Image source: Shanghai Stock Exchange official website

The company develops, produces and sells molecular diagnostic reagents and equipment integrated products based on this, focusing on precise diagnosis, effective prevention and control, and personalized diagnosis and treatment of pathogens in the fields of reproduction, breathing, digestion, blood, food, environmental safety, etc. provide the solution.

Picture source: company prospectus

Financial data shows that the company’s revenue in 2018, 2019, and 2020 were 69,343,400 yuan, 99,168,100 yuan, and 250 million yuan, respectively; during the same period, the corresponding revenues were -32,0512 million, 3,379,200 yuan, and 61,376,500 yuan respectively. After the non-deduction, both 2018 and 2019 lost money.

In 2020, the issuer will realize RMB 249,903,400, net profit of RMB 61,376,500, net profit after deduction of RMB 53,281,600. Based on the company’s latest external situation and the valuation of comparable companies in domestic and overseas markets, the issuer expects the valuation to be no less than RMB 1 billion.

The issuer’s selection criteria for listing is Article (1) stipulated in Chapter 2.1.2 of the “Shanghai Science and Technology Innovation Board Stock Listing Rules”: the estimated market value is not less than RMB 1 billion, and the net profit in the most recent year is positive and operating The income is not less than RMB 100 million. This fundraising is planned to be used for industrialization R&D projects of precision diagnostic reagents and smart equipment, and marketing network construction projects. Picture source: company prospectus Rendu Biotech is backed by Suzhou Qiming, Yida Talent, Jinxin Venture Capital, etc. Rendu Biotech frankly stated that the company faces the following risks: (1) New product development risks The issuer’s in vitro diagnostic industry is a typical technology-driven industry. The research and development of new products has the characteristics of strong technical integration, large capital investment, and long cycle. Whether the company can continuously develop new products that meet market needs is whether the company can One of the key factors for maintaining a leading position in industry competition. Therefore, in the process of new product development, the issuer may face the risk of R&D failure due to deviations in the R&D direction, slow R&D process, and high R&D investment costs. (2) Risk of falling product prices According to the current relevant national regulations, the highest price standards for non-profit medical institutions that enter the “Clinical Testing Project Catalog” are set and adjusted by the local price authorities. With the deepening of the national medical reform and the further adjustment of relevant policies and regulations, the relevant competent authorities may lower the prices of some test items. With the further deepening of my country’s medical treatment, the company’s product sales prices may be affected by policy factors such as bidding policies and hospital procurement regulations. In addition, with the increase of market participants and the intensified competition, the price of corresponding diagnostic reagent products will also be lowered. If the company cannot continue to increase R&D investment and launch new products in the future, or is affected by factors such as government price adjustments, bidding policies, and market competition, the company will face risks related to product prices. (3) New technology market acceptance risk During the reporting period, the issuer focused on RNA molecular diagnostic technology and products, and its main business was R&D, production and sales of molecular diagnostic reagents and equipment integrated products based on the RNA real-time fluorescent constant temperature amplification technology (SAT) platform. Compared with the DNA molecular diagnostics that appeared in the 1980s and 1990s, RNA molecular diagnostics appeared later, and the current market awareness is low. The proportion of RNA in the field of infectious molecular diagnostics in China is only 6%, and the penetration rate is relatively low. 25% in developed markets in the United States is lower. At the same time, unlike the development path of DNA molecular diagnostics used by comparable listed companies in the same industry, the issuer focuses on RNA molecular diagnostics. If the company’s market development and academic promotion are insufficient in the future, the market structure and needs change, the company cannot successfully achieve market promotion, or the clinical market fails to be more familiar with and accept the company’s RNA molecular diagnostic products, this will result in the company’s market development, which may affect the company. The future and sales growth will have certain adverse effects. (4) The risk of performance fluctuations caused by the new coronavirus epidemic At the beginning of 2020, the new coronavirus epidemic broke out in my country. The issuer successfully developed a new coronavirus 2019-nCoV nucleic acid detection kit with high-throughput automatic detection equipment based on a systematic technology platform and an efficient R&D system. And through the emergency approval of the State Drug Administration, the registration certificate was obtained on March 26, 2020. Combined with the company’s fully automatic nucleic acid detection and analysis system, it can realize the automatic, integrated, and on-the-go detection of new coronavirus detection. It is an enterprise that realized the automatic detection of new coronavirus early in China, and it is rapidly mass-produced for the prevention and control of new coronary pneumonia. make a contribution. The company’s new crown detection kit revenue in 2020 will be 68,507,400 yuan, accounting for 27.41%. With the advent of the new crown vaccine and the effective control of the epidemic by government departments, the company’s new crown detection kit income is at risk of decreasing. Hospitals at all levels across the country actively responded to the call of the state in the early stage of epidemic prevention and control, and invested a large number of medical staff and health resources in the epidemic prevention and control battle, causing their normal diagnosis and treatment business to be suspended. Since the company’s reproductive tract and intestinal products are mainly used in hospital reproductive departments, pediatrics and other departments, during this epidemic, in order to concentrate efforts to fight the epidemic and reduce the risk of cross-infection in the hospital, the above departments were partially or completely closed, resulting in The sales of related products of the company will be affected to a certain extent in the short term. At present, the new coronavirus epidemic has been effectively controlled nationwide, but the impact of foreign epidemic outbreaks, imported cases and virus mutations may lead to greater uncertainty in the epidemic, which will cause fluctuations in the company’s business performance growth. (5) Risks of investment projects with raised funds The funds raised by the company this time are mainly used for industrialization R&D projects of precision diagnostic reagents and intelligent equipment and marketing network construction projects. The construction of the above-mentioned fund-raising investment projects will enhance the company’s in vitro diagnostic reagent product structure, and at the same time, through the update and upgrade of instruments, it will effectively enhance the market competitiveness of the company’s products, increase the company’s sales scale and thereby enhance the company. Although the company has conducted a prudent feasibility demonstration for the raised funds investment projects, due to the large amount of funds raised, if the raised funds are not in place as scheduled, the project implementation organization is poorly managed, or the downstream market demand changes adversely, the raised funds will be affected. The construction progress and investment benefits of capital investment projects have an adverse impact. In addition, the issuer’s raised funds investment project will significantly increase R&D investment and marketing team building expenses in the early stage of construction. There is a risk that the company’s profitability will decline due to increased expenses. At the same time, the company’s net assets will increase significantly. Since it takes a certain amount of time from the beginning of the implementation of the fund-raising investment project to produce the expected benefits, the company has the risk of a decline in the return on net assets

Source: Facebook

Facebook’s luxury goods team demonstrated how VR allows customers to participate in fashion shows, visit studios, or restored historical sites from the comfort of their homes, thereby redefining the way they visit. Last year, people in the fashion circle received Oculus headsets and used them to participate in the Fall/Winter 2021 Balenciaga fashion show in November 2020.

Violaine Gressier, Facebook’s global luxury goods industry manager, pointed out that this form allows customers to observe the people around them, learn their body language and clothes, and break the barriers between the digital and physical worlds.

Prada also provided a case of using VR. Prada produced a 3D video detailing the brand’s craft heritage. Through VR, they created a more immersive experience than simply watching the video.

Himel, vice president of Facebook Reality Labs, said: “VR is at an inflection point and it is becoming more and more social. Multiplayer games are booming, fitness is becoming a new vertical, and people are starting to imagine how VR can be used as a work device. Of course, all these activities mean that VR developers can make money. It is used to accelerate the collaboration of design teams, train surgeons, and the NFL or other athletes use it to prepare for the game. In the future, we believe that VR can fundamentally Change the way we work.”

In general, technology companies, including Facebook, are increasing investment in tools to help brands sell on their platforms and help customers make purchases on the platforms. AR is one of the areas explored by Facebook Reality Labs. It integrates the real and virtual worlds and promotes it to home decoration and clothing after the virtual try-on and immersive customization features are widely adopted by beauty and car brands.

Facebook’s Spark AR platform enables creators, brands, and developers to create AR effects in Facebook’s ecosystem (including Instagram, WhatsApp, and Messenger). Himel said that about 600 million people are already using AR across devices.

Source: Facebook

The meeting also shared some “success stories” using VR/AR: Louis Vuitton cooperated with the popular e-sports League of Legends, and the event organized with the help of AR was a huge success: 6.1 million displays (AR Stories tried and viewed times ).

In order to attract a younger target group, Porsche France created a filter through which users can test drive the electric Porsche Taycan on the Le Mans circuit. In the end, this electric car won 2 million displays. Gruber of Porsche France said: “Obviously, it has brought growth to our customer data, and we can add new events to these customers.”

Morin Oluwole, Facebook’s director of luxury goods and global head, said: “VR and AR allow you to have a strong connection with consumers, even if there is no actual connection in reality. As a company, we are aware of the future potential of these technologies and Brands and creators are very excited about the way they use them. More broadly, we believe that creators provide a new opportunity for brands to collaborate and encourage you to think about how they will affect your path to innovation.”

Facebook Reality Labs’ mission is to build the next human-centric computing platform. It is developing a number of technologies along with VR and Spark AR-including a pair of smart glasses called Ray-Ban, which is co-produced with EssilorLuxottica. It will be launched later this year.

In terms of research, the team is exploring what wrist-based interaction might look like—thinking about new ways to interact with the technology we use. Everyone agrees that the next computing platform will be “a platform that integrates virtual and real environments in a seamless manner.”

These developments come at a time when people are paying more and more attention to the potential of this new technology and how to best protect people’s safety and privacy. Facebook Reality Labs has established a set of responsible innovation principles and stated that they are committed to building inclusive, privacy-centric products-one of which is to “provide control over important content.”

Take Facebook’s social experience Horizon as an example, where you can explore, play, and create in VR-it’s important to make people feel in control of their experience, so the team has built in some features so that people can stay away from the incident On-site, and mute and shield when needed, and report to the staff.

On June 21, according to news from the Sichuan Regulatory Bureau of the China Securities Regulatory Commission, Huatai United Securities recently announced that the domestic semiconductor IP supplier Chengdu Ruichengxin Micro Technology Co., Ltd. (hereinafter referred to as “Ruichengxin Micro”) IPO and Progress report on the guidance of listing on the Science and Technology Innovation Board (Phase 1). On January 29, 2021, Huatai United Securities and Ruichengxin Micro signed the “Chengdu Ruichengxin Micro Technology Co., Ltd. and Huatai United Securities Co., Ltd. Initial Public Offering Counseling Agreement.” The Sichuan Supervision Bureau submitted the application documents of Ruichengxin Micro’s IPO counseling and filing. According to data, Ruichengxin Micro was established in 2011, dedicated to the design and authorization of integrated circuit intellectual property (IP) products, and provides one-stop services, with the goal of becoming a world-class integrated circuit IP provider with innovative capabilities and trustworthiness. Relying on independent semiconductor IP, we provide customers with platform-based semiconductor IP authorization services and one-stop chip design services. The products include ultra-low power analog IP, embedded non-volatile memory IP, and high-performance radio frequency IP. Semiconductor IP has applied for more than 200 patents at home and abroad, serving hundreds of integrated circuit design companies around the world. Products are widely used in 5G, Internet of Things, smart home, automotive electronics, smart power supplies, wearables, medical electronics, industrial control and other fields. As early as 2016, Ruichengxin Micro launched a complete set of ultra-low power analog IP design solutions based on 55nm process, and cooperated with partners to develop the world’s first MCU chip with the lowest power consumption of 7nA; in 2017, Ruichengxin Micro and China’s top 3 integrated circuit design companies jointly developed the world’s lowest power consumption, mass-produced NB-IoT chip; in 2018, based on the domestic Foundry 153nm, CMOS process, successfully verified LogicFlash that meets the requirements of automotive electronics Grade0, and tested more than 200,000 times Erasing, high temperature resistance 175℃, service life up to 11 years. This technology has also been adopted by international automotive electronics companies for many years, and has registered the LogicFlash trademark in the United States and Japan. On April 28, 2020, Ruichengxin Micro announced the completion of the acquisition of Chengdu Shengxin Micro Technology Co., Ltd. (SYDTEK), a wireless communication chip designer. According to the progress report of the sci-tech innovation board listing guidance work, the actual controller of Ruicheng Xinwei is Xiang Jianjun, with a shareholding ratio of 35.59%. The shareholders include Zhuhai Apex Microelectronics Co., Ltd., BYD Co., Ltd., Suzhou Juyuan Oriental Investment Fund Center, Datang Telecom Investment Co., Ltd. and other enterprises and investment institutions. It is worth noting that, recently, the Ministry of Industry and Information Technology announced the list of recommended and supported national-level specialized and new “little giant” enterprises and national (or provincial) public service demonstration platforms for small and medium-sized enterprises (the first batch of the first year), Ruichengxin Micro also successfully made the list. Editor: Xinzhixun-Rurouni Sword

1. Follow the policy and continue to promote the “incremental expansion, quality improvement and cost reduction” of inclusive finance

In terms of “increment”, as of April this year, Zhuhai Bank of China Inclusive Finance (statistical caliber: small and micro enterprises, small and micro business owners, and individual industrial and commercial households with credits of less than 10 million yuan) loan balances were 3.578 billion yuan, a net increase of 934 million that year Yuan, an increase of 35.33%.

In terms of “expansion”, in the first April of this year, Zhuhai Bank of China’s inclusive small and micro enterprises have a net increase of 103 loan holders, a net increase of 32.19% that year. At the same time, the Bank of China in Zhuhai took the initiative to strengthen the policy transmission of the “first lender” and achieved first loans for 35 small and micro enterprises.

In terms of “quality improvement,” BOC Zhuhai optimized credit conditions, increased credit and medium- and long-term loans, and effectively reduced the pressure of guarantees and repayments for small and micro enterprises.As of Aprilend, The bank’s inclusive small and micro enterprise credit loan balance was 1.428 billion yuan, a net increase of 51.11% that year; the inclusive small and micro enterprise’s medium and long-term loan balance was 1.406 billion yuan, a net increase of 73.79% that year.

In terms of “cost reduction”, Zhuhai Bank of China implemented a loan-and-repay, daily-calculated interest calculation rule for inclusive small and micro enterprises, and provided interest rate concessions for companies that comply with the inclusive financial rules.In the first 4 months, the annualized interest rate of inclusive small and micro enterprise loans issued by the bank was higher than that of the previous year.endContinue to steadily drop by 0.38 percentage points.

2. Tailor financing schemes for small and micro enterprises of science and technology innovation in accordance with local conditions

Based on the characteristics and advantages of the local technology and innovation industry and high-end talent pooling, BOC Zhuhai closely focuses on the “14th Five-Year Plan”, “Guangdong-Hong Kong-Macao Greater Bay Area Development Plan Outline” and Zhuhai’s “5+1” industrial layout plan, targeting high-tech enterprises , Technology-based enterprises, and “specialized, special-new” enterprises took the lead in launching the “Zhuhai Science and Technology Innovation Loan” series of products, and innovatively launched the “Zhuhai Yingcai Loan” around the “Zhuhai Yingcai Plan”.These characteristic products abandon the traditional credit concept of “look at the bricks (collateral)”, and use pure credit, equity pledge, intellectual property pledge, government risk sharing and other methods to provide high-tech content and lightassets, Start-up small and micro enterprises provide convenient and flexible financing solutions.

Since September 2020, Zhuhai Bank of China and Zhuhai Municipal Bureau of Industry and Information Technology have jointly implemented the “Cultivation and Development” jointly formulated by Guangdong Provincial Department of Industry and Information Technology and Guangdong Bank of China.Strategic industryCluster Exclusive Financing Service Program”, launched six series of products, including “Strong Chain Loan”, “Extended Chain Loan”, “Supplementary Chain Loan”, “Smart Loan”, “Park Loan”, and “Chuangke Loan”. Provide support for the high-quality development of the manufacturing industryGuarantee.

Based on the innovation of product and service solutions, BOC Zhuhai has also cooperated with Zhuhai Municipal Bureau of Industry and Information Technology, Zhuhai Municipal Science and Technology Bureau and other government units in recent years. 11 special platforms were held on the theme of “Corporate Financing and Smart South Guangdong Tour”activity, To provide comprehensive services of “policy guidance + financing support” for more than 600 small and micro sci-tech innovation enterprises.

Under the dual promotion of products and services, as of Aprilend, The balance of loans to small and micro enterprises in science and technology innovation of the Bank of China in Zhuhai was 1.633 billion yuan, compared with the previous yearendAn increase of 46.59%; the number of loan households was 326, compared with the previous yearendAn increase of nearly 32%. With the support of these loans, more than 10 companies have grown from small and micro to medium-sized, and have launched a listing plan.

3. Precise drip irrigation to enrich people’s livelihoodGuaranteeSmall and micro enterprise credit scenario

Zhuhai Bank of China closely follows policy guidance and market demand, and spares no effort to improve its impact on people’s livelihoodGuaranteeThe service capabilities of similar small and micro enterprises. After the outbreak of the new crown pneumonia in 2020, the Bank of China in Zhuhai responded swiftly and issued the first special re-loan in Zhuhai with the exclusive product of the “anti-epidemic loan”. The total number is 12FocusThe small and micro enterprises in the guarantee list issued 68.17 million yuan of special reloans, and the number and amount of special reloans issued by small and micro enterprises ranked first in the city. At the same time, it has approved a special quota of 552 million yuan for 55 small and micro enterprises related to epidemic prevention, provided 421 million yuan of special funds for 123 small and micro enterprises that need to resume work and production, and approved a special quota of more than 60 million yuan for resumption of work and school for 17 kindergartens. .

Entering 2021, Zhuhai Bank of China will give full play to people’s livelihoods such as “Medical Tongbao”, “Education Tongbao”, “Cultural Tongbao”, “Chunhui Loan”, and “Food Loan”.GuaranteeThe advantages of similar financing service scenarios have continuously expanded the scope of drip irrigation.As of Aprilend, The bank’s balance of loans to small and micro enterprises in the field of people’s livelihood was 228 million yuan, compared with the previous yearendIncreased by more than 20%. Currently, BOC Zhuhai is working with the Zhuhai Municipal Human Resources and Social Security Bureau to implement the “Promoting “Cantonese Cuisine Master”, “Guangdong Skilled Workers”, and “Southern Guangdong Housekeeping” Project to Promote Employment and Entrepreneurship Exclusive Financing Service Plan, in order to meet the needs of the modern industrial system Skilled talents are provided to solve financing problems.

4. Optimize the mechanism to improve the efficiency of inclusive financial services in an all-round way

At the level of institutional services, Zhuhai Bank of China, based on the needs of small and micro enterprises, has established 9 central sub-branches with initiation authority and 3 characteristic branches of inclusive finance throughout its jurisdiction to fully accept the financing needs of small and micro enterprises.

At the level of acceptance and approval, the Bank of China in Zhuhai cooperated with the Inclusive Finance Business Department of the Guangdong Branch of Bank of China to hold regular on-site review meetings in Zhuhai, with the theme of “branch initiation + branch acceptance + provincial approval”Level 3The linkage method integrates the pre-loan investigation, project declaration and credit approval processes in time and space, greatly improving service efficiency.

At the financial technology level, Zhuhai Bank of China will launch the inclusive financial business “online product breakthrough year” in 2021activity, Using the “Bank of China Enterprise E-Loan” series of products as a starting point, providing small and micro enterprises in different industries with diversified credit acquisition channels such as “measured by credit”, “measured by tax” and “measured by house”.

In the next stage, Zhuhai Bank of China will continue to make efforts in the field of inclusive finance, and give full play to the group’s advantages to provide local small and micro enterprises with more warm and in-depth diversified services.

1. Follow the policy and continue to promote the “incremental expansion, quality improvement and cost reduction” of inclusive finance

In terms of “increment”, as of April this year, Zhuhai Bank of China Inclusive Finance (statistical caliber: small and micro enterprises, small and micro business owners, and individual industrial and commercial households with credits of less than 10 million yuan) loan balances were 3.578 billion yuan, a net increase of 934 million that year Yuan, an increase of 35.33%.

In terms of “expansion”, in the first April of this year, Zhuhai Bank of China’s inclusive small and micro enterprises have a net increase of 103 loan holders, a net increase of 32.19% that year. At the same time, the Bank of China in Zhuhai took the initiative to strengthen the policy transmission of the “first lender” and achieved first loans for 35 small and micro enterprises.

In terms of “quality improvement,” BOC Zhuhai optimized credit conditions, increased credit and medium- and long-term loans, and effectively alleviated the pressure of guarantees and repayment for small and micro enterprises.As of Aprilend, The bank’s inclusive small and micro enterprise credit loan balance was 1.428 billion yuan, a net increase of 51.11% that year; the inclusive small and micro enterprise’s medium and long-term loan balance was 1.406 billion yuan, a net increase of 73.79% that year.

In terms of “cost reduction”, Zhuhai Bank of China implemented a loan-and-repay, daily-calculated interest calculation rule for inclusive small and micro enterprises, and provided interest rate concessions for companies that comply with the inclusive financial rules.In the first 4 months, the annualized interest rate of inclusive small and micro enterprise loans issued by the bank was higher than that of the previous year.endContinue to steadily drop by 0.38 percentage points.

2. Tailor financing schemes for small and micro enterprises of science and technology innovation in accordance with local conditions

Based on the characteristics and advantages of the local technology and innovation industry and high-end talent pooling, BOC Zhuhai closely focuses on the “14th Five-Year Plan”, “Guangdong-Hong Kong-Macao Greater Bay Area Development Plan Outline” and Zhuhai’s “5+1” industrial layout plan, targeting high-tech enterprises , Technology-based enterprises, and “specialized, special-new” enterprises took the lead in launching the “Zhuhai Science and Technology Innovation Loan” series of products, and innovatively launched the “Zhuhai Yingcai Loan” around the “Zhuhai Yingcai Plan”.These characteristic products abandon the traditional credit concept of “look at the bricks (collateral)”, and use pure credit, equity pledge, intellectual property pledge, government risk sharing and other methods to provide high-tech content and lightassets, Start-up small and micro enterprises provide convenient and flexible financing solutions.

Since September 2020, Zhuhai Bank of China and Zhuhai Municipal Bureau of Industry and Information Technology have jointly implemented the “Cultivation and Development” jointly formulated by the Guangdong Provincial Department of Industry and Information Technology and Guangdong Bank of China.Strategic industryCluster Exclusive Financing Service Program”, launched six series of products, including “Strong Chain Loan”, “Extended Chain Loan”, “Supplementary Chain Loan”, “Smart Loan”, “Park Loan”, and “Chuangke Loan”. Provide support for the high-quality development of manufacturingGuarantee.

Based on the innovation of product and service solutions, BOC Zhuhai has also cooperated with Zhuhai Municipal Bureau of Industry and Information Technology, Zhuhai Municipal Science and Technology Bureau and other government units in recent years, with “investment-loan linkage through train”, “BOC Small and Micro Enterprise Digital Credit Core Linking Heart”, and “BOC Small and Medium-Sized Enterprises”. 11 special platforms were held on the theme of “Corporate Financing and Smart South Guangdong Tour”activity, To provide comprehensive services of “policy guidance + financing support” for more than 600 small and micro sci-tech innovation enterprises.

Under the dual promotion of products and services, as of Aprilend, Zhuhai Bank of China’s loan balance for science and innovation small and micro enterprises was 1.633 billion yuan, compared with the previous yearendAn increase of 46.59%; the number of loan households was 326, compared with the previous yearendAn increase of nearly 32%. With the support of these loans, more than 10 companies have grown from small and micro to medium-sized, and have launched a listing plan.

3. Precise drip irrigation to enrich people’s livelihoodGuaranteeSmall and micro enterprise credit scenario

Zhuhai Bank of China closely follows policy guidance and market demand, and spares no effort to improve its impact on people’s livelihoodGuaranteeThe service capabilities of similar small and micro enterprises. After the outbreak of the new crown pneumonia in 2020, the Bank of China in Zhuhai responded swiftly and issued the first special re-loan in Zhuhai with the exclusive product of the “anti-epidemic loan”. The total number is 12FocusThe small and micro enterprises in the guarantee list issued 68.17 million yuan of special reloans, and the number and amount of special reloans issued by small and micro enterprises ranked first in the city. At the same time, it has approved a special quota of 552 million yuan for 55 epidemic prevention-related small and micro enterprises, provided 421 million yuan of special funds for 123 small and micro enterprises that need to resume work and production, and approved a special quota of more than 60 million yuan for resumption of work and school for 17 kindergartens. .

Entering 2021, Zhuhai Bank of China will give full play to people’s livelihoods such as “Medical Tongbao”, “Education Tongbao”, “Cultural Tongbao”, “Chunhui Loan”, and “Food Loan”.GuaranteeThe advantages of similar financing service scenarios have continuously expanded the scope of drip irrigation.As of Aprilend, The bank’s balance of loans to small and micro enterprises in the field of people’s livelihood was 228 million yuan, compared with the previous yearendIncreased by more than 20%. At present, BOC Zhuhai is working with Zhuhai Municipal Human Resources and Social Security Bureau to implement the “Promoting “Cantonese Cuisine Master”, “Guangdong Technician” and “Southern Guangdong Housekeeping” Project to Promote Employment and Entrepreneurship Exclusive Financing Service Plan” to meet the high-quality requirements of the modern industrial system Skilled talents are provided to solve financing problems.

4. Optimize the mechanism to improve the efficiency of inclusive financial services in an all-round way

At the level of institutional services, Zhuhai Bank of China, based on the needs of small and micro enterprises, has established 9 central sub-branches with initiation authority and 3 characteristic branches of inclusive finance throughout its jurisdiction to fully accept the financing needs of small and micro enterprises.

At the level of acceptance and approval, the Bank of China in Zhuhai cooperated with the Inclusive Finance Business Department of the Guangdong Branch of Bank of China to hold regular on-site review meetings in Zhuhai, with the theme of “Branch Initiation + Branch Acceptance + Provincial Bank Approval”Level 3The linkage method integrates the pre-loan investigation, project declaration and credit approval processes in time and space, greatly improving service efficiency.

At the financial technology level, Zhuhai Bank of China will launch the inclusive financial business “online product breakthrough year” in 2021activity, Using the “Bank of China Enterprise E-Loan” series of products as a starting point, providing small and micro enterprises in different industries with diversified credit acquisition channels such as “measured by credit”, “measured by tax” and “measured by house”.

In the next stage, Zhuhai Bank of China will continue to make efforts in the field of inclusive finance, and give full play to the group’s advantages to provide local small and micro enterprises with more warm and in-depth diversified services.

Automatic brick production line of Dat Viet Tile Joint Stock Company. Over the years, Quang Ninh province has many policies to support and develop science and technology enterprises (Science and Technology). Up to now, the province has the fourth largest number of science and technology enterprises nationwide, with 18 enterprises and 172 products formed from the results of science and technology research. Sharing about the results of promoting the development of science and technology enterprises, Director of the Quang Ninh Department of Science and Technology Hoang Ba Nam said: The Department of Science and Technology has selected 80 potential enterprises in the area to develop into a successful business. science and technology enterprises. The Department has coordinated with relevant units to work directly with businesses to guide and advise businesses to complete the application for certification of science and technology enterprises. In addition, the provincial advisors support potential businesses in advanced technology chains, new technology transfer, training, management, business operation… to develop new products of high value. competition in the market. 18 enterprises achieved science and technology enterprises in the fields of: industrial production, construction; agriculture, forestry and fishery; medical, pharmaceutical and food processing. With the multifaceted support of the province, science and technology enterprises have boldly invested in technological innovation to improve the quality and value of products; actively invest in research to create new varieties and products with high added value. For example, Dat Viet Brick and Tile Joint Stock Company has applied mechanization and automation, ensuring stable production regardless of seasons and weather. At the company’s factory, the entire process is completely autonomous, the processing of extrusion molds is due to investment in automatic lathes and milling machines; loading and unloading brick products by robots, reducing labor intensity for workers. Deputy General Director of Dat Viet Brick and Tile Joint Stock Company Nguyen Duy Tan said that due to investment in modern technology and equipment, product quality has been improved, the company has exported bricks and tiles to 51 countries and territories. territory. Up to now, the company has won the Vietnam Gold Star Award three times (2012, 2015, 2018); 2014 won the Red Star Award; in 2015 was in the top 500 enterprises with the fastest growth rate in Vietnam. In 2015 won the Silver Award and in 2016 won the National Quality Gold Award… Or Dong Bac Medicinal Plant Cultivation, Production and Processing Co., Ltd. has completed and developed a closed production and processing process from from incubation, rearing to production and processing of products on modern production lines. Currently, the company has nine OCOP certified herbal products and is rated four stars. In 2020, the company has invested more than 10 billion VND in building a pharmaceutical factory that meets GMP standards. Quang Vinh Co., Ltd., after implementing a project to apply advanced ceramic production technology, has reduced the amount of gas by 30% by recovering excess heat in the kiln to dry wood products. In the field of agriculture, Quang Ninh Seed Joint Stock Company is evaluated as a unit that performs well in scientific research tasks. General Director of the Company Tran Thi Hong said: Over the past time, the company has researched, selected, created and tested many varieties of rice, including 14 rice varieties recognized by the Ministry of Agriculture and Rural Development. Many rice varieties of the company have become the main varieties of Quang Ninh and many other provinces and cities. Particularly in Quang Ninh, the rice varieties researched by the company are applied and planted on 39,000 hectares, accounting for 70% of the province’s rice area, the yield increased from 7 to 9 quintals/ha. Thanks to the policies to encourage enterprises to be creative, improve productivity and product quality of Quang Ninh province, many inventions and useful solutions of science and technology enterprises have been applied to production, bringing about effective results. high economic. The invention of the author Dinh Van Giang (Tri Dat Mechanical Science and Technology Co., Ltd.) has been applied to production and commercialization on the market, the product has been present in 63 provinces and cities in the country. and exported to Laos. The invention of the author Dinh Thai Minh (Dat Minh Ha Joint Stock Company) has been commercialized and transferred to coal companies, worth billions of dong. Dat Minh Ha Joint Stock Company’s invention of producing a tarpaulin system for aquaculture has been applied and built into a project under the Intellectual Property Development Program for the period 2016 – 2020 of the National Office of Intellectual Property. wisdom… Evaluating activities to support science and technology enterprises, Director of Quang Ninh Department of Science and Technology Hoang Ba Nam said: The organization of the scientific and technological apparatus has made many changes in the direction of clear people, clear jobs. . At the departments, branches and localities, leaders are arranged to be in charge, assign staff to monitor science and technology of the unit; Annually, proactively propose and incorporate science and technology tasks into professional work programs and plans of agencies and units. Mechanisms and policies to encourage and support enterprises to invest in research, innovation and application of science and technology have actively contributed to helping enterprises improve productivity and quality of products and services. Many enterprises have actively cooperated with science and technology organizations, scientists, and established their own science and technology development funds to carry out science and technology tasks effectively.

In other words, one regime can only win over another if there is higher labor productivity. The 2008 Nobel Prize-winning American economist Paul Krugman said: “Productivity is not everything, but, in the long run, productivity is almost everything. Whether a country can improve its quality of life depends almost entirely on whether it can raise output per worker.” Nobel Prize-winning economist Paul Krugman commented on the importance of labor productivity The Digital Transformation process leads to an important consequence, which is a dramatic acceleration of productivity through: 1) Maximum support of digital technologies and data; 2) The transformation of the organizational model; and 3) Changes in the structure and nature of economic activities. The increase in efficiency of economic activities based on technology and digital data creates innovative breakthroughs in providing new ways to increase productivity and create value, while helping to The digital economy has become a major component of the economy. Robert C. Lieberman (2012) wrote: “Changes in technology, especially the information revolution, have transformed the economy, making workers more productive and gaining important positions for the workforce. mental labor rather than manual labor. At the same time, the emergence of global markets, which itself has been accelerated by information technology, has dented the once dominant US manufacturing sector, and reoriented the US economy. to the service area. The service economy also rewards educated people with high-paying professional jobs in finance, healthcare and information technology.” This has suggested important implications for examining the dialectical relationship between productivity and digital transformation in the current context and its role in increasing the share of the digital economy in the economy. To evaluate productivity, we can rely on four important components: One is n platform of productivity is the creation of value and thus the value created determines the measures of productivity. A person who works hard for 8 hours a day only creates a value of 10 dong, will not be able to have a high labor productivity as a person who also works 8 hours a day but creates a value of 50 dong. Therefore, it is necessary to understand that the increase in productivity is not more labor effort, better skills, but the most important thing is to grasp how to create new value in the modern era. The present is how to be able to catch up, adapt and find ways to create those values. Digital transformation is not basically the application of digital technology and data to help “work more” or “work better”, but the most important thing in Digital Transformation, which is towards a new form of social organization to create a new source of capital, data capital, which helps to create a breakthrough in value, allowing a breakthrough in adding value to labor. Monday, S The change of economic/business model has an important significance in increasing productivity. In innovation, the value of innovation, that is, building on the foundation of existing models and innovating to increase efficiency will always be of critical value and can only increase at a finite rate. and tends to slow down. Thus, increasing productivity solely on the basis of the old model will not allow to expand the value – the basis of productivity, and thus also limit the possibility of increasing productivity. Converting numbers starting with requires a creation overate ( disruptive innovation ) , in which the transformation of the economic/business model is an indispensable, first and conditional requirement for the real Digital Transformation to take place. Tuesday , The transformation of the way we organize, operate and create value mechanism as a result of changing economic/business models. Digital transformation will create platforms, networks and communities/social-ecosystems as new ways to organize economic/economic activity. business, how these organizations connect to each other, and how these organizations converge. This will allow a change in the way productivity is conceived, from being based primarily on the capabilities that a single individual/organization can create through its efforts to create efficiency, to synergies. between individuals/organizations through interconnection into a platform, into networks and into social communities/ecosystems. This allows to create new productivity values ​​that go beyond individual capacity, increasing productivity based on the size, spread and resonance of the network connections that individuals/organizations have. This can be connected. Wednesday, c technology and digital data, which are popular with AI, Bigdata, IoT and Clouds technologies enabling humans to increase computing power and efficiency for better, more efficient, faster and more multifaceted data-driven decision making. It is this that allows people to get help to overcome biological, physical and space-time limitations to increase their results. Therefore, the increase in productivity is also extended to the ability to effectively apply and apply technologies to work and daily life. Accordingly, from analyzing the consequences of increasing productivity thanks to the Digital Transformation process, we can also establish the bases that help shape the digital economy and the proportion of the digital economy in the economy: The change in the way new value is created and valued based on the application of technology and digital data will make the economy play a particularly important role in the process of transforming traditional economic activities. system in a new way that creates faster, higher value-added and widens value frontiers. The change in the economic/business model through disruptive innovation will help break down the existing value creation structures, open up new value creation platforms, and enable the digital economy to open up. completely new economic/business activities in the digital era, contributing to increasing the development and affirming the position of the digital economy. An important new feature of the digital economy in the digital era is the change in the way society is organized to help create value synergies through platforms, networks and networks. community/social-ecosystem. This allows for increased growth when measured in space-time dimensions. Digital economy applies advanced technologies and digital data to create new means, tools and methods to increase the efficiency of human labor activities, contribute to creating value, open expanding consumption and creating new ways of doing business/economic activity, allowing new platforms for growth and development to be created.

Competition scene. The products have practical applications for education, training and combat training in the School of Information Officers, Army Communications and Army. In which, there are products applied in real life, such as: Software “Converting the number of C Programming subjects”; virtual assistant application in learning and communicating in English; researching and applying artificial intelligence in building learning support software; the photoelectric converter automatically finds the transmission path; multi-layer security system for smart home;… This is an annual activity of the university in order to promote the scientific research movement, promote technical innovation initiatives, and arouse the creative potential of staff, lecturers, students and students. Thereby, creating conditions for the development and effective application of scientific products and technical innovation initiatives to the school’s education, training and combat training, and at the same time selecting products with participation in the Khanh Hoa Provincial Technical Innovation Contest in 2021 and the Science and Technology Innovation Contest of the Information Service and the whole army.

In 2021, Vietnam Science and Technology Day 18/5 has the theme “Science, technology and innovation – Arousing aspirations, creating the future”. The Ministry of Science and Technology requires activities to celebrate Vietnam Science and Technology Day 2021 to be meaningful, practical, economical and effective; strengthen the application of information technology to connect and spread activities to celebrate Vietnam Science and Technology Day 2021 nationwide. Vietnam Science and Technology Day 2021 has the theme “Science, technology and innovation – Arousing aspirations, creating the future”. Accordingly, continue to propagate and disseminate the purpose and meaning of Vietnam Science and Technology Day; activities of science, technology and innovation in the period of 2020 – 2021. Honoring the process of labor, creativity and dedication of the team of Vietnamese S&T intellectuals; propagandize mechanisms and policies to attract overseas Vietnamese S&T individuals and foreign experts to participate in S&T activities in Vietnam, arouse Vietnamese intellectual pride, and create strength. aggregate to serve the development of science and technology of the country. Introduce newly promulgated policies and laws to develop and apply science and technology, support start-ups to innovate and improve productivity based on science and technology and innovation; major objectives and orientations of national strategies and programs on S&T up to 2030. At the same time, information on outstanding scientific and technological achievements serving the socio-economic development tasks of ministries, branches and localities and practical contributions of science and technology in the implementation of urgent tasks such as prevention, fight against the COVID-19 epidemic; achievements of the fourth industrial revolution in all areas of social life, focusing on key industries and fields with potential and advantages to serve as a driving force for growth in the spirit of catching up. , go along and strive to be ahead in some areas compared to the region and the world. In particular, closely follow the viewpoints, goals, directions, tasks and solutions on S&T content and innovation in the Resolution of the 13th National Congress of the Party and the Economic Development Strategy. – 10-year society for the period of 2021 – 2030 to develop and implement an appropriate and effective communication plan. Science and Technology Day aims to honor and honor scientists, science and technology staff, and disseminate scientific and technological achievements. (Photo: TH) According to the Ministry of Science and Technology, depending on the development of the COVID-19 epidemic, many activities are expected to celebrate Science and Technology Day either directly or online, such as: Organizing information activities, propagating and disseminating laws. S&T, the role of S&T and activities of science, technology and innovation; issue a special issue to celebrate Vietnam Science and Technology Day; organize exhibitions of scientific research results and initiatives of students and young research groups at institutes, schools, science and technology organizations, enterprises; launching scientific research movements, promoting technical improvement initiatives of researchers, pupils, students and people from all walks of life, launching a movement to improve productivity and quality at enterprises ; organize commendation or request competent authorities to reward outstanding individuals who have made great contributions to the cause of science and technology development of ministries, branches, localities and agencies on the occasion of Vietnam Science and Technology Day; organizing a series of events to celebrate Vietnam Science and Technology Day, meeting programs; exchanges between S&T managers, scientists with students, students, inventors in the areas of provinces and centrally run cities… On June 18, 2013, at the 5th session, the XIII National Assembly passed the Law on Science and Technology and unanimously selected May 18 every year as Vietnam Science and Technology Day (as defined in Article 7, the amended Law on Science and Technology, which was amended by the National Assembly on June 18, 2013). approved in 2013 – Law No. 29/2013/QH13). In the past 8 years, May 18 has become a traditional day, an important festival for people doing scientific research, scientific management, and businesses with innovative spirit; is an annual meeting place for the science and technology community across the country to organize meaningful events. Thereby, raising awareness and arousing pride in Vietnamese intelligence, passion for creative work among all classes of people, especially the young Vietnamese generation in the process of construction and development. country; praising and honoring scientists, science and technology staff; propagating and disseminating scientific and technological achievements, results of innovation activities, raising the role and position of science and technology…

The contest aims to raise awareness and promote creativity of union officials, union members, students, youth and the community in proposing ideas, solutions, and policy recommendations to respond to climate change. post in Vietnam. Participants are Vietnamese young people aged between 16 and 35, currently living in the territory of Vietnam. The contest entry is a presentation of ideas, creative solutions, policy recommendations and 1 clip illustrating some of the following topics: Youth with creative communication solutions to improve knowledge about Climate Change; creative youth with solutions to mitigate climate change or reduce greenhouse gas emissions; youth start-ups with responsible business solutions to climate change; Youth design solutions to adapt to climate change and natural disasters in favor of nature and rely on nature. The organizers will mark and select 10 excellent entries to participate in the final round. Time to receive entries from May 17 to the end of July 25; The final round is expected to be held in August. The Central Committee of the Youth Union assigned the provinces, city unions and delegations directly under them to communicate the contest plan on the media; encourage union members and young people to participate in competitions. VT

(Source: unctad.org) The United Nations Conference on Trade and Development (UNCTAD) on May 12 announced that it will bring together experts in the meeting of the United Nations Commission on Science and Technology for Development (CSTD) from 17-21. /5 to find out how science, technology and innovation (STI) contributes to a resilient and sustainable recovery after the pandemic COVID-19 . Shamika N. Sirimanne , Director of Technology and Logistics of UNCTAD and who also heads the CSTD Secretariat, said the COVID-19 pandemic has highlighted the urgent need to prioritize STIs for policymaking, resource allocation and international cooperation. However, governments also need to ensure that the developmental benefits of STIs are translated directly into the daily lives of people around the world. It is important for all countries to have equal access to the benefits of life-saving treatments, not only for pandemics but also for diseases related to poverty, future medical emergencies and infectious disease outbreaks, Ms. Sirimanne added. Experts will look at the opportunities offered by technologies some of which are being used to respond to the pandemic, such as artificial intelligence, big data and robotics. While these technologies may enable developing countries to stay ahead of previous technology models and transform economies and societies, these countries – especially the least developed – often not ready to adopt them due to resource and capacity constraints. According to Sirimanne, the COVID-19 pandemic has highlighted many manifestations of deep digital inequality within and across countries. She said proactive policy interventions, mobilization of all stakeholders and international cooperation are needed to guide STI advances towards a resilient and sustainable recovery from the pandemic. In an increasingly digitalized economy and society, the security and accountability of data transactions are critical to building trust and creating disruptive innovations in the technical world. number. In this respect, blockchain technology can be a game-changer, with the potential to revolutionize processes from finance to the pharmaceutical industry, from government public services to humanitarian and humanitarian work. development aid. Blockchain serves as the underlying technology for cryptocurrencies, enabling open (peer-to-peer), secure and fast transactions. The application of blockchain has expanded to include various financial transactions such as online payments and exchange platforms, as well as the Internet of Things (IoT), healthcare systems, and supply chains. “While we have seen a few examples of blockchain’s potential to address sustainability challenges, it is important to avoid hype and ensure that we understand the potential blockchain can have,” said Ms. transformed into an effective answer to the needs of developing countries.” Digital technology has played an important role in addressing the pandemic and enabling resilience in many ways. These include the use of big data and artificial intelligence for public health interventions and the use of digital services to accelerate infection surveillance and testing. Other trends include the use of the Internet and video conferencing platforms for work and education as well as expanding use of e-commerce and online entertainment platforms. “But on the other hand, those who lack affordable connectivity have been severely disadvantaged during this pandemic,” added Ms. Sirimanne. “Other challenges have emerged including misinformation. propagation, privacy and data protection, and network security. CSTD is a subsidiary of the United Nations Economic and Social Council (ECOSOC) and is the United Nations’ focal point for STIs to develop, in analyzing how STIs, including information technology and media, acting as a driving force behind the 2030 Agenda for Sustainable Development.

At present, my country’s mobile phone manufacturers can be described as a situation where a hundred schools of thought are contending. In this environment, Xiaomi also relies on exceptional and smooth out of the circle. Even though they started their business on mobile phones, they are not limited to mobile phones.

This can be seen from the Xiaomi store, whether it is a mobile phone or household appliances, it is all available, and even a lot of after-life supplies are not spared, which also gives Xiaomi the title of Xiaomi grocery store. Under the diversified business philosophy, Xiaomi has indeed brought a lot of returns. Now the income of Xiaomi’s grocery store has accounted for 40% of the total income.

Although Xiaomi’s cross-border capability is unquestionable, it has always been a strong dragon in some industries. Among them, it is a good example in the socket market. At present, the best sockets in our country are probably the bulls. After all, they have the number one market share in the plug-in board industry.

The market value also exceeded 136 billion yuan, becoming the first share of sockets. In the flipper industry, Ruan Liping, the founder of the Bull, has also been cultivating for 25 years. Over the past 25 years, the Bulls have always focused on the subdivision of sockets, which has also brought Ruan Liping a worth of 45 billion yuan.

Technology Entrepreneurship

Ruan Liping can be said to be a typical representative of technology entrepreneurship. He studied mechanical design in college. After graduation, he successfully entered the Hangzhou Institute of Mechanical Design, which was a very enviable job at the time.

But obviously Ruan Liping is not the kind of person who likes stability. He started his journey into the sea a few years later. After buying pig livers and planting strawberries and other small businesses, Ruan Liping also aimed at the hottest plug industry at the time.

At first, Ruan Liping still didn’t like many power strips because the quality was really bad. After dismantling, he found that the original technical content of the power strip was not too high, so he planned to do it himself. So Bull Electric was established in 1995.

Establish 750,000 sales channels

At the beginning of Ruan Liping’s career, the power strip market was full of fantasies. For many users at that time, they could only choose foreign brands if they wanted to buy good quality power strips.

The price of foreign sockets is ten times that of domestic ones. Bulls do not fight the price war, and the prices of sockets introduced are much lower than those of foreign ones. With a good reputation, the Bulls have gradually gained a foothold in the plug-in market. After the bull became famous, it also attracted a lot of imitations.

Just 6 years later, Bull’s socket converter has become the industry’s first brand. The reason why the Bulls can achieve such results, in addition to their good quality, is also very important in terms of marketing. At that time, people chose to go to hardware stores to buy such products, so the bull simply made free signs for these hardware stores, and the bull logo was hung on it, so that the bull brand has formed a familiarity in the market over time.

With the continuous development of sales channels, Bull has established more than 750,000 hardware sales channels in a comprehensive way, and has become the number one brand in people’s hearts. What everyone might not have expected is that this small power strip also has such a great power. With this small object, Ruan Liping’s revenue reached 10 billion in 19 years, and the net profit exceeded 2.2 billion. In the first nine months of 20 years, the bull’s net profit reached nearly 1.6 billion.

Almost overtaken by Xiaomi

In terms of the quality of the inserts, the Bulls are already impeccable. However, the Bulls have encountered a crisis, that is, Xiaomi’s corner overtaking behind it. In 15 years, Xiaomi also quietly and suddenly entered the socket market, and it also brought a revolutionary innovation to the socket, that is, the addition of a USB socket to the socket, which is undoubtedly a problem for the Bulls. Very serious blow.

Under the shock, the Bull also responded quickly, and immediately launched products such as timing sockets and smart sockets according to market changes, which can be said to be in line with the development of the times. In 18 years, when the Bulls went public, they were also sued by their peers. This lawsuit delayed the Bull’s listing plan, and the listing was not completed until the beginning of the 20th century. However, the bull performance after the listing is also very strong, in a short period of time, the market value has risen from 50 billion to 155.4 billion at its peak.

to sum up

There are two main reasons why the Bulls can stand out. First of all, the first is to take a fancy to the pain points of the market, differentiate the brand, and allow consumers to bind the quality to the bull, creating a unique brand effect for the bull. The second is focus. In the 25 years of development of the Bulls, it has been focusing on the socket field and has not carried out blind expansion. It is not easy to work hard in a field for so many years, and it deeply interprets the craftsmanship that it is not easy to do a good job.

On the other hand, other brands in this field are doing things in the east and doing things in the west. They meet in all fields but do not have the strength, which leads to not doing anything well in the end. Antarctic people are the most classic representatives among them, and they seem to have become a grocery store. I have to say that there is some truth to the success of the bull.

At present, China Mobile in Jiangsu has basically achieved continuous 5G network coverage in 13 cities, urban areas and counties in the province, contiguous coverage of key towns and villages, coverage of key traffic trunk lines, coverage of key business districts and scenic spots, and 5G network coverage of key units and places. The number of base stations exceeds 42,000. In addition, in order to meet the needs of establishing a new generation of high-quality home broadband network and supporting smart home information services, China Mobile actively responded to the country’s call for “dual G and dual promotion”, and vigorously promoted the development of home broadband access capabilities in the Yangtze River Delta to gigabit. According to the “plan” issued by the Ministry of Industry and Information Technology, “At the end of 2021, the gigabit optical fiber network will have the capacity to cover 200 million households, and the gigabit broadband users will exceed 10 million.” Focusing on Jiangsu, China Mobile’s gigabit broadband has covered the province. Nearly 90,000 communities, 35 million households, to build a high-quality Gigabit network leading the province. In the recent “Mobile Strong Innovation 5G Helps Growth” Jiangsu Regional Tour, the reporter walked into Jiangsu Mobile to visit and learn about the current development of 5G integration in Jiangsu, and physically visited Jiangsu’s wisdom construction results. 5G financial industry boosts regional economic development Taking 5G Rongbaiye as an example, Jiangsu Mobile has created 100 high-quality 5G “model houses” and promoted more than 800 5G projects: In the 5G+ smart factory of Changzhou Jingyan Technology, the product inspection speed of AI quality inspection robots is faster than that of manual labor. Nearly 10 times; the country’s first smart warehousing project integrating 5G industrial modules landed in Suzhou, and its work efficiency was increased by 30-50% compared to warehousing in a non-5G network environment; 5G+ mind-brain built on mobile 5G network, cloud computing and other technologies The vascular disease Internet diagnosis and treatment and rehabilitation management platform has innovated the medical service model of “5G real-time monitoring, artificial intelligence-assisted diagnosis, cloud platform online diagnosis and treatment, and chronic disease tracking management”; the first batch of the country and the only new 5G infrastructure in the Yangtze River Delta region Collaborative project-Suzhou 5G Internet of Vehicles city-level verification and application, will achieve more than 200,000 connected users and 150 application scenarios… In addition, according to the relevant person in charge, in order to support the transformation of industrial informatization, Jiangsu Mobile established the DICT Ecological Alliance in December 2020 and launched the “9 one platform” plan including smart cities, industrial Internet, smart healthcare, smart education, etc. , To provide partners with one-stop technical support based on 5G private network services such as the Internet of Things, big data, blockchain, and cloud computing. Among them, the “Nanjing Jiangbei New Area Kunpeng Digital Platform” based on the OneCity smart city platform was successfully selected as one of the top ten model projects for China Mobile’s new smart city. In Jiangsu’s transformation with digital intelligence as the means and economic transformation and upgrading as the goal, the Jiangsu 5G Industry Alliance has contributed a lot. As the chairman unit, Jiangsu Mobile makes full use of its own network and resource advantages to create a new digital intelligence ecosystem with industry partners. It is reported that at present, the member units of the industry alliance have reached 626, covering the upstream and downstream of the 5G industry chain, including industrial Internet, transportation, medical care, education and other industries. What’s more gratifying is that, with the support of the industry alliance, Jiangsu won 23 awards in the national finals of the 2020 (third) “Bloom Cup” 5G Application Contest, of which Jiangsu Mobile accounted for 18, ranking the top in all provinces. Create inclusive and shared communication and information services In April 2020, the National Development and Reform Commission and the Ministry of Transport issued the “Higher Quality Integrated Development Plan for Transportation in the Yangtze River Delta”, which proposed to focus on the Shanghai metropolitan area and the Nanjing, Hangzhou, Hefei, Suzhou, Wuxi, and Ningbo metropolitan areas. Inter-city railways, urban rail transit, and urban expressways are the backbone to create a one-hour commuter circle in the metropolitan area. The emergence of the mobile blue card just caters to this traffic development trend. The reporter learned that China Mobile has launched a small blue card public transport card service, combined with the mobile phone’s NFC function, and loaded the transportation card application into the SIM card. The mobile phone can be swiped even if the phone is out of power or black. It can be used in Beijing, Guangzhou, Hangzhou, and the entire Jiangsu province. It is used in more than 300 cities across the country, and the success rate of credit card swiping in the Yangtze River Delta (Jiangsu, Zhejiang, Shanghai and Anhui) is 100%. Not only that, in the field of transportation hubs, China Mobile has achieved full coverage of metro lines in the entire province of Jiangsu, covering 20 metro lines in Nanjing, Suzhou, Wuxi, Changzhou, Xuzhou and other cities. At the same time, China Mobile 5G has covered 57 There are a large passenger flow high-speed railway station, as well as 54 high-speed toll stations and service areas, the entire Shanghai-Nanjing Expressway, key bus stations, and airports. Layout the new carrier of the digital economy in the Yangtze River Delta According to reports, in order to accelerate the full penetration of mobile communication technology from the consumer side to the production side, and to promote digital intelligence technology to empower thousands of industries, China Mobile is empowering the information hub of the Yangtze River Delta and the research and development innovation highland, creating a new carrier for the digital economy in Jiangsu. Promote the construction and operation of data centers. At present, China Mobile Yangtze River Delta (Nanjing) Data Center, China Mobile Yangtze River Delta (Suzhou) Data Center, and China Mobile (Wuxi) Data Center have all passed IDC computer room rating and have been awarded the title of China Mobile’s 2020 “Diamond Five-Star Data Center” . “These data centers are used as computing power and data bearing platforms to realize the security control of the entire chain of data collection, transmission, storage, and use, and build a more comprehensive, higher-quality, and more valuable big data service system from people and things. , Which can provide users in the Yangtze River Delta with professional, stable, and customized cloud computing services, and help the integrated and high-quality development of the Yangtze River Delta.” said Jiangsu Mobile staff. In addition, in order to optimize the layout of scientific research, face the front line of technology and the market, explore the establishment of new R&D institutions, in terms of systematically promoting innovation, in order to implement the national innovation-driven development strategy, China Mobile has deployed scientific and technological innovation R&D carriers in the Yangtze River Delta region and integrated into the national New District-Nanjing Jiangbei New District master plan, the establishment of China Mobile Yangtze River Delta (Nanjing) Science and Technology Innovation Center, China Mobile Zijin (Jiangsu) Innovation Research Institute, together with Southeast University, Zijinshan Laboratory and other key universities and research institutes, fully integrate Jiangsu The provincial scientific and technological innovation resource advantage, organize and promote the Internet of Things, cloud computing, big data, blockchain and other technology research and product application development, and accelerate the cultivation of core competitiveness.

In order to actively respond to the national strategy, in Jiangsu, China Mobile established the Yangtze River Delta 5G Innovation Development Industry Alliance, China Mobile Yangtze River Delta (Nanjing) Science and Technology Innovation Center, China Mobile Zijin (Jiangsu) Innovation Research Institute, and reached a strategic cooperation with Southeast University. Co-build joint innovation centers, joint laboratories, etc., to build agile and accessible network facilities for the Yangtze River Delta. Recently, during the “Mobile Strong Innovation 5G Helps Growth” Jiangsu Regional Tour, the reporter walked into the Jiangsu Mobile Network Management Center and the China Mobile 5G Joint Innovation Center at Southeast University for a physical visit experience and felt that Jiangsu Mobile is a 5G network in the Yangtze River Delta Efforts made by construction. Improve 5G network application experience in many ways It is reported that Jiangsu Mobile took the lead and successfully explored the 5G C-RAN networking experience, which was eventually replicated across the country. At present, Jiangsu Mobile has the highest proportion of C-RAN in the country and is highly representative. “5G C-RAN networking can save rent by saving 20% ​​of building 5-band and 4-baseband boards to reduce the number of computer rooms. C-RAN accounts for more than 90% and saves more than 700 million yuan in investment.” The on-site staff said. Not only that, Jiangsu Mobile is also researching low-cost solutions to help the development of 5G vertical industries, and building a wireless cloud small station test network with Zijinshan Laboratory, China Mobile Research Institute, and China Mobile Design Institute, smart-simplified offloading, and base stations with lightweight edge computing Ability to help ToB industry private network price reduction and rapid deployment. It is understood that the Jiangsu company of this project opened the world’s first 2.6GHz 5G O-RAN SA independent networking base station as early as November 2019. A lot of work has been done in the standardization of relevant requirements for wireless cloud small stations and the performance testing of existing networks. It has also formed a joint research team with relevant R&D units, which has achieved initial results. In terms of network application, the “5G+AI Quality Inspection Demonstration Workshop” jointly created by Changzhou Mobile and Jingyan Technology is the first billion-dollar 5G+ smart factory project in Jiangsu Province. 5G+MEC private network is deployed in Jingyan Technology’s production workshop. The 5G+AI quality inspection method transforms the original manual quality inspection into machine quality inspection, realizes the digital upgrade of the industry, saves production costs, and improves the production efficiency of enterprises. The reporter learned that Jingyan Technology mainly provides high-complexity core components for the 3C electronics and automotive fields. As a labor-intensive enterprise, before the introduction of AI quality inspection, nearly 60% of Jingyan Technology’s manpower was used for product quality inspection. , For a long time, there have been difficulties such as high job mobility and low work efficiency of quality inspection workers. Now, the multi-angle high-speed camera on the AI ​​quality inspection equipment can continuously take high-definition pictures of products, and pass them back to the cloud through the mobile 5G private network for AI recognition, and a precision product can be completed in 1-2 seconds. Defect detection. In addition, the 5G+AI quality inspection has greatly reduced the detection error rate caused by manual quality inspection, and has also played a positive role in improving the production efficiency of the enterprise. “Through nearly a year of construction and deployment, there are now 22 quality inspection machines in the Jingyan technology workshop, and the workload is equivalent to nearly 300 quality inspection workers. According to the average cost of 100,000 yuan per person per year, nearly 30 million yuan has been saved. Labor cost.” Pan Zhengyi, CEO of Changzhou Weiyi Intelligent Manufacturing Technology Co., Ltd., who participated in this project, introduced. At the same time, Changzhou Mobile also cooperated with the Zhonglou District Government of Changzhou City and Changzhou Weiyi Intelligent Manufacturing Technology Co., Ltd. to create a 5G industrial big data cloud platform, which will analyze the quality inspection data of Jingyan Technology for big data, calculate the product test results, and combine them simultaneously. Intensify the production process, guide and optimize the production plan, empower the production efficiency of the enterprise, and reduce the loss. In addition, due to Jingyan Technology’s higher requirements for 5G network uplink bandwidth, Changzhou Mobile Innovation piloted 4.9G 3U1D large uplink technology in Jingyan Technology Workshop. After successful application, the peak uplink rate reached 700Mbps, and the average uplink rate was about 560Mbps. At present, Changzhou Mobile is deploying 2.6G+4.9G uplink CA at Jingyan Technology to further increase the bandwidth requirements of industry applications. In addition, Changzhou Mobile has effectively reduced the end-to-end delay of Jingyan Technology’s 5G network by applying new technologies such as uplink pre-scheduling, SA DRX, and SR scheduling. In terms of resource scheduling, Changzhou Mobile is deploying 2.6G+4.9G uplink CA at Jingyan Technology. The resource allocation mode can be flexibly selected according to the actual needs of the workshop site, and the resource allocation ratio can be set, and different scheduling priorities can be set to the corresponding slice +5QI. This will further improve the download rate and user experience of Jingyan technology private network users. It is worth mentioning that in terms of energy conservation, Jiangsu Mobile responded to the national “carbon neutral” initiative and took the lead in energy-saving research and development, building a “green network”, and co-developing a network-level smart energy-saving platform with the research institute. The current energy-saving level is at Leading the country, and has formed the first case of large-scale cell access in China. Join hands with Southeast University to strengthen network technology innovation On January 19th, China Mobile Communications Group Co., Ltd. and Southeast University held a strategic cooperation agreement signing ceremony in Nanjing. The two parties will give full play to their respective technological advantages, talent advantages, and resource advantages, and carry out extensive cooperation on technological innovation and talent training. , To jointly create a new model of industry-university cooperation. In this event, we also learned that the two sides have achieved good results in research on ultra-large-scale antennas, D-MIMO, and millimeter waves for 6G and Dongda. As we all know, commercial 5G indoor sub-systems increase capacity by densely deploying low-power multi-antenna small stations. However, due to the problem of multi-cell interference, it is difficult to further increase the capacity with the traditional cell splitting and co-cell implementation methods. On the infrastructure of the existing commercial indoor distribution system, multiple small stations are coordinated to form a large-scale distributed MIMO, which can not only avoid interference, but also significantly increase the system capacity. According to Wang Dongming, professor of Southeast University and deputy head of the expert group of the 6G Technology Promotion Group of the Ministry of Industry and Information Technology, currently, the 5G-863 major project led by the State Key Laboratory of Mobile Communications of Southeast University has constructed the industry’s largest 128-antenna large-scale distributed MIMO test System, third-party test results show that the spectrum efficiency can reach 100bit/s/Hz. “At present, Southeast University and Jiangsu Mobile have cooperated and explored a complete solution for commercial indoor distribution systems to achieve distributed cooperative MIMO based on the wireless cloud network architecture, and have carried out experimental verification. On the basis of large-scale distributed MIMO, it has broken the traditional cellular Architecture and cell splitting thinking, using distributed and scalable collaborative transmission algorithms to form a cellular-free wireless access network, has been proven to further improve the spectrum efficiency of wireless communication systems, and is also regarded as a key to 6G Technology.” Wang Dongming said. In addition, Professor Wang Wenjin from the State Key Laboratory of Mobile Communications of Southeast University pointed out: “Compared with the existing 5G massive MIMO technology, the ultra-massive MIMO technology further increases the base station side antenna elements and radio frequency channels to deeply tap the potential of the wireless communication space dimension. Significantly improve spectrum efficiency and power efficiency.” In order to explore and analyze the characteristics of ultra-large-scale MIMO channels, and verify the key transmission technologies of ultra-large-scale MIMO in typical actual scenarios, leading the original innovation of key technologies in this field, the Key Laboratory of Mobile Communications of Southeast University takes the lead, and Jiangsu Mobile cooperates with joint explorations. Nanjing Jiangning Wireless Valley has constructed the world’s largest ultra-large-scale MIMO field experiment system. “The experimental system is driven by 128 radio frequency channels with 1024 antenna elements, and the horizontal array width is up to 7 meters in a typical frequency band. This experimental system will help my country’s B5G backward evolution of the ultra-large-scale MIMO technology pre-research and maintain my country’s mobile communications First-mover advantage in technology.” Talking about the next plan, the two parties stated that in the next step, China Mobile and Southeast University will jointly build a “joint innovation center”, “new network networking technology joint laboratory”, and “future medical and health technology joint laboratory” to create multi-field scientific research. The cooperation platform adds luster to the innovation of network construction in the Yangtze River Delta region.

Ms. Tuong Nguyen – Director of the Center for VIB Card Operations and Strategy received the honor trophy of the 2021 Leading Bank in Innovation and Creativity from the representative of Mastercard. Online Plus 2in1 is a card that integrates both credit cards and international payment cards on one card with super preferential treatment for online transactions and Grab app transactions up to 43 million VND / year. The card is designed for all types of customers regardless of credit history or not. VIB Online Plus 2in1 integrates 2 different card numbers for credit cards and international payment cards in one card, convenient for storage and payment. All transactions only need one card, one touch, one click. At the same time, the card can automatically connect to the system of major online shopping partners like Grab to earn points for all cardholders’ consumption with 20 times more points than normal Grab transactions. . Customers will have an Online Plus 2in1 card to use after only 30 minutes to register completely online, even on weekends with a “three no” experience: no need to go to the transaction counter, no need to prove income and no Have to wait to use the card. Anyone can be the owner of VIB Online Plus 2in1 Just be 18 years old, users can immediately own an Online Plus 2in1 card and enjoy up to 43 million VND incentives when spending online and at Grab app without proof of income, no credit history. use … For customers who are eligible for credit, customers can immediately use the features of both credit cards and payment cards. Payment incentives such as points, discounts, and refunds will then be activated immediately. Cardholders can also make free withdrawals at all ATMs nationwide. For customers who are not eligible for the credit, they can open an Online Plus 2in1 card to use the features of the debit card first and foremost, with similar offers. After a period of using and spending the card, VIB will automatically increase the credit limit for cardholders when they are eligible for credit so that they can use both credit and payment features. Encourage customers to spend via card instead of cash In addition to the promotion of tens of million VND for Grab services, Online Plus 2in1 card is also the starting point of a series of attractive incentives for cardholders, including 20 times multiplier for all Grab spending, 100% refund. Annual fee, 100% refund of the first transaction on Grab app, international roaming data gift, mobile phone insurance gift and e-commerce shopping insurance with credit card. With a debit card, Online Plus 2in1 cardholders are free for card issuance, first year card transaction fees, first year overseas foreign currency transaction fees and a comprehensive insurance package including cardholder identity insurance, online shopping insurance and service insurance via ATM. VIB has a comprehensive consumer ecosystem, combining 0% discount, cashback and installment offers with leading partners to bring incentives for all of customers’ common expenses.

In the midday of April 23, the “A-share first-quarter performance pre-increasing king” Hotview Bio once again rose by the daily limit, the stock price reported 174.13 yuan per share, and the total market value exceeded 10 billion yuan. In the past 9 trading days, there were 6 daily limits, and the stock price has increased by more than 3 times since April.

As the king of pre-increasing A-share performance in the first quarter, Rejing Bio realized a net profit of 660 million yuan attributable to the parent in the first quarter, a year-on-year increase of about 1,200 times. Regarding the reasons for the pre-increasing performance, Hotview Bio issued an announcement stating that the company’s two new coronavirus antigen detection kits have been certified by the German Federal Institute of Medicines and Medical Devices and can be sold in German supermarkets and pharmacies. Affected by the performance forecast, from April 12th to April 19th, Hotview Biotech gained 5 daily limit on 6 trading days.

It is worth noting that the company’s major shareholders violated regulations to reduce their holdings after the stock price of Hotview Biotechnology soared. Rejing Bio announced that in October 2020, shareholders of Fortune Group announced that three companies will reduce their holdings, and the reduction plan will expire on April 9. During the period, a total of 4.57 million shares were reduced, accounting for 7% of the company’s total share capital. The price of the reduction is maintained at around 40 yuan, and the amount of the reduction is 194 million yuan.

After the expiration of the shareholding reduction, the three Dachen companies are still reducing their shareholdings. Rejing Bio issued an announcement on this matter, stating that due to the negligence of the staff to reduce the shareholding procedures, the three companies of Dachen Group reduced their holdings of 1.368 million shares through a centralized bidding transaction, accounting for 2.2% of the company’s total share capital, and 2.2% after the stock price soared. The reduction in holdings is also close to 100 million yuan. (Text | AI Finance and Economics Zhu Quanhong)

At the beginning of 2021, Beijing Institute of Fashion Technology and Chaoyang District People’s Government signed a strategic cooperation agreement. The two sides started cooperation in four major areas. The establishment of this innovation center is a major landing project after the signing of the strategic cooperation agreement. The center brings together the tripartite forces of government, school and enterprise. It will be operated by a team formed by Beijing Institute of Fashion Technology and Dishang Group. The core function and construction goal is to incubate new consumer brands to guide fashion trends, promote outstanding local Chinese new designers and pioneering design forces, and jointly promote The development of the fashion industry contributes to the construction of Chaoyang Fashion City and serves the construction of Beijing’s international fashion consumption center city.

Relevant leaders, guests and professional colleges, designers, professional market representatives, and business representatives from Chaoyang District, Beijing Institute of Fashion Technology, and Dishang Group attended the launching ceremony of the day to jointly design BIFT DESIGN for Beifu. Opened and unveiled. At the event site, Beifu Innovation Park and Dishang Group signed a cooperation agreement. Many well-known designers conducted in-depth discussions and exchanges on “realizing the transformation of fashion design achievements, promoting the consumption upgrade of Wangjing Xiaojie, creating a new consumer brand in Chaoyang, and helping the construction of Beijing’s international fashion consumption center”. During the event, a Beifu design exhibition full of designers’ agile creativity was also held.

The relevant person in charge of the Innovation Center introduced that the center’s landing in Chaoyang, a cultural consumption area, has received strong support from the relevant departments of the Chaoyang District government and the power of the fashion industry. During the “14th Five-Year Plan” period, Chaoyang District formulated a number of policies to form a joint policy to support the development of the fashion industry. The center will integrate the outstanding design power of Beijing Institute of Fashion Technology with the profound industrial strength of Dishang Group, focusing on fashion product design, fashion achievement transformation, and fashion event organization, and build an open and shared fashion innovation industry platform to provide emerging design talents Broad stage, transform and promote the achievements of fashion innovation, build a landmark carrier and operating base for the international fashion industry that integrates creativity, culture and modern service economy, actively participate in the construction of Beijing’s international fashion consumption center city, and help Chinese fashion go to the world.

Beijing Institute of Fashion Technology is a high-level university with a clear functional positioning for serving the capital of Beijing, serving the construction of Beijing’s fashion culture and the development of fashion and cultural creative industries. Founded more than 60 years ago, based on the development of textile and apparel, fashion and cultural and creative industries, it has formed distinctive features and unique advantages, and has gathered abundant fashion talents, education, scientific research, information and other resources. Deshang Group is committed to transforming the traditional clothing industry with new technologies such as big data and the Internet. It is a national demonstration base for innovation and innovation and a national industrial design center. Premier Li Keqiang said during his inspection of the company that “gold mines have been dug in traditional industries.” , “Old trees send new branches.” BIFT DESIGN, jointly created by the government, universities, and enterprises, will focus on exporting professional design with design, culture, and fashion resources to the society.

BIFT DESIGN is located on the sixth floor of Building B, Times Center, Wangjing Street, Chaoyang District, Beijing, with a total area of ​​about 1,000 square meters. The space function is mainly divided into Beifu innovative design area, fashionable living room, advanced customization center, designer studio, etc. Among them, Wangjing Xiaojie Vanke Times Center Building B on the sixth floor focuses on the construction of Beifu Design Dishang creative fashion space, Wangjing Xiaojie shopping pavilion 13, 14 will be built into a Beifu design shop, dedicated to gathering, selecting, and cultivating high-quality Originally designed products, innovative “fashion release, see and buy” fashion consumption chain, gather trendy people, detonate fashion selling points and establish an innovative fashion consumption model.

At present, the center has exhibited more than 100 works by dozens of designers such as Chen Yehuai and Guo Ruiping. Through the works of fashion masters, emerging designers, and new designers, the center has given the space a fashion culture atmosphere and attracted fashion groups from all over the world. The Haute Couture Center will customize exclusive clothing for individuals, enterprises and governments, enhance the public’s fashion taste, spread modern fashion concepts, lead high-end fashion consumption trends, and create a vibrant, healthy and upward fashion city. On the day of the center’s operation, many guests experienced on-site tailor-made advanced customization services and spoke highly of them.

Beifu Design Store will provide a high-quality practice platform for school students. At the same time, it will also actively commit to colleges and enterprises to transform resources and promote the transformation of fashion achievements. At present, more than 10 alumni brands such as SOLKCATT, TRYNACRUSH and original works of current students have landed here, including clothing, accessories and pure art works, reflecting the new generation of design power of Beifu in a younger and more interesting form, which is the structure of the fashion industry. The upgrade continues to inject new vitality.

“OTE” received millions of yuan in angel round financing. The new and existing shareholders jointly participated in the small appliance brand ote OTE (hereinafter referred to as OTE). Recently, the multi-million yuan angel round of financing was completed by Hanergy Capital and Huakai Assets ( Chuanhua Holdings) Joint Investment, Weitou Innovation and Jinghe Capital acted as financial advisors for this round. This round of financing will be used for brand building, product research and development, team building, supply chain improvement, marketing and channel construction, etc. OTE once completed a seed round of financing led by Weitou Innovation in the second half of 2020.

Whale standard display: OTE OTE was established in February 2019. It is an aesthetic small appliance brand operator. It faces new middle-class users. It focuses on high-quality, high-value and affordable prices. It hopes to use small appliances for a better life as a carrier. Users convey the life philosophy of “every moment, enjoy life”, and are committed to creating an IP-based family series of aesthetic small home appliances brands for billions of new middle-class consumer groups.

“Modou Technology” completed the Pre-A round of 5 million financing and was chased by angel investors. Recently, Guangzhou Modou Information Technology Co., Ltd. (hereinafter referred to as “Modou Technology”) has completed the 5 million yuan Pre-A round of financing in early 2021. This round is pursued by its angel investors. This round of financing will be used for product development and marketing.

Whale Standard Display: Modou Information Technology Co., Ltd. was established in March 2018. It is an innovative technology company that uses Internet and Internet of Things technologies to improve labor efficiency in the construction industry.

“Avocado Technology” completed tens of millions of Pre-A rounds of financing, and Shunwei Capital led the investment. Recently, “Avocado Technology”, a SaaS service provider that provides intelligent solutions for large-scale recruitment, completed tens of millions of yuan in October last year. In the Pre-A round of financing, Shunwei Capital led the investment, and the old shareholders Sequoia China, Jinshajiang Venture Capital, and Qiji Ventures followed up. The amount of this round of financing will be used to invest in product development and sales team system construction. dvd.com.cn/china.org/cn/index.php?==========================================================================================================================================================================================================================2

Whale Standard Display: Avocado Technology was established in August 2019. It is an intelligent recruitment service provider dedicated to providing users with intelligent recruitment services based on artificial intelligence to improve the interview process and human resource evaluation.

“Yingke Cloud” completed a multi-million RMB angel round of financing. Ruma Capital led the investment. Recently, the digital marketing solution service provider Yingke Cloud completed a multi-million RMB angel round of financing. The investors are Ruma Capital (leading investment), Huawan Zhongmu.

Whale Standard Display: Established in March 2020, Ercheng Technology is a full-link digital intelligent marketing cloud platform provider. Its “Yingke Cloud” marketing platform matrix includes “ABM Jike Cloud + PRM Partner Cloud + CEM Experience Cloud” The three major products, with business + data as the core capabilities, help companies establish a closed loop from marketing and sales to partner distributors and end users through multi-channel integration, multi-marketing scenario services, user and product data insight analysis, and automated marketing engine drive. Channels help companies reduce customer acquisition costs, speed up transaction conversion, and improve channel dealer effectiveness.

“Bianmei Diary” completed tens of millions of yuan in Pre-A round of financing, Ceyuan Ventures led the investment Recently, Bianmei Diary completed tens of millions of yuan in Pre-A round of financing, led by Ceyuan Ventures, and Lingbo Capital served Exclusive financial advisor. This round of financing will be mainly used to build a private domain system and deepen the supply chain system.

Whale Standard Display: Founded in April 2020, Bianmei Diary is a medical beauty live broadcast e-commerce company. The company combines medical beauty institutions, anchors, and doctors to form an industrial chain, and promotes the conversion rate of medical beauty projects in the form of live broadcast. Operate in the mode of receiving live broadcast sharing.

“Xingyun Zhilian” completed hundreds of millions of yuan in financing, and Hillhouse Ventures led the investment. It is reported that Zhuhai Xingyun Zhilian (hereinafter referred to as Nebulas Zhilian) announced the completion of hundreds of millions of yuan in angel round financing, led by Hillhouse Ventures (GL Ventures), CDH VGC (CDH Innovation and Growth Fund) and Walden International China Fund participated in the investment.

Whale Standard Display: Nebulas Zhilian was established in March 2021. It is a DPU chip developer. It focuses on the research and development of basic interconnection communication architecture and chips in the data center field. It can provide users with smart network card chips and DPU chip products.

“Vomma Technology” received tens of millions of Pre-A round of financing, Atomic Ventures has exclusive investment. Recently, “VOMMA” (VOMMA), a provider of 3D machine inspection solutions for light field cameras, has completed a Pre-A round of investment, and the amount has reached Ten million levels. This financing was exclusively invested by Atomic Ventures. Li Haotian, CEO and co-founder of Yimu Technology, said that this round of financing will be used to increase R&D investment, team building, and procurement and construction of production equipment.

Whale standard display: YiMu Technology was established in July 2019. It is a manufacturer of industrial light field 3D cameras. Through bionic insect compound eye imaging, tiny compound eye sensors are precisely packaged into a 3D light field camera, which can be applied to 3D defects and 3D dimensions. Fast and precise inspection field.

“Keao Information” completed the Pre-A round of financing, with the participation of new and existing shareholders. Recently, Guangzhou Keao Information Technology Co., Ltd. (hereinafter referred to as: “Keau Information”) has completed the Pre-A round of financing. This round of financing is jointly invested by Zhongguang Investment and Lihua Investment, and will be used for platform system research and development upgrade, curriculum product research and development, market promotion and brand building.

Whale Standard Display: Keao Information Technology was established in July 2014. It is an academic exchange platform provider, providing AIScholar one-stop academic service platform, digital academic conference management system, AIReviewer intelligent reviewer platform and other platforms, oriented to academic exchanges , Provide a one-stop service system for academic exchanges in the field of higher education project operation.

Image source: Shanghai Stock Exchange official website

In the second round of inquiries on the Science and Technology Innovation Board, the Shanghai Stock Exchange is mainly concerned with the disclosure and verification of company shareholders’ information, R&D expenses and science and technology attributes, legal compliance of overseas subsidiaries, market space and industry development direction, industry policies and trade policies, and customers There are 14 questions in total.

Specifically, the Shanghai Stock Exchange requires Kuaike’s e-sponsor and issuer’s lawyers to verify and explain: (1) Whether there are any stock holdings in the issuer’s historical evolution, and if so, whether it is legally dismissed, whether to verify and disclose the reason for its formation and evolution. Circumstances, dissolution process, whether there are disputes or potential disputes, etc.; (2) Whether the issuer’s disclosure of shareholder information is true, accurate and complete.

Kuaike Electronic Reply: After consulting the issuer’s industrial and commercial registration information, the questionnaire issued by the shareholder, the letter of commitment, the shareholder’s capital contribution or payment certificate, the bank flow of the major shareholder during the reporting period, and the shareholder Fuende Xingyu’s fundraising account collection details and interviews The relevant shareholders of the issuer confirm that there is no proxy holding of shares in the issuer’s history. As of this issuance, the issuer is 48 million yuan, and the issuer has experienced 2 capital increases and 3 equity transfers.

After verification, the issuer’s capital increase and equity transfer in the aforementioned historical evolution did not exist on behalf of stock holdings, and the shares were clear and clear, and there were no disputes or potential disputes.

Regarding the surprise share purchase, the Shanghai Stock Exchange requires the sponsor and the issuer’s lawyers to verify and explain: whether new shareholders have been added through capital increase, share transfer, etc. within 12 months before the declaration; if so, whether to verify and disclose the basics of the new shareholders in the prospectus The circumstances, reasons for the share purchase, share price and pricing basis, whether the new shareholder has an associated relationship with other shareholders, directors, supervisors, and senior management of the issuer, the new shareholder and the intermediary institution of the issuance and its principals, senior management, and economic Whether there is an affiliated relationship between the office staff, whether there is a situation of holding shares on behalf of the new shareholders, etc.

Kuaike Electronic responded that according to the issuer’s industrial and commercial registration information, capital increase agreement, capital contribution or transfer payment voucher, the issuer submitted an application for this issuance and listing to Shanghai in November 2020. Since May 2017, Chengdu Hongtai Yinke will hold Since the issuer’s equity was transferred to Chengdu Fuende Xingyu, the issuer has not changed, that is, no new shareholders have been added in the 12 months before the issuer’s declaration.

After verification, the sponsor and the issuer’s lawyers believe that: the issuer has not added any new shareholders within 12 months before the declaration.

Regarding the abnormal share price, the SSE requires the sponsor and the issuer’s lawyers to verify and explain: (1) The background and reasons for the shareholder’s shareholding, form of shareholding, source of funds, payment method, share price and pricing basis; (2) Historical evolution of the issuer Whether there is an obvious abnormality in the shareholder’s share price; (3) If so, please follow the fourth and fifth provisions of the “Guidelines for the Application of Supervisory Rules-Information Disclosure of Shareholders of Companies Applying for Initial Listings” (hereinafter referred to as the “Guidelines”). The specific circumstances of the thorough inspection; (4) If no, please explain the sufficient reasons and objective basis for determining that the share price is fair.

Kuaike Electronic responded that the background and reasons for the previous shareholder’s share purchases in the history of the issuer are reasonable, and the share price is fair and there is no obvious abnormality.

Regarding R&D expenses and technological innovation attributes, the Shanghai Stock Exchange requires the issuer to explain: the reason and rationality of the issuer’s R&D expenses and the proportion of revenues that are quite different from those of the same industry; the reason for the rapid increase in the number of R&D projects during the reporting period, and the R&D expenses of each project According to the latest audit report, state the issuer’s total R&D investment in 2018-2020 and the proportion of its operating income, and whether the issuer’s indicators still meet the relevant indicators of the “Science Innovation Attribute Evaluation Guidelines (Trial)” Request etc.

Kuaike Electronics responded that during the reporting period, with the continuous innovation of photovoltaic module technology and the application of high-efficiency and high-power panels, in order to ensure the company’s product competitiveness and product performance to meet the needs of module customers, the company needs to maintain product upgrades and forward-looking research Continuous investment has increased R&D investment year by year. During the reporting period, the company’s R&D expense ratio was higher than that of companies in the same industry, mainly due to the following:

(1) The product structure is different. According to publicly disclosed data by companies in the same industry, the main products of companies in the same industry are photovoltaic junction boxes. The company is committed to the research and development and production of bypass protection and connection integrated products. In addition to junction boxes, the main products also include component connection core components photovoltaics Connectors, in order to ensure the safe and stable connection of photovoltaic modules, it is necessary to keep the product performance of the photovoltaic junction box and the connector improved simultaneously, so there are more R&D projects involved and higher R&D investment;

(2) The direction and scope of research and development are broader. In addition to the general-purpose junction box and connector, the company’s research and development focus is earlier involved in the research and development of intelligent junction boxes among domestic companies in the same industry, especially MPPT efficiency optimization and fire shutdown intelligent junction boxes. In addition, the company’s R&D center also actively develops related product research and development, expands the company’s product line, and invests in the research and development of photovoltaic combiner boxes, energy storage connectors, PVT cogeneration and other products, so the research and development expenses are relatively high.

(3) Difference in business scale. In each period of the reporting period, the absolute amount of research and development expenses of Tongling shares was higher than that of the company. The average operating income of Tongling shares and the company from 2018 to 2019 were 792 million yuan and 329 million yuan, respectively. Their revenue scale was significantly higher than that of the company. Its research and development expenses account for a relatively low proportion of revenue.

In each period of the reporting period, the number of R&D projects being implemented by the company are 5, 8, and 14, respectively. The number of R&D projects has increased rapidly, mainly due to the rapid technological upgrading of the photovoltaic industry. The company has continued to increase in order to maintain market competitiveness. Large R&D investment, R&D projects include not only the improvement and upgrading of existing product performance and production process improvements based on market feedback, but also forward-looking research based on judgments on industry development trends, so the number of R&D projects has increased rapidly.

Regarding the properties of science and technology innovation, the cumulative R&D investment in the last three years is 64,384,300 yuan, exceeding 60 million yuan; the cumulative R&D investment in the last three years accounts for 5.54% of the cumulative operating income, which is more than 5%, the total R&D investment and the three-year cumulative R&D investment The proportion of cumulative operating income meets the relevant indicator requirements of the “Guidelines for the Evaluation of Attributes of Science and Technology Innovation (Trial)”.

As of the date of issuance of this reply, the issuer and its subsidiaries have obtained 10 invention patents, of which 8 are related to the main business, which are used in the company’s daily business activities and form main business income, and the ownership of the patent is clear, and there is no right Restrictions or litigation disputes. The number of invention patents related to the issuer and its main business meets the requirements of the “Guidelines for the Evaluation of Attributes of Science and Technology Innovation (Trial)”.

The issuer’s operating income scale and the compound growth rate of operating income in the last three years meet the requirements of the “Guidelines for the Evaluation of Science and Technology Innovation Attributes (Trial)”.

“Technological innovation” has become a hot topic in the Internet industry. What kind of innovation is the innovation that a technology company should have? Through “China Innovation Company 100”, we try to answer these questions.

Recently, Sohu Technology held the first phase of the “China Innovation Company 100” chip series salon event. Liu Leibo, long-term professor of Tsinghua University and distinguished professor of Changjiang Scholars, Wu Youwen, vice president of Wingtech Technology, and Zhao Zhanxiang, partner and chief technology officer of Yunxiu Capital, discussed the new opportunities for domestic substitution under the global core shortage. This article is a wonderful view shared by Zhao Zhanxiang at the salon.

Zhao Zhanxiang, partner and chief technology officer of Yunxiu Capital, participated in the online salon discussion

Produced | Sohu Technology

Author | Liang Changjun

Edit | Yang Jin

Under the global core shortage, the domestic semiconductor primary market is still hot. Recently, at the first phase of the “China Innovative Company 100” chip series salon held by Sohu Technology, Zhao Zhanxiang, partner and chief technology officer of Yunxiu Capital, mentioned that in the past two years, investment institutions have begun to look at semiconductors, and many are rushing to pre- -IPO projects, but some institutions are not pure investment, but are highly speculative.

This wave of intensified core shortages does not seem to affect the market’s pursuit of semiconductors, but the impact on enterprises is real. Zhao Zhanxiang said that compared with the shortage of memory chips in 2016 and 2017, this time there is a shortage of cores in the entire industry, which is relatively rare, and has a different impact on each link in the industry chain.

For terminal manufacturers, relying too much on a certain supplier may be affected to a certain extent; design companies and Foundry (chip foundries) with production capacity or stocks on hand can adjust their product structure and prioritize production of high profitable ones. Products, earn more money; some start-up companies are expected to get the opportunity to enter the supply chain of major customers; the most influential companies are those that have no capacity before and want to take capacity temporarily.

For investment institutions, in addition to listing, mergers and acquisitions are also an important exit path, but the current domestic semiconductor mergers and acquisitions are not active. Zhao Zhanxiang believes that in a few years, the number of mergers and acquisitions by Chinese semiconductor companies will be very large, and the scale will gradually increase. Now there are three or four thousand domestic chip companies, and it is expected that in 10 years, there will be more than 50 companies with a market value of more than tens of billions. US dollars, in which many mergers and acquisitions will occur.

Different types of companies have different merger strategies. He said that mergers and acquisitions of digital chip companies are often for the deployment of new products or next-generation technologies-taking time to do it yourself, it is easy to miss the time window, and it is better to acquire start-up companies that have done better. M&As of analog chip companies are more to expand product lines. The more products and the more complete they are, the easier it is to be favored by customers, but a company often cannot do it all by itself.

In the salon exchange, Zhao Zhanxiang also shared his views on the core manufacturing of major Internet companies from the perspective of investment. He believes that domestic Internet companies must first solve the business model problem of making cores. Either turn the chip into a product that helps the company make money, or invest in an independent chip company outside and have a certain control over it. These companies can also use their own The platform is growing rapidly, and the latter is a better way.

Regarding the investment opportunities under the domestic substitution, Zhao Zhanxiang said that now semiconductor investment has entered the deep water zone, all the good fruits have been picked, and the rest are difficult to pick. He mentioned that since the beginning of this year, investment institutions are also focusing on areas with deep moats, low localization rates, and large capital needs, such as large chips such as CPUs and GPUs, and EDA.

In addition, IDM-based domestic memory chip manufacturers and third-generation compound semiconductor manufacturers have also raised large amounts of financing this year; automotive sensors, radars, and high-end chips in the industrial field are also very hot, with high thresholds. , Has the ability to expand horizontally in the future.

He also called on the state to have more policy support for chip companies that are willing to sit on the “cold bench”, difficult and long-cycle chip companies, and investment institutions should be more patient and pay attention to more early stage and greater value for China’s innovation. the company.

The following is Zhao Zhanxiang’s sharing record (deleted and sorted out)

Sohu Technology: You have been in contact with many startups. What impact does the current lack of cores have on them?

Zhao Zhanxiang:The impact of the lack of cores on each link of the industry chain, such as terminal manufacturers, intermediary agents, chip design companies, and Foundry (chip foundry), is different. For terminal manufacturers, relying too much on a certain supplier will be affected. For example, a certain chip of a mobile phone manufacturer has always come from one supplier. Suddenly the capacity of this supplier is tight. At this time, it is difficult to transfer to another supplier. Without a long-term cooperative relationship, the other party will not temporarily give you the capacity. .

When I made memory chips myself, it was normal to be out of stock, especially memory chips have a very strong periodicity. For example, in 2016, NAND FLASH (flash memory) was in short supply globally; in 2017, DRAM (memory) chips were in short supply globally, and the price increased seven times. If the agent has gone through this cycle, it can predict the situation of tight production capacity and stock up in advance.

For design companies and Foundry, if it is a company that has production capacity or stocks on hand, it actually hopes that it lacks cores and raises prices, so that its profits will be higher. If there is a relatively stable supply of production capacity, the response to the shortage of cores will be adequate. Although the production capacity cannot be further increased, the proportion of some high-margin products can be expanded. In this way, although the overall sales revenue volume does not grow so fast, the gross profit increases, and the final profit margin will increase.

In addition, under the current situation, large customers are also willing to introduce new suppliers, which is just an opportunity for some start-up companies. But it does have an impact on small, low-capacity companies, and these companies still have to reserve cash for the winter at this point in time. The biggest impact of the lack of core is that companies that did not have production capacity before, and want to temporarily take production capacity, now it is difficult to squeeze production capacity.

Sohu Technology: There were also global core shortages in 2016 and 2017. What is the difference between this time and the previous ones?

Zhao Zhanxiang:The semiconductor industry has been cyclical since its inception, and it is difficult to fundamentally solve the lack of core tide. The core reason is that it takes more than a year for semiconductor production capacity expansion, but demand is increasing rapidly. In 2016, NAND FLASH shifted from 2D technology to 3D technology. 2D production capacity was partially withdrawn and turned to 3D. However, the yield rate of 3D did not increase, resulting in a decrease in market supply, and increased demand for mobile phones and data centers. PC SSD (solid state) Hard drives) have increased in capacity and demand soared. This is the same as the memory shortage in 2017, which is an imbalance between supply and demand.

This time there is a shortage of cores in the entire industry, which has a lot to do with the epidemic and the rapid spread of 5G mobile phones. Market demand has increased and supply cannot keep up. This kind of large-scale core shortage is relatively rare, and companies need to prepare in advance to stock up in advance when there is a sign of core shortage. In addition, the financial strength must be large, and a long-term cooperative relationship with the fab is also required.

Sohu Technology: How do you view the opportunities for domestic substitution from the current shortage of cores? How to treat the current level of localization?

Zhao Zhanxiang:What domestically produced substitutes have to solve is the stuck neck problem. Now the good fruits of the semiconductor industry have been picked, and the rest are more difficult to pick, such as CPU, GPU, DSP, FPGA, and memory chips NAND FLASH, DRAM and other fields with a low localization rate. These localization rates in the next ten years need to exceed 50% or even higher, which is a very difficult task.

Semiconductor manufacturing equipment and materials currently have the greatest impact on the neck. China can now build lithography machines, but it is relatively low-end and can only do 90nm. Once the key materials, key EDA tools used for designing chips, and IP are blocked, it will have an impact on the industry. It is also very large, and it is urgent to realize domestic substitution.

On the other hand, my country’s innovation fields need to be synchronized with the world, such as quantum chips, photonic computing, and new sensors in mobile phones. Now we are faster in the iterative speed of new technologies than abroad, the pace of work is faster, capital investment, human investment are stronger, there are reasons to be more confident in our level of innovation.

Sohu Technology: Semiconductor investment has been very hot since last year. Under the tide of domestic substitution, what are the relatively large investment opportunities?

Zhao Zhanxiang:Yunxiu Capital has been paying attention to the semiconductor industry very early. According to our observations, there were not many investment institutions that looked at semiconductors before 2017. After the ZTE Huawei incident, many institutions began to look at this field. Semiconductors are not only a policy-oriented market, but there is really strong market demand. Large domestic customers used to have only the top three suppliers in the world, but now they also want to supply the domestic supply chain. This is a big market opportunity.

After the establishment of the Sci-tech Innovation Board, semiconductor companies performed very well on the Sci-tech Innovation Board. Although the number of the SCI-Tech Innovation Board accounted for only 15%, the total market value exceeded 30%. Last year, the market value increased by an average of 40%. Due to the popularity of the science and technology innovation board, the amount of investment in the primary market of semiconductors last year exceeded 140 billion yuan, a nearly five-fold increase compared to 2019. Last year’s primary market equity investment enthusiasm was mainly concentrated in Pre-IPO projects, but their valuations are very high, and the return on exit may not be that large. Everyone is going to grab the Pre IPO quota. It is no longer pure investment, but very speculative.

This year, many investment institutions are focusing on areas with deep moats, low localization rates and relatively large capital needs, such as large chips such as GPUs and CPUs, and companies in areas such as EDA software. IDM’s financing this year is also very large. Many domestic memory chip manufacturers and third-generation compound semiconductor manufacturers are all in the IDM model. Subdivision areas have also attracted much attention, such as automotive sensors, radars, and high-end chips in the industrial field. The threshold is very high, and the future has the ability to expand horizontally.

Sohu Technology: For investment institutions, mergers and acquisitions are also an important exit path. What do you think of the M&A trends in China’s semiconductor industry?

Zhao Zhanxiang:Last year, global semiconductor mergers and acquisitions were very hot, and the overall capital estimate exceeded 100 billion U.S. dollars. M&As of overseas giants often lie in their strategic layout. There are not so many domestic mergers and acquisitions, but now there are three or four thousand domestic chip companies. In 10 years, there will be more than 50 companies that will become tens of billions of dollars. There will be many mergers and acquisitions. Integration occurs mainly due to three factors:

First, the market value of leading companies in the industry is relatively high, and they need to install new assets to support their stock prices; second, digital chip companies need to lay out the upstream and downstream industrial chain, and analog chip companies need to increase product lines in order to continue to expand; third , The future liquidity of small market capitalization companies on the Science and Technology Innovation Board may not be so good, and capital withdrawal after listing may not be ideal. It is better to sell to large companies for cash in advance. Therefore, the number of mergers and acquisitions of Chinese semiconductor companies in the future will be very large, and the scale will gradually increase.

Sohu Technology: If domestic chip companies become bigger and stronger, are mergers and acquisitions necessary? What are the differences in M&A strategies for different types of companies?

Zhao Zhanxiang:The threshold of the semiconductor industry is very high. If you do not acquire, you need to do it yourself from scratch, and the time and cost to spend is very high. So now many companies are willing to go overseas mergers and acquisitions, because overseas companies have already accumulated a lot. However, the ultimate goal of the acquisition is either for technology or for the team, but if it cannot be digested, the value of the acquisition will not be that great.

From the perspective of the development of technology companies, it is common for large companies to acquire small companies, but the acquisition strategies of digital chip companies and analog chip companies are different. Digital chip company acquisitions are often for the layout of the next product or next-generation technology. There are many new directions, and it is impossible to invest heavily in research and development for each. Instead of spending four or five years trial and error, it is better to acquire a ready-made company so as not to miss the time window.

Many times analog chip companies merge to expand their product lines. China’s largest analog chip company now has thousands of product lines, and giant companies such as TI and ADI have tens of thousands of product specifications, which is convenient for customer supply chain management and has a great advantage in winning customers. Therefore, for domestic analog chip companies, the future will definitely increase product lines through mergers and acquisitions.

Sohu Technology: From an investment point of view, how do you think about the Internet to make cores? What problems will you face?

Zhao Zhanxiang:Internet companies must first solve the business model problem for core manufacturing. Internet companies may only need hundreds of thousands or millions of chips a year, while the chip industry has technological iterations every year, and the annual investment in new products is high or even doubled. How can Internet manufacturers bear the cost? Strength to feed the chip team? This is difficult commercially.

Foreign Google and Amazon are very successful in making chips. They are not made to digest the chips by themselves and reduce costs, but are strategic layouts. Through self-developed chips, the number of virtual machines supported by a single machine increases, and then the services are sold to cloud computing customers. , To recover the cost of the chip through service.

How do domestic Internet companies recover the cost of making chips through services? Either through business model innovation to turn the chip into a product that helps the company make money, or invest in an external independent chip company to have a certain degree of control over it, and let them grow quickly with their own platform. This is a better way.

Sohu Technology: Do you have any suggestions for promoting the development of China’s chip industry and domestic substitution?

Zhao Zhanxiang:The Sci-tech Innovation Board needs to continue to encourage high-quality loss-making companies to be listed. The development cycle of chips is very long, and it is difficult to generate tens of millions or hundreds of millions of profits in the short term. If these companies are required to make profits before they can go public, everyone is not willing to make difficult chips, but will be short and fast, attracting speculative people. , This is bad for the industry.

The country needs to have some policy inclination for companies that are willing to sit on the “cold bench”, with long cycles and high difficulties. Many institutions now tend to invest in Pre IPO projects for short-term IPOs and exits. This is not very helpful for many innovative companies or companies that really need money. Therefore, I also hope that the exit cycle of investment institutions can be longer and be patient to invest in earlier and earlier, Companies with greater innovation value to China.

The unveiling of key tasks for artificial intelligence industry innovation is an important measure taken by the Ministry of Industry and Information Technology to promote the deep integration of artificial intelligence and the real economy and accelerate the innovative development of my country’s new generation of artificial intelligence industry.

The work was launched at the end of 2018; at the end of 2019, the Ministry of Industry and Information Technology selected 203 unlisted units and potential units; in October 2020, the Ministry of Industry and Information Technology organized the evaluation and acceptance of the unlisted projects.

After on-site inspections, expert evaluations, and third-party professional organization evaluations and other multi-dimensional evaluations, the Ministry of Industry and Information Technology selected 101 winners from the 203 unlisted units.

Yuncong Technology relies on “industry resource training library”The project, after repeated tests and screening, finally stood out from 203 units, withHuawei, Tencent, China Southern Power Grid and other companies were selected as winnersList.

Regarding the goal of unveiling the list of artificial intelligence, the Ministry of Industry and Information Technology has positioned it as follows: “Select a group of innovative entities with key core technologies and strong innovation capabilities, and select leaders and vanguards in the main sub-fields of artificial intelligence. The “in command” working mechanism breaks through the bottleneck of the development of artificial intelligence industry, establishes a benchmark enterprise in the field, cultivates the main force of innovation and development, accelerates the deep integration of my country’s artificial intelligence industry and the real economy, and promotes innovative development.”

As the demand for social transformation accelerates, new technologies such as artificial intelligence have become an important force in accelerating economic development.

Yuncong Technology is committed toHuman-machine collaborationAs the core, accelerate the deep integration of the real economy and technology, and form a closed loop of industry value with the original human-machine collaborative operating system and comprehensive solutions. Setting a benchmark, taking important responsibilities and building a cornerstone, Yun has always been at the forefront of the industry:

As a national platform builder, he has undertaken many major artificial intelligence projects of the Ministry of Industry and Information Technology and the Development and Reform Commission, and undertaken dozens of major special scientific research projects at the national, provincial, and municipal levels, as well as key scientific research institutions;

As early as January 2020, the Ministry of Industry and Information Technology of the People’s Republic of China formally announced the “List of Finalists for the Key Tasks of New Generation Artificial Intelligence Industry Innovation”. Yuncong Technology’s “Intelligent Security Monitoring System Based on Multi-modal Video Information” and “Training Resource Service Platform Based on Face Recognition” were shortlisted for two major projects.

The “Industry Resource Training Library” selected this time is a high-quality artificial intelligence training resource service platform for Yuncong Technology’s key research and development products based on visual recognition technology and applied in finance, security, transportation and other industries;

Including the construction of infrastructure and cloud service platform, the construction of a high-performance artificial intelligence basic resource platform, and the application and promotion of industry users and artificial intelligence small, medium and micro enterprises.

The platform organizes and aggregates computing and communication resources in a networked manner, and can achieve the same powerful performance as a supercomputer in a short time.

The selection of the winning units this time is another major recognition of Yuncong’s leading technology and achievements. For Yuncong, this is an incentive and a driving force for continuous improvement.

Yuncong will live up to the request, continue to focus on human-machine collaboration, break through the development of the artificial intelligence industry, play its role as a “leader and pioneer”, become the main force in the innovation and development of the artificial intelligence industry and accelerate economic transformation, and accelerate my country’s artificial intelligence The industry and the real economy are deeply integrated.

The net profit attributable to Shengxiang Biological and other companies increased by more than 10 times

According to the data disclosed by Wind, among the 261 listed companies on the Sci-tech Innovation Board, 243 companies will achieve profitable net profits in 2020, accounting for about 93.1% of the number of companies on the Sci-tech Innovation Board.

According to Wind data, among the 243 sci-tech innovation board listed companies, 136 companies will achieve attributable net profit of more than 100 million yuan in 2020. Among them, 17 stocks such as Lanqi Technology, Trina Solar, Stone Technology, and Oriental Bio will be realized in 2020. The net profit attributable to over 1 billion yuan. Judging from the data disclosed by Wind, SMIC’s net profit attributable to 2020 will be approximately 4.332 billion yuan, ranking first in science and technology stocks in terms of profit.

The growth rate of attributable net profit is an important indicator to measure the growth and development capabilities of a company. According to Wind data, among the 243 companies listed on the Sci-tech Innovation Board with attributable net profits in 2020, 180 companies’ attributable net profits in 2020 will increase year-on-year. Among them, 29 stocks including Chipsea Technology, Haier Biotechnology, and Kingsoft Office will be The annual attributable net profit doubled year-on-year, and the attributable net profit of the four sci-tech innovation board listed companies of Shengxiang Bio, Shijia Photonics, Oriental Bio, and Zhijiang Bio will increase by more than 10 times in 2020.

The biggest increase is Shengxiang Biology. The data shows that in 2020, the attributable net profit of Shengxiang Bio will be approximately 2.617 billion yuan, a year-on-year increase of over 65 times. The attributable net profit of Shijia Photonics, Oriental Bio, and Zhijiang Bio will be 39 million yuan, 1.688 billion yuan, and 928 million yuan in 2020, respectively, representing a year-on-year increase of 2542.2%, 1956.37%, and 1701.53% respectively. From the perspective of Wind industry, Shengxiang Bio, Oriental Bio, and Zhijiang Bio are all medical and healthcare companies.

Wind statistics show that among the 243 listed companies on the Science and Technology Innovation Board, there are still many stocks that have seen a year-on-year decline in net profit attributable to 2020. Specifically, the net profit attributable to 24 shares in 2020 has declined by more than 30% year-on-year, including Espressif Technology, Minxin, Haohaishengke, etc. The net profit attributable to 5 stocks including Shin Kong Optoelectronics, Sino Medical, Nuohe Zhiyuan, Ruisheng Intelligent, and Tianyi Shangjia will drop by more than 50% in 2020.

The net profit attributable to 14 shares exceeded 100 million yuan

According to Wind data, there are 18 sci-tech innovation board listed companies in a state of loss in 2020 attributable net profits.

Specifically, among the 18 companies listed on the Science and Technology Innovation Board, 14 stocks will have attributable net profit losses exceeding 100 million yuan in 2020, including Qingyun Technology, Frontier Biology, and Zejing Pharmaceuticals.

The data disclosed by Wind shows that among the 18 sci-tech innovation board listed companies that have attributable net profit losses in 2020, Junshi Biologics has the largest amount of losses. The data shows that Junshi Bio will have a net profit loss of approximately 1.669 billion yuan in 2020.

It is understood that Junshi Biotech was listed on July 15, 2020 and is an innovation-driven biopharmaceutical company. Regarding the reason for the performance loss, Junshi Biotech stated that it was mainly because the company’s operating income could not fully cover the continuously increasing R&D investment in research projects and reserve R&D projects. Junshi Bio also stated that the company reserves a number of research projects in the early preclinical research stage, and the company will continue to invest in large-scale research and development in the future to complete preclinical research, clinical trials and preparations for new drugs. The company’s product pipeline research and development business, and the company’s new drug listing application and new drug market promotion will also incur high costs, which may lead to further expansion of the company’s losses.

After Junshi Biologics is Shenzhou Cell, the company’s attributable net profit loss in 2020 is about 713 million yuan.

It is worth mentioning that according to Wind data statistics, among the 18 sci-tech innovation board listed companies that have a net profit loss in 2020, 14 are companies with “U”, accounting for about the proportion of the number of companies with a net profit loss in 2020. 77.78%.

According to the industry to which Wind belongs, among the 18 sci-tech innovation board listed companies that will have a net profit loss in 2020, 9 companies including Junshi Bio, Shenzhou Cell, Biotech, and Kangsino belong to the healthcare industry. Qingyun Technology, Youke Six companies, including Deer, Cambrian, etc., belong to the information technology industry, while three companies, Funeng Technology, Eft, and Yihuatong, belong to the industrial field.

Song Qinghui, a well-known economist, believes that most of the companies with performance losses in the science and technology board stocks are biomedical innovation companies. From the perspective of the general development cycle, the large R&D investment before the product launches, and the situation of sustained losses or even no income in the short term is the inevitable pain for the growth of these companies.

4 shares are now listed for the first loss

It is worth noting that the 4 shares of You Kede, Funeng Technology, Sansheng Guojian, and Youfang Technology will usher in their first losses on the market.

Excluding the companies with “U”, among the 18 sci-tech innovation board listed companies with a net profit loss in 2020, Youqo will have the worst performance. According to the 2020 performance bulletin disclosed by Youkede, in 2020, Youkede realized operating income of approximately 2.466 billion yuan, a year-on-year increase of 62.79%; the corresponding realized net profit loss was approximately 341 million yuan, which turned from profit to loss year-on-year.

It is understood that Ukerde was listed on January 20, 2020. It is a third-party cloud computing service provider and one of the first companies to pass the certification of trusted cloud services. It adopts three modes: public cloud, private cloud, and hybrid cloud. Users provide services. This is also the first loss in the annual report of Ukde since its listing.

Regarding the specific reasons for the company’s 2020 attributable net profit loss, a relevant person of Youkede said in an interview with a reporter from Beijing Business Daily, “We are currently in the silent period of annual reports. The 2020 annual report will be issued on April 27. The matter will be explained in detail”.

In addition to You Kede, Funeng Technology, Sansheng Guojian, and Youfang Technology also experienced their first losses on the market. It is understood that Sansheng Guojian went public on July 22, 2020, and is mainly engaged in the research and development, production and sales of antibody drugs. The performance bulletin shows that Sansheng Guojian will have a net profit loss of about 200 million yuan in 2020. Before listing, 3SBio Group maintained its profitability in its performance. Data show that from 2017 to 2019, the attributable net profit of Sansheng Guojian was approximately 390 million yuan, 370 million yuan, and 230 million yuan, respectively.

Funeng Technology and Youfang Technology were listed on July 17, 2020 and January 23, 2020 respectively. The net profit attributable to Funeng Technology and Youfang Technology in 2020 will be approximately -316 million yuan and -69 million yuan, respectively.

Xu Xiaoheng, an investment and financing expert, said that investors should be cautious in investing in stocks that have “changed their faces” after listing.

Beijing Commercial Daily reporter Liu Fengru

Another family company launched an impact on the A-share market.

Recently, Tangshan Baichuan Intelligent Machine Co., Ltd. (hereinafter referred to as “Baichuan Intelligent”) submitted a prospectus, and plans to be listed on the Science and Technology Innovation Board, with a public offering of no more than 33.4 million shares, accounting for no less than 25% of the total share capital after the issuance.

The IPO Daily found that the equity of Baichuan Intelligent was mainly held by the actual controller, the father and the daughter. The company not only relies on the top five customers for its performance, but is also questioned by the Shanghai Stock Exchange whether it has the attributes of science and technology innovation.

The value of “post-90s”

It is understood that Baichuan Intelligent was established in 1998, funded by Qingyuan Environmental Protection and Liu Jianying.

As of the signing date of the prospectus, Baichuan Zhixin holds 72.09% of the shares of Baichuan Intelligent, Liu Jingyan holds 19.9% ​​of the shares, and Baichuan Zhihui holds 8.01% of the shares.

It needs to be pointed out that Baichuan Zhixin is 100% owned by Liu Jianying, Liu Jianying and Liu Jingyan have a father-daughter relationship.

In other words,Liu Jianying and Liu Jingyan directly and indirectly hold 91.99% of the equity of Baichuan Intelligent and are the actual controllers of Baichuan Intelligent.

In this regard, Baichuan Intelligent said that the company’s operations may be affected due to the relative concentration of the equity structure and the control of the actual controller, and there is a risk of the relative concentration of the equity structure and the actual controller’s control.

In addition, Baichuan Zhihui is the employee stock ownership platform of Baichuan Intelligent.

In other words, Baichuan Intelligent does not have any external shareholders. Relying on its own capabilities, Baichuan Intelligent wants to become a listed company.

In addition, if Baichuan Smart goes public, A-shares will usher in a “post-90s” worth over 100 million yuan.

The prospectus shows that Baichuan Intelligent intends to raise 1.449 billion yuan this time and publicly issue no more than 25% of its shares. Based on this calculation, if Baichuan Intelligent successfully raises funds, its valuation may reach nearly 5.8 billion yuan.

It is reported that Liu Jingyan was born in 1991 and currently does not hold any position in Baichuan Intelligent. After the successful listing of Baichuan Intelligent, Liu Jingyan’s equity ratio in Baichuan Intelligent will be diluted to 14.92%, and the value of the equity held may reach 865 million yuan.

Performance depends on the top five customers

It is understood that Baichuan Intelligent is mainly engaged in the research and development, production and sales of rail transit locomotive and rolling stock inspection and testing equipment, and is committed to providing reliable guarantee for rail transit safety. It is the main rail transit locomotive and rolling stock inspection and testing equipment provider in the industry.

From 2017 to 2019 and from January to March 2020 (hereinafter referred to as the “reporting period”), Baichuan Intelligent realized operating income of 601,265,800 yuan, 722,321,900 yuan, 822.9387 million yuan, and 74,412,200 yuan respectively, and the net profit was returned to the parent after deduction. They were 113,700,900 yuan, 139,666,600 yuan, 20,257,300 yuan, and 19.509 million yuan respectively.

During the above time period, both the revenue and net profit of Baichuan Intelligent have shown a continuous upward trend.

It needs to be pointed out that Baichuan Intelligent can achieve the above-mentioned performance, mainly The top five customers that rely on the company.

According to the prospectus, during the reporting period, the sales revenue generated by Baichuan Intelligent’s top five customers was 457,955,700, 493,907,400, 390,581,800, and 69,134,200, respectively. Respectively accounted for 76.17%, 68.38%, 47.46%, 92.91% of the current operating income.

In this regard, Baichuan Intelligent said that if the industry policy changes in the future, or the operating conditions of major customers undergo adverse changes, resulting in a decrease in customer demand for the company’s products, it will adversely affect the company’s operating results.

In addition to customer concentration, Baichuan Intelligent also relies more on tax incentives.

According to the prospectus, during the reporting period, the total amount of tax incentives obtained by Baichuan Intelligent was 21,780,500 yuan, 2019.94 million, 38,375,800 yuan, and 4,747,100 yuan, respectively, accounting for 15.56%, 24.32%, 14.8%, and 20.97 of the total profit for the period. %. At least 10% of Baichuan Intelligent’s annual profit comes from tax incentives.

In this regard, Baichuan Intelligent said that if there is an adverse change in the national tax preferential policy, it will have an adverse impact on the company’s operating results.

Weak liquidity

Although Baichuan Intelligent is mainly engaged in rail transit, it is an asset-light operating company.

At the same time, during the above time period, the balance of accounts receivable of Baichuan Intelligent was 571.1378 million yuan, 530.336 million yuan, 643.1794 million yuan, and 539.9911 million yuan, respectively, accounting for 39.42%, 37.04%, 38.92%, and 32.68 of the total assets of the current period. %; Inventory balances were 310.7784 million yuan, 328.19945 million yuan, 408.8454 million yuan, and 420.472 million yuan, respectively, accounting for 21.45%, 22.92%, 24.74%, and 25.45% of the total assets of the current period.

In other words, Accounts receivable and inventories are an important part of company assets.

It needs to be pointed out that the IPO Daily found that Baichuan Intelligent’s liquidity of accounts receivable and inventory is weaker than the average value of comparable companies in the same industry.

According to the prospectus, during the reporting period, the accounts receivable turnover rate of Baichuan Intelligent was 0.85, 1.02, 1.13, and 0.1, respectively. The average value of comparable companies in the same industry was 1.47, 1.25, and 1.42; the inventory turnover rate was 1.32, 1.35, 1.29, 0.09, the average values ​​of comparable companies in the same industry are 1.54, 1.5, 1.85, and 0.11 respectively. (Note: The average value of the accounts receivable turnover rate of comparable companies in the same industry of Baichuan Intelligent from January to March 2020 has not been announced)

During the above time period, Baichuan Intelligent’s accounts receivable turnover rate and inventory turnover rate have always been lower than the average value of comparable companies in the same industry.

Asked about the properties of science and technology innovation

The IPO Daily also found that because of the lack of science and technology attributes, Baichuan Intelligent wanted to be listed on the science and technology board this time.

Previously, the China Securities Regulatory Commission issued a science and technology innovation board science and technology innovation attribute evaluation index system. The specific conventional indicators are: the cumulative R&D investment in the last three years accounted for ≥5% of the cumulative operating income in the last three years, and the cumulative R&D investment amount in the last three years ≥6000 Ten thousand yuan, or the invention patents (including national defense patents) that form the main business income ≥ 5 items, etc.

According to the prospectus, during the reporting period, the R&D expenses of Baichuan Intelligent were 43.156 million yuan, 38.098 million yuan, 29.519 million yuan and 47.705 million yuan, respectively, accounting for 7.18%, 5.27%, 3.59%, and 6.41% of the current operating income.

It can be seen that in the above time period, the investment in R&D expenses of Baichuan Intelligent has shown a continuous downward trend. By 2019, its R&D expense ratio is still less than 4%.

At the same time, Baichuan Intelligent has invested a total of 110,774,400 yuan in R&D in the past three years, accounting for 5.16% of operating income, which is only just over 5%.

Look at invention patents again.

It is understood that as of the signing date of the prospectus, Baichuan Intelligent has a total of 7 invention patents, of which 3 have been applied for in 2013 and the remaining 4 have been applied for in 2019. Relying on the 4 new invention patents added in 2019, Baichuan Intelligent has more than 5 invention patents.

What needs to be pointed out is that in the inquiry, the Shanghai Stock Exchange asked Baichuan Intelligent to combine the aforementioned responses, Baichuan Intelligent’s R&D investment and R&D system, etc., to indicate whether Baichuan Intelligent has independent innovation capabilities and whether it possesses the attributes of science and technology.

END

Reporter Deng Haotian

Layout Wang Ying

Edit Wu Mingzhou

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