Ctrip released the “Red Tourism Big Data Report for the First Half of 2021”.Photo courtesy of the interviewee

Ticket bookings for the Red Scenic Area have soared

This year, the red tourism continues to heat up. The Ctrip report shows that in the first half of the year, the number of people booking red scenic spots through Ctrip increased by 208% year-on-year; compared with the first half of 2019, it also achieved a positive growth of 35%.

Fang Zeqian, an industry analyst at Ctrip Tourism Research Institute, said that with the popularization and normalization of patriotic education, red tourism has gradually entered the public eye. Especially the contemporary young groups, the proportion of participating in red tourism is gradually increasing. Narrowing the distance between red tourism and young people is one of the issues of today’s tourism companies. In the first half of the year, Ctrip led tens of millions of people to participate in red tourism through the “Travel in China Red” series of projects. Through the “Red Travel Channel”, “Traveling China Red Album”, and the output of red tourism content, the red tourism coverage has reached more than 200 million people.

Rejuvenation of the red tourism market:

The post-80s and post-90s account for 70%, and the post-00s increase by 2.5 times

The epidemic has changed people’s travel methods and habits, and red tourism has gradually become peripheral. The report shows that nearly 40% of tourists book the surrounding red tourist attractions on Ctrip. In the first half of this year, orders for surrounding red scenic spots increased by 25% over the same period in 2019.

From the perspective of the red tourism customer group, women prefer red tourism, accounting for 52%, which is 4 percentage points higher than that of men. From the perspective of the age of tourists in the red scenic area, the age of red tourism users is mainly born in the 80s and 90s, accounting for 38% and 31% respectively. Compared with the first half of 2019, the number of post-90s has increased by nearly 40%. As the patriotic enthusiasm of young people continues to rise, the number of people participating in red tourism after 00 has also increased significantly. The report shows that in the first half of the year, Ctrip placed orders for red tourist attractions after 00, an increase of about 2.5 times over the same period in 2019. In addition, the report shows that the most popular red tourist attractions for post-90s and post-00s are: Yuelu Mountain, Langya Mountain, Jinggang Mountain, Baiyangdian Lake, and Olympic Park.

At the same time, red tourism with the theme of parent-child patriotic education is becoming more and more popular. The report shows that in the first half of the first half of the red tourist attraction ticket booking group, parent-child families accounted for more than 30%, especially after 1980s with children. Data shows that in the first half of the first half of the year, the number of people born in the 1980s who took their babies to participate in red tourism was more than 4 times that of those born in the 1990s and 1.7 times more than those born in the 70s. South Lake Scenic Area, National Museum of China, Tiananmen Square, Xichang Satellite Launch Center, and Chinese People’s Revolution Military Museum are the five most popular red tourist attractions for families in the first half of the year. Among them, the Xichang Satellite Launch Center is the first batch of “red education bases” in my country, and it is also a good place for summer research and satellite launches

41 domestically listed Chinese companies, 7 overseas listed Chinese companies, and the amount of IPO financing increased month-on-month.

36 Chinese companies are supported by VC/PE institutions, among which domestic listed companies account for 90%

JD Logistics received the highest IPO financing amount this month, and the logistics industry ranked first in financing amount

The number of listed companies in Guangdong Province remains the leading; Beijing and Shanghai have both raised over RMB 10 billion in financing

 The China Securities Regulatory Commission will study and formulate a package of institutional measures to prohibit improper shareholding by resignees from the system to make up for the shortcomings of the system

According to data from Zero2IPO Private Equity, there are 48 Chinese companies in May 2021[1]The number of IPOs completed in various global trading markets increased by 100% year-on-year; the total financing amount was 64.405 billion yuan, and the financing amount increased by 149.5% year-on-year and 17.6% month-on-month. Chinese companies that completed their IPO this month involved 16 primary industries and landed in 7 trading markets. The average IPO financing amount of Chinese companies was 1.342 billion yuan, an increase of 49.4% from the previous month. The highest single financing amount was 20.229 billion yuan. A total of 36 VC/PE-backed companies went public this month, involving 205 institutions, with a VC/PE penetration rate of 75%.

Figure 1 The number of domestic and overseas listings and total financing amount of Chinese companies from May 2020 to May 2021

Source: Private Equity Pass 2021.6 www.pedata.cn

The total financing amount of IPO companies in the top ten in May accounted for 69.1%

The three IPO companies with the largest amount of financing this month are: JD Logistics listed on the main board of the Hong Kong Stock Exchange, raising a total of 20.229 billion yuan; Hehui Optoelectronics listed on the Shanghai Stock Exchange Science and Technology Innovation Board, raising a total of 7.106 billion yuan; The Shanghai Stock Exchange was listed on the Science and Technology Innovation Board and raised a total of 2.901 billion yuan.

Table 1 Top 10 IPO corporate financing in May

Source: Private Equity Pass 2021.6 www.pedata.cn Table 2 Top 10 listed Chinese companies in financing supported by domestic and overseas VC/PE IPOs in May Source: Private Equity Pass 2021.6 www.pedata.cn Registered listed companies accounted for more than 50%, and the amount of overseas listed financing increased month-on-month In May, there were 41 domestic listed Chinese companies, accounting for 85.4% of the number of Chinese companies IPO this month. The initial financing amounted to 39.646 billion yuan, accounting for 61.6% of the total financing for the month. In May 2021, 11 and 14 companies were successfully registered and listed on the Growth Enterprise Market and the Science and Technology Innovation Board, accounting for 52.1% of the total number of listed companies in the month, and initial financing accounted for 31.6%. In May, 4 Chinese concept stocks were listed on the U.S. stocks, with a financing amount of approximately RMB 3.093 billion; 3 companies were listed on the main board of the Hong Kong Stock Exchange, with a financing amount of approximately RMB 21.666 billion. The amount of financing in the U.S. and Hong Kong stock markets both increased from last month. Figure 2 Distribution of domestic and overseas listings of Chinese companies in May 2021 (by listing sector) Source: Private Equity Pass 2021.6 www.pedata.cn Figure 3 The distribution of Chinese companies listing in the domestic market under different IPO systems from May 2020 to May 2021 Source: Private Equity Pass 2021.6 www.pedata.cn Guangdong Province leads the way in the number of IPOs, and Beijing ranks first in terms of financing According to private equity statistics, in May 2021, the number of IPOs in the five provinces and cities of Guangdong, Jiangsu, Shanghai, Zhejiang and Beijing is 5 or more, a total of 32; the initial financing amount plus a total of RMB 50.99 billion, accounting for the country The total amount is nearly 80%. Among them, Guangdong Province leads other provinces in the number of listings of 9 Chinese companies; Beijing and Shanghai have raised financing amounts of more than 10 billion yuan respectively, and Beijing ranked first in the amount of financing raised by Chinese companies listed at 24.988 billion yuan, accounting for about 38.8%. Table 3: Geographical distribution of Chinese companies’ domestic and overseas listings in May 2021 Source: Private Equity Pass 2021.6 www.pedata.cn The May IPO involved 16 industries, with the logistics industry having the highest amount of financing In May 2021, the IPO will involve 16 industries. The number of listed companies in machinery manufacturing, biotechnology/medical health, chemical raw materials and processing industries is 5 or more. In terms of financing, the logistics industry IPO financing was 21.09 billion yuan, accounting for 32.8% of the total financing of Chinese enterprises, ranking first; semiconductor, electronic equipment, and machinery manufacturing industries ranked second and third respectively, with financing amounts exceeding 7 billion. yuan. Figure 45: Industry distribution of the number of IPO companies and financing amount in month 45 Source: Private Equity Pass 2021.6 www.pedata.cn The VC/PE penetration rate of listed companies in May was 75% Among the listed companies this month, 36 Chinese companies were supported by VC/PE institutions, of which 33 were listed domestically, accounting for 91.7%. There are 7 and 13 IPO companies on the ChiNext Board of the Shenzhen Stock Exchange and the Science and Technology Innovation Board of the Shanghai Stock Exchange, respectively, which have received support from VC/PE institutions. The book returns of VC/PE-invested companies listed on domestic listings have dropped. In May 2021, the book return multiples (calculated at issue price) were 1.96 times, a decrease of 27.4% from the previous month and a year-on-year decrease of 35.1%; the book returns of overseas listings in May 2021 increased significantly year-on-year , An increase of 97.21%. Figure 5 Trend of VC/PE-backed IPO penetration from May 2020 to May 2021 Source: Private Equity Pass 2021.6 www.pedata.cn Figure 6 Distribution of book returns of VC/PE supporting IPOs in domestic and overseas markets of Chinese companies from May 2020 to May 2021 (issuance date) Source: Private Equity Pass 2021.6 www.pedata.cn 16 VC/PE institutions have won no less than 2 Chinese IPOs Among the listed companies this month, 36 Chinese companies received support from VC/PE institutions, a decrease of 12.2% from the previous month. Among them, 16 institutions have invested companies with no less than 2 IPOs. The book return of Lieliang Fund in the Waterdrop IPO was as high as 98.26 times. Table 45 Listed in VC/PE Institution Invested Companies (Partial Institutions) Source: Private Equity Pass 2021.6 www.pedata.cn Note: 1. The IPOs listed in the above table refer to companies headquartered in China (excluding Hong Kong, Macao and Taiwan) that are first listed on domestic and foreign stock exchanges within the scope of the statistics in 2021. Companies listed in the second listing and multiple listings are not listed. Included; 2. The investment institution only lists the named shareholders appearing in the prospectus; 3. The book amount is the number of shares held by the institution before the initial issuance of the invested project (excluding the cornerstone wheel/strategic placement) * issue price It is calculated that part of the book value may be biased because the number of shares held before the IPO was not disclosed in the prospectus. The China Securities Regulatory Commission issued the Guidelines for the Supervision of the Shareholding Behavior of Retired Persons from the Securities Regulatory Commission System, clarifying the verification requirements for the participation of the resigned employees The China Securities Regulatory Commission has always attached great importance to the supervision of shareholders of companies to be listed, continuously improved the shareholder supervision system and mechanism, and made great efforts to prevent illegal and illegal “creation of wealth”. In February of this year, the China Securities Regulatory Commission issued the “Guidelines for the Application of Regulatory Rules Regarding Information Disclosure of Shareholders of Listed Companies Applying for Initial Public Offerings”, which strengthened the regulatory constraints on surprise share purchases, abnormal share prices, transfer of interests, and “shadow shareholders”, and compacted the information of companies to be listed. Disclosure responsibility and intermediary agency verification responsibility to guide legal and compliant investment in companies that are to be listed. During the implementation of the system, the China Securities Regulatory Commission insisted on cutting its blade inward, and simultaneously studied and formulated a package of system measures to prohibit improper shareholding by system resignees to make up for the shortcomings of the system. While strengthening anti-corruption supervision and management and improving the independent review system, we have specially formulated and issued the “Guidelines for the Application of Regulatory Rules Issuance No. 2” (hereinafter referred to as the “Guidelines”) to clarify that the retired personnel of the China Securities Regulatory Commission will participate in the public offering and listing or the New Third Board. The verification requirements of selected-tier listed companies highlight the targeted supervision of resigners who fall within the scope of the specification, compact the verification responsibilities of intermediary agencies, and maintain the “three public” order in the market. The “Guidelines” mainly include the following: One is to clarify the circumstances of improper shareholding. The resignation personnel of the CSRC system used the influence of their original position to seek investment opportunities, the process of shareholding has the transfer of interests, the shareholding during the shareholding prohibition period, the shareholding as an unqualified shareholder, the source of the shareholding funds violates laws and regulations, etc., are considered to be improper shareholding. The second is to strengthen the verification responsibilities of intermediary agencies. In the process of verifying shareholder information, intermediary agencies should comprehensively check whether there is a shareholding situation of resigned personnel specified in the Guidelines and determine whether it is an improper shareholding situation. In the case of improper share purchase, it shall be cleared up. When the issuer and the intermediary institution submit the application documents for the issuance and listing (listing), they shall make a special explanation on the relevant verification status of the resigned personnel of the CSRC system. After submitting an application for issuance and listing (listing), if an improper shareholding situation is discovered or a major media question arises, the intermediary institution shall check and report in a timely manner. The third is to strengthen audit supervision and establish an independent review system. Review the issuance and listing (listing) review process involving the participation of departed employees to ensure that the review process is fair, just, and in compliance with laws and regulations. If clues of violations of law and discipline are found, they shall be handed over to relevant departments for handling. Key case analysis of this month: JD Logistics, Hehui Optoelectronics, Electric Wind Power JD Logistics is listed in Hong Kong, and another listed company is added to the JD department On May 28, 2021, JD Logistics officially listed on the Hong Kong Stock Exchange under the stock code of “02618.HK”. It is the second listed company incubated by JD Group. JD Health has been listed on the Hong Kong Stock Exchange before this. The issue price of JD Logistics is HK$40.36 per share per share, and it plans to issue 60,160,800 shares, with a market value of approximately RMB 202.294 billion. On the day of issuance, the closing price was HK$41.7, and the net proceeds from the IPO were approximately HK$24.113 billion. JD Logistics is a technology-driven supply chain solution and logistics service provider under JD. It was born out of JD Group’s self-built logistics. In 2012, it officially registered a logistics company. In 2017, JD Logistics Group was established. On February 16, 2021, JD Logistics submitted a prospectus on the Hong Kong Stock Exchange and officially launched the IPO. Three months later, JD Logistics officially launched a global public offering of shares. JD Logistics’ IPO has attracted attention from many parties. On May 20, JD Logistics’ IPO subscription ended ahead of schedule. JD Logistics was subscribed by more than 1 million people, oversubscribed by more than 700 times, and frozen funds exceeded 550 billion Hong Kong dollars. According to data from the JD Logistics prospectus, in 2018, 2019 and 2020, JD Logistics’ revenues were 37.9 billion yuan, 49.8 billion yuan, and 73.4 billion yuan, respectively. Among them, there was a year-on-year increase of 31.6% in 2019 and a year-on-year increase of 47.2% in 2020, almost compared to 2018. Doubled. In the first quarter of 2021, JD Logistics’ revenue reached 22.4 billion, a year-on-year increase of 64.1%, and continued to maintain rapid growth. At the same time, JD Logistics already has profitability. According to previously disclosed public data, after excluding changes in fair value such as equity incentives that do not affect the company’s value, JD Logistics has a profit of more than 1.7 billion in 2020. Source: Private Equity Pass 2021.6 www.pedata.cn Display panel manufacturer Hehui Optoelectronics goes public, with an issue market value of RMB 35.529 billion On May 28, 2021, Hehui Optoelectronics “688538.SH” was listed on the Science and Technology Innovation Board of the Shanghai Stock Exchange with an issue price of 2.65 yuan per share. It plans to issue 2.681 billion shares, with a total financing amount of 7.106 billion yuan and a market value of 35.529 billion yuan. . The closing price on the day of listing was 4.2 yuan, with a turnover of 6.441 billion yuan. The controlling shareholder of Hehui Optoelectronics is Lianhe Investment. Before this issuance, Union Investment held a total of 8.05 billion shares of the company, accounting for 75.12% of the company’s total share capital. The actual controller of the company is the Shanghai State-owned Assets Supervision and Administration Commission, which holds 100% equity of Lianhe Investment. Hehui Optoelectronics is a well-known AMOLED semiconductor display panel manufacturer in China, focusing on the R&D, production and sales of small and medium-sized AMOLED semiconductor display panels. According to the prospectus, Hehui Optoelectronics has focused on small and medium-sized AMOLED since its establishment. It is the first domestic manufacturer to achieve mass production of AMOLED semiconductor display panels in the industry, breaking the foreign monopoly. At present, Hehui Optoelectronics has two production lines of the 4.5th generation and the 6th generation, both of which can produce rigid and flexible AMOLED panels. Among them, the production capacity of the 4.5th generation AMOLED production line is 15K/month, the planned production capacity of the 6th generation AMOLED production line is 30K/month, and the mass production capacity is 15K/month, and the 15K/month production capacity is expected to be mass-produced in the second quarter of this year. However, although Hehui Optoelectronics believes that the future growth rate of flexible AMOLED is better than that of rigid AMOLED, it is also known that the flexible display scene has not yet appeared on a large scale, so it is still mainly based on rigid AMOLED. Hehui Optoelectronics’ rigid AMOLED panel mass production capacity ranks first in China and second in the world, while the revenue of flexible products in 2020 is only 71,500 yuan. Source: Private Equity Pass 2021.6 www.pedata.cn “The first share of state-owned assets split” electric wind power successfully listed on the Science and Technology Innovation Board of the Shanghai Stock Exchange On May 19, 2021, Shanghai Electric Wind Power Group Co., Ltd. “688660.SH” was listed on the Science and Technology Innovation Board of the Shanghai Stock Exchange, with an issue price of 29.01 yuan per share, 533 million shares issued, and a market value of 7.253 billion yuan. According to the announcement, about 2.901 billion yuan of raised funds will be invested in “new product and technology development projects”, “Shanghai Electric Wind Power Group Shandong Haiyang Test Base Project”, “post-market capability improvement project” and other projects, and Reasonably arrange capital investment. Electric Wind Power was established in 2006 and is a holding subsidiary of Shanghai Electric Group Co., Ltd. As the first state-owned company to split a listed stock, in June last year, Electric Wind Power submitted a listing application to the China Securities Regulatory Commission. After nearly a year, it successfully listed on the Science and Technology Innovation Board. At present, the company’s products cover a full range of wind turbines from 1.25MW to 8MW, basically achieving full power coverage. In addition, the company firmly grasps the major development trends of industry refinement, customization, and large megawatts, and conducts active product development and layout in the onshore 4.X series, 5.X series and the offshore 5.X series and 8.0MW series. . In addition to the overall design technology of wind turbines, the company also has the core technology research and development capabilities of wind turbines represented by blade technology and control technology, and has formed technical research and development capabilities and advantages in key components and key technologies

Software business revenue maintained rapid growth. From January to April, my country’s software industry completed software business revenue of 2571.9 billion yuan, an increase of 25.0% year-on-year, and the growth rate dropped by 1.5 percentage points from January to March. The compound growth rate in the past two years was 11.7%. Figure 1 Software business revenue growth from 2020 to 2021 from January to April The growth of total profits slowed down. From January to April, the industry realized a total profit of 288.5 billion yuan, a year-on-year increase of 20.5%, a decrease of 5.4 percentage points from January to March, and a compound growth rate of 8.5% in the past two years. Figure 2 The growth of the total profit of the software industry from 2020 to 2021 from January to April Software exports grew steadily. From January to April, the software industry achieved exports of US$14.9 billion, a year-on-year increase of 14.5%, basically returning to the level of the same period in 2019. Among them, the export of outsourcing services was US$4.06 billion, a year-on-year increase of 22.3%; the export of embedded system software was US$5.86 billion, a year-on-year increase of 8.2%. Figure 3 The export growth of the software industry from 2020 to 2021 from January to April The number of employees has increased steadily, and the growth rate of total wages has increased slightly. From January to April, the average number of employees in the software industry in my country was 7.11 million, an increase of 5.8% year-on-year, and the scale increased by 140,000 from January to March; total wages of employees increased by 11.0% year-on-year, an increase of 0.4 percentage points from January to March. The compound growth rate in the past two years is 5.6%. Figure 4 The growth of total wages of software industry employees from 2020 to 2021 from January to April 2. Operation status by field Software product revenue grew steadily and rapidly. From January to April, software products achieved revenue of 682.3 billion yuan, a year-on-year increase of 23.5%, an increase of 0.1 percentage points from January to March, accounting for 26.5% of the industry’s revenue. With the continuous release of favorable policies in the field of intelligent manufacturing and the demand for industrial informatization and intelligent upgrading and transformation, the revenue of industrial software products reached 62.8 billion yuan, an increase of 22.3% year-on-year and an increase of 1.4 percentage points from January to March. Revenue from information technology services maintained rapid growth. From January to April, information technology services achieved revenue of 1,622.2 billion yuan, a year-on-year increase of 26.8%, a drop of 2.4 percentage points from January to March, and accounting for 63.1% of the industry’s revenue. Among them, with the continuous expansion of online education, telemedicine and other applications, cloud computing and big data applications accelerated, the two achieved a total revenue of 227 billion yuan, an increase of 26.8% year-on-year, accounting for 14.0% of information technology service revenue; e-commerce platform technical services The revenue was 20.1 billion yuan, a year-on-year increase of 26.4%; the IC design revenue was 62 billion yuan, a year-on-year increase of 19.6%. Revenue from information security products and services has accelerated growth. With the acceleration of domestic digital transformation, the importance of information security has increased significantly. From January to April, information security products and services achieved a total revenue of 38.4 billion yuan, a year-on-year increase of 28.4%, an increase of 3.6 percentage points from January to March. The growth rate of embedded system software revenue was steady but slow. From January to April, embedded system software realized revenue of 228.9 billion yuan, a year-on-year increase of 17.4%, and a decrease of 3.3 percentage points from January to March. Figure 5 The proportion of the software industry’s classified revenue from January to April 2020/2021 3. Operation by region The income of the software industry in the northeastern region has increased rapidly, and the growth in the central region has been outstanding. From January to April, the eastern region completed 2,125.8 billion yuan in software business revenue, a year-on-year increase of 26.1%, down 1.3 percentage points from January to March, and 1.1 percentage points higher than the national average. Under the influence of the low base of the previous year, the central region completed software business revenue of 974 yuan, a year-on-year increase of 26.4%, an increase of 1.7 percentage points from January to March, and 1.4 percentage points higher than the national average. The western region completed software business revenue of 291.7 billion yuan, a year-on-year increase of 19.5%, a drop of 4 percentage points from January to March. The Northeast region completed software business revenue of 56.9 billion yuan, a year-on-year increase of 12.7%, an increase of 1.4 percentage points from January to March. The software business revenue of the four regions accounted for 82.7%, 3.8%, 11.3%, and 2.2% of the total national revenue, respectively. Figure 6 Software industry revenue growth by region from January to April 2021 Major software provinces continued to grow rapidly, and some central and western provinces and cities grew rapidly. From January to April, among the top 5 provinces in software business revenue, Beijing, Guangdong, Jiangsu, Zhejiang, and Shanghai had software revenue of 541.8 billion yuan, 493.4 billion yuan, 355.4 billion yuan, 228.5 billion yuan, and 186.7 billion yuan, respectively. Increased by 43.8%, 19.4%, 22.9%, 16.1% and 30.5%, the total software business revenue of the five provinces and cities was 1805.8 billion yuan, accounting for 70.2% of the country’s proportion, which was 2.3 percentage points higher than the same period last year. Due to the small total volume and low base, the software business revenue in the five provinces of Guizhou, Hainan, Shanxi, Yunnan and Guangxi increased by more than 50% year-on-year. Figure 7 Growth of the top ten provinces and cities in software business revenue from January to April 2021 The revenue of the software business in central cities has grown steadily, and the growth of total profits has slowed down. From January to April, 15 sub-provincial central cities across the country realized software business revenue of 1383.5 billion yuan, a year-on-year increase of 19.2%, and a decrease of 2.6 percentage points from January to March, accounting for 53.8% of the national software business revenue, accounting for the same period last year A decline of 1.7 percentage points. Among them, the year-on-year growth rate of Harbin and Ningbo’s software business revenue was 11.1 and 0.9 percentage points higher than the industry-wide revenue growth rate, respectively. The total profit of the software industry in central cities was 165.4 billion yuan, a year-on-year increase of 15.1%, and a decrease of 9.3 percentage points from January to March. Among them, Ningbo, Harbin, Xi’an, Shenyang, and Guangzhou recorded a total profit growth rate exceeding the industry average. Figure 8 The growth of software business revenue in sub-provincial central cities from 2020 to 2021 from January to April

Intel CEO Pat Gelsinger (Pat Gelsinger) said that the global chip supply shortage may continue for two more years. Kissinger said that the supply constraints will continue until more production capacity goes online to meet chip demand. Data center business is challenged Data center business has become the main source of bad earnings this time. Intel’s financial report shows that the data center group’s revenue in the first quarter was US$5.6 billion, a 20% decrease from US$7 billion in the same period last year. The decline in demand for cloud computing chips and the decline in government and enterprise demand caused by the epidemic have all triggered a decline in data center revenue . As the group’s highest profitability business, the decline in data center profits also dragged down the overall gross profit margin, which fell by 5 percentage points year-on-year to 55.2%. From the industry perspective, Intel is undergoing a transformation from a “PC center” to a “data center”. But in the era when data has become the “new oil”, it is not only Intel that sees the cake of data centers, but Nvidia and AMD are trying to further seize this market through mergers and acquisitions. On the other hand, Intel’s customers in the data center field, Google, Amazon, and Alibaba, have all begun to develop their own chips. “Any customized chip is a differentiated competition for them. For them, the chip is a strategy, not a route choice.” Vice President of Intel Marketing Group and General Manager of China Industry Solutions Department Liang Yali responded to this earlier. On April 8, Intel launched the third-generation Xeon scalable processor and a series of related product portfolios, which were regarded by the outside world as a counterattack to AMD’s attack. Among them, Ice Lake is Intel’s first server chip using 10nm. In addition, in the financial report data, Intel’s personal computer chip business revenue was 10.6 billion US dollars, an increase of 8% over the same period last year. The overall demand for this major notebook computer market has increased. However, it is also worth noting that the past high-end product line cooperation On the other hand, Apple has also begun to use more self-developed chips in the Mac product line. In the entire Intel’s quarterly report, the biggest bright spot is that the autonomous driving system company Mobileye’s revenue rose by 48% year-on-year to 377 million US dollars, and its operating profit rose by 67% year-on-year. “Lack of core” trend will continue At present, the shortage of chips has gradually spread from some links such as foundry, packaging and testing to the entire industry chain, involving multiple consumer fields such as automobiles, mobile phones, and notebooks. As one of the main players in the chip supply chain, Intel claims that the global chip supply shortage may continue for two more years. Prior to this, in order to reverse Intel’s decline in competition in the semiconductor industry, Kissinger proposed the IDM 2.0 plan. In the financial report statement, Kissinger also stated that this year will be an “important year” for Intel. From an industry perspective, Intel represents the IDM (Integrated Device Manufacture) model. The manufacturer is responsible for the entire process of the chip from design to finished product. This model can ensure the integration of the product from design to manufacturing. But in terms of iteration efficiency and cost, the Foundry model represented by TSMC is currently more mainstream. In order to change the current foundry pattern based on TSMC, Intel plans to invest approximately US$20 billion in the construction of two new factories (fabs) in Arizona, the United States. Intel stated that it hopes to become a major provider of foundry production capacity and provide services to customers around the world from the United States and Europe. Research organization TrendForce said that Taiwan Semiconductor Manufacturing Company (TSMC) will begin using the 5nm process to produce Intel’s Core i3 chips in the second half of this year. But judging from the latest news, Intel seems to want to increase its manufacturing capacity centered on the United States in order to reduce its dependence on Asian manufacturers. For Intel at the moment, the biggest problem is that the expansion investment plan may take several years to provide profits for it. In the financial report, Intel expects Q2 revenue of US$17.8 billion, slightly higher than the expected US$17.55 billion; however, the EPS forecast of US$1.05 is slightly lower than expected, and the company explained that it was affected by production capacity expansion expenses. As of press time, Intel reported $62.57 per share. It placed an order of 1.77% on Thursday and dropped 2.17% after the market.

Statistics show that over 38% of mainland tourists who entered Macau in March were individual tourists, about 268,300, an increase of 38.4 times year-on-year; the total number of tourists from nine cities in the Pearl River Delta in the Greater Bay Area was 388,100, of which Zhuhai accounted for 48.5%. In addition, in March, the number of Hong Kong tourists entering Macau was 590,000, a year-on-year decrease of 47.1%; the number of Taiwanese tourists entering Macau was 7,183, a year-on-year increase of 56.5%.

According to the statistics of entry channels, the number of passengers entering Macau by land in March increased 2.4 times year-on-year to 687,100, of which 568,600 entered Macao through the border gates, and 47,000 and 20,400 passengers entered Macau by air and sea respectively.

In the first quarter of 2021, Macao had a total of 1,738,400 inbound tourists, a year-on-year decrease of 46%. Among them, mainland tourists were 1,565,200, a year-on-year decrease of 31.7%; Hong Kong and Taiwan were 149,400 and 23,800, respectively, a year-on-year decrease. 77%, 70.6%.

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