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A-share listed company Leo shares indirectly invested 320 million in Space X, and the funds were returned.

(Guanwang Finance Wang Muju) As an A-share listed company, Leo (002131.SZ) invested 50 million US dollars (about 320 million yuan) in Space X owned by Musk, but it was unexpectedly returned. Not only did the "dream of heaven" fail to come true, but the performance of Leo shares itself could not satisfy the shareholders: the net loss in the first three quarters was 88.5706 million yuan.

After the "embarrassing thing" that the investment was returned, Leo shares once fell to the limit on November 25. At the close, Leo shares fell 10.11% to 2.49 yuan, sealing the daily limit. This series of operations of investing in Space X not only made Leo shares receive a letter of concern from the Shenzhen Stock Exchange, but also made investors’ doubts increasingly boiling.

Screenshot of social media

After the market opened today, as of 9: 40: 18, Leo shares reported 2.44 yuan per share, which continued to fall.

A-share companies invest in Musk to build rockets, and American companies refund their faces.

According to public information, the original business of Leo shares is traditional manufacturing, covering a relatively complete industrial chain in the whole pump industry. In 2007, it was listed on the SME board of Shenzhen Stock Exchange. In 2014, Leo entered the field of digital marketing business through the acquisition of companies such as Manku Advertising, and gradually developed it into one of its main businesses.

On the morning of 25th, Leo announced that its wholly-owned subsidiary Leo Investment, as a limited partner (LP), and the investment partnership Tomales Bay Capital Anduril III, L.P. (TBCALP, located in the United States) had its capital contribution of USD 50 million returned. The reason is that TBCA GP, the general partner of the partnership, said that he could not accept Leo Investment’s continued holding of LP shares, and planned to refund the contribution of Leo Investment.

Announcement screenshot

Comprehensive public information, the whole thing is like this:

On 15th of this month, Leo signed an agreement with TBCA LP through its wholly-owned subsidiary "Leo Investment". Leo invested US$ 50 million to invest in the project with TBCA LP. The target is Space X, a well-known company engaged in rocket launch and satellite communication ("Star Chain"), and its founder is Musk.

The next day (16th), Leo Investment set aside the cash.

On November 18, Shenzhen Stock Exchange issued a letter of concern, requesting Leo to disclose the details of TBCA before November 22, including but not limited to the fund size, organizational form, capital contribution method, capital contribution progress, duration, exit mechanism, etc., and explain the specific arrangements and progress of investing in Space X.

Letter of Concern from Shenzhen Stock Exchange (partial)

However, during this time window, the secondary market has already reacted violently. On November 17th and 18th, Leo shares went up for two consecutive days, and on the 19th, its share price once reached a short-term high of 3.08 yuan per share. However, Leo shares soon announced that the other side of the ocean changed its mind: TBCA’s general partner (TBCA GP) said that they could not accept Leo’s investment to continue to hold LP shares, and planned to return the capital contribution.

Open your eyes:

The general partner (GP) has the right to manage the partnership and acts on behalf of the partnership. Limited partners (LP) contribute, while GP contributes. Everyone enjoys the investment income together. The identity of Leo shares in the cooperation is LP. To put it simply, Leo shares gave money, but TBCA GP replied: I won’t do this job, you can take the money back.

Leo shares immediately expressed opposition. On the 24th, the money was returned by TBCA.

According to the announcement, Leo shares believe that there is no legal basis for TBCA to terminate the agreement, and it will not accept the return of investment funds and the recovery of LP shares held by Leo Investment. The Company reserves all rights to safeguard the interests of the Company, including but not limited to initiating judicial proceedings.

On the 25th, Leo shares once fell, and finally closed down 10.11% to 2.49 yuan, sealing the daily limit.

Wind screenshot, the same below.

In Leo stock bar, many angry netizens gathered together and questioned its "advertising", "cheating money" and "fooling people".

Hot concepts are all in one, which was named by Shenzhen Stock Exchange twice this year.

The performance data shows that Leo shares achieved revenue of 14.4 billion yuan in the first three quarters of this year, a year-on-year increase of 35.61%; But the loss is also obvious. According to Time Finance, Leo shareholders explained that "the third quarter was mainly due to too much investment losses, which led to a decline in net profit." The person also stressed that "investment can now be regarded as our third main business."

In addition to making rockets, chips, new energy, meta-universe and other popular tracks, Leo shares are involved.

According to public information, Fujian Pingtan Liheng Investment Co., Ltd., a subsidiary of Leo Co., Ltd., signed an agreement with Shanghai Lakeside International Equity Investment Management Co., Ltd., with a capital contribution of 26.5 million yuan (accounting for 999.9623%) to set up a company, and plans to invest in a single equity project in the field of chip design and production. The target is Xima United Measurement and Control (Quanzhou) Technology Co., Ltd.

In 2016, Leo invested in Beijing Chehejia (predecessor of LI), holding 11.75% of its shares, and laid out the field of intelligent electric vehicles. LI’s subsequent popularity made Leo shares almost "famous overnight". In 2021, Leo was listed and traded in science and technology innovation board through the new scenery (688663.SH) invested by its "Pingtan Liheng" company, and laid out the high-power power electronic energy-saving control technology and its product track.

As of June 30 this year, the ending balance of other non-current financial assets of Leo shares was 7.704 billion yuan.

When the market is hot, Leo shares will almost lay out what they want, and the hand speed is fast: during the epidemic, Leo shares laid out the mask field, and it took less than half a month from preparing to set up a medical device company to formally putting the production line into production.

Because of a series of cross-border investments that can’t be played by gossip, in the eyes of many people, Leo shares have become a "hot spot professional household".

In July this year, the company said it planned to invest 100 million yuan to participate in a power battery investment fund; In the same month, the company also announced that it would spend 2 billion yuan on securities investment. This year’s hot meta-universe, Leo shares also participated in it: On November 16th, Leo shares replied to investors on the interactive platform that as early as 2020, the company began to try to apply AI artificial intelligence and AR augmented reality technology to e-commerce live broadcast, and realize the scene application of virtual anchors in multiple dimensions, including self-built virtual anchors for cultivation and marketing, and creating its own AI spokesperson. At the same time, it has also been promoting innovative marketing activities such as the endorsement of virtual idol IP, laying a solid foundation for the real arrival of the meta-universe.

Screenshot of China Economic Net page

Earned enough attention, but Leo shares have not been paid attention to by Shenzhen Stock Exchange for the first time this year.

Not long ago, on September 15th, Leo Co., Ltd. just sent a reply to the "Inquiry Letter on the Semi-annual Report of Leo Group Co., Ltd. in 2021" issued by Shenzhen Stock Exchange (Inquiry Letter [2021] No.9 of the Company Department for Semi-annual Report), explaining that its wholly-owned subsidiary Jiangsu Wansheng Advertising Media Co., Ltd. (hereinafter referred to as Wansheng Advertising) has made full provision for bad debts of its customers and there are a series of problems in the annual industrial and commercial inspection.

It is worth adding that in addition to investment, the digital marketing business of Leo shares also attracts the attention of the outside world:

In the investor relations activity on May 14th this year, some investors asked: In 2020, the company’s advertising business in ByteDance (huge engine) exceeded 7 billion yuan, up 17% year-on-year. Is there any profit output for a company with a dividend of 700 million yuan?

In response, Leo shares responded: "There is no such thing as what you said."

In August this year, Leo announced that Evergrande Real Estate had failed to pay the advertising fee as agreed in the contract and failed to pay the commercial tickets that had expired, and its subsidiaries took Evergrande Real Estate to court, applying for a total preservation amount of 356 million yuan. Leo shares may have been in the hot spot.

This article is an exclusive manuscript of Observer. It cannot be reproduced without authorization.

Lantu car, it is difficult to support Dongfeng’s high-end dream

Even though Dongfeng Group’s top resources are integrated, the facts show that it is difficult for Lantu Automobile to support Dongfeng’s high-end automobile brand dream.

Image Source: Car Story/Photo

Text | Car Fiction, Fig

On August 12, Lantu Auto announced on its official account that "from now on, the purchase of Lantu FREE in Hubei Province can enjoy a comprehensive cash subsidy of 30,000 yuan from the local government".

Going back one month, on July 16, according to Hubei local media "Hubei Daily", at the "Lantu Dreamer Central Enterprise Bulk Purchase Signing Ceremony and High-end New Energy Electric Vehicle Development Forum" held that day, Lantu Automobile signed a purchase order for a total of 6,000 Lantu Dreamers with central enterprises and provincial state-owned enterprises in Hubei.

In just two months, it was the collective procurement of local state-owned enterprises and the support of local car purchase subsidies. These "off-the-shelf moves" showed that Lantu Automobile was "anxious" about the status quo that it could not open up the situation at the end point of the market. At the same time, it also showed that Lantu Automobile could not support Dongfeng’s high-end dream.

Image Source: Car Story/Photo

The business strategy is not clear, and the market performance is sluggish

On the official website of Lantu Automobile, there is an introduction to the Dongfeng Group, which it belongs to: "53 years of car manufacturing and precipitation, ranking 85th in the world’s top 500, with 20 years of accumulation of new energy technologies, and infinite strong partners. In 2020 alone, the total number of invention patents reached 2,391, ranking first in China’s vehicle group."

This was in the early days of Lantu Automobile’s establishment, and such a hard-core introduction was undoubtedly a plus for the new brand. At least it was helpful in winning consumers’ trust in this new brand. However, this introduction today has undoubtedly become the "magic mirror" of Lantu Automobile.

Even though Dongfeng Group’s top resources are integrated, from the perspective of the operation performance of Lantu Automobile, not only has it failed to convert the huge energy given by Dongfeng Group into its own market competitive advantage, but today, it still relies on its background resources to support its face.

Perhaps, from the perspective of its establishment time, Lantu Automobile, which has just been established for two years, is still a "newcomer", and it is too early to characterize it now. But it must be known that today’s automobile market is no longer in the era of traditional oil vehicles, as long as it can withstand it, it will have a day to come. Under the background of the current industry’s accelerated transformation to "electrification", as "new players" continue to join, for the consumer market, not only are the models available for users to choose rapidly increasing, but "new concepts and new ways to play" that are different from the past are also emerging one after another. The market is huge, but the opportunities have not changed.

Li Xiang, chairperson of Li Auto, has said in public on several occasions that "[Li Auto] has only one chance to play", noting that if one fails, there will be no chance to play again. "Even if you raise money, it’s useless because the suppliers won’t play with you anymore – that’s the one thing we fear the most."

In fact, this sentence also applies to all "newcomers" in the car industry, including Lantu Automobile.

According to the latest sales data, in the past July, Lantu Automobile sold 1793 vehicles. This sales performance is only 17.2% of Li Auto, which also uses the extended range route, and 22.97% of AITO.

From January to July, the cumulative sales volume of Lantu Automobile was 8671 vehicles. Only 28% of the annual sales target (31,000 vehicles) after the reduction was completed. Such a market performance is obviously not optimistic.

At least from the point of view of the cards, it is difficult to say that Lantu Automobile’s first license is successful. Of course, backed by the big Dongfeng Group, Lantu Automobile will naturally not encounter the supply chain problems that Li Xiang worried about earlier. But from the fact that Lantu Automobile has resorted to "off-the-shelf tricks" such as large local subsidies and centralized procurement by state-owned enterprises, it can be seen that the management of Lantu Automobile has entered a technical poverty in dealing with the current predicament.

When the monthly sales volume is expanded, it is not difficult to see the dismal state of Lantu Automobile’s business.

Data show that in the first six months of this year, Lantu sold 1,553 vehicles, 604 vehicles, 1,400 vehicles, 1,049 vehicles, 906 vehicles, and 1,202 vehicles respectively.

In an interview with Shell Finance, auto analyst Zhong Shi pointed out that "high-end electric vehicles are for a small number of specific groups of people to experience new technologies. The full set of brand hype and market operation are completely different from traditional cars. It is very difficult for managers who are used to the operation of traditional car companies to make sharp turns to adapt. It is impossible for traditional car companies to change their genes casually."

In contrast, whether it is "Wei Xiaoli", the head camp of the new car-making forces, or "Ask the World AITO", the various ways that Lantu Auto has operated for two years are more like an "old-fashioned" traditional car brand, and it does not see the attributes of being a "high-end smart electric brand".

So much so that since the launch of the brand in July 2020, Lantu Auto has still not had a clear imprint in terms of brand tone building.

In the end point market visit, the car story learned that there is still a considerable proportion of consumers who do not know "Lantu Automobile", and many consumers are unfamiliar with the Lantu Automobile LOGO. Even if there are consumers who know this brand, most of them will use "a brand new to Dongfeng" and "an extended range car imitated by Dongfeng Ideal Lane" to express their awareness of Lantu Automobile.

In sharp contrast, most consumers can clearly express the brand imprint of "Li Auto – focusing on home use, NIO – focusing on services, XPeng Motors – focusing on intelligent driving, and asking the world AITO – Huawei car" at the first time.

This also shows that the team of Lantu Automobile has lacked a strategy at the brand level in the two years since its establishment, or the related work has been basically ineffective.

At the Yabuli China Entrepreneur Forum 2021 in June last year, Wang Chuanfu, chairperson and president of BYD, told "new players" that the cost of time was important. "Maybe losing five billion is not much, but you lost three years, how much is that three years worth? You can’t buy it with money."

At the moment, I don’t know how Lantu Motors will interpret the past two years.

In addition, only 28% of the annual target was achieved in the first seven months, and it was also a revised sales target, which also shows that the Lantu Automotive management team has a cognitive bias towards the competitiveness of its products and the market conditions in which it operates.

At present, for Lantu Automobile, the core key to turning around the decline is the lack of a helm like "Li Xiang, He Xiaopeng, Li Bin" with a clear strategic thinking of development. At the worst, it is necessary to have at least one hard-working "salesperson" like Yu Chengdong.

Image Source: Car Story/Photo

The product force is mediocre, and the spontaneous combustion accident needs to be explained

Although in terms of brand positioning, Lantu Automobile is positioned as Dongfeng Group’s "high-end smart electric" brand. But in terms of product strength, the current models are obviously not very close to "high-end".

After flipping through the official website of Lantu Automobile, it was noticed that Lantu Automobile’s more dissemination still stayed in traditional fields such as vehicle testing and body safety. However, there is little mention of "smart electric vehicles", such as "smart cockpit" and "intelligent assisted driving".

The only battery technology that was singled out for amplification ended up being overturned.

On March 1, at a media event, Lantu Automobile highlighted the battery technology used in Lantu’s first mass-produced model, the Lantu FREE. According to its introduction, the Lantu FREE battery can achieve the "three no principles" including "no smoke, no fire, and no explosion" after passing the safety inspection.

Image source: Landmap Automotive

In addition, Lantu Automobile also publicly claimed: "Lantu Automobile’s self-developed high-safety battery PACK solution, the industry’s first three-dimensional thermal insulation technology, and the original battery safety detection and early warning model", "Lantu FREE uses five battery safety structure designs to create full-scene safety of battery packs", "Lantu FREE battery safety zero anxiety", "Lantu Automobile shows the leading level of the new energy model battery pack thermal diffusion management industry".

What was rather embarrassing was that the bragging voice on the front foot had just fallen, and the video of an open flame spontaneously igniting in the position of the battery pack of the Lantu FREE chassis on the back foot spread all over the Internet.

Image source: Video screenshot

On June 27, according to a video circulating on the Internet, a Lantu FREE had a burning accident that day. Through the video taken at the scene, it can be clearly seen that the fire of the Lantu FREE is located at the bottom of the vehicle, which is where the battery pack is located.

After the accident, Lantu Automobile only said that "the accident did not cause damage to people or surrounding property, and has provided users with a solution to travel by car. The task force has rushed to the scene to investigate and deal with it, and the results of the accident investigation will be announced in detail as soon as possible."

Since then, Lantu Automobile has never updated the results or progress of the investigation into the incident. As if the accident had never happened. In response, the car novel called Lantu Automobile 400 to inquire about the progress of the investigation into the open fire accident. The answering staff responded in a panic that it was "still under investigation."

Although the domestic performance is mediocre, the cause of the fire involving vehicle safety has not yet been identified, but these do not seem to affect the "flying" mood of the management team of Lantu Automobile.

According to the official website of Landmap Automobile, on July 8, Landmap Automobile officially announced its entry into the overseas market.

Lu Fang, chief executive of Lantu Automobile, said: "Created in China is becoming the core competitiveness of China, giving Chinese cars the strength and confidence to look at the world. While Lantu Automobile continues to explore the domestic market, it is also fully committed to the vast international new energy market, and is committed to becoming a leader in high-end electric vehicles."

Image Source: Car Story/Photo

As Lu Fang said, "Created in China is becoming China’s core competitiveness, giving Chinese cars the strength and confidence to look at the world head-on." I just hope that Lantu Automobile can think thrice before acting. Before making the basic skills solid, it may as well take a small step first, and not drag down the good reputation that China’s new energy vehicles have just established in overseas markets.

On July 19, according to a report by "Dongfeng Toutiao", a subsidiary of Hubei Dongfeng Newspaper Media, entitled "Adjustment of Leadership Team Members of the Two Units", on the afternoon of July 18, the Dongfeng Party Committee announced at the cadre meeting held by Lantu Automobile that Lu Fang would no longer serve as the Chief Technology Officer (CTO), a position held by Wang Junjun, deputy director of the DONGFENG MOTOR CORPORATION Technology Center.

In addition, Qin Jie served as a temporary party committee member and party secretary of Lantu Automobile; Liu Mingjiao served as a temporary party committee member, disciplinary committee member, and secretary of the disciplinary committee of Lantu Automobile; Gong Xuesong and Shao Mingfeng served as assistant general manager of Lantu Automobile.

Whether Dongfeng can save the crumbling Lantu car through this personnel change is still unknown, but in the car novel, whether a ship can drive out of the storm zone, the "helmsman" who controls the direction is very crucial.

Guo Fucheng’s ＂Floating City Tycoon＂ stills exposed, first pretending to be a Chinese-English mixed-race child


Guo Fucheng challenges the age span of nearly 40 years


The characters in Guo Fucheng’s plays have experienced various setbacks in their lives


Guo Fucheng interprets the mixed-race business hero

　　　 The film, which will be released nationwide on May 11, will reveal a set of high definition stills of the male protagonist Guo Fucheng. In order to conform to the Chinese-English mixed identity of the characters in the film, Guo Fucheng tried his blond and blue-eyed look for the first time, and it was refreshing. In this painstaking work that director Yan Hao has been dormant for several years, Guo Fucheng challenged the age span of nearly 40 years to interpret the ups and downs of a generation of Xiangjiang business heroes.

For the role makeover, Guo Fucheng premiered the mixed race

　　　 The movie "Floating City Tycoon" tells the story of Bu Huaquan, a mixed-race outcast, who became a business legend from scratch after experiencing various setbacks and experiences in life. In the film, Guo Fucheng single-handedly plays the male protagonist Bu Huaquan, from youth to middle-aged and elderly. The age span is as long as 40 years. The character’s identity has undergone several earth-shaking changes, and the performance is extremely difficult. In order to conform to Bu Huaquan’s mixed-race identity, Guo Fucheng wears turquoise contact lenses and dyes his hair blond. In the stills, it is even difficult to connect with Guo Fucheng, who used to be handsome and sunny.

　　　 Guo Fucheng has played many challenging roles since then. In the films that won him the Golden Horse Award for Best Actor, Guo Fucheng’s raunchy and bruised face is still vividly remembered. This time in "Floating City Tycoon", Guo Fucheng also has a makeover. He plays a mixed-race for the first time. He hopes to get closer to the character’s state through the change of appearance. "The Buhua Quan in the movie is a mixed-race. If there is no change in appearance, it will be difficult for the audience to accept his identity." Guo Fucheng admitted that the change of appearance also hopes that the audience will pay more attention to his performance. "I hope the audience can forget that the person on the screen is Guo Fucheng when they watch the movie."

Next page: Guo Fucheng breaks through his acting skills, and the Golden Horse Best Actor reproduces the legend of Xiaoxiong

Beijing man registers more than ten accounts for driving an online car, and is sentenced to imprisonment for cheating and making up 10,000 yuan

　　Justice Network News (reporter Yang Yonghao, correspondent Zhou Yu, Liang Shuang) A few days ago, a man in Beijing opened an online car-hailing car to cheat subsidies by the Beijing Daxing District Procuratorate filed a public prosecution, the court sentenced Yang Zhijian to five months in prison for fraud, suspended for ten months, and fined 1,000 yuan.

　　Yang Zhijian to earn a network about car platform high subsidies, has registered 6 driver number, 12 passenger number, with the passenger number to place an order, and then with the driver number to receive orders, driving an empty car after the trip, with the passenger number to the driver number payment, defrauding the platform subsidy 10,000 yuan. On October 18, 2015, Yang Zhijian was arrested by the public security organs.

　　The prosecutor handling the case believes that the occurrence of the case reflects the problems of lax registration review of online ride-hailing drivers, improper setting of reward rules, and poor supervision of the operation process in the operation and management of the company involved. In this regard, the prosecutor issued a procuratorial proposal to the company. The procuratorial proposal attracted great attention from the company, which actively took measures to fill the loopholes in the operation and management, and wrote to the prosecutor about the implementation as soon as possible. Combining the procuratorial proposal with the company’s actual situation, the company has raised the entry threshold for online ride-hailing drivers, strengthened the registration and review mechanism for online ride-hailing drivers, left marks through the computer system, allowed online ride-hailing drivers to get rid of flukes, and strengthened safety education and legal education. At the same time, it has standardized the regulations and order on rewards and subsidies, improved supervision, filled in the loopholes that can be exploited in the rules, and prevented the recurrence of similar crimes.

The price of Xingtu Eta Ursae Majoris in Nanning has been greatly reduced! The discount is 15,000, so act quickly.

In the preferential promotion channel of Nanning, car home, limited-time preferential activities are being carried out. As a model that has attracted much attention, the price of Star Road Eta Ursae Majoris in Nanning has dropped to 137,800 yuan. The maximum discount amount of this promotion reached 15,000 yuan, which brought consumers more affordable car purchase options. If you want to know more details of the discount, you may wish to click "Check the car price" in the quotation form and strive for a higher discount.

https://car2.autoimg.cn/cardfs/product/g25/M04/EF/98/autohomecar__ChtliGOqTiOAI0eSABuCfT4wkTo420.jpg

Starway Eta Ursae Majoris is an SUV full of modernity and futuristic feeling. Its front face design adopts bold lines and smooth curves, showing a strong sense of movement and strength. The air intake grille is decorated with a large area of chrome, which highlights the sense of luxury and quality of the whole vehicle. In terms of overall style, Eta Ursae Majoris’s exterior design combines modern technology and traditional aesthetics, and its unique shape and lines outline its unique personality, which makes it unique in the same class. No matter from which angle, Eta Ursae Majoris shows its unique charm and high-quality manufacturing technology.

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The side design of Xingtu Eta Ursae Majoris car series is elegant and atmospheric, with a body size of 4781mm*1920mm*1671mm and a wheelbase of 2815mm, with spacious and comfortable interior space. The front tread is 1641mm, and the rear tread is 1642 mm. It is equipped with 235/55 R19 tires to provide a stable driving experience. The body lines are smooth, and with the fashionable rim design, it shows the sense of movement and luxury of the vehicle, allowing you to enjoy comfort and visual enjoyment while driving.

https://car2.autoimg.cn/cardfs/product/g25/M00/7B/22/autohomecar__ChxkqWOqTgCAHVlyABSn-G8JJSg040.jpg

Starway Eta Ursae Majoris’s interior design is fashionable and luxurious, made of high-quality materials. The steering wheel is made of leather, which feels comfortable and the position can be manually adjusted up and down and back and forth. The central control screen size is 12.3 inches, which supports speech recognition control system, including multimedia, navigation, telephone, air conditioning, skylight and window functions. The front and rear rows are equipped with USB and Type-C interfaces, which is convenient for users to charge. In addition, the front row also has a mobile phone wireless charging function. The seat is made of imitation leather. The main driver’s seat can be adjusted back and forth, height and backrest, and the co-pilot’s seat can also be adjusted back and forth. The backrest of the second row of seats can also be adjusted, and the rear seats support proportional reclining. The overall interior design pays attention to comfort and convenience, bringing users a better driving experience.

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Starway Eta Ursae Majoris is equipped with a 2.0T 261 horsepower L4 engine with a maximum power of 192 kW and a maximum torque of 400 N m.. The car uses a 7-speed wet dual-clutch gearbox, which can provide a smooth shifting experience. This engine has excellent power performance and can bring exciting driving experience to drivers. Whether it’s a daily commute or a long trip, Starway Eta Ursae Majoris can meet your driving needs.

On the car system page of Starway Eta Ursae Majoris, we saw a car owner named spoke highly of this model. He said that the appearance design of Xingtu Eta Ursae Majoris is very in line with the trend, with rich lights, perfect waistline design and wide rear shape. These details show the care and exquisite craftsmanship of Starway Eta Ursae Majoris in appearance design. It can be seen that Starway Eta Ursae Majoris does have a good performance in appearance design, which brings excellent car experience to car owners. We believe that these advantages will attract more consumers’ attention and become a bright spot of Starway Eta Ursae Majoris in the market.

Ministry of Civil Affairs： This year, the welfare lottery sales amounted to 184.6 billion yuan, down about 30 billion yuan from last year.

　　From December 28th to 29th, the National Civil Affairs Work Conference was held in Beijing. The meeting summed up the civil affairs work in 2019, analyzed the situation, studied and deployed the work in 2020, and mobilized the national civil affairs system to fight for winning the battle against poverty and building a well-off society in an all-round way.

　　On December 29th, the government wechat "China Civil Affairs" of the Ministry of Civil Affairs released the data map of "Civil Affairs Work in 2019" produced by the new government media of the Ministry of Civil Affairs. Among them, the data map revealed that in 2019, the welfare lottery sales were 184.632 billion yuan, and the public welfare fund was raised about 53.7 billion yuan.

　　The Paper noted that compared with the official welfare lottery sales data in 2018, it dropped by about 30 billion yuan in 2019.

　　On August 15th, 2019, the Statistical Bulletin on the Development of Civil Affairs in 2018 issued by official website of the Ministry of Civil Affairs showed that the welfare lottery sales in China in 2018 was 224.56 billion yuan, an increase of 7.58 billion yuan or 3.5% over the previous year. The lottery public welfare fund was raised to 64.36 billion yuan, an increase of 3.6% over the previous year. In the whole year, the civil affairs system spent a total of 25.17 billion yuan on lottery public welfare funds, an increase of 3.0% over the previous year, including 17.15 billion yuan for social welfare and 910 million yuan for social assistance.

　　In fact, some media have noticed a sharp decline in welfare lottery sales in 2019.

　　According to the report of national business daily on August 4, 2019, "In June, the national lottery sales totaled 34.767 billion yuan, a decrease of 23.862 billion yuan or 40.7% compared with the same period of the previous year. Not only did the monthly data decline, but the reporter combed the lottery sales data in the first half of the past decade and found that the lottery sales showed negative growth year-on-year for the first time in the first half of this year. "

　　With regard to the decline in sales data, the national business daily report quoted experts in the lottery industry as saying that in early 2019, in order to regulate the lottery market, the Ministry of Finance, the Ministry of Civil Affairs and other departments strengthened the supervision of high-frequency quick-opening games and quiz games, extended the sales time of high-frequency quick-opening games and reduced the number of lottery games. In addition, the ban on internet lottery sales also has an impact on lottery sales.

　　It is worth mentioning that the corruption case of China Welfare Lottery Issuance Management Center exposed in 2017 and 2018 has aroused widespread public concern.

　　According to an article published on November 9, 2018 on the website of the State Commission for Discipline Inspection of the Central Commission for Discipline Inspection, "Reducing repression, treating both the symptoms and the root causes, and reconstructing the credibility of Welfare Lottery", the discipline inspection and supervision team stationed in the Ministry of Civil Affairs started with typical cases to promote the formation of a good political ecology. Since the 18th National Congress of the Communist Party of China, the CPC Central Committee and the Central Commission for Discipline Inspection have seriously investigated and dealt with a series of corruption problems in the Welfare Lottery field, and seriously held accountable three members of the former party group of the Ministry of Civil Affairs and the head of the discipline inspection team stationed there. The Central Leading Group for Inspection Work and the State Supervision Commission of the Central Commission for Discipline Inspection have successively handed over dozens of clues concerning bureau-level cadres of the Ministry of Civil Affairs to the Discipline Inspection and Supervision Group of the Ministry of Civil Affairs.

　　The Discipline Inspection and Supervision Team of the Ministry of Civil Affairs and the Party Group of the Ministry of Civil Affairs unified their thinking and understanding, took practical measures to reduce the stock and curb the increase, and seriously investigated and dealt with the violations of laws and regulations of 14 bureau-level leading cadres, including Bao Xuequan and Wang Suying, former directors of China Welfare Lottery Issuance Management Center, and Wang Yunge and Feng Lizhi, former deputy directors, in an effort to reshape the new image of the welfare lottery industry and revive its credibility.

　　In January, 2019, according to the report of WeChat official account’s "China Lottery News of Public Welfare Times" on the WeChat of Public Welfare Times, after the implementation of the new Regulations on Function Allocation, Internal Organizations and Staffing of the Ministry of Civil Affairs, the internal organizations of the Ministry of Civil Affairs in charge of welfare lottery management have changed. Before the reform, the welfare lottery management was in charge of the Department of Social Welfare and Philanthropy Promotion. After the reform, the welfare lottery management has been refined, and the planning and finance department and the newly established charity promotion and social work department are in charge. (The Paper reporter Jiang Ziwen)

The finals of the 4th Cross-Strait Student Baseball League started, and 32 teams of 840 players learned baseball skills and made great friends.

Shenzhen Business Daily Reading Creation Client Reporter Wu Wei

On November 11th, the finals of the 4th Cross-Strait Student Baseball League kicked off in 8 stadiums in Nanshan District, Shenzhen. The tournament will last until 18th. There are four groups: University Group, U18 Group, U15 Group and U12 Group, and 32 teams (20 from mainland China and 12 from Taiwan Province) will play 80 games. During the games, various exchange activities will be held, such as "Players’ Night", visits and exchanges, and watching drone performances.

A total of 840 players participated in this year’s finals. For the first time, exchange activities and competitions were interspersed, and the time for communication outside the competition was greatly increased. Players from universities, primary and secondary schools on both sides of the strait exchange skills, make great friends, appreciate the pulse of development, enhance emotional harmony, and promote "a family on both sides of the strait" through baseball exchanges.

After six years’ efforts, many schools in Shenzhen have started baseball, and more and more student baseball clubs have emerged. Baseball has become one of the favorite sports for students. Before the finals, the "2023 Shenzhen Training Camp for Little League Baseball Across the Taiwan Straits" was launched, and Taiwan Province’s outstanding hard ball was invited for in-depth training, guidance and exchange, so as to jointly improve the baseball level across the Taiwan Straits.

For this competition, Xu Yong, CEO of the Cross-Strait Baseball Exchange and Cooperation Committee, is full of expectations. He said: "The Fourth Cross-Strait Student Baseball League Finals is of great significance for students from both sides of the strait to get together and build a better platform for students from both sides of the strait. I hope they will become good golfers, good partners and good brothers through this competition."

On the first day of the competition, despite the continuous rain, Qiu Guanbo of Taiwan Province Xinbei Chongyi Senior High School found it "very exciting and fun". He said: "It was a special experience. The weather was bad, but the atmosphere was warm. Everyone was warm and friendly and felt very happy." He also said that the competition opportunity is rare, and he wants to feel the charm of Shenzhen city, gain novel experiences and discover different scenery from different perspectives.

It’s just a good time to smash the ball ｜ When the past becomes a paragraph, I look forward to a good day for China basketball

Poster journalist Zheng Hao reports.
On September 15th, Yi Jianlian’s retirement ceremony, the United Arab League appeared in public view for the last time as an athlete in the least "United Arab League" way. From choking several times to thanking all, it seems that Yi Jianlian spoke the most in public.
Yi Jianlian can also say "talk show"
"When I learned that I was the first speaker tonight, I thought someone must have made a mistake. The first speaker should be the great allen iverson, because I need more practice than him."
"On the Internet, I said that my footsteps are all taught by Gong Xiaobin. Today, I solemnly declare that you are right."
"When I was 9 years old, I told my first coach that I wanted to play basketball."
The above three paragraphs are from the speeches made by Yao Ming when he was inducted into the NBA Hall of Fame, Wang Zhizhi and Hu Weidong at the entrance ceremony of the China Basketball Hall of Fame.
In my impression, Yi Jianlian can’t seem to say such a thing. The most classic quotation left by this big man is the sentence "I invite him to drink Lafite (I can waste him)!" But at the retirement ceremony, Yi Jianlian looked like a different person. From Du Feng’s "Be Harder" to Wang Shipeng’s "Kill Slovenian", from Bater’s "Journey to the West" to Jaco’s "Thank you for coming", Yi Jianlian strung up every teammate present with many stalks, so that this speech was called "talk show" by fans.
These stems include the attitude of the game, the execution of skills and tactics, the characteristics of players and the development of youth basketball. Yi Jianlian spoke out the elements of basketball that he understood by way of talk show.
Yi Jianlian’s Talk Show
Bater, Wang Zhizhi, Yi Jianlian and Yao Ming, when the three "moving Great Walls" and Yi Jianlian formed the "four centers" of China team, Yi Jianlian was held in the C position by Yao Ming, and Wang Zhizhi hugged Bater and Yi Jianlian around him. Yi Jianlian said, "I haven’t felt so young for a long time."
Yao Ming "pressed" Yi Jianlian in the C position.
Whether it was the "China Derby" between the Rockets and the Bucks, or the expectation of China fans to surpass Yao Ming, all these showed the expectation of "Space Easy". "In the past, many people hoped that I could catch up with you or even surpass you. For 21 years, I tried various methods and exhausted various means, and finally I just stayed at 2.13 meters." Yi Jianlian’s response is humorous.
However, when Yi Jianlian tried to pass on the baton, the China men’s basketball team encountered the lowest point in history.
Four years ago and four years later
When Bater, Wang Zhizhi, Yi Jianlian and Yao Ming stand together as retired players, it is the final chapter of an era of China basketball. After the final chapter, where is the sequel? At present, it is unknown.
The final chapter of an era for China men’s basketball team.
Four years ago, in the World Cup, we discussed more technical and tactical issues. Should the center serve the key foul ball? Is it reasonable to switch between attack and defense in overtime when the opponent is absolutely tied? These problems became the key for China men’s basketball team to miss the Olympic Games for the first time.
Four years later, the current coach of the national men’s basketball team, Jorjevich, said that the China men’s basketball team now has no courage to dare to fight with its opponents when it comes to the top teams in Europe.
Gong Xiaobin’s bloody stadium; Liu Yudong took out 10 broken bone specimens from his knee, which was his "medal" after the end of the 2003 season; After Wang Zhizhi led the team to win the championship, his teammates put all the gold medals on his neck; Yi Jianlian and Gasol, who are in full swing, have a muscle collision in the inside; Wang Shipeng kills Slovenian; Sun Yue’s hat Howard … The classic moments of China men’s basketball team were all bought by them desperately.
However, this tradition seems to be lost now.
Let’s look forward to it. Let’s look forward to a good day for the China men’s basketball team as soon as possible.
Reporting/feedback

Jeff hurt Sun Minghui on purpose？ The injury occurred, and Jeff’s expression was understandable. Zhao Rui’s evaluation was correct

On April 23rd, the highly anticipated playoff battle between Guangdong Men’s Basketball Team and Zhejiang Guangsha kicked off. Since the two sides had already drawn 1-1, the two teams could not retreat in this game. The winning team and Liaoning Men’s Basketball Team joined forces, and the loser could only accept the fate of the end of the season.

Perhaps because of this, after the start of the game, the two sides also pointed the needle at Maimang. Du Runwang from Guangdong men’s basketball team stepped forward first, and his accurate three-pointers helped Guangdong men’s basketball team to take the lead. Then Zhu Junlong from Guangsha, Zhejiang province stepped forward, blocked Ma Shang and Zhang Hao, and hit two three-pointers. Zhu Junlong’s appearance directly changed the situation on the field. Zhejiang Guangsha not only overtook the score, but also took the lead.

The staggered scores also caused a controversial scene on the field. When Guangdong foreign aid Hamilton passed the ball back to Jeff, Sun Minghui made a steal, and the basketball was destroyed by Sun Minghui and left Jeff’s control. In the confrontation, Jeff got the ball, and then Sun Minghui fell to the ground in pain for a long time and failed to get up. Even after the Guangdong men’s basketball team attack ended, Sun Minghui still didn’t get up, and then the referee stopped the game.

Through slow motion, Jeff pushed Sun Minghui away again when he confronted Sun Minghui, and Jeff’s push also made Sun Minghui fall to the ground, and his right elbow severely hit the floor, which is why Sun Minghui failed to get up for a long time. After the slow motion, many fans also angrily criticized Jeff’s little moves, and even some fans questioned Jeff’s intentional injury to Sun Minghui.

Did Jeff really hurt Sun Minghui? First of all, from the slow motion, Jeff only had a physical confrontation with Sun Minghui, and Sun Minghui’s elbow landing after falling was unpredictable, so it was impossible for Jeff to intentionally hurt Sun Minghui.

Secondly, when Sun Minghui fell to the ground, when Du Feng instructed the emergency players to come and explain the tactics, Jeff was still very worried about Sun Minghui’s direction. If Jeff was intentional, Jeff would never have such an expression.

Finally, it is also the evaluation of Zhao Rui. Zhao Rui once said that Jeff is a very calm and clean player. Jeff’s past history also proves that he is not a dirty player, so it is even more impossible for Jeff to intentionally hurt his teammates in the national team. Sun Minghui’s injuries are more accidents, that’s all.

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The second vertical racing competition in Xihu District of Hangzhou started.

Recently, the second vertical racing competition in Xihu District of Hangzhou started in EAC Europe and America Center. The theme of this competition is "Dedicated to the Asian Games", which aims to enrich the amateur cultural and sports life of building workers in Xihu District, show the healthy style of residents in Xihu District, and welcome the arrival of the Hangzhou Asian Games.

Vertical racing takes the stairs of high-rise buildings as the runway, which is a new urban fitness sport. The race runs from the starting point on the first floor to the end point on the top floor of the building, and an effective timing technology system is adopted. In the competition, participants can not only experience the pleasure of climbing mountains, but also reduce the influence of the weather.

It is understood that about 100 people participated in this competition, and the players on the scene were divided into groups of men and women, and finally the third runner-up was decided. Wang Yong, a contestant, said: "Vertical racing is a very interesting sport, which not only tests your physical fitness, but also requires good coordination and psychological quality." "I experienced the fun of competition and realized that I still have a lot to improve in training and preparation." Contestant Zhang Jianhua said. (Yang Ling/graphic)