I hope the next generation can grow up watching domestic animated films.

  Producer Lu Xi

  Director Evonne.

  The ethereal Jinxia Cave House, the magnificent Huashan Wonderland, and the dazzling light of the mysterious birds … … On August 19th, "The List of New Gods: Yang Jian" was released, and the amazing visual effects won praise. Under the new overhead background, the movie’s setting of the fairyland subverted the public imagination. Yang Jian, Aquilaria Resinatum, Shen Gongbao, Four Heavenly Kings and many other cool gods appeared one after another. As an antique fantasy visual effect blockbuster, every extraordinary imagination in the movie seems to see Guo Man’s figure struggling to leap forward.

  How does the second part of the New God List series break the facial makeup of Erlang God Yang Jian? How do the stories of Yang Jian and Aquilaria blend together? How is the "rare" Taiji diagram of three-dimensional rendering ink painting made in the film? Listen to what the creators of "New God List: Yang Jian" say.

  Choose Yang Jian because he is a familiar stranger.

  Lu Xi, the producer of "New God List: Yang Jian", introduced that the development and creation of the film started in early 2019, and the story was confirmed in the second half of 2019, and it began to enter the early art exploration and further story polishing. In 2020, the development of three-dimensional character LookDev was launched, and the construction of digital assets, the exploration of role performance, the design of lens language, and the early stage of dynamic capture testing were gradually promoted, and the development of synchronous music was also being promoted. Mid-production reached its peak in 2021, and simultaneous production was also started at the end of the year. In June 2022, the whole film was produced.

  Regarding why Yang Jian’s story was chosen in the second part of the "New God List" series, Lu Xi said that although the public knew Yang Jian, they didn’t have such a detailed understanding of his story. "We have both a sense of acquaintance and freshness, so we chose Yang Jian as the protagonist."

  Evonne, the director, also said that Yang Jian is widely recognized, but he rarely elaborates his film and television works, and Yang Jian is a supporting role or villain in many works, even a little facelift. Therefore, if the New God List series tells the story of Yang Jian, there will be more possibilities to explore. Evonne said: "The charm of the film lies in the fact that different people can have different interpretations, and the story itself is very rich in dimensions."

  "The List of New Gods: Yang Jian" interprets the classic myth of "saving the mother by splitting the mountain" from a new perspective, and tells the story that after Yang Jian, who was down and out because of the damage of his eye, met his nephew Chen Xiang, who was eager to save the mother, his uncles and nephews went on a thrilling fantasy adventure together.

  In "Lotus Lantern", the story of agarwood chopping a mountain to save her mother is a household name. To the surprise of director Evonne, when collecting materials, he found that Yang Jian also had a story of chopping a mountain to save her mother. "I didn’t know this story before I made this film. After discovering this point, I think he is also begging for his mother, so why stop his nephew from doing it to save his mother? It doesn’t make sense, so I hope I can tell it again from a new perspective and integrate the two stories of saving my mother by splitting the mountain. Aquilaria went to Lushan to save her mother because of her thoughts about her mother. Yang Jian also experienced the same thing. The emotional core of this film is to go through fire and water for her loved ones. "

  In Evonne’s view, Yang Jian is an introverted person, and he doesn’t want his true feelings to be perceived by others. In fact, Yang Jian is an emotional person, and his heart is very soft. "In the film, Yang Jian’s expression of affection is restrained, but it can be seen that Yang Jian knows that Aquilaria has been separated from his mother since childhood. Because he has similar experiences, he understands Aquilaria very well, and at the same time feels embarrassed about the lack of companionship of relatives in the growth of Aquilaria, so he cares for Aquilaria all the way. He has been helping Aquilaria and accompanying Aquilaria as an aunt."

  Standing 1.9 meters tall, the former God of War became a handsome boy.

  Yang Jian is a handsome character in traditional mythology, and his fighting power is also top-notch, and he has distinctive features, such as three eyes and a roaring dog around him. Evonne said that this gave them plenty of creative space, but in "The List of New Gods: Yang Jian", the former god of war was damaged by the eye of a lotus lantern twelve years ago. Evonne said that Yang Jian’s eye in the sky is a visual feature that the audience is most familiar with. "Yang Jian with eyes in the sky is a very powerful fairy, so in fact, in the early stage of creation, we thought that if his most powerful feature was removed, what kind of state would this character enter?" Lu Xi also said: "We want to be a Yang Jian with a different image from the past. If you are blind, the state that Yuan Shen can’t summon is very different from his original image."

  Therefore, different from the image of Yang Jian in previous film and television works, Yang Jian in "The List of New Gods: Yang Jian" has a high face value, but he has become a "down-and-out handsome guy" because of hurting his eyes.

  Cui Yuemei, the director of character design for "The New God List: Yang Jian", designed about 180 characters for this film. "Compared with previous works, the workload in character design is about 10% more." Among them, Yang Jian’s version of character image design is the most. "One of the difficulties in Yang Jian’s design is that we have to design many different states, such as his daily state, the state after awakening, the state of reopening the third eye, and the state of war damage. Another difficulty is that Yang Jian needs to be physically fit from childhood to youth and then to adulthood. We need to let everyone know that this is Yang Jian Jr., and he is a person with adult Yang Jian, so there will be some difficulties. The design time of the role of Yang Jian is about half a year. Because it is the first protagonist, we spend more energy and time. We will do a lot of exploration: including the collection of reference materials and some attempts in drawing. "

  Cui Yuemei said that they designed Yang Jian’s height to be 1.9 meters. "We designed Yang Jian to be tall and handsome, and the whole proportion is slender and tall."

  Because Yang Jian is positioned as a lonely fairy, although he is in a state of wandering clouds and wild cranes, he used to be very beautiful, so the texture of his clothes is quite particular. "The texture of the white robe is expensive silk, and the skirt of his outer robe has not been buttoned up, because Yang Jian’s personality is easy-going and chic, so we don’t think he will wear this kind of personality particularly formally, so we made the clothes a little bit open to make him look more relaxed and lazy as a whole."

  Designers also designed some moire patterns on Yang Jian’s clothes, because: "Yang Jian came from Jinxiadong, which is a fairyland, with a lot of clouds and fog. Our moire patterns have some echoes with his origin, and the moire patterns have an unruly feeling, which accords with Yang Jian’s personality. At the same time, moire patterns are also a typical pattern in Wei and Jin Dynasties. Yang Jian’s robe and headscarf used tie-dye elements, because this film mainly refers to the style of Wei, Jin, Southern and Northern Dynasties, which was a popular element at that time, and the tie-dye culture was more in line with Yang Jian’s laid-back personality. "

  Yang Jian’s armor also refers to the armor of Wei, Jin, Southern and Northern Dynasties, but Cui Yuemei said that because Yang Jian was a mythical character after all, they took the armor of Wei, Jin, Southern and Northern Dynasties as the basis, plus some celestial elements they designed, and integrated them.

  Yang Jian was a handsome boy when he was wearing armor. He was very sunny, young and warm-blooded. Later, because Yang Jian experienced a lot of things, his expression was relatively indifferent. "We added some stubble to his face and made the skin texture a little rough, which made people feel that he had experienced something and his mental outlook was different."

  For Yang Jian’s Eye of the Sky, the design team has tried more than a dozen schemes. "For example, how big his eye is, how big his pupils are, and whether there are patterns and special effects. Later, after various attempts, we determined the current version, which is more in line with the setting of Yang Jian in the film."

  The most difficult scene is Jinxiadong, and the most complicated scene is Penglai.

  Compared with Yang Jian’s "magic face", the "face value" of the fairyland in the film is not too high, and the visual styles of Penglai, Fanghu and Yingzhou have their own characteristics, which brings the audience the shocking feeling of "where to find the fairy tales, between heaven and earth".

  Penglai Fairyland is like a three-dimensional city, with all kinds of spectacular buildings and spaceships shuttling through it, which is spectacular. The Qionglou Yuyu on Fanghu Xiandao is brightly lit, just like a bustling city that never sleeps. Yingzhou Xiandao is inspired by Dunhuang Crescent Spring, and the towering pavilions in the desert oasis have great visual impact. In addition, the legendary Yuquan Mountain, where Yang Jian’s master is located, is also exposed for the first time. It takes Taihu Stone as the core element, and the peaks are left behind and independent of the clouds, and the artistic conception is ethereal. The artistic styles of the three fairy islands are based on the Qin and Han Dynasties, and combine the characteristics of some northern and southern dynasties. After many animation production steps, such as modeling and rendering, the ethereal fairyland was "born", the details were full, and the ancient fantasy came to my face.

  Evonne said that one of the main reasons why this film particularly attracted him was the "fairy world". "What is the life of the immortals? The description of fairyland in classic animation works is basically a Chinese-style palace, where immortals are walking in clouds. We broke this thing from the beginning this time. For example, in this film, it was directly set that immortals could not fly in the sky after the last World War, and everyone could only sit ‘ Spacecraft ’ We also hope to expand everyone’s imagination about the fairy world in this way. "

  Gui Ye, the artistic director, said, "The artistic design of the film has been prepared for about a year. Besides going to Dunhuang and Shaanxi History Museum, I also found a lot of materials. The artistic style refers to the Wei, Jin, Southern and Northern Dynasties, because there are few pictures, so I can only take materials from some cultural relics and literal materials, and then transform them into pictures and integrate them into the film. The overall artistic style of the film refers to the Wei, Jin, Southern and Northern Dynasties, whether it is role costumes or props (such as celadon lacquerware), and the architectural style refers to the styles of Wei, Jin, Southern and Northern Dynasties and Han Dynasty. "

  Talking about the design inspiration of Penglai, Fanghu and Yingzhou, Mr. Gui said that because these three fairy islands are all in myths and legends, there are few related written materials. "So we played on the basis of the original text and drew inspiration from some ancient buildings in China to design. The most important thing is to serve the plot."

  Master Gui revealed that the most difficult scene is Jinxiadong, and it is difficult to create an ethereal and quiet atmosphere in Jinxiadong. Penglai is the most tedious and time-consuming. "Jinxia Cave is more difficult, and it is the feeling of the traditional fairy mountain in China. It is surrounded by clouds, pines and cypresses, and there is a cloud-like waterfall. When creating, it uses three-dimensional technology to restore the two-dimensional cloud sense, mainly pursuing the fairy spirit and charm."

  How to integrate scientific and technological elements into ancient scenery? Master Gui said that the part of the film that embodies science and technology is mainly mixed energy, which is equivalent to electricity and gas in reality. "When I looked up the information, I found that the technology in the Eastern Han Dynasty was very developed, such as bronze gears, so I combined the human and animal forces at that time with the story background design of the overhead gods in the film, and I got mixed energy."

  Because the immortals can’t walk in the sky, there are all kinds of spaceships in the film, including Yang Jian’s boat, gourd fairy’s boat, four heavenly kings’ boat, government boats, freight boats and private boats of ordinary people. Master Gui revealed that Yang Jian’s boat mainly pursued speed, and was inspired by the military speedboat of the Han Dynasty. It was a very common and highly mobile assault clipper at that time. The small gourd fairy sold private medicine, and his boat was a scarab. In classical medical books, the scarab was blindly Chinese medicine.

  The biggest challenge is that it takes at least one month for one shot of a character in the flying dance.

  Three-dimensional rendered ink painting, as the most iconic visual effect in light-chasing works, has been shown differently in White Snake: The Origin and New Gods: Nezha Reborn’s White Snake 2: The Green Snake Robbery, and each work is constantly breaking through. This time, the Tai Chi map battle in New God List: Yang Jian, the ink texture is even more amazing to the audience.

  Producer Lu Xi introduced that the design and concept stage of Taiji diagram is the most difficult. "Because it is recorded in ancient books, it is only said that it is a super powerful magic weapon. In the film, the setting of Taiji diagram is not a specific scene, but an illusory space, in which it will hook up the demons of all the people who enter and drive people into a dreamland space; The design team has been grinding back and forth for more than half a year, and there are many completely different schemes. In order to highlight the oriental texture in CG shots, we abandoned several concepts with stronger three-dimensional structure, but adopted ink painting and two-dimensional style presentation. From design to final production, it took more than one year of production time. "

  It is a great challenge to present the ink effect by means of three-dimensional CG. Director Evonne revealed that team research and testing took nearly a year. "The difficulty lies in how to transition from the three-dimensional scene to the two-dimensional ink style of Taiji diagram. The plane paper and a three-dimensional bridge can’t be connected, so we made a big curl action on the three-dimensional bridge. In Taiji ink painting, there is another layer with the same texture as rice paper. Our approach is to add a layer of this kind of rice paper to the environmental layer, such as the ground stone, so that we can feel the texture of traditional ink painting from different angles. " Master Gui also said that the reason why the artistic style of Taiji diagram uses traditional ink painting sense is to pursue the sense of flow to qi.

  In addition to the Tai Chi Fighter, the flying dance of Luo Shenfu in the film is also highly praised by the audience: Yue Xian Square in Yingzhou, above the pavilion in Sendai, petals are flying, fairies are dancing in veils and jade beads are shaking. The flying beauty of "If you are amazed, just like Youlong", combined with the beautiful emotional singing of singer Rachel, has a stunning effect. The audience spoke highly of the play: "The beauty of Dunhuang frescoes flew out of the wall", "Flying Dance, Luoshen Fu, Dunhuang frescoes and other scenes interpreted the beauty of China traditional culture to the extreme".

  Evonne, the director, revealed that there was no such scene at first, but when collecting folk songs in Dunhuang, walking into the Mogao Grottoes was like entering another world. "I felt the imagination of ancient artists, so I was inspired. There were dances, music and musical instruments for the court banquet of ancient immortals. I decided to add this scene. Moreover, Wan Luo’s identity is set as a dancer. This poem "Luo Shen Fu" in the film is extracted from Cao Zhi’s "Luo Shen Fu", which expresses infinite sadness and disappointment, corresponding to Wan Luo’s thoughts about important people in the film. "

  The scene of flying dance was completed in the air. Evonne said that the technical difficulty of this scene lies in the dance itself. "We need to present the dance in a weightless state. We found a professional dancer to perform the Dunhuang dance, and let the dance team choreograph on the ground first, and present it in a three-dimensional space with moving capture technology, adding 360-degree spatial changes and camera movements, and then adjusting the movements and trying again; The dance teacher refers to the three-dimensional animation to adjust the movements, and we also spend a lot of energy communicating with the animators about the position and arrangement of the dance, and repeatedly modifying the running-in; Dancers don’t have weightless streamers when they jump, so they need to add streamers when they make them. They should consider how to match the role and conform to the scientific physical state. There is a ring that needs to deal with the streamers and hair of the characters, which is the most challenging part of the whole film. It takes at least one month for a character in a shot, which is 20-30 times the workload of ordinary shots. "

  The new dimension of the country, the audience and the market need to be slowly "cultivated"

  Although New Gods: Nezha Reborn, the first part of the New God List series, is based on The Romance of the Gods, it gives a new interpretation and interpretation of Nezha’s spiritual core from a cooler and younger perspective. It has opened a brand-new dimension of imagination for Guo Man, and made bold innovations in characterization, world outlook establishment and visual style.

  The same is true of the second film "The New God List: Yang Jian". Evonne believes that the biggest connection between the two films is that they are under the same world view system. In addition, both films have discussions on breaking fate. "But Li Yunxiang in New Gods: Nezha Reborn is hard and Yang Jian is more leisurely."

  The New List of Gods: Yang Jian has built an unprecedented mythical world, and Evonne thinks that the charm of animation lies in maximizing the imaginary world. In his view, there is no contradiction between tradition and innovation. The blood of China’s traditional culture has already melted into the bones of every Chinese, while innovation means telling stories with the voice of young people, creating stories with the latest technology and interpreting stories with modern ideas. Telling the old story of China from a younger perspective, giving new life to the tradition.

  On February 21st, 2021, when the film New Gods: Nezha Reborn was released, Zhao Ji, the director of the film, posted a long microblog, referring to an important colleague of the team of "The New God List: Yang Jian" who wrote a resignation email on the first day of his return from the Spring Festival holiday. "He is very important to Yang Jian. Before the Chinese New Year, he told me that he wanted to try another industry. I told him, let’s wait, Nezha sells well, and we can stick to it. Dreams can wait, but life can’t. Living with a dream may last for a year, two years and three years, but after all, I have no reason to persuade him to stay. "

  The animation industry in China needs the persistence of animators, and Lu Yi also believes that the audience and market of animated films need to be "cultivated" slowly. "Animated films are a very special artistic expression, which will show the culture intensively, and at the same time, animated films also have a relatively fixed audience. On the one hand, the creators are constantly putting their own ideas and expressions; On the other hand, after the animated film is released, the audience’s feedback will also feed back the creation. I think the audience and the creators are jointly exploring a unique animation art expression form in Chinese. "

  It is reported that the total amount of "New God List: Yang Jian" is 20% more than that of "White Snake 2: The Green Snake Robbed". The progress of Guoman in recent years is obvious to all. In Evonne’s view, the imagination of animated films is very large, and many things that are difficult to achieve in real movies can be created in an unconstrained way. He said that when he was growing up, he rarely saw domestic animated films in cinemas, so his ideal for entering this industry was "the direction of our efforts is to hope that the next generation can watch domestic animated films grow up".

  Text/Reporter Zhang Jia for the picture/small table

Development and Reform Commission: Make great efforts to solve the problem of financing difficulty and high cost for private enterprises, and solve the problem of arrears of corporate accounts.

Zheng Bei, deputy director of the National Development and Reform Commission, said that measures will be taken to support the development of private enterprises, solve the problem of difficult and expensive financing, speed up the progress of clearing debts, and promote local governments and state-owned enterprises to implement their responsibilities. The National Development and Reform Commission will also protect the legitimate rights and interests of private enterprises in accordance with the law, promote the legislative process of the private economy promotion law, improve the benchmark of administrative discretion and prevent illegal law enforcement. In addition, the negative list of market access will be revised to support private enterprises to participate in the "two new" projects, optimize the development environment and stimulate market vitality.

macroscopic view
Capital finance
2025-02-18 17:05

Starting from 75,800 yuan, the new Geely Binyue is officially listed.

  [car home new car listed] On May 18th, 2023, the new model (|) was officially listed.The new car has launched three models.The price range is 758-95800 yuan.As a "steel gun" model with the main sports style, the new car continues the fighting style in appearance and interior design, and the power is provided by a 1.5TD four-cylinder engine. The detailed selling price of the new car and related car purchase rights are as follows:

Home of the carHome of the car

Geely Automobile Binyue 2023 1.5T DCT Diamond Edition

Geely Automobile Binyue 2023 1.5T DCT Diamond Edition

Geely Automobile Binyue 2023 1.5T DCT Diamond Edition

  In terms of appearance, the new car adopts a sporty design, which is more in line with its own younger positioning. A large number of blackening designs are used in details such as the front grille and the front enclosure, and the fangs-shaped diversion grooves on both sides of the front enclosure can make the vehicle look more fierce. In addition, the new car also incorporates red design elements at the front bumper, which plays a good role in embellishment.

Geely Automobile Binyue 2023 1.5T DCT Diamond Edition

Geely Automobile Binyue 2023 1.5T DCT Diamond Edition

  When you come to the side of the car, you can see that the new car has a compact figure. At the same time, the waistline of the car adopts an upward design, which extends to the taillight group. In addition to the red line design at the side skirt, the new car is also equipped with chrome-plated silver trim at the window frame, which can further highlight the exquisiteness of the vehicle.

Geely Automobile Binyue 2023 1.5T DCT Diamond Edition

Geely Automobile Binyue 2023 1.5T DCT Diamond Edition

  In the rear part, the new car is equipped with a large-size spoiler, coupled with the diffuser at the rear enclosure and the bilateral four-out exhaust layout, which can make the overall positioning of the vehicle more distinct and have a fighting atmosphere. In addition, the new car is also equipped with a penetrating taillight design, and the shapes on both sides echo the headlights, which enhances the recognition.

Geely Automobile Binyue 2023 1.5T DCT Diamond Edition

Geely Automobile Binyue 2023 1.5T DCT Diamond Edition

Geely Automobile Binyue 2023 1.5T DCT Diamond Edition

Geely Automobile Binyue 2023 1.5T DCT Diamond Edition

Geely Automobile Binyue 2023 1.5T DCT Diamond Edition

  In the interior part, the overall design of the new car meets the mainstream level of the same level. The central control multimedia display screen adopts floating design, and some physical buttons are reserved in the bar area below the center console. The bar is still yacht-style design, and the overall look and feel of the car is relatively regular. In addition, the seat of the new car is designed with orange stitching, and there is orange S-shaped embroidery under the headrest, which looks younger and more sporty.

Geely Automobile Binyue 2023 1.5T DCT Diamond Edition

Geely Automobile Binyue 2023 1.5T DCT Diamond Edition

Geely Automobile Binyue 2023 1.5T DCT Diamond Edition

  In terms of power, the new car is equipped with a Geely 1.5TD four-cylinder engine with a maximum power of 181 HP (133 kW) and a peak torque of 290 Nm. In terms of transmission, it is matched with a 7-speed wet dual-clutch gearbox.

● Competitors

SAIC MG ZS 2022 180DVVT Automatic Sports Edition

Lingke Lingke 06 2023 Remix 1.5T Plus

Union Auto Nezha V 2022 Chao400

Geely Geometry Geely Geometry E 2023 320KM Happy Tiger 5

  Since the listing of Binyue, this compact SUV model has been named as "steel gun". Of course, the steel gun here refers to the comparison with the same level models. As a product that focuses on sports style, there are not many similar positioning in the same level market. MG ZS Sports Edition is one, but it is equipped with a 1.5L engine. The lectra 06 is also equipped with a 1.5T engine, but the price level is higher than that of Binbin. At the same time, with the advent of the new energy era, Nezha V, Geely ICON, Geometry E and other products have appeared in the same price range, and we can also regard these models as potential competitors of Binyue.

● Edit comments

  I still remember that when Binyue just came out, this product that was "out of line" at that time left a deep impression on me, and its driving experience was obviously different from the traditional small SUV products in our cognition. After several years, Binyue still maintains its unique style, and it seems that there are still no competing models in the fuel vehicle market. However, with the advent of the new energy era, there are many powerful models in the same price range. Do you think that Binyue can continue its previous performance? Welcome to leave your answer in the comments section. (Text/car home Duandi)

Shenyang Cadillac XT5 price reduction news, the latest offer 242,700! Limited time special offer

[Autohome Shenyang Promotion Channel] brings you the latest promotion information: In Shenyang, the bustling northeastern city, this luxury SUV is launching a grand price reduction promotion in an eye-catching way. Currently, car buyers can enjoy attractive discounts of up to 130,000, which brings the starting price of the original price car down to 242,700. This highly competitive price undoubtedly provides consumers with a great opportunity to upgrade their car. To seize this affordable opportunity, please click "Check Car Price" in the quotation form to ensure that you can get the best car purchase discount.

沈阳凯迪拉克XT5降价消息,最新报价24.27万!限时特惠

The Cadillac XT5 showcases the style of a luxury SUV with its exquisite exterior design and dynamic lines. The front face features a family-style shield-shaped air intake grille, coupled with sharp LED headlights, giving the vehicle a strong visual impact. The streamlined design of the body and the tough body contour combine to reflect the perfect fusion of elegance and power. The overall style is both modern and elegant, highlighting the Cadillac brand’s unremitting pursuit of luxury and performance.

沈阳凯迪拉克XT5降价消息,最新报价24.27万!限时特惠

The Cadillac XT5 is luxurious with its refined side design. The body size is 4813mm*1903mm*1682mm and the wheelbase is up to 2857mm, ensuring a spacious interior space and good driving stability. The front and rear wheels are 1645mm, providing balanced handling performance for the vehicle. The tire size is 235/65 R18, and the matching of the modern wheel design not only enhances the visual effect, but also provides the driver with comfortable grip and driving performance. The overall line is smooth, reflecting both the sense of power and elegance, fully demonstrating the elegance and dynamic of the Cadillac XT5.

沈阳凯迪拉克XT5降价消息,最新报价24.27万!限时特惠

The interior design of the Cadillac XT5 is luxurious and atmospheric, with attention to detail and quality. The exquisite leather steering wheel provides a comfortable grip, supports manual up and down + front and rear adjustment, so that the driver can find the best driving position in different driving scenarios. The 8-inch central control screen is clear and easy to use, integrates practical functions such as multimedia system, navigation, phone and air conditioning, and is equipped with automatic speech recognition control system to make driving more convenient. The seats are made of high-quality imitation leather and genuine leather to provide a comfortable riding experience. The main and passenger seats support multi-directional adjustments such as front and rear, backrest, high and low and waist support. It is equipped with heating function, especially the driver’s seat also has a power seat memory function. The second row of seats can also be adjusted back and forth, and supports backrest adjustment, while the proportional reclining space formed after the seat is reclined further enhances practicality.

沈阳凯迪拉克XT5降价消息,最新报价24.27万!限时特惠

The 2.0T engine on the Cadillac XT5 has 237 horsepower and a maximum power of 174 kilowatts, providing the driver with abundant energy output. The torque performance of this engine is equally excellent, with 350 Nm, and with the 9-speed automatic transmission, the vehicle can show smooth handling performance in various road conditions.

In general, Autohome owners appreciate the appearance of the Cadillac XT5. The tough and smooth body lines and family-style front face design he mentioned undoubtedly add a unique charm to this SUV. As a model that combines stability and style, the XT5 has successfully attracted the attention of many consumers with its harmonious proportion and sense of power. Driving in it, whether it is a business trip or a weekend leisure, you can experience the confidence and dignity brought by the XT5.

"Flower Thousand Bones": From TV series to movies, why the popularity of IP is no longer popular


1905 movie network feature Directed by,,,,, and other starring Xianxia fantasy movie was released on January 20, 2024. The film tells the story of the girl Hua Qiangu’s struggle with fate all the way, finally finding herself, and harvesting pure love. The movie continues the original play of the original work, preparing to evoke the memories of the whole people’s pursuit of this master-disciple sadomasochism.



However, the movie version of "Hua Qiangu" has been sluggish since the official announcement. After the movie was released, the box office on the first day was less than 3 million, and the predicted box office was only about 20 million. Audiences who have seen the movie do not buy the quality of the movie, and even call it the first bad movie in 2024. Many people say it is "the first bad year".



In 2015, the TV series "Hua Qiangu" adapted from the novel of the same name, once broadcast, triggered a ratings boom, with popular actors, and set off a "Xianxia fever" across the country. The average audience rating of the TV series broke 2, and the audience share of the finale was as high as 50%. It broke the viewing record of China’s weekly broadcast drama. Why did the movie version "Hua Qiangu" "Love Tribulation" resurface after 8 years but no longer have a good reputation?


What’s wrong with "Hua Qiangu"?


Film critic Wu Yanyu gave her own opinion. From all aspects, she did not feel the sincerity of the film version "Hua Qiangu" as a movie.


The first is that the "Hua Qiangu" IP is basically out of popularity in 2024.



Before 2015, our audience saw more pure fairy fantasy works. At that time, in the form of a fairy and idol, "Flower Qiangu" pioneered the vertical type of "fairy puppet" and became the favorite film and television genre of young audiences at that time. By 2024, the audience had seen too many "fairy puppet" dramas and too many handsome men and beautiful women, so they were not so "cold" for this type of movie.



Secondly, in the casting, the audience was not satisfied with the casting of the male and female protagonists, and was questioned as "not immortal, very down-to-earth".



As a well-deserved protagonist in "Hua Qiangu", when Zhao Liying played this role, she was very smart and immersive, including the blackened performance in the later stage of the series. Zhao Liying could also perform a sense of contrast and bring the role of Hua Qiangu to life. Compared with the TV version of "Hua Qiangu", the make-up of the female protagonist Chen Turin in the film version was not as smart as Zhao Liying back then, and her acting skills were also quite different from Zhao Liying’s.



The image of the male protagonist Baizi painting is a relatively silent, thoughtful immortal, which is very suitable for the image of a relatively cold person. However, the ancient costume shape of Li Chengbin in the film version is too different from the image of Baizi painting in the minds of many audiences.



In addition, because of the length of the movie, the plot progression of the movie version also appears more blunt and sudden.


The relationship between Hua Qiangu and Baizi’s master and apprentice in the film and television drama was described at a long length, from the fact that the two could not fall in love, to the process of the two from the taboo to the final break, the gradual progression of the feelings would make the audience feel so moved.


However, in the movie, these two people broke the principle of "master and disciple taboo" very suddenly. In the movie, Bai Zihua was injured, and Hua Qiangu went to save him. Why did Hua Qiangu save his master? Where did their relationship start to grow? What did Hua Qiangu endure during the process of saving her master? How did the two "blacken"? How did they return to the right track after "blackening"? The movie unfolded in a hurry for more than ten minutes, and the screenwriter of the related plot of the two people’s emotional changes did not explain it, so the audience was also confused.



In the end, the special effects production was also quite shoddy, unable to match the audience’s expectations. Some viewers even commented that "CG network is at a high level, and webcasting is recommended".



A good Xianxia movie definitely has a relatively high threshold in terms of special effects, but judging from the level of special effects in this movie, it seems to be stuck at the same level as five years ago.



Therefore, from the film version of "Hua Qiangu", we can see that the popularity of IP will gradually decline, and the capital boom will gradually subside. If the creators of the film are not attentive, then as the audience said, the film may not really need to appear in the market.


The way out of the drama?


How to successfully create a second-generation film based on the drama version has become a problem that plagues filmmakers. As far as the "drama-to-film" model is concerned, it was very popular in the past few years. It was a pity that they did not achieve good reputation and box office results, and also consumed the trust of subsequent audiences in the entire "drama-to-film" category.



It can be said that it is more difficult to adapt a TV series into a movie than to create a brand new story. Although adaptations have a certain IP effect and have more advantages in publicity and marketing in the later stage, for film creation, adaptations are often constrained by the story of the series, the character setting, the actors and other parties, and the requirements for screenwriters and directors are higher.


Therefore, in order to meet the audience’s expectations, it is best to keep the original starring role in the movie remake project, but you can choose the behind-the-scenes production staff who are more familiar with the rules of film creation. At the same time, for an IP to carry out secondary creation, it must have some dialogue and combination with the current era and the current audience, and treat it with the most sincere and rigorous attitude, in order to make a second creation that is no less influential than its own IP.



The big IP that should have been getting hotter and hotter was getting colder and colder, from the empty alley to the lonely opening. In fact, the era of relying on reputation and attention has passed, and it is ultimately up to filmmakers to create movies with their hearts!


Wanda Commercial Management’s listing has taken another "two steps": pay the 1.575 billion as scheduled, and thaw 5.1 billion shares

Produced | Sohu Real Estate & Focus Finance

Author | Wang Zehong

Editing | Wu Ya

The decisive battle for IPO is imminent, but Wanda Commercial Management has encountered various storms, whether it is the freezing of equity or the hidden acquisition of several Wanda plazas, all of which are related to its debt pressure.

But public debt is a bottom line, especially for Wanda Commercial Management, which is in the final sprint of listing. On July 11, the capital markets reported that for the "20 Dalian Wanda MTN003" 1.575 billion yuan ticket due on July 10, Dalian Wanda Commercial Management has remitted the full amount of funds for redemption to the Shanghai Clearing Exchange.

In addition to the winning ticket due in July, Wanda Commercial Management has nearly 4.30 billion yuan of bonds, which will be repaid in January 2024. The news also pointed out that Wanda Commercial Management plans to repay the public debt through equity funds and refinancing channels.

In this regard, Wanda Group responded to Sohu Finance: "1.575 billion yuan ticket due payment news is true."

An industry professional told Sohu Finance: "Wanda has some liquidity pressure, but obviously this pressure comes from the expectation of listing and the real estate sector. The real estate sector and the business management sector are independent legal persons. As the main body of listing, there is no liquidity pressure in the short term, so it is natural to repay the debt on time. If there is an overdue, it shows that even the liquidity of the business management sector has deteriorated sharply, which will naturally endanger the listing process of the business management sector."

After the news of the scheduled payment came out, several US dollar bonds of Wanda rose on the same day. Among them, the purchase price of US dollar bonds due in 2024 rose by about 1.5 cents to around 61.7 cents per dollar, and Wanda’s domestic bonds "200,000 to 01" rose slightly by 0.6%.

Behind the equity thaw: Zhuhai business management became a mystery for 6 days, Vanke exceeded the freeze and unblocked

Meanwhile, another piece of good news also arrived.

On July 11, according to the information disclosed by the national enterprise credit information publicity system, all the shares held by Dalian Wanda Commercial Management in Zhuhai Wanda Commercial Management have been thawed, with a total amount of about 5.072 billion yuan.

The previous day, Qichacha showed that Dalian Wanda Commercial Management held all the shares of Zhuhai Wanda Commercial Management (holding 70.16%) were frozen, the amount of frozen shares was about 5.072 billion, the freezing period from July 4, 2023 to July 3, 2026, the enforcement court is Zhanjiang City Intermediate People’s Court of Guangdong Province.

But unlike in the past, the frozen equity was thawed in just 6 days, according to the national enterprise credit information publicity system, Zhuhai Wanda Commercial Management’s frozen 5.072 billion yuan equity has been lifted on July 10.

Such a large amount of freezing and thawing happened in the "lightning and flint", what happened behind the scenes? A relevant person from Wanda Group told Sohu Finance: "We don’t know the specific reason."

A number of Wanda Group companies have been frozen recently, including Dalian Wanda Group’s stakes in Dalian Wanda Commercial Management, Shanghai Wanda Microfinance, and Wanda Properties’ stakes in Wanda Properties.

In particular, Wanda and Vanke due to the Changchun Film and Television City project of more than 1 billion yuan of financial disputes, resulting in Dalian Wanda Group holding Dalian Wanda Commercial Management 1.979 billion equity were frozen, causing Wanda’s strong dissatisfaction, and said that the freeze Wanda Commercial Management 1.90 billion equity, significantly more than the amount of financial disputes between the two sides, is through legal channels to appeal, confident to safeguard the legitimate rights and interests of Wanda Group.

Compared with the "5.072 billion equity freezing incident", the ins and outs behind this financial dispute freezing incident are clear, but because of the excess freezing, Liu Jipeng, the legal adviser of the State-owned Assets Supervision and Administration Commission of the State Council and the dean of the Capital Finance Research Institute of China University of Political Science and Law, was bombarded, and recently recorded a video program to explain.

He believes that the Shanghai Hongkou Court 1.40 billion the disputed assets exceeded the standard by 94 times and seized Wanda 128.70 billion assets, accounting for almost one-third of Wanda’s entire net assets. Therefore, when the guarded person and the qualified intermediary provide strong evidence to prove that the value of the seized assets 120 billion, the legal department should unblock it in time and give Wanda Group sufficient relief rights.

Liu Jipeng also revealed that the Shanghai Hongkou court realized that the 94 times exceeding the standard required by Vanke was unreasonable and serious, and had given 830 million to the seized 1.98 billion equity, but the remaining 1.15 billion equity was still 53 times the disputed assets of 1.38 billion yuan, and the value 74.80 billion. As long as the equity is still in legal proceedings, Wanda Commercial Management listing and issuance of similar funds cannot be carried out.

Behind the 6-day lifting of the 5.072 billion yuan equity, whether it is also sealed due to financial disputes, it is still a fog.

"Borrowing new and returning old" suspension: reduce holdings of Wanda Film to cash out 736 million

But behind this series of events, all point to Wanda Group’s debt pressure. As of the end of June 2023, Wanda Commercial Management’s domestic open market bond stock size was 12.341 billion yuan, and the overseas bond stock size was about 1.80 billion US dollars.

In addition, according to the gambling terms of Zhuhai Wanda Commercial Management, if Zhuhai Wanda Commercial Management fails to go public by the end of 2023, Wanda Commercial Management is obliged to buy back 30 billion yuan of equity from investors.

According to the capital markets, Wanda Commercial Management plans to repay the public debt through equity funds and refinancing channels.

For open market debt, borrowing new to repay the old is one of the ways to solve the gap. However, Dalian Wanda Commercial Management applied to the Shanghai Stock Exchange to issue a 6 billion small public offering, which was suspended by the Securities Supervision Commission on June 28. It was Wanda Commercial Management that actively applied to the Securities Supervision Commission to suspend the issuance on June 9.

According to Sohu Finance, the funds used for the 6 billion bonds were originally planned to be used to repay four domestic bonds due in October 2024 2 billion yuan "200,000 up to 02", 2.50 billion yuan "200,000 up to 03", 1.50 billion yuan due in December 2024 "200,000 up to 04", and 3.80 billion yuan due in September 2025 "200,000 up to 01".

But now this plan has been temporarily unable to carry out, in early July, Wanda Group told investors that the Securities Supervision Commission suspended the registration process of 6 billion corporate bonds, mainly because Zhuhai Wanda Commercial Management’s application for listing in Hong Kong is still in the review process, and the bond application review will be resumed after the progress of the Hong Kong listing.

The core of solving the debt crux finally points to the listing. According to the previous agreement with the 1.30 billion US dollar syndicate to participate in the listing of the loan bank on November 30, Wanda has less than 5 months.

In addition, Wanda’s recent financing moves have been frequent. In early June, everyone’s life insurance loomed to take over Shanghai Songjiang Wanda Plaza, Xining Haihu Wanda Plaza, and Jiangmen Taishan Wanda Plaza. Recently, Wanda Investment has successively reduced its holdings of Wanda Film to cash in.

On the evening of July 10, Wanda Film announced that Wanda Investment reduced its holdings of 2245.74 million shares from June 12 to July 7, according to the estimated average price of 12.87 per share, cashing out about 289 million yuan; in addition, the 37.1877 million shares reduced from May 23 to June 13, cashing out 447 million yuan, a total of 2.5964% of the shares, a total of 736 million yuan.

In addition, Wanda Commercial Management’s performance is also a major support for cash flow. On July 3, Wanda Commercial Management released a business express, and 12 Wanda plazas were newly opened in the first half of 2023, with a total of 484 openings. The total rental income in the first half of the year was 26.32 billion yuan, an increase of 4.5% year-on-year; the net rent was 13.01 billion yuan, an increase of 7.2% year-on-year; the net rent of comparable Wanda plaza increased by 3.8% year-on-year. The rental rate was 98.2%, and the rent collection rate was 100%.

Growth enterprise market index fell by 1.37%, northbound funds sold by 4.4 billion yuan, and the precious metals sector rose against the trend.

K diagram 000001_0

K figure 399001_0

K figure 399006_0

  The three major indexes of A shares fell collectively,It fell by nearly 1.4%, and the net sales of northbound funds exceeded 4 billion. On the disk, the mining industry rose sharply, and Tongyuan Petroleum, Baken Energy, Bomaike, Zhongman Petroleum and Renzhi shares rose daily. The precious metals sector strengthened, Sichuan gold rose daily, and Zhongrun resources rose by more than 8%. Diet pills, oil, gas, jewelry, aerospace and other sectors are in the forefront of the increase list. Energy metals, semiconductors, Chiplet concepts, memory chips, PVDF concepts, batteries, fluorine chemicals and passive components performed poorly, leading the market down.

K graph BK1017_0

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  As of the close of noon,Down 0.40% to 3075.80 points; The Shenzhen Component Index fell 0.99% to 9968.99 points; Growth enterprise market index fell 1.37% to 1969.24 points; The Science and Technology 50 Index fell 1.49% to 878.47 points. The total turnover of the two cities in half a day was 525.2 billion, and the net sales of northbound funds was 4.415 billion.

  The closing rate of 45 shares is 67.16%.

  In terms of daily limit stocks, as of noon closing, a total of 45 stocks had daily limit, and another 22 stocks once touched the daily limit, with a closing rate of 67.16%.

  In terms of individual stocks, the auto sector has multiple daily limit, Shenglong shares have 15 days and 8 boards, and Jintuo shares and Beiqi Blue Valley have daily limit; Oil and gas stocks rose collectively, with daily limit of Tongyuan Oil, Beken Energy, Bomaike and Zhongman Oil. Gold stocks fluctuated and strengthened, and Sichuan gold rose daily; The concept stocks of diet pills continue to be active, and Baihua Medicine and Shuanglu Pharmaceutical have daily limit; The concept stocks of computing power fluctuated and rebounded, and Sichuan Changhong, Tongfang, and Tefa Information had daily limit; Military stocks changed in intraday trading, Morning Air rose more than 10%, and Zhongtian Rocket had a daily limit. In terms of decline, chip stocks collectively adjusted to make a good limit.

  Northbound capital: net outflow of 4.415 billion yuan.

  As of midday, there was a net outflow of northbound funds, of whichThe net outflow was 1.994 billion yuan, and the net outflow of Shenzhen Stock Connect was 2.421 billion yuan, totaling 4.415 billion yuan.

  industryDirection: 370 million inflows of precious metals

  In terms of industry funds, as of noon closing, precious metals, mining industries, etc.Ranked high, with a net inflow of precious metals of 370 million yuan.

  In terms of net outflow, the net outflow of optical optoelectronics and semiconductors ranks high, of which the net outflow of optical optoelectronics is 3 billion yuan.

  Transaction amount of individual stocks TOP10

  In terms of the turnover of individual stocks, as of the close of noon, Cyrus ranked first in the two cities, with a turnover of 7.433 billion yuan; Shenzhen O-film Tech Co.,lt ranked second with a turnover of 6.678 billion yuan.

  Today’s news

  The adjustment and optimization of securities lending related systems is conducive to activating the market and boosting confidence.

  On October 14th, the CSRC adjusted and optimized the system of securities lending and strategic investors’ lending of allotment shares, and tightened the securities lending and strategic investors’ lending of allotment shares in stages on the premise of keeping the system relatively stable. On the same day, the Shanghai and Shenzhen Stock Exchanges issued "On Optimizing Securities Margin Trading andThe notice on relevant arrangements for securities lending transactions further refines the relevant rules, and the increase in the margin ratio for securities lending will be implemented as of October 30, and other provisions will be implemented as of October 16. Tian Lihui, dean of the Institute of Financial Development of Nankai University, told the Securities Daily that the optimization of the securities lending system has increased the cost of securities lending, constrained the insider’s securities lending behavior, and demonstrated that the regulatory authorities are advancing with the times on the premise of respecting the market. Strengthen the responsibility and actions of "countercyclical adjustment".

  The central bank continued to exceed 789 billion yuan, and the MLF interest rate remained stable.

  The central bank launched a 7-day reversal of 106 billion yuanOperation and 789 billion yuan one-year MLF operation, won the bid.Both are flat, 1.8% and 2.5% respectively. Today, there are 240 billion yuan of reverse repurchase and 50 billion yuan of treasury cash deposits due.

  40 billion! The securities industry today targeted "RRR cuts"!

  China Securities Depository and Clearing Co., Ltd. will formally implement the arrangement of reducing the minimum settlement reserve for stock business on October 16, 2023. After the implementation, the proportion of reserve payment will be reduced from the original 16% to the expected target of 13% on average, which is nearly 40 billion yuan compared with the funds released in September.

  Good news! ICBC, Agricultural Bank of China, Bank of China, China Construction Bank, Postal Savings Bank and Bank of Communications announced fee reduction and profit reduction.

  In order to further guide the banking industry to support the development of the real economy and enhance people’s financial consumption experience, on October 12th, under the guidance of the regulatory authorities, China Banking Association issued the Proposal on Adjusting the Price of Some Banking Services to Improve the Quality and Efficiency of Services. Specifically, the fee reduction and profit-making projects involve bill handling fee, cost, personal deposit account statement printing fee, cost of security authentication tool, credit card transaction reminder, overpayment transfer fee, annual fee replenishment mechanism, repayment time and tolerance service mechanism, etc. As of October 13th, Industrial and Commercial Bank of China, Bank of China, China Construction Bank, Agricultural Bank of China, Bank of Communications, etc. have announced that they will actively respond to the initiative of China Banking Association, increase the efforts to reduce fees and make profits, and continuously optimize customers’ financial experience, but the specific implementation details and implementation time need to be announced later.

  Pan Gongsheng, the governor of the central bank, recently voiced that monetary policy should continue to exert efforts and take advantage of the situation

  Pan Gongsheng said that in the next step, China will pay more attention to the balance between economic growth and sustainability and actively promote high-quality and sustainable development on the basis of maintaining a reasonable growth rate. In terms of monetary policy, Pan Gongsheng said that China’s prudent monetary policy is precise and powerful, and it has intensified countercyclical adjustment, effectively responding to domestic and international risk challenges and consolidating the economic recovery. In the next step, we should continue to exert ourselves and take advantage of the situation, give full play to the dual functions of monetary policy tools, focus on expanding domestic demand, boost confidence, accelerate the virtuous circle of the economy, and provide stronger support for the real economy.

  After the holiday, non-stop research on pharmaceutical stocks and diet pills has attracted special attention.

  The attention of institutions to the pharmaceutical sector is increasing. In terms of funds, more than one pharmaceutical stock has boarded in the past week.Many institutions continue to increase their positions. ConggeFrom the point of view, some strategy chiefs once again listed the pharmaceutical sector as one of the key sectors in the fourth quarter. In addition, in just one week after the National Day holiday, many pharmaceutical companies have accepted dozens of well-known companies..

  Public offering to play new music is tireless in order to enhance income.

  Since this year, participationPublic offeringThe number of products reached 4,848, and the total amount allocated reached 46.056 billion yuan, of which 74% of equity funds in the whole market participated.. The market continues to fluctuate, and innovation is considered to be one of the important ways for Public Offering of Fund to obtain low-risk absolute returns. The data shows that dozens of small-scale funds this yearFor itContributed at least 2 percentage points of income.

  The latest shareholding exposure of social security fund! Appeared in a number of A-share companies favor these stocks.

  With the disclosure of the third quarterly report of listed companies in 2023,The fund’s position trend also shows the tip of the iceberg. The latest three quarterly reports that have been disclosed at present show that social security funds have appeared in the top ten of a-share listed companies in the third quarter of this year.Among them, companies with relatively stable operation and performance are generally favored.

  Institutional point of view

  Guosheng Securities: It is expected that the demand for home furnishing in the peak season of "Golden September and Silver 10" will continue.

  Guosheng Securities Research Report pointed out that household consumption recovered during the 11th period, and the growth of Q4 leader is expected to accelerate. All home stores have started the "home rejuvenation consumption season" nationwide, and all regions have actively cooperated with the government to issue and undertake electronic coupons. We expect that the demand in the "Golden September and Silver 10" peak season will continue, and there is still room for improvement in the demand of first-and second-tier cities under the catalysis of policies, and the growth of home leading performance is expected to accelerate under the low Q4 base.

  Guotai Junan: The siphon effect in the beauty industry is further enhanced.

  Guotai Junan Research Report pointed out that the siphon effect of the beauty industry was significant in 2023, and it is expected that the growth rate of the Double Eleven will improve. Under the background of slow recovery of the consumption market, consumers tend to concentrate on buying when the big promotion discount is strong, so the siphon effect of the beauty market in 23 years has been further enhanced. Specifically, the growth rate of brands in Q1 and Q3 has dropped significantly in the off-season, but the head beauty companies in Q2 have made marginal improvements under the catalysis of 618. We expect that the beauty industry is expected to see an improvement in growth rate under the catalysis of the annual big promotion and double eleven.

  Dongguan Securities: The pharmaceutical sector is at a relatively low valuation in the past decade, and the sentiment of the sector continues to pick up.

  Dongguan Securities Research Report pointed out that the over-allocation rating of the pharmaceutical and biological industries should be maintained. The diet medicine industry chain has driven the plate sentiment to continue to pick up. In the sub-edition, GSK is the exclusive agent of Zhifei Bio.The heavy products of herpes zoster are good for stimulation, and the vaccine sector is among the top gainers this week. At present, the pharmaceutical sector is at a relatively low valuation in the past decade, and the sentiment of the sector continues to pick up. We can be moderately optimistic about the current position of the sector, and follow-up suggestions are to pay attention to structural opportunities such as diet pills industry chain, innovative drugs and medical services. The concerned sectors include medical equipment: Mindray Medical, UIH Medical and Australian-Chinese Endoscopy. Pharmaceutical business: Yifeng pharmacy, Dashenlin, Yinxintang. Medical beauty: Aimeike, Huadong Medicine, etc. Chinese medicine: China Resources Sanjiu, Tongrentang, Yiling Pharmaceutical; Innovative drugs: Hengrui Pharma, Huadong Medicine, etc.

  Zheshang Securities: It is expected that monetary policy will continue to be loose.

  Zheshang Securities Research Report pointed out that the total amount of credit was stable in September, but the resilience of the structure was relatively weak. We believe that China’s economy is still in a weak repair period, and credit data is still driven by "supply". Relevant policies are still needed to continue to pull "demand". As of September, we estimated that the excess savings balance of residents was 7.27 trillion yuan, an increase of about 93.7 billion yuan over the previous month, and continued to accumulate. In September, both the growth rates of M2 and M1 dropped, and the growth rate of M1 dropped to 2.1%, which means that the economic vitality still has room for repair. Generally speaking, we expect monetary policy to continue its loose tone, but the broad currency may converge and the focus will shift to broad credit. For large-scale assets, it is expected that China’s fundamental policies may be gradually strengthened, stocks attach importance to cyclical investment opportunities, and bonds remain volatile.

  Ping An Securities: Structural warming characteristics are heating up.

  Ping An Securities Research Report pointed out that A shares continued to consolidate last week, and the performance of electronics and automobile industries was relatively dominant, with obvious structural recovery characteristics. On the whole, although the short-term overseas risk disturbance still exists, the direction of marginal improvement of domestic economy and sustained efforts of policies has not changed, and the cost-effectiveness ratio of A-shares that have been adjusted to the relatively bottom area will gradually emerge in global risk assets. Structurally, it is suggested to continue to pay attention to the pro-cyclical dividend strategy, the pharmaceutical sector with a warmer market sentiment, the automobile sector with a rebound and transformation, and the TMT sector under the wave of technological trends.

  CITIC Securities: Continue to pay attention to Huawei’s industrial chain and the "Kunpeng+Shengteng" ecology.

  Citic Securities Research Report pointed out that overall, the global semiconductor boom has gradually bottomed out in Q2 this year. In September, the launch of Huawei+Apple’s new machine is expected to drive a new wave of rotating machines, and Q3 will start to consume electronics or enter the traditional peak season. The bottom of the memory chip cycle is clear, and DRAM/NAND welcomes the price increase; The performance of digital chips is divided, the downstream demand such as mobile phones and PCs is gradually recovering, and the demand related to AI is in an explosive growth stage; Analog chips are still waiting for the recovery of downstream demand, and the industry is under short-term pressure. Breakthroughs in core "stuck neck" links such as chips also boosted market confidence. In the short and medium term, it is suggested to continue to pay attention to Huawei’s industrial chain and the "Kunpeng+Shengteng" ecology. In the long run, the upstream high-end equipment, parts and materials will be the most direct beneficiaries of domestic alternative logic. Follow-up should continue to pay attention to Huawei’s shipments, chip yield, orders and further restrictions in the United States.

  GF Securities: Social integration was acceptable in September, and it is expected to continue to be repaired this year.

  GF Securities Research Report said that the current market pricing impact clues are more complicated and diversified; Objectively speaking, the social integration data in September is still relatively positive. Looking back, the total amount of social integration still has the kinetic energy to be further repaired during the year. First, the central bank’s meeting on August 18th explicitly demanded that "major financial institutions should take the initiative and increase the lending, and state-owned banks should continue to play a pillar role", which is obviously different from the "moderate total amount and steady pace" at the beginning of the year. Second, corporate bonds have a low negative feedback base in the bond market in the fourth quarter of last year; The third is the stock mortgage.After the adjustment, the early repayment behavior of residential departments may be reduced; Fourth, a new round of debt securitization may bring about some social integration increments. The social financing structure may also be optimized, and long-term loans in the enterprise sector may be affected by debt conversion, but the actual financing demand should not be too bad in the environment of profit recovery and centralized issuance of special bonds.

  China CITIC Construction Investment Co., Ltd.: Huawei’s cross-border orders continue to exceed expectations, and related industrial chains are expected to benefit.

  Citic Jiantou pointed out that the latest data of the Association showed that the wholesale sales volume of passenger cars in September was 2,451,700, +6.8% year-on-year and+9.6% quarter-on-quarter; Retail sales were 2,018,500 vehicles, up +5.0% year-on-year and+5.0% quarter-on-quarter; The wholesale of new energy passenger cars was 829,000, +23.0% year-on-year and +4.2% quarter-on-quarter, corresponding to the electrification penetration rate of 33.81%; On September 25-30, it retailed 128,600 vehicles, which was-5% year-on-year; Wholesale 153,500 vehicles, -6% year-on-year, and the wholesale end weakened slightly year-on-year. Recently, the new M7, Tucki G9, Zhiji LS6 and other models have been put on the market, and the price bands have dropped significantly. Among them, the new M7 car in the world of inquiry has a high degree of attention. On October 6th, the world of inquiry revealed that it had definitely exceeded 50,000 units, because its own products were strong and coincided with the high attention of Huawei’s mobile phone brand, and the M7 car in the world of inquiry spread in circles. The order of the intelligent driving version exceeded 60%, and the user’s cognition and acceptance of high-level intelligent driving was significantly improved. The automobile supply chain in Wenjie is improving its production capacity, and the parts with high value and high share are expected to benefit.

  CICC: Focus on three main investment lines in combination with the results of the third quarterly report.

  The research report of CICC believes that three main investment lines should be paid attention to in combination with the performance of the third quarterly report. As the profitability of listed companies is expected to improve marginally, compared with the first half of the year, it is suggested to increase the allocation weight in the fields of performance cashing and fundamental improvement. At present, high-growth areas are still relatively scarce, so it may be an important investment idea to grasp the fundamental inflection point and repair elasticity. In the stage of performance forecast and report disclosure of the third quarterly report, we should focus on: 1) the booming areas where the performance of the third quarterly report may exceed expectations or improve month on month. 2) The sub-sectors of scientific and technological growth that conform to new technologies and trends and have industrial catalysis, such as communications, semiconductors, consumer electronics, etc., which are expected to benefit from industrial autonomy and their own industrial prosperity improvement, and the pharmaceutical organisms that have been adjusted more in the early stage and have marginal mitigation expectations in industrial policies are also worthy of attention. 3) The improvement of demand, the improvement of supply pattern such as inventory and production capacity, and the areas with strong performance flexibility are worthy of attention, such as liquor, auto parts and upstream resource industries.

  Donghai securities: All-vanadium flow battery meets the development opportunity

  Donghai securities Research Report pointed out that the safety of energy storage power stations requires the development trend of superimposed long-term energy storage, and all-vanadium redox flow batteries meet the development opportunity. The high installed capacity of wind and solar energy has improved the demand of new power system for consumption, peak regulation and frequency modulation, superimposed with the implementation of relevant domestic storage policies, and the long-term trend of energy storage has become increasingly clear, and the long-term energy storage route such as all-vanadium redox flow battery has a good opportunity for development. At present, the life cycle cost of vanadium battery is better than that of lithium battery and sodium battery. Marginal cost decreases with the length of energy storage, and the cost advantage is prominent in the long-term energy storage market. In addition, the construction period of vanadium battery is short, the floor space is small, the site selection is not limited by natural resources, and it can flexibly adapt to all sides of the source grid load and has stronger adaptability to wind and solar installations. At present, the industrial chain of vanadium batteries has basically formed, and the market demand needs to be released urgently.

  Hua Fu Securities: The quarter-on-quarter improvement of some tracks in the chemical industry is worth looking forward to

  Hua Fu Securities Research Report pointed out that the third quarterly report was disclosed in October, and the quarter-on-quarter improvement of some tracks in the chemical industry is worth looking forward to. Looking to the future, it is necessary to actively grasp the profit release and high profit under the background of high prosperity of traditional energy (coal-crude oil)The high dividend effect brought by low valuation, while actively tracking the changes in the sub-track. It is suggested to pay attention to: 1) energy security: China’s special estimate, abundant cash flow & stable dividends; 2) Middle and lower reaches: refining and chemical industry, tires, chemical fiber, fluorine chemical industry, coal chemical industry, agrochemical products (leading compound fertilizer), membrane materials, real estate infrastructure materials (alkali, titanium dioxide, silicone rubber, paint, etc.), modified plastics, dyes, civil explosives and surfactants; (3) New materials: high-end polyolefins and catalysts, aerogels, high-end carbon black, OLED luminescent layer materials, semiconductor and lithium battery materials, aviation and special ship materials, sweeteners and bio-based materials.

  Orient securities: The medical demand is rigid, and the long-term trend of the industry is improving.

  Orient securities Research Report pointed out that in the long run, medical insurance fee control and normalized centralized purchasing will continue, and enterprises need to choose new varieties and fully grasp the clinical needs. Therefore, we are optimistic about enterprises with real innovation ability, and suggest focusing on the demand opportunities at the product end. In terms of medical devices, the conventional diagnosis and treatment continues to resume the marginal relaxation of the superposition policy, and the plate is expected to usher in Davis’ double click. It is recommended to pay attention to Mindray Medical, Sanyou Medical and Bairen Medical. In terms of innovative drugs, research and development continue to be promoted under strict review, and attention should be paid to cutting-edge clinical progress. It is suggested to pay attention to Hengrui Pharma, Jingxin Pharmaceutical and Kangchen Pharmaceutical. In terms of CXO, the industry prosperity is expected to improve marginally, which has the bottom investment value. It is suggested to pay attention to Sunshine Nuohe, Wuxi PharmaTech and Kanglong Chenghua.

  Open source securities: coal prices fluctuated at a high level, and stable performance and high dividends made the valuation cost-effective prominent.

  The open source securities research report pointed out that we maintain the logical recommendation of high winning rate and high margin of safety for the coal sector, and both offensive and defensive: from the perspective of high winning rate, high dividends have gradually been favored by capital market funds, and high dividends for coal enterprises have become a major trend; At present, the steady growth policy is introduced and exceeds expectations, and coal stocks will also become offensive varieties. As an upstream resource link, it will inevitably be boosted by downstream demand, reflecting the price increase. In terms of safety, we believe that the valuation of coal stocks has been at the bottom of history, PE valuation is 5-6 times of the performance in 2023, and the PB-ROE method is used to analyze that coal stocks have a high ROE, but Pb is greatly discounted, and the value of coal enterprises is underestimated. Beneficial targets with high flexibility, high dividends and growth: mountain coal international, Yankuang Energy and Shanxi Coking Coal; Beneficial targets of steady and high dividends: China Shenhua and Shaanxi Coal Industry.

  Guohai Securities: Adhere to AIGC Main Line+Cinema Line+Low Valuation Main Line.

  Guohai Securities Research Report pointed out that there was a temporary adjustment in September due to the poor box office performance caused by the empty window of supply and the expected landing of the interim report. The economic recovery is superimposed on the emotional recovery of watching movies, optimistic about the performance elasticity of the film and television sector; The normal distribution of the game sector and the new product cycle are expected to release profits. At the present stage, we are still optimistic about the application of AIGC in the media industry. Media companies have the advantages of users, scenarios and data. In the future, cooperation with large model manufacturers is expected to improve content production efficiency, enhance experience, accelerate industry innovation, and continue to pay attention to the application development of games, IP, marketing, e-commerce, education, film and television. At present, we adhere to the strategy of AIGC mainline+cinema line+low valuation leading stock selection. We believe that AIGC is expected to bring a new round of content productivity revolution.

  Shanxi securities: optimistic about the performance of gold and jewelry enterprises in the third quarterly report

  Shanxi Securities Research Report pointed out that from the report point of view, we continue to be optimistic about the performance of gold and jewelry enterprises in the third quarterly report, driven by the Qixi Festival in August and the franchisees actively stocking in September. From the perspective of follow-up demand, after a short-term rapid decline, gold prices have started to rebound, and both international gold prices and domestic gold prices have rebounded. Continue to be optimistic about the relative prosperity of the gold and jewelry industry in optional consumption. In the medium and long term, we are still optimistic that the progress of gold technology will continue to stimulate young consumers to satisfy their needs. It is suggested to pay active attention to Zhou Dasheng, Lao Fengxiang and Chao Hongji.

  Central china securities: Pay attention to the film and television, games and advertising sectors with rising prosperity.

  Central china securities Research Report pointed out that the overall performance of the media sector rebounded in the first half of the year, and the fundamentals showed an improvement trend. Although some sub-sectors once experienced short-term performance pressure, there is a greater possibility of improvement in the future. Q2′ s film, television, advertising and book sales have been well restored. At the same time, since the end of Q2, the market scale of film, television, advertising and games has improved, and the demand for cultural consumption and advertising has rebounded, which is expected to support the performance of Q3′ s media sector and continue into Q4. In the medium and long term, we will continue to pay attention to the new changes brought by AIGC technology to the industry, including the changes of content production mode, the innovation of commercial realization mode, the revaluation of industrial chain value and the changes of competition pattern. It is suggested to pay attention to the film and television, games, advertising and publishing sectors with strong defensive attributes, and pay attention to the performance of key companies in the third quarter recently disclosed.

  China Post Securities: The short-term A-share environment is intertwined and will continue to fluctuate and grind the bottom.

  China Post Securities pointed out that short-term A-shares will continue to fluctuate and grind to the bottom in the face of mixed environment. The industry configuration recommends the scientific and technological direction represented by electronics, automobiles and medical biology, and can pay attention to bank insurance in the short term. The fundamentals of the domestic economy are improving, but the trend of strong recovery has not yet been determined. We will continue to recommend the science and technology sectors with improved winning rate due to risk preference, mainly including automobiles and electronics related to Huawei’s smart driving concept, as well as medical organisms driven by the development trend of diet pills industry and key products going out to sea. Bank insurance will have a certain comparative advantage in short-term because of the public increase in Huijin’s secondary market and overseas risks. In the medium and long term, it is suggested to pay attention to three main lines. The first category is the target related to the decline in the potential growth rate of macro-economy and the decline in macro-economic capital expenditure, which mainly corresponds to high dividend assets. The second category is the science and technology sector with independent research and development as the main line, such as Huawei’s industrial chain and semiconductor equipment. The third category is the global distribution enterprises deeply involved in the global industrial division of labor, such as consumer electronics, automobiles, medicine and machinery.

Why is the weather foggy in Hunan recently?

(On the morning of January 10th, there was foggy weather in downtown Changsha. Correspondent photo)
Hunan Daily All-Media Reporter Xiao Xiufen Correspondent Lin Cheng
At 6 o’clock on January 10, the Provincial Meteorological Observatory continued to issue a yellow warning of heavy fog. This morning, heavy fog appeared in 13 cities and States in Hunan, and there were strong fog in some areas. The visibility was less than 200 meters.  
For two consecutive days, there have been different degrees of foggy weather in many places in our province. What is the reason behind the foggy weather? How long will this weather last? Hunan Daily reporter interviewed Tang Minghui, chief forecaster of the Provincial Meteorological Observatory.
"At present, the fog in Hunan is mainly radiation fog." Tang Minghui introduced that fog refers to a visible aggregate of a large number of tiny water droplets (or ice crystals) suspended in the atmosphere close to the ground. There are mainly two kinds of radiation fog and advection fog, and radiation fog mostly appears in the clear autumn and winter night or early morning when the wind is weak, and the fog will dissipate 1 to 3 hours after sunrise or after the wind is strengthened.
Why is foggy weather frequent recently? Tang Minghui explained that due to the frequent change of sunny and rainy days in our province recently, especially after it turns sunny, the temperature near the ground drops, and the water vapor content in the air exceeds the saturated water vapor, the excess water vapor will condense out and form small water droplets or ice crystals suspended in the air, which reduces visibility and forms fog. He predicted that fog would still appear in parts of western Hunan and northern Hunan on the morning of the 12th and 13th.
Meteorologists reminded that it is now in the season of frequent fog, and it mostly happens in the evening or the next morning when the rain stops and clears after cold air. Everyone should pay attention to the weather forecast in advance and plan their trip reasonably.
Reporting/feedback

China football goes out again.

Hello, I’m Lu Snake, and today I’m going to talk about football in China!

Speaking of China football, the most important thing recently is that the Football Association has a new head-Song Kai. As a football fan in China, I think this is at least a positive signal, because it shows that the football community in China is trying to improve its own problems and promote the development of football in some way.

Historically, the development of football in China has been plagued by various problems, including mismanagement and corruption. Therefore, changing the president of the Football Association can bring new ideas and directions for the development of football, help solve these problems and promote the healthy development of football in China.

After the new president takes office, he may take a series of measures to improve the football situation in China, including strengthening management, promoting professional development, strengthening the construction of youth training system and improving the quality of coaches and players. From the recent developments of the new head of the Football Association, we can also get a glimpse of it. Then, next, I will sort out the recent events that seem to me to be more important.

  1. Debut: "Take youth training as a top priority"

On November 22nd, the second leg of the U15 final in China Youth Championship was held in Weifang, Shandong Province. Football Association President Song Kai, Vice President Xu Jiren and Secretary-General Yuan Yongqing appeared together.

The newest Football Association’s leadership team, which made its first collective appearance, chose youth football matches, fully expressing its attention to youth football. In the words of Song Kai, "China Football Association should take youth training as a top priority." How can we improve the quality of youth training? Song Kai mentioned, first of all, "let the best coaches do youth training", "I have been doing the three big balls in Liaoning for a long time, so I can do some guidance from the policy and system, such as improving the treatment of echelon coaches. In the process of children’s growth, a more competitive competition system is established. "

  1. Meeting with AFC President, breaking ice in football foreign affairs.

Song Kai, President of China Football Association, who just arrived in Doha, Qatar, met with Salman, President of AFC, who was also attending the 2022 AFC Awards Ceremony. This is the first time that Song Kai has face-to-face communication with the president of the Asian Football Association as the president of the China Football Association, and it also marks the beginning of the new China Football Association to break the ice for football foreign affairs and take an important first step.

It is understood that during the meeting, Salman reiterated to Song Kai that the AFC will continue to cooperate with the China Football Association to support them in revitalizing football in China.

Subsequently, in its important position in official website, the AFC focused on the meeting between Song Kai and Salman with the title "AFC President praises the football development in China". The AFC quoted Salman as saying: "The AFC will unswervingly strive to make football the number one sport in the Asian continent. I believe that China Football Association can help China football to a higher level under the leadership of President Song Kai. We will also work together for this. " Salman also said: "What is exciting is that we see the determination of the new leadership of China Football Association to develop football and promote the progress of football in China. Football still has great development potential in China. "

  1. Study and open the foreign aid policy of the Super League to increase the appreciation of the league.

After Song Kai took office, in view of the situation of the Super League, he said that he would strive to create a professional league that people are satisfied with, and study the foreign aid policy of opening the league against the AFC. At present, the foreign aid policy of the Super League is 654, and his new policy is expected to be "51", that is, five non-nationals and one Asian foreign aid can play at the same time. The implementation of this policy will increase the internationalization and fierce competition of the league, attract more excellent players to China, improve the competitiveness of the league, and at the same time, improve the enjoyment and entertainment, so that fans can enjoy more exciting games.

Finally, I hope the new president can take effective measures to promote the healthy development of football in China, so that we fans can pay more attention to the future of football in China with pride.

If you have any expectations for China football or what do you think of the new head of the Football Association, you are also welcome to leave a message in the comment area for discussion.