CCTV News:January 28th is the third day of Spring Festival travel rush in 2024 and the first Sunday after Spring Festival travel rush. Looking at the data in Spring Festival travel rush, next, let’s feel the travel fever all over the country through groups of data.　

First, let’s look at the situation on January 27th. About 12.2 million passengers chose to take the train on the first Saturday after Spring Festival travel rush in 2024.

In the first three days of Spring Festival travel rush, Beijing, Shanghai, Chongqing and Wuhan Xi ‘an ranked among the top five destinations.

According to the ticket sales data of 12306, in the first three days of Spring Festival travel rush, Beijing, Shanghai, Chongqing, Wuhan and Xi ‘an have been ranked among the top five destinations. Compared with the first day in Spring Festival travel rush, the number of arrivals in these five cities increased by 30% on January 28th, with the largest increase in Beijing and Shanghai, with the number of people increasing by 50%.　

Spring Festival travel rush in the Yangtze River Delta is busier today.

From the perspective of regional mobility, compared with the first day in Spring Festival travel rush, the number of passengers in Tianjin-Beijing, Hangzhou-Shanghai, Suzhou-Shanghai and Nanjing-Shanghai increased on January 28th.

Spring Festival travel rush in the Yangtze River Delta is busier. On January 28th, four of the top five busy routes were located in the Yangtze River Delta.

Harbin, Chongqing and Guiyang have become popular alternate ticket destinations.

According to the waiting ticket situation of 12306 data platform, Harbin has become the most popular waiting ticket destination at present. Harbin not only attracts southerners, but also Tianjin, Beijing, Guangzhou and Shenyang have the highest number of waiting tickets to Harbin. In addition, Chongqing and Guiyang are also popular alternate ticket destinations, and tickets from Guangzhou, Shenzhen and Dongguan to Chongqing and Guiyang are also very popular.

Here, we remind you once again that when choosing the standby ticket, increase the number of trains and accept the new trains, and the standby success rate will be higher.

It is estimated that the average mileage of driving across cities in China is about 145 kilometers.

Let’s look at the situation of self-driving travel. According to the forecast data of Gaode map, it is estimated that during the period of Spring Festival travel rush in 2024, the average mileage of driving across the city will be about 145 kilometers, up by about 15% compared with the same period in 2019.

The Yangtze River Delta and Pearl River Delta Chengdu-Chongqing area have a high degree of high-speed congestion.

Judging from the congestion mileage, the Yangtze River Delta and Pearl River Delta regions have a higher degree of high-speed congestion, followed by Chengdu-Chongqing region. The congestion mileage in Beijing-Tianjin-Hebei region is relatively low, and the high-speed congestion mileage in the Yangtze River Delta region and the Pearl River Delta region is about three times that in Beijing-Tianjin-Hebei region.

Guangzhou has the largest number of self-driving vehicles.

So, where do these self-driving cars leave and where will they go? According to the forecast of Baidu map, Guangzhou, Shenzhen, Suzhou, Chengdu, Beijing and Shanghai rank in the top, and Guangzhou ranks far ahead, about twice as much as the second Shenzhen.

Fuyang, Maoming, Shangqiu, Zhoukou, Bozhou and Shangrao have the highest number of net inflow vehicles and become popular destinations for self-driving.

The number of civil aviation passengers will reach a new high, and many airlines will increase their capacity.

According to the forecast, during Spring Festival travel rush this year, the number of passengers transported by civil aviation will reach 80 million, a record high. In order to meet the travel needs of passengers, many airlines have increased their capacity by adding encrypted routes and "small to large" models.

Air China plans to arrange 67,691 flights during its stay in Spring Festival travel rush, with an average of 1,693 flights per day, focusing on visiting relatives and returning home and increasing flights on tourist routes.

In addition, China Eastern Airlines plans to carry out 3,280 passenger flights every day during Spring Festival travel rush, up 42% year-on-year, and replace wide-body aircraft on Hongqiao and Pudong routes to Changchun, Shenyang and Harbin, as well as Haikou and Sanya routes. All its four C919 domestic large aircraft will also fly on the Beijing-Shanghai and Beijing-Chengdu routes.

China Southern Airlines plans to carry out more than 113,000 flights. In addition to the traditional Guangzhou-Shenzhen return routes to Central China, Southwest China and East China, the hot routes also open new routes to Guangzhou, Beijing Daxing, Shanghai, Shenzhen and Wuhan to Changbai Mountain and Ningbo to Harbin to meet the hot demand for ice and snow travel this year. About 800 overtime flights are arranged on the "ice and snow route".

Guangxi Nanning Airport strengthens convenience service to ensure passengers’ smooth travel.

On the one hand, airlines increase capacity investment to meet the needs of passengers. On the other hand, airports around the country are also ready to meet the large passenger flow, and various service measures are introduced to make passengers "walk well". During the period of Spring Festival travel rush, in order to facilitate the vast number of passengers, Guangxi Nanning Wuxu International Airport launched a series of warm-hearted and convenient services to ensure the smooth travel of passengers.

According to the forecast, the first travel peak of Nanning Airport is expected to appear on February 7 and 8, and the return peak is expected to be on the sixth, seventh and sixteenth day of the first month. In order to ensure the smooth travel of passengers, Nanning Airport has launched a series of convenience service measures.

Li Zhihui, Deputy Manager of Passenger Transport Section of Nanning Airport Ground Service Department:For passengers who transfer at Nanning Airport, we also provide hands-free service for cross-airline luggage from domestic to domestic and from domestic to international. At the same time, we can enjoy free accommodation, free light meals, free airport buses, and make an appointment for a sharp turn for qualified transit passengers at Nanning Airport.

In areas such as check-in, security check-in, boarding gate, etc., Nanning Airport is equipped with priority passages. Nanning Airport will also provide corresponding assistance for passengers who are on the first flight, have communication difficulties, children and the elderly, and arrive late.

Henan: During Spring Festival travel rush, it is estimated that over 640 million people will travel to a new high.

Next, let’s take a concrete look at the situation in Spring Festival travel rush, Henan Province. During Spring Festival travel rush in 2024, the number of tourists in Henan Province is expected to exceed 640 million, a record high. All local departments have made concerted efforts in the fields of travel service, traffic guarantee, people’s livelihood guarantee and supply, and continuously improved transportation capacity and optimized service quality to ensure smooth travel in Spring Festival travel rush to the maximum extent.

In 2024, Spring Festival travel rush will be the first Spring Festival travel rush after the completion of the Mi-shaped high-speed railway in Henan. In view of the strong travel demand of Spring Festival travel rush passengers, Zhengzhou Station has added 140 trains to Beijing, Shanghai, Guangzhou, Xi ‘an and Chengdu at night. At the same time, in order to facilitate passengers in the province, 52 trains will be added from the province to Nanyang, Zhoukou, Puyang and Luoyang to meet the travel needs of passengers to the greatest extent.

At the same time, in order to ensure the traffic in Spring Festival travel rush, more than 2,600 buses have been prepared at Zhengzhou bus stations, and 58 customized lines have been opened from Zhengzhou to Henan.

In terms of aviation, during the period of Spring Festival travel rush in Zhengzhou Airport, there were 566 daily passenger flights and 78,000 daily passengers. At present, the airlines have encrypted flights for return flights and popular tourist routes, mainly focusing on the return hot routes from Zhengzhou to Guangzhou, Chengdu and Urumqi, as well as the tourist hot routes from Zhengzhou to Haikou, Dalian, Hainan and Bangkok.

This article was first published in "Movie Rising Potential". Welcome to WeChat search filmmore for attention.

　　1905 movie network exclusive Although 2016 has just passed halfway, the excitement of the film circle almost exceeds the sum of last year: encouraged by the 44 billion good news last year, the Chinese film market is still developing fiercely and the industry ecology has been improved more soundly.

　

　 However, after the chicken blood, the imperfection of the film industry itself has also made many people in the industry return to rational thinking; The emergence of chaos and the emergence of industry bubbles have made some impetuous speculators show their true colors. Building a healthy market order, creating good film works and ensuring the steady development of the industry still require all filmmakers to make down-to-earth efforts … …

　

　 Let’s review what happened in the film circle in the first half of the year:

　

The box office was 24.582 billion yuan in the first half of the year, and the target of 60 billion yuan for the whole year was "stressful"

　

　 As of June 30, 2016, the cumulative box office of China mainland cinemas reached 24.582 billion, a year-on-year increase of 21.41%; 723 million people watched movies, up 29.73% year-on-year; The number of screenings reached 34.58 million, a year-on-year increase of 37.75%, and the average number of people watching movies was 21.

　

　 The Mermaid, a Chinese New Year movie, has accumulated a total box office of 3.392 billion yuan, making it the highest-grossing movie in the first half of the year. It broke the box office records of the first day, the first day and the first week in a row as soon as it was released, and finally broke the box office record of mainland cinemas maintained by monster hunt. At the same time, the box office revenue of domestic films in the first half of the year was 12.989 billion, surpassing that of imported films by 11.592 billion, accounting for 53%, completing the counterattack.

Top 10 box office of movies released in the mainland in the first half of the year

　

　 On the import side, Disney takes Star Wars: The Force Awakens, Zootopia’s Fantasy Forest, and Captain America: Civil War, a subsidiary of Marvel Pictures, as the dominant player.

　

　 However, the box office in the first half of the year also showed a trend of "high opening and low going": the first quarter increased by 50% year-on-year; In the second quarter, it fell by 4.6% year-on-year, which was the first negative growth in five years. In the "big vacuum period", there was even a negative growth in April and May.

　

　 To achieve the goal of 60 billion yuan for the whole year, it must reach at least 35.418 billion yuan in the second half of the year, which means at least 49.8% year-on-year growth in the second half of the year, which can be described as "great pressure".

The internationalization process of "Wanda Dad" has taken another big step forward.

　

Capital: Wanda acquired Legend and held hands with Dolby, and "Warcraft" dominated the film market in June.

　

　 The "Wanda Dad", who has always been a local tyrant, made a big move at the beginning of the year: On January 12th, Wanda Group officially announced that it would spend $3.5 billion to acquire 100% of Legendary Pictures, a medium-sized Hollywood production company in the United States, which became the largest overseas cultural acquisition by China enterprises so far, making Wanda Film and Television Holding Company the highest-paid film company in the world.

　

　 Looking back on Wanda’s acquisition of AMC in North America in 2012, Hoyts, the second largest cinema in Australia in 2015, the acquisition of Muwei Fashion, a big data application company, Shimao Cinema, which focuses on second-and third-tier cities, and the subscription of a 20% stake in Time Network, it is not difficult to find that Wanda is laying out an eco-industrial chain and expanding its territory from a global perspective.

　

　 As the first film released in the mainland after the legend was acquired by Wanda, the performance of Warcraft is also very fierce — — Two days after the release, it broke 600 million and set a historical record; In June, the box office was 1.462 billion yuan, almost close to the sum of the box office of the following three films: X-Men: Apocalypse, The Thieves 2 and Independence Day: The Return. In late June, the first batch of Dolby cinemas in Asia all settled in Wanda, and "Warcraft" naturally became the first film to be shown.

　

　 This is in stark contrast to the bleak North American box office of Warcraft. As of today, the global box office of the film is 430 million US dollars, and the North American market accounts for only 10.8%. Of the $383 million overseas box office, China alone contributed only 230 million, accounting for 57.6%.

Zheng Jun and Liu Yun are unwilling to believe in the "ban theory" and are full of anger and helplessness about "locking the field" in advance.

　

Storm: Ye Ning left Wanda to join Huayi, and "Rock Tibetan Mastiff" fell into a low-profile puzzle.

　

　 On February 29th, Ye Ning, who has been the general manager of Wanda Cinema, the vice president of Wanda Culture Group and the chairman of Wuzhou Film Distribution Co., Ltd. for 15 years, switched to the arms of Huayi Brothers, became the CEO of Huayi Brothers Film, served as the deputy general manager of Huayi Brothers, and was nominated as a director candidate.

　

　 However, the animated film project "Rock Tibetan Mastiff", which was once led by Ye Ning during his stay in Wanda, was ranked last in the Wanda Cinema recently, which led to speculation in the industry that due to Ye Ning’s departure, Wanda banned Huayi, and the six-year hard work of Zheng Jun’s team for "Rock Tibetan Mastiff" was about to turn into cannon fodder. Zheng Jun and his wife both reluctantly expressed their reluctance to believe this speculation.

　

　 However, after the film was released, Wanda’s actual arrangement was much higher than the six pre-arranged films, and the low-arranged films of many cinemas almost denied the "ban theory", which is probably only caused by the low expectations of the cinema for the film. However, a recently leaked notice of personnel changes caused by mistakes in the distribution department in Huayi led the incident to Huayi. On July 11, Wanda also officially issued a statement denying the "ban". Zheng Jun, on the other hand, thinks that the low-ranking films are due to the "lock-up" of films in the same period in advance, and angrily says that he will never kneel for low-ranking films, but will only hold the middle finger.

Wanda voiced its denial of the "blocking theory"

　

　 However, Zi Shijun is more concerned about whether Wanda, which has already got through the upstream and downstream, can suppress rival works through its own channel advantages without restraint. Does it constitute a monopoly for production companies to get involved in distribution and screening at the same time?

　

　 This topic is reminiscent of the "Paramount Act" of the United States in 1948. For the development of China’s film industry, this may also need further consideration from a legal perspective.

　　First, the basic situation-aesthetic education infiltration and deep cultivation of rural education

　　This project aims at serving rural aesthetic education, takes the national first-class professional team as the core, and develops rural aesthetic education in the form of "pottery caravan", honing the firm will of teachers and students in patriotic dedication in social services and honing their personality and professional skills in aesthetic education practice. This team is a service team that walks through the countryside all the year round and devotes itself to culture going to the countryside, and has made important contributions to the rural assistance work such as "beautiful countryside Construction, Aesthetic Education and Cultural Infiltration".

　　(A) Relying on the "pottery caravan" to build a "mobile art classroom"

　　"Pottery caravan" is to transform traditional ceramic art into a "mobile art classroom" in the form of a vehicle-mounted mobile station. Integrate and optimize the "ivory tower" art resources in colleges and universities, publicize excellent traditional culture to rural school students through mobile art education and traditional craft experience, promote the protection and inheritance of cultural heritage, strengthen the education of Chinese excellent traditional culture, lead students to establish correct views on history, nationality, country and culture, and urge rural children to cultivate noble sentiments, shape beautiful hearts and enhance cultural self-confidence.

　　(B) Education+public welfare caravan model will create a better future for more rural children.

　　At present, there is still a big difference between urban and rural education, and there is a serious shortage of art teachers in rural schools, which greatly hinders the development of rural education. Caravan, with its characteristics of strong mobility, diversification and openness, can effectively improve the quality of art teaching in rural primary and secondary schools and make up for their lack of aesthetic education. We combine ceramic art with highly mobile caravan, integrate ceramic art into the classroom of rural teenagers in a physical and offline way, and improve their art teaching through an experiential, diversified and open teaching method.

　　(C) Enrich the teaching resources of aesthetic education and help the development of the teaching team of "aesthetic education infiltration"

　　Since the implementation of the "shenyang ligong university-Pottery Caravan" project, the artistic and cultural heritage resources have been combined with young scientific research teams in colleges and universities to build an "online and offline volunteer service platform in colleges and universities". It has jointly carried out activities with four schools to enrich local aesthetic education teaching resources, provide lesson plan design for the "aesthetic education infiltration" rural aesthetic education teaching team to support the rural aesthetic education teaching activities in western Liaoning for a long time, and promote the follow-up work to be carried out better.

　　Since the infiltration of rural aesthetic education, the aesthetic education team in shenyang ligong university has continuously reached a consensus, integrated rural revitalization into the ideological and political construction of courses, combined knowledge lecture halls in colleges and universities with life beliefs, and connected theoretical content with social practice, thus casting the great country craftsman spirit and Chinese aesthetic education spirit in the big classroom of rural social practice.

　　Through a series of practical tests, the school has cultivated an advanced aesthetic education collective with excellent quality, hard work and dedication. For two consecutive years, the school was rated as an advanced unit in the pilot project of sports aesthetic education infiltration in Liaoning Province, and four teachers in the team were rated as excellent teacher volunteers. In 2021, the "Demei Runxin" rural aesthetic education group won the gold medal in Liaoning internet plus Competition. In 2022, the rural entrepreneurship project won the Silver Award in Challenge Cup and the Silver Award in internet plus again.

　　Second, the progress of implementation-slowly and steadily reflecting the responsibility of colleges and universities in the new era in rural aesthetic education

　　Since 2020, the school has been connected with the primary and secondary schools in Baoguo Old Town, beipiao city, Chaoyang City, Liaoning Province, where the resident cadres help, and established a pairing assistance relationship. According to the needs of aided schools, regular teaching activities are carried out. Up to now, more than 200 teachers and students have been sent to teach, and more than 1,600 teachers and students have participated in the aided areas. After completing 336 teaching hours, two art workshops have been built, two campus cultural construction projects have been organized, and more than 2,000 works of art have been created. Help local middle schools to coach students to take part in the art senior high school entrance examination, and successfully get into key high schools to achieve a "zero" breakthrough in the art senior high school entrance examination. Providing training courses for young art teachers for local schools, with more than 20 trainees.

　　The team always aims to build the first brand of rural aesthetic education infiltration in Liaoning Province. Although affected by the epidemic in 2022, the pace of going to the countryside was hindered, but it also brought new opportunities for the growth of the team. Shenyang ligong university quickly organized and built a virtual teaching and research room for college students’ aesthetic education volunteers, and started the "Digital Intelligence Cloud Aesthetic Education Course" program. The school created a column on aesthetic education infiltration in WeChat official account, and built the first batch of "Youth Aesthetic Education Series Video Classes". With the joint efforts of teachers and students in the team, a large number of aesthetic education infiltration lesson plan tutorials have been reserved. After the course is launched, the average class is kept at the heat of 200 people clicking on learning. At present, 100 online cloud courses have been compiled, the online courses have been produced for 330 minutes, and the series of courses have been updated for 15 sessions, with the cumulative number of students reaching 20,000. It has become the only series of rural aesthetic education courses in the province, which is based on the infiltration of rural aesthetic education in colleges and universities and integrates online and offline, greatly improving the convenience of aesthetic education communication and promoting the two-way "going" of college and rural children in aesthetic education.

　　Third, the main features-situational teaching effectively improves the educational effect

　　(A) Pottery caravan-a mobile art classroom

　　This project adopts the mode of "caravan+performance+pottery making", and combines the unique characteristics of mobility, interactivity and diversity of "caravan" to flow in different areas of the countryside. Through a variety of interesting activities, it brings colorful pottery learning to rural children, increases the audience of aesthetic education assistance and makes educational assistance more inclusive.

　　(B) to carry out pottery manual practice activities to stimulate the enthusiasm of primary and secondary school students.

　　The manual practice of pottery is to let students deepen their experience of Chinese excellent traditional culture in direct contact with soil and tools, and express their thoughts and feelings with a simple modeling language to communicate with people. This method is based on hands-on, which requires the cooperation of eyes, brain and hands, and shows the learning process with an intuitive image, which not only promotes the improvement of students’ hands-on ability, but also stimulates students’ enthusiasm for learning and consciousness of understanding artistic charm. At the same time, caravan, an innovative classroom form of situational teaching, has also effectively improved students’ interest in learning, prompted students to be more involved in the classroom, and enabled students to understand the importance of cooperative learning in the process of practical activities, which has a certain positive role in promoting students’ growth and the study of other subjects.

　　(C) Using the "caravan model" to alleviate the pain problem of rural aesthetic education

　　The first is to use the "caravan mode" for on-site teaching to solve the important and difficult problems in teaching. Because ceramic art belongs to visual art, its curriculum characteristics determine that students must clearly see the details of each demonstration in the classroom demonstration of ceramic art. "Caravan mode" effectively uses modern technology for on-site teaching, presents the results to students, facilitates students to master the steps and skills of ceramic art production more accurately, and can quickly arouse the resonance of children’s learning, enhance their enthusiasm for participating in the classroom, thus improving the efficiency of solving teaching key points and difficulties.

　　The second is to use caravans to create situations and improve students’ understanding of knowledge points. Ceramic art is a kind of intuitive art that depends on "seeing" and "doing" to understand. Therefore, it is necessary to create a good and fascinating teaching situation in the teaching of ceramic art. Because primary and secondary school students are still young and lack relevant life experience, their understanding of things is different. Pottery caravan can use modern technology to teach directly on the spot, improve teaching intuition, make learning and exploration interesting, and help students better understand and absorb what they have learned.

　　The third is to use the pottery caravan to expand knowledge and improve students’ humanities and art literacy. The appearance of pottery caravan provides students with many possibilities to improve their artistic accomplishment. Students can have a targeted and targeted understanding of various art forms through the pottery caravan, which has played a positive role in developing students’ interest in art and improving their aesthetic ability and artistic accomplishment.

　　Fourth, the effective experience-the double guarantee of policy and organization

　　In order to complete the action plan of revitalizing rural aesthetic education with high quality, our school has built and improved a series of security systems in two years of teaching practice.

　　(a) sound organization and strong guarantee.

　　Personnel security: This project is led by the school leaders, with the cooperation of the Organization Department, Propaganda Department, Student Affairs Office, Youth League Committee, Academic Affairs Office and College of Art and Design, and is generally responsible for the development of aesthetic education infiltration. Relying on the aesthetic education teaching and research team of the College of Art and Design, the school set up the Liaoning Sports Aesthetic Education Infiltration Action Working Group, and assigned a special person to lead the team to ensure the orderly development of all work.

　　Funding guarantee: according to the actual situation of the schools in the recipient areas, the school has formulated a volunteer assistance plan for expert leaders, teachers and students. In order to make the project go smoothly, more than 200,000 yuan of special funds have been allocated successively.

　　(B) standardized management and orderly operation

　　Reasonably formulate the whole course of education assistance and standardize the safety management system. Shenyang ligong university is about 300 kilometers away from the assistance site. The school appointed the resident cadres as safety commissioners to make overall plans for the urban and rural environment, travel safety and personal insurance purchase, and appointed special teachers to guide and lead the team, so that the trip was planned and the track was recorded.

　　(C) Blue Plan, mentoring and bringing new ideas.

　　In order to ensure the sustainable and high-quality development of educational assistance activities, the school implements the "Blue Plan", that is, the implementation of expert teaching, young teachers’ guidance, and college students’ mentoring service system. The teaching assistance team includes 5 professors, 10 associate professors and 4 lecturers. 3 doctors; There are 30 graduate students and 140 undergraduate students in the school, and regular training is held to improve the ability of aesthetic education, always ensuring that the ability of educational assistance is maintained at a high level.

　　During the implementation of the "Blue Plan", many outstanding teachers and student volunteers emerged. For example, Dr. Li Ying, a persuasive doctor, Mr. Jin Aiying, an industry expert in children’s aesthetic education, Zhu Hanyu, a member of the Liaoning Outstanding Graduates Publicity Group, party member Wang Zhiduo, an outstanding college student in Liaoning Province, and Kang Linjie, a warm and lovely school sister, etc. In the eyes of the students in the recipient areas, these "masters, handsome boys and young ladies" are the symbols of artistic beauty and their future model goals. Some children bring their candy to the classroom and give it to their brothers and sisters who are looking forward to it.

　　(D) One school, one policy, collaborative construction

　　According to the different audiences and different curriculum requirements of the schools in shenyang ligong university, the aesthetic education assistance team has made a targeted modular teaching plan and assistance scheme.

　　The first is to consolidate the teaching and research module. The team has completed the writing of 200,000 words of special service teaching materials and 50,000 words of art activity planning scheme, and has published teaching and research papers and teaching achievements one after another. The industry-leading teaching system makes the practice of aesthetic education teaching process theoretical and reference; Teacher training is planned and based.

　　The second is to enrich practical activity modules. The team skillfully combined traditional indoor aesthetic education courses with outdoor scientific exploration activities, and conducted live online teaching at the same time, with more than 10,000 people watching live, sharing aesthetic education work experience with the same industry in society. Innovative activities expand the new service mode for the content of rural aesthetic education.

　　The third is to open an aesthetic education hotline module. In order to benefit more rural students and better solve the difficult problems in rural aesthetic education, the team opened an aesthetic education consultation line to answer the questions of rural students in the art learning process.

　　(E) Aesthetic education innovation, take the lead in setting an example.

　　Mobilize the enthusiasm of participating in aesthetic education activities with innovative cloud services, and carry out online and offline hybrid flip aesthetic education infiltration classes anytime and anywhere to improve the second classroom efficiency of primary and secondary school students. Carefully select teachers’ lesson plans, and use information technology, art learning tools, creative materials, life cognition and other auxiliary means to enhance the pertinence of practical activities, provide more support for art activity design, and bring students a brand-new learning experience.

　　Fifth, the next promotion and implementation plan-continue the tradition and create the future

　　On the basis of the fruitful achievements of aesthetic education infiltration in our school, we will continue to innovate the implementation and development of aesthetic education infiltration projects, integrate the improvement of primary and secondary school students’ hands-on operation ability, aesthetic taste and creative thinking into the aesthetic experience of Chinese traditional culture and art, promote primary and secondary school students’ love for Chinese traditional culture, stimulate students’ national pride and social responsibility, and continuously enhance cultural self-confidence.

　　(A) Give full play to the advantages of disciplines and create a "Handmade Ceramic Art Practice Workshop" with regional cultural characteristics.

　　Shenyang ligong university Institute of Art and Design "Liaojin Ceramic Art Center" has carried out a number of national and provincial video quality courses and other related research projects after more than 20 years of first-line teaching practice and accumulated experience in the construction of ceramic societies in many primary and secondary schools in Shenyang in recent years. In 2022, he won the first prize of teaching achievement in Liaoning Province. It has gradually formed a blueprint for community practice courses based on the national video quality course and the national first-class undergraduate course "One Talk and One Practice of Ceramic Art", formulated a theme of "One School, One Product" which is in line with the development of school aesthetic education, created a practical workshop of handmade ceramic art, and transferred the accumulated teaching experience and achievements to aesthetic education classes and extracurricular activities, further upgrading the rural aesthetic education.

　　(B) to help schools build a "creative art practice workshop."

　　Relying on the new media art major of shenyang ligong university Institute of Art and Design, and combining with the school-enterprise cooperation units-Shenyang Kale Education Information Consulting Co., Ltd. and Shenyang Dahuangdian Children’s Art Training Center, we will build a "Creative Art Practice Workshop" for helping local schools, so as to enhance the diversified cognition of children aged 8-14 in primary school from various angles. There are not only Chinese and western painting techniques training, but also all-round artistic thinking training of students’ imagination and creativity, and teaching students in accordance with their aptitude according to their age.

　　(C) Continue to promote the construction of cloud-based aesthetic education infiltration video courses.

　　On the basis of the existing accumulated online students, we will continue to innovate the service mode and course mode, stabilize the number of students, continue to strengthen the construction of platforms in WeChat official account and Tik Tok, and expand the influence of aesthetic education on online platforms.

　　(D) Responsibility, bearing the mission of educating people and leading universities.

　　After years of construction experience, abundant aesthetic education resources and excellent reputation, shenyang ligong university Aesthetic Education Team has been continuously reported by the government and provincial and municipal TV stations, and won the special report of learning power and today’s headlines.

　　In 2023, based on the team that won the provincial first-class teaching achievement award, the school plans to build a "Demei Runxin" cloud service platform, and through the platform, it will recruit teachers and students from all levels inside and outside the province to actively participate, as well as outstanding alumni from the world’s top art universities to join hands. At the same time, it also focuses on attracting college students from rural areas to participate in the volunteer program, so that they can return to their hometown through the training of the project, forming a two-way promotion mechanism of "going to the countryside and coming back to the countryside", and transmitting the artistic voice of the city to their mountain villages, so that the flowers of art can bloom in Qingshan.

　　At present, the strategic planning of aesthetic education assistance in our school has reached alliance intention with more than 10 colleges and universities, and it is planned to drive more colleges and enterprises to carry out public welfare education projects with reference to this model in the future.

　　Rural aesthetic education has a great responsibility and a glorious mission. In the future, shenyang ligong university will take the "Pottery Caravan" project as the starting point, constantly develop new forms of rural aesthetic education, broaden the audience of rural aesthetic education, improve the core development strength of the education team, contribute to the rural aesthetic education, and be the successor to shorten the "last mile" gap between urban and rural aesthetic education, so that aesthetic education can be immersed in every inch of rural land and moisten the hearts of every rural child.

Yichexun According to domestic media reports, the annual sales target of the international community in 2024 is 600,000 vehicles. In addition, AITO will launch the new M5 in the first half of next year and the new M8 in the second half of next year.

With the listing of AITO, there are currently three models of M5, M7 and M9 on sale. In the second half of next year, there will be a brand-new model M8, which will ensure that at least four models are on sale. At the beginning of this year, when Cyrus signed a joint business deepening cooperation agreement with Huawei, the two sides set the production and sales target of new energy vehicles as 1 million in 2026.

According to statistics, more than 68,000 vehicles have been delivered from January to November in 2023. According to the latest official data, the M9 has exceeded 10,000 units within two hours of listing, and the cumulative order volume has reached 54,000 units. At present, the large order is still rising, and the first batch of exhibition cars have arrived in 89 cities across the country, with a total of 252 stores. In addition, the total number of new M7 in the world has exceeded 120,000, and the monthly delivery capacity has reached 30,000. (Source:Late Auto)

Open the Easy Car App, click "Intelligent Measurement" on the home page, learn about the hot new car technology highlights from multiple angles, and get the authoritative reference for purchasing smart electric vehicles.

　　Yesterday, IKEA held a media communication meeting in response to another fatal incident of MALM chest of drawers. Zhu Changlai, president of IKEA Retail China, said that the recall of malm chest of drawers was not repeated in China, but the affected consumers could continue to seek wall-mounted accessories, wall-mounted installation and other services, and the product has not been discontinued so far. Recently, another child was hit by this chest of drawers, causing IKEA to recall 17.3 million chest of drawers in the United States and Canada. Up to now, similar accidents have caused eight children to die.

　　IKEA has no recall plan in China.

　　In response to the question that the IKEA China market was treated differently, Zhu Changlai explained yesterday that the United States and Canada did not recall this time, but reiterated the information of the last recall. Although IKEA has no further recall plan in the China market, it is "strengthening the depth and breadth of the recall" and "making 3,000 phone calls a week, and has conveyed the precautions to customers."

　　She stressed that although IKEA has no plans to continue to recall this product, it will continue its after-sales service, including return and full refund. "Our response measures have also been affirmed by the AQSIQ." Zhu Chang said. According to IKEA, the chest of drawers continues to be produced and sold, and there is no plan to stop production.

　　The sold chest of drawers can be returned in full.

　　Zhu Changlai introduced that IKEA China has taken four measures to deal with the chests of drawers in malm that have been sold: First, for customers who have bought chests of drawers in malm, IKEA will continue to provide wall fittings free of charge to ensure their safe use; Second, consumers can contact IKEA staff, and IKEA will provide free on-site installation and fixed services; Third, for consumers who don’t want to continue to use malm chest of drawers, they can return the products to IKEA stores, and IKEA will refund the full amount; Fourth, consumers can also contact IKEA to provide door-to-door collection service, and IKEA will also refund the full amount. At the same time, according to IKEA, when customers buy this product in the IKEA store, the sales staff will also remind them that the product needs to be on the wall.

　　Zhu Changlai said that there are similar risks in the entire home furnishing industry. What we need to do now is to warn of the existence of risks and awaken everyone’s attention to furniture safety. "What we want to emphasize is that as long as IKEA is firmly fixed on the wall, there is no safety and quality problem. Any chest of drawers higher than 75 cm may fall when standing up." She said. Zhu Changlai also stressed that so far, there has not been any lawsuit in China related to the injury of children caused by chest of drawers in malm, and the sales volume of this chest of drawers this year is not very different from last year.

　　The "problem chest of drawers" has sold over 2 million pieces in China.

　　Ikea malm chest of drawers has repeatedly overturned, resulting in the death of many children. On June 29th last year, IKEA finally announced that it would recall 8 million malm series cabinets and 21 million other types of wardrobes and dressers in the United States and 6.6 million in Canada due to the risk of falling over. In December last year, IKEA agreed to compensate the families of three American children who were crushed to death by their chest of drawers for a total of 50 million dollars (about 347 million yuan), and donated 150,000 dollars to children’s hospitals and non-profit organizations in the name of these three children.

　　It is reported that since 2006, IKEA has sold 2 million malm chests of drawers in the China market, of which more than 22,000 chests of drawers have been recalled, of which more than 8,000 have been returned to IKEA, and some consumers have applied for free wall service.

　　In China, IKEA was interviewed by AQSIQ last year, and in July 2016, it initiated the recall of drawers in malm. At present, the recall notice of malm chest of drawers can still be seen on IKEA official website. IKEA requires all customers who have bought the following chest of drawers from IKEA to check whether the chest of drawers at home is connected to the wall. If the wall connector is missing or in doubt, please choose the nearby IKEA store to get it for free.

　　On November 30th, Shanghai Quality Supervision Bureau interviewed IKEA (China) Investment Co., Ltd. on November 29th, aiming at the recall situation of IKEA malm cabinet series products concerned by the society, asking enterprises to earnestly fulfill the recall obligation, immediately organize defect investigation and analysis, and take effective measures to ensure the personal and property safety of consumers.

Special feature of 1905 film network If you use one word to describe the coming 2020, what would you choose?Under the sudden intrusion of the epidemic, many friends of the film critic have adjusted the rich goals set for this year to the word "alive".

However, similar to the China movie from stagnation to restart, you and I can always find more surprises besides completing the goal of "being alive".

Just last week, many film practitioners were pleasantly surprised to find that the annual box office of China movies in 2020 has exceeded 19.3 billion yuan, and the integer node of 20 billion seems within reach. As the biggest force in this sprint stage, it is naturally scheduled to be released on December 31.

The pre-sale box office on the opening day exceeded 100 million, and this "little red flower", which is incarnated as a little sun in the latest poster, is very hopeful to become a bright sun to help the film market recover at the last minute of 2020.

With the same theme of "being alive", it wants to achieve the goal of love and hope through all the audience.

When the flower falls, she does not die.

Two days after the release, A Little Red Flower released a promotion song called "Flowers".

With sentimental lyrics, the affection between the characters played by Jackson Yee and Liu Haocun is slowly released. The snuggling on the motorcycle and the proximity to the dining table all reveal the ambiguous atmosphere of youth.

Following Ma Xiaoyuan’s ridicule of Wei Yihang’s "Ma Bao", Tao Hui, the mother played by Zhu Yuanyuan, directly pointed out her son’s thoughts for the audience: You are afraid of losing her.

Afraid of losing, isn’t it the truest voice of you and me in 2020? We who continue to study the course of "Cherishing Life" in this year may be better able to experience the resonance of the times in Wei Yihang and Ma Xiaoyuan who are born to die.

Jackson Yee and Liu Haocun, who play cancer patients for the first time, are both leading the second screen. I’m afraid the test they face is not lower than that of you and me who were at a loss before the epidemic. Just like us who are constantly strong under the anti-epidemic achievements, the release of each video material brings surprises and confidence to this "little red flower" with their brilliant performances in skills and emotions.

Different from Xiaobei, which is full of social atmosphere, Jackson Yee’s "problem of juvenile" in A Little Red Flower, although still full of "stubborn" spirit, highlights the natural mentality of teenagers in their growth beyond repression.

What inspired him to go to the sun was naturally the issuer of "Little Red Flower" — — Ma Xiaoyuan played by Liu Haocun. Also terminally ill, the mud child in that movie has been born into a sunny and confident girl, as if all the illnesses in the play had nothing to do with her.

Trapped in the mire of suffering, the little red flower painted on the hand became the connection of flower of life, so that when Xiaoyuan asked "What if we get separated?", Yihang, who had lost his silence, gave the most firm answer:

"You raised this arm in the crowd. As soon as I saw this little red flower, I immediately ran to find you. 」

When the flower falls, she does not die, and the only strength that supports her is love and hope.

What a miserable day, you have overcome it.

A Little Red Flower, who is concerned about anti-cancer issues, has been the third screen contact between director Han Yan and the pain.

From amnesia, which is the background of love story, to leukemia, which is fought by optimism, Han Yan’s creation gradually approaches the truth of realism, but it is also more determined to face the pain with optimism.

As the core clue except "love" in A Little Red Flower, the family relationship between the two families has been the pillar of film promotion since the poster was warmed up. Even my father’s slap in the face of Yihang is fierce but not out of line in the dual context of suffering and Chinese family.

Professor Wu Guanping of Beijing Film Academy, who had seen the film in advance, remembered one of the family scenes vividly when he was a guest on the program "Today’s Film Review": the father who was worried about the money for his children’s treatment at a family dinner could not help but turn around and cry after winning the support promise of "selling the house" from different families.

China’s desire for life, which once touched him, is the most basic and lofty demand of the people for realism 3. After "fuck off!" Tumor jun’s cartoon style, I believe that in A Little Red Flower, where comedy faces such as George W. PINKRAY  joined, Han Yan will continue to actively write about the anti-cancer process with optimism.

For the people of China who have gained rich experience and achievements in fighting the epidemic in this year, this kind of writing has long been beyond the scope of artistic comparison. The anti-cancer family in A Little Red Flower represents the group of you and me who have gone through hardships and are unyielding.

What year-end gift can be more appropriate than this "little red flower" that we cultivated together?

The Expert Perspective of Today’s Film Review

Professor Wu Guanping of Beijing Film Academy:This film has given us a lot of emotional appeal of encouragement and progress, so I think showing the film A Little Red Flower at the end of the year to give you a "little red flower" can make us forget the misfortunes we experienced in 2020 and remember the touch and warmth left by 2020.

Manchester city was crowned the fifth champion.

Manchester City won the World Club Cup 4-0 in Nensai, Froumy.

In the early morning of December 23rd, the World Club Cup final was held between Manchester City and Nence, Froumy. In the end, Manchester City beat their opponents 4-0 and won the first World Club Cup in team history.

Alvarez scored a goal.

Forty seconds into the first half of the game, Manchester City scored the first goal, and Alvarez scored a goal in front of the door, which was also the fastest goal in the history of the World Club Cup. Then, in the 27th minute, Forden made a cross and Nino made an own goal.

Forden’s cross caused Nino to make an own goal.

Entering the second half with a 2-0 advantage, Manchester City played more skillfully-in the 72nd minute, Alvarez assisted Foden to attack the goal; At the last moment of the game, Alvarez added icing on the cake and finally locked the score at 4-0.

Forden tackles the goal.

After leading Manchester City to win the World Club Cup for the first time, Guardiola has led three different teams to win the World Club Cup for four times in his coaching career, all of which set competition records.

Alvarez scored twice.

Guardiola led Barcelona to win the World Club Cup twice in 2009 and 2011, and led Bayern to win the World Club Cup in 2013.

Guardiola, 52, also surpassed Ancelotti and became the coach who won the World Club Cup the most times. In addition, Guardiola is also the first coach to lead three different teams to win the World Club Cup.

"Winning this trophy means becoming the best team in the world. Our players, coaches and logistics staff work hard every day, which brings us such success." Guardiola said in an interview after the game.

"Now we have these five important titles, which are achievements that no other English team has ever achieved."

Guardiola (left) led three different teams to win the World Club Cup four times.

Qi zhou was injured and retired, and Guangdong fell behind in the top competition.

On the evening of 22nd, CBA played seven games in the 20th round of the regular season. All the top three teams in the standings won, and the battle for the top spot became fierce, while the fourth-ranked Guangdong team gradually fell behind after losing.

To make matters worse, qi zhou sprained his knee in the game, and the exact truce time is still unclear.

Qi zhou sprained his knee.

In the game against the Shanghai Men’s Basketball Team, there were 4 minutes and 02 seconds left in the third quarter. qi zhou was single in the low position. Facing the double double double team of Yan Pengfei and Li Hongquan, his right leg parted, causing his knee to fall to the ground in pain.

After lying on the floor for a long time, qi zhou was carried out by a stretcher … Guangdong coach Du Feng also said after the game that he did not know the specific injury of qi zhou, but hoped that the outside world could take care of the players.

Qi zhou was carried off the court on a stretcher.

In other competitions, the "leader" Xinjiang team played against Guangzhou team at home on the same day-Xinjiang team blossomed at the end of the quarter, making the visiting team unable to catch up, and finally won nine consecutive victories at home, 110-98, and continued to rank first in the league standings.

In the third quarter, the Zhejiang team hit an offensive climax of 40-26, which turned the situation around in one fell swoop and beat Sichuan team 104-98 to win 10 consecutive victories.

After this game, the record of Zhejiang team and Xinjiang team were both 17 wins and 3 losses, and Zhejiang team ranked second because of the disadvantage of winning and losing.

Team Liaoning, with a three-game winning streak, played against Qingdao, a team with good strength. Zhao Jiwei contributed 30 points and 8 assists to help the team win 100-92.

In other games, Nanjing team lost to Shanxi team 117-123 away; Shandong narrowly beat Beijing 110-107 away from home in overtime; Jiangsu beat Jilin 110-84 away.

Tres blew out the world wave.

Riyadh wins 3-1 Dammam cooperation, C Ronaldo passes and shoots.

In the early morning of the 23rd, in the 18th round of the Saudi League, Riyadh won 3-1 victory over Dammam Cooperation at home, and Cristiano Ronaldo made contributions to the team and became the hero of the victory.

In the 43rd minute of the first half, Telles blasted a world wave to help Riyadh win the first record. In the second half, Daman made a mistake in the backcourt, and Cristiano Ronaldo assisted brozovic to score the first goal of the league.

Cristiano Ronaldo assists brozovic.

After that, Ma’s fancy ball stopped and then broke into the restricted area, causing the opponent’s handball, and C Ronaldo hit the ball, further expanding the score difference.

After this game, Cristiano Ronaldo rewrote his goal count in 2023 to 51 goals, second only to Kane and Mbappé’s 52 goals.

It is worth mentioning that Cristiano Ronaldo’s goal is also helping the team to warm up for the trip to China.

C Ronaldo scored a penalty.

According to reports, Riyadh Victory officially released a warm-up video of China trip, and Cristiano Ronaldo also appeared in Chinese-"Hello, China! Are you ready? Riyadh victory is coming! "

According to Riyadh’s victorious itinerary, they will play against Shanghai Shenhua and Zhejiang teams in Shenzhen Universiade Center Stadium on January 24th and 28th.

Gu Ailing.

Gu Ailing ranks second in the world in the list of female athletes’ income.

A few days ago, Forbes published the list of the highest-paid female athletes in 2023. China athletes Gu Ailing and Zheng Qinwen were on the list.

Among them, Gu Ailing ranked second in the ranking with a total income of $22.1 million, and Zheng Qinwen ranked 15th with an annual income of $7.2 million.

It is worth mentioning that the annual income announced by Forbes includes two parts: on-site income and off-site income-Gu Ailing’s on-site income is only $100,000, and off-site income has reached $22 million.

Forbes commented on Gu Ailing: "She is a rare athlete whose income has not declined during the Winter Olympics. This freestyle skier and model has long-term sponsorship all over the world."

Compared with Gu Ailing, Zheng Qinwen, a tennis player in China, earned more on-court income, reaching $1.7 million and off-court income of $5.5 million.

Not only Zheng Qinwen, but also tennis players occupy most seats on this list.

Among the top 10 players, nine are from the tennis field-Polish tennis star Swatek won the first place with a total income of $23.9 million, followed by Gu Ailing, and the third place was American tennis player Goff.

Sun Yingsha (third from left), a player from Shenzhen University, high-fived her teammate Chen Meng (second from right) after winning the women’s team semi-final. Xinhua News Agency reporter Liang Xushe

Shandong Luneng Team and Shenzhen University Team joined forces in the Table Tennis Super Finals.

On December 22nd, the 2023 China Table Tennis Club Super League Finals kicked off in Shenzhen. In the women’s team semi-finals, Shandong Luneng team and Shenzhen University team defeated their opponents respectively and joined forces in the finals.

In the first semi-final, Shandong Luneng team faced Shanghai Longteng team. Chen Xingtong/Qian Tianyi defeated Yi Chen/Sun Mingyang 3-0 in the first set, Manyu Wang reversed Zhang Rui 3-2 in the second set, and Shandong Luneng led 2-0 with a big score.

In the third set, Yi Chen beat Chen Xingtong 3-1, and pulled back one point for the Shanghai Longteng team. In the fourth set, Manyu Wang defeated Sun Mingyang 3-1, and Shandong Luneng finally defeated its opponent 3-1 and advanced to the final.

Sun Yingsha returned the ball in the women’s team semi-final. Xinhua News Agency reporter Liang Xushe

The other semi-final was played between Shenzhen University and East China University of Science and Technology.

In the first set, Chen Meng/Kuaiman beat Zhao Shang/Li Yake 3-0, which was the first place for the Shenzhen University team. In the second set, Sun Yingsha beat Wang Yidi 3-0, expanding the team’s lead. In the third set, Li Yake last stand of East China University of Science and Technology beat Chen Meng 3-0.

Sun Yingsha, who played again, defeated Zhao Shang 3-0 and led the Shenzhen University team to win 3-1.

Sun Yingsha said after the game: "The overall performance of this game is relatively normal. I am very happy to be able to enter the final. We still have to concentrate on every game on the field."

Can Sun Yang still go to the Paris Olympics?

Publicity of "Measures for Selection of Swimming Events in Paris Olympic Games"

On the 22nd, the Swimming Management Center of the State Sports General Administration publicized the "Measures for the Selection of Swimming Events for the 2024 Paris Olympic Games" (hereinafter referred to as the "Selection Measures"), which elaborated on the selection basis, basic conditions, athletes’ eligibility, the principle of registration, the selection of coaches and the determination of the list.

According to the Selection Method, the selection of athletes is based on three events: the individual final results of the Fukuoka World Swimming Championships in 2023, the Doha World Swimming Championships in 2024 and the results of the National Swimming Championships in 2024.

Athletes’ eligibility includes single event and relay, and at most two athletes in each event are selected. All of them need to pass 10 special physical fitness assessments, with a full score of 10, and 10 items with a total score of less than 60 will be disqualified.

Specific events include vertical vertical jump, pull-ups, leaning down, starting 15 meters, swimming in the main event with maximum strength, etc.

Athletes and related auxiliary personnel who have been involved in doping violations shall not be selected into the national team in any capacity and be disqualified according to the requirements of the anti-doping management regulations of the State Sports General Administration.

Top 10 World Powers in China’s Public Eyes (Unit:%)

　　On the morning of June 30th, the National Institute of Communication Strategy of Huazhong University of Science and Technology and the People’s Think Tank of People’s Daily published the results of "A Survey on the World Concept of the Chinese and American Public (2017-2018)". The survey was conducted from October 2018 to November 2018, and was conducted by professional survey companies in the form of online questionnaires. The respondents were adult citizens of China and the United States, and 2,500 and 2,562 questionnaires were successfully collected respectively.

　　The National Institute of Communication Strategy of Huazhong University of Science and Technology was established in June, 2013. Since 2014, it has launched the Survey on the World Concept of Chinese and American Public, and since 2016, it has published the National Image Communication Report of China every year. Dean Zhang Kun introduced that the survey asked the Chinese and American public about the diplomacy, geopolitics and global power pattern of today’s great powers from six dimensions: the view of great powers, the view of the United States (China) and the view of national identity, and generally described the "world concept" or "world imagination" of the Chinese and American public. Based on the survey data of the two countries, the research group found some noteworthy phenomena.

　　Each regards the other country as a global power.

　　China’s top ten world powers are the United States, China, Russia, Germany, Japan, Britain, France, Canada, Australia and Israel. The top ten world powers in the eyes of the American public are the United States, China, Russia, Japan, Britain, Germany, Canada, North Korea, South Korea and France.

　　The data shows that Chinese and American respondents regard each other’s country as a global power. However, the respondents in China think that China is slightly higher than the United States in the status of a political power, but slightly inferior to the United States in economic, military, scientific and technological aspects; American respondents believe that the United States is ahead of China in politics, economy, military affairs and science and technology. In the expectation of the future, the self-confidence and optimism of China respondents far exceed that of the United States. 57.7% of China respondents are confident that the overall level of social development in China will surpass that in the United States; American respondents generally affirmed the strong development momentum of China, among which 45.5%, 40.8% and 30.7% thought that China had surpassed or would surpass the United States in science and technology, economy and military affairs respectively.

　　The American public still does not know enough about China.

　　The data shows that there is an obvious gap between Chinese and American public’s understanding of each other’s countries. The American public’s willingness to know information about China is relatively low, while the China public’s understanding of the United States is higher. Less than 40% (36.4%) of the American public said that they knew China very well or well, while nearly 10% (9.8%) of the respondents knew almost nothing about China.

　　"Sino-US trade friction" is harmful to both sides.

　　Generally speaking, the respondents showed a significant negative attitude towards the "Sino-US trade war". 43.5% of the respondents believe that the economic and trade friction between China and the United States will bring negative effects on global economic growth. About 40% of the American public believe that "Sino-US trade friction" is harmful to the social development of both the United States and China.

　　China respondents are more proud than the United States.

　　The data shows that there is a big gap between China and the United States in terms of social trust and national pride. American respondents are more likely to feel distrust of the people they contact in society. The national identity of China respondents is quite remarkable, with the average score of national pride as high as 4.25, while that of American respondents is 3.87.

　　The American public’s praise for China is especially reflected in the fields of economy and science and technology. Nearly a quarter of the respondents believe that China’s scientific and technological level will be better than that of the United States, and 21.4% of the respondents even believe that China’s scientific and technological strength has already overwhelmed the United States. More than one-fifth of the respondents believe that China’s economic development will surpass that of the United States in the future. Similarly, nearly one-fifth of the respondents believe that China’s overall social development and military level will also surpass the United States.

　　The American public’s evaluation of Trump is quite different

　　The data shows that the scores of Trump by the public of different races are quite different: the highest score is given by white/Caucasian respondents, and the lowest score is given by black/African-American groups. This is the same as Trump’s campaign.

　　There are obvious differences in Trump scores among different income groups. The higher the income, the greater the goodwill: the high-income group gave it a high score of 7.57, while the low-income group only gave it a score of 4.02. This result is different from the support groups during the campaign. According to the analysis of the report, the trade protectionism vigorously advocated by President Trump during his term of office won the general favor of high-income groups.

　　Trump’s rating of the American public with different education levels showed a trend of high at both ends and low at the middle. Trump’s scores of junior high school and below and graduate students and above are almost the same, with 6.54 points and 6.53 points respectively. According to the analysis of the report, Trump gained some goodwill within the elite group, breaking the situation that only people with low academic qualifications supported during the campaign.

　　Reporter Zhu Jianhua Yang Jiafeng

Continue to pay attention to Mr. Wang’s car purchase experience in Haikou. In January this year, Mr. Wang ordered a GX550 model in Haikou Zhongsheng Lexus 4S store. After signing the contract and paying the deposit, he was asked to pay an additional service fee of 100,000 yuan, otherwise he could not pick up the car. In response to Mr. Wang’s complaint, the reporter jointly enforced the law to investigate, and the attitude of the 4S shop was unexpected. In the end, the commercial department will sort out the evidence and hand it over to the law enforcement department for investigation and handling according to law. Next, we will pay attention to the latest progress of this matter.

News review

On the morning of January 16th, Mr. Wang was in Haikou Zhongsheng Lexus Automobile Sales & Service Co., Ltd., and talked about buying the latest GX550 model at a price of 931,873 yuan. The two parties subsequently signed a contract of intent to buy a car and paid a deposit of 50,000 yuan, stipulating that the car is a special car, and the deposit will not be refunded or exchanged. It is expected that the car will be picked up before May 10. But Mr. Wang didn’t wait to pick up the car, but on March 5, he waited for the 50,000 yuan car purchase deposit unilaterally returned by the 4S shop. The reason is that Mr. Wang refused to pay an additional service fee of 100,000 yuan as requested by the other party. After receiving the complaint report, Haikou Municipal Bureau of Commerce, together with the market supervision and management department, went to the store to interview the relevant person in charge on the suspicion that the 4S store violated the price law. The on-site customer service manager can’t come up with the relevant terms of the company’s collection of value-added service fees, and can’t explain why the deposit of 50,000 yuan is invalid. In the face of the on-site law enforcement of the two departments, the person in charge of Haikou Zhongsheng Lexus Automobile Sales and Service Co., Ltd. has always been strong.

Customer service manager of Haikou Zhongsheng Lexus Automobile Sales & Service Co., Ltd.: Then you can file a case and we will identify it.

After the news broadcast, Mr. Wang’s experience quickly attracted attention. The report quickly broke through 100,000+hits on the all-media platform of Live Hainan. The short video content had more than 1.5 million hits in one hour, and then quickly exceeded 7 million. After three hours of release, the total number of hits on the all-media platform exceeded 10 million, and the majority of netizens also expressed their opinions on this issue.

On the morning of March 9, the reporter came to Haikou Zhongsheng Lexus Automobile Sales & Service Co., Ltd. again. This time, another staff member docked the matter and said that it was not convenient to respond because it had not been properly negotiated with Mr. Wang.

In fact, complaints and reports about Haikou Zhongsheng Lexus Automobile Sales & Service Co., Ltd.’ s alleged price increase have continued.

In the column of March 15, 2019, the column "Live Hainan" conducted an investigation on Haikou Zhongsheng Lexus Automobile Sales & Service Co., Ltd., which was suspected of bundling gift packages at a higher price. Many car buyers questioned the sales behavior of Haikou Zhongsheng Lexus Automobile Sales & Service Co., Ltd., and commercial and market supervision departments were involved in the investigation.

Sales staff of Haikou Zhongsheng Lexus Automobile Sales & Service Co., Ltd.: There are also 200,000 gift packages.

Reporter: To buy this model, you must buy this 200,000 gift package?

Haikou Zhongsheng Lexus Automobile Sales & Service Co., Ltd. Salesperson: Right. Our store, every store, every Lexus store. If you book a naked car, it will take a long time to pick it up. If you book a naked car, it will take about a year.

Reporter: How many people wait for a year to buy a car? Can you stand it?

Salesperson of Haikou Zhongsheng Lexus Automobile Sales & Service Co., Ltd.: Then this is a choice for you.

Mr. Wu, the owner of Lexus: If you want this car, you can only accept his fare increase. If you can’t accept the fare increase, you’d better not buy Lexus.

Mr. Wang also told reporters that before buying the car, he also asked about the fare increase and gift package, but from beginning to end, no one mentioned the service fee, which made him unacceptable.

Party Mr. Wang: When I started chatting with sales, I asked him directly whether the car would increase the price. He said that the car should not be added up, and at most I would buy a gift package. But I also agreed to the gift package at that time. I bargained with him when I bought the gift package. The gift package was 20,000 yuan. In fact, I added a gift package of 20,000 yuan and bought an extended warranty for the whole vehicle. But later, I really didn’t expect that he would suddenly say that he would increase the price by 100,000 before bringing me the car.

The reporter also learned that the Haikou Municipal Bureau of Commerce has fixed the relevant evidence and sent a letter to the law enforcement department for further investigation. The investigation is expected to be completed within 15 days.

(The original title is "Follow-up is coming! Lexus 4S shop is suspected of price increase, and the commercial department has completed the evidence fixation ").

　　Editor’s Note of China Economic NetShenzhen Jiangbolong Electronics Co., Ltd. (hereinafter referred to as "Jiangbolong") will hold its initial meeting on December 16, 2021. The company plans to list on the Growth Enterprise Market of Shenzhen Stock Exchange this time, and the number of public offerings will not be less than 10% of the total share capital of the company after the issuance, and it will not exceed 42 million shares. The sponsor and lead underwriter are CITIC Jiantou Securities Co., Ltd. and the joint lead underwriter is HSBC Qianhai Securities Co., Ltd. Jiang Bolong plans to raise 1.50 billion yuan this time, of which 700 million yuan will be used for the second phase construction project of Jiang Bolong Zhongshan Storage Industrial Park, 350 million yuan will be used for enterprise-level and industrial-level storage research and development projects, and 450 million yuan will be used to supplement working capital.　

　　From 2018 to January-June, 2021, Jiangbolong’s operating income was 4.228 billion yuan, 5.721 billion yuan, 7.276 billion yuan and 5.302 billion yuan respectively, of which the main business income was 4.228 billion yuan, 5.721 billion yuan, 7.276 billion yuan and 5.301 billion yuan respectively.　

　　From 2018 to January-June, 2021, Jiang Bolong received cash of 4.135 billion yuan, 5.874 billion yuan, 7.539 billion yuan and 5.338 billion yuan, respectively.　

　　From 2018 to January-June, 2021, Jiangbolong’s net profit was-58,436,900 yuan, 127 million yuan, 276 million yuan and 680 million yuan respectively, of which the net profit attributable to the owners of the parent company was-56,539,700 yuan, 128 million yuan, 276 million yuan and 680 million yuan respectively.　

　　From January to June of 2018 to 2021, the net cash flow generated by Jiangbolong’s operating activities was-212 million yuan,-173 million yuan, 424 million yuan and-971 million yuan respectively.　

　　From January to September 2021, Jiangbolong’s operating income was 7.679 billion yuan, a year-on-year increase of 67.45%; The net profit was 948 million yuan, a year-on-year increase of 3997.91%; The net profit attributable to shareholders of the parent company was 948 million yuan, a year-on-year increase of 3997.91%; The net profit of returning to the mother after deduction was 871 million yuan, a year-on-year increase of 475.74%; The net cash flow from operating activities was-838 million yuan, compared with-2,645,900 yuan in the same period of last year, with a change ratio of-31,562.27%.　

　　Jiang Bolong estimates that the operating income in 2021 will be 9.600 billion yuan to 10.140 billion yuan, an increase of 31.94% to 39.36% compared with 2020; The net profit attributable to shareholders of the parent company is 960 million yuan to 1.035 billion yuan, an increase of 247.53% to 274.68% compared with 2020; After deducting non-recurring gains and losses, the net profit attributable to shareholders of the parent company is 883 million yuan to 958 million yuan, an increase of 186.80% to 21.116% compared with 2020.　

　　From 2018 to January-June 2021, the total assets of Jiangbolong were 2.751 billion yuan, 4.033 billion yuan, 5.055 billion yuan and 5.673 billion yuan respectively; The total liabilities were 706 million yuan, 924 million yuan, 1.592 billion yuan and 1.603 billion yuan respectively.　

　　After review, from January to September 2021, the total assets of Jiangbolong were 6.091 billion yuan, an increase of 20.50% over the end of last year; Total liabilities were 1.751 billion yuan, up 9.98% from the end of last year.　

　　From 2018 to January-June 2021, the current ratio of Jiangbolong was 3.60 times, 3.95 times, 2.76 times and 3.06 times respectively, the quick ratio was 1.54 times, 1.87 times, 1.32 times and 0.86 times respectively, and the asset-liability ratio (parent company) was 5.30%, 9.19% and 0.86 times respectively.　

　　From 2018 to January-June 2021, the average asset-liability ratio of comparable listed companies in the same industry was 56.77%, 54.01%, 51.65% and 54.49% respectively. Among them, Smart Global’s asset-liability ratio is 72.19%, 61.16%, 64.14% and 76.66%, Weigang’s asset-liability ratio is 66.34%, 66.89%, 65.80% and 63.09%, and the pirate ship’s asset-liability ratio is 79.94%, 79.54% and 66.　

　　From January to June of 2018 to 2021, Jiangbolong’s monetary funds were 531 million yuan, 1.198 billion yuan, 1.585 billion yuan and 603 million yuan respectively, accounting for 22.83%, 34.47%, 36.86% and 12.76% of current assets respectively.　

　　From 2018 to January-June, 2021, the deposits in Jiangbolong Bank were 531 million yuan, 1.198 billion yuan, 1.585 billion yuan and 603 million yuan respectively, accounting for 99.98%, 99.99%, 100.00% and 99.99% of the monetary funds respectively.　

　　From 2018 to January-June 2021, the book value of Jiangbolong’s accounts receivable was 407 million yuan, 409 million yuan, 385 million yuan and 610 million yuan respectively, accounting for 17.50%, 11.77%, 8.96% and 12.93% of current assets respectively.　

　　From 2018 to January-June, 2021, the balance of accounts receivable of Jiangbolong was 408 million yuan, 410 million yuan, 386 million yuan and 611 million yuan respectively, of which the balance of accounts receivable within three months was 397 million yuan, 405 million yuan, 353 million yuan and 611 million yuan respectively.　

　　From 2018 to January-June, 2021, the amounts paid back by Jiang Bolong after the accounts receivable period were 408 million yuan, 409 million yuan, 386 million yuan and 537 million yuan, respectively, and the proportions of the paid back after the period were 99.87%, 99.90%, 100.00% and 87.88%.　

　　From 2018 to January-June 2021, the turnover rate of accounts receivable of Jiangbolong was 13.83 times, 14.02 times, 18.33 times and 21.30 times respectively, and the average of comparable companies in the same industry was 7.79 times, 7.11 times, 7.39 times and 7.59 times respectively.　

　　From 2018 to January-June, 2021, the accounts receivable turnover of Smart Global, a comparable company in the same industry, was 6.13 times, 5.33 times, 5.18 times and 5.61 times respectively, the accounts receivable turnover of Weigang was 9.75 times, 8.91 times, 9.66 times and 8.53 times respectively, and the accounts receivable turnover of pirate ships was 7.68 times and 6.76 times respectively.　

　　From 2018 to January-June 2021, the book value of Jiangbolong’s inventory was 1.333 billion yuan, 1.825 billion yuan, 2.246 billion yuan and 3.393 billion yuan respectively, accounting for 57.26%, 52.53%, 52.24% and 71.84% of current assets.　

　　From 2018 to January-June 2021, the inventory balance of Jiangbolong was 1.391 billion yuan, 1.852 billion yuan, 2.267 billion yuan and 3.457 billion yuan respectively, and the inventory depreciation reserve was 58.156 million yuan, 27.0826 million yuan, 21.3206 million yuan and 64.1743 million yuan respectively.　

　　Jiang Bolong said that the company’s ending inventory is relatively large, and may further increase with the expansion of the company’s operating scale.　

　　From 2018 to January-June 2021, the inventory turnover rate of Jiangbolong was 3.04 times, 3.23 times, 3.15 times and 2.95 times respectively, and the average of comparable companies in the same industry was 5.21 times, 5.31 times, 5.25 times and 4.23 times respectively.　

　　From 2018 to January-June, 2021, the inventory turnover of Smart Global, a comparable company in the same industry, was 5.72 times, 5.73 times, 6.43 times and 4.97 times respectively, the inventory turnover of Weigang was 6.13 times, 5.71 times, 4.60 times and 3.50 times respectively, and the inventory turnover of pirate ships was 5.64 times, 5.82 times and 5.50 times respectively.　

　　From 2018 to January-June, 2021, Jiang Bolong’s short-term loans were 271 million yuan, 350 million yuan, 414 million yuan and 574 million yuan respectively, accounting for 41.82%, 39.72%, 26.57% and 37.15% of current liabilities respectively.　

　　From 2018 to January-June, 2021, the comprehensive gross profit margin of Jiangbolong was 7.62%, 10.71%, 11.96% and 21.59% respectively, and the gross profit margin showed an overall upward trend.　

　　From 2018 to January-June, 2021, the average gross profit margins of comparable companies in the same industry were 15.17%, 17.42%, 19.05% and 21.54% respectively. Among them, the gross profit margins of Smart Global are 22.62%, 19.60%, 19.28% and 18.44% respectively, while those of Weigang are 6.05%, 11.07%, 14.82% and 18.60% respectively, and those of pirate ships are 11.95%, 16.14% and 20.53 respectively.　

　　According to Jiangbolong’s product categories, the gross profit margin of embedded storage is 6.41%, 14.21%, 10.84% and 24.63%, the gross profit margin of solid-state disk is 4.60%, 5.27%, 9.75% and 15.33%, and the gross profit margin of mobile storage is 10.16%, 10.34% and 18.33% respectively.　

　　From 2018 to January-June, 2021, the sales amount of Jiangbolong to the top five customers was 929 million yuan, 1.803 billion yuan, 2.510 billion yuan and 1.789 billion yuan respectively, accounting for 21.98%, 31.51%, 34.49% and 33.74% of the total sales respectively.　

　　It is worth noting that in 2018, the largest customer of Jiangbolong was the listed company Weir, and the sales amount of Jiangbolong to Weir in that year was 315 million yuan. By 2019, Weir was ranked as the fourth largest customer of Jiangbolong, and the sales amount of Jiangbolong to Weir in that year was 236 million yuan. From January to June in 2020 and 2021, Weir withdrew from the list of the top five customers of Jiangbolong.　

　　From 2018 to January-June, 2021, the purchase amount of Jiangbolong from the top five suppliers was 2.861 billion yuan, 3.962 billion yuan, 4.980 billion yuan and 3.879 billion yuan respectively, accounting for 73.41%, 70.37%, 71.96% and 72.40% of the total purchase amount respectively.　

　　From 2018 to January-June, 2021, the overseas sales accounted for 85.24%, 85.19%, 84.74% and 83.59% respectively, and the overseas purchases accounted for 95.65%, 93.38%, 87.61% and 87.93% respectively.　

　　From 2018 to January-June 2021, the domestic income of Jiangbolong was 624 million yuan, 847 million yuan, 1.110 billion yuan and 870 million yuan respectively, accounting for 14.76%, 14.81%, 15.26% and 16.41% of the main business income respectively.　

　　From 2018 to January-June 2021, Jiangbolong’s overseas income was 3.604 billion yuan, 4.873 billion yuan, 6.165 billion yuan and 4.431 billion yuan respectively, accounting for 85.24%, 85.19%, 84.74% and 83.59% of the main business income respectively.　

　　After long-term technology accumulation, Jiangbolong has formed 47 core technologies closely related to its business, achieved 12 achievements based on core technology research and development, and is engaged in 25 major research and development projects. The Shenzhen Stock Exchange raised questions about the company’s core technology and core competitiveness in the first round and the second round of inquiries about Jiang Bolong. These include: explaining the reasons why the number of invention patents obtained during the reporting period is significantly less than that outside the reporting period, whether most of the current patents of the issuer are obsolete and have no great commercial value, and whether the core technology of the issuer is advanced; Explain the importance of the relevant license of SD memory card to the issuer, the relevant license fee and license period, and whether it can ensure the issuer’s long-term use; Before the signing of the license agreement in June 2019, whether the issuer involved in the use of relevant licenses, whether there were disputes or potential disputes.　

　　According to the prospectus, there are a number of related party transactions in Jiang Bolong, among which a related party sales amount reached 114 million yuan in 2019, which was for Jiang Bolong to sell storage products such as solid state drives to U Lucky International (HK) Co., Ltd. (Youxiang International (Hong Kong) Co., Ltd.). The company is an enterprise in which Xing Xiaobo, the brother of Cai Huabo’s eldest brother and spouse, one of Jiang Bolong’s real controllers, holds 100% shares. In addition, Jiang Bolong’s real controllers Cai Huabo, Cai Lijiang and others have provided unlimited guarantee for Hong Kong Jiang Bolong, a wholly-owned subsidiary of the company.　

　　The price of products sold by Jiang Bolong to related parties is much lower than the unit price of similar products. Shenzhen Stock Exchange’s second round of audit inquiry on Jiang Bolong shows that in 2019, Jiang Bolong sold 114 million yuan to related party Youxiang International (Hong Kong); In 2018-2019, it sold 20,035,100 yuan and 13,083,700 yuan to Hengchu Trade respectively, and sold 6,825,800 yuan and 24,214,400 yuan to friends and partners. In 2020, it will sell 25,855,700 yuan to CLP Port. The selling price of Jiangbolong to related parties is far lower than the selling unit price of similar products. For example, the selling unit price of Jiangbolong to Youxiang International in 2018-2019 ranged from 14.71 yuan/piece to 26.57 yuan/piece, while the average selling unit price of Jiangbolong’s solid-state drives in the same period was 108.74 yuan/piece and 143.28 yuan/piece.　

　　Shenzhen Stock Exchange requires Jiang Bolong to explain the fairness of related party transactions, the reason why the issuer’s sales price to related parties is much lower than the unit price of similar products, whether there is a big difference between the content and model of products sold by the issuer to the related parties and the issuer’s main product sales structure, the necessity and rationality of related transactions, and whether there is any interest transfer situation.　

　　In addition, Jiang Bolong’s equity transfer has also caused the Shenzhen Stock Exchange to pay attention to the inquiry, whether it obviously regulates profits and whitewashes performance. Shenzhen Stock Exchange’s first inquiry about Jiang Bolong showed that the company’s investment income from the disposal of long-term equity investment in 2020 was 107 million yuan, mainly due to the sale of a 2.61% stake in Microelectronics. In November, 2020, Jiangbo Longzi Company Tibet Yuanshi transferred 0.78% and 1.83% equity of a microelectronics company to Kaiying Venture Capital and Chuangke Town respectively. After the completion of the above-mentioned equity transfer, Jiang Bolong’s remaining shareholding ratio in a microelectronics company was 4.79%. At the same time, he no longer sent directors to a microelectronics company and did not participate in its daily operation and management activities, which was considered to have no significant impact on it. He adjusted the remaining 4.79% equity to other non-current financial assets and re-measured it at fair value. As the fair value of a microelectronics company’s equity was higher than the book value of long-term equity investment, a large amount of current investment income was recognized. According to public information, after the transfer, Jiang Bolong remains the third largest shareholder of Deyi Microelectronics.　

　　Shenzhen Stock Exchange requires Jiang Bolong to explain the rationality of the issuer’s confirmation of the investment income of a microelectronic equity sold until 2020 in combination with the payment time and the change time of industrial and commercial registration. Whether the above-mentioned equity transfer time is close to the end of the reporting period has obvious motives for regulating profits and whitewashing performance shows whether Kaiying Venture Capital and Maker Town are related or closely related to the issuer’s actual controller, Dong Jiangao and their related parties.　

　　According to the data released by China Flash Memory Market (CFM) and Omdia(IHS Markit), in 2020, the company ranked seventh in the global market share of eMMC products, third in the global market share of Lexar memory cards and fourth in the global market share of Lexar flash drives. According to public information, the market share of DDR5 is expected to rapidly surpass DDR4.　　

　　The Shenzhen Stock Exchange asked Jiang Bolong to briefly explain the differences in application fields, implementation functions, storage capacity and technical routes of various products of the issuer; Explain the difference between the technical level of the issuer’s main products and its main competitors, and the price difference between the issuer’s main sales price and the similar products with the same specifications of its main competitors, and analyze whether the issuer is competitive compared with its main competitors; Combined with the substitution of DDR5 for DDR4 and the latest technology development in the storage industry, this paper explains whether the issuer’s main product types and technical routes are facing the risk of being replaced or eliminated, and gives a risk warning in the prospectus.　

　　Jiang Bolong said in his reply that the global semiconductor memory market is huge, and the company’s operating income is growing rapidly, but the market share is small and there is broad room for growth.　

　　Jiang Bolong has a commercial secret infringement dispute litigation. According to the prospectus, the case is in the first instance stage and is currently undergoing judicial appraisal related to the facts of the case. Jiang Bolong sued the Shenzhen Intermediate People’s Court on the grounds that the defendants Hao Lu, Zhao Ying and Shenzhen Jingcun Technology Co., Ltd. infringed the commercial secrets of Jiang Bolong’s testing technology. On June 22, 2020, the Shenzhen Intermediate People’s Court issued the Notice of Accepting Cases to accept the case. Defendant Hao Lu was a retired employee of Jiang Bolong and participated in the research and development of LPDDR3 testing technology. Jiang Bolong discovered that the defendant was selling products containing the above testing technology in the market at the end of 2018, so he sued the defendant to stop the infringement and jointly compensated Jiang Bolong for economic losses and punitive damages totaling 132,044,800 yuan. Jiang Bolong disclosed the draft prospectus on December 9, 2021, showing that as of the signing date of the prospectus, the case was in the first instance stage. At present, judicial expertise related to the facts of the case is being carried out. In addition, Jiang Bolong’s WeChat WeChat official account published a message on July 13, 2020. On July 7, 2020, the company suddenly received a lawyer’s letter from Jingcun Company, claiming that Jiang Bolong deliberately concealed the facts and framed others.　

　　According to the prospectus, Cai Huabo, the controlling shareholder of Jiang Bolong, was involved in the case of Ji Zhen, the former deputy head of Nanshan District, Shenzhen, as a witness. According to the criminal judgment No.350 (2017) at the beginning of Guangdong 03 Criminal Sentence made by Shenzhen Intermediate People’s Court on December 18th, 2017 and the Criminal Ruling No.395 (2018) at the end of Guangdong Criminal Sentence made by Guangdong Higher People’s Court on June 8th, 2018, Ji Zhen introduced Huade Company and Jiang Bolong to Cai Huabo on the grounds of supporting his student Zeng Moming to start a business. Huade Company’s business scope includes integrated circuit business and Jiangbolong Co., Ltd. has outsourcing cooperation with other manufacturers in testing business. Therefore, Jiangbolong Co., Ltd. signed an entrusted testing contract with Huade Company and paid a testing fee of 1 million yuan, but Huade Company failed to fulfill its corresponding contractual obligations, and this testing fee was actually occupied by Ji Zhen. Hou Jizhen was convicted of accepting bribes and corruption, and the case has been closed.　

　　According to the refereeing document network, in the first half of 2013, Shenzhen Jiangbolong Electronics Co., Ltd. (hereinafter referred to as "Jiangbolong Company") applied to the Nanshan District Government for funding for science and technology projects, and with the help of the defendant Ji Zhen, it finally won the funding for science and technology projects of RMB 2 million. Since then, Ji Zhen asked Cai Mobo, the chairman of the company, that the company sign an entrusted test contract with Huade Company and pay the test fee of RMB 1 million. Cai Mobo agreed. On November 27th, 2013, Ji Zhen appointed Zeng Moming to sign a contract with Jumbolong Company on behalf of Huade Company. On January 6, 2014, Jumbolong Company transferred RMB 1 million to Huade Company. The contract was not actually performed, and it was a false contract. The so-called test fee was the benefit fee charged by Ji Zhen to Jiang Bolong Company, which was used by Ji Zhen for personal purchase.　

　　According to the prospectus, Jiang Bolong distributed cash dividends of 20 million yuan and 59.3383 million yuan in April 2018 and May 2021 respectively. Regarding the above cash dividends, Shenzhen Stock Exchange asked Jiang Bolong to analyze and explain the necessity and appropriateness of the relevant large cash dividends, and whether they match with Jiang Bolong’s financial situation, focusing on analyzing and explaining the rationality of Jiang Bolong’s cash dividends in the case of losses in 2018, such as the articles of association of Jiang Bolong. Explain the use of dividend funds of Jiang Bolong’s actual controller and major shareholders.　

　　Mainly engaged in the research, development, design and sales of Flash and DRAM memories.　

　　Jiang Bo is mainly engaged in the research, development, design and sales of Flash and DRAM memories. The company faces the application market and consumer market of consumer electronics, industry, communication, automobile, security, monitoring and other industries, and provides customers with high-performance, high-quality and innovative memory chips and products. The company has four product lines: embedded storage, solid-state hard disk, mobile storage and memory stick.　

　　The draft prospectus disclosed by Jiang Bolong on December 9, 2021 shows that as of the signing date of the prospectus, the controlling shareholder of the company is Cai Huabo, and the actual controllers are Cai Huabo and Cai Lijiang. Cai Huabo and Cai Lijiang are brothers and sisters. Together, they directly and indirectly control 246 million shares, accounting for 66.33%, of which Cai Huabo directly holds 162 million shares, accounting for 43.68%. Cai Lijiang directly holds 14.7 million shares, with a shareholding ratio of 3.96%; At the same time, Cai Huabo indirectly controlled 69.3 million shares, accounting for 18.69%, by being the executive partner of Longxi No.1, Longxi No.2, Longxi No.3, Longjian Management and Longxi No.5..　

　　Cai Huabo is the largest shareholder of Jiang Bolong, with a shareholding ratio of 43.68%; The National IC Fund is the second largest shareholder of the company, with a shareholding ratio of 6.93%; Cai Lijiang is the eighth largest shareholder of the company, with a shareholding ratio of 3.96%; Longxi No.1, Longxi No.2 and Longxi No.3 are the fourth, fifth and sixth largest shareholders of the company respectively, with shareholding ratios of 5.13%, 5.13% and 4.80% respectively; Longxi No.5 is the twelfth largest shareholder of the company, with a shareholding ratio of 1.70%.　

　　According to the prospectus, Cai Huabo is a China citizen with no permanent residency abroad. He was born in 1976 and has a high school education. From 1996 to 1999, he served as a salesman of Shenzhen Haiyangwang Investment Development Co., Ltd.; Jiang Bolong Co., Ltd. was founded in 1999 and has served as general manager, executive director and chairman of Jiang Bolong Co., Ltd.; From 2015 to 2018, he served as an independent director of Beijing Junzheng Integrated Circuit Co., Ltd.; He is currently the chairman and general manager of the company.　

　　Cai Lijiang, a China citizen with no permanent residency abroad, was born in 1976 and graduated from Jiangxi Hualian Institute of Foreign Trade with a junior college degree. From September 1998 to October 1999, he served as a design engineer of Shenzhen Baoan Debao Industrial Development Co., Ltd.; Since October 1999, he has worked in Jiang Bolong, and now he is the senior vice president of the company.　

　　Jiang Bolong plans to be listed on the Growth Enterprise Market of Shenzhen Stock Exchange this time. The number of public offerings is not less than 10% of the total share capital of the company after the issuance, and it does not exceed 42 million shares. The sponsor and lead underwriter are CITIC Jiantou Securities Co., Ltd., and the joint lead underwriter is HSBC Qianhai Securities Co., Ltd. Jiang Bolong plans to raise 1.5 billion yuan this time. After deducting the issuance expenses, he will invest in the following projects:　

　　1. The second phase construction project of Jiangbolong Zhongshan Storage Industrial Park, with a total investment of 700 million yuan, plans to invest 700 million yuan to raise funds; 2. Enterprise-level and industrial-level memory research and development projects, with a total investment of 361 million yuan, and plans to invest 350 million yuan to raise funds; 3. Replenish the working capital. The total investment of the project is 450 million yuan, and it is planned to invest 450 million yuan to raise funds.　

　　In the first half of 2021, the operating income was 5.302 billion yuan, and the net profit was 680 million yuan.　

　　From 2018 to January-June, 2021, Jiangbolong’s operating income was 4.228 billion yuan, 5.721 billion yuan, 7.276 billion yuan and 5.302 billion yuan respectively, of which the main business income was 4.228 billion yuan, 5.721 billion yuan, 7.276 billion yuan and 5.301 billion yuan respectively.　

　　From 2018 to January-June, 2021, Jiang Bolong received cash of 4.135 billion yuan, 5.874 billion yuan, 7.539 billion yuan and 5.338 billion yuan, respectively.　

　　From 2018 to January-June, 2021, Jiangbolong’s net profit was-58,436,900 yuan, 127 million yuan, 276 million yuan and 680 million yuan respectively, of which the net profit attributable to the owners of the parent company was-56,539,700 yuan, 128 million yuan, 276 million yuan and 680 million yuan respectively.　

　　From January to June of 2018 to 2021, the net cash flow generated by Jiangbolong’s operating activities was-212 million yuan,-173 million yuan, 424 million yuan and-971 million yuan respectively.　

　　In 2018, 2019 and January-June, 2021, the net cash flow generated by Jiangbolong’s operating activities was lower than the current net profit, mainly because with the expansion of production and operation scale, the company’s inventory scale grew rapidly, and the cash expenditure for purchasing goods and accepting labor services was relatively large; In 2020, the net cash flow generated by the company’s operating activities was higher than the current net profit, mainly because the downstream customers paid back more actively and the sales paid back well when the market was good and the storage products were in short supply. At the same time, the company adopted a more active purchasing and stocking strategy. In the fourth quarter of 2020, the inventory purchase scale was large, and the amount of accounts payable increased rapidly at the end of the credit period.　

　　It is estimated that the annual operating income in 2021 will be 9.600 billion yuan to 10.140 billion yuan, and the net profit returned to the mother will be 960 million yuan to 1.035 billion yuan.　

　　After review, from January to September 2021, the total assets of Jiangbolong were 6.091 billion yuan, an increase of 20.50% over the end of last year; Total liabilities were 1.751 billion yuan, up 9.98% from the end of last year.　

　　From January to September 2021, Jiangbolong’s operating income was 7.679 billion yuan, a year-on-year increase of 67.45%; The net profit was 948 million yuan, a year-on-year increase of 3997.91%; The net profit attributable to shareholders of the parent company was 948 million yuan, a year-on-year increase of 3997.91%; The net profit returned to the mother after deduction was 871 million yuan, a year-on-year increase of 475.74%.　

　　From January to September 2021, the net cash flow generated by Jiangbolong’s operating activities was-838 million yuan, compared with-2,645,900 yuan in the same period of last year, with a change ratio of-31,562.27%.　

　　Jiang Bolong said in the prospectus that from January to September 2021, the net cash flow generated by the company’s operating activities was-838 million yuan, and the net outflow increased rapidly compared with the same period of last year, mainly because on the one hand, with the expansion of production and operation scale, the company’s inventory increased by 1.182 billion yuan at the end of September 2021 compared with the end of last year, and the cash expenditure for purchasing goods and accepting labor services was relatively large; On the other hand, the company’s operating income maintained steady growth, and the accounts receivable at the end of September 2021 increased by 309 million yuan compared with the end of the previous year.　

　　In addition, based on the current operating conditions and market environment of Jiangbolong, the company expects its annual operating income to be 9.600 billion yuan to 10.140 billion yuan in 2021, an increase of 31.94% to 39.36% compared with 2020; The net profit attributable to shareholders of the parent company is 960 million yuan to 1.035 billion yuan, an increase of 247.53% to 274.68% compared with 2020; After deducting non-recurring gains and losses, the net profit attributable to shareholders of the parent company is 883 million yuan to 958 million yuan, an increase of 186.80% to 21.116% compared with 2020.　

　　Jiang Bolong’s above-mentioned 2021 annual performance forecast is only a reasonable estimate of the management’s operating performance, and it does not constitute the company’s profit forecast or performance commitment without being audited or reviewed by certified public accountants.　

　　In the first half of 2021, the total assets were 5.673 billion yuan and the total liabilities were 1.603 billion yuan.　

　　From 2018 to January-June 2021, the total assets of Jiangbolong were 2.751 billion yuan, 4.033 billion yuan, 5.055 billion yuan and 5.673 billion yuan respectively, of which the current assets were 2.327 billion yuan, 3.475 billion yuan, 4.299 billion yuan and 4.723 billion yuan respectively.　

　　From 2018 to January-June, 2021, Jiang Bolong’s total liabilities were 706 million yuan, 924 million yuan, 1.592 billion yuan and 1.603 billion yuan respectively, of which current liabilities were 647 million yuan, 881 million yuan, 1.560 billion yuan and 1.546 billion yuan respectively.　

　　From 2018 to January-June 2021, the current ratio of Jiangbolong was 3.60 times, 3.95 times, 2.76 times and 3.06 times respectively, the quick ratio was 1.54 times, 1.87 times, 1.32 times and 0.86 times respectively, and the asset-liability ratio (parent company) was 5.30%, 9.19% and 0.86 times respectively.　

　　From 2018 to January-June 2021, the average asset-liability ratio of comparable listed companies in the same industry was 56.77%, 54.01%, 51.65% and 54.49% respectively. Among them, Smart Global’s asset-liability ratio is 72.19%, 61.16%, 64.14% and 76.66%, Weigang’s asset-liability ratio is 66.34%, 66.89%, 65.80% and 63.09%, and the pirate ship’s asset-liability ratio is 79.94%, 79.54% and 66.　

　　In the first half of 2021, the monetary fund was 603 million yuan.　

　　From January to June of 2018 to 2021, Jiangbolong’s monetary funds were 531 million yuan, 1.198 billion yuan, 1.585 billion yuan and 603 million yuan respectively, accounting for 22.83%, 34.47%, 36.86% and 12.76% of current assets respectively.　

　　From 2018 to January-June, 2021, the deposits in Jiangbolong Bank were 531 million yuan, 1.198 billion yuan, 1.585 billion yuan and 603 million yuan respectively, accounting for 99.98%, 99.99%, 100.00% and 99.99% of the monetary funds respectively.　

　　The balance of accounts receivable in the first half of 2021 was 611 million yuan.　

　　From 2018 to January-June 2021, the book value of Jiangbolong’s accounts receivable was 407 million yuan, 409 million yuan, 385 million yuan and 610 million yuan respectively, accounting for 17.50%, 11.77%, 8.96% and 12.93% of current assets respectively.　

　　From 2018 to January-June, 2021, the balance of accounts receivable of Jiangbolong was 408 million yuan, 410 million yuan, 386 million yuan and 611 million yuan respectively, of which the balance of accounts receivable within three months was 397 million yuan, 405 million yuan, 353 million yuan and 611 million yuan respectively.　

　　From 2018 to January-June, 2021, the amounts paid back by Jiang Bolong after the accounts receivable period were 408 million yuan, 409 million yuan, 386 million yuan and 537 million yuan, respectively, and the proportions of the paid back after the period were 99.87%, 99.90%, 100.00% and 87.88%.　

　　From 2018 to January-June 2021, the turnover rate of accounts receivable of Jiangbolong was 13.83 times, 14.02 times, 18.33 times and 21.30 times respectively, and the average of comparable companies in the same industry was 7.79 times, 7.11 times, 7.39 times and 7.59 times respectively.　

　　From 2018 to January-June, 2021, the accounts receivable turnover of Smart Global, a comparable company in the same industry, was 6.13 times, 5.33 times, 5.18 times and 5.61 times respectively, the accounts receivable turnover of Weigang was 9.75 times, 8.91 times, 9.66 times and 8.53 times respectively, and the accounts receivable turnover of pirate ships was 7.68 times and 6.76 times respectively.　

　　The inventory balance in the first half of 2021 was 3.457 billion yuan.　

　　From 2018 to January-June 2021, the book value of Jiangbolong’s inventory was 1.333 billion yuan, 1.825 billion yuan, 2.246 billion yuan and 3.393 billion yuan respectively, accounting for 57.26%, 52.53%, 52.24% and 71.84% of current assets.　

　　From 2018 to January-June 2021, the inventory balance of Jiangbolong was 1.391 billion yuan, 1.852 billion yuan, 2.267 billion yuan and 3.457 billion yuan respectively, and the inventory depreciation reserve was 58.156 million yuan, 27.0826 million yuan, 21.3206 million yuan and 64.1743 million yuan respectively.　

　　Jiang Bolong said that at the end of June 2021, the company’s provision for inventory depreciation increased, mainly due to the fluctuation of the market price of memory chips. From January to June 2021, the market demand for memory chips was strong, and the supply and demand of DRAM storage wafers were relatively tight. After the market price of memory chips rose rapidly in the first quarter, the price fell back in the second quarter. As a result, the company’s provision for inventory depreciation increased.　

　　From 2018 to January-June 2021, the inventory turnover rate of Jiangbolong was 3.04 times, 3.23 times, 3.15 times and 2.95 times respectively, and the average of comparable companies in the same industry was 5.21 times, 5.31 times, 5.25 times and 4.23 times respectively.　

　　From 2018 to January-June, 2021, the inventory turnover of Smart Global, a comparable company in the same industry, was 5.72 times, 5.73 times, 6.43 times and 4.97 times respectively, the inventory turnover of Weigang was 6.13 times, 5.71 times, 4.60 times and 3.50 times respectively, and the inventory turnover of pirate ships was 5.64 times, 5.82 times and 5.50 times respectively.　

　　Jiang Bolong said that the company’s ending inventory is relatively large, and may further increase with the expansion of the company’s operating scale. Every year, the company makes corresponding provision for depreciation according to the amount that the net realizable value of the inventory is lower than the cost. Because the gross profit margin of the company’s products is relatively low and the inventory scale is relatively large, in the future, if the market supply and demand change greatly, the raw material price fluctuates greatly, the product market price and gross profit margin drop sharply, and the technical iteration leads to the decline or elimination of product demand, the company will face the risk of inventory depreciation loss, which will adversely affect the company’s financial situation and operating results.　

　　In the first half of 2021, the short-term loan was 574 million yuan.　

　　From 2018 to January-June, 2021, Jiang Bolong’s short-term loans were 271 million yuan, 350 million yuan, 414 million yuan and 574 million yuan respectively, accounting for 41.82%, 39.72%, 26.57% and 37.15% of current liabilities respectively.　

　　Jiang Bolong said that at the end of each reporting period, the amount of short-term loans of the company showed an upward trend, mainly due to the increase in capital demand with the expansion of the company’s business scale.　

　　In the first half of 2021, the comprehensive gross profit rate was 21.59%, which was lower than the industry average in the first three years.　

　　From 2018 to January-June, 2021, the comprehensive gross profit margin of Jiangbolong was 7.62%, 10.71%, 11.96% and 21.59% respectively, and the gross profit margin showed an overall upward trend.　

　　From 2018 to January-June, 2021, the average gross profit margins of comparable companies in the same industry were 15.17%, 17.42%, 19.05% and 21.54% respectively. Among them, the gross profit margins of Smart Global are 22.62%, 19.60%, 19.28% and 18.44% respectively, while those of Weigang are 6.05%, 11.07%, 14.82% and 18.60% respectively, and those of pirate ships are 11.95%, 16.14% and 20.53 respectively.　

　　According to Jiangbolong’s product categories, the gross profit margin of embedded storage is 6.41%, 14.21%, 10.84% and 24.63%, the gross profit margin of solid-state disk is 4.60%, 5.27%, 9.75% and 15.33%, and the gross profit margin of mobile storage is 10.16%, 10.34% and 18.33% respectively.　

　　Jiang Bolong said that from 2018 to January-June 2021, the gross profit margin of the company’s main business was 7.62%, 10.71%, 11.97% and 21.59%, respectively, showing an upward trend. The changes in the gross profit margin of the company’s products were comprehensively affected by factors such as product structure, supply of upstream raw materials, fluctuation of storage market demand and changes in market competition pattern.　

　　In the second half of 2021, the purchase price of storage wafers and the sales price of storage products both fell after the rapid increase in the first half of the year, while the company’s inventory turnover days were about 3-4 months. Due to the interval between purchase and sales cycles, the change of the company’s product sales cost was lagging behind, which led to the decline of the company’s gross profit margin in the fourth quarter of 2021. It is estimated that the gross profit margin in the fourth quarter will be 14%-16%, compared with 2021.　

　　In the future, if the company’s product structure cannot be continuously optimized, the storage wafer supply or storage market demand fluctuates greatly, the market competition becomes increasingly fierce, and the product market price drops sharply, the company will face the risk of fluctuation or decline in gross profit margin.　

　　Risk of fluctuation of gross profit margin caused by fluctuation of wafer price.　

　　The main raw material of Jiangbolong products is storage wafers. From 2018 to January to June 2021, the cost of storage wafers accounted for 78.04%, 75.57%, 79.76% and 79.86% of the company’s main business cost, respectively. The market price changes of storage wafers and storage products have a great impact on the company’s gross profit margin.　　

　　Storage products with general specifications usually have an open market reference price, and the market price transmission mechanism is smooth. The change trend of the sales price of storage products is usually consistent with the change trend of the purchase price of storage wafers. However, because the unit price of product sales is affected by the market price at the point of sale and the unit cost is affected by the market price at the point of purchase, there is a production and sales cycle interval between them, and the change of product unit cost lags behind the change of product sales unit price, which makes the gross profit margin of memory manufacturers fluctuate with the fluctuation of wafer price. Other things being equal, in the rising stage of market price, the sales unit price rises before the unit cost, and the gross profit margin usually shows an upward trend; In the stage of market price decline, the sales unit price falls before the unit cost, and the gross profit margin usually shows a downward trend; When the market price is stable or fluctuating, the difference between the unit selling price and the unit cost is small, and the gross profit margin is usually stable. Therefore, due to the market price fluctuation of storage wafers during the reporting period, the company’s gross profit margin fluctuated due to the periodic interval between wafer procurement and product sales.　

　　In this context, if the market price of storage wafers rises sharply in the future, and the price increase of raw materials fails to be effectively transmitted, the sales price of the company’s products will not rise simultaneously; Or the market price of storage wafers has fallen sharply. Because it takes a certain period of time for procurement and production, the decline in product sales price precedes the decline in cost, which will cause the company to be unable to fully absorb the impact of wafer price fluctuation, so the company has the risk of fluctuation or decline in gross profit margin, which will adversely affect the company’s operating performance and profitability.　

　　The listed company Weil Co., Ltd. was the largest customer of Jiangbolong in 2018 and withdrew from the list of the top five customers in 2020.　

　　From 2018 to January-June, 2021, the sales amount of Jiangbolong to the top five customers was 929 million yuan, 1.803 billion yuan, 2.510 billion yuan and 1.789 billion yuan respectively, accounting for 21.98%, 31.51%, 34.49% and 33.74% of the total sales respectively.　

　　It is worth noting that in 2018, the largest customer of Jiangbolong was the listed company Weir, and the sales amount of Jiangbolong to Weir in that year was 315 million yuan. By 2019, Weir was ranked as the fourth largest customer of Jiangbolong, and the sales amount of Jiangbolong to Weir in that year was 236 million yuan. From January to June in 2020 and 2021, Weir withdrew from the list of the top five customers of Jiangbolong.　

　　Suppliers are relatively concentrated　

　　From 2018 to January-June, 2021, the purchase amount of Jiangbolong from the top five suppliers was 2.861 billion yuan, 3.962 billion yuan, 4.980 billion yuan and 3.879 billion yuan respectively, accounting for 73.41%, 70.37%, 71.96% and 72.40% of the total purchase amount respectively.　

　　Jiang Bolong said that the main raw material of the company’s products is storage wafers. Storage wafer manufacturing is a capital-intensive and technology-intensive high-barrier industry, with large capital investment, high technical threshold and obvious scale effect. These characteristics lead to a high concentration of global storage wafer supply and relatively concentrated suppliers.　

　　From 2018 to January-June, 2021, the company’s purchases from the top five suppliers accounted for 73.41%, 70.37%, 71.96% and 72.40% respectively. In the future, if there is a shortage of major raw materials such as storage wafers due to unexpected events such as natural disasters and major accidents, or due to geopolitical changes, trade frictions, changes in import and export and tariff policies, and cooperation relations, the major raw materials such as storage wafers required for the company’s production may not be supplied in a timely and sufficient manner, and in extreme cases, the supply may be cut off, thus affecting the stability of the company’s production and supply, which may have a major adverse impact on the company’s production and operation.　

　　Overseas sales and overseas purchases all exceed 80%.　

　　From 2018 to January-June, 2021, the overseas sales accounted for 85.24%, 85.19%, 84.74% and 83.59% respectively, and the overseas purchases accounted for 95.65%, 93.38%, 87.61% and 87.93% respectively.　

　　The company said that the scale and amount of overseas sales and purchases are relatively large, accounting for a relatively high proportion. The company’s product export and raw material procurement are mainly denominated and settled in US dollars, and the exchange rate change of RMB has a certain impact on the company’s operating performance. During the reporting period, the company’s exchange earnings were 8,886,400 yuan, 280,500 yuan, 3,356,600 yuan and-2,776,600 yuan, respectively, accounting for 0.19%, 0.99% and -0.35% of the total profits of the current period in 2019, 2020 and January-June 2021, respectively. If the RMB exchange rate fluctuates greatly due to the influence of domestic and foreign economic environment in the future, the company may face certain exchange rate fluctuation risk, which will adversely affect the company’s operating performance.　

　　From 2018 to January-June 2021, the domestic income of Jiangbolong was 624 million yuan, 847 million yuan, 1.110 billion yuan and 870 million yuan respectively, accounting for 14.76%, 14.81%, 15.26% and 16.41% of the main business income respectively.　

　　From 2018 to January-June 2021, Jiangbolong’s overseas income was 3.604 billion yuan, 4.873 billion yuan, 6.165 billion yuan and 4.431 billion yuan respectively, accounting for 85.24%, 85.19%, 84.74% and 83.59% of the main business income respectively.　

　　Jiang Bolong said that during the reporting period, the company’s main business income mainly came from Chinese mainland, Hong Kong, Macao and Taiwan, and the company’s income in Hong Kong, Macao and Taiwan was relatively high, which was consistent with industry practice. Hong Kong has a mature business environment, developed logistics system and convenient transportation conditions, and has strong advantages in resources and supporting capabilities. It has become an important international distribution center for electronic products. Considering factors such as logistics, trading habits, taxation and foreign exchange settlement, delivery in Hong Kong has become an industry practice, and some domestic customers mainly purchase through their Hong Kong branches or supply chain companies.　

　　Core technology and core competitiveness were questioned in two rounds.　

　　After long-term technology accumulation, Jiangbolong has formed 47 core technologies closely related to its business, achieved 12 achievements based on core technology research and development, and is engaged in 25 major research and development projects. In addition, Jiangbolong enhances its competitiveness through continuous technological innovation. By June 30, 2021, the company had obtained 426 valid patents at home and abroad (103 overseas patents), including 165 invention patents, won the China Patent Excellence Award twice and owned 65 software copyrights.　

　　Jiang Bolong suggested in the prospectus that the company has accumulated a number of core technological achievements and intellectual property rights through years of independent research and development, and established an internal control system related to core technologies. In the future, if the internal control system related to the company’s core technology is not effectively implemented, or the core technology is leaked due to gross negligence, malicious collusion and fraud, it may damage the company’s core competitiveness and adversely affect the company’s production and operation.　

　　The Shenzhen Stock Exchange raised questions about the company’s core technology and core competitiveness in the first round and the second round of inquiries about Jiang Bolong. These include:　

　　Combined with the substitution of DDR5 for DDR4 and the latest technology development in the storage industry, this paper explains whether the issuer’s main product types and technical routes are facing the risk of being replaced or eliminated, and gives a risk warning in the prospectus;　

　　Explain the reasons why the number of invention patents obtained during the reporting period is significantly less than that outside the reporting period, whether most of the current patents of the issuer are obsolete and have no great commercial value, and whether the core technology of the issuer is advanced;　

　　Explain the reasons why the number of invention patents applied for and obtained in the reporting period accounted for a small proportion of the number of invention patents issued by the issuer, and whether the issuer has strong innovation and creation attributes;　

　　Explain the importance of the relevant license of SD memory card to the issuer, the relevant license fee and license period, and whether it can ensure the issuer’s long-term use; Before the signing of the license agreement in June 2019, whether the issuer involved in the use of relevant licenses, and whether there were disputes or potential disputes.　

　　In 2019, related sales amounted to 114 million yuan.　

　　According to the prospectus, there are a number of related party transactions in Jiang Bolong, among which a related party sales amount reached 114 million yuan in 2019, which was for Jiang Bolong to sell storage products such as solid state drives to U Lucky International (HK) Co., Ltd. (Youxiang International (Hong Kong) Co., Ltd.). The company is an enterprise in which Xing Xiaobo, the brother of the spouse of Cai Huabo, one of Jiang Bolong’s real controllers, holds 100% of the shares.　

　　From January to June in 2018, 2019 and 2021, Jiang Bolong purchased the main control chips from Deyi Microelectronics and its subsidiaries for 15,569,300 yuan, 5,141,000 yuan and 21,972,500 yuan respectively. The company is a joint venture of Jumbo Longyuan, and part of its equity was transferred in November 2020; Li Zhixiong, director and deputy general manager of Jiang Bolong, once served as a director of the company, and retired in December 2020.　

　　In 2018 and 2018, Jiang Bolong purchased solid-state hard disks from Shenzhen Haoyouban Technology Co., Ltd. for RMB 3,826,500 and RMB 12,163,800 respectively. The company is an enterprise in which Xing Xiaoling, the eldest brother and spouse of Cai Huabo, one of Jiang Bolong’s real controllers, holds 80% of the shares and serves as the general manager and executive director, and Xing Xiaobo, the younger brother of Xing Xiaoling, holds 20% of the shares.　

　　From 2018 to 2020, Jiang Bolong purchased 21,000 yuan, 79,200 yuan and 174,500 yuan from Shenzhen Zhongdian Port Technology Co., Ltd. respectively. The company is an enterprise in which Cai Jing, director of Jiang Bolong, is a director.　

　　In 2018, Jiang Bolong purchased SSD from Sunshine Disk Trading Limited for RMB 212,600. The company is an enterprise in which Xing Xiaoling, the spouse of Cai Huabo’s eldest brother, holds 100% shares.　

　　In 2019 and 2020, Jiang Bolong purchased outsourcing accessories from Wuhu Jinsheng Electronic Technology Co., Ltd. for RMB 5500 and RMB 53000 respectively. The company is a company where Jiang Bolong’s director Zhu Yu once served as a director and retired in June 2018.　

　　In 2018 and 2019, Jiang Bolong sold storage products such as SSDs to U Lucky International (HK) Co., Ltd. (Youxiang International (Hong Kong) Co., Ltd.) for RMB 3,317,300 and RMB 114 million respectively. The company is an enterprise in which Xing Xiaobo, the brother of Cai Huabo’s eldest brother’s spouse, holds 100% of the shares.　

　　In 2018 and 2019, Jiang Bolong sold storage products such as mobile storage to Sunshine Disk Trading Limited for RMB 20,035,100 and RMB 13,083,700 respectively. The company is an enterprise in which Xing Xiaoling, the spouse of Cai Huabo’s eldest brother, holds 100% shares.　

　　From 2018 to 2020, Jiang Bolong sold storage products such as solid-state disks to Shenzhen Haoyouban Technology Co., Ltd. for RMB 6,825,800, RMB 24,214,400 and RMB 280,500 respectively. The company is an enterprise in which Xing Xiaoling, the eldest brother and spouse of Cai Huabo, one of Jiang Bolong’s real controllers, holds 80% of the shares and serves as the general manager and executive director, and Xing Xiaobo, the younger brother of Xing Xiaoling, holds 20% of the shares.　

　　From 2018 to January-June, 2021, Jiang Bolong sold 42,200 yuan, 43,500 yuan, 25,855,700 yuan and 6,895,600 yuan of embedded storage products to Shenzhen Zhongdian Port Technology Co., Ltd. respectively. The company is an enterprise in which Cai Jing, director of Jiang Bolong, is a director.　

　　From 2018 to 2020, Jiang Bolong sold storage products such as solid-state disks to Shenzhen Andaxing Technology Co., Ltd. for 1,103,800 yuan, 443,200 yuan and 169,200 yuan respectively. The company was an enterprise in which Jiang Bolong and Cai Huabo held 20% and 40% shares respectively in the first 12 months of the reporting period, and withdrew in February 2017.　

　　In 2018, Jiang Bolong sold storage products such as wireless memory to Shenzhen Yinglai Hechuang Electronics Co., Ltd. for 1,133,800 yuan. The company is an enterprise in which Cai Huabo’s eldest brother Cai Jinjiang holds 27.43% of the shares and serves as the executive director.　

　　From 2018 to 2020, Jiang Bolong sold 761,100 yuan, 12,400 yuan and 10,900 yuan of embedded storage products to Deyi Microelectronics and its subsidiaries respectively. The company is a joint venture of Jumbo Longyuan, and part of its equity was transferred in November 2020; Li Zhixiong, director and deputy general manager of Jiang Bolong, once served as a director of the company, and retired in December 2020.　

　　In 2018, Jiang Bolong sold storage products such as solid state drives to Wuhu Jinsheng Electronic Technology Co., Ltd. for 411,200 yuan. The company that changed the company to Jiang Bolong’s director Zhu Yu once served as a director has stepped down in June 2018.　

　　In 2018 and 2019, Jiang Bolong sold storage products such as wireless memory to Shenzhen Smart Bay Technology Co., Ltd. for 33,000 yuan and 10,800 yuan respectively. The company is an enterprise in which Cai Huabo’s eldest brother Cai Jinjiang holds 51.14% of the shares and serves as the general manager and executive director.　

　　Cai Huabo and Cai Lijiang, the actual controllers, have provided unlimited guarantees for wholly-owned subsidiaries.　

　　According to the prospectus, Jiang Bolong’s actual controllers Cai Huabo, Cai Lijiang and others have provided unlimited guarantees for Hong Kong Jiang Bolong, a wholly-owned subsidiary of the company.　

　　From July 29, 2015 to June 27, 2018, Cai Huabo provided unlimited guarantee for Hong Kong Jumbolong, which has been fulfilled; From June 29, 2016 to April 13, 2018, Cai Huabo, Cai Lijiang, Li Zhixiong and Netcom Technology (HK) Limited provided unlimited guarantee for Hong Kong Jumbolong, which has been fulfilled; From May 25, 2018 to August 19, 2021, Cai Lijiang provided unlimited guarantee for Hong Kong Jumbolong, which has been fulfilled; From June 27, 2018 to August 19, 2021, Cai Huabo provided Hong Kong Jiang Bolong with a guarantee of 75 million US dollars, which has been fulfilled. In addition, since January 12, 2018, Cai Huabo has continued to guarantee Hong Kong Jumbolong, which has not been fulfilled yet.　

　　In order to meet the normal capital demand under the background of the rapid development of Jiangbolong’s business, the company borrowed funds from Netcom Technology (HK) Limited and Shenzhen Jiangbolong Holdings Co., Ltd., which were controlled by the actual controllers, for temporary capital turnover. The above-mentioned capital borrowing was completed in 2018, and the interest was paid to Netcom Technology (HK) Limited with reference to the Hong Kong Interbank Offered Rate in the same period. The interest was not accrued for the capital borrowing from Shenzhen Jiangbolong Holdings Co., Ltd. due to its short term and small amount. Wang Jingyang and Bai Hongtao used personal funds as the company’s working capital outside the reporting period, and the above-mentioned funds were cleared in 2019.　

　　Jiang Bolong has twice borrowed funds from Netcom Technology (HK) Limited, amounting to US$ 4.9 million and US$ 12 million respectively; RMB 14 million was borrowed from Shenzhen Jiangbolong Holdings Co., Ltd..　

　　Outside the reporting period, Wang Jingyang and Bai Hongtao used personal funds as the company’s working capital, amounting to 3.57 million yuan and 1.42 million yuan respectively.　

　　In addition to the above matters, Jiang Bolong also has receivables and payables from related parties.　

　　The associated sales price is low. Shenzhen Stock Exchange asks whether the benefits are transferred.　

　　Shenzhen Stock Exchange’s second round of audit inquiry on Jiang Bolong shows that in 2019, Jiang Bolong sold 114 million yuan to related party Youxiang International (Hong Kong); In 2018-2019, it sold 20,035,100 yuan and 13,083,700 yuan to Hengchu Trade respectively, and sold 6,825,800 yuan and 24,214,400 yuan to friends and partners. In 2020, it will sell 25,855,700 yuan to CLP Port. The selling price of Jiangbolong to related parties is far lower than the selling unit price of similar products. For example, the selling unit price of Jiangbolong to Youxiang International in 2018-2019 ranged from 14.71 yuan/piece to 26.57 yuan/piece, while the average selling unit price of Jiangbolong’s solid-state drives in the same period was 108.74 yuan/piece and 143.28 yuan/piece.　

　　Shenzhen Stock Exchange requires Jiang Bolong to explain the fairness of related party transactions, the reason why the issuer’s sales price to related parties is much lower than the unit price of similar products, whether there is a big difference between the content and model of products sold by the issuer to the related parties and the issuer’s main product sales structure, the necessity and rationality of related transactions, and whether there is any interest transfer situation.　　

　　Jiang Bolong said in his reply that Hong Kong Youxiang is mainly engaged in the trade of electronic products such as storage, and has certain customer resources and sales channels in the field of storage products. Through cooperation with it, the company aims to expand the market sales of storage products such as solid state drives with its customer resources and sales channels, and it is necessary and reasonable to sell products to it.　

　　At the same time, in addition to selling to Hong Kong Youxiang, the company also sells the same model products to other unrelated third-party customers, accounting for about 20% of the sales to Hong Kong Youxiang, and the sales unit price is basically the same as that of unrelated third parties, so there is no interest transfer.　

　　Therefore, the difference between the sales price calculated by the company from Hong Kong Youxiang and the overall sales unit price of the company’s solid-state hard disk is mainly due to the difference in storage capacity and specifications, and the price calculated based on storage capacity is relatively small; It is necessary and reasonable for the company to sell products to Hong Kong Youxiang. The sales of the same model products to Hong Kong Youxiang account for a relatively small proportion, and the sales unit price is basically the same as that of unrelated third parties, so there is no interest transfer.　

　　When the time of equity transfer approached the end of the reporting period, it was asked whether it was obvious to regulate profits and whitewash performance.　

　　Shenzhen Stock Exchange’s first inquiry about Jiang Bolong showed that the company’s investment income from the disposal of long-term equity investment in 2020 was 107 million yuan, mainly due to the sale of a 2.61% stake in Microelectronics.　

　　In November, 2020, Jiangbo Longzi Company Tibet Yuanshi transferred 0.78% and 1.83% equity of a microelectronics company to Kaiying Venture Capital and Chuangke Town respectively. After the completion of the above-mentioned equity transfer, Jiang Bolong’s remaining shareholding ratio in a microelectronics company was 4.79%. At the same time, he no longer sent directors to a microelectronics company and did not participate in its daily operation and management activities, which was considered to have no significant impact on it. He adjusted the remaining 4.79% equity to other non-current financial assets and re-measured it at fair value. As the fair value of a microelectronics company’s equity was higher than the book value of long-term equity investment, a large amount of current investment income was recognized. According to public information, after the transfer, Jiang Bolong remains the third largest shareholder of Deyi Microelectronics.　

　　Deyi Microelectronics is mainly engaged in the design, technical development and sales of master control chips, and is the upstream manufacturer of the issuer’s industrial chain. In 2018 and 2019, Jiang Bolong purchased master control chips from Deyi Microelectronics for 15.5693 million yuan and 5.1410 million yuan.　

　　One of the questions asked by Shenzhen Stock Exchange to Jiang Bolong on the above issues is: combining the payment time and the change time of industrial and commercial registration, it shows that it is reasonable for the issuer to confirm the investment income of a microelectronic equity sold until 2020; whether there is obvious motivation to control profits and whitewash performance when the above equity transfer time is near the end of the reporting period, and whether Kaiying Venture Capital and Maker Town are related or closely related to the issuer’s actual controller, Dong Jiangao and their related parties.　

　　Shenzhen Stock Exchange asked Jiang Bolong to explain the reasons for not appointing directors to Deyi Microelectronics in the light of the current composition of the board of directors of Deyi Microelectronics and the fact that the issuer’s shareholding ratio is higher than that of the above-mentioned shareholders who have appointed directors to Deyi Microelectronics. Whether the basis for determining that the issuer has no significant influence on Deyi Microelectronics is sufficient, whether it should be determined that it has a significant influence on Deyi Microelectronics in accordance with the principle of substance over form, and whether there are cases in which a large amount of investment income is confirmed by not appointing directors and changing the accounting of Deyi Microelectronics.　

　　Jiang Bolong said in response to the two rounds of audit inquiries of Shenzhen Stock Exchange that the company’s equity transfer time was near the end of the reporting period, and it was fully considered to obtain a microelectronics equity financing arrangement, and it was determined through consultation with the counterparty that there was no motivation to regulate profits and whitewash performance, and there was no case of confirming a large amount of investment income by not sending directors or changing the accounting of Duiyimicroelectronics.　

　　Small market share　

　　According to the data released by China Flash Memory Market (CFM) and Omdia(IHS Markit), in 2020, the company ranked seventh in the global market share of eMMC products, third in the global market share of Lexar memory cards and fourth in the global market share of Lexar flash drives. According to public information, the market share of DDR5 is expected to rapidly surpass DDR4.　　

　　The Shenzhen Stock Exchange asked Jiang Bolong to briefly explain the differences in application fields, implementation functions, storage capacity and technical routes of various products of the issuer; Explain the difference between the technical level of the issuer’s main products and its main competitors, and the price difference between the issuer’s main sales price and the similar products with the same specifications of its main competitors, and analyze whether the issuer is competitive compared with its main competitors; Combined with the substitution of DDR5 for DDR4 and the latest technology development in the storage industry, this paper explains whether the issuer’s main product types and technical routes are facing the risk of being replaced or eliminated, and gives a risk warning in the prospectus.　

　　Jiang Bolong said in his reply that the global semiconductor memory market is huge, and the company’s operating income is growing rapidly, but the market share is small and there is broad room for growth.　

　　Memory, as an irreplaceable functional device in the fields of consumer electronics, communication equipment and Internet of Things, is now　

　　One of the most widely used core components in the information industry, in the global integrated circuit market, memory cores　

　　Chip has always been the product category with the largest market share of integrated circuits. According to the World Semiconductor Trade Statistics Organization　

　　(WSTS) data, the scale of the global integrated circuit industry in 2020 is 361.226 billion US dollars, of which memory cores　

　　The chip scale is $117.482 billion, accounting for 32.52% of the total scale of the integrated circuit industry.　

　　In 2018, 2019 and 2020, the company’s operating income was 4.228 billion yuan, 5.721 billion yuan and 7.276 billion yuan respectively. Based on the global semiconductor memory market size calculated by the World Semiconductor Trade Statistics Organization (WSTS), the company’s operating income accounted for only 0.40%, 0.78% and 0.90% of the global semiconductor memory market size, and its market share remained.　

　　Save a commercial secret infringement dispute litigation.　

　　Jiang Bolong has a commercial secret infringement dispute litigation. According to the prospectus, the case is in the first instance stage and is currently undergoing judicial appraisal related to the facts of the case.　

　　Trade secret infringement dispute: Jiang Bolong sued the Shenzhen Intermediate People’s Court on the grounds that the defendants Hao Lu, Zhao Ying and Shenzhen Jingcun Technology Co., Ltd. infringed the trade secret of Jiang Bolong’s testing technology. On June 22, 2020, the Shenzhen Intermediate People’s Court issued the Notice of Accepting Cases to accept the case. Defendant Hao Lu was a retired employee of Jiang Bolong and participated in the research and development of LPDDR3 testing technology. Jiang Bolong discovered that the defendant was selling products containing the above testing technology in the market at the end of 2018, so he sued the defendant to stop the infringement and jointly compensated Jiang Bolong for economic losses and punitive damages totaling 132,044,800 yuan.　

　　The subject matter involved in the above case is a test algorithm protected by Jiang Bolong in the form of trade secrets, not Jiang Bolong’s patented technology. The relevant testing algorithms are mainly used for testing LPDDR3 DRAM products. When the defendant infringes, because Jiangbolong still sells LPDDR3 products, the relevant testing technology is of certain importance. With the iterative upgrade of Jiangbolong LPDDR DRAM product line, the sales revenue and proportion of LPDDR3 decreased year by year. However, because LPDDR3 is still widely used in the low-end market, the related technologies still have great economic value for storage enterprises that mainly focus on this market.　

　　Jiang Bolong disclosed the draft prospectus on December 9, 2021, showing that as of the signing date of the prospectus, the case was in the first instance stage. At present, judicial expertise related to the facts of the case is being carried out.　

　　In addition, Jiang Bolong’s WeChat WeChat official account published a message on July 13, 2020. On July 7, 2020, the company suddenly received a lawyer’s letter from Jingcun Company, claiming that Jiang Bolong deliberately concealed the facts and framed others.　

　　Regarding the above lawyer’s letter, Jiang Bolong said that the company has sent a lawyer’s letter in time to reply, pointing out that the viewpoint of the other lawyer’s letter can’t be established at all, and reserves the right to safeguard its rights and interests by legal means.　

　　In addition, Jiang Bolong still has a labor dispute.　

　　On April 2, 2021, Jiang Bolong received the Notice of Respondent issued by the People’s Court of Nanshan District, Shenzhen, Guangdong Province. Ceng Sheng, a retired employee of Jiang Bolong, appealed for a judgment to order Jiang Bolong to fulfill the Supplementary Agreement of the Technology Transfer Framework Agreement, grant him 15,000 shares (tentatively 15,000 yuan) and bear the legal costs of the case.　

　　On December 5, 2019, Jiang Bolong signed the Technology Transfer Framework Agreement with three natural persons, including Chengdu elegant demeanour Electronic Technology Co., Ltd. (hereinafter referred to as "Chengdu elegant demeanour") and Ceng Sheng, stipulating that Jiang Bolong would receive some technologies from Chengdu elegant demeanour; On December 6, Jiang Bolong and Ceng Sheng signed the Supplementary Agreement to the Framework Agreement on Technology Transfer, stipulating that Jiang Bolong hired Ceng Sheng and others as employees, who were entitled to join Jiang Bolong’s employee equity incentive plan; On December 11th, Shanghai Jiang Bolong and Ceng Sheng signed the Labor Contract.　

　　On March 27th, 2020, Ceng Sheng and Shanghai Jiang Bolong signed the Agreement on Dissolution (Termination) of Labor Relations (hereinafter referred to as "Dissolution Agreement"), and Shanghai Jiang Bolong gave Ceng Sheng one-off compensation, and the Technology Transfer Framework Agreement, the Supplementary Agreement to the Technology Transfer Framework Agreement signed by Ceng Sheng and Jiang Bolong and the relevant equity incentives in the employment notice became invalid at the same time. On April 7th, 2020, Shanghai Jiangbolong paid all the severance compensation to Ceng Sheng in one lump sum according to the Termination Agreement.　

　　On May 17th, 2021, the People’s Court of Nanshan District, Shenzhen City, Guangdong Province ruled that the case was not an ordinary civil contract dispute but a labor dispute, and dismissed the plaintiff Ceng Sheng’s lawsuit. On May 23, 2021, Ceng Sheng refused to accept the above ruling and appealed to the Shenzhen Intermediate People’s Court. On July 8, 2021, the Shenzhen Intermediate People’s Court issued a Civil Ruling (2021) No.19702, which rejected the appeal and upheld the original ruling.　

　　In addition, Shanghai Jiang Bolong brought a lawsuit to the Yangpu District People’s Court in Shanghai for Ceng Sheng’s violation of the Agreement on Termination, requesting Ceng Sheng to return all the severance pay. On June 29th, 2021, the People’s Court of Yangpu District, Shanghai made the Civil Judgment (2021) No.11124 at the beginning of the Republic of China, and the judgment dismissed the claim. On August 10, 2021, Shanghai Jiang Bolong appealed to the Shanghai No.2 Intermediate People’s Court, and the case is still under trial.　

　　Cai Huabo, the controlling shareholder, is a witness in the bribery case.　

　　According to the prospectus, Cai Huabo, the controlling shareholder of Jiang Bolong, was involved in the case of Ji Zhen, the former deputy head of Nanshan District, Shenzhen, as a witness.　

　　According to the criminal judgment No.350 (2017) at the beginning of Guangdong 03 Criminal Sentence made by Shenzhen Intermediate People’s Court on December 18, 2017 and the Criminal Ruling No.395 (2018) at the end of Guangdong Criminal Sentence made by Guangdong Higher People’s Court on June 8, 2018, Ji Zhen supported his student Zeng Moming to start a business. Introduce to Cai Huabo that Shenzhen Huade Innovation Technology Co., Ltd. (hereinafter referred to as "Huade Company") cooperated with Jiang Bolong Co., Ltd. in SSD testing. Huade Company’s business scope includes integrated circuit business and Jiang Bolong Co., Ltd. has outsourcing cooperation in testing business with other manufacturers. Jiang Bolong Co., Ltd. signed an entrusted testing contract with Huade Company and paid the testing fee of 1 million yuan, but Huade Company failed to fulfill the corresponding contractual obligations, and this testing fee was actually occupied by Ji Zhen. Hou Jizhen was convicted of accepting bribes and corruption, and the case has been closed.　

　　Except for Cai Huabo, who assisted the public prosecution in this case, neither Jiang Bolong nor Cai Huabo was put on file for investigation or prosecution by the judicial authorities, and no criminal compulsory measures were taken. According to the Letter of Work issued by Shenzhen People’s Procuratorate on March 24th, 2021, Jiang Bolong Limited and Cai Huabo were not put on file for investigation by Shenzhen People’s Procuratorate, and were not prosecuted by Shenzhen People’s Procuratorate for suspected criminal offences. According to the Certificate of No Criminal Record issued by shenzhen public on February 8, 2021, Cai Huabo was not found to have a criminal record from March 6, 1976 to February 5, 2021.　

　　According to the refereeing document network, in the first half of 2013, Shenzhen Jiangbolong Electronics Co., Ltd. (hereinafter referred to as "Jiangbolong Company") applied to the Nanshan District Government for funding for science and technology projects, and with the help of the defendant Ji Zhen, it finally won the funding for science and technology projects of RMB 2 million. Since then, Ji Zhen asked Cai Mobo, the chairman of the company, that the company sign an entrusted test contract with Huade Company and pay the test fee of RMB 1 million. Cai Mobo agreed. On November 27th, 2013, Ji Zhen appointed Zeng Moming to sign a contract with Jumbolong Company on behalf of Huade Company. On January 6, 2014, Jumbolong Company transferred RMB 1 million to Huade Company. The contract was not actually performed, and it was a false contract. The so-called test fee was the benefit fee charged by Ji Zhen to Jiang Bolong Company, which was used by Ji Zhen for personal purchase.　

　　The testimony of the witness Zeng Moming (general manager of Huade Company) proves that one day in October 2013, Ji Zhen took Hua Mouzhi and me to visit Jiangbolong Company and introduced us to each other in the office of Cai Mobo, the head of Jiangbolong Company. A few days later, Ji Zhen asked me to go directly to Cai Mobo in the name of Huade Company, saying that there was a project cooperation between the two sides, amounting to 1 million yuan. As for the cooperation content, he did not mention it to me. After I met Cai Mobo, I asked him if he had a cooperation project of 1 million yuan. Cai Mobo said that Ji Zhen had already agreed with him, and there was no need to talk about it. Then he asked a manager surnamed Zhang from his company to come to his office to meet me specifically. I introduced the situation and left. A week later, Manager Zhang invited me to meet with Jiang Bolong Company. There were me, Manager Zhang and another manager Liu (female, in her fifties) of Jiang Bolong Company present. They put forward a contract on the spot, and the contents were not agreed, so they let me go back. Not long after, manager Zhang sent me the contract, the content of which was about testing the performance of memory. The contract was signed by manager Zhang on behalf of Jiangbolong Company. After I printed it, I signed and sealed it for Qiangmou and sent it back to Jiangbolong Company for signature and seal. At the beginning of 2014, Jumbolong Company transferred RMB 1 million to Huade Company by means of public-to-public bank transfer between companies, and Huade Company also provided corresponding invoices to Jumbolong Company.　

　　The dividend for two years is nearly 80 million yuan.　

　　According to the prospectus, Jiang Bolong distributed cash dividends of 20 million yuan and 59.3383 million yuan in April 2018 and May 2021 respectively.　

　　On April 9, 2018, Jiang Bolong’s shareholders’ meeting reviewed and approved the profit distribution plan for 2017, and distributed a cash dividend of 20 million yuan (including tax) to all shareholders.　

　　In 2019 and 2020, Jiang Bolong did not distribute dividends.　

　　On May 20th, 2021, Jiangbolong shareholders’ meeting reviewed and approved the profit distribution plan for 2020, and distributed a cash dividend of 1.60 yuan (including tax) to all shareholders for every 10 shares, totaling 59.3383 million yuan (including tax).　

　　Regarding the above cash dividends, Shenzhen Stock Exchange asked Jiang Bolong to analyze and explain the necessity and appropriateness of the relevant large cash dividends, and whether they match with Jiang Bolong’s financial situation, focusing on analyzing and explaining the rationality of Jiang Bolong’s cash dividends in the case of losses in 2018, such as the articles of association of Jiang Bolong. Explain the use of dividend funds of Jiang Bolong’s actual controller and major shareholders.