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　　Of course, fruit is the best in the season, and it’s already late spring. Seize this last opportunity to find the best fruit in the season, so don’t take a good bite to eat!

　　Seasonal fruit, as its name implies, is that the fruit grows in a climate and environment suitable for its growth. It can adapt to the natural ecology at that time and can withstand the tempering of nature. But also has rich nutrition and sufficient moisture, and meets the needs of taste.

　　Seven kinds of seasonal fruits that should be eaten in spring

　　1. Strawberries

　　Strawberry is a common fruit, which is praised by nutritionists as "the first fruit in spring" and is a good product for health preservation in spring. Strawberry has always been considered to have the effects of enriching blood, benefiting qi, strengthening spleen and moistening lung, which is suitable for all ages, especially for those who are physically weak, and strawberry is one of the nourishing fruits. In addition, the iron, glucose, fructose, malic acid and citric acid contained in strawberries can effectively assist in the treatment of diseases such as sore throat, cough due to lung heat and long boils that are prone to occur in spring.

　　It’s not that the bigger the strawberry, the more delicious it is, and the bigger strawberry will taste a little lighter. Therefore, strawberries that are larger than quail eggs and have ruddy colors taste better. In addition, strawberries have high water content and thin skin, and are easily damaged by mechanical damage or microbial invasion, so it is recommended to buy and eat them now.

　　2. Waist awn

　　Spring is the season to eat mangoes, and only the waist mango in spring is the best. It is Huang Cancan in color, about the size of an egg, with a round tip and a particularly sweet juice. When spring comes, mangoes come as scheduled, and there is a small mango called waist mango, which is especially sweet.

　　Mango has a good taste and contains a lot of fiber, which can help clean up the stomach. Mango is called the king of tropical fruits and tastes sweet, while the taste of small waist mango is one of the best in mango family. Although there are many mango fibers, the waist awn tastes particularly delicate and smooth, coupled with a strong sweet smell, which really makes people want to stop.

　　Mango contains a lot of carotene, which can help protect our eyes and skin care. "Just from the color of mango, we know that it is rich in carotene." Carotene can be converted into vitamin A in the body, which not only protects the eyes, but also benefits the skin. Ladies who love beauty should not miss it.

　　Although mango is good, it is also an allergic food. If you are allergic, you should pay attention to it. You can slice the mango meat and cut it into small pieces to eat, so that the mango juice that causes allergies will not flow into your mouth. If you are allergic to your throat, you can drink some boiled water quickly.

　　3. Loquat

　　Loquat is a common food, and eating more loquat in spring can help prevent colds. Loquat is known as the first fruit in Lingnan in spring, and it tastes sweet, so it feels very comfortable to eat it. Loquat bears fruit in spring and matures in early summer. It used to be listed in May, but now in some areas in the south, it is ripe in March and April, and it has also begun to appear in the northern market.

　　The content of carotene contained in loquat is amazing, which is good for health. Loquat is rich in carotene and ranks among the top three fruits. It is also rich in B vitamins, potassium and so on. Eating some properly is good for protecting eyesight, moistening skin and controlling blood pressure. Fruits are rich in organic acids such as malic acid and citric acid, which can stimulate the secretion of digestive glands and increase appetite. Eating loquat can not only make your appetite big, but also help prevent colds.

　　Loquat is not only rich in nutrition, but also has the effect of health care, which can eliminate phlegm and is of great help to the heart and lungs. Loquat is called "the king of fruits", not only because of its nutritional advantages, but also because of its certain health care function. The medicinal value of loquat is extremely high, and fruits, seeds, flowers, leaves, skins, roots and honey can all be used as medicine. "Compendium of Materia Medica" records that "loquat can moisten the five internal organs and nourish the heart and lungs", so it can play a dual-purpose health care role for people with lung dryness and cough. The loquat leaves contain amygdalin, which has been proved to have expectorant and antiasthmatic effects.

　　The market time of loquat is very short, so we should hurry to buy some in season, otherwise it will be late. Ginkgo is the first choice when buying, and the ones with high maturity are better with orange peel, complete fuzz, maturity and no green fruit. When eating loquat, you must peel it, and the stone is inedible, because it is immature or contains amygdalin in the peel and stone, which has certain toxicity. Mature loquat is not recommended to eat too much at a time, just one or two loquats.

　　4. Pineapple

　　Pineapple fruit has excellent quality and rich nutrition, and contains a lot of fructose, glucose, vitamin B, vitamin C, phosphorus, citric acid, protease and other substances. It has the effects of clearing away summer heat, quenching thirst, promoting digestion and stopping diarrhea, invigorating spleen and stomach, strengthening vitality, invigorating qi and blood, promoting digestion, eliminating dampness, caring skin and slimming. Pineapple in spring is a favorite fruit of many people because of its rich fragrance and moist taste. Pineapple contains a substance called "pineapple prion", which can decompose protein, help digestion, eliminate inflammation and edema, and promote blood circulation. Especially after eating meat and greasy food, eating pineapple is more suitable to prevent fat deposition.

　　The main allergenic substance causing "pineapple disease" is "pineapple prion". Salt water can destroy the allergic structure of "bromelain" and make it lose its toxicity to individual physique people. Therefore, when eating pineapple, you can peel it off first, and then cut it open and soak it in salt water, so as to reduce the accidents of pineapple protease allergy. However, it should be noted that people with allergies had better not eat pineapple, and it is best to soak it in light salt water before eating it.

　　5. Mulberry

　　Mulberry is the fruit of mulberry, and spring is its mature season. Mature mulberry is oily, sweet and sour, and it is better to be big, thick, purple and full of sugar. Mulberry has the functions of improving blood supply to skin (including scalp), nourishing skin, promoting fluid production to quench thirst, promoting digestion, helping defecation and so on, and can delay aging.

　　6, cherry

　　Rich in nutrients, rich in carbohydrates, protein, calcium, phosphorus, iron and vitamins. Especially, the content of iron is as high as 6-8 mg per 100 grams, which is 20-30 times higher than that of apples, oranges and pears, and the content of vitamin A is 4-5 times higher than that of apples, oranges and grapes. Eating cherries has the effects of promoting hemoglobin regeneration and preventing cancer.

　　7. Mangosteen

　　Mangosteen pulp is rich in dietary fiber, sugar, vitamins and mineral elements such as magnesium, calcium, phosphorus and potassium. It has a good nourishing effect on the body, and has a good recuperating effect on weakness, illness and malnutrition.

　　However, it should be noted that mangosteen peel tastes bitter, so it is necessary to prevent the peel juice from being dyed on the meat flap when peeling, so as not to affect the taste.

　　It’s already late spring, so don’t hesitate to eat delicious fruits in season.

Urban public space has played an irreplaceable multi-function in urban life since its birth, and it is an important place to prosper urban life, highlight urban connotation and reshape urban integrity. At present, China’s urban development has entered an important period from "with or without" to "with or without". Urban public space is one of the most valuable resources to be developed in the city. Revitalizing the existing public space as a carrier to create a green, livable, convenient, inclusive and shared urban life community is not only closely related to the construction and governance of urban space, but also closely related to people’s happy life.

Taking urban renewal as the guide to realize quality improvement and efficiency improvement of public space

During the 14th Five-Year Plan period, China’s urban development has entered an important period of urban renewal. An important feature of urban renewal is to change the development mode of large-scale urban construction in the past, and turn to pay equal attention to stock upgrading and incremental structural adjustment. In the process of urban renewal, it is particularly important to respect the law of urban development and develop the value of urban public space resources. From the perspective of local practice, there are mainly three ways.

● Activate old factories or transform old blocks.

By activating old factories or transforming old blocks, the functional quality and humanistic connotation will be promoted and rejuvenated.

At present, it has become a major trend to turn old workshops into art spaces, transform abandoned industrial parks into theme parks, and update old houses and streets into cultural blocks in the center of the city.

For example, in 2021, beijing municipal commission of development and reform approved three typical demonstration projects, namely, the demonstration base of hard science and technology industry in the city sub-center, the permanent meeting place of Beijing International Design Week in Zhangjiawan design town, and the sci-fi industrial cluster in Shougang, which supported the development of high-tech industries. At the same time, it also started important life service street renovation projects, such as Baitasi block, and reconstructed the streetscape of the old city through hardware infrastructure renovation and business upgrading.

● Strengthen green ecological restoration and return to landscape cities.

By transforming the space around the lake and the river, we can return the river to the people, the lake to the people, the shore to the people, and the scenery to the people.

For example, the public spaces on both sides of the Huangpu River in Shanghai have been upgraded and improved, and efforts have been made to create charming waterfront spaces that can be walked, read and have temperature; The plan of "Two Rivers and Four Shores" in Wuhan proposes to connect the coastline, integrate the dock facilities and leave more coastal space for the citizens. The public space upgrading project on the left bank of Yongding River in Beijing uses the waterfront space resources of Yongding River, integrates water conservancy culture, Shougang industrial culture, Fengsha railway culture, Olympic culture, etc., builds an open exhibition corridor, and creates a new bright spot in the Yongding River cultural belt in Xishan.

● Open the unit courtyard and build a complete green public space system.

Through "seamless connection" between courtyard greening and urban greening, we will further fill the shortcomings of infrastructure, create an open block, and realize returning green to the people and sharing facilities.

Since 2015, Changsha, Suqian, Zhengzhou, Quzhou, Taizhou and other places have successively launched the action of opening the unit courtyard. Through high-level overall planning and systematic planning, the greening roads and facilities in the unit courtyard have been made public, and a public park green space system with activity space and service function has been created.

The above three ways are to fully develop and utilize the functions of urban public space through upgrading and transformation, to promote the realization of green, livable, open, inclusive and shared high-quality living environment, to give residents more space for fitness, leisure and public communication, and to make people’s life in the city more convenient, comfortable and better. This is the basic essence of urban renewal, and it is also the inevitable follow for the high-quality development of urban human settlements.

Building a public space governance system with urban governance as the starting point

In essence, urban renewal is no longer a simple process of urban construction, but a process of urban governance, which involves the whole cycle of urban planning, construction, management, operation and service. At present, China has entered a new stage of high-quality development, and it has also reached an important juncture in the transformation from urban management to urban governance. From the perspective of local practice, it is mainly reflected in three aspects.

● Give full play to the main role of the government in the renovation and governance of urban public space.

On the one hand, strengthen the important role of the government in top-level design, and ensure that all policies and plans can be fully and effectively implemented through the government’s coercive power, overall planning and organizational support; On the other hand, we should give play to the important functions of government system integration, supervision and assessment, and ensure the overall and systematic progress of all work.

For example, some cities regard the urban public space governance project as a popular project of the government, which is included in the key content of doing practical things for the masses, and incorporated into the relevant assessment scope of civilized city construction, garden city construction and urban comprehensive management evaluation to be restrained and standardized to ensure the smooth implementation of the project.

● Build a collaborative governance platform with multiple participation.

The renovation and governance of urban public space needs to pay more attention to the relationship between governance subjects. By building a collaborative governance platform with multiple participation, the division of responsibilities of multiple subjects is refined, and corresponding standards and incentives are introduced to realize the marketization and socialization path of urban public space management, service and operation.

Taking the "property city" in Hengqin New District of Zhuhai as an example, the government has outsourced the whole urban public services through the "property city", and the general operator of urban public services has built a platform through the Urban Governance Committee, which has become an important bridge connecting the government, the market and the society. At the same time, it has also provided the whole process management, service and operation for urban public space, public resources and public projects, built a professional platform for urban governance, and built a clear responsibility, partnership and symbiosis.

● Explore a standardized, normalized, scientific and intelligent governance mechanism for urban public space renewal.

The difference between governance and management reflects system governance, legal governance, source governance and comprehensive policy. In the process of exploring urban public space governance, all localities also improve the efficiency of urban system linkage and overall operation by reshaping urban governance structure, optimizing urban governance process and promoting urban governance technology innovation.

For example, Beijing’s transition from "whistling in the streets and towns, reporting to departments" to "handling complaints immediately" and the current active governance is not only a process of changing governance concepts and diversifying governance subjects, but also reflects the upgrading of governance methods and means, focusing on scientific, intelligent and refined efforts.

At present, the construction of new urban infrastructure promoted by various places aims to build an important tool and platform for urban governance through the application of digital, intelligent and networked technologies, and also provide important technical support for ensuring the safe and orderly operation of public spaces and accurate and efficient services.

From the above three aspects, changes in governance concepts, governance systems and governance methods can reshape the environmental order of urban public spaces, make the renovation and governance of urban public spaces more in line with the laws of urban development and people’s needs for a better life, and truly reflect the systematic thinking of urban governance and the value concept of organic life.

Promoting the Co-construction and Sharing of Public Space Based on Co-creation

Urban public space is an important carrier of the close relationship between man and nature, the main place for residents to carry out social communication, and also an important place to build a beautiful environment and a happy life in the city.

Driven by the current concept of urban development, the co-creation of a beautiful environment and a happy life has become an important model and an important follow-up to promote residents’ participation in building a beautiful living environment, which can further promote the co-construction and sharing of urban public spaces. From the perspective of local practice, it can be summarized into three forms.

● Participate in the design and construction of public space.

Community is a place where residents live for a long time, and the affairs of the community are closely related to the residents. The renewal and transformation of communities should guide residents to take the initiative to participate.

For example, many "Participatory Design Workshops" were held in Beijing Changying Small Green Space Renewal Project, and residents were invited to participate in the garden design. Under the guidance of designers, residents expressed their demand for space and suggestions and opinions on the preliminary scheme through group discussion. After the scheme integration, the functional design of "Rose Fairy Tale Garden" was finally determined, and many residents participated in it from the start of the garden to the construction, through painting bottles, paving turf, building flower ponds and building together.

● Build the environmental order of public space together.

On the one hand, in the process of community renewal and transformation, the way of mobilizing residents to contribute money, materials, efforts and methods can change residents’ attitude towards maintaining public environment and order to a certain extent, and promote residents to cherish the fruits of hard work and continuously maintain a beautiful community environment; On the other hand, under the background of community governance led by Party building, we should give full play to the political mobilization and organizational co-ordination of grass-roots party organizations, and jointly promote the maintenance of environmental order in the neighborhood by building a party building alliance of all units in the street. At the same time, community party member double registration, community volunteer activities and social organization participation have also played an important role in guiding garbage sorting and promoting the creation of green communities.

Remodeling the public spirit of urban public space

The essence of urban public space is not the architectural form or landscape style it shows, but the rich and even different urban life it contains. It is this rich and diverse life style that inspires the vitality of public space and reshapes the social structure of public space.

For example, in the scene of community co-governance, Chengdu strengthens residents’ awareness of participation, promotes communication and builds an "acquaintance community" by taking interest activation as the guide and various community activities as the carrier. On this basis, it inspires residents to pay attention to and participate in public affairs independently, and gradually realizes the transformation from "acquaintance community" to "well-ordered community".

The above three forms are all based on urban public space, and more residents are encouraged to participate in the co-construction, co-governance and sharing of public space through organizational participation, party building guidance and scene creation, so as to reshape public spirit and social order.

The author is the National Mayor Training College (Cadre College of the Ministry of Housing and Urban-Rural Development)

Original Zhi Ling Jie’s children’s medicine circle

We often say that the full name of the flu is influenza. The symptoms of the flu are similar to those of the common cold, accompanied by high fever (above 39℃), sore throat, cough, sneezing, runny nose, headache, muscle pain, general fatigue and other symptoms. Compared with the common cold, the flu has a faster onset, stronger infectivity and more serious symptoms. Vaccination is an effective measure to prevent influenza virus. Children aged 6 months to 2 years are high-risk groups, so parents are advised to actively vaccinate their children. September-October is the best time to vaccinate them. Parents should pay attention to the arrival of local influenza vaccines and make an appointment in advance. Recently, many parents have consulted some questions about influenza vaccine in the background, and summarized them, hoping to help everyone.

Will influenza vaccination reduce immunity?

Influenza vaccine will not reduce immunity.

Under normal circumstances, the human body is not immune to influenza virus. It is suggested to vaccinate against influenza every year because vaccination can enhance the "immunity". However, with the passage of time, the protective power of the vaccine gradually weakens and the immunity returns to the normal level, not because the vaccine reduces the body’s immunity.

Is trivalent good or tetravalent good?

At present, China’s "influenza virus split vaccine" and "influenza virus subunit vaccine" are trivalent, and "tetravalent influenza virus split vaccine" is tetravalent.

Four-valent inactivated vaccine has one more protection of influenza B virus than trivalent inactivated vaccine, so it is suggested to choose tetravalent inactivated vaccine first. However, if there is only trivalent vaccine in the local area, it is not recommended to postpone vaccination in order to wait for tetravalent vaccine.

It is best to use the same vaccine to complete the vaccination procedure in the same flu season, but if the first vaccine is out of stock, other vaccines can be used to complete the vaccination procedure, such as the first vaccine is tetravalent, the second vaccine is trivalent, or the first vaccine is viral, and the second vaccine is subunit, or vaccines from other manufacturers can be used.

Why do you get the flu after vaccination?

There are many types of influenza viruses, and influenza vaccines only cover the most common types, so the efficacy against influenza is not 100%;

The incubation period of influenza is usually 1~4 days. If you are infected before you produce enough antibodies, you may get the flu.

Other diseases such as the common cold can produce flu-like symptoms, and flu vaccines can’t prevent these diseases.

How many doses should I get the flu vaccine?

Children and adults over 9 years old only need one dose even for the first time;

Children ≥6 months and < 9 years old should receive 2 doses of influenza vaccine for the first time (at least 4 weeks apart, not both doses at one time); If the first dose was inoculated at the age of 8 years and 11 months, the second dose should be inoculated after 4 weeks;

Children ≥6 months and < 9 years old have been vaccinated with one dose of influenza vaccine in the past. Both China’s CDC and the Hong Kong Department of Health recommend one dose this flu season, while the US CDC recommends two doses.

Children ≥6 months and < 9 years old who have been vaccinated with two doses of influenza vaccine in the past (trivalent or tetravalent, whether they were vaccinated in the same flu season or two consecutive flu seasons) and the interval is ≥4 weeks, only one dose is required in this flu season. In other words, two doses of trivalent vaccine were inoculated before, and one dose of tetravalent vaccine was enough for the first time this year.

Can I get an "adult dose" if I am under 3 years old?

Children under the age of 3 can be vaccinated against influenza. Sometimes there is no vaccine under the age of 3 in the local area, so the staff may say that they can’t fight.

"Adult dose" influenza vaccine refers to a vaccine with a dose of 0.5 mL, and some vaccine instructions believe that the vaccine is used for adults and children over 36 months old. Although the experiment shows that there is no significant difference in safety, reactivity, local or systemic adverse reactions between children aged 6-35 months using 0.5mL dose and using 0.25mL dose of tetravalent inactivated influenza vaccine (IIV4), they should still be vaccinated at the age suggested in the instructions.

Note: The concept of "dosage" is different from that of "dosage times". The influenza vaccine listed in China, 0.25 mL dose is suitable for children aged 6~35 months, and 0.5 mL dose is suitable for children and adults aged 3 years and above. Children who need two doses of 0.25 mL influenza vaccine should be divided into two doses with an interval of ≥4 weeks (28 days), instead of one dose of 0.5ml..

How long should the interval between the second and first doses be?

The contents of the instructions are usually based on the results of clinical trials, and it is suggested that the interval between two stitches should be 2~4 weeks. The guidelines are recommended based on the latest research data, and it is recommended that the interval be at least 4 weeks. For children who need two injections, the instructions in the guide should prevail, and the interval should be at least 4 weeks.

Antibodies with protective level can usually be produced after 2~4 weeks of influenza vaccination. If the interval between the second dose and the first dose is more than 4 weeks, the time to produce antibodies with protective level will be delayed accordingly, but the final effect will not be affected. Just make up the second dose as soon as possible.

Can I take anti-influenza drugs after vaccination?

Inactivated influenza vaccine can be inoculated during the prevention and treatment of influenza antiviral drugs. However, live attenuated influenza vaccine should not be inoculated within 48 hours after using influenza antiviral drugs;

If you have been vaccinated with live attenuated influenza vaccine, you should not use antiviral drugs to prevent influenza within 14 days (if necessary, you can treat it) because antiviral drugs will affect the immune effect of live attenuated influenza vaccine.

Original title: "Parents are most concerned about these issues about influenza vaccine"

Read the original text

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

Special feature of 1905 film network The Spring Festival in 2021 is equally exciting online and offline. The Legend of Shaolin Temple’s diary of making a fortune, released in PVOD mode, leads the online movie Spring Festival file.

"At present, the movie of pay-per-view (PVOD mode) has just started the trial stage. At this stage, the distribution of box office income has not been announced simultaneously with online movies, and these problems will be refined after it matures and stabilizes in the later stage." Manager Wang, senior account director of iQiyi, said this in an interview with 1905 Film Network.

The three platforms are still in the exploration stage because of the announcement mechanism of online movie box office revenue based on PVOD model. The 2021 online movie Spring Festival file adopts two box office receipts of this distribution model, and no data has been released yet.

In addition, Xiao Dianjun took the TOP10 of the seven-day long holiday box office ranking as the statistical range (data source: Cat’s Eye APP online movie daily list), and sorted out the box office data of Aiyouteng online movie Spring Festival file. According to this rule, the total box office of the three platforms of Aiyouteng in the Spring Festival in 2021 is 48.736 million (excluding the box office revenue of online movies in PVOD mode, the same below).

Whether it is the box office output or the popularity of the producers, the online movie Spring Festival file is far from the cinema market. This makes people wonder, can online movies really have Spring Festival files?

Youaiteng Spring Festival transcript

The online movie Spring Festival in 2021 is more formal than before.On February 5th, under the guidance of the Network Audio-visual Program Management Department of the State Administration of Radio, Film and Television, the Network Working Committee of the China Film Association, together with the three platforms of iQiyi, Tencent and Youku, put forward the concept of "Spring Festival online movie file" for the first time, and published 43 film lists including past cinema works.

In addition to The Legend of Shaolin Temple’s "Make a fortune Diary" two head online movies, A Writer’s Odyssey’s "Crowd" Detective Chinatown 3 and other behind-the-scenes documentaries of cinema Spring Festival movies also landed online. The list of online movies for the Spring Festival in 2021 is more abundant.

According to public statistics, from February 11th to February 17th, the total box office of Youaiteng online movies was 48.736 million. Among them, the box office of the three major video platforms is divided into 25.306 million Tencent videos, 15.052 million iQiyi and 8.378 million Youku.

According to statistics, the total score of TOP5 in the box office of Tencent Video Spring Festival is 22.227 million, accounting for 87.83% of the overall box office of the platform. Among them, the war film "The Counter-Strike" starring Chiu Man-Cheuk topped the list with a score of 8.322 million in three days. Wu Qihua and others starred in "The Dragon Coffin in Lop Nur", which took 6.655 million yuan at the box office, followed closely.

The cumulative box office of the Spring Festival box office of iQiyi is 10.526 million, accounting for 69.93% of the overall box office of the platform. "Dragon Crescent Moon Knife", "God of Wealth 2" and "Genius Quema" ranked among the top three in the box office of the platform with 4.537 million, 2.003 million and 1.988 million respectively.

The cumulative box office of Youku Spring Festival TOP5 was 7.358 million, accounting for 87.82% of the overall box office of the platform. Making waves 3, Angry King Kong of South Shaolin and Wolong Matrix of Jin Jue ranked in the top three with 2.996 million, 1.453 million and 1.205 million respectively.

Among the online movies in non-PVOD mode, Tencent Video’s Counter-Strike, Lop Nur’s Kowloon Sky Coffin and iQiyi’s Dragon Crescent Moon Knife became the first, second and third place in the online movie box office in the Spring Festival in 2021. The three films are all listed in the online movie Spring Festival file list released in the early stage.

From the perspective of film types, comedy, action and drama films have relatively high box office output. This is similar to the performance of the cinema film Spring Festival in 2021. In the choice of viewing types, online and offline converge.

During the Spring Festival, although there is no specific box office data released by The Legend of Shaolin Temple’s "Get Rich Diary", two films are on the hot list of online movies, ranking in the top three. The addition of Wang Baoqiang, Song Xiaobao and other cinema movie café s is of great benefit to enhancing the popularity of movies.

It is worth mentioning that during the seven-day long holiday during the Spring Festival, there is a military theme theme work in the TOP5 of Youaiteng box office. The fever of main melody works is spreading from cinema to online movie market.

There is no Spring Festival file for online movies?

The Spring Festival file is often a gathering place for well-known producers of cinema films, but the online movie market is quite different.

According to the above statistics, the number of well-known producers participating in the Spring Festival of online movies in 2021 is very small. In addition to Youku and Taomeng, it is difficult to find other head producers in the industry, such as strange trees and fish.This may have an important causal relationship with the "gold content" of online movies during the Spring Festival.

According to the Annual Report of China Online Movie Industry in 2020, the number of online movies in 2020 is 769. Among them, 79 films broke through 10 million at the box office, an increase of 41 films over the same period of last year. Among these films, except for The Big Sky, Alien Event, Wild King and Crocodile Island (excluding PVOD mode online movies), other films with box office exceeding 10 million were not released during the Spring Festival.

Just as the Spring Festival file of cinema movies is gradually cultivated the day after tomorrow. With the support of the government and the platform, the future online movie Spring Festival file may be worth looking forward to.

In the face of more distribution modes, the online movie Spring Festival file is also full of more imagination.

According to Song Jia, general manager of iQiyi Film Center, the online distribution mode of movies is divided into four stages. At present, the fourth stage is the member +PVOD mode, that is, members also have to pay for viewing separately.

The Legend of Shaolin Temple’s Diary of Getting Rich, which was released in the Spring Festival of online movies in 2021, adopted this distribution mode. The final box office score of the film is worthy of attention.

In addition, the head online movies began to try to broadcast on multiple platforms simultaneously, further opening the ceiling of the box office. Under this simulcast mode, daoist magic, the highest-priced online movie at the box office, was born.

Whether there will be more head online movies in the future, it is full of imagination to choose this multi-platform broadcast +PVOD distribution mode during the Spring Festival file. How big this imagination is depends on the box office results of The Legend of Shaolin Temple’s "Diary of Getting Rich" published in the future.

At present, the opportunities and challenges of online movies during the Spring Festival coexist. The formation of the three golden slots in the online movie market still needs good films and time to cultivate.

　　In the resettlement site of ex situ poverty alleviation in Sanhe Village, Zhaojue County, Sichuan Province, local people like to move to new homes. Xinhua News Agency reporter Jiang Hongjing photo

　　[Editor’s Note] At the celebration of the centenary of the founding of the Communist Party of China (CPC), General Secretary of the Supreme Leader delivered an important speech, deeply recalling the glorious course of the Communist Party of China (CPC)’s century-long struggle and looking forward to the bright future of the great rejuvenation of the Chinese nation. From now on, overseas websites will launch a series of "Three Reviews" of "A Hundred Years’ Great Party Start Again" to explain the Communist Party of China (CPC)’s great contribution to governing the country and gather wisdom to achieve the goal of the second century. This is a comment.

　　———-

　　"Through the continuous struggle of the whole party and the people of all ethnic groups throughout the country, we have achieved the goal of the first century of struggle, built a well-off society in an all-round way on the land of China, historically solved the problem of absolute poverty, and are moving forward with high spirits towards the goal of building a socialist modern power in an all-round way." On July 1st, General Secretary of the Supreme Leader made a solemn declaration at the celebration of the centenary of the founding of the Communist Party of China (CPC). This is the great glory of the Chinese nation! This is a great honor for the people of Chinese! This is a great honor for the Communist Party of China (CPC)!

　　To build a well-off society in an all-round way, "well-off" refers to the level of development, while "comprehensive" refers to the balance, coordination and sustainability of development. A well-off society in an all-round way requires more economic development, more sound democracy, more progress in science and education, more prosperous culture, more harmonious society and more affluent people’s lives. Since ancient times, a well-off society has been full of China people’s yearning for a happy and beautiful life. More than 2,500 years ago, the long chant of "The people are tired and can live a well-off life" in The Book of Songs has been echoing in the history of China. From the day of its establishment, the Communist Party of China (CPC) insisted on seeking happiness for the people of China and rejuvenation for the Chinese nation as its initial mission, and United and led the people of China to make a long and arduous struggle to create their own better life. Looking back on the past century, from basically solving the problem of food and clothing to achieving a well-off society in general, and then building a well-off society in an all-round way, in the long-term continuous struggle, the Communist Party of China (CPC) United and led the people of China, insisting on the goal of not relaxing and working one after another.On the occasion of the centenary of the founding of the Communist Party of China (CPC), China has built a well-off society in an all-round way, achieved its first century-long goal, and written the most magnificent epic in the history of the Chinese nation for thousands of years.

　　Domestically, in the past 100 years, from poverty to becoming the second largest economy in the world, from a poor and backward agricultural country to an advanced industrial country, from people’s hunger and cold to the elimination of absolute poverty, the Communist Party of China (CPC) United and led the people of China to perform a wonderful miracle of human development and completely changed the development of China. The total GDP exceeds 100 trillion yuan, the per capita GDP exceeds 10,000 US dollars, higher education has entered the popularization stage, more than 60 million new jobs have been created in cities and towns, the largest social security system in the world has been built, the ecological environment has been significantly improved, and the opening up has been continuously expanded &hellip; &hellip; These achievements fully reflect the quality of an all-round well-off society. Tang Renwu, Dean of the Institute of Government Management of Beijing Normal University, said that the comprehensive construction of a well-off society in China is another sublimation on the basis of overall well-off, which marks a solid step for China to achieve common prosperity and lays a solid foundation for China to build a socialist modern power.

　　In this process, the Communist Party of China (CPC) United and led the people of China to play a game of chess and draw a blueprint to the end, and continued to implement the five-year plan & HELIP; &hellip; Especially since the 18th National Congress of the Communist Party of China, China has made overall plans to build a well-off society in an all-round way with the overall layout of "five in one", promoted the building of a well-off society in an all-round way with the strategic layout of "four in one", led the building of a well-off society in an all-round way with the new development concept, promoted the building of a well-off society in an all-round way with the regional development strategy, and won the decisive battle against poverty. Yan Yilong, vice president of Tsinghua University Institute of National Studies, said that the comprehensive construction of a well-off society in China has fully verified the institutional advantages of Socialism with Chinese characteristics.

　　Internationally, the Communist Party of China (CPC) united and led the people of China to build a well-off society in an all-round way and made new great contributions to the world. Since the reform and opening up, China’s economy has developed rapidly, contributing more than 30% to the world economic growth for many years, and has become the main stabilizer and power source of the world economic growth. Since 2020, in the face of the COVID-19 epidemic, China has made every effort to provide epidemic prevention materials to the world with its strong industrial system. Instead of pressing the "pause button", the "Belt and Road" cooperation has shown great resilience and vitality. In 2020, the trade volume of goods between China and the "Belt and Road" partners reached 1.35 trillion US dollars, a record high, which effectively promoted the economic recovery of all countries in the world. Charles Onu Nye Zhu, director of the Nigerian China Research Center, believes that the Communist Party of China (CPC)’s vision of promoting the inclusive development of global order and global governance is that "the rise of China is the well-being of mankind". Winning the battle against poverty is the bottom line task and symbolic indicator of building a well-off society in an all-round way. Since the reform and opening up, 770 million rural poor people in China have been lifted out of poverty, and the poverty reduction population accounts for more than 70% of the global poverty reduction population in the same period. The poverty reduction goal of the United Nations Agenda for Sustainable Development in 2030 has been achieved 10 years ahead of schedule, which has effectively promoted the cause of poverty reduction in the world.

　　In the process of building a well-off society in an all-round way, the Communist Party of China (CPC) United and led the people of China to uphold and develop Socialism with Chinese characteristics. Instead of relying on the gifts of others or copying the development model of western countries, he created a new road of Chinese modernization and a new form of human civilization. Yan Yilong said that China’s successful experience shows that there is more than one road to modernization. China has opened up a new socialist modernization road which is different from the capitalist modernization road, and expanded the way for developing countries to move towards modernization. At the same time, whether in good times or bad times, China does not export problems, does not pass on contradictions, and does not develop itself by buying and selling hard or plundering other countries. Since the founding of New China, China has never initiated a war, and has never occupied an inch of other people’s land. Liu Chengliang, a researcher at Soochow Think Tank of Soochow University, believes that China adheres to the path of peaceful development and breaks the old logic of "national power must dominate" with facts, which is fundamentally different from the development model of some western countries that started from aggression, expansion and colonialism.

　　From a well-off road in an all-round way to a new journey of modernization, the new era will start again. The accelerated modernization of more than 1.4 billion Chinese is a milestone in the history of human development, which will profoundly change the pattern of world modernization, enhance the well-being of human society and help the world move towards a better future. (Meng Qingchuan)

　　Copyright works of overseas networks may not be reproduced without authorization.

November 18, 2016 Caiku [2016] No.198

Relevant departments of the CPC Central Committee, the State Council ministries and commissions, directly affiliated institutions, General Office of the National People’s Congress Standing Committee (NPCSC), General Office of Chinese People’s Political Consultative Conference, High Court, Supreme People’s Procuratorate, relevant people’s organizations, finance departments (bureaus) of all provinces, autonomous regions, municipalities directly under the Central Government and cities with separate plans, procurement centers of directly under the authority in the Central Committee of the Communist Party of China, government procurement centers of central state organs, procurement centers of organs of the National People’s Congress, centralized procurement centers of State Taxation Administration of The People’s Republic of China, materials and equipment procurement centers of the General Administration of Customs, centralized procurement centers of the People’s Bank of China and police equipment procurement centers of the Ministry of Public Security.

　　The measures for the administration of government procurement evaluation experts formulated by the Ministry of Finance are hereby printed and distributed to you, please follow them.

　　Annex: Measures for the Administration of Government Procurement Evaluation Experts

　　CC: Offices of the Financial Ombudsman of the Ministry of Finance in all provinces, autonomous regions, municipalities directly under the Central Government and cities under separate state planning.

Attachment:

Measures for the administration of government procurement review experts

Chapter I General Provisions

　　Article 1 In order to strengthen the management of government procurement evaluation activities and standardize the evaluation behavior of government procurement evaluation experts (hereinafter referred to as evaluation experts), these Measures are formulated in accordance with the People’s Republic of China (PRC) Government Procurement Law (hereinafter referred to as the Government Procurement Law), the People’s Republic of China (PRC) Government Procurement Law Implementation Regulations (hereinafter referred to as the Government Procurement Law Implementation Regulations) and other laws, regulations and relevant provisions.

　　Article 2 The term "evaluation experts" as mentioned in these Measures refers to those who are selected by the financial department of the people’s government at or above the provincial level, participate in the evaluation of government procurement in an independent capacity, and are included in the management of the evaluation expert database. These Measures shall apply to the selection, dismissal, extraction, use, supervision and management of evaluation experts.

　　Article 3 The evaluation experts shall follow the management principles of unified standards, separation of management and random selection.

　　Article 4 The Ministry of Finance shall be responsible for formulating the national unified professional classification standards for evaluation experts and the standards for the construction of evaluation expert database, and building and managing the national evaluation expert database.

　　The financial department of the provincial people’s government is responsible for the construction of the local evaluation expert database and the implementation of dynamic management, and the interconnection and resource sharing with the national evaluation expert database.

　　The financial departments of the people’s governments at all levels shall perform their duties of supervision and management of the evaluation experts according to law.

　　Chapter II Selection and Dismissal of Appraisal Experts

　　Article 5 The financial departments of the people’s governments at or above the provincial level shall select and appoint evaluation experts through public solicitation, unit recommendation and self-recommendation.

　　Article 6 Evaluation experts shall meet the following conditions:

　　(1) Having good professional ethics, being honest and self-disciplined, abiding by discipline and law, and having no bad credit records such as bribery, bribery and fraud;

　　(two) with intermediate professional titles or equivalent professional level and engaged in related fields for 8 years, or with senior professional titles or equivalent professional level;

　　(three) familiar with government procurement related policies and regulations;

　　(four) China citizens who promise to participate in the evaluation work in an independent capacity, perform the duties of evaluation experts according to law and bear corresponding legal responsibilities;

　　(five) under the age of 70, healthy, able to undertake the review work;

　　(six) within three years before applying to become an expert, there is no record of bad behavior as stipulated in Article 29 of these Measures.

　　The conditions listed in items (2) and (5) of the preceding paragraph may be appropriately relaxed for the majors with a small number of experts.

　　Article 7 A person who meets the requirements as stipulated in Article 6 of these Measures and voluntarily applies to become an evaluation expert (hereinafter referred to as the applicant) shall provide the following application materials:

　　(1) Resume, application and letter of commitment signed by me;

　　(2) Academic degree certificate, professional title certificate or certification materials with equivalent professional level;

　　(3) A valid certificate to prove my identity;

　　(four) I think it is necessary to apply for withdrawal of information;

　　(five) other materials as prescribed by the financial department of the people’s government at or above the provincial level.

　　Article 8 An applicant shall apply for accreditation according to his major or specialty.

　　Article 9 The financial department of the people’s government at or above the provincial level shall review the application materials submitted by the applicant, the declared evaluation major and credit information, and select qualified experts to be included in the evaluation expert database management.

　　Article 10 If the work unit, contact information, professional titles and information to be avoided of the evaluation experts change, it shall timely apply to the financial department of the people’s government at or above the provincial level for changing the relevant information.

　　Eleventh experts in any of the following circumstances, the financial department of the people’s government at or above the provincial level shall be dismissed:

　　(a) does not meet the conditions stipulated in article sixth of these measures;

　　(two) I apply to no longer serve as an expert;

　　(3) There is a record of bad behavior as stipulated in Article 29 of these Measures;

　　(4) Being subject to criminal punishment.

　　Chapter III Selection and Use of Appraisal Experts

　　Article 12 A purchaser or procurement agency shall randomly select evaluation experts from the evaluation expert database established by the financial department of the people’s government at or above the provincial level.

　　If the number of relevant experts in the evaluation expert database cannot be guaranteed to be randomly selected, the purchaser or procurement agency can recommend qualified personnel, and then randomly select them after being audited and hired.

　　Thirteenth procurement projects with complex technology and strong professionalism, it is difficult to determine the appropriate evaluation experts through random methods, and with the consent of the competent budget unit, the purchaser can choose the evaluation experts in the corresponding professional fields by himself.

　　Those who choose their own evaluation experts shall give priority to the evaluation experts outside their own units.

　　Fourteenth in addition to competitive negotiation, competitive consultation procurement, as well as off-site evaluation of the project, the purchaser or procurement agency to select experts to review the start time in principle shall not be earlier than 2 working days before the start of the evaluation activities.

　　Article 15 The purchaser or procurement agency shall announce the review discipline before the review activities begin, and file the written documents recording the review discipline as the procurement documents.

　　Sixteenth evaluation experts and suppliers to participate in procurement activities have one of the following interests, should be avoided:

　　(1) Having had labor relations with suppliers within three years before participating in procurement activities, or having served as a director or supervisor of suppliers, or being a controlling shareholder or actual controller of suppliers;

　　(2) Having husband and wife, lineal blood relatives, collateral blood relatives within three generations or close in-laws with the legal representative or person in charge of the supplier;

　　(three) there are other relationships with suppliers that may affect the fairness and impartiality of government procurement activities.

　　If the evaluation experts find that they are interested in the suppliers participating in procurement activities, they should take the initiative to withdraw. If the purchaser or procurement agency finds that the evaluation experts have an interest in suppliers participating in procurement activities, they shall be required to withdraw.

　　Except as provided in Article 13 of these Measures, the evaluation experts can only participate in the evaluation activities as representatives of the purchaser for the government procurement projects of this unit.

　　The staff of government procurement supervision and management of financial departments at all levels shall not participate in the evaluation activities of government procurement projects as evaluation experts.

　　Article 17 If the number of experts on the review site does not meet the requirements due to the absence or avoidance of the review experts, the purchaser or procurement agency shall make up the review experts in time, or select and make up the review experts by itself with the consent of the competent budget unit of the purchaser. If it is impossible to make up the evaluation experts in time, the purchaser or procurement agency shall immediately stop the evaluation work, properly keep the procurement documents, and re-establish the bid evaluation committee, negotiation team, inquiry team and consultation team for evaluation according to law.

　　Article 18 Evaluation experts shall strictly abide by the discipline of evaluation work, and conduct independent evaluation according to the evaluation procedures, evaluation methods and evaluation standards stipulated in the procurement documents in accordance with the principles of objectivity, impartiality and prudence.

　　When the evaluation experts find that the contents of the procurement documents violate the relevant mandatory provisions of the state or the procurement documents are ambiguous or have major defects, which makes the evaluation work impossible, they shall stop the evaluation and explain the situation in writing to the purchaser or procurement agency.

　　The evaluation experts shall cooperate with the suppliers to answer their inquiries, questions and complaints, and shall not disclose the evaluation documents, evaluation situation and business secrets learned in the evaluation process.

　　If the evaluation experts find that the supplier has committed illegal acts such as bribery, providing false materials or collusion, they shall report to the financial department in time.

　　Experts who have been illegally interfered in the evaluation process shall report to the finance and supervision departments in a timely manner.

　　Nineteenth evaluation experts should sign the evaluation report and bear legal responsibility for their own evaluation opinions. If there are disputes on matters that need to be jointly identified, the conclusion shall be made according to the principle that the minority is subordinate to the majority. If there is any objection to the review report, it shall sign different opinions on the review report and explain the reasons, otherwise it shall be regarded as agreeing to the review report.

　　Twentieth the list of evaluation experts shall be kept confidential before the announcement of the evaluation results. After the completion of the evaluation activities, the purchaser or procurement agency shall announce the list of evaluation experts together with the results of winning the bid and closing the transaction, and mark the evaluation experts selected by themselves.

　　The financial departments at all levels, the purchaser and the relevant staff of the procurement agency shall not disclose the personal information of the evaluation experts.

　　Twenty-first buyers or procurement agencies shall, within 5 working days after the end of the evaluation activities, record the performance of the duties of the evaluation experts in the government procurement credit evaluation system.

　　Evaluation experts can query the record of their duties in the government procurement credit evaluation system, and explain the relevant situation.

　　The financial department of the people’s government at or above the provincial level may set the ladder extraction probability according to factors such as the performance of the evaluation experts.

　　Twenty-second evaluation experts shall, within 5 working days after the end of the evaluation activities, record the performance of the duties of the purchaser or the procurement agency in the government procurement credit evaluation system.

　　Twenty-third projects in the centralized procurement catalogue shall be paid by the centralized procurement institution for the labor remuneration of the evaluation experts; For projects outside the centralized procurement catalogue, the purchaser shall pay the labor remuneration of the evaluation experts.

　　Article 24 The financial department of the people’s government at the provincial level shall, according to the actual situation, formulate the remuneration standards for the evaluation experts in this region. The central budget unit shall pay the labor remuneration of the evaluation experts according to the standards of the place where the unit is located or where the evaluation activities are located.

　　Twenty-fifth evaluation experts to participate in the evaluation of different places, the round-trip inter-city transportation, accommodation and other actual expenses, according to the corresponding standards of travel management measures implemented by the purchaser to the purchaser or centralized procurement institutions credentials reimbursement.

　　Twenty-sixth evaluation experts leave the evaluation site without completing the evaluation work, or there are illegal acts in the evaluation activities, and shall not receive labor remuneration and reimbursement of travel expenses for evaluation in different places. Personnel other than the evaluation experts shall not receive remuneration for evaluation services.

　　Chapter IV Supervision and Management of Appraisal Experts

　　Twenty-seventh review experts not in accordance with the provisions of the procurement documents review procedures, methods and standards for independent review or disclosure of review documents, review, by the financial sector to give a warning, and impose a fine of 2000 yuan to 20 thousand yuan; Those who affect the bid-winning and transaction results will be fined between 20,000 yuan and 50,000 yuan, and will be prohibited from participating in government procurement evaluation activities.

　　If there is an interest relationship between the evaluation experts and suppliers, they will be fined between 20,000 yuan and 50,000 yuan, and they will be prohibited from participating in government procurement evaluation activities.

　　If the evaluation experts accept bribes from purchasers, procurement agencies or suppliers or obtain other illegitimate interests, which constitutes a crime, they shall be investigated for criminal responsibility according to law; If it does not constitute a crime, it shall be fined between 20,000 yuan and 50,000 yuan, and it shall be prohibited from participating in government procurement evaluation activities.

　　The evaluation experts have the above-mentioned illegal acts, and their evaluation opinions are invalid; Illegal income, confiscate the illegal income; If losses are caused to others, they shall bear civil liability according to law.

　　Twenty-eighth buyers, procurement agencies found that the evaluation experts have illegal acts, they should promptly report to the financial department of the purchaser.

　　Twenty-ninth applicants or evaluation experts in any of the following circumstances, included in the record of bad behavior:

　　(1) Failing to conduct independent evaluation according to the evaluation procedures, evaluation methods and evaluation standards stipulated in the procurement documents;

　　(two) disclosure of review documents, review;

　　(3) Having an interest relationship with the supplier and not avoiding it;

　　(4) Accepting bribes from purchasers, procurement agencies or suppliers or obtaining other illegitimate interests;

　　(5) Providing false application materials;

　　(6) Refusing to perform legal obligations such as cooperating with suppliers to answer inquiries, queries and complaints;

　　(seven) to engage in activities that undermine the credibility of government procurement as an expert.

　　Thirtieth buyers or procurement agencies that fail to select and use evaluation experts in accordance with the provisions of these Measures shall be investigated for legal responsibility in accordance with the Government Procurement Law and relevant laws and regulations.

　　Article 31 If any staff member of the financial department abuses his power, neglects his duty, engages in malpractices for personal gain and other violations of law and discipline in the evaluation of expert management, he shall be investigated for corresponding responsibilities in accordance with the relevant provisions of the State, such as the Government Procurement Law, the Civil Service Law, the Administrative Supervision Law and the Regulations for the Implementation of the Government Procurement Law. Those suspected of committing a crime shall be transferred to judicial organs for handling.

　　Chapter V Supplementary Provisions

　　Thirty-second representatives of the purchaser participating in the evaluation activities and the management of evaluation experts selected by the purchaser according to law shall be implemented with reference to these measures.

　　Article 33 Where the State has other provisions on the selection and selection of evaluation experts, such provisions shall prevail.

　　Thirty-fourth financial departments of the provincial people’s governments may, in accordance with the provisions of these measures, formulate specific implementation measures.

　　Article 35 The Ministry of Finance shall be responsible for the interpretation of these Measures.

　　Article 36 These Measures shall come into force as of January 1, 2017. The Measures for the Administration of Government Procurement Evaluation Experts issued by the Ministry of Finance and the Ministry of Supervision on November 17, 2003 (Caiku [2003] No.119) shall be abolished at the same time.

　　People’s Daily Online, Beijing, April 27 (Reporter Qin Boya) After selecting 8,890 villages and 237,000 rural laborers from 1,527 counties (districts) in rural areas of 31 provinces (autonomous regions and municipalities directly under the Central Government) as survey samples, and conducting quarterly surveys in the form of household visits, the National Bureau of Statistics released the 2017 Migrant Workers Monitoring Survey Report on the 27th. According to the Report, 96.7% of migrant workers’ parents believe that their children are not discriminated against at school, but 55.8% of migrant workers’ parents report that their children in the compulsory education stage face problems such as high cost, difficulty in entering local schools, and no one to take care of their children.

　　The relevant contents of the Report are as follows:

　　The enrollment rate of children aged 3-5 (including preschool classes) was 83.3%, an increase of 0.6 percentage points over the previous year. Among the children aged 3-5, 26.7% are in public kindergartens, an increase of 1.3 percentage points over the previous year; More than 33.8% are inclusive private kindergartens, down 0.8 percentage points from the previous year.

　　The school attendance rate of migrant children of compulsory education age was 98.7%, which was basically the same as that of the previous year. According to the types of schools attended, 82.2% of migrant children of primary school age attended public schools, an increase of 0.4 percentage points over the previous year; 10.8% attended private schools funded by the government, an increase of 1.7 percentage points over the previous year. 85.9% of the children in junior middle school age are studying in public schools, an increase of 2.7 percentage points over the previous year; 9.7% attended private schools funded by the government, down 0.4 percentage points from the previous year.

　　96.7% parents of migrant workers believe that their children are not discriminated against at school, an increase of 0.3 percentage points over the previous year; 0.4% of migrant workers’ parents thought they were discriminated against, down 0.1 percentage points from the previous year; 2.9% parents of migrant workers don’t understand the situation, down 0.2 percentage points from the previous year. From the perspective of teachers, 77.3% of migrant workers’ parents are very satisfied with their teachers, which is 1.8 percentage points higher than the previous year. 21.9% thought it was average, down 1.6 percentage points from the previous year; Dissatisfied and very dissatisfied accounted for 0.8%, down 0.2 percentage points from the previous year.

　　For migrant children in the compulsory education stage, 55.8% parents of migrant workers reported that they faced some problems in going to school in cities, down 2.4 percentage points from the previous year. High cost, difficulty in local education and unattended children are the three main problems with the highest recognition rate of migrant workers’ parents, with the recognition rates of 26.4%, 24.4% and 23.8% respectively. Among them, the recognition rate of high cost and local difficulty in entering higher education decreased by 0.8 and 1.7 percentage points respectively compared with the previous year, and the recognition rate of children without care increased by 2.4 percentage points compared with the previous year.

　　For preschool children aged 3-5, 55.7% of migrant workers’ parents reported that they faced some problems in entering the park in cities, which was 5.7 percentage points lower than the previous year. High cost, difficulty in local education and unattended children are the three main problems with the highest recognition rate of migrant workers’ parents, which are 50.4%, 37.3% and 15.9%, respectively, down by 3.4, 5.9 and 0.9 percentage points from the previous year.

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.