苏州快餐200半夜500

State and municipal people’s governments, provincial committees, offices, departments and bureaus:

　　In order to implement the spirit of the Notice of the General Office of the State Council on Printing and Distributing the Work Plan for Integrating and Establishing a Unified Public Resource Trading Platform (Guo Ban Fa [2015] No.63), and in accordance with the requirements of the Notice of the General Office of the People’s Government of Yunnan Province on Printing and Distributing the Implementation Plan for Integrating and Establishing a Unified Public Resource Trading Platform in Yunnan Province and the Joint Conference System for Public Resource Trading in Yunnan Province (Yun Zheng Fa [2015] No.107), accelerate the construction of the electronic platform for public resource trading in the whole province, and realize

　　I. General requirements

　　In accordance with the decision-making arrangements of the people’s governments of the State Council and the province, with the goal of building a public resource trading platform system with unified rules, openness and transparency, efficient service and standardized supervision, focusing on information sharing, and supported by information construction, we will innovate electronic supervision means, implement electronic trading in the whole process, improve the level of administrative supervision and public service, better promote fair and just transactions, and improve the efficiency and effectiveness of public resource allocation.

　　Second, the work objectives

　　Focusing on the working goal of "full openness online, no transaction offline, unified and standardized in the whole province, shared and shared by the whole province", we will build an electronic platform for the transaction of public resources in the whole province, which is standardized and unified, vertically connected and horizontally interconnected, forward-looking, advanced, up to the national first-class level, mature in technology, stable in operation and economical in maintenance cost. By the end of 2016, the "one network and three platforms" will be fully covered by provinces, cities and counties.

　　Third, the basic principles

　　(1) Unified planning and deployment. Adhere to the provincial unified guidance and promotion, unified planning and design, unified standard construction, unified deployment and operation, establish a working mechanism of departmental coordination and up-and-down linkage, and comprehensively and systematically promote platform construction.

　　(2) Classified management and classified construction. Strengthen hierarchical management and hierarchical responsibility, coordinate construction and deployment at the provincial level, and ensure operation and maintenance at the state and city levels; According to the characteristics of all kinds of public resources, we will build an electronic trading platform system with scientific classification, technical specialty and standardized procedures.

　　(3) Acting according to regulations and promoting it efficiently. Act in strict accordance with the law and regulations, and ensure the standardization of procedures, openness of processes and fair results; Strengthen supervision and inspection, strengthen the implementation of work, and ensure that all objectives and tasks are completed on time and with good quality.

　　IV. Main tasks

　　(A) optimize and improve the Yunnan Province public resources trading information network. Yunnan Public Resource Trading Information Network, as the portal of the electronic platform for public resource trading in Yunnan Province, is the media for publishing public resource trading information in Yunnan Province designated by the provincial people’s government, which centrally discloses all kinds and levels of public resource trading information, credit information and regulatory information to market participants and the public.

　　(two) the construction of the province’s public resources trading electronic public service system (public service platform and administrative supervision platform). Relying on the Yunnan Provincial Public Resource Trading Information Network, according to the unified national standards, the province’s unified electronic public service system for public resource trading will be built at the provincial level, and the national public resource trading platform will be connected upward through the e-government extranet, and the terminal will cover states, cities, counties and districts, and it will be interconnected horizontally with the e-government and electronic supervision systems of various localities and departments.

　　1. Public service platform: as the hub and data center of the province’s public resource transaction information integration, it collects all kinds of transaction information, credit information of transaction subjects, government industry supervision information, industrial and commercial tax information, social security information, etc., and provides valuable information services to the society through big data analysis technology, and at the same time provides data information support for government departments’ decision-making. It mainly realizes the functions of the province’s public resources transaction information disclosure and inquiry, market subject credit information exchange and sharing and inquiry, remote remote bid evaluation information comprehensive management, bid evaluation expert information management, transaction data statistical analysis and risk monitoring and early warning, and social public supervision and acceptance processing.

　　2. Administrative supervision platform: to provide technical support for all levels of supervision, administrative supervision departments and public resource transaction management institutions to implement electronic supervision over the whole process of trading activities. It mainly realizes the functions of transaction mode approval and filing management, real-time monitoring of the whole process of transaction activities, online complaint handling, regulatory information notification and notification. The administrative supervision platform shall be built according to the principle of "no overlapping of responsibilities and functions". The electronic public service system of public resources transaction in the whole province shall open the data interface and realize information exchange and sharing with the existing electronic supervision system of the administrative supervision department.

　　(3) Building electronic trading platforms for public resources at all levels. According to the relevant national standards and norms, combined with the professional characteristics of various public resources, and in accordance with the construction requirements of "scientific classification, hierarchical management, technical specialty and procedural norms", the electronic trading platform of public resources will be built at the provincial level and deployed to the counties, cities and districts within the administrative region, so as to realize the whole process of electronic processing of various public resources trading activities within the province.

　　1. Professional bidding system for engineering construction projects. In accordance with the "Electronic Tendering and Bidding Measures" and its technical specifications, according to the professional characteristics of housing construction, municipal administration, transportation, water conservancy and other engineering construction projects, the whole transaction process of bidding and bidding is completed online, providing full online services for the tenderee, bidding agency, bidder, bid evaluation expert, public resource trading center and other trading participants.

　　2. Professional system for transferring land use rights and mining rights. Realize the electronic operation of the whole process of transferring land use rights and mining rights, such as bidding, auction and listing, and provide online services for the transferor, transferee (bidder), government procurement and transfer center, public resource trading center and other trading participants.

　　3 state-owned property rights and confiscated goods trading professional system. Realize the electronic operation of the whole process of the transfer of state-owned property rights and confiscated materials, such as bidding, auction, listing and electronic bidding, and provide online services for the transferor, transferee (bidder), property rights trading institutions, public resource trading centers and other participants in trading activities.

　　4. Government centralized procurement business system. According to the relevant standards and norms formulated by the Ministry of Finance, the whole process of centralized procurement institutions will be electronically operated, which mainly includes electronic evaluation, agreement and fixed-point procurement (electronic shopping malls), data analysis and statistics. Government procurement and transfer centers at all levels are responsible for the use, management and maintenance of centralized government procurement business systems.

　　5. Specialized system for centralized procurement of drugs and medical consumables. Optimize and improve the function of Yunnan centralized drug purchasing platform, and connect with provincial electronic trading platform through standard data exchange platform, so as to realize the electronic processing of the whole process of provincial centralized drug purchasing, high-value medical consumables and Class B large-scale medical equipment, and provide online services for the participants of centralized purchasing institutions, public resource trading centers, medical and health institutions, drug production and supply enterprises, evaluation experts and other trading activities. The provincial government procurement and transfer center is responsible for the use, management and maintenance of the centralized drug procurement platform in Yunnan Province.

　　All localities and departments should actively create conditions to promote the construction of other types of public resources electronic trading professional systems.

　　V. Safeguards

　　(1) Strengthen organizational leadership. Promoting the construction of electronic platform for public resources transactions in the province is an important measure to realize transparent management and sunny operation of public resources transactions, innovate administrative supervision methods, improve the level of administrative supervision and public services, and further promote the construction of a system for preventing and punishing corruption. All localities and departments should further unify their thinking, raise their awareness, clarify their objectives, and pay close attention to implementation. Give full play to the role of the joint meeting system of public resources trading in Yunnan Province, coordinate and solve major problems in the work, and promote the development of all work as a whole. States and cities should further establish and improve the leading institutions for special work, actively cooperate and take the initiative to ensure the smooth completion of all work. The Provincial Public Resources Trading Administration and the Development and Reform Commission should play a leading role and strengthen guidance and supervision on the promotion and implementation of state and municipal work.

　　(2) Clear job responsibilities. All localities and departments should refine their work responsibilities, clarify the time limit for completion, and accelerate the construction of the electronic platform for public resources transactions in the province. Provincial Development and Reform Commission, Finance Department, Industry and Information Technology Commission and relevant departments are responsible for project approval. Provincial Public Resources Trading Administration is responsible for the project declaration, construction and deployment, coordination and guidance, operation guarantee and application training of "one network and three platforms"; Coordinate the docking work between the electronic public service system of the province’s public resources trading and the national public resources trading platform; Coordinate the docking of electronic government affairs and electronic supervision systems of various localities and departments with the electronic public service system of public resources trading in the whole province. The relevant administrative supervision departments should strengthen the support and guidance for the development and construction of electronic platform system in combination with the professional characteristics of public resources in this industry. States and cities are responsible for the construction of hardware facilities and network environment of electronic platforms, cooperate with the local deployment and interconnection of "one network and three platforms", and be responsible for the management, operation and maintenance of electronic trading platforms at the corresponding level; States and cities that have built electronic trading platforms should do a good job in docking with provincial electronic platforms. The provincial government supervision room is responsible for the supervision and inspection of the construction of the electronic platform for public resources trading in the province and reporting the relevant situation.

　　(3) Strengthen financial guarantee. The one-time construction investment and long-term operation and maintenance investment of "one network, three platforms" require a large scale of funds. We should fully learn from the advanced experience outside the province, strengthen the project fund guarantee, and explore innovative operation and maintenance modes. "One Network, Three Platforms" is positioned as a public service, which is mainly invested by the government. It belongs to the construction part undertaken by the provincial government, arranged by the provincial finance, and belongs to the construction part undertaken by the States and cities, and is guaranteed by all localities. The Provincial Department of Finance, the Development and Reform Commission, the Commission of Industry and Information Technology, and the Public Resources Trading Administration shall, jointly with relevant departments, study and implement the project construction funds as soon as possible and clarify the project procurement methods. States and cities should strengthen the funding guarantee at the corresponding level and create conditions for the construction, operation, maintenance and interconnection of local "one network and three platforms".

　　(four) a clear time limit for completion. Before the end of June 2016, complete the project establishment, construction fund implementation, bidding and procurement of the "one network and three platforms" project; Before the end of August, the provincial "one network and three platforms" will be basically built, and it will be connected with the national public resource trading platform; Before the end of September, all states and cities will complete the supporting construction of hardware facilities and network environment; Before the end of December, "one network and three platforms" were deployed to states and cities, with terminals covering counties, cities and districts, basically realizing the whole process of electronic transactions of public resources at all levels in the province.

　　(5) Improve the system rules. All localities and departments should adopt various ways to strengthen the education and training of relevant personnel and improve the ability and level of using electronic platforms to carry out their work. According to the actual work, we should gradually establish and improve the relevant systems for the construction and operation of electronic platforms, strengthen the responsibility assessment, give full play to the role of electronic platforms, standardize the trading activities of public resources, and promote fair and just transactions.

　　Attachment: Construction Scheme of Electronic Platform for Public Resource Trading in Yunnan Province

General Office of Yunnan Provincial People’s Government

June 21, 2016

(This piece is publicly released)

attachment

Construction scheme of electronic platform for public resources transaction in Yunnan Province

　　In order to accelerate the construction of a standardized, unified, vertically connected and horizontally interconnected electronic platform for public resource transactions in the province, improve the level of administrative supervision and public services, accelerate the transparent management, standardized operation and electronic operation of public resource transactions, realize the unified construction and deployment of "one network and three platforms" in the province, and better promote fair and just transactions, this plan is formulated.

　　I. Construction objectives

　　In accordance with the construction goal of "unified and nationwide coverage, advanced technology, national first-class, stable operation and cost saving", in August 2016, relying on the Yunnan Provincial Public Resource Trading Information Network, the provincial public resource trading electronic public service system (public service platform and administrative supervision platform) and electronic trading platform were basically established, with the electronic public service system as the hub, vertically connected to the national public resource trading platform, and gradually realized horizontal communication with the e-government and electronic supervision systems of various localities and departments. By the end of 2016, an electronic trading platform for public resources will be built and deployed to states and cities. The terminals of the electronic trading platform for states and cities will cover counties, cities and districts within their respective administrative areas, and the whole process of public resources trading at all levels in the province will basically be electronic.

　　Second, the overall framework

　　The electronic public service system (public service platform and administrative supervision platform) and electronic trading platform of public resources trading in the whole province are based on public services, which meet the needs of information exchange and resource sharing among public resource trading platforms at all levels, realize the electronic processing of the whole process of public resource trading, and provide information services, transaction execution, supervision and management for market subjects, administrative supervision departments, transaction management institutions, the public and government decision-making. The information platform adopts advanced technologies such as cloud computing, big data, mobile Internet, Internet of Things, etc., and is built with application design architecture of service-oriented architecture (SOA). Based on mainstream technology systems such as J2EE, it supports cross-platform applications. Based on component and hierarchical technical architecture, it supports dynamic deployment.

　　Third, the construction content

　　(A) public service platform

　　As the hub of information integration of public resources transactions in the province, the public service platform is the big data center of public resources transactions in the province and the core of transaction information sharing, exchange and service. The public service platform mainly includes six parts: information disclosure service system, market subject credit information system, remote remote bid evaluation information management system, expert information management system, transaction data statistical analysis system and social supervision acceptance processing system. The details are as follows:

　　1. Information disclosure service system

　　The information disclosure service system mainly provides public information services for market subjects and social public subjects, including transaction information such as transaction announcement, qualification examination results, bid-winning (transaction) publicity, performance information and relevant change information, as well as regulatory information such as project approval (approval) and administrative punishment.

　　2. Market subject credit information system

　　According to the unified national social credit code, establish the credit information database of market entities, and incorporate relevant information into the unified national credit information platform to realize the exchange and sharing of credit information of market entities. Information registered and shared by market participants through the province’s public resources trading electronic public service system and the industry’s electronic supervision system established by the administrative supervision department will be shared in the whole province through data exchange and other means.

　　The administrative departments at all levels shall be responsible for establishing and improving the incentive mechanism of market participants’ trustworthiness and disciplinary mechanism of dishonesty.

　　3. Remote remote bid evaluation information management system

　　After the unified certification and testing, the bid evaluation systems of electronic trading platforms at all levels are connected to the remote remote bid evaluation management module of the electronic public service system of public resource trading in the whole province, so as to realize the interconnection of bid evaluation sites of public resource trading centers at all levels. The remote remote bid evaluation activities in the whole province take the electronic public service system of public resources transaction in the whole province as the data hub, so as to realize network configuration, guaranteed docking and no data loss, and ensure that the system is safe, efficient, stable and fast.

　　4. Expert information management system

　　The expert information management system consists of expert database and application management system, which provides expert services with complete specialties, rich categories, standardized management, interconnection, high efficiency and convenience, and high theoretical level and rich practical experience for human resources trading activities in the province, and provides conditions for promoting remote bid evaluation and evaluation in different places. The province’s expert database set up industry sub-database and regional sub-database, based on the library resources of the province’s comprehensive bid evaluation expert database, and through the standard data interface platform, exchange the expert data of the state and city that meet the provincial expert standards to the province’s comprehensive bid evaluation expert database to realize the interconnection and sharing of the province’s expert resources. The expert database application management system should have the management functions of experts’ warehousing, suspension, punishment, evaluation and warehousing, as well as the application functions of intelligent avoidance, random sampling, automatic voice notification, automatic sign-in and statistical summary.

　　The expert information management system is connected with the government procurement management information system of the financial department to realize the interconnection and sharing of expert resources and expert credit information with the government procurement review in the whole province.

　　Administrative departments at all levels shall, in accordance with the division of responsibilities, strengthen the dynamic supervision of bid evaluation and evaluation experts through the expert information management system, and optimize and improve the mechanism of expert selection, hiring, training and withdrawal.

　　5. Transaction data statistical analysis system

　　The transaction data statistical analysis system carries out statistical analysis, comprehensive utilization and risk monitoring and early warning on the transaction data of public resources in the province, and generates analysis reports according to specific dimensions of the industry to provide data support for decision-making and forecasting.

　　6. Social supervision acceptance processing system

　　The social supervision acceptance and processing system is the service window for the electronic public service system of public resources transaction in the province to accept social supervision, handle social complaints timely and effectively through this system, and feed back to the public.

　　(B) the administrative supervision platform

　　The role of the administrative supervision platform is to conduct unified electronic supervision and management of the whole process of trading activities, and all levels of supervision, administrative supervision departments and trading management institutions use it according to their respective authorities.

　　The administrative supervision platform consists of three parts: administrative supervision system, electronic supervision system and comprehensive supervision system. Through the functional modules of project acceptance supervision, project process management (filing management or trace management of relevant information such as bidding documents and bidding announcements in the process of trading activities), real-time monitoring (real-time viewing of the implementation of trading projects), transaction process playback, contract filing (filing management of trading contracts) and online acceptance, handling of complaints and reports, and notification and notification of processing results, etc.

　　The administrative supervision platform shall be built according to the principle of "no overlapping of responsibilities and functions". The electronic public service system of public resources transaction in the whole province shall open the data interface and realize information exchange and sharing with the existing electronic supervision system of the administrative supervision department.

　　(3) Electronic trading platform for public resources

　　The electronic trading platform consists of core business software system (trading software system), operating system, database, middleware and other software systems and corresponding hardware systems, and its functional goal is to realize the electronic processing of all kinds of public resources trading business. The trading software system is composed of professional systems such as bidding for construction projects, which is the core content of the construction of electronic trading platforms at all levels. The server hardware, database, middleware (technical parameters are selected according to their own situation) and network operating environment required for the operation of trading software are built by each state and city.

　　1. Electronic trading professional system

　　(1) Professional system of bidding for engineering construction projects

　　The tendering and bidding professional system of engineering construction projects is built according to the Measures for Electronic Tendering and Bidding and its technical specifications, and the whole process of trading methods such as public bidding and invitation bidding is electronically processed. The main functions include: online service of public resource trading center, online service of tenderers, online service of tendering agency, online service of bidders, electronic bid opening, electronic bid evaluation, electronic calibration, online supplementary information, online deposit collection and refund, online filing of transaction activity materials, convenient reminder service, electronic signature of transaction process documents, etc.

　　(2) Professional system of land use right and mining right transaction.

　　The professional system of land use right and mining right transaction should cover the whole process of electronic processing of bidding, listing (bidding), auction and agreement transfer. The main functions include: the whole process online service of public resource trading center, the whole process online service of government procurement and transfer center, the whole process online service of bidders, online bidding, online deposit collection and refund, online filing of transaction activity materials, electronic signature of transaction process documents, etc.

　　(3) Professional system of state-owned property rights and confiscated goods trading.

　　The professional system of state-owned property rights and confiscated materials trading should cover the whole process of electronic processing of bidding, listing (bidding), auction and agreement transfer. The main functions include: online service of public resources trading center, online service of property rights trading institutions, online service of bidders, online bidding, online deposit collection and refund, online filing of trading activity materials, electronic signature of trading process documents, etc.

　　(4) government centralized procurement business system

　　The centralized government procurement business system is built in accordance with the National Master Plan for the Construction of Government Procurement Management Trading System, the Basic Data Specification for Government Procurement Business and the relevant requirements of the financial department, so as to realize the electronic operation of the whole process of government procurement and transfer center business. The centralized government procurement system consists of business function subsystem (including extranet portal of government procurement and transfer center, collaborative office platform, electronic auxiliary bid opening and evaluation subsystem, supplier auxiliary bidding tool, online trading subsystem of agreed goods, price monitoring subsystem of agreed goods, data statistical analysis subsystem, system management subsystem and mobile device APP client), comprehensive information resource database (including purchaser information database, supplier information database, commodity information database, Template information base, etc.), application support platform (including workflow platform, report tool, data exchange platform, short message platform, document management platform, etc.), etc.

　　Government procurement and transfer centers at all levels are responsible for the use, management and maintenance of centralized government procurement business systems.

　　(5) Specialized system for centralized procurement of drugs and medical consumables.

　　Optimize and improve the function of Yunnan centralized drug purchasing platform, and connect with provincial electronic trading platform through standard data exchange platform, so as to realize the electronic processing of the whole process of provincial centralized drug purchasing, high-value medical consumables and Class B large-scale medical equipment, and provide online services for the participants of centralized purchasing institutions, public resource trading centers, medical and health institutions, drug production and supply enterprises, evaluation experts and other trading activities.

　　The provincial government procurement and transfer center is responsible for the use, management and maintenance of the centralized drug procurement platform in Yunnan Province.

　　(6) Foundation supporting system

　　(1) the tender documents production tools

　　The tool for making electronic bidding documents can generate bidding documents according to standard documents or templates, edit bidding documents, set the main contents and format requirements of bidding documents, and package attachments with different formats to generate a document, which can be used in the bid opening and bid evaluation system to automatically extract important information and achieve the function of assisting bid evaluation.

　　(2) bidding documents making tools

　　The tool for making electronic bidding documents can edit and make documents online or offline, which mainly includes the functions of file import, file content editing, bill of quantities (if any) import, format file conversion, electronic signature, file generation, verification and encryption.

　　③ bid opening subsystem

　　The bid opening subsystem can display the number of bidders who meet the requirements of laws and regulations, and can start or cancel the bid opening according to the actual situation; Verify and publish the bidding documents without being tampered with or omitted and the bidding process records; Decrypt the bidding documents according to the time of bid opening and record the decryption process; Read, record and display the bidding document data; Record the information of the bid opening process and confirm it with the electronic signature of the participating units; Exchange bid opening records synchronously with the public and public service platforms through the trading platform.

　　④ Bid evaluation subsystem

　　The evaluation subsystem tools can set evaluation forms and evaluation items according to the evaluation methods, evaluation factors and standards specified in the bidding documents; According to the bid evaluation method specified in the bidding documents, analyze and compare the bidding documents, assist in scoring or calculate the bid evaluation price; Summarize and calculate the comprehensive scores or bid evaluation prices of bidders and sort them, so as to realize the functions of automatically generating bid evaluation reports, electronic signatures of experts and electronic signatures.

　　⑤ Electronic file subsystem

　　Provide archiving function to record and maintain data and documents related to bidding activities. Provide the functions of classification, sorting, archiving and data analysis of data and documents, and the archived data and documents shall comply with the relevant national regulations on electronic archives. Provide the function of consulting bidding data and documents according to authority. It provides the functions of recording, backing up, archiving and archiving the operation time and personnel information involved in electronic bidding.

　　⑥ Data exchange system

　　Including public service platform interface, administrative supervision platform interface, professional data exchange interface, administrative efficiency exchange interface, digital certificate exchange interface, bank data exchange interface and so on.

　　⑦ Other foundation support systems

　　Including control center system, digital certificate signature verification, professional tools, online payment, file management and so on. The control center system provides server performance monitoring service, system user rights allocation control, log management, etc. for all application services. Digital certificate signature verification and electronic seal system provide legal, intuitive and security guarantees for all kinds of digital information and format documents.

　　(7) Information sharing system

　　Electronic trading platforms at all levels will collect and exchange the trading information to the electronic public service system of public resources trading in the province, so as to realize centralized release, sharing and comprehensive statistical analysis of the trading information of public resources in the province. The key process information of trading activities is sent to the electronic public service system of public resources trading in the whole province through the data exchange platform. The data exchange platform shall be built by the provincial level with reference to the relevant national testing and certification technical requirements. All levels of electronic trading platform construction units need to prepare a data exchange front-end machine, which is required to be a low-end server or a high-end PC.

　　2. Online monitoring system

　　From the current on-site supervision to online supervision, through online audio and video supervision, automatic early warning of abnormal transactions and other functions, we will focus on supervising the transaction links such as project acceptance, announcement, bid opening and evaluation (evaluation, bidding), bid winning (transaction) publicity, and issuing transaction certificates, and connect with the administrative supervision platform of the electronic public service system for public resources transactions in the province through the standard data interface platform.

　　The online supervision system should have the function of online consultation and suggestions, and actively accept the supervision of the public.

　　3. City subsystem of expert information management system

　　According to the requirements of the province’s public resource transaction expert resource integration work plan, all the states and cities integrate local expert resources, establish local expert database sub-databases, and connect with provincial expert databases through standard data interface platforms to realize the interconnection and resource sharing of expert databases at all levels.

　　Each state and city is responsible for the construction, management, operation and maintenance of hardware facilities and operating environment of local subsystems.

　　4. City subsystem of remote remote remote bid evaluation information management system

　　States and cities should realize the whole process of bid evaluation through the bid evaluation system of the electronic trading platform at the corresponding level, and establish a unified remote bid evaluation room in accordance with the relevant requirements at the provincial level. The bid evaluation system of electronic trading platforms at all levels should meet the following basic conditions: docking with the remote remote bid evaluation information management system of the whole province, and the system functions support remote bid evaluation activities; Realize the authority management and barrier-free login of bid evaluation experts and relevant supervision departments; Realize online countersigning of bid evaluation (review) report; Realize the statistics, inquiry and settlement of expert fees; There is a review system for online supervision of bid evaluation activities (that is, online monitoring of audio and video).

　　Provincial unified formulation and release of remote remote bid evaluation data exchange standards, through the remote remote bid evaluation information management module of the province’s public resources trading electronic public service system, provide technical support and data exchange support for remote remote bid evaluation activities, and ensure the safety, efficiency and stability of system construction and operation. Public resource transaction management institutions at all levels should formulate supporting management systems to ensure the benign operation of remote remote bid evaluation systems. Public resource transaction management institutions or public resource trading centers at all levels should set up special remote remote bid evaluation management posts, designate special personnel to be responsible for the management and coordination of remote remote bid evaluation, the on-site management of bid evaluation at home or in the sub-field, the maintenance of bid evaluation order, and the data entry, operation and maintenance of relevant systems.

　　5. Network and information security

　　(1) Electronic trading platforms at all levels should adopt two access modes: digital private line users and Internet users.

　　Private network access area: The online monitoring system, expert information management system and remote remote bid evaluation information management system of provincial and municipal electronic trading platforms should be connected with the electronic public service system of the province’s public resources trading by means of logical isolation through e-government extranet or digital dedicated line. The network bandwidth using optical fiber access mode is not less than 50M. County-level public resource trading centers and state and municipal public resource trading centers shall be connected through e-government extranet or digital private line, and shall not be interconnected with office network.

　　Internet access area: All trading professional systems of electronic trading platforms at all levels should access the electronic public service system of public resources trading in the whole province by optical fiber, with a network bandwidth of not less than 50M and corresponding security equipment.

　　(2) Electronic trading platforms at all levels should use digital certificates for user identity authentication to ensure platform operation management and data information security. Electronic trading platforms at all levels should be compatible with all kinds of digital certificates, provide access technical standards for digital certificate manufacturers, and realize cross-recognition

　　(D) Information infrastructure

　　1. Servers and storage

　　The number and parameters of servers and storage devices with mainstream configuration are configured according to the actual needs of information systems and information exchange in various places.

　　2. Network and security equipment

　　According to the need and actual situation, configure the network security equipment to access the private network access area and the Internet access area to ensure the security of the network environment and data transmission.

　　3. Power supply and distribution

　　Equipped with a special distribution box to effectively manage the mains and UPS power supply, and the electrical equipment must be safely grounded and lightning protected. According to the power consumption of the equipment, reasonably estimate the battery capacity of UPS, and reserve it appropriately. It is suggested that the power supply time of UPS should be more than 2 hours.

　　4. Data room

　　According to the local conditions and referring to the relevant security protection levels, the states and cities make full use of the computer room of the e-government center or establish an independent computer room to support the application of software, network, security, servers, UPS, storage, audio and other equipment. The data room should be reserved with sufficient space and reasonable location, which is convenient for wiring and related power supply, lightning protection and grounding projects. Can be equipped with drying, air conditioning, security, fire fighting and other equipment as appropriate.

　　In accordance with the principle of "reducing financial investment", the county-level public resource trading center will no longer build independent data rooms in principle.

　　(5) Testing and certification

　　Professional trading systems related to public resources at all levels should be constructed or upgraded with reference to the Measures for Electronic Bidding and Bidding and its technical specifications, and the professional system for bidding and tendering of engineering construction projects should pass the testing and certification in accordance with the Administrative Measures for Testing and Certification of Electronic Bidding and Bidding Systems. The centralized government procurement business system should be built in accordance with the National Master Plan for the Construction of Government Procurement Management Trading System and the Basic Data Specification for Government Procurement Business, and meet the relevant requirements of the financial department.

　　Fourth, the division of responsibilities

　　The joint meeting of the provincial public resources trading work is responsible for coordinating the construction of the electronic platform for public resources trading in the province, supervising and inspecting the work progress of various localities and departments, and timely studying and solving major problems encountered in the work. The main responsibilities of the members of the joint meeting are as follows:

　　The Provincial Development and Reform Commission, the Commission of Industry and Information Technology, and the Department of Finance, jointly with relevant departments, are responsible for the establishment of projects such as the evaluation and demonstration of project feasibility study reports and the implementation of project construction funds.

　　Provincial Development and Reform Commission, Industry and Information Technology Commission, Department of Justice, Department of Finance, Department of Land and Resources, Department of Environmental Protection, Department of Housing and Urban-Rural Development, Department of Transportation, Forestry Department, Department of Water Resources, Department of Commerce, Health and Family Planning Commission, State-owned Assets Supervision and Administration Commission and other departments in charge of public resources trading industry are responsible for standardizing the trading procedures and electronic operation procedures of public resources projects in this industry in accordance with the principle of "classified construction" and according to the professional characteristics of public resources in this industry, and formulating a unified trading document model for this industry. Strengthen the support and guidance for the development and construction of electronic platform system.

　　Provincial Public Resources Trading Administration is responsible for the project declaration, construction and deployment, coordination and guidance, operation guarantee and application training of "one network and three platforms"; Coordinate the docking work between the electronic public service system of the province’s public resources trading and the national public resources trading platform; Open the data interface of the province’s public resources transaction electronic public service system, and actively connect with the e-government and e-supervision systems of various localities and departments.

　　The provincial government supervision room is responsible for the supervision and inspection of the construction of the electronic platform for public resources trading in the province and reporting the relevant situation.

　　The state and municipal people’s governments shall, in accordance with the principle of "hierarchical management", be responsible for the construction of hardware facilities and network environment of electronic platforms, cooperate with the local deployment and interconnection of "one network and three platforms", and be responsible for the management, operation and maintenance of electronic trading platforms at the corresponding level; States and cities that have built electronic trading platforms should do a good job in docking with provincial electronic platforms.

　　V. Implementation steps

　　The construction period of this project is 8 months.

　　(1) The first stage (May-June 2016): the preliminary work of the project. Prepare the feasibility study report of the project and organize the completion of the project; In accordance with the government procurement law and relevant regulations, the project construction unit shall be selected by public bidding according to the law and regulations; Conclude a contract. (Responsible for the Provincial Public Resources Trading Administration)

　　(II) Phase II (July-November 2016): Project construction.

　　Confirm the overall design scheme and detailed requirements of platform functions, and develop and construct the main functions of the platform; Formal environment for platform system deployment, system debugging and trial operation. (Provincial Public Resources Trading Administration takes the lead; Cooperate with relevant provincial departments)

　　In accordance with the relevant requirements of the National Development and Reform Commission, carry out docking work with the national public resource trading platform. (Provincial Public Resources Trading Administration and Development and Reform Commission are responsible)

　　According to the unified norms and standards, the states and cities have built the relevant hardware and network environment, and the platform system has been formally deployed in various places; Electronic trading platforms at all levels are vertically interconnected, and horizontal interconnection and resource sharing with e-government and electronic supervision systems are promoted in a timely manner. (State and municipal people’s governments, led by the Provincial Public Resources Trading Administration; Cooperate with relevant provincial departments)

　　(3) The third stage (December 2016): project acceptance. Organize project acceptance and platform system application training. (Provincial Public Resources Trading Administration takes the lead; Cooperate with relevant provincial departments)

　　Since the beginning of November, the season has turned into winter, and the temperature is getting lower and lower. Winter is the season of high incidence of respiratory infectious diseases. If it is cold late this year and it may be a warm winter, respiratory infectious diseases will be more popular, which will be a severe test for everyone.

　　The best way to deal with the endless stream of pathogenic bacteria is to strengthen the body’s own resistance. Improving nutritional status is one of the important measures.

　　Many studies have found that the lack of vitamin A and vitamin D is related to poor resistance to various infectious diseases. People who lack these two vitamins will have a greater risk of severe mycoplasma pneumonia, and the risk of severe illness in Covid-19 will also increase. Especially for children and the elderly, the resistance is relatively low, so we should be more careful about the insufficient intake of these nutrients.

　　Vitamin A is an important anti-inflammatory vitamin.

　　Vitamin A is beneficial to improve the mechanism of resisting virus infection, including strengthening immune response, inhibiting inflammatory response and promoting mucosal repair.

　　Several studies have found that in patients infected with Covid-19, the plasma vitamin A level will be significantly reduced (viral infection consumes vitamin A in the body), and this lack of vitamin A will promote the release of more pro-inflammatory factors, including IL-6 and IL-1β And TNF-α And so on, thus increasing inflammatory indexes such as C-reactive protein.

　　Studies have found that vitamin A supplementation has effectively improved Covid-19’s infection, and fever, body pain, weakness and fatigue are not so serious, and the white blood cell count and the level of C- reactive protein have also decreased.

　　Some studies have also found that patients with low levels of vitamin A have a heavier disease score and a greater risk of hospitalization.

　　Poor vitamin A will increase the risk of severe mycoplasma pneumonia in children.

　　In addition, it has been found from previous studies that vitamin A malnutrition will increase the risk of severe mycoplasma pneumonia in children. Children with low serum vitamin A levels are more likely to suffer from severe mycoplasma pneumonia. Vitamin A supplementation can effectively reduce the risk of severe mycoplasma pneumonia. In a word, vitamin A has an important contribution to fight infection.

　　The risk of pneumonia and tracheitis will also increase when vitamin D is deficient.

　　Numerous studies have confirmed that vitamin D deficiency is associated with higher risk of infection, severe illness and death in Covid-19. Recently, it has been suggested that the level of serum 25- hydroxyvitamin D is related to the severity of mycoplasma pneumonia and the level of inflammatory factors, and to the risk of bronchial mucus embolism.

　　A variety of acute respiratory diseases are related to viruses, including coronavirus, influenza virus, respiratory syncytial virus, adenovirus, enterovirus, etc. In children lacking vitamin D, the infection rate of these diseases will increase. In addition, when vitamin D is deficient, the risk of severe pneumonia and tracheitis will also increase. The summary analysis of 25 studies supports the correlation between vitamin D deficiency and acute respiratory infectious diseases.

　　How to check whether vitamin A and vitamin D are insufficient?

　　Think about it. Is it possible for you and your family to have insufficient vitamin A and vitamin D?

　　Check vitamin a first.

　　If you and your family seldom eat:

　　— — Orange vegetables (carrots, pumpkins, etc.)

　　— — Orange-yellow fruits (such as papaya, mango, citrus, etc.)

　　— — Orange-yellow potatoes (sweet potatoes with orange flesh)

　　— — Dark green vegetables (such as spinach, broccoli, kale, rape, etc.)

　　— — Whole milk (including whole yogurt and cheese) or butter.

　　— — Egg yolk (including egg yolk of eggs, duck eggs, quail eggs, goose eggs, etc.)

　　— — Various animal livers (chicken liver, duck liver, goose liver, pig liver, sheep liver, etc.)

　　— — Fatty marine fish (such as saury, sardine, salmon, etc.)

　　Then it is easier to lack vitamin A, because they are all sources of vitamin A. Even if you eat 1 egg yolk and 1 cup of whole milk every day, the vitamin A you get is still far from reaching the standard. If there are symptoms that the skin and eyes are easy to dry, or you can’t see things clearly at night, it is more likely that there is a lack of vitamin A.

　　Check vitamin d again.

　　If you and your family:

　　— — You can’t wear short sleeves and exercise in the sun for half an hour every day.

　　— — The exposed parts of the skin are covered with sunscreen.

　　— — Wear sun protection clothes, hats or umbrellas whenever you see the sun.

　　Then you can’t get vitamin D from sunlight, which is the most natural and main source of vitamin D.

　　If you and your family:

　　— — Do not eat animal liver and kidney.

　　— — Don’t eat much egg yolk, whole milk and cream.

　　— — Fatty marine fish are seldom eaten.

　　Then food-derived vitamin D is also difficult to obtain, because they are the main sources of vitamin D. Even if you eat 1 egg yolk and 1 cup of whole milk every day, the vitamin D you get is still far from reaching the standard.

　　How to eat three meals to increase the intake of these two vitamins?

　　How to eat enough of these two vitamins? It’s very simple. Just follow the food suggested by the above self-examination.

　　Here is a suggestion for three meals that can increase the supply of vitamin A and vitamin D:

　　breakfast

　　Have a cup of whole milk and an egg with yolk. It is best to add 100 grams of small oranges, oranges, mangoes, papaya and other orange fruits. If people are not fat and their triglyceride and cholesterol levels are normal, two slices of cheese can be used instead of whole milk.

　　lunch

　　Eat animal liver twice a week, fried, boiled or marinated. For example, salted duck liver, stewed pig liver and fried chicken liver are all delicious. Add at least 100 grams of dark green vegetables, such as broccoli and Chinese cabbage.

　　dinner

　　Eat a piece of steamed pumpkin, or steamed sweet potato with red hearts, or a dish with fried carrots, and add at least 100 grams of dark green vegetables. Eat fatty marine fish twice a week, such as saury, spring fish and sardines.

　　Although there may be excessive problems after taking multivitamin A supplements, it is very safe to eat more orange and green fruits and vegetables and take carotene. Even if you eat too much carrots and your skin turns a little yellow, it will gradually fade if you stop.

　　However, increasing vitamin D mainly depends on sun exposure. If you make up from food, you may consume too much cholesterol, which is more difficult for people with hyperlipidemia.

　　In winter, the simple way to increase vitamin D is to bask in the back: when the sun is fine and there is no wind, open the window and let the sun shine directly on the bare back skin (it won’t be cold, and the whole body will start to heat up after a few minutes of sunbathing).

　　Because the area of the back is relatively large, drying the back can effectively increase vitamin D, and there is no need to worry about tanning the face or increasing wrinkles. Sunbathing won’t cause vitamin D poisoning.

　　How to avoid excessive poisoning by supplementing vitamin A and vitamin D?

　　The best way is to ask a nutritionist or registered dietitian to help you confirm whether the dose is appropriate.

　　However, we have to know the basic knowledge ourselves. Vitamin A in human body includes three forms: retinol, retinaldehyde and retinoic acid. Retinol can be converted into retinaldehyde (maintaining normal vision in dark light) and retinoic acid (maintaining normal immunity and children’s growth and development), but retinoic acid cannot be converted back to retinol.

　　Generally speaking, vitamin A in supplements is retinol, or retinol ester. At the same time, there are also carotene supplements, which can be turned into vitamin A in the body. However, for infants and some people with weak digestive ability, the conversion efficiency of carotene is relatively low, and the effect of vitamin A supplementation is not good.

　　Therefore, the source of vitamin A = retinol (ester)+carotene. In order to unify the two sources, "retinol equivalent" is often used to represent the total amount in food.

　　According to China’s nutrient reference intake standard, the daily vitamin A supplement should not exceed 3000 retinol equivalents (10000 international units), and the vitamin D supplement should not exceed 50 micrograms (2000 international units). Unless there is a doctor’s prescription, a larger dose can be used for treatment. The amount of vitamin supplements usually does not exceed the limit, but if you take more than one vitamin supplement at the same time, you need to look carefully to see if the combined amount will be too much.

　　In short, we must take good care of ourselves and our families when respiratory infectious diseases are high at the end of the year. It is important not to stay up late, go to bed early, keep a good mood, exercise moderately and eat enough nutrition. In addition to vitamin C, which people pay more attention to, vitamin A and vitamin D, two easily overlooked anti-infective nutrients, must also eat enough!

　　Text/Fan Zhihong (director of China Nutrition Society, chief expert of science communication hired by China Association for Science and Technology)

1905 movie network news　On the evening of December 18th, the film was premiered in Beijing, which is another Mahua FunAge work written and directed by Zhou Shen and Liu Lu. On the same day, they attended the post-screening meeting with Ren Suxi, Wu Yuhan, Liu Xun and Tang Min, and shared with the guests and audience present.

　

Zhou Shen had no intention to interpret his own creation, and Liu Lu made a speech on his behalf. She said that three years ago, the topic of "the bottom line" was discussed in "The Water of the Donkey", but Almost A Comedy only made this discussion younger: "We are still thinking, why? Because we wanted to’ kneel down’ (compromise with the world) countless times in the process of doing "The Water of the Donkey", but in the end we proved that we can do (one thing) without kneeling down, and I want to share this truth with all young people. "

　

Wu Yuhan, Ren Suxi, Liu Xun

Almost A Comedy, adapted from Mahua FunAge’s drama, discussed the realistic topic of college students’ finding jobs and getting married after graduation. Ren Suxi admits that her role is "out of place and doesn’t give people a step", but she thinks that what the girl wants to express is her true feelings. In the movie, Ren Suxi’s favorite line is "I’m 30 years old. It’s not that I don’t know what the world is like. I just want to try this." This is also her self-expression in the rehearsal process, and when she said this word, Ren Suxi choked and wet her eyes.

　

Ren Suxi

In order to pay tribute to the "Mahua FunAge" brand, Shen Teng, Yan Fei, Peng Damo, Huang Cailun and others were also present to watch Almost A Comedy. Shen Teng’s speech is still humorous, laughing that he "feels that he still needs to work hard because he has not been able to participate in such an excellent film." Directors Yan Fei and Peng Damo are proud and moved by the opportunity for their old classmates Wu Yuhan to show themselves on the big screen. This made the two people suffer from Shen Teng’s "spit": "Then why don’t you use others when making movies?" Yan Fei hit back: "Teacher Shen Teng won’t let me use it. Both of them are from military arts, and who is the school grass has its own public opinion today. "

　

Shen Teng

In addition, Xiaogang Feng, Liang Jing and other filmmakers also made their debut on the same day. Xiaogang Feng bluntly said that she was a fan of Ren Suxi, and thought that she was an excellent actress who could "give a movie a sense with her own efforts". Ren Suxi also expressed the hope that both Almost A Comedy and Shanghai will sell well at the box office.

　

On December 20th, Almost A Comedy will land in the cinema.

　

　　□ Our reporter Wang Chun Our correspondent Hu Congying

　　While many traditional industries are struggling to realize the new economic development form of "internet plus", I didn’t expect illegal gambling to get on the bus early.

　　Gambling machine, Mark Six Lottery, Stud, Mahjong Pai Gow … … The traditional gambling methods in the past no longer meet people’s needs. With the development and popularization of network technology and the frequent replacement of social entertainment projects, gambling no longer relies solely on realistic means, and gambling forms through network virtual methods are becoming more and more diverse.

　　Wechat grabs red envelopes and online silver merchants … … The emerging online gambling has now become an important form of gambling, which is getting worse. Some criminals take advantage of the convenience, rapidity and concealment of the Internet to carry out online gambling in various forms, and some gamers are trapped in the fog of traps.

　　The amount involved in online gambling is extremely high.

　　Online gambling has a distinctive feature, which is the convenience, low cost and low risk of operators and participants. Its participants can stay at home, just click the mouse at home to participate in the virtual gambling places; For the operators of online gambling, they don’t need much investment. They just need to set up a website and use a server to easily build a virtual casino and organize people to participate in gambling.

　　In 2015, the People’s Court of Yongjia County, Wenzhou City, Zhejiang Province concluded 128 cases involving 338 gambling crimes, including 5 cases involving 14 people, involving a total amount of 738 million yuan.

　　At present, as a medium between gambling game websites and players, "silver merchants" have become an important participant in online gambling. In recent years, Yongjia Court has accepted many criminal cases involving online gambling to investigate "silver merchants".

　　Zhang Qingxin, vice president of the criminal court of Yongjia Court, told the reporter of Legal Daily that "silver merchants", as middlemen, specialize in the exchange and settlement of virtual game coins and RMB on the game website, and earn the difference by constantly buying and selling them, thus attracting more people to participate in gambling. Because the price of game coins sold by "silver merchants" is generally lower than the official recharge price, it attracts a large number of players to trade with them. The game money won by players can only be converted into cash through the "silver merchants", so the gambling game website and the "silver merchants" have become interdependent and mutually beneficial cooperation.

　　Last year, Yongjia Court accepted a case of "silver merchants" pursuing responsibility. Seven people involved in the case acted as "silver merchants" on the game website, buying and selling "silver" through QQ account and bank transfer, and the amount of bank cards used for this activity was as high as 500 million yuan. In the end, the court sentenced the defendant to four years and six months to ten months in prison for opening a casino.

　　With the fire of WeChat red envelopes, a new gambling method has also emerged. Due to the randomness of the amount of WeChat red envelopes, some lawless elements have exploited this loophole.

　　Around July 2015, Zhou, a post-80s woman, set up a WeChat group by using mobile phone WeChat. She was the owner of the group, and Chen Mou and others, who were also post-80s women, were hired as a package. The package was distributed on behalf of the package and the first salary was drawn. Self-made rules organized people in the group to gamble in the form of grabbing red envelopes. In the end, the court sentenced three defendants to corresponding penalties for gambling.

　　Zhang Qingxin, the judge in charge of the case, said that sending red envelopes in the WeChat group, if it is a small amount of mutual exchange between friends, can be regarded as a gift and does not involve illegality; However, if it is a group of red packets for profit, it is suspected of gambling.

　　Cross-border features are obviously concealed.

　　In recent years, all kinds of illegal and criminal activities of online gambling are spreading in China, and the gambling patterns are constantly being renovated, the number of gamblers is increasing, and the amount involved in gambling is increasing, which has become a major public hazard. At the same time, the forms of online gambling are constantly changing, and the work of banning gambling is facing a severe situation.

　　It is understood that with the development of network technology, the phenomenon of gambling by means of internet and online financial payment has developed rapidly. This kind of gambling is mainly caused by overseas online gambling groups establishing the organization chain of gambling activities in China by means of agency and expanding by means of pyramid schemes. Online gambling activities are concealed and spread rapidly, especially in areas with developed economy and Internet information technology.

　　Dr. Li Huaisheng of China University of Political Science and Law, who has been engaged in the research of cyber criminal law for a long time, believes that the amount involved in online gambling is often huge because of the virtuality and infinite extension of cyberspace, and more gambling shady scenes may still be hidden underwater, and the cross-border characteristics of online gambling are obvious. Although China has criminal jurisdiction over the behavior of overseas gambling groups to attract mainland residents to participate in gambling in criminal law, it is objectively difficult to punish them because of cumbersome procedures.

　　It is understood that due to the virtuality and cross-regional nature of the network, the managers in gambling sites are isolated from each other and have strong concealment, which makes it difficult for major shareholders or bookmakers to be captured. Gambling companies use virtual hosts, hosting hosts, etc. to publish gambling advertising information, but also constantly change network addresses and domain names, which has certain anti-detection ability; When arresting the people involved, once the gambler disconnects the network connection or turns off the computer, a lot of evidence in the server will be lost. At the same time, gambling funds are often paid online by credit card or transferred by bank, while agents usually have several bank accounts, and the capital turnover channels are complex and hidden, so it is difficult to find out all the crime amounts and the total amount of illegal profits.

　　In 2015, Heilongjiang police cracked a large transnational online gambling case, involving trillions of dollars, but it encountered many difficulties in the early investigation stage. The police found that "Dafa 888" online gambling activities had more than 30 branches of gambling websites such as "Horizon Asia" and "Paradise", and the gambling personnel were distributed in more than 10 provinces across the country, which generally caused heavy losses. This website can connect with overseas casinos and broadcast the gambling activities of related casinos live, thus realizing the synchronization of domestic gambling and overseas casinos.

　　For the police of the task force, the only breakthrough in the case before us is the confusing gambling webpage and the bank card number retained on the webpage for gambling transactions. The ownership of these cards is false, and the bank cards are illegally purchased from China by overseas gambling gangs, and each card is linked with thousands or even tens of thousands of cards at the same time. Once gambling funds enter the bank cards published in gambling sites, these funds will be quickly transferred to a series of bank cards linked to the card, making it difficult for the police to track down the whereabouts of the funds.

　　Similarly, Zhejiang Songyang police moved to Hanoi, Vietnam and 10 Yu Sheng cities all over the country for more than 100,000 kilometers, and finally successfully cracked the "998" mega-transnational online gambling case, involving more than 400 billion yuan, which also faced similar investigation problems. Until April this year, with the cooperation of the Chinese and Vietnamese police, Zhou, the main criminal of the case notified by the international red, was successfully pursued and brought to justice from Hanoi, Vietnam. At present, there are still three principal criminals fleeing abroad, and the case is still under investigation.

　　Strike hard and prevent with big data

　　The Internet is a double-edged sword. In recent years, the illegal crimes of gambling by using the Internet are on the rise, and a large number of crimes such as robbery, theft and fraud have been induced.

　　With the social transformation and the diversification of values, some people have a weak legal awareness, and even think that gambling and opening casinos are just ‘ Prohibition is not illegal ’ Blurred the line between gambling and entertainment, and lacked due vigilance against gambling-related crimes. What’s more, in order to pursue excitement and hope to get rich overnight, they boldly gambled.

　　It is urgent to crack down on online gambling. On June 30th this year, Guo Shengkun, State Councilor and Minister of Public Security, demanded that illegal and criminal activities, such as online gambling, which were strongly reflected by the masses, should be severely cracked down in accordance with the law, and efforts should be made to build a comprehensive prevention and control system for the online society, so as to continuously improve people’s sense of security and satisfaction.

　　Hu Jianwu, president of the criminal trial court of Yongjia Court, said that gambling not only endangers public order, but also easily leads to other crimes that infringe on citizens’ personal rights or endanger social order, which is very harmful to society and should be severely cracked down. In order to crack down on online gambling, the court must play its criminal trial function, severely punish gambling-related crimes according to law, and ensure social harmony and stability. To completely eliminate online gambling, the most important thing is that people who are deeply involved in online gambling can get out of the quagmire. In reality, many people vent their emotions and release their pressure through online games, and online gambling is constantly tempting to "take the bait" under the guise of games; Players’ appetite is getting bigger and bigger after tasting the "sweetness", and they are increasingly unable to extricate themselves. Only the people in the game can ignore the temptation and get out of the trap fog, can the network really be a pure land.

　　"Yongjia Court will continue to adhere to the zero tolerance attitude towards gambling crimes, give full play to the role of property punishment, cut off the sources of funds for gambling crimes, effectively curb all kinds of gambling-related criminal activities, and prevent the recurrence of gambling-related crimes." Hu Jianwu said that the court will strengthen information exchange with the public security bureau and the procuratorate, and further build a communication platform between functional departments on the basis of regular joint meetings of the public security inspection law. In addition, further strengthen the docking with the Judicial Bureau in community correction, help correct criminals’ gambling habits, and promote their smooth return to society.

　　"Online gambling has been very popular in recent years. Because of the non-contact nature of the Internet, online gambling is not limited by time and space. The objective harm is much higher than that of ordinary gambling, and it is difficult to investigate." Gao Yandong, director of the Internet Criminal Law Research Center of Zhejiang University Law School, said that in the Internet age, we must have a sense of big data, rely on big data, and use technology to technology. On the Internet, everyone swims naked. No matter how gambling sites covers it up, how anonymous the gamblers are, transfer records and chat records all leave traces. In the era of big data, all this should belong to nowhere to hide.

　　Gao Yandong believes that the police in the Internet age need not only muscles, but also technology. Law enforcers should be good at using big data to improve their data analysis and tracking capabilities. Only by using technology to technology, can online gambling not be initiated and checked, and online gambling can be truly curbed.

　　"Combating online gambling is not an easy task, and it needs the joint efforts of all parties. In addition to the judicial departments such as the Public Prosecution Law, it is inseparable from the support of Internet companies. " Gao Yandong suggested that Internet companies like Alibaba and Tencent have more data and higher technical capabilities than law enforcers. Law enforcers should be brave enough to try, introduce and use private forces to make up for shortcomings in law enforcement and crack down on Internet crimes including online gambling.

　　Draw/Gao Yue

Shanghai securities news, a well-known domestic securities media, once described Xiaomi eco-chain enterprises in "Xiaomi Department": Real Bottleneck and Fantasy Valuation ":

1) Eco-chain enterprises are more like the OEM departments of Xiaomi’s product lines than independent operations;

2) Although the relevant founder is the largest shareholder, the actual control right behind the complicated shareholding structure still belongs to Lei Jun;

3) The high related party transactions make Xiaomi Eco-chain Company and Xiaomi more like a "family".

Since it is a "family", it is common to leverage each other for common development; But once the dependence is formed, it greatly increases the difficulty of capitalization.

As the largest ecological chain group in China, Lei Jun and many enterprises in its Xiaomi ecological chain once dreamed of going to the distant capital market. Now, they have to face the cold reality because the regulators are not stupid.

More than 20 days ago, the proposal of all-magic acoustic backdoor under Xiaomi Ecological Chain was rejected by CSRC, and the right and wrong of Xiaomi Ecological Chain and the ultimate trend of Xiaomi Empire were once again put before the public.

There are two main audit opinions of the M&A Committee of CSRC:

1) The company’s disclosure that the actual controller of Wanmo Acoustics has not changed in recent three years is not sufficient;

2) The sales and profit sources of Wanmo Acoustics are highly dependent on related parties.

If you don’t quite understand the meaning of these two sentences, then compare them with the three descriptions of shanghai securities news above.

In fact, this seemingly dull veto has dealt a fatal blow to Lei Jun and Xiaomi’s eco-chain, and also intuitively demonstrated many business dilemmas of eco-chain enterprises pointed out by the Shanghai Stock Exchange in its report:

Single product structure, serious related party transactions, lack of independent pricing power, excessive dependence of brands and channels on Xiaomi, and doubts about the stability of ownership structure …

The Shanghai Stock Exchange pointed out that "from the business, it is increasingly difficult for eco-chain enterprises and Xiaomi to be independent of each other; From the perspective of capital market rules, eco-chain enterprises may not be listed separately. " If Xiaomi is listed on the A-share market, it will face the problem of related party transactions, and the listing of eco-chain enterprises will face the question of independence.

Serious financial contact interviewed relevant people of Xiaomi Group, and no reply was received as of press time.

01

The backdoor is denied, whose magic acoustics?

The first reason why the CSRC vetoed the backdoor of Wanmo Acoustics is:The company’s disclosure that the actual controller of Wanmo Acoustics has not changed in the past three years is not sufficient.

Translate this sentence as follows:Tell me honestly, who is the boss of Wanmo Acoustics?

In fact, the matter itself is not complicated.

According to the equity change report disclosed by electroacoustic, Wanmo Acoustics was established in October 2013. In December 2016, Xiaomi began to invest in Wanmo Acoustics, mainly producing Xiaomi piston headphones for Xiaomi OEM.

Up to now, Gary Hsieh holds 20.9408% equity of Wanmo Acoustics by adding Hong Kong, HKmore, Wanmo Guanxing, Wanmo Yingren, Wanmo Renju, Wanmo Shuntian and Wanmo Hengqing, and is the actual controller of Wanmo Acoustics on paper.

According to the inquiry announcement, in the historical shareholding change of Wanmo Acoustics, People Better Limited once became the largest shareholder of the company, with a shareholding ratio of 33.32% and a majority of the board seats. The CSRC asked it to supplement whether the actual controller of the company has changed.

In this regard, Wanmo Acoustics replied that the change in shareholding ratio is only the adjustment of the red-chip structure, and the financial investors do not participate in the actual operation, and the actual controller has always been Gary Hsieh. However, supervision is still in doubt.

Why do regulators cling to this issue?

According to the understanding and application of Article 12 of the Measures for the Administration of Initial Public Offering and Listing of Stocks —— Opinions on the Application of Securities and Futures Law No.1 (Zheng Jian Zi [2007] No.15, hereinafter referred to as Opinions on the Application of Securities and Futures Law No.1), the CSRC defines the company’s control right as:

(Source: Official Document of CSRC)

Generally speaking, the identification of the actual controller is based on the principle of "substance is more important than form" and combined with the specific analysis of individual cases.

There are two unavoidable problems:

1) Is the big boss of the company Xiaomi or Gary Hsieh? This is related to the change of ownership structure.

2) Who has the final say in the actual operation of Wanmo? Is it the millet that hatched it, or Gary Hsieh?

According to the description of the absorbed party in the electro-acoustic absorption scheme, People Better Limited was once the largest shareholder of Wanmo Acoustics and held a majority of seats. According to public information,People Better Limited is a subsidiary of Xiaomi Technology Co., Ltd., and the actual controller of Xiaomi Technology is Lei Jun.

(Source: A total of electroacoustic history announcements)

Shunwei, another shareholder of Wanmo Acoustics, Xu Dalai is the actual controller and the former non-executive director of Xiaomi Technology, but as we all know, Lei Jun is the big boss of Shunwei Capital.

(Source: Historical Announcement)

Back to July 31st, 2017, Xiaomi’s People Better Limited and Shunwei TMT(HongKong) Limited invested 16,611,600 yuan and 10,509,300 yuan respectively, holding 33.22% and 21.02% of the shares, with a total holding of 54.24%, and the proper largest shareholder plus the actual controller.

(Source: A total of electroacoustic history announcements)

After several rounds of capital increase and equity transfer,Up to now, the shareholding ratios of People Better Limited and Shunwei TMT(HongKong) Limited are 11.15% and 7.19% respectively, making a total of 18.34%, second only to Gary Hsieh’s 20.9408%.

What is the inner feeling behind the arrangement and change of this ownership structure? Is there a proxy? As a result, Gary Hsieh is only the nominal actual controller? After the evaluation benchmark date announced in the draft merger plan, People Better Limited and Shunwei TMT(HongKong) Limited continued to reduce their shareholding ratio. What is the purpose?

The answers to these questions are the core of the regulatory authorities’ continuous questioning of the actual controller of Wanmo Acoustics.

02

Business dependence and related party transactions rely on Xiaomi to make money?

Regarding the second question that the CSRC is concerned about:The sales and profit sources of Wanmo Acoustics are highly dependent on related parties.This problem is also unavoidable for any party.

Backed by Xiaomi’s powerful channels and traffic, the compound growth rate of Wanmo Acoustics revenue in the past three years is as high as 47%.

However, this performance growth has also caused Wanmo Acoustics to rely on Xiaomi’s performance.

During the reporting period, the sales proportion of the top five customers of Wanmo Acoustics in 2016 -2018 was 86.01%, 83.17% and 83.54% respectively. Among them, Xiaomi Group is a related party and the company’s largest customer, with sales accounting for 59.45%, 64.24% and 60.12% respectively.

You can understand that if there is no Xiaomi, the performance of Wanmo Acoustics will collapse by at least half.

Moreover, such high correlation and dependence also lead to the lack of autonomy in sales channels and product pricing of Wanmo Acoustics:

• Wanmo Acoustics sells Xiaomi ODM products to Xiaomi Communication according to the cost price, but the cost audit is checked by Xiaomi Communication;

• Wanmo Acoustics does not have the independent right to set the retail price of Xiaomi ODM products. The products are sold by Xiaomi according to the fair market price, and the profit is divided into 50%.

It is this dependence and lack of relative autonomy in the main business that determines profits that makes Wanmo’s profitability lower than that of similar companies.

According to the report of Securities Market Weekly, the historical data of Wanmo Acoustics shows that,The gross profit margin of ODM headphones is 23.89% to 27.56%, while that of OBM (private brand) headphones is 33.59% to 38.14%.

In the case that ODM accounts for more than half of the revenue (57.65% in the first half of 2019), most of the surplus value of Wanmo acoustic products is "deprived" by downstream customers, namely Xiaomi.

Business dependence, related party transactions, combined with the CSRC’s questioning of the actual controller of Wanmo Acoustics, it is not difficult for us to understand the real intention of the regulatory authorities to be so cautious.

Behind this is actually a cliche:Why do regulators attach so much importance to related party transactions?

Due to the sales and purchases with related parties, there may be accommodation or even fraud in terms of price, payment method and account period. A large proportion of related party transactions will distort the company’s financial data, which is not conducive to investors’ accurate judgment. At the same time, there are risks such as interest transfer, which is likely to damage the interests of listed companies and thus the interests of investors.

In order to protect the interests of investors, especially small and medium-sized investors, the regulatory authorities are particularly strict in the disclosure management of related party transactions.

However, as an independent enterprise, Wanmo Acoustics is not convincing enough in its sustainable management ability and independence.

03

Capitalization is difficult. Is the label "Xiaomi" an assist or an obstacle?

The problem of magic acoustics is also common in Xiaomi ecological chain enterprises:

1) The adjustment of ownership structure has experienced the changes in equity process from Xiaomi Holdings to Xiaomi’s shareholding;

2) In terms of business structure, Xiaomi is both a related party and the largest customer.

According to the report of Shanghai Stock Exchange, Huami Technology also has the same subtle equity arrangement as Wanmo Acoustics. According to its prospectus, the company’s largest single shareholder is Huami CEO Huang Wang, holding 39.4% of the shares; Shunwei Capital holds 20.4%, and Xiaomi’s fund People Better limited holds 19.3%. Shunwei Capital and Xiaomi are controlled by Lei Jun.. Therefore, although Huang Wang is the largest natural person shareholder, Lei Jun’s consolidated shareholding ratio is 39.7%, which has surpassed Huang Wang.

In addition, judging from the disclosed prospectus, the performance of Huami also reflects that Xiaomi is highly dependent on the eco-chain company: in the first three quarters of 2015, 2016 and 2017, the revenue contributed by mi band to Huami Technology was 870 million yuan, 1.434 billion yuan and 1.068 billion yuan respectively, accounting for 97.1%, 92.1% and 82.4% of Huami Technology’s revenue in the same period.

Coincidentally, Roborock, another typical enterprise of Xiaomi Eco-chain, also experienced repeated inquiries and verification by the regulatory authorities before listing in science and technology innovation board.

According to the prospectus, Roborock’s gross profit margin in recent three years was 19.21%, 21.64% and 28.79% respectively, while Cobos’s gross profit margin remained at around 36%. In terms of splitting, the gross profit margin of its own brand products is 42.06% higher than that of Cobos, but the gross profit margin of "Mijia Robot" produced for Xiaomi is 14.99%, which lowers the average gross profit of the company.

In addition, there are ten business risks related to Xiaomi’s cooperation mode in the prospectus, involving a large number of related transactions, ODM business dependence, foundry selection and so on.

It can be seen that the two fatal problems of the rejection of Wanmo Acoustics also exist in Roborock and Huami Science and Technology.

Looking back on the development of Xiaomi’s ecological chain, Xiaomi and the ecological chain company have achieved mutual success.

Starting from Xiaomi itself, the products of these eco-chain enterprises support the high efficiency of Xiaomi’s offline channels and greatly share the operating costs of offline stores; As for the "world’s largest intelligent hardware IOT platform" planned by Lei Jun for Xiaomi, the mobile phone is only one of the terminals, and the "data" and "control" of products of a number of eco-chain enterprises are also the core of the platform.

To this end, Xiaomi’s approach is:Investing in eco-chain companies, splitting the product departments that should exist into eco-chain companies, and finally making Xiaomi’s shareholding equal to that of the founders of eco-chain companies through ingenious equity design, thus achieving the status quo of controlling these eco-chain companies and seemingly "independent".

According to this capital path, "eco-chain enterprises" will be listed independently, and Xiaomi will convert the business income of its multi-product lines into investment income. At the same time, there will be a number of listed companies in the whole system of Xiaomi, which will open up new space for the capital operation of Xiaomi.

This is the capital imagination of Xiaomi and its ecological chain.

But in the process of capitalization, the disadvantages of ecological chain are gradually emerging:

• Eco-chain enterprises are more like the OEM departments of Xiaomi’s product lines. They have no independent pricing power and product autonomy. Their own brand channels and capital are weaker than the OEM model, and their independent operation is doubtful.
• In terms of shareholding structure, although the relevant founder is the largest shareholder. However, tracing back to the actual control right behind the complex ownership structure, there are Lei Jun or Xiaomi, and problems such as A-shares and related party transactions cannot be avoided.

From this perspective, the independent development of eco-chain enterprises may be a good wish from the beginning.

THE END

This article is written bySerious finance and economicsOriginal production, please do not reprint without permission.

Wen | Fu Jie♀

Recently, GAC Ai ‘an released the brand-new car AION RT, announcing that it will be pre-sold globally on September 26th. The new car is a compact pure electric car. It is bold and innovative in appearance, adopts a brand-new design concept, and is equipped with laser radar and advanced high-order intelligent driving system. The cruising range of a single charge can reach 650 kilometers, which is expected.

It is reported that Ai ‘an is fully armed at the cost of AION RT. The official claims that with the unprecedented high value of A+ level, it has surpassed the soft bag space of B level, the high-level intelligent driving of laser radar that A+ level has never been equipped with, and the unprecedented long battery life and silicon carbide overcharge of A+ level, which has achieved the unprecedented leapfrog experience of A+ level.

From the appearance, AION RT’s front face is unique in design, with a closed grille with polygonal headlights and built-in LED daytime running lights, which is fashionable and dynamic. The trapezoidal cooling vents under the front bumper and the special-shaped vents on both sides not only improve the heat dissipation performance of the vehicle, but also add a sporty atmosphere.

On the side of the car body, the new car adopts the classic sedan shape, and the front of the car gyrates to the double waistline at the rear of the car, giving people a magnificent feeling. In addition, the new car is equipped with double three-spoke wheels, hidden door handles and roof lidar, which is both beautiful and practical. In terms of body size, the new car has a length of 4865mm, a width of 1875mm, a height of 1520mm and a wheelbase of 2775 mm. Combined with the body data released by the Ministry of Industry and Information Technology, its size has surpassed the level of a B-class car.

In the rear part, AION RT adopts a long and narrow taillight design, and the license plate frame area in the middle of the trunk is cleverly designed and has a strong three-dimensional effect. The double-layer design on both sides of the rear bumper and the reflective strip decoration complement each other, making the overall shape more stable and atmospheric.

In terms of battery life, the official said that the new car’s pure electric cruising range can reach 650 kilometers, and it is equipped with 400V silicon carbide technology and magazine battery technology. It takes only 18 minutes to charge from 30% to 80% in fast charging mode. According to the information previously released by the Ministry of Industry and Information Technology, AION RT provides two kinds of motors with different powers for consumers to choose from, namely 150 kW and 165 kW.

The A+ class family car market is in full swing, and major car companies have tried their best to grab a piece of the cake. The recently released MONA M03 in Tucki is one of the representatives. Now, with the emergence of AION RT, MONA M03 will usher in a strong opponent, and we will wait and see how the final market performance will be.

Today, I went to the local Wuling 4S store (Jinan City, Shandong Province), focusing on the market research of Hongguang MINIEV, especially the third-generation macaroon, which has not been listed for a long time in the early stage. As the old macaroon is still on sale, will there be any internal competition between the new and old models? Please read down.

Compared with the old model, the size of the third-generation macaroon has changed. The measurements are 3064/1493/1629mm, and the wheelbase is extended to 2010mm, which is 70mm； longer than that of the previous generation macaroon. The white roof, front and rear white through panels, and the color scheme of avocado green look a little small and fresh, and the changes of the front and rear light groups are more obvious. The oval outline is better than the previous generation, but it always feels a little lost to cancel the LED daytime running lights on the front of the car.

The interior uses an 8-inch touch screen and a 7-inch full LCD instrument panel, which improves the sense of technology obviously, and the air conditioning control area is located under the touch screen, making the operation more convenient; The mobile APP supports more remote control functions such as door unlocking, charging management, car light condition inquiry, car search and so on, and provides multi-function buttons on the right side of the steering wheel.

In the case of long wheelbase, the interior space of the third-generation macaroon has indeed improved, especially the longitudinal space experience. The second row of legs is no longer as cramped as the previous generation. The co-pilot can adjust the backrest forward with one button, but it still feels awkward to get in and out of the second row, and the door is still relatively large. When opening the door, pay attention to the pedestrians or vehicles outside.

The third generation macaroon provides reversing radar, reversing image, uphill assist and main and auxiliary airbags. CLTC pure battery life is available in two versions: 170km and 215km. Among them, the 2024 macaroon 215km supports 0.58-hour fast charging, with a motor power of 30 kW and a total torque of 92 Nm, while the 2024 macaroon 170km does not support fast charging. The motor power is reduced to 20 kW and the total torque is reduced to 85 Nm.

Recently, macaroon, the third generation of Hongguang MINIEV in the store, came to the car one after another, with various colors, including milk apricot coffee and avocado green, and the exhibition car was the avocado green version. In the face of sales, the third-generation macaroon is mainly promoted to prospective customers. To see car customers is basically to measure whether it is worth buying around face value and space.

However, the 2022 macaroon is still on sale, and the preferential strength has reached 13,000 yuan. For example, the guide price of the 2022 macaroon color painting model promoted by the store is 52,800 yuan, and now the bare car price is 39,800 yuan, and the NEDC pure battery life is 170km；; The guide price of 2024 macaroon 170km is 41,800 yuan, and after detailed discussion, a discount of 2,000 yuan is also given, and the price of bare car is also 39,800 yuan.

Because the old and new models are together, customers will unconsciously compare the differences between them, but basically the face value plays a decisive role; A small number of customers will compare Changan Lumin, focusing on appearance and interior.

Customers look at the 2024 macaroon 170km, which is 5,000 yuan cheaper than the 215km version. The difference is only in terms of cruising range and motor power. The full landing price is estimated at 44,200 yuan, and the full landing price of the 215km version is estimated at 49,300 yuan. Customers will feel that the 5000 yuan spent less is enough to support the electricity bill for a long time to come.

Wuling Hongguang MINIEV now mainly promotes the third-generation macaroon and the previous-generation macaroon, and other versions don’t even have exhibition cars, indicating that the recent focus of car companies is the macaroon series. Personally, the price of this kind of car is more suitable, and the difference between them is very small. Those who like the face value can refer to this price to talk about it, and it is also good to win more gifts.

　　Zhongxin Jingwei client September 6 th After losing at 3000 points on the previous trading day, the Shanghai and Shenzhen stock markets both opened higher today (6 th), and the Shanghai Composite Index consolidated below 3000 points. In the afternoon, the three major indexes turned green one after another, and the GEM index fell by nearly 1%. Near the end of the session, boosted by the rise of brokerage stocks, the Shanghai Composite Index turned red again, only 0.4 points away from 3000 points.

　　All-day trend of Shanghai Composite Index Source: Wind

　　At the close, the Shanghai Composite Index reported 2999.60 points, up 0.46%, with a turnover of 258.3 billion yuan and a daily line of 5 consecutive days; The Shenzhen Component Index reported 9823.42 points, up 0.41%, with a turnover of 375.7 billion yuan; Growth Enterprise Market reported 1692.24 points, up 0.19%, with a turnover of 129 billion yuan.

　　This week, the Shanghai Composite Index rose by 3.93%, the Shenzhen Component Index rose by 4.89%, and the weekly line was four consecutive years.

　　On the disk, the agricultural sector led the decline, pork stocks fell across the board, and the young eagle that entered the delisting period retreated to the limit. Mu Yuan shares fell nearly 8%, and Tianbang shares, New Hope, Zhengbang Technology, Lihua shares and Wenshi shares were among the top losers; Seed stocks Fengle Seed Industry, Dunhuang Seed Industry, Wanxiang Denong Seed Industry and Denghai Seed Industry collectively floated green.

　　Most non-ferrous stocks fell, with Sheng Da Mining dropping by more than 7%, while Yintai Resources, Western Gold, Jingui Banking, Yuguang Gold and Lead, and Baiyin Nonferrous all fell to varying degrees. Gas supply and heating, oil, steel, real estate, electricity, wine-making and other sectors have gone green.

　　Auto stocks were active, with Qingdao Double Star, Yaxing Bus, Derived Technology, jiangling motors, Longji Machinery and other stocks trading daily. In the news, Gao Feng, a spokesman for the Ministry of Commerce, said at a regular press conference held on the 5th that the Ministry of Commerce is currently conducting in-depth research and soliciting opinions from enterprises in the automobile industry, and will work with relevant departments to study and timely introduce targeted policies and measures to support the high-quality development of the automobile industry.

　　Environmental protection stocks rose, Luen Thai Environmental Protection had a daily limit, Tokugawa Environmental Protection and Green Power rose by more than 7%, and China Tianying, Zhongzhi Shares and Longma Environmental Sanitation rose by more than 4%. The 5G concept stocks continued to strengthen, and many stocks such as Farsheng, Tianhe Defense, Chaoxun Communication, Jialinjie, Rongda Photosensitive, etc. were daily limit. ZTE once closed the board, and Weishitong, Hainengda and Hengtong Optoelectronics followed suit.

　　Performance of 5G concept stocks

　　In terms of individual stocks, N Broadcom landed in science and technology innovation board today, and rose by 217.33% to offer 180.35 yuan. So far, science and technology innovation board stock data has reached 29. ST Furen, the former white horse stock, fell for the fourth consecutive trading day after being "capped", and the closing price was 6.30 yuan.

　　Guangzhou Bandung analysis believes that the current long-term market rise has momentum, but there are signs of adjustment in the short term. Therefore, investors must make timely changes in the next operation strategy, and don’t chase too high in the short term, especially the stocks with huge gains in the previous period, focusing on the risk of killing back; In the medium and long term, driven by multiple factors such as policies, funds and trends, the large-band and long-term rising market of technology stocks will continue to show, and the strategic opportunities of core industrial chains such as 5G and chips are still worthy of attention.

　　Jufeng Investment Gu said that after mid-August, the market ended its adjustment under the stimulus of favorable policies and regained its upward trend. On Monday, the Shanghai Composite Index broke through the 2900-point integer mark and the 60-day moving average, and the market went well in an all-round way. After the close of trading on Wednesday, the regular meeting of the National People’s Congress reported positive results, and it was planned to reduce the RRR generally. As a result, the big financial sector was launched across the board on Thursday, and the Shanghai Composite Index once recovered 3000 points. On Friday, the market oscillated and sorted out, digesting profit chips. Overall, the market has returned to a strong region. It is expected that after a continuous unilateral rise of half a month, the Shanghai Composite Index will be consolidated around 3000 points. It is suggested to pay attention to the opportunities of plate rotation driven by excellent stocks and favorable policies, and not to easily chase high-tech stocks with excessive gains.

　　In addition, for financial stocks and consumer stocks that are more active recently, Founder Securities said that the financial sector ranked first among the four sectors in the second quarter, and has had a comparative advantage in performance for four consecutive quarters; In addition, the growth rate of the consumer sector in the second quarter ranked third, and it has lost its comparative advantage in performance for at least two consecutive quarters. According to the influence of comparative advantage of performance on positions, the financial sector deserves attention, and at the same time, it is necessary to be alert to the collapse of the consumer sector in the case of high positions and unsatisfactory performance. (Zhongxin Jingwei APP)

　　(The opinions in this article are for reference only, and do not constitute investment advice. Investment is risky, so you should be cautious when entering the market. )

Text | Liu Kuang

"Nongfu Spring is a little sweet." This advertising slogan left a deep impression on the public and made Nongfu Spring a household name in the water drink brand. Tracing the history of the brand, Nongfu Spring opened up the water drink market with its own differentiated marketing strategy, competing with long-established water drink brands such as Wahaha and Master Kong, and even maintained the first market share of packaged drinking water in China for eight consecutive years from 2012 to 2019.

With the upgrading of consumption and the improvement of economic level, the consumption field is constantly changing, and the water drinking track is constantly subdivided. As an old player in the industry, Nongfu Spring is not easy. But the recently released semi-annual report seems to let us see the huge potential of Nongfu Spring.

revenue and net profit double growth

On August 25, Nongfu Spring released its 2021 semi-annual report. According to the financial report data, Nongfu Spring’s revenue in the first half of the year was 15.17 billion yuan, an increase of 31.4% year-on-year; net profit was 4.013 billion yuan, an increase of 40.1% year-on-year. It can be seen through the financial report data that Nongfu Spring’s revenue and net profit achieved double growth in the first half of this year.

From the product point of view, Nongfu Spring multiple product lines to help revenue. According to the financial report, Nongfu Spring packaged drinking water revenue 8.119 billion yuan, an increase of 25.6% year-on-year, accounting for 58.8%; tea beverage revenue 2.182 billion yuan, an increase of 36.4%, accounting for 14.4%; functional beverage revenue 2.004 billion yuan, an increase of 38.4%, accounting for 13.2%; fruit juice beverage revenue 1.224 billion yuan, an increase of 29.9%, accounting for 8.1%; other categories (including coffee drinks, soda water, plant yogurt, gas-flavored drinks) total revenue 846 million yuan, an increase of 86.8%, accounting for 5.5%.

From the gross profit margin, Nongfu Spring gross profit margin continued to grow. According to the financial report, Nongfu Spring gross profit in the first half of the year was 9.241 billion yuan, an increase of 33.7% over the same period last year, and gross profit margin also increased by 1% to 60.9%. Master Kong and Unified are the top players in the water market, and gross profit margin only fluctuated around 30%. Nongfu Spring’s high gross profit margin promoted double income in the first half of the year.

From the cost of sales, Nongfu Spring relaxed cost control. According to the financial report, the cost of sales of Nongfu Spring in the first half of the year was 5.934 billion yuan, an increase of 28% year-on-year. Among them, sales and distribution expenses were 3.554 billion yuan, an increase of 31.92% year-on-year, accounting for 23.4% of revenue; other expenses were 55.757 million yuan, an increase of 1186.5% year-on-year, accounting for 0.4% of revenue.

In the first half of the year, Nongfu Spring’s product sales volume, gross profit margin, and sales cost all increased. It is not difficult to see that Nongfu Spring has increased its investment in sales costs to enhance profitability, and has taken improving product sales volume and gross profit margin as a breakthrough point, thus boosting both revenue and net profit growth.

Track exploration of double growth

For enterprises, whether it is revenue growth or net profit growth, there are traces to follow, and Nongfu Spring’s double growth is no exception. Nongfu Spring showed in its financial report that this is due to the increase in the company’s product sales, changes in product structure, and effective control of PET costs.

First of all, the consumption environment has improved, and the sales of Nongfu Spring have begun to recover. According to the financial report, due to the stable epidemic prevention and control in the first half of the year, the national economy has gradually recovered, the overall market sales have improved, and the beverage industry has been further developed. According to the preliminary accounting data of the National Bureau of Statistics, the retail sales of beverage consumer goods in the first half of the year were 135.40 billion yuan, an increase of 29.2% year-on-year. With the improvement of the market environment, the sales of various categories of Nongfu Spring have also gradually recovered.

Secondly, Nongfu Spring continues to launch new products to enrich product types. In terms of packaged water, it has launched high-margin new products such as "Changbai Snow" and "Wuyi Mountain Tea Water". In other sub-segments of water and beverage business, Oriental Leaf has launched two new flavors: "Green Orange Pu’er" and "Xuan Rice Tea"; Screaming has launched a new "isotonic" series; soda water has launched four types of sparkling water: Dawn White Peach, Mojito, Hyuga Summer Orange and Chunjian Oil Orange. The launch of various series of new products can better seize the water and beverage market.

Finally, Nongfu Spring’s PET costs in the first half of 2021 are lower. PET, or polyester resin, is obtained through petroleum cracking and is the main raw material for the production of product bottles. In 2020, the international crude oil price fell, and the price of PET fell together. Its prospectus said: "We have seized the opportunity to purchase PET to reduce the cost of raw materials." Nongfu Spring has stored enough PET to reduce the cost of raw materials. As the cost of PET has fallen, Nongfu Spring’s gross margin has also increased.

The double growth results achieved by Nongfu Spring in the first half of the year were not only affected by the improvement of the domestic consumer industry, but also benefited from its own forward-looking. The dual reasons together helped Nongfu Spring achieve revenue and net profit growth.

There are still concerns after double growth

The water drinking track has entered the most lively time, new and old players are struggling to seize the market, and getting consumer recognition has become the core of the current competition. Nongfu Spring has achieved double growth in the first half of the year, can it maintain its record in the second half, keep up with the pace of the team, and not be kicked out?

First, a peach triggered a marketing crisis for Nongfu Spring. "The flavor of white peaches at dawn, white peaches at dawn are produced in Fukushima Prefecture, Japan." Anyone who reads the sentence will think that the raw materials are from Fukushima, Japan, but Nongfu Spring’s public relations department has a "new explanation". The official response is difficult for the public to be angry, but it has instead put the brand in the awkward situation of "real Fukushima or fake marketing".

Although the marketing overturn was not reflected in the financial report released this time, it was reflected in the capital markets. In the three trading days after the public response of Nongfu Spring, the share price of Nongfu Spring fell one after another, falling by 1.58%, 2.72% and 0.89% respectively, and the share price fell below 39 Hong Kong dollars per share.

Secondly, the offline channel encountered challenges. Yuan Qi Sen Lin captured a group of consumers with his sparkling water, and also adopted the traditional "freezer war" in the lower-tier market, which caused the freezers placed by Nongfu Spring, Master Kong and other brands to be returned by merchants. In order to snipe Yuan Qi Sen Lin’s freezer placement plan, Nongfu Spring launched the "God of Wealth" activity nationwide in an attempt to stabilize offline sales.

Finally, new products appear frequently, but there are no explosions. In recent years, Nongfu Spring has continuously expanded its layout in the water drinking track, and each sub-track has launched products. Although the category update speed is fast, it lacks bright spots. Since the launch of Tea Pi in 2016, there has been no popular drink, making it difficult to seize the market.

Even if Nongfu Spring has achieved the current double growth, it is not safe to rest easy. Nongfu Spring is encountering a marketing crisis while being robbed of sales channels by new players. At the same time, it is also facing the problem of having new products without explosions. Industry giants are also slightly tired when encountering menacing opponents, and the situation is not optimistic.

There are constantly new categories flooding into the water drinking track, and the competition is extremely fierce. Judging from the past situation, no brand can sit at the top. Blindly re-engraving the trend period of dividend products without seeking innovation, not only can not bring new experiences to consumers, but also make consumers taste fatigue, and in the long run the brand will lack competitiveness.

Nongfu Spring has built a moat of natural concepts, has a broad consumer market, and has laid mature sales channels. It has obvious advantages and strong ability to face risks. In the face of the impact of new brands, it is better to use static braking and continue to develop new products on the basis of solid foundation. Catering to the current new consumption trend, challenging consumers’ taste buds, and starting to build its own products into "Everred Products" to achieve the next double growth.