[Aika Auto Overseas New Car Original]

　　On October 12th, Kia held the annual Kia EV Day, and launched three new small and medium-sized electric vehicles. Among them, the interior of Kia EV5 was officially exposed. This car had previously announced the pre-sale price of 159,800-229,800 yuan at the 2023 Chengdu Auto Show, and will be officially listed at the 2023 Guangzhou Auto Show.

　　Kia EV5

　　EV5 is the third pure electric vehicle of KIA KIA EV series after EV6 and EV9, and it will also be the first EV series produced in China. Kia EV5 adopts the brand’s unique "Opposites United" design concept, adopts a brand-new digital front face with a roaring tiger and a hidden star map lamp.

　　The side lines of KIA EV5 car body are more tough, with thick black decorative panels at the wheel eyebrows and side skirts, suspended roof, blackened rearview mirror and luggage rack, which further enhances the overall fashion sense. In terms of body size, the length, width and height of the new car are 4,615 * 1,875 * 1,715mm, and the wheelbase is 2750mm, with a five-seat layout.

　　The interior shape of EV5 is similar to that of EV9, and the overall layout is simple and bright. The center console adopts double 12.3-inch screens, while retaining certain physical buttons. EV5 is equipped with Kia’s latest generation ccNC in-vehicle infotainment system, and supports OTA upgrade of the whole vehicle. In addition, a lot of environmentally friendly materials are used in the car of KIA EV5, and most of the environmentally friendly materials will be used in the subsequent KIA EV series models, which will be made into seat covering materials, interior decoration parts, covering parts, carpets and so on.

　　The EV5 is equipped with the second-generation highway driver assistance system (HDA2), which can help drivers realize the functions of keeping the distance between vehicles, driving in the middle of the lane, changing lanes and adjusting the lateral position. In addition, the new car is equipped with the second generation Remote Intelligent Parking Assist (RSPA 2) system, which can automatically drive the vehicle into the designated parking space by controlling the throttle, brake and gear shift.

　　In the China market, EV5 will offer three versions: standard endurance version, long endurance version and long endurance four-wheel drive version. The standard cruising model is equipped with a 64kWh battery pack and a 160kW motor, and its CLTC standard cruising range is 530km. The long-endurance vehicle is equipped with 88kWh battery and the same 160kW motor, and the target cruising range is 700km. The long-life four-wheel drive version will be equipped with an 88kWh battery pack, with a comprehensive output of 230kW, a front-wheel motor of 160kW and a rear-wheel motor of 70kW.

　　Kia EV3 concept car

　　The EV3 concept car represents Kia’s vision for the development of a compact pure electric SUV. This car provides users with the technology, practical functions and design of Kia’s flagship SUV EV9 with a compact and convenient structure. Although it is a concept car, the overall shape is very mature.

　　From the appearance, the EV3 concept car follows the design style of Kia pure electric vehicle. The whole car is composed of a large number of straight lines, and the iconic "Tiger Roar" front face is not absent. On the side of the car body, the long roof line inclines downward, forming the unique outline of the cockpit. The solid structure of the square wheel arch adopts unconventional design and is cut at an asymmetric angle, which is impressive.

　　The car uses a lot of fabric texture materials, which seems to be expected to focus on home style. The car is not equipped with multi-function buttons, and the dual-spoke steering wheel is equipped with a large-size screen and a floating seat, which is more futuristic. In addition, EV3 is claimed to be the first model equipped with generative AI in Kia, and functions such as schedule management, route optimization, travel planning, entertainment and even emergency rescue can be completed by voice assistant with built-in generative AI.

　　Kia EV4 concept car

　　Compared with EV3 and EV4, the shape of EV4 is more sci-fi. Kia positioned this car as a pure electric coupe, and adopted a more concise and fierce design. A large number of broken lines are used in the front face, and the vertically arranged LED headlamps on both sides are matched with the raised ribs on the engine room cover to create a downward dive posture. In addition, the car also has a two-color wheel eyebrow, a lower enclosure design and a suspended roof.

　　As for the interior, EV4 has also studied the family design style, such as hidden air outlet, double spoke steering wheel and double screen. The car has a five-seat layout, and the back seat is a minimalist home style. The overall interior design and appearance form a sharp contrast. In addition, the EV4 also has an SUV-level ground clearance, which the official said can maximize the use of space.

　　Editor’s summary: Although Kia pure electric vehicles are not highly exposed in the domestic market, they have a very bright performance overseas. On this "Kia EV Day", in addition to the three cars released, the official also revealed that there will be plans for EV2 models in the future. Kia has also set a plan to achieve an annual sales volume of 1 million electric vehicles in 2026 and 1.6 million by 2030, which is enough to show Kia’s determination to make efforts in the era of pure electric vehicles.

Wonderful content review:

Kia EV6 is officially listed at a price of 282,800-419,800 yuan.

15.98-22.98 million Yuan Kia EV5 officially opened for pre-sale.

Cool machine armor wind Kia brand-new EV5 appeared in Chengdu Exhibition Hall.

　　　　　China Court Network News　　It is said that the film "Daughter Country on a Journey to the West" used his own music works "Yungong Xunyin" and "Daughter Love" in the soundtrack without permission. Mr. Xu sued Beijing Maitian Yinghua Culture Media Co., Ltd. and Shenzhen Tencent Computer System Co., Ltd. on the grounds of infringement of the right of authorship and the right of online dissemination of work information, requesting an order to stop the infringement, delete the infringing film "Daughter Country on a Journey to the West", apologize and compensate the economy. A few days ago, the Haidian District People’s Court of Beijing accepted the case.

　　The plaintiff, Mr. Xu, claimed that he was the composer of The Journey to the West’s 86th TV series "Yungong Xunyin" and "Daughter’s Love". The Journey to the West’s broadcast for 30 years has had a wide influence at home and abroad. Yungong Xunyin and Daughter’s Love have also been widely sung, and have become The Journey to the West’s iconic music works. The films Sun Wukong’s Seven Fighting Nine-tailed Foxes and The Daughter of a Journey to the West are produced by Wheat Field Pictures Company and Tencent. Starting from August and October of 2015, the second company used Yungong Xunyin (prelude to Journey to the West) and Daughter’s Love in the promo of Monkey King and the soundtrack of Daughter’s Country on a Journey to the West without authorization, and charged on demand through Tencent Video and other networks, with a click-through rate of nearly 300 million.

　　The plaintiff, Mr. Xu, believes that Sun Wukong’s Seven Strings of Nine-tailed Foxes has been offline, and The Daughter of a Journey to the West is still online. The use of Mr. Xu’s works by Wheat Field Painting Company and Tencent in the films involved without Mr. Xu’s permission and without Mr. Xu’s signature has infringed Mr. Xu’s copyright according to law, including the right of signature and the right of information network dissemination.

　　At present, the case is under further investigation.

Following the hot sale of Huawei Pura 70 Ultra and Huawei Pura 70 Pro last week, Huawei Pura 70 and Huawei Pura 70 Pro+ were officially launched at 10:08 on April 22nd. ?

For Huawei’s mobile phones, the sales fever of "selling out immediately after listing" continues. At 10: 08 on April 22, Huawei Pura 70 and Pura 70 Pro+ opened their first sales and sold out quickly. According to official website, the starting price of Huawei Pura 70 is 5499 yuan, and the starting price of Pura 70 Pro+ is 7999 yuan.

In addition to the high popularity of mobile phones, Huawei has also made a strong attack in the automotive field.

On April 24th, Huawei will hold two conferences: Huawei Smart Car Solutions will hold the "2024 Huawei Smart Car Solutions Conference" and Huawei Digital New Energy will hold the "2024 Huawei Smart Electric & Smart Charging Network Strategy and New Product Launch Conference".

"Assault sales" reappears, and Pura 70 is hot.

On April 18th, Huawei launched the "HUAWEI Pura 70 Series Pioneer Program", and Pura 70 Ultra and Pura 70 Pro went on sale at 10:08 on the same day.

It is understood that there are four models of Huawei Pura 70 series. In addition to the Pro and Ultra versions that were launched on April 18, the remaining Pura 70 and Pura 70 Pro+ were also sold separately at 10: 08 am on April 22. From the price point of view, the Pura70 model with the lowest price in Huawei Pura 70 series starts at 5499 yuan, and the starting price of Huawei Pura 70 Pro+ is 7999 yuan.

It is understood that both Huawei Pura 70 Ultra and Pro series adopt super-focusing macro telephoto. Pura 70 Ultra is the only model equipped with super-focusing telescopic main camera, which is also a major innovation of Huawei in the field of mobile imaging. It is also equipped with the industry’s first rotating telescopic lens structure. Compared with conventional lenses, this design can take into account the thickness of the lens and the fuselage, and at the same time, plug in high-standard camera lenses to enhance the image ability of mobile phones.

At present, Pura 70 series continues the sales popularity of Mate 60 series, and the scene of "sold out in one second" has appeared many times, and the overall sales of Huawei mobile phones are also recovering strongly. Counterpoint data shows that smartphone sales in China bottomed out in the fourth quarter of 2023, increasing by 6.6% year-on-year, of which Apple’s mobile phone sales decreased by 9% year-on-year, and Huawei’s sales increased by 71.1% year-on-year.

At the same time, Huawei has also "recovered lost ground" in the high-end mobile phone market. Counterpoint report shows that in the global high-end smartphone market of 600 dollars or more (about 4,333 yuan) in 2023, Huawei reached 5% of the high-end market share, up from 3% in the same period in 2022.

Wang Peng said that Huawei’s R&D strength is its core strength, especially in communication technology (such as 5G), camera technology and artificial intelligence technology. Innovations in these fields make Huawei mobile phones ahead of their peers in performance, photography and intelligent experience.

Liang Zhenpeng, an observer of the consumer electronics industry, said in an interview: "Huawei’s current advantage in regaining global high-end market share lies in its technological innovation, R&D strength and in-depth understanding of the domestic market. However, the main difficulty lies in the acceptance of the global market and the response of competitors. Although Huawei Pura70 series has evolved in AI capabilities and HarmonyOS OS, it is not enough to completely reverse Huawei’s disadvantage in the global high-end market share. "

Zhijie "grabs the bill" Xiaomi SU7, which can deduct 5,000 yuan.

On April 11th, HarmonyOS Ecological Spring Communication Meeting was held, and Huawei and Chery officially announced that Zhijie S7 had achieved mass delivery, which could "deliver one car in one minute". Based on the strong manufacturing capacity, the intellectual community has also set its sights on Xiaomi SU7, whose production capacity is in short supply.

Recently, there is market news that Huawei’s Zhijie S7 is "grabbing" customers of Xiaomi SU7, buying Zhijie S7 and paying the final payment, which can deduct the 5000 yuan deposit of Xiaomi SU7 lock order from the car price.

It is understood that at present, there are three modes of cooperation between Huawei and car companies, namely, spare parts supply mode (providing standardized products such as laser radar and car networking module for car companies and electric control of motors), HI mode (namely HuaweiInside, car companies adopt Huawei’s full-stack solution, including hardware and software) and HarmonyOS Zhixing mode (Huawei is deeply involved in product design, marketing and terminal sales).

Zhijie S7 is the model of Huawei’s HarmonyOS Zhixing cooperation. In 2023, HarmonyOS Zhixing opened to 78 cities nationwide to join the user center, which provided a series of services including sales, delivery and after-sales. According to Ping An Securities Research Report, HarmonyOS Zhixing Store will operate independently, and it is planned to build 800 stores by 2024.

The reporter came to a Wuhan HarmonyOS Zhixing Super Experience Center for consultation. The relevant staff told the reporter that the policy of deducting the deposit of 5,000 yuan from Xiaomi by purchasing Zhijie S7 does exist. At present, it is only for Zhijie S7, and other HarmonyOS Zhixing models do not enjoy this discount. To enjoy the relevant discount, you need to show the lock voucher of Xiaomi SU7, and the activity will last until the end of May. Compared with Xiaomi SU7, the delivery speed of Zhijie S7 is relatively fast. The above-mentioned staff told the reporter that the current delivery cycle of Zhijie S7 is 2 weeks to 4 weeks. Now you can pick up the car in May, and some configurations need 4 to 6 weeks to pick up the car.

According to the Pacific Securities Research Report, Zhijie S7 is the first car in Huawei’s smart car selection business, which will further fill the layout of Huawei’s cars. With the large-scale delivery and further cooperation between Huawei and the OEM, Huawei’s auto business is expected to continue to achieve profitability after turning losses, and Huawei Smart Drive is expected to shape a new round of industry prosperity.

Behind the "battle for orders" between Zhijie S7 and Xiaomi SU7, the sales of Xiaomi SU7 far exceeded expectations, and the production capacity was "in short supply". At the beginning of April, a car buyer with a lock list of Xiaomi SU7 told reporters that the estimated delivery time of the Xiaomi SU7Max version of the lock list is 26-29 weeks later, and it will take almost the end of the year to pick up the car.

In response to this "battle", Lei Jun, founder and chairman of Xiaomi Group, also responded. On April 22nd, Lei Jun said at the Weibo: "At present, the production capacity and delivery speed of Xiaomi SU7 are increasing rapidly, and the standard version and Max have been delivered in advance. Many prospective car owners found in Xiaomi Auto APP that the delivery time is expected to be advanced. At Beijing Auto Show, I will introduce our production capacity and delivery plan in detail. If you are really anxious to buy a car, domestic new energy vehicles are good, for example, Zhijie S7, Weilai ET5, Tucki P7 series, etc., you can also consider buying. "

The official of Zhijie responded by saying: "Thank you, Mr. Lei, for recommending Zhijie S7! Super-large space, Huawei intelligent driving and HarmonyOS cockpit have now started scale delivery, and consumers are welcome to experience in the store! "

Huawei takes the lead! The overcharge alliance is about to start.

On April 24th, Huawei will hold two conferences: Huawei Smart Car Solutions will hold the "2024 Huawei Smart Car Solutions Conference" and Huawei Digital New Energy will hold the "2024 Huawei Smart Electric & Smart Charging Network Strategy and New Product Launch Conference".

Among them, official website, Huawei’s smart car solution, was officially launched yesterday. According to the agenda of the meeting, "2024 Huawei Smart Car Solution Conference" includes new product launch conference, smart car lighting, smart car control, computing platform, smart driving, smart cockpit and smart Che Yun theme forum.

Weibo, the official of Huawei’s smart car solutions, said that at the press conference, Huawei will launch a new brand, and invited many car companies, such as Extreme Fox, Changan Automobile, Aouita, Deep Blue Automobile, Blueprint Automobile, Warrior Technology and Guangzhou Automobile Chuanqi.

At the "2024 Huawei Intelligent Electric & Intelligent Charging Network Strategy and New Product Launch Conference", a new intelligent fusion solution in power domain will be launched for pure electric and extended range hybrid platforms, and a full range of ultra-fast charging solutions will be released.

It is worth noting that according to the agenda of the meeting, the meeting will also include the release ceremony of the "Overcharged Alliance".

Editor: Ye Shujun

Proofreading: William Wang

The 2024 Securities Times "Looking for Venture Capital’ Golden Eagle’ and Discovering Enterprise’ New Seedling’" plan was grandly opened, lighting up the dream of the times and blooming the light of the times.

Click on the poster to register, quick stamp ↓↓↓↓

　　The upside-down small level of the cosmic level in a two-person trip requires two players to cooperate with each other to pass through.

　　The specific graphic strategy is as follows:

　　1. Two people line up and down the checkpoint as shown in the figure, and two people go forward along the path first.

　　2. When you come to the office, be careful not to touch the laser. Just press jump when you get to the laser line.

　　This looks complicated, just follow the path.

　　4. Come to the place in the picture, Cody line to the position pointed by the first arrow, jump down hard and press it down.

　　5. After pressing it, a staircase is formed from Mei’s point of view, and Mei goes to the second place.

　　6. Then Mei jumps the second one down and presses it up. Be careful that Cody should stand on the second one at this time, or he won’t jump up for a while. Cody jumps from the second to the third, and then presses the third down. May can pass through the middle arrow, and Cody can get smaller and go to the right.

　　7. Pass successfully, and then reach the seesaw pointed by the arrow

　　8. When the two stood on both sides, Cody jumped hard and May was bounced up to the top.

　　9. Then go through the seesaw, follow the path and slide here, and go straight ahead according to the direction of the slide.

　　10. When the end of the slideway comes to the big arc, Cody first gets bigger, turns the disc, shrinks the spring as much as possible to make it have an elastic force, and then suddenly releases it, so that Mei will be bounced off. Be careful not to shrink it too much, otherwise Mei will be bounced directly into the laser and shrunk to the position shown in the figure.

　　11. After Mei bounces down, she can reach the right by adjusting her direction. Both of them have arrived and started to push the board in front.

　　12. When she comes to the mug, Mei can jump up and break the quilt.

　　13. After breaking the cup, Cody passed through the left and right stripes.

　　14. When I come to the place in the picture, May goes straight ahead, and Cody gets smaller and goes through the passage.

　　15. Then come here, Cody carries the ball, and May uses the rope on the ball.

　　16. As shown in the picture, two people are attached to the ropes on both sides of the ball.

　　17. Two people use the way of swinging left and right to pull the ball forward.

　　18. When she comes to the place in the picture, Mei steps down from the place on the right and presses the [E] key.

　　19. After pressing the button, it is the place in the picture. They successfully passed the upside-down level and entered the next level.

Eva Huang

At the press conference in Eva Huang, spring was suddenly released.

Bidai Syulan’s high-split white dress is crazy and beautiful.leg

　　Movie network news(Photo/Qian Jiayi/Yang Yaru) Magic movies starring Jet Li, Eva Huang, LAM Raymond, Asa, Wen Jian and Bidai Syulan will be released nationwide on September 29th. On September 22nd, the film was premiered in Beijing. Eva Huang, the "white snake", was unexpectedly exposed, while Bidai Syulan, the "myth of youth", showed off her beautiful legs.
　

LAM Raymond and Eva Huang match in black and white.

The heel was too high and the skirt was too long. Eva Huang stumbled and almost fell. Fortunately, LAM Raymond held it in time

Jet Li held hands with Cui Baozhu and called her one of the most important women in her life.

Bidai Syulan; Vivian Hsu

Eva Huang accidentally walked out in a short skirt, and Bidai Syulan opened his legs and showed off his legs.

　　At the premiere conference held in the afternoon, Eva Huang, who once again challenged the classic image of White Snake, appeared in a pale pink short skirt. However, due to the short skirt, Eva Huang unfortunately ran out frequently. On the red carpet in the evening, Eva Huang changed into a long white dress, and the design of the hollowed-out and carved blouse was very Chinese, which was not only elegant and generous, but also closer to the character "White Snake".

　　 　However, due to the high heel, Eva Huang almost fell down on the red carpet, thanks to LAM Raymond’s help. Eva Huang also praised "lover Xu Xian" at the scene. "LAM Raymond is very handsome, and his eyes will discharge especially!" Eva Huang’s words made LAM Raymond blush and won the screams of fans.

　　 　Bidai Syulan, known as the myth of immortality, also chose a small white dress to appear that night. However, compared with Eva Huang, Bidai Syulan’s dress adopted the design of sloping shoulders and high slits, adding sexy elements. Bidai Syulan appeared with the makeup of red lips, showing off her sweet shoulders and beautiful legs.

Jet Li

LAM Raymond

essay

Jet Li helped the premiere of "White Snake", and started shooting a new film on Monday.

　　 　Kung Fu superstar Jet Li and producer Cui Baozhu of The Legend of White Snake finally came to the red carpet. Jet Li and Cui Baozhu have a deep relationship, and they have worked together in a series of acclaimed and box-office movies, such as Fang Shiyu,, and so on.

Yang Zi, Director Cheng Xiaodong

Zhao Tao, who just announced her marriage with Jia Zhangke, was also present to help out.

Producer Cui Baozhu

　　 　On the same day, Jet Li took the initiative to hold Cui Baozhu’s hand and said with a sigh, "The woman who has been able to let me take the initiative to hold hands for 30 years must be a woman who is very important to me. Three days later, we will cooperate with another movie, Tai Ji Chuan!"

　　 　In addition, the producer of The Legend of White Snake, Yangzi, director Cheng Xiaodong, and friends from Zhao Tao, director Zhang Zhiliang, Jewel Lee and Li Danyang also came to join us.

More wonderful pictures on the next page

　　As a heavy model put into the compact SUV market by GAC Aian, AION V is built on the second-generation GEP pure electric platform, with sci-fi avant-garde design, good spatial performance and configuration level, and its product competitiveness is very strong. In the previous survey of "100 car owners evaluating new cars" for the 2023 Guangzhou Automobile AION V, the new car was widely praised in terms of appearance, configuration level and interior, but some consumers also reported that the vehicle had problems such as "not delivering the car according to the contract".

First, the basic information of vehicles

　　1. Comparison of configuration parameters of the same model: the configuration performance is more honest.

　　Through configuration comparison, it is not difficult to find that the overall performance of the 2023 GAC AION V is not bad. Although the configuration level of the entry model is relatively general, it can still meet the needs of daily use. Up-to-date, including comfort, technology and safety configuration, the threshold is not too high, and it is basically decentralized to the middle-equipped models, which is very friendly to consumers and has a large choice. In addition, configurations such as front parking radar and automatic parking are given the opportunity to be installed even if they are not standard in the original factory. Consumers don’t have to be too entangled, and the practice is quite kind.

　　2. Comparison of configuration parameters of competing models: the overall performance is bright.

　　Although there are many choices of pure electric compact SUVs on the market at present, there are not many models that overlap with GAC AION V in terms of price and can form a direct competitive relationship. In the end, I chose SAIC Volkswagen ID.4 X, GAC Mitsubishi Arturo AIRTREK and GAC Toyota bZ4X with medium SUV positioning. In comparison, the performance of the four models in the configuration link is remarkable. GAC AION V is mainly comprehensive, with no special highlights, but it can’t find obvious shortcomings.

Second, the quality reliability

　　As of press time, Chezhi.com has accepted 54 complaints from Guangzhou Automobile AION V, including 20 complaints about pure quality problems involving 39 fault points. Among these complaints, body accessories and electrical appliances account for the largest proportion. In the previous quality reliability survey of "100 car owners evaluating new cars", car owners still gave a more objective evaluation of their quality reliability. Among them, the proportion of car owners who gave a "very satisfied" evaluation was 24.6%; Car owners who expressed "satisfaction" accounted for the highest proportion, reaching 53.6%; The proportion of car owners who say "average" is 20%, while the proportion of car owners who clearly say "dissatisfied" is 1.8%. On the whole, the quality and reliability performance of Guangzhou Automobile Aian AION V has reached the expectations of the interviewed car owners.

Third, after-sales service satisfaction

　　As of press time, Chezhi. com has accepted 39 complaints about service problems of Guangzhou Automobile AION V, among which there are relatively many complaints about promises not being fulfilled, which are embodied in "not delivering the car according to the contract" and "not fulfilling the sales promise".

　　As of press time, the manufacturers have all responded to 54 complaints received by Chezhi.com about GAC Aion V. From the data point of view, manufacturers are more active in solving the problems that consumers have in the process of purchasing and using vehicles. For the problems raised by consumers, manufacturers will communicate with the 4S shop where the owner is located and contact the owner to enter the store for inspection and maintenance.

Fourth, the cost of car use

　　1. Power consumption: The performance is basically in line with expectations.

　　For consumers, since the date of purchase, more expenses are concentrated on daily maintenance and use costs. In view of the daily maintenance and electricity consumption of the 2023 Guangzhou Automobile AION V, Chezhi. com collates the data published by several major automobile websites for consumers’ reference:

　　Based on the statistical data of the Ministry of Industry and Information Technology and the vertical websites of various automobiles, it is concluded that the actual power consumption of the owners of 2023 Guangzhou Automobile AION V is slightly higher than that of the Ministry of Industry and Information Technology.

　　The 2023 GAC AION V can enjoy a four-year or 150,000-kilometer vehicle warranty. The initial warranty period of AION V is 5000km or 3 months, and the project is the routine inspection of the three power systems. Carry out routine maintenance every 10000km; The replacement cycle of air conditioning filter element is 20000km；; The replacement cycle of antifreeze and brake oil is 40000km；; The gear oil replacement cycle is 60000km. In the survey of "100 car owners evaluating new cars", nearly 90% of the questionnaires think that the repair/maintenance cost of Guangzhou Automobile Aian AION V meets expectations and is within a reasonable range.

V. Road Test Report

　　In terms of power, GAC AION V is equipped with a three-in-one high-efficiency electric drive module, and different adjustable motors and batteries are available. Take the 80 Smart Collar Edition as an example. It is equipped with a front single motor with a maximum power of 165kW and a ternary lithium battery with a capacity of 80kWh. The NEDC cruising range is 600km. Although the power parameters are unremarkable, it is quite skillful in adjustment, excellent in ride comfort performance, dense in starting acceleration power and easy to control, which is very suitable for a compact SUV with home positioning.

Sixth, user word of mouth

　　In the car channel of "Guangzhou Automobile AION V", a total of 12 people participated in the scoring activity, of which 10 people gave a four-star rating and 2 others gave a five-star rating. In the comments, some car owners summed up the advantages and disadvantages of the 2023 GAC AION V in use, which can provide more real and comprehensive reference opinions for other consumers.

　　In the user’s word of mouth, most car owners are satisfied with the design and comfort of the 2023 GAC Aion V. As a pure electric compact SUV for the home market, the design of GAC AION V is sci-fi avant-garde, and the power adjustment is quite smooth, and the driving experience is very comfortable. However, some car owners have complained about the car system of Aeon V.

Seven, plus points

　　1. Collision safety

　　At present, the 2023 Guangzhou Automobile AION V has not participated in the C-NCAP crash test, so the safety of the car can not be supported by data.

　　2. Recall history

　　Judging from the data currently available, GAC AION V has not been recalled in Chinese mainland. Although the absence of recall does not mean that the quality of the vehicle has reached perfection, it at least proves that the manufacturer has determined that the current vehicle has no hidden problems that affect the safety of driving and property.

[China, Dongguan, August 4, 2023] HarmonyOS 4 was officially released at today’s Huawei Developers Conference 2023(HDC.Together). Since its release in 2019, HarmonyOS has been user-centered. After more than four years of development, HarmonyOS has built a brand-new intelligent ecosystem, which has completely changed the interactive way of intelligent terminals.

Since its release, HarmonyOS has completed the layout of ecological construction step by step with more equipment, more applications and more meta-services. Nowadays, there are more than 700 million smart devices in HarmonyOS. HarmonyOS 3 has brought distributed technology to more devices and scenarios. Distributed communication allows networks among devices to be shared, and meta-service universal cards make it easier to obtain services. HarmonyOS 4 insists on stability, smoothness and safety, and advocates that users should fully display their personalities and let everyone play freely and together.

He Gang, chief operating officer of Huawei Terminal BG, said: "Because of the new experience upgrade brought by HarmonyOS 3, the system upgrade rate has increased from 77% of HarmonyOS 2 to 85%, which has rejuvenated many existing devices. HarmonyOS operating system continues to lead the innovative experience in four aspects: distribution, meta-service, security and fluency. Today, HarmonyOS will bring you a new experience with more wisdom and personality. "

Personalized themes are customized to create an exclusive HarmonyOS experience.

The digital world has changed people’s way of life, bringing convenience to everyone, but also providing people with more space to show their individuality. HarmonyOS 4 adds new visual and interactive experiences such as personalized theme, interesting mood theme, panoramic weather wallpaper and personalized dial, allowing users to fully display their personality and express their emotions.

Personality themes such as "artistic protagonist" and "fashion album" use composition, color, pattern and other elements to build a wallpaper full of artistic beauty, which makes the equipment look brand-new and meets the needs of users to show their individuality; "Poster Font" introduces 6 fonts of screen lock time, which makes the screen lock have more personalized settings; Panoramic weather wallpaper moves more realistic weather scenes into the wallpaper and locks the screen, and can also switch the display screen according to the user’s viewing angle, so that the user can feel the weather change between hands.

Through a large number of user surveys, HarmonyOS 4 brings richer, more playful and more three-dimensional expressions, and adapts local elements. Users can also choose appropriate expressions according to the current mood and make interesting and unique mood wallpapers.

HarmonyOS 4 also brings many interesting new features to the watch. The "blooming dial" that blooms gradually according to the number of steps encourages users to step by step, while game dials such as Astronaut and Shiba Inuya provide more choices for leisure time. Rotating the crown can control the actions of the characters in the game and turn the watch into a wrist game machine.

Huawei theme App also specially customized a free full-scene theme for HarmonyOS 4, and the dynamic lock screen of three-dimensional inflation wind echoed the main vision of HarmonyOS 4. This theme also contains a variety of creative and interesting components, which can be experienced in mobile phones, tablets, watches and other devices.

Efficient access to information, services at your fingertips.

HarmonyOS was born in the increasingly prosperous era of mobile ecology, which is in line with the current intelligent, convenient and efficient interactive needs. HarmonyOS 4 improves the efficiency of information processing through a brand-new notification center and live window, and comprehensively optimizes the super transfer station, super desktop and small art to help users live and work efficiently. The expansion of the meta-service universal card ecology makes the service more and more convenient to reach.

Modern people receive a lot of news every day, and news notices, commodity advertisements and message reminders are full of notice columns, so it is easy to ignore or miss valuable news. Based on this, HarmonyOS 4 visually optimizes the notification center, making the information structure clearer and the priorities clear at a glance. The newly added live window can present the real-time status of the application at any time, and bring a complete and continuous and efficient experience to users through two forms of capsules and cards. For example, for take-away applications, the status of "eating, picking up and delivering" can be displayed in real time, avoiding the notification screen, and allowing users to obtain information efficiently and intuitively.

On the smart watch side, the crescent moon window designed in combination with the watch shape can surround the check-in counter, take-out process, travel license plate number and other information at the upper right of the dial through a strong reminder, so that users can get important information by raising their hands.

Users can also slide right into the negative screen on the desktop of mobile phones and tablets to view more real-time service status, which is more convenient and efficient.

The universal card has always been the most efficient interactive way for HarmonyOS to obtain information and services. Users can see the instantly refreshed service information on the card, such as hot information and food list. With the participation of more and more eco-partners, HarmonyOS provides more and more universal cards to users, especially news and information, convenient life, travel and other categories, and the service is more and more convenient.

HarmonyOS not only has such an efficient information processing method as universal card, but also has the important ability of cross-end circulation.

The efficient flow of information has been further strengthened in HarmonyOS 4. The super transfer station supports more applications and scenarios, and adds practical functions such as file preview and clipboard historical content query to help users collect fragmented information better. Not only mobile phones, but also super transfer stations support tablets and PCs, making cross-device sharing very convenient.

Based on the powerful distributed capability of HamonyOS, the content flow of HarmonyOS intelligent cockpit has also had a better experience, supporting more devices and scenarios. Multi-screen sharing allows front and rear passengers in the car to watch movies simultaneously; Transfer the game on the mobile phone to the car, and you can play mobile games with the big screen in the car; When operating a drone, you can also use the cockpit screen as a large display screen with the help of the super desktop, and you can easily control the drone by sitting in the car through the cockpit screen.

Brand-new small art, "big" is different

HarmonyOS 4 has a more powerful intelligent assistant, Xiaoyi. Empowered by the AI ? ? big model, Xiaoyi continues to strengthen in three directions: intelligent interaction, productivity improvement and personalized service, and becomes a smarter, more capable and more caring intelligent assistant.

With a stronger natural language understanding ability, users can communicate with Xiaoyi in more daily expressions based on their own speaking habits and intuition. If they want to use the panoramic weather wallpaper added by HarmonyOS 4, they only need to ask Xiaoyi "How to change a wallpaper with weather effect" or "Can you set the mobile phone wallpaper with real-time weather", and Xiaoyi can understand it. Not only that, Xiaoyi can understand the content of the picture and process it, such as recognizing the address on the poster and navigating with one button.

Xiaoyi not only greatly improves her understanding ability, but also has the function of summarization and copywriting-assisted creation, which makes content creation more effective. Relying on the multi-modal large model technology, Xiaoyi can also realize the function of "fun pictures" and personalize and stylize the existing images for secondary creation. Xiaoyi is also a smart assistant who knows users better, and can help users record inspiration or important events and provide search and reminder functions. Xiaoyi suggestion has upgraded the scene combination card function, which can perceive more high-frequency scenes of users and actively generate different xiaoyi suggestion cards.

Smooth upgrade, double protection

HarmonyOS 4 adopts a brand-new Huawei Ark engine, which can significantly improve its capabilities in graphics, multimedia, memory, scheduling, storage and low power consumption. Compared with the previous generation system, the sliding fluency of HarmonyOS 4 is improved by 20%, and the battery life is increased by 30 minutes. The response speed of many common operations has also been greatly optimized. For example, the camera startup speed has increased by 57%, and users have a smoother experience in payment, navigation and other scenarios.

Huawei has always been committed to creating a pure and safe application environment for users and being the guardian of application security. HarmonyOS 4 makes the risk warning more visible, the risk application more controllable and the protection always online through a series of security functions such as brand-new application control center and application tracking management.

For children’s users, HarmonyOS 4 also brings security protection including pure and undisturbed, game anti-addiction, payment behavior control, application content grading, etc., to create a healthy computer environment for children. Parents can also help their children use electronic products more reasonably through the remote guardian function.

On August 4th, starting from the day of HDC.Together conference, Huawei will launch public Beta upgrade for 34 products including HUAWEI Mate 50 series, HUAWEI P60 series, HUAWEI Mate X3 and HUAWEI MatePad Pro 12.6 inches, and at the same time launch pollen beta recruitment for 35 products including HUAWEI P40 series, HUAWEI Mate 30 series, HUAWEI nova 9 and HUAWEI nova 10. In addition, in the second half of 2023, Huawei will launch HarmonyOS 4 adaptation updates for Huawei’s smart meters, smart screens, routing and other products. There will be more equipment upgrades in 2024. Consumers are welcome to participate in the upgrade and experience the new HarmonyOS 4.

　　A few days ago, Zhongtong, Yuantong, Shentong, Yunda and many other express delivery companies have issued the Notice on the Adjustment of the Distribution Fees of the Whole Network, announcing that the distribution fees of the whole network will be raised from today (September 1) to subsidize the income of couriers. The "delivery fee" means the "delivery fee", which is the income obtained by the courier to deliver the express from the outlet to the consumer. At present, what is the income of the courier brother? Look at the report that the reporter sent back from Guangzhou yesterday.

　　On August 31, the reporter visited a number of courier companies in Guangzhou and found that the courier brother began to meet the busiest season of the year. Zheng Wanqiang, who is engaged in express delivery in a Guangzhou express delivery company, told reporters that starting from September 1st, the company will increase the delivery fee of 0.1 yuan for each ticket, and 200~300 pieces can be delivered every day, and each ticket will increase the 0.1 yuan, which will make him a good income every month. Zheng Wanqiang, a courier of a courier company in Guangzhou, said that the rent was just (replenished) after making up seven or eight hundred yuan.

　　Not only Zheng Wanqiang, but also more courier brothers can enjoy the increase in income brought about by this round of fee increase. The reporter learned that the express delivery companies, such as Zhongtong, Yuantong, Shentong and Yunda, announced that they would increase the distribution fee of 0.1 yuan from September 1st. Just in July this year, seven central ministries and commissions jointly issued the "Working Opinions on Doing a Good Job in Protecting the Legal Rights and Interests of Courier Groups", pointing out that it is necessary to further implement the specific arrangements of the State Post Bureau on doing a good job in protecting the rights and interests of couriers and effectively enhance the legitimate rights and interests of couriers. For the delivery of some large-scale express delivery, the express delivery company has also made different adjustments. Tian Shanshan, manager of the personnel department of a courier company in Guangzhou, said that there are some areas with relatively high difficulty coefficient for the delivery of some large-sized couriers. For such couriers, we have also set up subsidies for special areas. On average, each courier can probably be promoted to a salary change of 1,000 to 1,500 yuan. Liang Wenhui, the general public affairs assistant of a courier company in Guangzhou, said that they will have a special fund of more than 200 million yuan, which will be mainly subsidized to our frontline courier brother. This special fund is basically aimed at the current income of courier brother, and some subsidies will be made to increase income.

　　The reporter learned that the courier brother group has strong work intensity and difficult working conditions. The increase in the courier fee will help to strengthen the confidence of the courier brother. Mr. Lai, a courier of a courier company in Guangzhou, said that the mentality of wanting to leave the company has dropped, and at least 1000 yuan has given them more rewards.

　　Shi Zifu, Harbor Business Watch

　　In the sub-field of matching in the same city, flash delivery is usually regarded as a leading participant in the industry. However, this market is highly competitive, and only the well-known SF City, JD.COM Hours and Dada Seconds are not small rivals.

　　On October 4th, Flash (FLX.US) was successfully listed on NASDAQ, with an issue price of US$ 16.5 /ADS and a total fundraising of US$ 66 million. As of 9: 38 EDT on October 8th, the stock price of Flash dropped to about US$ 15. According to Tianyancha, the domestic operation entity of Flash is Beijing Tongcheng Bing Technology Co., Ltd..

　　01

　　Achieve profitability in 2023.

　　Official website introduced that Flash Delivery is a one-to-one express delivery platform in the same city’s instant delivery industry, providing personal and corporate customers with special express delivery services on demand. The brand of Flash Delivery is FlashEx or Flash Delivery, which means instant delivery.

　　According to the data of iResearch, in terms of revenue in 2023, Flash is the largest independent on-demand express service provider in China. In 2023, the market share of Flash in China’s independent on-demand express service is about 33.9%.

　　Different from the delivery service provider that adopts the order consolidation mode, Flash initiated and always focused on the special delivery mode of on-demand delivery. For each order, Flash will assign a special Flash-Rider to pick up the order and deliver it to the recipient without merging multiple orders or changing hands on the route.

　　As of June 30, 2024, Flash has about 2.7 million registered riders, and its service coverage has been extended to 295 cities in China.

　　From 2021-2023 and January-June 2024 (hereinafter referred to as the reporting period), Flash Delivery fulfilled 158.6 million, 213.4 million, 270.7 million and 138.1 million orders respectively; In the current period, the company realized revenue of RMB 3,039.8 million, RMB 4,002.7 million, RMB 4,528.8 million and RMB 2,284.5 million respectively, and realized gross profit of RMB 189 million, RMB 259 million, RMB 395 million and RMB 257 million respectively, with gross profit margins of 6.2%, RMB 6.5%, RMB 8.7% and RMB 11.3 respectively.

　　It is not difficult to understand the reason for the increase in revenue, which is related to the increase in the company’s orders in the current period. In terms of net profit, flash delivery generated a net loss of 291 million yuan and 180.4 million yuan in 2021 and 2022 respectively, and realized a net profit of 110 million yuan (US$ 15.205 million) and 124 million yuan (1702.0) in 2023 and January-June 2024 respectively.

　　For the realization of profit in 2023, the flash payment is attributed to the increase of other income caused by the increase of government subsidies. In 2023, other income from flash delivery was 74.3 million yuan (US$ 10.2 million), compared with 9.2 million yuan in the same period in 2022.

　　In the revenue composition of Flash-Riders, the salary and incentive paid to Flash-Riders are the biggest components of the company’s revenue cost. During the reporting period, it was 2.751 billion yuan, 3.614 billion yuan, 3.975 billion yuan and 1.951 billion yuan respectively, accounting for 90.5%, 90.3%, 87.8% and 85.4% of the total income of the current period respectively.

　　In addition, the attention of the outside world is high. During the reporting period, the average income of a single order delivered by flash was 19.2 yuan, 18.8 yuan, 16.7 yuan and 16.5 yuan respectively, showing an obvious downward trend. Although the order volume is rising, the continuous decline of single income is still likely to affect the overall operating performance of the company.

　　02

　　Downgrading various fees, more than 8,000 complaints.

　　The operating expenses of flash delivery include sales and marketing expenses, general and management expenses and research and development expenses. In the total cost, sales and marketing expenses account for the vast majority.

　　According to the prospectus, the sales and marketing expenses of flash delivery mainly include: advertising and marketing expenses, staff costs related to sales and marketing functions, rent and depreciation, and advertising expenses mainly include endorsement fees and advertising fees. During the reporting period, the sales and marketing expenses of flash delivery were 272 million yuan, 240 million yuan, 188 million yuan and 89.738 million yuan respectively, accounting for 8.9%, 6.0%, 4.2% and 3.9% of the corresponding income respectively.

　　General and administrative expenses of flash delivery mainly include: salaries and related costs of employees engaged in general company functions, professional fees and other general company expenses, as well as expenses related to the use of facilities and equipment. During the reporting period, the company’s general and administrative expenses were 113 million yuan, 103 million yuan, 105 million yuan and 45.505 million yuan respectively, accounting for 3.7%, 2.6%, 2.3% and 2.0% of the corresponding income respectively.

　　In addition, R&D expenses mainly include: staff costs, rent and depreciation related to R&D functions, and other expenses related to R&D functions. During the reporting period, the R&D expenses of Flash were 105 million yuan, 119 million yuan, 90.847 million yuan and 41.306 million yuan, respectively, accounting for 3.4%, 3.0%, 2.0% and 1.8% of the revenue in the corresponding period.

　　In the first half of 2024, Flash reduced the sales and marketing expenses, general and administrative expenses, and research and development expenses, by 8.56%, 13.17% and 18.6% respectively compared with the previous year. Some market participants told Harbor Business Watch that it is not ruled out that this year is facing fierce market competition and the consumption environment is weak. In order to improve profitability and IPO, Flash delivery has carried out all-round cost control.

　　Flash accounts payable mainly refer to the remuneration payable to Flash-Riders. By the end of 2022, 2023 and the end of the first half of 2024, the accounts payable for flash were 356.1 million yuan, 339.8 million yuan and 314.6 million yuan respectively. In the same period, the company’s cash and cash equivalents were 622 million yuan, 699 million yuan and 712 million yuan respectively.

　　In 2021 and 2022, the net cash used in flash business activities was 194.9 million yuan and 86.8 million yuan respectively, and in 2023, the net cash provided by flash business activities was 45.7 million yuan.

　　In the first half of 2024, the net cash provided by Flash business activities was 20.7 million yuan (US$ 2.8 million). Flash mentioned that the company’s main source of liquidity was equity financing income. In March, April and May, 2021, the company obtained 747.8 million RMB from D2 financing. As of June 30, 2024, Flash had cash and cash equivalents of 711.7 million yuan (US$ 97.9 million).

　　Flash delivery mentioned in the prospectus that the company does not employ any lightning riders, and provides special express service for individual and corporate customers by relying on Flash-Riders. The company usually regards such lightning riders as independent contractors.

　　In this context, there are also many consumer complaints about flash delivery. As of October 8, the keyword "flash delivery" was searched on the black cat complaint platform, with a total of 8,128 complaints, and 5,744 complaints have been completed. In the last 30 days, there were 213 complaints, with an average of 7.1 complaints per day. Consumer complaints focus on time delay, overlord clauses, arbitrary deduction of service fees, unreasonable punishment of riders, and unauthorized cancellation of orders.

　　03

　　Valuation has shrunk dramatically, how to break through the competition in the Red Sea?

　　Tianyancha shows that at the beginning of its establishment in March 2014, Flash received millions of RMB angel round financing from Jingwei Venture Capital; In June of the same year, the company also received millions of dollars in Series A financing from Jingwei Venture Capital and CDH Investment. In July and August, 2015, Flash completed $50 million in Series B financing and Series B+ financing respectively, with investors including Jiuding Investment, Light Source Growth Fund and Tiantu Investment.

　　In February and June of 2017, Flash completed the C and C+ rounds of financing respectively, and the transaction amount of both rounds was USD 50 million. In August, 2017, August, 2018 and March, 2021, Flash completed the D, D+ and D++ rounds of financing respectively, among which the investors in the D+ round of financing included Haisong Capital, Wuyue Capital, Yuanxing Capital, Haina Asia Venture Capital, Shunwei Capital, Changbai Xing Capital, Shunliang Investment, Hearst Capital and Light Source Venture Capital, with a transaction amount of 60 million.

　　The investors in the flash D++ financing include Shunzhi Capital, Wuyue Capital, Haina Asia Venture Capital Fund, Tiantu Investment, Haisong Capital, AlphaSquare Group, Qiyuan Investment Axiom Asia Private Capital, Qian Shan Capital and Zhongcai Capital, and the transaction amount reached 125 million US dollars.

　　However, in the instant delivery market, flash delivery faces a lot of market competition.

　　In the field of traditional logistics and distribution, SF Express’s SF Express delivery, running errands, and helping to buy services, with an average of one hour in the whole city; JD.COM’s instant retail business is aimed at consumers’ JD.COM Hours, and in May 2024, JD.COM Hours and other brands were upgraded to "JD.COM Seconds Delivery"; Dada Group’s Dada seconds to send help, help to send, run errands, 1 hour; Hungry? Hummingbird, its real-time logistics platform, also provides consumers with comprehensive life services such as home catering service, supermarket service, help buy and help deliver.

　　In addition, after the completion of the D++ round of financing in March 2021, the valuation of flash delivery reached 2 billion US dollars (equivalent to about 14 billion yuan). According to the Hurun Global Unicorn List in 2024, the flash valuation is about 7 billion yuan, down about 40% from 2021. Up to now, the flash market value is about $1.078 billion.

　　According to the Research Report on Instant Distribution Industry in China released by iResearch, the scale of the instant distribution industry will be about 341 billion yuan in 2023, and it is estimated that the scale of the industry will exceed 810 billion yuan in 2028.

　　Mo Daiqing, director and senior analyst of the online retail department of the E-commerce Research Center of NetEconomy & Society, pointed out that the competition in the instant delivery market is becoming more and more fierce. For example, Dada Group and SF Express have been successfully listed in the same city, and the rookie also announced to upgrade its express delivery service in the same city and launched the "half-day service". Backed by giants such as JD.COM, SF Express and Ali, they have strong financial support and business resources. In addition, there are some new "showstopper". For example, last year, the cargo Lala announced the online errands business; Didi also launched Didi errands service; Gaode Map announced that it has cooperated with a number of instant delivery companies to provide errands through its platform; Tik Tok, Aauto Quicker, Oriental Selection, etc. are also accelerating the trial of instant retail.

　　Although it has been successfully listed, on the one hand, its profitability is under great pressure, and on the other hand, how to successfully break through in the Red Sea industry has also been tested.

CITICS

Edible oil can be divided into vegetable oil and animal oil according to the category. Edible vegetable oil is the main domestic consumption, and the consumption of animal oil is decreasing year by year. According to the statistics of the National Bureau of Statistics, the proportion of edible vegetable oil in the per capita edible oil consumption of rural households in China has increased from 56% in 1980 to 90% in 2018. Edible vegetable oil is mainly produced from upstream soybeans, rapeseed,

Planting oil seeds such as peanuts and sunflower seeds, squeezing, refining and packaging to obtain packaged edible oil products; In addition, the by-product oil meal can be used as an important feed raw material, while the primary processed products such as crude oil can be used to manufacture daily chemical products, high-quality basic chemicals, nutritional products, etc., which are widely used in food, chemical industry, medicine and other industries.

In recent years, the consumption of edible vegetable oil has increased steadily.

With the increase of per capita edible oil consumption and the substitution of edible vegetable oil for edible animal oil, the consumption of edible vegetable oil in China has continued to increase, and the growth rate of industry consumption has gradually slowed down after 2005, stabilizing at single-digit growth.

According to the statistics of National Cereals and Oils Information Center, in 2017/18 (from October 2017 to September 2018, the same below), the consumption of edible vegetable oil in China reached 34.4 million tons, and the CAGR reached 4.5% in the past five years. Among them, the production of edible vegetable oil reached 29.63 million tons, and the CAGR reached 4.5% in the past five years. Some edible vegetable oils were supplemented by imports.

Soybean oil-rapeseed oil is dominant, and oilseed soybeans are mainly imported.

In terms of scaleAccording to USDA data, the consumption of soybean oil and rapeseed oil in China in 2018/19 reached 15.89 million tons and 8.39 million tons respectively. The consumption of peanut oil, sunflower oil and corn oil ranks second. According to USDA data, the consumption of peanut oil and sunflower oil in China in 2018/19 was 3.09 million tons and 1.5 million tons respectively.

From the perspective of growth rateIn recent years, sunflower oil and olive oil have increased rapidly, with CAGR reaching 10.1% and 6.7% respectively in the past five years.

From the perspective of supplySoybean oil, rapeseed oil and peanut oil are mainly made in China, while sunflower oil and olive oil are mainly imported, accounting for 69% and 93% of consumption; From the perspective of oil materials (raw materials for oil extraction), soybeans are mainly imported, and imports in 2018/19 accounted for 97% of the crush.

Packaging edible oil: soybean oil dominates the market, and consumption is gradually escalating.

According to the packaging methods, edible vegetable oil can be divided into bulk oil, medium packaging edible oil and small packaging edible oil.

In recent years, with the continuous promulgation of national laws and regulations on restricting the sale of bulk oil, the improvement of residents’ living standards and consumers’ increasing awareness of food safety, the consumption of bulk oil has gradually decreased, and the consumption of small and medium-sized packaged edible oil has gradually increased, occupying the main position in the edible oil market.

According to Euromonitor statistics, the consumption of packaged edible oil in China reached 14.67 million tons in 2019 (excluding industry), and the CAGR was 4.8% in 2014-2019. It is expected that the industry will continue to grow steadily in the future, and the expected sales volume CAGR in 2019-2024 is 3.7%.

Looking at retail channels alone, the sales volume, sales volume and retail price of packaged edible oil in 2019 were 103.1 billion yuan, 8.39 million tons and 12,292 yuan/ton respectively, corresponding to CAGR of 2.2%, 3.8% and -1.5% in 2014-2019 respectively.

Soybean oil dominated, and the proportion of high-priced edible oil increased.

In terms of categories, soybean oil is still dominant in packaged edible oil.

According to Euromonitor statistics, in 2019, China’s soybean oil sales accounted for 44%, and rapeseed oil, peanut oil and sunflower oil accounted for 10%, 9% and 7% respectively.

From the retail price, olive oil is much higher than other categories, reaching 97,000 yuan/ton in 2019; Peanut oil and sunflower oil are relatively higher than the average level, with 14,300 yuan and 13,600 yuan/ton respectively in 2019; Soybean oil and rapeseed oil are the most common edible oils, and the price per ton is relatively low. In 2019, they were 11,200 yuan and 10,100 yuan/ton respectively.

With the improvement of people’s consumption level, the sales growth rate of relatively high-priced edible oil is ahead. From 2014 to 2019, the sales of olive oil, peanut oil and sunflower oil reached 9.9%, 5.9% and 8.3% respectively, which was higher than the industry average.

Modern channels are dominant, especially high-priced oil.

Small-package edible vegetable oil has both the attributes of hoarding goods and giving gifts, so modern channels such as supermarkets and supermarkets are the main sales channels.

According to Nielsen statistics (quoted from the company’s prospectus), in 2019, the sales volume of small package edible vegetable oil in supermarkets and supermarkets accounted for 32.4% and 30.9% respectively.

Especially for sunflower seed oil, rice oil, peanut oil, olive oil, etc., the total proportion of hypermarkets and supermarkets is over 70%.

Judging from the trend in the past three years, the proportion of overall hypermarkets has declined, the proportion of supermarkets has increased, and other channels have changed relatively little.

In the future, the industry will grow steadily and the upgrading trend will continue.

In the future, the domestic packaged edible oil industry is expected to maintain a steady growth trend. According to Euromonitor’s forecast, the domestic packaged edible oil sales CAGR will reach 3.7% from 2019 to 2024.

With the increase of people’s income level and the demand for health and quality, the demand for high-end edible oils (such as sunflower oil and olive oil) with more balanced and rich nutrients will continue to increase in the future.

According to Euromonitor’s forecast, from 2019 to 2024, the traditional sales of soybean oil and rapeseed oil will be only 1.5% and 2.7%, while the consumption of sunflower oil and olive oil will reach 4.1% and 5.4% respectively, and the proportion of high-end edible oil sales is expected to continue to increase.

Source: CITIC Securities, "The leading grain and oil company is Hengqiang, and its listing efforts have reached a new high"