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　　CCTV News:Recently, the Ministry of Commerce proposed to innovate consumption scenes, appropriately relax the restrictions on temporary display, and use night markets and theme markets that consumers love to see to create consumption scenes that meet the needs of different consumer groups. When interviewed in Huarong County, Hunan Province, the reporter saw that the standardized night stall market made the night consumption lively and orderly.

　　In the evening, the night stalls in Huarong County, Hunan Province are also lively. Looking up, although there are many stalls, they are miscellaneous but not chaotic. The stall owners are lined up in an orderly manner according to the designated area designated by the urban management.

　　In March this year, after Huarong Urban Management Brigade Regional Squadron opened the night stall for approval, Huang Feng immediately signed up and set up this stall near his own store.

　　That night, all the 14 tables in Huang Fengjia’s booth were full of guests, and there were many guests to take out. Due to the unique taste and reasonable price, the ice flower and pot-stewed taste of Huangfeng booth sell well every day, and now the daily income exceeds 1,000 yuan.

　　In Huarong County, there are more than 300 stall owners like Huang Feng’s family who use their free time to set up night stalls. In order to further standardize the night stall market and increase the market vitality, Huarong County has specially introduced the night stall declaration and management system to simplify the work flow.

　　The filing of P2P peer-to-peer lending platform, which has attracted much attention in the industry, has now ushered in new progress. It is reported that the regulatory authorities are soliciting opinions on the online loan filing rules. According to the current plan, some provinces and cities will be the pilot areas for filing. On the basis of summing up the pilot experience, according to the overall time limit of three years to prevent major risks, the filing and registration of stock online lending institutions will be completed nationwide in 2020.

　　In the eyes of many people in the industry, the introduction of online loan filing rules will be another major measure after compliance inspection and Opinions on Doing a Good Job in Classified Disposal and Risk Prevention of Online Loan Institutions, which is not only conducive to the follow-up filing work of the compliance platform, but also conducive to protecting the rights and interests of lenders and promoting the orderly clearing of industry risks.

　　Continuous adjustment of the industry

　　"The proposal of the online loan filing rules will promote the online loan industry to take a substantial step, which also means that the filing will be restarted in the near future. The acceleration of industry clearing and the filing of the compliance platform will obviously boost market confidence. " Zhang Yexia, dean of the Online Loan Home Research Institute, said.

　　Since the Notice on Implementing the Interim Measures for the Management of Business Activities of Information Intermediaries in peer-to-peer lending in August 2016, it was first mentioned that the online loan industry implemented the filing and registration system, and the filing of the industry has been in an irregular state. Correspondingly, the prosperity of the online lending industry continues to decline, and problem events occur from time to time. According to the incomplete statistics of online loan houses, as of the end of March this year, the cumulative number of closed and problematic platforms reached 5,595; Recently, individual head platforms also broke out risk events, which once again brought considerable impact to the industry.

　　It is worth noting that according to the current plan, online lending institutions are required to pay "one book and two gold", of which "one book" refers to the paid-in registered capital; "Two funds" are the general risk reserve and the lender’s risk compensation. "This indicates to some extent the source of redemption funds after the outbreak of risk events by online lending institutions." Experts said that among them, the general risk reserve is used to pay in advance the losses caused by the online lending institution’s own reasons (such as publishing false information, failing to disclose information as required, and self-financing of online lending institutions). Lender’s risk compensation is used to make up the lender’s principal loss when the borrower has credit risk and cannot repay the lender’s funds as agreed.

　　"For most small and medium-sized platforms, this is a cruel knockout." Ai Yawen, an analyst at Rong 360 Big Data Research Institute, said that only this "one book and two gold" has blocked many small and medium-sized platforms with weak financial strength. In her view, in the face of the "cold winter" of the industry, financing channels and funds are shrinking, and it is also very difficult for the platform to introduce shareholder financing. In the first three months of this year, only one or two online lending institutions obtained venture capital funds.

　　Small platforms are not optimistic.

　　It is noteworthy that at present, the proposed plan proposes that online lending institutions can be divided into single provincial-level regional operation and national operation according to their business scope. In the future, a large number will be single provincial-level regional operation institutions, and regional operation institutions can only carry out fund matching services in this region. "This will undoubtedly significantly narrow the scope of risks, and the lending limit will further reduce lending losses." Wang chunying, a researcher at the online loan home research institute, said.

　　In the eyes of many people in the industry, the online loan filing rules will further aggravate the industry differentiation. For the national online lending institutions, it is not limited by the geographical location of lenders and borrowers, and its potential business scope is very wide; On the contrary, online lending institutions operating in a single provincial region can only match local funds to serve local borrowers, and the business volume and scope are greatly narrowed. The development prospect of national pilot institutions is much higher than that of regional institutions.

　　At the same time, Zhang Yexia said that the lenders and borrowers of new matchmaking business in the place where a single provincial-level regional operating institution operates must remain in the same provincial-level region as the place where the online lending institution is registered, which may trigger a wave of platform migration, only in the regional operation. The platform will reconsider the filing place.

　　In addition, for platforms that cannot complete filing, they can also guide institutions to transform into online small loans, consumer finance companies, or other licensed financial institutions. However, in Ai Yawen’s view, in addition to continuing to file for rectification, if the platform does not have absolute resource advantages, the transformation is of little significance. Small-scale online lending platforms with insufficient background strength are generally weak in operational capacity, poor in comprehensive anti-risk ability and not optimistic in profitability.

　　According to the key monitoring data of Rong 360 Data Research Institute, as of the end of March this year, there were 1,047 online lending platforms operating normally in China, with at least 300 registered funds less than 50 million yuan, and 245 outstanding ones less than 100 million yuan. Some of them have suspended bidding and even become "zombie platforms" (no new bidding will be issued for three months).

　　Strengthen investor protection

　　In order to better protect investors, according to the current plan, the number of creditor’s rights transfers between lenders of the same online lending platform shall not exceed three times, and creditors of different online lending platforms shall not transfer creditor’s rights; Online lending institutions shall not carry out automatic bidding and other entrusted bidding business; The lending balance of natural person lenders in the same online lending institution shall not exceed 200,000 yuan, and the total lending balance in different online lending institutions shall not exceed 500,000 yuan.

　　"This is to control the risk of online lending within a certain range and reduce the harm of risk events to lenders." Zhang Yexia said, but some detailed requirements need to be further explained. Take the lender’s identity authentication method as an example. For the online lending institutions operating in a single provincial region, the lenders and borrowers who have newly added matching business must remain at the same provincial level as the online lending institutions’ registration places, and the ways to confirm the lender’s identity need to be further clarified, such as referring to the ID number, the place where the mobile phone number belongs, and the login IP.

　　At the same time, in terms of the lender’s asset certification method, Zhang Yexia said that the asset certification needs to specify whether the lender needs to upload relevant certification materials and the form of certification materials, such as bank flow, income certificate, social security/provident fund payment record, and equity asset account balance. If uploading is needed, how to identify the authenticity of the certification materials by the platform is also a major problem for testing online lending institutions. At the same time, the issuance and uploading of certification materials may also cause poor lending experience of online lending platforms.

　　In addition, Sack Research Institute believes that under normal circumstances, the less investment, the weaker the risk tolerance of users. Online lending has high risks, so we should set a threshold for qualified investors and raise the initial investment limit.

　　Although officials and scientists have voiced their voices and made it clear that the idea of linking the new coronavirus with 5G is "complete nonsense", it does not seem to prevent rumors from continuing to be sought after.

　　The latest news is that after Britain, there have also been incidents in the Netherlands where 5G signal towers were set on fire and vandalized. Some people even planned to hold a larger-scale protest against 5G on Easter on April 12th through social media.

　　Some British mobile operators said that under the influence of conspiracy theories, some telecom employees have been threatened.

　　one

　　On April 10th, local time, the signal tower in the northern Dutch city of Groningen was set on fire.

　　According to Dutch media reports, at least six signal towers were set on fire and destroyed. In the past week, there have been four similar incidents in the Netherlands.

　　In Europe, similar incidents appeared in Britain earlier.

　　On April 2, local time, a 21-meter-high mobile signal tower in Birmingham, England was set on fire, and firefighters put out the fire after two hours. The next day, a 5G signal tower in Merseyside was also set on fire … …

　　The Guardian reported that at least 20 cell phone base towers were deliberately set on fire or vandalized.

　　In this regard, the British Broadcasting Corporation (BBC) said that two consecutive incidents of burning mobile signal towers coincided with the widespread spread of the "unfounded" conspiracy theory that "5G caused the spread of Covid-19".

　　The British "Daily Mail" bluntly said that these incidents were related to the rumor that "5G network spread Covid-19".

　　In fact, there are not a few people who believe and spread the rumor that "5G leads to Covid-19" on social networks in Europe and America, and even many celebrities participate in it.

　　In response to various rumors since the outbreak, a research institute of Oxford University found that 20% of Covid-19 rumors were spread by celebrities or politicians, and their content published on social media accounted for nearly 70% of the total content published.

　　As you can imagine, once the star politicians with hundreds of millions of fans spread rumors, their "influence" is equally huge.

　　two

　　Tracing back to the origin of this absurd statement, it may first come from a health summit held in Arizona on March 12th, USA, in which a doctor named Thomas Cowen claimed that 5G caused the spread of Covid-19.

　　He even argued that there was no outbreak in Africa because there was no 5G there.

　　This rumor has been widely circulated in the United States, forwarded by many celebrities and spread to more western countries.

　　With the increase of confirmed cases in Africa, this statement was quickly "slapped". However, the spread of this conspiracy theory by foreign social media has not stopped, and many statements have been deduced … …

　　Rumors are flying all over the sky, which also makes some people smell business opportunities.

　　A British company claims that it has developed a product that can prevent 5G radiation and protect users from Covid-19. Each product costs as much as 350 pounds.

　　In this regard, the four major telecom operators in the UK issued a joint statement refuting the relevant statements, arguing that the conspiracy theory linking the 5G signal base station with the spread of Covid-19 is dangerous and false information, which is totally wrong.

　　The BBC’s "fact check" column also interviewed a number of scientists, clearly indicating that the idea of linking the new coronavirus with 5G is "complete nonsense", without any basis and biologically impossible.

　　British officials later came forward and pointed out that this "conspiracy theory" is completely nonsense.

　　three

　　In fact, anti-5G organizations have always existed abroad, but why is this reaction so fierce?

　　In this regard, some media articles pointed out that on the one hand, the COVID-19 epidemic spread, and related topics naturally attracted high attention; On the other hand, rumors can spread quickly, which also reflects the social panic behind them.

　　Christian Lindemeyer, a spokesman for the World Health Organization, once said that people should treat Covid-19 rationally and not panic.

　　But it is easier said than done. In reality, many people hold the attitude of "believing what is there, not believing what is not" to some rumors, and intentionally or unintentionally become the disseminators of rumors.

　　As this newspaper has reported before, every time a disaster or major public health incident breaks out, there will be irrational behaviors caused by various rumors:

　　Net-transmitted granite can prevent Covid-19 from being infected, causing netizens to rush to buy it; Others believe that drinking alcohol can prevent the virus … …

　　Fortunately, many social media have recognized the harm caused by the spread of related rumors and taken action.

　　Facebook said it would delete those remarks that "may cause harm to the real world" and would check the authenticity of other related remarks.

　　YouTube, a video website, also said that videos linking 5G and COVID-19 would be removed because they "quoted unconfirmed medical content".

　　Disaster can test human nature best. What is more terrible than the spread of the virus is the layers of fermentation of false information and the rapid spread of panic.

　　As WHO Director-General Tedros Adhanom Ghebreyesus said, in the global fight against the COVID-19 epidemic, "facts are needed, not fears", "science is needed, not rumors" and "unity is needed, not stigma".

　　Obviously, the campaign against false information and rumors is equally important in the global fight against the COVID-19 epidemic.

　　Cctv newsOn July 9th, the State Council and the Treasury Department of the United States announced that they would impose sanctions on a Xinjiang, China government agency and four officials according to the domestic laws of the United States. In response, Zhao Lijian, spokesman of China’s Ministry of Foreign Affairs, expressed firm opposition and strong condemnation at today’s (10th) press conference, and announced that reciprocal measures would be taken against relevant American institutions and individuals who behaved badly on Xinjiang-related issues.

　　Foreign Ministry Spokesperson Zhao LijianThe above-mentioned actions of the US side seriously interfere in China’s internal affairs, seriously violate the basic norms of international relations and seriously damage Sino-US relations. China resolutely opposes this and strongly condemns it. In response to the wrong actions of the United States, China decided to take reciprocal measures against relevant American institutions and individuals who behaved badly on Xinjiang-related issues. Xinjiang affairs are purely China’s internal affairs, and the US has no power and is not qualified to interfere.

　　Zhao Lijian emphasized that the China government is determined to defend the interests of national sovereignty, security and development, to crack down on violent, separatist and religious extremist forces, and to oppose any external interference in Xinjiang affairs and China’s internal affairs.

　　Foreign Ministry Spokesperson Zhao LijianWe urge the US to immediately revoke the wrong decision and stop any words and deeds that interfere in China’s internal affairs and harm China’s interests. If the US persists in its actions, China will resolutely fight back.

The total retail sales of social consumer goods increased by 5.8% year-on-year, and the catering revenue increased by 13.9% … The consumption data in the first quarter showed that with the implementation of a series of policies to promote consumption, consumption scenarios continued to expand and consumption expectations continued to improve, which led to a marked rebound in market sales, a steady improvement in service consumption, and an overall recovery in consumption.

The pulling effect is remarkable

The contribution rate of final consumption to economic growth reached 66.6%, which was significantly higher than last year.

The third China International Consumer Goods Expo held recently in Haikou, Hainan, is a window to observe China’s economy.

This year’s Consumer Expo, the exhibition area increased by 20% compared with the previous one, bringing together more than 3,300 consumer boutique brands from 65 countries and regions, with more than 50,000 buyers and professional visitors … The number of participating brands, the number of new products released and the total number of visitors all reached new highs.

Statistics from the National Bureau of Statistics show that consumption growth rebounded significantly in the first quarter. The total retail sales of social consumer goods was 11,492.2 billion yuan, a year-on-year increase of 5.8%. According to the location of business units, the retail sales of urban consumer goods was 9,966.4 billion yuan, a year-on-year increase of 5.7%; The retail sales of rural consumer goods reached 1,525.8 billion yuan, a year-on-year increase of 6.2%.

"In the first quarter of this year, the total retail sales of consumer goods increased by 5.8% year-on-year, which was significantly higher than that in the fourth quarter of last year; In March, the total retail sales of social consumer goods increased by 10.6% year-on-year, and the growth rate was 7.1 percentage points faster than that in January-February. All these indicate that consumption is gradually picking up and improving. " Hong Yong, an associate researcher at the Research Institute of the Ministry of Commerce, said.

"There are many factors for the recovery of consumption." Hong Yong believes that since the beginning of this year, policies to promote consumption have been introduced one after another, and the employment situation has been generally stable, laying a solid foundation for the steady recovery of residents’ income and consumption. In the first quarter, the per capita disposable income of the national residents was 10,870 yuan, a nominal increase of 5.1% over the same period of last year, and a real increase of 3.8% after deducting the price factor, which was 0.1 and 0.9 percentage points faster than that of the whole year of last year respectively.

The pulling effect of consumption on economic growth has been significantly enhanced. In the first quarter, the contribution rate of final consumption to economic growth reached 66.6%, which was significantly higher than that of last year, and it was the most important factor driving economic growth among the three major demands.

Long-term good prospects

China is in the stage of rapid consumption upgrading, and new scenes and models are constantly emerging.

"China’s consumer demand is more diversified and personalized. Only by developing more new products can we better meet consumer demand." At the Expo, the relevant person in charge of Holland (China) Dairy Group told the reporter.

The concentrated appearance of new products at the Expo reflects the new trend of consumption upgrading in China. "Judging from the consumption data in the first quarter, China’s consumer market has resumed growth, and the characteristics of strong consumption resilience, great potential and full vitality have not changed. The fundamentals of long-term improvement in consumption development have not changed, and the general trend of upgrading consumption has not changed." Zhang Jixing, deputy director of the market research department of the China Council for the Promotion of International Trade, said.

Commodity sales rose steadily. With the gradual release of residents’ consumption potential, the growth of upgrading consumption has accelerated, and the consumption of basic life has continued to grow. In the first quarter, the retail sales of goods increased by 4.9% year-on-year. Nearly 70% of the retail sales of 18 categories of commodities above designated size increased year-on-year, among which the retail sales of basic life commodities such as grain, oil and food, clothing, shoes, hats, needles and textiles increased by 7.5% and 9% respectively. The retail sales of upgraded commodities such as gold, silver, jewelry and cosmetics increased by 13.6% and 5.9% respectively.

Online and offline consumption growth has accelerated. With the improvement of market circulation, online consumption continues to improve. In the first quarter, the online retail sales of physical goods increased by 7.3% year-on-year, and continued to maintain rapid growth. At the same time, with the recovery of offline consumption scenes, the retail of physical stores has gradually improved. In the first quarter, the retail sales of retail stores above designated size increased by 3.6% year-on-year, and the growth rate was 3.2 percentage points faster than that in January-February.

"Residents’ propensity to consume is also rising, which means that the expectation of consumption recovery will continue to improve." Zhang Jixing said that with the stabilization and recovery of the economy, the gradual improvement of the employment situation and the increasing consumption scenarios, residents’ consumer confidence has improved, driving the average consumption tendency to rise. In the first quarter, the average consumption tendency of the national residents was 62%, an increase of 0.2 percentage points over the same period of last year.

Zhang Jixing believes that considering all factors, the role of consumption as the "main engine" of economic growth is expected to be further enhanced. On the one hand, employment has gradually improved, and the national urban survey unemployment rate dropped significantly in March, which is conducive to increasing residents’ income and enhancing their spending power. At the same time, new consumption scenes and new models are constantly emerging, which is conducive to stimulating new consumption willingness. From the perspective of medium and long-term development, China is in the stage of rapid upgrading of consumption, and the consumption prospect is promising for a long time.

Supply and demand work together

Residents’ contact consumption such as catering, entertainment and tourism continued to pick up.

"It feels good to be able to enjoy flowers and experience traditional culture." Hao Wei, a citizen who came to visit a thousand acres of rape flower viewing field in Niulou Town, Yanzhou District, Jining, Shandong Province, said. Many theme activities, such as "poetry exhibition" and "immersive stage play", have enhanced the sense of participation and experience of the tour, and tourists come to enjoy the flowers and view the scenery in an endless stream.

The local government will vigorously develop "flower sightseeing+rural tourism" and create new products and models of rural tourism that promote agricultural experience, parent-child interaction and leisure sightseeing, so as to better meet the needs of tourists and boost rural revitalization.

The data shows that China’s service consumption, including tourism, has rebounded significantly. In the first quarter, residents’ contact consumption such as catering, entertainment and tourism increased rapidly. The national catering revenue was 1,213.6 billion yuan, a year-on-year increase of 13.9%. From the per capita situation of residents, in the first quarter, the per capita service consumption expenditure of the national residents increased by 6.2% year-on-year, which was obviously faster than the per capita consumption expenditure of all residents.

Tourism demand is still picking up. According to the data of the Ministry of Culture and Tourism, on the holiday day in Tomb-Sweeping Day this year, there were 23,766,400 domestic tourists, an increase of 22.7% compared with that in Tomb-Sweeping Day last year. According to the data of online travel platform, the demand for domestic long-distance travel and outbound travel increased significantly during the May 1 holiday this year.

According to the data of the US Mission and public comments, as of April 10th, the booking volume of domestic accommodation, transportation and scenic spots tickets during the May 1st holiday increased by about 200% compared with the same period in 2019. According to the data of Tuniu Travel Network, during the "May 1" holiday, the number of domestic long-distance travel and outbound travel bookings accounted for 56% and 15% respectively; Booking for local tours and Zhou Bianyou continued to accelerate.

"The current rapid warming of the cultural tourism market is the result of the joint efforts of both supply and demand." Wu Ruoshan, deputy director of the Cultural Tourism Policy Research Center of China Institute of Labor Relations, believes that various localities and departments have successively introduced relevant measures and introduced policies such as preferential tickets for scenic spots, which has effectively promoted the release of tourism consumption demand. On the supply side, new technologies such as deep integration of cultural tourism and digitalization have been accelerated in the field of tourism, which has spawned more popular cultural tourism integration products and smart tourism products.

"The direction of the rapid upgrading of cultural tourism consumption has not changed, the huge potential of market development has not changed, and the trend of high-quality development of the industry has not changed. With the implementation of various policies and the continuous improvement of tourism supply level, the potential and vitality of China’s cultural tourism market will be further released, and the recovery trend of the tourism market will be further enhanced. " Wu Ruoshan said. (Reporter Kelly Shi Zhe Li Xinyi Sun Haitian)

The article was transferred from WeChat WeChat official account’s "Semiconductor Industry Watch" (ID: ICBank)

First, let’s take a look.Classification of chips:

Pictures fromWechat WeChat official account "semiconductor industry observation"

In daily life, we can find the types of chips, such as communication chips, artificial intelligence chips, LED chips, computer chips and so on.

Industrial chain of chipsHere’s the thing:

According to the industrial chain division, the core link of the chip from design to factory mainly includes six parts:

(1) Design softwareChip design software is a key tool for chip companies to design chip structures. At present, the structural design of chips mainly depends on EDA (Electronic Design Automation) software.

(2) instruction set systemFrom a technical point of view, the CPU is only a high collection of millions of small switches, without an efficient instruction set system, the chip can not run the operating system and software;

(3) Chip design, mainly connected to the interface of electronic products and services;

(4) Manufacturing equipment, that is, the equipment for producing chips;

(5) Round crystal OEMThe wafer foundry is the production workshop of chips from drawings to products, which determines the performance indexes such as nano-technology adopted by chips;

(6) Packaging test, which is the last link before the chip is sold, is mainly aimed at ensuring the quality of the product and has relatively low technical requirements.

Overall, inIn most industries such as instruction set and design, the status of China chip industry is very weak.There is a big gap between China and European and American chip industry enterprises. However, in the sectors with relatively low technical requirements, such as wafer foundry, packaging and testing, is expected to take the lead in rising and become a field that is expected to catch up with the world average.

Domestic chip industry chain and main manufacturers;

Image from: Southwest Securities Research Report

What are the leading players in each subdivision of the chip??

The leading memory chip design in China is Zhaoyi innovation;

The domestic GPU leader is Jing Jiawei;

Yangjie technology is the leader of semiconductor discrete devices in China;

SMIC is the leader of wafer foundry in mainland China;

Sanan Optoelectronics is the global leader in LED chips;

Silanwei is a domestic IDM quality enterprise;

North Huachuang is the leader of domestic semiconductor equipment;

Zhichun Technology is the only A-share high-purity process system integration supplier;

Jingrui Co., Ltd. is a leading enterprise in microelectronics chemicals in China;

Zhongke Shuguang is a leading enterprise in high performance computing in China;

Ziguang Guoxin is a listed company in the semiconductor industry under Ziguang Group, and is currently the leading supplier of integrated circuit chip design and system integration solutions in China.

Beijing Jun is the leading enterprise of embedded processor chips;

Zhongying electronics is a domestic high-quality IC design company;

Huiding Technology is a global leader in biometric chips;

Changdian technology is a domestic semiconductor packaging and testing leader;

In addition to the above leading sub-sectors worthy of further study, we can also pay attention to the investment targets of the National Integrated Circuit Industry Fund (referred to as the "Big Fund") in recent years. Please add WeChat WeChat official account: robotinfo Ma Yun is paying attention.

Everbright Securities summarized the investment targets of "big funds". As of January 19, 2018, big funds have become shareholders of more than 50 companies, involving 18 A-share companies and 3 Hong Kong stock companies. At present, the stock market value of big funds exceeds 20 billion yuan.

Here are some good A-share chip companies.

Zhaoyi innovation: domestic storage faucet

As a domestic storage leader, Zhaoyi Innovation ranks among the top three in the global Nor flash market, and with the withdrawal of Japanese and American companies, its market share continues to increase; The storage price keeps rising, and the company’s profitability is bright.

The company builds IDM storage industry chain. In October 2017, the company and Hefei Industrial Investment Holdings (Group) Co., Ltd. signed a cooperation agreement on memory research and development, and jointly carried out the research and development project of 12-inch wafer memory (including DRAM, etc.) with a process of 19nm memory, namely Hefei Changxin. At present, the research and development is progressing smoothly.

Jiangfeng Electronics: Domestic Target Tap

Ultra-high purity metal and sputtering target are one of the key materials in the production of VLSI. The company’s ultra-high purity metal sputtering target products have been applied to the cutting-edge manufacturing technology of world-renowned semiconductor manufacturers, achieving mass supply at the 16-nanometer technology node, successfully breaking the monopoly pattern of multinational companies in the United States and Japan, and also meeting the mass production demand of domestic manufacturers at the 28-nanometer technology node, filling the gap in China’s electronic materials industry.

The company cooperated with Garber in the CMP project in the United States, and won the first order for domestic CMP polishing pads in November 2017.

North Huachuang: the leader of domestic equipment

As the equipment leader, North Huachuang has benefited deeply from the current wave of wafer factory expansion. The company’s business covers integrated circuits, LEDs, photovoltaics and other fields, and many equipments have entered the 14-nanometer process.

The company’s product line covers seven core categories such as etcher, PVD, CVD, oxidation furnace, cleaning machine, diffusion furnace and MFC, and its downstream customers are mainly domestic first-tier fabs such as SMIC, Changjiang Storage and Huali Microelectronics.

Ziguang Guoxin: storage design+FPGA

The company is a leading memory chip design company in China. The layout of the company includes the acquisition of 51% equity of Xi ‘an Huaxin held by Shandong Huaxin, and the total shareholding has increased to 76%, achieving the goal of becoming the first echelon of domestic memory design. At present, the company’s newly developed DDR4 products are being verified and optimized. Recently, the company started to make efforts on FPGA.

Gaode infrared: infrared chip faucet

As the only manufacturer in China who has mastered the second-class superlattice focal plane detector technology, Gaode Infrared has successfully developed engineering products, which means that new breakthroughs have been achieved in blank areas such as photoelectric "anti-missile" and "anti-satellite". At the same time, the popularization and application of mass and low-cost core devices in the civil field has also established the competitive position of infrared chips made in China in the domestic and even international infrared industry.

SSE Information learned that in 2017, the company’s military orders were partially postponed due to the military reform, and the latest news is that the postponed orders will be resumed without affecting the new procurement plan for 2018.

Huatai Securities believes that vertical division of labor has become the development direction of the business model of the semiconductor industry. It is mainly composed of the following three parts: design, manufacture and sealing test. Revenue accounts for about 27%, 51% and 22% of the total sales revenue of the industrial chain respectively.

Chip design company

The top ten in China are Huawei Hisilicon, thunis Zhanrui, ZTE Microelectronics, Huada Semiconductor, Zhixin Microelectronics, Huiding Technology, Silanwei, Datang Semiconductor, Duntai Technology and Zhongxing Microelectronics.

Important companies:

First place: Haisi

There are a lot of HiSilicon processors and HiSilicon baseband chips in the Huawei mobile phones you use, and HiSilicon chips are also available in the smart TV and security system you bought. HiSilicon will be the largest chip design company in China for a long time, and will rise with the growth of Huawei Group in the future. Qualcomm, the world’s number one, earned $15.4 billion in 2016, 3.5 times that of Haisi.

Second place: Ziguang Zhanrui

Spreadtrum, founded after the merger of Rideco, is currently the largest supplier of Samsung mobile phone processors and baseband chips except its own products. The Samsung mobile phones you bought are mainly low-end series, and the chips inside are Ziguang Zhanrui.

Third place: ZTE Microelectronics

Mainly some chips used in our own communication equipment, and mobile phone chips are still purchased.

Fourth place: Huada Semiconductor

China Electronics and Information Industry Group Co., Ltd. (CEC) is a group company formed by integrating its integrated circuit enterprises. It has a large share in smart cards and security chips, smart card applications, analog circuits, new displays and other fields. At present, Huada Semiconductor has three listed companies, including A-share Shanghai Belling and Hong Kong stock company CLP Holdings and Jingmen Technology.

Fifth place: Zhixin Microelectronics

It is a wholly-owned subsidiary of State Grid Information Industry Group, covering three business directions: chip sensing, communication control and energy saving, and is committed to becoming a provider of high-end products, technologies, services and overall solutions with smart chips as the core.

Sixth place: Huiding Technology

Is a listed company, the company has achieved the second place in the field of fingerprint identification chips in the world, second only to AuthenTec, which provides fingerprint identification chips for Apple.

Seventh place: Silan Microelectronics

LED lighting driving IC is one of its main business income, and it also provides variable frequency motor control chips for home appliance enterprises.

Eighth place: Datang Semiconductor

Industrial layout with smart terminal chips, smart security chips and automotive electronic chips as the core.

Ninth place: Duntai Technology

Founded in the United States in 2005, it is committed to the research and development of man-machine interface solutions, providing the most competitive capacitive screen touch chip, TFT LCD display driver chip, touch display integrated single chip (IDC supporting embedded panel), fingerprint identification chip and pressure touch chip for mobile electronic devices.

Tenth place: Zhongxing Microelectronics

Occupy more than 60% of the global market share of computer image input chips. In 2005, Zhongxing Microelectronics was successfully listed on the NASDAQ stock market in the United States. At the beginning of 2016, Zhongxing Microelectronics launched the world’s first SVAC video codec SoC with integrated neural network processor (NPU), which enabled intelligent analysis results to be encoded with video data at the same time to form a structured video stream. This technology is widely used in video surveillance cameras, which opens a new era of intelligent security monitoring.

The key listed companies are: Ziguang Guoxin, Zhaoyi Innovation (Memory), Huiding Technology, Shilanwei (IDM), Datang Telecom, Quanzhi Technology, Zhongying Electronics (household appliances MCU, lithium battery, etc.), Beijing Junzheng, Apex, Fuhanwei, etc.

Chip manufacturing field

Similar to the panel industry, the manufacturing of semiconductor industry is an asset and technology-intensive industry, with large equipment demand, high technology content and high added value. The investment of a single factory is in the order of tens of billions. According to the data, a state-of-the-art 12-inch wafer production line needs to invest about 45 billion yuan, and TSMC’s 3-nanometer factory investment is expected to be 20 billion US dollars. Key listed companies are: SMIC, Hua Hong Semiconductor, etc.

Memory chip field

At present, the three major memory manufacturers in China are in the intensive construction stage. It is expected that they will enter the equipment installation stage in the first half of 2018, and a new round of equipment commissioning and installation drama will be staged soon.

Yangtze river storage:In March 2016, the national memory base with a total investment of about 160 billion yuan was launched in Wuhan. Four months later, Changjiang Storage Group was formally established, and Ziguang Group participated in the second phase of Changjiang Storage. According to Wuhan Xinxin, the registered capital of Changjiang Storage is invested in two phases. The first phase was jointly funded by the National IC Industry Investment Fund, Hubei Guoxin Industry Investment Fund and Hubei Science and Technology Investment Group, the shareholder of Wuhan Xinxin, and the Yangtze River Storage was established on the basis of Wuhan Xinxin IC Manufacturing Co., Ltd. (namely "Wuhan Xinxin"). The second phase will be jointly funded by Ziguang Group and the National Integrated Circuit Industry Investment Fund. Changjiang Storage will take chip manufacturing as a breakthrough, integrating memory product design, technology research and development, wafer production and testing, and sales. It is estimated that the monthly production capacity will be 300,000 pieces by 2020, and the monthly production capacity will be 1 million pieces by 2030.

Jinhua memory integrated circuit production project is located in the integrated circuit industrial park in Jinjiang, Quanzhou. It is jointly invested by Fujian Electronic Information Group and Quanzhou and Jinjiang governments. The total planned area is 594 mu, and the first phase investment is 37 billion yuan. The construction content includes wafer manufacturing and industrial chain support. It is estimated that the production scale of 60,000 12-inch advanced process memory wafers will be formed in September 2018. After the project is completed, it will fill the gap in the mainstream memory field in China. It is reported that as a key DRAM memory production project supported by the state, Jinhua Project has been included in the list of major projects in the national "Thirteenth Five-Year Plan" for major integrated circuit productivity layout planning, and has been supported by the national special construction fund.

Hefei changxinIs a memory project jointly developed by Beijing GigaDevice and Hefei Municipal Government. Invested 7.2 billion US dollars (about NT$ 216.646 billion) to build a 12-inch wafer factory to develop DRAM products. After completion in the future, it is estimated that the maximum monthly production will be as high as 125,000 chips.

Sealing and testing field

Key listed companies include: Changdian Technology (leading company), Huatian Technology (excellent financial indicators), Tongfu Microelectronics, Taiji Industry (DRAM sealing and testing, clean room), Shenzhen Technology, etc.

Integrated circuit equipment

There are only four wafer manufacturing equipment suppliers above designated size in China, accounting for 7%: according to the report of global wafer manufacturing equipment suppliers above designated size released by Gartner, there are 58 equipment companies in its statistical range, and China only holds 4 seats, namely North Huachuang, Zhongwei Semiconductor, Shengmei Semiconductor and Mattson (acquired by Yizhuang Guotou in 2016), and the others are located in Japan, 13 in the European Union, 10 in the United States, 7 in South Korea.

The key listed companies are: North Huachuang, a leader in high-end IC process equipment, Changchuan Technology, a leader in testing equipment (covering the whole field of manufacturing and packaging), and high-purity process leader to pure technology (lithography, etching, etc.), all of which use chemicals and special gases and have high requirements on purity. Pure technology is to control the purity of gas) and single crystal equipment leader Jingsheng electromechanical, etc.

semiconductor material

China’s semiconductor manufacturing materials industry maintained a sustained growth trend. In 2016, the sales revenue of semiconductor materials enterprises in China was 25.6 billion yuan. It is estimated that China will become the third largest market in the world after 2018. The localization of material supply chain is not only conducive to the control of manufacturing cost, rapid and timely response of service, safe and controllable technology, but also brings more industrial synergy benefits.

The key listed companies are: with the continuous breakthrough of reagent purification and transportation technology, the amount of wet electronic chemicals is relatively certain in a short period of time, and it is suggested to focus on domestic leading Jingrui Co., Ltd. and Jianghuawei; At present, the target material is the first sub-industry of semiconductor core industry chain in China, so it is suggested to focus on Jiangfeng Electronics, the domestic target leader. Large-size silicon wafer is also a relatively certain field in the future. It is suggested to pay attention to Shanghai Xinyang, a pioneer company that is already in the trial production certification stage. In addition, Nanda Optoelectronics in the field of photoresist and Dinglong shares in the field of CMP polishing pad are expected to take the lead in technological breakthroughs and realize import substitution at an early date.

　　Zhangzhou, China, April 15 (Reporter Bai Jiege) According to the Voice of China report, people who have played real CS are no strangers to simulation guns. However, a Fujian teenager never imagined that an online shopping brought him jail. Two years ago, 18-year-old Xiao Liu bought 24 "simulation guns" online from a seller in Taiwan Province, but they were seized by the customs. After identification, 20 of them turned out to be guns.

　　In August 2014, he was sentenced to life imprisonment for the crime of smuggling weapons. The court held that buying and selling simulation guns was prohibited by law, and the smuggled simulation guns were identified as guns, which constituted the crime of smuggling weapons, and the circumstances were particularly serious.

　　Although it is final, lawyers believe that the details of the purchase link are still controversial. This week, the Higher People’s Court of Fujian Province has filed a case for review. So, how did the simulation gun become a real gun?

　　The last time Ms. Hu saw her son Xiao Liu was on March 20th this year. She visited Zhangzhou Prison in Fujian once a month. Ms. Hu said that he was very pessimistic. He always feels that he has been sentenced to life imprisonment, and no matter how good his performance is, he will be about our age.

　　In 2014, at the age of 18, Xiao Liu bought 24 "BB guns for survival games" from a seller in Taiwan Province through the Internet in his hometown in Sichuan, with a total price of 30,540 yuan.

　　Ms. Hu said that she knew that he had discussed with herself, "He likes to play this game. We also told him at that time, so just buy one or two, not so many. He told us that if one or two were delivered in Taiwan Province, it would take 30,000 yuan to deliver the goods."

　　Xiao Liu didn’t get these guns, but waited for the customs staff at home: "The money was later returned. I heard that the seller told my son that this thing was detained by the customs and I will return the money to you." Ms. Hu said that it took more than a month from buying things to returning money, and it took more than half a month for people who came to the customs to go home.

　　Ms. Hu said that at first they didn’t realize the seriousness of the problem: "Because they didn’t receive anything, they didn’t see anything. We think it may be closed at most and will be released in a few months. "

　　On September 29th, 2014, Xiao Liu was arrested on suspicion of smuggling weapons. On April 30 last year, he was sentenced to life imprisonment by the Intermediate People’s Court of Quanzhou City, Fujian Province for smuggling weapons. On August 25, the Higher People’s Court of Fujian Province rejected the appeal and upheld the original judgment.

　　Lawyer Xu Xin, a professor at Beijing Institute of Technology Law School, became Xiao Liu’s defender after this. Last November, he met with Xiao Liu: "His state is very bad, and he feels very wronged and incomprehensible. He said that he just had such a hobby, and he was suddenly sentenced, and it was life imprisonment. He felt that life was hopeless and desperate. "

　　Combined with the materials written by Xiao Liu, Xu Xin filed a plea of innocence with the Higher People’s Court of Fujian Province: the main reason for making a plea of innocence is very sufficient, because one of the biggest problems found in the process of studying this case is that it is very likely that his simulation gun was not bought by the party concerned.

　　Xu Xin said that the judgments in the first and second instance only proved that Xiao Liu was shopping with a seller named "Blue Sea and Blue Sky" and that a couple from Taiwan Province delivered goods to Xiao Liu, but it could not prove that the couple from Taiwan Province were "Blue Sea and Blue Sky": "The key problem is that the guns he bought are different from the guns he was detained at last. The biggest difference is that the four long guns he bought are all rechargeable, but all the detained guns are inflatable."

　　Xu Xin also questioned some evidence in the judgments of the first and second instance. He said that Xiao Liu only bought a toy gun, and there was no subjective intention and no harm: he bought a gun for his own fun and collection, and subjectively there was no criminal intention. And objectively, he didn’t commit a crime. He didn’t get the gun at all, and objectively, he didn’t receive it.

　　For a non-standard gun that can’t fire standard ammunition, it also looks like a gun. Is it a real gun or a simulation gun in law? In the "Regulations on Performance Appraisal of Firearms and Ammunition Involved by Public Security Organs" issued by the Ministry of Public Security of China in 2001, the judgment standard is to shoot with a dry pine board with a thickness of 25.4mm, and the muzzle is 1 meter away from the board. If the warhead penetrates this pine board, it is judged that this gun is enough to cause death; The bullet or shrapnel stuck on the pine board, which proves that the gun is enough to hurt people. The above two cases are identified as guns, that is, real guns. In 2010, the Ministry of Public Security revised the "Work Regulations", which did not mention the identification method of this experiment, but clearly stated that the muzzle specific kinetic energy of the projectile fired was greater than or equal to 1.8 Joule/cm2, and it was all recognized as a gun. In 2007, the related Standards for Identification of Simulation Guns and Criteria for Forensic Scientific Appraisal of Guns’ Injuries have already mentioned the demarcation value of 1.8 Joules/cm2, which is based on the fact that it can affect the most vulnerable part of human body — — Bare eyes cause minor injuries, but they cannot penetrate the skin.

　　The change of this standard has caused controversy. Xiao Liu’s defense lawyer Xu Xin said: "His case involves the biggest problem, and it is also the biggest motivation for me to pay attention to this case because it involves more and more ordinary people. Because of the current identification of China simulation gun, the standard for identifying it as a real gun is very low, that is, the muzzle specific kinetic energy is 1.8 Joule/cm2, which is equivalent to one-ninth of the standard in 2001, which is much lower than the old standard. Only one red dot can appear at close range, and the skin can’t be injured. "

　　According to the inquiry of Zhu Zhengfu, a member of Chinese People’s Political Consultative Conference, the standard for determining the lethality of firearms in Japan and Taiwan Province is 20 Joules/cm2, which is 11 times that of the current standard of China Ministry of Public Security. Therefore, guns that are legal toys in neighboring countries and regions will be identified as "guns with China characteristics" as soon as they enter the country, and the punishment for the relevant parties will be the same as the real gun case. Therefore, in the proposal of the National People’s Congress this year, Zhu Zhengfu proposed to re-examine the relevant gun identification standards.

　　In order to visit his son and complain about his case, Xiao Liu’s parents left their hometown in Sichuan and went to work in Fujian. Xiao Liu’s mother, Ms. Hu, said that they had been unable to contact the sellers in Taiwan Province after the incident. She learned this week that the Fujian Provincial High Court has filed a case review of Xiao Liu’s case.

　　Some media also quoted the relevant person in charge of the Fujian Provincial High Court to confirm this statement.

　　The State Council, the Central Committee of the Communist Party of China recently issued "Several Opinions on Improving the System and Mechanism of Promoting Consumption and Further Stimulating the Consumption Potential of Residents". The Opinions emphasize that in recent years, China has made remarkable achievements in expanding consumption scale, improving consumption level and improving consumption structure, but we should also see that the institutional and institutional obstacles that restrict consumption expansion and upgrading are still outstanding.

　　In order to improve the system and mechanism of promoting consumption and further stimulate the consumption potential of residents,The "Opinions" revolve aroundResidents’ food, clothing, housing and transportation, and the direction of upgrading service consumption have introduced many measures.

　　Build a more mature consumer market segment

　　The "Opinions" pointed out that it is necessary to break through the deep-seated institutional and institutional obstacles, adapt to the diversified consumption needs of residents at different levels, ensure the basic consumption economy, benefits and safety, cultivate the middle and high-end consumer market, and form a number of new consumption growth points with good development momentum and strong driving force.

　　Food, clothing and consumption

　　Strengthen guidance and supervision to ensure that market players provide safe and secure consumer goods.

　　Optimize the spatial layout of circulation facilities,Vigorously develop community businesses such as convenience stores and community greengrocers.To encourage the construction of a comprehensive service center for community life. Promote idle traditional commercial complexes to accelerate innovation and transformation, and promote the formation of a number of high-grade pedestrian streets through transformation and upgrading.Reasonable allocation of fitness, culture, pension and other service facilities in residential quarters.

　　Housing and transportation consumption

　　Vigorously develop the housing rental market, especially long-term rental.

　　Accelerate the legislation of housing leasing and protect the legitimate rights and interests of leasing stakeholders.We will strengthen the construction and transformation of urban water supply, sewage and garbage treatment, heating facilities in the northern region, and intensify the aging transformation of old urban communities by installing elevators.

　　Promote the optimization and upgrading of automobile consumption.

　　Encourage the development of a shared, economical and socialized automobile circulation system,Completely cancel the policy of restricting the movement of used cars.We will implement preferential fiscal and taxation policies such as exemption from vehicle purchase tax and purchase subsidies for new energy vehicles. Strengthen the construction of urban parking lots and charging facilities for new energy vehicles.

　　information consumption

　　Strengthen research and development of core technologies, accelerate product innovation and industrial upgrading, improve product quality and core competitiveness, and encourage and guide residents to expand consumption of related products.

　　Focus on the development of high-end mobile communication terminals, wearable devices, ultra-high-definition video terminals, smart home products and other new information products, as well as cutting-edge information consumption products such as virtual reality, augmented reality, smart cars and service robots.

　　green consumption

　　Establish a diversified supply system for green products, and enrich the production of green consumer goods such as energy-saving and water-saving products, resource recycling products, environmental protection products, green building materials and new energy vehicles.

　　Encourage the creation of green shopping malls, green hotels, green e-commerce and other circulation entities, and open up green product sales areas. Encourage qualified places to explore the development of green product consumption points system.

　　Promote the development of green transportation system and green postal service, and standardize the development of recycling industries of automobiles, household appliances and electronic products..　

　　Cultural tourism sports consumption

　　Properly grasp and handle the relationship between the attributes of cultural consumer goods and ideological attributes, promote the effective combination of inclusive and prudent supervision and open access, and strive to provide more excellent cultural products and quality cultural services.

　　Deepen the reform of the film distribution and projection mechanism. Improve the system and mechanism of legal circulation and trading of cultural relics. Improve the classified and open system in the fields of culture and Internet.

　　Carry out the creation of a global tourism demonstration zone. Promote the standardized development of theme parks, strengthen policy guidance for rural tourism, and improve the quality of rural tourism. Support the development of popular consumption of cruise ships, yachts, self-driving cars, caravans and general aviation, and strengthen the construction of relevant public supporting infrastructure.

　　Support social forces to hold international and domestic high-level sports events.Vigorously develop professional sports leagues. Promote the market-oriented operation of TV broadcasting of sports events.　　

　　Household consumption of healthy old-age care

　　On the premise of effectively guaranteeing basic medical and health services, support social forces to provide multi-level and diversified medical and health services.

　　Non-profit health service institutions run by social forces are treated equally with public institutions in land planning, municipal facilities, institutional access, talent introduction and practice environment.

　　Fully liberalize the old-age service market, further simplify the administrative examination and approval procedures, and promote the old-age service institutions to apply for "one-stop" services.Encourage social forces to participate in the reform of public pension service institutions. Improve the ways and means of government subsidies for the operation of old-age service institutions, and change from "making up bricks" and "making up beds" to "making up heads".

　　Guide the professional, large-scale, networked and standardized development of domestic service industry.Promote the establishment of domestic service credit system. Strengthen the implementation of job training in domestic service industry,Implement the pre-job health examination system.. accelerateHealth and beauty, family housekeeperSuch as the development of high-end life service industry.　

　　Education, training and child care consumption

　　Fully implement the party’s education policy, adhere to the correct direction of running schools, deepen the reform of the education system, and promote the opening of education to society and industry.

　　Vigorously support social forces to organize education and training institutions that meet diverse educational needs and are conducive to the overall and healthy development of individuals’ body and mind., developStudy tours, practice camps and special coursesAnd other educational service products. We will promptly revise the implementation regulations of the Private Education Promotion Law,Improve the classified registration management system of private education. Guide social forces to hold inclusive kindergartens and child care institutions in accordance with the requirements of the norms. Correct all kinds of educational and training activities that aim at utilitarianism and encourage the tendency of advanced education and exam-oriented education. Support foreign investors to set up non-academic vocational education and training institutions.

　　Create a safe and secure consumption environment

　　In terms of creating a safe and secure consumption environment, the Opinions put forward:

　　Strengthen the construction of credit system in the field of consumption

　　Relying on the national credit information sharing platform, establish a cross-regional cross-departmental cross-industry credit information sharing mechanism.,Provide the public with "one-stop" inquiry service of public credit information and early warning tips for consumption.

　　Improve the incentive mechanism of trustworthiness and disciplinary mechanism of dishonesty. Establish and improve the "red list" system of trustworthinessTo provide trustworthy enterprises with "green channels" for administrative examination and approval, reduce the frequency of supervision and other incentives, and provide trustworthy individuals with convenient services such as housing, transportation and travel.

　　Establish and improve the "blacklist" system of dishonesty, implement joint disciplinary measures such as market ban or limited service for untrustworthy subjects. Through the "Credit China" website and the national enterprise credit information publicity system, the information of "red list" and "blacklist" of trustworthiness is announced to the public.In the fields of food and medicine, which are related to the safety of people’s lives and property, we will intensify the crackdown on the sale of fake and shoddy products and impose punitive damages on market participants who infringe on consumers’ rights and interests according to law.

　　Improve the consumer rights protection mechanism

　　Further improve the function of the national 12315 Internet platform, unblock the channels for consumers to appeal, strengthen the administrative protection of consumers’ rights and interests, and establish a normalized consumer satisfaction survey and evaluation mechanism. Strengthen the judicial protection of online consumers’ rights and interests, and strengthen the construction of online cross-border consumer dispute resolution mechanism.Accelerate the legislation on personal information security and further strengthen the protection of consumers’ personal information.

　　Improve residents’ spending power and expectations

　　In terms of improving residents’ income and spending power, the Opinions put forward:

　　Improve the income distribution system that is conducive to improving residents’ spending power, increase the income of low-income groups, and expand middle-income groups.

　　Improve the macro-guidance system of enterprise wage distribution, promote collective wage negotiation according to law, and establish a wage determination mechanism and a normal growth mechanism that reflect the relationship between supply and demand in the human resources market and the economic benefits of enterprises.

　　We will improve the wage and subsidy system of government agencies and institutions, implement the distribution policy oriented to increasing knowledge value, expand the autonomy of income distribution in universities and research institutes, establish a system for investigating and comparing the wage levels of civil servants and equivalent personnel in enterprises, and promote the implementation of incentive plans for increasing income for key groups.Broaden the channels of residents’ labor income and property income.

　　Promote the implementation of the central adjustment system of the basic old-age insurance fund for enterprise employees. Establish and improve the basic medical and health system covering urban and rural residents.

　　Encourage qualified places to explore the establishment of a social assistance mode combining cash assistance, physical assistance and assistance services for low-income groups, verify the assistance standard according to the standard of meeting basic living needs, and dynamically adjust according to the price level.

　　Improve the consumption policy system and further study and formulate policies to encourage and guide residents’ consumption.

　　Promote consumption tax legislation.

　　We will promote the reform of personal income tax, reasonably raise the basic deduction standard of personal income tax, appropriately increase special additional deductions, and gradually establish a comprehensive and classified personal income tax system.

　　We will implement preferential tax policies for life services such as health, pension and housekeeping.

　　Further enhance the supporting role of finance in promoting consumption, encourage innovation in consumer finance, standardize the development of consumer credit, and grasp the relationship between maintaining the reasonable leverage level of residents and the reasonable growth of consumer credit.

　　Encourage insurance companies to provide financing and credit enhancement support for consumer credit under the premise of controllable risks.

　　We will intensify the implementation of land use policies in the fields of culture, tourism, sports, health, old-age care and home economics.

　　(This article Source: CCTV News Comprehensive Xinhuanet)

　　The key materials of liquid crystal industry include liquid crystal molecules, alignment agents, spacers, polarizers, etc., which are important components of flat panel display industry. With the popularity of consumer electronic products such as smart phones, tablet computers and televisions, the demand for LCD panels continues to grow, which has led to the prosperity of the upstream material market. China has become the world’s largest LCD panel production base, and the localization rate of key materials is constantly improving.

　　In the future, the key materials of LCD industry will face more intense market competition and technological innovation. With the rise of new display technologies such as OLED and Micro LED, suppliers of liquid crystal materials need to innovate constantly and develop a new generation of materials with higher performance and lower cost to maintain their market position. At the same time, stricter environmental regulations will also promote the development of materials in a greener and more sustainable direction.

　　Based on years of industry monitoring data, the Report on Investigation and Development Prospect of Key Materials Industry in China LCD Industry (2025-2031) systematically analyzes the market demand, market scale, industrial chain structure, price mechanism and market segment characteristics of key materials industry in LCD industry. The report objectively evaluates the market prospect of key materials in the LCD industry, predicts the development trend of key materials in the LCD industry, and explains the brand competition pattern, market concentration and the operation performance of key enterprises in detail. In addition, the report identified the opportunities and potential risks of the key materials industry in the LCD industry through SWOT analysis, provided scientific and standardized strategic suggestions for investors and decision makers, and helped to grasp the investment direction and development opportunities of the key materials industry in the LCD industry.

　　　　First, the global LCD industry pattern presents a monopoly situation

　　　　Second, the dynamic analysis of the key materials market in the world LCD industry

　　　　Third, investment in the global LCD industry continues to increase.

　　　　Four, the world’s major led display new technology progress

　　　　V. Global market share of large-size tft-lcd panels

　　　　First, the United States has developed new liquid crystal materials.

　　　　Second, Japan’s major LCD material manufacturers are competing to expand production

　　　　Third, South Korea’s LCD industry dominates the world

　　　　First, analysis of the policy of expanding domestic demand and maintaining growth

　　　　Second, China gdp analysis

　　　　Third, China exchange rate adjustment analysis

　　　　Fourth, China cpi index analysis

　　　　Five, China urban households per capita disposable income analysis.

　　　　I. Specification for mainstream dimensions of LCD screens for color TV sets

　　　　Second, the national tax exemption policy favors LCD.

　　　　Three, the state should introduce industrial policies to support the development of small and medium-sized LCD.

　　　　Fourth, the national policy of going to the countryside supports LCD TV to start the rural popularization war

　　　　Fifth, the China market raised the starting gun and the government pushed the LCD high-generation line.

　　　　First, a variety of new led technologies have made progress. ccfl will be replaced by led.

　　　　Second, the new technology of fpga makes LCD enter hdtv market.

　　　　1. BOE invested an additional 700 million yuan in the 6th generation LCD line in Hefei.

　　　　Second, tcl LCD flat-panel TV Chengdu project signed.

　　　　Third, Konka LCD module started to build the China version of the flat aircraft carrier.

　　　　Fourth, Samsung seamless LCD splicing ut series officially mass-produced

　　　　First, the rapid development of the LCD industry needs to be improved.

　　　　Second, the LCD industry in China ushered in a leap-forward development.

　　　　Third, cross-strait LCD industry cooperation heats up

　　　　Four, rainbow glass substrate "out of the oven" liquid crystal industry accelerated upgrading

　　　　Five, the LCD industry into the era of low profits.

　　　　First, the mass production of lgd eighth-generation LCD panel production line affects the industrial pattern

　　　　Second, Konka joined the Module Corps to extend the LCD industry chain

　　　　Third, the primary and secondary LCD market has entered a mature stage.

　　　　4. The annual output of tcl’s first LCD module will reach 2.33 million pieces.

　　　　First, the market share of foreign brands will continue to rise.

　　　　Second, local brands will usher in a new round of reshuffle.

　　　　Third, the channel analysis of domestic brands in first-and second-tier cities due to the strong expansion of large chains

　　　　First, the global LCD panel overproduction

　　　　Second, the current situation of LCD panel industry

　　　　Third, the LCD panel industry investment accelerated to gather in the Yangtze River Delta region

　　　　Fourth, the new impulse of China LCD panel industry

　　　　I. Introduction of LCD TV panels of various brands

　　　　Second, the reasons for the general price increase of LCD panels

　　　　Three, LCD TV panel technology classification

　　　　First, Sony Samsung invested $1.9 billion to build a new LCD panel production line.

　　　　Second, South China will have the first large-size LCD panel production line.

　　　　1. tcl raised 900 million yuan to upgrade LCD modules.

　　　　Second, the pace of finished LCD backlight technology has accelerated.

　　　　First, the advantages of led as LCD backlight

　　　　Second, the demand for large-size backlight modules has surged

　　　　Third, supply and demand analysis of small and medium-sized backlight modules

　　　　Fourth, the temperature rise of lcd TV leads to the rapid growth of large-size LCD backlight module

　　　　I. Jingmen Technology

　　　　Second, SMIC

　　　　Third, Shanghai TSMC

　　　　Fourth, Wuxi Huajing

　　　　I. Specifications of each generation line of lcd glass substrate

　　　　Two, Rainbow three 5th generation glass substrate lines are scheduled to be completed next year.

　　　　Third, China Building Materials Group broke through the LCD glass substrate project.

　　　　Four, Zhengzhou will build three LCD glass substrate lines.

　　　　Fifth, the demand for glass substrates above the 6th generation reaches 54%.

　　　　VI. Prospect of Liquid Crystal Glass Substrate

　　　　I. tft-lcd color filter

　　　　Second, cstn color filter

　　　　Iii. Investigation of color filter manufacturers for cstn/tft

　　　　I. Introduction of Polarizer

　　　　Second, the global polarizer output value analysis

　　　　Iii. Analysis of the market demand for polarizers

　　　　Third, research and analysis of key manufacturers

　　　　I. Overview of ito glass

　　　　Second, the supply and demand analysis of ito glass market

　　　　Three, Bengbu City has become the base of glass and glass deep processing in Anhui Province.

　　　　Iii. Introduction of major tn/stn-ito conductive glass manufacturers in Chinese mainland.

　　　　I. Photoresist

　　　　Second, the color photoresist glue

　　　　III. Mask/Mask Plate

　　　　Iv. pi oriented film

　　　　V. Pad powder

　　　　Sixth, ito target material

　　　　Seven, diluent

　　　　Eight, high purity chemical excipients

　　　　Nine, electronic special gas

　　　　X. Auxiliary materials for lcm

　　　　First, the competition in the LCD market is fierce, and foreign capital and domestic strong pk

　　　　Second, China LCD game Japan and South Korea

　　　　First, the abacus of "China Picture Tube" covets the middle and upper reaches of the LCD industry chain

　　　　Second, five cities in the Pearl River Delta "compete" for the LCD panel 7.5 generation line

　　　　Third, the LCD panel "Beijing-Shanghai dispute" is deduced against the market

　　　　Fourth, the LCD boss Sharp plans to transfer the production line to China.

　　　　Five, x9 pilot LCD industry value war

　　　　I. Basic information of the company

　　　　Second, the main economic indicators of enterprises

　　　　I. Basic information of the company

　　　　Second, the main economic indicators of enterprises

　　　　I. Basic information of the company

　　　　Second, the main economic indicators of enterprises

　　　　I. Basic information of the company

　　　　Second, the main economic indicators of enterprises

　　　　I. Basic information of the company

　　　　Second, the main economic indicators of enterprises

　　　　I. Basic information of the company

　　　　Second, the main economic indicators of enterprises

　　　　I. Basic information of the company

　　　　Second, the main economic indicators of enterprises

　　　　I. Basic information of the company

　　　　Second, the main economic indicators of enterprises

　　　　I. Basic information of the company

　　　　Second, the main economic indicators of enterprises

　　　　I. Basic information of the company

　　　　Second, the main economic indicators of enterprises

　　　　I. Basic information of the company

　　　　Second, the main economic indicators of enterprises

　　　　I. Basic information of the company

　　　　Second, the main economic indicators of enterprises

　　　　I. Basic information of the company

　　　　Second, the main economic indicators of enterprises

　　　　I. Basic information of the company

　　　　Second, the main economic indicators of enterprises

　　　　I. Basic information of the company

　　　　Second, the main economic indicators of enterprises

　　　　I. Basic information of the company

　　　　Second, the main economic indicators of enterprises

　　　　I. Basic information of the company

　　　　Second, the main economic indicators of enterprises

　　　　I. Basic information of the company

　　　　Second, the main economic indicators of enterprises

　　　　I. Basic information of the company

　　　　Second, the main economic indicators of enterprises

　　　　First, ccfl price analysis

　　　　Second, the situation of local enterprises in Chinese mainland entering ccfl industry

　　　　Third, the analysis of the opportunities for various lamp source technologies to compete for lcd-tv in the future

　　　　1. Global/Chinese mainland light guide plate market analysis and future trend

　　　　Second, the classification of light guide plate

　　　　Third, the diffusion membrane

　　　　Fourth, the diffusion membrane market analysis

　　　　V. Forecast of future trend of diffusion membrane materials market

　　　　First, the diffusion plate market analysis

　　　　Second, the reflectsheet.

　　　　3. Brightening/Anti-Brightening Film (bef/dbef)

　　　　Fourth, the prism market size analysis

　　　　V. Process and technology development of prism sheet entrants

　　　　1. Prospect of LCD industry in China

　　　　Second, the LCD panel industry in China has broad prospects.

　　　　Third, the market prospect of tft liquid crystal materials is huge.

　　　　First, the three development trends of LCD TV in China

　　　　Second, the future development direction of LCD TV

　　　　Third, the development trend of led backlight module

　　　　I. Forecast and Analysis of the Supply and Demand Situation of the Unproduced Liquid Crystal Materials Market

　　　　Second, the future LCD market forecast and analysis

　　　　Three, the future LCD TV production forecast and analysis

　　　　First, the EU intends to ban the sale of plasma TV opportunities.

　　　　Second, investment opportunities for liquid crystal display devices

　　　　Third, the characteristics of LCD panel industry highlight the opportunities of China enterprises

　　　　First, macro-control policy risks

　　　　Second, the market competition risk

　　　　Third, raw material supply risk

　　　　Fourth, the risk of market operation mechanism

　　　　First, the impact of the COVID-19 epidemic on the industry

　　　　Second, the impact period forecast analysis

Chart catalogue

　　Chart 1 Global Large-size TFTLCD Panel Capacity Change and Forecast Analysis from 2020 to 2025

　　Chart 2 The change and forecast analysis of the global large-size TFTLCD panel’s production capacity in different geographical regions from 2020 to 2025.

　　Chart 3 Preliminary accounting data of GDP in 2014

　　Chart 42014 GDP ring-on-ring and year-on-year growth rate

　　Chart 5 Preliminary accounting data of GDP in the first four quarters of 2015

　　Chart 6 GDP growth rate in the fourth quarter of 2015 compared with the same period last year

　　Chart 7 National Consumer Price Rise and Fall from 2020 to 2025

　　Chart 8 Price Changes of Pork, Beef and Mutton from 2020 to 2025

　　Chart 9 Price Changes of Fresh Vegetables and Fruits from 2020 to 2025

　　Chart 11 December 2015 Consumer price categories rose and fell month on month.

　　Chart 12 Main data of consumer price in December 2015

　　Chart 13 Distribution of Global Major Driver IC Manufacturers

　　Chart 14 Analysis of global polarizer output value from 2020 to 2025

　　Chart 15 Analysis of Key Materials Cost Composition of 15lcd

　　Table 16 Changes of asset-liability ratio of LG Philips LCD (Nanjing) Co., Ltd. in recent 4 years

　　Chart 17 Changes of asset-liability ratio of LG Philips Liquid Crystal Display (Nanjing) Co., Ltd. in recent 3 years

　　Table 18 Changes of property rights ratio of LG Philips Liquid Crystal Display (Nanjing) Co., Ltd. in recent 4 years

　　Chart 19 Changes of property rights ratio of LG Philips Liquid Crystal Display (Nanjing) Co., Ltd. in recent 3 years

　　Table 20 Turnover Times of Fixed Assets of LG Philips Liquid Crystal Display (Nanjing) Co., Ltd. in Recent 4 years

　　Chart 21 Turnover times of fixed assets of LG Philips Liquid Crystal Display (Nanjing) Co., Ltd. in recent 3 years.

　　Table 22 Changes of turnover times of current assets of LG Philips Liquid Crystal Display (Nanjing) Co., Ltd. in recent 4 years

　　Chart 23 Changes of turnover times of current assets of LG Philips Liquid Crystal Display (Nanjing) Co., Ltd. in recent 3 years

　　Table 24 Changes of total assets turnover times of LG Philips Liquid Crystal Display (Nanjing) Co., Ltd. in recent 4 years

　　Chart 25 Changes of total assets turnover times of LG Philips Liquid Crystal Display (Nanjing) Co., Ltd. in recent 3 years

　　Table 26 Changes of sales gross profit margin of LG Philips Liquid Crystal Display (Nanjing) Co., Ltd. in recent 4 years

　　Chart 27 Changes of sales gross profit margin of LG Philips LCD (Nanjing) Co., Ltd. in recent 3 years.

　　Table 28 Changes of asset-liability ratio of Dongguan Samsung Vision Co., Ltd. in recent 4 years

　　Chart 29 Changes of asset-liability ratio of Dongguan Samsung Vision Co., Ltd. in recent 3 years

　　Table 30 Changes of property rights ratio of Dongguan Samsung Vision Co., Ltd. in recent 4 years

　　Chart 31 Changes of property rights ratio of Dongguan Samsung Vision Co., Ltd. in recent 3 years

　　Table 32 Turnover Times of Fixed Assets of Dongguan Samsung Vision Co., Ltd. in Recent 4 years

　　Chart 33 Turnover times of fixed assets of Dongguan Samsung Vision Co., Ltd. in recent 3 years

　　Table 34 Changes of turnover times of current assets of Dongguan Samsung Vision Co., Ltd. in recent 4 years

　　Chart 35 Changes of turnover times of current assets of Dongguan Samsung Vision Co., Ltd. in recent 3 years

　　Table 36 Changes of total assets turnover times of Dongguan Samsung Vision Co., Ltd. in recent 4 years

　　Chart 37 Changes of total assets turnover times of Dongguan Samsung Vision Co., Ltd. in recent 3 years

　　Table 38 Changes of gross sales margin of Dongguan Samsung Vision Co., Ltd. in recent 4 years

　　Chart 39 Changes of gross sales margin of Dongguan Samsung Vision Co., Ltd. in recent 3 years

　　Table 40 Changes of asset-liability ratio of Nanjing Sharp Electronics Co., Ltd. in recent 4 years

　　Chart 41 Changes of asset-liability ratio of Nanjing Sharp Electronics Co., Ltd. in recent 3 years

　　Table 42 Changes of property rights ratio of Nanjing Sharp Electronics Co., Ltd. in recent 4 years

　　Chart 43 Changes of property rights ratio of Nanjing Sharp Electronics Co., Ltd. in recent 3 years

　　Table 44 turnover times of fixed assets of Nanjing Sharp Electronics Co., Ltd. in recent 4 years

　　Chart 45 turnover times of fixed assets of Nanjing Sharp Electronics Co., Ltd. in recent 3 years

　　Table 46 Changes of turnover times of current assets of Nanjing Sharp Electronics Co., Ltd. in recent 4 years

　　Chart 47 Changes of turnover times of current assets of Nanjing Sharp Electronics Co., Ltd. in recent 3 years

　　Table 48 Changes of turnover times of total assets of Nanjing Sharp Electronics Co., Ltd. in recent 4 years

　　Chart 49 Changes of total assets turnover times of Nanjing Sharp Electronics Co., Ltd. in recent 3 years

　　Table 50 Changes of sales gross profit margin of Nanjing Sharp Electronics Co., Ltd. in recent 4 years

　　Chart 51 Changes of sales gross profit margin of Nanjing Sharp Electronics Co., Ltd. in recent 3 years

　　Table 52 Changes of asset-liability ratio of Ningbo Chimei Electronics Co., Ltd. in recent 4 years

　　Chart 53 Changes of asset-liability ratio of Ningbo Chimei Electronics Co., Ltd. in recent 3 years

　　Table 54 Changes of property rights ratio of Ningbo Chimei Electronics Co., Ltd. in recent 4 years

　　Chart 55 Changes of property rights ratio of Ningbo Chimei Electronics Co., Ltd. in recent 3 years

　　Table 56 Turnover Times of Fixed Assets of Ningbo Chimei Electronics Co., Ltd. in Recent 4 years

　　Chart 57 Turnover Times of Fixed Assets of Ningbo Chimei Electronics Co., Ltd. in Recent 3 years

　　Table 58 Changes of turnover times of current assets of Ningbo Chimei Electronics Co., Ltd. in recent 4 years

　　Chart 59 Changes of turnover times of current assets of Ningbo Chimei Electronics Co., Ltd. in recent 3 years

　　Table 60 Changes of total assets turnover times of Ningbo Chimei Electronics Co., Ltd. in recent 4 years

　　Chart 61 Changes of total assets turnover times of Ningbo Chimei Electronics Co., Ltd. in recent 3 years

　　Table 62 Changes of sales gross profit margin of Ningbo Chimei Electronics Co., Ltd. in recent 4 years

　　Chart 63 Changes of sales gross profit margin of Ningbo Chimei Electronics Co., Ltd. in recent 3 years

　　Table 64 Changes of asset-liability ratio of Xinli Semiconductor Co., Ltd. in recent 4 years

　　Chart 65 Changes of asset-liability ratio of Xinli Semiconductor Co., Ltd. in recent 3 years

　　Table 66 Changes of property rights ratio of Xinli Semiconductor Co., Ltd. in recent 4 years

　　Chart 67 Changes of property rights ratio of Xinli Semiconductor Co., Ltd. in recent 3 years

　　Table 68 Turnover Times of Fixed Assets of Xinli Semiconductor Co., Ltd. in Recent 4 years

　　Chart 69 Turnover times of fixed assets of Xinli Semiconductor Co., Ltd. in recent 3 years

　　Table 70 Changes of turnover times of current assets of Xinli Semiconductor Co., Ltd. in recent 4 years

　　Chart 71 Changes of turnover times of current assets of Xinli Semiconductor Co., Ltd. in recent 3 years

　　Table 72 Changes of turnover times of total assets of Xinli Semiconductor Co., Ltd. in recent 4 years

　　Chart 73 Changes of total assets turnover times of Xinli Semiconductor Co., Ltd. in recent 3 years

　　Table 74 Changes of gross sales margin of Xinli Semiconductor Co., Ltd. in recent 4 years

　　Chart 75 Changes of gross sales margin of Xinli Semiconductor Co., Ltd. in recent 3 years

　　Table 76 Changes of asset-liability ratio of Dongguan Wanshida LCD Co., Ltd. in recent 4 years

　　Chart 77 Changes of asset-liability ratio of Dongguan Wanshida LCD Co., Ltd. in recent 3 years

　　Table 78 Changes of property rights ratio of Dongguan Wanshida LCD Co., Ltd. in recent 4 years

　　Chart 79 Changes of property rights ratio of Dongguan Wanshida LCD Co., Ltd. in recent 3 years

　　Table 80 Turnover Times of Fixed Assets of Dongguan Wanshida Liquid Crystal Display Co., Ltd. in Recent 4 years

　　Chart 81 Turnover times of fixed assets of Dongguan Wanshida LCD Co., Ltd. in recent 3 years

　　Table 82 Changes of turnover times of current assets of Dongguan Wanshida LCD Co., Ltd. in recent 4 years

　　Chart 83 Changes of turnover times of current assets of Dongguan Wanshida LCD Co., Ltd. in recent 3 years

　　Table 84 Changes of total assets turnover times of Dongguan Wanshida Liquid Crystal Display Co., Ltd. in recent 4 years

　　Chart 85 Changes of total assets turnover times of Dongguan Wanshida LCD Co., Ltd. in recent 3 years

　　Table 86 Changes of gross sales margin of Dongguan Wanshida LCD Display Co., Ltd. in recent 4 years

　　Chart 87 Changes of gross sales margin of Dongguan Wanshida LCD Display Co., Ltd. in recent 3 years

　　Table 88 Changes of asset-liability ratio of Tongbao Photoelectric Display System (Shanghai) Co., Ltd. in recent 4 years

　　Chart 89 Changes of asset-liability ratio of Tongbao Photoelectric Display System (Shanghai) Co., Ltd. in recent 3 years

　　Table 90 Changes of property rights ratio of Tongbao Photoelectric Display System (Shanghai) Co., Ltd. in recent 4 years

　　Chart 91 Changes of property rights ratio of Tongbao Photoelectric Display System (Shanghai) Co., Ltd. in recent 3 years

　　Table 92 Turnover Times of Fixed Assets of Tongbao Photoelectric Display System (Shanghai) Co., Ltd. in Recent 4 years

　　Chart 93 Turnover Times of Fixed Assets of Tongbao Photoelectric Display System (Shanghai) Co., Ltd. in Recent 3 years

　　Table 94 Changes of turnover times of current assets of Tongbao Photoelectric Display System (Shanghai) Co., Ltd. in recent 4 years

　　Chart 95 Changes of turnover times of current assets of Tongbao Photoelectric Display System (Shanghai) Co., Ltd. in recent 3 years

　　Table 96 Changes of total assets turnover times of Tongbao Photoelectric Display System (Shanghai) Co., Ltd. in recent 4 years

　　Chart 97 Changes of total assets turnover times of Tongbao Photoelectric Display System (Shanghai) Co., Ltd. in recent 3 years

　　Table 98 Changes of gross sales margin of Tongbao Photoelectric Display System (Shanghai) Co., Ltd. in recent 4 years

　　Chart 99 Changes of gross sales margin of Tongbao Photoelectric Display System (Shanghai) Co., Ltd. in recent 3 years

　　Table 100 Changes of assets-liability ratio of Shenzhen tianma microelectronics Co., Ltd. in recent 4 years

　　Chart 101 The change of asset-liability ratio of Shenzhen tianma microelectronics Co., Ltd. in recent 3 years.

　　Table 102 Changes of property rights ratio of Shenzhen tianma microelectronics Co., Ltd. in recent 4 years

　　Chart 103 Changes of property rights ratio of Shenzhen tianma microelectronics Co., Ltd. in recent 3 years

　　Table 104 Turnover Times of Fixed Assets of Shenzhen tianma microelectronics Co., Ltd. in Recent 4 years

　　Chart 105 The turnover times of fixed assets of Shenzhen tianma microelectronics Co., Ltd. in recent 3 years.

　　Table 106 Changes of turnover times of current assets of Shenzhen tianma microelectronics Co., Ltd. in recent 4 years

　　Chart 107 Changes of turnover times of current assets of Shenzhen tianma microelectronics Co., Ltd. in recent 3 years.

　　Table 108 Changes of total assets turnover times of Shenzhen tianma microelectronics Co., Ltd. in recent 4 years

　　Chart 109 Changes of total assets turnover times of Shenzhen tianma microelectronics Co., Ltd. in recent 3 years.

　　Table 110 Changes of gross sales margin of Shenzhen tianma microelectronics Co., Ltd. in recent 4 years

　　Chart 111 Changes of gross sales margin of Shenzhen tianma microelectronics Co., Ltd. in recent 3 years

　　Table 112 Changes of asset-liability ratio of Liqi Optoelectronic Technology (Yangzhou) Co., Ltd. in recent 4 years

　　Chart 113 Changes of asset-liability ratio of Liqi Optoelectronic Technology (Yangzhou) Co., Ltd. in recent 3 years

　　Table 114 Changes of property rights ratio of Liqi Optoelectronic Technology (Yangzhou) Co., Ltd. in recent 4 years

　　Chart 115 Changes of property rights ratio of Liqi Optoelectronic Technology (Yangzhou) Co., Ltd. in recent 3 years

　　Table 116 Turnover Times of Fixed Assets of Liqi Optoelectronic Technology (Yangzhou) Co., Ltd. in Recent 4 Years

　　Chart 117 Turnover times of fixed assets of Liqi Optoelectronic Technology (Yangzhou) Co., Ltd. in recent 3 years

　　Table 118 Changes of turnover times of current assets of Liqi Optoelectronic Technology (Yangzhou) Co., Ltd. in recent 4 years

　　Chart 119 Changes in turnover times of current assets of Liqi Optoelectronic Technology (Yangzhou) Co., Ltd. in recent 3 years

　　Table 120 Changes of total assets turnover times of Liqi Optoelectronic Technology (Yangzhou) Co., Ltd. in recent 4 years

　　Chart 121 Changes of total assets turnover times of Liqi Optoelectronic Technology (Yangzhou) Co., Ltd. in recent 3 years

　　Table 122 Changes of sales gross profit margin of Liqi Optoelectronic Technology (Yangzhou) Co., Ltd. in recent 4 years

　　Chart 123 Changes of sales gross profit margin of Liqi Optoelectronic Technology (Yangzhou) Co., Ltd. in recent 3 years

　　Table 124 Changes of asset-liability ratio of Shanghai Chenxing Electronic Technology Co., Ltd. in recent 4 years

　　Chart 125 Changes of asset-liability ratio of Shanghai Chenxing Electronic Technology Co., Ltd. in recent 3 years

　　Table 126 Changes of property rights ratio of Shanghai Chenxing Electronic Technology Co., Ltd. in recent 4 years

　　Chart 127 Changes of property rights ratio of Shanghai Chenxing Electronic Technology Co., Ltd. in recent 3 years

　　Table 128 Turnover Times of Fixed Assets of Shanghai Chenxing Electronic Technology Co., Ltd. in Recent 4 years

　　Chart 129 fixed assets turnover times of Shanghai Chenxing Electronic Technology Co., Ltd. in recent 3 years

　　Table 130 Changes of turnover times of current assets of Shanghai Chenxing Electronic Technology Co., Ltd. in recent 4 years

　　Chart 131 Changes of turnover times of current assets of Shanghai Chenxing Electronic Technology Co., Ltd. in recent 3 years

　　Table 132 Changes of total assets turnover times of Shanghai Chenxing Electronic Technology Co., Ltd. in recent 4 years

　　Chart 133 Changes of total assets turnover times of Shanghai Chenxing Electronic Technology Co., Ltd. in recent 3 years

　　Table 134 Changes of sales gross profit margin of Shanghai Chenxing Electronic Technology Co., Ltd. in recent 4 years

　　Chart 135 Changes of sales gross profit margin of Shanghai Chenxing Electronic Technology Co., Ltd. in recent 3 years

　　Table 136 Changes of asset-liability ratio of Lingguan Electronic Wuzhou Co., Ltd. in recent 4 years

　　Chart 137 Changes of asset-liability ratio of Lingguan Electronic Wuzhou Co., Ltd. in recent 3 years

　　Table 138 Changes of property rights ratio of Lingguan Electronic Wuzhou Co., Ltd. in recent 4 years

　　Chart 139 Changes of property rights ratio of Lingguan Electronic Wuzhou Co., Ltd. in recent 3 years

　　Table 140 Turnover Times of Fixed Assets of Lingguan Electronic Wuzhou Co., Ltd. in Recent 4 years

　　Chart 141 Turnover times of fixed assets of Lingguan Electronic Wuzhou Co., Ltd. in recent 3 years

　　Table 142 Changes of turnover times of current assets of Lingguan Electronic Wuzhou Co., Ltd. in recent 4 years

　　Chart 143 Changes of turnover times of current assets of Lingguan Electronic Wuzhou Co., Ltd. in recent three years

　　Table 144 Changes of total assets turnover times of Lingguan Electronic Wuzhou Co., Ltd. in recent 4 years

　　Chart 145 Changes of total assets turnover times of Lingguan Electronic Wuzhou Co., Ltd. in recent 3 years

　　Table 146 Changes of sales gross profit margin of Lingguan Electronic Wuzhou Co., Ltd. in recent 4 years

　　Chart 147 Changes of sales gross profit margin of Lingguan Electronic Wuzhou Co., Ltd. in recent 3 years

　　Chart 1.48 million Run shares main financial indicators analysis

　　https://www.cir.cn/R_NengYuanKuangChan/73/YeJingChanYeGuanJianCaiLiaoDeFaZhanQuShi.html

　　【 honk 】

　　Since the outbreak of the conflict between Russia and Ukraine, the United States and the West have launched several rounds of indiscriminate sanctions involving politics, finance, trade, science and technology, culture and other fields, which are all-round, high-intensity and complicated in frequency, which is unprecedented. In the meantime, while handing knives, the United States earned tickets, at the expense of the interests of many countries in the world and endangering the people’s livelihood in many countries, while American interest groups took advantage of the fishermen.

　　Regardless of Ukraine’s life and death, the United States continued to fuel the fire, fearing that the conflict would stop, and adopted a combination of one stone and many birds: it imposed indiscriminate sanctions on Russia with no bottom line, no ethics, no restraint and no contractual spirit, allowing American oil and gas to occupy the European market instead of Russian oil and gas, allowing Europe to take in Ukrainian refugees, thus further kidnapping Europe, so that NATO, the "abandoned child" after the end of the Cold War, finally had a chance to brush its sense of existence. In turn, it has become the "white glove" for the long arm of the United States to govern Europe and contain Russia, and to cooperate with the US dollar to raise interest rates to rush international capital to the United States, so as to alleviate the continuous rise of US inflation and national debt, and at the same time make the US military-industrial complex earn a lot of money. All these "combination punches" show that the United States is the black hand behind the Russian-Ukrainian conflict, with only one purpose, that is, to maintain the world hegemony of the United States and continue its life for hegemonism and imperialism. The indiscriminate sanctions imposed by the United States for profit have disrupted the global energy, food and financial order, which is an extreme manifestation of anti-globalization. Only the United States has benefited, but the countries and people in the world have suffered.

　　It can be asserted that the indiscriminate sanctions initiated by the United States and the West against Russia are a damaging, insidious and poisonous move against globalization. Its damage is harming the interests of all parties outside the United States; Its yin is to use the dominance of globalization to destroy globalization, reverse globalization and maintain hegemony; Its poison is in an attempt to continue the conflict between Russia and Ukraine through NATO’s five eastward expansions, pushing Russia into a desperate situation.

　　The improper use of the leading power of globalization leads to anti-globalization.

　　Globalization is an irreversible trend in today’s world. Globalization goes hand in hand with industrialization and urbanization, promoting the global layout of supply chain, industrial chain, value chain and innovation chain, promoting the formation of world city networks such as global cities, national cities and general towns, promoting the prosperity of a new world economic system composed of advanced manufacturing industries and high-end service industries with informationization, networking and intelligence, and bringing globalization dividends to countries and people all over the world; Looking ahead, the trend of globalization is still irresistible.

　　It is a just, correct and just way to conform to the trend of globalization and create and share the global dividend. This practice upholds the concept of a community of human destiny, strives to build a new global governance system, promotes the benign development of globalization, and enables all countries and people in the world to create and share the dividend of globalization.

　　Regrettably, countries that are in the leading position of globalization in today’s world have always cherished their own priority concepts. The United States does not proceed from the perspective that all countries and people in the world create and share the global dividend, but from the perspective of maximizing its own interests, and does not hesitate to use means to hinder globalization. The most commonly used is sanctions, and the most extreme is indiscriminate sanctions. In a way that harms globalization, it hinders the maximization of the creation of global dividends, while taking all the global dividends created by all countries in the world, and ultimately damages the sharing of global dividends by all countries in the world.

　　The predatory "vampire" approach will hinder globalization

　　The essence of globalization is the globalization of social division of labor, that is, the social division of labor crosses national boundaries, and arranges the supply end, industry end, value end and innovation end in different countries, and then connects these "ends" to form a "chain", thus forming a global supply chain, industrial chain, value chain and innovation chain. The premise of the smooth operation of the "chain" is to build channels connecting all parts of the world (such as goods, money, information, technology, people and other mobile channels), realize interconnection, and then form a "network"

　　The carriers of globalization are primary products and commodities, money and finance, information, science and technology, and personnel, aiming at realizing all-round and unimpeded communication, exchange and optimal allocation among countries, and creating a global dividend far higher than the sum of domestic dividends of all countries in the world. The order of globalization makes the above-mentioned channels run safely and unimpeded. To this end, the international community has jointly established world organizations such as the World Trade Organization, the International Monetary Fund and the World Bank and their operating mechanisms, which constitute a global governance system. All this is for the purpose that all countries in the world participating in globalization jointly create and share the global dividend.

　　In the natural historical process of globalization, there are many key links, such as terminals, chains, channels, carriers and systems. These key links can not only ensure but also prevent the continuous operation, smooth flow, interlocking and orderly globalization, forming a series of "gates" and "valves" that can be opened or closed. But when to turn it on and off, and how big the switch is, often depends on who is in charge of the dominant power of globalization, and may even be used as an "anti-globalization weapon" by it, for example, US dollars, oil and gas, agricultural products, settlement channels (such as SWIFT) and so on.

　　The United States adheres to its own priority dictatorship, monopolization and exclusive enjoyment, and implements long-arm jurisdiction and indiscriminate sanctions all over the world without a bottom line, ethics and restraint, which can only curb the creation of globalization dividends. This is a "vampire-like" anti-globalization and anti-globalization practice that takes advantage of plunder and violates justice, and is the essential manifestation of hegemonism and imperialism.

　　After the outbreak of the conflict between Russia and Ukraine, the United States and the West imposed a series of "unconventional" and "epic-level" sanctions on Russia, the scope and intensity of which were far greater than before, which not only brought various livelihood problems to Russia but also to many countries unrelated to the conflict and their people, blocked the natural and historical process of globalization, destroyed the normal globalization order, and made the globalization dividend drop sharply.

　　A few days ago, China’s Foreign Ministry spokesperson Wang Wenbin revealed that some American media called the United States the only "sanctions superpower" in the world, which hit the nail on the head. He Yafei, former vice minister of foreign affairs, pointed out: "After the outbreak of the conflict between Russia and Ukraine, the United States and western countries imposed unprecedented severe sanctions on Russia in breadth and depth, and Russia also took countermeasures. The sanctions and anti-sanctions between the United States, the West and Russia are double-edged swords in the game of big powers, and their impact on US-Russia relations, international structure, world economy and finance, and global governance system is incalculable. "

　　Indiscriminate sanctions imposed by the United States are harmful, insidious and poisonous moves against globalization. Their root cause is hegemonism and their essence is imperialism. Opposing hegemonism is a necessary measure to safeguard the peaceful development of today’s world, deter or even put an end to the countercurrent of globalization, and promote the benign development of globalization.

　　(Author: Li Zhengtu, a researcher and doctoral supervisor at the Institute of Economics, Shanghai Academy of Social Sciences, and vice president of China Political Economy Association)