The 2021 "New Development and New Order" Macroeconomic Forum and Innovation Summit ended successfully.

On November 25th, the 2021 Macroeconomic Forum and Innovation Summit jointly organized by Economic Observer and Jingguan Media was launched in the cloud.

Focusing on the theme of "New Development, New Order", the forum invited policy researchers, economists and entrepreneurs to discuss and share, and jointly take the pulse of China’s economic trend and explore a new development path. On the same day, guests attending the 2021 Macroeconomic and Innovation Summit included: Gao Peiyong, vice president of China Academy of Social Sciences and member of the faculty; Chou Baoxing, academician of the International Eurasian Academy of Sciences, former vice minister of the Ministry of Housing and Urban-Rural Development and chairman of the China Urban Science Research Association; Chen Daofu, deputy director of the Financial Research Institute of the State Council Development Research Center; Bi Jiyao, vice president of China Macroeconomic Research Institute; and Yao Yang, president of the National Development Research Institute of Peking University.

This year is the first year of the 14 th Five-Year Plan, and it is facing the goal of the second century. In this context, China’s economy is moving forward steadily, and the road to high-quality development is more solid, which fully reflects the resilience of China’s economy and China’s enterprises. At the same time, the epidemic has not been effectively controlled worldwide, and the world economic recovery still faces many uncertainties.

Under such circumstances, China’s economy is under pressure. How to stabilize China’s economic recovery, keep the economy running in a reasonable range in the face of the future, and continue to promote green and low-carbon in the recovery to achieve high-quality development, which is an important issue that all sectors of society are most concerned about when we are about to bid farewell to 2021.

At the 2021 Macroeconomic Forum and Innovation Summit, experts and scholars gave the answer that innovation is driven by reform and development is driven by innovation, and thought that innovation and reform are the only way to solve the above problems. What people expect is that, while maintaining the necessary growth rate of China’s economy, monetary and fiscal policies will be more effectively coordinated, macro-policies will be more closely integrated with industrial development, and regional development and industrial layout will provide more open development space for enterprises, and finance will truly serve the entity and stimulate the vitality of generate, the main body of innovation.

Sharing five macroeconomic themes

Wen Zhao, executive editor-in-chief of Economic Observer, said in his speech at the forum: "China has set the’ double carbon target’ of carbon neutrality in peak carbon dioxide emissions by 2030 and by 2060, which means the reconstruction of the energy system and a major change in production and lifestyle; For enterprises, this is a clear signal that opportunities are everywhere, and the key lies in whether enterprises have the ability to grasp them. "

As a professional financial media, Economic Observer chooses to hold a macroeconomic forum at the end of each year, hoping to build a platform for communication and exchange, and invite authoritative experts and scholars in the fields of economy, finance and industry to discuss the macro trend together with rationality and constructiveness.

Subsequently, the guests delivered keynote speeches one after another.

Gao Peiyong, vice president of China Academy of Social Sciences and member of the academic department, said in his keynote speech that if macroeconomic policies are to be extended to, integrated with and configured around micro-subjects, they should focus on and be based on market subjects. To promote economic and social development, we must base ourselves on the growth of market players and their development. Only by keeping the main players in the market can we keep jobs, jobs and people’s livelihood, thus keeping the basic disk of China’s economic development. At present, there are more than 150 million market players in China, and the role and position of market players have changed greatly. It is under such a background that macro-policy allocation has the driving force of deep integration with micro-foundation.

Chou Baoxing, an academician of the International Eurasian Academy of Sciences, former deputy minister of the Ministry of Housing and Urban-Rural Development and chairman of the China Urban Science Research Association, believes that the dual-carbon strategy actually needs to be promoted by double innovation, because more than 70% of the technologies and policies used in the future are waiting for all our entrepreneurs to create and innovate, and this is also an opportunity for countless large enterprises, new enterprises and high-efficiency enterprises to emerge; To achieve carbon neutrality in China, new investment will be increased, which will exceed 150 trillion yuan in any case, so 150 trillion yuan is much larger than GDP, which means that it is a second opportunity for wealth distribution. Most of these new wealth will be distributed between cities and new enterprises, because wealth is created and investment is invested by enterprises, which is a very good opportunity for wealth creation and distribution for the second time.

Chen Daofu, deputy director of the Financial Research Institute of the State Council Development Research Center, said that when China is talking about building the country through science and technology and how finance can better promote the development of science and technology, it should first promote the development of science and technology itself, so that the achievements of science and technology can be more quality, more pioneering and have potential production potential. Only on this basis can this part of the results be gradually recognized by the industry and presented in this realistic industry. At this time, finance can build a bridge between technology and industry, so that technology and industry can achieve good connectivity.

Bi Jiyao, vice president of China Macroeconomic Research Institute, gave a keynote speech on "The New Environment Faced by China’s Development during the 14th Five-Year Plan". During the 14th Five-Year Plan, China will enter a new stage of development, and its continued development has many advantages and conditions. The fundamentals of long-term economic improvement have not changed. However, at the same time, the problems of unbalanced development and insufficient development are still outstanding. It still needs hard work to maintain stable economic operation and promote high-quality development. First, pay more attention to expanding domestic demand; The second is to deepen the structural reform of the supply side; The third is to accelerate the improvement of independent innovation ability; The fourth is to develop and expand strategic emerging industries; The fifth is to deepen the structural reform of the financial supply side; The sixth is to expand high-level opening up.

Yao Yang, president of the National Development Research Institute of Peking University, predicted that in the next 10 to 30 years, the best investment destination in the world will still be China, not other countries. We should not be swayed by these short-term economic downturns, but should see the potential of China’s economic growth in the future. The potential growth of China’s economy itself is probably between 5.5% and 6%. If it can grow by 8.5% this year, it should be a very high growth rate. On average for two years, the growth rate is also around 5.5%.

Four thematic round-table dialogues

On the afternoon of November 25th, Guo Hongchao, deputy editor-in-chief of Economic Observer, said in his speech at the summit that 2021 is the first year of the 14th Five-Year Plan, and the impact of the COVID-19 epidemic on the macro-economy is gradually weakening. China is accelerating the construction of a new development pattern, and opportunities and challenges coexist. With the official opening of the Beijing Stock Exchange, it shows the decision-makers’ determination to further improve the multi-level capital market and promote innovation-driven development and economic transformation and upgrading. Listed companies are the cornerstone of the development of the capital market and the pillar force of China’s economy.

The summit set up four forums, namely, round-table dialogues, with four themes, namely, "Finance helps the real economy", "The road to high-quality development of listed companies", "Sustainable development and upgrading" and "Innovation promotes urban upgrading", respectively, to discuss how finance can help the development of the real economy, increase support for the real economy and prevent risks in the financial system. Hot economic topics such as the development of listed companies, promoting the realization of "double carbon" goals, and urban innovation and development.

In the section of "Finance Helps the Real Economy", Professor Wang Jian, vice president of Shenzhen Institute of Advanced Finance and former senior economist of the Federal Reserve, delivered a keynote speech entitled "Financial Opening and Financial Technology Opportunities".

In the subsequent round-table dialogue session on "Finance Helps the Real Economy", chaired by Chen Jingwei, deputy director of the Investment and Financing Research Center of the Institute of Finance of the Academy of Social Sciences of China and executive researcher of the Institute of Finance of China Academy of Social Sciences, Zhang Fei, head of Standard Chartered Venture Capital in Greater China and North Asia, John Zhang, Party Secretary and Vice President of Changan International Trust Co., Ltd., He Beina, President of Shanghai Chunxin Private Equity Fund Management Co., Ltd., Yuan Yuming, CEO of Huolian Technology Co., Ltd., and Li Dazhi, Executive Vice President of Beijing Fuguo Datong Fund Sales Co., Ltd. were invited to discuss how finance can help the development of the real economy, increase support for entities and prevent financial system risks.

At the same time, the parallel forum focused on the topic of "the road to high-quality development of capital market", which was presided over by yu zhang, assistant director and chief macro analyst of Huachuang Securities Research Institute. Join hands with Chen Zhi, deputy general manager and executive director of Yuanchen Technology, Zhou Hongjun, deputy general manager and secretary of the board of directors of Zhendong Pharmaceutical, Li Jia, chief financial officer of Rongchang Bio, Chairman of China-Israel Hyde, Chairman of Dongfang Gaosheng, Chairman of Dongfang Lue, economist, venture capital expert, founder of incremental origin, president of incremental research institute and founder of incremental capital. In-depth discussions were carried out on exploring the road of innovation-driven high-quality development, how listed companies can play a good role in the overall strategy of economic and industrial upgrading, and how environmentally-friendly listed companies can seize development opportunities under the dual-carbon goal. Companies with outstanding performance in the capital market in the past year were honored from two main aspects: scientific and technological innovation and investment value.

Subsequently, the round-table forum with the two themes of "sustainable development and upgrading" and "innovation promoting urban upgrading" was opened at the same time.

Among them, the "Sustainable Development and Upgrading" roundtable forum was hosted by Ge Xing ‘an, vice chairman of the Social Value Investment Alliance and former president of Shenzhen Stock Exchange, the chief consulting officer of Menglang Technology Company. Zhao Junhua, Director of Energy Market and Energy Finance Laboratory of Shenzhen Institute of Advanced Finance, Zhao Yonggang, General Manager of Research and Development Department of CSI Index Co., Ltd., General Manager of ESG Business Department, Zhang Hui, Managing Director of Huaxing Capital, Li Zhenxing, Executive Director of southern fund Equity Investment Department, and Ma Linqing, Managing Partner of Wuniu Holdings, participated in the discussion to discuss issues such as promoting the realization of the goal of "double carbon", promoting green development, seizing the opportunity of carbon neutrality, and sustainable development promoted by ESG investment. In addition, the round-table dialogue on "Innovation Promotes Urban Upgrading" was hosted by Hao Ju, President of Ruixin Consulting and Dean of Ruiguan Research Institute; Liang Ma, a researcher at the National Institute of Development and Strategy of Renmin University of China and a professor at the School of Public Administration; Peng Kong, director of the Research Center for Sustainable Settlements of the School of Architecture of Tsinghua University; and Zhang Qiqi, general manager of 51WORLD Urban and Transportation BG, participated in the round-table discussion, and discussed in depth the driving force of urban future upgrading and development, the boosting force of science and technology and innovation to cities, the content and direction of urban industrial upgrading.

Successfully held the ten-year ceremony of outstanding financial enterprises

After the guests’ wonderful speeches, the 2020-2021 Ten-year Festival of Outstanding Financial Enterprises and the awarding ceremony officially landed.

China’s economy is moving forward steadily, and the road to high-quality development is more solid. As an important part of China’s economy, the financial industry will face brand-new changes and challenges. Financial institutions need to improve their governance structure system to achieve all-round improvement in business scale, operating efficiency and service quality.

The Financial Enterprise Excellence Festival was initiated and hosted by Economic Observer. Since its establishment in 2012, it has been successfully held for the tenth time, and it has become a large-scale financial industry-wide selection activity in China with authority, professionalism, public welfare, innovation and sustainability.

Through the evaluation and investigation of professional institutions, industry experts and data statistics institutions, the evaluation criteria are taken from enterprise services, profitability, innovation ability, risk control ability and social responsibility, so as to excavate more outstanding enterprises and potential financial institutions for China’s financial field and commend institutions and brands that made outstanding contributions to the promotion and development of the industry in that year.

After several months’ evaluation and investigation, this year’s Excellent Financial Enterprise Festival selected institutions and brands that made positive contributions to the development of the financial industry in the fields of banking, insurance, funds, trusts, securities, wealth management, futures, third-party financial institutions, financial leasing and so on in 2020-2021. Through the integrated communication of Economic Observer, the participating enterprises can get more accurate market positioning in the financial market, enhance their corporate image and brand awareness, and promote the steady development of the financial industry.

The 7th Annual Financial Conference in 2021 was announced.

Grasping the new development stage, implementing the new development concept, building a new development pattern and promoting high-quality development-looking forward to a large number of market players in the future in 2021 is one of the unique advantages of China’s economic development, and "activating the vitality of market players" will become the key to China’s economic "14 th Five-Year Plan". At the same time, in the era of scientific and technological change, hard core technology will become an important strategic support to promote the high-quality development of China’s economy and ensure national security. We also expect that, while maintaining the necessary growth rate, all walks of life will also have a broader space for development, and finance will truly serve the entity and stimulate the vitality of generate, the main body of innovation.

At present, China is just like a huge ship sailing in the vast sea of the new era, and the magnificent journey needs the power of navigation.

In this context, the Seventh Annual Financial Conference in 2021 was grandly opened, and the honor of "Pilot Enterprise of the Year" was announced. In the future, these financial institutions in various fields will promote financial development in a healthy and orderly manner and drive economic development.

Pang Lijing/Wen

Reporting/feedback

What model is the Porsche Macan (Porsche Macan quotation)

Discover the perfect blend of luxury and sport – Porsche Macan

保时捷MACAN

At the high-profile 2018 Chengdu Auto Show in the automotive industry, Porsche led the trend of mid-size SUVs with the stunning debut of the new Macan. As a member of the Porsche family, the Macan not only inherits the essence of Porsche’s design, but also shows the unique charm of its sporty SUV, fusing the fashion and functionality of a crossover.

As Porsche’s entry-level SUV, the Macan demonstrates outstanding engineering prowess with the MLB platform shared with the Audi Q5. Initially launched, the Macan offers a range of gasoline engines for consumers to choose from. The entry-level model is equipped with a 2.0-liter inline-four engine with 225 horsepower, while the slightly higher-configured model is equipped with a 3.0-liter V6 supercharged engine with 336 horsepower, showing surging power. The most anticipated is the flagship model, which is expected to use a 3.6-liter V6 twin-turbo engine with a maximum output of 395 horsepower and a peak torque of 550 Nm. The hybrid version of the Macan will also follow the market trend and follow the Q5 Hybrid powertrain, providing new options for environmentally friendly travel.

In terms of interior, the Macan’s center console design is in line with the Cayenne, presenting a simple and luxurious style. The vertical air conditioning is trended on both sides of the central display, creating a spacious and advanced driving environment. Although the specific details have not been fully exposed, we can expect the Macan to continue the Porsche interior design tradition, with exquisite and elegant details.

In terms of powertrain, the Macan will draw on the platform advantages of the Audi Q5, and at the same time make targeted adjustments to improve performance. The entry-level model will be upgraded to a 2.0T turbo engine with 220 horsepower, while the Macan S and Turbo will be equipped with a 3.6L V6 engine and a new 400 horsepower twin turbo engine respectively, demonstrating Porsche’s pursuit of extreme power handling.

In the transmission part, Macan offers a choice of 7-speed manual and 7-speed PDK automatic transmissions to meet the needs of different drivers. Whether it is a powerful Turbo or a hybrid model for green travel, Macan has shown its comprehensive competitiveness in various fields.

This site today’s recommendation: Toyota Corolla highest direct drop 45,100

It is said that if you buy a car now, you will buy a car worth more than 100,000 yuan, and then change it to a car worth more than 200,000 yuan in a few years? Or just grit your teeth and buy a car worth more than 200,000 yuan, and use it for a few more years? Of course, if you are a trench, please feel free, but if you are on the right budget, you need to think carefully.

Even if you have a limited budget, don’t worry. Take a look at the recommended Toyota Corolla on this site first. It may not only be the right price, but also just right for you. We have collected valuable information such as real transaction prices, discounts, value retention rates, and used car valuations to help you understand how much you can save on buying a new car and how much you can sell it for as a used car.

This site collects the real transaction price of Toyota Corolla, Corolla nearly a month the highest direct drop in cash for new cars in the country 45,100, the maximum discount reached 6.18% off, this site collects the price in real time across the country, the actual transaction price please refer to the local dealer discount.

From the chart below, we can see the sales trend of Toyota Corolla. Toyota Corolla sold 10,261 vehicles in the past month. Although sales volume does not represent everything, sales volume has indeed become one of the measures for consumers to choose a car. A high-sales car means that it is suitable for most consumers, and it also has relatively complete after-sales services. The natural turnover rate of auto parts will also be higher.

With the improvement of consumption level, the frequency of consumers changing cars is generally increasing in recent years, especially the share of the used car market is also increasing year by year. Now the vast majority of capable consumers will not drive a car to scrap. So the value preservation rate is not only related to your sales rate, but also reflects the quality of the car, market share, user reputation, etc., and is also closely related to maintenance costs. The figure below shows the value preservation rate of the Toyota Corolla. Is it within your acceptable range?

Let’s take a look at consumers’ evaluation of the Toyota Corolla. If the overall score is 5 points, then the Toyota Corolla’s score is 4.48 points, which is not bad.
Among them, the Toyota Corolla is the most outstanding in terms of appearance and cost performance, so consumers pay more attention to appearance and cost performance.
Then the Toyota Corolla can be considered.
Because each user has different needs for the car, different uses, and different feelings, the evaluation is only for reference. The most reliable thing is to go to the store to test the car in person. Even if you can’t go on the road for a test drive, you have to sit in the car more and feel it.

After looking around, the result is that Toyota Corolla is not your cup of tea? Then take a look at its strong competitors. At present, there are basically good discounts on this site, among which Civic and Langyi’s discounts are 22% off and 6.9% off respectively. Quite suitable. Take a look and choose!

If the price of the Corolla is right recently, then the friends should hurry up and make a move! Linkage promotions in many places across the country, and there are as low as 30% off models.

Do a good job of "pre-work" in investigation

Everything is established in advance, and it is abolished if it is not predicted. The same is true of investigation and research. If you are well prepared before the investigation, you will be handy and comfortable during the investigation; If you are unprepared in advance and cram for the Buddha’s feet temporarily, you will easily be led by the nose and fail to achieve the expected results. Therefore, party member cadres must carry out investigation and study.Do your homework, go with questions, do it with methods, play the first move, play the initiative, ensure that the research is aimed at deepening, and get twice the result with half the effort.

Work hard on the "topic" to achieve accurate targeting.With the investigation of the problem, we can know fairly well when investigating and know where to go and where to look. Before the investigation, we must focus on the major policies and phased key tasks of the party and the state, combine the local conditions, aim at the hot spots of social concern, the people’s urgent difficulties and worries, and the shortcomings and weaknesses of work, sort out the list of questions and demands in advance, and cut into the investigation in depth, so as to make the incision accurate, the topic deep and the point real. The topic can also be decomposed into several closely related and mutually supporting sub-topics, so as to make the research content full and thick, and avoid the phenomenon of poor coverage and poor support.

Work hard to know "there" and be familiar with it.It is of great significance for the success of the survey to find out the background in advance, prepare lessons well and fully understand the research object. To know the "other things", through radio and television, newspapers and magazines, online platforms, internal materials and other channels, we can understand the background information of the research items, including the basic situation, main characteristics, advantages and disadvantages, statistical data, etc., and find out the approximate "number of ways" to prevent the "tune" from missing the point and not being on a channel. To know "the other person", we should accurately grasp the characteristics of the research object through online inquiry, face-to-face inquiry and side understanding, and make a targeted survey of the situation around different industries, posts, cultural customs and age groups, so as to blend in quickly when meeting and create a good atmosphere for quickly entering the research situation, listening to the truth and checking the facts.

Make great efforts to seek the "law" and achieve the spirit of tricks.The method is the key to find out the actual effect. It is necessary to adjust measures to local conditions, vary from case to case, design and select methods in advance according to the differences of research objects, locations, tasks and requirements, and prepare a hard "toolbox" for use. Traditional research methods can be considered, such as listening to the situation, holding seminars, field visits, questionnaires, and squatting; We can also consider new ways such as online public opinion screening, big data analysis, "experiential" research, and entrusting professional institutions to extend research, enriching research carriers and innovating research forms; We can also comprehensively use the old and new methods to verify the research results and effectively improve the quality and efficiency of the research work. In addition, we can learn from the successful experience and practice of similar research, digest and absorb it, and use it flexibly to ensure that the research is more targeted and effective.

The public online shopping for 6 pure camellia oils found that they were all "adulterated"

Straight News

Deep and fierce investigation

Text/photo reporter Song Wangqun

Camellia oil, also known as camellia seed oil, is commonly called "Yuezi oil" by citizens. With the implementation of the "two-child" policy, camellia oil is becoming more and more popular. However, the reporter’s investigation found that the quality of camellia oil currently on sale in the market is mixed, and even some brands still have "adulteration" behavior. A citizen of Shenzhen recently bought six pure camellia oils and sent them to Shenzhen Institute of Metrology and Quality Inspection for inspection. The inspection results showed that none of the six pure camellia oils met the national standards. The person in charge of Shenzhen Consumers Association said that related products are suspected of false propaganda, and consumers can ask for ten times compensation.

Customer complaint: online shopping for camellia oil actually detected "adulteration"

Mr. Zheng is in charge of purchasing in a company in Shenzhen. "The Spring Festival is approaching. According to the company’s arrangement, he bought a batch of camellia oil through the Tmall flagship store of six brands of camellia oil and gave it to the company’s customers." Mr. Zheng said, "The six brands of camellia oil are all 5L specifications, and the price ranges from more than 200 yuan to more than 600 yuan per bottle. The sellers all claim that their products are pure camellia oil, and the quality grade is the first grade. You can buy them without adding any other edible oil ingredients."

"But some familiar customers told me that the camellia oil received was not pure enough and had no natural fragrance of camellia oil." Mr. Zheng said, "The camellia oil I purchased is purchased through Tmall flagship store, unless there is something wrong with the product itself." In order to find out, Mr. Zheng sent one of the camellia oils to a testing institution for testing.

"The test results surprised us. Other vegetable oils were detected, which did not meet the national standards. It was not pure camellia oil. Isn’t this adulteration?" Mr. Zheng said.

Recently, the reporter checked the Taobao Tmall purchase records and invoices of Mr. Zheng’s purchase of camellia oil, as well as the unopened camellia oil products. In the column of quality grade, all six products are marked as "first class", "international first class" or "squeezing first class", the product standard number is "GB11765", and the ingredients are "camellia seed oil".

According to the national standard GB11765 issued by the General Administration of Quality Supervision, Inspection and Quarantine, all products marked with "Camellia oleifera seed oil" should meet the standard, which requires that "Camellia oleifera seed oil should not be mixed with other edible oils and non-edible oils, and should not be added with any flavors and fragrances".

On the afternoon of January 8, the reporter accompanied Mr. Zheng to send six kinds of camellia oil to Longhua experimental base of Shenzhen Institute of Metrology and Quality Inspection for inspection. On January 17th, the inspection report was released. The inspection report showed that none of the "Rapeseed Oil Purity Test" of six brands of camellia oil met the requirements of the first-class standard for crushing, and other vegetable oils existed in the measured values (see the above figure). In addition, two of the camellia oils are not up to standard in terms of refractive index, iodine value, oleic acid and linoleic acid.

Insiders: The cost per catty is about 80 yuan.

On January 22 nd and 23 rd, the reporter called six camellia oil manufacturers to verify the situation. Among them, the service calls of three manufacturers were not answered. The manufacturer of Jinx responded that all the products submitted by the company were up to standard, and said that the same batch of products submitted by Mr. Zheng had been sampled for inspection. A person in charge of X township factory who claimed to be Vice President Zhou said that the report submitted by consumers for inspection has no legal effect. The manufacturer of Green X responded to the reporter that the company sent tea oil for inspection many times, all of which met the national standards.

Zhang Gong, who has been engaged in the camellia oil industry for more than ten years, said that at present, the price of purchasing a kilo of camellia oil by the people is generally around 80 yuan, and the weight of a 5L bottle of camellia oil is 9-10 kilos. The most expensive camellia oil purchased by Mr. Zheng is more than 600 yuan, and the average price is only more than 60 yuan a kilo, which is far lower than the private purchase price.

Zhang Gong said that if the mixed ingredients are controlled within 10%, it is basically difficult to detect. If even the indexes such as refractive index, iodine value, oleic acid and linoleic acid are not up to standard, it can only show that more other edible oil ingredients are mixed.

Shenzhen Consumers Association: Related manufacturers are suspected of false propaganda.

On January 23rd, the reporter reported the situation to Shenzhen Municipal Market Supervision Administration and Shenzhen Consumers Association. According to the Shenzhen Municipal Market Supervision Administration, since it is an online shopping product, consumers should report it to the industrial and commercial administration department where the product trademark is located.

The Shenzhen Consumers Association said, "The product is advertised as 100% pure tea oil, but the result of the consumer’s inspection is that it is mixed with other edible oil, which is suspected of false propaganda. According to the rule of’ one fake and ten penalties’, consumers can ask for 10 times compensation, and the market supervision department will investigate it." The staff of Shenzhen Consumers Association said that the laws and regulations on online shopping supervision are still not perfect, and it is difficult for consumers to protect their rights. At present, Mr. Zheng can only complain to the industrial and commercial departments where the trademarks of the purchased products are located.

[Talking about Medicine Garden] Dry goods! In-depth analysis of 500 reference preparations that failed to pass the review.

Miscellaneous talk about medicine garden 

A paradise for medical people to share and discuss pharmaceutical knowledge,

Common progress and development

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In order to promote the consistency evaluation, the General Administration announced the catalogue of generic reference preparations in batches from March 17, 2017, and began to publicize the draft of the catalogue of generic reference preparations on March 28, 2019. 

In the Catalogue of Reference Preparations for Chemical Generic Drugs (25th Batch) (Draft for Comment), the list of varieties that failed to pass the review began to be updated. By the end of the Catalogue of Reference Preparations for Chemical Generic Drugs (59th Batch) (Draft for Comment), 620 failed product specifications had been updated, and 93 were reviewed by the consistency evaluation expert committee again after receiving the objection application from the enterprise. The experts maintained their original conclusions and failed the second review.

The following figure shows that the historical batches of the exposure draft have not passed the review and reference publication:

16491657323461677  

The main reasons for not passing the review are as follows:

52031657323461885  

A has no reference preparation status.

According to the Procedure for Selection and Determination of Reference Preparations for Chemical Generic Drugs, the order of selecting reference preparations is: original research imported, original research not imported, original research localized and internationally recognized drugs of the same kind.

Of the 527 failed quality regulations, 280 were rejected because they did not have the status of reference preparations. Analysis of the reasons for not having the status of reference preparation can also be divided into the following situations:

87681657323462018  

1. Clearly do not recommend reference preparations.

The reference preparation is not recommended for the trial varieties that can BE exempted or simplified in human bioequivalence (BE) issued by the National Bureau. For example, Compound Polyethylene Glycol Electrolyte Powder (V), similar varieties have been clearly not recommended in the notice (No.136, 2018) issued by the National Bureau on the exemption or simplification of human bioequivalence (BE) test varieties. It has not passed the review.

2. There is no such dosage form in the original research.

Because the reference preparations to be declared are varieties with modified specifications, the original research did not have this specification and failed to pass the review, such as acarbose chewable tablets, pantoprazole sodium enteric-coated capsules, acetaminophen dry suspension, betamethasone sodium phosphate injection, etc.

3. Compared with the published reference preparation, it has no obvious advantage.

3.1 The concentration of the reference preparation to be applied for is the same as that of the published reference preparation, but the loading quantity is different.

We can find that the specification of 4.5354g/7.5ml of Bayer Healthcare Pharmaceuticals was published in the 27th batch, and the specification of 9.0708g/15ml was published in the 28th batch.

4211657323462172  

In the Catalogue of Reference Preparations for Chemical Generic Drugs (Fifty-ninth Batch) (Draft for Comment), 1.20944g/2ml, 6.0472g/10ml, 18.1416g/30ml and 39.3068g/65ml of gadolinium butoxide injection of Bayer Healthcare Pharmaceuticals Inc were rejected because they were different from the published reference.

3.2 The published reference preparations are prescription drugs listed in the United States, and it is not recommended to add OTC drugs as reference preparations.

Omeprazole sodium bicarbonate capsules are managed separately according to prescription drugs and OTC in the United States. The published reference preparations are prescription drugs listed in the United States, and it is not recommended to add OTC drugs as reference preparations.

3.3 Compared with published reference preparations, there is no clinical advantage.

Piperacillin sodium tazobactam sodium for injection by Dapeng Chemical Industry Co., Ltd. was rejected because the powder-liquid double-chamber bag was not widely used and the cost was high. The orally disintegrating tablet of montelukast sodium from MSD Co., Ltd. was not approved because the dosage form to be applied for was orally disintegrating tablet, which only provided a choice of dosage form for clinic, and had no clinical application advantage compared with other oral preparations on the market. Cefalexin fine granules of Gonghe Chemical Industry Co., Ltd. were not approved because the published reference preparation of Cefalexin dry suspension could basically cover the usage and dosage required by children patients.

3.4 Non-original research and no reference preparation status

The metronidazole vaginal gel of Oceanside Pharmaceuticals is a generic drug authorized by the original research, but it is a generic drug listed in the United States and does not have the status of reference preparation; Pravastatin sodium tablets (4 specifications) of Teva Pharmaceuticals Usa Inc are internationally recognized as the same drug, but the reference preparation to be applied for is a generic drug listed in the United States, which does not have the status of reference preparation and is not approved.

B lack of complete and sufficient safety and effectiveness data.

A total of 104 quality regulations failed due to the lack of complete and sufficient safety and effectiveness data, of which 22 were reviewed by the consistency evaluation expert Committee again after receiving the objection application from the enterprise, and the experts maintained the original conclusion and failed the second review. 

Most of the reasons why this kind of drug failed to pass the review were that the data of safety and effectiveness provided by the applicant were not sufficient, and it was impossible to determine that it was a drug with safety, effectiveness and quality controllability. In addition, Alfasigma Romania S.R.L’ s creatine phosphate sodium for injection is the original research drug listed in China, but this product has been included in the first batch of national key monitoring drugs list, and the relevant safety and effectiveness data are limited, so the review failed; Pidotimod oral solution of Polichem S.R.L was not approved due to insufficient evidence of clinical effectiveness according to the Notice of the General Administration on Starting Clinical Efficacy Test of Pidotimod Oral Liquid (No.31 [2018] of Food and Drug Administration); Alfasigma S.p.A’ s Levocarnitine Hydrochloride Enteric-coated Tablets was declared for import in the original research, and the application materials were not enough to support the effectiveness of this product for the applied indications. The conclusion was that it was not approved and the review was not passed.

C does not meet the domestic indications, usage and dosage

There are 64 product specifications involved because they do not meet the domestic indications and usage and dosage. Subdivided into the following three reasons:

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The specification of oxytocin injection of Takeda Chemical Industry Co., Ltd./ぁすかかかか Co., Ltd. is 1 unit /ml, and the specification of 1 unit /ml of this product is unreasonable, which is less than the minimum dose recommended by the instructions for single use (2.5 units/ml); The specification of Pioglitazone Hydrochloride Tablets of TAKEDA PHARMACEUTICALS USA INC is 45mg. In the past, an expert consultation meeting was held for hypoglycemic drugs. Clinical experts reported that the maximum dosage of this product used in China is usually 30mg, and the specification of the reference preparation to be applied is greater than the maximum dosage, which was not approved. Naproxen is a non-mainstream non-steroidal anti-inflammatory drug in China. Naproxen, esmomeprazole and magnesium enteric-coated tablets of Horizon Medicines LLC, the compound does not meet the requirements of domestic clinical practice and compound preparation for the time being, and the review was not passed.

D. The listed areas are not in the European Union, the United States and Japan (with relatively perfect regulatory system).

There are 46 quality regulations that have been rejected because the listed areas are not in the European Union, the United States and Japan. In order to ensure the quality of reference preparations, it is suggested that the reference preparations should be the original drugs approved for listing by institutions with relatively perfect regulatory systems such as the European Union, the United States and Japan, and the review failed.

There are mainly the following 12 listed regions that failed to pass the review:

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E has certain security risks.

There are 21 quality regulations that failed due to certain safety risks, and 8 of them were reviewed by the consistency evaluation expert Committee again after receiving the objection application from the enterprise. The experts maintained the original conclusion and failed the second review.

It is worth noting that injections and eye drops without preservatives and antioxidants have more advantages as reference preparations.

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F process quality does not meet the requirements.

There are 12 product specifications that failed because the process quality did not meet the requirements, and four of them were reviewed by the consistency evaluation expert Committee again after receiving the objection application from the enterprise. The experts maintained the original conclusion and failed the second review.

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Oxaliplatin for injection of Sanofi-Aventis France is the reference preparation published in the 27th batch. After deliberation by the expert committee for consistency evaluation, the oxaliplatin injection prepared by terminal sterilization process can meet the requirements of product impurity control and stability, and oxaliplatin injection with terminal sterilization should be the first choice, and oxaliplatin for injection is an unreasonable dosage form, so it should be transferred. If the reference is rejected, the declared product has no possibility of approval.

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The selection of reference preparation is the key in the process of generic drug research and development. If the selection is wrong, the project progress will be delayed, and the blood will be lost. By studying the reasons why the reference preparation failed the audit, we can learn a lot of experience in project risk assessment and product research, and clearly judge the value orientation of the country to generic drugs. When researching products, we should not only pay attention to foreign data, but also pay attention to the performance of drugs in China. Try to avoid the embarrassment that the application for reference preparation was rejected, and pay more attention to avoid the tragedy that the selected reference preparation was transferred out of the catalogue.

"Avenue of the Country": the "most beautiful" self-driving route of China G219.

National Highway 219 is a world-class scenic avenue, which starts from Kanas in Xinjiang in the north and ends in Dongxing in Guangxi in the south, with a total length of 10065 kilometers. It is the longest national highway in China at present. Along the way, it passes through snow-capped mountains, glaciers, alpine canyons, rivers and lakes, grassland forests, and finally goes to the sea. The rich landscape and rich folk customs are amazing, covering the border areas of Xinjiang, Xizang, Yunnan and Guangxi. It is the main artery connecting China’s western border, and is called "the road of the country" by go on road trip lovers.

G219 line is divided into old national highway 219 line and new national highway 219 line. The old national highway No.219, the new Tibet highway, starts from Yecheng County in Kashgar, Xinjiang in the north and reaches the 2140-kilometer stone tablet in Lazi County, Shigatse City, Tibet in the south, where it meets the Sino-Nepalese highway section of National Highway No.318, also known as Yela Highway. Kashgar, Hotan, Ali and Shigatse are the main transportation routes connecting Xizang and Xinjiang, and it is also the highest highway in the world, with an average elevation of more than 5,000 meters. It was opened to traffic on October 6, 1957, and has been extended and renovated for many times, with a total length of 2,140 kilometers. It is the third highway to enter Xizang after Sichuan-Tibet Highway and Qinghai-Tibet Highway. The new G219, also known as Kadong Line, was issued by the Ministry of Transport on March 5, 2018. The northern end of the original G219 was extended to Kanas in northern Xinjiang, and the southern end was rerouted to dongxing city in Guangxi. The whole highway passed through Xinjiang, Xizang, Yunnan and Guangxi provinces. The new G219 is 10065km long, which is twice as long as the National Highway 318 (5476km) and the longest national highway in China at present. This national highway not only has the landscape elements such as snow-capped mountains, grasslands, no man’s land, Yadan landform, tropical rain forest and sea, but also becomes an important border defense line in China.

G219, as the longest world-class landscape avenue in China with rich landscapes and rich folk customs along the way, is the highest highway in the world, the main artery connecting China’s western border and the land-sea Silk Road. It travels through different cultural areas in China, and along this way, you can enjoy five peaks, 16 icebergs and 44 glaciers with an altitude of over 8,000 meters … across snow-capped mountains, grasslands, deserts, Gobi, lakes, canyons and plateaus.

Go on road trip G219 starts from Kanas, Xinjiang in the north, passes through Ili along the snowy grassland, passes through the no-man’s land of Ali, Xizang, goes south along Bingchacha and Tengchong in Yunnan, reaches Pingxiang, the border city of Guangxi, and finally reaches Dongxing, where it meets the endless sea. Walking along this world-class landscape avenue, almost all the desirable landscapes are located here.

On December 5, 2020, under the guidance of the Ministry of Culture and Tourism, the cultural and tourism administrative departments of Xinjiang Uygur Autonomous Region, Xizang Autonomous Region, Guangxi Zhuang Autonomous Region and Yunnan Province jointly established the China G219 Tourism Promotion Alliance in Nanning. The establishment of the alliance conforms to the general trend of China’s tourism development, aims at promoting development through tourism, prospering the border and enriching the people, enhancing consensus, sharing experiences and deepening cooperation, and promoting the sustainable and prosperous development of tourism along G219. Since its establishment, the Alliance has organized theme promotion activities in Guangxi and Xinjiang successively. On March 16th this year, Yunnan Province, as a rotating province, will host a promotion activity in Nujiang, Yunnan Province, and organize a team of over 100 people from all over the country to experience the beautiful highway of Nujiang, Yunnan Province, National Highway 219, and feel the unique charm of the national road.

Xinjiang section of National Highway 219

The Xinjiang section of National Highway 219 is 3,216 kilometers long, passing through 8 prefectures and 7 cities in the western border of Xinjiang. It can radiate to 10 5A-level scenic spots and 25 4A-level scenic spots along the way, with beautiful scenery, all-encompassing natural landscape types and colorful humanities and history. Along the way, it includes unique natural landscapes such as snow-capped mountains, alpine meadows, grasslands, wetlands, lakes, glaciers, Gobi, deserts, etc. At the same time, it is also a great penetration from nomadic culture to oasis civilization, which combines the most typical frontier characteristics, natural geography and national customs of Xinjiang and has multiple attributes. In recent years, the strategy of rejuvenating Xinjiang through tourism has been implemented in depth, and the tourism market in Xinjiang has continued to be hot. The Xinjiang section of National Highway 219 has become the "online celebrity Highway" for national tourists to punch in.

Recommended Route 1 of Xinjiang Section of National Highway 219: Red go on road trip at Border Post.

Enter the northwest of the motherland and feel the beauty of the border; Follow the footprints of stationing troops and guarding the border, and pay tribute to the motherland in the northwest. Feel the simple patriotic feelings, visit the beautiful scenery at the port and Baymuzha, reminisce about the story of Xiaobaiyang Post, visit Sun Longzhen Martyrs Memorial Hall, and feel the frontier spirit represented by the spirit of "rooting in frontier defense and flourishing".

Red go on road trip route of border post: Urumqi-Wuerhe ghost city-Rainbow Beach Scenic Area-Burqin County-Baishahu Scenic Area of the 10th Division-185th Regiment of the First Company in Northwest China-Burqin County-Jimunai Port of the 186th Regiment of the 10th Division-165th Regiment of the 9th Division-Baymuzha Scenic Area-Xiaobaiyang Post of the 161st Regiment of the 9th Division, Sun Longzhen Martyrs Memorial Hall-Urumqi.

Recommended Route 2 of Xinjiang Section of National Highway 219: Red Tour in Southern Xinjiang

There is a natural barrier that runs through the northern and southern Xinjiang, and a memorial hall for the reclamation of the 359 brigade that feels the glorious tradition … Driving along the red army reclamation line of the Silk Road, you can feel the frontier scenery, remember the history of the Corps, carry forward the spirit of the Corps, and eulogize the cause of reclamation and frontier defense.

Southern Xinjiang Red Tour Route: Urumqi-Korla-Malan Hongshan Military Expo Park-tiemenguan-Daxi Village-Luobu Village-Luntai Western Duhufu Cultural Town-Kuqa-Aksu Monument to the People’s Heroes-Aksu Museum-First Division Aral 359 Brigade Reclamation Memorial Hall-Chinese People’s Liberation Army March into Hotan Monument.

National Highway 219 Xizang Section

Driving in the Xizang section of National Highway 219 is like walking in the clouds, with an average elevation of about 5,000 meters. The familiar landscapes such as Bangong Lake, Guge Dynasty, Mount Everest, Mabian Yongcuo, Gangrinboqi and Yarlung Zangbo Grand Canyon are all located here.

National Highway 219 is a road into Tibet paved in the air, crossing several hundreds of kilometers of no-man’s land, and the laying conditions are daunting. From "Extreme Ali" to "Zangyuan Shannan", from "Peak Dream" Shigatse to "Snowy Jiangnan" Linzhi, from the stars to the sea, from the mountains to the rivers, there are snow peaks and glaciers, winding streams and beautiful lakes.

Recommended Route 1 of Xizang Section of National Highway 219: Bingchacha Cross-sectional Imagination Road

When G219 meets G214, but Wujiao meets G318;; When the Nujiang River flows parallel to the Lancang River in a narrow place, when Bingcha agrees to Shangri-La, a new Yunnan-Tibet tourism ring line of G219 with "three G tours and three rivers flowing parallel" will be built.

The whole journey is about 1465km: Bingzhongluo (Yunnan)-—G219 National Road-Songta Village (the first village in Tibet)-ChaHuaron-Chayu County-—G559—-Ranwu-Basu-—G214—-Zuogong-Mangkang-Quzika-Deqin (Yunnan)-Shangri-La-Diqing Shangri-La Airport (flying).

Recommended Route 2 of Xizang Section of National Highway 219: Feel the dream trip of the plateau peak.

When G219 meets the highest mountain in the world, G318 holds G219 hand in hand, and the extreme border of the motherland experiences "8" and "9" without "10". I met in Lhasa and walked hand in hand into the hometown of Mount Everest. The snowy peaks are endless, the glaciers are numerous, the streams are winding, and the lakes are hidden. It is only owned by Mount Everest. This is the ultimate journey of "peak dreams and Tibetan border conventions".

The whole journey is about 1850km: Lhasa-Langkazi County-Gyangze-—G219—-Kangma County-Yadong County-Gamba County-Dingjie County-Dingri County-Mount Everest-Nyemora-Lazi-Shigatse City-Lhasa-Gongga Airport (flying).

Recommended Route 3 of Xizang Section of National Highway 219: Tour Link of Tianhu.

When G219 meets the snow-covered "Holy Lake", meets the snow-capped mountains, meets the "Holy Lake", and faces the human history, "take measures again". Encountering glaciers, snow-capped mountains, lakes and historical sites is a "trip to Tianhu" tour loop of "crossing three cities, crossing the holy lake and seeing yourself".

The whole journey is about 2200km: Lhasa-Langkazi County-—G219—-Luozha County-Kangma County-Gamba County-Dingjie County-Dingri County-Jilong County-Saga County-Zhongba County-Gaer County-Ali Kunsha Airport (flying).

Yunnan section of National Highway 219

Enter Bingzhongluo, Yunnan along Bingchacha Highway from National Highway 219, bid farewell to Xizang in the clouds and enter Yunnan in the south of colorful clouds. Here, there are Bingchacha and the mysterious Bingzhongluo, and the southwest monsoon swings in the season of Nujiang Grand Canyon. When I came to the First Bay of Nujiang River and Wuli Village not far away, the dense water vapor refracted the sun, making every corner seem to be full of "fairy spirit". The Yunnan section of National Highway 219 also connects Tengchong, which has the reputation of "the first city on the extreme edge", Lincang, a place where Wa cultures gather in China, Pu ‘er, Xishuangbanna, an emerald on the crown of plants, Honghe and Wenshan, so that tourists can enter Yunnan with spring-like seasons from the deep scenery of ice and snow and canyons.

219国道云南段推荐线路一:高黎贡山秘境之旅

怒江傈僳族自治州境内居住着傈僳族、怒族、普米族、独龙族等21个少数民族,也是我国生物多样性、文化多元性较富集的一个地方,被称为“世界物种基因库”“天然地质博物馆”“一部活的社会发展史”和“民族歌舞的海洋”。在漫长的历史发展中,各少数民族世代繁衍生息,共同耕耘劳作,用自己的血汗和智慧谱写了光辉灿烂的文化篇章,创造了丰富多彩的民族文化。怒江州是因为怒江由北向南纵贯全境而得名。怒江最佳旅游时间在每年的10月至次年4月。219国道横穿怒江州境内的泸水、福贡、贡山、丙中洛。

219国道云南段推荐线路二:保山温泉火山体验之旅

219国道从秘境怒江进入“极边第一城”的保山腾冲市。腾冲市位于云南省保山市西南部,西部与缅甸毗邻,从腾冲到克钦邦首府密支那217公里,是云南到缅甸、印度、泰国的必经地之一。腾冲在西汉时称滇越,大理国中期设腾冲府。由于地理位置重要,历代都派重兵驻守,明代还建造了石头城,称之为“极边第一城”。这里的温泉、火山、雨林与独特的边地汉文化给自驾旅行带来独特体验。219国道在保山市境内途径腾冲滇滩、明光、固东和龙陵县。

Recommended Route 3 of Yunnan Section of National Highway 219: A Tour of Primitive Tribes in Lincang Wa Township

Lincang is an ancient, mysterious and beautiful land, where 23 ethnic minorities have thrived for generations. This is the gathering place of Wa culture in China, and it is also the "eternal spring capital" with pleasant climate all year round. There is a graceful song between the lush mountains and the flowing water. Wild fruits in the mountains and fungi after the rain are natural gifts. Humanity and art achieve each other, and man and nature live in harmony, which creates the mysterious and unique beauty of Lincang. National Highway 219 will pass through three counties here: Yongde, Zhenkang and Cangyuan.

Guangxi section of National Highway 219

The section of National Highway 219 in Guangxi has a total length of 704.2 kilometers, which belongs to the border area between China and Vietnam, involving 3 cities and 8 counties on the border, with rich and unique tourism resources. G219 Guangxi section begins in dongxing city, Fangchenggang, and ends in Napo, Baise, running through the charming scenery of Guangxi’s secret land. Driving through rivers, seas and mountains, a landscape scroll stretching for more than 700 kilometers slowly extends under the wheels. All the way along the mountain and around the water, it sets off the humanities, history and scenery on both sides along the way and carries the memories from the depths of time. It is like a ribbon floating from the Beibu Gulf to the Yunnan-Guizhou Plateau, floating on the mountains and hills. This road is full of poetry and fairyland of Guangxi’s mountains and rivers, and it is also full of pictures of time and customs.

Recommended route 1 of Guangxi section of National Highway 219: Passing through Hena Expressway between landscape galleries, the charming scenery is like a fairyland.

The British "Mirror" once described it like this: "This is the most beautiful road in the world, and the charming scenery means that this may be the road to heaven." This is the Hena Expressway in Guangxi, with a total length of 503 kilometers, which consists of highway sections from Hepu to Qinzhou (142 kilometers), Qinzhou to Chongzuo (129 kilometers), Chongzuo to Jingxi (147 kilometers) and Jingxi to Napo (85 kilometers).

Self-driving route of Hena Expressway: Heiyizhuang Village in Tunlitun, Napo, Baise (the "living fossil" of Zhuang culture)-Jingxi Goose Spring (one of the three famous springs in southwest China)-Jiuzhou Ancient Town (the hometown of Chinese hydrangea)-Tongling Grand Canyon (the waterfall with the largest single-stage drop in Asia)-Detian transnational waterfall in Chongzuo (the largest transnational waterfall in Asia)-Daxin Mingshi Garden (the location of TV series Hua Qiangu)

Recommended Route 2 of Guangxi Section of National Highway 219: Self-driving Chongzuo "Drunk and Beautiful Border Customs Road" to enjoy the mystery and beauty of the border.

In Guangxi, there is a short-distance tourist scenic avenue, which covers almost all the beautiful scenery in nature. Mountains, rivers, rainforests, villages and cultural customs can be found on this line. This is the first-class tourist scenic avenue in Chongzuo, which is one of the routes that self-driving enthusiasts have to go. It has a total length of 84.17 kilometers, connecting Daxin, Longzhou and Ningming counties in Chongzuo, and a line runs through the landmark scenic spots of Chongzuo, such as Detian transnational waterfall scenic spot, Mingshi pastoral scenic spot and Zuojiang Huashan rock painting cultural landscape, and is known as "drunken beauty border customs road".

Self-driving route of the first-class tourist avenue in Chongzuo: Detian Transnational Waterfall in Chongzuo (national 5A-level tourist scenic spot, the largest transnational waterfall in Asia)-Mingshi pastoral scenic spot (location of TV series Hua Qiangu)-Huashan rock painting landscape in Zuojiang (rock painting world cultural heritage)-Nonggang National Nature Reserve (a scenic spot for birdwatchers).

Donghua Energy joined hands with CNNC to build a zero-carbon industrial park. The price of raw materials soared for half a year, and the net profit dropped by more than 80%.

Changjiang business news ● Changjiang Business Daily reporter Ming Hongze

Donghua Energy (002221.SZ), which constantly promotes the industrial layout, has made heavy moves again.

On the evening of September 6, Donghua Energy announced that the company will join hands with China National Nuclear Corporation to jointly promote the high-temperature gas-cooled reactor project, and it is estimated that the investment will exceed 100 billion yuan in the next five years to jointly build a zero-carbon industrial park. The two sides have also conducted in-depth cooperation in other areas.

Donghua Energy said that the above actions will be conducive to the company’s industrial transformation and upgrading, and greatly reduce the production cost of the process.

Donghua Energy was established in 1996. After more than 20 years of development, it has become one of the top 500 Chinese enterprises. The company’s main business was once dominated by trade, and it is the largest LPG trader in the world and the largest LPG importer in China. In recent years, the company has actively implemented industrial transformation, and now it has become the largest propane dehydrogenation manufacturer in the world.

In the past 10 years, Donghua Energy has achieved a continuous increase in net profit attributable to shareholders of listed companies, but since last year, net profit has declined. In the first half of this year, the company’s net profit was only 146 million yuan, down more than 80% year-on-year.

Donghua Energy explained that geographical conflicts, overlapping epidemics, soaring raw material prices and insufficient downstream demand led to a sharp drop in net profit.

Deep binding with CNNC

A paper announcement by Donghua Energy surprised the market.

According to the latest announcement, on September 6th, Donghua Energy and China National Nuclear Corporation (hereinafter referred to as "China National Nuclear Corporation") signed the Strategic Cooperation Agreement (hereinafter referred to as "Agreement"), which is valid for 10 years.

China National Nuclear Corporation (CNNC) is a super-large state-owned key enterprise directly managed by the central government and belongs to the industry giant.

According to the agreement, the two sides will jointly promote the high-temperature gas-cooled reactor project, and it is estimated that the investment will exceed 100 billion yuan in the next five years to jointly build a zero-carbon industrial park.

In addition, the two sides will jointly establish a hydrogen energy alliance, set up a hydrogen energy research institute and a pilot plant, focus on the thermochemical hydrogen production technology route in the preparation of green hydrogen, and develop solid-state storage materials and equipment for hydrogen.

At the same time, in order to build a hydrogen energy industrial chain and effectively deepen strategic cooperation, the two sides will actively promote CNNC or its member units to become strategic investors of Donghua Energy (accounting for 5%-15% of the shares), and appoint directors to participate in the management of Donghua Energy’s board of directors, so as to create a model of mixed ownership reform of "central enterprises+private enterprises". In addition, according to the principle of "giving priority to quality and price", Donghua Energy (Ningbo factory and Zhangjiagang factory) will be provided with economic and zero-carbon power supply.

The reporter of Changjiang Business Daily found that the cooperation between Donghua Energy and China National Nuclear Corporation not only involves a joint investment of 100 billion yuan in the next five years, but also involves a strategic investment in Donghua Energy, which is deeply tied with its equity relationship and has also made specific agreements on power supply. From this, it can be seen that the two are truly deepening comprehensive cooperation.

Investing 100 billion yuan in the next five years, if it is an enterprise of Donghua Energy, it is not generally difficult.

By the end of June this year, Donghua Energy’s total assets were 36.957 billion yuan, with a total market value of 15.748 billion yuan. With such a volume, it’s hard to imagine that you want to invest hundreds of billions. Holding hands with China National Nuclear Corporation, Donghua Energy will become impossible.

For the above cooperation, Donghua Energy said that the synergy effect on the company’s existing business is significant, which is conducive to the transformation and upgrading of the industry and is expected to greatly reduce the production cost of the process. If both parties cooperate on specific projects within the scope agreed in this agreement, it will have a positive impact on the company’s future performance.

Continuous large-scale investment is under financial pressure

Not only is it difficult to achieve a single investment of 100 billion yuan, but at present, Donghua Energy is also under greater financial pressure.

The semi-annual report shows that as of the end of June this year, Donghua Energy’s asset-liability ratio reached 66.43%. At the end of the period, although the company had 9.037 billion yuan of monetary funds on its books, its short-term debt reached 12.788 billion yuan, which showed obvious short-term debt repayment pressure.

Donghua Energy, originally engaged in trade business, is the largest LPG trader in the world and the largest LPG importer in China. In recent years, the company has actively implemented industrial transformation, and now it has become the largest propane dehydrogenation manufacturer in the world. Its industrial transformation is mainly implemented through investment construction and extended mergers and acquisitions.

In 2015, the first phase project of Zhangjiagang Yangzijiang Petrochemical Co., Ltd. was put into production, which is an important symbol of Donghua Energy’s strategic transformation, upgrading and layout of alkane resources comprehensive utilization industry. In that year, the production facilities of the 660,000-ton propane dehydrogenation to propylene project and the 400,000-ton/year polypropylene project were basically produced at full capacity.

Zhangjiagang Yangzijiang Petrochemical Department was established by Donghua Energy in 2011 with a capital contribution of 560 million yuan, with a shareholding ratio of 56%. In May 2015, the company acquired the remaining 44% equity at a price of 500 million yuan. From 2017 to 2019, Donghua Energy also successively acquired 100% equity of Baoying Jinfan, 100% equity of Polyentang Electronics, 100% equity of Tiansheng Port, and partial equity of Ningbo New Materials to carry out industrial transformation layout.

In 2019, the company announced that it would invest 16.67 billion yuan to build a comprehensive utilization project (Phase I) of alkane resources in Maoming. In order to strengthen the comprehensive utilization of hydrogen energy, in July last year, the company threw out acrylonitrile and its supporting projects to extend the industrial chain, with an estimated investment of more than 6.5 billion yuan.

At present, the company has three production bases in Zhangjiagang, Ningbo and Maoming, and some production capacity is still under planning and construction.

Donghua Energy said that the company will build the world’s largest olefin industrial base based on green chemicals, and plan 10 million tons of polypropylene and multi-copolymerization.

In recent years, the company’s investment cash flow has continued to flow out. From 2020 to the first half of this year, their net outflows were 1.054 billion yuan, 2.852 billion yuan and 1.911 billion yuan respectively.

Because of this, the company bears great financial pressure. In the next five years, the company and China National Nuclear Corporation will jointly invest 100 billion yuan, which will inevitably aggravate its financial pressure.

At one time, Donghua Energy showed strong profitability. In 2016, the company realized a net profit of 470 million yuan. From 2017 to 2020, its net profit increased slowly, but both exceeded 1 billion yuan. In 2021, its net profit dropped by 5.82% to 1.14 billion yuan.

However, in the first half of this year, the company’s performance fell sharply. The semi-annual report shows that its operating income was 15.192 billion yuan, up 6.54% year-on-year, the corresponding net profit was 146 million yuan, and the net profit after deducting non-recurring gains and losses was 95 million yuan, down 80.60% and 86.53% year-on-year.

Donghua Energy explained that geopolitical conflicts triggered international turmoil and superimposed global epidemics, which led to a sharp rise in propane prices. Downstream, due to the epidemic, construction was insufficient, and performance dropped significantly due to the squeeze at both ends.

Will Donghua Energy’s ability to resist risks be enhanced by accelerating industrial layout and financial pressure?

Reporting/feedback

"Enthusiasm" issued a new poster. Bo Huang and YiBo joined hands to perform hot youth


1905 movie network news The film officer announced the summer vacation and released the poster of "Hot Youth". The film is directed by, with Chen Zhixi as the chief producer and leading the street. The background of the poster is bright and colorful, like wanton youth and blood! Bo Huang and YiBo, the two leading actors, laughed shoulder to shoulder, and there was hope in their eyes. Let the audience can’t help but look forward to their stories.


The movie "Enthusiasm" tells the story of hip-hop mr. six Ding Lei (Bo Huang), who meets Chen Shuo (YiBo), a young boy who loves and pursues his dreams firmly. By chance, Chen Shuo joins the hip-hop troupe run by Ding Lei — — Exclamation mark, the master in the dance troupe is like a cloud, with different personalities, and Chen Shuo collides with different sparks and jokes. Chen Shuo enthusiastically pursued his dream and looked forward to the opportunity to play, only to find that everything was not as smooth as expected after entering the dance company. Ding Lei and Chen Shuo are facing their own difficulties in life. Can the unknown frustrations and blows make the mentoring and apprentices continue to join hands in the national competition? This mystery will be revealed after the film is released.


The poster of "Hot Youth" appeared in YiBo, Bo Huang, and the two men were blown up in the summer.


In the poster of "Hot Youth" released, the interaction of the two leading actors shoulder to shoulder caused netizens to speculate and discuss the relationship between the characters, and some netizens even used "being a teacher and a friend" to describe the status of the two characters. The background of the poster is gorgeous and unique, which belongs to the hot breath of summer, burning and warm, and you can feel youthful just by looking at the poster.


The fresh collocation of Bo Huang, a veteran actor, and YiBo, a young actor, has aroused the expectations of countless netizens for the film. One is mr. six, who has been a hip-hop coach for seven years, and the other is a new generation of actors. Their youthful "dislocation" collision in different times is bound to spark unexpected sparks.


Persistence in "enthusiasm" — — Is to pay tribute to every ordinary person who insists on loving.


The story of the film "Enthusiasm" is a gift from the master to every ordinary person who keeps loving life. Ding Lei’s persistence in winning the championship, Chen Shuo’s persistence in the stage, this kind of fighting spirit that seems to be "invincible Xiaoqiang", and his persistence in gritting his teeth in difficulties, truly pay tribute to everyone who works hard for love. Free and enthusiastic, hot and unrestrained is everyone’s attitude towards life. This story of breaking through all difficulties to pursue dreams is also a portrayal of thousands of ordinary people in Qian Qian who keep their love for their dreams.


Ding Lei and Chen Shuo met on their own dreams, and two different eras collided "enthusiastically". Survival and initial heart, friendship and reality finally gathered on one stage, and the stage of their youth never ended. Dreamcatchers of different generations encourage each other, making the film create new heights from all levels. This is exactly what director Dapeng wants to express. Youth never ends, and we will always be enthusiastic for love! Let’s meet the movie "Enthusiasm" in summer and blow it up together.


The movie "Enthusiasm" will be released in summer, so look forward to it!


[Ground Evaluation Line] Caiyun Online Review: Let the theme education release lasting effectiveness

  Duan Zongke, Special Commentator of Caiyun Online Review

  On January 8th, the educational summary meeting on the theme of "Do not forget your initiative mind, Remember Mission" was held in Beijing. General Secretary of the Supreme Leader attended the meeting and delivered an important speech. He stressed that the whole party should take this theme education as a new starting point, constantly deepen the party’s self-revolution, continue to promote the party’s Do not forget your initiative mind and keep in mind its mission.

  Summing up does not mean reaching the end, but starting a new journey on the basis of learning from experience. Theme education has a deadline, but Do not forget your initiative mind, keep in mind that the mission is never ending. General Secretary of the Supreme Leader pointed out that our party must always win the support and support of the people and write the great achievements of the Chinese nation for a thousand years, and must always bear in mind its initial heart and mission. This requires us to take Do not forget your initiative mind, bearing in mind the mission, as the eternal task of strengthening Party building, and the lifelong task of self-purification and promotion of cadres in party member, and make unremitting efforts for a long time to make the theme education release lasting effectiveness.

  Solidly summarize and improve the "storage battery"Under the strong leadership, deployment and promotion of the CPC Central Committee with the Supreme Leader as the core, and taking the lead in setting an example, the theme education of "Do not forget your initiative mind, Remember the Mission", a serious and profound baptism of party spirit, stirred up the whole party and achieved a series of major achievements. In order to release the lasting effectiveness of theme education, it is necessary to look back on the practical process in an all-round way and sum up successful experiences, so as to accumulate strong energy and lay a solid foundation for deepening the party’s self-revolution. Of course, summing up can’t be a complacent introduction of experience and a simple piling up of achievements, but should be refined and sublimated on the basis of summing up and summarizing. It is more important to look at the problem from a developmental perspective and a practical attitude. Only by constantly optimizing the measures of "keeping the original heart, taking the mission, finding the gap and grasping the implementation" can we inject lasting kinetic energy into the self-revolution.

  Ignite the long-term mechanism "engine"."Resolutely remove all factors that weaken the party’s advanced nature and damage the party’s purity, resolutely remove all cancers that breed on the party’s body, and resolutely guard against all dangers that violate the initial heart and mission and shake the party’s foundation." This is a long-term and systematic project, which must be done for a long time. It is inseparable from strong institutional guarantee to continuously promote the Do not forget your initiative mind of the whole party and keep in mind its mission. Although the theme education has come to an end, Do not forget your initiative mind’s mission needs not only immediate "immediate change", but also long-term management. Since the 18th National Congress of the Communist Party of China, the CPC Central Committee with the Supreme Leader as the core has attached great importance to institutional governance. At the Fourth Plenary Session of the 19th CPC Central Committee, it was proposed to establish a system of Do not forget your initiative mind and keeping the mission in mind. On the basis of summing up, establishing a simple, pragmatic and accurate long-term mechanism will undoubtedly ignite the engine of keeping the original heart and carrying out the mission.

  An "accelerator" to stimulate the vitality of the grassroots.General Secretary of the Supreme Leader pointed out that the mission of Do not forget your initiative mind and Mindfulness should be realized through the joint efforts of the whole Party. The key to running China well lies in the Party, and the most solid and active source of strength for the Party’s work lies in the grassroots. Doing a good job of summing up and upgrading is to start a new journey, build a long-term mechanism to promote going deep, going real and going far. Besides these, it is also essential to stimulate the vitality of the grassroots, give birth to Do not forget your initiative mind, and keep in mind the vivid and vivid grassroots innovation practice. "Bearing in mind the initial heart and mission, we must persist in serving the people wholeheartedly." Do not forget your initiative mind, whether the measures to keep in mind the mission are effective or not, and whether the results are remarkable or not, must be tested by the masses’ sense of gain. To this end, it is necessary to give full play to the initiative of grassroots innovation and creation, and to refuel and add strength to the release of lasting effectiveness of theme education with colorful grassroots practices.

  "You can’t expect to declare success through one or two educational activities. ‘ The revolution has not yet succeeded, and comrades still have to work hard ’ This sentence is always going on. " Ending is not ending, and summing up is not ending. "Do not forget your initiative mind, keep in mind the mission" is always on the road, so that the theme education will release lasting effectiveness, and our party will surely lead the great ship "China" to a brighter future.