A few days ago, the the State Council executive meeting deployed measures to increase the basic living security of the people in need, so as to secure the bottom line of people’s livelihood.

At the regular briefing on the State Council policy held by the State Council Office on August 26th, Yang Yinkai, deputy secretary general of the National Development and Reform Commission, introduced that from September this year to March next year, the linkage mechanism of price subsidies will be adjusted in stages, and the policy of "expanding the scope of protection and lowering the starting conditions" will be implemented, so as to increase the price subsidies for the needy people and effectively grasp the bottom line of people’s livelihood. It is estimated that the policy will cover 67 million people after the expansion.

One-time living allowance will be issued to people with difficulties such as the minimum living allowance, which will be fully completed by the end of August.

Since the beginning of this year, the bottom-up safeguard measures have been continuously improved, and the assistance to the people in need has also increased. By the end of June this year, 40.62 million people had received assistance from urban and rural residents, including 7 million urban residents and 33.62 million rural residents. The national urban minimum living standard is 734 yuan per person per month and the rural minimum living standard is 554 yuan per person per month; In the first half of this year, the accumulated expenditure on subsistence allowances was 92.62 billion yuan.

In order to implement the requirements of "expanding the minimum living allowance and increasing efficiency", the civil affairs department has continuously improved the minimum living allowance system. Liu Xitang, director of the Social Assistance Department of the Ministry of Civil Affairs, said that seriously ill and severely disabled people in marginal families have been included in the subsistence allowance alone, forming a combination of household insurance and personal insurance, and the system has more capacity; Encourage all localities to decentralize the examination and confirmation authority of subsistence allowances from the past counties to streets and towns to improve the efficiency of examination and verification; In addition, for low-income families whose per capita income exceeds the local minimum living standard after employment, a gradual retirement period of six months to one year will be given.

The temporary assistance system is mainly aimed at solving the sudden, urgent and temporary basic living difficulties encountered by urban and rural people. Since the beginning of this year, affected by epidemic and disaster, the number of people in need has increased. A few days ago, the the State Council executive meeting requested that the one-time living allowance issued to the needy people such as the minimum living allowance should be paid in place as soon as possible.

Residents, including migrant workers, who are unable to return to work due to the epidemic, have no income for three consecutive months, and are not included in unemployment insurance, can apply for a one-time temporary relief fund at their place of residence or domicile. Liu Xitang said that the work is progressing smoothly. Seventeen provinces in the country have all paid out, and all localities have issued an additional subsidy of 8.08 billion yuan for 40.18 million low-income recipients and extremely poor people, accounting for 90% of the total number of people in need. "It is expected that the work will be fully completed by the end of August, and the total amount of funds distributed is expected to be close to 10 billion yuan."

This year, the central government allocated 154.68 billion yuan to help the needy, an increase of 7.06 billion yuan over last year, and the local budget also increased investment accordingly. In the first half of the year, the national financial expenditure totaled more than 120 billion yuan, up 7% year-on-year.

Liu Xitang said, "Social assistance funds such as subsistence allowances are the focus of people’s livelihood security, and they are also the focus of financial support. It is no problem to implement special fund management and timely and fully distribute social assistance funds such as subsistence allowances."

The linkage mechanism of price compensation expands the scope of protection and reduces the starting conditions, which is expected to benefit about 9 million more people.

From January to July this year, China’s consumer price index (CPI) rose by 1.8% year-on-year, and rose by 2.7% year-on-year in July. Yang Yinkai said that due to factors such as imported inflationary pressure and seasonal increase in pork prices, the domestic price level may be slightly higher than that of the previous months in the latter months of this year to the first quarter of next year, which is lower than that of cardinal utility in the same period last year.

In order to alleviate the impact of rising prices on the basic livelihood of people in need, the linkage mechanism of price subsidies will be adjusted in stages from September this year to March next year.

After the adjustment, the scope of protection has been expanded. The current linkage mechanism of price compensation covers seven groups, including urban and rural minimum living allowances, destitute people, people receiving unemployment insurance benefits, special care recipients enjoying regular state pension subsidies, orphans, children who are actually left unattended and children infected with HIV, totaling about 58 million people.

On the basis of the above-mentioned seven groups, this time, two groups, namely, people receiving unemployment benefits and marginal population with minimum living allowance, will be added into the scope of protection of the linkage mechanism of price compensation. After expanding the scope of protection, it is expected to benefit about 9 million more people and cover about 67 million people in need. Conditional places can further expand the scope of protection.

Wan Jinsong, director of the Price Department of the National Development and Reform Commission, introduced that the people receiving unemployment benefits and the marginal population with low living allowances will be included in the scope of protection in stages, mainly considering that the people receiving unemployment benefits are unemployed, their income sources are unstable, and their lives are facing certain difficulties; Although the income of the marginal population is slightly higher than the minimum living standard, the living standard is generally low.

After adjustment, the starting conditions are reduced. The monthly year-on-year increase of CPI in the starting conditions of the price subsidy linkage mechanism was reduced from 3.5% to 3.0% in stages, while other starting conditions such as issuing price subsidies when the food price in CPI rose to 6% year-on-year, were kept unchanged, and the price subsidy linkage mechanism was started when any conditions were met.

"Reducing the start-up conditions is mainly due to the impact of epidemic situation and disasters. The income growth of people in need faces more difficulties, and the feeling of rising prices may be more obvious." Wan Jinsong said that after lowering the starting conditions, it is expected that the number of months and the starting area of the price subsidy linkage mechanism will increase significantly, which means that more people in need can receive price subsidies.

All localities will grant temporary price subsidies of about 20 billion yuan to people in need.

According to statistics, since 2020, local governments have distributed temporary price subsidies of about 31.5 billion yuan, benefiting 530 million people in need.

After adjusting the linkage mechanism of price subsidies in stages, it is estimated that from September this year to March next year, all localities will provide temporary price subsidies of about 20 billion yuan to the needy, of which about 7 billion yuan will be increased due to expanding the scope of protection and lowering the starting conditions.

Where does the additional funds come from? According to reports, the additional funds for those who receive unemployment insurance benefits and unemployment subsidies are paid from the unemployment insurance fund; The central government will provide subsidies to other needy people in different regions, including 30% in the eastern region, 60% in the central region and 80% in the western region.

"Temporary price subsidies are issued by the local authorities first and settled by the central government." Wan Jinsong said, in the current situation that governments at all levels are living a "tight life", the state still decided to adjust the linkage mechanism of price subsidies in stages and increase the price subsidies for the needy people, which fully demonstrated that the CPC Central Committee and the State Council always cared about and cared about the needy people, and always placed the protection of their basic livelihood in a prominent position.

Yang Yinkai said that the National Development and Reform Commission will work with relevant departments to strengthen work guidance, ensure that all the work of price subsidies is carried out in an orderly manner, and ensure that policy deployment can be fully implemented. (Reporter Lu Yanan)

　　CCTV News:On the afternoon of December 13th, the State Council Joint Defense and Control Mechanism held a press conference. A reporter asked, some elderly people wanted to be vaccinated before, but they were assessed as inconsistent due to basic diseases and other reasons. Does this mean that they have not been vaccinated against COVID-19?

　　Wang Huaqing, chief expert of immunization program of China CDC, responded that if there is a serious allergic reaction after vaccination, this kind of vaccine can’t be vaccinated again in the future, and most other situations belong to a slow vaccination scenario. In the early stage, because of the basic diseases, we assessed that it was impossible to vaccinate, and most of this situation belonged to delayed inoculation.

　　He said that if this elderly person has a basic disease, he is in the early stage of attack, he is in a stable stage after a period of treatment, or he can’t be vaccinated because of special treatment. When the special treatment is over, these people can consider vaccination, especially in the current situation where the epidemic intensity is relatively large and there are many sources of infection, these people can be vaccinated again after re-evaluation and permission. The elderly should be well protected before they are vaccinated, and this kind of protection is also needed in the later period. If he enters the stable period of the disease and after the special treatment, it is recommended to vaccinate as soon as possible if he meets the conditions.

　　Evening News (Reporter Yan Li) For children who have not yet entered adolescence, precocious puberty is not a good thing, so many parents are concerned about it. Huang Le, chief physician of endocrinology department of Tianjin Children’s Hospital, suggested that the appearance of precocious puberty will not only hinder children’s growth and development, but also affect their physical and mental health.

　　A sign of precocious puberty

　　The precocious puberty signals of boys and girls are very different. Generally speaking, girls develop puberty before the age of 8 or boys before the age of 9, which can be preliminarily judged as precocious puberty. If a girl has breast enlargement, pubic hair growth, armpit hair growth, vaginal discharge increase before the age of 8 or menstruation before the age of 10, parents should pay attention to any of these changes, which is the signal of precocious puberty of girls. Before the age of 9, if boys have testicles and penises growing up, scrotal skin folds increase and the color deepens, penile erection increases, and even some boys produce semen, these are all signs of precocious puberty in boys.

　　In addition, children’s precocious puberty has several characteristics, such as sudden increase in height, obvious development in a short time, and may have symptoms such as headache, vomiting and blurred vision. If children who have not entered adolescence have the above phenomenon, parents should also pay attention to it in time.

　　The harm of precocious puberty

　　The most obvious harm of precocious puberty is that it may affect the height of children. Adolescence is the fastest stage of children’s growth and development. If children have precocious puberty before puberty, it may affect their height development. Clinical cases show that some children with precocious puberty will greatly slow down their growth rate and their height will be shorter than that of normal children.

　　Secondly, precocious puberty will affect children’s mental health, and children with precocious puberty may have some physical differences with children of the same age, which will have an impact on children’s psychology.

　　Furthermore, precocious puberty may affect the development of children’s reproductive system. With the continuous improvement of people’s living standards and the improvement of dietary nutrition, children’s sexual development is now relatively advanced, so parents need to pay more attention to this aspect. In addition, the causes of children’s precocious puberty are complicated and influenced by many factors such as heredity, diet and environment, so it is more necessary to seek medical treatment as soon as possible, otherwise it is likely to affect the child’s future development.

　　Prevention of precocious puberty

　　In order to avoid precocious puberty, parents can adjust their children from the aspects of diet, exercise and sleep.

　　Parents should pay attention to balance their children’s diet, and don’t have to deliberately emphasize fineness. It’s best to eat coarse grains and flour and rice in a balanced way. The doctor suggested that children should eat less snacks and eat some fruits in addition to the normal three meals a day, but they should not delay the dinner. Parents should drive their children to exercise moderately. Doctors suggest that when the weather is fine, parents should take their children outdoors for at least one hour at a time. Parents should urge their children to get enough sleep every day and try to sleep around 21 o’clock. Children generally need 10 to 12 hours of sleep every day, and at least 9 to 10 hours of quality sleep should be guaranteed.

　　In addition, doctors remind parents that if children are found to have precocious puberty, they should go to regular hospitals in time, be tested by scientific diagnostic methods such as hormone level, B-ultrasound and CT, and be treated according to the doctor’s advice.

Only after handing over the best mid-year report in history, BYD (002594.SZ) immediately encountered the test of investor confidence by Buffett’s reduction.

Since 2022, BYD’s various businesses have generally been "opened". In terms of new energy vehicles, sales exceeded 100,000 vehicles for five consecutive months, and surpassed Tesla to top the global sales in the first half of 2022. At the same time, the installed capacity of power batteries has steadily increased. In May, it surpassed LG in the installed capacity ranking of global power battery enterprises and became the second in the world.

Under the blessing of two ace businesses and high market valuation, BYD ushered in an unexpected but unexpected Davis double click — — On June 10th, BYD’s total market value successfully exceeded one trillion, becoming the first domestic automobile brand with a market value exceeding one trillion.

But there were Ning Wang and Tesla before, followed by Wei Xiaoli. Can the trillion "Diwang" take the lead in the increasingly white-hot global new energy vehicle war and bring more imagination beyond the valuation of nearly 300 times?

Berkshire’s answer now seems to be no: for the first time in 14 years, it reduced its holdings by more than 6 million shares. There are still 219 million shares in hand, will the market outlook continue to cash out? This makes the market quite a bit floating.

Go back to the basic disk. BYD has been building its own winning weapon for many years — — The industrial chain layout and vertically integrated business structure have made it frequently criticized, and now it is highly respected and has become "the only company that has completely withstood the blockade, chip shortage and rising raw material prices".

After the profit turning point, whether BYD’s whole industrial chain layout can escort and promote its sustained high growth, and how unique industrial ecological landscape will be generated, this paper will deconstruct and analyze its two main businesses, new energy vehicles and power batteries, and find out.

The full text is long, mainly from the following aspects:

New energy vehicle business

1.1 Upstream chip: self-core-made, and it has become the power semiconductor faucet of domestic vehicle specifications.

1.2 Mid-stream auto parts: Can the "Foday System" be both internal and external?

1.3 intelligent mid-stream vehicles: self-research capability needs to be improved.

1.4 Downstream production base: The layout quantity is relatively advanced.

Second, the power battery business

2.1 upstream lithium ore and raw materials: self-production and equity participation.

2.2 Battery technology and key equipment are independently developed.

2.3 layout power battery recycling, trying to solve the demand for raw materials.

2.4 The production capacity continued to expand, adding multiple production bases.

I. New energy vehicle business

Cars are undoubtedly BYD’s most profitable business segment.

In the first half of 2022, BYD sold 646,400 vehicles, up 162.03% year-on-year, of which 638,200 were new energy passenger vehicles, up 324.84% year-on-year, and the domestic market share reached 24.7%, up over 7.5 percentage points from 2021.

In terms of revenue, in the first half of 2022, the proportion of automobiles, related products and other products in total revenue increased from 52.20% in the first half of 2021 to 72.55% in the first half of 2022, achieving revenue of 109.267 billion yuan, a year-on-year increase of 130.31%.

In terms of profit, BYD ended the situation of increasing income without increasing profit. In the first half of the year, it realized a net profit of 3.029 billion yuan, a year-on-year increase of 721.72%.

"BYD has a high configuration and a low price, so it sells well. After its market share is stable, it will gradually raise prices and its profitability will improve." A new energy fund manager said that the complete industrial chain layout has also promoted BYD’s profitability.

Wang Chuanfu once said that foreign suppliers despises new independent brands and can only rely on themselves at first. It is both a challenge and an opportunity. It is from the initial forced "self-production and self-supply" that BYD has stepped forward to the present.

1.1 Upstream chip: self-core-made, and it has become the power semiconductor faucet of domestic vehicle specifications.

In 2002, BYD set up the integrated circuit design department, which started almost simultaneously with its plan to build cars and batteries. In 2004, IT officially entered the field of microelectronics and optoelectronics in the IT industry, and BYD Microelectronics was established, which was later BYD Semiconductor. Recently, BYD Semiconductor has submitted a prospectus to Shenzhen Stock Exchange, intending to be listed on GEM.

BYD has been developing its own chips for 20 years, and now it has become the largest power semiconductor IDM enterprise in China. According to BYD Semiconductor’s prospectus, the company’s main business is divided into five sectors: power semiconductor, intelligent control IC, intelligent sensor, photoelectric semiconductor, manufacturing and service, and the revenue in 2021 accounts for 43.22%, 13.46%, 19.25%, 18.69% and 5.38% respectively.

Among them, the power semiconductor business with the largest proportion of revenue mainly adopts IDM business model, and has formed a complete industrial chain including chip design, wafer manufacturing, module packaging and testing, and system-level application testing. The products mainly include IGBT chips, FRD chips, IGBT modules, IGBT single tubes, IPM modules, SiC modules, etc., which are applied to new energy vehicles and other fields.

BYD Semiconductor has set up an IGBT R&D team since 2005. IGBT can convert direct current into alternating current, which is an indispensable device for new energy vehicles. At present, the company’s vehicle-class IGBT module has matched BYD’s new energy vehicles, and the total shipment volume ranks first in China, breaking the monopoly of overseas manufacturers.

At the same time, BYD Semiconductor is also the first power semiconductor enterprise in the world and the only one in China to realize the large-scale loading of SiC three-phase full-bridge modules in motor drive controllers of new energy vehicles. It has broken through technical problems such as high-temperature packaging materials, long-life interconnection design, high heat dissipation design and vehicle regulation level verification, and realized the large-scale application of SiC modules in high-end models of new energy vehicles.

Intelligent control IC products include MCU chip, power IC and BMSAFE chip. At present, Fabless business model is mainly adopted.

In the field of vehicle regulation MCU, BYD Semiconductor is also the first echelon in China. The company’s car-level 8-bit MCU chip has been mass-produced since 2018, and is mainly used in automotive electronic control scenes such as car lights and car buttons; The 32-bit MCU chip of vehicle regulation level is designed according to the requirements of ISO26262 safety level standard, and it integrates various communication modules, which can be applied to automotive electronic control scenes such as electric windows, electric seats, wipers, lights and instruments.

Wang Chuanfu once said that the electrification of automobiles has brought about great changes that have never happened in a hundred years, and the industrial supply chain system is bound to be reconstructed. "In the field of semiconductors, the demand for semiconductors in electric vehicles is 5-10 times higher than that in traditional vehicles. Electric cars are in the first half, smart cars are in the second half, and smart cars have greater demand for semiconductors. "

However, there are only a handful of car companies that make their own chips. After all, the research and development cycle is long and the investment is large, which is not cost-effective, especially the IDM model with heavy asset investment.

In the tide of core shortage that swept the world in the past two years, automobile chips were in the most shortage, especially the power semiconductor of automobile gauge and MCU in vehicle. The advantages of BYD’s self-made chips were fully reflected.

Can BYD Semiconductor supply in bulk to other car manufacturers in the future? At present, in addition to supplying BYD Group, its vehicle-grade power semiconductor products have entered the supply systems of manufacturers such as Xiaokang Automobile, Yutong Automobile, Foton Motor, Ruiling, Beijing Times, Invigorate, Blue Ocean Huateng and Huichuan Technology, but in 2021, the revenue from BYD Group still accounted for more than 60%.

1.2 Mid-stream auto parts: Can the "Foday System" be both internal and external?

"BYD’s overall supply chain was relatively weak during the epidemic. Some core components were done by its own business department, and the control of the supply chain was relatively in place." A new energy analyst of a brokerage recently said in an interview with CBN.

In March 2022, BYD launched an independent Foday brand and officially announced the establishment of Foday Company. The company has operational autonomy and the core components of new energy are sold to the outside world.

According to Wang Chuanfu, as a sub-brand of BYD, Foday Department is a complete auto parts supporting system, which is an inevitable choice for BYD after years of vertical integration. After the split, it will be priced according to the market-oriented mechanism to form a profit center.

On the one hand, Foday Company guarantees the safety of BYD’s industrial chain, on the other hand, it can broaden the company’s growth space through external supply, which is expected to open a second growth curve in the field of auto parts.

Up to now, BYD has five auto parts companies: Foday Mould, Foday Power, Foday Battery, Foday Technology and Foday Vision, and through these five companies, it has realized self-supply in the fields of power battery, electric drive system, electric vehicle platform, thermal management system, lighting system and battery management system.

In terms of batteries, since 2020, Foday Battery has established a number of "Foday Department" battery companies.

From Bengbu Fudi Battery Co., Ltd. in 2020 to Wuwei, Yancheng, Jinan, Shaoxing, Chuzhou, Fuzhou Fudi Battery Co., Ltd. and Chongqing Fudi Battery Research Institute Co., Ltd. in 2021, and then to Xiangyang, Taizhou, Nanning, and Guangxi Fudi Battery Co., Ltd. in 2022, the total number is more than ten.

In February 2022, the power battery project of FAW Fudi New Energy Technology Co., Ltd., which was jointly registered by China FAW Group and BYD, officially started. With a total investment of 13.5 billion yuan, the project can meet the configuration requirements of 600,000 electric vehicles every year after it is completed and put into operation, and realize an annual output value of more than 20 billion yuan.

In terms of electric drive, in March 2022, Skyworth Motor released the Skyworth HT-i model. Some insiders said that the Skyworth HT-i model adopted the HT-i system developed by Foday Power and Skyworth, and the HT-i system was tailored for Skyworth Motor.

As early as 2019, BYD released the "BYD New Energy Vehicle Parts Selection Manual", which externally supplied core components such as powertrain, motor, electronic control and power supply.

1.3 intelligent mid-stream vehicles: self-research capability needs to be improved.

BYD, which started from the traditional manufacturing industry, did not have the conditions to impact the high-end in the era of fuel vehicles. With the advent of the intelligent era, BYD’s self-research and foreign cooperation were driven by both, and it got the tickets for the second half in advance.

Yang Dongsheng, vice president of BYD and president of Product Planning and Automotive New Technology Research Institute, once said that the core of automotive intelligence lies in the intelligent cockpit. After three years of development, BYD’s DiLink system applied to the intelligent cockpit has launched version 4.0 in 2021.

Previously, in the second half of 2020, BYD Intelligent Networking Center also released DiPilot, an advanced intelligent driving assistance system for automobiles, for the first time, which includes DiDAS intelligent assistance technology and DiTrainer coaching mode.

At present, BYD’s main subsidiary, Foday Technology, is engaged in research related to intelligent cockpit, ADAS and vehicle networking. The specific products include multimedia systems, blind spot monitoring systems, automatic parking, panoramic images and intelligent forward-looking. At the same time, Foday Seiko has relevant layout in smart car, and its specific products are lighting combination headlights and rear lights, rearview mirrors, indoor and outdoor photo lamps, etc. In addition, the Automotive Smart Ecology Research Institute is engaged in the research and development of open smart car platforms, smart customer relationships and smart car applications.

However, compared with electrification, BYD’s intelligent self-research ability needs to be improved.

"It is difficult for BYD to make breakthroughs in intelligent driving and software systems. Now it is basically the world of Huawei and several foreign players." The above fund manager said. There are even more extreme voices saying that BYD’s shortcomings in the direction of intelligence are as obvious as its advantages in electrification.

Among them, hardware configuration and OTA (over-the-air download technology) are the main gaps between BYD and the new car-making forces.

The Qualcomm Snapdragon SM6350 chip used in BYD DiLink 4.0 platform is a mid-to high-end processor, while the mainstream cockpit chips of Tucki P5, Weilai ET7 and ET5 all use Qualcomm Snapdragon SA8155P chip. SA8155P chip is the top-level chip in Qualcomm, and it is in the first echelon in the automotive chip industry. At the same time, BYD has also faced problems such as upgrade trouble and poor user experience in OTA.

Judging from the layout of BYD’s R&D, it seems that the company really prefers electrification. In 2021, BYD’s R&D investment reached 10.63 billion yuan, a year-on-year increase of 24.20%. The projects involved mainly included blade battery technology, energy storage products (BMS-active) and DM-i super hybrid.

How will BYD handle itself in terms of intelligence?

At the same time of self-research, BYD chose to strengthen cooperation with the outside world in an effort to make up for the shortcomings of the industrial chain.

In 2018, BYD and Baidu Apollo signed cooperation agreements related to new energy vehicles, driverless technology and vehicle asset sharing operations.

In 2019, BYD signed a strategic cooperation agreement with Huawei, and BYD Han was equipped with Huawei HiCar；; In March 2021, the company strategically invested in Horizon, an automotive smart chip enterprise; In November 2021, Momenta, a company related to autopilot software, established a joint venture company "Dipai Zhixing" for high-level autopilot layout; In December 2021, it reached a strategic cooperation agreement with sagitar Juchuang (mainly engaged in intelligent lidar system), and officially led sagitar Juchuang in February 2022. In February 2022, Baidu was selected as the supplier of intelligent driving system; In March of the same year, it reached a cooperation with NVIDIA, and it is planned to install NVIDIA DRIVEHyperion platform on some vehicles in the first half of 2023 to realize a higher level of intelligent driving function.

1.4 Downstream production base: the layout quantity is relatively advanced.

In April 2022, when the epidemic was serious, BYD’s pure electric and plug-in hybrid products were ranked first in the sales of passenger car brands.

The reason why BYD’s sales volume can ride the dust, in addition to the materials needed for self-supply, the widely distributed production base also contributed.

Compared with enterprises such as Weilai, Ideality and Tesla, which have only one production base in China, BYD has built four automobile production bases in Shenzhen, Xi ‘an, Changsha and Changzhou. In June 2022, the first complete vehicle Qin PLUSDM-i of BYD Hefei Base Phase I was successfully rolled off the assembly line, and five other factories, including Fuzhou, were under construction. This means that once there is an emergency, BYD can minimize the risk of downtime.

According to the data of China Investment Network, as of May 2022, BYD’s annual production capacity has reached 1.3 million vehicles, and it is expected to reach 3.4 million vehicles in 2022. With the steady implementation of mass production plans of some factories, the vehicle production capacity will reach 4.05 million vehicles in 2023, and the scale effect will be further revealed.

It is reported that at present, BYD’s four bases in Jinan, Hefei, Zhengzhou and Shenshan all adopt the mode of "parts+whole vehicle", which can predict in advance to reduce the accumulation of parts and spare parts and reduce the stocking cost as much as possible.

Second, the power battery business

The struggle between Ferrous lithium phosphate and Sanyuan never stopped. Wang Chuanfu, who has worked with batteries for decades, insists that BYD can only find a way out in China and the world if it is Ferrous lithium phosphate. Despite the twists and turns, BYD finally won back the main battlefield of lithium iron phosphate battery with its high-performance blade battery.

According to the data of China Automotive Power Battery Industry Innovation Alliance, with the accelerated loading of blade batteries, the installed capacity of BYD power batteries increased from 16.2% in 2021 to 22.25% in the first seven months of 2022.

However, the financial report shows that in 2021, BYD’s secondary charging and photovoltaic business (including power battery business) achieved revenue of 16.471 billion yuan, a year-on-year increase of 36.72%; The gross profit margin was 11.94%, down 8.22 percentage points year-on-year.

To say who is holding back the profitability of power batteries, the high probability is the lithium mine whose price is "constantly rising". BYD’s power battery business has undoubtedly faced the challenge of high raw material prices since 2021. In fact, in order to stabilize the supply chain and control the battery cost, BYD has been trying to enter the upstream lithium mine field in recent years, and at the same time, it has intensified its efforts to lay out the middle-stream lithium battery equipment, downstream power battery recycling and other businesses.

2.1 upstream lithium ore and raw materials: self-production and equity participation.

In March, 2022, Wang Chuanfu said at the committee of 100 Forum on Electric Vehicles in China that the soaring price of battery raw materials was a challenge that the industry needed to overcome. He suggested that the layout and production capacity of lithium carbonate resources should be comprehensively sorted out, the domestic mining volume and foreign imports should be increased, and the price expectation should be stabilized.

BYD mainly arranges lithium resources by investing in lithium resource enterprises, establishing joint ventures with lithium resource enterprises, and directly purchasing lithium mine mining rights.

As early as 2010, BYD invested about 200 million yuan to acquire an 18% stake in Zabuye High-tech Lithium Industry Co., Ltd. in Shigatse, Tibet. According to the data, Zabuye High-tech Lithium Industry is a holding subsidiary of Tibet Mining and has the exclusive mining right of Zabuye Salt Lake for 20 years. The salt lake is the third largest lithium mine salt lake in the world and the largest in Asia, with proven lithium reserves of 1.841 million tons.

Since 2022, the company’s lithium resource layout has been more intensive. In January, BYD won the bid of $61 million for the Chilean lithium mine, but unfortunately the project was stopped by the local court; In March, it is planned to invest 3 billion yuan in Shengxin Lithium Energy. In April 2022, the company signed an agreement with Yinhe Lithium Industry to purchase 60,000 tons of lithium concentrate every year. At the same time, the planned new 60,000-ton lithium salt project in Indonesia is expected to be put into production in 2023. At the end of March, BYD Auto Industry, a subsidiary, invested 6 million yuan and held 30% of the shares, and set up a mining company with Sichuan Luqiao, aiming at developing Sichuan lithium mine resources; In May, it was reported that BYD had found six lithium mines in Africa, all of which had reached the acquisition intention. The output of lithium carbonate in these six lithium mines is reported to reach 1 million tons, which can cover the company’s raw material demand in the next decade.

As for cathode materials, BYD, as an enterprise specializing in lithium iron phosphate batteries, can imagine the demand for Ferrous lithium phosphate. Therefore, on the basis of self-research and self-production, the company also guarantees the supply through the mode of foreign equity participation.

In 2019, the Ecological Environment Bureau of Haidong City, Qinghai Province issued a public notice of environmental impact assessment, and accepted the construction project of Ferrous lithium phosphate with an annual output of 20,000 tons of Qinghai BYD Industrial Co., Ltd., with a total investment of 710 million yuan.

In July 2022, Anda Technology announced that BYD spent 30 million yuan to subscribe for the company’s directional issuance of shares, with a shareholding ratio of 2.11%. In addition, BYD also took a stake in Hunan Yuneng, another leading anode manufacturer in Ferrous lithium phosphate, with a shareholding ratio of 5.27%.

In addition to lithium ore and cathode materials, the company’s annual report revealed that a series of related businesses such as battery aluminum foil, aluminum-plastic film, separator and electrolyte additives were also laid out in the field of power batteries, and the upstream and downstream industries were continuously strengthened.

In 2021, North China Aluminum Company established a battery aluminum foil company, which attracted many battery companies to become shareholders, of which BYD held 2.97%.

Zijiang New Materials is one of the leading enterprises in the domestic aluminum-plastic film industry. In the second half of 2021, strategic investors such as BYD were introduced through capital increase and share expansion, and BYD directly held 3.87% of the shares. At the same time, BYD was the largest customer of Zijiang New Materials.

BYD’s diaphragm layout started as early as 2009, when the company and Foshan Plastic Group Co., Ltd. jointly expanded the lithium-ion battery diaphragm project with a total investment of about 105 million yuan. By August, 2016, BYD’s power battery separator has been partially produced.

In terms of electrolyte additives, in February 2021, BYD took a stake in Huasheng Lithium Battery, which had just been IPO, and held 1.98% of the shares.

2.2 Battery technology and key equipment are independently developed.

Insisting on being long and thin is the development direction of BYD’s battery technology.

The company’s main product, the blade battery, adopts the Ferrous lithium phosphate scheme of long battery cells, flattens the battery cells, and uses the module-free technology to form a battery pack, so that the utilization rate of the internal space is increased to about 60%, and the cost can be reduced by about 25%.

According to TF Securities, in November 2021, Foday battery ranked second in the domestic market share of power battery cells. Foday battery joint venture FAW Foday New Energy Technology Co., Ltd. is mainly engaged in the manufacturing of core components such as new energy batteries, modules and related supporting industries. After the factory is fully put into production, the annual production capacity of power battery can reach 45GWh, which will provide long-life blade batteries for more than 1 million vehicles.

Because the shape of the blade battery is different from that of the traditional power battery, the ready-made standard equipment can’t be used directly. BYD takes advantage of being a "tech man" and the equipment for key processes is developed by itself.

For example, the lamination process adopts the equipment and cutting scheme independently developed by BYD. The pole piece with a length of nearly 1 meter can achieve the accuracy and speed of tolerance control within ±0.3mm and single lamination efficiency of 0.3s/pcs, which is the first in the world. At the same time, self-developed equipment and systems are also used in the assembly and liquid injection.

2.3 layout power battery recycling, trying to solve the demand for raw materials.

In September 2015, BYD and GEM jointly established a recycling system of "material recycling-battery recycling-new energy vehicle manufacturing-power battery recycling". In January 2018, BYD signed a strategic partnership agreement with Tower Company for recycling new energy power batteries. At present, BYD has set up more than 40 power battery recycling service outlets in more than 10 provinces and cities.

In addition to solving the urgent demand for raw materials and reducing the cost of raw materials, another significance of the power battery recycling business is that it may open up a new growth curve for BYD.

Judging from the performance of battery recycling leaders GEM and Tianqi, in 2021, GEM’s power battery recycling business achieved revenue of 151 million yuan, a year-on-year increase of 61.63%; Jiangxi Tianqi Jintaige Cobalt Co., Ltd., the core subsidiary of Tianqi’s lithium battery recycling business, achieved an operating income of 988 million yuan in 2021, a year-on-year increase of 52%; The net profit of returning to the mother was 224 million yuan, a year-on-year increase of 622.58%.

According to the data, the business scope of Taizhou Fudi Battery Co., Ltd., a subsidiary of Fudi Power, includes battery manufacturing and sales, recycling and cascade utilization of waste power batteries in new energy vehicles, and research and development of new materials and technologies. At present, the company is indirectly wholly-owned by BYD Co., Ltd.

2.4 The production capacity continued to expand, adding multiple production bases.

"In 2021, the bottleneck of battery capacity had a certain impact on the mass production of the whole vehicle. With the production capacity of the battery base in 2022, the automobile production capacity will also increase. In April, the proportion of BYD’s loading on the battery side has reached 32.18%, and the gap with Contemporary Amperex Technology Co., Limited is gradually narrowing." The above analyst said.

Since 2021, BYD has successively expanded eight battery production bases in Jinan, Shandong, Wuwei, Anhui, Yancheng, Jiangsu, Wuhan, Hubei, Shaoxing, Zhejiang, Ningbo, Chuzhou, Anhui and Fuzhou, Jiangxi, with a total new production capacity of 205GWh. In 2022, bases in Xiangyang, Hubei and Changchun, Jilin were successively opened, and two base projects in Taizhou, Zhejiang and Nanning, Guangxi were signed.

In terms of production capacity, BYD plans to have a production capacity of 135GWh in 2021 and an available production capacity of 80GWh；; In 2022, the planned production capacity is 285GWh, and the available production capacity exceeds 200GWh；; By 2023, the planned production capacity will exceed 500GWh, and the available production capacity will exceed 350GWh.

The expansion of production capacity has also accelerated the process of BYD’s battery supply.

In 2018, BYD Power Battery only had two commercial vehicle customers, Taikai Automobile and Xugong Machinery. In 2019, the external supply of passenger cars was opened, and Changan Automobile, FAW and Changan Ford became new customers.

After BYD launched the blade battery in March 2020, it attracted more car companies to discuss cooperation.

In 2021, the external supply ratio of BYD power battery is about 10%. From the perspective of specific customers, FAW is the first third-party passenger car enterprise to adopt blade batteries, and BYD power batteries account for 25% of its total installed capacity; Dongfeng, Changan and BAIC use ternary batteries, and BYD’s supply accounts for 6%, 4% and 0.1% respectively.

Cinda Securities believes that with the increase of the acceptance of Ferrous lithium phosphate route, the external supply business is expected to usher in a substantial breakthrough, and the power battery business may become another important growth pole of the comparable automobile business.

Third, the conclusion

From about 60 yuan/share in June 2020 to a high of 358.86 yuan/share in June 2022, BYD’s share price has nearly tripled in just two years, which is supported by performance and the result of high valuation given by the market.

It can’t be denied that BYD seems to have opened up the second vein of Ren Du in the past two years, and the vertical integration layout that has been painstakingly managed for many years has soared to generate, resulting in great synergy, forming a virtuous circle of the whole industrial chain of new energy vehicles and constantly gaining positive feedback.

But after the market value once broke through one trillion, where is BYD’s next stop?

There were many optimists. Head brokers use the segment valuation method and think that the company’s reasonable value is 1.4 trillion yuan; There is also a view that new energy vehicles will be not only a means of transportation in the future, but also the next generation of intelligent terminals. If the new energy vehicle industry will produce a company with a market value of 2 to 3 times that of Apple’s stock, the market value of BYD may be trillions of dollars against Tesla.

Real money traders are obviously more rational. The latest market value of BYD’s A-shares has dropped to around 850 billion yuan, and the news that the stock god has reduced its holdings may further return it.

Charles Munger once said, "Wang Chuanfu knows what he can do and what he can’t do, while Musk thinks he can do anything. I prefer to choose those who have self-knowledge. " This is a high evaluation, but obviously, this does not affect Berkshire’s reduction of cash BYD, at the time he thinks it is appropriate.

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This article does not constitute any investment advice, and investors should act accordingly at their own risk. The market is risky and investment needs to be cautious.

　　Xinhua News Agency, Beijing, August 20th (Reporter Xia Ke) Summer is the season of high incidence of intestinal infectious diseases, with high temperature and humidity, which is conducive to the reproduction of germs, and food is easily contaminated. People like to eat cold food to relieve summer heat, and the chances of infection are further increased. Beijing CDC reminds that attention should be paid to drinking water hygiene and food safety. High temperature can kill pathogenic microorganisms, and drinking water should be boiled before drinking. In addition, don’t use antibiotics as soon as diarrhea occurs. Abuse of antibiotics may lead to imbalance of normal intestinal flora, which is not conducive to recovery.

　　According to reports, the main manifestations of intestinal infectious diseases are diarrhea, nausea, vomiting, abdominal pain, loss of appetite, etc. Serious cases can lead to dehydration, and very few cases are even life-threatening.

　　Experts from Beijing CDC said that to prevent intestinal infectious diseases, first of all, food should be separated from raw food and cooked food to avoid cross-contamination. Leftover food should be stored in the refrigerator in time, and the storage time should not be too long. Before eating again, it needs to be heated until it is completely hot, because the low temperature of the refrigerator can only delay the growth of bacteria, but it cannot be sterilized. In addition, it is necessary to eat as little as possible foods that are easy to carry pathogenic bacteria, such as snails, shells, crabs and other aquatic products, especially seafood stalls on mobile roadsides, and products that are eaten raw or half-eaten. For families with pets, we must do a good job in pet hygiene, and at the same time, we must warn our children not to feed their pets while eating.

　　Experts suggest that if diarrhea occurs, fasting and water restriction are not recommended, and light and digestible liquid or semi-liquid food should be eaten, and the symptoms will gradually transition to a normal diet after improvement. If diarrhea is not serious, the symptoms can be improved within 2 -3 days by adjusting diet, rest and symptomatic treatment. People with severe diarrhea, especially those with dehydration symptoms, should go to the hospital intestinal clinic for medical treatment in time. In order to prevent dehydration, you should drink more sugar and salt water, and it is best to buy "oral rehydration salt" at the pharmacy; Patients who have suffered from dehydration or severe vomiting and can’t drink water should go to the hospital in time and take intravenous rehydration and other treatment measures according to the doctor’s advice.

　　Experts suggest that it is wrong for many patients to use antibiotics as soon as they have diarrhea. Because most diarrhea does not need antibiotic treatment, abuse of antibiotics may lead to imbalance of normal intestinal flora, which is not conducive to the recovery of diarrhea. If you are not sure whether antibiotics should be used, patients should go to the intestinal clinic.

"Chengdu decided to start the yellow warning of ozone heavy pollution weather at 0: 00 on March 6, 2023 …" On March 5, the day before the warning started, Chengdu issued the warning information of heavy pollution weather. By taking emergency control measures, Chengdu regained an excellent day-March 6, the air quality was good. Accurate and efficient early warning relies on the ecological environment monitoring network.

At present, around water, gas, soil, ecology, pollution sources and other factors, Sichuan has built more than 28,000 monitoring points, achieving full coverage of monitoring points in cities, counties, cities and major tributaries, with basically complete elements and more "hearing and seeing" in ecological environment monitoring.

Four transformations

● The transition from manual to automatic.

The number of automatic stations in our province has increased from 296 to 2,634, an increase of nearly 8 times compared with 2015, basically achieving full coverage of urban environmental air and surface water quality automatic stations in cities and counties of the province.

● Change from extensive to precise.

In terms of ambient air quality, county-level cities have monitored three indicators every month for five days, four times a day and six indicators every time at the beginning of the Thirteenth Five-Year Plan.

In terms of water environmental quality, it has been monitored once a month from the beginning of the Thirteenth Five-Year Plan to six times a day now, and 109 items of water quality in drinking water sources have been fully monitored and analyzed.

In the aspect of coordination of measurement and management, high-tech means such as radar rover and unmanned aerial vehicle are used to carry out mobile navigation of pollutants, accurately draw "pollution map trajectory" and quickly and accurately lock pollution sources.

● Transition from decentralized closure to integrated linkage.

Eco-environmental departments and meteorological departments should cooperate with each other, establish a data sharing mechanism for eco-environmental monitoring, and gradually realize the effective integration, interconnection and mutual sharing of data on environmental quality, pollution sources and ecological quality monitoring, so as to evaluate the eco-environmental quality more objectively and predict the development trend more accurately.

● Change from status quo monitoring to comprehensive prediction and early warning.

At the beginning of the "Thirteenth Five-Year Plan", our province did not have the ability to forecast water quality. After five years of construction, it can now forecast the fine cross-section of key river basins in the next three days and the trend water quality forecast in the next seven days.

How to monitor? Build a network to achieve full coverage of monitoring points in cities, counties, cities and major tributaries.

In the Key Laboratory of Atmospheric Research of Super Station on the sixth floor of Chengdu Research Institute of Environmental Protection, a large number of monitoring data such as inorganic elements, carbon components and VOCs are displayed here on a big screen. These monitoring data come from around-the-clock monitoring instruments and high-performance computers that operate continuously in the laboratory.

"This is the atmospheric particulate matter and photochemical sub-station, which is what our major usually calls a super station." Rowena, an engineer from Chengdu Academy of Environmental Sciences, told the reporter. Following Rowena to the roof of the laboratory, the reporter saw the sampling tube of the monitoring instrument. Rowena introduced that the sampling tube will sample the air like a needle, and then deliver it to the monitoring instrument for analysis after successful sampling. "These sampling and monitoring equipment are open all year round, which not only realizes real-time monitoring of 6 parameters of ambient air, but also realizes monitoring and analysis of more than 150 air pollutant indicators including volatile organic compounds." Rowena said.

In the laboratory, the reporter found that many monitoring indicators were recorded in detail by time or in the form of curves or images. What help do these images and curves have to air pollution prevention and control?

Lei Yi, deputy director of the Department of Ecology and Environment, gave the answer: these curves and images with different colors actually hide various "signs" of air pollution changes, and the causes of air pollution can be interpreted from them, which is also the difference between super stations and conventional automatic monitoring stations. According to Lei Yi, the super station can capture more and smaller pollution factors, including more than 150 indicators. By "blood test" for the atmosphere, the "cause" of air pollution can be clearly identified, so as to "prescribe the right medicine" and achieve refined control.

Without the strong support of monitoring data, the "foundation" of the battle against pollution will be unstable, and the super station is only a microcosm of the construction of Sichuan ecological environment monitoring network. The reporter learned that around water, gas, soil, ecology, pollution sources and other factors, Sichuan has built more than 28,000 monitoring points. Among them, there are nearly 25,000 environmental quality monitoring points, more than 100 ecological quality monitoring points and more than 3,000 pollution source monitoring points. Basically completed the three-year goal and task of the province’s ecological environment monitoring network construction, and achieved full coverage of monitoring points in cities, counties, cities and major tributaries, with basically complete elements.

What’s the effect? Four changes to make ecological environment monitoring smarter and more efficient.

The construction of ecological environment monitoring network makes ecological environment monitoring more intelligent and efficient.

"The first is the transition from manual to automatic." According to the relevant person in charge of the Monitoring Department of the Department of Ecology and Environment, after years of construction, the number of automatic stations in our province has increased from 296 to 2,634, an increase of nearly 8 times compared with 2015, basically achieving full coverage of urban environmental air and surface water quality automatic stations in cities and counties of the province. Taking pollution source monitoring as an example, the first and second batches of online monitoring and control systems for pollution sources were piloted in 11 cities to achieve a breakthrough in the new monitoring method of "electricity consumption monitoring". "By remotely querying the electricity consumption of enterprises, we can know whether the pollution control facilities of enterprises are operating normally, and the monitoring tentacles are further extended." The person in charge said.

Realize the transformation from extensive to accurate. "At present, the environmental monitoring method has changed from the previous situation of extensive, low frequency, few indicators and single means." According to the above-mentioned person in charge, in terms of ambient air quality, county-level cities have monitored three indicators for five days a month, four times a day and each time at the beginning of the "Thirteenth Five-Year Plan", and now they have monitored once an hour, monitoring six indicators each time; In terms of water environmental quality, from monitoring once a month at the beginning of the "Thirteenth Five-Year Plan" to monitoring six times a day now, 109 items of water quality in drinking water sources have been fully monitored and analyzed, so that ordinary people can drink clean water and feel at ease; In the aspect of coordination of measurement and management, high-tech means such as radar rover and unmanned aerial vehicle are also used to carry out mobile navigation of pollutants, accurately draw "pollution map trajectory", quickly and accurately lock pollution sources, and make environmental law enforcement targeted.

Realize the transformation from decentralized closure to integrated linkage. The reporter learned that at present, the ecological and environmental departments and meteorological departments have achieved synergy and linkage, established a data sharing mechanism for ecological environment monitoring, and gradually realized effective integration, interconnection and mutual sharing of data such as environmental quality, pollution sources and ecological quality monitoring, so as to evaluate the ecological environment quality more objectively and predict the development trend more accurately. In 2022 alone, the eco-environmental department held 23 consultations with the meteorological department and issued 15 warnings of heavy pollution.

The transition from current situation monitoring to comprehensive prediction and early warning. According to the relevant person in charge of the Monitoring Department of the Department of Ecology and Environment, at the beginning of the Thirteenth Five-Year Plan, our province did not have the ability to forecast water quality. After five years of construction, it is now possible to forecast the refinement of key river basin sections in the next three days and the trend water quality forecast in the next seven days. "It can effectively prevent and control water pollution emergencies and minimize possible losses." The person in charge said. (Reporter Tian Chengchen)

related news

Seven enterprises were selected into the list of provincial benchmark enterprises for energy saving and carbon reduction in 2022.

On March 23, the Ministry of Economy and Information Technology announced the list of provincial-level benchmark enterprises for energy saving and carbon reduction in 2022, and seven enterprises from cement, electrolytic aluminum, chemical industry, steel, ceramics and other industries were selected.

The relevant person in charge of the Department of Economics and Information Technology said that the above industries are high energy-consuming industries, and the energy efficiency level of the selected benchmark enterprises is better than the industry level by increasing energy conservation and carbon reduction in the industrial field. Taking Bazhong CONCH Co., Ltd. as an example, the company has spared no effort in environmental protection investment, persistently treating the source, reducing emissions, reducing consumption, suppressing dust, reducing noise and increasing green, and actively trying the application of new materials, new processes and new technologies in traditional fields, which has changed the production face of the traditional cement industry of "it’s cloudy in sunny days and muddy in rainy days".

Sichuan has set a goal that by 2025, the production capacity of key industries in the industrial sector will reach the benchmark level by more than 30%. The relevant person in charge of the Department of Economic and Information Technology said that relying on benchmarking activities, cities (states) should benchmark advanced practices and experiences, and guide enterprises in key areas to carry out energy-saving and carbon-reducing technological transformation in a scientific and orderly manner and promote energy efficiency. All benchmark enterprises for energy conservation and carbon reduction should actively play a leading role in demonstration, consolidate their achievements, continuously improve the level of energy conservation and carbon reduction, drive the low-carbon transformation and high-quality development of the whole industry, and help realize the peak carbon dioxide emissions in the industrial field as scheduled.

Previously, the Ministry of Industry and Information Technology, the National Development and Reform Commission and the State Administration of Markets jointly released the list of energy efficiency "leaders" enterprises in key energy-using industries in 2022, and two of the seven provincial-level benchmark enterprises in Sichuan were on the list. (Reporter Yan Minfang)

　　Not long ago, an App called "Master Amoy" was popular in the used car market. This App has magical functions-as long as you pay 29 yuan, you can query the maintenance records, accident history, last mileage and restore the most authentic records of vehicles.

　　This information is especially important for many used car dealers in the market. When deciding whether to buy this second-hand car, it depends on whether there is something wrong with the car, such as whether it has been flooded, burned, and had an accident. These safety hazards will become important factors to consider.

　　As a result, this App quickly caught fire in the circle. But few people have thought about where these car data come from.

　　On May 17, 2017, the person in charge of an automobile 4S shop in Yancheng City, Jiangsu Province reported that they found that the account login of DMS system used by Gao, the after-sales supervisor in the store, was abnormal. In recent days, this account will query the relevant data of different vehicles for more than 500 times every day, which obviously exceeds the normal workload of 4S stores.

　　The so-called DMS system is an internal operating system used by automobile dealers to register and upload vehicle maintenance records and find relevant information such as vehicle owners. As long as you enter the frame number in the system, you can query the relevant data of each car of the car brand nationwide.

　　After the police searched, they found that a USB flash drive was inserted behind the computer host used by Gao, an employee of the 4S shop, and there were abnormal programs running in it.

　　After analysis by the Judicial Appraisal Center, it is found that there is a program customized for the DMS system of 4S shop in the U disk. This program can query the owner’s name, license plate number, frame number, maintenance information and other related information in the system, which is actually a plug-in program.

　　With the deepening of the investigation, the police found that this was not a case, but a criminal gang specializing in illegally obtaining automobile data and information. On October 27th, the Ministry of Public Security listed the case for supervision.

　　The police investigating the case said that through the review, the suspect Gao was an "inner ghost" who sold vehicle data information. According to his account, in March 2017, Ma, an employee of a company in Shenzhen, went to the 4S shop and contacted him privately. Both parties agreed that Gao would provide Ma with the account number and password of DMS system in order to obtain vehicle data, and the company would pay Gao a monthly fee.

　　It is understood that as long as you can browse the DMS system of 4S stores, you can not only illegally obtain owner information, but also obtain a lot of vehicle information. These data include vehicle accident records, maintenance records, maintenance records, replacement of spare parts records, vehicle mileage and so on.

　　The police investigating the case said that during the investigation of the case, three core data servers and 21 computer hard disks were seized at the scene. The appraisal results of the appraisal agency showed that the criminal gang obtained relevant data involving 32 automobile brands and more than 1.55 million vehicles.

　　According to the criminal suspects, they privately agreed with a number of 4S shop employees that the 4S shop employees would provide their account numbers and passwords, and the companies involved paid the fees on a monthly basis, with a cumulative payment of more than 500,000 yuan to the 4S shop employees, and the most people made illegal profits of more than 50,000 yuan.

　　According to the police investigating the case, the company involved in the case is engaged in the evaluation of the condition of used cars offline, and they need relevant data of vehicles. Initially, they bought data from other companies. Because of the high cost, it took a long time to get the data. Some shareholders proposed to develop software programs and obtain relevant data from 4S stores through technical means.

　　The company used the illegally obtained data on the repair and maintenance of various brands of vehicles to research and develop the "Taobao Master" App query platform, and then provided this platform for others and units to use for profit. In addition, they also sell the illegally obtained car data to other used car evaluation and acquisition platforms, and charge them at the contract price.

　　The police found that the case belongs to a new type of "black production" crime on the Internet operated by companies, with a high level of criminal technology. Compared with traditional crimes, internet crimes have the advantages of low cost, easy implementation and low risk, and are not easy to be found.

　　Most activities of Internet crimes are carried out on the Internet platform, and the suspects only need to operate on a computer connected to the Internet. Cybercrime is only an instant electronic data transmission, which is easy to modify and delete and highly virtual.

　　According to the police investigating the case, the internal information system security management of many vehicle production and sales enterprises involved in the case is chaotic, and there are not many corresponding security measures taken by enterprises, and some employees are not aware of the confidentiality of vehicle information and other data.

　　Some Internet companies have a weak legal awareness, and unilaterally think that the new field is a gray area, and they will do whatever it takes to obtain data. Some automobile production and sales enterprises have loopholes in internal automobile information management, failed to take effective preventive measures, and even colluded internally and externally to illegally transmit citizens’ personal information.

　　The police found that vehicle transactions in the used car market generally need vehicle-related data to support them, but the acquisition of vehicle data is often "opaque and irregular", which also provides favorable conditions for Internet crimes. (Reporter Li Chao correspondent Zhang Tianpeng Cao Lei)

　　Cctv news(News Network): According to the latest statistics of the Central Organization Department, by the end of 2022, the total number of members of the Communist Party of China (CPC) was 98.041 million, a net increase of 1.329 million over the previous year. There are 5.065 million grass-roots organizations of the Party, a net increase of 129,000 over the previous year.

　　Party member’s total volume grew steadily. The total number of party member increased by 1.4% over the previous year. In 2001, 2.449 million party member people were newly developed, of which 51.4%, 81.2%, 45.5% and 10.5% were women with college education or above, and 1.288 million party member people were developed in production and work.

　　The team structure in party member has been continuously optimized, and the education management in party member has been further strengthened. Party organizations at all levels continue to do a good job in studying and training the Supreme Leader’s Socialism with Chinese characteristics Thought in the New Era and the Party’s Twentieth Spiritual Congress. A total of 1.284 million training courses were held throughout the year, and Party committees at or above the county level trained 5.101 million secretaries of grass-roots party organizations in rotation.

Topic: Commemorating the 88th anniversary of the founding of the Communist Party of China (CPC).

Chart: By the end of 2008, there were 75.931 million Xinhua News Agency in members of the Communist Party of China (CPC).

Chart: party member’s age by Xinhua News Agency.

Chart: party member’s time to join the party was issued by Xinhua News Agency.

Chart: party member’s Career Xinhua News Agency

　　Xinhuanet Beijing July 1 ST

　　The Communist Party of China (CPC) inner-party statistical bulletin in 2008

　　Organization Department of the CPC Central Committee

　　By the end of 2008, the total number of members of the Communist Party of China (CPC) was 75.931 million, a net increase of 1.778 million over the previous year.

　　There are 3.718 million grass-roots organizations in the Communist Party of China (CPC), a net increase of 55,000 over the previous year, including 179,000 grass-roots party committees, 229,000 general branches and 3.310 million branches.

　　I. Team structure in party member

　　Gender, ethnicity and education in party member. There are 15.969 million women in party member, accounting for 21.0% of the total number in party member, with an increase of 0.6 percentage points over the previous year. There are 4.944 million ethnic minorities in party member, accounting for 6.5% of the total number of party member, which is basically the same as last year. There are 25.833 million party member with college education or above, accounting for 34.0% of the total number of party member, an increase of 1.6 percentage points over the previous year.

　　Party member’s age. There are 17.855 million party member under the age of 35, accounting for 0.2 percentage points higher than the previous year; There are 17.19 million party member between the ages of 36 and 45, accounting for 0.3 percentage points lower than the previous year; There are 22.22 million party member people aged 46 to 59, accounting for 0.4 percentage points lower than the previous year; There are 18.666 million party member people over 60 years old, accounting for 0.6 percentage points more than the previous year.

　　Party member’s time to join the Party. 733,000 people who joined the party before the founding of the People’s Republic of China; 7.996 million people joined the Party after the founding of the People’s Republic of China and before the Cultural Revolution: 12.309 million people joined the Party during the Cultural Revolution; Crushed the Gang of Four to 38.036 million people who joined the Party before the 16th Party Congress; 16.856 million people have joined the Party since the 16th National Congress of the Communist Party of China.

　　Party member’s occupation. There are 7.336 million workers, 23.612 million farmers, herdsmen, 6.208 million staff of party and government organs, 16.876 million managers and professional technicians of enterprises and institutions, 2.014 million students, 14.282 million retirees and 5.601 million other occupations.

　　There are 3,582,000 employees in non-public units in party member, including 1,635,000 workers and 1,947,000 managers and professional technicians.

　　Second, the development of party member.

　　In 2008, 2.807 million party member people were developed, 25,000 more than the previous year, with an increase of 0.9%.

　　Develop gender, ethnicity, age and education in party member. There are 1.023 million women in party member, accounting for 36.4% of the total number of developing party member, an increase of 0.7 percentage points over the previous year. There are 198,000 ethnic minorities in party member, accounting for 7.1% of the total number of developing party member, an increase of 0.4 percentage points over the previous year. There are 2.268 million people under the age of 35 in party member, accounting for 80.8% of the total number of developing party member, an increase of 0.7 percentage points over the previous year. There are 862,000 party member with college education or above, accounting for 30.7% of the total number of developing party member, down 0.4 percentage points from the previous year.

　　Develop party member’s career. In the developed party member, there are 209,000 workers, 559,000 farmers, herdsmen, 123,000 staff of party and government organs, 581,000 managers and professional technicians of enterprises and institutions, 1.067 million students and 268,000 other occupations. Among them, the number of developing students in party member increased most obviously, with an increase of 71,000 over the previous year, accounting for 2.2 percentage points of the total number of developing party member.

　　There are 126,000 employees in party member in non-public units, including 47,000 workers and 79,000 managers and professional technicians.

　　Develop 1.291 million party member in the front line of production and work; 25,000 people in party member were developed under special circumstances such as earthquake relief.

　　Iii. commendation within the party

　　In 2008, Party organizations at all levels commended 311,000 advanced Party organizations, 1.526 million outstanding Communist party member and 246,000 outstanding Party workers. Among them, 3,000 advanced party organizations, 14,000 outstanding Communist party member and 487 outstanding party workers were commended for their outstanding performance in resisting ice and snow disasters; Commend 14,000 advanced party organizations, 55,000 outstanding Communist party member and 30,000 outstanding party workers for their outstanding performance in earthquake relief; There are 2000 advanced party organizations, 10000 outstanding Communist party member and 635 outstanding party workers who have made outstanding achievements in the Olympic and Paralympic Games.

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