[TechWeb] On December 20 th, today, a group of undisguised photos of Xiaomi SUV model YU7 were circulated on the Internet, which were more realistic than the previous official maps and declaration maps. According to the current information, this model will be officially launched from June to July 2025.

In terms of appearance, Xiaomi YU7 continues the family-style design of SU7, and the overall shape is the style of cross-border SUV. The front face adopts the iconic "water drop headlights", but the details are slightly different from those on SU7.

From the side, the shape of Xiaomi YU7 is indeed the same as that of Ferrari Purosangue as previously rumored, but it can be confirmed that it will not adopt the design of opposite doors. In detail, the new car uses a hidden door handle instead of a semi-hidden design which is highly praised on the SU7. The high probability is to further reduce the wind resistance.

In addition, the new car also offers brand-new five-position wheels, and yellow brake calipers are available in tyre size in 19-inch, 20-inch and 21-inch.

In the rear part, Xiaomi YU7 also continues many designs on SU7, such as the classic "halo taillight" and small tail, as well as the rear diffuser.

In terms of power, Xiaomi YU7 will adopt pure electric drive and be equipped with dual-motor four-wheel drive system, with power of 220/288kW (about 299/391 horsepower), total power of 508kW (about 690 horsepower) and maximum speed of 253 km/h.

In terms of batteries, Xiaomi YU7 will be equipped with ternary lithium batteries. The manufacturers of batteries and assemblies are from Jiangsu Times and Zhongzhou Times respectively, both of which belong to Contemporary Amperex Technology Co., Limited. Although the battery capacity has not been announced this time, it is expected that the minimum will be 100kWh.
Regarding the selling price, it is definitely higher than that of SU7. At present, it is generally speculated in the industry that the selling price range will be around 300,000-400,000 yuan. (Xiao Jian)

On May 14th, it was reported on Wall Street that Xiaomi Automobile was asking upstream suppliers to increase the supply of spare parts, and Xiaomi SU7. Add about 80% of the orderAmong them, the number of one type of parts has increased from about 10,000 sets per month to more than 18,000 sets recently.

On May 9th, blogger @ Sun Shaojun 09 revealed that Xiaomi Auto SU7　The lock is broken by 100 thousand.

The first model of Xiaomi, SU7, was officially launched on March 28th, with a price of 215,900. There are three versions of SU7, SU7 Pro and SU7 Max. According to the official data, the car broke through 10,000 in 4 minutes, 20,000 in 7 minutes, 50,000 in 27 minutes and 88,898 units in 24 hours.

Xiaomi officially announced on May 1st that the delivery volume of Xiaomi SU7 reached 7,058 units in April (the first delivery was made on April 3rd), and the cumulative number of lock orders also reached 88,063 units.

As of the publication of IT House, Xiaomi SU7 Standard Edition is expected after locking the order.　29-32　Weekly delivery, Xiaomi SU7 Pro is expected after locking the order.　30-33　Weekly delivery, Xiaomi SU7 Max is expected after locking the order.　33-36　Weekly delivery.

In a recent interview, Yu Chengdong, CEO of Huawei’s consumer business, revealed an interesting story that he was called "Yu Dazui", which surprised many media and netizens. Yu Chengdong said frankly that the origin of this nickname is not only because he has a big mouth, but also because he dares to speak frankly and never hides.

According to Yu Chengdong, it was called "Yu Dazui" for the first time at a product launch. At that time, he boldly put forward some ideas of technological innovation and commented on his competitors without hesitation. This frank attitude impressed the media and the audience, which gave him this direct and dramatic nickname.

Yu Chengdong further stated that in today’s era of information transparency, the truth is the basis for enterprises to survive. Although his words are "bold", there is a well-thought-out truth disclosure behind them. "I think that as an era of freedom of speech, we should bravely express our ideas, rather than compromise to cater to some people." His remarks caused a heated discussion in the industry.

The competition in science and technology industry is fierce, and Yu Chengdong is deeply loved by consumers and fans for his distinctive personality and eclectic words. Recently, he talked about his views on the future development of science and technology on several platforms, which aroused widespread concern.

More than that, Yu Chengdong also shared his experience on how to adhere to the principle of truth in the complicated and changeable market environment. He said: "What customers need is transparent information and real feedback, not empty promises." His remarks not only reflect personal values, but also are regarded as an important part of corporate culture.

In this rapidly changing era of technological development, Yu Chengdong’s fearless expression has won numerous supporters. Through his own experience, he sent an important signal to the industry: only by sticking to the truth, not afraid of challenges and communicating with confidence can he be invincible in the fierce competition market.

　　Xinhua News Agency, Damascus, May 30 According to a report by Syrian News Agency on the 30th, Russia delivered a batch of MIG -29 fighter jets to Syria that day.

　　The Syrian News Agency quoted the Syrian military as saying that the Russian air base in Syria held a ceremony on the 30th, at which Russia delivered a batch of MIG -29 fighters to Syria. These fighters will take off from the base in Hermmim and be deployed to various military airports in Syria, and their missions will begin on June 1.

　　Syrian sources said that this is the second batch of MIG -29 fighters delivered by Russia to Syria, which is more advanced and efficient than the previous generation fighters.

　　MiG -29 is a twin-engine medium-sized fighter developed by the Soviet Union in 1970s.

　　In September 2015, at the request of the Syrian government, Russian troops stationed in the Hermmim air base in Syria to help Syrian government forces fight extremists in Syria.

　　180,000 people live a happy new life in "moving the poor nest"

　　"Up to now, there are still nearly 2 million people in Gansu who need to get rid of poverty. In 2017, more than 600,000 people got rid of poverty. One of the important signs was that they lived and lived, and completed the relocation of 180,000 poverty-stricken people to help the poor. " Fan Peng, deputy to the National People’s Congress and executive vice president of Gansu Provincial Party School, said.

　　According to the national policy, the reality of the province and the wishes of the masses, Gansu pays attention to writing articles on relative concentration, inheriting traditions, leaving homesickness and having a rural flavor, and a large number of advanced models such as Huaqiao Village, Changba Town, Kang County, Longnan City have emerged, organically combining poverty alleviation with the construction and development of rural tourism in beautiful countryside, which not only reduces the number of rural areas and increases farmers’ income, but also plays a role in reducing agricultural staff and increasing efficiency in the long run.

　　Deputy Fan Peng believed that "moving the poor nest" was a fundamental solution to the problem of farmers in remote mountainous areas who lived too scattered, did not have basic living conditions, and the cost of local poverty alleviation and development was too high. It won the hearts of the people and educated the masses, which not only helped the poor, but also helped their aspirations. "The poor people who moved to live in new houses frequently gave thumbs up and said from the bottom of their hearts: communist party is so concerned about the poor households, and it is really embarrassing to see people if they don’t pull out their roots!" The representative of Fan Peng said.

　　In 2017, Gansu Province also rebuilt more than 42,000 dangerous houses for poverty-stricken households, basically eliminating the most dangerous houses. In the next step, the state needs to increase funding to help them improve their living conditions. (Economic Daily reporter Jiang Fan)

　　Member Chinese People’s Political Consultative Conference and Chairman of the Board of Directors of Oak Group Zhu Jianmin:

　　The coverage of old-age insurance continued to expand.

　　In the past five years, China’s social security reform, especially the old-age insurance system, has made breakthrough progress. For example, promote the reform of the endowment insurance system of government agencies and institutions, and let the "dual track system" of pensions become history; The formulation of the investment management measures of the basic endowment insurance fund has enabled the endowment insurance fund to maintain and increase its value on the premise of ensuring safety. By accelerating the implementation of the universal participation plan, the coverage of old-age insurance has been continuously expanded, and the level of pension benefits has also been improved.

　　"In 2016, the population over 60 years old in Liaoning Province accounted for 21.7% of the total population, which was 5 percentage points higher than the national average. Liaoning has done its utmost to manage pension revenue and expenditure, plug loopholes, and increase investment in establishing pension insurance risk funds. It has achieved remarkable results in two years. " Zhu Jianmin, member of Chinese People’s Political Consultative Conference and chairman of the board of directors of Oak Group, said.

　　Last year, the State Council issued the Implementation Plan for Transferring Part of State-owned Capital to Enrich Social Security Fund. At the same time, the national overall planning of old-age insurance is also accelerating. This year, the central adjustment system of basic old-age insurance funds for enterprise employees is expected to play a "mutual aid" role throughout the country. These policies will help solve the problem of regional imbalance of enterprise pension.

　　"It is necessary to establish a national overall planning, fair and unified pension adjustment system and mechanism to gradually solve the serious problem of insufficient and unbalanced regional pension planning in China, and comprehensively promote the realization of the well-off goal and the revitalization of the old industrial base." Commissioner Zhu Jianmin said. (Economic Daily reporter Han Bingzhi)

　　Yang Weiguo, deputy to the National People’s Congress and deputy secretary of Zhuzhou Municipal Committee of Hunan Province:

　　Innovating service mode and improving employment quality

　　"In the past five years, the CPC Central Committee and the State Council have formulated a series of measures to expand employment. The scale of employment has continued to expand and the employment structure has been continuously optimized." Yang Weiguo, deputy to the National People’s Congress and deputy secretary of Zhuzhou Municipal Committee of Hunan Province, said that in order to achieve higher quality and full employment, Zhuzhou has taken a series of targeted measures. In terms of rural labor transfer and employment, Zhuzhou has carried out pre-job and post-job service activities, such as sending jobs, sending information, employment docking negotiations, and skills training, to help returning migrant workers find stable and sustainable employment in the local area. In terms of precision employment and poverty alleviation, we will develop jobs and identify labor insurance, public security, transportation, urban management, cleaning and other posts in administrative institutions as public welfare posts, which are mainly used to solve the employment placement of poor laborers.

　　At the same time, Zhuzhou has also innovated service methods to promote employment and let workers enjoy more policy dividends. Deputy Yang Weiguo introduced that Zhuzhou has formulated a series of policies to promote entrepreneurship for all and promote innovation and entrepreneurship to promote employment. The implementation of the "Zhuzhou employment, run at most once" project has cleared the obstacles that affect innovation and entrepreneurship, and formed a full-chain, multi-level innovation and entrepreneurship service system. In the past five years, more than 250,000 people have been newly employed in Zhuzhou, and 118,000 people have been transferred from surplus agricultural labor.

　　Deputy Yang Weiguo suggested that steady growth should be used to promote employment, promote regional development and expand employment coordination, guide industries in developed eastern regions to transfer to central and western regions, especially poverty-stricken areas in an orderly manner, and relieve employment pressure. (Economic Daily reporter Li Hualin)

　　Sun Huiling, member of Chinese People’s Political Consultative Conference and deputy director of Tianjin Municipal Education Commission:

　　Running special education well reflects social equity.

　　"Special education is all kinds of education for children with special needs. Running special education well can further reflect educational equity and highlight social equity, and it is also an important measure to accelerate the process of well-off for disabled people. " Sun Huiling, member of Chinese People’s Political Consultative Conference and deputy director of Tianjin Education Commission, said.

　　In 2014, the Ministry of Education and other ministries and commissions jointly issued the Special Education Promotion Plan (2014— 2016) to promote the development of special education. In 2017, the Ministry of Education and other seven departments issued the Second Special Education Promotion Plan (2017— 2020) to further improve the level of special education.

　　At present, China’s special education has basically formed a development pattern with regular classes as the main body and special schools as the backbone. Governments at all levels have done a lot of work in increasing the enrollment rate of disabled children, improving the conditions for running schools, and caring for the work of special education teachers, but they have not yet formed a perfect policy and guarantee system. The development scale and quality of special education still cannot meet the educational needs of school-age children with special needs, and the living conditions of special education teachers are not satisfactory.

　　Committee member Sun Huiling suggested that governments at all levels should attach importance to the development of special education and run special education schools well. At the same time, we will continue to promote integrated education. Make great efforts in funding guarantee and teacher treatment. Improve the standard of public funds per student, improve the level of teachers’ special education allowance, and form a series of special education teachers’ establishment, teacher title evaluation and job promotion separately. (Economic Daily reporter Chang Li)

　　Member Chinese People’s Political Consultative Conference and Vice Chairman of Guizhou Provincial Political Consultative Conference Zhang Guangqi:

　　Medical security system protects people’s health.

　　"To solve the problem of returning to poverty due to illness, we need to combine medical care with poverty alleviation, take improving the level of medical security as the core, promote poverty alleviation through medical poverty alleviation, and promote a well-off society in an all-round way with the health of the whole people." Zhang Guangqi, member of Chinese People’s Political Consultative Conference and vice chairman of Guizhou CPPCC, said.

　　Guizhou Province has innovatively implemented the "four-fold medical security" system. The county-level people’s government integrates relevant funds, establishes a medical assistance system, and implements basic medical insurance, serious illness medical insurance, medical assistance and medical assistance. The compensation level within the policy scope exceeds 90%. In 2017, a total of 2,574,500 people in Guizhou Province enjoyed the "four-fold medical security" and received compensation of 3.747 billion yuan. Guizhou Province has also accurately implemented special treatment for serious diseases, and identified 2,658 people suffering from 13 kinds of serious diseases, and explored the establishment of a medical assistance system for chronic diseases.

　　Committee member Zhang Guangqi introduced that in order to speed up the filling of the shortcomings of insufficient grassroots service capacity, Guizhou Province invested 8 billion yuan to comprehensively improve the service capacity of grassroots medical and health institutions in three years. Nowadays, the telemedicine service system of township hospitals and the standardized digital vaccination clinics of township hospitals (government-run community health service centers) have been fully built in Guizhou, and the unified appointment registration platform for public hospitals at or above the county level has been put into operation. The medical supervision platform and the basic platform of national health information in provinces, cities and counties have also been put into use. (Economic Daily reporter Wang Xinwei Chen Guojing)

　　Member Chinese People’s Political Consultative Conference and Vice President of Jiangxi Agricultural University Liu Muhua:

　　Comprehensively develop the integration of urban and rural transportation

　　Jiangxi is a big agricultural province, and traffic is one of the bottlenecks restricting economic development. Promoting the integrated development of urban and rural transportation is the only way for rural development in the future. "Although most villages have ‘ Green mountains and green hills ’ , but I can’t get it ‘ Jinshan Yinshan ’ . This requires not only increasing financial input, but also scientific planning to make money spent. " Liu Muhua, member of Chinese People’s Political Consultative Conference and vice president of Jiangxi Agricultural University, said.

　　Member Liu Muhua believes that to realize the integrated development of urban and rural transportation, it is necessary to "combine soft and hard". On the one hand, improve the access depth of rural roads, create beautiful rural landscapes, strive to build beautiful ecological and civilized rural roads, focus on solving the road traffic problems of established villages that do not have traffic conditions, and at the same time, combine the advantages of the Yangtze River Economic Belt to build a modern water transport system, so that urban and rural water transport can flourish. On the other hand, encourage rural logistics to cooperate with postal service, express delivery, supply and marketing logistics, actively promote new modes such as passenger and cargo alliance and combination of transportation and postal service, realize effective connection between rural logistics and trunk logistics network, and realize "seamless connection" of freight.

　　Member Liu Muhua suggested that citizens, especially scientific and technological personnel and entrepreneurs, should be guided to go to the countryside to get rich, and the elderly in cities should be attracted to the countryside to achieve a win-win situation of "agriculture+old-age care". (Economic Daily reporter Cui Guoqiang)

More can brush WeChat or Weibo "Travel Circle", join the Travel Circle Club (WeChat Group) to participate in discussion and interaction, and add WeChat hanglvquan.

The Civil Aviation Administration recently released a preliminary flight schedule allocation plan for Daxing Airport, and solicited opinions from airlines.

This is the first time that the Civil Aviation Administration has adjusted the time allocation after the Beijing-Shanghai route of China Eastern Airlines decided to stay at the Capital Airport and Air China decided to partially enter Daxing Airport. [Related: Seeing the adjustment plan of Daxing Airport, the airlines exploded the pot again]

What are the adjustments between the new plan and the previously announced plan? How will the reward time and foreign flight time be distributed? The travel circle has sorted out the new scheme.

For the time of each airline company (group) at Daxing Airport, the airline circle has made an intuitive chart according to the new scheme.

It can be seen that in the winter and spring season of 2019/20, China Eastern Airlines spent the most time at Daxing Airport, mainly because China United Airlines will transfer from Nanyuan Airport to Daxing Airport at one time, involving 131 moments.

Starting from the summer and autumn season in 2020, the number of moments of China Southern Airlines Group will exceed that of China Eastern Airlines. This is mainly due to the fact that in the summer and autumn season of 2020, the transition ratio of China Southern Airlines reached 60%, and Xiamen Airlines and Chongqing Airlines completed 100% transitions and won 66 reward moments. The following picture shows the initial planned transition route of China Southern Airlines, and there is no Beijing-Guangzhou line for the time being:

Because China Eastern Airlines left the Beijing-Shanghai line at the Capital Airport, although the transition ratio reached 60%, it did not enjoy any time reward. Previously, the Civil Aviation Administration said that it "adjusted its transition incentive policy".

China Eastern Airlines plans to transfer 24 flights a day to Daxing Airport in the winter season of 2019, including at least 2.4 international flights a day. The flights to be transferred in the first season include Shanghai Pudong-Daxing, Shanghai Hongqiao-Luoyang-Daxing, Xining-Daxing, Daxing-Linyi, Daxing-Lianyungang, Daxing-Huai ‘an, Daxing-Harbin, Daxing-Dongying and Daxing-Luoyang-Luzhou.

Since the winter and spring season of 2019/20, AVIC has maintained the growth of 22 moments/season for four consecutive seasons, and added 17 moments in the winter and spring season of 2021/22, totaling 105 moments. The following picture shows some domestic routes that Air China plans to add at Daxing Airport in winter and spring of 2019:

In terms of foreign airlines, in addition to British Airways, which previously announced that it would completely switch, Delta, Aeroflot, Malaysia Airlines, Siberian Airlines and other companies also plan to completely switch. In addition, Finnair and Polish Airlines also plan to open more routes to Daxing Airport.

As for the remaining moments, there are only three moments in the summer and autumn season of 20 and 11 moments in the winter and spring season of 20/21, which may make some airlines who intend to make a transition wait until after 2021.

The travel circle has also sorted out the proportion of the time obtained by each airline company (group) to the total time.

It can be seen that at the end of the transition period, China Southern Airlines will have nearly 40% of Daxing Airport, China Eastern Airlines and AVIC will account for about 30% and 10%, foreign airlines will account for nearly 10%, and the rest will be other domestic airlines, yes, only 4%.

Small circle without responsibility comments:

China Southern Airlines won 112 awards, accounting for 40% of the total. Should it be smiling from ear to ear?

The Beijing-Shanghai route of China Eastern Airlines is reserved for 46 hours, and the reward time of Daxing Airport is 0. Is there any pain?

With the help of China Eastern Airlines, Air China turned to zero with empty gloves, and it changed 105 moments in Daxing, and it didn’t suffer.

Foreign airlines made 22 transitions, adding 80. After years of hard work, it can be described as "getting rich overnight".

For other airlines, just take it (4%) first, and there will be …

As of the winter and spring season of 2021/22, there are 72 moments to be allocated. Who will spend it?

The travel circle is also dismantled according to each season, combing the transition and entry of each airline company in each season.

2019/20 Winter and Spring

China Southern Airlines transits 10% of flights, with a total of 25 moments; Hebei Hangxin entered the Beijing market and won 30 awards/new moments.

China Eastern Airlines transits 10% of flights, with a total of 22 moments; China United Airlines made a 100% transition, with a total of 131 moments, and no reward/new moments were obtained.

Air China won 22 awards/new moments at Daxing Airport.

　Capital Airlines made a 100% transition, with a total of 22 moments, and received 8 additional rewards/new moments.

　Auspicious 100% transition, a total of 4 moments, and get 1 bonus/new moment.

　British Airways and Malaysia Airlines made 100% transitions, and got 2 transition moments and 1 bonus/new moment in Daxing respectively.

　There are 16 bonus/bonus moments for other foreign airlines.

Summer and autumn of 2020

The proportion of China Southern Airlines’ transition reached 60%, and 51 awards/new moments were awarded, with a total of 198 moments. Xiamen Airlines made a 100% transition and won 14 rewards/new moments, with a total of 53 moments. Chongqing Airlines made a 100% transition and got 1 reward/new moment, with a total of 4 moments. There are 30 moments in Hebei Airlines.

China Eastern Airlines (excluding Beijing and Shanghai) has a transition ratio of 60%, with a total of 111 moments. China United Airlines has 134 moments.

Air China won 22 awards/new moments, and the number of moments doubled.

Capital Airlines is the same as the previous season. The number of historical moments in the summer and autumn season is 2, which is one less than that in the previous season, and the total number of moments is also reduced by one to three.

Delta, Siberian Airlines and Aeroflot made 100% transitions and won 1, 2 and 2 bonus/new moments in Daxing respectively.

Other foreign airlines have a total of 16 bonus/new moments, with a total of 32 moments.

2020/21 Winter and Spring

The proportion of transitions between China Southern Airlines and China Eastern Airlines reached 80%, with 262 and 142 times respectively. Air China won 22 awards/new moments, and the number of moments reached 66. Other foreign airlines won a total of 16 awards/new moments, with a total of 48 moments.

Summer and autumn of 2021

China Southern Airlines and China Eastern Airlines made 100% transitions, with 316 and 185 transitions respectively. Air China won 22 awards/new moments, and the number of moments reached 88. Other foreign airlines won a total of 16 awards/new moments, with a total of 64 moments.

2021/22 Winter and Spring

100% transition of Shanghai Airlines, a total of 10 moments. Air China won 17 awards/new moments, and the number of moments reached 105. Other foreign airlines won a total of 16 awards/new moments, with a total of 80 moments.

Compared with the first transition plan announced by the Civil Aviation Administration at the beginning of the year, except for China Eastern Airlines, China Southern Airlines, Xiamen Airlines, Chongqing Airlines, Hebei Airlines and Capital Airlines all got the reward moments (in red) on the basis of the original plan, while China Eastern Airlines kept the Beijing-Shanghai line at the Capital Airport, so the number of transition moments was reduced compared with the original plan, and no reward moments were obtained.

What do you think about the adjustment of the time distribution at Daxing Airport? Who do you think is the biggest winner?

No one may remember the "Eight Families" in the future. But it was once the most backward, messy, congested and noisy village in Beijing. Six years ago, eight families were full of vitality, but now they have been demolished.

After graduating from college, I lived in this village in the city near my school for a year. At that time, my roommate still lived in this area. She said that there are fewer and fewer food markets here, and there is no place to buy cheap food.

This place that has disappeared now is memorable.

Where are Bajia?

Wudaokou is famous as the "center of the universe". From Wudaokou subway station, go north along Shuangqing Road, and you can reach Bajia in 10 minutes by bike. Bajia is about 3 kilometers away from Tsinghua University, and the land in the village was mainly expropriated by Tsinghua University, and university dormitories were built one after another.

After 2003, Beijing’s housing prices began to rise rapidly. As the land price became higher and higher, the relocation expenses of Bajia became higher and higher, and the speed of land expropriation slowed down, gradually forming a village in the city. In 2010, the village was gradually demolished. The author returned to Beijing in 2013, and the whole village in the city has completely disappeared.

Eight were once called the most backward, messy, congested and noisy villages in Beijing. In 2010, there were more than 2,400 villagers in eight households, mainly living by renting houses. Around 1992, eight flea markets were formed, and there were three large markets. Around 1995, there was a migrant population who collected junk. Later, some second-hand goods markets were shut down one after another, but the migrant population concentrated areas have been formed.

Urban villages facing extinction

Between the floating population and the development of modern cities, the village in the city has built a bridge and is a tolerant post. There are not only cheap houses here, but also cheap lifestyles. It is also a buffer zone to alleviate social contradictions and make the floating population better adapt to the life in big cities. However, with the expansion of the city, the original suburbs have become urban areas, and even become centers (such as Wudaokou, the center of the universe), and the surrounding land prices are getting higher and higher, and the villages in the city are about to become extinct.

As a cultural and political center, Beijing is different from Shenzhen, where many villages in the city have become artists’ settlements. Yuanmingyuan painter village, Shucun village and Beijing East Village are all not far from Bajia. However, Bajia Village is not contaminated with romantic artistic atmosphere, but it shows us another severe challenge: garbage.

A gathering place for garbage collection

Bajia village is famous for garbage recycling. The eight families are divided into the first eight villages and the last eight villages, one in the south and the other in the north. The scavengers in the first eight villages mainly collect domestic garbage, while the latter eight villages mainly engage in the recycling and dismantling of waste electronic products.

Bajia, near Zhongguancun, was known as "Beijing electronic waste transfer station", which was the largest gathering area of electronic waste in Beijing at that time. Someone said, "As many new computers as Zhongguancun can sell, we can collect as many old computers here."

These scavengers have made great contributions to garbage recycling. Six years ago, from the window of my room, I could see a big garbage dump surrounded by high-rise buildings in various residential areas. The people inside worked from morning till night every day, and built a series of "carton mountain", "plastic bottle mountain" and "wooden board mountain", which made it a surreal huge stage.

On weekdays, they rode tricycles to collect the recyclable resources abandoned by the imperial city. However, due to the lack of management, it also caused some environmental problems. The streets and yards of Bajia are full of garbage dumps. Some people think that this has affected the image of the city. It has also been suggested to "collect" scavengers and form urban garbage recycling cooperatives.

Evolution of streets

There are different types of streets in Bajia and its vicinity, from which we can see the evolution process:

Heqing Road leads to Wudaokou. Although there are lush plants and comfortable sidewalks on the roadside, vendors will never sell things here. Because there are few pedestrians and vehicles here, the bicycle lane becomes a parking lot, which is very deserted and unsafe to walk at night.

Because Linda North Road is close to Shuangqing Road, there are residential buildings on the roadside, and the sidewalks are occupied by vendors. They just shade under the street trees, but it is lively only in the afternoon.

Xueyuan Road is a typical road in Beijing, with bus lanes and bicycle lanes, bus stops on the roadside, overpasses when crossing the road, and pedestrians are in a hurry. There are occasional vendors at stations and road intersections, but be careful of sudden attacks by urban management.

Shuangqing Road is a special case. Shuangqing Road is the main road of Bajia, which is an old road and a very interesting road. Urban space is often a manifestation of social reality, and this road is a stage to show the vitality and changes of the city.

A road separating social classes.

Because IT is close to Tsinghua University and other universities, as well as Tsinghua Science Park, Zhongguancun and Wudaokou, there are also college students, professors, IT white-collar workers and migrant workers from all walks of life. In 2009, in a three-room house I rented at that time, there lived four newly graduated college students and a graduate student who just started working.

The difference in income has evolved into the difference in urban space in eight cities, and Shuangqing Road may be called a dividing line of social strata. It separates two kinds of people. One is "drifting to the north" who live in a residential area in the east. They have knowledge and technology, and they can get a job with considerable income and work hard to take root in this city.

The other is the migrant workers living in the bungalow area in the west, including most scavengers, and most of them are migrant farmers. They are engaged in manual work in this city, not only to support themselves, but also to send their savings back to their hometown. Although living in a big city, many migrant workers don’t have much chance to get to know the city. Some rented houses in Bajia don’t even need sunshine. Because of the life style of migrant workers, the architectural form has also changed, and sunshine has become a luxury unrelated to architecture.

A street that cars hate.

Shuangqing Road is the most dynamic street I have ever seen in Beijing. To the east of Shuangqing Road is a high-rise building that has been planned by the city, including a residential area, a hotel and a research unit, and to the west is a bungalow area. When the author first arrived at Bajia, the sidewalk of Shuangqing Road was full of all kinds of old furniture. This 100-meter-long sidewalk became a display window for vendors, and all kinds of old clothes, waste paper, plastic bottles and other recycled wastes were displayed on the street with surreal volume.

In the afternoon, the garbage collectors returned and the road became chaotic and dangerous. There are tricycles, bicycles, electric cars, carriages, trucks, cars, and pedestrians walking through the cracks. The southern end of Shuangqing Road is a train crossing, which is also the intersection of four intersections, so traffic jams often occur (anyone familiar with Wudaokou knows that this intersection is a nightmare for all vehicles). Ordinary taxi drivers are reluctant to come to eight.

A favorite market street for floating population

The small shops along Shuangqing Road create a vibrant social field. The narrow grocery store covers almost all the necessities of the floating population. Small restaurants with different regional tastes meet the tastes of different outsiders, as well as hair salons, car repair shops and hardware stores. When I lived here, almost all the daily necessities came from those grocery stores, because their prices were usually half or even less than those of supermarkets.

Most floating population do not live here for a long time, so there is no need to buy good quality products. This short-term consumption habit has promoted the prosperity of small shops.

The grocery store is usually the place where the owner works and lives. Outside is the store, and inside is the place where the stock is stored and the food is eaten and slept. In this way, you don’t have to rent another room, and you can stay open until late at night. This "compact urban space" has been mentioned by many urban researchers, and it is a mixed-function lifestyle with the characteristics of urban villages. But behind the prosperity, there is also fierce competition, and new shops can always be seen here. Moreover, with the demolition, the small restaurant that may have just eaten yesterday was demolished this morning.

A stage street full of vendors’ vitality

Every afternoon, vegetable and fruit stalls occupy half the road. Small vegetable sellers go home after selling vegetables. They usually use a three-wheeled flatbed car to transport goods, and a piece of cloth on the ground is the shop. Most of these vegetables are left over from other markets in Beijing, because vendors live here and dispose of the remaining vegetables in the afternoon, so the price is very cheap, often a pile of one yuan.

Fruit sellers usually drive trucks. Every afternoon, they use trucks to occupy a booth, which is a kind of fixed vendor. They will stay late into the night, because people who come back from work can’t take the bus to their door, and they have to walk through this street. When they see cheap and fresh fruits on the roadside, they will bring some home.

Because there is no street lamp, vendors set up a small street lamp to illuminate their fruits, and also illuminate the way forward for tricycles full of recycled garbage and passers-by looking forward to a warm dream. Walking on this street at night, you will see these neatly arranged trucks. Crossing the street is like crossing a fruit runway show.

Eight night markets are also famous. The night market is mainly at the intersection of Shuangqing Road and Linda North Road, which is the only way to enter Bajia. There is also a night market near Wudaokou Metro Station, which mainly sells clothes and small things. There are many vagrants and beggars, and most of them are fashionable young people and foreigners. It is a place for recreation and entertainment. The night markets of Bajia are mainly snacks such as food stalls, mala Tang, barbecues, etc. The residents of Bajia mainly go shopping. It seems that people here are more concerned about filling their stomachs.

Destroyed street

Jane Jacobs wrote in Death and Life of American Big Cities: "The deep roots of roads contain people’s public identity, a network of mutual respect and trust in public life, and resource support for the needs of individuals and neighbors." The streets of Bajia are chaotic, but unlike the neighboring streets, they become "ghost streets" at night, and the vitality here makes people feel safe. No matter how late you walk in the street, you can always see some tricycles pulling goods, some vendors, and pedestrians rushing home. They will all become the caregivers of this street.

Modern cities are slowly destroying the former streets with large-scale carriageways. When a street is transformed into a convenient motor vehicle traffic lane, people’s desire for this street is reduced, and the purpose of their behavior is clear. Hurry through these streets and reach another place. A street is just a path to a building, a path manipulated by traffic rules.

Once the street is regarded as a path, then whether the street is unobstructed and whether the people and traffic are dense becomes the main problem to be considered, that is, the main problem of traffic planning. Then, the streets will provide more space for cars, and people will have greater demand for cars, forming a vicious circle. Just like a straight river built for flood control, the river will slowly lose its water storage capacity and dry up, eventually becoming a drain.

Mathias Woo, a cultural critic in Hong Kong, once criticized the disappearance of streets and vendors in Hong Kong, leaving only air-conditioned shopping malls and residential quarters, and the diversified urban landscape and citizen life in Hong Kong disappeared.

Perhaps in the eyes of Jane Jacob and Mathias Woo, Shuangqing Road is a rare "street", but it is hard to escape the fate of being destroyed. Shuangqing Road is very narrow, and buses can only go one way. Vendors occupy about a quarter of the street. People who get off work push bicycles, their eyes are picking vegetables, fruits and various commodities on the stalls, and their ears are mixed with all kinds of hawking.

The street here is no longer a gateway to a building, but a vibrant market. Whether driving, riding a bicycle, pushing a tricycle or walking, all people are equal, and vendors will make you happy with their humor.

People like to buy things while walking, and buy cheap and fresh goods. Therefore, vendors are willing to stay here and come to grab a good position every day. Although they are mobile, they are fixed on this street. They will say to customers, don’t worry, I am here every day. Such a promise has built an invisible space and a unique shop for them.

What is transformation?

In 2010, I witnessed the foundation stone laying ceremony of eight relocated houses. Some villagers will move to the relocated houses in the north of Bajia Village, and some villagers will move back to further places.

When taking photos at a demolition site, I met an old couple who lived in the village. The old couple had a Labrador, saying that the dog suddenly came to the yard one day and lived with them ever since. They also have a roof garden, planted some vegetables and stood on the roof overlooking the whole village. Now, I don’t know which suburban resettlement community the old couple live in, and whether they will miss the eight families.

Jane Jacobs said that there is a magical order behind some seemingly chaotic places, which is maintaining the safety of streets and the freedom of cities. There is also something worse than public ugliness and chaos, that is, wearing a hypocritical mask and pretending to be orderly. Its essence is to turn a blind eye to and even suppress the real order that is struggling and demanding attention. It is precisely because of the lack of research on what is chaos and what is order that people often can only judge people by their appearances. Urban civilization is not tolerant enough to encourage the formation of all kinds of diversity, but is eager to dress up beautifully.

The eight families in memory disappeared. The eight families witnessed a special experience of a young man. Those eight houses are hiding all kinds of rubbish discarded by huge cities. The eight families that once existed witnessed the close relationship between the floating population and modern consumer cities and various vested interests. Here, I only miss eight families with this article.

The logo has always been the most important symbol of a brand. It can be said that the logo represents the entrepreneurial spirit of this car company to some extent. What’s more, these logos will even become the belief of car fans. Such well-known car logos as "blue sky and white clouds" and "trident" are dreams that many car fans will never forget.

It is really because of the importance of the logo that every car company is cautious when designing and changing the logo, striving to best adapt to the development of the company and better meet the aesthetic requirements of the times.

Today, we will talk about the biggest car company in China from the change of car logo.

It has always been the most representative model of China in the eyes of the people, and naturally its logo is well known. National characteristics should be said to be the biggest feature that marks consistency.

The first logo

Golden sunflower logo. This logo is the first logo to be used. It is said that it was designed by a technician in the car factory at that time. The color scheme of the logo is gold and red with China characteristics, which is very high-grade and festive with Chinese flavor. It should be said that it is quite in line with the historical background at that time. That is, the whole country is in a mass production, and everyone is full of energy and wants to contribute more to the new China, and the whole country presents a feeling of prosperity.

In terms of the details of the logo, the center of the logo is a golden sunflower in full bloom, surrounded by three sides fluttering in the wind. It means that China’s industry can always be full of vitality and flourish like sunflowers that have been sunny all the time.

New car logo

In 2018, after taking over, drastic reforms began, and at this time, the logo representing the spirit of the new era came into being. The new logo looks like an ancient "arrow", and the background of the logo is criss-crossing latitude and longitude lines, which symbolizes a new era of internet of everything. Compared with the old car logo, the new car logo is more contemporary and gives people a refreshing feeling.

Classic logo

In addition to these two car logos, there is also a classic logo, which has been preserved on the body. This logo is more of a logo. I believe that every car with such a logo on the road will pay attention to it.

summarize

The change of logo actually represents the evolution of China’s industry. Although the industry has been changing rapidly, people in our country have always maintained a high-spirited attitude to face these changes, actively changed and adapted to the trend, and kept their own characteristics while adapting to the trend.

The article is provided by the author.

　　Zhejiang Daily, Hangzhou, August 31 (Reporter Liu Leping, Lu Le, Wang Chenhui) On the 31st, the eighth member congress of the Provincial Red Cross Society was held in Hangzhou.

　　Yuan Jiajun, Secretary of the Provincial Party Committee and Director of the Standing Committee of the Provincial People’s Congress, attended the opening ceremony and delivered a speech. Wang Ke, Party Secretary and Executive Vice President of China Red Cross Society, spoke at the opening ceremony. Huang Jianfa, Wang Cheng, Chen Yijun, Li Weining and Cai Xiujun attended the meeting and Cheng Yuechong presided over it. The meeting commended the advanced collectives and individuals who have made outstanding contributions to the cause of the Red Cross Society in our province. The representative of the Red Cross volunteers read out the Basic Principles of the International Red Cross and Red Crescent Movement, and the person in charge of the Provincial Association for Science and Technology delivered a congratulatory message on behalf of mass organizations.

　　Yuan Jiajun congratulated the convening of the conference, paid tribute to the commended advanced collectives and individuals, and extended greetings to the Red Cross workers, members and volunteers in the province. After fully affirming the achievements made in the development of the Red Cross in our province in recent years, Yuan Jiajun pointed out that the work of the Red Cross in our province is facing new situations and new requirements when entering a new era and embarking on a new journey. We should thoroughly study the spirit of the important exposition of the Supreme Leader General Secretary on the work of the Red Cross, continue to polish the brand of "five groups", further enhance the political, advanced and mass nature, give full play to the role of the Red Cross as a bridge and link between the people in the humanitarian field, take the digital reform as the traction, adhere to the main line of "protecting people’s life and health and safeguarding people’s dignity", focus on the main business of "three rescues and three donations" and actively build "people’s side" Unite and lead the vast number of Red Cross workers, members and volunteers to take an active role and dare to act, systematically improve the performance ability and service level of the Red Cross, achieve innovative breakthroughs and enlarge advantages in enhancing the political function of the Red Cross, helping the construction of a demonstration zone for common prosperity, accelerating the creation of a "digital Red Cross", enhancing core business capabilities, shaping public welfare brands, and improving the level of rule of law, and continuously build a Red Cross brand with Zhejiang recognition, so as to faithfully implement the "Eighth Five-Year Strategy" and resolutely achieve ""two maintenance", strive to promote "two firsts" and make more contributions to the Red Cross.

　　Yuan Jiajun emphasized that Party committees and governments at all levels should earnestly strengthen their leadership and support for the Red Cross work, earnestly study and enthusiastically help solve the practical difficulties and problems encountered in the development of the Red Cross cause. It is necessary to strengthen the responsibility of joint management by all party and government departments and the responsibility of support and help from all sectors of society, so that the vast number of caring enterprises, caring people and forces from all walks of life can closely unite around the party and gather great strength for the development of the Red Cross cause in our province.

　　Huang Jianfa spoke at the closing ceremony that afternoon. He pointed out that the new board of directors and supervisors of the Provincial Red Cross Society should strengthen theoretical arms, adhere to the guidance of Party building, and unswervingly follow the development path of the Red Cross cause with China characteristics. It is necessary to concentrate on the "two firsts", promote the high-quality sharing of public services, and promote the reform of the income distribution system and grassroots social governance. It is necessary to popularize life education, tell the story of the Red Cross well and promote voluntary service. It is necessary to build a transformational organization, deepen reform and innovation, strengthen self-construction, and continue to revitalize the Red Cross organization. Cheng Yuechong spoke at the closing ceremony.

　　The General Assembly elected the new Council and Board of Supervisors of the Provincial Red Cross Society, and hired Yuan Jiajun and Wang Hao as honorary presidents of the Provincial Red Cross Society. Cheng Yuechong was elected as the president of the provincial Red Cross Society and Lin Bin as the executive vice president.

　　As a giant heparin producer, () (SH603707, stock price 11 yuan, market value 17.77 billion yuan) once had a market value of more than 50 billion yuan at its peak, but at present its market value is only about 17.8 billion yuan, and the market value exceeding 30 billion yuan has disappeared in recent years.

　　In the 2023 annual report of Jianyou Co., Ltd., the total amount of monetary funds deposited abroad was 158 million yuan, but the company checked "Not applicable" for overseas assets in the annual report.

　　Such an inconspicuous detail error was keenly captured by the Shanghai Stock Exchange. In the "Regulatory Work Letter", the Shanghai Stock Exchange asked the company "the reasons for the differences before and after the disclosure of overseas assets in the annual report".

　　In fact, the overall export volume of heparin industry has been declining since 2020. Jianyou Co., Ltd. is also seeking transformation, and has acquired Meitheal Pharmaceuticals, Inc (hereinafter referred to as Meithail), an American pharmaceutical company, to expand the pharmaceutical business in the American market.

　　In 2019, Jianyou completed the consolidation of Meitheal. Meitheal is an important overseas asset of Jianyou, and it is also one of the sources of information disclosure errors in the above-mentioned annual report.

　　However, from 2019 to 2023, Meitheal lost more and earned less, with a cumulative net loss of about 100 million yuan. During the period, Meitheal also recalled the products under its name due to the wrong labeling of drug names. Recently, the public information of FDA (US Food and Drug Administration) shows that the status of several drug approvals under Meitheal’s name is "discontinued".

　　Looking back now, it is quite unreasonable for Jianyou to acquire Meitheal in some places. Including Jianyou shares had provided loans to Meitheal before its acquisition, Meitheal’s net assets were negative when it was acquired, and Meitheal’s equity was actually "exported to domestic market".

　　Image source: The reporter made drawings based on public information such as the announcement of Jianyou shares, () announcement, Sino Medical Announcement, Yuandong Biological Announcement and China Foundation Association.

　　Before Jianyou shares increased the capital of Meitheal, the original shareholder of Meitheal was a company registered in Cayman Islands. Who was the controller behind this company? Jianyou shares were not disclosed, but only expressed as "no relationship" with Jianyou shares.

　　According to the investigation by the reporter of national business daily, one of the original controllers of Meitheal emerged, that is, Zhao Jin, the former supervisor of Jianyou.

　　Meitheal was supported by Jianyou’s share loan.

　　In August 2019, Jianyou Co., Ltd. issued a foreign investment announcement, and the company increased its capital by about 95 million US dollars to obtain 83.33% equity of Meitheal83.33%

　　Jianyou Co., Ltd. said that investing in its own localized R&D, sales, quality and registration team is crucial for the company to vigorously develop the high value-added generic drug market in the United States.

　　According to the announcement, Meitheal was established in December 2016. It is a professional pharmaceutical company headquartered in Chicago, Illinois, USA, focusing on developing, manufacturing, purchasing and selling injectable drugs, which are mainly sold throughout North America. Meitheal mainly focuses on generic injections, providing customers with lower-cost brand-name drug substitutes when the patents have expired, been declared invalid or are determined not to infringe others’ patents. Meitheal has a wide range of products covering anti-infection, tumor lysis and intensive care indications, and has various presentation forms such as single-dose and multi-dose vials, ready-to-use prefilled syringes and premixed bags.

　　Image source: screenshot of Jianyou shares announcement

　　According to the disclosure of Jianyou, the original shareholders of Meitheal were LYFE Charles Limited (hereinafter referred to as LYFE) and Thomas Shea, holding 99.96% and 0.04% respectively. According to the announcement, LYFE is registered in Cayman Islands with a registered capital of 50,000 US dollars. And Mr. Thomas Shea is the CEO of Meitheal.

　　Image source: screenshot of Jianyou shares announcement

　　It is worth noting that the owner’s equity of Meitheal was even negative at that time, which was-10.17 million US dollars by the end of June 2019.

　　It is also worth noting that before the above capital increase, Jianyou shares had provided loans to Meitheal. Jianyou shares said: "Before this transaction, the target company was solely funded by LYFE, and the company provided it with a loan."

　　Image source: screenshot of Jianyou shares announcement

　　LYFE contributed $11.5 million to Meitheal in January 2017. Subsequently, LYFE did not invest any more money. Instead, Hong Kong Jianyou Industrial Co., Ltd. (hereinafter referred to as Hong Kong Jianyou), a subsidiary of Jianyou Co., Ltd., provided Meitheal with a loan of about $23 million.

　　Jianyou shares disclosed that LYFE and Thomas Shea are not related to the company in terms of property rights, business, assets, creditor’s rights and debts, and personnel.

　　Who is the actual controller of LYFE registered in Cayman Islands? Meitheal was established with a capital of more than 10 million dollars, but it was able to obtain the loan of Jianyou shares in difficult times, and then it was able to obtain the investment of Jianyou shares.

　　Jianyou shares only disclosed in its announcement that 100% shareholders of LYFE are Lyfe Capital Fund II, L.P., but did not disclose the shareholders and actual controllers behind Lyfe Capital Fund II, L.P.. With the deepening of the reporter’s investigation, the real controller behind LYFE Capital Fund II, L.P surfaced.

　　It has accumulated a loss of 100 million yuan in five years, and there have been drug recalls in the United States.

　　From 2019 to 2021, Meitheal realized operating income of about 800 million yuan, 690 million yuan and 1.04 billion yuan respectively, and realized net profit of about 7,696,600 yuan,-56.32 million yuan and 27.371 million yuan respectively.

　　Just after Meitheal realized a profit of more than 27 million yuan, in July 2022, Jianyou announced that after Hong Kong Jianyou bought 16.66% equity of Meit Heal held by LYFE with $21 million in cash, Hong Kong Jianyou would hold 99.99% equity of Meitheal16.66%

　　Image source: The reporter made drawings according to the announcement of Jianyou shares.

　　"After the company acquired Meitheal, a local American company, in October 2019, combined with Meitheal’s advantages in GPO and channel, the company’s business continued to expand in the US market and its market share continued to expand. In 2020 and 2021, Meitheal’s operating income increased substantially, and it was profitable in 2021. " Jianyou shares said.

　　Obviously, the reason for this operation is that Jianyou shares are very optimistic about the development of Meitheal. However, after Jianyou shares were consolidated with Meitheal, from the financial performance, Meitheal’s profit was true.

　　Just after the completion of the above minority acquisition, Meitheal lost nearly 80 million yuan in 2022. Throughout 2019 to 2023, Meitheal was in a state of losing more and earning less, with a cumulative loss of about 100 million yuan in five years.

　　According to the 2022 annual report of Jianyou Co., Ltd., Meitheal holds a total of 40 FDA-approved drug approvals.

　　According to the reporter’s inquiry, the latest FDA approval shows that five of the above 40 drug approvals are in discontinued market status, namely ANDA211003 calcium levofolinate injection, ANDA077096 carboplatin injection, ANDA206190 cytarabine injection, ANDA201166 Topotecan hydrochloride injection and ANDA206189 cytarabine injection.

　　Image source: FDA official website screenshot

　　It is worth noting that Meitheal once had a drug recall in the United States. According to the FDA official website, in January, 2021, Meitheal recalled the drug due to an error in the drug label.

　　Image source: FDA official website screenshot

　　According to official website information of FDA, Meitheal announced that it voluntarily recalled a batch of Cisatracurium Besylate (atracurium benzenesulfonate) injection. The decision to recall the product was made after receiving a product complaint. The complaint showed that a part of the carton with batch number C11507A was labeled with Cisatracurium Besylate injection, with 10 bottles in each box, of which 10 bottles were wrongly labeled as Phenylephrine Hydrochloride (phenylephrine hydrochloride) injection.

　　In this regard, the reporter of national business daily sent an Interview Letter to Jianyou Co., Ltd. on the reasons for the suspension of the above-mentioned drugs and the reasons for the drug recall. Jianyou shares replied to the interview that the company formulated different product strategies according to different markets. Product strategies will be different in different markets in different periods. The product update iteration in the pharmaceutical market is very normal, and there are countless such cases in major pharmaceutical companies in the United States, such as PFIZER and SANDOZ. At the same time, Jianyou shares also provided reporters with screenshots of recent discontinued products of PFIZER and SANDOZ.

　　Regarding the drug recall, Jianyou Co., Ltd. said: "The company did have this recall. The specific recall situation and reasons can be found on the official website of the US FDA. The incident is not important and did not meet the disclosure standards."

　　Meitheal’s shareholders are actually "exporting to domestic sales"

　　"Through the acquisition of Meitheal, the company’s R&D products can carry out marketing and order acquisition in advance in the R&D stage, so that the company’s products can complete the preparatory work for listing and sales more quickly, and expand the profit period and space." Jianyou Co., Ltd. once described the reason for investing in Meitheal when it first increased its capital.

　　However, as a matter of fact, Meitheal didn’t bring profit expansion to Jianyou, on the contrary, it also caused a big loss.

　　Image source: The reporter made drawings according to the announcement of Jianyou shares.

　　As for LYFE, the original shareholder of Meitheal, Jianyou shares only disclosed that its shareholder was Lyfe Capital Fund II, and L.P. was gone.

　　It is worth noting that the main body of LYFE Capital’s WeChat WeChat official account is Zhouling Private Equity Fund Management (Shanghai) Co., Ltd. (hereinafter referred to as Zhouling Private Equity). Meitheal is listed as one of the projects invested by Zhouling Private Equity official website.

　　Image source: Zhouling Private Equity official website screenshot

　　Zhouling Private Equity was established in April 2015, and its legal representative is Zhao Jin. According to the relevant resume published by China Fund Industry Association, Zhao Jin once worked for Morit Group, Weiwu Capital and other companies.

　　Image source: screenshot of China Fund Industry Association

　　The reporter noticed that Sino Medical (SH688108, share price of 8.46 yuan, market value of 3.5 billion yuan) also involved in the IPO process related to the upper-level equity structure of LYFE Capital Fund II, L.P, which provided an answer to solve this problem.

　　At that time, the exchange asked whether the equity of the transferee issuer, such as Sino Medical, LYFE Capital set up by Jifeng Capital, a domestic investment institution, was in compliance with foreign exchange management laws and regulations, and whether there was a potential risk that the issuer would bear civil and criminal liability or be punished by administrative punishment.

　　In September 2019, when Sano Medical responded to the inquiry, it said that according to the information provided by LYFE Capital, as of the date of issuing the reply report, the limited partners of LYFE Capital Fund II, L.P were mainly overseas professional parent funds, management parent funds, family funds, insurance funds and equity investment funds.

　　Image source: screenshot of Sino Medical Announcement

　　The upper level of LYFE Capital Fund II, L.P includes limited partners and general partners, and who are these limited partners behind the scenes is not disclosed by Sino Medical.

　　However, for the general partner, Sino Medical has given a clear shareholding path. The general partner of LYFE Capital Fund II, L.P is Lyfe Capital Management Limited (BVI), and this company is 100% controlled by Shanghai Jirong Investment Consulting Partnership (Limited Partnership), and the general partner of Shanghai Jirong is Jiaxing Jifeng Equity Investment Management Co., Ltd. (hereinafter referred to as Jiaxing Jifeng). Natural persons Zhao Jin and Yu Zhengkun jointly controlled Jirong in Shanghai and Jifeng in Jiaxing.

　　In other words, in that year, China enterprises actually controlled Meitheal, and the actual controllers behind them were Zhao Jin and Yu Zhengkun. Jianyou’s investment in Meitheal is similar to the operation method of "exporting to domestic sales".

　　One of the original actual controllers of Meitheal is a former supervisor of Jianyou.

　　From the common sense, the financial strength, medical industry experience and management ability of Jianyou shares are better than that of a private investment fund. Then, why did Jianyou lend money to Meitheal, and then spent a lot of money to buy it, instead of directly operating and setting up an American subsidiary?

　　According to the reporter’s investigation, many evidences show that Zhao Jin, one of the actual controllers of LYFE Capital Fund II, L.P, used to be the supervisor of Jianyou.

　　According to the prospectus of Jianyou Co., Ltd. (the declaration draft was submitted on March 15th, 2016), there was a supervisor named Zhao Jin within the reporting period. According to the introduction of Jianyou Co., Ltd., its former supervisor Zhao Jin was nominated by Weiwu (Chengdu) Biotechnology Venture Capital Co., Ltd. [hereinafter referred to as Weiwu (Chengdu)].

　　In August 2015, Jianyou Co., Ltd. held an extraordinary general meeting of shareholders, and Zhao Jin no longer served as the supervisor of Jianyou Co., Ltd..

　　According to the prospectus of Jianyou, its former supervisor, Zhao Jin, is also a director of Hanerxi (Beijing) Technology Co., Ltd. and Shanghai Jingfeng Pharmaceutical Co., Ltd.. In addition to this information, Jianyou shares did not introduce the former supervisor in detail.

　　Image source: screenshot of Jianyou shares prospectus

　　According to Jianyou, JEF, Generic and Weiwei (Chengdu) are funds managed by VIVO Ventures, holding 3.0007%, 2.2506% and 0.2813% of the total share capital of Jianyou respectively. JEF, Generic and Weiwu (Chengdu) managed by VIVO Ventures hold 5.5326% of the shares of Jianyou.

　　Image source: screenshot of Jianyou shares prospectus

　　It is worth noting that the Chinese translation of VIVO Ventures is Weiwu Venture Capital.

　　At that time, Shanghai Jingfeng Pharmaceutical Co., Ltd., the enterprise of which Zhao Jin was a director, is now called Shanghai Jingfeng Pharmaceutical Co., Ltd., which is a subsidiary of listed company *ST Jingfeng (SZ000908, share price 1.18 yuan, market value 1.038 billion yuan). According to the announcement of *ST Jingfeng, Zhao Jin used to be a consultant of Morit, and now he is the managing partner of Vivo Ventures, and he is the supervisor of Jianyou Co., Ltd., and the chairman of Hanerxi (Beijing) Technology Co., Ltd.

　　According to the resume of Zhouling Private Equity Zhao Jin disclosed by the Fund Industry Association, Zhao Jin also worked as a senior consultant in Molit Group and a managing partner in Weiwu Capital. Then, is it a coincidence that Zhao Jin disclosed by *ST Jingfeng worked in Molit and Vivo Ventures and that Zhao Jin disclosed by China Fund Industry Association worked in Molit Group and Weiwu Capital?

　　Image source: *ST Jingfeng announcement screenshot

　　On the other hand, Zhao Jin disclosed by *ST Jingfeng was the chairman of Hanerchi (Beijing) Technology Co., Ltd., which provided important clues.

　　In April 2019, Yuandong Bio (SH688513, share price of 30.5 yuan, market value of 5.384 billion yuan) was disclosed in its prospectus, and its director Zhao Jin also served as the chairman of Hanerxi (Beijing) Technology Co., Ltd. At the same time, Yuandong Bio provided a detailed resume of Zhao Jin, and Zhao Jin has worked in many companies. Among them, in Jiaxing Jifeng, Zhao Jin holds 50% of the shares and serves as executive director and manager; In Shanghai Jirong, Zhao Jin holds 40% of the property and acts as the appointed representative of the executive partner.

　　Image source: Screenshot of Yuandong Biological Announcement

　　At this point, the answer is clear. Zhao Jin, the former supervisor of Jianyou Co., Ltd., is one of the original actual controllers of Meitheal.

　　As to who is the ultimate actual controller of LYFE, Jianyou Company stated in an interview letter to the reporter of national business daily that according to the announcement of Jianyou Company’s Foreign Investment in 2019 (announcementNo.: 2019-055), the shareholder of LYFE is LYFE Capital Fund II, L.P, which holds 100% equity of Lyfe. According to the public information on the Internet, LYFE Capital Fund II, L.P belongs to LYFE CAPITAL, and its founder and managing partner is Zhao Jin. Therefore, the ultimate actual controller of LYFE is Zhao Jin.

　　Regarding the question "Is Zhao Jin, your supervisor in Si Qian, one of the former actual controllers of Meitheal?" asked in the Interview Letter. If so, did any other directors of your company participate in Meitheal’s previous shareholding? If not, can your company provide corresponding reasons? " Jianyou shares replied: "Zhao Jin, the former supervisor of the company, was appointed by VIVO, an early shareholder of the company (at that time, Zhao Jin was a global partner of VIVO), and Zhao Jin became a director of Meitheal as a global partner of LYFE. There are no other directors in the company who participate in Meitheal’s shareholding. "

　　In addition, the reporter also issued an "Interview Letter" to Zhouling Private Equity on related issues, but as of press time, no response was received from the other party.

　　To sort out the timeline, the operations of Jianyou and Zhao Jin about Meitheal are as follows:

　　In April 2015, Zhouling Private Equity was established, with Zhao Jin as the legal representative.

　　In August 2015, Zhao Jin ceased to be the supervisor of Jianyou.

　　In December 2016, Meitheal was established, and Zhao Jin, as one of the actual controllers, was controlled by Lyfe (registered capital of US$ 50,000) which was finally established in Cayman Islands through a number of companies.

　　In January 2017, LYFE contributed $11.5 million to Meitheal.

　　From 2018 to the first half of 2019, Jianyou shares borrowed $23 million from Meitheal.

　　In October 2019, Jianyou Co., Ltd. increased its capital by about US$ 100 million to obtain 83.33% equity.

　　In 2021, Meitheal achieved a profit of 27.371 million yuan.

　　In the second half of 2022, Jianyou shares purchased 16.66% equity of Meit Heal held by LYFE in cash of 21 million US dollars.

　　In 2022, Meitheal lost nearly 80 million yuan.

　　In 2023, Meitheal lost RMB 2,538,200.