In the automotive market, the Honda CR-V has always held a place due to its outstanding performance and highly sought-after status.

Now, let’s delve into the latest price recommendations for this hot-selling model to meet consumer demand. According to official data, on October 4, 2020, the Honda CR-V’s bare car price has been adjusted to 16.982768 million yuan. This model is available in 17 different configurations on the market, including 7 models of Sharp T series, as well as the hybrid version, covering classic, comfort to Zunyao and other levels.

For those seeking cost-effectiveness, the GAC Honda CRV 2019 is priced at around 200,000 yuan, and its design and performance are equally attractive. The new Honda CR-V has been significantly upgraded in appearance. The minimalist design of the hexagonal air intake grille and the striking chrome decorative strips show a higher sense of luxury. Sharp headlights and horizontal fog lamps further enhance the recognition.

Considering the needs of consumers, Dongfeng Honda CRV has advantages in power and price. Its 100-kilometer acceleration performance is better, and the price is relatively close to the people, which has won the favor of many consumers. For friends with car purchase plans, the Honda CR-V with a landing price of 21.98 million provides a variety of car purchase plans, including reserve price purchase and mortgage options, 30% down payment ratio and flexible loan terms, providing car buyers with a wealth of choices.

To sum up, the Honda CR-V not only improves in design and performance, but also shows consumer care in price strategy. If you are looking for a reliable and cost-effective SUV, the Honda CR-V is an excellent option to consider.

[ITBEAR] September 19th news, the official recently announced that the much-anticipated new generation of XT5 will officially debut on the 28th of this month, and the model has started the pre-sale process. The new generation of XT5 launched this time has three different configurations, and the pre-sale price range is set at 279,900 yuan to 339,900 yuan. Compared with the old model, the price has been greatly reduced, with a decrease of up to 120,000 yuan. This strategy has made Cadillac play the market slogan of "luxury one price".

The new generation of XT5 shows the new look of the Cadillac family in design, while cleverly retaining many classic elements. Its iconic shield front grille is combined with a sharper split headlight set to create a stylish and dynamic visual effect. In addition, the use of a floating roof and the classic diamond-cut design of the rear further highlight the unique charm of this model.

According to ITBEAR, the new generation XT5 has been comprehensively upgraded in terms of size. Its length has been increased to 4888mm, the width has been increased to 1957mm, the height has also been increased to 1694mm, and the wheelbase has reached 2863mm. This change not only improves the interior space, but also provides passengers with a more comfortable ride experience. At the same time, the increase of the front and rear wheel bases and the improvement of the ground clearance have made the new generation XT5 significantly improved in driving stability and off-road performance.

In terms of interior, the new generation of XT5 has also undergone earth-shaking innovation. The car is equipped with the latest 33-inch 9K curved screen of the family, which is full of technology. The three-spoke steering wheel is full of practical control buttons, and the adoption of the Huai block design makes the central island have more storage space. In addition, the addition of ambient lights in the car also creates a more warm and comfortable riding environment for passengers.

In terms of power, the new generation XT5 is equipped with the LXH model 2.0T engine produced by SAIC General Power Technology (Shanghai) Co., Ltd., and is equipped with a 48V light hybrid system. This combination allows the model to have strong power while maintaining low fuel consumption. It is reported that the fuel consumption of this model under WLTC conditions is only 8.33L/100km, showing excellent fuel economy.

To sum up, the new generation will undoubtedly become a dark horse in the luxury SUV market with its new design style, upgraded size and interior configuration, and strong and efficient powertrain. Its pro-sale price strategy provides consumers with an irresistible choice.

#Cadillac’s new generation XT5 ##luxury SUV ##pre-sale opens ##price drop ##new design #

Source: http://www.itbear.com.cn/html/2024-09/512772.html

　　A few days ago, Toyota officially released the new generation of Corolla iM model (US version) at the 2018 New York Auto Show. The car is different from the new Auris unveiled at the 2018 Geneva Auto Show in details. It is also based on Toyota’s latest TNGA architecture. It is reported that this car will arrive in the US market in the summer.

　　Since the Scion brand was delisted in the North American market, the Scion iM has been renamed the Corolla iM and continues to be sold. The latest generation of the Corolla iM is built with the latest TNGA architecture, with an increased overall body size, with length, width and height of 4369/1791/1438mm and a wheelbase of 2639mm. The new Corolla iM, like the new Auris, is dominated by Toyota’s latest family-style design concept and has a more aggressive and sporty appearance.

　　In terms of details, the engine hatch design of the new car is about 5cm lower than the previous generation model, in order to improve the field of vision ahead. The new cars are equipped with LED front and rear light sets, but the LED headlights used in high-end models are more advanced and can be automatically adjusted. In terms of body color, the new car is available in a variety of colors including silver, black and blue.

　　Further than the new Auris, the new Corolla iM unveils the true face of this generation of Corolla interiors. The 8-inch floating multimedia display in the center of the console is very eye-catching (supports Apple CarPlay), which is more technological than the previous generation model. The style of the three-spoke multi-function steering wheel has also been optimized, and the interior highlights the current popular simple and fashionable style. In terms of configuration, the new car will be equipped with the Toyota Safety Sense safety system suite, including lane keeping, lane departure warning, automatic high beams, and pedestrian pre-collision systems.

　　Due to the new TNGA architecture, the official said that the NVH of the new car has been greatly improved compared with the previous generation model. In terms of power, the new car is equipped with a 2.0L gasoline engine, and the transmission system is matched with the latest CVT transmission (K120) and 6-speed manual transmission (EG60). However, the official has not yet announced the detailed parameters of this engine, which is expected to have a maximum power of 171 horsepower (169hp) and a peak torque of 205 Nm.

1905 movie network news　Directed and produced, produced and starred, and starred in the film has been released nationwide on July 30. At present, the film box office has exceeded 950 million and won the single-day box office championship for 25 consecutive days. Not only has the box office performed well, but the film’s reputation is also very strong, and it has won high praise from audiences on various platforms at home and abroad.

On August 23rd, the movie stars Nicholas Tse and "Rage · Serious Case" came to Chengdu roadshow. Some audience specially prepared panda dolls for the three main creators, and they turned the audience over. An audience member excitedly shouted Nicholas Tse, "After chasing you for several cities, I finally talked to you," and the audience confessed that "I have taken my children and family to brush" Rage · Serious Case "many times. Such a good movie must be supported a lot!" In the face of the audience’s curiosity about "Qiu Gangao regrets chasing Coke", Nicholas Tse bluntly said "Ah Ao has no regrets".

The audience swiped 15 times to see the small details that amazed Nicholas Tse

Do as the Romans do, Nicholas Tse plays with super long hot pot chopsticks on the spot

"My biggest wish is to bring my daughter to see you, thank you for accompanying me in my youth." In the face of the 23-year-old fans who were so excited that they choked up, Nicholas Tse signed the fan’s daughter’s teddy bear and comforted "don’t cry". To the audience’s emotion that "if you don’t do crazy things at the age of 30, you will be old", Nicholas Tse humorously responded, "I will be 41 next week, and I am still crazy", which caused the audience to laugh. One audience member said that he had scanned the movie 15 times and asked Qiu Gangao if he had had myopia surgery. Nicholas Tse exclaimed, "You know this movie better than me."

This time, he played the vicious and arrogant villain Qiu Gangao in the film, and Nicholas Tse’s wonderful action scenes left a deep impression on the audience. Some viewers praised Qiu Gangao’s "chopstick killing" as too cool, and specially prepared super long hot pot chopsticks for Nicholas Tse. Nicholas Tse also showed off the trick of "playing with chopsticks" on the spot, and joked, "They didn’t give me chopsticks when they went to the restaurant yesterday." Talking about the famous hot pot in Chengdu, Nicholas Tse confessed that he likes bullfrog hot pot very much. If you eat hot pot, you must order yellow throat and hairy belly. He Peiyu laughed and said that she would "eat hot pot before leaving", and McHenry also said that he "especially likes the ice powder in Chengdu".

He Pei Yu teaches self-defense, McHenry exposes the inside story of scar makeup

Nicholas Tse: Director Chen Musheng will definitely feel everyone’s love

He Peiyu plays a spirited policewoman in the film, which shows the audience a high level of fighting scenes. Some audience members asked He Peiyu to teach "women’s self-defense", and He Peiyu taught the key acupoints on the spot. Talking about the hard part of the shooting, He Peiyu confessed, "The strap is very heavy, and there is no air-conditioning during the shooting, so it is very hot." McHenry’s villain "Young Master" in the film caused the action to be exposed for a watch. Some audience members gave McHenry a small fan watch, asking the young master to "blow the wind and calm down when he went on top", which made the audience laugh. McHenry also revealed that the scar on the young master’s face was a suggestion of Brother Ting Feng, which added a lot of points to the character, but each makeup took two and a half hours.

The day of the roadshow was also the first anniversary of Director Chen Musheng’s death. When asked what he wanted to say to the director, Nicholas Tse sighed, "It’s a pity that I want to tell him too many things. I believe he will feel everyone’s love for’Anger · Serious Case ‘." He Pei Yu paid tribute to the director, "Director Chen Musheng gave a good blueprint, and Chinese action movies will definitely be very good." McHenry also expressed his gratitude to the director, "I will definitely keep everything Director Chen Musheng taught in my heart, thank you for leaving us such a good work."

National business daily news, Xpeng Motors left the number one.

On the evening of August 2, Wu Xinzhou, vice president of Xpeng Motors Autopilot, posted a message on social media announcing his resignation: "It’s time to leave. I am reluctant, but I believe that Tucki’s solid team and system can still push the assisted driving forward until the arrival of driverless driving. "

Image source: Sina Weibo

That night, He Xiaopeng, Chairman and CEO of Xpeng Motors, also posted on social media: "Because of family and various reasons, (Wu) Xinzhou said that he would return to the United States in the second half of last year. There are many reasons, but I respect and recognize his thinking very much."

He Xiaopeng revealed that Wu Xinzhou’s resignation was confirmed in the second half of last year. Therefore, in the next 10 months, He Xiaopeng and Wu Xinzhou decided on a brand-new working mode, and did a lot of proactive optimization and iteration in architecture and organization.

According to public information, Wu Xinzhou graduated from Tsinghua University with a bachelor’s degree in electronic engineering, and then obtained a master’s degree and a doctor’s degree in electronic engineering from the University of Illinois at Urbana-Champaign.

In 2019, Wu Xinzhou announced his participation in Xpeng Motors. He previously worked for Qualcomm and held several leadership positions in various R&D projects during his tenure at Qualcomm. He has rich industry experience in autonomous driving, precise positioning and mapping, vehicle networking, communication and wireless network.

It is understood that before Wu Xinzhou joined Xpeng Motors, Xpeng Motors’s self-research on intelligent driving software was not smooth. After joining Xpeng Motors, Wu Xinzhou reorganized Xpeng Motors’s autonomous driving architecture, built Xpeng Motors’s intelligent driving system, and helped Xpeng Motors complete the high-speed NGP and urban NGP landing.

"Five years ago, I came to Tucki across the ocean, came to the right platform at the right time, and joined a surging and exciting track; Therefore, HNGP, CNGP and XNGP have set a precedent for the China brand to land high-level assisted driving, and China’s intelligent electric vehicle has led the world. " Wu Xinzhou said on social media.

Image source: Every reporter Sun Lei photo (data map)

Haitong Securities believes that, as one of the new forces in domestic automobile head, Xpeng Motors leads the domestic in technology and innovation in autonomous driving, intelligent networking and intelligent cockpit. At the same time, it is worth noting that Xpeng Motors’s current smart driving function belongs to the first echelon in the domestic industry, and its smart driving products are gradually gaining the favor of consumers.

Wu Xinzhou said in an interview with the media that the number of orders for Xpeng Motors’s new car, Tucki G6, exceeded 40,000 within one month of its launch, of which the intelligent driving with "Max version" accounted for as high as 70%. According to the research report released by Credit Suisse, Xpeng Motors claimed that the G6 Max version accounted for more than 70% of the total cancellable orders, indicating that car buyers are interested in autonomous driving in the second half of this year, especially in urban areas and the AI ? ? driving function.

For Wu Xinzhou’s departure, Xpeng Motors has also decided in advance that Li Liyun will take over the Xpeng Motors AD (Autopilot) team. According to public information, shortly after Wu Xinzhou joined Xpeng Motors and finalized the intelligent driving route and team structure, Li Liyun joined the autonomous driving team in Xpeng Motors and was one of the important figures in the team. "Because I have been preparing for nearly a year, I firmly believe that the transition between the team and the business will be smooth and smooth." He Xiaopeng said.

In addition, He Xiaopeng said that he would still personally lead the autonomous driving and R&D team in Xpeng Motors. Xpeng Motors’s goal of popularizing XGNP in 50 cities this year has not changed, and he will fully support its strategic partner Volkswagen Group. "Xpeng Motors will make more AI-oriented organizational changes, and will reconstruct Xpeng Motors’s intelligent team, integrate AD, cockpit, machine brain, EEA and many innovative projects into a stronger intelligent team, and increase intelligent planning and operation teams." He Xiaopeng said.

As for Wu Xinzhou’s whereabouts, it is reported that he will join NVIDIA as the "global vice president" of the company and report to Huang Renxun, co-founder and CEO of NVIDIA.

However, neither Wu Xinzhou nor He Xiaopeng responded to this news. However, He Xiaopeng said: "(Wu) Xinzhou will become the highest-ranking Chinese executive of a world-renowned company and continue to cooperate deeply with Tucki in many aspects such as chips."

Original title: Xpeng Motors Zhijia No.1 resigned! He Xiaopeng issued a document confirming that the next stop may be NVIDIA.

Editor: Yang Hong

Editor: Zhang Songtao

Audit: Feng Fei

Zhengzhou, China, March 20th (Reporter chenchen, correspondent of Xiasha) Hu spicy soup, red dates, pepper chicken … Recently, these well-known Henan specialty products appeared on several flights departing from Zhengzhou, allowing the vast number of passengers to taste the authentic taste of Henan at an altitude of 10,000 meters.

The reporter learned from Xiangpeng Airlines that recently, Xiangpeng Airlines has equipped a variety of special products such as authentic Henan cuisine and handicrafts on flights from Zhengzhou to Lhasa, Guiyang, Quanzhou, Changchun and Korla, which not only improves the service level and passengers’ flight experience, but also opens up markets for local special products and serves local economic and social development.

Passengers can not only taste authentic Henan delicacies on the flight, but also provide more choices for the tourists, such as "Elephant Central Plains Fridge Magnet", "Four Gods Clouds and Qi Map Enamel Lacquered Fridge Magnet" and "Four Gods Guarding Paper Carved Lamps" with Henan historical and cultural characteristics, so that they can feel the cultural and artistic charm at an altitude of 10,000 meters.

According to the relevant staff of Xiangpeng Airlines, giving full play to the advantages of air transportation and integrating local culture and special products into cabin service can not only enhance the passenger’s flight experience, but also play a positive role in promoting the cultural inheritance and development and helping to release the new vitality of the local special product market.

It is understood that in recent years, Xiangpeng Airlines has continuously increased its transportation capacity and route network development in Henan, and set up Zhengzhou operation base to actively help the development of aviation in Henan. In the upcoming civil aviation summer season on March 31st, Xiangpeng Airlines plans to fly 11 routes in Zhengzhou, including many popular routes from Zhengzhou to Korla, Urumqi, Kunming, Guiyang and Chengdu Tianfu. Among them, the Zhengzhou-Sanya route is scheduled to go around on March 31 to provide passengers with more travel options. At the same time, Xiangpeng Airlines upgraded its service on all routes, providing 20 kilograms of free checked baggage allowance for economy class passengers. The standard of hand luggage is consistent with that of domestic full-service airlines, making passengers travel more convenient and comfortable.

In addition, Xiangpeng Airlines also launched a boutique route from Kunming to Zhengzhou to provide passengers with a better ground and air experience. There are 3 to 4 flights a day, forming a reasonable flight wave in the morning, middle and evening to meet the diversified travel needs of passengers.

　　 On March 19th, Google Pixel 8a passed FCC certification yesterday, including GKV4X, G8HHN, G6GPR and G576D.

　　When inquiring about the authentication documents of GKV4X mobile phone, it was found that the testing organization gave the three-dimensional size of the mobile phone as 152.0×73.0x9.0mm..

　　▲ Google GKV4X mobile phone authentication document

　　In addition, the authentication document also gives the FCC authentication electronic label of the mobile phone and the label style printed on the package.

　　▲ Left: electronic label, right: packaging entity label.

　　In January this year, the retail packaging of Google Pixel 8a mobile phone was exposed on the Internet, showing that the mobile phone is designed with a family-style camera island and equipped with dual cameras. The mobile phone model is G6GPR (consistent with FCC certification information), which supports fast charging up to 27W.

　　Google Pixel 8a mobile phoneThe high-definition rendering of the new machine was exposed last year, and the news said that the three-dimensional of the new machine was 152.1 x 72.6 x 8.9mm, which was basically consistent with the data in the certification document.

　　Processor: Tensor G3 Downconverted Edition

　　Screen: 6.1-inch 90Hz screen

　　Battery: 27W fast charge

　　Rear camera: dual camera

　　Three-dimensional: 152.0×73.0x9.0mm/152.1×72.6×8.9mm.

　　Color matching: obsidian black, ceramic rice, bay blue, mint fresh green.

　　Pricing: 569.9 euros in Germany (Remarks: At present, it is about 4468 RMB)

　　Buying a house and renting a house, the intermediary helps. In recent years, with the second-hand housing market and housing rental market warming up, the real estate intermediary industry has also achieved rapid development, which has played a positive role in activating the market and promoting transactions. However, many problems such as publishing false houses, concealing real information, forcing agency fees, embezzling or misappropriating transaction funds, engaging in financial business in violation of regulations, fabricating and spreading price increase information are also constantly fermenting in the intermediary market.

　　In response to these problems, seven departments, including the Ministry of Housing and Urban-Rural Development, the National Development and Reform Commission, and the Ministry of Industry and Information Technology, recently jointly issued the Opinions on Strengthening the Management of Real Estate Intermediaries to Promote the Healthy Development of the Industry, and put forward 16 policy measures from three aspects: standardizing the intermediary service behavior, improving the industry management system, and strengthening the supervision of the intermediary market, so as to constantly standardize the order of the real estate intermediary market.

　　Ensure that the listing information is true and the fees will be more standardized and transparent.

　　At present, in order to attract customers, attract business and improve income, some intermediaries hide "tricky" in their operations: some publish false information about houses or houses that have been sold, some maliciously bid down prices, some conceal information about mortgages, and some have problems such as irregular and opaque fees.

　　In order to make the intermediary business behavior more standardized, the Opinions made the following provisions on the system design:

　　Implement the verification system of housing information. Before releasing the listing information, the intermediary should verify the listing information with the consent of the client to ensure that the published listing is real and can be traded.

　　Prepare a statement of housing conditions. Intermediary release of housing information to prepare a housing situation statement, indicating the verification of housing information, real estate intermediary service contract number, housing location, area, property rights, listing price, property service fees, housing pictures, and other important matters that should be explained.

　　Strengthen the release management of housing information. The same listing information released by the intermediary in different channels such as stores and websites shall be consistent, and the listing information without written authorization of the property owner shall not be released, and the information that affects the housing transaction such as mortgage shall not be concealed.

　　The information of traded houses should be removed in time. For houses that have been sold or rented, the intermediary agencies that facilitated the transaction should remove the listing information from the distribution channels such as stores and websites within two working days from the date of signing the house sale or lease contract; For the house that the client has cancelled the entrustment, the intermediary agency shall remove the housing information from various channels within two working days.

　　In order to regulate the fees charged by intermediaries, the Opinions put forward measures such as clearly marking the price, voluntary choice of agency services by the parties and strengthening supervision. Intermediaries should identify all service items, service contents, charging methods and charging standards in a prominent position in the business premises, and all services must be priced separately; To provide services such as property right transfer and loan on behalf of the client, the client shall choose voluntarily and stipulate in the real estate intermediary service contract; Give full play to the role of 12358 price supervision platform.

　　Ensure transaction security and standardize financial business cooperation and tax payment.

　　Buying and selling houses involves real money, and safe transactions are the most important. No one wants to encounter such bad worries as "one room and two sales" and "running away with money"

　　In order to ensure the safety of housing transactions and safeguard the legitimate rights and interests of the parties to the transaction, the Opinions put forward four measures: standardizing intermediary agencies to undertake business, and intermediaries may not provide intermediary services for affordable housing that does not meet the trading conditions and houses that are prohibited from trading; Standardize the signing of intermediary service contracts. When accepting business entrustment, intermediaries should sign written real estate intermediary service contracts with clients and file them for future reference; To implement the online signing system of transaction contracts, all localities should fully implement online signing of transaction contracts. If a house has completed online signing, it cannot be signed again; To implement the supervision system of transaction funds, all localities should establish and improve the supervision system of transaction funds of stock houses. Intermediaries and their employees shall not collect and pay transaction funds through accounts other than supervision accounts, and shall not occupy or misappropriate transaction funds.

　　In recent years, in order to meet people’s demand for housing loans, many intermediaries have established business cooperation with financial institutions. However, in practice, there have also been problems such as intermediary designating financial institutions, bundling services, illegal provision or cooperation with other institutions to provide down payment loans.

　　In this regard, the "Opinions" stipulate that if an intermediary agency provides housing loan agency services, the client shall choose the financial institution independently and shall not bundle financial services with other services; Intermediaries shall not provide or cooperate with other institutions to provide illegal financial products and services such as down payment loans, and shall not charge financial institutions or charge fees such as rebates in disguise; Financial institutions may not cooperate with intermediaries that have not been filed with the real estate authorities to provide financial services.

　　In addition, in order to standardize the tax payment behavior of intermediaries to assist the parties and avoid problems such as concealing the real transaction price and evading taxes and fees, the Opinions require intermediaries and employees to truthfully inform the parties about tax regulations and preferential policies and assist them to pay taxes in good faith according to law; It is not allowed to induce, instigate or assist the parties to a transaction to sign a contract with different transaction prices for the same house, that is, the so-called "yin-yang contract", and quote a lower transaction price; Shall not help or instigate the parties to the transaction to forge false certificates to defraud tax incentives; Do not resell the tax reservation number.

　　Intermediary institutions to implement filing and list publicity, intermediaries must be real names.

　　For a long time, the threshold of intermediary institutions is low, and the fish and dragons are mixed. Some engage in intermediary business without filing, and are outside the supervision; Intermediary practitioners also have the characteristics of high mobility and low overall quality.

　　The "Opinions" clarify that the filing system and the list publicity system should be implemented for intermediaries: First, the filing system should be strictly implemented, and intermediaries and their branches should be filed with the real estate authorities in accordance with regulations. Institutions that provide services through the Internet should not only go to the provincial communications authorities where the institutions are located, but also go to the real estate authorities in cities and counties where the services are covered. The second is to implement the publicity system for the list of intermediaries. Local real estate, communications, and industrial and commercial administrative departments establish a linkage mechanism to exchange information regularly, and publicize the list of intermediaries that have been filed and not filed through government websites and other channels to remind the masses to carefully choose intermediaries.

　　In order to strengthen the management of intermediary employees, the Opinions also clarify the following points: if intermediary employees publish housing information on websites and other channels, they should publish it with their real names, and they should wear work cards indicating their names, organization names, national professional qualifications and other information when serving; City and county real estate departments should register the real names of intermediaries; Implement the professional qualification system for real estate brokers.

　　Those who keep their promises will be smooth all the way, and those who break their promises will be unable to move.

　　Effective supervision depends on institutional innovation. In the future, we will strengthen the construction of industry credit system and build a new supervision system with credit as the core.

　　According to the Opinions, the relevant departments of cities and counties should speed up the construction of a credit management platform for the real estate intermediary industry, record the basic information, good behaviors and bad behaviors of intermediaries and employees in the credit management platform in a timely manner, and publicize them to the public. The national credit management platform will also be gradually established and incorporated into the national social credit system.

　　In the future, honest and trustworthy intermediaries and employees will enjoy convenient and fast services when handling housing verification, contract online signing, loan agency and tax-related business; Relevant departments will optimize the inspection frequency in daily inspection and special inspection; When choosing an intermediary to operate and manage public rental housing invested by the government, all localities will give priority to honest intermediaries.

　　For intermediaries and employees who violate laws and regulations, the relevant departments will take joint disciplinary measures against serious dishonesty through information sharing, and list the subject of serious dishonesty as the key supervision object, restricting them from engaging in various real estate intermediary services; The illegal decisions and "blacklists" made by intermediaries will be publicized according to law through the enterprise credit information publicity system; For serious untrustworthy intermediaries, their legal representatives, principal responsible persons and employees who are directly responsible for untrustworthy behavior, market and industry ban measures will be jointly implemented.

Stock code: 600977 Stock abbreviation: China Film AnnouncementNo.: 2023-031.

China Film Co., Ltd

Announcement on Holding the Performance Briefing Meeting for the Third Quarter of 2023

The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear legal responsibilities for the authenticity, accuracy and completeness of its contents.

Important content prompt

Meeting time: 10:00-11:00 am on December 26th, 2023.

Convening method: network text interaction

Webcast address: Shanghai Road Show Center (//roadshow.sseinfo.com/)

Question collection method: ir@chinafilm.com or WeChat collection page.

China Film Co., Ltd. (hereinafter referred to as "the Company") released the Third Quarter Report of China Film Co., Ltd. in 2023 on the website of Shanghai Stock Exchange on October 28th, 2023. In order to facilitate investors to have a comprehensive and in-depth understanding of the company’s business development, the company plans to hold a performance briefing meeting in the third quarter of 2023 to exchange views on issues of common concern to investors.

I. Solicitation of investor questions

Before 18:00 on Thursday, December 21, 2023, investors can send the information you want to know about the company and related questions to the office of the board of directors of the company in the following ways, and the company will answer the questions that investors are generally concerned about at this performance briefing.

1. E-mail: sent to ir@chinafilm.com;

2. WeChat page: scan the QR code on the right to visit the registration page or click.

Https://www.wjx.cn/vm/mNkw6OV.aspx to fill in.

Second, explain the type and arrangement of the meeting

(1) Meeting time: 10:00-11:00 am on December 26th, 2023.

(B) Convening method: online text interaction.

(3) Webcast address: Shanghai Stock Exchange Roadshow Center (//roadshow.sseinfo.com/)

III. Attendants of the Company

Chairman and General Manager: Mr. Fu Ruoqing

Director, Secretary of the Board of Directors and Deputy General Manager: Ms. Ren Yue

Director and Chief Financial Officer: Ms. Wang Bei

Director and Deputy General Manager: Mr. Bu Shusheng

Independent Director: Mr. Li Xiaorong

Fourth, the way of investor participation

Investors can log on to the website of SSE Roadshow Center (//roadshow.sseinfo.com/) at 10:00-11:00 am on December 26th, 2023, participate in the performance briefing online, and ask questions and interact with the company through the "interactive communication" column of SSE Roadshow Center.

V. Contact Department and Contact Information

Contact Department: Office of the Board of Directors

Contact E-mail: ir@chinafilm.com, Tel: 010-88321280.

It is hereby announced.

Board of Directors of China Film Co., Ltd.

December 19, 2023

A few days ago, McKinsey and BOF jointly released the report "The State of Fashion 2024", which deeply discussed the current situation and future trend of the global fashion industry. The report covers consumer behavior, brand strategy, digital transformation and sustainable development. Let’s take stock of the potential challenges and opportunities that the fashion industry will face in 2024 through the interpretation of the report.

In 2024, fashion companies will face economic headwinds, technological changes and changing competition patterns. However, changes in consumers’ focus will continue to bring opportunities.

—— Introduction to the report

According to the report of The State of Fashion 2024,In the coming year, challenges such as weak economic growth, persistent inflation and weak consumer confidence may make industry leaders feel a lot of uncertainty. In this context, it will be a new challenge for enterprises to discover the value depression and release the new motivation of performance.

We can see:It is predicted that the growth of all regions will slow down but tend to be normal in 2024, among which the growth of non-luxury goods and luxury goods market in China will be higher than that in the United States and Europe in the same period.

McKinsey also predicted that:In 2024, the retail sales of the global fashion industry will achieve a year-on-year growth of 2%-4% (there will be slight differences between different countries and regions). The luxury goods market will once again create the largest share of economic profits. It is estimated that the growth rate of global retail sales of luxury goods will slow down from 5%-7% in 2023 to 3%-5% in 2024, because consumers will curb consumption after experiencing the shopping boom after the pandemic.

10

Trend Prospect of Fashion Industry in 2024

# Global economy #

01 fragmented future

"In 2024, the global economic outlook may continue to be turbulent, and consumer spending may decrease in the coming year," the report wrote.Challenges from finance, geopolitics and other aspects will affect the confidence of global consumers, which requires suppliers, brands and retailers to strengthen emergency response measures.

The economic outlook report released by the Organization for Economic Cooperation and Development (OECD) on November 29th also shows that:The global GDP growth rate will slow down from 2.9% in 2023 to 2.7% in 2024, and it is estimated that the GDP growth will improve slightly in 2025, reaching 3%.It is predicted that from 2024 to 2025, Asia will continue to contribute most of the global economic growth as it did in 2023.

It is worth mentioning that "Emerging Asia", as a promising market, will provide potential growth points.

The urgency of climate

In the past year, the frequency and intensity of extreme weather have proved that the climate crisis is continuing to intensify. These crises also make the fashion industry more fragile. According to the report, by 2030, extreme weather events may endanger the clothing export business worth $65 billion and make nearly 1 million jobs disappear in the four most important economies of the global fashion industry.

According to a report by Fashion Without Borders, 2024 may be the first year when the global average surface temperature is 1.5°C higher than that in the pre-industrial era. This is the first time that the British National Weather Service has predicted that the temperature may temporarily exceed 1.5°C within one year.As the climate crisis worsens, we in the fashion industry can’t delay any longer. We need to build resilience in the fashion supply chain and help reduce emissions.

# Consumer transfer #

03 vacation mode

Consumers are preparing for the largest tourism year since the outbreak of the pandemic. It is estimated that the number of global tourists will exceed the pre-pandemic level for the first time in 2024, reaching 110% of the 2019 level.

For travelers, shopping is still their "top priority". The data shows that 80% of consumers surveyed from the United States, Britain and China said they would buy fashion products when traveling in 2024, and 28% of them plan to spend more than the previous year; More than half of the respondents said they were looking for destinations they had never been to, including second-tier cities.Faced with such demand and changes in market trends, brands and retailers should consider updating their distribution and category strategies to meet the needs of travelers anytime and anywhere.

The new face of influence

The report also mentioned that compared with previous years, 68% of consumers began to be troubled by a large number of sponsored content on social media, and 65% of consumers reduced their dependence on fashion influencers.Consumers are more looking forward to the demand for authenticity, entertainment and approachable personality. The creators of "New Wave" were also born.-they advocate less exquisite aesthetics, grotesque, humor, and fragility.

In order to capture and retain the attention of online consumers in 2024, fashion marketers may break the tried-and-true routine and explore new ways to cooperate with creators.

05 outdoor sports re-innovation

Consumers’ pursuit of healthy lifestyle and "Gorpcore style" has promoted the development of technical outdoor clothing, and this trend may be further accelerated.More and more outdoor brands may launch lifestyle series, and lifestyle brands will integrate technical elements into the series, further blurring the boundary between functionality and fashion.

In recent years, outdoor clothing and shoes have been repositioned as daily items, which means thatThe brand will establish a closer relationship between style and practicality.. With the cooling of the "Gorpcore" trend,Brands may begin to tend to be low-key, "quiet outdoor" fashion.. The report also predicts that in 2024,Competition at different price points and categories may be intensified.Some outdoor brands will tilt their clothes to the high end, while others will adjust their footwear products.

# Fashion System #

06 new generation artificial intelligence

After the emergence of generative artificial intelligence in 2023, there have been some use cases in creative industries including fashion. In 2023, the equity financing of start-ups focusing on generative artificial intelligence surged, reaching $14.1 billion in the first half of this year alone.To seize the value of this revolutionary technology in 2024, the fashion industry needs to go beyond automation and explore its potential to enhance the work of human creative personnel.At present, the EU has reached a preliminary agreement on the artificial intelligence bill, which has reached three points of consensus, including clarifying the obligations of AI systems classified as high-risk, and proposing that citizens should have the right to lodge complaints and have the right to obtain meaningful explanations; The general AI system and model must be transparent, and the biometric identification system should be used in public places for law enforcement purposes, thus achieving exceptions and safeguards for law enforcement exemption.

As mentioned in the report, as many as a quarter of the potential value of generative artificial intelligence in fashion may be driven by use cases in design and product development. 73% of fashion executives have said that in 2024, generative artificial intelligence will become a priority for their enterprises, and 28% of enterprises have tried to use it in the creative process of design and product development.

07 fast fashion power game

In the coming year, the competition of fast fashion may be more intense. Challengers, led by Shein, a B2C fast fashion e-commerce platform, and Temu, a cross-border platform owned by Pinduoduo, are changing their strategies around price, customer experience and speed.

In the past 12 months, 40% American consumers and 26% British consumers have shopped in Shein or Temu. The success of these companies benefits from the innovation of operating models, including flexible design of supply chain from manufacturers to consumers and data-driven product design. These innovations make fashion faster and cheaper than before.

In 2024, this generation of fast fashion may face some challenges as the standards of regulators and consumers on topics such as sustainable development and trade practice are constantly changing.The success of disruptors and incumbents will depend on whether they can adapt to the changing consumer preferences and control the laws and regulations that may affect the industry.

08 Pay attention to the brand

The pattern facing the fashion industry is changing, and performance marketing is no longer the main focus.Brand marketing may become the focus of fashion again in the coming year. The emotional connection between consumers and brands is also likely to become the key for fashion marketers to adjust their strategies and emphasize long-term brand building strategies.According to the survey, 71% of fashion executives plan to invest more money in brand marketing in 2024 than before, and 46% plan to invest more money in effect marketing.

In view of the increasing cost of effect marketing and the restrictions on customer orientation by data privacy laws, fashion marketers need to find new ways to attract shoppers.In the future, brands may improve the way of establishing emotional connection with consumers through marketing, and may cooperate in fashion industry and adjacent fields to create fascinating brand stories.

09 sustainability rules

The era of self-restraint and sustainable development of fashion industry will end on a global scale. New rules from various jurisdictions may have a wide impact on consumers and the fashion industry. Brands and manufacturers need to reform their business models to adapt to future changes.

The report also mentioned that at the end of 2023, there were as many as 16 pieces of legislation related to fashion and textiles under discussion in the EU alone, and the first batch will take effect in 2024. Relevant laws and regulations will cover the whole fashion value chain from product design to marketing, which will have an impact on consumers and enterprises around the world.

10 whip effect

The change of consumer demand leads to the "Bullwhip effect", which brings pressure to fashion suppliers.The "bullwhip effect" refers to the phenomenon that when the demand information in the middle and lower reaches of the supply chain is transmitted to the upstream, retailers, distributors and wholesalers are overweight layer by layer because the information cannot be effectively shared, and the demand is getting higher and higher upstream, just like waving a bullwhip, which eventually leads to a great difference between the demand data obtained by the most original supplier and the demand information of customers in the actual consumer market.

In the fashion industry, the impact of demand fluctuation on upstream suppliers is particularly serious. According to the report data, the production capacity of factories that were produced at full capacity in 2021 has dropped by 30%-40% by 2023. According to 73% of chief procurement officers, this volatility will become one of the primary challenges affecting supplier relations in the next five years.If the supply wants to keep up with the expected new demand, brands and retailers should consider paying attention to transparency and strengthening strategic partnership.

*

The report of The State of Fashion 2024 writes:Looking forward to 2024, fashion leaders are expected to encounter more unfavorable factors and feel uncertain about the prospects for the coming year.. In the survey conducted in early September, 26% of the respondents expected the market situation to improve in 2024, 37% expected the situation to remain unchanged, and 38% expected the situation to deteriorate. This is the biggest difference in the BoF-McKinsey survey since 2017.

It is not difficult to predict that the next year will still be a year of crisis and opportunity. Although it is full of changes, there is still a breakthrough prospect.Facing the innovation of science and technology and the development of artificial intelligence, enterprises can seize opportunities by making full use of technology; Faced with the increasing demand of consumers for authenticity and affinity of content, marketers can consider taking advantage of the new wave of creation to create a new brand narrative; In the year when people rekindle their enthusiasm for travel, enterprises can further enhance the way of interacting with consumers and create a brand experience that breaks through the tradition …

All in all, 2024 is a challenging year. We are full of confidence, but we are not blindly optimistic. We also expect industry practitioners to ride the wind and waves, rebuild their confidence in the process of recovery, lay a solid foundation and accumulate wealth.

For more details, please pay attention to WeChat WeChat official account: Fashion Without Borders.