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If you like collecting newspapers, you may wonder whether your newspaper collection is worth anything. This involves many factors. Here we will discuss this topic and introduce five points you need to know.

The first point is the publication date of the newspaper.Generally speaking, the earlier the newspaper, the higher its value. For example, a newspaper in The New York Times on September 3rd, 1939 can be worth several hundred dollars, while a newspaper in The New York Times on September 3rd, 2009 is only worth several dollars. Therefore, if you collect early newspapers, they are likely to be valuable.

The second point is the content of the newspaper.Some special events, people or articles in the newspaper may affect the value of the newspaper. For example, if you have a The New York Times that reported Lincoln’s assassination, it is likely to be valuable. Similarly, if you have a St. Louis Post that reports the death of Mark Twain, its value will be higher.

The third point is the layout of the newspaper.The layout of some newspapers is very unique or has an important position in history. Such newspapers are often more valuable than ordinary newspapers in the collection market. For example, some newspapers use unique colors and typesetting designs, and these newspapers are likely to sell at high prices in the market.

The fourth point is the rarity of newspapers.If a newspaper is hard to find, its value will be high. For example, if you have a newspaper about President Roosevelt’s announcement that the United States entered World War II, its value will be higher because it is hard to find.

The last point is the preservation state of the newspaper.If a newspaper is well preserved without any damage, its value will be higher. If a newspaper is creased, torn or stained, its value will be reduced accordingly.

After summing up these points, we can draw a conclusion that your newspaper collection may be very valuable, but it may also be worth only a few cents. If you want to know whether your newspaper is valuable or not, you need to consider the above five factors.

　　Block printing is one of the main printing methods of books in the history of China, and it is called "living fossil" in the history of printing. In Hanying Village, Caiyu Town, Daxing District, the ancient skills of block printing and thread-bound book binding have come from history and have been passed down to this day.

　　Hanying Village is located at the southernmost tip of Daxing. The factory of Beijing Huayizhai Ancient Books Printing Co., Ltd. is a large compound with simple and spacious workshops. There are no large printing machines and binding machines in modern printing factories. What you see are pieces of wooden woodcuts engraved with historical marks, piles of plain white and fine rice paper, and book-bound books on the shelves. Here, it’s like riding a time machine back to the ancient book printing workshop in history. All the ancient books that "walk" out from here are printed by hand and bound by thread. This printing factory in the suburbs of Beijing seems ordinary, but it is scattered with the ink of ancient books, recreating the glory of this ancient skill. Ren Baoquan, the general manager of Beijing Huayizhai Ancient Books Printing Co., Ltd. and the fourth generation non-genetic inheritor, enthusiastically introduced their main business. After listening to him, people felt more and more that this ancient skill won glory for our country and glory in international exchanges.

　　?

　　On September 18th, 2021, five batches of representative lists of municipal intangible cultural heritage were approved.

　　Up to now, it also undertakes the printing and binding business of thread-bound ancient books in many large libraries and museums across the country. Yongle Dadian, Qianlong tripitaka, Dunhuang suicide note, catalogue of Si Ku Quan Shu, Ten Bamboo Grottoes Notes, Rare Books of Chinese Reproduction, Legend of Hongxue karma … All the famous names in ancient books have been "reborn" here. In Ren Baoquan’s words, "60% to 70% of the country’s ancient book engravings have been here."

　　Engraving and printing technology was invented in the 7th century AD, and it once had a glorious stage in history. The book of Song Dynasty was once called "a page of gold" by historians. Darani Jing, which was printed by block printing in China, was engraved between 704 and 751, and it is the earliest block printing known at present. The Diamond Sutra, which is now collected in the British Museum in the 9th year of Tang Xiantong (868), was created by Wang Jun for his second parents. It is the most complete printed engraving with a date in China. This printed engraving is exquisite, skillful in knife cutting, thick and well-balanced in ink color, simple and dignified in graphics and text, and clear and distinct, which shows that the printing technology of engraving in China has reached a high level.

　　After entering the 9th century, engraving and printing technology has been widely used in China. During the Five Dynasties, not only did the folk engrave books, but the government also engraved Confucian books on a large scale. According to records, from the third year of Changxing in Tang Mingzong (932) to the third year of Guangshun in the later Zhou Dynasty (953), 130 volumes of Nine Classics, Five Classics and Nine Classics were engraved. In the Song Dynasty, the development of block printing technology reached a new height, and the technology was perfected, and movable type printing was invented. However, block printing was not completely replaced by movable type printing, and it still occupied an important position in the printing industry in ancient China, especially in Hangzhou, Zhejiang Province, Jianyang, Fujian Province and Chengdu, Sichuan Province. In the fourth year of Song Taizu Kaibao (971), Zhang Tu-xin carved and published all the Tripitaka in Chengdu, which took 22 years, including 1,076 books and 5,048 volumes, and there were as many as 130,000 engravings, which was the largest book in the early printing history. The Yuan, Ming and Qing dynasties basically inherited the engraving and printing technology of the Song Dynasty. There are not only officials at all levels, but also academies, bookstores and individuals engaged in engraving books, which are distributed in the classics, history, books and collections.

　　Beijing Huayizhai Ancient Books Printing Co., Ltd. Ren Baoquan inherited the engraving, printing and thread-bound book binding skills, and its historical origin can be traced back to Furuntang. Furuntang was established in the 29th year of Guangxu (1903). The shopkeeper Wang Futian was from Shulu, Hebei Province. At the beginning of its opening, most of its business was related to books in the Qing Palace. In 1907, Dong Jinbang became an apprentice in the second-hand bookstore of Furuntang in Beijing, and was recognized as the first generation main inheritor of this skill.

　　Ancient books are not only books for people to read, but also works of art that can be collected and gifts for friends, so the craftsmanship is very particular. Engraving, printing and thread-bound book binding skills are the condensation of several excellent traditional crafts of China, such as papermaking, inking, engraving and copying in China, which finally formed this unique cultural craft of China. At least 20 processes including writing, engraving, printing, folding, page matching, column alignment, cutting, corner wrapping, stitching, gluing, labeling, etc. The tools needed for engraving and printing and binding of newly printed ancient books with thread are writing brush, bristle brush, inkstone, ink, felt board, engraving, paper twisting, scissors, folding plate, etc. The styles of engraving and printing are mainly paper, fine folding, butterfly, gold inlaid jade and square book.

　　Nowadays, except for the first writing process, which can be replaced by modern technology such as computer printing, the other processes need to be carried out manually. This manual work looks simple, but in fact it is very complicated in technology. Writing and publishing sample jargon on paper is called edition writing. After edition writing, it is necessary to correct it, check whether there are any mistakes in writing, and then carry out reverse extension after confirming that there are no problems.

　　There are more than 20 kinds of books printed by Huayizhai engraving, such as Yongle Dadian, Tripitaka, Dunhuang suicide note and sample Lei Tudang. More than 10 kinds of printing plates are created by traditional methods every year. In addition to its own 500-square-meter exhibition hall for the intangible cultural heritage of Huayizhai, in recent years, it has participated in more than 100 exhibition activities such as the Beijing Cultural Fair and entering the community.

　　Ren Baoquan said, in fact, there are very few craftsmen among them who can carve woodcuts alone, and those who have this craft can only tinker with ancient woodcuts because there is no "work". Now, engraving and printing have entered the school classroom. After being rated as a district-level intangible cultural heritage in 2014, Ren Baoquan and old craftsmen began to walk into the characteristic school attached to Beiyin Primary School to explain this ancient skill to students and experience the unique charm of intangible culture.

　　Ren Baoquan is planning to build his own engraving and printing museum-Huayizhai China Aiyin Academy. "I have more than 20,000 woodcuts, and the value of woodcuts lies in its cultural communication function. If it can’t spread culture, it’s just a pile of carved boards. Although it is carefully protected, it will eventually corrupt and disappear. Only by using them and printing books can their value be reflected. " Ren Baoquan said that his planned woodblock printing museum will show the whole process of woodblock printing and allow visitors to participate in the printing process. "I’m collecting pear boards used in block printing, inviting old craftsmen back, turning block printing into a cultural and creative industry, allowing people to truly experience the block printing technology and spread this cultural treasure of China." It is Ren Baoquan’s wish to pass on the skills of block printing and thread-bound book binding from generation to generation, and it is also widely expected.

spring

Know the custom and taste the year.

festival

Traditional customs of the 29 th lunar month

NEW YEAR

Happy the Year of the Loong.

Today is the twenty-ninth day of the twelfth lunar month. On the twenty-ninth day of the twelfth lunar month, the folk customs in different places are different. As the old saying goes, "One steaming, two cooking and three sweeping". So what are these customs on the 29th of the twelfth lunar month? What are the historical origins?

Spring

Festival

Twenty-nine, steamed buns

#1

The folk song "Twenty-nine, Steamed Steamed Steamed Bread", people give full play to their imagination and make steamed bread into various shapes such as peach and small animals. In the past, steamed buns were not made casually, but carefully prepared and carefully, because the steamed buns had to be exchanged with neighbors on blind dates, so they must be made to look good and delicious, which was auspicious and very particular.

In Jiaodong, Shandong Province, steamed buns are to be steamed on the 29th day of the twelfth lunar month, which is as important as wrapping jiaozi in the Lunar New Year’s Eve. No matter how busy you are, every household should steam a few pots. "I made a festive steamed bread last year and made a bigger harvest next year." This is Jiaodong people’s blessing for the New Year. In other areas, steamed flower rolls, bean bags and steamed buns are needed on this day, and several pots of good wine are needed in ancient times.

People in the north steam steamed buns and bean bags on the 29th of the twelfth lunar month, while some areas in the south will make rice cakes on this day. "The whole family, old and young, worshiped and enjoyed eating the rice cake". The rice cake was fragrant, but it was hard to make. First, we selected the best hybrid rice and glutinous rice as the main ingredients, added various ingredients, steamed it, put it in a mortar, and several people took turns pounding it for 15 minutes. When the rice cake became soft and glutinous, it was considered as a success.

#2

Twenty-nine, go get some wine

Spring

Festival

Wine is a symbol of culture in China. In The Book of Rites, it is said that "drinkers support the elderly, so they support the sick." This kind of thing, wine, is the essence of grain. Of course, ancient wine is very different from modern wine, basically like rice wine or fermented grains now; "Yin Ruins Text Category Compilation" said that "the word wine contained in Oracle inscriptions is the name of sacrifice. The archaeologist recommended the ancestral temple when the wine was ripe, and then the son of heaven and his ministers drank it in the DPRK. " The ancients had already started offering sacrifices to their ancestors with wine, which shows that the custom of drinking alcohol in this festival has been circulating for a long time.

On this day, the family went to host a banquet. First, they thanked their neighbors for their usual care, and they were going to keep their old age during the Chinese New Year, one day in advance, and they were respectful. Secondly, on this day, people in the pre-Qin period are already doing this by going to the ancestral graves to welcome their ancestors and offering offerings, imitating the culture of ancient times and inheriting that spiritual sustenance.

Spring

Festival

29,

Go to the grave and ask your ancestors to make a big confession.

#3

The twelfth lunar month is a month for offering sacrifices to ancestors. The Book of Rites says that "the month of Meng Dong, the ancestors of Menlu La were worshipped for five times", and Zuo Zhuan says that "the great event of the country is to worship and conquer". In ancient times, the ancestors of the Central Plains were all agricultural peoples, living and working in peace and contentment, and they were often harassed by nomads. Everyone was trying to survive. This is what Rong said about the north.

In the Han Dynasty, resisting the Huns was a matter of vital importance to the country. Like Rong in Zuo Zhuan, it was to fight to defend one’s homeland. Defending our country and offering sacrifices to our ancestors are equally important in the eyes of our ancestors, which is why China paid so much attention to filial piety culture in ancient times, and now everyone’s inheritance is also such a cultural continuation.

One of the most important aspects of filial piety culture is offering sacrifices to ancestors. Where did it come from without inheritance? The reasons why people worship their ancestors are, firstly, the inheritance of filial piety culture, secondly, not forgetting where they come from, and thirdly, educating future generations and not forgetting the glory and suffering of their ancestors. In future life, we should remember the teachings of our ancestors and avoid many crooked roads.

joyous

joyous

happy

happy

pass

big

year

The lunar calendar in China is divided into big and small months. The big month is 30 days, and the abortion is only 29 days. If the twelfth month is a miscarriage, the 29th is the last day, that is, New Year’s Eve. Everything to welcome the Spring Festival must be ready before this day. In the whole festival, the 29th is the busiest day. In addition, if the twelfth lunar month is a big month, the 29th of the twelfth lunar month is called a small division, that is, the New Year’s Eve is called a big division, that is, the New Year’s Eve.

Original title: "Folk custom over the New Year | Traditional custom of the 29th twelfth lunar month"

Read the original text

CCTV4 national treasure archives news, China’s ancestors made our descendants proud and surprised the world. Everyone knows the four great inventions, but you may not know how many worlds were the best in ancient China …

1. The earliest planting of rice and millet.

As early as 7,000 to 5,000 years ago, during the matriarchal clan commune, rice and millet had been planted in China.

2, the earliest invention of sericulture and silk weaving.

As early as four or five thousand years ago, during the patriarchal clan commune, China began to raise silkworms for reeling, and the prevention and control technology made new progress.

3. Paint has the longest history.

Red lacquer bowls were unearthed at Hemudu site in primitive society. Lacquerware manufacturing in Shang and Zhou Dynasties has reached a high level.

4, the use of words, the longest circulation time.

Chinese characters are still the only ancient characters widely used in the world. Chinese characters came into being from the end of primitive society to the early slave society, and by the time of Shang Dynasty, Oracle Bone Inscriptions had become a relatively mature character.

5, the longest date method

As the greatest achievement of the calendar of Shang Dynasty, the method of keeping the date of the year by the cadres and branches is the longest one in the world.

6, the earliest recorded solar eclipse and lunar eclipse.

Records of early solar and lunar eclipses in China are kept in the relevant historical materials of Xia Dynasty and Oracle Bone Inscriptions of Shang Dynasty. This is also the earliest existing record in the world.

7, the earliest invention of cast iron softening technology.

During the Spring and Autumn Period and the Warring States Period, the softening treatment technology of cast iron created by our people was more than two thousand years earlier than that in Europe.

8. The earliest record of Halley’s comet.

The Spring and Autumn Annals records that in 613 BC, "a star entered the Beidou", which is recognized as the first exact record of Halley’s comet in the world, more than 600 years earlier than in Europe.

9, the earliest establishment of the 19-year seven-leap calendar.

The legislation in the Spring and Autumn Period has formed a fixed system, basically establishing the principle of seven leaps in nineteen years, 160 years earlier than in the West.

10. The earliest astronomical works

During the Warring States Period, Gan De, a Chu man, and Shi Shen, a Wei man, each wrote an astronomical work, which was later collectively called Gan Shi Xing Jing, which contained rich astronomical records.

11, the earliest use of plows

In the Western Han Dynasty, plow walls were installed on plows, which was more than 1000 years earlier than in Europe.

12. The earliest sunspot record

The Five Elements Records in Hanshu states: "In the first year of Emperor Heping of the Han Dynasty (28 BC), March was over (18th), and the sun was yellow, with black gas as big as money, and it lived in the center of Japan." This record about sunspots in the Western Han Dynasty is recognized by the world as the earliest record about sunspots.

13. The most advanced applied mathematics

Nine Chapters Arithmetic, a mathematical monograph written in the Eastern Han Dynasty, introduced many arithmetic propositions and their solutions in nine chapters. It was the most advanced applied mathematics in the world at that time, marking the formation of a complete system of ancient mathematics in China.

14, the earliest seismograph to determine the earthquake orientation.

The seismograph invented and manufactured by Zhang Heng, a scientist in the Eastern Han Dynasty, can remotely measure the direction of earthquakes thousands of miles away, more than 1,700 years before Europeans made it.

15, the earliest invention of anesthetics

Hua Tuo, a "magical doctor" at the end of the Eastern Han Dynasty, extracted and made hemp boiling powder from plants, which was suitable for surgery, more than 1,600 years earlier than in the West.

16. The earliest invention of papermaking

There was paper in the early Western Han Dynasty, and the paper with maps unearthed in Fangmatan, Tianshui, Gansu Province is the earliest known paper in the world. In 105 AD, Cai Lun in the Eastern Han Dynasty improved papermaking and made cheap and easy-to-write paper. And the raw materials are easy to get, so it is called "Cai Hou Paper".

17, the earliest accurate calculation of pi.

Liu Wei, a mathematician in Wei and Jin Dynasties, put forward a correct method to calculate pi by using limit theory. Zu Chongzhi in the Southern Dynasties accurately calculated pi between 3.1415926 and 301415927, which was nearly a thousand years earlier than that of foreign countries.

18. The longest and earliest canal

From 605 to 610, Emperor Yangdi dug the Grand Canal with Luoyang as the center, connecting Zhuojun (now Beijing) in the north and Yuhang (now Hangzhou) in the south, which is the earliest and longest Grand Canal in the world.

19. The largest seagoing ship

During the Sui and Tang Dynasties, China was able to build the largest seagoing ship in the world at that time. When passing through the Persian Gulf, it had to change boats, so it was known as the "overlord of the sea".

20. The earliest bank

During the Sui and Tang Dynasties, the counters specialized in the deposit and lending of money, which was the earliest prototype of banks in China, six or seven hundred years earlier than the financial institutions in Europe.

21, the earliest invention of printing

When Emperor Wen of the Sui Dynasty was in the reign of Emperor Wen, he "abandoned the image and left the classics, and ordered them to be carved, which was the beginning of printing books". During the Sui and Tang Dynasties, there were carved Buddhist calendars and books. The Diamond Sutra, which was printed in 868 in the Tang Dynasty, is the earliest block printing with exact date in the world. In the middle of the 11th century, Bi Sheng, a commoner in the Northern Song Dynasty, invented movable type printing, more than four centuries before Europeans.

22, the earliest invention of gunpowder and its application in the military.

In the books of the mid-Tang dynasty, the formula of gunpowder has been made. At the end of the Tang Dynasty, gunpowder began to be used in the military, and the rocket was the earliest gunpowder weapon. In the Southern Song Dynasty, the tubular firearm "musket" was invented, which was the earliest primitive rifle in the world and created a new stage in the history of human warfare.

23, the earliest measurement of meridian length and the earliest discovery of star movement.

An outstanding astronomer in the Tang Dynasty, Monk and his party, were the founders of measuring the meridian length of the earth by scientific methods in the world, about 90 years earlier than foreign countries. Monks and his party also created a zodiac travel instrument to observe the position and movement of the sun, moon and five stars. Through observation, a line found the phenomenon of star position movement. This is nearly a thousand years before the British astronomer Harley put forward the idea of stars’ self-motion in 1718.

24, the earliest pharmacopoeia issued by the state.

Tang Materia Medica, edited by Tang Gaozong, is the earliest pharmacopoeia in the world and issued by the state.

25. The oldest ancient arch bridge

Zhao Zhouqiao designed and built by Li Chun, a craftsman of Sui Dynasty, is the oldest stone arch bridge in the world.

26. The biggest art treasure house

Dunhuang Mogao Grottoes is one of the largest art treasures in the world, with more than 1000 caves, in which statues of Buddha with different expressions are shaped and murals with golden walls are painted. Among them, caves in the Sui and Tang Dynasties accounted for 67/10.

27. The compass was first invented and applied to navigation.

During the Warring States period, people used the characteristics of magnet guide ratio to make a guide tool-Sina. After constant transformation, Sina made a compass in the Song Dynasty, and it was first used in navigation. Compass has been widely used in navigation traffic in Song Dynasty.

In the 13th century, the compass was introduced to Arab and European countries. Compass is used in navigation, which has greatly promoted the exchange and development of world economy and culture. At the same time, it also provided important conditions for European navigation to discover America and realize global navigation.

28. Determine the annual cycle at the earliest.

Guo Shoujing was an outstanding astronomer in the Yuan Dynasty. He presided over the compilation of the Chronology Calendar. The period of one year was basically the same as the current Gregorian calendar, but the current Gregorian calendar was 300 years earlier.

29. The earliest ocean voyage

From 1405 to 1433, Zheng He made seven voyages, visited more than 30 countries and regions in Asia and Africa, and reached the Red Sea coast and the east coast of Africa as far as possible. Its scale, duration and voyage are unprecedented in the history of world navigation. He was more than half a century earlier than the ocean voyage of European navigators.

30. The earliest description of limestone dissolution landform.

In Xu Xiake’s Travels, a geographer of Ming Dynasty, the observation and description of limestone dissolution landform was about two centuries earlier than that in Europe.

31, the earliest discussion of beriberi.

Sun Simiao, a medical doctor in the Tang Dynasty, recorded in Qian Jin Fang that almond, Evodia rutaecarpa, Sichuan pepper and chaff containing a large amount of vitamin B could be used to treat and prevent beriberi, which was very advanced at that time. It is almost a thousand years earlier than the first discussion of beriberi in Europe.

32. The earliest use of paper money

"Jiaozi" was created in the Northern Song Dynasty, which was the beginning of the use of paper money in China and the earliest paper money in the world.

33, the earliest discovery of geomagnetic declination

Shen Kuo, a scientist in the Northern Song Dynasty, discovered the phenomenon that the magnetic needle points due south and slightly east, which is the earliest record of geomagnetic declination, more than 400 years earlier than that in Europe.

Original title: Culture | The 33 greatest inventions in the world in ancient China are amazing!

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In order to strengthen the supervision and management of medical device recall and effectively promote the implementation of the main responsibility of enterprise recall, according to the Regulations on the Supervision and Administration of Medical Devices (hereinafter referred to as the Regulations), the State Food and Drug Administration has formulated and promulgated the Measures for the Administration of Medical Device Recall (hereinafter referred to as the Measures). The Measures will be implemented on May 1, 2017, and the relevant contents are now interpreted as follows:

I. Why should the Measures be revised?

As a special commodity, medical devices play an important and irreplaceable role in improving people’s health and quality of life. The safety and effectiveness of medical devices is directly related to people’s health and social harmony and stability, and is a major livelihood and public safety issue. If the listed products are defective and cannot be recalled and controlled in time, it may endanger the health and safety of consumers. Therefore, the establishment and implementation of the recall system of medical device products by the state plays an important role in controlling the risks of defective medical device products after listing, eliminating potential safety hazards of devices and protecting public safety. The practice in other countries and other fields also shows that the recall system is a powerful guarantee to safeguard the safety and rights of consumers. Based on the importance of the medical device recall system, in order to strengthen the supervision and management of the recall-related work, in 2011, the Ministry of Health of the People’s Republic of China issued the Administrative Measures for Medical Device Recall (Trial) (Order No.82), which came into effect on July 1, 2011. The publication and implementation of the "Measures (for Trial Implementation)" provides legal guarantee for timely controlling the risks of medical devices after listing and protecting the safety of public equipment. The implementation of medical device recall system is not only an effective method to control the risk of medical devices, promote the progress of production technology and improve product design, but also an important measure to promote production enterprises to improve product quality awareness and standardize market competition order.

The newly revised Regulations in 2014 included the recall system, which also became a highlight of the new version of the Regulations. In order to further strengthen the management of medical device recall, according to the requirements of the Regulations, on the basis of full investigation of recall systems at home and abroad in the early stage, combined with China’s national conditions and practice, and after soliciting opinions from all parties, the "Measures (Trial)" version was repeatedly discussed and revised, and the "Measures" was revised.

2. What are the main contents stipulated in the Measures?

(1) What is the definition of medical device recall?

The recall of medical devices mentioned in the Measures refers to the actions taken by medical device manufacturers to deal with the defective medical device products of a certain category, model or batch that they have sold on the market according to the prescribed procedures, such as warning, inspection, repair, re-labeling, modification and improvement of instructions, software update, replacement, recovery and destruction.

(2) What are the recall obligations of medical device manufacturers?

Medical device manufacturers are responsible for the quality and safety of their medical devices. We should establish and improve the management system of medical device recall in accordance with the provisions of the Measures, collect information related to the safety of medical devices, investigate and evaluate possible defective products, and recall defective products in time.

The agent designated by the overseas manufacturer of imported medical devices in China shall report the relevant information about the recall of medical devices only abroad to china food and drug administration in time; Where the recall is carried out in China, the designated agent in China shall organize the implementation in accordance with the provisions of the Measures.

(3) What are the recall obligations of medical device enterprises and users?

Medical device enterprises and users shall actively assist medical device manufacturers to investigate and evaluate defective products, actively cooperate with the manufacturers to fulfill the recall obligations, timely convey and feedback the recall information of medical devices according to the recall plan, and control and recover the defective products.

(4) What are the categories of medical device recalls?

According to the different starting conditions of medical device recall, medical device recall can be divided into active recall and ordered recall.

Voluntary recall is a legal obligation of medical device manufacturers to evaluate the quality of medical device products according to relevant requirements or information such as product adverse events, and to determine the defects of medical device products, which are voluntarily implemented by the manufacturers. Ordered recall refers to the recall of medical devices by the food and drug supervision and administration department after investigation and evaluation, which believes that medical device manufacturers should recall defective medical device products without taking the initiative to recall them. In practice, enterprises should take the initiative to recall, supplemented by government departments ordering recalls.

(5) What are the levels of medical device recall?

According to the severity of medical device defects, medical device recalls are divided into:

(1) First-class recall: the use of the medical device may or has caused serious health hazards;

(2) Secondary recall: the use of the medical device may or has caused temporary or reversible health hazards;

(3) Three-level recall: it is less likely that the medical device will cause harm, but it still needs to be recalled.

Medical device manufacturers should determine the recall level according to the specific situation and scientifically design the recall plan and organize its implementation according to the recall level and the sales and use of medical devices.

If a medical device manufacturer makes a decision on medical device recall, the first-level recall shall be within 1 day, the second-level recall shall be within 3 days, and the third-level recall shall be within 7 days, and the relevant medical device business enterprises, users or users shall be notified.

The recall notice shall at least include the following contents:

(1) Recall the basic information such as the name and batch number of medical devices;

(2) the reasons for the recall;

(3) requirements for recall, such as immediately suspending the sale and use of the product, forwarding the recall notice to relevant operating enterprises or users, etc.;

(four) the way to deal with the recalled medical devices.

(six) how to punish medical device manufacturers for refusing to recall medical devices?

Medical device manufacturing enterprises, in violation of the provisions of Article 24 of the Measures, refuse to recall medical devices. According to the provisions of Article 66 of the Regulations, the food and drug supervision and administration department of the people’s government at or above the county level shall order them to make corrections and confiscate the medical devices illegally produced, operated or used; If the value of medical devices illegally produced, operated or used is less than 10,000 yuan, a fine ranging from 20,000 yuan to 50,000 yuan shall be imposed; If the value of the goods is more than 10,000 yuan, a fine of more than 5 times and less than 10 times the value of the goods shall be imposed; If the circumstances are serious, it shall be ordered to stop production and business until the original issuing department revokes the registration certificate, production license and business license of medical devices.

(seven) how to punish the medical device operating enterprises and users who refuse to cooperate with the medical device manufacturing enterprises to fulfill the recall responsibility?

Medical device enterprises and users who refuse to cooperate with the investigation of medical device defects or assist medical device manufacturers in recalling medical devices shall be given a warning and ordered to make corrections within a time limit; Those who refuse to make corrections within the time limit shall be fined up to 30,000 yuan.

3. What are the amendments to the Measures?

The Measures include six chapters and thirty-seven articles, including general principles, investigation and evaluation of medical device defects, voluntary recall, ordered recall, legal liability and supplementary provisions. The revision of the Measures retains the framework and main contents of the Measures (for Trial Implementation). According to the Regulations, the scope of recall and individual operating procedures are supplemented and adjusted, the main responsibility and legal responsibility of production enterprises are strengthened, and the punishment for violations of laws and regulations is intensified. The main amendments include:

(a) the implementation of the main responsibility of medical device recall. It is clear that the registrants or filers of domestic medical device products and the agents designated by overseas manufacturers of imported medical devices in China are the main bodies of medical device recall.

(2) The scope of application has been clarified. The Measures (for Trial Implementation) stipulates that "these Measures shall apply to the recall of medical devices sold in People’s Republic of China (PRC) and their supervision and management", and the Measures shall be amended as "the recall of listed medical devices in People’s Republic of China (PRC) and its supervision and management", which clarifies that all medical device products registered in China shall be implemented or reported in accordance with the requirements of these Measures.

(3) Adjusting the scope of defective products. The Measures (Trial) stipulates that "the recall of medical devices mentioned in these Measures refers to the behavior of medical device manufacturers to eliminate defects by warning, inspecting, repairing, relabeling, modifying and perfecting the instructions, upgrading the software, replacing, recalling and destroying a certain category, model or batch of products that have been sold in the market according to the prescribed procedures", "The defects mentioned in these Measures", It means that medical devices have unreasonable risks that may endanger human health and life safety under normal use, that is, the scope of recall is medical devices that have unreasonable risks that may endanger human health and life safety under normal use. According to the newly revised Regulations, the Measures expand the scope of defective products to "(1) products with unreasonable risks that may endanger human health and life safety under normal use; (two) products that do not meet the mandatory standards and the technical requirements of registered or filed products; (three) products that do not meet the relevant provisions of the quality management of medical device production and circulation, which may lead to unreasonable risks; (4) Other products that need to be recalled ".

(4) The content of defect assessment has been added. In response to the revision to expand the scope of defective products, the item "Does the product meet the mandatory standards, registered or filed product technical requirements" has been added in the main content of evaluating the defects of medical devices.

(5) The regulatory authorities that supervise the destruction of recalled products have been adjusted. The "Measures (Trial)" stipulates that "if it needs to be destroyed, it shall be destroyed under the supervision of the drug supervision and administration department at the place of destruction". But in practice, this method is not conducive to practical operation. At the same time, with the rapid development of information technology, the diversification of supervision methods is the general trend. Therefore, the "Measures" were amended as "Those that need to be destroyed shall be destroyed under the supervision of the food and drug supervision and administration department."

(6) Adjusted the requirements for notification of recall information. The "Measures (Trial)" stipulates that "the drug supervision and administration department shall review the report within 10 days from the date of receiving the summary report and evaluate the recall effect. The conclusion of the review and evaluation shall be notified to the medical device manufacturer in written form and copied to the health administrative department at the same level ". In practice, it is difficult to inform medical device manufacturers and health administrative departments at the same level in written form of review and evaluation conclusions. Therefore, the "Measures" cancel the requirement of notifying production enterprises in written form, and change the information notification to the health administrative department to "notify relevant information to the health administrative department at the same level when necessary".

[trend of individual stocks]

6 September to 9 September

Last week, the S&P 500 rose 3.65%, the Nasdaq Composite Index rose 4.14% and the Dow Jones Industrial Average rose 2.66%.

Tesla’s US stocks rose 10.91% last week.Last week, the total turnover was 60.781 billion US dollars. As of last week’s close, the stock price of US stocks was 29.968 US dollars, with a market value of 243.944 billion US dollars. The cumulative monthly increase of US share capital is 8.73%, the cumulative decline this year is 71.64%, and the cumulative decline in the past 52 weeks is 59.3%.

[Company comparison]

[Related News]

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[US stock rating]

On September 6th, Wolfe Research rated Tesla as a outperformer with a target price of $360.00.

This article comes from the theme of Hong Kong-US Datalink. Click to read more about Hong Kong-US companies > > >

() The operating comments of the Board of Directors in 2023 are as follows:

　　I. Discussion and analysis of business conditions

　　In 2023, all the ship and shore employees of the company closely focused on the working idea of "practicing the blueprint goal with value creation, taking the road of reform with integrity and innovation, setting sail again for a new journey and making contributions for 40 years" determined at the beginning of the year, and made overall plans to promote business management and safety production. In 2023, the company completed a container transportation volume of 2,134,500 TEUs, with an annual operating income of 5,266,128,800 yuan and a net profit of 742,544,400 yuan.

　　(A) with precision and efficiency as the core, to promote the construction of key projects.

　　First, the reform project landed smoothly. In the context of the implementation of the comprehensive registration system, the company officially landed on the main board of the Shanghai Stock Exchange on December 5, which made another important milestone in the company’s development. Second, digital intelligence shipping was effectively promoted. The company and Shanghai Ship Research and Design Institute successfully held the signing ceremony of 12 intelligent ship construction projects, which became a powerful starting point to enhance the company’s ship management level. With the help of intelligent management and control system, a good situation of ship-shore linkage and information sharing was formed. The third is the orderly implementation of capacity renewal. The first ship of four 1,900TEU Bangkok-type ships ordered by the company was successfully named and delivered, and successfully made its maiden voyage in Shanghai Port on October 12th. This ship was put into operation on Southeast Asian routes, which not only enriched the company’s capacity structure and scale, but also provided capacity guarantee for building quality services on Southeast Asian routes. By the end of the reporting period, the company had operated 48 ships, including 24 self-owned ships and 24 chartered ships, with a total capacity of 45,100 TEU. According to the data of international authoritative research institute Aphainer, the total capacity of the company ranks 7th in Chinese mainland container liner company and 34th in the world container liner company. During the year, the construction of 10,000TEU new containers was completed, and the service capacity of the company’s overall container team was improved. The fourth is to set up a network to advance in depth. The company continues to improve its overseas network setting and accelerate the pace of "going out" development. During the reporting period, the company set up a new self-operated outlet in Japan to further consolidate the service guarantee and market collection function for superior routes; In line with the layout of Southeast Asian routes,Self-operated outlets in Thailand and Vietnam have been set up successively, which not only extends the service tentacles, but also penetrates the concept of quality service into the Southeast Asian market. At the same time, with the help of the existing Manqiang shipping platform, the company has increased its self-operated function as an agent. By the end of the reporting period, the company has set up 14 domestic outlets including Shanghai, Qingdao, Dalian and Xiamen, and 13 overseas sales and service outlets involving Hong Kong, China, Taiwan, China, Japan and Viet Nam.

　　(B) to activate kinetic energy as the goal, and strive to improve the ability of operating efficiency.

　　First, the traditional route is stable and efficient. In terms of routes in Northeast Asia, the overall export quasi-shift rate of China-Japan routes maintained a leading position in the market, and the service capacity of boutique routes was further stabilized. In addition, the company officially launched the HDS(HotDeiveryService) fast delivery service in Dalian Port to meet the high-end service demand in the northern market, and the differentiated service capability was further highlighted. In terms of cross-strait routes, the company maintains a stable market share by adopting active market strategies; Through route optimization, the port services of Ningbo and Lianyungang ports have been increased. In 2023, the market share of the company’s Shanghai-Japan line market and cross-strait routes in Shanghai continued to be the first in the market. Second, the route expansion has progressed steadily. On the one hand, the company has opened up the South Korea-Indonesia route, simultaneously planned the extension of the boutique route structure, and jointly established the Haiphong Silk Road Express with Shanghai Port and trunk shipping company, and the products of this route won the award of "TOP30 Innovation Case of Port and Shipping Logistics Industry in 2023"; The company also launched Thai-Vietnamese Silk Road Express and added Cambodian port service to further deepen the influence of the company’s brand building in Southeast Asia and its customer service capabilities. The company’s two "Belt and Road" routes, Haiphong Silk Road Express and Taiyue Silk Road Express, have become the named routes of "Silk Road Shipping". On the other hand, the company has made great efforts to expand the Southeast Asian market, seek business innovation, and strive to tap the potential in special boxes and transit boxes, and achieved good results. The third is the extension of shipping logistics services, and the whole chain guarantees the main business operation. The company continues to develop products and promote business around water, iron and public logistics.Transport services such as rail transit and water transit have been steadily advanced. In terms of whole-process logistics, through the integrated utilization and optimized allocation of various resources in the shipping industry chain, relying on multi-platform and multi-type intermodal transport resources, the company strives to smooth the efficient connection of logistics transshipment modes, while providing supporting services for the main business sector, it promotes the steady increase of logistics extension containers, and further strengthens the company’s end-to-end logistics transportation capacity.

　　(3) With the aim of low-carbon and environmental protection, thoroughly implement the concept of green ships.

　　Combined with the monitoring and management of IMODCS energy consumption data and the coming into force of EEXI/CII Convention, we continued to do a good job in monitoring the carbon emission intensity (CII) of ships, and cooperated with Shanghai Ship Research and Design Institute to build a monitoring and early warning platform for CII of ships, which achieved good results. The new 1,900TEU series ships are equipped with shore power facilities and intelligent ship systems, which have been optimized and upgraded in terms of environmental protection, safe operation and intelligent management and control. The new ships delivered have obtained the i-SHIP intelligent ship logo issued by China Classification Society and obtained a high CII rating.

　　(D) Take risk management and control as the essence, and comprehensively build a risk management system.

　　Continue to carry out the economic responsibility audit of leaders of member units at home and abroad; Start the special inspection of the company’s related transactions, large capital transactions and other important matters for the first time; Carry out special risk assessment to achieve zero risk declaration; Follow up the risk prevention and control of major projects, important businesses and key nodes; Pay attention to the accounts receivable of enterprises.

　　(E) Building a harmonious home culture and promoting the high-quality development of enterprises.

　　First, in the process of deepening enterprise reform and development, we will unswervingly fulfill the political, economic and social responsibilities of state-owned enterprises, stimulate the pride of employees, and cultivate their spirit. The second is to strictly control the selection and employment of people politically and honestly, consolidate the construction of talent team, and help the company to draw a new chapter and develop with high quality. Hierarchical and echelon talent team construction has entered the specific implementation stage, relying on the talent training plan to carry out attachment training. Simultaneously improve the talent evaluation mechanism and strengthen the incentive and restraint mechanism. The third is to unite the strength of forging ahead and build a harmonious home. Insist on safeguarding the rights and interests of workers, win their trust, unite their strength, take the initiative to listen to their voices, focus on solving the practical problems that the workers are most concerned about, the most direct and the most realistic, and enhance their happiness.

　　Ii. the industry in which the company is located during the reporting period.

　　(A) the international container shipping market

　　From the performance of the whole year of 2023, the demand growth of the international container shipping market is relatively weak. According to Carksons data, it is expected to increase by 0.4% year-on-year. However, the growth rate of the international container fleet continues to be high, and it is expected to increase by 8.2% year-on-year. The effective transportation capacity of different routes has shown a rapid increase. Affected by this, the average export container comprehensive freight index (CCFI) of China decreased by 66.4% year-on-year. Affected by the Panama Canal congestion and the Red Sea crisis, the container shipping freight rebounded slightly at the end of the year.

　　In recent years, the international container shipping market has developed rapidly as a whole. According to Carksons data, from 2002 to 2023, the total freight volume of international container shipping increased from 73.43 million TEU to 201.05 million TEU, with a compound annual growth rate of 4.91%. In 2023, the freight volume of the East-West route, the North-South route and the Asian route was 81.12 million TEU, 33.9 million TEU and 62.04 million TEU respectively, accounting for 40.35%, 16.86% and 30.86% of the total freight volume in the world respectively. In terms of freight volume growth, from 2002 to 2023, the annual growth rates of freight volume of east-west routes, north-south routes and Asian routes were 4.09%, 4.21% and 6.78% respectively. The intra-Asian routes are the fastest growing segments in the international container shipping market, so the proportion of freight volume is also increasing. Influenced by macro-economy, transportation cost, market supply and demand, the international container shipping price shows the characteristics of periodic fluctuation.

　　(B) The overall situation of the Asian container shipping market

　　In 2023, the Asian container shipping market is under pressure as a whole, and the market trends in different regions are slightly different. According to Carksons data, the intra-Asian container shipping trade volume decreased by 1.6% year-on-year. The pattern of container shipping market in Northeast Asia is relatively stable, and the competition in container shipping market in Southeast Asia is more intense, and the freight rate is relatively volatile. Affected by the slow recovery of demand, the callback of main route capacity and the acceleration of ship turnover, the freight rate of container routes from China to Southeast Asia dropped significantly. According to the Shanghai Export Container Freight Index (SCFI), the freight index from Shanghai to Southeast Asia (Singapore) dropped by 79.23% year-on-year. At the end of the year, due to the Red Sea crisis and the congestion of the Panama Canal, the freight rates of main routes in Asia showed an upward trend.

　　Generally speaking, Asia is still the fastest growing sub-region in the international container shipping industry. From 2002 to 2023, the annual growth rate of container transportation freight volume is expected to be 6.78%, which is significantly higher than the east-west route’s 4.09%, the north-south route’s 4.21% and the world average’s 4.91%. ASEAN has become a highland for global economic growth. According to the forecast of the Asian Development Bank, the economic growth rate of Southeast Asia is expected to be 4.3% in 2023, among which Indonesia, Vietnam, Malaysia and Cambodia have performed well. With the continuous improvement of infrastructure such as ports, waterways and roads in Southeast Asia in the future, RCEP is expected to promote the overall scale growth of intra-regional trade in Asia and effectively stimulate shipping demand.

　　Iii. Business of the Company during the reporting period

　　Jinjiang Shipping is a comprehensive shipping company, mainly engaged in international and domestic maritime container transportation business, and has been deeply involved in Northeast Asia, Southeast Asia and domestic routes for many years. Adhering to the brand strategy, supported by the high accuracy rate of ships and relying on the special services such as HDS(HotDeiveryService), the company has built a number of boutique routes such as Shanghai Japan, Taicang Japan, Qingdao Japan and Dalian Japan, and realized the layout of "two centers" between China and Japan and "two-way radiation" among major ports in China and Southeast Asia. By the end of the reporting period, the company had operated 48 ships, including 24 self-owned ships and 24 chartered ships, with a total capacity of 45,100 TEU. According to the data of international authoritative research institute Aphainer, the total capacity of the company ranks 7th in Chinese mainland container liner company and 34th in the world container liner company. From 2020 to 2023, the market share of the company’s Shanghai-Japan route and Shanghai cross-strait route ranked first in the industry. On the basis of improving and strengthening the marine container transportation business, the company has thoroughly implemented the development strategy of "one main body and two wings", steadily expanded the value chain of the shipping industry, and actively built a comprehensive logistics service system to provide customers with diversified, differentiated and personalized services. The company upholds the core values of "community of honor, interests and destiny", follows the business philosophy of "customer first, honest management and excellent service", and inherits the corporate mission of "creating green shipping and enjoying convenient logistics". The company always focuses on its main business and constantly optimizes its business upgrade.Strive to seek management breakthroughs, fully develop corporate culture, continue to promote brand building, and strive to become a regional excellent shipping enterprise with container transportation as its core. The company enjoys a high reputation and influence in the industry, and has won the titles of "Shanghai Famous Trademark" and "Shanghai Famous Brand" for many years, and won many awards such as "Shanghai May 1st Labor Award" and "Safety and Integrity Company" of China Maritime Safety Administration. The company was awarded "National 5A-level Logistics Enterprise" and successively won the honors of China Freight Industry Award, Top Ten Container Liner Companies with Comprehensive Service, Best Container Liner Company with Window Service and Carrier Innovation Award.

　　Iv. analysis of core competitiveness during the reporting period

　　(A) superior location advantages

　　Headquartered in Shanghai, the company mainly arranges international routes and domestic routes around Shanghai Port, with high route density and natural geographical development advantages. Shanghai is one of the regions with the fastest economic development, the highest degree of openness and the strongest innovation ability in China, the largest economic center city in China, the core city of the Yangtze River Delta urban agglomeration and an important international financial center city. Relying on the advantages of superior geographical location, developed economic hinterland and outstanding port scale, from 2020 to 2023, Shanghai ranked third in the comprehensive strength ranking of international shipping center cities, second only to Singapore and London. In order to further enhance the energy level of Shanghai International Shipping Center, the Shanghai Municipal People’s Government has compiled the 14th Five-Year Plan for the Construction of Shanghai International Shipping Center. From 2021 to 2025, Shanghai will exert the radiation effect of the shipping industry, strengthen the global shipping resource allocation capacity, promote the high-quality integrated development of port and shipping, and comprehensively enhance the soft power of shipping development, thus creating a more internationally competitive business environment for shipping enterprises. The company will have the opportunity to enjoy more location policy dividends. At the beginning of its establishment, the company undertook the heavy responsibility of revitalizing the local state-owned shipping industry in Shanghai, and realized the gathering of local state-owned shipping resources in Shanghai through the reform of state-owned assets and state-owned enterprises.

　　(B) the advantages of focused shipping network system

　　1. Liner routes focus on core markets.

　　The company’s liner routes mainly focus on the core market, and the route network reaches the domestic coastal areas, cross-strait areas, Northeast Asia, Southeast Asia and other major Asian offshore areas, and the route network and route schedule are stable and reliable. By December 31st, 2023, the company had operated 29 routes, supported by the high accuracy rate of ships and relying on the special services such as HDS(HotDeiveryService), and built a number of excellent routes such as Shanghai Japan, Taicang Japan, Qingdao Japan and Dalian Japan, and realized the layout of "two centers" between China and Japan and "two-way radiation" among major ports in China and Southeast Asia. At the same time, the company’s Shanghai-Japan route and Shanghai cross-strait route have higher schedule density, and its market share ranks first in the industry.

　　2. Supporting service outlets provide protection.

　　The company took the development step of "going out" earlier, and with the business development, the pace of setting up network at home and abroad was further accelerated. By the end of the reporting period, the company has set up 14 domestic outlets in Shanghai, Qingdao, Dalian, Tianjin, Xiamen, Wuhan, Nantong, Taicang, Chongqing, Wenzhou, Guangzhou, Lianyungang, Ningbo and Shenzhen, and 13 outlets in Hong Kong, China, Taiwan, China, Japan, South Korea, Vietnam, Thailand, the Philippines, India, Singapore, Malaysia, Brazil, Cambodia and Indonesia.

　　3. Integrated logistics extends the service chain

　　Focusing on the main business of container transportation, the company actively expands and extends the shipping logistics service chain, builds an industrial layout in which the whole process resources and business are linked with each other, and actively responds to the strategic layout of the country for promoting multimodal transport and adjusting the transportation structure. Taking the logistics center as the platform, the company integrates the company’s multimodal transport business, gathers the resources of each module and concentrates its efforts, and has successively launched logistics projects such as sea-rail combined transport and ICT (Inland Container Hub), providing customers with diversified, personalized and efficient logistics solutions by constantly developing and updating sites; Provide customers with door-to-door logistics and transportation services, and realize the synchronous improvement of logistics box volume in the whole process.

　　(C) service innovation and brand image advantages

　　The company adheres to the development concept of "customer first, honest management and excellent service", provides personalized and customized services based on customer needs, pursues excellent service quality, and reflects its core competitiveness and brand influence with high-quality services. By building a multi-level service model of boutique routes, HDS and SuperHDS, the company focused on customers’ needs for high-quality shipping segmentation, provided efficient maritime transportation solutions, and constantly improved its service capabilities to create greater value for customers, thus enhancing its brand influence in the market. According to the differentiated needs of customers, the company provides customers with special box transportation services such as clothes hangers and freezers, as well as special goods transportation services. The related special services further enhance customer satisfaction and improve the company’s market recognition.

　　The company has won the titles of "Shanghai Famous Trademark" and "Shanghai Famous Brand" for many years, and successively won the honors of "China Freight Industry Award", "Top Ten Container Liner Companies with Comprehensive Services", "Best Container Liner Company with Window Service" and "Carrier Innovation Award" in the industry.

　　(D) Advantages of advanced digital information management system

　　The company promotes the application of intelligent ship digital operation support system (DOSS system) in existing ships and new shipbuilding, which provides strong kinetic energy for the safe and stable operation of ships and helps the route service to a higher level. At the same time, relying on the global shipping business network (GSBN) data platform, we will further promote the expansion of blockchain technology innovation application scenarios and help enterprises accelerate digital transformation. The blockchain paperless bill exchange service of electronic bills of lading can be completed by launching one-click online at multiple ports. In addition, in the application of the Internet of Things, the company further promoted the development of refrigerated containers based on the Internet of Things, and configured the intelligent monitoring terminal equipment IBOX for refrigerated containers, which realized the visualization of the whole process of refrigerated container transportation and effectively ensured the safety and controllability of cargo transportation.

　　(E) Organizational structure and advantages of human resources

　　The company is committed to the modernization of the governance system, has an organizational structure that can adapt to the company’s business planning, and can provide a strong organizational guarantee for the realization of the company’s strategic goals and sustainable development. The company has continuously optimized its organizational structure and established an efficient and intensive document center to simultaneously improve its management and control capabilities and efficiency; At the same time, the company simultaneously promoted the financial sharing center and commercial audit center, and built a standardized data platform through the sharing concept of "high efficiency, unity and compatibility" to improve management efficiency and effectiveness. By constantly optimizing the organizational structure, the company builds a crew with appropriate scale, optimized structure and excellent quality, and improves the training mechanism of business and management talents, so as to achieve the goal of improving core competitiveness through optimizing the organizational structure and human resources in different dimensions.

　　(VI) Advantages of corporate culture and business philosophy

　　The company actively practices and constantly promotes the construction of corporate culture, firmly establishes the business philosophy of "customer first, honest management and excellent service" in its work, adheres to the core values of "community of honor, interests and destiny" in practice, and inherits and carries forward the corporate culture concept with shipping characteristics in the development of corporate vision, which strives to become a regional excellent shipping enterprise with container transportation as its core. The company’s corporate culture and business philosophy provide continuous endogenous power for enterprise development. At the same time, in order to promote the high-quality and sustainable development of enterprises, the company consistently adheres to the business philosophy of green development, and takes "creating green shipping and enjoying convenient logistics" as its corporate mission, and actively practices corporate social responsibility under the current "double carbon" background.

　　V. Main operations during the reporting period

　　In 2023, the company achieved an operating income of 5,266,128,800 yuan, a year-on-year decrease of 23.01%; The net profit returned to the mother was 742,544,400 yuan, down 59.36% year-on-year, mainly due to the slowdown of global economic growth in 2023 and the changes in supply and demand in the container shipping market, which led to the decline in container transportation prices. The average value of China Export Container Freight Composite Index (CCFI), which is closely related to the company’s main business, decreased by 66.43% year-on-year. In the case of high performance base in the same period of last year, the company’s shipping business income decreased year-on-year, resulting in a decrease in the company’s current performance compared with the same period of last year.

　　VI. The Company’s Discussion and Analysis on the Company’s Future Development

　　(A) the industry pattern and trends

　　1. Green and low carbon promote the transformation of container shipping industry.

　　In order to further promote the international maritime greenhouse gas emission reduction strategy, the 80th session of the Maritime Environmental Protection Committee of the International Maritime Organization (IMO) (MEPC80) in 2023 set the latest greenhouse gas emission reduction target for ships. By 2030, the total annual greenhouse gas emissions from international shipping will be reduced by at least 20% compared with 2008, and strive to reduce by 30%; By 2040, the total annual greenhouse gas emissions from international shipping will be reduced by at least 70% compared with 2008, and efforts will be made to reduce it by 80%; Reach the peak of international greenhouse gas (GHG) emissions by sea as soon as possible, and achieve zero net emissions around 2050. From the policy point of view, IMO’s short-term emission reduction measures were formally implemented at the beginning of the year, the revision of international and regional laws and regulations was further improved, and the influence of the EU carbon emissions trading system ETS was increasingly apparent; From the market point of view, the demand for replacement of alternative fuel ships has increased, and some shipping companies at home and abroad have started the new trend of building clean fuel-powered ships such as LNG and green methanol.

　　2. Digitalization injects into the development of container shipping industry ()

　　Under the background of digital economy, satellite communication, 5G network, big data, blockchain, cloud computing, AI and other technologies and applications have accelerated their popularization, which has promoted the digital transformation and upgrading of the container shipping industry. On the one hand, in line with the trend of digitalization and intelligence in the shipping field, the traditional container shipping business is facing the accelerated integration of "offline" and "online" business and the digital upgrade of customer service; On the other hand, continuous breakthroughs have been made in smart ports, digital ports, and smart logistics, which have driven the demand for digital upgrading of the whole container process and supply chain; In addition, the exploration of digital empowerment paths such as blockchain bills of lading at the front of containers is accelerated, which provides a new direction for the future digital transformation of containers. With the development and test of unmanned autonomous intelligent ships and the continuous improvement of fully automatic shipping technology, shipping wisdom can effectively improve the energy efficiency, safety and reliability of shipping, and reduce the operating costs of enterprises while improving the systematicness, accuracy and stability of shipping company management.

　　3. High-energy port hub will provide strong support for optimizing container shipping service capacity.

　　Port is the basic and pivotal facility of container shipping industry, and it is an important link in supply chain and industrial chain. A high-energy port hub can give full play to the service and support functions of the port. China attaches great importance to the construction of high-energy ports. The Ministry of Transport pointed out in the 14th Five-Year Development Plan of Water Transport that it will focus on international hub seaports and major ports, optimize the allocation of stock resources, expand the incremental supply of high quality, build high-energy port hubs, build a world-class port group, and strengthen the functions of international hub seaports, which will effectively enhance the connectivity of international hub seaports and improve the service capacity and radiation range of the shipping logistics chain. As an important fulcrum for China to build a high-energy port hub, Shanghai Port has made great efforts to promote the construction of Yangshan Phase IV automatic terminal and the reconstruction of container terminal in Luojing Port Area. With the empowerment of intelligence and informationization, it has greatly improved the port efficiency and shortened the stay time of goods in Hong Kong, providing strong support for comprehensively improving the shipping logistics service and support capabilities. At the same time, Shanghai Port will further strengthen the innovation drive, upgrade its energy level, and strive to build a world-class hub port; Strengthen the resource allocation capacity of international shipping hubs, and provide empty container services for shipping companies and customers in the region through the Northeast Asia Empty Container Dispatching Center, effectively improving the comprehensive service level of port shipping.

　　4. Multimodal transport will further optimize the comprehensive service capacity of container shipping supply chain.

　　Multi-modal transport is a kind of goods transport service that relies on the effective connection of two or more modes of transport and provides a whole-process integrated organization. It has the characteristics of long industrial chain, high resource utilization rate and good comprehensive benefits, and is of positive significance for promoting the logistics industry to reduce costs and increase efficiency, the green and low-carbon development of transportation and improving the modern comprehensive transportation system. With the promotion of integrated planning and construction of China’s port hub, the future port, other modes of transportation and logistics stations and other infrastructure will be planned and managed in a unified way. Improve the efficiency of port multimodal transport and the comprehensive service level of shipping logistics by coordinating the functions of intermodal transport, port, bonded and logistics. At the same time, relying on the development of multimodal transport and logistics integration, we can provide customers with various logistics services such as transportation, freight forwarding, warehousing and distribution, and the trend of integrated logistics services is becoming increasingly obvious.

　　(II) Company development strategy

　　Adhering to the development vision of becoming a "regional excellent shipping enterprise with container transportation as the core", the company adheres to the differentiated development model, and on the basis of improving and strengthening the marine container transportation business, it deeply implements the development strategy of "one master and two wings", steadily expands the value chain of the shipping industry, actively builds a comprehensive logistics service system, provides customers with diversified, differentiated and personalized services, and practices "creating green shipping and enjoying convenient logistics" through a steady and sustainable business model. In the future, the company will continue to focus on key business areas and seek high-quality innovation and development on the basis of giving full play to its existing advantages. Focusing on the main shipping industry, the company will further improve the international and domestic maritime container transportation business, firmly consolidate the brand effect of the company in the field of quality shipping services, strive to expand the value creation boundary of shipping logistics services, refine and enhance the management and professional service capabilities, and steadily build a high-quality shipping highland with excellent service, excellent management and excellent benefits.

　　(3) Business plan

　　In 2024, the company will adhere to the general tone of steady progress, start a new journey and a new starting point for the development of public companies in an all-round way, deeply understand the operation trend of the shipping market and the development law of the capital market, make overall plans for the domestic and international shipping markets, and pay close attention to it; We should not only look at the overall strategic situation and firmly implement the "14th Five-Year Plan", but also devote ourselves to developing a new bureau and take various measures to foster new development momentum and promote the company to achieve high-quality sustainable development.

　　The company’s business plan for 2024: the container transportation volume is 2.42 million TEU.

　　The main work measures to be taken to achieve the above objectives are planned:

　　1. Focus on the construction of three dimensions and deepen the driving force of reform.

　　First, the business dimension. On the one hand, according to the development requirements of listed companies and the company’s "Tenth Five-Year Plan" development plan, we plan and implement the business construction and development plan, stabilize the ballast stone of Northeast Asia route operation, make good use of the booster of Southeast Asia route operation, and lay a good combination of emerging regional route operation to enhance the company’s sustainable profitability. On the other hand, in combination with the scale of funds raised, we should coordinate the basic requirements of maximizing the interests of enterprises and refining the project construction, and implement fundraising projects in an orderly manner. We should carefully prepare for the application of green, low-carbon and intelligent technologies in new shipbuilding projects, and fully combine the renewal of old ships, market conditions and business needs to start the implementation of new ships and containers and intelligent ship transformation projects. Second, the institutional dimension, we should continue to optimize the construction of internal control system; Relying on perfect system norms, we should pay close attention to the key links of standardized governance of listed companies, and focus on all-round compliance control of corporate governance, related party transactions, information disclosure and other matters. Third, the dimension of talent construction. It is necessary to organize and implement the training plan for talents with management training and hierarchical and echelon training. At the same time, it is necessary to build a wide platform, explore the learning mode of employees’ foreign exchange, and activate the endogenous motivation of enterprises.

　　2. Focus on the main business operation and make precise efforts.

　　In the aspect of traditional airline operation, we will enhance the operational advantages of differentiated airline services. Northeast Asian routes should continue to implement brand strategy and enhance differentiated service capabilities; It is necessary to deepen the "dual-brand" integrated operation measures abroad and strive to improve the quality and efficiency of operations; It is necessary to strive for international transit of goods and provide support for the full completion of the target of container volume on the route. Cross-strait routes should focus on improving the loading rate, strengthening customer visits and market development, and maintaining a stable market share and container volume.

　　In terms of new route development, it is necessary to continuously enrich the "Silk Road Series" route products, promote the full release of brand effects in Southeast Asian routes, and create a highland of operational benefits for Southeast Asian routes from point to area; Plan the joint development of many regional routes, strengthen the circular design of routes connecting the three major navigation areas of Northeast Asia, East Asia and Southeast Asia, and realize the benign situation of complementary advantages, resource sharing and multi-linkage; We will steadily explore new areas and ports, make efforts to extend the service tentacles of routes, further enrich the layout of South Asia, expand the market cargo collection sector, expand hinterland resources, and promote the continuous improvement of route operation richness.

　　In terms of the cultivation of shipping format, we should continue to deepen the operation mode of "shipping+e-commerce", accelerate the construction and improvement of e-commerce online platform, and form new kinetic energy to promote the development of airline operations; At the same time, it is necessary to plan the promotion of e-commerce and product development at all ports.

　　3. Improve shipping logistics and gather together.

　　It is necessary to give full play to the efficiency of the resource gathering platform, integrate all kinds of resource elements in the logistics sector, further extend the main service chain based on the resource advantages of coordinated development, focus on improving end-to-end service capabilities, and actively explore and create logistics extension products that are integrated and promoted by "shipping+logistics", effectively increase customer stickiness and form new competitive advantages and profit growth points. The logistics extension business should be stably exported, and the hinterland at both ends of the route at home and abroad should be further extended to ensure the positive growth of transport containers. Port agents should follow up the route expansion in time, do a good job in the layout of self-operated outlets, fully stimulate the functions of their respective outlets, further explore the market frontier, strengthen market research and information collection, and help route management and logistics product development.

　　4. Focus on safe production and release development vitality.

　　It is necessary to do targeted inspection and guidance, and constantly improve the external inspection results of ships; It is necessary to continue to strengthen on-site safety inspections during important periods and major activities, and grasp the hidden dangers and rectification; We should continue to organize the rolling internal audit and external annual audit of the comprehensive management system. It is necessary to dynamically pay attention to the navigation of ships in new routes and new areas; It is necessary to strengthen the operational skills and management level of the crew at all levels on the ship’s electromechanical equipment, and make full use of the ship management function of the intelligent ship system to empower the management level.

　　5. Focus on management improvement and strengthen comprehensive strength.

　　Financial management: we should further promote the construction of the fund management system in accordance with the overall requirements of "visibility, control, flexibility and good use". Benchmark the financial control requirements of public companies, establish and improve financial functions and post settings at all levels, and constantly consolidate key links such as financial reporting, capital operation and tax management; It is necessary to promote the comprehensive operation of the financial sharing center. Internal control and risk management: we should continue to organize various audits and do a good job in the second half of the audit rectification; It is necessary to deeply participate in the company’s key projects and key processes, and implement the ideas of compliance management and risk control throughout the business.

　　6. Enhance the vitality of corporate culture, cultivate advantages and promote development.

　　First, we will continue to build a talent platform, enhance the sense of team honor and personal belonging in various ways, and further strengthen the responsibility and sense of ownership of the employees who contribute their talents to the high-quality development of the company. Second, we will continue to promote practical projects related to employees’ physical and mental health, enrich employees’ cultural life, carry forward healthy and enterprising team spirit, continuously improve employees’ satisfaction, and promote enterprise cohesion and centripetal force.

　　(4) Possible risks

　　1. Macroeconomic fluctuation risk

　　The demand of container shipping industry and the prosperity of the industry are highly correlated with the macroeconomic cycle. The fluctuation of world macro-economy and the change of global trade demand will have an impact on the downstream customer demand of the company, and then on the company’s operating conditions. The uncertainty of macroeconomic trend brings risks to the company’s future development. If there are periodic fluctuations in the macro economy in the short term in the future, the global import and export trade demand will change adversely, which may have an adverse impact on the company’s business development.

　　2. Risks caused by market competition

　　The company’s business is mainly container shipping, and there are many enterprises in the industry, including international shipping giants, large state-owned shipping enterprise groups and other small and medium-sized shipping enterprises. The market competition is becoming increasingly fierce. Although the company has established a stable and diversified customer base based on service quality, it will still face competition from competitors in the same industry in terms of route layout, transportation capacity and freight rate, and service quality.

　　3. Periodic risks of container shipping industry

　　Container shipping industry is a typical cyclical industry, which will be affected by macroeconomic cycle and industrial economic cycle fluctuations. In the future, if the industry economic cycle shows a downward or downturn trend, it will affect the demand and price level of container logistics, and then have a negative impact on the company’s performance.

　　4. Shipping safety risks

　　During the operation of the company’s container shipping business, there may be risks of damage or loss of containers and loaded goods due to natural disasters, force majeure or human negligence. In the event of a safety accident, the company may face risks such as compensation to relevant parties and damage to transportation tools. The company has purchased corresponding property insurance for its means of transportation according to the industry practice. If the accident compensation expenditure exceeds the insurance compensation amount, it will lead to the increase of the company’s cost and affect the company’s operating performance.

This year’s May 1st movies are a bit like fairy fights, and there are many high-scoring movies. Among them, Yang Mi starred in "Nothing Can’t Be Solved in a Hot Pot". However, this film is facing the downward screening. A malicious netizen said mercilessly: Is it useless that a bad-looking movie will become better if it is rescheduled? But is this movie really that bad?

You may not know what it’s about just by looking at the name. It’s actually a suspense comedy, which is somewhat similar to a well-received movie "Make a Famous Name". It’s all a script-killing mode, and there are not many scenes (there are only two scenes in total), and there are not many characters (only five important characters, and other characters have no names or faces), but there are many reversals to catch horses.

As long as the plot is not too far-fetched, the multi-reversal movie is quite attractive and can realize the whole process without urine. "Nothing can’t be solved in a hot pot" tells the story that four netizens decided to steal the corrupt money hidden by a corrupt official at home. It seems that all four people confessed to each other before they acted, but in the end, they didn’t expect that all four people had their own secrets, and three of them were inextricably linked with this corrupt official. The more they got behind, the more unexpected they were.

From the experience of watching movies, because the film adopts a mode similar to script killing, plus a very rich reversal plot, for example, I thought I was going to make a fortune, but I didn’t expect to bring another suitcase with a person; The chicken played by Yang Mi is actually the lover of a corrupt official. There are also many exciting plots, such as doing bad things and almost being found out. Therefore, overall, it is very substitutive.

But is there really no loophole in the plot arrangement? If it was really perfect, there wouldn’t be so many bad reviews! As I said at the beginning, I may not know what this movie is talking about when I see the name. In fact, even if I look at the whole movie, there will still be a sense of disobedience that hot pot and plot are difficult to blend together. This tense plot is advancing, suddenly sitting down to eat a hot pot, which greatly affects the thinking, deliberately and abruptly.

The reversals mentioned above are the same as hot pot, which seems to be a plot designed for drama. There are too many coincidences and they appear in full swing at the end. This shock wave is so big that people think that this movie is just to catch horses. In fact, this is not a comfortable narrative way.

Having said that, the shortcomings of "Nothing can’t be solved in a hot pot" are really obvious, but the author still wants to say that the film as a whole can get an "excellent", thanks to its core theme. An excellent film can’t be separated from its plot presentation, and it can’t be separated from its "lining". What does it want to explain through this story and what the audience can easily understand?

There are not many characters in "Nothing can’t be solved in a hot pot", but they have a lot of hearts! Unlike most movies, which like to create absolutely positive characters, this movie tends to highlight the dark side of the characters. The four protagonists knew that it was not simple when they first appeared on the stage. After all, who can understand the hint of Jiubing in WeChat group?

As the plot progresses, their images become more and more three-dimensional, and everyone has their own characteristics. The chicken played by Yang Mi is very "ghost", rushing to do it for his own benefit, pushing it to others for his own disadvantage, and his force value and camouflage power are super high; The nine cakes played by Yu Qian are also quite scheming, and they are greedy and will lie. Yu Ailei plays the role of making a fortune, others want to solve it by violence if they don’t follow their own wishes, and they also love to challenge others’ bottom line; The 70,000 played by Li Jiuxiao is more simple, with no brains and a headstrong man.

Later, Director Fu, played by Tian Yu, was pure bad, greedy and unfaithful. To some extent, they are all villains. Facing the huge amount of corrupt officials, the four-person leading group stole them and planned to take them for themselves. They lied about how to divide the money. But when the relationship between these five people was clarified, when everyone’s inner mystery was uncovered, the leading group finally woke up and made the right choice.

In fact, people’s good and evil are only between thoughts. Don’t be greedy and hide evil thoughts. What is your own is your own, not your own, so you don’t have to force it. This is the truth that "Nothing can’t be solved with a hot pot" wants to make clear with a winding plot. It is simple but not superficial, but many people can’t do it, and may not agree. But after watching this movie, I have an epiphany on this matter.

Therefore, the film is wonderful and profound enough. If you don’t just stare at the reversed plot, but think deeply about the truth behind the comedy, "Nothing can’t be solved by a hot pot" will not be so unbearable.