Hong Kong Stock Morning Post | Hong Kong stock companies have launched a wave of repurchases! The current repurchase scale has exceeded that of last year

  [Last week review]

  On September 9, Hong Kong stocks ushered in a long-lost rally. As of the close, the Hang Seng Index closed up 2.69%, the Hang Seng Technology Index rose 2.6%, biomedical, housing stocks and property management stocks rose the most; southbound funds sold a net 181 million Hong Kong dollars on the day.

  () Hong Kong stocks ranked first in the southbound fund buying list, with a total net purchase of 453.50 million Hong Kong dollars; Li Auto ranked first in the southbound fund selling list, with a net sale of 196.70 million Hong Kong dollars.

  [Capital flow]

  During the year, 178 Hong Kong stock companies spent 52.30 billion Hong Kong dollars to repurchase, the scale has exceeded the whole of last year

  According to Securities Daily, the number and scale of Hong Kong stock companies repurchasing shares this year far exceeded that of the same period last year. () iFind data shows that as of September 12, 178 Hong Kong stock listed companies have implemented share repurchase during the year, an increase of 32% year-on-year; the total amount of repurchase 52.30 billion Hong Kong dollars, an increase of 136% year-on-year, an increase of 13% over last year.

  The emergence of tens of billions of "repurchase giants" is a major feature of the Hong Kong stock repurchase market this year. So far this year, Tencent Holdings and AIA have repurchased HK $15.60 billion and HK $15.10 billion respectively, while there are no HK $10 billion companies in the same period last year.

  "Hong Kong stocks have experienced several rounds of repurchase waves, all of which occurred when the market has fallen sharply and the valuation has reached a low level. As the market and valuation further decline, the repurchase intensity of listed companies will continue to strengthen," Fu Rao, executive director of the Hong Kong International New Economy Research Institute, told the Securities Daily reporter.

  According to Fu Rao’s analysis, most companies in industries such as discretionary consumption, healthcare and information technology have experienced deep stock price adjustments. Companies in these industries have strong profitability and have relatively abundant cash flow to implement repurchases. The fundamental trend is good, and it is also in line with the development direction of the new economy.

  Industry experts believe that the move to buy back shows that the relevant companies’ share prices are undervalued, sending a signal of "bottoming out" and highlighting the value of medium and long-term investment.

  "Hong Kong stocks are at the bottom of the value area, with a wave of repurchases emerging, and the market bottoming signal is prominent. Under this situation, the willingness of southbound funds to participate has increased, and the continuous net inflow of funds has increased the allocation of Hong Kong stocks, reflecting the long-term optimism about the value of Hong Kong stocks." Wang Weijia, general manager of Beijing Sunshine Tianhong Asset Management Company, analyzes this.

  [Big coffee point of view]

  The Hang Seng Index stabilized at 19,000 points, followed by a structural market

  Yan Zhaojun, an analyst at Zhongtai International Strategy, said that the mainland’s PPI and CPI are both lower than expected, and inflation will not constrain the mainland’s monetary policy for the time being. Under the disturbance of repeated domestic epidemics, fluctuations in the pace of economic recovery and external overseas tightening pressure, the Hong Kong stock market will still face upward resistance in September.

  On the other hand, including from the policy side, the better-than-expected performance of technology stocks, the resumption of repurchases of large blue-chip listed companies, and relatively low valuations, all provided downward protection for Hong Kong stocks, enabling Hong Kong stocks to adjust ahead of peripheral stock markets, buffering the impact of overseas liquidity tightening.

  [Major announcement]

  Ideal President Shen Yanan sold 1 million shares within 5 days, cashing out nearly 100 million yuan

  According to the official website of the Hong Kong Stock Exchange, Li Auto President Shen Yanan has reduced his stake in Li Auto twice this year.

  On September 2, Shen Yanan sold the ideal Hong Kong stock 400,000 shares, the average trading price was 13.2221 US dollars, the shareholding ratio was reduced from 1.74% to 1.71%, and 5.2888 million US dollars (equivalent to about 36.634 million yuan);

  On September 6, Shen Yanan sold the ideal Hong Kong stock 600,000 shares, trading at an average price of 13.125 US dollars, the shareholding ratio fell from 1.71% to 1.68%, and the cash was 7.875 million US dollars (equivalent to about 54.547 million yuan).

  Overall, within 5 days, Shen Yanan sold 1 million shares twice, cashing out 13.1638 million US dollars (equivalent to about 91.18 million yuan).

  Evergrande Group: Make every effort to promote the full resumption of work on the building before September 30

  According to Hengda Group’s official WeChat account, on September 12, Hengda Group held a weekly meeting to resume work and production and ensure the delivery of buildings.

  Xu Jiayin said at the meeting that this year, all Hengda employees started work early on the sixth day of the new year, held weekly engineering conferences, and with the help of the government, overcame many difficulties and resumed work and production with remarkable results.

  Xu Jiayin informed Evergrande of the resumption of work and production: "At present, there are 706 projects in the country, 668 projects have resumed work, and 38 projects have not resumed work. Companies in relevant regions are required to fully resume work before September 30.

  Exposure Hengchi 5 will be mass-produced on September 16 and is expected to be delivered in October

  Recently, an advertisement design for the mass production ceremony of Hengchi 5 has been circulating on the Internet. The banner states that the mass production time of Hengchi 5 is September 16.

  In this regard, Hengda Automobile has not yet responded.

  Hengchi 5, an all-electric A-class SUV, was officially launched for pre-sale on July 6 and is the most likely mass-produced model in Hengda’s plans. The car rolled off the production line at the Tianjin plant on January 12 this year, 12 days earlier than originally scheduled.

  The car was originally scheduled to be mass-produced on June 22. Just one month before the mass production time, Evergrande Automobile announced that the mass production time was adjusted to September 20 due to the pandemic. If mass production is carried out according to the time of online pictures, it will be 4 days earlier than the original time.

  Douyin’s growth has fallen into a bottleneck, and Oriental Selection has settled in Taobao.

  In addition to Douyin, Oriental Selection may open up a new battlefield in Taobao.

  A few days ago, according to the interface coverage, Oriental Selection opened two stores on Tao TV, namely "Oriental Selection" and "Oriental Selection Flagship Store". The number of fans exceeded 40,000 and 9,000 respectively.

  On September 9, Interface Education went to Dongfang Selection for verification. As of press time, the other party has not replied. Among the Dongfang Selection Taobao fan group joined by Interface Education, the live stream link provided by the customer service is still the Douyin live stream.

  [Financial data]

  1. Sunny Optical Technology: Mobile phone lens shipments 92.574 million in August, down 26.2% year-on-year.

  Dongfeng Group shares: 36,754 new energy vehicles were sold in August, an increase of 165.18% year-on-year.

  3. Anshan Financial Holdings: The estimated annual net profit is not less than HK $30 million.

  4. Guoco Group: Annual net profit fell 22% to HK $1.96 billion final interest of HK $1.5.

  5. Macau Lijun: Interim loss narrowed to about HK $485.50 million resumed trading on the 13th.

  6. TBKS HLDGS: Net profit is expected to be around RM11 million in FY2022.

  7. Yuexiu Real Estate: The contract sales amount in August is about 8.128 billion yuan.

  8. Longguang Group: The contract sales in the first 8 months are about 36.10 billion yuan.

  9. Midea Real Estate: The contract sales amount in the first 8 months is about 53.51 billion yuan.

  10. Sony Holding Group: The contract sales amount in the first 8 months is about 2.47 billion yuan.

  11. R & F Real Estate: August sales revenue of 2.47 billion yuan rose by 30%.

  12. Greenland Hong Kong: Contract sales of $10.15 billion in the first August.

  13. Yuzhou Group: achieved cumulative sales of 26.473 billion yuan in the first 8 months.

  14. China Aoyuan: 1-8 months cumulative property contract sales 17.25 billion yuan.

  15. COFCO Jiakang: 262,000 pigs were slaughtered in August.

  16. Datang New Energy: In August, the power generation capacity 1.9689 million MWh increased by 42.46% year-on-year.

  17. Xintian Green Energy:: The power generation 800,800 MWh completed in August increased by 30.9% year-on-year.

  18. Dragonair China Real Estate: Realized contract sales of 8.4003 billion yuan in the first 8 months.

  19. Silver City International Holdings: Total contract sales in the first 8 months were 8.7663 billion yuan.

  [Merger and sale]

  1. Weigao shares: It is planned to acquire 100% equity of Weigao medical materials for 288 million yuan.

  2. Parkson Group: Subsidiary plans to sell the Qingdao property for 280 million yuan.

  3. Ping An Securities Group Holdings: It is proposed to sell all the shares of Ping An Securities and Harvest Insurance Brokers.

  4. Junzhi Group: plans to acquire Jiangsu Yixing property for 43.68 million yuan.

  [Issuance of rights issues]

  1. Love Palace: The partnership managed by Zhuhai Hillhouse 225 million Hong Kong dollars to subscribe for the company’s convertible preference shares.

  2. New Yaolai: It is proposed to place about 7% of the 538 million shares at a discount to raise about HK $49.10 million.

  3. Guonong Financial Investment: It is proposed to discount about 15.97% of the maximum placement 125 million shares and raise a net 12.20 million Hong Kong dollars.

  4. Smart City Development Holdings: It is proposed to place approximately 16.67% of the 40 million shares at a discount to raise approximately HK $30.775 million.

  [Investment and Operation]

  1. Chengdu Expressway: plans to apply for class A share issuance and list on the Shanghai Stock Exchange.

  2. Caixun Media: Affiliated Xingyi Century will continue to exclusively operate all Taobao and Douyin accounts of Galaxy Stars.

  3. CSPC: "TG103 Injection" has been approved for clinical trials in the treatment of Alzheimer’s disease.

  4. CSPC: "TG103 Injection" for the treatment of non-alcoholic steatohepatitis has been approved in clinical trials.

  5 (): The new dry suspension production line of the holding subsidiary has passed the GMP compliance inspection.

  6. Silver City International Holdings: The project company has advanced the maximum amount of surplus funds of approximately 1.938 billion yuan to the non-controlling shareholders.

  7 (): Subscribe 3 billion yuan structured deposit products.

  [Repurchase and Cancellation]

  1. Tencent Holdings: On September 9, it cost 353 million Hong Kong dollars to buy back 1.15 million shares.

  2 (): On September 9, it cost 149 million Hong Kong dollars to buy back 13.1695 million shares.

  3. AIA: On September 9, it cost 178 million Hong Kong dollars to buy back 2.40 million shares.

  4. Xiaomi Group-W: On September 9, it cost 24.87 million Hong Kong dollars to buy back 2.30 million shares.

  5. Swire Pacific A: Purchased 418,500 shares at a cost of HK $2317.97 million on September 9.

  6. Mingyuanyun: On September 9, it cost 16.18 million Hong Kong dollars to buy back 2.804 million shares.

  7. Shell-W: On September 8, it cost about $7 million to buy back 1.2182 million shares.

  8. Zhongsheng Holdings: On September 9, it cost 11.7967 million Hong Kong dollars to buy back 328,000 shares.

  Standard Chartered Group: On September 8, it cost 8.806 million pounds to buy back 1.501 million shares.

  10. ASMPT: Purchased 109,000 shares at a cost of HK $6.5353 million on September 9.

  11. Health International Medical: On September 9, it cost 3.7229 million Hong Kong dollars to buy back 7.30 million shares.

  12. China Feihe: On September 9, it cost 6.0069 million Hong Kong dollars to buy back 1 million shares.

  13. China Software International: On September 9, it cost 5.9251 million Hong Kong dollars to buy back 1 million shares.

  [Equity Incentive]

  1. Love Palace: Grant 30 million bonus shares to Zhu Yufei’s contact person according to the reward agreement.

  2. Okonvision Bio-B: Grant 13.06 million share options and 10.763 million bonus shares.

  3. Cerberus International Holdings: Grant 120 million share options.

LI has gone negative again, and employees from various departments have left!

The new force of making cars-there is negative news again.

Recently, according to a number of media reports, the ideal internal multi-department employees leave their jobs, and the fuse is the discount of employee year-end awards. According to the news, "ideally, all employees’ year-end bonus in 2022 is not as good as before, and they only get half of their monthly salary, and a few get 13 salaries."

?

In fact, there have been many negative news in LI. In addition to product problems, in May last year, the company was once exposed as "breaking the contract to recruit students", and LI’s response was "business has been adjusted, providing compensation for post transfer or termination".

?

?

A star company has repeatedly stood on the cusp of public opinion in employee relations. Has the personnel department in LI noticed it?

?

In fact, the "generosity" of an enterprise is closely related to the development of the enterprise itself and the prosperity of the industry.

It is understood that in 2022, it is a year of "dim stars" for the new forces making cars. Last year, the sales KPI of "Three Musketeers" failed. Among them, LI’s sales target completion rate was 78.35%, lower than (81.6%) and higher than (48.28%).

?

Generally speaking, the end of the year is the time when car companies concentrate their firepower on sprinting KPI. Embarrassed, the year-end data shows that the sales of "Wei Xiaoli" still failed to achieve a big outbreak. If the income of car companies cannot cover the operating costs, it is more difficult to make profits.

?

At present, Weilai, Tucki and Ideality are still at a loss stage, and the key to turning losses is whether they can expand sales. The logic behind it is: sales growth-enterprise operating income increase, hedging operating costs-enterprise improving profitability.

?

From the reasons, in 2022, the sales KPI of many new car-making forces failed, which may be the result of intensified competition in the industry and the resonance of car companies themselves.

?

After entering 2023, the sales volume of the new forces of car-making has differentiated.

In January this year, LI sold 15,141 vehicles (with an average daily sales of 488.4 vehicles), up 23.4% year-on-year and down 28.69% month-on-month. It is worth mentioning that LI is the only car company with sales exceeding 10,000 and positive growth year-on-year.

?

LI has a strong sales volume. It is believed that the main extended-range electric vehicle matches the current market demand, and the second is that it has a good grasp of the market rhythm and vehicle relay.

?

Reflected in the stock price, LI rose more vigorously. Since the beginning of January this year, LI’s share price has increased by 22.94%. In the same period, Weilai Automobile and Xpeng Motors increased by 14.77% and 5.63%.

However, for investors in LI, they are not completely at ease. China, as one of the largest consumer markets of new energy vehicles, has witnessed a hundred flowers of new energy brands, and the selectivity of consumers has greatly increased. As a result, there are more and more competitors of the new car-making forces, and their "scarcity" value is also decreasing.

The report of the Association pointed out that "the growth of new energy sales has reached a bottleneck stage … (Future) sales growth will be a serious problem".

In this stock game market, LI has to face the competitive pressure from traditional automobile manufacturers.

In the future, we will continue to pay attention to how LI will expand its sales and when it will turn losses into profits.

[Look-there is a story on Friday] This is a question about choice and rights. Three women told their stories.

  July 11, 2019 is the 30th World Population Day, with the theme of "25th anniversary of the International Conference on Population and Development: accelerating the process and fulfilling the promise", which advocates making persistent efforts on the basis of the framework of the International Conference on Population and Development and raising awareness of how the choices and opportunities of girls and women have changed since the Conference.
  
  Twenty-five years ago, the Third International Conference on Population and Development was held in Cairo. More than 15,000 delegates from 182 countries and regions attended the conference. The Programme of Action adopted at the end of the conference made a commitment: "To formulate a new action agenda for empowering women to ensure their full participation in the social, economic and political life of their communities at all levels."
  
  The pursuit of rights and choices is a continuous process. Twenty-five years ago, due to the lack of contraceptives and economic and institutional obstacles, hundreds of millions of women could not enjoy the reproductive choices brought by contraceptives, and they could not choose whether to get pregnant, when to get pregnant, how often to get pregnant and who to get pregnant. Today, women’s social status has improved, and more and more women have truly realized their reproductive choices. They pay more attention to their personality independence and become an indispensable force to promote social development.
  
  "I’m glad I helped so many women."

  Tafta • Sharjah is one of the six women mentioned in the 2019 edition of the State of World Population Report. Her experience has witnessed the change of women’s rights in her country.
  
  Tafta • Sharjah is from Albania. When she was a teenager, she always wanted to go to university to study and become a doctor. However, due to various reasons, it did not happen. After graduating from high school, she attended a one-year course to train nursing midwives, which really changed her life track.
  
  After the training, Tafta was assigned to a remote village lacking medical facilities, medical personnel and medical supplies. Despite the difficult conditions, she is always full of enthusiasm for pre-natal care, delivery and baby care … … "I helped a lot of people, because many deliveries were carried out at home — — There were not so many medical centers at that time. I am very happy that I have helped so many women. "
  
  Tafta has two children. She bluntly said that if it weren’t for family economic reasons, she would have given birth to more. Later, when she was pregnant again, like the eastern European women of that era, she chose to have an abortion.
  
  The chaos in the early 1990s also had its positive side. A large number of Albanians have flooded into Italy and Greece and come into contact with new ideas and new ways of working and living. Tafta said: "We started to contact with another world and diverse perspectives. Before that, all we heard was the argument that everything outside Albania was bad."
  
  Now, life in Albania is improving, she said. She believes that her daughter and grandchildren will have more choices and opportunities. On the one hand, today’s contraceptives have been supplied free of charge on a large scale; On the other hand, her little daughter has become a police officer — — This fully reflects the changing of the old concept of gender equality.
  
  Tafta has been fighting cancer, and she is determined to watch her granddaughter grow up and stick to it. "I don’t want the tumor to take away my best things," she said. "As long as I have energy, I will try my best to help others."
  
  "In colleges and universities in China, I hope more students can participate in youth and healthy peer education."

  Young people provide endless creativity for social development, but with the early sexual maturity and the delay of marriage age, young people are facing the challenges brought by severe reproductive health problems. According to a national survey released in 2010, 22.4% of people aged 15-24 in China have had sex, and more than 20% of young women who have had premarital sex have experienced unwanted pregnancy. More than 50% of young people have unmet needs for reproductive health services to varying degrees. The reproductive health of young people is becoming one of the important factors affecting the healthy development of young people in China.
  
  Young people are more accustomed to getting knowledge about sexual and reproductive health from friends and classmates who have similar experiences and background knowledge. In mid-2004, a national youth organization — — China youth network was founded under the initiative and organization of China Family Planning Association (CFPA). It became the first youth volunteer organization in China to carry out peer education on sexual and reproductive health for young people aged 10-24 and advocate sexual and reproductive health and rights.
  
  He Shanshan, a student in Tsinghua University, is one of the core members of china youth network. She has been a volunteer for five years. When she was just a volunteer for adolescent health, He Shanshan encountered many difficulties. "Sometimes when we carry out activities at school, we will encounter situations where no one participates or the school does not support it. Some college students have misconceptions about sex and reproductive health. It is also difficult to change. I was impressed once when we talked about the specific use of condoms in a university. Some students stood up and slammed the door because they didn’t understand us. "
  
  When talking about people’s misunderstanding of sex education, He Shanshan said: "We advocate comprehensive sex education and provide suitable sex education for children of all ages from 5 to 18. For young people, not only talk about sex, but tell them how to know their bodies and deal with intimate relationships. Gender equality is equality between men and women, and men’s rights also need to be protected. We must break the stereotype of gender. "
  
  Speaking of the changes in these five years, He Shanshan said: "In the past, the content of sex education was to teach girls to say ‘ No ’ Now we are more telling girls how to protect themselves and communicate with their partners if they don’t want children or get sick. Every girl should have the right to choose the size of her family and the interval between giving birth to children, rather than becoming a fertility tool. "
  
  Last October, as a youth representative of the IPPF Asia Region, He Shanshan went to Kuala Lumpur to attend the regional council and met Joshua from Tonga, an Oceania island country. He was the representative of the last IPPF Asia Region, and He Shanshan took the baton from him. He brought good news. In June 2018, he was awarded the "Queen Young Leader Award" by Queen Elizabeth II. When Joshua was in high school, because his friends had suffered from sexually transmitted diseases, he realized that sexual and reproductive health was affecting the healthy lives of young people in Tonga, so he began to participate in the training of comprehensive sex education. Since then, he has been doing his best until he handed over the baton to He Shanshan. There are still many global youth health volunteers with similar experiences. They have been subtly influencing everyone around them with their understanding, care and sense of responsibility.
  
  "We not only represent the youth and the country, we are working hard for the whole cause, and the international environment is very friendly, which has always encouraged our young people to speak out." He Shanshan said.
  
  "Dance of Youth and Healthy Life" gathers the power of upward growth.

  Hu Lan (third from left) is at the event site.

  "How do women protect themselves in the face of partner pressure? Let me tell you a story that happened around me … …” In the auditorium of a factory in Longgang District, Shenzhen, a "Dance of Youth and Healthy Life" project is going to the "story sharing" link. The narrator of the story is Xiaoxue, a volunteer of the youth health project and a working girl who came to Shenzhen from Hunan.
  
  The lights gradually dimmed, and the crowd gradually became quiet. Everyone’s eyes were fixed on Xiaoxue. Xiaoxue’s thoughts returned to the unforgettable experience of her best girlfriend eight years ago with soft music: in her early twenties, at the best age of her life, Xiaoxue’s girlfriend suffered an unexpected pregnancy. Her so-called boyfriend chose to escape because he was at a loss. Xiaoxue accompanied her best friend to a small clinic and had an induced abortion. Less than a year later, the same situation was staged again. Because she was afraid of the eyes of the people around her, her best friend chose to go to a small clinic with poor medical and health conditions, and repeated surgical injuries caused great harm to her body and mind, which also laid a hidden danger for Xiaoxue’s best friend’s marriage and childbearing life.
  
  When the story was finished, the music stopped and the scene was quiet. Xiaoxue broke the silence: "At that time, we were very young, and no one taught us about sex. We didn’t know how to protect ourselves. The fluky psychology and partner pressure when getting along with close partners all caused great harm to many women like my best friend. After listening to the story, I believe everyone should have their own answers." This is a fragment of the "Dance of Youth and Healthy Life" project entering the factory to carry out activities.
  
  “‘ Dance of youth and healthy life ’ It is an international youth project jointly introduced to China by the China Family Planning Association and the United Nations Population Fund. It is a youth project with music and dance as the carrier, psychological model activities as the foundation, and sexual and reproductive health as the core of knowledge to guide young people to establish positive sexual concepts and attitudes towards life. " Hu Lan, the organizer of this activity, is the deputy stationmaster of Fuchengao Community Workstation in Pinghu Street, Longgang District, Shenzhen, and she is also the trainer of the international headquarters of the "Dance of Youth and Healthy Life" project. She told CCTV reporters that she is interpreting comprehensive education in a way that young people like, affecting not only women but also men.
  
  A factory doctor once took Hu Lan’s hand and said, "I really hope your activities can be carried out for a long time. There are too many female workers, and they need to strengthen their awareness of self-protection." Hu Lan said that some factory leaders hope to add the content of sex and reproductive health education to the induction training of new employees. She saw that more and more people in society realized the importance of sex education.
  
  The activities organized by Hu Lan not only entered the community factory, but also reached the middle school students. "In the past, when talking about gender topics in physical health classes in primary and secondary schools, teachers would say: ‘ Look at these two pages for yourself ’ . Now we have the opportunity to enter the school, not only to talk about knowledge points, but also to transmit an idea, which is welcomed by students. "
  
  In recent years, news such as "teenage pregnancy" and "children being sexually abused" have been exposed in the media. Parents and schools generally recognize the necessity of sex education, but there are still ambiguous attitudes about the way and degree of sex education, and even take evasive actions.
  
  At present, Hu Lan’s community still enters primary and secondary schools with short-term and decentralized themes, such as "welcoming adolescence", "preventing sexual harassment" and "staying away from AIDS", or carries out project activities in schools that are very supportive of project activities as a whole class.
  
  At the same time, Hu Lan also expressed his confusion. With the adjustment of the national population policy and the shift of the focus of local government work, the grassroots youth health education team is unstable. Many social workers can no longer engage in youth health education because of job adjustment, so they can only participate in it in their spare time.
  
  Take the area where Hu Lan is located as an example. In 2016, there were 225 young pioneers in Pinghu Street, Longgang District, Shenzhen for rotation training, and a core youth pioneer team of 30 people was formed to carry out youth health education activities in streets with a population of about 500,000. After the institutional adjustment, 80% of the staff are currently diverted to other departments. At present, only the members of the core team of the project are relatively stable, and the data is just a microcosm of the loss of local basic youth health education personnel. Although there is a constant inflow of fresh blood, the cost of time and technology has affected the development of youth health education.
  
  In sharp contrast to the sharp drop in personnel, schools, enterprises and community service centers that have conducted youth health education have a rising practical need for youth health education.
  
  As a person who has served in the front line of the community for a long time, Hu Lan and his colleagues have seen too many real cases. They carefully prepare and carry out every activity with enthusiasm and expectation. Instead of flowery words and many grand slogans, what they have is a heart full of sincerity and social responsibility. Hu Lan said that the children’s "seeking help" when they encounter troubles, the trust of community residents and the support of teachers and leaders who care about the cause of youth health education have all given them great motivation to work. "A single spark can start a prairie fire." Hu Lan said that she would like to be that little flame, hot and strong. (Text/Feng Songyi)