Science and technology morning post, Vantage shares and subsidiaries are fighting fiercely. Ren Zhengfei reiterated that Huawei does not build cars.

On the morning of March 31st, the infighting between Vantage and its subsidiary Vantage Electronics developed into a situation of mutual alarm. WU GANG, former chairman of Vantage Electronics, said,Vantage shares brought a group of people to forcibly control Vantage’s electronic security room, and verbally dismissed Ms. Qiu, Vantage’s electronic financial manager, at the scene, and the door of Vantage’s electronic reference room was violently opened. Vantage Electronics had already called the police.

Vantage shares said: the act of entering Vantage Electronics, a holding subsidiary, is in compliance with relevant laws and regulations. The company has reported to the police for the relevant personnel who illegally blocked the audit work of the joint-stock company and maliciously spread false information today. 

According to the interface news at the scene, the contradiction between the two sides comes from Vantage’s continuous reduction of orders to Vantage Electronics, which80%-85% of the revenue comes from the business of producing core components for Vantage, and in the past few years, Vantage electronic orders have dropped by about 80%. WU GANG asked to negotiate with Pan Yejiang, chairman of Vantage, but never received a reply.

On March 31, Huawei released its annual performance report for 2022 at Shenzhen Bantian Headquarters. In 2022, Huawei’s revenue in 2022 was 642.3 billion yuan, an increase of 0.9%; Basic net profit fell by 68.7% to 35.6 billion yuan; Cash flow from operating activities decreased by 70.2% to 17.8 billion yuan, and net cash decreased by 26.9% to 176.3 billion yuan.

Among the basic financial data, the biggest change is the level of net profit. In 2022, the net profit was only 35.6 billion yuan, down 68.7%, reaching an all-time low. At the same time, however, Huawei’s total R&D expenditure is 161.5 billion RMB, and its R&D expenditure rate is 25.1%, which is at an all-time high.

Huawei also disclosed the revenue of digital energy, Huawei cloud and smart car solution BU for the first time: in 2022, digital energy business revenue was 50.8 billion yuan, Huawei cloud business revenue was 45.3 billion yuan, and smart car solution BU revenue was 2.1 billion yuan.

On March 31st, it was reported in 36Kr that Ren Zhengfei, founder and CEO of Huawei, issued an internal document, reiterating that "Huawei does not build cars", and the document was valid for 5 years. The document also puts forward strict requirements for the exposure of Huawei logo in automobile design, stipulating that the words "HUAWEI/ Huawei" cannot be used in the publicity and appearance of the whole vehicle, and emphatically points out that the expressions "Huawei asks the world" and "HUAWEI AITO" cannot be used.

Huawei said that the business model of the car will not change, and Huawei is still deeply empowered.

At the beginning of this month, AITO used the brand-new slogan "HUAWEI asks the world" for the first time in the publicity of Weibo, WeChat and other platforms. Since then, almost all the AITO car bodies in HUAWEI’s offline stores have been affixed with the logo of "Huawei asks the world", and offline channels also use this as a key propaganda speech to highlight Huawei’s strong empowerment.

On March 31, the Italian Personal Data Protection Agency announced that ChatGPT, a chat robot, would be banned from now on, and that OpenAI, an American artificial intelligence company that developed this platform, would be restricted from processing Italian user information. The platform does not inform about the collection and processing of user information, and lacks the legal basis for collecting and storing a large amount of personal information. OpenAI "must inform the Italian Personal Data Protection Bureau of the measures taken by the company to implement the requirements of the protection bureau through its representatives in Europe within 20 days", otherwise it will be fined up to 20 million euros or 4% of the company’s global annual turnover.

On March 31 ST, Li Wei, vice chairman and COO, said at the forum: "Knowledge content has become the mainstream of Internet content. The two major trends of videoization and the growth of the younger generation have pushed bilibili from the animation community to a useful and interesting comprehensive video platform. " As of March this year, bilibili’s general knowledge content accounted for 41%. In the past year, in addition to the original content circle, bilibili added more than 700 new content categories.

On March 31st, Hisense Video announced that Hisense Video intends to spin off its holding subsidiary, Xinxin Micro, to the Shanghai Stock Exchange for listing in science and technology innovation board. After the completion of this spin-off, the ownership structure of Hisense Video will not change, and it will still maintain its control over Xinxin Micro. Xinxin Micro, a subsidiary of this spin-off, focuses on the research and development of display chips and AIoT intelligent control chips, and maintains a high degree of independence from other business segments of Hisense Video. This spin-off will not have a substantial impact on the continuous operation of other business segments of Hisense Video.

According to the First Financial Report, on March 31st, Skycar (Changsha) Group Co., Ltd. issued a notice saying that due to the company’s financial situation and production and sales plans, some positions of the company will be suspended from production and work as of April 1st, 2023. During the suspension of production, employee social security is still declared according to the original base. However, after the first payment cycle, the relevant employees will pay the living expenses according to the local minimum wage until the company resumes production. During this period, employees can find new employment opportunities on their own and leave their jobs voluntarily.

The first session of the 13th National People’s Congress held a press conference, and Zhang Yesui responded to hot spots.

  Source: CCTV

  Chinanews. com client March 4 th The press conference of the first session of the 13 th National People’s Congress was held on the 4 th. Zhang Yesui, spokesman of the conference, answered questions from Chinese and foreign journalists on the agenda of the conference and the work of the NPC. At the press conference, Zhang Yesui responded to hot topics such as government institutional reform, supervision law, real estate tax law, China’s defense budget, and Sino-US relations.

  [Meeting schedule: there are 10 agendas from March 5th to 20th]

  Zhang Yesui introduced that the congress will open on the morning of March 5 and close on the morning of March 20, with a duration of 15 and a half days, which is slightly longer than the first session of the 12th National People’s Congress, which is mainly determined by the agenda of the congress.

  There are ten agendas for this conference. The first to third items are to review the government work report and review the plan report and budget report. The fourth and fifth agendas are to consider the draft constitutional amendment and the draft supervision law. The sixth to eighth agendas are to review the work reports of the National People’s Congress Standing Committee (NPCSC), the Supreme People’s Court and the Supreme People’s Procuratorate. The ninth agenda is to consider the State Council’s institutional reform plan. The tenth agenda is to elect and decide on the appointment of members of state institutions.

  [Deliberating and adopting constitutional amendments is an important task of the General Assembly]

  After 14 years, the Constitution will be revised for the fifth time. Zhang Yesui said that an important task of this congress is to revise some contents of the Constitution, and to review and pass constitutional amendments.

  He pointed out that amending the Constitution is a major event in the country’s political life and a major legislative activity that concerns the overall situation. The principles of amending the Constitution this time are as follows: First, adhere to the leadership of the Party, adhere to the rule of law in Socialism with Chinese characteristics, and adhere to the correct political direction. Second, in strict accordance with the law and procedures. Third, fully carry forward democracy, build consensus extensively, and ensure that it reflects the will of the people and is supported by the people. Four, adhere to the principle of partial revision of the constitution, not major changes, so as to comply with the requirements of the development of the cause of the party and the people, and follow the law of the development of constitutional laws to ensure the continuity, stability and authority of the constitution.

  [Response "How to reform the government institutions?"

  On the question of how to reform government institutions, Zhang Yesui pointed out that this congress will listen to and consider the State Council’s institutional reform plan, and the State Council’s institutional reform plan is an important part of the party and state institutional reform plan, with the goal of building a functional system of party and state institutions with complete systems, scientific norms and efficient operation. This draft will be explained at the fourth plenary meeting on March 13th.

  [the National Supervisory Commission (NSC) is the anti-corruption work organization with China characteristics]

  Talking about the formulation of the supervision law and the establishment of the National Supervisory Commission (NSC), Zhang Yesui emphasized that the National Supervisory Commission (NSC) is an anti-corruption working institution with China characteristics. The State Supervision Commission and the Central Commission for Discipline Inspection are co-located and perform two duties of discipline inspection and supervision. The supervision law is the national legislation against corruption.

  He said that it is of great and far-reaching significance to strengthen the party’s unified leadership over anti-corruption work, build an authoritative and efficient supervision system, and promote the modernization of the national governance system and governance capacity by formulating the supervision law, implementing institutional innovation and organizational innovation, and upgrading the practices and experiences that have proved effective in practice into legal systems.

  [Talking about environmental protection: there were indeed more blue sky and white clouds in Beijing in the past year]

  Speaking of environmental protection, Zhang Yesui said that in the past year, there were indeed more blue sky and white clouds in Beijing.

  He said that in 2018, the National People’s Congress Standing Committee (NPCSC) will continue to pay close attention to the environmental protection work, formulate the law on the prevention and control of soil pollution, revise the law on the prevention and control of environmental pollution by solid waste, review the annual report on the state of the environment and the completion of environmental protection objectives, carry out law enforcement inspections on the law on the prevention and control of air pollution and the law on marine environmental protection, and strive to provide a solid legal guarantee for winning the battle against pollution.

  [Strive to complete the preparation for submitting the real estate tax legislation for deliberation as soon as possible]

  What is the progress of real estate tax law aimed at social concern? Zhang Yesui responded that speeding up the legislation of real estate tax is an important task put forward by the CPC Central Committee, which was drafted by the the National People’s Congress Standing Committee (NPCSC) Budget Working Committee and the Ministry of Finance. At present, the work of drafting and improving the draft law, demonstrating important issues and soliciting opinions internally is being accelerated, so as to complete the preparatory work for submitting it to the Standing Committee for initial consideration as soon as possible.

  He said that this year, the farmland occupation tax law, vehicle purchase tax law, resource tax law, etc. will also be formulated, and the tax collection and management law will be revised.

  [China’s moderate increase in defense investment in recent years is still lower than that of major countries in the world]

  With regard to China’s defense budget, Zhang Yesui responded that in recent years, China has moderately increased its defense investment, a considerable part of which is to make up for the lack of investment in the past, mainly for updating armed equipment, improving the living conditions of soldiers and training and living conditions of grass-roots units.

  He emphasized that China’s defense investment level is lower than that of major countries in the world, no matter from the proportion of defense budget to GDP, national fiscal expenditure or per capita. China has always adhered to the path of peaceful development and pursued a defensive national defense policy. The development of China will not pose a threat to any country.

  On Sino-US Relations: Never sit idly by and watch China’s interests get hurt.

  Talking about Sino-US relations, Zhang Yesui said that Sino-US economic and trade relations are essentially mutually beneficial and win-win. The volume of trade between the two countries can be said to be huge. Last year, the bilateral trade volume between China and the United States exceeded 580 billion US dollars, so it is not surprising that there are some frictions. China does not want to engage in a trade war with the United States, but we must not sit idly by and watch China’s interests get hurt.

  He emphasized that China and the United States have different social systems, historical cultures and stages of development. It is normal for the two sides to have different views or even differences on some issues, but these differences and differences do not necessarily lead to confrontation. The key is that both sides should treat each other’s strategic intentions objectively and accurately and grasp the development direction of bilateral relations. If policies are formulated based on wrong judgments or assumptions, it will damage the relations between the two countries and bring consequences that neither side wants to see.

  [It is not in the interest of either side to have war and chaos on the Korean Peninsula]

  Regarding the situation on the Korean Peninsula, Zhang Yesui responded that the DPRK and the United States are the main parties to the Korean Peninsula issue. If the DPRK-ROK relations and the DPRK-US relations are compared to two wheels, we hope that the DPRK-US relations will continue to turn, and we hope that the DPRK-US relations will turn as soon as possible. In other words, we hope to see the DPRK and the United States start dialogue as soon as possible.

  Zhang Yesui emphasized that both the DPRK and the United States have made some positive statements recently. China’s position on the peninsula issue is consistent and clear, that is, we insist on realizing the denuclearization of the peninsula, maintaining peace and stability on the peninsula, and solving problems through dialogue and consultation. War and chaos on the peninsula are not in the interest of either side. China will maintain close communication with relevant parties, further increase efforts to persuade peace and promote talks in accordance with the "double suspension" initiative and the idea of parallel tracks, and strive to resolve the Korean Peninsula issue through political and diplomatic means.

  [The Belt and Road Initiative is open to all interested countries]

  In response to a media question that some people think that the Belt and Road Initiative is a geostrategic tool of China, Zhang Yesui refuted this view, saying it was a misunderstanding of the Belt and Road Initiative.

  He said that the "Belt and Road" is an economic cooperation initiative that focuses on interconnection and aims at mutual benefit and win-win. It is hoped that by complementing each other’s advantages, it will create more opportunities for world economic growth and common development of all countries. The principle of "Belt and Road" is to discuss, build and share, and all participants are equal partners. The Belt and Road Initiative is an open and inclusive platform that does not exclude or target any country and is open to all interested countries.

  [Refuting "China’s export of China model is to change the international order"]

  A reporter mentioned that China has vigorously advocated building a community of human destiny in recent years, and also proposed to provide China’s plan and China’s wisdom for solving human problems. However, some critics worry that China’s China model is to change the existing international order and rules, and Zhang Yesui also refutes it.

  He stressed that China will stick to its own path, neither importing foreign models nor exporting China models, and will not ask other countries to copy China’s practices. Of course, if some countries are interested in China’s development experience and practices, we are willing to discuss and share with them, but we will never impose them on others. On the issue of international order, we are not trying to reinvent ourselves and engage in subversion and substitution, but we must persist in being the maintainer and builder of the international order. (End)

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."

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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".

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

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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%).

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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.

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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.

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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.

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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.

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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.

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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.