"Traveler" is the beginning, and it is also the catalyst to make the journey a "quick way"

"Seeing the world through travel", the second Jetway Travel+Conference was successfully held in Guiyang on March 1st. With the appearance of Jetway travelers, the "Jetway" of future travel also kicked off.

Featured Guizhou minority songs and dances as the opening, loud folk songs with unique karst landscape beauty evoke people’s endless desire for travel and exploration. For Jietu, it is both the initial intention and the mission to explore more secrets with travelers and tell good travel stories together. The 2nd Travel+Conference of Jietu Automobile not only created an IP summit of cross-border travel in the automobile industry, but also established a dedicated platform for people who love exploration and travel.

Yin Tongyue, Chairman of Chery Group

As the "top student" of Chery, Yin Tongyue, the chairman of the group, has high hopes and strict requirements for Jetway. Yin Tongyue said, "Jietu’s development path is the concentrated embodiment of Chery’s strategy, and it is the undertaker, innovator and breakthrough. It represents the Group’s determination and practice to open up users’ thinking and Internet thinking, and contributes irreplaceable" ecological power "to the Group’s development. As one of the "double mainstream" brands of Chery Group, Jietu Automobile should continue to strengthen the user’s thinking, continue to innovate in key areas such as products, marketing, ecology and services, and create an upward pyramid. " Yin Tongyue said humorously, "Even if Jietu achieved 100% growth, Li Xueyong failed." From this, we can see that Chery Group attaches great importance to Jietu brand and its core resources are tilted and empowered.

Li Xueyong, General Manager of Jietu Automobile

Li Xueyong, general manager of Jietu Automobile, said, "Travel is exploration, public welfare and culture. Jietu firmly implements the "Travel+"strategy, and has not changed its original intention along the way, constantly broadening the "Travel+"ecosystem and enriching ‘ Travel +’ Products have brought more surprises and joy to users in their travels, broadened the boundaries and horizons of Jietu, and provided more development possibilities. "Always focusing on the user experience is the cornerstone of Jetway’s development. Jetway Auto is also making continuous efforts to realize the continuous expansion of the" Travel+"strategy and consolidate the positioning of the leading brand of travel ecology.

Rich "Travel+"products with performance and soul.

Indeed, the expansion of the travel ecosystem cannot be separated from a partner who can accompany you to the end of the world. In the spotlight, Jietu Traveler shines. The name of "Traveler" was put forward by the user, and former Porsche design director Hakan Saracoglu personally operated. The overall shape of the new car is square and tough.

When the letter "JETOUR" on the internet in the air intake lights up, the overall hard-core gas field is full again. Core forces such as the design language of "Vertical and Horizontal Way", Kunpeng Power, XWD intelligent four-wheel drive, 8155 intelligent cockpit platform and other high-energy experiences empower Jietu travelers to redefine unruly and free travel life with tough posture. It is reported that Jetway Traveler will be officially listed in the third quarter, and it will provide two choices of five seats/seven seats.

The broad "travel+"ecosystem has both dreams and realities.

The brand-new Jietu travelers are eye-catching. Similarly, with the blessing of excellent quality products, the "Travel+"ecosystem will become wider and wider. At the conference, alliance partners such as Discovery and Mawei were invited to show users the yearning and scenes of beautiful travel. Wei Keran, vice president of Warner Bros. Discovery Media Group, said in his speech at the scene, "Jetway advocates defining the journey by action, which not only emphasizes the value of vehicles as a travel tool, but also highlights a spirit of immediate action and exploring the distance, which coincides with the brand concept of Discovery." At the same time, Jetway Auto and Mawei released the list of the most influential "dream-seeking travelers", and invited 5 travelers and 10 Jetway owners to convey the travel culture with their personal experiences, so that Jetway’s brand concept of "Travel+"can be more deeply and stereoscopically presented to users.

For car owners, Jetway’s "Travel Bonus" is more full of expectations, including the lowest 20% discount for 9217 hotels in the national 30+ hotel brand matrix, 50% discount for the national 5A-level scenic spots, etc. The official said that the relevant rights and interests will be officially launched in the spring equinox on March 21.

From the joint efforts to create travel routes to provide a complete travel strategy, to the release of annual travel bonus for Jetway users, Jetway’s "Travel+"travel ecology has been advanced again and again, with both the imagination of perfect travel and down-to-earth results, and Jetway has fully demonstrated its role as the leading brand of "Travel+"travel ecology.

The mountain is high and the water is long, so we can see the world together with Jietu. Jietu’s "Travel+"strategy, which is constantly cultivated and upgraded, draws a beautiful ecological circle of future travel with a larger diameter based on excellent products and user experience as the core. It is believed that after more and more eco-alliance partners join, the "Travel+"travel ecology will be more complete and have richer connotations and extensions.

The successful conclusion of the second Travel+Conference also symbolizes the beginning of Jetway’s more diversified and personalized exploration. We look forward to writing a grand chapter of "Travel+"in the new era with Jetway’s love and persistence in travel.

Text/Xi Baihui

Beijing auto show looks forward to the brand’s participation in the whole department, taking Yunnian -Z to lead the new trend of future travel.

At the Beijing Auto Show in 2024, Wangwang brand made a stunning appearance with all its products, among which the most striking thing was Wangwang U7 equipped with Yunqi -Z technology for the first time. Looking up to the brand’s participation in this exhibition not only demonstrated its strong strength in the field of new energy vehicles, but also brought a visual feast for the audience about future travel through the application of Yunqi -Z technology.

As the flagship model of Wangwang brand, Wangwang U7 has attracted the attention of many audiences with its unique dimension door family language and Interstellar headlight design. In terms of power, Wangwang U7 is equipped with a powerful power system, and its 0-100 km/h acceleration time is only 2.9 seconds, which shows Wangwang brand’s unremitting pursuit of vehicle performance.

However, the biggest highlight of U7 is not only its powerful performance, but that it is equipped with cloud -Z technology for the first time. As a revolutionary new technology developed by BYD, Yunqi -Z has realized complete electrification and adopted a highly integrated suspension motor. With the addition of this technology, looking up to U7 has reached an unprecedented height in handling and comfort.

The adjustment response speed of Yunqi -Z technology is as fast as 10 milliseconds, that is, it can complete nearly 50 adjustments in a blink of an eye, far exceeding the adjustment speed of the traditional active suspension system. This more accurate and real-time dynamic control makes the body looking up at U7 remain as stable as Mount Tai, as if suspended on the ground, which greatly improves the stability and safety of driving.

In addition, Yunqi -Z technology also has the characteristics of kinetic energy recovery. Different from the traditional hydraulic active suspension, the suspension motor used in Yunqi -Z can do work directly, and the traditional design of oil as medium is abandoned, so the energy transmission loss is smaller. At the same time, the suspension motor can realize the conversion of kinetic energy into electrical energy and charge the battery during operation, thus improving the energy utilization efficiency and extending the battery cruising range.

In addition to looking up at U7, looking up at the brand has also brought many other hot-selling models, such as looking up at U8 cross-country player version and looking up at U9. These models also show the profound strength and innovative spirit of Wangwang brand in the field of new energy vehicles. Among them, Looking Up at U8 Off-Road Player Edition has become the focus of the audience with its powerful off-road performance and unique configuration.

Generally speaking, the brand Wangwang participated in the 2024 Beijing Auto Show, which not only demonstrated its strong strength in the field of new energy vehicles, but also brought a visual feast for the audience about future travel through the application of Yunqi -Z technology. Looking up to the brand is leading the new energy automobile industry to a better future with its forward-looking technical layout and innovative spirit.

List of new E Coupe configuration parameters for Mercedes-Benz E300 quotation


[Phoenix Auto Quotes Original] The brand-new Mercedes-coupe adheres to the uncompromising design for 49 years. On the basis of inheriting the luxury design of Mercedes-Benz, it also follows the intelligent driving and technological interconnection of E-class cars, combining aesthetics and intelligence, presenting the charm of "being smart and beautiful".

Comparison table of tariff reduction:

E class coupe

E200 coupe 522,800

E200 four-wheel drive 548,800

00 598,800

E200 convertible 642,800

E200 four-wheel drive 662,800

E43AMG 918,800

E63AMG 1,668,800

Original factory price

* The brand-new Mercedes-Benz E 200 coupe is RMB 558,000.

* The brand-new Mercedes-Benz E 200 4MATIC coupe is RMB 583,000.

* The brand-new Mercedes-Benz E 300 coupe is RMB 642,000.

Imported Mercedes-Benz E-Class E200 E200 four-wheel drive E300

E Coupe is a medium-sized and large coupe under Mercedes-Benz. Its design is young and fashionable, and it is loved by young consumers. Today (June 4th), I was invited to participate in the Shenzhen-Hong Kong-Macao Auto Show, and the editor in front reported that the new generation of Mercedes-Benz E Coupe was officially launched, and three new models were launched, with the price range of 558,000-642,000 yuan. In terms of power, the new car is equipped with a 2.0T high and low power engine, and the transmission system is matched with the latest 9-speed automatic transmission of Mercedes-Benz.


The brand-new long-wheelbase E-Class car is divided into two different styling styles: sedan and sports car. We test-drive the more elegant E-Class car this time. The new long-wheelbase E-Class car continues the elegant and atmospheric design. At first glance, it won’t be too shameful to mistake it for an S-class. Compared with the standard wheelbase version, the wheelbase of the new long-wheelbase E-Class has increased by 140mm. The lengthened side is not awkward at all, but more stretched.



The new Mercedes-Benz E-Class Coupe is positioned as a coupe with a young and fashionable design, which is more in line with the aesthetics of young consumers. In detail, the front face adopts the latest family-owned star grille of Mercedes-Benz, and the decorations are chrome-plated; Headlights use full LED light source, which increases the overall sense of luxury. In addition, the new car also comes standard with a large panoramic sunroof.

In the rear part, the split LED light group is used on the rear tailgate, and the large-size LOGO is hung in the middle, which is full of symbols. In addition, the high-profile model will also be equipped with exhaust tailpipes with two sides, and the periphery will be decorated with chrome-plated decorative strips, which will increase the overall sports temperament to a greater extent.


Let’s look at the interior design, and the color and layout of the rules and regulations will fully reflect the luxurious texture of Mercedes-Benz. The buttons on the multi-function steering wheel are chrome-plated, and the large-size LCD instrument and central control panel will make drivers and passengers feel more fashionable. The design of air outlet of air conditioner breaks the traditional propeller style of Mercedes-Benz family. Foldable seats also increase the convenience of getting on and off the rear passengers.




Interior is the magic weapon of this generation of Mercedes-Benz models, and excellent design and excellent materials have formed great advantages for competitors. In the brand-new long-wheelbase E-class car, Mercedes-Benz introduced the technology of steering wheel sensing touchpad for the first time. On the steering wheel, there is a small touch pad at the position of the left thumb and the right thumb, which are used to control the left and right 12.3-inch LCD screens on the dashboard. The new car continues the design of Mercedes-Benz, and the steering wheel is also equipped with shift paddles. Located at the left rear of the steering wheel are the constant speed cruise control lever, the steering wheel adjustment lever and the turn signal lever.


The E63 S AMG is equipped with a 4.0L V8 twin-turbo engine, which can provide 612 horsepower and 850 N·m output. It is matched with a 9-speed AMG Speedshift MCT automatic manual transmission, and with a 4Matic+ four-wheel drive system, official data show that the E63 S AMG can accelerate 100 kilometers in 3.4 seconds, and the top speed is limited to the default speed of 250km/h by German car manufacturers. After the electronic speed limit is lifted, it is completely no problem to break through the 300 mark.


In terms of power, the new car will be equipped with a 2.0-liter turbocharged engine with different high and low power adjustments. The 2.0T low-power version of the engine has a maximum power of 135 kW and a peak torque of 300 Nm. The high-power version of the engine has a maximum power of 155 kW and a peak torque of 350 Nm. The transmission system will be matched with a 9-speed automatic gearbox, with an acceleration time of 5.3 seconds per 100 kilometers and a top speed of 250 kilometers per hour.

The 5th generation DM-i technology adds static experience to BYD Qin L.

  [Illustration of New Car in car home] At the 2024 Beijing Auto Show, BYD Qin L was officially unveiled, and the new car will be equipped with the fifth-generation DM-i hybrid technology, which is expected to raise the fuel consumption performance to a new height. The new car will form a two-car pattern with Qin PLUS to meet the car purchase needs of different users. Let’s learn more about the design details and space performance of this new car through the real pictures taken at the auto show!

Home of the car

● The appearance evolves again on the basis of family-style design.

  In terms of appearance, the new car adopts the design of "New Country Tide and Beauty", and the interior of the large-size front grille is decorated with lattice chrome-plated elements, which makes the visual effect fashionable and novel.

Home of the car

Home of the car

  The headlight group is narrow and sharp, which is highly integrated with the luminous "dragon beard" on the top. The integrated design not only makes the dragon face more stereoscopic, but also enlarges the horizontal visual width of the front face. The headlight group uses LED light source, and the illumination is realized through lens focusing. The square lens group is simple and exquisite, which makes the headlight look bright.

Home of the car

  From the side of the car body, its waistline runs through the front fender to the back door, which makes the car body more slender. With the concave rib line under the car door, it creates a three-dimensional cutting effect and shows the sense of strength. The new car adopts a slip-back design, which not only improves the aerodynamic performance of the vehicle, but also makes it look younger and sporty.

Home of the car

  The exterior rearview mirror integrates a turn signal and a camera, and the door handle is of a traditional style. The new car supports keyless entry function, and the buttons on the door handle are used to lock/unlock the vehicle.

Home of the car

Home of the car

  The new car parking space is designed with a wide back shoulder, which not only echoes the front face, but also increases the muscular feeling of the rear. At the same time, the car uses a penetrating taillight shape, inspired by Chinese knots, full of recognition and family design.

Home of the car

Home of the car

  The rear bumper has a diffuser-like design, which further enhances the sense of movement of the rear design of the new car and should be able to win the love of many young consumers.

Home of the car

  In terms of vehicle size, (|) has a length, width and height of 4830/1900/1495mm and a wheelbase of 2790mm, respectively. In contrast, the body size of the Qin PLUS model currently on sale is 4765/1837/1495mm, and the wheelbase is 2718 mm. It can be said that Qin L is bigger than Qin PLUS as a whole.

Home of the car

  The new car uses two-color multi-spoke 18-inch wheels, which has a good visual layering. Matching with the rim is Chaoyang SU318a H/T tire with specifications of 225/50 R18 92V.

Home of the car

  From the configuration of charging interface, Qin L will support DC fast charging and AC slow charging. For plug-in hybrid vehicles, DC fast charging configuration is conducive to rapid recharge.

The new version of Huawei Cloud Stack was released heavily, empowering government and enterprises to move towards deep use of the cloud.

Today (December 22nd), Huawei Cloud Stack Strategy and New Product Launch Conference with the theme of "Deep Use of Cloud by Government and Enterprises, Release of Digital Productivity" was held online. Huawei Cloud put forward three key measures to empower government and enterprises to move towards deep use of cloud, and released a new version of Huawei Cloud Stack 8.2.

Digital pioneers accelerate towards "deep use of the cloud"

In the past few years, the penetration rate of cloud services of enterprises in China has greatly increased, and it has become an industry consensus to carry out digital transformation of the industry based on the cloud. With the gradual deepening of digital transformation, how to further play the value of cloud and empower business innovation has become a top priority. A group of digital pioneers have taken action to accelerate the move towards "deep use of the cloud" and bring a new round of digital leap.

Zhang Pingan, CEO of Huawei Cloud, said: "Deep use of cloud is bringing a new round of innovation impetus to the industry. Huawei Cloud insists on depositing the latest cloud native technology, Huawei’s own digital transformation experience and excellent practices of global partners on the cloud, which is open to all customers and available at any time. At the same time, join hands with the Legion and partners to create scenario solutions for customers and provide consulting, application integration and other services to help enterprises use the cloud in depth. "

Three major measures to boost government and enterprises to use the cloud in depth

Huawei Cloud Stack is Huawei Cloud’s cloud solution for large-scale government and enterprise customers, and it is also an important starting point for Huawei Cloud to promote the deep cloud strategy of government and enterprises. As a cloud infrastructure deployed in customers’ local data centers, Huawei Cloud Stack takes into account security compliance and continuous innovation of cloud services to create a safe, reliable and efficient hybrid cloud.

In order to help government and enterprise customers cope with the common challenges of deep use of cloud, Shang Haifeng, president of Huawei Cloud Stack, put forward three key measures around "making technology easy to use, making scenarios simple and making experiences reproducible" to help government and enterprise move from business cloud to deep use of cloud and release digital productivity.

Shang Haifeng, President of Huawei Cloud Stack

First of all, build the best digital base of the industry and make the technology easy to use. By strengthening technical adaptation, we will continue to cooperate with Huawei Cloud Stack and ICT products, recommend the best product combination for government and enterprise customers, and reduce the difficulty of selection. At the same time, continue to enhance the key capabilities of cloud native disaster tolerance, security and application modernization, so that users no longer pay attention to the underlying technology and lower the development threshold. In addition, by transforming the methodology and tools of AI development, application integration and data governance into production lines, the complex processes are standardized and visualized, and at the same time, the industry experience is transformed into API through aPaaS, which can be directly called by other industries.

Secondly, the industry scenario scheme is standardized to make the scenario simple. In view of the diverse application scenarios of government and enterprises, Huawei Cloud Stack adheres to the strategy of taking industry scenarios as the core, continuous operation and ecological two-wheel drive. Cooperate with eco-partners, make the hardware, cloud service combination, networking, configuration and application into standardized solutions, simplify the scene, and continuously precipitate the processes and tools such as migration, optimization and operation and maintenance, so as to standardize the continuous operation process.

Finally, continue to precipitate excellent practices so that experience can be replicated. Huawei has precipitated its own digital transformation experience and best practices of cloudization in various industries into professional services, so that more industries can benefit from it. At present, more than 70 professional services in 8 categories have been launched, which run through all stages of cloud construction, cloud access, cloud use and cloud management. At the same time, more than 500 high-frequency government and enterprise applications have been deposited in the Huawei Cloud Stack area of the cloud store, and an application distribution platform more suitable for government and enterprises has been continuously built.

The new version of Huawei Cloud Stack 8.2 is released: intelligent evolution, creating a new benchmark for deep cloud use.

Based on the understanding of the common needs of government and enterprises for deep cloud use, Huawei Cloud released a new version of Huawei Cloud Stack 8.2, creating a new benchmark for deep cloud use and releasing digital productivity. The new version will bring three major upgrades:

First, strengthen the base and upgrade the resilience: further enhance the ability of cloud-side collaboration, including efficient collaboration in application, data, resources, management and other dimensions to meet the requirements of flexible deployment of applications in different regions and organizational levels; Providing full-stack cloud services from IaaS and PaaS to database and AI is highly available, and the application can realize double activity in the same city and disaster tolerance in different places without modification. In terms of security, a security cloud brain +7-layer security defense line presets more than 200 types of security data and provides more than 100 security disposal plans to make 99% of security incidents closed in minutes.

Second, innovation on the cloud, intelligent upgrade: AI training, intelligent hub, industrial Internet and other capabilities have been put on the ground, helping innovation on the cloud and realizing intelligent upgrade. Through key schemes such as urban intelligent hub and Pangu mine model, intelligence is integrated into the main scene of urban governance and the main process of industrial development; At the same time, artificial experience is transformed into industry intelligence to realize scale application and continuous iterative optimization in industry scenarios.

Third, deepen the industry and upgrade the scene: continue to deepen the industry scene, release the scene schemes such as mining industry Internet, financial distributed new core, financial integration, and urban digital twin, and continue to deepen the industry and upgrade the scene.

Find technology for the industry and go deep into the scene to create value.

At present, for government affairs, finance, transportation, energy, manufacturing and other industries, Huawei Cloud Stack has released more than 30 baseline scenario solutions, continued to go deep into industry scenarios, and become a fellow traveler in the intelligent upgrade of the industry.

In the field of urban governance, Huawei Cloud Stack provides urban intelligent hub solutions, realizing intelligent perception, intelligent disposal and intelligent distribution of urban events based on AI, and improving the efficiency of urban governance. Facing the future, it will also provide urban digital twin solutions, fully empower innovations in water conservancy, environmental protection, transportation and other industries, and stimulate new vitality of the city. In Futian District, Shenzhen, manual distribution has been replaced by intelligent distribution, and the processing efficiency of each order has been accelerated from the original average of 4 minutes to 50 seconds, with an accuracy rate of over 90%.

In the field of smart mines, Huawei Cloud Stack provides industrial Internet solutions, realizes massive equipment access, and improves production efficiency through industrial big data platform fusion analysis. At the same time, through the Pangu mine model, a large number of samples and mining industry knowledge are pre-trained, and artificial experience is transformed into industry intelligence. Hongliulin Mining Industry of Shaanxi Coal Group realized the "holographic perception" of fully mechanized mining face by building the industry’s first mining industry Internet, which increased the intelligent mining rate to 97.7%, reduced the number of underground workers by 47% and improved the maintenance efficiency by 30%.

In the field of smart finance, Huawei Cloud Stack provides a new core solution for financial distribution, which helps financial customers realize the distributed transformation of core business through super-large-scale cloud native infrastructure, GaussDB distributed database, and integrated deployment of IaaS and PaaS. The new-generation distributed core system of Postal Savings Bank provides an average daily processing capacity of 2 billion transactions for more than 600 million individual customers of the whole bank, doubling the online transaction processing efficiency and increasing the batch processing efficiency by 33%.

In the field of smart finance, Huawei Cloud Stack provides financial integration and financial big data solutions. At the meeting, Hu Yuhai, vice president of Huawei Cloud Stack, and Shaanxi Finance, Hubei Finance and Jiangsu Finance jointly released the White Paper on Best Practices of Financial Digitization to jointly promote the transformation of financial digitalization.

The White Paper on Best Practices of Fiscal Digitization was released

Huawei Cloud Stack has served more than 4,800 government and enterprise customers around the world. According to relevant IDC report data, in 2022, Huawei Cloud Stack won the first place in nine areas, including infrastructure in government cloud, China, financial cloud infrastructure and government big data, and continued to lead the industry.

Facing the future, Huawei Cloud Stack will continue to build the best digital transformation base of the industry, join hands with customers to move towards deep use of the cloud, release digital productivity, and provide a steady stream of power for social and economic development.

Original title: "The new version of Huawei Cloud Stack is released heavily, empowering government and enterprises to move towards deep use of the cloud"

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Sancha capital market, Xiaomi’s optimistic smart driving company went to Hong Kong for IPO.

Author | Li Lan

Edit | Chapter Ripple

On March 30, three years ago, officer Lei announced to build a car. One hundred days later, Xiaomi led nearly 20 supply chain manufacturers such as Zongmu Technology, a smart driving solution provider.
As one of the first companies to invest and bet after Xiaomi entered the car, on March 28, 2024,On the day when Xiaomi’s first car, SU7, went public, Zongmu Technology also formally submitted a prospectus to the Hong Kong Stock Exchange, intending to list the main board.
This is the third listing of Zongmu Technology.
In January 2017, Zongmu Technology was listed on the New Third Board and delisted in December of the same year. The reason given was "needed for the adjustment of the company’s operation and development strategy".
In November 2022, Zongmu Technology science and technology innovation board’s IPO application was accepted by the Shanghai Stock Exchange, and it planned to raise 2 billion yuan, but in September 2023, it chose to withdraw its listing application in science and technology innovation board.
Now,Vertical scientific and technological choiceGive up science and technology innovation board and launch a sprint to the Hong Kong Stock Exchange.
fromAccording to the prospectus,Zongmu Technology has been more cautious in its wording this time, and put more emphasis on products. At the same time, before applying for IPO, it also carried out a series of "light" actions.
asThe "veteran" who broke into the capital market for the third time doesn’t know.Can the listing of Zongmu Technology go smoothly this time?
01
The financial report has improved, and the business is exploring.
The most eye-catching part of the prospectus is that the gross profit margin has finally turned positive.
Compared with the unprofitable situation in November 2022, Zongmu Technology has achieved a positive gross profit margin. From 2021 to 2023, Zongmu Technology’s gross profit margin was -8.9%, -3.5% and 3.5%, respectively, corresponding to a gross profit of-20.07 million yuan,-16.29 million yuan and a profit of 17.33 million yuan. Revenue has a steady growth with a compound annual growth rate of 48.7%.

Moreover, the cash flow of Zongmu Technology has also become stable. According to the prospectus, there is still a lot of room for fault tolerance. As of January 31, 2024, Zongmu Technology had 33.2 million yuan in cash assets, leaving 1.19 billion yuan in unused bank facilities.
How did Zongmu Technology achieve "rebirth"?A lot of factors benefit from the continuous growth of the market as a whole.
Before the real commercialization of L4 comes, L2+ has the widest application prospect, among which, the "integrated operation and parking" has the highest cost performance. According to the monitoring data of the Institute of Advanced Technology Intelligent Automobile, in 2023, 3,504,800 new cars with automatic parking were delivered as standard in China market (excluding import and export), up by 22.10% year-on-year.
According to the data in the prospectus, in 2022, about 20% of the ADAS solution market for passenger cars in China will be automatic parking. Among them, APA solutions account for more than 80%. Based on the corresponding income in 2022, Zongmu Technology is the second in China and the first in China respectively.
At present, most parking and parking integrated solutions in the market are actually designed and integrated based on the 1.0 architecture, which simply combines the driving SoC and the parking SoC into one box. The biggest technical moat of technology is that only a single SoC can solve the two problems of parking and parking.
Although three of the top five automatic parking APA schemes are foreign suppliers,However, domestic suppliers have the advantage of being "close to the water", which is convenient to provide personalized customized services to domestic new energy vehicle enterprises. The market share of domestic suppliers has increased from less than 5% in 2018 to 16.7% in 2022, and it is expected to exceed 25.0% in 2027..

According to the data of burning knowledge consulting, in terms of sales revenue in 2022, the ranking of the company among mainland suppliers in China is as follows: Zongmu Technology ranks fifth in the ADAS market with a market share of 1.0%; Ranked second in the automatic parking solution market, with a market share of 4.9%; Ranked first in APA parking solution market, with a market share of 5.6%.
According to the prospectus,AVP and APA platforms have been used in 28 models, and the energy service robot for intelligent mobile energy solutions is equipped with L4-level autopilot function supported by Drop’nGo platform..
From the most basic composition, the products of Zongmu Technology can be divided into two main directions:First, intelligent driving hardware and solutions, including domain controller and camera, 4D millimeter-wave radar, ultrasonic radar and other gauge sensors; Second, provide research and development services related to autonomous driving.
The hardware part is divided into three products,That is, panoramic surveillance camera, automatic parking assistance function and autonomous parking function, which respectively correspond to three scenes: car panoramic "reversing radar", automatic parking in the car and remote parking outside the car..
A domain controller is a computer that manages specific vehicle functions or fields, such as active safety, automatic driving, parking or parking. The controller of Zongmu Science and Technology Domain collects data from sensors around the vehicle (including radar, camera and ultrasonic sensor) to build a model of the surrounding environment. The software algorithm embedded in the domain controller will then determine the appropriate action of the vehicle according to the model. Moreover, Zongmu Technology has also developed a separate software algorithm, which can be delivered as a comprehensive software embedded hardware product or as an independent software product.
Finally, the computing platform of Zongmu Technology provides the basis for all function iterations, and the Drop’nGo platform supports the development of intelligent driving functions from L0 to L4.
According to the prospectus, since its launch in 2017, the Drop’nGo platform has gone through several iterations, enhancing its multi-sensor data fusion capability, improving its adaptability to weather and lighting conditions, and expanding its application scenarios from indoor to outdoor.
The third generation of Drop’nGo platform can provide L2+ comprehensive intelligent parking function on passenger cars, and further empower energy solutions with L4 automatic driving function.
The hardware that science and technology can make money has changed year by year.
In December 2022, in the prospectus of Zongmu Technology,Describing himself as "one of the few first-class suppliers in China that can provide intelligent driving systems for automobiles, including L0-L4 intelligent driving control units and intelligent sensors", the importance attached to control units has declined.
From the perspective of income structure, Zongmu Technology mainly relied on car trajectory sensors for profit last year.
At present, the domestic self-driving auto market dominated by L2+ level still needs the second-gear APA integrated parking solution. According to the prospectus, the company is in a leading position in the market of ADAS, automatic parking and APA (automatic parking assistance system) parking solutions.

From the perspective of profitability, the highest gross profit margin is the R&D services related to autonomous driving. In 2021 and 2022, the gross profit margin reached 42.7% and 50.8% respectively. However, in 2023, there was a waist cut, only 18.6%. Looking at the technology, it is pointed out that this is mainly due to the increasingly fierce market competition and the increase in project complexity, resulting in increased costs.
From the data of the prospectus alone, although Zongmu Technology does not have much exponential growth, it still has extraordinary incremental space.

Moreover, there are more choices when getting through the depth of customers. As of December, 2022, the overall customer matrix is still relatively simple. Among them, Cyrus accounts for more than 50% of the revenue, and the top five customers account for nearly 90%. By 2023, the number one customer has dropped to 43.8%, the customer diversity has increased, and the ability to resist risks has also been significantly enhanced.
Zongmu Technology is also constantly adjusting its customer service mode, and the autonomous driving R&D service has received a large order. In December 2023, it successfully obtained the Amphiman 3000 fixed-point from Changan Automobile to support its new car platform for a series of models, and it is expected to be mass-produced in 2024.

However, Zongmu Technology is still at a loss.

From 2021 to 2023, the net losses of Zongmu Technology were 434 million yuan, 588 million yuan and 564 million yuan respectively, and the adjusted net losses were 382 million yuan, 477 million yuan and 516 million yuan respectively.The total net loss for three years exceeded 1.3 billion yuan.
Of course, Zongmu Technology also has an explanation for this persistent loss.Even similar to the contents in the prospectus required for listing in science and technology innovation board in 2022, the chip is too expensive.
According to Zongmu Technology,With the overcapacity of global chips, this adverse impact on costs will be significantly reduced in the future. After all, whether it is hardware upgrade or solution iteration, the core need is computing power..
02
High-profile financing, multiple IPOs
Zongmu technology has always been highly anticipated by the capital market.
In the latest shareholding structure, Hong Kong Zongmu is the largest shareholder of the company, holding 22.17% of the shares. As a concerted action, Tang Rui and his mother Li Xiaoling control 33.3% of the shares of the company through multiple entities. In addition, Junlian Capital holds 7.55% of the shares as the second largest shareholder, while Xiaomi Group, which has received much attention, ranks the fifth largest shareholder with 4.73% of the shares.

The earliest round of financing record of Zongmu Technology occurred in 2015. In the previous year, in 2014, Mobileye, the world’s largest ADAS manufacturer, landed on the New York Stock Exchange, which means that the track of ADAS has been verified and opened a financing channel for Zongmu Technology, which is on the same track.
In June, 2021, Zongmu Technology announced the formal completion of Series D financing with a cumulative amount of $190 million.. Among them, the D3 round was led by Xiaomi Changjiang Industrial Fund, and the investors included Fosun Chuangfu, Langtai Capital, Shanghai Kechuang, Industrial Bank, strategic investors Changan Automobile and Coboda Investment.
Zongmu Technology completed 9 rounds of financing before IPO, and the accumulated subscription amount reached 2.247 billion yuan. Among them, in the E round of financing in March 2022, Zongmu Technology raised 867 million yuan at the subscription price of 93.56 yuan/share, and the company’s valuation exceeded 9 billion yuan.
However, the financing journey of Zongmu Technology is always interrupted for various reasons..
Zongmu used to be very close to listing. On January 19th, 2017, Zongmu Technology was approved to be listed on the National Small and Medium Enterprise Share Transfer System (NEEQ) with the stock code of 870816. However, "considering the business strategy and compliance cost at that time, we adjusted the future development strategy". Less than one year later, Zongmu Technology completed the termination of listing on December 11th, 2017.
The vigorous Shanghai Stock Exchange in 2022 has almost become a reality. However, in the end, due to the development strategy and other reasons, Zongmu Technology voluntarily withdrew its previous A-share listing application, and the withdrawal was officially accepted on September 27, 2023.
In the meantime,There is also news from the pulse that Zongmu Technology has a saying that the salary of fresh graduates will be reduced by 20%.

It may be that the road to listing is not smooth and the top management has fluctuated.In February 2024,CTO Wang Fan joined Beidou Zhilian, and Wang Fan was one of the four core executives of Zongmu Technology. He started to build the Beijing Autopilot R&D Center, and completed the research and development of AVP1.0 in Zongmu Technology in 2017.
Fortunately, the new employee was the original team, and he was replaced by Jiang Weiping. He joined Zongmu Technology as early as 2013, and had previously worked in CSR Semiconductor Company and NVIDIA. Later, he left Zongmu Technology due to infighting and did not return to Zongmu until the end of 2022.
03
Go to the new track
On the premise that the APA market is saturated, Zongmu Technology tries to go further to the charging robot track.
In 2023, nearly 65% of Zongmu Technology’s revenue sources are car gauge sensors. Compared with technology companies, Zongmu Technology is more like a manufacturing enterprise. This may come from another manufacturing attribute of the founder, Tang Rui, CEO, who also founded Can Cong Robot.
In the official LinkedIn,The latest position of Zongmu Technology is the on-site operation and maintenance engineer of intelligent energy storage charging robot, and some positions are in Ningbo, mainly in Shanghai.

In late January of this year, Zongmu Technology and Can Cong Science and Technology launched the charging treasure in the automatic driving field and the low-speed fully automatic driving charging robot FlashBot. According to the prospectus,The first generation of FlashBot is equipped with 104 kWh storage capacity, which is one of the robots with the highest storage capacity among all L4-class self-driving energy service robots developed in the world.
Tang Rui said, "Can Cong robots are building a highly flexible mobile energy network to promote energy trading in a larger space-time range." At the application level, the most intuitive embodiment is to save electricity and money.
In December last year, two Flashbot were put into commercial operation in Zhangjiang Park, and an average of 272 kwh of electricity was purchased from the local microgrid every day, of which 185 kwh was sold back to the microgrid, and 87.5 kwh was used to provide charging service for new energy vehicles, with an average daily cycle of 2.6 times, which brought more than 12,000 yuan in income in that month, that is, the average daily net income of each device was close to that of 200 yuan.
Before the robot officially appeared, Zongmu Technology had actually been laying out its energy business.Zongmu Technology has also designed a set of SaaS software and a DragonNet program to maintain on-site operation. If the charging robot of Zongmu Technology can be commercialized, it may make some changes in the charging pile scene.
According to the data in the prospectus, from 2021 to 2023, the sales revenue of Zongmu Technology from wireless charging equipment and accessories for new energy vehicles was 129,000 yuan, 11.357 million yuan and 437,000 yuan respectively.
In addition, as an "external charging treasure" loaded with sensors, Flashbot is also a part of the flywheel that I hope to build. The energy service robot conducts algorithm training in different driving cases, and then gives data support to the ADAS car-level hardware.
Looking at the highlights of this reorganization of business, Zongmu Technology began to break through into more subdivided markets, and may be able to complete the listing more lightly. At that time, it will be the third listed company in the Xiaomi automobile industry chain after Sagitar and Hesai.

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L3 autopilot landing, software value is about to take off? Good for building new forces!

Recently, Shenzhen announced that from August 1st, the Regulations of Shenzhen Special Economic Zone on Intelligent Networked Vehicles will be officially implemented. As the first regulation on intelligent networked vehicle management in China, Shenzhen will allow smart cars with L3 intelligent driving ability to go on the road. This breakthrough has made many people call 2022 the "first year of intelligent driving".

In the era of electric vehicles, intelligence has become the core of the competition among car companies. Whether it is intelligent hardware or system software, the whole industry has begun to embark on the road of involution. Self-parking in previous years, laser radar in 2021, 800V high-voltage platform this year, and navigation-assisted driving function have been in a state of fierce competition among car companies, especially among the new forces that build cars.

Starting from the introduction of L3 smart driving regulations in Shenzhen, China may gradually liberalize the relevant restrictions on smart driving, which is undoubtedly good news for new car companies. According to the forecast of china galaxy Securities, relevant models of Huawei and New Power are equipped with L3-class autopilot system, and the value of Weilai software will gradually increase, and the "intelligent value" of automobiles will become more prominent.

He Xiaopeng, CEO of Xpeng Motors, commented on the Regulations issued by Shenzhen, saying: This will be a landmark that is worth recording in the history of autonomous driving in China.

Among many new forces, Xpeng Motors is the best car company that does intelligent driving, including intelligent assisted driving NGP, intelligent voice in full scene and memory parking in parking lot. Tucki invests about 20% of its annual income in research and development, and its emphasis on research and development is as good as Huawei’s. Moreover, Tucki and Huawei are among the few enterprises in China that have intelligent assisted driving technology in urban road conditions. Recently, the urban NGP engineering version released by Tucki has also shown a wave of muscles in the industry. However, due to the lack of computing power of Tucki P5, the city NGP wants to play its biggest role, and it depends on the upcoming flagship SUV-Tucki G9.

Tucki G9 is not only equipped with the next-generation XPILOT 4.0 intelligent auxiliary system, but also its chip and computing power have been upgraded, and the experience of automatic driving and intelligent cockpit is more advanced. Coupled with the mass production of 800V high-voltage platform, it has a fast charging experience of 200 kilometers in 5 minutes, which is simply a benchmark model in the era of electric vehicles.

In the next few years, more advanced intelligent driving will appear on passenger cars. For new force car companies, the combination of intelligent hardware and software can further enhance the gross profit of vehicles, and the current loss situation of new forces is gradually reversing.

Yingheng Technology released its interim report for 2023, and the growth of Zhijia Networked Business exceeded expectations.

Recently, Yingheng Technology (1760.HK), a leading provider of automotive electronic solutions in China, released its interim results report for 2023. During the reporting period, it achieved operating income of 2.626 billion yuan, up 27% year-on-year, and the profit attributable to shareholders was 155 million yuan, which was basically the same as the same period of last year. Among them, the vehicle-related business continued its rapid growth momentum, with a year-on-year increase of 58.1%, leading the industry; The business performance of Zhijia Networked Network was even brighter, with a year-on-year increase of 117.6%.

Lu Yingming, Chairman, Co-CEO and Executive Director of Yingheng Technology, said: "The overall performance in the first half of this year continued to outperform the market performance. Relying on strong R&D capabilities and industrialization capabilities of new energy vehicles, the Group helps OEMs achieve cost-effective mass production solutions and promote business penetration. "

It is worth mentioning that Yingheng Technology’s gross profit margin remained at around 20% in the first half of the year, leading the industry average, and its operating profit margin was 8.1%, slightly lower than 9.5% in the same period last year. Excluding the additional investment in research and development, the company’s operating profit margin increased slightly by 0.5 percentage points compared with the same period of last year. With electrification and intelligence becoming the general trend of the global automobile industry, its complexity is getting higher and higher, and the technical advantages of Yingheng Technology in research and development are becoming more and more prominent, further consolidating its market position and increasing its market share.

Adhering to the development strategy of "light assets and heavy research and development", Yingheng Technology continued to increase investment in research and development in the first half of this year, and the proportion of research and development expenses in revenue increased to 8.9%, which was mainly used for testing and verifying equipment. By the end of the first half of 2023, the company had 1,058 full-time R&D related technicians, accounting for 70% of the total number of employees. It owns 256 patents and 207 software copyrights, increasing by 21 and 20 respectively compared with the same period of last year.

In June this year, Yingheng Technology cooperated with Horizon, a leading semiconductor company, to strengthen the development and application capabilities in autonomous driving and AI technology, established a vehicle-level autonomous driving test laboratory and an autonomous driving simulation test verification platform, and launched the first market-oriented high-grade autonomous driving domain control station solution based on Journey 5, helping the company to explore the autonomous driving market of low-priced cars.

In this regard, the management of Yingheng Technology said in a question from a reporter from the World Wide Web: "At present, the assembly rate of autonomous driving in China is not very high, and many shares are still provided by international manufacturers, which also means that the future development space of local domestic autonomous driving systems is very considerable. At present, Yingheng Technology’s self-driving products have also been supported by many customers and entered the mass production stage in the second half of this year. "

In August this year, Yingheng Technology was invited to participate in the Microelectronics Ecosphere Seminar 2023 organized by Hong Kong Science and Technology Park Corporation and Hong Kong University of Science and Technology, and exhibited the latest research and development achievements in automotive intelligence. Including MADC3.5, a cockpit integrated controller compatible with intelligent driving and cockpit functions, which is the third domain control station solution for middle and high-level automatic driving; And intelligent cockpit with time-of-flight ranging (ToF) function, which can provide a more perfect interactive experience of man-machine communication in the cabin.

It is reported that Yingheng Technology’s new R&D center in Hong Kong is located in Hong Kong Science and Technology Park, which is mainly responsible for automotive intelligent software, advanced power semiconductor applications and collaborative robot solutions. It is expected to officially operate in November this year, making good arrangements for the company’s products to enter overseas.

Huawei’s intelligent driving technology helps the industry upgrade, and smart travel leads the future.

   At the beginning of the year in 2024, the sudden "price war" triggered a hot discussion on the whole network. With the entry of new forces, joint ventures and independent car companies, the existence of "Juan Wang" level appeared in a short time, which detonated the current automobile consumption market, and some related media predicted that this "bloody" price war would last for a whole year.

  However, those who are interested may find that the price reduction tide basically revolves around fuel vehicles, and there is basically no price change for smart cars with high-level intelligent driving functions, which further confirms the high cost of intelligent driving and the future market. Recently, in March, M9 completed the OTA upgrade, taking the lead in completing the brand-new upgrade of the function of "intelligent driving without map". Under the guidance of Huawei’s technology, the intelligent driving industry in China has entered a brand-new era.

  With its strong full-stack self-developed technical strength, Huawei Smart Drive has become an "industry ceiling"

  As the world’s leading ICT giant, Huawei has rich technical accumulation in the fields of lidar, artificial intelligence and big data analysis, and with years of hard work in the field of intelligent driving, Huawei has realized the real "full stack self-research".

  Take the laser radar, the core component of intelligent driving function, as an example, the asking M9 is equipped with a 192-line laser radar newly designed by Huawei, which has a more comprehensive perception ability. In the face of complicated road conditions such as urban road conditions, township roads and high-speed, the asking M9′ s powerful perception ability can calmly cope with it, allowing users to more comprehensively grasp the environment around the car body, thus better ensuring the personal safety of car owners and passengers.

  At the same time, Huawei’s self-developed GOD 2.0 and RCR 2.0 technologies have also realized the function of "seeing the right road and understanding the road", in which GOD 2.0 makes the general obstacle recognition rate of vehicles reach 99.9%, which also provides a solid technical foundation for Huawei to realize the function of "intelligent driving without map" and makes Huawei an "industry ceiling" in the field of intelligent driving.

  Accelerate the "Science and Technology Inclusive", and Huawei will help the technology development of the industry.

  More importantly, through this OTA upgrade, all models in the world have completed the comprehensive upgrade of the "intelligent driving without map" function, which also means that ordinary users can now enjoy the intelligent driving function at a lower threshold and cost. Such "universal access to technology" is of great significance to the development of intelligent driving industry in China.

  During the period when many automobile companies are actively developing intelligent driving, most major manufacturers are aiming at "city-level" efforts, but in fact they do not have nationwide functional experience, which leads to many users finding that they are not in line with expectations after actually picking up the car, thus greatly reducing the intelligent driving experience. This time, through the OTA upgrade of asking M9, it has brought the intelligent experience of the leading generation to consumers, truly achieved national coverage, and achieved "there is a way to open", which greatly improved the intelligent experience of consumers.

  Thanks to Huawei’s technical strength, all models in the car world have opened a new era of "intelligent driving without a plan", especially the models in the car world series, and users will experience a more advanced and intelligent travel experience. From this point of view, Huawei has indeed drawn a rich and colorful stroke in the development history of the intelligent driving industry in China and has become a benchmark in the industry.

Which online celebrity cities have tasted the sweetness during the Qingming holiday? Revealing the logic behind the popularity of cultural tourism

  At 4: 00 pm on April 5, the roadside of Tianjin Fifth Avenue was filled with begonia flowers, and people were crowded under the sea of flowers. Southern reporters and tourists slowly moved their steps and enjoyed the beautiful spring scenery in a crowded way.

  Just after the Qingming small holiday, the "everyone" scene that was shoulder to shoulder not only appeared in Tianjin. Southern reporters are concerned that scenic spots all over the country have opened a hot mode in recent days. According to the statistics of the Ministry of Culture and Tourism, there were 119 million domestic tourist trips during the three days of the holiday, an increase of 11.5% compared with the same period in 2019 according to comparable caliber; Domestic tourists spent 53.95 billion yuan on travel, an increase of 12.7% over the same period in 2019. Among them, online celebrity cities like Zibo, Tianshui, Kaifeng and Harbin once again ushered in the peak of passenger flow.

  On April 6th, tourists visited Longxing Temple in Zhengding County, Shijiazhuang City, Hebei Province. During the holidays in Tomb-Sweeping Day, people leave their homes and enjoy colorful holidays. Xinhua news agency

  Zibo turned red again? Eight overall situation The market is as hot as "5A-level scenic spot"

  Fei Wang, a Beijing resident, went into Zi for a barbecue at the wrong peak during the Qingming holiday, but he didn’t expect to meet a bunch of tourists with the same idea.

  She told Southern Reporter: "Last year, when Zibo was the hottest, I didn’t find it enjoyable to eat barbecue. I thought that Zibo is not so hot now, and there are fewer people, so I will try it again. As a result, Zibo is still very hot this year. In order to have a barbecue, I queued for two hours. "

  Southern Reporter is concerned that during the Qingming holiday this year, Zibo is welcoming the tourism boom again, barbecue shops are crowded, and the "squeezing younger brother" in the eight overall markets is too busy to be soft. In this regard, Mr. Tang, a citizen of Zibo, joked: "The Eight Overall Markets used to be a farmer’s market, but now there are as many people as a 5A-level scenic spot."

  According to statistics, during the Qingming holiday, in 2024, Zibo ranked the third in the country in terms of the increase of destination heat, with a year-on-year increase of more than 200%. At the same time, Tianshui, a famous punching place in online celebrity, continues to be hot. The data shows that the number of travel orders in this area has increased by more than 21 times year-on-year; Not long ago, Kaifeng, which was famous for its "Wang Po Media", also became a popular tourist destination for this holiday. It boarded CCTV. According to the data of Kaifeng Cultural Travel, during the Qingming holiday, the booking volume of Kaifeng hotels increased by nearly 10 times year-on-year, and the booking volume of scenic spots tickets increased by more than 3 times. Harbin, which has been visited by many "southern small potatoes" this winter, is on fire again. It is reported that during the Qingming holiday, Madiel popsicles sold more than 40,000 sticks a day.

  "online celebrity City" is not a flash in the pan. During the Qingming holiday this year, it once again tasted the sweetness of traffic, which is not only reflected in the visible tourism revenue, but also in the long-term development of a city. Taking Zibo as an example, in 2023, the accumulated funds outside the province in Zibo reached 67.01 billion yuan, an increase of 8.0% year-on-year; 429 new projects with over 100 million yuan were introduced, with a year-on-year increase of 7.8%; 345 new projects with a construction cost of over 100 million yuan were started, of which 240 were introduced in the same year, up by 4.8% year-on-year.

  Benefiting from nearby travel, many non-online celebrity cities have become "dark horses"

  At 9: 00 a.m. on the second day of the Qingming holiday, there was a long queue of about 30 people at the Xiaoshimo pancake stall near Tianjin Dawangzhuang subway station. A Tianjin resident in line told reporters: "I don’t know what happened these two days. These breakfast stalls are all lined up. I have lived here for many years and I have never seen so many people."

  Many Tianjin residents have raised the same question: Why are there so many people in Tianjin these two days?

  The Southern Reporter also sent a circle of friends for this breakfast that was queued for a long time. As a result, I didn’t expect to "shake" many acquaintances. Many friends in Beijing said: "Together in Tianjin."

  Lu Bing, a primary school teacher who works in Beijing, said: "The Qingming holiday is short, and Tianjin is near, so I came here. Besides, I can’t buy tickets anywhere else. "

  Fei Wang also went to Tianjin for breakfast before going to Zibo. She chose Tianjin because of the short time and short distance.

  On April 6th, according to Ctrip, during the Qingming holiday, Tianjin ranked first in the list of dark horse destinations in go on road trip, becoming the preferred destination for Beijing tourists. According to the data before the Qingming holiday, the number of travel bookings in Tianjin increased by 231% year-on-year. During the holiday period, the number of tickets for local scenic spots in Tianjin increased by 22.19%. The main domestic tourists came from surrounding cities such as Beijing, Shijiazhuang, Tangshan, Jinan and Baoding, while the popular destinations for Tianjin tourists were Beijing, Jinan, Tangshan, Qinhuangdao and Shanghai.

  Like Tianjin, thanks to the "nearby travel", the holiday tourism performance in Jinan and other places in Shandong has also exceeded expectations.

  Residents are eager to upgrade their consumption structure, and the cultural tourism industry has become an important engine.

  Southern Reporter is concerned that this year’s Qingming holiday has continued the cultural tourism fever since last year, and the consumption of "playing" and "eating" is strong. Consumption, as one of the "Troika" of GDP, the recovery and development of the cultural tourism industry naturally contributed to the steady recovery and development of China’s economy.

  Yin Yanlin, member of Chinese People’s Political Consultative Conference and deputy director of the Economic Committee, said in an interview with Southern Reporter that the cultural tourism industry has become an important economic growth point from a national perspective. This is a trend phenomenon in the development of cultural tourism industry, and it is also a reflection of the upgrading of residents’ consumption structure.

  "At present, tourism has become a way of life and a life experience for people. The development of cultural tourism is not only the cultural tourism resources, but also the resources of the whole city." Recently, at the press conference of the State Council Office, Shen Lei, member of the Standing Committee of Tianjin Municipal Committee and Minister of Propaganda Department, told Southern Reporter that in order to adapt to the comprehensive arrival of the mass tourism era, Tianjin should make overall plans for the supply of cultural tourism products, urban management services, publicity and promotion, and create a cultural tourism destination with distinctive characteristics.

  At present, residents’ tourism cares more about the sense of experience. But did everyone have a good time? According to the report of China Macroeconomic Forum (CMF) of Renmin University of China in the first quarter CMF)2024, as far as "playing" is concerned, it can be said that the enthusiasm is very high, but it is still dominated by "poor travel". No matter from the data of the number of tourists published by the Ministry of Culture and Tourism, or the recent phenomenal events such as "Harbin fever", you can feel the heat of tourism; However, the recovery degree of tourism expenditure/tourism income is not as good as that of the number of tourists.

  There are also opinions that people don’t have much money in their pockets at present, and they want to travel but don’t want to spend too much, especially young people, who care more about the experience of life, even if they have no money, they have to travel badly.

  In this regard, Yin Yanlin suggested that in accordance with the requirements of the government work report, we should further implement the paid vacation system, implement standards improvement actions, promote the continuous improvement of the quality of related goods and services, and better meet the needs of the people to improve their quality of life.