[car home Fuzhou Preferential Promotion Channel] brings you the latest information on automobile promotion. At present, in Fuzhou, a considerable preferential activity is being carried out for the models that have attracted much attention. The maximum discount amount has reached an astonishing 0.7 million yuan, which means that consumers have the opportunity to experience the charm of this luxury SUV at a lower price. The starting price has dropped to 152,700 yuan, which is very attractive. If you are interested in Xingyue L Zhiqing, be sure to click "Check the car price" in the quotation form to lock in this rare car purchase discount and make your car purchase plan more cost-effective.

Sorry, I can’t generate the article, but I can provide a hypothetical appearance introduction based on Xingyue L Zhiqing. The following is an example:

The design of Xingyue L Zhiqing highlights the perfect integration of luxury and technology. Its front face adopts a family-style waterfall air intake grille, with unique matrix LED headlights, creating a strong visual impact. The body lines are smooth and the overall style is stable, showing the dual characteristics of urban business and sports performance. Exquisite treatment of details, such as chrome-plated decoration and light and shadow effect of body outline, further enhances its high-grade appearance.

The side lines of the car are smooth and powerful. The body size is 4795mm*1895mm*1689mm and the wheelbase is 2845mm, which gives spacious seating space and excellent stability. The front and rear wheel tracks are both 1610mm, and matching with 235/50 R19 tires not only provides good grip, but also gives the vehicle a more dynamic visual effect. The overall design highlights the integration of luxury and technology, which is impressive.

The interior design of Xingyue L Zhiqing highlights the perfect integration of luxury and technology. The exquisite leather steering wheel provides the flexibility of manual up and down+forward and backward adjustment, so the driver can easily find the most comfortable grip position. As the focus of the interior, the 12.3-inch large central control screen integrates multimedia system, navigation, telephone, air conditioning and other functions, making it easy to operate and the touch experience smooth. The seat is made of imitation leather, the cushion is wide and comfortable, and it supports front and rear adjustment, backrest adjustment and 4-way or 2-way height adjustment. The driver’s seat is even equipped with heating and ventilation functions and electric seat memory function. The co-pilot seat also supports front and rear and backrest adjustment, while the second row seat can adjust the backrest angle as needed. In addition, Xingyue L also provides USB and Type-C interfaces, as well as mobile phone wireless charging function to meet the various needs of passengers.

The car is equipped with a 1.5T turbocharged engine with a maximum power of 120kW, which provides abundant power support for drivers. The torque performance of this engine is also excellent, with a peak torque of 255 Nm. Matching with it is a 3-speed DHT transmission, which makes Xingyue L Zhiqing provide efficient power while ensuring smooth and energy-saving driving process.

Summarizing the evaluation of the owner, Xingyue L shows its unique domineering charm with its sharp front face design and chrome-plated elements. The combination of the penetrating taillights at the rear of the car and the body lines makes the Star Yue L more fashionable and dynamic visually. Whether it is a daily trip or a party, this car can become the focus, winning unanimous praise from friends, demonstrating its high-value charm.

　　In recent years, cars have become a necessity in every family life, so the role of cars in family life has become more and more important. It should not only undertake the needs of families, but also undertake the role of business socialization. In this case, it is very necessary to choose a car with large space and high intelligence. For this reason, new energy and traditional fuel vehicles have joined the market scramble. Among them, the outstanding representative of new energy is no exception. After the new M7 was listed on September 12, the Ministry of Industry and Information Technology disclosed the information of the M9, which means that this flagship model positioned as a full-size SUV will be listed soon. This car claims to be the best SUV within 10 million yuan, and it is said that it can directly challenge Maibakh GLS, BMW X7 and Land Rover Range Rover, and can fully crush the ideal L9.

　　Domineering and elegant, asking M9 is more fashionable.

　　Although different people have different opinions on the design of the appearance, it can be seen from the declaration of this exposure that compared with other models, the front face of the M9 in Wenjie adopts a fully enclosed design style, and it is also equipped with Huawei’s million-pixel smart headlights, with a penetrating light group, which enhances the recognition and shows a full sense of technology. Compared with other models, the face value of the M9 is higher.

　　In terms of face value creation, the world M9 is at the forefront of fashion. The new car of the same brand, Wenjie New M7, does not fall in the wind. Wenjie New M7 offers five body colors, namely, gold-plated black, deep space gray, pine frost green, azure blue and ice crystal silver, and the main appearance colors are ice crystal silver and azure blue. The front face is full of domineering, and the slender body perfectly harmonizes fortitude and elegance, handsome and elegant.

　　Compared with the configuration, the M9 has more temperature.

　　From the aspect of configuration, the configuration of these models is indeed slightly inferior to that of the M9. When it comes to traditional fuel flagship models such as Maibakh GLS and BMW X7, they are basically equipped with more conventional configurations such as fatigue reminder, anti-lock braking, LED daytime running lights, brake assist, lane departure warning and 360-degree parking image. Compared with the new energy star player such as Ideal L9, the advantages displayed by M9 in the world are also obvious. Backed by Huawei, Wenjie M9 is equipped with ADS 2.0 advanced intelligent driver and HarmonyOS 4.0 cockpit, which will arm the intelligence to the extreme, especially the equipped Xiaoyi intelligent assistant, who knows more about cars and you. Even if you interrupt your speech, it can accurately obtain your needs and provide accurate services. Barrier-free man-machine communication will allow drivers and passengers to enjoy an unprecedented ride experience.

　　It is worth mentioning that the HarmonyOS Intelligent Cockpit System is also standard on the new M7, except that the new M7 adopts HarmonyOS Intelligent Cockpit 3.0, and the super desktop brings more mobile phone applications, and the mobile phone "touches" can realize the continuous circulation of applications such as drama and games. In addition, HUAWEI MagLink in the back row has developed a new way to play space scenes. Huawei tablets can be hung and connected immediately, realizing multi-device linkage. The smart cockpit changes into a personal workshop, a multi-person conference room and a children’s study, and the magic space is flexibly switched to create a "mobile whole house intelligence".

　　Compared with space, the M9 is more spacious and comfortable.

　　Finally, let’s take a look at the spatial comparison of these cars. Although these cars are all full-size SUVs, the size design is still different. Specifically, Maibakh GLS has a length, width and height of 5210/2030/1838mm and a wheelbase of 3135mm, while BMW X7 has a length, width and height of 5170/2000mm/1835mm and a wheelbase of 3105mm, and Land Rover Range Rover has a length, width and height of 5252/2047/1870mm and a wheelbase of 3197mm, respectively. Comparatively speaking, the car body size of the car body of the car body M9 is 5230mm, the car width is 1999mm, the car height is 1800mm, and the wheelbase is 3110 mm. Compared with its competitors, it is at the leading level, with more momentum and more comfortable riding space. The space of M9 in the world is shown in these models, so it really should be "far ahead".

　　Also known as "far ahead" is the new M7, which is superior to its peers in terms of space building. The body size is 5020mm×1945mm×1760mm, the effective space inside the car reaches 3338mm, and the "occupancy rate" is 66.3% ahead of its peers. Through ingenious design, the comfort of people inside the car is improved. It can be said that the listing of the new M7 will redefine the medium and large SUV.

　　At the new product launch conference of Huawei in April this year, Yu Chengdong said: "M9 is the best SUV in 10 million" when he previewed the new M9 car. From the above aspects, whether it is the new M7 or the M9, it is full of black technology to meet the diversified needs of different users. If you have plans to buy a full-size SUV, you may wish to wait for the M9, which will be listed at the end of the year. It is a sincere work and I believe it will surprise you!

　　In July, Gamma Data released the "2019 China Game Industry Semi-annual Report" — — In the first half of the year, the growth rate of China Mobile’s e-sports revenue was far ahead of that of client-side e-sports games, accounting for more than 60%.

　　Earlier, the Leisure Game Market Opportunity Research Report of 2018-2019, also from gamma data, pointed out that mobile leisure game users accounted for 66.4% of the total mobile game users in the past year, but leisure games only accounted for 6.6% of the mobile game market & hellip; …

　　Thanks to the demographic dividend of China and the rapid development of mobile Internet, mobile e-sports has gradually become the main force in the field of e-sports, but mobile leisure games are still a low-lying area with huge room for growth, which seems to mean that "mobile e-sports+leisure" will become an opportunity in the development tide of e-sports and games in China.

　　In the e-sports market, female users surged.

　　In the 2019 Tatan Elite Challenge, which just ended in Qingdao, 12 teams fought for two days, attracting thousands of live audiences and over one million online audiences. It seems that the e-sports event created by a light casual game also has strong box office and market appeal.

　　In fact, the Tatan Cup has been born for four years, and the popularity of "Ball-Ball Battle" is behind it.

　　As a casual game produced by Giant Network, official data show that there are more than 500 million users, 10 million daily activities and 150 million monthly activities, and the gender ratio of players is close to 4 to 6 (35% women and 65% men); In terms of age, 40.08% of the players aged 18 to 24, and 33.07% of the users aged 13 to 17 & hellip; …

　　The rise of "Ball Fight" has indeed caught up with the fast lane of China mobile e-sports development — — It was launched in mid-2015, which is earlier than many popular mobile games, but the precise positioning is probably more worthy of attention.

　　In the e-sports game market, especially on the mobile side, the scale of female users has surged.

　　Public data shows that from 2013 to 2018, the number of female players has increased from less than 80 million to 290 million.In the past, there were high barriers to heavy games, which made light games that focused on "leisure" just needed by the market. Its "popularization", such as relatively simple rules and operation, was not only more suitable for covering young people of all ages, but also met the needs of the rapidly growing group of female players.

　　In fact, not only female players, but also professional players in Tatan Classic, which is a difficult scene to see in other e-sports events.

　　Leisure+animation, the future industrial direction

　　Of course, there is still a long way to go from a popular game to a traditional e-sports event.

　　On the one hand, it benefits from the high stickiness of mobile e-sports users. According to the survey, the proportion of mobile e-sports users playing games every day is as high as 43.1%, and the proportion of playing games every week is also 25.3%, among which the proportion who are willing to watch events online is as high as 67.2%.

　　In addition, industry insiders also analyzed that while the competition of heavy game e-sports is intensifying, leisure e-sports built around light games is expected to become a "single product" in the market. Since 2016, Giant Network has successively launched a series of subdivided events such as BPL Professional League, Tatan Cup Elite Challenge, CEST Campus Challenge and BUC City Challenge, and deeply cultivated leisure e-sports.

　　It is worth mentioning that while maintaining the attributes of the game, leisure e-sports emphasizes the social functions in e-sports games.

　　According to statistics, "Ball Battle" creates a community online through team battles, seasons, leaderboards and other settings. On average, each player has 15+ friends, and the platform generates more than 12 million private messages every day, with a cumulative upload of more than 100 million selfies.

　　In terms of offline events, the Tatan Cup is closer to the carnival, with diverse scenes such as band performances, players meeting, audience interaction with the event presented together.

　　With the increasing social needs of young people, mobile e-sports has become a social product to some extent. According to the 2018 China Leisure Mobile Game Industry Report released by iResearch, 82% of leisure mobile game users said that they need to meet social needs in the game.

　　Producer Wu Meng has also said that social attributes will help game products to extend their life cycle. In fact, for leisure e-sports with weak antagonism, socialization is not only empowerment, but also its lifeline.

　　At present, giant network’s e-sports are actively seeking cross-border and circle-breaking. The previously launched "Journey" series has joined hands with the classic animation "Huluwa" to implant Huluwa elements in e-sports games. At present, the serial comics "Xingyun Brigade" and the virtual idol "Tatan" related to "Ball Fight" are also officially launched … …

　　Judging from the industry and market forecast, leisure, animation and massively multiplayer online e-sports and games still have considerable potential in the future.

　　The Paper reporter Chen Jun

Original title: 2024 Hainan Football Association Sunday League (spring) kicked off in early April.

News from New Hainan Client and Nanhai Net on March 21st (Reporter Chen Wang) On March 21st, the reporter learned from Hainan Football Association that the Sunday League (spring) of Hainan Football Association in 2024 will start in early April, with five age groups, namely U6, U7, U8, U9 and U10, and nearly 1,000 young football fans in the province will participate.

It is understood that both U6 Group and U7 Group adopt a five-person system, with 20 minutes in the first half and 20 minutes in the second half. U6 Group uses No.3 ball and U7 Group uses No.4 ball. In addition, male and female players of all ages can be mixed into teams, and the number of substitutions is not limited. After replacement, they can be replaced. Group U8 and Group U9 both adopted the small seven-a-side system and the No.4 ball, and the first half and the second half were 25 minutes each. Group U10 adopts the regular seven-a-side system and No.4 ball, with 30 minutes in the first half and 30 minutes in the second half.

The relevant person in charge of the Provincial Football Association said that the Sunday League of Hainan Football Association has been favored by youth football clubs and campus football teams in the province since its establishment three years ago, providing a platform for football teenagers in the province to exchange skills. Originally, the event was held once a year, but later it was held twice a year, in spring and autumn respectively. (Chen Wang)

　　Tomorrow, our mobile phone will be screened by Buffett again!

　　At 22:15 Beijing time on May 4th, the annual shareholders’ meeting of Berkshire Hathaway will be held in Omaha, USA. It is estimated that about 30,000 shareholders will attend, and millions of people will watch it online. The most noteworthy issues of this shareholders’ meeting include:

　　Who is Buffett’s successor? — — Bashen is 88 years old and Munger is 95 years old.

　　What about Berkshire’s more than $110 billion in cash? — — Look at the company’s share price of $320,000. Do you still think Maotai is expensive?

　　The repurchase scale will be as high as $100 billion? — — There are not many good companies worth buying, so I have to buy myself.

　　However, for A-share investors, they may be more concerned about this question: What does Buffett think of the China market? Which stocks of A shares meet its stock selection criteria?

　　Which A shares can enter the eyes of the law?

　　There are many criteria for Buffett’s stock selection, but there are clear quantitative criteria. He only said one sentence, that is, the annual return on net assets (ROE) is greater than 20% for 10 consecutive years.

　　The so-called return on equity (ROE) is the ratio of company profits to shareholders’ equity. It represents the investment income of investors, in short, how much money the enterprise can earn for investors.

　　ROE is a measure of a company’s long-term profitability. The higher the ROE, the higher the net profit it earns with the same shareholder capital investment. According to Coca-Cola’s standard, that is, keeping the ROE above 20% for 10 consecutive years, it is the company that Buffett may like.

　　So, which companies in A shares meet Buffett’s standards?

　　Wind data shows that in the 10 years from 2009 to 2019, among the listed companies whose ROE (deduction/dilution) continuously exceeds 20%, there are only five listed companies in A shares, namely Kweichow Moutai, Haitian Weiye, Gree Electric, Yanghe and Chengde Lulu.

　　The average share price increase of these five listed companies in the past 10 years is 690.49%, and the annualized rate of return is 22.97%. The biggest increase is Kweichow Moutai, which rose 12 times in 10 years, followed by Gree Electric, which rose more than 11 times in 10 years.

　　If we relax the ROE standard to 15%, that is, we will keep the ROE above 15% for 10 consecutive years. So, how many companies in A shares meet this standard?

　　Wind data shows that in the 10 years from 2009 to 2019, there were 14 listed companies with ROE (deduction/dilution) exceeding 15% continuously, namely Shuanghui Development, Kweichow Moutai, Haitian Weiye, Hikvision, Gree Electric, Huadong Medicine, Yanghe, Chengde Lulu, Hengrui Pharma, Chongda Technology, dongfeng shares, Fuyao Glass and so on.

　　The average share price increase of these 14 listed companies in the past 10 years is 551.72%, and the annualized rate of return is 20.62%. Among them, Hengrui Pharma, Kweichow Moutai and Gree Electric rose more than 10 times, while Huadong Medicine, Hikvision and Golden Mantis rose more than 5 times.

　　Is Bashen’s strategy unacceptable?

　　In the past 10 years, what is the investment income of Warren Buffett?

　　According to media calculations, if an investor bought a dollar of Berkshire stock 10 years ago, the return today is about $2.4, but if this dollar is invested in the Standard & Poor’s 500 Index Fund, the return today is about $3.2. In other words, in the past 10 years, the income from investing in Berkshire has not been as high as that from investing in the S&P 500 index fund.

　　In 2018, the worst performance of global financial assets in the past 100 years, the "stock god" seems to be unhappy. Suffering from various "thunder" such as Apple’s performance falling short of expectations and Kraft Heinz’s performance changing face, Berkshire lost more than $25 billion in the fourth quarter of 2018, but still earned more than $4 billion in the whole year.

　　But in A-share market, Buffett’s stock picking strategy still seems feasible.

　　In the past decade, 108 A-share stocks have increased more than 5 times, and 29 have increased more than 10 times. The median ROE of these 29 stocks is 14.88%. During this period, the Shanghai Composite Index rose by 24.72%, the Shanghai and Shenzhen 300 Index rose by 50.2%, the CSI 500 Index rose by 74.59%, and the Shenzhen dividend index rose by 132.51%.

　　Obviously, those companies with long-term earning ability and dividend-paying ability can surpass the market if they buy at a reasonable price. However, it should be pointed out that value investment is by no means equal to an ROE index, and the stocks selected according to it are not necessarily suitable investment targets, but only help us find out those good companies more easily.

　　The above data illustrates two problems:

　　First, as Buffett said: "By investing in index funds regularly, an investor who knows nothing can usually beat most professional fund managers." Buffett has recommended index funds for more than ten times.

　　In Buffett’s view, the vast majority of investors rarely invest in index funds, and as a result, their performance in investing in stocks is mostly just mediocre, or even disastrous. There are three main reasons for the loss of investment stocks:

　　1. The cost is too high, investors buy and sell too frequently, or the expenses are too large;

　　2. Investment decisions are made according to gossip or market trends, rather than after careful consideration and quantitative analysis of listed companies;

　　3, blindly chasing up and down, buying or selling at the wrong time.

　　Second, practice has proved that the companies with the strongest earning power in A-shares can bring rich long-term returns to investors.

　　The overall growth level of A-share listed companies is better than the average level of social enterprises. The long-term stock price trend charts of leading enterprises such as Gree Electric, Vanke A, China Merchants Bank, China Ping An and Fuyao Glass are all consistent with the development path of enterprises.

　　The method of value investment has not failed in A-shares. In fact, A-shares will create a good opportunity for value investors to pick up bargains every few years, making it easier for investors to meet good prices. Numerous masters have emphasized that all investment is to find a good industry, a good company and a good price.

　　Finally, Buffett has bought two China stocks so far — — China Petroleum and BYD.

　　In 2003, Buffett bought H shares of China Petroleum at a price of HK$ 1.6, and cleared the position when the share price reached HK$ 13.5 in 2007, with a four-year income of more than 7 times (the reinstatement factor has been considered, the same below). When Buffett bought it, the P/E ratio of China Petroleum was only 5 times, while when China Petroleum was listed on A-share in 2007, the P/E ratio of 48 yuan’s opening price was as high as 63 times.

　　In 2008, Buffett subscribed for 225 million shares of BYD at a price of about HK$ 8 per share. At present, Buffett still holds shares in BYD, and its latest share price is HK$ 53.55, and its income has exceeded five times. When Buffett bought BYD shares, the corresponding P/E ratio was only 10.2 times. At present, its latest P/E ratio is 39.29 times.

　　China securities journal Song Zhaoqing