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Yang Yuxuan is cooking. Photo courtesy of respondents

Yang Yuxuan is taking care of grandma.

　　Recently, Yang Yuxuan, a 9-year-old boy from Luoyang, Henan Province, was very busy. As long as the school bell rang, he dared not delay for a moment and trotted home to cook for his family. "Cooking, washing clothes, feeding chickens, mopping the floor and washing dishes … … I can’t leave anything behind, I will do anything. "

　　It turned out that Xiao Yuxuan’s father, grandfather and grandmother were seriously ill, and the burden of life suddenly fell on Xiao Yuxuan. He had to go to school, do housework and take care of his family. Xiao Yuxuan said, "I’m a little tired, but I’m not afraid. I have the strength."

　　Xiao Yuxuan’s deeds touched many people. Yesterday, Alibaba daily positive energy and Yangzi Evening News Zi Niu News rewarded this little man with 20,000 yuan.

　　He "propped up" a family like this.

　　"I cleaned the house, and when my father saw that he was in a good mood, he recovered from his illness."

　　Yang Yuxuan, who lives in Youzhao Village, Luoyang City, Henan Province, is currently in the third grade of primary school in the village. Five years ago, my family was seriously ill. Grandpa Yang Zhenzong suffered from bladder malignant tumor, grandma Wang Shuzhi suffered from esophageal squamous cell carcinoma, and my father Yang Xiaojun was hospitalized again recently because of the recurrence of pancreatitis. Nine-year-old Yang Yuxuan resolutely shouldered the burden of family life, washing clothes, cooking, washing dishes and sweeping the floor. As long as she was at home, she did all the housework. Every day when the school bell rings, he dares not delay for a moment, trotting home and cooking for his grandparents.

　　"At noon, I cooked fried cabbage and noodles. I also cooked carrots, potatoes and porridge, all of which I learned from my grandmother." Xiao Yuxuan was a little shy, touched his head and continued, "My grandmother can cook a lot of dishes, but she hasn’t taught me everything yet. She said that after my grandparents are gone, I learned to cook and I won’t be hungry." Xiaoyuxuan paused for a moment and looked a little lonely. "My grandparents are sick, and my father is in the hospital. I went to see him yesterday and saw my father.

　　Dad is lying in the hospital, and I’m a little sad. "

　　Xiao Yuxuan’s grandmother is 70 years old this year. Last month, she underwent radical resection of esophageal cancer in the First Affiliated Hospital of Henan University of Science and Technology. Now the frail elderly people are basically lying in bed for rest. In the morning, Xiao Yuxuan brought the cooked meal to grandma. Because he was afraid of scalding her, he always carefully blew and fed her. The old man sobbed a little and told reporters with tears: "The grandson has suffered with us, and the family is full of patients, which has dragged him down."

　　Xiao Yuxuan’s father, Yang Xiaojun, told reporters, "I was at home a few days ago. In the morning, my child cooked a meal, cooked a dish and a soup, steamed steamed buns and boiled eggs. The child gave me and his grandparents. I said why didn’t you have a child? The child said that you were all patients who could recover quickly after eating. I was in good health and didn’t need to eat. The home is always cleaned by the children. The children say that the home is cleaned, and when the father sees it, he will be in a good mood and get well. At that time, I really felt that my illness could be cured. "

　　"I’m a little tired doing housework every day, but I’m not afraid. I have the strength."

　　Every morning after six o’clock, Xiao Yuxuan will get up, make some breakfast simply, and then serve it to her grandparents. Then he will go to the vegetable field to pick some food. "Chop up the yellow and rotten leaves and feed them to the chickens." After feeding the chickens, he moved a small bench to sit in the yard and began to eat. After eating, he washed the dishes. He poured a glass of water and put it in front of his grandmother’s bed, then carried his schoolbag and hurried to school. When cooking, washing clothes, feeding chickens and cleaning every day, Xiao Yuxuan said, "Well, a little tired. But I am not afraid, I have the strength. " This "little adult" is sensible and distressing.

　　Xiao Yuxuan said that he was happiest when he was in physical education class at school, because he could play with his classmates. Other boys like toy guns and toy cars, but Xiao Yuxuan said he doesn’t. "I like playing with building blocks. Last time my father bought them for me, I thought of my father when I saw them." The building blocks in Xiao Yuxuan’s hands have faded and the corners are worn, but he still can’t put them down.

　　The family rarely talked about her mother in front of him, but Xiao Yuxuan took the initiative to talk to reporters about her mother. "I can only see my mother once a year. She lives in my grandmother’s house and has to take a long bus to see her." Ask him if he misses his mother? He nodded and said, "Well, I really want to."

　　Xiao Yuxuan said that he has a small wish, that is, to sit at the table and have dinner with his grandparents and fathers. He said, "I hope grandparents and fathers will get better soon and be healthy."

　　His tone and expression are like a mature adult, but his childish voice is clearly a child!

　　He seems to have grown up overnight.

　　Father and grandfather were sick one after another and lived in the same hospital to take care of each other.

　　In September 2009, 24-year-old Yang Xiaojun married his wife and went to work in an office supplies factory near his home. He earned more than 1,000 yuan a month. Although he was not rich, he lived a stable life. But three months after marriage, he and his wife quarreled frequently because of family chores. After a quarrel, Yang Xiaojun suffered from severe abdominal pain and was taken to the hospital. It was diagnosed as pancreatitis, which belonged to edema type. After ten days of treatment in the hospital, he was discharged from the hospital. "At that time, the doctor said that after leaving the hospital, I don’t need to take medicine, just eat lightly. I thought I would be fine." When Yang Xiaojun came home, he nursed back to health while working. During this period, Xiao Yuxuan was born.

　　In 2010, when Xiao Yuxuan was still in infancy, his wife left home. "The mother left home because of family chores, and she didn’t contact for a whole year. After a year, she came back for a period of time, and she suspected that she had no money at home and went out again. The last time she came back, she was going to divorce." After that, Yang Xiaojun raised the children alone.

　　In 2014, Yang Xiaojun’s condition recurred and worsened, and he was examined for hemorrhagic necrotizing severe pancreatitis. He was treated in the First Affiliated Hospital of Henan University of Science and Technology for half a year. "At that time, he didn’t urinate for three days, and his stomach was particularly painful. He was sent to the hospital. The doctor said that he had renal failure, and then he was dialyzed for a few days, and he needed more than 10,000 pieces a day." During his stay in hospital, Yang Xiaojun had a clearing operation because of pancreatic tissue necrosis. After the operation, he was covered with various tubes. "You can’t move after the operation. Every movement needs the help of your family. It hurts every day … …”

　　However, what they didn’t expect was that Yang Xiaojun’s father, Yang Zhenzong, was diagnosed with bladder malignant tumor during his treatment in the hospital, so they all lived in the First Affiliated Hospital of Henan University of Science and Technology. Every day, 68-year-old Yang Zhenzong lost chemotherapy drugs in the urology department on the sixth floor and went to the hepatobiliary department on the eighth floor to take care of Yang Xiaojun. "During that time, if it weren’t for my father, I would definitely not have made it." Yang Xiaojun said that his father was very strong, and he always said that when things came, he had to bear them.

　　In the next two or three years, Yang Zhenzong repeatedly received chemotherapy in the hospital because of bladder tumor. In 2017, he had a cystectomy, and the doctor made a "leak" on his stomach. "Now my father has a tube on both sides of his stomach, and he has to take it with him every day. ‘ Urine bag ’ Life, many jobs can’t be done. "

　　During their stay in hospital, Yang Xiaojun’s father and son took care of each other, and the treatment cost nearly 200,000 yuan. They didn’t have much savings, and most of them were borrowed. At home, Wang Shuzhi and Xiao Yuxuan, who was only 5 years old at that time, lived together. "My mother was in poor health and couldn’t see with one eye. At that time, the children were also small. She came to the hospital to see me once and then didn’t let them come." When Yang Xiaojun talks about his son, his eyes are full of heartache. The family is heavily in debt and life is extremely difficult. Nevertheless, the whole family did not lose hope and persisted.

　　Grandma has esophageal squamous cell carcinoma, and Xiao Yuxuan, who is sensible, does all the housework.

　　In March 2018, Yang Xiaojun went out to work after his health improved. "I went to send a takeaway for one year, and I didn’t dare to take more orders when I was in poor health. Part of my salary was living expenses and part of my debt was paid off."

　　During that time, 8-year-old Xiao Yuxuan seemed to grow up overnight, and he began to learn cooking, washing clothes and cleaning with his grandmother. "My grandson is very smart, clever and sensible. If I teach him once, he will learn everything quickly." Talking about her grandson, Wang Shuzhi is very proud.

　　In September 2019, Wang Shuzhi was a little uncomfortable when eating. After going to the First Affiliated Hospital of Henan University of Science and Technology for examination, she was diagnosed with esophageal squamous cell carcinoma on the spot. When Yang Xiaojun and his father got the medical certificate, they collapsed. At that time, they were sitting in the hospital corridor, saying nothing and crying silently. "My mother doesn’t know until now, and she has never dared to tell her."

　　Recently, Yang Xiaojun was hospitalized again because of the recurrence of pancreatitis. "Now the family depends on a 9-year-old child, and the burden is on him. He should have been carefree. Now he can only rely on himself. The father can’t give him support, but now he has to rely on his children, and his heart is very uncomfortable. From the birth of the child to the present, the family is not this hospitalization or that hospitalization, and we have not enjoyed any happiness with us. " Speaking of which, Yang Xiaojun tears couldn’t help anymore.

　　Yang Xiaojun said he would go to work when he was better. Although life is hard, Xiao Yuxuan is sensible and cheerful. "When I was in good health, he would let me buy something he liked. After I got sick, he never mentioned it again. My son is very sensible. I must get better soon."

　　Teacher Li, the head teacher in Yang Yuxuan, said in an interview with Zi Niu News reporter that Yang Yuxuan is very serious in school and has a good personality. He often helps teachers and sends and receives homework. He runs very fast. "Something may have happened to his family recently. Sometimes I find that he will be distracted in class. His father’s illness will have a little impact on him." Teacher Li told reporters that the school has recently given some subsidies according to the relevant poverty-stricken students’ policies after learning about Yang Yuxuan’s family situation.

　　Alibaba daily positive energy combined with Zi Niu News rewards the little man with 20,000 yuan.

　　Xiao Yuxuan’s deeds touched many people. Yesterday, Alibaba’s daily positive energy and Yangzi Evening News Zi Niu News rewarded this little man with 20,000 yuan. The award words are as follows:

　　Faced with the serious illness of his family, he grew up "overnight" and silently shared it with his young shoulders. He had to go to school, do housework and take care of his family.

　　At six o’clock in the morning, the children of the same age are still sleeping soundly in their dreams, and he has already started making breakfast and picking vegetables for the chickens … …

　　At the age of 9, we saw a young man who was strong and filial.

　　"I’m a little tired, but I’m not afraid, I have the strength." This "little adult" is clever and sensible, which makes people feel distressed.

　　Difficulties and hardships, jade is successful.

　　Fate is a mirror, which reflects the difficulty of life, but it will also turn every hardship and growth into a gift, so that the background color of life reflects light.

　　Teenager, we want to give you a big compliment for your strength and responsibility!

　　I hope that this positive energy bonus can make this sensible child walk less heavily. I hope that the child can see that life is not only suffering, but also love and turning around.

　　There is sunshine in the heart, flying against the wind, and young people come on! (Yangzi Evening News/Zi Niu News reporter Wan Huijuan)

　　On the morning of January 25th, four departments, including the Central Network Information Office, the Ministry of Industry and Information Technology, the Ministry of Public Security and the General Administration of Market Supervision, held a press conference and jointly issued the "Announcement on Special Governance for the Illegal Collection and Use of Personal Information by App".

　　In recent years, Mobile Internet Application (App) has been widely used, which has played an irreplaceable role in promoting economic and social development and serving people’s livelihood. At the same time, the phenomenon of compulsory authorization, excessive claim and over-range collection of personal information by App exists in large numbers, and the problem of illegal use of personal information is very prominent, which is strongly reflected by the majority of netizens. In order to effectively control the chaos in the protection of personal information, the four departments decided to organize a nationwide special treatment for the illegal collection and use of personal information by App from January to December 2019.

　　The "Announcement" pointed out that when collecting and using personal information, App operators should strictly fulfill their responsibilities and obligations stipulated in the Cyber Security Law, be responsible for the security of personal information obtained, and take effective measures to strengthen the protection of personal information. Follow the principles of legality, justness and necessity, and do not collect personal information irrelevant to the services provided; When collecting personal information, the rules for the collection and use of personal information should be displayed in an easy-to-understand and simple way, and the subject of personal information should choose and agree independently; Do not force users to authorize in disguise by default, binding, stopping installation and use, and do not collect and use personal information in violation of laws and regulations and agreements with users. Advocate App operators to provide users with the option of refusing to receive targeted push when they push news, current affairs and advertisements.

　　This special governance will focus on the following tasks: First, organize relevant professional organizations to evaluate the privacy policy of App and the collection and use of personal information with a large number of users and closely related to people’s lives. The second is to strengthen the supervision and punishment of illegal collection and use of personal information, including ordering the relevant App operators to rectify within a time limit; Overdue reform, public exposure; If the circumstances are serious, the relevant business shall be suspended, the business shall be suspended for rectification, the relevant business license shall be revoked or the business license shall be revoked. Third, the public security organs have carried out special work to crack down on illegal and criminal activities that infringe on citizens’ personal information through the Internet, and severely crack down on illegal and criminal activities that target and use personal information according to law. The fourth is to carry out voluntary App personal information security certification, and encourage search engines, App stores, etc. to clearly identify and give priority to recommending certified apps.

　　It is hoped that the majority of App operators will take the initiative to check and correct themselves according to the requirements of laws and regulations, standardize the collection and use of personal information, and effectively improve the level of personal information protection.

Building a car is like a knife, which makes people old. Recently, Lei Jun’s real shot was exposed, and the rice noodles were distressed. The netizens felt that it was too bitter to build a car.

What’s more, some busybodies put the photos of public activities three months ago together with this one, which is even more impressive: people grow old overnight.

"Lei Jun is getting old" has even become a potential hot topic in Weibo, and there are waves of exclamatory and emotional comments.

There are also rice noodles that are distressed: Mr. Lei, can we not build this car?

The recent photo of general manager Lei on the right of the above picture is from his interview with the two sessions.

In the interview, Lei Jun revealed the proposal he submitted this year, mainly around:

Lei Jun submitted four specific suggestions this year, one of which is directly related to the automobile industry:

Further standardize the safe application of intelligent driving products..

Lei Jun’s suggestion is more comprehensive, involving not onlydriveWhen the auxiliary driving, and no one.park a car or other motor vehiclesSecurity, as well as the car end.dataThe use of.

In addition to Lei Jun, Zhu Huarong, Li Shufu, He Xiaopeng, Zhang Xinghai and many other car business leaders made suggestions at the two sessions.

Like Lei Jun, Chairman of Changan Automobilezhu huarongAlso concerned about the data security at the vehicle end, Zhu Huarong suggested that the boundaries of personal information in vehicle data should be clarified and the property rights of vehicle data should be refined.

Chairman GeelyLi ShufuIt is suggested to promote the development of automobile sports and automobile aftermarket.

He Xiaopeng, a fellow villager from Hubei Province, who is General Lei, explores new application scenarios and suggests developing low-speed unmanned driving at night in limited scenarios.

Chairman CyrusZhang XinghaiFocusing on going out to sea, it is suggested to encourage supply chain enterprises and high-quality car enterprises to "go out to sea together".

There are many celebrities in the bicycle circle of the two sessions. Lei Jun attracted the most attention.

This is not the first time Lei Jun has participated in the two sessions, but this time it has attracted super high attention, naturally because Xiaomi Automobile is released soon.

Domestic car companies are involved, and Xiaomi SU7 is on the line. Recently, every time a new car is issued, netizens will send back worries for Lei Jun:

Jun Er ~ Lei Zong ~, what’s the price? ? ?

The listing of Xiaomi SU7 is getting closer and closer.

Years ago, Lei Jun said that Xiaomi SU7 had started mass production on a small scale. Recently, it was revealed that the production capacity of Xiaomi Automobile Beijing factory was 2,000 vehicles in the first quarter, with an annual output value of 400 million-which was later falsely responded by Xiaomi.

There are also reports that,Some colleagues have been invited by Xiaomi Automobile to shoot inside., that is, static experience shooting, which indicates that the new car will be on the market soon.

But those who know themselves best may be friends and businessmen. Just last week.New krypton 001 After the release, the extreme executives also revealed in the group interview that they heard the news.Xiaomi SU7 conference may be held on March 28th..

This time, it is also somewhat credible. First of all, the time point is close to the financial report performance disclosure, which can be used as a new bright spot. Secondly, when the Beijing Auto Show hit in April this year, it can receive more extensive and direct marketing and sales at the global first-class auto show.

As well as rumors about this time, Xiaomi Automobile did not explicitly deny this time and responded that:

The specific time will be announced through official channels.

of course，Xiaomi SU7 is now imminent, so I have to send it, but it’s not easy to send it..

At the Xiaomi Automobile Technology Conference, Xiaomi SU7 almost ran out of cards, leaving pricing-the last factor that most affected the market competitiveness.

Lei Jun has repeatedly publicly stated that SU7 is "impossible to be 19.9" and "a little expensive".

However, the warmth of users from friends and merchants, wave after wave, turns to "have a problem" with the pricing of SU7:

beforeExtreme krypton 007 Released one day before the technical conference, it is also a high-performance pure electric car. Its size is slightly shorter than that of the SU7, and the fastest acceleration is not much different from that of the SU7. It starts at 209,900, and the top is only sold. 299,000 yuan, 200,000 files are full.

After the technology conference, Geely introduced a pure electric car.Yinhe E8The length of the bus is over 5 meters, and the superimposed rights of the starting price are less than 170,000 yuan.

Some netizens think that Geely is using 007 to completely attack SU7, and also playing an E8 to seal the lower limit of Xiaomi.

That’s not all. Krypton has just been released, and the new 001, which has been sold since 269,000, comes standard with 800V and lidar. The entry life is 750km.

As soon as this card came out, the netizen shouted:

It’s not only krypton that blocked Xiaomi in advance, but also the explosions of pure electric cars such as Han EV and Tucki P7i have recently dropped to 179,800 yuan and 203,900 yuan respectively. In addition, Zhiji L6 and Ji Yue 07 are also warming up.

There is really a saying that Lei Jun is right. This price is the most competitive price.

So the situation is like this. Even if Apple gives up building a car, Lei always loses a benchmark. In the future, Xiaomi Auto does not have to declare war on Apple Auto and comprehensively benchmark. However, in the world’s largest auto market, Xiaomi SU7 is under great pressure, and Lei Jun’s pressure is not too great.

Some netizens believe that it is the grim situation faced by Xiaomi Automobile that makes All in build a car and Lei Jun, who is over half a year old, aging at a speed visible to the naked eye.

What makes people old is more than Lei Jun..

On August 29th, 2022, it was a memorable day for He Xiaopeng, which happened to be the fifth anniversary of his full-time entry into Tucki.

At this time, Tucki had not experienced the "G9 released Waterloo", and the situation was excellent, with monthly sales exceeding 10,000, which was a good result at that time.

However, He Xiaopeng still sent a message feeling:

My hair is gray, too. It’s not easy to build a car.

Earlier, in 2019, it was well known that Weilai had encountered great difficulties. Li Bin recalled that Weilai was "hanging by a thread" at that time.

According to Li Bin, even if we get paid next month, we have to find a way to raise money. Many Weilai employees lamented Li Bin at that time:

Brother Bin is aging at a speed visible to the naked eye..

It can be seen that it is not easy to build a car. No matter what situation the car companies are facing, the CEOs are under great pressure.

Especially this year, "Gaohe stopped production", "Nine car companies cut prices in one day", and the fierce and cruel competition among car companies in 2024 has been felt by everyone.

He Xiaopeng once said that China automobile brands will enter the knockout stage this year, and Li Bin also said that new energy automobile enterprises will enter the finals in 2025. Li Xiang thinks that there are only five finalists left this year, and now there are only two places left.

Everyone has seen an unprecedented opportunity to build a car, but behind the opportunity is great pressure and a more desperate 996.

When Xiaomi started his business, it was 996. Now, under the situation of Xiaomi Automobile, Lei Jun, who is aging overnight, must be more than 996.

However, pay attention to your health ~

(Original title: Depth: Rapid delisting, US delisting, or a step in Geely’s grand integration strategy? )

[Industry in car home] On May 7th, Geely announced that it planned to buy all the shares of Krypton, a subsidiary listed in the US stock market, and privatize it at a premium of 20% on the average price of the past 30 trading days. If the transaction is completed, Krypton will be completely delisted from the US stock market, and Krypton will be completely merged with Geely Automobile to become a wholly-owned subsidiary.

Hearing the news, the first reaction of the internal staff is: very sudden, very stupid.

In May, 2024, Krypton went public only three years after its establishment, becoming the fourth new force to go public in the United States after Wei Xiaoli. It was listed less than a year ago, and now it is announced to withdraw from the market immediately. The delisting speed is as fast as the listing. What happened? This paper tries to interpret it in depth.

Members of the United States named 25 China companies for delisting, including Krypton, but not Lotus.

In the context of Sino-US trade confrontation, in addition to tariffs, financial war is also one of the options at the negotiating table.

On May 2nd, Republican Congressman John Moolenaar, Chairman of the US-China Special Committee on Strategic Competition, and Rick Scott, Chairman of the Senate Committee on Aging, and others jointly wrote to the SEC, demanding that 25 China companies listed in the US suspend trading and withdraw from the market.

We read the original text of the letter. Among the 25 listed companies named by Members, there are three related companies in the smart car industry, including Krypton, Tucki and Xiaoma Zhixing.

Krypton is on the list of 25 listed companies that call for delisting.

The reasons for the withdrawal of Krypton from the market described by US Members are summarized as follows:

1. Polar Krypton has been integrated into China’s civil and military system by using the "Future Travel Constellation" satellite network developed and built by Geely, which supports real-time tracking, remote sensing and safe communication of smart cars.

2. Geely has equipped the Krypton car with direct satellite connection without ground network, connecting the daily electric car function with the space infrastructure controlled by China military for a long time.

3. Geely also provided more than 1,000 Borui cars to the China People’s Liberation Army, promoting that "military quality" is suitable for harsh environment, which proves that Krypton supports integration of defense and civilian technologies.

4. Krypton has a Communist Party organization in the company, and the intelligent workshop provides a training and publicity base for CPC ideological education, vocational training and school-enterprise integration;

5. Krypton partly owns Zhejiang Times Geely Power Battery Co., Ltd., which is jointly held by Contemporary Amperex Technology Co., Limited, and Contemporary Amperex Technology Co., Limited is included in the list of entities in the Xinjiang Uygur Forced Labor Prevention Act.

The screenshot of the original letter is as follows:

Original screenshot

As mentioned in the letter, these 25 companies pose great risks to the national security and capital market of the United States.

Geely’s other listed car companies, such as Lotus and Polar Star, are not on this list, and there is no news of simultaneous delisting recently. In 2017, Lotus acquired by Geely was listed and traded in the United States in February 2024 by merging with a special purpose acquisition company.

Geely’s official reply: integrate resources and return to a Geely.

Li Shufu, chairman of Geely Holding, said in this statement that in the face of fierce market competition and increasingly complex economic environment, Geely Holding will judge the situation and continue to promote the integration of automobile business in accordance with the spirit of Taizhou Declaration, return to a Geely, integrate technological advantages, and improve innovation and profitability.

Finally, don’t forget to mention: Geely Holding will still maintain close communication and cooperation with American and international capital markets.

This acquisition shows Li Shufu’s skillful capital market operation means.

First, the price of $25.66 for this acquisition of Geely is 20% higher than the average transaction price in the past 30 days and 22% higher than the listing price of $21. A better premium acquisition can avoid lawsuits from minority shareholders.

Second, Geely sent a "Non-binding Offer Letter" to Krypton, which means that the preliminary letter of intent given by the buyer to the acquired party is not legally binding and does not represent the final negotiation price. Only when Krypton agrees, the transaction can be carried out.

There is a guess that if the market speculates on Krypton’s share price for a short time and exceeds the purchase price of $25.66, Geely may give up the acquisition. Immediately after the announcement, on May 7, the Krypton closed up 11.5% to $25.19.

Third, Geely does not buy and sell at a loss. The invitation letter for repurchase does not specify how long it will be implemented, and it will be valid for a long time. Geely will not buy back at the high point of the stock price, or wait until the stock price falls.

Krypton’s share price has been lower than the issue price for a long time, and its listed market value and current market value are hovering around 6 billion US dollars, which is lower than the 13 billion valuation expected by investors in the A round of financing, and also significantly lower than that of Wei Xiaoli. Tucki has exceeded 18 billion, and ideally it has exceeded 27 billion. The valuation has shrunk dramatically, and the US stock market environment has further deteriorated in recent years. At present, China Stock Exchange is also facing the risk of delisting under the political game, which makes investors nervous, and the refinancing space is getting smaller and smaller, losing the significance of listing.

The risk of delisting of China Stock Exchange will return again, and there is no second listing in Hong Kong at present and will not be in the future.

"The delisting of China Stock Exchange" is not a new topic. As early as Trump’s first term in 2021, the US Securities Regulatory Commission introduced the delisting regulations for China companies under the Foreign Company Accountability Act, which triggered a large number of China Stock Exchange companies including Alibaba, Xpeng Motors and Weilai Automobile to go to Hong Kong for secondary listing, thus realizing the listing in the United States and Hong Kong to avoid the delisting risk.

However, although the listing in the United States and Hong Kong has been realized and the risk of delisting has been eliminated, the trading volume provided by the Hong Kong stock market is far less than that of the US market. For example, the average daily ADR trading volume of Alibaba and JD.COM in US stocks is about 80% higher than that of their Hong Kong stocks.

The trading volume provided by the Hong Kong stock market is much smaller than that of the US market.

With the escalation of geopolitical tensions between the United States and China, if all ADR stocks in China are delisted from the American stock exchange at the same time, the entire China stock market will be at risk of downward valuation.

From the perspective of capital market, compared with Tucki and Weilai Automobile, Krypton has not been listed in Hong Kong for the second time, and its investors are at risk of delisting. Even if we return to the Hong Kong stock market, not to mention that the valuation is greatly discounted compared with the US stock market, mainly because Geely Automobile itself is also listed on the Hong Kong stock market, and re-listing will form horizontal competition. If you can’t go public twice, then delisting is a better choice.

To reach the top in 2017, it is necessary to benchmark the Volkswagen Group and make a global layout.

In 2010, Geely bought Volvo Cars for US$ 1.8 billion (about RMB 10.8 billion). For Geely, whose revenue at that time was only RMB 20 billion, the market described it as "snake swallowing elephant".

Volvo cars have brought thoroughly remoulded changes to Geely, and Volvo has made Geely really understand what automobile product development is all about. Subsequently, CMA, the modular architecture of mid-level cars, was introduced, and based on this, the new brand "Lingke" was launched, and Geely began to gradually get rid of the image of low-priced and cheap cars.

In 2017, Geely won the first place in the sales of self-owned brand car companies in China.

In 2017, Geely won the first place in the sales of China’s own brand car companies.

2020 "blue operation failed" 2021 began a new version of "blue operation": the birth of krypton.

Before 2020, Li Shufu recognized that electrification was the future trend, but did not think that it would immediately have a subversive and destructive impact on the industry.

Until the arrival of the epidemic, the country put forward the goal of "peak carbon dioxide emissions, carbon neutral", and Tesla achieved its first profit after its establishment. BYD has been deeply involved in the battery industry for many years, and once it ushered in a big outbreak, Geely also acquired traditional car companies around the world. Li Shufu’s misjudgment made Geely completely backward.

In 2021, Geely began to deploy a new version of the "Blue Plan". On the one hand, it established a new brand of electric vehicles, on the other hand, it did not give up the internal combustion engine and continued to study new power vehicles such as hybrid and extended range.

Krypton was established under this background.

In March, 2021, Krypton set up its own sub-brand independently from the interior of Lectra, focusing on the development of more than 300,000 high-end pure electric vehicles.

In 2023, Lectra announced that it would no longer produce fuel vehicles, and comprehensively transform new energy vehicles such as pure electricity and extended range, focusing on 200,000-300,000 vehicles.

In February 2023, Geely launched the new energy brand "Yinhe", and in 2024, it incorporated the geometry series, focusing on the low-end new energy market below 200,000.

In 2024, it was proposed that brands were too scattered, and inter-brand collaboration should be achieved.

Compared with BYD, the brands of Geely Holding Group are too scattered, and there is no single brand or model strong enough to compete with BYD. In January 2024, Geely first proposed to achieve synergy among many brands.

However, Geely’s internal brands have different origins and complex equity, which is fundamentally different from BYD and more difficult to coordinate. Coupled with the rising political risks in overseas markets, it has brought difficulties in operation and management. After Volvo’s acquisition for more than ten years, there are still internal communication problems. Geely began to sell the shares of its invested companies and shrink its layout.

In September 2024, the Taizhou Declaration was issued. Li Shufu mentioned that the Group should shift from strategic expansion to strategic focus and integration, shut down and transfer some businesses, adhere to steady operation and stop blindly expanding.

Summary and outlook

From the perspective of capital market, the refinancing space of Krypton in the US stock market with deteriorating environment is shrinking, and because Geely Automobile has been listed in Hong Kong, it is impossible to go to Hong Kong for a second listing, so delisting is a better choice.

From the internal strategy of the Group, the current sales performance of Krypton has not reached the target set at the time of listing. In the first quarter, it achieved the annual target of 12.18%, and Linke has achieved 19%. In addition, the debt ratio of Krypton is extremely high. Although the loss has narrowed, there is still a loss of 5.79 billion. In the fierce market competition, Li Shufu may hope to return to Geely as soon as possible, integrate resources and improve synergy.

The above may be several reasons for this sudden acquisition for reference and discussion. (car home graphic Wu Peizhe)

　　"The suspect in the murder case of humiliating his mother in Shandong was acquitted in court", "The central government decided to plan four global cities and eleven central cities" and "China smashed Korean cars to vent their anger" …

　　In March, all kinds of news and rumors took the opportunity to fish in troubled waters and confuse people because of the hot events such as the "mother-humiliating murder case in Shandong", rising house prices in many cities across the country and the deployment of Sadr weapons in South Korea. China Internet Illegal and Bad Information Reporting Center will sort out the ten most negative rumors in March for you to set the record straight.

　　Proverbs 1: Stay away from vaccines for the sake of children’s health.

　　At the beginning of March, a WeChat WeChat official account named "Pay Attention to Vaccine Safety" caused widespread concern. The public number scorned that "vaccines are toxic, and all vaccines, including rabies vaccine, can’t be vaccinated. All vaccines are made up by experts to deceive people, in order to make money", and called on parents to "stay away from vaccines for the health of their children".

????Truth:State Food and Drug Administration explained: Vaccine is a active immunity preparation made of pathogenic microorganisms and their metabolites by artificial attenuation, inactivation or genetic engineering to prevent infectious diseases. When the body comes into contact with this harmless pathogen, the immune system will produce certain protective substances; When the body comes into contact with this pathogen again, the immune system of the body will follow its original memory and make more protective substances to prevent the damage of the pathogen. Vaccine makes people turn passive into active when facing the threat of infectious diseases for the first time, which plays an irreplaceable role in reducing mortality and improving life expectancy per capita, and has a great impact on protecting human health. At present, illegal WeChat public accounts related to rumors and spreading rumors have been dealt with by law enforcement agencies according to law.

????Proverbs 2: The suspect in "Shandong’s mother-humiliating murder case" was acquitted in court.

　　On March 29th, Yu Huan, a suspect in the "murder case of humiliating mother in Shandong", which caused a sensation in the whole country, was found guilty of self-defense on March 29th, and was acquitted in court. The rumor was accompanied by a screenshot of CCTV news channel.

????Truth:Weibo, the official of Jiangsu Internet Police, denied that the Shandong Provincial High Court accepted the second trial of Yu Huan’s intentional injury case on March 24, and on March 28, informed the defenders and litigation agents of both parties to consult the case file. At present, the results of the second trial have not been announced, and the news of "acquittal" on the Internet is not true.

　　Proverb 3: Holding the one-child card can get a reward of 6,000 yuan.

　　In mid-March, the news that "you can get 6000 yuan with the Glory Certificate of Only Child Parents" spread widely all over the country. According to the article, if the parents of the only child retire according to the provisions of the basic old-age insurance for enterprise employees, each person can receive a one-time retirement subsidy of 2,000 yuan, and the parents add up to 6,000 yuan.

????Truth:Many local health planning committees have refuted this information, saying that the document is false and reminding the general public that the information about family planning policies should be based on the news released by the official channels of local health planning committees or the reports of local authoritative media.

????Myth 4: The latest traffic law will be implemented on April 1, 2017.

　　In mid-March, the WeChat circle of friends spread a message that "the new traffic law was implemented on April 1", and the message was called "urgent notice! The latest notice on April 1 ST, the latest notice on the expressway on April 1 ST, if you don’t look at it, you will lose a lot! "

????Truth:After verification by the traffic police department, the "new traffic regulations on April 1" is completely rumor information. Please do not believe in rumors, rumors or rumors.

　　Proverbs 5: A liquefied gas station in Suqian exploded, causing many deaths and injuries.

　　On the evening of March 26, a liquefied gas station in Suqian exploded, and the scene was full of fire, causing many deaths.

????Truth:On the morning of March 27th, Yanghe police issued a notice saying that at 22 o’clock on March 26th, a fire broke out in a warehouse of Yanghe Printing Factory. The scene was accompanied by flashover, not an explosion of liquefied gas station, and the cause of the fire was under investigation.

　　Myth 6: Magnetic stripe bank cards will be deactivated.

　　On March 22nd, a message "This kind of bank card can’t be used in more than one month" flashed on social media. The message said that from May 1st this year, the bank will completely close the magnetic stripe transaction of the chip magnetic stripe composite card. It is suggested to replace the magnetic stripe card with a chip card as soon as possible. Many netizens have paid attention to it. Will the magnetic stripe card be stopped?

????Truth:On May 1st, the magnetic stripe function of "magnetic stripe+chip card" was stopped, and the chip function can still be used normally. At the same time, this does not affect the normal use of the "single magnetic stripe" card. The so-called "it can no longer be used" is purely misinformation. Because the chip is more difficult to copy than the magnetic stripe, it can reduce the risk of "the card is not stolen". It is suggested that netizens go to the card issuing bank to change the card. If they want to use the previous bank card number, they can ask for "changing the card without changing the number".

　　Rumor 7: The central government has made great benefits to the Regulations on Pension and Preferential Treatment for Veterans.

　　At the beginning of March, a circle of friends madly circulated an article entitled "Regulations on Pension and Preferential Treatment for Veterans from the Central Government". Are there any veterans in your family? The post is accompanied by a screenshot of CCTV’s News Network, with the words "the State Council-Central Military Commission approves the reform and improvement of the retirement pension insurance system for military personnel".

　　Truth:Weibo, the official of Hubei Internet Police, denied that this is a fake news from unknown sources, and the state has never issued the Regulations on Pension and Preferential Treatment for Veterans. At present, China is implementing the Regulations on Pension and Preferential Treatment for Soldiers promulgated by the State Council and the Central Military Commission, which came into effect on August 1, 2011. Relevant policies on pensions and preferential treatment for servicemen are subject to the Regulations on Pensions and Preferential Treatment for Servicemen.

????Proverbs 8: The central government has determined the planning of 4 global cities and 11 central cities.

　　On March 22nd, Phoenix.com published a report entitled "It’s finally settled: 4 global cities and 11 central cities are determined by the central government", saying that the battle for national central cities has finally come to an end, and Beijing, Guangzhou, Shanghai and Shenzhen are positioned as "global cities"; Eleven cities, including Tianjin, Qingdao and Hangzhou, won the title of "Central City", which represents the country’s affirmation and future planning for the development of these cities.

????Truth:A spokesman for the Ministry of Housing and Urban-Rural Development said that the report was groundless and purely untrue. At present, China Urban Planning and Design Institute is studying and compiling the National Urban System Plan, which has not been reported to the Ministry of Housing and Urban-Rural Development, and there is no reference to "4 global cities and 11 central cities" in the planning scheme.

????Proverb 9: China smashed Korean cars for "venting anger"

　　On March 2nd, a Weibo account broke the news that a Korean car was smashed near a Lotte Department Store in Qidong, Jiangsu, when someone pulled a banner to boycott the supermarket. There are several pictures of "smashed cars" attached to the Weibo. Among them, two Korean cars, one black and one red, were damaged and graffiti, and the pictures were "true", coupled with the forwarding of individual network V, which made a large number of netizens believe it.

????Truth:As the incident fermented, the local police quickly intervened in the investigation. On the evening of March 2, Nantong Qidong Public Security Bureau issued a notice saying that after investigation, the two rumored "smashing cars" incidents have not been found to be related to boycotting Lotte. Please don’t believe the rumors. The police will resolutely investigate and deal with all kinds of illegal crimes according to law. Later, the blogger who "broke the news" quickly felt guilty. According to the blogger’s statement, "smashing the car" was not seen with his own eyes and was not strictly verified. In other words, there is not enough evidence to prove that these two car smashing incidents are related to the people’s boycott of Lotte.

????Proverbs 10: "Don’t want spinach in vegetable fields", 13 acres of spinach of Henan old farmers have been hollowed out.

　　On March 23, a video of "grabbing vegetables" went crazy in the WeChat circle of friends of Jiyuan citizens in Henan Province. In the 10-second video, a large piece of green spinach field flashed by, and a female voice said in a strong Jiyuan dialect: "The spinach in the spinach field at the east end of Jiuwu Village is gone. Who wants to hurry up tomorrow morning?" On the same day, a large number of people came to dig spinach in the vegetable field, and 13 acres of spinach were robbed.

????Truth:This 13-mu vegetable field was contracted by Mr. Sun, a vegetable farmer in Jiuwu Village, Kejing Town, Jiyuan City, Henan Province. Mr. Sun later clarified that he didn’t want these spinach, and he didn’t know who sent the video of "grabbing vegetables". When a large number of people came to grab the spinach, Mr. Sun’s family tried their best to stop it and explain it, but it didn’t work at all. 13 acres of spinach were robbed. These people were all bewitched by the video of "grabbing vegetables". Without carefully distinguishing the authenticity and verifying it, they rushed to grab vegetables, causing Mr. Sun to suffer economic losses. The police in Jiyuan City said that they are currently investigating the case.

　　Netizens are welcome to actively report harmful information on the Internet.

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　　The picture shows a pond photographed in the chemical park of Yanweigang Town, Lianyungang, Jiangsu Province on March 30, 2018. The pond water and beach separated from the sea by a dike are "colorful". Reporter Li Xiangshe

　　Recently, chemical parks in Yancheng, Lianyungang and other places in Jiangsu Province have exposed environmental pollution problems one after another, which has aroused widespread concern in society. A reporter from the Economic Information Daily recently visited a number of Lingang Chemical Industry Zones in Jiangsu Province and found that although the ecological environment has improved, the surrounding ecological environment is still fragile due to too many ecological debts. The leading group of joint investigation in Jiangsu province and city found that some enterprises even dug 30 meters to secretly bury underground pipes to discharge pollutants, causing ecological and environmental problems such as water source and soil. Experts called for an iron fist for future governance, and it is urgent to jump out of the cycle of "remediation as soon as a problem occurs, and remediation after another problem".

　　Scene: disturbing smell

　　Recently, reporters from the Economic Information Daily have visited Binhai, Funing Aoyang, Xiangshui Chemical Industry Park in Yancheng City, Jiangsu Province and Duigou Chemical Industry Park in guannan county City, Lianyungang City. They can smell the smell of chemicals several kilometers away, and the smell of apples and rotten eggs comes into their noses from time to time.

　　"Especially in rainy days and at night, the smell of chemical plants is so strong that sometimes doors and windows can be smelled when they are closed." Some people around Funing Aoyang Chemical Industry Park reflected. "Even if most chemical enterprises are shut down, the smell of overhaul is still unbearable, which shows that the whole process control level was not in place when the chemical enterprises were built." A staff member in charge of environmental protection of Funing High-tech Zone Management Committee said.

　　Besides air, the problem of water is also worrying. The reporter found that around the Lingang Industrial Zone in Guanyun County, Jiangsu Province, the pond water and beach separated from the sea by a dike are colorful; In Funing Aoyang Industrial Park, a sewage ditch in front of pesticide plant, the smell of chemicals is pungent and disgusting.

　　The reporter of Economic Information Daily went deep into Jiangsu Shengshi Chemical Co., Ltd. in Lingang Industrial Zone of Guanyun County, Jiangsu Province, and found that although the company had stopped production and there was no one in the factory, it still smelled pungent. The iron big warehouse in the factory area is rusty. The reporter saw through the crack that there are still bags of things in it. The soil near the iron warehouse is slightly green, and there are many sewage with unknown composition and black color in the pool behind the factory area.

　　The reporter then went to Sanbaigong Village, which is just across the river from the Lingang Industrial Zone in Guanyun County.

　　Jiang Shunyou, a 56-year-old villager, told the reporter that in the past, as long as it was windy, the smell of the surrounding chemical plants would float to the village, which was more pungent. At that time, as soon as they entered the city, others could smell their peculiar smell. Villager Zhuang Guimei reported that the air in the village was very poor in the past, especially at night, and he was afraid to open the window. Moreover, the wind direction is different, and the smell of chemicals blown is also different. However, "in recent years, many chemical plants around have been closed, and the smell is much smaller."

　　Jiang Yufeng and other villagers told reporters that from 2011 to 2016, chemical plants started to discharge more pollutants, and the smell was more serious. In foggy days and rainy days, some chemicals would land on farmland, crops would not grow, and grain output was relatively low. In the past two years, the air quality has improved a lot and the crops are growing well.

　　At the dock of Yanwei Port adjacent to the port industrial zone, the reporter saw that there were similar oily suspended substances flowing on the sea surface, and some construction waste and waste steel were scattered near the port, which was rather messy. Shan Lianye, a 54-year-old fisherman, told reporters that the pollution in the port was serious more than two years ago, and sometimes a blood-red pollution zone could be seen on the water surface. The fish and shrimp caught in those years also had an odor and dared not eat it. In the last two years, the surrounding chemical plants have been shut down a lot, and the environment has improved a little.

　　Investigation: thrilling stealing

　　In order to thoroughly investigate the environmental pollution problems of three chemical industrial parks in Guanhekou, Jiangsu established a provincial and municipal joint investigation leading group, which consists of a comprehensive coordination group and three special investigation teams, including environmental violations, planning and layout, elimination of backward production capacity, and performance supervision, to carry out special investigations. Since the end of April, all special investigation teams have been stationed in Guanyun, Guannan and Xiangshui chemical parks to formulate investigation plans.

　　With regard to the problem of gas odor, the environmental protection departments of cities and counties in Jiangsu Province jointly inspected 41 chemical enterprises in the "Liangguan" Chemical Park one by one, and promptly put on record and investigated the suspected environmental violations of 12 enterprises including Tengyu Chemical in Guanyun County and Vigris Chemical in guannan county. Lianyungang Environmental Protection Department deployed the city’s environmental law enforcement forces, and divided them into six groups to carry out a "carpet" environmental inspection of enterprises in Guanyun County and guannan county Chemical Industry Park. At present, 8 enterprises have been inspected, and 6 suspected environmental violations of 5 enterprises are being investigated and handled. After preliminary investigation, the following problems are mainly found:

　　First, the problem of stealing buried pipes still exists. For the problem of concealed pipes, the governments of Guanyun County and guannan county called more than 20 excavators and pipe jacking detection devices to investigate around the clock. After investigation, a concealed pipe was found 3 kilometers near the estuary of Yihe River in Guanyun County. After the reverse tracking of the pipe and the sampling analysis of water samples and nearby soil, Lianyungang Yongrun Chemical Co., Ltd. was locked up. At present, the public security department has taken control measures against three responsible persons of the enterprise, and the county government has also ordered the enterprise to close down.

　　"After we found the concealed pipe, we tracked it all the way to the sewage pool of Yongrun Chemical Co., Ltd., which is 3 kilometers away. The whole concealed pipe was U-shaped, with the deepest point of 30 meters and the caliber of 110 mm." A staff member of Lingang Branch of Guanyun County Environmental Supervision Bureau introduced.

　　Second, there are still multiple problems in drinking well water, farmland water and pond water. Xu Yong, an accountant in Sanbaigong Village, told the reporter that before the tap water was connected to the village in November 2017, the villagers relied on two deep wells for drinking water. The water quality analysis results of Lianyungang Environmental Monitoring Center Station on April 19th showed that the ammonia nitrogen index of one of the wells in the village was slightly higher than the standard. Zhuang Guimei, who runs a supermarket in the village, told reporters that although the well water in the village can be drunk, some villagers did not dare to drink it because they were worried about the pollution of the well water.

　　The reporter’s investigation also found that in the cement sewer of Sanbaigong Village, the sewage was mixed with garbage, with a black color and a foul smell, which needed to be rectified urgently. Some ditches in farmland are mostly stagnant water, which is not connected with each other. The water surface is yellow and black, and some pesticide packages and bottle caps are scattered along the ditches. Lianyungang environmental protection department also sampled and tested two farmland ditches in Sanbaigong Village, and the permanganate index was high. The permanganate index of the water sample in the north-south junction ditch between Sanbaigong Village and Yannan Farm is as high as 19.6, which far exceeds the environmental quality standard of Class V surface water.

　　Third, soil pollution in some areas is worrying. In a farmland in Sanbaigong Village, the reporter found that the surrounding crops are growing well, and only one inch of grass is barren in the middle, which is very strange. The local village cadres explained that crops could not grow because of the low-lying saline-alkali land, but the reporter found that the surrounding areas where crops grew were almost the same terrain, which was difficult to establish. At present, the local environmental protection department has sampled and analyzed the soil there.

　　Action: Strict law enforcement.

　　In view of the serious damage to the ecological environment in Binhai County, Dafeng District, Xiangshui County of Yancheng City, Guanyun County of Lianyungang City, guannan county City and Dainan Town of xinghua city, in late April, Jiangsu Provincial Environmental Protection Department successively implemented a six-month regional approval restriction for the above six areas. During the period, the examination and approval of environmental impact assessment documents of all construction projects except environmental protection infrastructure projects and people’s livelihood projects will be suspended.

　　Aiming at the areas along the Yangtze River where chemical enterprises are also highly concentrated, Jiangsu Province has launched a special campaign of joint enforcement of environmental protection in eight cities along the Yangtze River, which combines cross-checking with provincial supervision.

　　The one-month joint law enforcement campaign mainly targeted at stationary pollution sources in Nanjing, Wuxi, Changzhou, Suzhou, Nantong, Yangzhou, Zhenjiang, Taizhou and counties (cities, districts) under its jurisdiction, focusing on key parks and enterprises in eight cities along the Yangtze River with strong public reaction, prominent media attention, serious pollution discharge and lagging progress in remediation. The inspection team is composed of the environmental protection departments and public security organs of eight cities along the Yangtze River who are responsible for selecting the business backbones in their respective jurisdictions.

　　Chen Zhipeng, member of the party group and deputy director of Jiangsu Provincial Environmental Protection Department, bluntly said that the areas along the Yangtze River in Jiangsu are densely populated and densely populated, and the resources and environment have been in a tight state. "About two-thirds of the province’s heavy chemical production capacity is concentrated along the banks of the Yangtze River, and the total wastewater discharge of the eight cities along the Yangtze River accounts for 74% of the province. Although law enforcement has been continuously strengthened in recent years and environmental crimes have been severely cracked down, illegal cases are still high. "

　　"Since last year, the province’s public security organs have investigated and dealt with 534 criminal cases of environmental pollution, including more than 400 cases in 8 cities along the Yangtze River, accounting for more than 70%, showing new characteristics such as more concealed crime methods, more complicated crime chains and more prominent cross-regional crimes." Shang Jianrong, deputy secretary and deputy director of the Party Committee of Jiangsu Provincial Public Security Department, said that this joint law enforcement special action will combine end-to-end attack with front-end governance, macro-judgment with case analysis, and crack down on pollution crimes in the whole chain and all links, so as to clear the source, break the chain and remove the roots.

　　According to the information released by Jiangsu Provincial Environmental Protection Department recently, all inspection teams have been put in place and a number of environmental pollution problems have been discovered one after another. Among them, the sixth inspection team composed of Nantong environmental monitoring and public security personnel found that a stainless steel production enterprise in Zhangjiagang City had a concealed pipe leading directly to the river, and the end of the concealed pipe was connected with the storage tank of blackening process washing wastewater (hazardous solid waste). At the same time, similar waste liquid was dumped in the farmland behind the factory. Subsequently, the local police intervened in advance, and after locking the evidence, they will quickly file a case for investigation according to the law.

　　During the on-site inspection of a hot dip galvanizing plant in Yangzhou, Nanjing Group found that the farmland soil on the west side of the plant was strongly acidic, which was consistent with the acidity of the waste liquid in the waste liquid barrel in the plant, and it was suspected of stealing waste liquid. The monitoring personnel further compared and analyzed the soil and waste liquid samples. The inspectors also found that the company’s acid mist tower was strongly acidic and did not add lye for absorption, which was suspected that the facility was not operating normally.

　　"The purpose of the special action is very clear, that is, to attack the environmental problems that have been strongly reflected by the masses and have not been solved for a long time, to break down regional protection, to prevent human law enforcement and pollution, to crack down on environmental violations, to safeguard the interests of the masses, and to protect the ecological security of the Yangtze River." Ding Nianlong, head of Nantong Group, said. (Reporter Lu Huadong and Qin Huajiang)