Globalization of woodworking machinery industry: German and Italian brands account for about 45% of the world.

　　In the international woodworking machinery manufacturing industry, most of the production capacity is concentrated in a few countries such as Germany and Italy.In 2015, the total output value of woodworking machinery in Germany and Italy accounted for about 45% of the world. presentGerman, Italian and China have become the largest exporters of woodworking machinery.And gradually widen the gap with other enterprises.In terms of market competition pattern, Germany Haomai, Italy Biesse and Italy SCM Group account for 31%, 12% and 11% of the global woodworking machinery market respectively.,The advantages of large international enterprises are obvious, and the global woodworking machinery industry is relatively stable.

　　Industry demand shows a positive recovery, and global giants’ operating orders have entered a new stage of growth.

　　From the end of 2014, the industry economic index began to show positive signs, and the global woodworking machinery industry began to get out of the stagnant state after the economic crisis in 2008 and showed a rapid recovery, with North America and China markets occupying a prominent position.From the order index of Italian woodworking machinery and tools, the index in 2016 has returned to the level of 2007, especially for overseas demand, and its order index even reached a new high. What followed was that the operation of international giants entered a new stage.In Q1, 2017, German Haomai Group signed a new order of 401 million euros, a substantial increase of 64.7% year-on-year, and accumulated orders in hand of 520 million euros, the highest value in 10 years.

　　The genes for the success of overseas enterprises: innovative stand-alone products and flexible solutions that are improving day by day.

　　On the stand-alone side,Heroic constantly brings forth the old and brings forth the new, leading the industry trend.Such as a new generation of seamless (edge sealing) technology AirTec. On the other hand,Providing flexible and applicable solutions under the background of Industry 4.0 has become the most important trend in the industry.. Haomai has the whole process products from warehousing to assembly and packaging, and can provide various flexible solutions for batch serial production.In 2015, the single machine revenue accounted for 47% of the heroic revenue, and the production line and service revenue accounted for 30% and 21% respectively, and the proportion of production line and service revenue was already at a high level.

　　Domestic enterprises have made a breakthrough in single machine, and the capacity of the whole line plan has yet to be precipitated.

　　Benefiting from the recovery of domestic manufacturing industry, and at the same time, the trend of furniture customization has stimulated the willingness of enterprises to invest. Since 2016Q3, the income of domestic panel furniture machinery enterprises Hongya CNC and Nanxing Equipment has resumed high growth.From the product point of view, domestic enterprises only focus on a few processes of wood processing, such as edge sealing, cutting and drilling. Although there is a breakthrough in single machine, some products have reached the domestic substitution level, but there is still a great room for improvement from the international whole line provision scheme.

　　Investment advice:At present, the global woodworking machinery industry shows a positive recovery, and the domestic market is growing strongly under the catalysis of the trend of customized furniture. Hongya CNC and Nanxing Equipment are the first-line customized furniture equipment enterprises in China. We suggest focusing on domestic leading companies with core advantages in key equipment.

　　Risk warning:The macro environment, especially real estate investment, is uncertain; The competitive pressure brought by increasing domestic investment by multinational enterprises; Technology research and development is less than expected; The intensification of industry competition has led to a decline in gross profit margin.

　　One,Viewing woodworking machinery industry from the perspective of globalization

　　1.1 product structure: the trend of panel furniture is improving for a long time.

　　On the meaning of woodworking machinery.According to the different product forms from forest trees to furniture production, machinery and equipment can be divided into forestry machinery, woodworking and wood-based panel machinery and furniture machinery. In a narrow sense, forestry machinery refers to machinery used for afforestation (including afforestation, afforestation and forest protection), wood cutting and forestry lifting and conveying; Wood-based panel machinery refers to the machinery that rotates logs into veneers with a rotary cutting machine, and then glues and presses the veneers perpendicular to each other in the fiber direction to form wood-based panels; Furniture machinery refers to machinery for making furniture products, which can be divided into solid wood furniture machinery, panel furniture machinery, bamboo and rattan furniture machinery and non-wood furniture machinery according to furniture materials.

　　In the world, furniture machinery, wood processing machinery and wood processing machinery are usually included in woodworking machinery, excluding wood-based panel machinery and forestry machinery. For example, in Italy and Taiwan Province, the output value and export value of woodworking machinery usually refer to the statistics according to this classification. However, woodworking machinery in China usually incorporates wood-based panel machinery and forestry machinery into statistics. The woodworking machinery mentioned in this paper refers to the former, that is, it does not include wood-based panel machinery and forestry machinery.

　　Long-term trend of panel furniture.Panel furniture refers to assembled furniture with wood-based panels as the main substrate and panels as the basic structure. Common artificial boards include plywood, particleboard, medium density and high density fiberboard. When Heidegger invented steel hinges, wood-based panels and wood-based panel facing technology more than 50 years ago, panel furniture was recognized by consumers by virtue of its stable quality, individuality, high efficiency and low cost, and created a "panel era" in the history of world furniture. China’s furniture industry has introduced panel furniture for more than 20 years. At present, panel furniture has occupied half of China’s furniture consumption. At the same time, the vigorous development of panel furniture has promoted China’s development to a world-class furniture manufacturing country and exporting country.

　　The global output of sawn timber and logs has been basically stable at 1000 million m in the past 35 years. 3; Fluctuating up and down horizontally; In contrast, the output of wood-based panels has maintained a continuous growth, and has basically maintained an annual growth level of 5%~10% since 2000. In 2015, the global output of wood-based panels was 582.8 million m? 3; , reaching 52% of sawn timber log output. The long-term continuous growth of wood-based panel output reflects the long-term improvement of panel furniture trend.

　　According to Acimall data of Italian woodworking machinery and tool manufacturers association, in 2015, the output value of Italian woodworking machinery was 1.864 billion euros, accounting for 18% of the global output value of woodworking machinery, which calculated that the annual market size of global woodworking machinery was about 10 billion euros. In the international woodworking machinery manufacturing industry, Germany and Italy are in the leading position in the global market. According to Intracen data, in the European woodworking machinery market in 2015, German and Italian woodworking machinery accounted for 45% and 30% respectively. According to the European woodworking machinery market accounting for 60% of the world, the total output value of woodworking machinery in Germany and Italy accounts for 45% of the world.

　　At present, the supply center of woodworking machinery in the world is constantly tilting towards German, Italian and China.German and Italian woodworking machinery are in the leading position in the world in terms of output value and technology, and most of their products are exported. In 2015, 76% of the annual output value of Italian woodworking machinery was exported. However, China’s woodworking machinery industry is also expanding in scale, and the technology is also breaking through in the subdivision field, narrowing the gap with developed countries. In recent years, German, Italian and China have gradually widened the gap with their main competitors such as Taiwan Province, Austria and the United States. In 2015, the export value of German, Italian and China woodworking machinery was 1,899,1,329 and 1,301 million euros respectively, accounting for about 45% of the global woodworking machinery output value.

　　European woodworking machinery is mainly exported to America and Asia. In 2015, European woodworking machinery exports to America and Asia accounted for 12.6% and 13.3% of the total output value respectively. The United States and China are all important consumers. For example, in 2015, Italy exported woodworking machinery to the United States, accounting for 10.55% of the total output value, up 52% year-on-year; Most of the high-end market of panel furniture machinery in China is occupied by overseas enterprises.

　　The prosperity of the downstream furniture industry has rebounded and the willingness to invest has increased.The main downstream of woodworking machinery is in the furniture industry, and the overall prosperity of the furniture industry will affect the willingness of enterprises to invest and directly determine the demand for equipment. On the whole, after the financial crisis in 2008 led to a sharp decline in demand, the furniture industry boom is moderately picking up. However, it was not until 2014-2015 that the overall furniture industry showed a relatively positive signal after several years of recovery. The United States is one of the largest furniture consumers in the world. From the perspective of its retail furniture sales, the retail furniture sales began to show a straight-line recovery in 2009, and after 10 years, the sales returned to the level of 2007. According to the enterprise prosperity of IFO German furniture production industry, after a short recovery in 2011-2012, the German furniture industry was still in a relatively low state in 2013-2014. Until the second half of 2014, the industry prosperity index showed a strong recovery momentum, and the current German furniture industry prosperity still maintained a good prosperity.

　　Woodworking machinery industry shows positive recovery.. Due to the globalization of woodworking machinery industry, its overall demand is mainly affected by global macro-economy. Along with the boom of the downstream furniture industry, its investment will continue to strengthen, thus releasing the demand for woodworking machinery. According to the Italian woodworking machinery and tool order index of Acimall, the Italian woodworking machinery and tool manufacturers association, the global woodworking machinery is showing a positive recovery. In 2007, the output value of Italian woodworking machinery and tools was close to 2.2 billion euros, the highest value in the past ten years. Directly affected by the economic crisis in 2008, the industry output value fell by nearly 40% in 2008. After experiencing a normal rebound in 2010, it was basically in a long-term stagnation in 2011-2014, and the traditional mature market demand did not keep up with the industry capacity. Until the second half of 2014 or 2015, economic indicators began to show positive signs, and domestic and foreign demand began to grow. From the order index of Italian woodworking machinery and tools, the index in 2016 has returned to the level in 2007, especially for overseas demand, and its order index even reached a new high.

　　From the perspective of the output value of Italian woodworking machinery industry, it reached a sustained and rapid growth of 8.4%, 11.4% and 9.9% respectively in 2014-2016. Acimall predicts that the total domestic sales of Italian woodworking machinery industry will increase by 20% in 2017, exceeding 700 million euros, influenced by the Italian government’s Industry 4.0 plan; The total output value will reach 2.2 billion euros, an increase of about 10%; The total export volume will reach 1.6 billion euros, up about 6% year-on-year. The total output value has returned to the highest level in history in 2007.

　　With the deepening trend of customized furniture, the new market has strong momentum.On the one hand, the recovery of global demand for woodworking machinery industry lies in the macroeconomic recovery of traditional mature markets, which gradually releases the equipment investment in furniture industry that was suppressed in previous years; On the other hand, in emerging markets such as China, with the vigorous development of new trends such as custom-made furniture, the urgent requirement of transformation has brought investment demand for advanced equipment, which has become a new impetus for the global woodworking machinery industry.

　　At present, the custom-made furniture industry in China is in a high development stage. From 2013 to 2016, the average income growth rate of listed custom-made furniture companies was mostly 20%~40%, and the polarization phenomenon became more and more obvious. Companies in the industry have sought to go public in order to increase equipment investment to seize the market. In 2017 alone, many industry-leading customized furniture companies, including Shangpin home delivery, Ou Pai Home, Wo Le Home, Gold Kitchen Cabinet, etc., made IPOs.

　　In the global woodworking machinery industry, leading enterprises in Germany and Italy have led the development of the industry. In terms of scale and technology, the global woodworking machinery industry is basically occupied by several large enterprises such as Germany Haomai and Italy BIESSE, and the overall pattern is relatively stable. According to the investor relations report released by Toure Group (which acquired Germany Haomai in 2014) in 2017, Germany Haomai, Italy Biesse and Italy SCM Group accounted for 31%, 12% and 11% of the global woodworking machinery market respectively. In the high-end market, several large international enterprises have a higher share.

　　2.1 Brief introduction of Germany Haomai and Italy Bias Company

　　HOMAG (Germany):German Haomai Group was founded in 1960 and listed in Germany in 2007. In 2014, the company was acquired by Duel Group. Germany Haomai is a global leader in woodworking machinery industry, currently occupying 30% of the global market share. The company has about 6,000 employees, 15 production bases, 23 sales and service subsidiaries and 60 exclusive sales partners in 7 countries around the world.

　　Haomai products cover almost a full range of products such as CNC machining center, drilling and assembly, edge processing, packaging, panel cutting and sanding. Company customers include furniture manufacturers, structural components manufacturers, wood structure housing manufacturers. In 2015, the income from furniture manufacturers accounted for 84% of the total income.

　　Haomai Group includes many brands such as Brandt, Friz, Holzma, Homag, Weeke, etc. Each brand has a clear product positioning. For example, Brandt was integrated into Haomai Group in 1976, and its superior products are edge banding machines; Friz’s superior products are in packaging technology; Holzma products are mainly panel saws, and the product portfolio includes independent saws, manual angle saws, automatic feeding and stacking systems. In 2017, Haomai Group established a brand strategy, announcing that individual brands will be included in the business unit, and Haomai is the label of all products. At the beginning, "a heroic" mainly emphasized the internal structure and wanted to create a new and powerful company organization. Now this strategy will further consider the technical platform and standardized technical standards.

　　BIESSE, Italy:BIESSE was founded in 1969 and listed on the Italian stock exchange in 2001. At present, it occupies about 12% market share in the global woodworking machinery industry. The company has 3,800 employees, 9 production bases, 37 branches and representative offices and more than 300 distributors worldwide. BIESSE mainly processes machinery and accessories for wood, glass, stone, advanced materials and metals. In 2016, BIESSE’s revenue was divided by segments, and the income of wood, glass and stone and mechatronics accounted for 72.9%, 15.5% and 14.0% respectively.

　　The development process of BIESSE Group can be roughly divided into three stages: (1) from 1969 to 2001, it was an endogenous growth stage, in which BIESSE mainly focused on the development of woodworking machinery, and later products were expanded to glass and stone machinery; (2) From 2002 to 2011, BIESSE grew mainly through internationalization and mergers and acquisitions, such as setting up overseas production bases in India, setting up Bias Switzerland in Lucern and establishing Bias Middle East in Dubai; (3) From 2012 to now, BIESSE has further expanded internationally and developed through mergers and acquisitions.

　　The growth trajectory is synchronized with the industry, and the operation has entered a new stage of growth.The income growth track of Haomai and BIESSE is in sync with the woodworking machinery industry, which can be basically divided into four stages from 2005 to now:

　　(1) From 2005 to 2007, the demand in mature markets increased. At this stage, as the main demand market of woodworking machinery in Europe, the macro-economy is in a good growth environment, which drives the demand for equipment, and the woodworking machinery industry is in a relatively stable growth.

　　(2) In 2008 -2009, the global economic crisis caused a sharp drop in demand. At this stage, affected by the economic crisis in 2008, the demand declined sharply from the second half of 2008. The order index of Italian woodworking machinery industry experienced six consecutive quarters of decline from 2008Q2, and the order index in 2009Q3 was only 40.5% of that in 2008Q1.

　　(3) In 2010 -2013, the demand was sluggish and stagnated. At this stage, the macro-economy of mature markets in Europe is in a relatively low state, and the demand in emerging markets has not significantly boosted. The woodworking machinery industry showed a normal rebound in 2010 -2011, but the demand declined immediately in 2012, and it was basically the same as the previous year in 2013.

　　(4) In 2014 -2016, mature markets rebounded moderately, and the demand potential in North America and Asia gradually emerged. At this stage, on the basis of stable demand in the European market as a whole, the demand in the United States, China and other regions showed rapid growth, thus driving the woodworking machinery industry into a new round of growth.

　　In synchronization with the growth track of the industry, the revenues of Haomai Group and BIESSE were also in a state of stagnation in 2010-2013. Until 2014, the revenues of the two companies showed obvious signs of growth. The revenue growth rate of Haomai Group reached 13.55% in 2015, and slowed down to 4.14% in 2016, mainly due to the large scale base of the company. In 2016, Haomai’s operating income reached 1,082 million euros. In 2015-2016, the revenue growth rate of BIESSE reached 21.6% and 19.3% respectively. And the company plans that the revenue growth rate in 2017-2019 will reach 9.21%, 11.24% and 9.84% respectively.

　　New orders are good.In 2016, Haomai Group signed a new order of 1,165 million euros, a year-on-year increase of 10.1%; In Q1, 2017, the newly signed orders were 401 million euros, up 64.7% year-on-year, and the accumulated orders in hand were 520 million euros, the highest value in 10 years. In 2016, BIESSE signed a new order of 507.9 million euros, a year-on-year increase of 14.7%; In 2017, the newly signed orders were 138.7 million euros, up 14.3% year-on-year, and the accumulated orders in hand were 188.5 million euros.

　　The stock price performance is in line with the performance expectation.Because the order index precedes the performance for about half a year, it is the leading indicator of the company’s performance, and its stock price performance is often synchronized with the company’s order index, reflecting the expectation of the company’s future operating results. The performance of woodworking machinery industry, Haomai and BIESSE companies began to show signs of recovery in the second half of 2014, but before the income recovered, the share prices of Haomai and BIESSE began to rise at the end of 2013.

　　Taking Haomai as an example, the company’s share price hovered at the bottom from 2009 to 2013, and since the end of 2016, the share price of Haomai has risen significantly. As of July 4, 2017, the share price of Haomai increased by 245% compared with January 2, 2008, while the DAX index in Frankfurt, Germany only increased by 57% in the same period.

　　Since 2011, Haomai’s share price has experienced two ups and two stable stages of "bottom fluctuation-up-stable-up". The change of share price trend is consistent with the inflection point of the growth rate of new signing orders. The stock price increase is often driven by the high growth of new signing orders, and after the new signing orders stabilize or decline, the stock price will slow down.

　　(1)2013Q4-2014Q4, the first stage of stock price rise. This stage began with a substantial increase of 111.2% in the new signing orders of Haomai in Q4, 2013, and the level of new signing orders in this stage rose by a step compared with that in 2011-2013. However, with the year-on-year decline of 32.6% in newly signed orders in Q4 2014, the company’s share price reached a stage high in February 2015. Since then, in 2015, the overall new signing level has been the same as that in 2014, and the share price of Haomai has been basically stable.

　　(2)2016Q3-2017Q1, the second stage of stock price rise. This stage is marked by an increase of 64.7% in newly signed orders in Q1, 2017, and the level of newly signed orders in this stage is higher than that in H1, 2014-2016.

　　Regional Market: The growth of China and North America can not be ignored.According to the current income structure of HAMA and BIESSE, Europe accounts for about 60% of the global woodworking machinery, and North America and Asia account for 20% respectively. In 2015, Central Europe, Western Europe and Eastern Europe accounted for 21%, 18% and 17% respectively, North and Central America accounted for 22% and Asia/Pacific accounted for 19%. In 2016, the proportion of BIESSE’s revenue from Western Europe, Eastern Europe, North America and Asia was 45%, 13%, 18% and 21% respectively. The income structure of the two is basically the same according to the market region.

　　The driving force for the growth of the global woodworking machinery market lies in: the demand for living space brought by the urbanization trend, the demand for personalized furniture brought by the cocoon life trend, and the scarcity of resources. As an outstanding representative of the emerging markets in the world, China market is increasingly willing to invest in more flexible and efficient production equipment with the deepening trend of customized furniture, and China market has become an important market that cannot be ignored by international large woodworking enterprises such as Haomai. According to BIESSE’s annual report, it is estimated that the global woodworking machinery market will grow at a compound annual growth rate of about 4% from 2017 to 2019. According to Inomis Database, the market size of woodworking machinery industry in China was 658 million euros in 2015, and it is predicted that the market size will increase to 923 million euros by 2020, with a compound annual growth rate of 7%.

　　For the North American market, take the United States as an example. As one of the largest consumers of furniture in the world, the retail furniture sales in the United States showed a straight-line recovery from 2009, and after 10 years, the sales returned to the level of 2007. The furniture market in North America is showing a prosperous scene under the background of macro-recovery, which has led to the positive development of wood processing equipment.

　　Haomai Group: Occupy the potential market and fully benefit from the trend of customized furniture in China.Haomai Group is a global leader in woodworking machinery, and its market share is far ahead of other enterprises. The company’s products focus on woodworking and wood processing machinery, mainly used for processing wood. No matter in mature markets or emerging markets, due to the technology, experience and scale strength accumulated by the company for a long time, when the woodworking machinery market in a certain region recovers or rises, Haomai, as a global leader, has more advantages to enjoy market growth.

　　In 2015, Haomai’s income reached 1 billion euros, and the income kept hitting new highs, but the income structure changed greatly. The proportion of income in Europe fell from 79% in 2008 to 56% in 2015; North American market revenue rose from 75% in 2008 to 22% in 2015; The proportion of revenue in Asian market rose from 9.9% to 19%. With the spread of custom-made furniture in China in recent two years, China furniture manufacturers increased their investment in equipment, and China market became the strongest part of heroic growth. At present, the proportion of revenue from Asian market will be higher.

　　In the North American market, in 2014, Haomai acquired the remaining shares of Stiles Company in the United States and completed the wholly-owned acquisition. Founded in 1965, Stiles has a market share of 35% in the United States, and is the largest enterprise providing machinery and production line distribution and services for the woodworking industry in North America. Stiles has 290 employees. In 2013, stiles earned $158 million, an increase of 22% compared with 2012. The company has been cooperating with Stiles since 1992. The completion of the wholly-owned acquisition of Stiles will further guarantee the expansion plan of Haomai in North America. In 2014, Haomai Group earned 169 million euros from the North American market, up 134% year-on-year; In 2015, North America’s revenue was 233 million euros, up 38% year-on-year.

　　In the China market, HAMA occupies a fairly high market share in the high-end market. According to the data of BIESSE Company, it is estimated that in the China market in 2015, the market size of products that BIESSE can provide is about 300 million euros, of which Haomai accounts for 100 million euros, 2.5 times that of the second place. With the development of customization in China furniture enterprises in recent two years, many large-scale customized panel furniture enterprises have increased their equipment investment, and this part of enterprises often choose to purchase equipment and services from international large enterprises such as Haomai, and Haomai has undoubtedly become the most beneficiary. On May 5, 2017, Oupai signed a contract with HAMA for about 30 million euros, with a total of 307 stand-alone equipment, including 79 panel cutting machines, 103 edge banding machines and 125 CNC machines, of which 33 were produced by HAMA’s factory in China. Including the 300 devices this time, Oupai will have more than 1,000 devices from Haomai in use.

　　BIESSE, Italy: Multi-products develop together and enjoy industry recovery.BIESSE not only provides equipment for wood processing, but also develops processing equipment for stone, glass, metal, composite materials and other new materials, including carbon fiber, foam, plastic, aluminum and titanium. With the economic recovery in recent years, the company’s various businesses have shown certain growth, but overall, the company’s woodworking machinery business has grown faster than other businesses. In 2016, BIESSE’s timber revenue, glass and stone, and mechatronics accounted for 68%, 14% and 13% respectively.

　　In terms of market share, according to BIESSE’s annual report, in 2016, BIESSE accounted for 12% in the woodworking machinery market (mainly for furniture manufacturing), 20% in the residential market (mainly for wooden buildings), 26% in the glass machinery market and 23% in the stone machinery market. In terms of market size, the current market size of woodworking machinery is about 2,700 million euros, and the potential market size is 3,500 million euros; However, the markets of glass, stone, metal and new materials are relatively small at present, and the overall growth space is relatively large.

　　Although BIESSE has been involved in many non-wood processing machinery fields, and they all occupy a certain market share. But at present, these markets are small, and the market size of wood processing machinery is more than twice that of other markets (glass, stone, metal, new materials, etc.). Moreover, in the past two years, BIESSE’s income growth rate in the woodworking machinery division is higher than other divisions. In the future, BIESSE will mainly increase its market share in the wood processing machinery market, while the income of other branches will mainly benefit from the growth of the industry.

　　From the perspective of income regions, BIESSE’s income structure has the same change as that of Haomai, that is, the proportion of European market has declined, while the proportion of North American and Asian markets has increased. In 2016, the market revenues in Europe, Asia and North America were 58%, 21% and 18% respectively. However, since 14 years, BIESSE’s revenue in Europe has resumed rapid growth. In 2016, its revenue growth in Europe, Asia and North America all exceeded 20%. In the European market, BIESSE’s revenue in this market in 2016 was 358 million euros, a year-on-year increase of 20.8%, which has exceeded the company’s revenue in Europe in 2007.

　　Whole process product layout.Whether it is heroic or BIESSE, it pursues the whole product layout in the whole process of wood processing. Taking Haomai as an example, Haomai supplies from stand-alone equipment for handicraft enterprises to a complete networked production line for highly industrialized and customized furniture production. According to the technical classification, Haomai products not only have equipment that can meet various requirements in important technological parts such as cutting, edge sealing, drilling and surface technology, but also have corresponding products in warehousing technology, sorting, assembly, packaging, automation and other technologies. The whole process equipment has become the basis for providing various automation solutions.

　　In terms of cutting technologyHaomai has various kinds of cutting saws for plates, with the protruding height of the saw blade of 58~190mm and the cutting length of 3200~6500mm. Haomai module45 sawing machine can realize oblique cutting function. Bevel cutting is a daily process in handicraft industry. Usually, this process is completed on a separate cutting disc saw after cutting. However, Haomai HPS 320 flexTec products have revolutionized the cutting technology in batch production, and can realize personalized cutting on a large scale.

　　In terms of edge sealing technologyIn 2009, Haomai launched a new generation of seamless (edge-sealing) technology, laserTec. AirTec is an efficient resource-saving solution, which can significantly improve the productivity of equipment and reduce the noise output. The core of this technology is an innovative rotary air preheater. The "seamless" technology under optics has become the quality standard in the current industry. After years of research and development, the company has launched Ambition series edge banding machine, which is based on intelligent modular system and can be customized according to customer requirements. At the same time, it can be equipped with airTec to achieve seamless edge sealing.

　　In terms of CNC technologyHaomai has a CNC machining center from small to large, and all-round CNC technology from furniture to doors and windows to the production of building components. The entry-level Venture 320 solution is used for industrial series production and laser cutting zero joint bonding, just like a high-performance portal machining center.

　　In terms of software, Haomai launched woodWOP 7 with 3D function, which is the result of years of strategic product development. In addition to a series of new functions, especially the optional CAM plug-in, it is helpful to program a new method of milling path. In addition, you can now use CAM plug-ins and software to automatically calculate the path. The latest version of woodCAD|CAM 12.0 pays more attention to user-friendliness, has a complete user interface, simplifies operation, and achieves the purpose of improving operation efficiency by improving user-friendliness. Improving the user-friendliness of products is also an aspect that Haomai pays more attention to this year.

　　Important trends in solutions.Under the background of moving towards Industry 4.0, providing solutions that can maximize production efficiency is the most important trend of customer demand in the future. Due to the high demand of customized furniture for production flexibility, the solution in the furniture industry not only includes serial production, but also the production with batch as one occupies a prominent position. Through the combination of warehousing, processing, transportation and workpiece processing, personalized network production can be realized, which can provide batch-based solutions to realize the flexibility of production of a wide range of products, and can also provide series production solutions to realize the efficiency of production. As early as 2001, Germany Haomai launched high-efficiency machines in batches, and BIESSE also transformed its previous triangular strategy of dividing customers into a dual strategy of providing integrated units and complete sets of equipment.

　　In 2015, the single machine revenue accounted for 47% of the heroic revenue, and the production line and service revenue accounted for 30% and 21% respectively, and the proportion of production line and service revenue was already at a high level. In 2016, BIESSE was classified by income, and the income of equipment, services and accessories was 83% and 17% respectively; According to the sales volume of equipment, stand-alone products account for 82% and systems account for 18%.

　　IIoT industrial internet of things.BIESSE is currently cooperating with Accenture and Microsoft on an IIOT industrial Internet of Things project to provide customers with new services and enhance the after-sales market. Based on predictive maintenance and in-depth data analysis, we provide flexible services to customers to reduce machine failures and improve production efficiency and customer satisfaction. The company plans to launch a service with 10,000 machines on the basis of successful pilot. BIESSE’s advanced IIOT function will improve its control over equipment and enhance its overall competitive advantage.

　　Haomai exhibited a brand-new digital platform "tapio" in the woodworking industry at the International Woodworking Machinery Exhibition (LIGNA) in Hanover in May 2017. tapio combined the digital products of the whole woodworking industry with hundreds of production machines and diversified materials and tools, and integrated them into an Internet of Things (IoT) platform.

　　The domestic manufacturing industry is picking up, and the trend of furniture customization stimulates enterprises to demand more flexible automatic production lines. Since 2016Q3, the income of domestic panel furniture machinery enterprises Hongya CNC and Nanxing Equipment has resumed high growth. In Q1 2017, Hongya CNC’s operating income was 188.89 million yuan, up 83.3% year-on-year. Nanxing Equipment released the semi-annual performance forecast, and it is estimated that the company’s net profit attributable to shareholders of listed companies in 2017H1 is 36.27 ~ 45.34 million yuan, up 60%~80% year-on-year.

　　At present, domestic enterprises often only focus on some areas of woodworking machinery, such as solid wood furniture machinery and panel furniture machinery. In a certain field, it is only mechanical equipment dedicated to a part of the process. For example, Hongya CNC and Nanxing Equipment, the leading domestic panel furniture machinery, mainly provide the most important edge banding machines, panel saws and multi-row drills in panel furniture production, and have also made some progress in machining centers. In terms of automation solutions, large international enterprises such as Haomai can provide automation solutions for the whole process from warehousing to assembly and packaging, and domestic enterprises gradually provide complete production lines with automatic feeding machines, but they can only be regarded as part of the whole line provided by international enterprises. There is still a big gap between domestic enterprises and international leading enterprises in terms of solutions.

　　On the stand-alone side, such as Hongya CNC, its advantage products are rich in types of edge banding machines, and at the same time, its product performance is constantly improving, and some products have reached the level of import substitution. Compared with foreign enterprises, domestic enterprises have certain advantages in product cost performance and applicability.

　　Investment advice:At present, the global woodworking machinery industry shows a positive recovery, and the domestic market has a strong growth momentum under the catalysis of the trend of customized furniture. The domestic first-line equipment enterprises include Hongya CNC and Nanxing Equipment. It is suggested to focus on leading companies with core advantages in key equipment.

　　Risk extractionshow：The macro environment, especially real estate investment, is uncertain; The competitive pressure brought by increasing domestic investment by multinational enterprises; Technology research and development is less than expected; The intensification of industry competition has led to a decline in gross profit margin.

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　　[XCAR Aika Research Institute original]

　　In China’s automobile market, if a new car can attract people’s attention in a short time, it must be better than other competing products in some aspects, or the price is particularly strong. Recently, there is a car that is quite hot. He is the MG 6 produced by SAIC. The first reason is that it has many excellent industrial designs in appearance, the second is that it has an acceleration time of 0-100km/h of about 7s, and the third is that the starting price is less than 100,000 yuan (96,800 yuan). It can be said that MG 6 is one of the few vehicles with an acceleration time of 0-100km/h close to 7s within 100,000.

　　Let’s take a look at its hardware parameters: the whole system comes standard with a 1.5T small-displacement turbocharged engine code-named SGE, which can match a 6-speed manual or 7-speed DCT gearbox. The maximum output power of the engine is 124kW(169Ps)/1700-4300rpm, and the maximum output torque is 250Nm/1700-4300rpm. In the field of daily family cars, generally, we judge whether the power of a car is good or not. First, we will look at its torque, because the correlation between torque and acceleration feeling is the most direct. This four-cylinder engine with a displacement of 1.5L can produce a maximum torque of 250Nm, and the data performance is very good. In the domestic naturally aspirated engine camp, it is very good that the torque can reach 100Nm/L, and this small displacement engine has achieved a torque output of 250Nm with a displacement of 1.5L L.

　

　　When the new generation Civic was just listed in China, there was an upsurge, mainly because of its 7s acceleration time of 0-100km/h, and this upsurge still has no intention of fading. From the table above, the dynamic parameters of MG 6 are better than those of Honda Civic 1.5T and Angkor Sela 2.0L. This is indeed a very big leap for SAIC in terms of powertrain. In order to find out where this engine is, we came to SAIC to find out by disassembling it.

Cylinder head integrated exhaust manifold

　　After the cylinder head is integrated with the exhaust manifold, a part of the "traditional" exhaust manifold is hidden inside the cylinder head, and the internal water channels are staggered with the high-temperature exhaust manifold. At the cold stage when the engine is just started, the high-temperature gas (200-300℃) discharged from the engine can raise the temperature of the coolant in the water channel as soon as possible. This can reduce the warm-up time of the engine, make the engine enter the normal working temperature in the shortest possible time, and reduce the fuel consumption.

Double VVT variable timing of intake and exhaust

In-cylinder direct injection+center injector

　　In-cylinder direct injection of gasoline engine evolved from diesel engine. It abandoned the traditional port injection of gasoline engine and adopted in-cylinder direct injection, and moved the fuel nozzle from the port into the combustion chamber, which enabled gasoline to burn more fully, improved fuel efficiency, and further improved power and reduced fuel consumption.

Variable displacement oil pump

　　Editor’s comment:Judging from various indicators, the powertrain of the 1.5T turbocharged engine +6MT/7DCT mounted on MG 6 has completely entered the current mainstream performance echelon, and there is no problem with EA211 of Standard Civic and Volkswagen. Our previous measured acceleration time of 0-100km/h for the manual version is only 6.68s, and within the price budget of 100,000, we can hardly find such a powerful vehicle. A few years ago, MG and Roewe, two brands owned by SAIC, made great efforts in vehicle appearance. Recently, several models listed on the market have extremely high values. Now, through the research and development of powertrain, it has brought us such excellent power. Facing the increasingly fierce competition in the China market, all families have to come up with some "dry goods", and the progress of SAIC is obvious to all. Bless it, and hope it can bring more affordable and excellent new models to our consumers.

　　On December 13th, the organizing committee of Guangzhou International Automobile Exhibition announced that in order to promote the smooth operation of the economy, boost industry confidence, stimulate consumption and accelerate the resumption of work and production, the 20th Guangzhou International Automobile Exhibition in 2022 will be resumed from December 30th, 2022 to January 8th, 2023 on the premise of improving service quality, perfecting safeguard measures and refining emergency plans in multiple scenarios.

　　Behind the resumption of this "Guangzhou Auto Show", a positive signal is revealed: Guangzhou’s automobile consumption is expected to pick up further. As the first international A-class auto show held after the release of the "New Ten Articles on Epidemic Prevention and Control", this Guangzhou auto show is of great significance, which will greatly boost industry confidence, stimulate automobile consumption in Guangzhou and help Guangzhou’s economy rebound.

　　Last year, the 19th Guangzhou Auto Show reached 220,000 square meters, with 54 first cars and 24 new energy vehicles in the world, with a total of 1,020 cars on display, which attracted the attention at home and abroad. As one of the three major automobile exhibitions in China, Guangzhou Auto Show is known as the weather vane of the automobile market, which brings together automobile brands and enterprises at home and abroad and becomes the epitome of the vitality of the automobile industry in South China and even the whole country.

　　Behind this, it is revealed that Guangdong, as the largest automobile production and sales province in China, still plays an irreplaceable role. Automobile industry is an important pillar of Guangzhou’s economy. In 2021, the output of automobiles reached 2.96 million, and the total output value exceeded 610 billion yuan, ranking first in China for three consecutive years, accounting for 90% and 10% in Guangdong and China respectively.

　　According to the relevant data of Guangzhou Bureau of Industry and Information Technology, from January to October, the total retail sales of social consumer goods in the city was 861.85 billion yuan, up 3.2% year-on-year, and the growth rate was 0.1 percentage point higher than that in the previous three quarters. Automobile consumption continued to improve. The retail sales of automobile products above designated size in the city increased by 9.5% year-on-year, and the growth rate was 0.7 percentage points higher than that in the previous three quarters. Among them, the retail sales of new energy vehicles increased by 96.5% year-on-year, which was the "pillar" of Guangzhou’s stable consumer market in October.

　　Since the beginning of this year, Guangzhou has introduced a number of policies to stabilize growth and promote consumption, and held multi-frequency activities to promote consumption. The first resumption of Guangzhou Auto Show will not only stimulate Guangzhou’s automobile consumption in a short time, but also boost market confidence, give a "green light" to future market consumption, give full play to the driving role of automobile consumption, and bring new opportunities for Guangzhou’s economic recovery. After the continuous optimization and adjustment of epidemic prevention and control policies, Guangzhou is expected to turn a new round of automobile consumption boom into a driving force for economic development, build a new consumption model, fully open up market vitality, promote the efficient operation of the consumer market, stimulate new engines and kinetic energy of consumption, and help economic recovery.

Recently, a suspected Changan Mazda EZ-6 car purchase invoice has attracted widespread attention on the Internet. The invoice shows that the car is priced at 221,800 yuan and the purchase date is August 16. As Changan Mazda’s first new energy product and the only model in the joint venture B-class car market to provide range extension power, this price has triggered heated discussions in the industry and consumers. Many industry insiders believe that this invoice is very likely to be true, and the price is quite competitive in the market.

True and false invoices: high credibility

Judging from the exposed invoice, the invoice date is August 16, more than a month earlier than the official pre-sale time. For a joint venture like Changan Mazda, it is normal to make internal decisions and confirm prices in advance, especially when China and Japan need to participate in the process. Although sensitive information such as invoice codes on the invoice is coded, the information and seal of the invoicing party are accurate, consistent with the invoice seal of Changan Mazda Automobile Co., Ltd. Based on this information, the authenticity of this invoice is very high, so the price shown in it is very likely to be the price of the EZ-6.

The first appearance attracted the attention of the industry

Since the EZ-6 made its debut at the 2024 Beijing Auto Show, it has quickly become the focus of the joint venture new energy sedan field. This is mainly due to its uniqueness in styling design and market positioning. On the one hand, the EZ-6 is very futuristic in styling design, and on the other hand, it is the only model in the joint venture B-class market that provides range extension power, filling the gap in this market segment. Therefore, it has not only attracted the attention of consumers, but also become a hot topic of discussion within the industry.

Product Introduction: Double Blessing of Technology and Design

From the known information, the EZ-6 has shown its excellent product strength in many aspects. In terms of body size, the length, width and height of the EZ-6 are 4921/1890/1485mm respectively, and the wheelbase is 2895mm. The frameless door and hatchback design not only enhance the aesthetics, but also increase the practicality. In addition, the through taillights and four round gun downlights retain the classic design elements of Mazda.

In terms of power system, the EZ-6 is available in both pure electric and extended range forms, and both use a rear-drive layout. The power parameters of the pure electric version are 190kW, while the extended range version uses a 1.5-liter range extender, which has the same power parameters. The range of the pure electric model is available in 480km and 600km according to the battery pack capacity, while the extended range version can reach 1300km on a single charge.

In terms of intelligent configuration, the EZ-6 is no less. It is equipped with Qualcomm Snapdragon third-generation 8155 chip, equipped with 14.6-inch floating center control screen and full LCD instrument panel, plus AR-HUD head-up display, 360-degree panoramic image and 180-degree panoramic chassis. Driving auxiliary features such as adaptive cruise control, lane keeping assistance and automatic parking are also readily available. In addition, luxury features such as Sony audio, 64-color ambient lights and zero-gravity seats add to the model.

###Price comparison with models of the same level in the market

From the exposed information, the EZ-6 obviously surpasses many joint venture models of the same level in terms of configuration. In terms of price, compared with big brands such as Tesla Model 3 and BMW i3 priced around 300,000, the 221,800 yuan of the EZ-6 is obviously much more affordable. Compared with the starting price of Volkswagen ID7 227,700 yuan, the price of the EZ-6 is still advantageous. Even in first-tier city households, the EZ-6 is a highly configured and cost-effective model that is very attractive.

Pricing strategy and market expectations

According to Mazda’s past pricing strategy, the actual pre-sale price of the EZ-6 is very likely to be between 18-240,000. If the pre-sale stage can be accompanied by some awesome preferential policies, then it will undoubtedly put great pressure on the joint venture new energy models on the market. It is reported that the EZ-6 will start pre-sale on September 28 and officially go on sale at the end of October, when its real price and pre-sale situation will be revealed.

As for the market reaction, we might as well wait for the official release of the corresponding information. Anyway, this new car has successfully aroused expectations and heated discussions in the hearts of consumers. What are your thoughts on the price and configuration of the EZ-6? Welcome to discuss and communicate in the comment area. Especially for those who are considering buying a car, does the EZ-6 meet your expectations and needs?

Since the opening of parallel imported cars, it has had a great impact on traditional 4S stores. Many users are also very concerned about the actual performance configuration. Our editors have experienced an additional version of the Mercedes-Benz GLE450 for you. Overall, compared with traditional channels, the parallel imported car plus the Mercedes-Benz GLE450 is cost-effective and worth considering.

The headlights part belongs to the place where the new models have changed a lot. The daytime running lights use the family’s new double "L" design, with far and near light split full LED headlights, which have a high lighting effect and recognition. The front bumper is decorated with "fish scale pattern", and the left and right sides are added with chrome trim, which is rich in layering but not messy.

[Optional configuration package]

Intelligent Driving Bag (Intelligent Pilot Limit Function (Lightning Test), Active Steering Assist System, Avoidance Steering Assist System, Active Brake Assist, Cross Traffic Function, Dynamic Emergency Brake Assist, Active Blind Spot Assist, Active Joining Assist, Preventive Safety System Enhancement, Lateral Preventive Safety System (Comfort Bag Only), Active Driving Assist System, Active Lane Keeping Assist) Radio: Dark Night Bag (Luggage Rack, Wheel Hub, Window Bar) Front Seat Ventilated Massage Hot Stone, Hot and Cold Cup Holder, Hub Lock, Steering Wheel Heating, Solid Wood Interior.

In terms of the interior of the 20 Mercedes-Benz GLE450, it continues the styling of the current S-class, using a through-center console dual-screen design, 12.3-inch dual LCD screen brings a strong sense of technology, and is equipped with the latest Mercedes-Benz MBUX human-machine interaction system. It is made of slush, leather, solid wood, metal and carbon fiber materials. The three-frame flat-bottomed steering wheel is dynamic, with a panoramic sunroof overhead, and the seats are made of two-color sports-style seats. Comfort and wrapping are also better. 2020 Mercedes-Benz GLE450 Parameter configuration: Engine: 3.0T 367 horsepower L6, gearbox 9-speed self-integrated, displacement (L): 3.0, length * width * 935 * 1935 * 1796 Wheelbase (mm): 2995, maximum towing weight (kg): 3500, body material: mixed steel and aluminum, fuel tank volume (L): 85, luggage compartment volume (L): 630, maximum trunk volume (L): 2055, turbocharged cylinder arrangement: L, number of cylinders (pieces): 6, number of valves per cylinder (pieces): 4, maximum horsepower (ps367 maximum power (kw) 270, maximum power speed (rpm): 6100, maximum torque (N · m): 500, maximum torque speed (rpm): 4000, drive mode: Front four-wheel drive, four-wheel drive form: all four-wheel drive, power type: electric power,

Standard: Automatic parking, parking radar assist, remote control garage door, steering wheel heating, rear traffic warning, blind spot reminder, climate air conditioning, adaptive brake assist privacy glass, 12.3-inch feel voice touch screen, 64-color ambient light, road sign recognition, door opening warning, wireless charging. Premium package: panoramic sliding sunroof, Berlin 590W audio, foot electric tailgate, rear seat heating, keyless entry, enhanced heated seat, front armrest heating. Technology package: ring car image 360, new lift display system, headlights.

　

In terms of car pickup: regional restrictions and maintenance issues, we have consulted professionals. At present, it can be licensed nationwide, with no regional restrictions, and you can buy a car with a loan.

For inquiries, please scan:

　　　 Movie Network News(Compiler/Ben) According to South Korean media reports, the director of the Korean film popular in Asia, Guo Zairong, will direct the Chinese costume blockbuster "Yang Guifei".

　　　 "Yang Guifei" will focus on the story of the ups and downs of the life of Yang Yuhuan, a beautiful woman in the Tang Dynasty. According to Korean media reports, Yang Guifei will be played by Fan Bingbing, while Zhou Yunfa will play the role of Emperor Xuanzong of Tang. At present, the crew is still in contact with Japanese actor Oda Che Rang, hoping to invite him to star.

　　　 In addition to Guo Jae-yong, a large number of Korean directors have been exploring the overseas film market. In response, the Korea Film Promotion Committee held a "China Film Market Status and Career Briefing Session" on April 4 this year, and made it clear through the briefing that "the entire Asian film market is increasingly concerned about Korean films and their infrastructure. In addition to the greater Chinese market’s interest in Korean films, the demand for Korean actors, directors, film practitioners and scripts is increasing." The committee also stressed the need for the Korean film industry to expand the infrastructure of software and hardware to cope with the long-standing cooperation projects between the film industries of the two countries.

　　　 For the "Concubine Yang" directed by Guo Zairong, Korean public opinion has also given high attention. For the female lead actor Fan Bingbing, Korean media are even more generous with praise, directly calling him "the most beautiful woman in the Chinese circle". In this regard, some Korean netizens also said that they are very much looking forward to seeing Fan Bingbing play the shape of Concubine Yang.

　　　 Fan Bingbing’s popularity in South Korea has also been on the rise in recent years. In South Korean media reports, Fan Bingbing’s face shape and facial features were first interviewed by Jiang Minjun, director of a well-known plastic surgery hospital in South Korea. The director introduced that Fan Bingbing is a typical Cross Line, that is, the vertical line from the forehead to the nose to the chin and the horizontal line of the left and right cheeks parallel to the nose are very balanced, which not only looks very comfortable, but also leaves a good impression. Fan Bingbing’s face shape and facial features are also the beauty that most Korean women like and envy. And the director himself also said that he is very much looking forward to the ancient Chinese beautiful woman Yang Guifei photographed by Guo Zairong.

　　　 Then, Korean media also reported the details of Fan Bingbing, including her birthplace and age, and mentioned that she had starred in the golden lock in the popular Korean TV series "Huanzhu Gege" at the age of 18 (1998).

　　　 The work that brought Fan Bingbing into the eyes of Korean audiences again was her romantic comedy starring Zhang Ziyi and Su Zhixie. Recently, after taking on the work directed by Jiang Digui, the news of her cooperation with Zhang Dongjian has also been frequently reported in the newspapers, and she has become a Chinese actress that has attracted the attention of Korean media.

　　　 Fan Bingbing and Andy Lau were originally scheduled to go to South Korea on August 11 to promote the film’s release in South Korea, but due to the producer’s mistake, the promotion trip was cancelled. The concentrated coverage of the matter in the Korean media and the disappointment revealed in the words can be seen from Fan Bingbing’s popularity in South Korea.

　　CCTV News:On the afternoon of July 30, Huawei released its results for the first half of 2019 at its Shenzhen headquarters. In the special international trade environment, this is the first time that Huawei has issued such a heavy semi-annual report, which is intended to convey the strength and confidence to tide over the difficulties. Three details deserve attention from the outside world.

　　On July 30th, Huawei held a performance conference for the first half of 2019 in Shenzhen. In the first half of the year, Huawei achieved revenue of 401.3 billion yuan, a year-on-year increase of 23.2% and a net profit margin of 8.7%.

　　Liang Hua, chairman of Huawei, said: "Before May, Huawei’s revenue grew rapidly, ‘ Entity list ’ After that, because of market inertia, it also achieved growth. However, the scope and degree of influence on the company are controllable, and the company’s main products are basically unaffected. "

　　Detail 1: Huawei gets rid of the dependence of its core products on the United States and maintains rapid growth.

　　The outside world noticed that Huawei’s performance in the first half of the year was unusual in three details. First of all, it is not difficult to see that in the first half of 2019, Huawei did not stop its rapid growth because of the US attack.

　　In May this year, US President Trump signed an executive decree prohibiting American enterprises from using telecommunications equipment with national security risks.

　　Subsequently, the U.S. Department of Commerce listed Huawei as an "entity list" for export control on the grounds of "constituting national security concerns", requiring American enterprises not to export spare parts to Huawei unless approved by the U.S. Department of Commerce.

　　Since then, Ren Zhengfei, founder and CEO of Huawei, has said that Huawei’s revenue may drop by as much as $30 billion. However, it is in this case that Huawei clarified the next commercial deployment with the fastest response and found a solution.

　　Detail 2: Consumer business accounts for more than 50% of runner runner.

　　The second unusual feature of Huawei’s "semi-annual report" is that the consumer business surpassed the carrier business for the first time, accounting for more than 50% in Huawei. According to Liang Hua, Chairman of Huawei, Huawei’s operator business is about 146.5 billion RMB, enterprise business is 31.6 billion RMB, and consumer business is 220.8 billion RMB, accounting for 55%. At this point, industry experts who participated in Huawei’s performance conference in the first half of 2019 believe that the suppression of the United States will only bring temporary twists and turns, and Huawei will be favored by more and more consumers in the future.

　　Detail 3: 5G commercialization leads the world. In 2019, R&D investment was 120 billion yuan.

　　Liang Hua, chairman of Huawei, said that Huawei’s carrier business "hole" has almost been filled. In the field of 5G, Huawei has won 50 commercial contracts and delivered more than 150,000 base stations, making 5G commercial world-leading. At the same time, Liang Hua pointed out that Huawei insists on investing in the future and plans to invest 120 billion yuan in R&D this year.

　　Ren Zhengfei, founder and CEO of Huawei, recently disclosed in an exclusive interview with Yahoo Finance that the US House of Representatives has passed a resolution and will not easily remove Huawei from the "entity list". Huawei must be prepared. He also mentioned that from an optimistic point of view, the entity list is a good thing for Huawei, not a bad thing, because when the entity list comes out, all employees of Huawei have a sense of crisis and are full of vitality.

　　After reconciliation with Qualcomm, Apple will support the 5G iPhone or launch it in 2020. In addition to Qualcomm’s possible provision of 5G modem chips for Apple, Samsung may become another supplier of 5G chips for Apple in a specific market.

　　Guo Ming, an analyst known as the "Oracle of Apple", made this prediction in his latest report.

　　According to the technology website MacRumors reported on April 22nd, Apple has been committed to diversifying its supply chain to reduce risks, improve the company’s bargaining power and reduce costs. Many suppliers compete on price, which can help Apple ensure the profit of orders.

　　Guo Ming’s report said: "After the patent dispute between Apple and Qualcomm ended, the two sides signed a six-year patent license agreement, which means that the new 2H20 iPhone model will support 5G, and Qualcomm and Samsung are potential suppliers of 5G straps."

　　On April 16th, US time, Apple and Qualcomm reached a settlement agreement, and both parties withdrew their legal proceedings worldwide. According to the press release made public by both parties, the settlement agreement included an unknown amount of money paid by Apple to Qualcomm, and the two companies also reached a six-year license agreement, which took effect on April 1, 2019, including two-year extension option and a multi-year chipset supply agreement. Subsequently, Intel announced its withdrawal from the manufacturing of 5G modem chips.

　　Guo Ming’s report commented on this: "The market is worried that Intel’s disappointing research and development of 5G lace-up chips may be the biggest uncertainty factor for Apple’s 2H20 iPhone model to apply 5G, but we believe that this uncertainty has been eliminated after Apple and Qualcomm terminated the patent dispute and reached a six-year chip patent licensing agreement, and Intel announced its withdrawal from the 5G lace-up chip business."

　　According to the above report, besides Qualcomm, Samsung may become another supplier of 5G chips for Apple in a specific market.

　　According to the report, "We expect Apple to adopt Qualcomm’s 5G lacing chip in the mmWave market and Samsung in the Sub-6GHz market, thus reducing supply risks, reducing costs and improving bargaining power."

　　Guo Ming believes that 5G will be a boon to iPhone sales and Apple’s supply chain in 2020. He predicts that the total iPhone shipments in 2020 may reach 195-200 million units, including 70-75 million 5G models launched in the second half of 2020.

Based on Frank Herbert’s famous sci-fi novel, Dune 2, a Hollywood sci-fi masterpiece jointly created by Legendary Pictures and Warner Bros., is being released in major theaters all over the country, and the whole network is hot. Today, the film released an exclusive behind-the-scenes sharing special. The film director denis villeneuve and his wife and producer Tanya Laponte mentioned the indissoluble bond with China culture and shared their creative feelings about the exciting legendary scene of "Riding the Sandworm" in the film. The film Dune 2 is directed by denis villeneuve, the new godfather of sci-fi movies (Dune, Arrival and Blade Runner 2049), with Timothée Chalamet, Zendaya, Rebecca Ferguson, javier bardem, josh brolin, Stellan Skarsgard, Dave Batista, Charlotte Lamplin, Austin Butler, Christopher Walker, Florence Pew and Leia Sedu.

Villeneuve shared unforgettable memories of "eating hot pot" and was deeply influenced by China culture.

Last week, denis villeneuve, the creative director of Dune 2, and Tanya Laponte, his wife and producer, successfully concluded their trip to China. As the first Hollywood director to attend the event in China and thank the fans after the film was released, the director’s trip was very popular and the whole network responded enthusiastically. The founders also felt the charm of China culture and the enthusiasm of China fans and audiences from all dimensions. In the exclusive behind-the-scenes sharing special released today, director Villeneuve shared with the audience his unforgettable memories of his trip to China many years ago. Director Villeneuve said that he visited China 34 years ago for filming a documentary and spent a month in and around Chengdu. He said, "That trip left me a good memory, and I was deeply impressed by China at that time." In addition, the famous gourmet hot pot in Chengdu also left a deep memory for director Villeneuve, who vividly described the picture of eating hot pot and said, "That is the hottest dish I have ever eaten in my life."

Coming to China again after 34 years, director Villeneuve was deeply touched. He said, "I remember the last time I was in China, I always said to myself,’ China is an amazing country, a country with profound cultural heritage’. I really hope to come to China again and learn more about China." There are obvious China elements in director Villeneuve’s works, such as Coming, Blade Runner 2049 and Dune 2, which are familiar to the audience. In this special edition, director Villeneuve also shared the influence of China culture on his works. Director Villeneuve said that the complex and poetic alien language in "Coming" was inspired by oriental calligraphy and put forward the idea of China ink painting. He said, "This idea was also influenced by China culture to a great extent, and I immediately adopted this idea." In addition, director Villeneuve also mentioned that when he was a film major, the works directed by Wang Jiawei had an impact on him. His works, such as "Spring at First", "fallen angels" and "Chongqing Forest", had a great influence on his aesthetics and light and shadow. In addition, Red Sorghum directed by Zhang Yimou also made him remember it vividly.

The main creation reveals the legendary scene of "riding a worm", making a cinema behind the scenes and feeling the ultimate audio-visual feast.

In the film, Paul (Timothée Chalamet) rides a worm for the first time, which makes countless audiences feel excited. Among them, the plot of "killing worms" to summon and control the worms has become a topic of discussion among netizens. In the special edition, the master also shared the behind-the-scenes shooting story about this scene. Tanya Laponte, the producer, revealed that during the filming, director Villeneuve held a meeting with the creative team for the first time, just to shoot "Riding a Sandworm". Director Villeneuve hoped that people would remember this scene when they left the cinema. To this end, the team conducted a lot of research and design according to Frank Herbert’s description in the book, and producer Tanya also supervised and directed the shooting of this classic scene at the request of the director. The husband and wife are connected with each other and cooperate tacitly, successfully completing this great challenge! It is worth mentioning that netizens are curious about "how to get down from the worm?" The problem, which the creators said will be presented in the next movie, will undoubtedly make everyone look forward to the next work in the series!

　　There are a lot of harassing calls now. There is a way to avoid harassing your phone, and that is to set it to an empty number.How to set your mobile phone number to an empty number?The following small series will share the operation skills of letting the mobile phone enter the empty number state.

How to set your mobile phone number to an empty number?

　　Step 1: In standby mode, enter **21*999999# and press the dial key.

　　In this state, the phone number of others calling you does not exist, and you will not receive the call.

　　Step 2: To cancel the blank number, enter ##21#999999# and press the dial key.

　　This principle is probably realized by using the call forwarding function, and there is no charge if the call forwarding is not connected, so this method will not waste your phone bill.

　　Finally, I would like to remind you to cancel the empty number after use. I hope it will be helpful to everyone.