The younger pet-owning group has a higher shopping frequency and lower price sensitivity. Their requirements for quality are even higher than those of human health products, leading them to choose products with higher prices for better health benefits. There are significant price differences among pet health products of the same category. For example, in the case of fish oil: 50g The price of capsule-type fish oil ranges from 10 - 300 The price is not comparable; foreign products are generally more expensive than domestic ones. Why are pet health supplements so profitable? What are the main trends in the domestic pet health supplement market over the past two years? Are there any new development trends? What development problems are currently facing this industry in China?     Frost & Sullivan Frost & Sullivan, Cao Sijie, a consulting advisor at Frost & Sullivan in Greater China, was interviewed by Guangzhou Daily New Flower City to discuss the current situation and challenges of the pet health product industry.       Guangzhou Daily Xinhua City * Click at the end of the article Read the original text View the full report     Q :    Why are pet health supplements so profitable? From the perspective of the industrial chain, pet health supplements, except for special needs such as grooming, are similar to human health supplements in terms of raw materials, with only differences in component content. For example, the raw materials for nutritional paste generally consist of maltose, oil, yeast powder, etc., with low upstream raw material prices and low production costs. Midstream health supplement manufacturers design their packaging to enhance product differentiation, attract pet owners, and charge high added value. In terms of consumers, with the continuous popularization of the concept of pet health products and the expansion of market size, the market share of health product consumption has steadily increased. Most people who purchase pet health products are young pet owners who worry about the aesthetics, health, and lifespan of their pets. They have a higher shopping frequency and lower price sensitivity. Their requirements for quality are even higher than those of human health products. They are willing to choose products with higher prices for better health care effects. At the same time, the main reference groups for purchasing health products are pet bloggers on social media, veterinarians at pet hospitals, brand online live streaming rooms, etc., with a high consumption conversion rate.     Q :    What is the current price of pet health products? Are there significant price differences among similar health products on the market? How does the price compare between domestic and foreign products?   Taking fish oil as an example, the common types of fish oil available on the market are capsule and liquid forms. 50g Calculated for standard sales units, the price of capsule-type fish oil is from 10 - 300 The price gap is quite significant, with foreign products generally priced higher than domestic ones. For products targeting the mid- to low-end market, foreign prices are higher than domestic ones. In the mid- to high-end market, the prices of domestic brands gradually converge with foreign products, but in the high-end market (prices greater than 180 yuan /50g ), foreign brands still dominate. However, in terms of fixed sales units, domestic high-end brands such as Vissi and Tail Life have a certain number of sales units 36g/ Bottles, packaged and sold in small grams, have an overall low price point. However, the actual price per gram exceeds that of most high-end market fish oil products, such as Vetwish , mag wait.     Q :    How are the types of domestic pet health products compared to those abroad?   In terms of types, both domestic and international health products cover common health care needs such as joint calcium supplementation, gastrointestinal regulation, hair care and skin care, vitamin and trace element supplementation, and immune enhancement. There are a large number of products available on the market targeting these functions. Common ingredients include omega-3 coenzyme Q10 Lecithin, taurine, etc. However, companies in different markets have different product focuses. The leading domestic pet health product company 'Xiaocong' focuses on probiotics as its main promotional point and research product, while 'Gudeng' specializes in goat milk powder. Foreign American brands Vet hospital ’ s Best The green cross catnip tablets, jarrow Lactoferrin often becomes the top choice among Chinese consumers for category purchases. Overseas brands are entering the niche market of pet health products focusing on emotional stability, such as American brands. Zesty Paws We have launched the high-end pet nutritional product, Cat Calm, to help maintain emotional balance, promote calmness, and reduce stress.     Q :    What are the main trends in the domestic pet health product market over the past two years? Are there any new development trends?   The demand for 'humanization' has driven continuous product segmentation, enriching the product matrix. Products are launched based on different body shapes, breeds, growth cycles, activity levels, and physical functions of pets. For example, separate product tracks are created for special stages such as puppy development, delivery, and old age, as well as for promoting pet appetite and increasing water intake through daily health supplements. Expanding the scope of pet healthcare includes pet fitness and weight loss, daily nourishment, disease prevention, and more. In addition to pet health needs, pet owners' interaction with their pets has led to the development of products such as toothpaste, breath fresheners, and nutritional supplements to enhance pet aesthetics. Consumption rationalization has occurred. With the economic downturn, the exposure of similar ingredients in human and pet health supplements on social media, and concerns about the physical burden on pets from health supplements, consumers are choosing health supplements with higher cost-effectiveness and reducing their consumption frequency. The demand for the safety of health products continues to rise, with natural ingredients and stimulants / With fewer additives, consumers also do not want to lose taste. Plant extracts with mild effects and clean ingredients with special health benefits have become new keywords. The impact of Japan's nuclear sewage discharge on the sea area and seafood has also increased consumers' concerns about health products made from seafood.     Q :    What development issues are currently facing the domestic industry in this sector?   Industry supervision issues of products. Internationally, the regulatory authorities for pet health products generally include FDA （ Food and Drug Administration ), NAS （ National Animal Supplement Council ) and so on, but currently in China, pet health products are still classified under feed processing, lacking clear industry production and management standards. They are in a gray area of supervision, with enterprises lacking standardized management at the supply chain and quality control levels, leading to low consumer confidence. The industry concentration is low, lacking industry leaders. Currently, pet health products are still mainly imported from foreign brands. Domestic brands have low market recognition, fragmented market share, and fierce competition. Most companies devote more energy to marketing, lacking product innovation capabilities and resulting in homogeneous products. * This interview has been published in Guangzhou Daily Xinhua City Reporter: Lv Hui, original title: 'Is Paying for Pet Health Supplements a Tax on Intelligence?'  

"Tea drink + Baking, Searching for the Second Curve of Brands ” Offline Salon   Nowadays, unlike in the past, in an era where established tea beverage brands are intensifying their scale, launching new products, and driving up prices, 'tea beverages + How can 'Baking' drive each other forward and empower each other in a two-way manner?   10 month 9 Today, at Fonterra and FBIF Jointly launched “Tea Drink + The offline salon themed 'Baking, Searching for the Second Growth Curve of Brands' was successfully held in Shanghai.     Frost & Sullivan Frost & Sullivan Zhang Xiaojing, Executive Director of Greater China at Frost & Sullivan, was invited to attend the event and delivered a speech titled 'How to Break Through Barriers with Instant Tea Drinks'. Executive Director, Greater China, Frost & Sullivan Zhang Xiaojing Zhang Xiaojing pointed out that benefiting from the large tea consumer base, ready-to-drink tea has become the largest segment within ready-to-drink beverages. According to Frost & Sullivan research data, it is expected that by 2025 The market scale of annual subscription tea drinks will reach 2,000 RMB 10 billion. The industry is undergoing significant changes. On one hand, with the expansion of market size, competition among brands has become increasingly fierce, and the market share of leading brands is accelerating its concentration. On the other hand, consumers' demand for health and personalization is growing day by day, putting forward higher requirements for brands. She emphasized that to stand out in the current market environment, brands need to innovate in four areas: products, marketing, branding and category management, as well as digitalization. From a product perspective, ready-made tea brands should focus on innovation and differentiation. Brands such as Bawang Tea Girl and NESCAFÉ have attracted health-conscious consumers by launching products with health labels. In addition, the concept of 'the first cup of milk tea in autumn' not only satisfies consumers' taste preferences but also adds social attributes to the product. In terms of marketing, joint ventures have become a new means for brands to attract consumers. Whether it's style alignment or cross-border collaborations, they can bring additional attention to the brand.   In terms of brand and category innovation, Zhang Xiaojing believes that the combination of tea drinks and baking is an area worth exploring. 'Tea drinks + Baking", "Coffee" + The combination of 'light meals' can broaden consumption scenarios, meet the consumption needs of different time periods, and fill in consumption gaps.   Finally, Zhang Xiaojing also mentioned the importance of digitization. She believes that digitization can not only help enterprises better understand consumer needs but also enhance customer experience by providing personalized services, thereby promoting repeat purchases. Scene photos   Recommended Reading Recent Cases of Market Positioning Confirmation in the Catering and Retail, Food & Beverage Sectors (Scroll Up or Down to View More) Raw materials are continuously upgraded and innovated, and spicy snack foods have entered a new stage of development with accelerated growth. New Trends in the Chinese Fried Chicken Industry: The Perfect Integration of Traditional Flavors and Innovative Techniques Frog Hotpot: Ignite the Feast of Senses, Lead the New Trend in Catering Frost & Sullivan was invited to attend 2024 Chinese Herbal Light Nourishment Beverage Development Forum and the Launch Conference of the Keryang Red Bean Coix Seed Water Innovation Project Traditional Essence, Century-Long Heritage: Savoring the Beauty of Zongzi during the Dragon Boat Festival Under the iteration of concepts, the probiotic track continues to forge ahead with great momentum The Hunan cuisine market is booming, with branding and chain operations continuing to lead the future Safe and delicious, satisfying the public's taste buds. Hot pot butter empowers foodservice brands with quality upgrades. Driven by the increasing demand for healthy and diverse diets and the leadership of leading enterprises, China's small poultry market has entered a new era of development China's wonton dumpling industry: Empowered by healthy nutrition, innovating to lead the future Seize the opportunity and make efforts. Grassland yogurt leads a new trend in healthy consumption Bai “slide” releases continuously: shrimp slides innovate continuously to unlock consumers' diverse needs China lotus root food industry: exploration B end and C The end is near, welcoming a new high-profit blue ocean market New snack categories are accelerating their layout, and the trend towards healthier snacks may become mainstream. Driven by both scale and branding, it leads the vigorous development of China's Fatty Beef Roll industry. Channels are king, and the Chinese tea industry has entered an era of branding Global Selection, creating a high-end quality life for children's milk The national trend is on the rise, and a healthy economy is driving the continuous development of China's juice and soda industry. With innovative flavors, the black truffle milk chocolate mooncake has taken off like a golden sprinter Consumption trends are changing, and chain retail stores are ushering in a golden age for fruit consumption Food and Beverage Industry Advisory Cases (Scroll up and down for more) Frost & Sullivan assisted TEHAI International in successfully going public in the US (NASDAQ:HDL) Frost & Sullivan assisted TeaBallood in successfully going public in Hong Kong (2555.HK)   Frost & Sullivan assisted Lancang Ancient Tea in successfully listing on the Hong Kong Stock Exchange (6911.HK) Frost & Sullivan assisted Sichuan Dekang Agriculture and Animal Husbandry to successfully go public in Hong Kong (2419.HK) Frost & Sullivan assisted Kuaquan in successfully going public in Hong Kong (2517.HK) Frost & Sullivan assistance Davis Commodities Successfully listed in the US (NASDAQ: DTCK) Frost & Sullivan assisted Zhenjiao Lidu in successfully going public in Hong Kong (6979.HK) Frost & Sullivan assisted DAS Group in successfully listing on the Hong Kong Stock Exchange (1405.HK) Frost & Sullivan assisted Shenzhen Baihuagarden in successfully going public in Hong Kong (2411.HK) Frost & Sullivan assisted Zhengwei Group in successfully listing on the Hong Kong Stock Exchange (2147.HK) Frost & Sullivan assisted Weilong in successfully going public in Hong Kong (9985.HK) Frost & Sullivan assisted Shuangcaizhuang in successfully going public on the Hong Kong Stock Exchange (2321.HK) Frost & Sullivan assisted Youran Muying in successfully going public on the Hong Kong Stock Exchange (9858.HK) Frost & Sullivan assisted Joyou Wang in successfully going public in Hong Kong (1927.HK) Frost & Sullivan assisted BSWG in successfully listing on the Hong Kong Stock Exchange (9987.HK) Frost & Sullivan assisted Nongfu Spring in successfully going public on the Hong Kong Stock Exchange (9633.HK) Frost & Sullivan assisted Fengxiang Food in successfully listing on the Hong Kong Stock Exchange (9977.HK) Frost & Sullivan assisted SIMOR to successfully go public in Hong Kong (6969.HK) Frost & Sullivan assists China's Feihai in successfully going public in Hong Kong (6186.HK) Frost & Sullivan assisted China National Tobacco International in successfully going public in Hong Kong (6055.HK) Frost & Sullivan helps select top-quality products. 360 Successfully listed on the Hong Kong stock market (2360.HK) Frost & Sullivan assisted Wugu Mofang in successfully going public in Hong Kong (1837.HK) Frost & Sullivan assisted BaoBABA in successfully listing on the Hong Kong Stock Exchange (1761.HK) Frost & Sullivan assisted Haidilao in successfully listing on the Hong Kong Stock Exchange (6862.HK) Frost & Sullivan assists sustainable agriculture in successfully listing on the Hong Kong Stock Exchange (8609.HK) Frost & Sullivan assisted Longhui Holdings in successfully listing on the Hong Kong Stock Exchange (1007.HK) Frost & Sullivan assisted Xinrong International in successfully listing on the Hong Kong Stock Exchange (1587.HK) Frost & Sullivan assisted Yiyuan Liquor Industry in successfully listing on the Hong Kong Stock Exchange (8146.HK) Frost & Sullivan assisted Jierong International in successfully listing on the Hong Kong Stock Exchange (2119.HK) Frost & Sullivan assisted BNP Paribas International in successfully listing on the Hong Kong Stock Exchange (1705.HK) Frost & Sullivan assisted Nippon Sake & Foods in successfully going public in Hong Kong (1475.HK) Frost & Sullivan assists Asian grocery giant in successfully listing on the Hong Kong Stock Exchange (8413.HK) Frost & Sullivan assisted Chow Hing Duck in successfully going public in Hong Kong (1458.HK) Frost & Sullivan assisted COFCO Meat Group in successfully listing on the Hong Kong Stock Exchange (1610.HK) Frost & Sullivan assisted Yihai International in successfully going public in Hong Kong (1579.HK) Frost & Sullivan assisted Zhongdi Dairy in successfully going public in Hong Kong (1492.HK) Frost & Sullivan assisted Dahili Foods in successfully going public in Hong Kong (3799.HK) Frost & Sullivan assists Manor Ranch in successfully going public in Hong Kong (1533.HK)   Frost & Sullivan assisted Vientiane International in successfully listing on the Hong Kong Stock Exchange (0288.HK)   * The above order is not sequential and is arranged in reverse chronological order by listing time.

With industry 4.0 With the advancement of the times, industrial software has become a key force driving manufacturing towards intelligent and digital transformation. In China, one of the world's largest manufacturing bases, the pace of industrial upgrading is In the acceleration phase, the application and development of industrial software have become an undeniable driving force. In response to this trend, not only international giants such as Dassault Systèmes and Siemens have increased their investment in China, but also local software companies have risen rapidly with policy support, striving to make breakthroughs in the high-end market. Which foreign industrial software companies have seen the most significant growth in investment in China? What are their main investment areas? What are the main challenges and obstacles that Chinese enterprises face when using foreign industrial software?     Frost & Sullivan Frost & Sullivan Jia Pang, Partner and Managing Director of Frost & Sullivan's Greater China Region, was interviewed by Business School magazine to discuss the competition and cooperation between foreign and domestic industrial software enterprises.   Business School Magazine   * Click at the end of the article Read the original text View the full report Q :    Which foreign industrial software companies have seen the most significant investment growth in China? What are their main investment areas? Currently, foreign industrial software giants include Dassault in France, Siemens in Germany, and PTC In fact, they have all recognized the huge development opportunities in China's industrial digitalization and green transformation process and have been continuously increasing their investment in China. Among them, advanced manufacturing fields that are key areas of development for China, such as semiconductors, automobiles, aerospace, etc., are important development areas. Dassault from 2020 The year saw the launch of the development strategy to layout across China - the Himalaya Plan, which strengthens business penetration in China through vertical industry penetration and regional ecological cooperation systems. It is expected that the Himalaya Plan 2026 Will reach in 10 euro billion. 2023 year 6 In January, Siemens also announced an investment 1.4 Euros are earmarked for expanding its digital factory in Chengdu, China, to serve the growth opportunities in the Chinese market. In addition, Siemens also plans to invest in building a new digital R&D and innovation center in Shenzhen to accelerate the digitization of motion control systems and power electronics technology.   Q :     What are the main challenges and obstacles that Chinese enterprises face when using foreign industrial software?   When Chinese enterprises use foreign industrial software, they first face the issue of relatively high costs. Foreign industrial software is usually expensive, and many of them hold a monopolistic market position in their respective fields. In terms of price negotiation, user enterprises lack bargaining power. Secondly, when using foreign industrial software, Chinese enterprises may face certain issues such as technical compatibility and insufficient localization. Furthermore, in terms of technical support and after-sales service, foreign software providers may not be able to provide timely and effective support. Consequently, user enterprises also need to invest resources in talent cultivation and skill enhancement.   Finally, using foreign industrial software also faces risks related to policies, regulations, data security, and privacy. In some cases, Chinese policies and regulations may restrict the use of foreign software, requiring enterprises to operate within compliance frameworks. Using foreign software may involve issues with data storage and processing, and enterprises may worry about data leakage and non-compliance with domestic data protection regulations.   Q :     What is the competitive landscape or trend between foreign industrial software and domestic software?   Overall, foreign industrial software usually has an advantage in high-end markets, especially in areas requiring complex calculations and high-precision simulations, as well as computational design assistance ( CAD ) , Electronic Design Automation EDA ) , Production process execution management MES ) and other industrial software for R&D design, production control, etc. Domestic software enterprises are involved in Enterprise Resource Planning ( ERP ), Supply Chain Management SCM They are gradually occupying a major market share in business management software such as (CRM, ERP, etc.). Domestic software companies are making technological breakthroughs in the high-end market. Local software often offers more competitive prices and can provide cost-effective solutions for small and medium-sized enterprises. The Chinese government encourages and supports the development of domestic industrial software industries to reduce dependence on foreign technology and enhance the independent innovation capabilities of domestic industries. Policy preferences may provide more market opportunities and resources for local software enterprises. There is a complex relationship between foreign and domestic industrial software enterprises, involving both cooperation and competition. Some domestic enterprises obtain technology and market resources through cooperation with foreign companies.   Q :     For the Chinese industrial software market, what impacts will increased foreign investment bring? How should competition and cooperation between domestic and foreign enterprises be balanced?   Foreign-funded enterprises often possess advanced technology and management experience. Increasing investment may promote technology transfer and innovation, thereby enhancing the overall technical level of China's industrial software industry. At the same time, market competition will become more intense, which may drive improvements in product and service quality as well as rationalization of prices. With the introduction of foreign software and services, data security and privacy protection issues may become more prominent, requiring the strengthening of relevant laws and regulations and their implementation. Industrial software is vital to the nation's development. The government needs to formulate reasonable industrial policies to encourage domestic and foreign enterprises to compete in a fair market environment, while also promoting cooperation and exchanges. It is necessary to reasonably set market access thresholds to ensure that domestic and foreign enterprises compete under equal conditions, enjoy fair treatment in terms of taxation, financing, market supervision, etc., and protect the domestic market from monopolies.   It is necessary to strengthen intellectual property protection to ensure that the innovative achievements of domestic and foreign enterprises are respected and protected, and to stimulate innovation vitality. Cooperation platform construction is required: Establish a cooperation platform to promote collaboration among domestic and foreign enterprises in technology research and development, market expansion, etc., achieving resource sharing and complementary advantages. Data security supervision is required: Strengthen the supervision of data security and privacy protection to ensure that domestic and foreign enterprises comply with relevant laws and regulations when providing services and safeguard user information security.   Q :     In recent years, with the development of digital transformation and artificial intelligence technologies, domestic industrial software in China has also been in a stage of rapid development. In the face of the rise of domestic industrial software enterprises, what are the key points that foreign enterprises need to pay attention to if they want to gain a broader market space in China? To expand their business in the Chinese market, foreign companies need to implement more localized competitive strategies. For example, understanding and respecting China's business culture and user habits, providing localized products and solutions, establishing local R&D teams to better adapt to the needs and changes of the Chinese market; Establish partnerships with local Chinese enterprises, enter the market through cooperation, and share resources and channels; Strengthen customer service by providing high-quality customer services and technical support to meet the special needs of Chinese customers. Establish a localized customer service system to improve response speed and service quality;   Attach importance to the cultivation and introduction of talents, especially those with international perspectives and local experience. Provide career development opportunities and training for Chinese employees to enhance the overall capabilities of the team;   Establish more flexible business models, adopting flexible business practices and pricing strategies based on the characteristics of the Chinese market. Explore new models for cooperation with local Chinese enterprises, such as joint development and technology licensing.   Of course, the above strategies need to be based on legality and compliance. Enterprises must strictly adhere to China's laws and regulations, including data security, privacy protection, intellectual property rights, etc. Understand and comply with China's special regulations and requirements for foreign-funded enterprises.   * This interview has been published in the Business School magazine, authored by Wang Yadi, with the original title: Dassault Systèmes: 'Intelligence' Invests in China's Three Major Industries.

Data shows that China's share of plug-in hybrid vehicles in the world continues to strengthen. 2024 year 1 month to 6 Month reached 74% Exceeding high levels, with the second quarter reaching 78% At the same time, China has a relatively prominent market share in the global pure electric vehicle sector. 2023 The share reached 61% , 2024 year 1 month to 6 Monthly market share is 59% The performance has been relatively stable. Is the reason why the performance of plug-in hybrid vehicles in our country is becoming stronger? How do we view the future market development of pure electric vehicles and plug-in hybrid vehicles globally?     Frost & Sullivan Frost & Sullivan, Xu Guangcan, consulting director for Greater China at Frost & Sullivan (hereinafter referred to as 'Frost & Sullivan'), was interviewed by the Securities Daily Network to discuss the development of electric vehicles in the global market in China.   Securities Daily Network   * Click at the end of the article Read the original text View the full report Q :    What is the reason why the performance of plug-in hybrid vehicles in our country is becoming increasingly strong?   The reasons for strong performance are mainly reflected in 2 One aspect: 1 The industrial chain in the Chinese market is mature: With continuous progress in battery technology, motor technology, and control systems, the performance of plug-in hybrid vehicles has been significantly improved, with increased range and reduced energy consumption; 2 The infrastructure is complete, and the rapid construction of charging stations and facilities has facilitated the promotion of plug-in hybrid vehicles.   Q :    What is your view on the future global market development of pure electric vehicles and plug-in hybrid vehicles in our country?   In the long run, pure electric vehicles (PEVs) remain the mainstream in China's sales. With China's emphasis on reducing carbon emissions and environmental protection, the PEV market will continue to grow. Plug-in hybrid technology is favored by consumers in the short term due to its range advantage. In the long run, with the improvement of national infrastructure, pure electric vehicles will still have a cost advantage. * This interview has been published in Daily Economic News The reporter is Zhang Wenxiang, and the original title is: 7 In the month, China's retail penetration rate of new energy vehicles exceeded 50% Plug-in hybrid contributes significantly".

Recently, the National Energy Administration issued 1 - 8 Monthly national electricity industry statistical data. As of 8 At the end of the month, the cumulative installed power generation capacity nationwide was approximately 31.3 1000 million kilowatts, a year-on-year increase 14.0% Among them, the installed capacity of wind power is about 4.7 1000 million kilowatts, a year-on-year increase 19.9% Meanwhile, due to higher gross margins from overseas operations, 'going global' has become an inevitable path for domestic wind turbine manufacturers. What are the advantages for domestic wind turbine manufacturers going global? How is the domestic wind market expected to perform in the second half of this year?     Frost & Sullivan Frost & Sullivan Jia Pang, Partner and Managing Director of Frost & Sullivan's Greater China Region, was interviewed by Securities Daily to discuss the opportunities and challenges for Chinese wind power companies in expanding overseas markets.   Securities Daily   * Click at the end of the article Read the original text View the full report     Q :    What are the advantages for domestic wind turbine manufacturers going global? The main competitive advantages of domestic wind turbine manufacturers in expanding overseas markets are reflected in the following aspects: First, the domestic wind power manufacturing industry chain is complete, with a very high localization rate of components such as main shafts, castings, blades, and towers. The localization and substitution of components like gearboxes, submarine cables, and bearings are also accelerating. Therefore, in terms of supply chain stability and manufacturing costs, domestic wind turbine manufacturers have an advantage over overseas enterprises. Second, China has the largest installed wind power capacity in the world. According to statistics from the National Energy Administration, as of 2023 At the end of the year, China's wind power installed capacity was approximately 4.4 kilowatts, accounting for more than 40% The vast majority of wind turbines for domestic wind power projects are supplied by domestic wind turbine manufacturers. The successful and stable operation of numerous wind power projects has proven the product quality and technical strength of domestic wind turbine manufacturers. It has also provided valuable operational data and experience for the continuous optimization of technology by these manufacturers. Thirdly, Chinese wind power projects and engineering companies possess globally leading technical strength and project experience, and are actively investing and constructing wind power projects overseas. It is also an important development path for domestic wind turbine manufacturers to go global through Chinese enterprises' overseas wind power projects.   Q :     What is the forecast for the domestic wind power market outlook in the second half of this year? According to statistics from the National Energy Administration, domestically 2024 year 1 - 8 The monthly installed capacity of wind power increased by about 16.2% The overall development trend has maintained stable growth. Judging from the bidding data of wind power projects, according to incomplete statistics from Windmang Energy, 2024 In the first half of the year, domestic wind turbine manufacturers won a total of bids 366 Projects, cumulative 70.84 GW Fan procurement (including international projects, excluding frame procurement), and 2023 First half of the year 281 Total of projects 48.6 GW In comparison, the growth is remarkable, which also indicates that the domestic wind power market will continue to maintain a high level of prosperity in the second half of the year.   Q :     What are the opportunities and challenges in the overseas wind power market? With the good development momentum of energy globally, wind power is one of the most important renewable energy types. Policy support and technological progress in various countries have improved the economic efficiency and reliability of wind power, significantly reducing its costs. Additionally, factors such as international cooperation and investment have greatly enhanced the importance of wind power in the global energy system. In particular, the rapid development of offshore wind technology in recent years has continuously expanded the potential for using global wind resources. The challenges of the overseas wind power market cannot be ignored. For example, supply chain disruptions, land use, and environmental issues affect project progress. The intermittency of wind energy poses significant challenges to grid management and energy storage. Especially in regions such as Europe and the United States, where grid systems are relatively old, they need to be transformed and upgraded to improve their adaptability to renewable energy sources such as wind power. In some relatively backward areas, grid infrastructure is still underdeveloped and difficult to support the development of wind power. * This interview has been published in 'Securities Daily', authored by Feng Sijie, with the original title being: 'Rapid Growth in Wind Power Installed Capacity "Chinese wind power companies expand overseas markets".

  8 In the month, the State Council decided to approve five nuclear power projects including the first phase of Jiangsu Xuwu Power Plant. Among them, there are three projects from China General Nuclear Power Group. 6 The unit was approved, a nuclear power project in China 3 One project of State Power Investment Corporation, approved for Taiwan units 2 The unit has been approved. At present, what stage is nuclear power development in China and globally? What is the current level of technology and key equipment in this field domestically? What are the prospects for nuclear power development in the future? / What about market space?     Frost & Sullivan Frost & Sullivan Jia Pang, Partner and Managing Director of Frost & Sullivan's Greater China Region, was interviewed by CCB News to discuss the current stage of nuclear power development and future prospects.   Cailian Finance & Economics News Agency   * Click at the end of the article Read the original text View the full report   Q :    What stage is nuclear power development in China and globally at present? (Has it gradually emerged from the shadow of the Fukushima nuclear disaster in Japan?) What is the level of key equipment, technology, and innovation in China's domestic sector? Currently, global nuclear power is in a phase of restart and development, with major nuclear power countries either restarting or expanding their nuclear investment. For example, 2023 year 12 month 2 Yesterday, led by the United States, France, and the United Kingdom 22 country in COP28 The coalition jointly launched the "Triple Nucleus Energy" declaration, proposing to 2050 The global nuclear energy installed capacity is set to triple to meet the current target, making nuclear energy a key link in achieving a net-zero path. 2024 year 3 In January, the Biden administration announced that it would provide 15 US$100 million loan to restart southwestern Michigan Palisades Nuclear power plant. 2024 year 4 In the month, Tokyo Electric Power Company of Japan announced that the Kashiwara Ibaraki Nuclear Power Plant in Niigata Prefecture 7 Total number of reactor units 872 The core fuel has been loaded and is expected to be completed this year 10 Monthly restarts began generating electricity. According to the China Nuclear Energy Industry Association 2024 year 4 China Nuclear Energy Development Report released monthly 2024 Blue Book, up to 2023 At the end of the year, there were a total of 55 Unit, total installed capacity 5,703 Ten thousand kilowatts, second only to the United States and France, ranking third globally. As of now, the number of nuclear power units under construction in China 26 Unit, total installed capacity 3,030 Ten thousand kilowatts, continuing to maintain first place in the world. After years of development through the independent innovation and development of digestive tract-related technologies, China's nuclear power technology level has reached a world-leading level. For example, 2023 year 12 The China Huaneng Shidao Bay High-Temperature Gas-cooled Reactor Demonstration Project, which started production in the month, is the world's first fourth-generation nuclear power plant to enter commercial operation.   Q :     Prospects for nuclear power development in the future / What about market space? According to the International Energy Agency IEA ) 2023 Global Energy Sector Released in [Year] 2050 Annual net-zero emission roadmap, expected by 2050 In [year], the global nuclear power installed capacity will reach 916 Jilin. Energy supply from nuclear power will also see a significant increase, 2020 year and 2050 It will double between the years. With the new round of nuclear power development plans in various major nuclear power countries around the world, global nuclear power development is expected to see a new peak in the coming years. * This interview has been published in the Financial Union, authored by Liang Xiangcai, with the original title: 'Global Restart, Domestic Acceleration Brings in tens of billions of investment at a time The nuclear power industry chain is expected to benefit in the long term".

EY Fudan Most Promising Companies 2024 Currently, artificial intelligence algorithm technology based on massive data is changing the operational models of traditional industries at an unprecedented speed and in ways that are transforming how businesses operate. It is generating new momentum for the development of all industries, accelerating the economic and social development towards intelligence, and 'empowering' high-quality development. Since the beginning of this year, China has been continuously making efforts in the field of artificial intelligence. From talent cultivation to technological innovation, from tax incentives to intellectual property protection, a series of policies have been introduced intensively, providing strong support for the development of China's artificial intelligence industry. We have witnessed many enterprises developing core artificial intelligence technologies through innovation-driven approaches and successfully applying them in multiple industrial fields, thereby bringing disruptive development to the entire market and environment. Artificial intelligence is becoming a key force driving industry innovation and economic growth. 2024 year 9 month 27 Today, “EY Fudan Most Promising Companies 2024 The awarding ceremony and the High-Growth Enterprise Symposium were held in Shanghai.   Frost & Sullivan Frost & Sullivan Frost & Sullivan, referred to as the 'Frost & Sullivan Group', is the co-sponsor of this selection event. Dr. Wang Xin, Global Partner at Frost & Sullivan and Chairman of the Greater China Region, attended the award ceremony as a representative of the co-sponsor and a member of the selection committee. He delivered a welcome speech for the event and presented awards to representatives of some of the winning companies. There are a total of 24 The enterprise was honored with the 'Most Potential Enterprise Award'. 12 Enterprises were awarded the 'Most Potential Seed Enterprise Award'. The emerging enterprises shortlisted mainly cover AI+ Major industries such as industry, life sciences, new energy, hard technology, and new materials. Among the award-winning enterprises 7 Home is from AI+ industry 12 I come from life sciences, 11 Home belongs to the hard technology industry, and industries represented by new materials and new energy have also received considerable attention. In recent years, driven by national strategic policies and market development, many enterprises are leveraging artificial intelligence technology to achieve a splendid transformation of their industries, thereby occupying advantageous positions in the fierce market competition.     Bing Shunjie, Partner-in-Chief of EY Greater China, said   "China is currently in an era of constant change, where opportunities and challenges intertwine. The complex and volatile market environment has brought new challenges to enterprises, but it has also provided impetus for organizational innovation and technological advancement. In the face of external uncertainties and complexity, a group of companies with disruptive creativity are actively responding to the national call for artificial intelligence and high-quality development plans. They are vigorously developing artificial intelligence technology and establishing a comprehensive standardization system for the artificial intelligence industry, bringing profound changes to industrial production and economic development." EY Greater China Business Partner Bi Shunjie     He Zhaofeng, Chairman of the EY Fudan Most Potential Enterprise Selection Project and Managing Partner for EY's Listed Companies in Greater China, said     " This year, artificial intelligence, as a key driving technology, is propelling a technological and industrial revolution, facilitating the deep integration of the real economy and the digital economy, changing production methods, and helping to build manufacturing, cyber, and digital powerhouses. In response to the national guidelines for the development of artificial intelligence and to systematically advance the standardization of artificial intelligence, emerging enterprises are rapidly growing and developing by applying artificial intelligence technology to fields such as transportation, logistics, information security, and industry. These enterprises provide strong momentum for China to move towards the forefront of an innovative country through continuous technological innovation and breakthroughs, promoting the development of China's industrialization empowered by artificial intelligence. Potential comes from continuous innovation and breakthroughs. We always pay attention to the development dynamics of emerging enterprises and are committed to promoting their rapid growth." Chair of the EY Fudan Most Potential Enterprise Selection Campaign, Partner-in-Charge of EY's Listed Companies Services for Greater China He Zhaofeng     Dr. Wang Xin, Global Partner and Chairman of Frost & Sullivan Greater China, said     :     "   In recent years, artificial intelligence is profoundly changing the era we live in with its rapid development momentum. Ernst & Young Fudan Most Promising Companies 2024 The selection activity is not only about AI The specific manifestation of iterative upgrading of industrial practice is, more so, a AI An in-depth analysis and exploration of industry frontier exploration, innovation-driven development, and benchmarking for value creation. Frost & Sullivan is honored to continue serving as a partner supporting the selection of the most promising enterprises at EY Fudan for the fourth time. We will leverage our expertise in industry analysis, market insights, and investment and financing consulting to fully participate in and assist with the nomination and evaluation process, jointly promoting the growth and development of outstanding enterprises and injecting new vitality into the prosperity of the capital market. Global Partner and Chairman of Frost & Sullivan Greater China Region Dr. Wang Xin   In addition, guests such as Professor Lü Changjiang, a doctoral supervisor at Fudan University and Deputy Dean of the School of Management, also delivered speeches at the award ceremony. Professor, Doctoral Supervisor at Fudan University, Deputy Dean of the School of Management at Fudan University Lv Changjiang Dr. Wang Xin presented awards to representatives of some of the winning enterprises The selection of 'EY Fudan Most Potential Companies' is an open competition, requiring participating companies to be non-listed entities with excellent performance and growth potential. This year's selection committee is composed of partners from EY member firms, senior experts and scholars from the Fudan School of Management. The selection adheres to the principles of professionalism, objectivity, and openness, based on a series of key indicators such as industry attributes, development models, and innovation capabilities, to discover companies with outstanding performance, healthy growth trajectories, and great development potential. The purpose of this selection is to recognize and encourage the practices of emerging companies that have made progress over the past year by uncovering their latest achievements and highlights within the industry market space. It aims to create a platform for emerging companies to connect with domestic and international capital markets, integrate diversified resources within ecosystems, help them shine brightly, and jointly promote high-quality development in China.     In the future, Frost & Sullivan hopes to continue collaborating with global think tanks such as EY and Fudan University, as well as top professional institutions, to jointly empower a new generation of future industry leaders to achieve all-round success and lead industry innovation and development!

Recently, Frost & Sullivan Frost & Sullivan Sponsored by Frost & Sullivan and co-organized by LeadLeo 2024 The 18th Frost & Sullivan China Growth, Innovation and Leadership Summit and the 3rd New Investment Conference were successfully held at the Jing'an Ruiji Hotel in Shanghai. The theme of this year's Frost & Sullivan New Investment Conference is 'Gather Strength to Win the Future', bringing together the wisdom and efforts of the global industry, academia, and investment community to jointly explore new growth points, markets, and tracks for China's economy in the new era. Mr. Peter Fung, Chairman of the Global Board of Directors at Frost & Sullivan David Frigstad ) Deliver a speech at the conference via video. Chairman of the Global Board at Frost & Sullivan Mr. Fuda Wei ( David Frigstad)       The following is Mr. Fuda Wei ( David Frigstad Key points of the speech: Welcome everyone. I am very proud to welcome you to this year's 18th Growth Innovation and Leadership Summit Shanghai China. Hello everyone! I am honored to welcome you to the 18th Frost & Sullivan Growth, Innovation and Leadership Summit (referred to as GIL Summit). I'm sorry I'm not there with you, but I'm with you in spirit. It's a pity I couldn't be there in person, but I'm connected with everyone through our hearts. And I'm so grateful that we're all here together at this record-breaking GIL event. I'm extremely grateful that we were able to achieve this record-breaking GIL We gather together at the grand event. What excites me about this year's GIL event is what's happening in the global economy, which we call the Intelligence Revolution. this year GIL What is exciting about the summit is that the global economy is undergoing a transformation, which we call the intelligent revolution. The first phase of history was truly shaped by the Industrial Revolution, which took about 150 years and had a profound impact on productivity, ranging from one to a thousandfold. The first half of history is about 150 The Industrial Revolution of the year shaped it, having a thousandfold impact on productivity. What we're going through right now is the Intelligence Revolution, which will probably occur in ten years, and we may see another tenfold increase in productivity over that period. This means there are unprecedented opportunities bubbling up all over the world. The intelligent revolution that we are currently experiencing is expected to be completed within a decade. During these ten years, our productivity may increase by hundreds or thousands of times. This means that unprecedented opportunities have emerged around the world. At the same time, incumbent competitors or players in the global economy face significant risks of being harmed by this transformation. At the same time, existing competitors or participants in the global economy are facing significant risks of being impacted by this transformation. This is what the Growth Innovation and Leadership Summit is all about - coming together to understand the transformation, what growth opportunities will stem from it, and what best practices we need to embody to outperform our toughest competitors. This is precisely the significance of the Growth, Innovation and Leadership Summit: people come together to understand this transformation, discover the growth opportunities that arise from it, and discuss the best practices we need to adopt to defeat the strongest competitors. So it's very interesting at the moment because I feel that Chinese companies like yours have unprecedented opportunities to leverage their manufacturing skills and best practices, as well as the technology integration that's been so successful here in China. I believe that the Chinese enterprise representatives here all have unprecedented opportunities, leveraging your skills and best practices in manufacturing, as well as the successful technology integration that has been achieved in China. These can now be scaled globally, creating fantastic opportunities, especially as the world undergoes this transformation, driven by advanced manufacturing, robotics, AI... all of these things that you are integrating now to make you a much stronger and faster competitor. These can now be rolled out globally, creating excellent opportunities, especially as the world undergoes a transformation driven by advanced manufacturing, robotics, and artificial intelligence. All these technologies that you are integrating now will make you a stronger and faster competitor. To do this, you really need to understand not only what's transforming the industry you're participating in but also creating the ecosystem of the entire value chain. To achieve this goal, you not only need to understand the factors changing the industries you are involved in but also need to build an ecosystem across the entire value chain. And this is not just the supply chain, but also the customer value chain, the marketing value chain, the technology value chain, and who are the right partners that you want to invest in to partner with to develop these opportunities. This is not just a supply chain issue; it also includes the customer value chain, marketing value chain, technology value chain, as well as suitable partners with whom you wish to invest and collaborate to develop these opportunities. So having a much more global mindset about how we're going to exploit these opportunities around the world. Therefore, you need to have a more global mindset to consider how to leverage these opportunities on a global scale. This is really a great time for Chinese companies to explore these global opportunities. For Chinese enterprises, this is indeed an excellent time to explore these global opportunities. On behalf of the entire Frost & Sullivan Global Team, I would like to first express my gratitude to everyone in the audience for your loyalty and dedication, taking valuable time out of your lives to help make this GIL event so powerful and popular, and bringing such great value to all of us. On behalf of the entire Frost & Sullivan global team, I would like to first express my gratitude to all of you here for taking the time out of your busy schedules to contribute so generously to this session. GIL The summit was so influential, so popular, and brought tremendous value to all of us. So thank you to all of our participants, clients, delegates, speakers. Big thank you. I would like to thank all the participants, customers, representatives, and speakers. Thank you very much. I would also like to thank my good friend and partner Dr. Neil Wang who made all this possible. I would also like to thank my good friend and partner, Dr. Wang Xin, who made all of this possible. He is by far the best leader we have in translating the Frost & Sullivan vision not only into China but into the entire global economy. He is our most outstanding leader, bringing the Frost & Sullivan vision not only to China but also into the entire global economy. Dr. Wang, thank you very much. Dr. Wang, thank you very much. And I would also like to express my heartfelt gratitude to the entire Frost & Sullivan team who is here with us today, making your experience the absolute best. I would also like to express my heartfelt gratitude to all the Frost & Sullivan team present today, who have brought the entire event experience to its optimal state. So have a great time finding some new growth opportunities, meeting some new friends, developing partnerships, and I look forward to seeing you next year. I hope everyone can have a pleasant time, find some new growth opportunities, make new friends, develop more partnerships, and sincerely look forward to meeting with you again next year. Thank you so much. Xie Xie. Thank you very much.

Recently, Frost & Sullivan Frost & Sullivan Sponsored by Frost & Sullivan and co-organized by LeadLeo 2024 The 18th Frost & Sullivan China Growth, Innovation and Leadership Summit and the 3rd New Investment Conference were successfully held at the Jing'an Ruiji Hotel in Shanghai. The theme of this year's Frost & Sullivan New Investment Conference is 'Gather Strength to Win the Future', bringing together the wisdom and efforts of the global industry, academia, and investment community to jointly explore new growth points, new markets, and new tracks for the Chinese economy in the new era. Mr. Zou Yaru, Global Partner and Executive Director of the Board at Frost & Sullivan Aroop Zutshi ) Attended the opening ceremony and plenary session, and delivered a welcome speech. Global Partner and Executive Director of the Board at Frost & Sullivan Mr. Zou Yaru Aroop Zutshi)     The following is Mr. Zu Yaru ( Aroop Zutshi) Key points of the speech: Ni Hao, a very nice morning to all of you. Thank you so much for coming. On behalf of the Board of Directors of Frost & Sullivan, my fellow partners, some of whom are in this esteemed audience, Neil Wang, who oversees all of our Greater China operations and is also involved in helping us with global board-level discussions on direction and strategy. I am also with me Mr. Shivaji Das, who manages our Asia Pacific operations: Australia, New Zealand and some parts of South Asia. I have with me Mr. Robin Joffe who manages our Middle East, Africa, and our European businesses. Of course, I'm based in California, so I can also say that I represent the US and Latin American markets. We have a solid team of people, including my team here in China, who can help you navigate through what I consider to be the most transitive and transformative elements in our business world today. Hello everyone! Good morning! On behalf of the board of directors and partners at Frost & Sullivan, I would like to thank you all for coming. Please allow me to introduce our Frost & Sullivan partner present today: Dr. Wang Xin, who serves as a global partner at Frost & Sullivan and Chairman of the Greater China region, leading the global development direction and strategy of Frost & Sullivan; Shivaji Das Mr. Frost & Sullivan Partner and Managing Director for Asia-Pacific; Robin Joffe Mr. Frost & Sullivan partner and President of the Middle East, South Asia, and North Africa region. As I am based in California, I can I would like to say that I represent the US and Latin American markets. In summary, we have a strong team here to help you navigate the ever-changing global business environment. So, you've heard from David who talked about transformation. It's now becoming very important that every company in the world needs to understand what this transformation means. My focus today is to help you all understand how to navigate this transformation, how to survive and thrive in this transformative world that we are living in today. Before we started this meeting, I met with some of the senior leaders from China, and everyone talked about how things are changing, and how businesses are being impacted. And as I travel around this world, I see this happening in every geography, no matter what sector you're in - healthcare, ICT, energy, environment, mobility - every industry is going through some type of transformation. As Chairman Fu Dawei just mentioned, transformation is very important, and businesses around the world need to understand what this transformation means. The focus of my speech today is to help everyone understand how to navigate this transformation and how to seek survival and development in today's world of constant change. Before the start of this meeting, I met with some local Chinese business executives, each of whom was talking about changes and their impact on the market. I have traveled around the world and found that every industry and region in the world is experiencing change, whether it is healthcare, information and communication technology, energy, environment, or mobile fields. And what will happen is, if companies, regardless of their size, do not understand that transformation, the ability to grow, survive, and thrive will not be easy. And you know, in today's day and age, if CEOs of companies do not make their companies grow, they find it difficult to survive, and the most recent casualty of that lack of growth was what we saw with the Starbucks CEO just about a week ago; he was let go, he was removed from his position as the CEO of one of the largest, most effective companies and brands in the world. So it can happen to anyone. So that's where you have to understand what this whole process is all about. And I view growth as a journey. Regardless of the size of the enterprise, if it cannot cope with transformation, then it will find it difficult to achieve growth, survival, and development. As is well known, if a company's CEO cannot enable the company to grow, they It's difficult to survive. About a week ago, the CEO of one of the world's largest and most influential brands, Starbucks, was fired due to declining sales. Similar scenarios may occur to every executive, so we need to understand the entire process of growth realization. I believe there are steps in achieving growth. So today, I'm going to share with you some ideas about how and what you can do to survive this transformation. The first thing you have to understand is transformation itself: what are the strategic imperatives that are likely to impact your specific industry, your specific region of the world, or even a technology that is likely to impact you. You have to understand the scale of the transformation, you have to understand the duration of the transformation, and you also have to understand the impact of the transformation. So today, I will share with you some methods on how to cope with change. First and foremost, it is important to understand the change itself: which strategic decisions and technologies will affect your industry and region. It is also essential to grasp the scale of the change, its duration, and the impact it brings. Therefore, if you understand what these strategic imperatives are, which range from what I like to call transformative megatrends, they look at all disruptive technologies, they consider changes in customer profiles and purchasing behaviors. We have seen this even in the Starbucks situation. Nowadays, young people do not want to buy coffee the way their parents did; middle-aged people used to buy it this way. Similarly, Generation Z and Generation Y people no longer want to buy assets but prefer to operate in an assured economy. This is why organizations like DiDi, or for that matter Uber/Ola, and many other companies providing shared services are doing extremely well worldwide. If you understand what these strategic highlights are: covering the big trends of change, disruptive technologies, shifts in customer demographics, and changes in purchasing patterns. Take Starbucks as an example; we see that today's young people do not buy coffee like the middle-aged did in the past. In addition, Z Generations and Y Generations of people prefer to operate in a secure economy over purchasing assets. This is why companies like Didi Chuxing Uber , Ola The company, along with many other shared service providers, has performed extremely well globally. So, these are trends that you have to understand before you figure out what you are going to do when you enter global markets. So, the first thing you have to figure out is what those strategic imperatives are, as well as economic imperatives. For example, in some regions of the world, you are seeing economic growth. We believe that regions like Africa, for instance, and I know we have two guests who have flown in from Congo, there is incredible opportunity for growth. Similarly, there are growth opportunities in emerging markets such as South Asia, including countries in Latin America, where we are seeing some massive growth. Of course, the big Western economies of the US and Europe will always remain strong, they are the drivers. The economic drivers mean that the US will not disappear, nor will the European region, but growth rates may slow down over time. However, in emerging markets where populations are extremely high and their ability to afford products and services is on the rise, you will see massive economic activity. Before you decide to enter the global market, you must first understand these trends. This is what I mean by strategic points and regional economic considerations that you need to clarify first. For example, in some regions of the world, we see economic growth. Today, we have two guests flying from the Congo. Taking Africa as an example, we believe there are incredible growth opportunities there. In addition, emerging markets such as South Asia and Latin America also present tremendous growth opportunities. Of course, Western economies such as the United States and Europe remain strong, serving as economic drivers. Therefore, the US market will not disappear, nor will the European market, but growth rates may slow down over time. However, in emerging markets, with a large population and continuously increasing purchasing power, there is massive economic activity. The second part of this framework that you need to understand is what I call the ecosystem. You must comprehend who are the participants in this ecosystem. In addition to direct competitors, which most companies consider and focus on, you also need to understand who else participates in that ecosystem, what impact they have, how they shape your strategy, what kind of products and services you can develop by leveraging the ecosystem, what R&D labs you can collaborate with, and what investment communities you can engage with. These are very important factors that you must consider when trying to understand the ecosystem. How ecosystems within one sector may apply to ecosystems in another sector. Understanding becomes very important, and that's when growth happens Not by accident but by a plan and by a journey. The second part that needs to be understood is what I call the ecosystem. It involves understanding who the participants in the entire ecosystem are, not only the direct competitors that most companies focus on, but also other participants. What roles they play in the system, how they influence it, and how they affect your strategy. What products and services you can develop within the ecosystem, with which R&D laboratories you can collaborate, and with which investment teams you can partner with are all very important factors that you must consider. When trying to understand the ecosystem, it is crucial to consider how the ecosystem of one industry applies to that of another. This understanding is very important because only in this way can growth not be accidental but planned and step-by-step. The next thing is, of course, to look at the growth generator. In other words, you look at data. Decisions have to be made based on data, not on gut feeling. Many, many businesses worldwide, including companies in the Middle East and in the United States, in Europe make decisions based on gut feeling. I wish that gut feeling were the way to make decisions, but in today's day and age, with so much data available and so much technology around AI, you can actually make very informed decisions. Therefore, understanding how to leverage AI to generate and evaluate the decision-making process will be very important. Collecting the right data, timely data, insightful data, and AI-ready data are very important in the growth generator phase. So, if you can do that successfully, you are in very good shape, because every decision you will make will be in the right direction. The next step is to focus on the growth engine, in other words, on data. Decision-making cannot rely solely on intuition but on data. Many businesses around the world, including those in the Middle East, America, and Europe, make decisions based on intuition. I hope that intuition can also lead to correct decisions, but in today's era, very wise decisions can be made through a large amount of data and advanced artificial intelligence technology. Therefore, it is now very important to understand how to use artificial intelligence to generate and evaluate decision-making processes. In the process of achieving growth, it is crucial to collect correct, timely, insightful artificial intelligence data. If you can successfully do this, you are in a very advantageous position because every decision you make will move in the right direction. Obviously, as our chairman mentioned, the most important part is that due to this transformation, there are incredible opportunities for growth. Many traditional companies are being disrupted, and this is happening across the world regardless of size. At the same time, many new opportunities are emerging, coming up the system, and you have to understand what those new opportunities are. One way to do that is to look at it from six different perspectives. As you have just heard from President Fugawa, the most important thing is that this transformation has brought about tremendous growth opportunities. Many traditional companies, regardless of size, are undergoing disruption, a phenomenon that is happening around the world. At the same time, many new opportunities are emerging. To understand what these new opportunities are, they can be analyzed from six different perspectives. You look at mega trends, you have to understand what are those big transformative trends that are going to change and shape the world. You have to understand technologies, there are too many technologies not just AI, it can be AR, VR, it can be quantum, it can be technologies related to data analytics analysis. You have to make sure that you are ready for all of that technology that is coming your way, whether you like it or not it will impact your business, it will impact your region, and this is something that's being felt with both private sector companies as well as governments worldwide. So you have to be prepared to understand these technologies. Then like I said, you have to understand what the economical, geopolitical issues are in each of the regions of the world so You can better prepare yourself and ensure that your supply chains are resilient for what can become a long-term issue in the marketplace. So based on that, and to the prism of these strategic comparisons, you identify these growth opportunities. And I can tell you there are many, many new opportunities out there, which is one of the reasons why you look at the startup ecosystem. The startup ecosystem is very vibrant in all parts of the world because there are so many different opportunities that are opening up that typically large companies don't work on but smaller startup-type companies try to capture those opportunities. We're getting unicorns emerging from almost every part of the world today, unlike in the past. So in our opinion, there are incredible growth opportunities, and you have to keep track of it and make sure you build a pipeline of these opportunities, okay, and only if you have a pipeline, growth becomes continuous and not ad-hoc, which is what most companies suffer from. Pay attention to major trends and understand what significant transformative trends will change and shape the world. Understand technology; there are many new technical means currently, not just artificial intelligence. AR , VR Quantum technology, as well as data analysis-related technologies. You must ensure that you are prepared for all the new technologies coming ahead, whether you like them or not; they will affect your business and your region, which is something private businesses and governments around the world are experiencing. Therefore, you must be prepared to understand these technologies. You also need to understand the economic and geopolitical issues in every region of the world so that you can better prepare and ensure your supply chain can withstand factors that may become long-term market problems. Based on this, from the perspective of strategic comparison, you can identify these growth opportunities, and there are many new ones. The entrepreneurial environment is very active around the world, so you also need to pay attention to it. In the face of new opportunities, large companies usually do not try, but smaller startups will try to seize these opportunities. Unlike in the past, today we have almost unicorns emerging from all over the world. So in our view, there are indeed incredible growth opportunities, and we need to track these opportunities and establish effective channels. And growth will only be sustainable, not temporary, when you have channels. In my work with companies around the world, one question I ask them all the time is, "Do you have a growth pipeline system?" And you'll be surprised even the largest multinational companies in the US, Europe, and other parts of the world do not have a growth pipeline system. And this is very important to build a growth pipeline. So, I encourage everyone here as you go back to your offices to build a team of people who can focus on how to identify these growth opportunities and therefore build a pipeline. Of course, you have to prioritize those because you can't go after every opportunity. When I collaborate with companies around the world, I often ask one question: "Do you have a growth channel system?" You'll be surprised to find that even the largest multinational companies in the United States, Europe, and other parts of the world do not have a growth channel system. However, building growth channels is very important, and I hope that after everyone returns to the office, they will form a team focused on identifying these growth opportunities and thus building channels. Of course, you must consider priorities because you cannot chase every opportunity. So the most important one is understanding your competition, and one way to do that is to look at a framework like the Frost Radar, which evaluates companies both on innovation, as well as on growth implementation. So it's not just about listing what products and services are available, but rather evaluating based on that and then positioning yourself in the market vis-à-vis your competitors. This puts you in a very powerful position not only to grow, but to grow faster than your closest competitor. And one thing we all saw in the Olympics, there's only one gold winner. You saw the level of competition year after year, rising higher and higher. Gymnastics used to be scored on a scale of one to ten, now gymnastics is on a scale of one to sixteen, because the level of competition has gone up and up and up. So, there's only one gold medal winner, and that's what will happen in our organizations as well. There will only be one winner in the future, there is no number two, there is no number three. Because if you don't end up becoming number one, you will end up losing market share, which means being completely destroyed as a whole. Another very important aspect is understanding your competitors. One way to do this is to use systems like the 'Frost & Sullivan Radar' to assess a company's innovation capabilities and execution of growth strategies. It doesn't just look at what products or services there are, but rather evaluates on this basis, determining your positioning through comparisons with competitors in the market. In this way, you are in a very advantageous position; not only can you develop, but you can also grow faster than your closest competitors. As we saw at the Olympics, there was only one gold medal. It can be seen that the level of competition is constantly improving every year. The scores in gymnastics competitions used to be 1 than 10 Now, it is 1 than 16 Because the competition level is constantly improving. There will be only one gold medalist, and this will also happen in the business market. In the future, there will be only one winner, with no second or third place. If you ultimately do not become the first, you will eventually lose market share and be defeated as a whole. Finally, you must look at best practices, which means how do I go to market, what are the different growth processes I have to consider, whether it's a merger and acquisition or looking at ways to introduce new products or services into the market. And finally, identify companies that you can take action on with, which are those companies with whom you can partner, buy their products from, and supply them with your own products. Understanding your ecosystem is therefore very important as you embark on a global journey. Finally, it is also necessary to study the optimal implementation path, which refers to how to enter the market, what different growth strategies can be adopted, whether to choose mergers and acquisitions or introduce new products and services. It is also essential to identify which companies can cooperate with and whether they can purchase products from these cooperative enterprises or sell them to them. Therefore, in the process of globalization, understanding the industry ecosystem and determining the actions a company should take are very important. From my experience, Chinese companies are very well-positioned to be a major participant and take advantage of these global opportunities that are emerging. However, they need to follow a process. What I have shared with you today is a process that will ensure that as you embark on this journey, which I think you should do, because there is so much more that can be done in all parts of the world. Some of my colleagues who are here have expertise in those regions, so please reach out to them. They will be more than happy to work with you and help you build a robust strategy to operate in these various geographies. Then we can ensure that you are successful and avoid costly mistakes. In my view, Chinese enterprises are fully capable of making full use of these global opportunities to become an important part of the world economy. However, they still need to follow a development process, and what I am sharing today is such a process for achieving growth. I hope you can do the same, as there are many more opportunities globally. My colleagues are very professional in their fields and can be contacted; they will help you build a strong strategy for development in different regions to ensure success without high costs. We are very willing to cooperate with you. So once again, I would like to thank you very much for coming. I wish you a very successful day. Please engage with your audience, please engage with people, which is why we are here together in the first place. And as I met some senior executives, what will ultimately happen is that when we work together, we will succeed together. So with that, thank you again. Xie Xie. I would like to thank you all once again for coming today. I wish you a pleasant day. I hope that through this opportunity, we can gather together, interact with other audiences, and with those around us, to increase communication and cooperation. May we move forward hand in hand towards success. Thank you all once again, thank you.