2023 Food Research Expo Super Ingredients Conference In the past few years, China's 'big health' industry has developed rapidly, to 2030 In [year], the scale of China's health industry is expected to reach 16 Trillion yuan. As one of the industries closest to end-consumers, the 'health' concept is accelerating its penetration into people's daily dietary scenarios. Eating Research Exchange FTA Sponsored “ 2023 The Food Ingredients Super Conference ” is held at 11 month 29 day -30 The conference was held in Hangzhou on the 1st, with the theme 'Making Food Innovation Simpler'. 1 The event includes the main forum and four parallel sub-forums: 'Sugar Alcohols and Functional Sugars', 'Synthetic Biology', 'Intestinal Health', and 'Oral Beauty'. It fully leverages the brand advantages of Food Research & Innovation, delves into 'Super Ingredients', explores 'Popular Ingredients', and brings together experts from the global food and beverage industry, well-known enterprises, university scholars, and innovative brands. By combining cutting-edge depth with top-tier elegance, it opens up new horizons in food and jointly contributes to the innovation of food ingredients.   Frost & Sullivan Frost & Sullivan Zhang Jian, Partner and Managing Director of Frost & Sullivan's Greater China Region, was invited to attend the conference. He participated in the Sugar Substitutes and Functional Sugar Forum, delivered a keynote speech on 'The Development Trends of China's Sugar Substitutes Industry', shared the current situation, consumer profile, market scale and development trends of China's sugar substitute industry, and also took part in the roundtable forum. Together with the attending guests, they discussed how future foods can balance sweetness and health. Partner and Managing Director of Frost & Sullivan Greater China Region Zhang Jian According to Zhang Jian, the first generation of sweetener sodium saccharin was born in 1879 In [year], the industry has evolved to include the sixth-generation sweetener product - Nuotai, and future sweetener-related products are expected to continue updating and iterating. Currently, the upstream raw materials of China's sugar substitute industry include natural plants, enzyme preparations, chemical raw materials, etc.; the midstream involves a series of production processes such as extraction, processing, and synthesis of raw materials; the downstream is divided into To B and To C Two sales ends, B The end product is mid-game sold to brand owners, who then incorporate sweeteners into their products. C The end product is for direct consumption by consumers. With the improvement of residents' living standards, their sugar intake has risen, leading to increasingly serious problems such as obesity and diabetes among Chinese residents. 2020 In China, the overweight rate and obesity rate among adults were 35% and 15% , as compared to 1992 In [year], the overweight rate and obesity rate increased significantly; 2011 The number of diabetic patients per year is 2001 year 4 times, 2021 The annual diabetes multiple soared 2001 year 6 times.   Consumer demand is constantly increasing, with heightened awareness of sugar reduction. The market for low-sugar and sugar-free products has begun to rise, boosting the development and technological innovation of China's sugar substitute industry.   "The demand for artificial sweeteners is constantly increasing, the global artificial sweetener market is growing steadily, natural sweeteners are performing outstandingly, and there is broad room for growth in China's artificial sweetener industry."   Zhang Jianjian further said, 2020 The global scale of artificial sweeteners is 192.3 Billions of dollars, limited by its non-natural nature and relatively low safety level, has led to a slow growth trend in the artificial sweetener market. 2016 - 2020 The annual compound growth rate of the artificial sugar industry is only 4% The global natural sugar substitute industry is seeing considerable development potential, as 2016 year 50.2 USD billion growth to 2020 year 80.1 billion US dollars, with a compound growth rate of 10% Due to the advantages of natural sugar substitutes such as health and good taste, their scale is expected to further expand, by 2026 The year will grow to 166.7 US dollar, compound growth rate 13% . China is the largest producer of artificial sweeteners, accounting for about [missing percentage] of the global production. 75% It is expected that China's consumer market will further expand. 2022 The market scale of sugar substitutes in China in 2019 was approximately 70 RMB 10 billion, and the total consumption of sugar substitutes is about 30 10,000 tons. With the continuous increasing demand for artificial sweeteners, it is expected that by 2023 The annual market scale will reach 201 RMB 10 billion, with a compound growth rate of 14.12% estimated 2030 The total consumption of confectionery products in the year is about 470 10,000 tons.       Zhang Jian pointed out that at present, the sugar-free diet in China is still in its infancy. The penetration rate of sugar-free beverages, baked goods, candies, frozen drinks, and other food and beverage categories is far lower than that in developed countries. Consumers are more receptive, the scale is growing rapidly, and there is still considerable room for development. It is expected that by 2030 In [year], the incremental space for China's sugar substitute industry is 440 10,000 tons. When discussing the future development trend of the artificial sugar industry, Zhang Jian said: ① The pattern of artificial sugar substitutes will change. The internal structure of synthetic sweeteners has been evolving continuously. Aspartame, the previous king of artificial sweeteners, is gradually being replaced. Sucralose and trehalose are growing rapidly due to their relative safety; ② Affected by the booming demand for sugar-free beverages downstream, the concept of sugar-free and healthy lifestyles has further taken root in consumers' consciousness, with the market share of natural sugar substitutes increasing year by year; The compounding of sweeteners utilizes the synergistic effects between various sweeteners and the physiological characteristics of taste to achieve a more diverse range of flavors. The use of compound sweeteners has become more common and widespread, with the market gradually expanding; ④ The application scenarios of artificial sweeteners are rich and diverse. Sugar-free beverages and sugar-free baking will be areas of rapid market growth. In addition to snack foods, condiments and personal care products are also major current application scenarios for artificial sweeteners, which will drive more application consumption in the future; ⑤ Erythritol has become a new consumption trend for sugar substitutes, and the compliant entry of allose into the food additive field in China is a milestone that will change the competitive structure of China's sugar substitute industry. Although consumers have a strong awareness of reducing sugar intake, humans are naturally infatuated with and love sweetness. They do not want to sacrifice sweetness, so future foods need to balance sweetness with health.   On the day of the event, chaired by Yuan Peng, Deputy Director of the Food Department at the China National Institute of Food Technology, Zhang Jian and colleagues including Tian Shi Yi, Deputy Dean of the School of Food and Bioengineering at Zhejiang Gongshang University, Lu Kai, Marketing Director of Guilin Rhine Biotechnology Co., Ltd., and Zou Qibo, Managing Director of Zhangjiagang Fujijia Food Co., Ltd., a subsidiary of Daoxiangcun Group, engaged in a deep discussion on 'How can future foods balance sweetness and health?' Against the backdrop of increasingly severe chronic diseases and obesity issues globally, consumers are paying more attention to their sugar intake and have started to strictly control their sugar consumption. How should we view this trend of reducing sugar consumption? Under the general trend of sugar reduction, how should food companies innovate? Zhang Jian stated that the sugar reduction trend has never been accidental. Currently, chronic diseases and obesity are becoming increasingly serious worldwide, consumers are paying more attention to their sugar intake, and have begun to strictly control their sugar consumption. Sugar reduction has become a focal topic at the forefront of the food industry. With the awakening of the 'anti-sugar movement' and public health awareness, 'sensitivity to the taste of sugar' has become a consensus among many consumers.   An upgrade and reshaping of the food industry are imminent, with many food companies joining the sugar reduction movement. Against this backdrop, Zhang Jian believes that 'innovation in the sugar reduction sector lies in perseverance!' Zhang Jian used Nongfu Spring's Oriental Leaf as an example, pointing out, 2011 In [year], when Nongfu Spring's Oriental Leaf had just been launched on the market, it received a very poor response. However, Nongfu Spring never gave up on the Oriental Leaf product line, firmly believing that sugar-free would be the trend in the future beverage market. They made extensive brand promotion and product innovation, and made multiple improvements in packaging, taste, and other aspects. Ten years later, Oriental Leaf has seen a consumer upgrade towards 'sugar-free' and 'healthy' products, becoming the market leader in the sugar-free tea category.

Since Beijing successfully bid for the Winter Olympics in 2015, our country has achieved the goal of 'inviting three hundred million people to participate in ice and snow sports', which has laid a solid mass foundation for the in-depth development of ice and snow sports and the industry. With the arrival of winter in the north, ski resorts in Xinjiang, Heilongjiang, Jilin, Hebei and other regions have gradually started their new snow season operations. What is the overall technical level of the skiing population in our country? What is the status of the user structure? Will this level and structure also affect the planning and investment in hardware equipment at ski resorts? In northern regions, what is the approximate investment for a medium-sized ski resort? What is the profit margin? For most skiers, what skiing equipment are they roughly in need of? What is the market position of domestic brands? Have there been any absolute leading brands emerging in the field of skiing training in our country? Has the business model of skiing training institutions fully taken off? What is the overall profit structure and sustainability? Based on the release by Frost & Sullivan (Frost & Sullivan, hereinafter referred to as 'Frost & Sullivan') in July 2023 China Ski Industry Development Report Jia Pang, Partner and Managing Director of Frost & Sullivan Greater China, was interviewed by China Business Network to discuss the above topics. China Business Network   About Participants in Ice and Snow Activities   The 'China Skiing Industry Development Report' released by Frost & Sullivan this year shows that the number of skiers in China has gradually increased from about 7.6 million in 2020 to 12 million in 2022, while the number of skiing visits has also risen from 16 million to nearly 22 million. It is estimated that by 2027, the number of skiers in China will reach nearly 35 million, with skiing visits reaching nearly 90 million.   Excuse me: What is the general user profile of these groups? For example, region, age, gender, purchasing power, technical level, etc. What is the overall technical level of skiing enthusiasts in our country? What is the current state of the user structure? Will this level and structure also affect the planning and investment in hardware facilities at ski resorts? How do you view the development of China's skiing industry with the emergence of 'jeans skiers'?'   Jia Pang Partner and Managing Director of Frost & Sullivan Greater China Region   Currently, the main group participating in skiing in our country are young, highly educated, and high-income consumers from first-tier cities. In terms of gender, there are more men, accounting for about 70%. In terms of age, consumers born in the 1980s and 1990s account for about 80%. Overall, the skiing community has a strong purchasing power, with most having an average monthly daily consumption expenditure (excluding rent and mortgage payments) of over 5,000 yuan.   From the current technical level of skiers, more than half of them are still beginners. The vast majority of users have participated in skiing for no more than 5 years. The planning of ski resorts, especially outdoor ones, is greatly influenced by natural conditions such as snowfall, altitude differences, slope lengths, and so on. The construction planning of ski resorts also takes into account the current user structure, which is mainly composed of beginners. This will to some extent increase the proportion of beginner slopes and entertainment areas.   The term 'jeans skier' originates from the phrase skiing in jeans. In the early days, due to the high cost of professional snow suits, many people chose to ski in jeans. However, jeans do not provide sufficient warmth and waterproofing, and they have certain limitations on the movements that skiers can make, making them unsuitable as skiing equipment. In today's environment, there are now sufficiently inexpensive snow suits available for skiers to choose from. Therefore, 'jeans skier' is now considered a group lacking in skiing knowledge and experience. But 'jeans skier' is also a target demographic in the skiing industry. How to popularize basic skiing knowledge, enhance public awareness of skiing, and transform the enthusiasm of 'jeans skiers' into safe and professional participation actions is an important part of industry development.     About Ice and Snow Rinks   The 'China Skiing Industry Development Report' shows that during the 2021/22 winter season, about 700 ski resorts were operating nationwide, mainly concentrated in northern China. Indoor ski resorts in China account for more than 40% of the global market and are undoubtedly the world's largest. Among the top ten indoor ski resorts globally, half are from China.   Excuse me: In the northern region, what is the approximate investment for a medium-sized ski resort? What are the main areas of investment? How long is the payback period? What is the profit margin? Which types of business entities usually invest in building ski resorts? Similarly, what is the situation with indoor ski resorts?   The investment and construction of ski resorts mainly involve land costs, design costs, construction and installation costs, equipment and materials costs, operational management costs, etc. These costs vary greatly due to various factors such as geographical location, climatic conditions, and local policies. Generally speaking, the basic investment for an outdoor ski resort covering about 1 million square meters is about 100 to 200 million yuan. For an indoor ski resort covering about 20,000 square meters, the basic investment is about 200 to 300 million yuan.   The return cycle and profit margins vary greatly among projects, making it difficult to obtain universally meaningful data. Whether it is an outdoor or indoor ski resort, facilities such as accommodation, dining, and shopping are usually provided. Therefore, real estate companies have become the main force in investing in and constructing ski resorts domestically. In recent years, the skiing industry has become an important layout for real estate companies in the cultural and tourism sector, with companies like Rongchuang, Vanke, and Wanda being very active players. In addition, local state-owned tourism development companies are also important investors and developers of ski resorts.   The 'China Ski Industry Development Report' shows that China's ski industry started relatively late, having only been around for twenty years, and is currently in the market startup phase. The overall development and operational level of ski resorts still need improvement. Currently, there are no domestic outdoor ski resorts that rank among the world's leading ones. It is expected that in the future, the importance of ski resort operators with professional development and operational capabilities, as well as comprehensive management systems, will gradually become prominent, driving continuous growth in the domestic ski operation market.   May I ask: How should we understand that the overall development and operational level of ski resorts need improvement? What are the specific areas for enhancement? Compared to world-class outdoor ski resorts, where do our country lag behind? In which direction should we strive for improvement? How can we fully tap into potential during both peak and off-peak seasons?   Most of our outdoor ski resorts only have the capacity to operate during the snow season, and have not yet formed comprehensive resort areas that offer four seasons of activities similar to those found in France's Chamonix or Canada's Whistler resorts. From the perspective of specific operations, our outdoor ski resorts still rely mainly on direct consumer income such as cable cars, tickets, rental of snow clothing and equipment, and coaching services. Indirect income from catering, accommodation, entertainment, and even tourism real estate is still very limited. At the same time, the more mature business models abroad such as integrated operations by ski alliances, ecological tourism collaborations, and cultural integration are not yet fully developed in China.   In the future, to enhance the development level of outdoor ski resorts in China, it is necessary to continuously improve service quality and user experience around user needs. By integrating resorts, star-rated hotels, dining, tourism, and other projects, the resort's diversified service capabilities can be enhanced. At the same time, by deeply integrating skiing sports with ecological tourism resources and regional characteristic cultures, distinctive business features can be created for ski resorts.   About ice and snow equipment   Skiing equipment can be roughly divided into products required for ski resorts and products needed by users. The 'China Skiing Industry Development Report' shows that China has the largest beginner skiing market. After the Winter Olympics, as more and more residents join the skiing sport, there will be a huge market demand for entry-level skiing equipment.   Question: For users, what are the main components of entry-level skiing equipment? What skiing equipment is generally needed for most skiers? What is the market position of domestic brands? What are the differences in price, quality, and categories? As for ski resort equipment, which products are mainly concentrated on? Is there a significant difference in market position between international and domestic products?   Skiing equipment such as ski suits, ski helmets, ski goggles, ski gloves, ski boots, skis, and skis poles are all essential for skiing. There is no significant difference in the categories of equipment between beginners and advanced levels, but there are differences in product performance, appearance, material, price, and other aspects.   Overall, domestic brands are gradually increasing their market share, especially in the areas of ski clothing and accessories, thanks to their high cost-performance ratio. However, international brands have more advantages in terms of design, product quality, and brand awareness when it comes to hardcore equipment such as skis, bindings, and boots. Domestic brands still have significant room for improvement in these categories.   The equipment at ski resorts mainly includes snow-making equipment, snow compacting equipment, cable car equipment, lighting equipment, ski gear and maintenance equipment, rescue equipment, etc. Among them, snow-making equipment and cable car equipment are relatively critical. Currently, there is no significant difference in product quality and technical level between international and domestic products, especially driven by the Beijing Winter Olympics, which has seen a surge in outstanding domestic enterprises. Taking snow-making machines as an example, in the domestic ski market, domestic and imported products currently occupy about the same market share.   The 'China Skiing Industry Development Report' shows that among early skiers, about 15% spend an annual expenditure of 5K or more on skiing equipment, and users with an annual expenditure between 3K to 5K account for about 40%.   Excuse me: What are the essential items for skiing equipment? What are the development trends of skiing equipment and what are their characteristics? Has the role played by local brands been adjusted?   Skiing equipment such as ski suits, helmets, goggles, gloves, boots, skis, and poles are essential for skiing. For beginners, they usually choose to rent the skiing equipment at ski resorts. Focusing on user needs, skiing equipment is developing in directions such as personalization, functionality, and intelligence.   Overall, the high-end and professional skiing market in China is dominated by overseas brands. Domestic brands mainly develop through two models: capital operations such as joint ventures and acquisitions, and by targeting cost-effective products in both capital and industrial sectors.   Supporting services for the skiing industry   Skiing training is gradually improving, and the number of skiing events is also increasing.   Excuse me: Has there been an absolute leader in the field of skiing training in our country? Has the business model of ski training institutions been fully implemented? What is the overall profit structure and sustainability like? Skiing training needs to be carried out at ski resorts and requires a large number of professional skiers. The training model is usually one-on-one or small group classes, making it difficult to develop on a large scale. Therefore, it is unlikely that there will be an absolute leading brand. However, in terms of training qualified skiers, there is currently no unified certification system in China. Certification systems from regions such as the United States, New Zealand, and Europe are being introduced, leaving a significant room for standardization. At the same time, the training of skiers can create a certain scale effect and long-term career development system, making it more likely that there will be leading brands in coach training.   Currently, it is difficult for ski training institutions to achieve full profitability solely through skiing training services. They need to diversify their operations by launching other training programs and collaborating with ski resorts to enhance the sustainability of their business and avoid the risk of sharp revenue reductions after the ski season ends. *This interview was published in China Business Network Reporter: Jiang Zheng. Original title: 'Young People Rush to Ski Resorts: The Industry Is Upgrading'.

2023 International Top 100 Future Agriculture and Food Conference 2023 year 11 month 22 day -24 Rizhong Agricultural Valley · 2023 The International Top 100 Future Agriculture and Food Conference was successfully held in Xinxiang, Henan Province. This conference attracted over 1000 The event brings together entrepreneurs, investors, and scientists in the field of agricultural technology innovation, gathering new forces in the agricultural industry venture capital sector and promoting the construction of a new ecosystem for industrial venture capital. The conference is organized by the Xinxiang Municipal People's Government, the Central Plains Agricultural Valley Management Committee, and 35 The event was co-planned and initiated by the organizers, with 'Technological Innovation, International Collaboration, and Regional Industrial Agglomeration' as the key theme. The main contents included exchange activities between host and guest countries, fresh technology collection activities, opening ceremony events, thematic forums, awarding dinner, project roadshow special sessions, government-enterprise exchange meetings, and visits. It showcased new technologies, products, models, and business forms in the field of agricultural science and technology both domestically and internationally. Discussions were also held on cutting-edge hot topics in the industry, creating a grand annual event in the field of agricultural science and technology. The scale of the conference, the caliber of guests, and the number of international enterprises set new highs.   11 month 23 Today, Frost & Sullivan Frost & Sullivan Zhang Jian, Partner and Managing Director of Frost & Sullivan's Greater China Region, was invited to attend the Smart Agriculture Forum. He participated in a roundtable discussion themed 'Smart Agriculture: The Inevitable Path for Future Agricultural Development'. Discussions were held with experts, scholars and industry professionals present on how smart agriculture can move from laboratories to fields, how to achieve development tailored to local conditions, business model design and sustainable iteration. The following is a summary of Zhang Jian's views: How does intelligent breeding move from the laboratory to the fields? Zhang Jian stated that advanced biotechnology breeding continues to iterate and upgrade, becoming a powerful driving force for the leapfrog development of China's modern seed industry. Technologies such as molecular design breeding, gene editing, haploid breeding, transgenic technology, and bioengineering are constantly innovating and achieving disruptive breakthroughs. These technologies are gradually being applied in crop breeding, significantly improving breeding efficiency. In the process of moving from laboratories to fields, smart breeding relies on advanced technology and information means, showing multi-faceted deep integration and promoting the upgrading and sustainable development of modern agriculture. Firstly, laboratory technologies such as gene editing and high-throughput sequencing provide precise and efficient tools for breeding work. Scientists can delve into crop genetic information to accelerate the discovery and verification of genes related to key traits such as yield and resistance. This not only improves the scientific nature of new variety cultivation but also provides a more reliable reference for actual production. Secondly, big data analysis and artificial intelligence technologies enable researchers to comprehensively consider various factors such as soil conditions, meteorological changes, and pest and disease situations, providing more comprehensive and accurate information support for the breeding process. This helps to cultivate crop varieties that are better adapted to diverse environments. Finally, after laboratory verification, the new variety can be tested on a large scale in real farmland using advanced technology, with feedback and adjustments made at any time. This efficient combination of scientific research and practice enables the new variety to serve agricultural production more rapidly, accelerating the process of agricultural modernization. For example, the country's first and only agricultural industry science and technology innovation center in East China has been established in Nanjing. 2018 year 5 Since its inception, the Nanjing National Agricultural Innovation Center has achieved a series of results by focusing on three leading industries: bio-agriculture, smart agriculture, and functional agriculture. To facilitate the transfer of scientific research achievements from laboratories to fields, the center has actively carried out the construction of incubation bases. The first phase has included the completion of facilities such as intelligent multi-span film greenhouses and large-span single-span greenhouses. The center has also signed cooperation agreements with places like Siyang in Suqian, Dantu in Zhenjiang, and Jingjiang in Taizhou, providing incubation bases and application scenarios for the transformation and application of scientific and technological achievements. How can smart agriculture achieve development tailored to local conditions? Zhang Jian believes that the advancement of smart agriculture in our country requires full consideration of local realities, combined with the development status of industries and the adoption of advanced foreign experiences, to create an industrialized operation model that coordinates government, agricultural enterprises, and capital. Firstly, we can draw on the experience of smart agriculture in developed agricultural countries, emphasizing the concepts of 'large integration, big data, and large collaboration'. By analyzing vast amounts of agricultural production data in detail, we provide farmers with personalized decision support. For example, the system can provide the optimal sowing time, pesticide usage, and harvest timing based on historical data and weather forecasts, achieving more personalized production management tailored to local conditions. Secondly, the construction of digital agricultural platforms can promote better coordinated development of the agricultural ecosystem. These platforms integrate information from various aspects such as agricultural production, supply chain, and market sales, providing real-time communication and collaborative opportunities for each link, thereby achieving increased agricultural production, income for farmers, and prosperity for rural households. Finally, precision agriculture technology is at the core of achieving development tailored to local conditions. With the help of global positioning systems ( GPS Using tools such as remote sensing technology and sensors, agricultural producers can obtain data on soil quality, vegetation status, meteorological information, etc., in real time. This helps scientists and farmers gain a deeper understanding of the agricultural conditions in specific regions, formulate precise fertilization, irrigation, and plant protection plans that suit the local actual situation, and maximize land use efficiency. For example, urgent issues in the protection of black soil in our country include weakened fertility, thinning soil layers, and soil hardening. In response to these problems, Heilongjiang Province has formed an expert group on the protection and utilization of black soil, consisting of top national experts, dedicated to developing new technologies such as variable fertilization in paddy fields. In collaboration with the expert group, Heilongjiang has also developed the 'Longjiang Model' and the 'Sanjiang Model' to address soil issues. These two models have been listed as the main technologies for black soil protection nationwide. This example demonstrates the successful application of technology innovation tailored to local conditions in solving local land problems. What are the future development trends of smart agriculture? Zhang Jian stated that, first of all, low-cost and easy-to-operate smart agricultural equipment represents the leading trend of future development. Currently, the prices of smart agricultural equipment are relatively high, which limits their adoption by small and medium-sized farmers. However, with continuous technological progress, it is expected that equipment costs will gradually decrease. This will enable more farmers to afford these innovative technologies and improve production efficiency. At the same time, farmers usually lack professional skills, so easy-to-operate equipment will be favored. The development of smart agriculture should not only meet agricultural needs but also make farmers feel the convenience brought by technology, making it easier for them to accept and apply it. Therefore, the future smart agriculture industry will pay more attention to reducing costs and improving equipment usability to achieve broader agricultural intelligence. Secondly, visualization technology is becoming a key trend in the development of smart agriculture. As consumers' concerns about food quality and production processes grow, they hope to understand the growth and production environment of agricultural products in an intuitive way. Visualization technology provides deep insights into farmland through real-time images and videos, enabling consumers to understand the entire production process of products more comprehensively. This transparency not only meets consumers' needs but also further promotes the digital transformation of the entire agricultural industry. Agricultural enterprises have optimized production processes, improved production efficiency, and laid the foundation for the sustainable development of smart agriculture by adopting visualization technology. This trend not only meets existing market demands but also promotes the innovation of agricultural production methods, making the entire industrial chain more intelligent and modernized. Finally, in the future development trend of the smart agriculture market, industry integration will become a key driving force. This integration spans multiple fields, including agricultural technology, the internet, cloud computing, urban agriculture, etc. The integration of internet technology provides real-time monitoring and data sharing, while cloud computing supports the storage and analysis of large-scale data. At the same time, the combination with urban agriculture makes agricultural production more diversified and sustainable. This comprehensive trend not only promotes technological improvement but also expands application areas, bringing more business opportunities to agriculture. Take cloud computing as an example; it not only improves the utilization efficiency of agricultural big data but also enhances the intelligence level of agricultural production. The promotion of industry integration enables knowledge from different fields to blend, fostering the emergence of innovative solutions. This trend provides a new development direction for the comprehensive development of smart agriculture. What are the expansion directions of smart agriculture application scenarios? Zhang Jian pointed out that smart agriculture, as a cutting-edge technology, has been widely applied in areas such as production monitoring, greenhouse plant cultivation, precision irrigation, and the traceability of agricultural product quality and safety, demonstrating unique advantages. Although initial achievements have been made, the technology is still in its primary development stage and requires continuous innovation in products, technology, services, etc., by the industry to promote the healthy development of the smart agriculture industry. The promotion of smart agriculture has led to the emergence of new agricultural business forms, including drone plant protection, autonomous agricultural machinery, and rural e-commerce. These innovative applications can more reasonably allocate limited resources across the entire agricultural industry chain and enhance the value of the entire agricultural industry chain. For example, drone plant protection technology provides efficient means of farmland monitoring and crop protection, autonomous agricultural machinery improves production efficiency, the promotion of rural e-commerce provides a broader market for agricultural products, and drives the upgrading of the agricultural ecosystem. Overall, smart agriculture systems have brought about tremendous progress and transformation to modern agriculture, driving the development direction towards digitization, intelligence, and ecologicalization of agriculture. With the continuous upgrading and improvement of smart agriculture technology, its application prospects will be even broader in the future, and it is bound to create a greener, safer, more efficient, and sustainable production and development environment for agriculture and farmers. How do you view the design of smart agriculture business models and their sustainable iteration? Smart agriculture in China is facing a serious homogenization problem, which is particularly prominent whether it comes from technological or commercial entry points. Currently, agricultural plant protection aerial spraying companies mainly focus on services such as aerial plant protection, with a relatively obvious homogenization issue; agricultural Internet of Things companies provide smart agriculture solutions using IoT technology; while agricultural big data companies are data-driven and extend into fields such as intelligent applications and artificial intelligence. Their profit models mainly include government procurement. B Mainly procurement at the end of the chain. To realize the true value of smart agriculture technology, smart agriculture companies need to rely on business model innovation. Some agricultural Internet of Things companies have begun to break away from traditional technology and hardware profit models, instead focusing on providing holistic solutions for agriculture, even promoting industrialization through fission. For instance, Jifei Technology has partnered with Alibaba to build future farms; Kebai Technology has established the Laiwu Kebai Smart Agriculture Industrial Park, while Senhe Smart Agriculture is dedicated to creating a corn industry model. These companies are gradually evolving from technology providers into disruptors and active participants in the entire agricultural industry. In the future, the success of smart agriculture companies will depend on their innovation capabilities in business models. By expanding service areas, providing comprehensive solutions, and promoting the development of agricultural industry fission, smart agriculture companies can participate more comprehensively and deeply in the entire agricultural value chain, realizing greater value from technology. Such business model innovation not only helps to break through homogenization dilemmas but also lays a solid foundation for the sustainable development of smart agriculture.

The intensive repurchases by A-share listed companies continue. Data shows that as of the time of publication, A-share companies have issued a total of 1,731 announcements related to repurchase plans within the year, with a proposed maximum repurchase amount reaching 90.952 billion yuan. Since November alone, 102 companies have issued announcements related to repurchase plans, with an expected maximum repurchase amount of 7.503 billion yuan, which is 3.8 times that of the same period in October. How do you view the recent surge in share repurchases by listed companies controlled by central state-owned enterprises? What market signals are conveyed by the tangible support? From the perspective of the A-share market, in terms of the purpose of share repurchases, they are mainly used for stock incentives, employee stock ownership plans, and other measures. What are the advantages and disadvantages of using share repurchases for equity incentives? Looking at the international market, listed companies typically cancel their repurchased shares. What positive impacts will this have on the company and shareholders? Why do there be significant differences between the international market and the A-share market regarding the purpose of share repurchases? How should the A-share market better guide the share repurchase behavior of listed companies? Wang Gengye, Executive Director for Greater China at Frost & Sullivan (hereinafter referred to as 'Frost & Sullivan'), was interviewed by 'Securities Daily' to discuss the above topics. Securities Daily   How do you view the recent surge in share repurchases by central state-owned enterprises holding listed companies? What market signals are conveyed by this substantial financial support? Wang Gengye Executive Director, Greater China, Frost & Sullivan How to view it:   The 'repurchase tide' has positive implications for listed companies themselves, investors, and even the entire capital market.   a) For listed companies, repurchases can convey positive signals related to the company's operations and cash flow to the market, stabilizing market expectations;   b) For investors, after a listed company repurchases shares, financial indicators such as the company's net assets per share and earnings per share improve, indirectly enhancing investment value;   c) For the capital market, regular buybacks by listed companies can enhance investor confidence, improve the quality of listed companies, and promote the stable development of the capital market.   Market signals:   The repurchase of listed companies controlled by central state-owned enterprises, as a means of market value management, sends the following signals to the market:   a) Enhancing market confidence: The central enterprises' share repurchase indicates their confidence in their future development. This move is intended to support the market with practical actions and also helps to boost investors' confidence in the overall market;   b) Enhance the company's attractiveness: A buyback action can increase the company's attractiveness, indicating that management believes the company's stock is undervalued and worthy of holding. This can attract more investors and potential shareholders;   c) Protecting shareholder rights and interests: Repurchases can reduce the market liquidity of stocks, thereby increasing the stock price per share and protecting the rights and interests of existing shareholders.   From the perspective of A-share markets, the main uses for repurchasing stocks are stock incentives, employee stock ownership plans, and other measures. Some market views suggest that although this move will further motivate senior executives and core employees, it may not necessarily benefit all shareholders of the company. What is your opinion on this view? (Or what are the advantages and disadvantages of using repurchased stocks for equity incentives?)   Positive:   a) Enhancing shareholder value: Repurchasing shares can increase earnings per share, thereby boosting the company's stock price and increasing shareholders' wealth;   b) Enhancing Employee Morale and Motivating Work Efforts: Buying back shares as an employee incentive method can increase employee participation and loyalty, thereby stimulating work motivation;   c) Enhancing the resilience of the company's equity: Using repurchased shares for equity incentives and employee stock ownership plans can enhance the resilience of the company's equity, making the stock stable and risk-resistant in the capital market. It enables the company to maintain flexibility in the face of various market uncertainties and pressures.   Spread:   a) Stock price fluctuations: The repurchase of shares may lead to stock price volatility, which can have an unstable impact on investors and employees;   b) Financial pressure: Large-scale share repurchases may place certain pressure on the company's financial condition, especially if the company does not have sufficient cash flow to support the repurchase plan;   c) Potential Abuse: If used improperly, repurchases of shares can be abused, leading to financial instability and damage to shareholders' equity.   Looking at the international market, listed companies usually cancel their repurchased shares. What positive impacts will this have on the company and shareholders?   The cancellation and repurchase of shares by listed companies controlled by central state-owned enterprises have positive effects on the company, including enhancing investor confidence, maintaining the company's image, optimizing the financial structure, improving the equity structure, and achieving flexible allocation of funds.   a) Enhance investor confidence and maintain the company's image: After the repurchase and cancellation of shares, the company's share capital decreases, while its net assets and total earnings remain unchanged. This will lead to an increase in net assets per share and earnings per share, thereby stimulating the stock price to rise. This measure can maintain the stability of the company's stock price, help improve investor confidence, and enhance the company's reputation;   b) Improve the equity structure: By repurchasing shares and canceling them, the company can manage its equity structure more meticulously, thereby increasing the proportion of remaining shareholders in the total company capitalization and reducing the dilutive effect relative to the total capitalization. This is expected to increase earnings per share and shareholders' equity, while strengthening the corporate governance structure;   c) Flexible allocation of funds: Share repurchases provide greater flexibility for the company to manage cash flow and capital structure. The company can use free cash flow for repurchases without having to allocate it towards paying dividends. This enables the company to better balance internal investment projects, debt repayment, and shareholder returns, achieving a more flexible allocation of funds.   The repurchase and cancellation of shares by central state-owned enterprises holding listed companies helps to enhance shareholder value.   Enhancing shareholder value: When a company repurchases and cancels shares, it usually reduces the number of issued shares, thereby increasing the earnings per share equity. This measure helps to improve important financial indicators such as earnings per share, cash flow per share, and net assets per share, thereby enhancing shareholder value.   Overall, why does there be a significant difference between international markets and the A-share market regarding the purpose of stock repurchase? How should the A-share market better guide listed companies' stock repurchase behavior? Differences between international markets and the A-share market:   a) Investor confidence: In the A-share market, companies typically conduct stock repurchases to boost investors' confidence in their stocks, aiming to convey to shareholders a signal that the company believes its stock is undervalued. In contrast, international markets may have different motivations, such as returning excess cash to shareholders or using stock repurchases as part of capital distribution strategies;   b) Industry-specific factors: Companies in the A-share market tend to conduct concentrated share repurchases within specific industries to reflect an optimistic outlook on the industry's growth prospects.   How to guide:   The regulatory authorities have institutionalized the repurchase behavior of listed companies by lowering thresholds and expanding the scope, sending positive signals to guide listed companies to carry out share repurchases reasonably.   a) Strengthen supervision: When listed companies conduct share repurchases, regulatory authorities should establish and improve internal control mechanisms, formulate detailed operational plans to prevent insider trading and other improper trading activities, and must not abuse share repurchases to manipulate company stock prices. At the same time, regulatory authorities should strengthen supervision over information disclosure and trading behavior to standardize the repurchase practices of listed companies and further improve the repurchase system of China's capital market;   b) Lowering thresholds and expanding scope: The conditions and proportion for stock repurchases should be appropriately relaxed to broaden channels for listed companies to repurchase their shares;   c) Guidance for cancellation: To ensure that repurchase policies truly benefit small and medium-sized investors, it is necessary to further guide more listed companies to use stock repurchases for cancellation, in order to stimulate companies' enthusiasm for cancellation-based repurchases. *This interview was published in Securities Daily Reporters are Hou Jiening and Mao Yirong. The original title was: 'A-share companies have spent 731 billion yuan on repurchases this year, with relatively high repurchase amounts in three industries including basic chemicals'.

Haitong Securities Industry Seminar 11 month 29 On [date], the industry seminar themed 'Compliance and Listing Practices of Pharmaceutical Enterprises under New Circumstances and Environments', hosted by the Healthcare Industry Group of the Investment Banking Committee of Haitong Securities, was successfully held at the Shanghai Haitong Bund Financial Plaza. The purpose of this event is to provide pharmaceutical enterprises with professional compliance and listing practice training and service resources through on-site exchanges and discussions involving experts and scholars within the pharmaceutical industry, senior executives of pharmaceutical companies, and capital market guests. It aims to help pharmaceutical enterprises better plan their compliance growth and future development paths in the capital market under the new regulatory situation and environment, thereby reducing the risks and opportunity costs associated with compliance and listing in the future. This event has invited Lv Chao, who has long worked in China's pharmaceutical regulatory department and is currently a non-equity partner at Zhong Lun Law Firm, RDPAC Former Chair of the Compliance Working Group and current National Biopharmaceutical Enterprise Platform ESG Shen Yanrong, Secretary-General of the Special Committee, Wang Youzhi, Director of Legal Affairs at Haisen Biotechnology, Xiong Chuan, Partner at Zhonglun Law Firm, and Liu Jing, Vice President of Investment at Qiming Venture Capital, among others, were specially invited as keynote speakers for the event. 60 Representatives from Yuji's biopharmaceutical enterprises and investment institutions attended this exchange event.   Frost & Sullivan Frost & Sullivan Partner and Managing Director of Frost & Sullivan Greater China Region, Co-founder of LeadLeo CEO Yang Xiaocheng was invited to attend the seminar. Yang Xiaocheng shared with the audience at the conference the latest report released by Frost & Sullivan this year. 2023 Hong Kong stocks for the year 18A & The Blue Book on the Development of the Biotechnology Industry in the Sci-tech Innovation Board Market (hereinafter referred to as the 'Blue Book') provides insights through analysis of Hong Kong stocks 18A As well as an introduction to biotech companies on the Sci-tech Innovation Board and a comparison of issuance data, it provided participating guests with a panoramic analysis of the capital market for biotech companies. On this basis, it shared its views on the future trend of listing paths for biotech companies. Partner and Managing Director of Frost & Sullivan Greater China, Co-founder of LeadLeo CEO Yang Xiaocheng According to Yang Xiaocheng, the 'Blue Book' is divided into five chapters, covering Hong Kong stocks 18A & Panoramic analysis of the biotech capital market on the Sci-tech Innovation Board, industry analysis of biotech companies 18A Biotech company issuance data, Sci-tech innovation board biotech company issuance data, and Hong Kong stocks 18A & Introduction to biotech companies listed on the Sci-tech Innovation Board. Chapter 1 of the Blue Book: Hong Kong stocks 18A Index performance, market value, and sector breakdown of the biotech market on the Sci-Tech Innovation Board, company list, 2023 A detailed analysis is conducted on valuation levels, performance, investment and financing environment, and other information. Chapter 2 of the 'Blue Book' conducts an in-depth analysis of the market scale and driving factors of biomedicine in China. It elaborates on small molecule chemical drugs, antibody drugs, human vaccines, nucleic acid drugs, peptide drugs, cell and gene therapy drugs, etc., from dimensions such as product characteristics, market scale, and development trends. It also analyzes five major hot tracks: anti-tumor drugs, digestive tract and metabolic drugs, cardiovascular drugs, systemic anti-infective drugs, and central nervous system drugs, explaining them from dimensions such as industry introduction, development drivers, development trends, and market scale. Chapter 3 of the 'Blue Book' provides an in-depth analysis of the scale and driving factors of China's medical device market, focusing on in vitro diagnostic devices, medical imaging equipment, cardiovascular interventional devices, orthopedic devices, ophthalmic devices, dental devices, surgical robots, artificial intelligence ( AI Medical imaging is elaborated from dimensions such as basic concepts, product features, market size, and development trends. Sections 4 and 5 of the Blue Book discuss Hong Kong stocks 18A An in-depth analysis is conducted on the situations of the fifth batch of listed companies on the Sci-tech Innovation Board from three stages: pre-public offering, during public offering, and post-public offering, and 18A An introduction to biotech companies listed on the Sci-Tech Innovation Board has been provided. For more detailed content, please refer to the full report. At the same time, the seminar also included roundtable discussions and interactive sessions. Yang Xiaocheng, together with Lv Chao, Shen Yanrong, Wang Youzhi, Liu Jing, and Mr. Shen Sheng, the director of the Healthcare Industry Group at Haitong Securities and a former clinical doctor at Zhongshan Hospital affiliated with Fudan University and the Children's Hospital affiliated with Fudan University, participated. Mr. Hu Xuan, the director of the Healthcare Industry Group at Haitong Securities and a sponsor representative, organized in-depth discussions at the roundtable forum and interactions with the audience. The discussions mainly revolved around topics such as the future regulatory environment changes for pharmaceutical companies, practical suggestions for improving compliance in biopharmaceutical companies, how local pharmaceutical companies can learn from foreign company compliance experiences, and how enhancing compliance can help improve the valuation of pharmaceutical companies.   Recommended Reading    

Recently, at the launching ceremony of the international segment of the 'Belt and Road Global Tour', Gaode Map announced the official launch of its 'World Map' product, which utilizes the global positioning capabilities of the Beidou Satellite Navigation System (hereinafter referred to as the 'Beidou System') to provide overseas route planning and navigation services. Compared to GPS, what do you think are the advantages of the Beidou system? What difficulties do overseas map data acquisition face for companies like AutoNavi and Baidu Map for international expansion? What industries and enterprises in China can benefit significantly from AutoNavi's international expansion? What are the main competitive key points between AutoNavi and Baidu Map overseas? Zhang Zhiwei, Executive Director of Frost & Sullivan's Greater China Region, was interviewed by Business School magazine to discuss the development of AutoNavi's World Map. Business School Magazine   The launch of the World Map on Gaode this time is based on the support of the Beidou system. Compared to GPS, what do you think are the advantages of the Beidou system? Zhang Zhiwei Executive Director, Greater China, Frost & Sullivan Overall, the advantages of the Beidou system mainly come from four aspects: wide coverage and high precision, three-frequency signals, active/passive dual-mode positioning, and short message communication.   Compared to GPS's global monitoring coverage rate of 98%, the Beidou system is a true global navigation system, mainly due to its advantage in satellite numbers; (The Beidou system consists of 35 satellites, including 5 geostationary orbit satellites and 30 non-geostationary orbit satellites, among which 24 are medium Earth orbit and 6 are high Earth orbit satellites, while GPS consists of 28 satellites, including 4 spare satellites, all of which are medium Earth orbit satellites)   In terms of accuracy, the Beidou system is on par with GPS, achieving 10-meter-level positioning accuracy, 0.2-meter per second speed measurement accuracy, and 20 nanoseconds timing accuracy at the civilian level. Even in the Asia-Pacific region, the Beidou system has better positioning accuracy; (in the Asia-Pacific region, it can achieve 5-meter positioning accuracy, 0.1-meter per second speed measurement accuracy, and 10 nanoseconds timing accuracy);   Additionally, the advantages of the Beidou system are also evident in its signals. As the world's first satellite navigation system to provide triple-frequency signal services, it has better signal anti-interference capabilities and more reliable positioning compared to GPS with dual-frequency signals. (Triple-frequency signals can better eliminate the effects of higher-order ionospheric delays, improve positioning reliability, enhance data preprocessing capabilities, and greatly improve the fixed efficiency of ambiguity. Moreover, if there is a problem with one frequency signal, traditional methods can be used to locate using the other two frequencies, improving the reliability and anti-interference capabilities of positioning.)   Secondly, the dual-mode capability of active and passive positioning is also a unique advantage of the Beidou system. It allows for communication with satellites by receiving signals emitted by satellites or by directly transmitting radio waves without emitting them. This ensures that positioning can still be completed under extreme observation conditions, making it suitable for emergency calls;   The Beidou system also has original short message communication services, innovatively integrating navigation and communication functions to achieve two-way communication. Its application scenarios will be more diverse, and it will have significant advantages in future professional fields such as traffic operations, fisheries going out to sea, rescue and search, etc.   What difficulties will foreign map data acquisition face for companies like AutoNavi and Baidu Map Service going global? There are mainly three difficulties in obtaining foreign map data:   The first issue is cost. From a process perspective, map surveying and mapping require specialized technicians who collect roads and POIs (Point of Interest) through vehicle collection or pedestrian surveys. After the data is collected, it needs to be processed by professionals to obtain electronic map data. This period requires significant investment in manpower, material resources, and finances.   Secondly, there are regulatory restrictions. Since map data involves national security, the surveying and mapping of maps often require qualifications certified by the country where they are located. Domestic map manufacturers can only purchase map data from suppliers when they are unable to collect it themselves overseas, and such data is often monopolized by giants like Google or HERE.   Thirdly, there are quality requirements. Foreign map software such as Google Maps is relatively mature, and users often have higher demands for the quality and accuracy of maps. Therefore, enterprises need to collect, process, and update maps with more advanced technology and equipment.   What industries and enterprises in China do you think Gaode Map's overseas expansion can have a significant impact on? The overseas expansion of Gaode Map will assist Chinese real economy enterprises in their overseas endeavors.   The first to be hit are traditional logistics providers or travel service companies such as Anglia Logistics, Dada Express, Goolala, SF Express, etc. Gaode Map has already carried out in-depth cooperation with these enterprises.   Secondly, in terms of overseas solutions, Gaode Map has collaborated with companies such as Alipay and Taobao to assist Alibaba in its payment and e-commerce layout in Southeast Asia. Moreover, Gaode also provides services for mobile apps that have already gone global, such as Douyin, Kuaishou, and Cool Dog Music.   In addition to mobile devices, the automotive industry has also become the next growth point for map loading. As independent automakers such as Jianghuai Automobile, Great Wall Motor, SAIC Group, and Geely Group are expanding their investment in overseas markets and building factories, cooperation between AutoNavi and automakers will further strengthen.   In addition, as a global map navigation partner for the 'Belt and Road Global Tour', users can view local services on the map, including dining, attractions, hotels, shopping centers, etc. This will not only drive outbound tourism but also inevitably boost local economic development.   Previously, AutoNavi released the HQ Live MAP light map in China. Do you think this model can be replicated overseas through cooperation with autonomous driving automakers? What are the challenges? Gaode Map's HQ Live MAP Lite map can be replicated overseas through cooperation with autonomous driving automakers. Gaode Map has more than 20 automaker partners in advanced assisted driving, serving hundreds of thousands of mass-produced vehicles in total. Moreover, as the industry as a whole vigorously develops perception technology, HQ Live MAP will also be rapidly updated and iterated accordingly.   As for the challenges, they still lie in obtaining overseas map information and how to adapt to local conditions based on overseas markets to meet the data needs of overseas users for maps. This requires consideration of factors such as laws and regulations, cultural backgrounds, and differences between countries and regions.   What do you think are the main competitive keys between Gaode and Baidu Maps overseas? What are the respective strengths and weaknesses of both sides?   The main competitive focus between Gaode and Baidu Maps overseas lies in the local lifestyle businesses derived from map scenarios.   In China, the local life services of map-based software have become relatively mature. Both Gaode Map and Baidu Map have integrated local services such as travel taxis, charging and refueling, and vehicle maintenance. However, the business model overseas is not yet mature, which presents market opportunities for Gaode and Baidu Map.   In the domestic market, Gaode Map has performed impressively over the past two years, with monthly active users (MAU) exceeding 400 million and daily active users surpassing 100 million. Moreover, the business is developing towards a comprehensive travel platform. However, Baidu Map started exploring overseas markets as early as 2016, while Gaode Map was struggling to establish itself and was unable to keep up in time to enter the overseas market. It adopted a strategy of concentrating its resources on strategic confrontation with Baidu Map in the domestic market. Losing the advantage in overseas markets could lead to insufficient experience.   Therefore, compared to Baidu Maps, users who lack overseas operation experience and time to accumulate data related to user preferences tend to prefer Baidu Maps, which is precisely what B2B users value.   Moreover, with the continuous record highs in the number of outbound travelers in China, Baidu Maps has achieved an penetration rate of 50% among outbound travelers. This means that for every two outbound travelers, one uses Baidu Maps. At this time, the market share space of Gaode Map overseas is relatively small.   However, for the map industry, it is inevitable that competition will shift from domestic to international markets. A series of supply models based on local life services developed by Gaode Map in China can be replicated overseas, just as all local enterprises go global. Gaode's entry into overseas markets will also present both opportunities and challenges.   The reporter communicated with several overseas users from Japan, the United States, and other places and found that currently, Gaode Map has issues such as unclear routes, inaccurate route time planning, and incomplete hotel and food recommendations. What do you think are the main reasons for these problems? Compared to Google, Gaode still has many areas that need improvement. How do you view Gaode's future development prospects overseas?   The main issue is that basic map data is monopolized by giants and cannot be mapped and surveyed independently, thereby affecting user experience.   Google Maps has over 1 billion global monthly active users, a significant lead over AutoNavi's 400 million domestic monthly active users. Compared to Google, AutoNavi faces challenges in data integrity, data update speed, and navigation accuracy, indicating a long and arduous task ahead.   Given that Gaode Map has been launched in over 200 countries and regions around the world and its capabilities as a travel service provider are becoming increasingly strong, although there may still be a technological gap compared to the most advanced map companies in the United States, China's map navigation technology is already in a leading position in terms of application and scenario implementation.   Overall, the development prospects of Gaode Map overseas are still promising. *This interview was published in Business School Magazine Reporters: Wang Yadi, Shi Dan. Original title: 'Gaode Map “Rollup” Goes International, with Beidou's Support Beyond Just Traveling'.

At a time when the global economy is facing challenges, the digital transformation of manufacturing enterprises is urgent, and the pace of digital transformation has accelerated comprehensively. On the one hand, this is for the enterprises themselves The efficiency and capabilities of IT teams have put forward higher demands. On the other hand, enterprise digitization requires comprehensive participation from all levels within and outside the company. How to enable non-IT technicians to participate more effectively in system construction and application development has become one of the keys to accelerating digital transformation. Low-code platforms can empower manufacturing enterprises to quickly build, deploy, and manage applications, greatly simplifying the software development process. At the same time, they also enable non-IT technicians to participate more effectively in application development, allowing enterprises to accelerate their digital transformation pace and respond more flexibly to market demands. In the era of transformation challenges faced by manufacturing, especially with the full-scale outbreak of AI, how low-code can accelerate the digital transformation of manufacturing enterprises has become a hot topic of industry discussion.     On November 28, 2023, the 40th 'Workforce Empowerment' Founder 2+1 Dialogue Night, hosted by the Shanghai Industrial Internet Association, was successfully held. The event invited Huang Meng, General Manager of the Industrial Internet Business Unit and Chief Scientist of Industrial Internet at Ecosens Technology Group Co., Ltd., Zhu Chen, Co-founder and CMO of ZeroCloud, and Frost & Sullivan (Frost  & Xu Biao, Executive Director of Frost & Sullivan Greater China and referred to below as 'Frost & Sullivan', was invited to attend the event and serve as a guest host. Together with the dialogue guests, he discussed 'which scenarios in manufacturing enterprises can be quickly deployed using low-code'.     From left: co-founder of Zeroesai Cloud CMO Zhu Chen, General Manager of the Industrial Internet Business Unit at Electrical Digital Technology Group and Chief Scientist of Industrial Internet, Xu Biao, Executive Director of Frost & Sullivan Greater China Region   Centering on the theme, the host and two dialogue guests discussed together: through practical cases, they talked about in which scenarios low-code can empower high-end manufacturing enterprises, how small and medium-sized enterprises should choose low-code service providers, how industrial workers in manufacturing enterprises can make good use of low-code tools, and how AI-assisted solutions address four specific challenges that a single low-code service cannot overcome. The two conversation guests shared their insights on empowering manufacturing development through low-code, drawing on their respective unique founding experiences.   Huang Meng, General Manager of the Industrial Internet Business Unit of Electrical Digital Science and Chief Scientist of Industrial Internet, believes that as a typical large enterprise, Shanghai Electric has some significant differences compared to small and medium-sized enterprises.   Firstly, in terms of internal operations, large enterprises place more emphasis on data security and stability. In contrast, the requirements of small and medium-sized manufacturing enterprises may not be as high, but they pay more attention to privacy, usually worrying about The issue of CRM information or supplier-related information being leaked on the platform.   Secondly, large enterprises possess many secondary developers and a large number of their own systems. Therefore, any new tool or system must have good secondary development interfaces and adaptability to existing systems to support more flexible deployment. For small and medium-sized enterprises themselves IT developers are relatively weak in strength and have limited secondary development capabilities, requiring low-code products that can be used directly.   There are also differences in after-sales service and operation and maintenance. Large enterprises usually require comprehensive and complete support and services, while small and medium-sized enterprises pay more attention to cost-effectiveness, hoping that the system can be used stably for a long time.   The last difference lies in user experience. Large enterprises have professional engineers who can accept systems that are slightly difficult to use and less user-friendly. In contrast, small and medium-sized enterprises prefer better application performance and a more convenient user experience.   Co-founder of ZeroSaiYun CMO Zhu Chen stated that in the industrial field, the development of AI requires time because a large amount of data is needed for training. Due to the confidentiality of enterprise data, customers are less willing to use public large-scale model databases unless these models can be deployed independently and privatized.   Low-code and The use of AI technology is essentially aimed at improving efficiency. Software development involves many steps, including requirement research, prototype design, architecture design, development, functional testing, data testing, and deployment, which is a very lengthy cycle. Low-code solutions have shortened the time required for software development.   In the future, AI has great potential in demand research. In the traditional project delivery process, nearly 70% of the delivery documents are useless content, which can be written by AI, saving a significant amount of time. This has been verified offline, and ZeroSai Cloud hopes to cultivate AI agents like demand analysts to enable customers to communicate with them. AI has many applications in low-code scenarios that will bring great benefits. Currently, ZeroSai Cloud is also verifying whether AI can reduce workload.         *Click on the image or "Read More" at the end of the article to view event details.

Hong Kong Capital Market Seminar   On the afternoon of November 27th, KPMG held the 'Hong Kong Capital Market Seminar' in Shanghai. The seminar was themed 'The Wind of Change Ahead: How Can Enterprises Rekindle Successful Issuances?' It invited guests from Frost & Sullivan (Frost & Sullivan, abbreviated as 'Frost & Sullivan'), Ping An Securities, and Jintiancheng Law Firm to share and exchange views with representatives of enterprises interested in listing in Hong Kong on dimensions such as Hong Kong capital market dynamics, relevant listing preparations, and business opportunities and challenges amidst consumer recovery.   The meeting was chaired by Ms. Feng Yijia, Capital Markets Partner of KPMG China East and West. Mr. Fang Haijie, Capital Markets Partner of KPMG China East and West, delivered an opening speech, expressing gratitude to all parties for their support to KPMG and expressing the hope that in the future KPMG could better collaborate with various intermediary institutions to jointly assist enterprises planning to go public in Hong Kong.   Mr. Zhu Yiming, Executive Director of Frost & Sullivan Greater China, was invited to attend the seminar and delivered a speech titled "Crossing Cycles: Insights into Business Opportunities and Challenges in the Recovery of Consumption". He looked ahead to China's consumer market and future new growth points, shared his outlook on the Chinese consumer market with the guests, as well as his insights into opportunities and challenges. Zhu Yiming, Executive Director of Frost & Sullivan Greater China   Zhu Yiming pointed out that the consumer industry is positively correlated with the development of the national economy. For the Chinese economy, the twenty years from 2000 to 2020 were of extraordinary significance, marking an important leap from 'catching up' to 'leading'. Around 2000, the development of the Chinese economy was relatively lagging behind, with a per capita GDP of only about $900. With the deepening of reform and opening up and China's accession to the World Trade Organization (WTO), the Chinese economy officially entered a period of rapid development. By 2020, China had become an important force in global economic development, with its total economic volume growing from $1.2 trillion to $14.7 trillion, and its per capita GDP also increasing to over $10,000. The compound growth rate over the past twenty years was 13%, making it the fastest-growing large-scale economy globally.   At the same time, China is the world's largest trading nation, with its scale of attracting foreign investment consistently ranking second globally. Globalization has driven China's development, and China's growth has injected strong momentum into the global economy. With the rapid growth and structural upgrading of the Chinese economy, China's industrial structure has gradually transformed. Traditional industries have slowly faded from the historical stage, while emerging industries have risen rapidly. However, no matter how changes occur, the consumer industry remains one of the pillar industries of the Chinese economy.   "There are three carriages that pull the economy forward: exports, investment, and consumption," Zhu Yiming further explained. In the past, China mainly relied on exports and investment, while the United States relied on consumption. However, China has now entered a critical stage of transitioning from high-speed growth to high-quality development. The central government has proposed the "dual circulation" strategy, emphasizing the expansion of domestic demand and encouraging consumption. At the same time, under the backdrop of common prosperity and driven by the continuous increase in disposable income among residents, the consumer industry is undoubtedly an important growth engine for China's economy in the future.   According to data from the National Bureau of Statistics, China's total retail sales of consumer goods in 2022 reached 44 trillion yuan, making it the world's second-largest consumer market, accounting for about 95% of the US market. Currently, there is still a significant gap between China's per capita consumption expenditure and that of developed countries such as the United States. According to World Bank data, the per capita final consumption of residents in the United States reached $42,000, ranking first, while European developed countries such as the UK, Germany, and France have all reached over $20,000. Japan, which is close to China, has also achieved a per capita expenditure level of $19,000, compared to China's only $4,400, which is about one-tenth of that of the US.   Zhu Yiming stated that China's economic development has continuously narrowed the per capita expenditure gap between China and the United States. In the foreseeable future, China will become the world's largest consumer market. The consumer base of China's 1.4 billion people will unleash tremendous consumption potential in the future, continuously leading the global consumption process.   Looking ahead, China will, like all developed countries in history, enter a consumption-driven development phase after per capita GDP exceeds $10,000. At this stage, people's quality requirements for basic survival-oriented (such as clothing, food, shelter, and transportation) consumption will increase. Development-oriented (such as education and healthcare) and enjoyment-oriented (such as entertainment) consumption will grow, and the proportion of service consumption will further expand. Against this backdrop, people place more emphasis on quality and experience than price.   Subsequently, Zhu Yiming summarized the development of China's consumer industry over the past three years and looked ahead to the development trends in the post-pandemic era. From 2020 to 2022, final consumption expenditure accounted for more than 50% of GDP on average, exceeding 60 trillion yuan in 2022, contributing 32.8% to China's economic growth and driving an increase of 1.0 percentage points in economic growth. Although the scale of China's consumer market growth was impacted and fluctuated between 2020 and 2022, it still demonstrated strong resilience overall.   "Publicly known, the years from 2020 to 2022 are undoubtedly of special significance for both China and the global consumer market. Over these more than three years, China's consumer industry has experienced many significant changes in the development environment, generally showing a pattern of stabilizing after shocks and then resuming growth." Zhu Yiming further added that in 2020, the outbreak of the COVID-19 pandemic and epidemic prevention and control policies led to a general reduction in residents' outings, severely affecting the consumer market. The total retail sales of consumer goods dropped significantly year-on-year compared to historical years. However, this trend improved after the control of the epidemic in various regions in 2021, with consumption beginning to warm up. The recurrence of the epidemic in many places at the end of the year caused short-term disturbances to the consumer market. By 2022, China's overall consumption situation was affected by factors such as local-scale rebounds in domestic epidemics, rising unemployment rates, and reduced consumer willingness, showing an abrupt decline followed by a slow recovery and then tending towards stability.   The consumption concepts, models and habits of Chinese residents are quietly changing. According to a Frost & Sullivan study, the development trend of consumer spending during the pandemic era shows the following characteristics:   (1) The consumption structure of residents is continuously optimizing and upgrading Since 2020, although there have been short-term fluctuations in the consumption structure of Chinese residents, the overall trend has remained towards upgrading towards quality-oriented consumption. Whether in the areas of bulk commodity consumption such as housing and transportation, or in emerging service consumption areas like culture, health, and entertainment, residents' preference for high-quality and diversified products and services is becoming increasingly evident. It is expected that in the post-pandemic era, Chinese residents' consumption will resume its trend of structural upgrading.   2) The new consumption model is booming and has become the main force driving consumption growth Since the outbreak of the pandemic, new business forms such as online shopping and internet+ services have become new anchors driving domestic demand. Before 2020, China's online retail industry had already developed far ahead globally. From 2013 to 2022, China maintained its position as the world's largest online retail market for 10 consecutive years, and this leading advantage was further expanded after the pandemic. Under the impact of the pandemic, online consumption effectively drove resilient growth in consumption. Online retail has become the main consumption channel for Chinese consumers. As of December 2022, the number of internet users in China reached 1.067 billion, with online shopping users accounting for 79.2%.   Looking at the segmented markets, live streaming e-commerce, social e-commerce, and short video e-commerce have developed rapidly over these three years. To some extent, they have not only met people's consumption needs for purchasing goods and services but also leisure and entertainment. Watching live broadcasts while consuming and browsing short videos while shopping have become consumption habits for more people. As of December 2022, the scale of online live streaming users, instant messaging users, and short video users in China reached 751 million, 1.038 billion, and 1.012 billion respectively, accounting for 70.3%, 97.2%, and 94.8% of internet users. This shows the high penetration of instant messaging and short videos, as well as the growth potential of live streaming users.   In addition, Frost & Sullivan has observed that 'Internet + services' are becoming a new space for consumer recovery growth. Online service consumption has somewhat compensated for the slowdown in contact-based consumption. For example, in the field of online healthcare, there are currently over 3,000 internet hospitals nationwide, with remote medical service coverage reaching 100% in counties (cities, districts); in cultural and entertainment, cloud tourism, cloud drama watching, cloud exhibition viewing, etc., have become new consumer trends.   (3) Domestic consumption continues to rise With the improvement in quality and upgrade of consumption, more consumers are paying attention to the value and cultural attributes of products themselves, and their recognition of some domestic brands is continuously increasing. The consumption of domestic products, represented by new national brands, has risen comprehensively.   In 2022, the number of domestic brand products on Douyin increased by 508% year-on-year, with domestic brands accounting for 92% of the hot search list items. The rise in domestic consumption is also closely related to the emergence of the new generation represented by millennials and Generation Z. Surveys show that Chinese netizens recognize domestic products at an approval rate of 82.4%, with younger generations such as 'post-90s' and 'post-00s' choosing to support domestic products at a rate exceeding 90%. In the consumption of national trend brands across the industry, the new generation has contributed 74% to national trend consumption, becoming the absolute main force.   (4) Green consumption awareness is increasing continuously, and its popularity is also on the rise. During the pandemic, people's demand for green and healthy lifestyles has also increased. Consumers are not only concerned about the quality of products and services but also pay attention to the integrated development of consumption and environmental protection. Green consumption has shown rapid popularization. Data shows that in 2020, the proportion of people who could regularly purchase green products was 30 to 40%, and by 2022, this proportion had exceeded 60%, and it will continue to rise in 2023 and beyond. Nowadays, green consumption methods have been widely recognized in consumer areas such as food, clothing, housing, transportation, usage, and tourism.   Zhu Yiming stated that in 2022, China is at the height of personalized consumption and the era of Chinese culture. Looking back at the development history of the United States and Japan, after the era of personalized consumption, a new consumption era is about to arrive. However, the themes of the new consumption era in the United States and Japan are quite different: the theme in the United States is the rise of new consumption habits and new consumption propositions that have brought about a large number of new demands, based on the opportunities for new brand emergence (such as Anthropologie, lululemon, etc.); the theme in Japan is low desire, a pursuit of simplicity, craftsmanship, practicality, and de-branding, which has led to better growth momentum for Uniqlo and Misfit.   The new era consumption themes in the United States and Japan are two completely opposite directions. So what will happen to China's consumer industry? Frost & Sullivan believes that China's consumer industry will embark on its own path, and in the future, there will be two levels of differentiation in development. Regarding the overall direction of future consumer investment in China, Frost & Sullivan has summarized the following consumption trends: 1) Luxury goods possess long-term value; 2) Consumer goods with strong brand and functionality are more competitive; 3) In service consumption, industries that can achieve chain operation and standardization are good investment directions; 4) Investment opportunities in channels and mass consumer goods mainly come from business expansion. event site

2023 Global Digital Commerce Conference   11 month 25 day -26 On 2023 The Global Digital Commerce Conference was successfully held in Shanghai.   The theme of this conference is “Digital Connectivity for Global Commerce, Future-Proof Business ”    Delve into key topics related to data elements, offering suggestions for the construction of the data element market. This includes discussions on the development and utilization of public data, compliant data circulation, cross-border data flows, infrastructure construction for data circulation, international data space development, development of the digital commerce ecosystem, interconnectivity of data element trading markets, innovation in data assetization, and industrial applications of data elements. Frost & Sullivan Frost & Sullivan Wang Chenhui, Partner-in-Chief and President of Frost & Sullivan Greater China, Co-founder and President of LeadLeo, was invited as an awarding guest to attend the 'Digital Commerce Night'. And was invited to “ 2023 He delivered a speech titled "Global and Chinese Data Trading Market Research and Analysis Report" and shared his thoughts and insights on the data trading market with the attending guests. Managing Partner and President of Frost & Sullivan Greater China, Co-founder and President of LeadLeo Wang Chenhui   Wang Chenhui stated that the data trading market is an emerging and rapidly developing field, which stems from the advent of the digital age and the continuous popularization of big data technology.   In today's digital age, data has become an important asset for businesses and individuals, and data trading has become a crucial part of this new economic sector.   In this market, businesses and individuals can buy and sell various types of data, including consumer data, enterprise data, financial data, and more. These data not only possess extremely high commercial value but also have a profound impact on social and economic development. At the same time, with the continuous acceleration of the digitalization process, data has become an important basis for corporate and individual decision-making. The data trading market provides enterprises with access to high-quality data resources and also offers individuals a way to realize the value of their data. Through data trading, enterprises can better understand market and user needs, optimize products and services, improve efficiency and reduce costs. Individuals can generate economic benefits by selling their data and also obtain better services and products. According to the predictions of Frost & Sullivan and LeadLeo, by 2025 In [a certain year], the global data trading market will reach 1,445 billion dollars; 2030 The annual market scale will reach 3,011 billions of dollars. This figure is sufficient to illustrate the importance and potential of the data trading market.   Core viewpoints   Wang Chenhui believes that China has entered a new stage of integrated development between the digital economy and the real economy. As data elements, as a new type of production factor, empower the development of other traditional production factors in all aspects, transactions targeting data products have been carried out, further deepening the development of China's digital economy. With the introduction of a series of policies for data elements, the innovative vitality of data elements has been further stimulated, promoting the rapid development of the data element market, and data transactions have seen a new wave of development. He further pointed out that in the future, there is still considerable market growth potential for China's data trading industry. It is expected that the market scale of China's data industry will continue to show a steady growth trend in the future, and 2025 The market scale of China's data industry is expected to reach 2,046.0 yuan, to 2030 The market scale of China's data industry is expected to reach 5,155.9 yuan, 2025 - 2030 The annual compound growth rate is about 20.3% .   In the next decade, the annual compound growth rate of the scale of China's data trading market will be much higher than that of the global data trading market. CAGR horizontal. The Chinese data trading market can currently be divided into two parts: intraday trading and over-the-counter trading. With the development of China's data trading industry, the market share of intraday trading in China will continue to rise. At the same time, more and more Chinese data exchanges have been established, and data trading activities are migrating towards intraday trading venues. As important platforms of the data market, these exchanges provide a more standardized, transparent, and efficient trading environment for both data supply and demand sides. Through intraday trading, the quality and security of data are better guaranteed, and it also promotes the optimal allocation of data resources and maximizes their value. In the future, with the continuous expansion and improvement of the data trading market, we have reason to believe that this will inject stronger momentum into China's digital transformation and economic development. In summary,   The Chinese data trading market will continue to migrate towards on-exchange trading. In the future, off-exchange trading will align with the regulatory rules for on-exchange trading, the quality of data products, and the business models of outstanding data merchants, aiming to achieve the 'three good goals' of good enterprises, good products, and good services.     Global data trading Next, Wang Chenhui will look at the data trading market from a more quantitative perspective, starting with the global market. As the digitalization process accelerates in various countries, data has become a new factor of production, and the scale of data transactions has also been growing continuously.   2022 The global data transaction volume is currently at approximately 906 billion US dollars, forecast to 2025 The annual market size is expected to grow by more than one trillion US dollars, and the global market will continue to grow steadily in the future. 2030 The global data trading market size is expected to reach 3,011 billion dollars. Wang Chenhui pointed out that the main reasons for the expansion of the global data trading industry market size include three points: First, the development of the data trading market is inseparable from the development of the data economy and policies. Countries have put forward various terms regarding data pricing, trading mechanisms, and rights confirmation. The improvement of policies has promoted the development of the global data trading market; second, with further economic globalization, the number of multinational enterprises has climbed, and the demand for cross-border data products and services trading has been continuously increasing, leading to an expansion in the data trading market size; third, 2020 In the year, sudden emergencies erupted, offline real economy was restricted, and most goods and services began to shift online, accelerating digital transformation. The scale of data transactions increased. 2022 The market size of the U.S. data trading market in 2019 was 417 Billions of dollars, the United States is the country with the largest global data trading market size. The main reasons for the growth in the US market size are as follows: Firstly, the United States is an absolute advantage country in North America, with its total economic volume and economic growth rate far exceeding those of other countries. The proportion of the digital economy exceeds GDP total value 60% Secondly, the leading data trading companies in the United States are all internet enterprises, which span the globe and possess strong capabilities, giving the US data trading industry a unique data foundation and technological advantage. China Data Trading Wang Chenhui believes that China's prominence in the global market is due to the support of the policy and economic environment. The data trading industry in China has experienced rapid growth over the past two years. 2021 - 2022 In China, the market scale of data trading industry in 600 RMB 10 billion, increasing to over 800 yuan, with an annual growth rate of about 42.0% The growth rate has been significantly accelerating.   Considering the favorable factors such as the industry development stage and policy environment, it is expected that in the future 3 - 5 During the year, China's data trading market will still be able to maintain relatively high-speed growth. 2025 The market scale is expected to grow to 2,000 Above 100 million yuan, with a still relatively high growth rate. At the current stage, the main reason for the expansion of the market scale of China's data trading industry lies in the gradual prominence of data value. The state strongly advocates and supports the development of the digital economy, and data has become an important basic and strategic resource for countries in today's era. In the future, there is still considerable market growth potential for China's data trading industry. It is expected that the market scale of China's data industry will continue to show a steady growth trend in the future, and 2030 The market scale of China's data industry is expected to reach 5,000 Yuan billion, with the overall growth rate of the Chinese market significantly higher than that of the global market. Then, Wang Chenhui stated that as the Chinese data trading market grows, the market share of on-exchange transactions in the industry is also continuously increasing. 2025 The annual target is expected to be reached 10% , 2030 Annual meeting achieved 20% , achieving a doubling of growth. In the future, the data trading market will continue to develop towards on-exchange activities. There are four reasons behind this: Firstly, on-exchange trading brings together high-quality enterprises, providing a high-quality endorsement for data trading enterprises. Secondly, the data products traded on-exchange have relatively strict quality standards, and the state will also introduce corresponding pricing standards in the future to regulate the products traded on-exchange. At the same time, on-exchange trading has established trading rules to ensure the safety of the trading process and provide good services for both parties involved in transactions. Finally, transferring data trading to on-exchange can offer enterprises more diversified data trading methods, including the confirmation, trading, circulation, and monetization of data assets. Through the on-exchange trading market, enterprises can invest and operate data as assets, tap into more potential value of data, and realize the assetization of data.   In summary, the establishment and development of an in-market trading platform can promote the optimal allocation of data resources and maximize their value, enabling data to truly become digital assets and assist Chinese enterprises in their development. Data trading across regions     Wang Chenhui introduced that the regions with the largest market scale for data trading in China are East China and South China, followed by Southwest China. This figure is directly related to the development of digital economy in each region. Overall, the reasons for the better development of data trading markets in East China, South China, and Southwest China are as follows: First, the financial markets in East China and South China are well-developed. Since the demand side for data is mainly concentrated in the financial industry, such as securities firms, insurance companies, banks, etc., the development of the financial industry in East China is relatively concentrated, thus leading to better development of the data trading industry. Second, the internet industry in East China and South China is also well-developed. Since internet companies lay the technical, software, and hardware foundations for data trading markets, the data trading markets in East China and South China developed earlier and have a solid foundation from multiple aspects. Finally, for Southwest China, its data center infrastructure is relatively complete, and the data trading scale of the Guiyang Data Exchange is leading in the market, so the development of the data trading market in Southwest China is also relatively stable. He stated that the market scale of data trading in the Northeast and Northwest regions is relatively low, mainly due to economic and demographic limitations, which have led to significantly insufficient production and sales of data trading in these two markets. Looking at the main economic regions, data trading is mainly concentrated in the Yangtze River Delta region, accounting for nearly 30% Secondly, the data trading market in the Guangdong-Hong Kong-Macao region has also developed quite strongly, followed by the Sichuan-Chongqing region. Looking at each city, the top ten cities with better development are Guangdong, Beijing, Shanghai, Zhejiang, Jiangsu, Fujian, Shandong, Sichuan, Hubei, and Henan. Overall, all regions are actively exploring and promoting the development of data trading markets. Some regions have adopted the method of establishing public data platforms to promote the open sharing of government data; others have provided data trading services for enterprises by establishing data trading centers or platforms. In the process of development, all regions also face some challenges and problems, such as low data quality, insufficient data security guarantees, and a lack of unified data trading rules and standards. To solve these problems, all regions need to further strengthen policy support, technology research and development, talent cultivation, and other aspects to promote the healthy development of the data trading market. At the same time, with the continuous development of the digital economy, the data trading market will also face more opportunities and challenges.   Regions need to closely monitor market changes and policy trends, strengthen cooperation and exchanges, and jointly promote the prosperous development of the national data trading market. Data trading across industries Wang Chenhui believes that the data element market is a comprehensive factor market that spans various fields, with a rich variety of scenarios for the application of data resources in China. In recent years, the demand for data applications across all industries has been continuously increasing, which has also significantly promoted the activity of China's data trading market. 2022 In [year], China's data trading scale exceeded 800 RMB 10 billion. Among them, according to the data application fields, the data transaction scale of the financial industry is about 300 Yuan, with the scale accounting for 35.0% It is currently the largest sub-industry data trading market. Since data is a core element in financial operations and plays a very important role in financial risk control and marketing, data products are used more extensively and intensively in the financial industry than in other sectors. Banks, insurance companies, securities firms, and some internet companies are currently the core users of financial data. As the largest sub-industry of data application, the financial industry has diversified data sources, including operators, social security, industry and commerce, insurance, power, medical insurance, etc. The data providers are mainly represented by state-owned enterprises. In terms of data product types, credit reporting products are the most significant transaction products in the financial industry, including personal credit reporting and corporate credit reporting. Among them, the transaction scale of personal credit reporting data products can account for nearly 26.0% . Subsequently, he stated that the data trading market in the financial industry has shown a rapid growth trend over the past five years and has considerable room for growth in the future. If policies can actively promote the development of data rights confirmation, data classification, and the inclusion of data assets in financial statements, and if the openness of public data can continue to deepen the application scenarios of financial data, then businesses with great potential, including financial customer profiling, credit lending, joint credit reporting, and financial anti-fraud, will be further developed. In addition to the financial sector, data trading in the internet industry is the second largest data application industry, accounting for approximately 24.0% The proportion of data trading in the communication industry has also reached about 9.0% The data trading volume in manufacturing, government affairs, and healthcare industries is comparable, each accounting for a portion of the overall market 6.0%-7.0% market share; approximately 8.0% The market scale of data trading is dominated by other industries, such as culture and tourism, agriculture, etc. In the future, with the promotion of favorable policies related to data rights confirmation, data classification, and data assets like tables, the application value of various data products in various industries is expected to continue to be developed, and the trading scale will continue to increase. Finally, Wang Chenhui pointed out that with the in-depth development of the digital economy and the improvement of informatization levels, China's data trading market will embrace broader development prospects. At the same time, it also requires the joint efforts of all sectors to strengthen cooperation and innovation, promote the standardization, normalization, and innovation of the market, and achieve rapid development of the digital economy. We look forward to further development of China's data trading market!

2023 Annual Health Environment Electrical Appliance Industry Development Conference 11 month 24 On the 1st, co-hosted by Huicong Water Purification Network and Huicong Air Purification and Fresh Air Network, the event “New Beginnings, Bold Actions ·Growth Against the Current→ 2023 The Annual Health Environment Electrical Appliance Industry Development Conference was successfully held in Guangzhou. The purpose of this conference is to focus on the latest ideas, technologies, and services in the world-leading health environment electrical appliance industry. With a holistic perspective and systematic layout, we aim to build an influential international event that sets up numerous sub-awards to discover brands and individuals who are shining in various fields such as product research and development, intelligent manufacturing, and model innovation. By collecting these 'highlights,' we intend to illuminate the glory of the industry. Starting from now, we explore new forces, trends, and futures in the health environment electrical appliance industry, using the power of examples to boost industry development.   Frost & Sullivan Frost & Sullivan Chen Xialin, consulting manager of Frost & Sullivan's Greater China region, was invited to attend the event and delivered a speech on the theme of 'The Future Outlook of Commercial Water Purification'. Consulting Manager, Greater China, Frost & Sullivan Chen Xialin Chen Xialin stated that in the commercial sector, due to the outstanding advantages of water treated by water purifiers in various aspects, its market share is continuously increasing, gradually replacing bottled water and plain boiled water. The proportion of consumption of drinking water treated by water purifiers has changed from 2018 year 12.5% Grew to 2022 year 15.9% In recent years, commercial water purifiers have become very popular in scenarios such as office buildings, hospitals, enterprises, and government agencies. The water treated by water purifiers is gradually becoming the mainstream of commercial drinking water. It is estimated that by 2027 In 2024, its proportion will grow to 25.8% . Judging from the investment and financing situation, 2022 In 2021, with economic recovery, strong downstream market demand, and increasing residents' attention to drinking water health, the number of investment and financing projects 2021 year 1 Rising sharply 5 At the beginning, the amount of investment and financing grew to 27 yuan, nearly 7 The highest year-on-year level was recorded, with an improvement in market prosperity. It is expected that in the future, as water purifiers become more widespread and their technology and services are updated and iterated, the popularity of the water purification industry will gradually rise. From the perspective of the industrial chain, the upstream of China's commercial water purifier industry consists of raw material suppliers, which are divided into core component suppliers and core consumables suppliers. Among them, core components account for a significant proportion of the total raw material costs. 23.4% Proportion, with core consumables costs accounting for the entirety of raw material costs 20.0% , 45.8% For labor and factory costs. In the midstream of the industrial chain are water purifier manufacturers, divided into four categories: international brands, Chinese household appliance brands, Chinese water purification brands, and other brands. International brands have a high profile and market recognition, and possess technological advantages, occupying a high share in the market; Chinese brands have channel advantages, with well-known enterprises such as Midea and Haier also holding a certain market share. In the downstream of the industrial chain are the application scenarios for commercial water purifiers, with office use being the main scenario, accounting for a market share of 60% The overall downstream coverage rate is at a low level, indicating significant potential for future development. Chen Xialin pointed out that the total cost of a water purifier product can be divided into core component costs, core consumable costs, and labor and factory overhead costs, among which labor & The factory building occupies a relatively large proportion, accounting for 56.6% This is mainly due to the improvement in manufacturers' service capabilities, which has led to increased labor costs. Consumables and components include four-stage filters, explosion-proof filter bottles, booster pumps, and valves. / Switches have a high equivalent value. She further introduced that the fourth-stage filter element is key to the water purification process, and about 80% of products on the market use it RO Reverse osmosis membrane; currently RO In the reverse osmosis membrane market, international companies hold a dominant position. The first tier consists of Dow and Hydranautics from the United States, which account for more than half of the global reverse osmosis membrane market share, forming an oligopoly market. The second tier includes China's Wohlen and American companies. GE And Japan's Toray, in the market Top 5 Only one Chinese company, CR5>80% The localization rate is relatively low, with local enterprises covering the low-end market. However, they are promoting the localization process by leveraging price and applicability advantages. Chen Xialin believes that among the four downstream application scenarios, the office scenario has a stable position for leading enterprises, making it difficult for new entrants to gain market share. The catering and kitchen scenario has a smaller market with relatively lower development potential; the electronic scenario and medical scenario have high technical difficulty, fewer participants, more market entry opportunities, and greater downstream demand, thus possessing more development potential. since 2018 Since [start year], the market scale of water purifiers in China has exceeded 100 billion yuan for several consecutive years. It is expected that the market will maintain rapid growth in the future. 2027 Annual achievement 1,985.7 Yuan. Commercial water purifiers are one of the fastest-growing categories in the water purifier market. With the increasing demand for commercial water purifiers in various downstream fields and the improvement of commercial water purifier ecosystem services, it is expected that by 2027 In [year], the market scale of commercial water purifiers in China will grow to 214.0 yuan, 2022 - 2027 year CAGR reach 12.4% The vast market scale has attracted more enterprises to deploy in the commercial water purifier sector. Chen Xialin stated that the core competitiveness of commercial water purifier companies mainly lies in brand building, channel development, and scenario applications. Brand value is crucial for a company to establish itself in the market; it is difficult for companies without established channels to enter the market; breakthroughs are needed in full-scenario operations and customization; moreover, manufacturers can alleviate the pain point of frequent filter replacements by improving service levels. Subsequently, she pointed out that participants in the Chinese commercial water purifier market include international brands and domestic manufacturers. In terms of international brands, A.O. Smith A.O. Smith ), 3M While the company has established a certain market share and brand influence in the commercial water purifier market in China. These international brands have gained a certain market recognition after entering the Chinese market, leveraging their advantages in technology research and development, quality control, brand influence, etc. In terms of Chinese manufacturers, Angel ( angel Companies such as Midea and others hold a significant share in the commercial water purifier market. These Chinese enterprises have achieved certain success in research and development and production. By continuously innovating and improving product quality, they have gradually formed their own brand advantages and market position. Currently, there is not much gap between water purifier products from Chinese and international brands, and both can meet high water purification requirements. However, products from third- and fourth-tier brands may have stability issues compared to internationally renowned brands. Finally, Chen Xialin concluded that the future development trend of the commercial water purifier market will mainly involve service upgrades, technological iterations, and intelligence. & Automation, standardization, and centralized direct drinking. Water purifier manufacturers will continuously improve service quality and carry out technological innovation. By providing comprehensive after-sales service and solutions to meet customer needs, they will launch products with higher performance and more advanced technology to satisfy market demands, thereby enhancing brand competitiveness and market share. The trend towards intelligence will improve the performance, reliability, and user experience of commercial water purifiers. It will also break down data silos among manufacturers, distributors, and users. Manufacturers can adjust production and R&D strategies in real time based on real-time user and distributor data. Standardization means establishing a good market order for commercial water purifiers. An ecological business model and reliable partners are essential factors in creating a favorable environment. Centralized direct drinking solutions are the future development trend for commercial water purifiers. Currently, the quality of office water is gradually improving, approaching the standards for direct drinking water. End-of-line water purification will gradually be phased out and replaced by centralized direct drinking. Compared with traditional decentralized direct drinking, centralized direct drinking has advantages such as lower costs, convenient maintenance, energy saving, and consumption reduction.