Guoxuan Smart Sharing Session 18 period G-Insight 2011 In 2012, China was the first in the world to promote the industrialization of new energy vehicles. By taking a different path, Chinese enterprises gained a very valuable time window and won a rare first-mover advantage. 2022 year, after 10 After years of development, China's production of new energy vehicles and power batteries has become the world's largest. 2022 year 1 - 10 In China, the sales volume of new energy vehicles reached 528 10,000 units, accounting for China's automobile sales in the same period 24% Year-on-year growth 1.1 times; 2022 year 1 - 10 Monthly installed capacity of power batteries in China 224GWh , accounting for nearly 60% . In the process of industrial development, Chinese enterprises have undergone technological transformation, accurately selected technical routes, and grasped the directions of electrification, networking, and intelligence. The new energy vehicle industry in China has developed rapidly with policy support, winning high recognition from major global automobile manufacturers and companies.   12 month 14 On the day, Guoxuan Smart Sharing Conference specially held “Integrating Green Power, Sharing Industrial Opportunities” 18 period G-Insight Event, Frost & Sullivan Frost & Sullivan, The Executive Director of Frost & Sullivan Greater China, Mr. Xiang Wei, was invited to participate in the event. He shared insights on the development trends of the lithium battery market and participated in a roundtable forum.   Xiang Weili stated that the development of the entire power battery industry cannot be separated from the booming global new energy vehicle industry. Under the wave of global new energy vehicle development, countries around the world are accelerating their pace of electrification transformation of automobiles. Data shows that globally, the overall new energy vehicle market has maintained over 50% The annual compound growth rate has increased, 2022 Expected to reach in year 1,130 10,000 units, compared to 2021 The year-on-year growth was nearly 80% Driven by global environmental protection issues and the energy crisis, the overall sales volume of new energy vehicles will continue to grow globally. It is expected that by 2026 more than 2,800 10,000 units, 2022 till 2026 The annual compound growth rate for the year will still remain at 25% As mentioned above, regions such as China, Europe, and the United States are developing rapidly, starting from 2017 Since the beginning of this year, China's new energy vehicle sales have long maintained first place globally.   "Driven by policies, technology, and infrastructure development, the new energy vehicle industry will develop around three major aspects: 'energy, intelligence, and connectivity'," said Xiang Wei.   In terms of the types of new energy vehicles, pure electric vehicles have always been the most popular type in both the global and Chinese new energy vehicle markets. They account for 70% Market share on the left and right.   At the same time, pure electric vehicles will continue to be favored by consumers due to the increasing awareness of new energy vehicles among consumers, support from relevant policies, the improvement of charging infrastructure construction, and the advancement of advanced technologies.   Xiang Weili pointed out that under the strategies of 'carbon neutrality' and 'carbon peak', the automotive industry is accelerating its transition to low-carbon development, with the sales volume of pure electric vehicles rapidly climbing. 2022 In [year], global sales of pure electric vehicles are expected to reach 734 10,000 units, expected by 2026 The year will exceed 2,100 10,000 units.   In terms of penetration rate, China's penetration rate of pure electric vehicles is much higher than the global average. 2022 Expected to reach in year 19.5% , 2026 Expected to reach in year 45.0% .    In the future, with further improvements in the comprehensive performance, intelligent technology, ownership cost, product quality, reliability, value-added services, and environmental benefits of pure electric vehicles, there will be more market demand for pure electric cars, leading to a continuous increase in penetration rates.   With clean energy and green energy becoming a global consensus, countries around the world have embarked on a large-scale 'electrification' wave. Lithium batteries, as the main power source for new energy vehicles, have always been a key factor in the development of the new energy industry. The global automotive industry is accelerating into the 'electrification' era, with the installed capacity of power lithium batteries rising year by year, and it is expected that in 2026 Annual achievement 1,898.1 GWh Data shows that China, Europe, and the United States are the core markets for power batteries, with installed capacity accounting for the majority of the global total. 90% Market share on both the left and right sides. Among them, China's passenger vehicle sales have ranked first globally for many consecutive years, creating a huge demand for power batteries.   In the future, driven by the accelerating global energy transition and the reshaping of the electric vehicle-related supply chain pattern, China, Europe, and the United States will continue to make efforts in the field of new energy passenger vehicles, driving the expansion of the market scale for power battery installations.   According to Xiang Weili, lithium iron phosphate batteries belong to an industry that is key to national development. They exhibit industry characteristics such as mature processing technology, effective cost control, and relatively stable customer channels.   . 2022 year 3 month to 4 During the month, the proportion of lithium iron phosphate battery models in the 'Recommended Models for New Energy Vehicle Promotion and Application' released by the Ministry of Industry and Information Technology increased. With the continuous rise in global lithium prices, lithium iron phosphate batteries have seen a rapid increase in terminal penetration rate due to their cost-performance advantages and have become the mainstream market trend. 7 Since January, multiple models of Tesla and other brands have started to be equipped with lithium iron phosphate batteries. Overseas automakers such as Ford, Volkswagen, and Daimler have also announced that they will gradually begin incorporating lithium iron phosphate batteries into their fleets. Driven by market demand, mainstream power battery manufacturers such as CATL, BYD, Guoxuan High-Tech, Contemporary Amperex Technology Co., Ltd., and EVE Energy are actively expanding their layout for lithium iron phosphate batteries.   Xiang Weili believes that with new energy vehicles, 5G The explosive growth in downstream applications such as base station energy storage, power system energy storage, and lead-acid market substitution will enable lithium iron phosphate batteries to have broad market prospects. Executive Director, Greater China, Frost & Sullivan To power   "The high nickel content of ternary batteries is also a trend that Frost & Sullivan has been following. In order to meet the range requirements of the electric vehicle industry, the development of high nickel content is an important direction for ternary batteries."   Further explaining to Wei Li, due to the scarcity and high price of cobalt materials, ternary cathode materials will increase nickel usage to reduce dependence on cobalt. At the same time, high-nickel materials have a high energy density and can effectively solve the range problem of new energy vehicles. In recent years, with 811 and NCA The shipments of high-nickel ternary materials, represented by this company, continue to rise. Globally, the proportion of high-nickel ternary materials in the overall ternary materials market 2017 year 13.3% grows to 2021 year 40.5% , is expected to arrive 2026 The year will grow to 65.2% . It is also worth mentioning the semi-solid state / The development of solid-state batteries, semi-solid-state / The energy density of solid-state battery cells can reach up to 900 Wh/kg The battery is relatively lightweight and thin, with a small volume, stronger thermal stability, extremely high plasticity, and is semi-solid-state. / The cruising range of electric vehicles with solid-state batteries can easily reach 1,000 For distances over kilometers, the cycle life is significantly improved. Based on the aforementioned advantages, Xiang Wei believes that in the medium to short term trend, semi-solid-state batteries are similar to traditional lithium batteries in terms of manufacturing process and equipment. With gradual mass production in the short term, they are expected to continue to be installed in high-end and mid-high-end new energy vehicles. In the long term, if solid-state batteries can achieve breakthroughs in key technical challenges such as large-scale equipment and ionic conductivity, it will bring about rapid industry scaling. According to a study by Frost & Sullivan, due to policy support and the continuous expansion of clean energy power generation layouts, the electrochemical energy storage industry has seen significant growth in recent years in several countries and regions. 2021 In [year], the global newly installed capacity of energy storage batteries reached 53.5 GWh , is expected to be launched in 2026 Further increased to 682.6 GWh The compound average annual growth rate reached 58.5% Currently, exceeding 20 A government department has issued documents encouraging or mandating the use of energy storage systems in clean energy power plants.   Benefiting from the continuous decline in battery costs and the stimulus of government energy storage policies, the market scale of installed capacity for energy storage batteries in China has grown from 2017 year 1.3GWh Grew to 2021 year 17.6 GWh The compound average annual growth rate is 92.6% .   Driven by continuous technological progress, further reduction in energy storage costs, and broader application scenarios, the market scale of installed energy storage battery capacity in China is expected to 2022 year 30.3 GWh Grew to 2026 year 233.9 GWh The compound average annual growth rate is about 66.7% At the same time, it is expected that by 2026 In 2023, China is expected to become the largest energy storage battery market, accounting for approximately 34.3% "With rising electricity costs, mature energy storage technology, and reduced costs, the global demand for energy storage will grow at a high rate, and the penetration rate of energy storage will continue to increase," said Xiang Wei. Photos from the Roundtable Forum During the subsequent roundtable discussion, we joined forces with Xun Yugen, Chief Economist at Haitong Securities, Xi Xiaofeng, Managing Director of CICC, and Yu Meihan, Researcher at Haitong Securities' Research Institute, to discuss ( 1 ) 2022 Characteristics of the new energy industry in [year] and 2023 Annual development trends and future outlook; 2 What new major investment opportunities in the new energy vehicle and power battery industries are brought about by the electrification and intelligence of automobiles; 3 ) How to formulate upstream mineral, raw material, and equipment investment strategies; 4 How overseas capital serves battery enterprise go-global efforts; 5 A discussion was held on topics such as the overseas expansion advice for Guoxuan High-Tech Battery Enterprises, aiming to explore new investment opportunities in the power battery industry. paragraph 18 Group photo of conference attendees at the Qiguo Xuan Smart Sharing Conference

12 month 4 On Monday, Morgan Stanley upgraded its rating of Chinese stocks from 'neutral' to 'overweight'. 2021 year 1 Since the beginning of the month, Morgan Stanley has been MSCI China's index has maintained a neutral rating, which is also the first upgrade in two years. Recently, several internationally renowned investment banks such as Goldman Sachs, JPMorgan Chase, and Citigroup have raised their expectations for Chinese stocks, with bullish voices continuing to grow. Overallocation of foreign capital, including Goldman Sachs A What are the positive implications of stocks?   From an economic fundamentals perspective, what changes have taken place in global asset allocation? Compared to other countries, where does the attractiveness of Chinese assets lie? Considering liquidity and A From the perspectives of stock valuation and two other aspects, where does the medium- to long-term investment value of Chinese assets lie?     Frost & Sullivan Frost & Sullivan Xu Biao, Executive Director of Frost & Sullivan Greater China, was interviewed by Securities Daily to discuss the above topics. Securities Daily Q Securities Daily Reporter: Many foreign-funded institutions including Morgan Stanley are overweight A What are the positive implications of stocks? Many foreign-funded institutions including Goldman Sachs are overweight. A The stock market reflects foreign investors' optimism about the medium- and long-term investment value of China's economy and assets, conveying positive information about the prospects for economic recovery. Recent adjustments by foreign institutions A The signal of overvalued stocks is not only conducive to enhancing the status and influence of China's capital market in the global market, but also demonstrates the global competitiveness of leading Chinese enterprises. As foreign capital continues to pour into China's capital market, it represents that overseas capital will pay more and more attention to high-quality Chinese enterprises. Leading Chinese enterprises with global competitiveness will gradually be recognized by overseas capital. Taking the domestic semiconductor industry as an example, thanks to the state's support for tackling key technologies in chip manufacturing equipment and driven by the demand for capacity expansion at downstream wafer factories, domestic semiconductor equipment production has significantly increased in recent years, and the localization rate of the semiconductor industry has also gradually climbed. As a result, a group of outstanding enterprises with global competitiveness have emerged in China. With the overallocation of foreign capital A Shares, and these Chinese leading enterprises are bound to be sought after by foreign capital. Q Securities Daily Reporter: From an economic fundamentals perspective, what changes have occurred in global asset allocation? Compared to other countries, where does the attractiveness of Chinese assets lie? From the perspective of global asset allocation, stock markets in multiple countries represented by the US market may face pressure due to central bank tightening. With the expectation that economic recession risks remain, the returns and attractiveness of domestic capital markets will weaken. Therefore, overseas capital will flow into more attractive capital markets. Against this backdrop, China is expected to occupy a favorable position in global asset allocation. On one hand, the Chinese market offers a higher degree of diversification, which is more conducive to building a stable asset portfolio. On the other hand, against the backdrop of the Chinese government's adjustment of epidemic prevention policies, with the support of stimulative fiscal and monetary policies, the overall economic situation in China is expected to remain stable and improve, and the attractiveness of the Chinese market will steadily increase. Q Securities Daily Reporter: Combining liquidity and A From the perspectives of stock valuation and two other aspects, where does the medium- to long-term investment value of Chinese assets lie? Currently, while monetary policies in overseas countries represented by the United States are gradually tightening, overall liquidity in China's money market remains loose. Moreover, at present A Equity valuations have strong attractiveness, and the valuations of many industries are significantly undervalued. In the medium to long term, they are expected to gradually recover. Combining with the development prospects of industries with Chinese characteristics, taking the semiconductor and new energy industry chains as examples, a number of enterprises with great medium- to long-term investment value have emerged. In the semiconductor field, with the cross-penetration of many disciplines such as computer science and microelectronics, innovative technologies such as new microelectromechanical system processes are expected to emerge in large numbers, thereby expanding the technical development direction of the semiconductor industry and giving China's leading semiconductor companies an opportunity to stand out. For the new energy industry chain, the continuously increasing electric vehicle range is expected to effectively alleviate consumers' 'range anxiety' and play a huge role in boosting the sales of new energy commercial vehicles and passenger cars. The development prospects of these emerging industries are long-term positive and represent a major manifestation of China's asset investment value. * This interview was published in 'Securities Daily', with the original title being     "The    "Over-provisioning" A The stock market reached a consensus Several internationally renowned investment banks have cast their "trust votes".    >>    （ 👈 Click the title to read the full report).

Currently, the world is undergoing a profound change unseen in a century, with frequent black swan events and a significant increase in uncertainty. However, it is undeniable that innovation opportunities are emerging, and industrial revolutions are beginning. We are also at an era when the agricultural food industry holds the most abundant opportunities. Based on this, 2022 year 12 month 16 day -17 day 2022 The International Top 100 Future Agriculture & Food Companies & Yangling Summit was held at the Yangling Demonstration Zone in Xianyang City, Shaanxi Province. 35 The event was launched by the Shaanxi Provincial Department of Commerce and the Yangling Demonstration Zone Management Committee, and organized by the Yangling Demonstration Zone Industrial Investment Promotion Bureau and the Yangling Food Engineering Innovation Center. The content of this summit focuses on topics such as digital agriculture, modern seed industry, bio-agriculture, future food, and international cooperation. Starting from three major directions: the overall trend, curve overtaking, and underlying transformation, discussions are carried out closely around technological change, industrial application, and value realization, aiming to reach new industrial consensus and jointly build a new engine for the innovative development of future agricultural food in the new era.   Frost & Sullivan Frost & Sullivan, Mr. Zhang Jian, Partner and Managing Director of Frost & Sullivan's Greater China Region, was invited to attend the conference.   And delivered a speech on the current development status and future trends of the Chinese potted vegetable market. According to Zhang Jian, potted vegetable cultivation is one of the emerging vegetable product production methods in China. Compared to traditional vegetable cultivation and hydroponics, potted vegetable cultivation uses organic materials to maintain soil microbial balance, retaining a high level of vegetable nutrition. It has characteristics such as high preservation, high technical requirements, less fluctuation in production capacity, and higher prices. Its consumers are mainly those with certain requirements for vegetable nutrition and freshness, as well as restaurants. as   With the increase in total population and disposable income, the urbanization rate continues to rise, sales channels are diversifying, and people's awareness of personal health has heightened along with their concern for food safety issues. As a result, the vegetable consumption of Chinese residents has been continuously increasing.   and   Potted vegetable products, as a direct way to obtain high-quality fresh vegetables, are becoming increasingly popular among consumers and restaurants due to their year-round supply, efficient production, fresh harvesting, and low content of harmful substances.   According to a study by Frost & Sullivan, the market scale of potted vegetables in China has shifted from 2016 year 1,137 Rise from one million to 2021 year 4,227 One million yuan, with a compound annual growth rate of 30% , is expected to arrive 2026 The number of annual users will grow to 9,210 One million yuan.     In the production process of potted vegetable products, seedling cultivation, substrate preparation, transplanting, and field management are the four key steps. Zhang Jian pointed out that the product production of potted vegetables is located in the midstream of the industrial chain.    There are high requirements for producers' planting experience, technology, scale, and expertise. Potted vegetable producers with long-term management experience, advanced planting techniques, larger scale operations, and employees with professional knowledge can achieve higher productivity. Looking at the downstream of the potted vegetable market industry chain, China's potted vegetable market is mainly composed of wholesale and retail channels, with wholesale sales being the primary sales channel.   At the current stage, potted vegetable production enterprises rely more on wholesalers than retailers, mainly due to the characteristics of wholesalers such as shorter sales cycles and faster payment collection. "However, with the rise of online platforms in recent years, the distribution channels for potted vegetable products have expanded from traditional wholesalers and offline stores to online platforms. The sales volume of retail channels for potted vegetable products has shifted from 2016 year 19.6 Growth from one million boxes to 2021 year 72.8 One million boxes, with a compound annual growth rate of 30.0% "Zhang Jian said." In addition, apart from people    The emphasis on the concept of 'healthy diet' has been a factor, along with the impact of related factors such as the pandemic and natural disasters. In recent years, vegetable prices have continued to rise. Additionally, due to the recurrence of the pandemic, urban residents have begun to engage in a trend of hoarding vegetables. Potted vegetables, as a suitable method for home cultivation, have also attracted widespread attention from urban residents.   Considering all these factors, Frost & Sullivan expects that the retail scale of the potted vegetable market will gradually exceed that of wholesale within the next five years. 2026 The retail volume of annual potted vegetable products will exceed 1.5 1000 million pots, with a compound average annual growth rate of 16.8% .       Zhang Jian stated that the Chinese potted vegetable market is mainly composed of four major driving factors, including urbanization and rising per capita income levels in China, national concerns about food safety, population aging, and the expansion of online distribution channels:     1 Urbanization and rising income levels With the steady growth of the macroeconomy, the income level of Chinese residents has significantly improved in recent years; More and more people are beginning to pay attention to their personal health and seek healthy eating habits.         2 )   Worries about food safety   Chinese residents pursue a higher standard of living, so they pay more attention to food quality;   People's desire for a higher standard of living and the improvement of suboptimal health conditions have led to an increased consumption of healthier foods.   3 )    The ever-growing elderly population   China has entered an aging society. 65 The proportion of the population aged over [X] years has maintained an upward trend;   Elderly people have a high preference for fresh and healthy foods such as vegetables, and it is expected that they will become the main consumer group.         4 )   Expand online distribution channels   Due to the characteristics of low prices and diverse choices, online distribution channels are becoming increasingly popular among customers; ·            Major manufacturers have expanded their distribution channels from traditional wholesalers and retailers to online platforms such as Taobao and WeChat.   "As one of the important components of the agricultural ecosystem, the revitalization and development strategy for rural potted vegetable cultivation will provide favorable support for the growth and expansion of China's potted vegetable market."   Zhang Jianjian further explained that the current potted vegetable market faces development pain points such as deteriorating ecological environment, weak industrial chain, and lack of financial support. In the future, with the country advocating and supporting modern green smart agriculture, implementing industrial strategies, and strengthening financial support, the potted vegetable market is expected to develop rapidly under policy support, prompting more high-quality enterprises to join this sector, unblocking the upstream and downstream of the industrial chain, realizing resource sharing, and developing together.   Zhang Jian believes that the development of the potted vegetable market faces both challenges and opportunities. Currently, although costs are continuously rising and relevant policies need to be improved,   The application of advanced cultivation techniques, the expansion of product varieties, and the continuous improvement of the logistics network will bring development opportunities to the industry.     Finally, Zhang Jian introduced briefly to the guests present the business coverage of Frost & Sullivan in the agriculture, forestry, animal husbandry and fisheries sector. Frost & Sullivan acts as a bridge connecting Chinese enterprises in these sectors with global capital markets. In recent years, it has assisted nearly a dozen enterprises in this area to successfully list on international capital markets and provided diversified consulting services for many industry players.    At the same time, Frost & Sullivan has authored a wealth of in-depth industry research reports covering agriculture, animal husbandry, forestry, and industry policies.   

Recently, 'EY Entrepreneur of the Year 2022 The selection results were grandly announced in Shenzhen. Guests, including representatives of partners, independent judging panel members, and winners of the Ernst & Young Entrepreneur of the Year, attended the award banquet and witnessed two recipients of this year's Ernst & Young Entrepreneur of the Year - Mainland China:   Mr. Wang Hui, Chairman and Founder of SMIC Semiconductor Equipment (Shanghai) Co., Ltd.; Hong Kong / Macau: Executive-in-Chief of Carpool, a ride-hailing platform    Mr. Lin Kaiyuan, Chairman and Co-founder. These awards aim to recognize their enterprising and innovative entrepreneurial spirit, which has led the beauty of business and industrial transformation in this era of transformation, injecting more innovative vitality into the high-quality development of the economy.   Frost & Sullivan Frost & Sullivan Dr. Wang Xin, Global Partner and President of Greater China at Frost & Sullivan (referred to as 'Frost & Sullivan'), attended the awarding dinner as a judge of the independent judging panel and presented awards to some of the winning entrepreneurs. EY Entrepreneur of the Year 2022 Mr. Wang Hui (Second from the right), Chairman and Founder of Shengmei Semiconductor Equipment (Shanghai) Co., Ltd., a winner of Mainland China's Grand Prize EY Entrepreneur of the Year 2022 Hong Kong, China / Macao Grand Prize Winner   Co-CEO and Executive of Kuaigou Didi Chuxing    Mr. Kevin Lam, Director and Co-founder   The selection process lasted nearly six months, and ultimately ten outstanding entrepreneurs were selected    He stood out and received this honor.   This year's selection activity is themed "Stimulate Vitality, Integrate Innovation", aiming to discover and commend those who contribute to...    Entrepreneurs who have made significant contributions to creating a collaborative, efficient, and integrated innovation ecosystem, fostering harmonious cooperation. They achieve this through co-creation and sharing, healthy symbiosis, collaboration    Continuously create long-term value through development methods, further stimulate the vitality of Chinese enterprises, and write a new era for the entrepreneurial spirit of China    connotation.   Chen Kai, Chairman of EY China and Chief Executive Officer for Greater China, said:   "The entrepreneurs selected for this year's 'EY Entrepreneur of the Year' are outstanding individuals who excel in seizing opportunities and bravely facing challenges in a complex market environment. They focus on technological breakthroughs, build strong competitive advantages, and contribute to the country's innovation-driven development strategy; they lead industrial ecosystems, promote integrated development, and serve the construction of the country's modern industrial system; they take on social responsibilities, practice green development, and implement the national 'dual carbon' goals. They work diligently and courageously, responding to the call of the times with a deep sense of patriotism and responsibility, and have written the chapter on the commitment of Chinese entrepreneurs in the new era." Dr. Wang Xin and Ms. Wang Haiying, the consulting services partner of EY's Greater China region, presented awards to Mr. Zhou Kang, co-founder and CEO of Zhonglian Yungang Data Technology Co., Ltd. (General Manager of Tianjin Zhenyun Technology Development Co., Ltd.) Mr. Wang Shaofeng (acting as host) Dr. Wang Xin and Ms. Wang Haiying, Consulting Services Partner of EY Greater China, presented awards to Mr. Du Jinhao, Chairman of Shanghai Aierise Biopharmaceutical Technology Co., Ltd. (received on behalf by Ms. Zhang Xiaofang, Intellectual Property and Legal Affairs Director of Shanghai Aierise Biopharmaceutical Technology Co., Ltd.). 2022 The year is one of forging ahead on a new journey and looking towards a new blueprint. Currently, the adjustment of the world economic pattern is deepening continuously, and the pace of industrial chain reconstruction is accelerating, posing new requirements for enterprise development. As the country accelerates the construction of a new development pattern and continuously activates the powerful potential of technological innovation, more and more innovative technologies are being applied. This not only injects stronger momentum and broader space into the development of Chinese enterprises but also adds an acceleration factor to high-quality development through technology.   EY Entrepreneur of the Year 2022 Bi Shunjie, Co-Chair of the Project and Partner in Charge of Business in Greater China at EY, said:    "EY Entrepreneur of the Year 2022 The selection activity is themed 'Stimulating Vitality, Integrating Innovation', aiming to discover and commend entrepreneurs who have made contributions to creating an innovative ecosystem that is collaborative, efficient, and integrated. Entrepreneurs who received the 'EY Entrepreneur Award' this year actively practice the new development concept with practical actions, making full use of both domestic and international markets. They lead their enterprises to strive hard for better quality, higher efficiency, stronger competitiveness, and greater influence, playing a pivotal role in promoting high-quality economic and social development.   As a global growth consulting firm, Frost & Sullivan brings together the world. 61 years of consulting experience, 24 Over the past year, we have dedicated ourselves to serving the booming Chinese market. With a global perspective, we help clients accelerate their business growth and achieve benchmark positions in growth, innovation, and leadership within their industries.   Dr. Wang Xin stated that this is his seventh year serving as a judge for the Ernst & Young Entrepreneur of the Year award. He is very pleased to be able to work with Ernst & Young to witness the rapid development of Chinese enterprises and the growth of entrepreneurs. In the future, Frost & Sullivan will continue to fulfill its mission by helping enterprises achieve growth, empowering industrial transformation and upgrading through innovation and technology, cultivating leading Chinese entrepreneurs, and ultimately promoting China's economic and social development. Dr. Wang Xin took a group photo with members of the independent selection committee for the Ernst & Young Entrepreneur of the Year (partial list) and some of the award-winning entrepreneurs (partial list).   Centering on the new characteristics and requirements of national development, the “EY Entrepreneurship Award” has been launched since 2006 Since the beginning of this year, we have been using an international perspective to delve into the contemporary connotations of entrepreneurial spirit, encouraging entrepreneurs to play a greater role in the country's economic and social development. From an industry perspective, this year's award-winning entrepreneurs are concentrated in two major sectors: technology and healthcare science and health. This reflects the booming development of hard technology and the big health industry. At the same time, entrepreneurs from industries such as consumer retail and high-end manufacturing continue to rank at the forefront, demonstrating the exploration of traditional enterprises towards product innovation and sustainable development concepts in the new era, as well as their determination to actively promote enterprise transformation and diversified value creation.   EY Entrepreneur of the Year 2022 Huang Yin, co-chair of the project and managing partner of EY's South China region, said:   Since the inception of the 'EY Entrepreneur of the Year' in China seventeen years ago, we have been dedicated to discovering and recognizing entrepreneurs who have achieved commercial success and possess a strong spirit of innovation. By commending their extraordinary achievements, we aim to inspire and drive more Chinese entrepreneurs to make greater breakthroughs.   EY Entrepreneur of the Year 2022 Group photo at the awarding dinner EY Entrepreneur of the Year 2022 Winner (Rankings are in no particular order.) Technology industry manufacturing Medical Science and Health   consumer goods industry

Hydrogen energy, as a green energy source, is characterized by wide availability, low carbon emissions, flexibility and efficiency, and diversified applications. Hydrogen has a high energy density and a calorific value much higher than that of fossil fuels. In recent years, hydrogen energy has emerged as a recognized clean energy source, standing out among low-carbon and zero-carbon energies.   12 month 6 Today, Frost & Sullivan Frost & Sullivan The online live seminar on 'Hydrogen Energy Industry Review and Outlook in the Zero-Carbon Era', referred to as 'Frost & Sullivan', was successfully held with media support provided by Titanium Media. This online live seminar focuses on the main market development trends, technical paths, and industrial chain integration.   Xiang Wei, Executive Director of Frost & Sullivan Greater China, joined forces with Zhang Yiying, Secretary-General of the Shenzhen Hydrogen and Fuel Cell Association, and Hu Xinwu, General Manager of the Strategic Planning Department at Hydroblue Technology, to jointly interpret and discuss the current development trends of the hydrogen energy industry. They also gained an in-depth understanding of the latest industry information and the opportunities and challenges the industry faces in the future. 👉 Click "Read the Original Text" at the end of the article to watch the live broadcast replay. 1 With strong policy support, the hydrogen energy industry has entered a fast development phase. 2022 In [year], Chinese government ministries and local governments introduced a number of policies related to the hydrogen energy sector, covering the upstream 'manufacturing, storage, transportation, processing' four major links, the midstream fuel cell power system field, and the downstream fuel cell vehicle field. The hydrogen energy industry has become a key development area during China's 14th Five-Year Plan period, with an estimated growth rate of 2025 In China, the number of fuel cell vehicles in use reached 5 Ten thousand vehicles. Under the goals of carbon peak and carbon neutrality, renewable energy hydrogen production, electrohydrogen coupling, and large-scale application of fuel cells will become one of the powerful approaches for China to build a clean, low-carbon, safe, and efficient energy system.   Q Sun Cheng, Content Director of Titanium Media East China: The Shenzhen Hydrogen and Fuel Cell Association is a social organization that has taken the lead in focusing on the development, innovation, and utilization of the hydrogen and fuel cell industry. From the perspective of South China, centered around Shenzhen, what are the reasons and significance for the country's strong support for hydrogen energy development? Hydrogen energy is an important carrier of future energy. It will not only drive the process of 'carbon peak' and 'carbon neutrality', but also systematically change our lifestyle, how we produce energy, and the entire economic system.   The Shenzhen Hydrogen and Fuel Cell Association was established 2017 In [year], the development of hydrogen energy industries in Shenzhen, Foshan, Guangdong, and even across the country was accompanied by advancements. Countries abroad started their hydrogen energy layout earlier, and our country also began paying attention to hydrogen energy very early on, including research and development related to fuel cells and promoting them. However, due to breakthroughs in power battery technology in China and some supportive policies, the development of the hydrogen energy industry slowed down for a period of time. But in recent years, with the proposal of the 'dual carbon' goal, the urgency of energy transformation has become increasingly prominent.   At present, the industrialization of some hydrogen energy technologies in China has reached a global leading level, while others are still in a state of catching up.   As hydrogen energy is gradually applied in fields such as transportation and industry, it is expected that the development of the entire industrial chain will also accelerate over time.   At the same time, under the policy guidance of demonstration urban clusters, China has basically formed several distinctive regional hydrogen energy industry clusters, including the core regions of Beijing-Tianjin-Hebei, Yangtze River Delta, and Pearl River Delta. Other regions are also exploring their own characteristics and advantages to develop the hydrogen energy industry.   Overall, the hydrogen energy industry chain is long and covers multiple fields, thus requiring cross-industry and cross-regional collaborative efforts upstream and downstream.   From the perspective of the association, we are trying to build a professional platform that allows industry participants to join and expand from Shenzhen to other regions, aiming to promote industry exchanges, government-enterprise cooperation, technology promotion, and standardization construction. Q Sun Cheng, Content Director of Titanium Media East China: HydroBlue Technology is a leading manufacturer of hydrogen fuel cell systems and core components nationwide. What care and support has the Chinese government, especially the governments of Guangdong Province or Shenzhen City, provided to startups like HydroBlue Technology?   The hydrogen energy industry is in its early stages of development. As practitioners in this field, we have felt over the past two years that from the national level to the governments of Guangdong Province and Shenzhen City, significant policy support has been provided to hydrogen energy enterprises.   The state first Two batches of urban demonstration clusters have since been promulgated. 2021 year 9 In January, the state officially approved the Guangdong urban cluster as one of the first batch of demonstration urban clusters for fuel cell vehicle pilot applications. Since the approval of the demonstration urban cluster, the Guangdong provincial government has formulated a series of support policies for all aspects including hydrogen production, storage, transportation, and utilization. At the same time, the government has provided significant policy support to enterprises in all sectors, whether in terms of investment or costs. As one of the core cities for hydrogen energy development under the 'dual carbon' goal, Shenzhen has also received policy support in various directions from both the state and provincial government for the hydrogen energy industry, under their overall layout of the hydrogen energy sector. 2021 year 6 In the 14th Five-Year Development Plan of Shenzhen, it is clearly proposed that hydrogen energy and fuel cells will be positioned as key areas for strategic emerging industries for development; 2022 year 6 In the 'Opinions of the Shenzhen Municipal People's Government on Developing and Strengthening Strategic Emerging Industries Clusters and Cultivating Future Industries', eight 'key sub-sectors of strategic emerging industries' were proposed, among which key technologies such as hydrogen energy and fuel cells are included in the 'new energy industry cluster'. With the support of these policies, Shenzhen has successively introduced a series of supporting detailed rules ranging from hydrogen fuel cell vehicles to ships, from hydrogen refueling stations to demonstration applications of hydrogen energy storage and distributed power generation. Q Sun Cheng, Content Director of Titanium Media East China: From an industry perspective, how do you view the role of policies in promoting the overall development of the hydrogen energy sector?     From an industry perspective, the state has played an important guiding and promoting role in the development of the hydrogen energy sector.   For example, 2022 year 3 month 22 On the same day, the National Development and Reform Commission and the National Energy Administration jointly issued the "Medium- and Long-Term Development Plan for the Hydrogen Energy Industry 2021 - 2035 The document has injected a boost into the development of China's entire hydrogen energy industry. The 'Plan' has clearly elevated hydrogen energy development to the national strategic level, establishing it as an important component of China's future energy architecture and a crucial carrier for green and low-carbon transformation at the energy consumption end. At the same time, the 'Plan' has specified the need to strengthen and support the development of cutting-edge technologies in the hydrogen energy sector, including fuel cell stacks, battery systems, and core components, aiming for domestic substitution.   The policy's promotion of technology is not only in fuel cell vehicles or battery systems, but it is also continuously penetrating into the entire hydrogen production, storage, transportation, and utilization chain, continuously advancing the formation of a closed-loop technology ecosystem for China's hydrogen energy industry. Under the guidance of policies, industry participants have a clear development direction. In the future, the market-oriented operation of hydrogen energy in China will be based on evidence and regulations.    In addition, driven by national policies, a domestic ecosystem has currently been formed 3+2 The pattern of hydrogen fuel cell vehicle urban demonstration clusters, including 2021 The annual hydrogen energy development urban clusters in Beijing, Shanghai and Guangdong have taken shape, with a cumulative plan to promote more than 2 10,000 units, with the construction of hydrogen refueling stations exceeding 300 seat; and 2022 The addition of Henan and Hebei urban clusters will continue to drive the commercialization and implementation of the hydrogen energy industry. At the same time, the continuous introduction of local policies can further guide the development of enterprises in the hydrogen energy industry chain. The cooperation between the government and enterprises in the hydrogen energy industry chain will deepen, leading to the construction of hydrogen energy characteristic cities and regions.   2 Hydrogen fuel cell vehicles provide important opportunities for the hydrogen energy industry 2022 In [year], Chinese government ministries and local governments introduced a number of policies related to the hydrogen energy sector, covering the upstream 'manufacturing, storage, transportation, processing' four major links, the midstream fuel cell power system field, and the downstream fuel cell vehicle field. The hydrogen energy industry has become a key development area during China's 14th Five-Year Plan period, with an estimated to 2025 In China, the number of fuel cell vehicles in use reached 5 Ten thousand vehicles. Under the goals of carbon peak and carbon neutrality, renewable energy hydrogen production, electrohydrogen coupling, and large-scale application of fuel cells will become one of the powerful approaches for China to build a clean, low-carbon, safe, and efficient energy system.   Q Sun Cheng, Content Director of Titanium Media East China: Currently, the hydrogen fuel cell system products produced by HydroBlue Technology have been widely applied in various types of passenger vehicles, trucks, logistics, and other transportation products. So, what are the advantages of hydrogen fuel cell vehicles compared to traditional fuel vehicles and lithium-ion new energy vehicles? What is the current supply and demand relationship for the development of hydrogen fuel cell vehicles? We know that fuel vehicles consume fossil fuels, producing and emitting carbon dioxide, sulfur dioxide, and nitrogen oxides, which is not conducive to the achievement of the 'dual carbon' goal. Hydrogen fuel cells produce only water through electrochemical reactions, and hydrogen fuel cell vehicles have an advantage over fuel vehicles in terms of cleanliness and environmental protection. In addition, water can be recycled, and further electrolysis of water to produce hydrogen is expected to promote the development of circular economy and zero-carbon economy. Currently, the development of lithium battery-powered vehicles also has the advantages of being clean and low-carbon. However, hydrogen energy has different power attributes from lithium batteries, thus it possesses some other advantages.   Firstly, hydrogen energy can solve the problem of long battery life for lithium-ion batteries.   Hydrogen fuel cell vehicles have lightweight hydrogen cylinders, and a single refueling can support at least 400 - 500 kilometers of driving. The pressure of hydrogen cylinders currently in use in China yes 35 MPa, which is expected to be adopted in the future as used in Europe, Japan, and South Korea 70 MPa hydrogen cylinders. In this case, the future cruising range will be further enhanced under the same system.   Second, under the same cruising range, hydrogen fuel cell vehicles have a lighter self-weight than lithium battery vehicles.   To increase the range of a lithium battery-powered car, the most direct approach is to continuously add more batteries. Of course, the industry is also constantly researching and developing larger-capacity lithium batteries.   Third, hydrogen fuel cell vehicles have a short refueling time, generally 15 within a minute.   The charging time for lithium batteries is relatively long, and domestic charging stations have not yet met the charging needs of various regions. Especially during holidays, it often takes several hours to charge halfway on highways. Therefore, for China, hydrogen fuel cell vehicles are more suitable for future development, especially for commercial vehicles such as logistics vehicles that are highly sensitive to time. Q Sun Cheng, Content Director of Titanium Media East China: From the perspective of the association, what are the current main application scenarios and situations of hydrogen fuel cell vehicles in China? How is the acceptance of hydrogen fuel cell vehicles in South China, represented by Shenzhen, evolving? At present, the Guangdong Hydrogen Fuel Cell Vehicle Demonstration City Cluster has been established with more than 40 Number of hydrogen refueling stations, number of fuel cell vehicles promoted 3200 a vehicle. According to the plan, by 2025 At the end of the year, the entire Guangdong demonstration urban agglomeration will promote over 1 Ten thousand hydrogen fuel cell vehicles, with more than 200 seat. For major application scenarios, considering that hydrogen fuel cell vehicles have some special advantages, including long-range capability, temperature sensitivity, and refueling speed, overall scenario requirements suggest that downstream industries with demand for long-range capability, those unable to use lithium batteries in low-temperature conditions, and those requiring fast refueling times should be considered.   Overall, the main applications of hydrogen fuel cell vehicles nationwide include: vehicles in special scenarios such as ports and mining areas, municipal sanitation vehicles in cities, as well as long-distance commuting, freight, and cold chain logistics vehicles. As for acceptance, the key influencing factor is the upstream hydrogen supply.   Whether the supply of hydrogen can meet the downstream demand is an important aspect of the development of the entire industry.   In Guangdong Province, hydrogen is in short supply for fuel cell vehicles. Therefore, the entire province is now focusing on promoting the construction of a hydrogen supply chain system.   In addition, another important influencing factor is cost. Currently, hydrogen fuel cells are not very competitive in terms of cost in the market during their initial industrialization phase. However, with the continuous advancement of demonstration applications and future industrial scale-up, costs will further decrease.   We believe that the overall hydrogen energy industry chain will gradually mature. Coupled with technological iteration and cost reduction, hydrogen energy has great market competitiveness and potential in the future.   Q Sun Cheng, Content Director of Titanium Media East China: The overall penetration rate of hydrogen fuel cell vehicles / What is the current promotion status? What is the outlook for its future development?   Currently, hydrogen fuel cell vehicles are still in the market cultivation phase, with various market indicators at a relatively low level. There is tremendous growth potential ahead.   2021 In [year], the number of hydrogen fuel cell vehicles in China was less than 1 Ten thousand vehicles. Driven by strong policies, coupled with breakthroughs in industrial technology and continuous improvement of hydrogen infrastructure, it is expected that by 2026 In [year], the sales volume of hydrogen fuel cell vehicles in China will reach nearly 10 10,000 units, 2030 The annual sales volume will reach 40 10,000 units, 2022 Year to 2026 The annual compound growth rate for the year is about 108% , 2027 Year to 2030 The year can still maintain over 40% The annual compound growth rate. Meanwhile, the inventory of hydrogen fuel cell vehicles in China is expected to be 2025 Year-on-year breakthrough 10 10,000 units, by 2030 Further breakthroughs in 2021 100 10,000 units. In terms of vehicle models, hydrogen fuel cell vehicles currently on the market are mainly commercial vehicles, including heavy trucks, light trucks, logistics vehicles, buses, etc.   Compared to traditional fuel vehicles and electric vehicles, hydrogen fuel cell vehicles have the advantages of zero emissions, high payload capacity, long range, and fast refueling. With large-scale production and cost reduction, the application scenarios will further expand.   3 Hydrogen energy plans continue to be implemented. Hydrogen energy storage may become another blockbuster application With the development of hydrogen fuel cell vehicles, other applications related to hydrogen energy are gradually attracting market attention, such as hydrogen energy storage. Hydrogen energy storage technology utilizes electricity - hydrogen - It has developed based on the interconversion of electricity. By electrolyzing water to produce hydrogen, it converts electrical energy from renewable sources into hydrogen energy for storage, aiming to achieve energy distribution, optimization, and integration. It has advantages such as cross-seasonal, cross-regional capabilities, rapid response, and large-scale storage. Q Sun Cheng, Content Director of Titanium Media East China: Based on the information held by the association, what is the current development status of hydrogen energy storage in Shenzhen or other regions? Are there any related demonstration projects? In addition, what are the association's plans or support for the hydrogen energy storage field?   Hydrogen energy storage is definitely an important development direction for hydrogen energy in the future. For this large amount of stored energy, hydrogen energy storage will be more used for cross-regional and cross-temporal storage of renewable energy. Guangdong is a major electricity-consuming province, and many enterprises have already started to gradually develop technologies in this field. However, the application of hydrogen energy storage is not yet mature and requires further development. For example, in the planning of urban demonstration clusters, Yangjiang City is included to promote the development of offshore wind power in Yangjiang, thereby using excess power that cannot be consumed locally for preliminary demonstration projects of hydrogen energy storage. Another example is Foshan City, which has already begun using hydrogen energy in residential buildings, such as fixed hydrogen energy storage power generation and cogeneration demonstration projects. Nationally, Shandong has the initiative 'Hydrogen into Ten Thousand Homes,' and the three northeastern provinces have carried out many large-scale renewable energy storage projects involving wind, solar, and hydrogen energy storage. The above are currently the larger-scale or more mature projects in progress. From the perspective of enterprises, for instance, in Shenzhen, Hydrogen Blue Era or Chaozhou Third Ring has made arrangements for the development of stationary power generation fuel cell systems and related products. In the future, hydrogen energy storage will have a very good downstream consumption direction. From the perspective of the association, we are actively engaging with other industry organizations and regions for exchanges and cooperation. At the same time, we have also established good connections and communications with some regional governments and places where renewable energy such as wind, light, and water is relatively abundant.   We hope to combine our advantageous products with local renewable energy resources to form cross-regional industrial chain cooperation.   These are areas that the association hopes to further promote in the future, namely, collaborative cooperation between upstream and downstream industries. Q Sun Cheng, Content Director of Titanium Media East China: From the company's perspective, how does it view hydrogen energy storage and its operational model? What specific role does it play in further promoting the development of the hydrogen fuel cell industry? this year 3 In the month, the National Energy Administration announced its hydrogen energy development plan, which for the first time clarified the attribute of hydrogen as an energy source. According to the requirements of 'carbon peak' and 'carbon neutrality', hydrogen and electricity are the core and most important energy sources in the future consumer sector. Global forecasts suggest that the EU believes that by 2050 Hydrogen energy will account for 24% , the United States will reach 18% ,   We predict that 2050 In China, it will reach about 10% Regardless of the final proportion, it is equivalent to the current proportion of oil in global energy consumption. From the perspective of enterprises, we just mentioned two dimensions: cross-seasonality and cross-regionality. Why is there cross-seasonality? Take hydropower as an example; there is a seasonal mismatch in energy supply and demand for hydropower, and hydrogen energy storage technology can improve or even change the nature of this problem. For instance, using some caves or pits for large-scale hydrogen storage, during the summer when floods come, hydrogen can be produced by electrolyzing water and stored. When the dry winter season arrives, it can supply hydrogen, thus solving such problems in the long run.   Large-scale hydroelectric matching applications are the medium- to long-term goal for the future. In addition to cross-seasonality, there is also cross-regionality. China's energy sources, whether in the form of minerals, coal, or electricity, are mainly located in the northwest region, while the usage centers are on the southeast coast. Currently, our storage technology is primarily gaseous, but in the next three to five years, liquid hydrogen storage technology will be further innovated to promote cost reductions.   Whether it is the long-distance transportation of liquid hydrogen through pipelines or the less costly method of shipping hydrogen to the southeast coast by sea, these methods will surely be promoted in the future. Cross-regional energy storage has many demonstration scenarios in the power, industrial, transportation, and construction sectors. For example, the hydrogen blue plant in Shenzhen Bay, also known as the Western Hydrogen Energy Demonstration Post, is dedicated to the integrated construction of hydrogen production, storage, and refueling. After completion, it will adjust peak and off-peak usage by taking advantage of the growing price difference between peak and off-peak electricity. For instance, hydrogen can be produced at night using off-peak electricity for use during the peak hours the next day. In regions like Xinjiang and Inner Mongolia, which are extremely rich in wind and solar resources, the electricity generated can be converted into hydrogen. On one hand, hydrogen can be used in the local transportation sector as a fuel alternative to crude oil, including heavy trucks and other vehicles used in logistics transportation. On the other hand, it can also meet the needs of wind, solar, and peak shaving.   Q Sun Cheng, Content Director of Titanium Media East China: Compared to current different energy storage technologies, what are the characteristics of hydrogen energy storage? What are the main advantages of hydrogen energy storage? According to different forms of energy, energy storage can be divided into: 1) Electric energy storage, which includes mechanical energy storage, electrochemical energy storage, and electromagnetic energy storage; 2 Thermal energy storage can be understood as using thermal storage materials as a medium to store solar photothermal, geothermal, and industrial waste heat, which is then released when needed; and 3 Hydrogen energy storage, which uses hydrogen as a medium or carrier, involves first producing hydrogen through electrolysis of water for storage. When needed, energy is released through a hydrogen fuel cell system. Both electric energy storage and thermal energy storage share common shortcomings, including short charging and discharging cycles, almost limited local use, capacity limitations, and being affected by seasons.   In comparison, hydrogen energy storage has several clear advantages. The first is new energy consumption management; storing unused electricity can reduce costs due to economies of scale, and it is zero-polluting. Hydrogen energy storage typically employs various methods such as long-tube trailers and pipeline hydrogen transportation, offering a more flexible storage and transportation approach without geographical limitations.   Hydrogen energy storage can be optimized independently in terms of power and energy, with the processes of electricity storage and generation proceeding simultaneously. In the future construction of large-scale energy storage stations, hydrogen energy storage has significant advantages and is expected to become an important means of grid peak shaving. 4 The industrial chain is taking initial shape, and the urban cluster effect is evident. In addition to the application of hydrogen energy, the layout of hydrogen energy industry clusters has also attracted much attention. Currently, hydrogen energy development in China is in the stage of industrial introduction, and applications in various fields are experiencing ' 0 reach 1 During the breakthrough period, various regions have successively released plans for hydrogen energy development and related applications, and the number of companies participating in the hydrogen energy sector has also been rapidly increasing. Q Sun Cheng, Content Director of Titanium Media East China: What is the current and future industrial base layout of HydroBlue Technology in China? What role do these layouts play in the construction of local hydrogen energy industry clusters? Hydroblue Self 2018 Since its establishment in 2019, centered on Shenzhen and deeply involved in the Greater Bay Area, HyBlue has played a very important role in promoting hydrogen energy development industry planning, application scenario implementation, and the construction of the hydrogen supply chain. With the support of the Shenzhen Municipal Government, we are building a headquarters base R&D center, testing center, and some production bases in Shenzhen. At the same time, we are deploying power stack production bases in Guangzhou within the Greater Bay Area, considering deploying hydrogen fuel cell systems in Dongguan, and collaborating with upstream and downstream partners such as vehicle manufacturers in Zhongshan.   Therefore, Hydrogen Blue is a leading enterprise within the Greater Bay Area industrial cluster, dedicated to collaborating with upstream and downstream industries to leverage the advantages of hydrogen fuel cells.   At the same time, with Shanghai as the core base for radiating the Yangtze River Delta region, some of the R&D and production bases for emerging businesses have moved into the Shanghai Hydrogen Energy International Intelligent Industrial Park. Additionally, we have layouts in Beijing, Handan, Hebei, and Henan. At present, Hydrogen Blue is more focused on electricity - hydrogen and hydrogen - Electricity, combined with China's energy characteristics, the energy storage sector is defined as an emerging market. This year 5 In a certain month, HydroBlue signed a strategic cooperation agreement on the potential for joint hydrogen energy development with a state-owned enterprise in Shenzhen and the Xinjiang Autonomous Region government. Subsequently, it gradually expanded its efforts in Inner Mongolia, Jinzhou in Liaoning Province, and other regions, making early arrangements in emerging markets by combining local characteristics.   I often assist cities that are not part of the demonstration city cluster in developing new energy industry plans, prioritizing planning over implementation. I hope that these emerging markets 2 - 3 After the Spring Festival, it became a demonstration city and gradually brought the development of hydrogen energy across the country onto an accelerated track. In addition to the domestic market, HydroBlue also looks towards foreign markets. On one hand, it learns from the advanced European and American markets, as well as Japan and South Korea, drawing on their experiences. At the same time, we are confident that following the development trends of these two years, HydroBlue will soon reach a leading level. On the other hand, HydroBlue has also developed rapidly in some developed markets such as Southeast Asia and Africa, and is considering entering emerging markets like the Middle East and West Asia.   Q Sun Cheng, Content Director of Titanium Media East China: What measures will the association take to continuously promote the establishment and penetration of hydrogen energy local industrial clusters? According to the association's statistics, there are now more than 120 Enterprises related to the upstream and downstream of the home industry chain are deploying in the fuel cell sector, among which more than 40% We conduct business in the fuel cell system, battery stack, and related materials sector. 30% The company operates in the fields related to hydrogen production, storage, and transportation.   Our association first focuses on Shenzhen, integrating resources from upstream and downstream of the industrial chain to further enhance interaction among enterprises.   Regionally, in Guangdong Province, we have relatively close cooperative relationships with cities such as Foshan, Guangzhou, and Zhongshan, especially this year 10 In the month of [date], we conducted strategic cooperation intentions communication with Zhongshan Cuiheng New Area, which will facilitate the establishment of a hydrogen energy industry alliance for Zhongshan. Nationwide, we also have relatively close cooperation with cities such as Shanghai, Beijing, Sichuan, and Dalian. Additionally, at the national level, the China Hydrogen Energy Alliance holds monthly consultations to facilitate information exchange within the industrial chain and further promote regional cooperation.   I believe that whether it is from the perspective of the industrial chain or region, our association hopes to continue to play a catalytic role in the construction and exchange of these platforms as always. Q Sun Cheng, Content Director of Titanium Media East China: Looking at the current development status of the hydrogen energy industry, what are the main development characteristics and trends of hydrogen energy industrial clusters across the country? 2020 In [year], five ministries and commissions jointly issued the 'Notice on Carrying Out Demonstration Applications of Fuel Cell Vehicles', initiating the demonstration application promotion of fuel cell vehicle urban clusters across the country for the hydrogen energy industry cluster. The main characteristics of the hydrogen energy industry's industrial clusters include: 1 Urban hydrogen energy development exhibits a clear spatial agglomeration effect, mainly concentrated in the Yangtze River Delta urban cluster, Beijing-Tianjin-Hebei urban cluster, Guangdong-Hong Kong-Macao Greater Bay Area, and the middle reaches of the Yangtze River; hydrogen energy industrial clusters in Henan and Hebei will also gradually take shape, radiating to surrounding provinces. ; 2) Each city has its own advantages in different dimensions of hydrogen energy development. By coordinating and collaborating within and between urban clusters, complementary strengths can be realized to promote the common development of industries.   Urban clusters are the result of policy promotion and an important step towards the industrialization, commercialization, and ultimately market-oriented operation of the hydrogen energy industry. China's future hydrogen energy industry clusters will pay more attention to a global perspective and international standards, building a full-linkage, three-dimensional hydrogen energy industry architecture.   5 The industry has begun to show initial results, In the future, it will move towards diversified and three-dimensional development. Sun Cheng, Content Director of Titanium Media East China: Regarding the supporting infrastructure for hydrogen energy, what challenges and countermeasures will there be in the construction and operation of hydrogen refueling stations in the future?   The construction of hydrogen stations involves the approval of relevant competent authorities, so there are indeed some difficulties in terms of policy formulation and related support.   Currently, it is quite difficult to find the relevant authorities during the construction of many hydrogen refueling stations. However, in regions like Shanghai and Foshan, which are leading in hydrogen energy development in China, the relevant governments have taken the lead in introducing management measures for the construction and operation of hydrogen refueling stations. Based on the experience of these cities, Shenzhen in Guangdong Province will also gradually issue corresponding support policies.   In addition to the approval process, hydrogen stations still face difficulties in cost control in the future.   Because cost means how to make hydrogen fuel vehicles as economical as, or even cheaper than, conventional fuel vehicles. This pressure actually falls on the operation of hydrogen refueling stations, including the price of upstream hydrogen and the costs of storage and transportation. Q Sun Cheng, Content Director of Titanium Media East China: Regarding the technical R&D direction of hydrogen energy, what are the current achievements of HydroBlue Technology in this area? What are the key areas that deserve attention and breakthroughs in the future? Since its establishment, HydroBlue has been adhering to a proactive R&D strategy. This proactive R&D strategy means that the proportion of R&D personnel in a startup always exceeds 50% Currently, the company has formed a series of products in the automotive sector through four years of continuous R&D investment. Starting this year, it has further delved into fields such as power, shipbuilding, and unmanned aerial vehicles, forming a layout covering sea, land, and air.   As a company focusing on systems and stacks in the fuel cell and hydrogen energy industries, on one hand, we continue to increase investment in research and development, adhering to T Formulate development strategies, deeply explore core technologies and independent innovation vertically, expand products horizontally, and enhance customer experience. In addition, regarding the issue of costs, I think it mainly comes from 2 Solve at each level.   The first is the localization substitution, from upstream materials to core components in the middle, and then to the final system for localization replacement. The second is large-scale production; any industry can only see cost reductions when there is a certain level of mass production.   Of course, we also hope that the government can play a greater role in the overall supply chain system, including hydrogen refueling stations, hydrogen production processes, and infrastructure construction, providing more policy support. After the establishment of the overall supply chain system, by matching excellent technologies to produce high-quality products, coupled with extensive promotion of application scenarios, the dual carbon and hydrogen energy strategies can truly be realized faster and better. Q Sun Cheng, Content Director of Titanium Media East China: In terms of industry commercialization and promotion, what challenges do you think we will still face? How should the entire industry work together to face these challenges and promote the future development of the industry? Driven by strong national policies and continuous efforts from enterprises within the industry, the development of hydrogen energy in China has begun to show initial results. However, the industry still has a long way to go.   The commercial implementation of the hydrogen energy industry cannot be determined by a single link; it requires the joint progress of the entire hydrogen production, storage, transportation, and utilization chain to achieve.   Of course, the hydrogen sector has made tremendous progress in the fuel cell and fuel cell vehicle industry, but we have also noticed that some challenges in other processes are being continuously overcome. For example, most existing hydrogen production technologies rely on primary fossil fuels such as coal to produce 'grey hydrogen' (global hydrogen production 90% As mentioned above, economic and environmental issues remain prominent. The global development trend of hydrogen production is shifting from 'grey hydrogen' to 'blue hydrogen' (produced by steam methane reforming or self-heating steam reforming of natural gas, combined with carbon capture, storage, and utilization technologies, which also emit greenhouse gases but are controllable) and 'green hydrogen' (hydrogen produced from renewable energy). In terms of green hydrogen, the use of renewable energy such as solar or wind power... The production of hydrogen from renewable energy still faces issues such as low efficiency and high comprehensive costs. The 'greening' of hydrogen is an industry challenge and a direction for future corporate efforts.   Additionally, in the hydrogen utilization sector, the current ownership of fuel cell vehicles is still at a decreasing level. There is hope for a surge in the future, but in the initial phase, due to significant R&D investment and capacity planning, there has been less volume increase, resulting in continuous losses. This is the main challenge faced by companies within the industry at present.   Of course, the government is continuously providing various industrial policy supports, including tax and subsidy measures. In the future, scaling up is expected to reduce costs, similar to the development of the electric vehicle industry today. As hydrogen energy is positioned as a national strategic direction, a series of supportive policies will continue to be introduced to promote the industry's development. There will also be more capital flowing in, accelerating R&D, production, and commercialization of upstream and downstream enterprises in the industrial chain. In the future 5 - 10 Great changes can be seen in just one year.   Fuel cell vehicles will continue to be the largest carrier of hydrogen energy at the end-user level in the future.   However, more diversified scenarios will emerge, including mobile rail transit, ships, or fixed power generation and hydrogen energy storage. Fuel cell stack and battery system companies will gradually shift from the transportation application field to becoming fuel cell equipment manufacturers and solution providers.   In the future, with continuous technological upgrades, the rise of domestic substitution, the integration of leading enterprises' industrial chains, and the refined division of labor in the industry, market diversification and three-dimensional development will be further promoted.   👉 Click "Read the Original Text" at the end of the article to watch the live broadcast replay.

Recently, four COVID-19 vaccine products have been approved for emergency use. The companies involved are Wantai Biotech and Sinopharm Celltech. -U wait. mRNA Vaccines are the mainstream technology route for COVID-19 vaccines approved for marketing abroad. In terms of research and development progress, companies such as Watson Biotech, CanSino Biologics, and Shijiazhuang Pharmaceutical Group are ahead in product development. The reporter noticed that Fosun Pharma has been BioNTech introduced mRNA The COVID-19 vaccine 'Fubaitai' has been approved for marketing in Hong Kong, Macao and Taiwan regions.   How do you view the prospects of domestic COVID-19 vaccines? Which technical route holds more promise for development?    There are no domestic products yet mRNA The launch of COVID-19 vaccines, and how it is viewed as businesses compete for technological layout mRNA Vaccine? What is the outlook for domestic COVID-19 vaccines going global?     Frost & Sullivan Frost & Sullivan Li Qian, Senior Consulting Director for Healthcare in Greater China at Frost & Sullivan (hereinafter referred to as 'Frost & Sullivan'), was interviewed    "Cainiao News Agency"    An interview was held to discuss the domestic COVID-19 vaccine industry. Cailian Finance & Economics News Agency Q Cainiao News Agency Reporter: Currently, there are four technical routes for COVID-19 vaccines in China. There are more companies whose products have been approved for market release or are under development. Some believe that the space for COVID-19 vaccines is limited, with the main focus on booster shots and the fourth dose in the future. What is your view on the prospects of domestic COVID-19 vaccines? The protection after COVID-19 vaccination declines over time, and booster shots are needed. In addition, continuous mutation of the COVID-19 virus strains can lead to immune evasion, requiring additional immunization against variant strains. In the future, it is also possible that COVID-19 vaccines become similar to influenza vaccines, becoming a requirement for annual vaccination.   Therefore, booster shots, the fourth dose, and routine vaccination are the main potential areas for COVID-19 vaccines in the future. Recently, the vaccination work against COVID-19 in China has accelerated once again, which also confirms the aforementioned market growth points: 11 month 17 On the same day, Shen Hongbing, deputy director of the National Disease Control and Prevention Administration, stated at a press conference that relevant departments are formulating plans to accelerate the vaccination against the novel coronavirus. 11 month 29 On the same day, the 'Work Plan for Strengthening COVID-19 Vaccination among the Elderly' was issued. The notice proposes to accelerate the increase in the vaccination rate of the elderly with the COVID-19 vaccine and shorten the time interval between booster shots for the elderly from six months to three months. Cainiao News Agency Reporter: Which technology route do you see has a brighter development prospect? Currently, most existing COVID-19 vaccines only provide immunity against a single strain.   Therefore, multivalent vaccines that can prevent multiple variants of the novel coronavirus deserve attention.   In addition, considering the gradual implementation of booster shots and the fourth dose, multiple injections can be burdensome for populations. The introduction of new administration methods for COVID-19 vaccines is also quite promising. For example, inhalable COVID-19 vaccines can be administered by mouth, with an inhalation dose about one-fifth that of the intramuscular dose, thereby improving vaccination compliance. Q Cailian News Agency Reporter: There are no domestic products in our country mRNA With the launch of COVID-19 vaccines, how do you view companies competing to make technological arrangements? mRNA Vaccine? mRNA As a brand-new technical approach, vaccines have the advantages of safety, high protection rates, rapid production, economy, and large-scale manufacturing. They have been approved for marketing. mRNA Vaccines have also been creating business legends globally.   Domestic enterprises are mostly located in 2019 Established around the New Year, it has a short development history and may not have as much technical reserve in the short term as it did more than a decade ago. Moderna and BioNTech , but layout mRNA Vaccines are actually also an entry point mRNA An important step in the emerging field of therapies, with time, I believe domestic companies mRNA Great progress has been made in the field of therapies. Q Cainiao News Agency Reporter: What is the outlook for domestic COVID-19 vaccines going global? The global coverage rate of COVID-19 vaccines is not uniform, and vaccination in low-income countries and regions may be the main battlefield for domestic COVID-19 vaccines to go global. According to Our World in Data Statistical data, as of 2022 year 12 month 8 On the same day, although the vaccination rate of COVID-19 vaccines in developed countries has tended to saturate, only 24.9% People in low-income countries have received at least one dose of the COVID-19 vaccine. In addition, considering the demand for booster shots, fourth doses, and routine vaccination, the prospects for domestic COVID-19 vaccines going global are very promising.   * This interview was published in "Cainiao Communications". APP Reporter Wang Junxian, original title:    "Thousand sails" competition! There is still a suspense regarding the domestic COVID-19 vaccine to be resolved. | Industry Observation    >>    (Click 'Read the Original Article' at the end of the text to read the full report).

//   2022 year 12 month 12 In the afternoon, Frost & Sullivan Frost & Sullivan Frost & Sullivan, referred to below as 'Frost & Sullivan', and Shanghai Fudan Fuhua Technology Co., Ltd. (hereinafter referred to as 'Fudan Fuhua') held a strategic cooperation negotiation meeting and signing ceremony at the headquarters of Fudan Fuhua. Dr. Wang Xin, Global Partner and President of Frost & Sullivan Greater China, and Chu Jianping, Secretary of the Party Committee and Chairman of Fudan Fuhua, witnessed the signing and delivered a speech. Frost & Sullivan Greater China Partner and LeadLeo CEO Yang Xiaocheng Zhou Chi Hao, a member of the Party Committee, Deputy General Manager, and Financial Director of Fudan Fuhua, signed the strategic cooperation agreement on behalf of both parties. At the meeting, Wang Chenhui, Managing Partner and Executive Vice President of Frost & Sullivan Greater China, and Shen Min, Member of the Party Committee and Secretary to the Board of Directors of Fudan Fuhua, respectively introduced the specific situations of both companies. The two sides engaged in active and in-depth exchanges on this cooperation. The meeting was chaired by Zhuang Yue, Deputy Secretary of the Party Committee and Deputy General Manager of Fudan Fuhua.   According to the agreement, both parties will go forward with comprehensive empowerment of listed companies for high-quality development in the future, and engage in in-depth cooperation in multiple areas such as regional industrial development, investment promotion, and capital operation. Conference venue   Chu Jianping, Secretary of the Party Committee and Chairman of Fudan Fuhua, fully affirmed Frost & Sullivan's leading position in providing professional services to global capital markets, its global perspective, and its extensive industry influence.    He said that Fudan Fuhua is at a critical transformational stage as it embarks on a new journey and sets out anew, Frost & Sullivan 60 Over the years, it has provided comprehensive services such as full life cycle investment and financing services, growth consulting services to a large number of enterprises at home and abroad. It deeply understands market development laws and possesses rich industrial ecosystem resources, making it an excellent partner that Fudan Fuhua urgently needs.   Chu Jianping pointed out that he hopes that in the future, Fudan Fuhua, in collaboration with Frost & Sullivan and LeadLeo, can carry out cooperation in the following areas:     Firstly, at the strategic level, we focus on consulting, enhancement, and planning around the value growth of Fudan Fuhua.   It is mainly considered from three dimensions. First, From an industry perspective, study the development path of a company's main business segments, such as how the pharmaceutical segment has achieved raw materials - The path to the integrated formulation goal; Second, From the perspective of the company's location, consider how to better integrate into the industrial development layout of Fengxian District. Biomedicine is one of the core research areas of Frost & Sullivan, and it should be deeply involved in Fengxian to help Fudan Fuhua better integrate into regional development and contribute to the higher-quality development of Fengxian's economy. Third, Starting from the foundation of Fudan Fuhua itself, we aim to leverage the strength of Frost & Sullivan and LeadLeo to help enterprises further optimize their business layout and accelerate development.   Secondly, in terms of industrial empowerment, we assist enterprises in identifying the right focal points for investment and capital operation.   Fudan Fuhua has established a Strategic Investment Department and built a professional team and investment platform. It is very much looking forward to having excellent partners to jointly expand related fields. Intermediary institutions are the experiencers of the industry, perceivers of industrial temperature, and collectors of future information. It is hoped that Frost & Sullivan and LeadLeo can recommend outstanding project targets around the company's main business sectors such as biomedicine and digital economy, helping Fudan Fuhua fully leverage the capital operation platform of a listed company to better empower industrial development. At the same time, it is hoped that through cooperation with Fudan Fuhua, it can assist Frost & Sullivan in becoming a leader in an increasingly internationalized and diversified industry.   Thirdly, in terms of investment promotion, strengthen business collaboration to achieve win-win cooperation.   Fudan Fuhua has a park area, and Fengxian also boasts attractive industrial policies and development space. Fudan Fuhua hopes to strengthen business collaboration with Frost & Sullivan and LeadLeo, attracting high-quality enterprises and talents through various forms and channels to find suitable soil for their own development. Together, they aim to promote the economic development of related industries in Fengxian District and strive for win-win outcomes for all parties. Party Secretary and Chairman of Fudan Fuhua Chu Jianping   Dr. Wang Xin, Global Partner at Frost & Sullivan and President of the Greater China Region, stated that Fudan Fuhua is the first listed company among national universities, possessing a strong genetic background in scientific research and innovation. Relying on its university strengths, it has taken the lead and set an example in exploring and practicing the development of high-tech and industrialization, especially in the construction of technology industry systems such as biomedicine, digital economy, and high-tech parks.   Frost & Sullivan' 61 Over the past year, we have been deeply involved in global capital markets and corporate consulting services. By providing precise market promotion services, public offering assistance, one-stop full-cycle investor relations management, and comprehensive investment and financing services, we have helped outstanding listed companies like Fudan Fuhua firmly occupy benchmark positions in growth, innovation, and leadership within their industries. This signing is conducive to further aggregating innovative resources between both parties and empowering the technology industry in all aspects; it is not only a milestone for deepening cooperation but also sets a good foundation for both parties to jointly promote technological innovation and entrepreneurship and serve economic and social development.     Dr. Wang Xin looked ahead and said that in the future, Frost & Sullivan will cooperate with Fudan Fuhua Jingcheng for mutual benefit and progress.   Frost & Sullivan will continue to provide Fudan Fuhua with various professional strategic planning, management consulting, value discovery, and communication services. These services are aimed at fully supporting Fudan Fuhua in achieving high-quality and sustainable development over a longer period, and facilitating leapfrog new growth.   In addition, Dr. Wang Xin also pointed out in his speech that there is significant potential for cooperation in capital operation between the two sides.   He went into detail on the 'Omni-Channel Investment Management' concept proposed by Frost & Sullivan. TIM , Total Investment Management "The new concepts and models are innovative, and Frost & Sullivan will collaborate with LeadLeo in the future to leverage its resource strengths to comprehensively empower the business development of Fudan Fuhua across the entire chain and lifecycle. This includes deep cooperation at the fund level, project target level, resource integration level, and more." Global Partner and President, Greater China at Frost & Sullivan Dr. Wang Xin Wang Chenhui, Managing Partner and Executive Vice President of Frost & Sullivan Greater China, introduced the services provided by Frost & Sullivan to listed companies from three aspects: the strategic significance of value communication for corporate development, key areas of investor relations work for listed companies, and how Frost & Sullivan and LeadLeo empower the investor relations work of listed companies. Managing Partner and Executive Vice President, Greater China, Frost & Sullivan Wang Chenhui 1 The strategic significance of value communication for enterprise development   Crossing the cognitive value gap can eliminate perceptual biases and create a better external environment for corporate development to a greater extent, including the capital environment, industrial environment, and even broader social environment. In this context, whether effective dissemination of corporate values can be achieved plays a key role in the strategic development of enterprises. In short, the value of an enterprise lies not only in the amount of products and wealth created but also in the degree of its perceived bias and cognitive level in relation to the external environment. For enterprises, in order to achieve the dissemination of listed company value, actively and continuously implanting the core values of the enterprise into investors' minds and shaping their future expectations and trust relationships are important parts of the investor relations work for every listed company. On the other hand, for investors, through the cultivation of corporate investor relations work, they can obtain the most comprehensive and fresh updates about the company, and receive timely responses to questions related to the industry and the company, thereby making judgments about corporate value based on their own research methods. Due to the scarcity of 'capital' resources, the competition for capital determines that enterprises must attach great importance to and effectively carry out value communication. This work requires establishing a long-term, stable, and mutually trusting communication relationship between the enterprise and the capital market, rather than a short-term, utilitarian behavior. In other words, the strategic significance of value communication is not merely about enabling an enterprise to have competitive advantages in individual capital operation events, but about cultivating a sustainable competitive advantage for the enterprise.   2 Key Points of Investor Relations Work for Listed Companies ·            Demonstrate the corporate image The value of a company is usually reflected in quantitative forms, such as the valuation of non-listed companies and the market capitalization of listed companies. The manifestation of quantitative value is rooted in the past and present of the company. Therefore, to reflect the company's position in the industry and its competitive advantages over competitors, that is, the competitive barriers built by the company at various levels such as team, product, service, channel, technology, and ecosystem, the company needs to show investors the efforts it has made in the past and the current achievements that have resulted from them. Summarizing these efforts, a complete and three-dimensional corporate image is formed. ·            Proactively enhance influence At the public level, corporate investor relations often involve disclosing performance reports at specified time points, public relations teams disseminating relevant content, corporate executives communicating information to analysts and media via teleconferences, as well as discussions and Q&A about company-related information on online platforms or stock forums. This enables the dissemination of financial data and business progress related to listed companies to investors and the general public. However, proactively and actively engaging in measures to convey a company's competitiveness and strengths to the capital market, as well as reaching out more precisely to potential investors who are interested in the company itself and related sectors, will help enterprises deepen their understanding of the companies among investors and gain an edge in the market.   ·            The capital market continues to make its voice heard In addition to taking the initiative, persistence and prominence are equally crucial. The communication mechanism established by enterprises with the market in investor relations work is not achieved overnight; event-driven dissemination based on a single incident at a particular point in time is difficult to cultivate sustainable competitive advantages. Therefore, if an enterprise wishes to establish a benchmark position in the industry, it needs to communicate its value through a rhythmic, high-profile emphasis, from various aspects and through various channels, thereby deeply and firmly implanting the enterprise value into investors' hearts. 3 Empowering Investor Relations at Listed Companies with Frost & Sullivan and LeadLeo In response to the core pain points and needs in uncovering the value of listed companies, Frost & Sullivan and LeadLeo provide value discovery and precise communication solutions for enterprises by coordinating with the content forms and distribution channels that institutional and individual investors pay attention to. This aims to enhance individual stock attention in the secondary market, expand corporate influence, shape investors' positive expectations for the company's future, and maximize corporate value in investors' minds.   The empowerment of Frost & Sullivan and LeadLeo for listed company investor relations will be achieved through value discovery and precise communication. In terms of value discovery, relying on extensive and comprehensive research information, combined with Frost & Sullivan 60 The basic research methodology that has been continuously iterated and updated over the years, along with the LeadLeo Research Institute 4 The profound accumulation of a complete industrial research landscape painstakingly built over the past year, along with analysts' continuous tracking and in-depth understanding of the company's business and industry tracks, has assisted enterprises in sorting out their core values and selecting the most suitable sub-tracks for advantageous positioning. In addition, Frost & Sullivan and LeadLeo also base themselves on the present, look towards the future, use data models and growth logic to demonstrate the space and prospects for tracks and businesses in the future, manage investors' views and expectations, and establish an objective understanding. In terms of precise communication, Frost & Sullivan and LeadLeo combine the current development stage of enterprises, based on short-term, medium-term, and long-term business development goals, requirements, and critical time nodes. They introduce different value delivery forms, including corporate research reports, in-depth analysis articles, one infographic for understanding, online roadshows, offline surveys, industry status certifications, etc. They plan and customize value communication plans for a certain period to assist enterprises in conveying their corporate values to different audiences through various forms and carriers. According to the tracked user profile statistics, nearly 70% of the audiences reached by Frost & Sullivan and LeadLeo are investment institutions in the primary and secondary markets, including public offerings, private placements, PE , VC As well as various institutions and professional readers with research and analytical attributes. In addition, Frost & Sullivan and LeadLeo have also established partnerships with China's top financial terminals, research report platforms, roadshow platforms, financial and industry media, etc., which are committed to jointly empowering the dissemination of corporate value. This enables high-quality original content to reach end-users precisely.   Wang Chenhui said that Frost & Sullivan and LeadLeo will customize the solution based on the actual development of Fudan Fuhua's enterprise and future goals. PR and IR In terms of services, both parties will take this cooperation as a starting point. Based on the same values, they will strengthen exchanges and linkages to achieve win-win cooperation.   The strong alliance between Frost & Sullivan and Fudan Fuhua will inject new momentum and vitality into the next phase of development for both parties, and it will also add a crucial element to the upgrade and improvement of the 'Full-Service Investment Management' ecosystem. In the future, Frost & Sullivan will join hands with Fudan Fuhua and more outstanding partners to endow corporate capital operations with long-term value through professional knowledge, provide innovative energy for industry transformation and upgrading, and offer high-quality services for national economic development.

2022 year 12 month 23 day after tomorrow 12 month 25 day, NAFI2022 Nanjing International Art Fair (hereinafter referred to as ' NAFI2022 "( ) will be held at Nanjing International Exhibition Center A , B The museum is open for admission.   The current Nanjing International Art Expo is organized by the Publicity Department of the Nanjing Municipal Committee of the Communist Party of China and the Nanjing Municipal Bureau of Culture and Tourism, and undertaken by the Nanjing Cultural Investment Holding Group and Shizhu Studio Art Group. The Nanjing Jinling Cultural Protection and Development Foundation is a cultural public welfare cooperation platform, with Nanjing Shizhu Studio Culture Investment Co., Ltd. as the executing party. As a highly influential imaging art platform in the Yangtze River Delta region, NAFI since 2019 Since its inception, the company has always adhered to the mission of 'upholding quality, benefiting the people, and empowering cities', striving to create urban cultural themes. IP address Build a professional art exchange platform. As a globally renowned growth consulting firm, Frost & Sullivan Frost & Sullivan Frost & Sullivan, hereinafter referred to as 'Frost & Sullivan'), has always been an observer, practitioner and pioneer of global art and cultural events. It is especially honoured to invite NAFI2022 Strategic partner.   experienced 2021 The brief parting of the year, the third NAFI Under the implementation of the purpose of 'upholding quality, benefiting the people, and empowering the city', the Nanjing International Art Expo returns in grand style. This session NAFI by NAFI · focus |Gallery Focus", NAFI · DISCOVERY |Wanxiang Exploring the New|, NAFI · ONSITE |Plastic Elephant Boundless", NAFI · PLATFORM |Cooperative Institution», NAFI · VOICE |Public Forum», NAFI · CONNECT | All City Arts | Multiple new sections, including 20 country 32 Outstanding institutions from home and abroad participated in the exhibition, presenting a variety of media creations.   Meet in the name of art in winter, NAFI2022 Looking forward to "seeing" infinite possibilities through images. Frost & Sullivan has always supported art activities that can make the world a better place, and is a global observer, practitioner, and pioneer of arts and cultural events. As NAFI2022 Partners who collaborate to create value, Frost & Sullivan looks forward to partnering with NAFI2022 Together, we aim to enable Nanjing citizens and even viewers nationwide to enjoy an ultimate aesthetic pleasure and lifestyle experience during the exhibition period.   Cases in the cultural and artistic field handled by Frost & Sullivan 01 Provide think tank support for art activities and collaborative arts practices   2020 year 11 In January, Frost & Sullivan was invited to become a strategic partner of the Nanjing International Art Expo, sharing its research findings on the global art market NAFI2020 Together with Nanjing Shizhuozhai Cultural Investment Co., Ltd., they have further internationalized and globalized the development of Nanjing's art and culture. 2022 year 5 In January, Frost & Sullivan was invited to become a founding member of the “ 10,000 One of the strategic partners of the 'Smile ” Ten Thousand People's Art Creation Campaign, we have launched a call to action, working together with “ 10,000 The 'Smile' performance art helps the public regain confidence and dreams, and restart a new life after the pandemic. 02 Help Chinese art financial service enterprises enhance their influence in the capital market   2016 In [year], Frost & Sullivan provided exclusive industry advisory services for China Art Finance Holdings Limited, the largest art pawn loan service provider in China and the largest purple clay art auction house in China, to go public in Hong Kong. Subsequently, based on research and analysis of the Chinese art financial services market, as well as studies and evaluations of related companies in the industry, Frost & Sullivan has successively awarded China Art Finance " 2017 Annual China Art Finance Services Market Excellence Leadership Award ”, Granted to Shizhu Studio “ 2019 Annual Frost & Sullivan China New Economy Excellence Growth Award&rddquo;. Frost & Sullivan' 2017 Annual Growth, Innovation and Leadership Summit   03 Provides investment and financing advisory services for a large number of entertainment industry enterprises and investment institutions   Since the Frost & Sullivan team began providing investment and financing advisory services to corporate leaders and their management teams, it has been deeply involved in the listing process of numerous entertainment industry companies. The team continuously delivers unique industry insights, helps clients explore market opportunities and investment highlights in niche segments, and provides comprehensive development strategies. For example, helping the rice straw bear film industry 2125.HK ), Ningmeng Film Industry 9857.HK ), Deying Holdings 2250.HK ), Cook Music NYSE:KUKE ), Fosun Tourism Culture 1992.HK ), Readplus Group （ 0772.HK (Frost & Sullivan) has successfully accessed the capital market. In addition to facilitating the connection of entrepreneurial projects with the capital market, Frost & Sullivan also assists a large number of investment institutions during pre-investment, investment, and post-investment stages. It provides insights into the entertainment industry and identifies companies within it, discovering the true value of target firms. In this process, Frost & Sullivan has witnessed the rapid development of China's cultural and artistic industries as well as many companies in the industry. Frost & Sullivan China New Economy Summit   04 Pay attention to the innovative technology development and application practices in the field of culture and art   Frost & Sullivan has a rich portfolio of research cases in emerging technologies and art culture, with in-depth coverage of digital art, metaverse, NFT , AR/VR The sectors of culture and tourism, as well as digital cultural creativity. Recently, the research findings released by Frost & Sullivan include 2022 China's 2023 VR/AR/MR Industry White Paper 2021 Research on the Digital Art Industry in China in 2023 2021 year NFT Industry Research》, etc. In addition, Frost & Sullivan is also 2022 year 9 The first New Investment Expo hosted by the platform introduced a metaverse scene entrance supported by Mo Shen, expanding new ways of online exhibition display. 2021 Global Cultural and Tourism Accommodation Industry Expo 05 Support the development of new consumer brands inheriting traditional Chinese culture   In the consumer goods sector, Frost & Sullivan continuously tracks and studies the changes in social culture and consumer lifestyles, dedicated to discovering and empowering outstanding new consumer brands that integrate traditional Chinese culture with modern consumption, providing them with investment, financing, and corporate consulting services. For example, it has conducted market research and evaluations on leading Chinese oolong tea brands such as Huaxiangyuan, an eight-hundred-year-old tea-making family, Shanghai Gujiu, a pioneer in the 'future-style' aesthetic expression of Chinese liquor, and others. 06 Supports the cultivation of future talents in the cultural and artistic industries   2022 In [year], Frost & Sullivan, in collaboration with Qizhu Space, Shanghai Luson Hotel Management Institute, and LeadLeo Research Institute, established the Shanghai Luson Hotel Management Institute Resort Industry Research Center. The center jointly studies market trends, development models, and innovative technologies of the global and Chinese resort industries, promoting sustainable development of China's resort industry. It formulates plans for industrial investment, operation, and development directions for investors, brands, and property owners in China's resort industry, and provides local basic research and investment direction reports on the resort industry for government departments and tourism investment groups. In addition, Frost & Sullivan has collaborated with the aforementioned entities to develop a series of practical courses on in-depth research into the resort hotel industry, providing students aspiring to become future talents in the cultural and artistic industries with a direct window into understanding industry trends and characteristics.   Frost & Sullivan's Planning and Layout of the Cultural and Artistic Field   1    Continuously providing investment and financing, as well as other professional consulting services, to enterprises in industries such as culture, entertainment, and art finance, and identifying and commending industry best practices.   2    Continuously track the technological and application development of digital art and digital collectibles, establish strategic cooperation relationships with national first-class museums, jointly release industry insight white papers, and provide technical support for building museums in the metaverse and their educational application scenarios.     3     Continue to cooperate with think tanks on global art and cultural tourism industry-related expos, summits, etc., publish more research reports focusing on industry practices, and promote the prosperous development of culture and art industries. In the future, Frost & Sullivan's team will collaborate with NAFI The team collaborates deeply, sharing their research findings on the global art market with each other, and jointly promotes the further internationalization and globalization of Nanjing's art and cultural development.

Development Prospect of China's Digital Healthcare and Related Industries Against the backdrop of global market nurturing and the catalysis of the COVID-19 pandemic, the Chinese biopharmaceutical and medical device industry market is facing new opportunities. Going global has become an inevitable path for China's biopharmaceutical and medical device industry. Under the new circumstances, how can diverse outbound empowerment services and digital solutions help enterprises set sail? 12 month 9 day BIPO The successful holding of the Life Sciences Industry Salon invited biopharmaceutical, medical device companies, and industry experts to share practical experiences and insights from their respective fields.   Frost & Sullivan Frost & Sullivan Mao Hua, Partner and Managing Director of Frost & Sullivan's Greater China Region, was invited to attend the event and delivered a speech on the prospects for the development of digital healthcare and related industries in China. China's healthcare ecosystem consists of the medical device system, medical service system, and medical insurance system.   Mao Hua said that there are currently local pain points in China's medical ecosystem, including uneven distribution of medical resources and poor traceability of drug and medical device circulation. There is also a lack of organic data interconnection between various components, making it difficult to support the coordinated and efficient operation of the entire medical system, as well as the purpose of supervising and serving the vast number of patients.   According to Mao Hua, the development of China's digital healthcare industry has gone through three stages: medical informatization, internet healthcare, and digital healthcare platforms. It has gradually evolved from addressing local pain points to solving systemic ones.   Medical informatization stage   The first step of migrating medical system records to digital documents has been completed, improving the operational efficiency of the healthcare service system. This phase mainly serves 2B Endpoints, but the informatization of each institution is relatively isolated.   Internet healthcare phase   It utilizes internet technology to connect information silos (such as pharmaceutical distribution and medical services), serving a wide range of 2C While further improving the operational efficiency of medical services, we also aim to increase patients' trust in pharmaceuticals / Accessibility to healthcare services.   since 2018 Since the launch of the annual digital healthcare platform,   Building on traditional internet healthcare, major competitors have extended their business modules around the entire digital health ecosystem, including digital health management, digital health infrastructure services, and digital health insurance. 2B and 2C Interconnection has achieved a one-stop solution for coordinated adjustment and improvement of all aspects of the medical ecosystem. "In recent years, China's healthcare industry has been continuously migrating towards digitization. However, compared to other industries, the current service delivery scenarios in the healthcare sector are still mainly offline, and the rate of digital migration is still at a low level. In the future, there is significant potential for healthcare digitization growth," said Mao Hua.   Data shows that in recent years 2C The terminal market has developed rapidly, with notable growth in digital diagnosis and treatment, as well as digital consumer healthcare sectors. 2021 In [year], digital healthcare in China 2C The market scale of the endpoint reaches 3,226 100 billion RMB, expected by 2025 The year will grow to 10,071 RMB 10 billion, with a compound annual growth rate of 32.9% ; Digital Healthcare in China 2B The market scale of the terminal reaches 1,148 100 billion RMB, expected by 2025 The year will grow to 5,560 RMB 10 billion, with a compound annual growth rate of 40.0% future 2B The terminal market growth rate will exceed 2C Among them, digital enterprise services and digital insurance have great growth potential.     "The 'top-down' development path is more suitable for the implementation of digital healthcare technologies and the sustainable development of the industry."    Mao Hua further explained that the so-called 'top-down' approach means that during an opportune period when technology is mature and feasible, the government implements supervision from the top level and issues incentive measures to standardize the scope of application, promote technological innovation and industrial upgrading, thereby shaping the development pattern and benefiting downstream consumers.   Mao Hua pointed out that, in the medical field, 2B Ends are an important direction for current digital development. C The endpoint service is built on B Based on end maturity, from B End-seeking breakthroughs will drive the continuous expansion of the digital healthcare market.   According to a study by Frost & Sullivan, B There are many pain points at the end-user level: From the regulatory perspective, government agencies lack sufficient data standardization, have low utilization rates, and insufficient emergency response capabilities. They also need to reduce waste in medical insurance expenditures and avoid over-medication; from the supply side, there is a need to improve the efficiency of doctors' diagnosis and treatment as well as research, while pharmaceutical and medical device companies face pressure to reduce costs and increase efficiency; from the payer's perspective, the sustainability of urban welfare insurance faces challenges, with high homogenization of commercial insurance products, lacking commercial insurance products tailored for different characteristic populations or specific diseases or stages of disease.   To promote industry development, in recent years, China has introduced a number of policies to actively advance the development of digital healthcare through macro guidance and clear binding indicators.   In terms of medical services and medical insurance payment,   One of the development goals mentioned in the "14th Five-Year Plan" for comprehensive medical security is to build smart healthcare, construct a universal and convenient digital livelihood security system, and improve the "Internet + Medical Health ” Medical insurance services actively explore the use of information technology to optimize medical service processes.   In terms of the digitalization of the healthcare industry,   The 14th Five-Year Plan 2035 The Outline of Long-Term Objectives mentions accelerating the promotion of digital industrialization, carrying out pilot demonstrations in key areas such as smart healthcare, improving databases for electronic health records and medical histories, electronic prescriptions, etc., and accelerating data sharing among healthcare institutions. The '14th Five-Year Plan' for National Health Informatization proposes to 2025 In [year], a preliminary construction was completed to form a unified, authoritative, interconnected national health information platform support and guarantee system, basically achieving full connectivity between public medical and health institutions and the national health information platform. In terms of the construction of the population health and public health system,   The '14th Five-Year Plan' for the construction of a high-quality and efficient healthcare service system proposes to accelerate the construction of digital health infrastructure, promote the development of a health care big data system, expand the coverage of high-quality medical resources, further narrow regional and urban-rural disparities, and better meet the public's demand for high-level medical services nearby.   Driven and supported by various policies, major internet players such as Alibaba and Tencent have made layouts 2B End, helping hospitals / Smart upgrades for medical institutions and pharmaceutical and medical device companies.   Such as Tencent FindMe AI The auxiliary diagnosis platform has cooperated with companies such as Zhiye Software and Kingdee Healthcare, and signed strategic cooperation agreements on artificial intelligence with medical institutions including the First Affiliated Hospital of Xiamen University, Shandong Provincial Hospital, and Shenzhen Hospital of Southern Medical University. Alibaba Health's “ Doctor You’ AI The intelligent platform includes clinical medical research and diagnosis, medical auxiliary testing, physician competency training systems, etc. At present, it has been integrated with 10+ institutional cooperation.   At the same time, as digital technology and government measures are integrated into healthcare insurance, it can meet the multi-level and personalized product needs of insurance companies. Digital technology will also assist institutions in building smart healthcare platforms and public health solutions.   For example, Magnesium Health has successively participated in the People's Welfare Insurance projects across the country, such as "West Lake Yilianbao", "Shanghai Huibao", "Chuncheng Jixiangbao", and many other products; Tencent has launched the "Smart Disease Control" product, in conjunction with Shenzhen CDC Achieve cooperation to strengthen the foundation of public health services, as well as epidemic prediction and analysis.   Finally, Mao Hua summarized, 'The era of digital healthcare has arrived. In the future, the implementation scenarios of digitization in the pharmaceutical industry are expected to continuously expand cognitive boundaries, thereby comprehensively improving diagnosis and treatment levels, operational efficiency of industries, and regulatory capabilities.'     The major health industry is one of the core focus areas of research at Frost & Sullivan. Recently 20 Over the years, Frost & Sullivan's healthcare team has provided financing and financial advisory services to hundreds of outstanding domestic and international biopharmaceutical, medical device, and healthcare service companies. IPO listing Industry advisory, strategic consulting, management consulting, and other services. In the field of digital healthcare, Frost & Sullivan has served many well-known enterprises such as Kingdee Healthcare, JD Health, Dangdang Kuaoyao, Ping An Health, Medlive, WeDoctor, and Jiahe Meikang.    

GDR It is becoming a new driving force for overseas financing. Since the beginning of this year, there have been more than twenty A A listed company on the stock market announced an issuance in Europe GDR , wherein 8 Home Fortune successfully listed on the Hong Kong Stock Exchange. 1 The company is listed on the London Stock Exchange. So, why are Chinese companies flocking to issue overseas? GDR and for those intending to issue GDR For companies, what exactly needs to be done?   As a globally renowned growth consulting firm, Frost & Sullivan Frost & Sullivan Frost & Sullivan (hereinafter referred to as 'Frost & Sullivan') has successfully assisted many Chinese companies such as Guoxuan High-Tech, Greenme, LeapMed and Healthyuan in listing on the Hong Kong Stock Exchange and the London Stock Exchange this year, occupying a large share of market in terms of successful listings and ongoing projects. Jia Pang, Partner and Managing Director of Frost & Sullivan Greater China, was interviewed.    "Live Report"    Interview, overseas distribution GDR In this case, we conduct an in-depth analysis of the overseas financing routes of Chinese enterprises. Live report   Q Live Report: Why are more and more Chinese companies going public in Europe this year? What are the advantages for Chinese companies choosing to list on the Hong Kong Stock Exchange? The global operation of Chinese corporate capital is conducive to enhancing the international competitiveness of local enterprises and promoting the healthy development of the capital market. Overall, more and more enterprises are choosing to issue GDR There are mainly the following two reasons: First, for the enterprise itself, through issuance GDR Second, for the capital market, encourage enterprises to issue GDR It has advantages such as facilitating cross-border investment and financing, promoting the globalization of capital elements and resources, optimizing the global allocation of resources, and driving the opening up of capital market systems. In comparison,   GDR Compared with other financing channels such as domestic private placements and overseas dual listings, it has unique advantages.   For example, if the project cycle is short, the average project cycle is 4 - 5 The average review cycle is short, relatively lenient, and can significantly reduce the overall cost of issuance; GDR The issue price shall not be lower than the pricing benchmark date in principle. 20 Trading day A average share price 90% The issue price is relatively high, and the financing efficiency is high; currently GDR There are no rigid restrictions on the use of raised funds, which is relatively flexible and can be flexibly allocated according to the needs of the enterprise; GDR The audit report for the issuance declaration can generally use Chinese accounting standards, which reduces regulatory costs and avoids the risk faced by US-listed companies that cannot disclose their accounting records to the US Public Company Accounting Oversight Board due to compliance with Chinese regulations, leading to delisting. Meanwhile, the SEHK was established 1993 The year has a long history and a large market value. 2021 Approaching the end of the year 2.5 Trillion dollars. Moreover, it has advantages such as a stable macro environment, strong liquidity, high valuation, and mature supervision. It is currently the preferred issuance method for Chinese enterprises GDR The first option. Q Live Report: What is the main process for listing on the Hong Kong Stock Exchange? At what stages does Frost & Sullivan typically provide industry advisory services to companies, and what roles does Frost & Sullivan undertake? SEHK GDR The issuance process can be basically summarized into five steps. First, carry out the issuer's internal processes. The main tasks in this stage include the preparation of prospectuses, English audit reports, domestic legal opinions, industry reports, and the board of directors / Shareholders' meeting review, etc. If applicable, pre-approval procedures will follow. For example, state-owned enterprises may involve approval from the state-owned assets supervision agency, banks and insurance companies may involve approval from the banking and insurance regulatory agency; enterprises with a large amount of user information may also involve network security reviews. After completion, it is submitted to the China Securities Regulatory Commission (CSRC) for review. Once the CSRC officially accepts it, it will issue a 'CSRC Administrative Approval Letter' to the issuer. Administrative Permission Application Acceptance Form ( "Little path" ) , and review the application materials. If approved, the China Securities Regulatory Commission will issue the 'Approval XX Approval for the Company's Initial Public Offering of Global Depository Receipts and Listing on the Swiss Stock Exchange ( "Big roadblocks" ) After obtaining the 'Small Route' permit, you can apply to the Prospectus Office of the SFC ( Prospectus Office Submit the prospectus and submit a listing application to the Hong Kong Stock Exchange's Regulatory Authority. Finally, complete other procedures both domestically and internationally, and successfully issue the shares. GDR .   Frost & Sullivan provides services to the company throughout the entire lifecycle of the project.   In the early stages of a project, to ensure that the industry section of the prospectus complies with issuance requirements, fully explores industry and company highlights, and addresses any potential questions from exchanges and investors, Frost & Sullivan will issue a detailed industry research framework, which will be discussed and revised repeatedly with the company and various intermediaries. During the preparation of the prospectus, Frost & Sullivan was mainly responsible for two tasks. One was to write industry reports and the sectoral chapters of the prospectus, and the other was to provide all supporting content related to industry comparisons, competitive advantages and strategies, business segments, etc., which are essential for understanding the industry and the company's comparative strengths and leading positions within it. In the process of writing industry reports, Frost & Sullivan would conduct in-depth research on the industries where their client companies operate, as well as analyze using their more than sixty years of industry database, to write in-depth sectoral research reports. They would also quote core content from these reports to compile the sectoral chapters of the prospectus. Additionally, throughout the entire prospectus, there are many references to industry content other than the sectoral chapters, including but not limited to the overview, competitive advantages and strategies chapters, business segments, risk factors chapters, etc. Frost & Sullivan would continue to provide support to their client companies throughout the entire process of writing the prospectus. In addition, Frost & Sullivan will continue to participate in the project's regulatory approval and investor roadshow promotion processes, providing multi-dimensional support. In the regulatory approval process, Frost & Sullivan assists issuers in answering questions from domestic and international regulatory authorities regarding the industry, helping issuers efficiently respond to regulatory inquiries and accelerate the approval process. In roadshow materials, Frost & Sullivan provides support related to all industry sectors, company positioning, and competitive advantages, helping companies clarify their investment stories and enhance value and market recognition. Q Live Report: Which industries are more suitable for companies listed on the Hong Kong Stock Exchange? Overall, there are no clear restrictions on the industries that can list on the Ruixin Stock Exchange, making it very diversified.   Many of the enterprises that have been successfully issued to date are in new energy, high-end manufacturing, and technology-related fields. Q Live Report: Frost & Sullivan has successfully facilitated the overseas issuance of several companies this year GDR Can you introduce these projects? Frost & Sullivan has recently assisted multiple companies in successfully launching their products. GDR Frost & Sullivan occupies a significant share of the market in successful projects, as well as many newly launched and pre-sale projects. It also holds a large portion of the overall market, including globally advantageous enterprises from various industries such as MingYang Intelligence, Guoxuan High-Tech, Green Motion, Lepu Medical, Health Yuan, and Giant Technology.   To be issued this year GDR Most of the enterprises are private enterprises with global advantages, showing a positive signal for Chinese private enterprises to 'go global'. More outstanding private enterprises have issued GDR It is not only conducive to private enterprises further exploring international markets and continuously developing and growing, but also helps to accelerate the formation of a higher level of opening up. Q Live Report: Your intention to issue GDR What suggestions do companies have? Overseas Issuance GDR There are two main considerations: one is why, and the other is how. From the perspective of why it was done, GDR While convenience is one of the reasons for issuing a private placement compared to dual listing overseas, there are two other points that need to be clarified.   One is issuance GDR Whether it meets the company's business development needs, and whether it can further enhance the company's governance level and core competitiveness? Another question is whether the company will be recognized by the international capital market?   Generally speaking, GDR Companies that are successful in issuing shares possess one or more characteristics, including superior technical capabilities, broad development prospects for the industry they belong to, state-owned capital participation or control, and stable profitability over the three years prior to the issuance date. It is necessary to clarify these aspects in advance before the issuance. From the perspective of how it's done,   although GDR A short project cycle is a major advantage, but it can also be a significant challenge.   In just a few months, completing the drafting of the entire prospectus and obtaining approval from domestic and international regulatory authorities requires the collaborative and efficient work of the company and various intermediary institutions. In addition, the cross-border business capabilities of all intermediary parties will also be greatly tested. For example, due to A The stock market price has already fulfilled the function of price discovery for the company. How can we convince international investors to buy? GDR It will be a challenge.   For industry consultants, helping companies issue shares at a higher valuation and at a faster pace GDR It is particularly important for information reserves in the Chinese and global markets. Q Live report: Obviously GDR It has become a new path for Chinese enterprises to raise funds overseas. So, do you think this upsurge will continue in the future? Which industries are expected to be affected in the future? GDR Are there going to be more projects? From three aspects, I think GDR The craze will continue in the future.   One is at the regulatory level,   from 2018 After the Shanghai Stock Exchange launched the "Shanghai-London Stock Connect" in [year], the China Securities Regulatory Commission has improved the regulation on GDR The regulatory and supportive policies for issuance indicate that in order to maintain smooth overseas listing channels, the policy side is continuously supporting various enterprises' overseas issuance. GDR .   The second is at the enterprise level,   Dozens of enterprises actively participated in the issuance GDR The grand occasion is the best proof; enterprises highly recognize this financing channel. In the future, it is expected that more enterprises will join GDR Issued.   The third point is from the perspective of the development of China's capital market,   With the enhancement of the value of Chinese enterprises and the implementation of global layouts, it is an inevitable trend for companies to take over from the capital market and march overseas. This can optimize the global allocation of resources and promote the opening up of China's capital market. GDR The project industry coverage is as of the current issuance GDR It is not difficult to see from the enterprise directory that the first few batches GDR The issuance covers a considerable number of industries related to the lithium battery industry chain, new energy industries such as wind power, semiconductor industry chain-related sectors, high-end and intelligent manufacturing industries, and rapidly developing technology-related sectors like medical equipment. However, this does not mean GDR The project will be limited by the industry, as companies from various sectors such as food and beverages, traditional energy and power industries, services, agriculture, and manufacturing are involved. In the future, with GDR With further expansion of projects, the industry coverage will continue to widen.   And this trend also means GDR The project has met the industry consultant's increased requirements.   On the one hand, there are extremely high requirements for industry consultants in terms of industry coverage and project and data reserves. On the other hand, there should be no geographical limitations, as many GDR The issuers are leading enterprises with a global footprint, targeting global investors. Industry consultants are needed who also have an in-depth research foundation on overseas markets.   * This interview was published on the "LIVE REPORT" official account, with the original title being "     Exclusive Interview with Live Report | Frost & Sullivan Jia Pang: GDR The boom will continue, and private Chinese enterprises are actively 'going global'.    >>    （ 👈 Click the title to read the full report).