Review on the Management of China Eastern Airlines Logistics Board of Directors in 2023

() The business review of the Board of Directors in the first half of 2023 is as follows:

  I. Description of the industry and main business of the company during the reporting period.

  (a) the industry situation

  1. The global economic and trade recovery is tortuous, and the domestic economy is picking up.

  In terms of global economy, the World Trade Organization will increase the growth rate of global trade from 1% predicted in the fourth quarter of 2022 to 1.7% in 2023, and predict that the growth rate will rebound to 3.2% in 2024. The International Monetary Fund predicts that the global economic growth rate will be 3.0% in 2023 and 2024. At the same time, Asian emerging markets and developing economies represented by China and India will lead the world with economic growth rates of 5.3%(2023) and 5.0%(2024). However, many institutions, including the International Monetary Fund, the World Bank and the World Trade Organization, also pointed out that the prospect of global economic and trade recovery in 2023 is not clear, and it will always face the impact of negative factors such as high inflation expectations and the impact of the financial system. At the same time, the trend of trade regionalization and the risk of decoupling and breaking the supply chain will inhibit the recovery of global economic and trade activities.

  In terms of China’s economy, according to the data released by the National Bureau of Statistics, China’s GDP increased by 5.5% year-on-year in the first half of the year, and the overall economic growth rate rebounded, ranking among the leading economies. According to the import and export trade data released by the General Administration of Customs, the scale of import and export trade in the first half of the year exceeded 20 trillion yuan for the first time in the same period, reaching 20.1 trillion yuan, up 2.1% year-on-year. Among them, ASEAN and the "Belt and Road" countries have had a positive pulling effect on supporting China’s import and export scale. In the first half of the year, the total import and export trade between China and countries along the Belt and Road reached 6.9 trillion yuan, accounting for 34.3% of China’s total import and export value in the same period, up 9.8% year-on-year; The total import and export trade with ASEAN reached 3.1 trillion yuan, up 5.4% year-on-year, maintaining its position as the largest trading partner. With the deepening of regional industrial chain cooperation and international economic and trade cooperation led by China, China’s import and export trade will maintain a steady and positive growth trend.

  2. Air freight supply recovered, demand weakened, and revenue declined significantly.

  Domestically, according to data from the Civil Aviation Administration, as the civil aviation industry as a whole entered a stage of rapid recovery, the total cargo and mail turnover of civil aviation in the first half of 2023 was 12.65 billion tons kilometers, an increase of 1.9% over the same period of 2019, and the transportation production level of the industry basically recovered to the level of 2019. Internationally, the global air cargo demand has weakened due to factors such as the high inflation level of major economies in the world and the weak overall growth of the world economy. According to the data released by IATA, the global air cargo demand in the first half of 2023 decreased by 8.1% year-on-year, 5.9% compared with the same period in 2019; With the rapid recovery of the belly cabin of international passenger aircraft, the global air transport capacity supply (available tons and kilometers of mail) exceeded the level of the same period in 2019 for the first time from April 2023, with a year-on-year increase of 9.9% in the first half of 2023 and an increase of 0.9% compared with the same period in 2019.

  IATA, the international air transport association, recently lowered the forecast value of air cargo revenue of global civil aviation industry in 2023 from the previous value of $149.4 billion to $142.3 billion, which was significantly lower than the revenue scale in 2021 ($210 billion) and 2022 ($207.3 billion).

  3. Policy tools to cultivate the kinetic energy of aviation logistics development.

  The strategy of strengthening the country by transportation is a major strategic decision made by the CPC Central Committee. As an important part of a strong country by transportation and a leading industry under the new development pattern, aviation logistics plays an important strategic supporting role in building a high-quality "double-cycle" system, such as serving the domestic demand market consumption upgrade, serving China manufacturing to climb the hill and push brands out to sea. In the first half of this year, the Ministry of Transport, the Civil Aviation Administration and other relevant government departments successively issued a number of support and standardization policies for China’s aviation logistics industry. In January, 2023, the Civil Aviation Administration issued the "Guide to the Work of Keeping Aviation Logistics Smooth and Smooth", aiming at establishing and improving the system and mechanism of aviation logistics and giving full play to the basic guarantee role of aviation logistics in the industrial chain and supply chain; In February 2023, the People’s Bank of China, the Ministry of Transport and China Banking and Insurance Regulatory Commission jointly issued the Notice on Further Improving Financial Support and Services in the Field of Transportation and Logistics, and effectively increased the financial sector’s support for the transportation industry through various policy tools; In March 2023, the Ministry of Transport, the State Railway Administration, the Civil Aviation Administration and other departments jointly issued the "Five-year Action Plan for Accelerating the Construction of a Transport Power (2023 -2027)", taking various measures to help China build a safer, higher quality, more efficient, fairer and more sustainable civil aviation construction system; In July 2023, the Civil Aviation Administration issued the Guiding Opinions on Printing and Implementing the Overall Deployment of Digital China Construction and Accelerating the Construction and Development of Smart Civil Aviation, aiming at better coordinating the construction of new infrastructure and activating the potential of data elements.Give full play to the role of smart civil aviation construction as an innovation engine in promoting the high-quality development of civil aviation.

  4. The operation of industrial logistics and aviation logistics has maintained a recovery trend, and sub-sectors have created new engines for growth.

  According to the data released by the National Development and Reform Commission, the total logistics of industrial products nationwide in the first half of 2023 was 146.8 trillion yuan, accounting for 91.4%, up 3.8% year-on-year, maintaining a recovery trend. With the in-depth implementation of China’s innovation-driven strategy, industrial upgrading has been solidly promoted, new kinetic energy has grown rapidly, and the support for industrial production has been continuously enhanced. According to the data released by the General Administration of Customs, in the first half of 2023, China’s exports of industrial products increased by 3.3% year-on-year, and the development trend of high-end, intelligent and green industries was obvious. Driven by the rapid growth of exports of "new three kinds" (new energy vehicles, photovoltaic modules and lithium batteries), China’s exports of mechanical and electrical products increased by 6.3% year-on-year in the first half of 2023, accounting for 58.2% of the total export value. According to Seabury, a professional service organization in the aviation industry, the total value of China’s air import and export from January to May 2023 exceeded US$ 312.4 billion, which has basically recovered to the same period in 2019; The total import and export cargo by air is 1.825 million tons, which has recovered to 91.1% in 2019. The categories of cargo are mainly industrial logistics represented by high technology (including 3C equipment, medical equipment, semiconductors, etc.), machinery and equipment parts (all kinds of manufacturing-related parts, etc.), raw materials, chemicals and pharmaceuticals (including pharmaceutical products, testing reagents, etc.), electromechanical equipment, automobiles and parts. With the slowdown of inflation in major developed economies in Europe and America and the gradual restoration of confidence in overseas markets, it will help stimulate economic activities, have a positive impact on demand and further support China’s exports.

  (1) New forces at sea help cross-border e-commerce to open up growth space.

  According to the preliminary statistics of the Customs, the advantages and potential of cross-border e-commerce in "buying the world and selling the world" continued to be released in the first half of this year, with the import and export reaching 1.1 trillion yuan, up 16% year-on-year. Among them, exports reached 821 billion yuan, up by 19.9%, and imports reached 276 billion yuan, up by 5.7%, which continued to maintain a good development momentum and effectively helped China’s foreign trade to stabilize its scale and optimize its structure. The expanding global e-commerce market has brought huge development space for China’s cross-border e-commerce business, and the international market’s acceptance and recognition of China-made and China-made brands going to sea has been increasing, which will promote the rapid growth of China’s cross-border e-commerce demand. As a representative of the new generation of offshore platforms, TEMU has successively opened up markets in Europe, Japan and other countries after the American market. TikTok has continuously deepened its social content e-commerce and exerted its strength in the Southeast Asian market, and the total commodity transaction volume GMV has hit record highs.

  Focusing on the two key elements of market and product, the company comprehensively improves the capabilities of cross-border e-commerce logistics market development, product operation and maintenance, front-end collection and terminal distribution, grasps the overall situation of development, improves the ability to develop cross-border e-commerce market in South China represented by Shenzhen, speeds up the distribution of resources, increases investment capacity, enriches the layout of aviation network in South China, and enhances its competitiveness in Guangdong-Hong Kong-Macao Greater Bay Area.

  (2) China contract logistics enterprises to speed up the layout of the sea.

  In recent years, China’s high-tech and high-value-added products and related industries have greatly accelerated the expansion of overseas markets, and gradually occupied a dominant position in China’s export structure. For example, the "new three kinds" of foreign trade, which continues to heat up, has become a new growth point for the transformation and upgrading of manufacturing industry. The contract logistics enterprises in China also actively responded to the global expansion of China manufacturing, and gradually accelerated the layout speed of the global logistics service network. In addition to the traditional Southeast Asian market, more and more local contract logistics enterprises in China are going to Latin America, Africa, Europe and the United States with manufacturing and consumer brands, and building a global logistics infrastructure network led by American enterprises.

  The company constantly tries to integrate overseas logistics enterprises with network advantages in various ways to provide customers with "one-stop" comprehensive logistics solutions. In February, 2023, the company officially launched its self-developed online sales platform "Orange Swallow". Through cooperation with many overseas online platforms, it provided a number of important trade channels with Shanghai as the anchor point, traveling to and from Europe, America and the Asia-Pacific region, and further deepened the development of the global freight market.

  (3) Accelerate the construction of high-quality cross-border cold chain logistics service system.

  The National "14th Five-Year Plan for Cold Chain Logistics Development" points out that as China has turned to a high-quality development stage, the industry has accelerated to the middle and high end of the global value chain, and modern agriculture, food industry, pharmaceutical industry and service industry are facing an overall upgrade. The demand for high-quality, refined and personalized cold chain logistics services is growing day by day, so it is necessary to vigorously develop aviation cold chain logistics for high-end fresh food and pharmaceutical products. According to the data of the General Administration of Customs, China’s imported meat and edible aquatic products increased by 9.5% and 30% respectively in the first half of this year. Fruit imports from ASEAN reached 40.54 billion yuan, up 24.1% year-on-year, among which fresh durian increased by as much as 65%. ASOEX, a Chilean fruit exporter association, points out that China is the main export destination of Chilean cherries. In 2022-2023, Chile exported 372,000 tons of Chilean cherries to China, accounting for 97% of the total export volume of Chilean cherries in Asia. According to the data of Norwegian Seafood Bureau, the value of salmon imported by China from Norway in the first half of this year was 1.97 billion yuan, an increase of 95% over the same period last year.

  The company set up a wholly-owned subsidiary, Fresh Port (Ningbo) Supply Chain Management Co., Ltd. (hereinafter referred to as "Fresh Port Company") in Ningbo, focusing on cross-border direct procurement of fresh food. With the advantages of Ningbo Port and its own air transport resources, it has built a fresh port model integrating port service, cold chain transportation, cold chain storage, processing and trading, and continuously expanded the categories of imported fresh food. In the first half of the year, the company and Box Horse jointly purchased and introduced high-quality fruits such as mangosteen, durian, mango and dragon palace fruit from Thailand to Shangchao channel through Ningbo. On this basis, the company plans to replicate the fresh port model to many places in China, and with the help of the increasingly perfect cold chain logistics supply chain, send more foreign high-quality fresh products to China to meet the increasingly diversified needs of consumers in China.

  (2) Main business information

  1. Air Express

  China Eastern Airlines Logistics provides customers with air cargo logistics services covering major international and domestic airline networks by means of all-cargo transportation and passenger cabin transportation. By the end of the reporting period, the company owned 17 all-cargo planes, including 15 B777 and 2 B747. The company’s all-cargo flights reach many international cities such as Los Angeles, Chicago, Frankfurt, Amsterdam and new york. The belly cabin transportation of passenger aircraft mainly relies on the global route of China Eastern Airlines. Through SkyTeam, code sharing and SPA agreement, the route network reaches 1,088 destinations in 184 countries and regions around the world. Relying on the competitive advantages of air express business, such as fast transportation speed, large spatial span, safe and accurate transportation, and being not limited by geographical conditions, the company has continuously increased its own transportation capacity to build an air express product system covering express, special freight and general goods with different transportation timeliness and product service requirements, thus contributing to the optimization and upgrading of China’s industrial structure, the transformation and upgrading of manufacturing industry and the brand’s going out to sea.

  2. Integrated ground services

  Ground comprehensive services include cargo terminal operation, multimodal transport, warehousing business, etc. Fast and efficient ground comprehensive services not only reduce the time cost and transportation cost of aviation logistics enterprises, but also provide convenience for broadening logistics channels and improving the accessibility of cargo transportation, which is a necessary extension and core guarantee link of aviation logistics.

  (1) Cargo Terminal Operation

  The company has 17 self-operated cargo terminals and 1.5 million square meters of storage area and operation site nationwide, and has built the unique advantages of domestic cargo terminals and storage ground service network. On this basis, it has further improved the development, design and marketing capabilities of innovative products and services for ground services, empowered the operation of air cargo terminals through digital intelligence construction, and provided partners with ground services including assembling, tally, transit, and information processing of inbound and outbound documents.

  (2) Multimodal transport

  The company improves the operational efficiency and service level of multimodal transport services by accelerating the improvement of informatization and intelligence, opening up the freight information chain and realizing information sharing, and provides customers with multimodal transport services such as truck flight services for inbound and outbound goods, short ground connection between cargo stations and other additional services provided according to customer needs.

  (3) warehousing business

  In addition to general cargo storage in airport cargo terminals, the company has diversified special storage resources such as temperature-controlled cargo warehouses (including cold storage, freezer and constant temperature warehouses), dangerous goods warehouses, precious goods warehouses, live animal warehouses and out-of-gauge cargo warehouses, which are rare in China and can meet the storage needs of special goods, and also provides storage services in customs supervision areas for international import and export goods.

  3. Integrated logistics solutions

  The company deeply cultivates integrated high-end logistics solutions, seizes the strategic opportunity of China enterprises to improve supply chain efficiency and establish an independent and controllable global supply chain system, deeply digs into customers’ demand for supply chain upgrade, highlights the "timeliness" and the value of having airline transportation resources, and provides high-end logistics solutions that are different from other competitors in resource-advantaged regions and markets, so as to create a supply chain system with the capabilities of information management, inventory control, lean delivery and multimodal transport, and provide customers with customized and efficient high-end logistics "China Eastern Airlines Scheme".

  (1) Cross-border e-commerce solutions

  At present, cross-border e-commerce has injected new momentum into China’s foreign trade development. The company makes full use of the advantages of Pudong Airport’s port and trunk resources to provide direct mail customs clearance services, domestic operations, container warehouse operations, international air transportation and other basic services for the logistics needs of e-commerce sellers, e-commerce platforms, independent stations and cooperative logistics service providers. At the same time, by integrating overseas customs clearance, transshipment and tail-end delivery supplier resources, we will provide sellers and platform customers with cross-border export logistics services in the whole process or "port+warehousing" to enhance the company’s full chain service level, comprehensive service capability and international competitiveness.

  (2) Direct origin solution

  Direct origin is committed to building a global high-end renewable animal protein and fruit and vegetable fast cold chain service integrator: providing one-stop supply chain services from overseas origin to designated locations in China, such as overseas fresh food collection, factory delivery, international transportation, customs clearance and port temporary processing. Fresh transportation can provide customers with customized charter flights, ships and cabins, as well as sea-air combined transport, international transit transport, domestic distribution and warehouse delivery services; Fresh trade services can provide customers with flexible and diverse trade forms such as FOB (fob), CIF (CIF) and CNF (CIF (excluding insurance)); Fresh port service can provide customers with value-added services such as port temporary storage, subcontracting and initial processing. The place of origin goes directly to the information platform of Feilai Fresh, which connects all links of overseas factories, means of transport and domestic sales channels, and helps the high-end import and export fresh supply chain system become more agile, smarter and more transparent. With faster speed, better quality and more assured supply chain service, China Eastern Airlines’ direct production area meets the people’s desire for a better life.

  (3) Supply chain of peer projects

  The inter-bank supply chain project mainly provides standardized air transport and ground integrated services for customers in postal, express and air freight forwarding industries; In addition, according to the needs of some customers, based on the linkage effect formed by self-owned routes and cargo terminals, we provide customers with "port-to-port" cross-border transit aging products. This business integrates the advantages of all parties in the supply chain to create more economical and high-quality aviation logistics service products for customers.

  (4) Customized logistics solutions

  Customized logistics solutions are mainly aimed at customers in high-tech, biomedical, aviation equipment, consumer goods and other industries, and provide highly customized "one-stop" integrated logistics service solutions based on customers’ differentiated aviation logistics needs. On this basis, the company has continuously tapped its own advantages, grafted external superior resources in many ways, further extended its service chain and further enhanced its market competitiveness.

Second, the discussion and analysis of the business situation

  (1) Overall operation in the first half of 2023

  In the first half of 2023, due to the high inflation level of major economies in the world and the weak overall growth of the world economy, the global air cargo market demand weakened; With the rapid recovery of the belly cabin of international passenger aircraft, the supply of air transport capacity has increased, the air freight rate has fallen sharply, and the air freight market has gradually returned to the normal stage.

  Facing the new situation, the company adheres to the general tone of steady progress, constantly enhances the core competitiveness of enterprises, accelerates the development towards high quality, and promotes the effective improvement of quality and reasonable growth of the company’s business. In terms of air express transportation, we should better coordinate development and safety, adjust the structure and scale of the fleet in an orderly manner, continuously optimize the layout of the aviation network, actively seize the market, maintain the cargo carrying rate at a high level, and achieve an increase in the total turnover of cargo and mail transportation; In terms of ground comprehensive services, we will strengthen the maintenance of airline companies and agent customers, consolidate our dominant position in Shanghai’s main base, vigorously expand cargo charter business and truck flight business, and continue to promote innovative businesses such as one-stop air service center, so that the cargo and mail handling capacity will increase; In terms of integrated logistics solutions, we will strengthen direct customer marketing, concentrate superior resources to protect core customers, establish a cross-border free-wing product service system with the characteristics of China Eastern Airlines logistics brand, provide air transportation solutions for many high-tech enterprises, accelerate the construction of cross-border fresh food express transportation network, and achieve rapid growth in imported fresh food business.

  1. Main financial data

  In terms of operating income and gross profit, during the reporting period, the company achieved operating income of 9.376 billion yuan, down 19.22% year-on-year, of which the main business income was 9.372 billion yuan, down 19.20% year-on-year; During the reporting period, the gross profit of the company’s main business was 2.295 billion yuan, down 36.62% year-on-year, and the comprehensive gross profit margin was 24.48%, down 6.73 percentage points year-on-year. See Table 3 and Table 4 for the income and gross profit of each business segment.

  In terms of air express transportation, from the revenue side, the company has steadily increased and optimized the transportation capacity, and maintained the cargo carrying rate at a high level. In the case of weak market demand, it has dug deep into the supply potential, stabilized existing customers and developed new customers, and the total turnover of cargo and mail transportation has increased by 13.82% year-on-year. Due to the weakening of investment and consumer demand in overseas markets, the demand for air freight decreased, and the spot freight rate in the air freight market fell sharply. According to TAC air freight price data, the spot freight rates from Shanghai to North America and Europe all fell by more than 45% at the end of the reporting period. Although the company locked in the price by signing a certain proportion of long-term contracts, the overall freight rate still fell sharply during the reporting period. Under the influence of the above-mentioned volume and price factors, the business income of air express plate decreased year-on-year. From the cost side, due to the expansion of fleet size and the increase of cargo and mail turnover, the main operating costs such as depreciation and jet fuel cost of all cargo planes increased year-on-year, and the transportation service price of passenger cargo business decreased year-on-year due to the large reduction of customers and the sharp decline of freight rates. On the whole, the cost of this sector decreased by 23.25% year-on-year. During the reporting period, the aviation express segment realized the main business income of 4.528 billion yuan, down 35.29% year-on-year, and the gross profit margin of the main business was 28.51%, down 11.21 percentage points year-on-year.

  In terms of ground integrated services, from the revenue side, the company actively tapped the market potential and accelerated the development of innovative businesses such as one-stop air service center. At the same time, due to the low base in the same period last year, the cargo and mail handling volume recovered steadily during the reporting period, increasing by 16.54% year-on-year, realizing the growth of main business income. From the cost side, the company continued to improve personnel efficiency by building smart cargo terminals. During the reporting period, labor costs decreased slightly year-on-year, and at the same time, the expenditure on epidemic prevention expenses was reduced compared with the same period last year. During the reporting period, the ground comprehensive service sector realized the main business income of 1.167 billion yuan, up 6.49% year-on-year, and the gross profit margin of the main business was 36.46%, up 17.00 percentage points year-on-year, of which the gross profit margin in the second quarter was 41.57%, which returned to the historical high level.

  In terms of integrated logistics solutions, the company fully integrates its own resource advantages such as air transportation and ground cargo terminal operation, enhances the satisfaction of direct customer service and enhances customer stickiness, while continuing to play its leading role in cross-border fresh food supply chain and expanding its business scale. During the reporting period, the integrated logistics solutions segment realized the main business income of 3.678 billion yuan, a year-on-year increase of 4.86%; In the case of a sharp decline in air freight rates, the gross profit margin of the main business remained at 15.73%, a slight decrease of 2.18 percentage points.

  In terms of expenses, during the reporting period, sales expenses and management expenses were basically the same as those of the same period last year; The company continued to increase investment in business management systems and information systems, and spent 14.07 million yuan on research and development, up 97.64% year-on-year; Due to the exchange loss caused by the fluctuation of RMB exchange rate and the interest expenses caused by the introduction of new financial leasing aircraft, the financial expenses increased by 261.15% during the reporting period.

  In terms of net profit, during the reporting period, the company achieved a net profit of 1.47 billion yuan, down 41.40% year-on-year, due to factors such as the sharp drop in air freight rates and exchange losses. The net profit rate was 15.68%, down 5.93 percentage points year-on-year; The net profit attributable to the owners of the parent company was 1.272 billion yuan, a year-on-year decrease of 40.11%; The net profit attributable to the owner of the parent company after deducting non-recurring gains and losses was 1.137 billion yuan, down 45.03% year-on-year.

  In terms of capital structure, as of the end of the reporting period, the company’s assets maintained steady growth, with total assets of 27.446 billion yuan and net assets attributable to shareholders of listed companies of 14.234 billion yuan, up by 5.29% and 5.25% respectively compared with the end of last year; The company’s asset-liability ratio was 43.19%, down 0.48 percentage points from the end of last year.

  2. Main business operation data

  During the reporting period, the main operating data of the company’s air express, ground integrated services and integrated logistics solutions are shown in Table 5, Table 6 and Table 7.

  (2) Consolidate the operating chassis and improve the operational toughness, and the efficiency of air express transportation is generally stable.

  1. Adjust the structure of the fleet steadily, and accurately ensure the operation guarantee.

  In terms of fleet planning, during the reporting period, the company continued to implement the "14 th Five-Year Plan" all-cargo aircraft fleet development plan and continuously optimized the fleet structure and scale. Two brand-new B777 all-cargo planes were successfully introduced by means of financial leasing, and two B777s whose operating lease contracts were due to expire were started to be returned. By the end of the reporting period, the company had 17 registered cargo planes, including 15 B777 and 2 B747. The follow-up company will further optimize the fleet structure and form a unified fleet of B777 aircraft, all of which will be owned or financed, which will help to reduce the overall aircraft holding cost and operating cost of the company.

  In terms of aircraft operation, the company coordinates development and safety, and accurately pays attention to operational guarantee. In terms of flight technology and crew management, strengthen training management, make full efforts to make arrangements for crew configuration, ensure balanced strength of crew, and meet flight production needs; In terms of maintenance supervision, strengthen the control of aircraft key systems and repeated technical failures, dynamically optimize and adjust the execution time of C inspection, and improve the arrival rate of aircraft; In addition, through the continuous optimization and adjustment of air routes and alternate sites, economic oil loading and other measures, the operation cost is reduced.

  During the reporting period, the carrying rate of all cargo planes was 82.75%, down by 1.64 percentage points year-on-year; With the withdrawal of the "passenger-to-cargo" derived from meeting the freight demand and the rapid recovery of the belly cabin of conventional passenger aircraft, the route structure of passenger aircraft freight business has changed, resulting in a significant decline in the passenger aircraft freight business carrying rate, down 8.63 percentage points year-on-year to 30.10%.

  2. Continuously optimize the route network and promote the construction of express product system.

  For all cargo planes, the company is committed to building an all cargo plane route network with Shanghai as the main hub, Guangzhou-Shenzhen as the secondary hub, and Beijing and Chengdu-Chongqing as the "two wings". During the reporting period, the company actively expanded and encrypted the frequency density of European and American routes. First, encrypt the frequency density of routes in Europe, America and Japan to consolidate Shanghai’s position as the main hub; Second, a new all-cargo flight from Shenzhen to London will be opened, so that the direct capacity of routes in South China can cover the European and American markets. During the reporting period, the company had 17 scheduled flights for all cargo planes, including 15 from Shanghai and 2 from Shenzhen.

  In terms of passenger cargo business, during the reporting period, with the rapid recovery of international conventional passenger cabin, the company made overall plans for conventional passenger cargo business and unconventional passenger cargo business, deepened cooperation with major intermodal partners in Europe, America and Asia, and carried out intermodal transport with Delta Air Lines and Japan Airlines on the Shanghai-Seoul/Tokyo route in the form of package cooperation. At the end of the reporting period, the company’s passenger aircraft belly cabin transportation mainly relied on the global routes of China Eastern Airlines. Through SkyTeam, code sharing and SPA agreement, the route network reached 1,088 destinations in 184 countries and regions around the world.

  In terms of product system construction, the company actively expands the transit business, makes full use of the coverage advantages of domestic passenger aircraft belly cabin and ground truck network by using the policy of "customs clearance integration", further enriches the products with "port-to-port" time limit, and extends them to the hinterland of the Yangtze River Delta, southwest China, South China and other regions to dig deep into the aviation logistics demand of high-value goods, expand the product coverage and improve the revenue level of the whole network.

  3. Strengthen market development, resist fluctuations and seek resilience.

  During the reporting period, in terms of long-term contract signing, the company maintained the annual contract signing rate of all cargo planes to a reasonable level through the combination and promotion of various service products, of which the contract signing rate of long-term routes originating from Europe and America in Shanghai was over 60%, and that of short-term routes in Asia-Pacific was about 50%; In terms of cooperation with major customers, the company has continuously deepened cooperation with large international logistics enterprises ranked in the forefront of global air transport, and reached cooperation agreements with many international logistics giants; In terms of domestic passenger aircraft belly cabin sales, we will strengthen cooperation with domestic express delivery companies such as SF Express, Leap Forward and Tongda Department, and launch "road-to-air" and economic mail products; In addition, bidding for domestic sites and zero-low-income flights was carried out, and underwriting and booking agreements were signed. By taking the above measures, in the first half of 2023, when the air freight rate dropped sharply, the company’s air express business showed certain operational resilience.

  (3) Strengthen the operation quality and tap the market potential, and quickly repair the benefits of comprehensive ground services.

  1. Dig deep into the market potential to generate income and increase efficiency, and steadily promote the construction of new capacity.

  In terms of market sales, in the face of weak market demand, the company actively maintains existing customers and develops incremental customers. On the one hand, actively visit various airlines and key agent customers to deeply understand their operating pain points and difficulties, and at the same time strengthen the management of agents and do a good job in maintaining existing customers; On the other hand, we will intensify market development, actively expand potential customers, sign ground service agreements with airlines such as Vietnam Bamboo Airlines and Alitalia, and provide air cargo and mail ground agency services at Shanghai Pudong Airport and Beijing Daxing Airport.

  In terms of new capacity construction, the company has steadily promoted the construction of the second phase of Pudong Airport West Cargo Terminal, the joint venture company of Pudong Airport Smart Cargo Terminal and the cold storage project of the logistics center cargo terminal, among which the second phase of Pudong Airport West Cargo Terminal is expected to be completed and put into operation by the end of this year, and the joint venture company of Pudong Airport Smart Cargo Terminal has started construction and is expected to be completed by the end of 2025. In terms of the development and operation of airport industrial park, the Northwest Airport Industrial Park project of China Eastern Airlines Logistics has been successfully put into production, and customers have settled in during the reporting period. The company will also actively promote the negotiation and signing of Zhengzhou Logistics Park and other projects, and take advantage of the company’s air transportation advantages to realize the benign interaction between airport warehousing and aviation main business.

  During the reporting period, the company handled 1,188,000 tons of cargo and mail, up 16.54% year-on-year. Among them, the cargo and mail handled in Shanghai was 1,020,700 tons, up 13.75% year-on-year, and the market share in Shanghai was 58.36%.

  2. Expand the service connotation and develop value-added service products.

  During the reporting period, the company enriched its business connotation in terms of service products, service chain and service innovation. In terms of service products, according to customer demand and market changes, design and develop new value-added service products of cargo terminals, such as limited delivery service, integrated ground operation service and apron direct delivery service; In terms of service chain, the one-stop air service center is used to provide extended distribution services at both ends of the "port-to-port" supply chain according to the individual needs of customers, helping the company to realize the transformation of its comprehensive logistics solution business from "port-to-port" to "door-to-door", and expanding its service targets from airline customers and freight forwarding customers to direct customers covering high-tech industries; In terms of service innovation, we continued to promote business innovation and transformation, and set up Sigat Studio to engage in dangerous goods air transport safety operation training, industry rules formulation, and dangerous goods transport professional scheme customization.

  3. Continue to increase investment in science and technology to empower smart cargo terminals.

  During the reporting period, the company continued to increase investment in science and technology, committed to realizing unmanned production operations, visualized production data, timely tracking of goods status, and online process management, and gradually changed from labor-intensive to technology-led. First, the EOS new cargo terminal operating system, the company accelerated the process of building a "smart cargo terminal", and the EOS new cargo terminal operating system was officially put into operation in the East Pudong cargo terminal, integrating the existing fragmented and scattered systems, realizing the whole chain tracking of goods, helping the work of the cargo terminal to be scientific and technological, the process to be intelligent and the goods to be informationized, and promoting the digital transformation and development; Second, the latent lifting AGV project, which has been tested in the warehouse, can save energy and increase efficiency, make full use of existing space, reduce manpower and equipment investment, reduce operational safety risks, improve cargo operation quality and help intelligent cargo terminal construction; Third, the customer service platform, which officially launched the module of booking and picking up incoming goods, has covered more than 90% of the incoming goods in two cargo stations, standardized the international picking up process of incoming goods in Pudong, greatly shortened the time of agent picking up goods, improved the efficiency of picking up goods, and prepared to build a centralized document examination center to unify the operation process and improve work efficiency.

  (D) Deepen direct customer cooperation and strengthen innovative business, and the revenue of integrated logistics solutions continues to grow.

  The company gives full play to its resource integration advantages and service capabilities, responds to customer needs quickly, and provides comprehensive logistics solutions for the whole link. During the reporting period, the company continued to deepen its market segments, achieved remarkable results in direct customer expansion, and achieved sustained growth in the business income of integrated logistics solutions.

  1. Cross-border e-commerce solutions

  The company continuously explores the growth point of cross-border e-commerce business, enriches the cross-border product operation and maintenance system and revenue operation and maintenance mode, and monitors all links of cross-border full-link products in real time to ensure the overall revenue of cross-border business. In terms of product system development, we will launch a series of products such as Wing Optimization, Wing Express, Wing Express, Wing Huiyun and Wing Warehouse in stages according to timeliness, service type and service object, providing customized products to large customers and standardized products to small and medium-sized customers, with good customer structure and effectively suppressing market fluctuations; In terms of customer development and market development, we will continue to increase the depth, breadth and regional scope of cooperation with fast fashion cross-border e-commerce head enterprises, provide them with comprehensive logistics service solutions including factory delivery, port operation and air transportation, continuously optimize service processes and continuously improve service timeliness to meet the extreme logistics needs of customers. In addition, in order to meet the huge cross-border e-commerce logistics demand in South China, the company will continue to increase the resource layout in South China markets such as Guangzhou and Shenzhen, increase investment capacity and enrich the aviation network. In terms of cost control, the trunk transportation cost accounts for a high proportion of the whole process cost of cross-border e-commerce. The company flexibly adjusts the structure of its own transportation capacity and external transportation capacity according to market changes and optimizes the trunk transportation cost.

  During the reporting period, cross-border e-commerce solutions realized the main business income of 1.904 billion yuan, up 73.25% year-on-year.

  2. Direct origin solution

  During the reporting period, the company registered and established a wholly-owned subsidiary, Fresh Port Company, as an independent legal entity operating the direct origin solution business. Since its official operation, Fresh Port Company has taken many measures simultaneously. On the basis of its long-term regular fresh flights such as Chengdu/Zhengzhou-Santiago de Chile, Ningbo-Los Angeles, Zhengzhou/Ningbo-Bangkok/Ho Chi Minh/Osaka/Seoul, Shanghai-new york and the "RCEP Fresh Express", around the two core product axes of "Renewable Animal Protein and Fruit and Vegetable Products", it has been established in Ningbo, Zhengzhou and Chengdu. In the future, the company will add services such as port operation service, temporary storage and temporary maintenance of fresh food, subcontracting and segmentation to the fresh food import industrial chain, and create a model of "one route, one industry, one ecological circle".

  In terms of lobster import in North America, by paying close attention to the stable operation of flights and the establishment of service system, the cooperative relationship with upstream suppliers and downstream customers has gradually stabilized, and the market share of lobster charter business in North America has steadily increased; In terms of South American salmon import, the San Diego-Chengdu salmon charter flight route was officially opened, and Zhengzhou destination was added after one month of operation. At the end of the reporting period, stable cooperative relations were established with several major salmon brands in Chile. In terms of fruit import in Southeast Asia, a fruit charter flight from Bangkok to Ningbo was opened, and a joint brand of Southeast Asian fruits was launched with Box Horse, and this model was replicated and extended to ports such as Beijing, Shenzhen and Chongqing, which effectively filled the fruit off-season business and realized the company’s fresh-keeping business. As for the import of cherries, the business model of sea-air combined transport was further upgraded, and the mode of "one-stop direct from the place of origin to Shangchao store" was jointly launched with leading enterprises in the industry to improve the quality of cherries by sea.

  During the reporting period, the main business income of the direct origin solution was 714 million yuan, up 146.21% year-on-year.

  3. Customized logistics solutions

  The company actively explores customers in different sub-sectors. In the high-tech industry, we continue to provide aviation logistics solutions for precision instruments and products for semiconductor enterprises, with routes covering Europe, America and Asia-Pacific. With the strengthening of overseas terminal capabilities, we will gradually provide customers with "door-to-door" services. In terms of aviation equipment, we have carried out in-depth cooperation with important strategic customers such as aircraft manufacturers, aviation companies and aviation equipment factories to provide customers with efficient, safe and high-quality aviation material supply chain services, and actively build the customs supervision warehouse into a business drainage platform, expanding the service chain from the storage section to the whole process of imported supply chain services. In the special goods industry, we strengthened cooperation with the head enterprises in the dangerous goods industry, jointly explored the dangerous goods market, coordinated visual operation with cargo terminals, and expanded the business of precious goods and live animals.

  The company enhances customer experience and satisfaction by strengthening the construction of online sales platform, strengthening self-built products and enhancing service capabilities. In terms of online sales platform construction, during the reporting period, the online sales platform "Orange Swallow" independently developed by the company was officially launched. At the same time, the company established close cooperation relations with many platforms at home and abroad, made good platform drainage, and reached cooperation agreements with Freightos, the world’s leading freight booking and payment company, and Cargo One, a German online air freight booking platform. Through digital docking, online inquiry and booking services for overseas customers were realized, and online products were docked with where to go and the cabin network. In terms of self-built products and service capabilities, according to the actual needs of different customers, port-to-port products and end-to-end products are launched. First, through product standardization and sinking channels, services are closer to the owner group; Second, on the basis of standardizing port-to-port products, we can meet customer needs to the greatest extent by grafting the capabilities of logistics services at both ends.

  During the reporting period, due to the weakening of market demand, customized logistics solutions realized the main business income of 162 million yuan, down 51.79% year-on-year.

Third, risk factors

  1. Industry and market risks

  (1) Macroeconomic fluctuation risk

  The aviation logistics industry in which the company is located has a strong positive correlation with the macroeconomic growth rate, and is also closely related to the industry where downstream customers are located, their growth rate and changes in industrial structure. Therefore, the change of the above factors will affect the total service of the aviation logistics industry and then affect the operating performance of the companies in the industry. In the period of economic expansion, the demand for cargo transportation increases and the aviation logistics industry prospers; On the contrary, when the economy is in a period of austerity, the demand for cargo transportation decreases and the aviation logistics industry is weak. During the reporting period, due to the weakening of overseas demand and other factors, the air freight rate dropped sharply, and the future freight rate trend is still uncertain. To sum up, macroeconomic fluctuations will have different degrees of impact on the whole social and economic activities, and then have a certain impact on the overall development of China’s aviation logistics industry and the company’s future business growth.

  (2) the risk of international trade friction

  The company’s aviation logistics service business covers a wide range of end customers, carries a variety of goods, and accounts for a relatively high income from cross-border logistics services, which is closely related to the changes in international trade policies as a whole. At present, the international political and economic situation is complicated, the overall growth of the world economy is weak, the spillover effect of policy contraction in major developed economies appears, there are many unstable and uncertain factors, the development of global trade pattern presents certain uncertainty, and the trade friction and confrontation among major economies intensifies. The import and export tariff measures, technical trade measures, import and export restrictions and other measures adopted by countries in the trade friction will affect the trade pattern, trade mode and total trade volume, which will lead to the reduction of import and export transportation demand of commodities, and then indirectly affect the company’s operating performance by affecting the transportation demand of company customers.

  (3) Market competition risk

  With the vigorous development of China’s logistics market, international logistics companies have entered the China market. With advanced logistics management concepts, global logistics networks, strong financial strength and good industry reputation, international logistics companies have become strong competitors of local logistics companies in China. On the one hand, the main participants in the company’s industry also include other enterprises engaged in aviation logistics business in the civil aviation market, such as Air China and China Southern Logistics. In recent years, shipping companies, express delivery companies and e-commerce platform companies have also entered the aviation logistics industry one after another, and the market competition is fierce; On the other hand, railway transportation, highway transportation and waterway transportation have certain substitutability for air transportation. Compared with other modes of transportation, air transportation has the advantages of quickness, efficiency and safety, but the appearance or improvement of other modes of transportation will have a certain substitutive impact on the market demand of air logistics to some extent. In the future, if the company can’t take active and effective measures to deal with market competition, it will face the potential risk of declining market share and operating performance.

  (4) The risk of jet fuel price fluctuation

  Aviation fuel cost is one of the important cost items of aviation logistics companies, and the fluctuation of aviation fuel price is an important factor affecting the profit level of aviation logistics companies. In recent years, influenced by many factors, such as the development of the world economy and the fluctuation of RMB exchange rate, the international crude oil price has experienced great fluctuations, and the jet fuel price has also changed greatly. With the increasingly complicated international economic and political situation, the future trend of jet fuel price is still uncertain. Although the company has taken measures such as adjusting the fleet structure, optimizing the route and alternate field, carrying oil economically, and reasonably controlling the extra fuel quantity to reduce the unit fuel consumption and control the fuel cost, and at the same time, it can alleviate the rising pressure of fuel cost by levying fuel surcharge, but if the aviation fuel price fluctuates greatly in the future, the company’s operating performance may still be affected to some extent.

  Assuming that the adjustment of fuel surcharge is not considered and other factors remain unchanged, based on the actual aviation fuel consumption of the company in the first half of 2023, if the average purchase price of aviation fuel increases or decreases by 100 yuan/ton, the aviation fuel cost of the company will increase or decrease by about RMB 25.63 million.

  (5) Risk of exchange rate fluctuation

  The company’s air express and integrated logistics solution business involves foreign currency settlement. In the case of RMB exchange rate fluctuation, the conversion of assets and liabilities settled in foreign currency will generate exchange gains and losses, which will have a certain impact on the company’s operating performance. In addition, the company’s purchase cost of aircraft and aviation materials will also be affected by exchange rate fluctuations. Recently, the foreign exchange market continues to fluctuate. If the RMB exchange rate fluctuates greatly in the future, the company will face certain exchange rate risks.

  Assuming that other factors remain the same, for example, every 100 basis points increase or decrease in the exchange rate of RMB against the US dollar will result in a decrease or increase in the company’s shareholders’ equity on June 30, 2023 and its net profit in the first half of 2023 by about RMB 3.88 million.

  2. Operational risks

  (1) Risks brought by changing market demand

  China’s economic development and the gradual improvement of people’s consumption and living standards have determined that the demand for aviation logistics services in the terminal market is increasing. The diversified needs of customers put forward higher requirements for timeliness, convenience and safety of cargo transportation, as well as further improving the company’s professional service level and providing differentiated services. The company pays close attention to the changes of market demand and customer demand, and improves the ability to serve customers. If the company fails to adjust its business strategy in time according to the changes of customer demand and improve the level of service specialization and differentiation, it may face the risk of failing to meet the market demand and causing the loss of customers.

  (2) Management risks caused by business expansion

  By integrating the ever-increasing resources of all-cargo plane, Skynet in belly cabin and ground cargo terminal, the company builds an express platform integrating heaven and earth, launches direct and transit products covering major cities at home and abroad, and at the same time, strives to develop comprehensive logistics solutions such as cross-border e-commerce solutions, direct origin solutions, customized logistics solutions, and supply chain of peer projects, so as to provide customers with customized and efficient high-end logistics "China Eastern Airlines Scheme". In the future, there may be staged management risks due to factors such as the rapid expansion of transportation capacity and the mismatch of key technical talents in the short term. In this regard, the company will strengthen the layout and investment in key technical personnel, operation management and information construction to meet the needs of business development.

  (3) the risk of insufficient information, intelligent construction and innovation ability

  In recent years, with the strong support of national policies, the logistics industry has continuously promoted the process of informationization and intelligence construction. Modern information technology and new smart equipment are widely used, and the quality, efficiency and power changes of modern industrial system are further promoted, which not only injects new vitality into the innovation and development of logistics, but also requires speeding up the digitalization, networking and intelligent empowerment of modern logistics, and creating a new smart logistics model with high technology content and strong innovation ability. In the future, the company will continue to conform to the development trend of the industry and increase the investment in logistics informatization and intelligent construction to meet the needs of logistics informatization and intelligent development. At present, the company takes the empowerment of science and technology as an important strategic foothold, and relies on digital and intelligent transformation to promote cost reduction and efficiency improvement. After years of innovative research and development accumulation and upgrading of existing systems, it has gradually established an information and intelligent system that can meet the needs of daily operations, effectively supporting the efficient development of the company’s core business of air express, ground integrated services and integrated logistics solutions. If the company’s future investment in informatization and intelligent construction is insufficient and its innovation ability is insufficient, it will not be able to effectively enhance its core competitiveness and may face the risk of declining customer service ability.

  (4) Compliance risk of overseas business operation

  In order to meet the needs of further improving circulation efficiency and extending aviation logistics chain, the company has set up branches overseas to engage in aviation logistics-related business, and overseas branches must abide by the laws and regulations of the country or region where they operate transnational logistics business. The company has established a perfect compliance management system in accordance with relevant laws and regulations to strictly control the compliance risks of overseas business operations. However, the characteristics of cross-border logistics determine the possibility and risk that logistics enterprises will inevitably be investigated by relevant departments of overseas countries or regions on business compliance (including but not limited to trade control, commercial bribery, anti-monopoly, data protection, etc.) in the process of engaging in logistics services abroad. In the future, if the company is investigated by local judicial or law enforcement agencies due to business compliance problems, and even administrative penalties and lawsuits are triggered, it will adversely affect the company’s overseas business operations.

  (5) Aviation safety risks

  Ensuring aviation safety is the basis and bottom line for the survival and development of aviation logistics companies, and it is also a prerequisite for providing customers with high-quality professional and convenient services and gaining a good market reputation. The systematicness, integrity and complexity of aviation safety are much higher than those of other logistics industries. If there is an unsafe flight event, it will have a negative impact on the company’s business and operating performance.

  In terms of safety management, the company strictly implements rules and regulations and operating standards, formulates safety management work plans, implements the responsibility system for safety production, strengthens the investigation and management of potential safety hazards, improves the safety risk prevention and control system, and strengthens safety management and control capabilities.

  3. Other Force Majeure and Unforeseen Risks

  The aviation logistics industry is greatly influenced by the external environment, and natural disasters, sudden public health incidents, wars and other force majeure or unpredictable risk factors will have a certain impact on the market demand and the company’s production and operation.

Iv. analysis of core competitiveness during the reporting period

  (1) Covering the routes and ground service networks of major hubs at home and abroad, the combination advantage of "Skynet+Ground Network" is obvious.

  After years of development and layout, the company has built a unique "Skynet+Ground Network" global aviation logistics network, which serves as a traffic portal and an important support, providing continuous empowerment for the company’s cross-border e-commerce solutions, direct origin solutions, customized logistics solutions and other businesses, and laying a unique resource endowment for the company to build the most innovative aviation logistics service provider.

  1.skynet

  With international hubs and regional hub airports as fulcrums, the company has built a high-connectivity, wide coverage and super-convenient domestic-international airline network, with Shanghai as the core hub and Guangzhou-Shenzhen as the important layout, and gradually formed a pattern of operation in East China and South China, creating an efficient international airline network structure and a comprehensive Skynet system with Europe and the United States as the mainstay and Asia-Pacific as the supplement.

  (1) All-cargo international air network: By the end of the reporting period, the company had 17 all-cargo aircraft, all of which were used to fly to Europe, America, Southeast Asia, Northeast Asia and other international and regional routes.

  (2) Global Airline Network of Passenger Aircraft: The company exclusively operates the cargo business of nearly 800 passenger aircraft of China Eastern Airlines, and the domestic airline network reaches all provincial capitals and important cities, covering national urban agglomerations such as Beijing-Tianjin-Hebei, Pearl River Delta, Chengdu-Chongqing, the middle and lower reaches of the Yangtze River and Guanzhong Plain; Relying on SkyTeam network, code sharing and SPA agreement, International Airlines has reached 1,088 destinations in 184 countries and regions around the world.

  (3) Cross-border fresh food fast supply chain air network: The company’s origin direct solution business has long operated a number of regular fresh food flights and "RCEP Fresh Food Express" such as Chengdu/Zhengzhou-Santiago de Chile, Ningbo-Los Angeles, Zhengzhou/Ningbo-Bangkok/Ho Chi Minh/Osaka/Seoul and Shanghai-new york, and gradually built a "two-axis and four-wings" covering all major economic belts in China and connecting North America, Central and South America, ASEAN, Japan and South Korea. At the same time, the direct delivery of origin constantly updates the development concept and innovative product model, quickly captures the market changes, fully taps the capacity resources of refrigerated dry bulk carriers, and introduces the solutions of "sea-air combined transport" and "direct shipping from factories to customers’ stores" for South American cherries to ensure the stability of the import supply chain.

  2. Ground net

  In addition to the powerful Skynet resources, the company has a broad comprehensive network of ground services nationwide, and has built a comprehensive ground service system of "cargo terminal operation+warehousing+distribution", forming a unique logistics service model in the industry.

  (1) Hub airport cargo terminal: The cargo terminal is an important node of the air logistics transportation network, which is responsible for collecting and temporarily storing goods. At the end of the reporting period, the company had 17 self-operated cargo terminals, covering the domestic core air cargo hub area with high network value and radiation-driven effect.

  (2) Airport Logistics Industrial Park: On the basis of the existing cargo terminal network, the company actively promotes the layout of airport storage park resources outside the airport red line and the construction of operation and service capacity of airport logistics industrial park. The northwest airport industrial park project of China Eastern Airlines Logistics at Xi ‘an Xianyang Airport has been completed and put into operation, forming a complementary linkage effect with the cargo terminal network, and strengthening the cargo flow entrance attribute of node resources. At the same time, the company has further enriched the format and customer base of the airport logistics industrial park through the establishment and operation of the fresh port company.

  (3) Multimodal transport: By strengthening the development cooperation with () airport cargo terminal and airport logistics industrial park, as well as the strategic cooperation with China Railway Express in air-rail intermodal products, air-rail intermodal station construction and other aspects, the company cultivates the intelligent terminal operation solution capability of aviation logistics, promotes the gathering of aviation logistics customer resources to aviation logistics hubs, accelerates the connection with high-quality railway freight resources such as high-speed rail express, China-Europe trains, luggage express and intermodal stations, and further strengthens the integrated logistics service of airport and ground.

  (4) Overseas network: Based on the long-term internationalization strategy and business layout, the company has 17 overseas branches in the United States, Germany, France, the Netherlands, South Korea, Japan, Singapore, Thailand, Hong Kong, China, Taiwan, China and other countries and regions, forming an overseas marketing agency, operation site and ground agency network system covering key countries and cities in North America, Western Europe, Southeast Asia and Northeast Asia. Focusing on the new development pattern of serving domestic and international double cycles,

  (B) Unique and scarce aviation logistics core resources, with significant competition barriers.

  The company has accumulated abundant core resources of aviation logistics, with strong barriers to all-cargo key international routes, wide coverage of the global navigation network of passenger aircraft belly cabins, and strong scarce core hub airport cargo terminal resources, which has realized the blocking of key resources and formed a significant industry competition barrier.

  1. Time resources of air rights

  China Cargo Airlines, a subsidiary of the company, was established in 1998. It is the first professional cargo airline specializing in air cargo and mail business in China. After more than 20 years of professional operation and deep market cultivation, it has acquired and possessed abundant air rights resources. During the reporting period, the company has 17 all-cargo scheduled flights from Shanghai, Shenzhen to Amsterdam/Frankfurt/Zaragoza/Los Angeles/London/Anchorage/Seattle/Chicago/new york/Tokyo/Osaka/Seoul/Singapore/Bangkok and other international freight hubs. In addition, the company exclusively manages the freight business of nearly 800 passenger planes of China Eastern Airlines, and has high-quality air rights time resources covering all domestic provincial capitals, important cities and important international destinations.

  2. Cargo terminals and storage resources

  The company’s self-operated cargo terminals are all located in the red line of the airport, and there are strict restrictions on qualification examination, business license access, business site and other conditions. The cargo terminal resources of the core hub airport and the airport logistics storage facilities are irreplaceable and scarce, which constitutes the core competitive barrier of the company’s comprehensive ground service. The company has a cargo terminal operating site and storage area of 1.5 million square meters, of which Shanghai, as the third largest air cargo hub in the world, has obvious resource advantages, with 6 cargo terminals near the apron and 1 freight transfer station with an area of 1.25 million square meters, and it is also one of the only two enterprises in Pudong Airport that operate a centralized supervision warehouse for cross-border e-commerce. In the first half of this year, the company handled 1,020,700 tons of cargo and mail at Shanghai Pudong Airport and Hongqiao Airport, accounting for 58.36% of the cargo and mail handling capacity of the two major airports in Shanghai.

  (C) "China EAL" brand effect, with industry-leading operation and management system.

  1. With high-quality customer resources, the brand effect of "China EAL" is highlighted.

  Since its establishment, with its unique and scarce resource advantages, customer value-oriented service standards, and stable and controllable industrial chain service capabilities, the company has accumulated a good reputation and created the "China EAL" brand, which has been highly recognized by customers and the industry, and its brand effect has been highlighted. The company’s customer coverage is constantly expanding, and it has accumulated high-quality, stable and diversified customer resources, including but not limited to Apple, Samsung, Intel, Roche Diagnostics, Thermo Fisher Scientific, Honeywell, Inditex, Newland, Unilever, Sinopharm, Siemens, Wish, China Post, Zongteng, Sifang, Baiguoyuan and Xianfeng Fruit.

  In terms of air express, the customer base not only includes domestic and foreign large and medium-sized enterprise customers, freight forwarding companies, professional logistics companies, etc., but also has established business cooperation relations with cross-border e-commerce platforms and cross-border e-commerce logistics enterprises. In terms of ground comprehensive services, the company provides air cargo and mail ground agency services for many domestic and foreign airline customers and freight forwarder customers, and has accumulated many high-tech industrial customers by cooperating with the administrative committees and customs of Shanghai () Bonded Zone, Shanghai () Technology Park, Suzhou Industrial Park and other places to explore regional and port linkages. In terms of integrated logistics solutions, the company has been deeply involved in sub-sectors such as cross-border e-commerce, direct origin and customized logistics solutions, and is committed to providing customers with one-stop integrated logistics solutions. At present, it has covered a stable customer base in sub-sectors such as fresh food supermarkets, cross-border e-commerce, high technology, consumer goods, biomedicine and aviation equipment.

  2. It has an industry-leading quality control system and operation qualification certification.

  The safety management system of aviation logistics industry has strict requirements, extremely high quality standards and complex and rigorous processes. The company has an industry-leading quality management system, strict quality control standards and effective quality control measures, and insists on providing quality services to customers. China Cargo Airlines, a subsidiary of China Cargo Airlines, is the first professional cargo aviation enterprise engaged in air cargo and mail services in China, and has accumulated rich quality control experience and reputation for safe operation for more than 20 years. The company has established a quality control system covering the whole logistics service link, always adhering to high standards, providing customers with high-quality aviation logistics services, adhering to PDCA cycle (four stages of quality management, namely, plan, execution (do), inspection and treatment (act)) as the basic elements, promoting the continuous improvement of the company’s service quality, and at the same time building a perfect operational safety management and control system to ensure the company’s sustained high-level safety.

  The company has obtained a number of operational qualification certifications. In terms of air express transportation, the company has passed the IATA Operational Safety Audit (IOSA) of the International Air Transport Association, and has been a registered operator of professional air cargo IOSA for more than ten years, and its safety management system (SMS) has passed the supplementary operation qualification examination of the Civil Aviation Administration of China; In terms of ground integrated services, the company has obtained Lloyd’s ISO9001:2015 quality system certification and GB/T19001-2016 management system certification; Obtained the certification of IATA Independent Medical Logistics Verification Center (CEIV Pharma). The company’s drug cargo handling procedures strictly follow the World Health Organization (WHO) GDP(Good Distribution Practices) guidelines, and have obtained the GDP management system certification. It is a rare cold chain service guarantee enterprise in China that can provide airport ground operation and warehousing management for high value-added temperature-controlled goods such as drugs and fresh goods.

  (IV) Actively promote the digital and intelligent transformation of the company and build a new infrastructure with core competitiveness.

  The company takes technology empowerment as an important strategic foothold. Relying on digital and intelligent transformation to promote cost reduction and efficiency improvement, and combining cutting-edge technologies such as industrial Internet, logistics robots, big data, cloud computing and artificial intelligence with the company’s business scenarios; Combine business and management lines with scientific and technological innovation, informationization and intelligent upgrade, realize informationization of business layer, intelligence of operation layer, coordination of management layer and intelligence of decision-making layer, and drive the high-quality development of the company’s business.

  By the end of the reporting period, the company had built and promoted the operation of EOS new cargo terminal business system, switched all foreign flights, and built an industry-leading ground business platform for smart cargo terminals. Upgrade the on-line flight operation control FOC system to better ensure flight operation safety; Build an operation data center project, integrate operation data and unify data standards, and build a freight data center; Construction of freight security inspection information system, covering 24 security inspection channels in Hongqiao and Pudong, realizing security inspection equipment networking and security inspection process full information; Promote logistics online sales platform, build logistics "Orange Swallow" brand, and provide customers with "one-stop" logistics solutions; Online cross-border e-commerce order management system, docking cross-border e-commerce business, to meet the needs of high concurrency of transformation business. In the field of intellectual property rights, during the reporting period, the company obtained 14 pieces of computer software copyrights and applied for 4 patents, which effectively protected the company’s core technical property rights, promoted scientific and technological innovation, and enhanced the company’s core competitiveness and brand influence.

Notice on adjusting the handling methods of some patent businesses

In order to further improve the quality and efficiency of patent examination and provide efficient and convenient examination services for the public, China National Intellectual Property Administration decided to adjust the handling methods and examination rules of some patent businesses, as follows:

1. About the situation that the agency should be entrusted.

From January 11, 2023, foreigners, foreign enterprises or other foreign organizations that have no habitual residence or business office in the mainland of China should entrust a patent agency to apply for a patent alone or as a representative. Without authorization, it will not be accepted.

Individuals, enterprises or other organizations in Hongkong, Macau or Taiwan Province that have no habitual residence or business office in China Mainland shall entrust a patent agency to apply for a patent alone or as a representative. If a patent agency is not entrusted, it will not be accepted.

2. Submission methods for administrative reconsideration of patent business

From January 11, 2023, the parties (including the applicant for administrative reconsideration and the third party) can submit the application for administrative reconsideration and various documents in electronic form. The applicant for administrative reconsideration can submit an application for administrative reconsideration through the "formalities" module of the patent business handling system, and the applicant for administrative reconsideration and the third party can submit an opinion statement (about administrative reconsideration) and other documents through the "opinion statement correction" module of the patent business handling system.

3. On the submission method of invoking the declaration of accession when the PCT international application enters the national phase in China.

Since January 11, 2023, if the PCT international application contains items or parts that have been cited for joining in the international phase, the applicant shall submit a statement of opinions when going through the formalities of entering the national phase by electronic means. The statement of opinions shall state:

(1) Whether the Chinese translation submitted contains the cited items or parts;

(2) If the application date of China is requested to be revised, the position of the cited entry or part in the specification (page number), the claim (item number) and the appended drawings (page number) and the time when the international phase submitted the cited entry shall be stated.

If the applicant does not request to modify the application date relative to China when going through the formalities for entering the national phase, the project or part cited shall not be retained in the subsequent procedures by requesting to modify the application date relative to China.

4. About online payment methods

From January 26, 2023, when the parties handle online payment, they can use bank cards, WeChat, Alipay or corporate accounts to pay the fees without paying the handling fee.

5. Seal of notices and decisions in the form of electronic documents

Since January 26th, 2023, the notices and decisions in the form of electronic documents issued by China National Intellectual Property Administration have electronic seals, and electronic signature service is no longer provided.

I hereby inform you.

China National Intellectual Property Administration

December 7, 2022

No one can understand all the little question marks in Tenet’s article that answer you.

Tenet poster

Tenet poster

August 22nd was the earliest time for the release of comments in Tenet media field, when almost all comments at home and abroad were surprisingly consistent — — "No, look, understand!" Today, this movie is officially released in China, and it’s time to challenge everyone’s IQ.

There is absolutely no shame in not understanding Tenet.

Nolan doesn’t intend to let the audience understand it once unless you have done your spoiler homework in advance. First of all, the concepts in this film are very advanced, involving inverse entropy, time reversal, time-pincer movement, grandfather paradox, etc. Secondly, the plot developed from this is multi-line and loop narrative, with seamless conversion of positive and negative perspectives of different characters, and some plots are left blank, which need to be supplemented by their own brains.

In addition, some important information in the film is post-positioned. First, shoot the event process, and then remind you what is going on in a line of a certain character, so it is difficult to put the information puzzle together for the first time. If you are distracted for a few seconds during the movie, you may not be able to connect the story before and after.

If someone claims to understand it once, you can try two brushes and three brushes — — You will find that the more you look at it, the more problems you have. This is a movie with a clear overall story, but the details of brain burning can be infinitely memorable. The author has brushed it three times, and I dare not say that I have completely understood this work.

Someone asked, is Tenet a spiritual sequel to Inception?

Yes, not really. You can simply say that Tenet is Memento+Fatal Magic+Inception+Interstellar, and Nolan didn’t take over 007, which is an overwhelming game of time and space and a human adventure to pass on the firewood.

Today, with the development of film for more than one hundred years and the maturity of genre narration, it is a good director’s "creed" and a blessing for fans to have a director like Nolan who persistently sticks to film shooting and tirelessly innovates in narrative methods, and firmly occupies a place in the commercial kingdom with a distinctive author label.

After watching Tenet, it’s normal not to worry about "100,000 whys" popping up on your head. Today, we will answer your questions one by one.

The previous part can be understood before watching the film, and it doesn’t involve the core doubt — —

[How to understand the title of TENET? ]

First of all, this title has a lot of room for interpretation. As for Chinese translation, Hong Kong and Taiwan are called Tianneng, and a combination point is found between transliteration and free translation. It is said that the mainland publisher once wanted to call it "Time and Space Chasing", which is more in line with the traditional four-character title of the market and briefly summarizes the content of the story, but it always feels a bit too straightforward.

Finally, the mainland film was called TENET, and the original English name was Tenet, which I personally agree with.

Expand the brain hole, and this title can have the following meanings:

1, is the name of the mysterious organization in the film;

2. Tenet is a palindrome, similar to level, and it is the same in both forward and backward writing, suggesting that this film is related to reversal. This word once appeared on a square of Seto in the ancient city of Pompeii, and several words on the stone tablet also formed the backbone of this film, which will be expanded later;

Tenet Taiwan poster

Tenet Taiwan poster

3. Look at this palindrome again. Does it look like everyone looks in the mirror before entering the gate? Especially when the last t is printed backwards.

Four or ten minutes is the duration of two key tasks in the film — — The man and Pattinson met for the first time, and the request was that they only needed to meet the Indian arms dealer for ten minutes; In the last ruins war scene, the fighting time of the red and blue teams is also ten minutes, and they are divided into the positive team and the negative team, "ten-net" is tenet;;

5. When the structure of the whole movie is taken apart, it is actually like the five plates represented by the five letters T-E-N-E-T — — The protagonist and his party first rescued the hostages at the National Grand Theatre in Kiev, Ukraine, then went to the Freeport in Oslo to destroy the paintings, and then hijacked the car and confronted the warehouse in Tallinn.

Then they crossed back and went back to Oslo to save the heroine. Finally, the heroine and the heroine split up and went back. One went to the ruins to dismantle the algorithm, and the other went back to Vietnam to stall the villain. The date was the same as the earliest grand theater play.

Tenet timeline made by French fans, translated by@torovandarko. In fact, it is easier to get dizzy when drawing a timeline, so it is enough to understand it as a V-shaped story.

Tenet timeline made by French fans, translated by@torovandarko. In fact, it is easier to get dizzy when drawing a timeline, so it is enough to understand it as a V-shaped story.

6, the black man has no name, and he seems to be the embodiment of the "creed" — — He would rather kill himself than betray his teammates, and refused to take women and children as hostages. Only when he assassinated an arms dealer would he not feel guilty. He repeatedly confirmed that there would be no casualties when the plane crashed into the building, risking his life to save the theater audience and hostess in danger, and he had no wild thoughts about the beautiful hostess … …

He is a special agent in a thousand, a warrior who shoulders the hope of all mankind, and a man with pure morality and noble behavior like a mythical hero. He is the best interpretation of the word "creed".

Tenet male host, played by John David Washington

Tenet male host, played by John David Washington

[What core concepts do you need to understand to watch this movie? ]

At the end of Tenet’s credits list, Kip Thorne, the great god of contemporary physics, once advised Nolan’s last film, Interstellar. It is unknown what concepts he contributed in Tenet. Anyway, Nolan’s new film continues to be at the forefront of physics theory.

Look at Tenet, we need to "understand" the concepts are:

1, entropy. The word originated from thermodynamics, and Professor Hu Gangfu skillfully added a fire word next to "entropy" in his free translation, which was roughly used to describe the change of the internal nature of a system.

Later, the word was extended to many fields, such as astrophysics, life science, probability theory, cybernetics, and even economics and sociology. "Increasing entropy" is a spontaneous process from order to disorder. To put it bluntly, your room is getting more and more messy, that is, the "entropy" is getting bigger and bigger.

According to the laws of thermodynamics, heat is always transferred from a high-temperature object to a low-temperature object. For example, if you put an ice cube next to a candle, it will melt soon. Energy has a direction of motion, and the energy flow between them is determined by the entropy of two objects.

With the development of quantum mechanics, scientists have found the phenomenon of reverse flow in quantum experiments. It is assumed that the process of entropy increase and decrease is reversible through certain technical means. In the movie, an unknown female scientist in the future ("Oppenheimer in the future") invented a technology that can reverse the entropy of objects, so that some objects and people can be "reversed". The bullet can shoot backwards, and the explosion will freeze.

Tenet poster

Tenet poster

2. Time-pincer movement, also known as time attack, means that one group of people advance according to normal time, and another group of people reverse back from the future, telling people in the past what will happen in the future, so that people in the past can gain more experience. In the film, the villain Sator was one step ahead everywhere, which once made the man wonder if there was a traitor in the team, all because the villain mastered the means of time attack. Finally, the red team and the blue team also used this method.

Tenet timeline and source watermark under time-pincer motion.

Tenet timeline and source watermark under time-pincer motion.

3. Grandfather Paradox, also called Grandmother Paradox, was put forward by French science fiction writer René Barjavel in the 1940s. That is, if you travel back in time and kill your grandfather, how were you born? How can you kill him without you? This paradox has no conclusion, and it is a problem-free problem similar to chicken laying eggs and laying chickens.

In the film, the man asks Pattinson a question for the audience: If people in the future want to destroy the present human beings, then they will be gone, too. We are still here, does it mean that we have succeeded in saving the world? Pattinson’s answer is: My idea is not important, they (future people) think it is right to do so; Theoretically, we will succeed, but the relationship between multiple realities and consciousness is not clear to us.

Nolan and Tenet are on the set.

Nolan and Tenet are on the set.

4, fortunately, this movie has not involved parallel time and space, otherwise it would be even more dizzy. But at the same time, even in the same place, it is reasonable to have multiple same characters in this film. For example, three male lords appeared at the revolving door in Oslo, and the positive and negative ones were sent to both sides of the revolving door in Tallinn. The female lords who crossed back to Vietnam almost ran into themselves at that time, and finally there were two villains and two Pattinson.

How long the "doppelganger" can exist is not explained in the film, but they will eventually return to the normal timeline, which is their "fate". What would happen if one died? The film didn’t show the result.

Another law is that you can’t meet yourself, otherwise the positive and negative particles will disappear when they meet. The solution is not difficult, just wear a suit like the man who went back to Oslo.

5. Finally, we must adapt to the transformation of positive and negative perspectives, so that two key scenes, carjacking and ruins war, can be understood. The protagonist turns into a reverse, and he sees that the whole world is reverse, which is a subjective perspective, but in fact only he himself is reverse; For the reverse person, what happens first should be done last, just want to understand this.

Tenet tidbits, Nolan on the set.

Tenet tidbits, Nolan on the set.

[What are the meanings of the names and places in the film? ]

The names and places in Tenet are not taken casually, and they all have deep meanings.

First of all, let’s look at a piece of The Sator Square unearthed from the ancient city of Pompeii, which is located in the first century AD:

What is written on this slate is a Latin palindrome poem, the general idea of which is about the rotation of the wheel of time, and several words themselves are also positive and negative. The stone tablet of Seto is regarded as the originator of crossword puzzles.

Nolan’s writing of Tenet’s plays not only draws lessons from his palindrome structure, but also several key words should come from this slate — —

Sator, the surname of the villain Andrei Sator, may be given to the Soviet boy in the future;

Arepo is the surname of Thomas Arepo, a fake painter;

Tenet, creed organization;

Opera, referring to the engagement of the opera house, is also a secret language for the male master to lure the villains to meet;

Tenet tidbits, Nolan and the male host in the opera scene.

Tenet tidbits, Nolan and the male host in the opera scene.

Rotas, rotation; It is also the name of Oslo Freeport Construction Company. The confrontation between Rotas and Sator seems to imply that the establishment of this company is related to villains.

The film also pays tribute to the ancient city of Pompeii, where the woman has always wanted to accompany her son to play.

Look at the role name again. The man, Anonymous, conforms to the background of an agent and seems to indicate his extraordinary status in the future;

Kat, short for Katherine, comes from old English, which means innocence and purity, and conforms to the angelic image of Derbyshire;

Tenet hostess, played by elizabeth debicki.

Tenet hostess, played by elizabeth debicki.

Neil, played by Pattinson, the second male student, originated from Irish Christian name and Gaelic, meaning winner, and entrusted his crossing mission;

The villain Sator, some people say, comes from the Latin meaning of seeder and creator.

Tenet villain, played by kenneth branagh.

Tenet villain, played by kenneth branagh.

Max, the son of the hostess, symbolizes the biggest and most important thing. The hostess always puts her son in the first place. Even the first reaction when she hears that the world is going to be destroyed is "Then my son is gone".

Priya, a female arms dealer, is a common name in India, so it may be an alias.

The choice of geographical location, Oslo means "the land of God" and "the valley of God", is the place where the villain’s secret career (claiming to be a god) is located. The choice of Kiev, Tallinn and Siberia also accords with the plot time. As for your unique complex about Vietnam, you may have to ask Nolan.

Tenet stills

Tenet stills

[Spoiler Tip]

Next, there is the part that involves details spoilers.

Readers who haven’t seen the film can consider reading it first — —

[Who hit who at the opening of the opera house? ]

As soon as the film came out, it was an opera house scuffle, and many viewers still didn’t understand who was hitting who and what the goal was … …

This scene is about the protagonist and his party who were mixed into the Ukrainian special police force during the CIA agent period, with the aim of saving American diplomats and protecting the package (plutonium element). When the Ukrainian SWAT team exchanged fire with terrorists (in fact, it was the villain Sator, and both sides came to grab the package, regardless of the audience’s life and death), the male host covered the diplomat to the basement, let the diplomat and a teammate exchange clothes, and the diplomat fled. The male host and the agent wearing the diplomat’s clothes decided to return to the theater and dismantle the bomb to rescue the unconscious audience.

When the last bomb was dismantled, the man was caught by a Ukrainian special police officer (the epaulettes were temporarily attached). At the critical moment, a mysterious man saved the man’s life with a reverse bullet (it was finally confirmed that the mysterious man was Pattinson), and the man threw all the bombs at the second floor box at the last moment and escaped.

The moment when the man escaped from the theater with his spy teammates dressed as diplomats.

The moment when the man escaped from the theater with his spy teammates dressed as diplomats.

The man and the fake diplomat fell into the hands of Ukrainians, and under torture, the man still refused to betray the whereabouts of the diplomat and other teammates. The man tried to kill himself by swallowing a special capsule made by CIA. Unexpectedly, it was just a coma drug that could disguise his death. This action was also a test of his loyalty.

The man is nominally "dead" and his teammates have all died, so he can no longer work for the CIA. But his superiors told him that he would be faced with the important task of saving all mankind. At present, all he can tell him is the word "creed".

He needs to report to this "creed" organization after a period of anonymity in the offshore wind power company. The female researcher didn’t tell him any information, but only taught him about antimatter. The goal, method, teammates and leaders all need the male owner to find clues by himself.

Tenet tidbits photo

Tenet tidbits photo

[Goya’s painting is how to return a responsibility? ]

There are two identical Goya paintings in the film, both of which were made by the painter Arbor. One was because the woman was too close to Alber, and she bought it as a real painting, and then auctioned it to her own husband at a high price of $9 million. After the husband learned that it was a fake, he kept it in Oslo Freeport as a handle to threaten his wife, and also had an excuse to often go to Oslo Freeport (actually to the revolving door);

The other one was taken by the man from Sir crosby, played by michael caine, as a stepping stone to get close to the Sator. The man claimed to the woman that he got the painting from Alber, but the lie was soon debunked by the woman, because Alber’s leg was interrupted by Sator, and he couldn’t walk or make a phone call. But she had no choice but to cooperate with the man.

The woman examines the counterfeit Goya paintings brought by the man.

The woman examines the counterfeit Goya paintings brought by the man.

The man wanted to go to Oslo to help the woman destroy the first fake. Unexpectedly, he discovered the secret of the revolving door and was ambushed (only to know later that it was himself), so he had to retreat first. The villain has taken out the painting in advance through the ability of "predicting the future", and his wife’s fate is still firmly in his hand.

The man and pattinson play Neil in the art warehouse of Freeport, Oslo.

The man and pattinson play Neil in the art warehouse of Freeport, Oslo.

[Do you have to hit the building with a plane? ]

As we all know, Nolan basically doesn’t use special effects, and everything he says is a real shot. The scene where the plane crashed into the warehouse in the film was really destroyed by a plane and a bunch of cars (anyway, the budget of Nolan crew, a Credo organization, was enough), which was needed by the plot, not a spectacle.

Why use the plane to crash into the building? The key line is that airport security is not afraid of robbery, but of rising temperature. Therefore, it is necessary to make the whole building explode and catch fire, so as to distract the attention of all security guards at the airport, and let the "Pentagon security level" art warehouse automatically reset to the factory setting, release halogenated fire-fighting gas to scare off the warehouse staff, so that the male owner can pry open the doors of each warehouse one by one within the time limit of holding his breath and look for paintings and reverse weapons that may be kept here.

Tenet stills

Tenet stills

[What is the villain’s goal? ]

The villain Sator comes from Stalask-12, an industrial waste city in the Soviet Union. Because the disintegration of the Soviet Union was the most frequent historical period of underground trading of nuclear materials, Sator in his youth obtained guidance documents and start-up funds from "future people". Since then, he has been dealing with radioactive materials all his life (which may be why he suffered from pancreatic cancer), and for many years, he has been looking for nine scattered algorithm components in nine countries with nuclear weapons (the nuclear-weapon countries are wary of each other, so female scientists think it is safest to hide the algorithm components in the nuclear raw materials).

He was originally a Russian oligarch. After being expelled from Moscow, he settled in London. He claimed to start with natural gas. His actual business was selling plutonium and arms. The ultimate goal was to collect nine parts, activate the algorithm, reverse the entropy of the whole earth, and let all mankind be buried with him in the late stage of cancer.

The reason why "future people" want to destroy previous human beings is similar to that of Thanos, and it is also the exhaustion of resources and the rise of sea level … … Destruction is rebirth. Sator hypnotized himself and sealed himself as a "god".

Sator will always check the heart rate on his bracelet. Once he dies and his heart rate drops to zero, some distant monitor will start the algorithm and end the whole world.

Tenet tidbits, the heroine and the villain

Tenet tidbits, the heroine and the villain

So when and where will he choose to end his life? This information was pieced together by the man and the woman — —

The female speaker said that when they went to Vietnam for vacation, the villains disappeared for a while. After the villain came back, the conversation at sunset was the last moment of warmth for the couple, so it was speculated that Sator would choose to end his life at this time;

The male owner also confirmed this speculation. He heard from Jazz that on the day of the explosion of the Ukrainian Grand Theatre, the abandoned city of Stalask-12 in the Soviet Union was monitored for signs of nuclear detonation. On the whole, it should be that day (14 days ago).

(Pattinson also knows all the ins and outs, just pretending not to know in front of the man. )

Tenet male master and male second

Tenet male master and male second

[Why do some people wear breathing masks and others don’t? ]

The setting in the movie is that when you turn from forward to reverse, the direction of air flow in the lungs will also reverse, so you must wear a special breathing mask. This has also become the key symbol to distinguish between the characters in the whole film. But if you reverse it and then reverse it, you don’t need to wear it, or you don’t need to wear it in a specially modified container.

For example, in Tallinn’s car chase, the villain wearing a breathing mask is the reverse. He hijacked the positive female host, and after entering the blue room (reverse space) in front of the rotating door, the villain did not need to wear a mask, but gave the female host a mask. At this time, there are positive villains hiding in the isolation room of the red room next to them, ready to intercept the position information of plutonium in advance and complete the time attack.

The reverse man driving in Tallinn is wearing a breathing mask.

The reverse man driving in Tallinn is wearing a breathing mask.

[The hostess started early, why did she succeed in saving the world? ]

Traveling back to 14 days ago, the heroine of Vietnam "can’t play any more" and shot her husband in advance, but the world didn’t end. Why?

First of all, you don’t have to blame the female host’s brain impulse. At that time, the villain began to suspect that the female host had multiple "doppelgangers". The female host who came back through saw that she would soon bump into herself at that time, so she had to end the task ahead of schedule. She believes that the man will succeed.

Secondly, the female host is originally a "backup" (backup, alternative scheme). The first scheme is that the male host and Pattinson and other troops take out nine algorithm components in the ghost town, cut off the signal, and let the villain die alone without knowing it. Plan B is the female host to watch the villain, stall for time, and let him not commit suicide first.

However, according to the results, it seems that both schemes have been successfully implemented — — The villain should not be dead yet, tied to the back of the boat and floating on the sea, and learned that the plan to destroy the world failed. The vengeful wife made him experience the feeling that his next life was worse than death … …

The reverse villain in the blue room (reverse time and space) threatens the female host.

The reverse villain in the blue room (reverse time and space) threatens the female host.

The revolving door in Tallinn originally belonged to the villain, and then reinforcements led by Ives arrived and occupied it. The reverse bullet of the villain in the heroine’s body, because it follows the law of inverse entropy, will continue to deteriorate in positive space-time, so it can only be treated in reverse space-time.

So the protagonist decided to take the hostess and Pattinson to reverse, and was transported to Oslo airport a week ago in a container to find a chance to heal her.

Why did you choose Oslo airport a week ago? Because the revolving door in Tallinn was guarded by the rebel forces before, the man was definitely shot dead when he came back from the reversal, so he had to find another exit.

A week ago, Oslo was in chaos because of the plane crashing into the building, and it was left unattended, which just happened to turn back to the positive direction. In terms of time, the journey time from the tower to Oslo is enough for the hostess to recover.

It is also because you don’t need to wear a mask, so even the wily villain (he also crossed back at this time, and he is still in the Ukrainian theater in the normal timeline) didn’t find that the last female host crossed back for revenge.

Tenet tidbits, Nolan and the man wearing a mask.

Tenet tidbits, Nolan and the man wearing a mask.

[What happened to the last ruins war? ]

The last battle on the ruins of Stalask-12 is the most complicated scene in the whole film, with a positive red team, a negative blue team, a positive enemy, a negative enemy, Pattinson, who once secretly turned positive, and parallel editing with the Vietnam Holiday Branch. The actual date coincides with the Ukrainian Grand Theatre, and the perspective is changeable and the role is divided, making people dazzled and fascinated.

If in the first half of the film, the man often gave the audience a lecture on popular science, Nolan had completely ignored the audience’s ability to keep up and let go of the filming himself. This scene is really wonderful, and it successfully pulls the emotional climax.

The red and blue teams fought against each other for ten minutes. When the red team starts, the blue team ends, and the blue team’s combat experience can be shared with the red team. The blue team is responsible for clearing the obstacles, and the red team rushes to the vicinity of the underground explosion source to cover the secret squad (composed of the red team captain Ives and the male leader) to take out the algorithm, and at the same time create the illusion that the bomb has failed (the villain installed the bomb to bury the algorithm underground, and the countdown is a bomb).

When the red and blue teams counted down for five minutes, the two teams bombed a building at the same time, and the cover team took the opportunity to enter the underground tunnel.

From the perspective of Pattinson Neil, the blue team, he saw a Russian mercenary who was against him ambush explosives at the entrance of the tunnel. So he quickly found the revolving door and turned forward, driving a jeep, trying to catch up with Ives and the man to remind them that there was a trap, but he didn’t catch up with it after pressing the horn for a long time (this part was taken from the perspective of the red team in the movie, showing that the entrance was bombed first, so I might not understand this part the first time).

Tenet tidbits photo

Tenet tidbits photo

The man and Ives forgot to bury the exit, found the algorithm and the mercenaries guarding it, and saw a sacrificial teammate with copper coins on his backpack lying on the ground. The villain arranged cages and locks here in advance, but the man couldn’t get in and watched the bomb explode.

On the eve of the explosion, the teammates lying on the ground suddenly stood up, blocked the bullets shot by mercenaries for the man, and then helped them open the lock. The man took the algorithm, and his teammates turned and ran out of the tunnel, driving a jeep and pulling the man, Ives and the algorithm up with a thick rope. The task was successful.

From Pattinson’s point of view, the last step was positive. He first pulled them up with a rope, then turned back in the opposite direction with the revolving door again, went down and opened the lock, and finally stopped the gun for the protagonist to die.

Fired a reverse gun at the Ukrainian Grand Theatre, stopped the man from killing himself masked in the Oslo Freeport, brought reinforcements led by Ives in Tallinn to rescue the man and the woman, dragged the man out of the frozen explosion car, pulled the rope with a jeep in the ruins battlefield, and finally blocked the bullet for the man … … Pattinson saved the man’s life at least six times in secret, and he is the patron saint of the man.

Tenet male master and male second

Tenet male master and male second

[So Neil finally died? ]

Yes, he died in that tunnel forever because he blocked the gun and exploded for the protagonist.

Who said goodbye to the man at the end of the film? Neil was secretly turned into a positive and temporary state in the middle of the war.

Neil told the man that we met in my past and your future. In other words, Neil was recruited by the future man (the real leader of Credo) and sent to travel back to the past to guide the young man to complete the task of saving the world. The whole movie shows a huge Temporal Pincer Movement.

The man and Neil have actually known each other for many years in the future and are close comrades-in-arms and friends. There is a hint at the beginning of the film, that is, Neil knew from the first meeting that the male host likes to drink diet coke.

The man and Neil met for the first time at the Royal Yacht Club in Mumbai.

The man and Neil met for the first time at the Royal Yacht Club in Mumbai.

So Neil has always been an informed, needle-piercing helper. He is nominally a middleman, and the actual goal is to protect the safety of the male owner — — At the expense of yourself.

He also knew his ending for a long time. The man asked if this was fate. His answer is reality. The first half of the film actually discussed the paradox of "free will" and "destiny takes a hand".

Pattinson’s role is by no means a tool for soy sauce. Only by understanding this film can we understand how affectionate and righteous Nolan has given him. The last farewell scene is so sad. Some netizens said Neil was "the most heartbreaking angel man this year".

??— — Neil explained what "I am waiting for you at the end of time" with life.

There are still many viewers wondering how to understand "dead in the present, but friends in the future"?

You can’t understand the whole movie with the conventional concept of time. Neil is a future person, and the villain is also a future person, and both destruction and salvation happen in the past. Like Mobius ring, you need to try to think outside the linear thinking.

Group photo of four starring Tenet.

Group photo of four starring Tenet.

[Neil is actually the son of a grown-up woman? ]

Some netizens at home and abroad mentioned this brain hole. The author thinks that although Nolan didn’t express it, it makes sense.

First of all, the film seems to deliberately avoid shooting the front face of the little boy. From the side face, he is a blond child, much like Pattinson.

Secondly, some netizens think that Neil’s feelings for the hostess are very gentle and deep, especially when taking care of her in the critical period. This is not obvious;

The last age may be roughly right — — The man recruited Neil in the future, so Neil is likely to be a teenager and a boy now. Since the future man trusts Neil so much, it may be because he has known him since he was a child.

As for why Max changed his name to Neil, it’s not surprising. Shouldn’t the time-travel agent change his name?

[What does the last egg mean? ]

As mentioned earlier, the whole movie is actually a symmetrical loop structure, so the last scene where the man secretly protects the woman and her son and kills the Indian female arms dealer can actually be regarded as an egg.

In this scene, all the other characters are in a normal timeline (after the success of saving the world), while the man came back from a little later time. He gave the woman a phone call and told her to send a signal when she was in danger, but in fact, the man received the news through surveillance video in the future and then crossed back to stop the danger. When he shot an Indian woman, she didn’t give a signal.

The man knew that Priya was not a trustworthy person, and he knew that she would kill her, so he had long been eyeing her. At the beginning, she was educated to learn to look at the timeline in a different way. In the end, the man really ended her sinful life in this way.

In the first half of the film, the man and the Indian female arms dealer Priya

In the first half of the film, the man and the Indian female arms dealer Priya

[finally]

In fact, there are many interesting details in Tenet — —

For example, the logo of the opening title Warner and Nolan syncopy was dyed into one red and one blue, echoing the positive and negative directions in the film;

For example, Whitman’s poem "We live in a twilight world, and there are no friends at dusk" appears many times in the film, which not only implies the chaos of time and precious friendship, but also plays a twilight actor’s stalk;

For example, Nolan cooperated with a brand-new soundtrack, and the electronic music of visiting Freeport, Tallinn gun and drug depot and fire truck carjacking scenes was amazing. Someone has studied the soundtrack of this film and found that even the soundtrack has a clever loop structure design … …

More fun, waiting for fans to discover one by one.

Having explained so much, do you have a clearer understanding of Tenet? In fact, unless it’s structural/logical/detail control, it’s good to keep a state of incomprehension just like the male master.

Exactly the sentence: "Don’t try to understand it, feel it. Don’t try to understand it, just feel it. )

Tenet tidbits, Nolan and the male host are on the set.

Tenet tidbits, Nolan and the male host are on the set.

Individual businesses sell moon cakes in the name of "Mid-Autumn Festival gift box", and the National Development and Reform Commission: continue to strengthen market supervision.

Cctv newsAccording to the national development and reform commission’s WeChat WeChat official account news, the Mid-Autumn Festival is approaching. With the joint efforts of all parties, the Announcement on Curbing the "sky-high" moon cakes and promoting the healthy development of the industry has achieved good results. This year, the moon cake market is generally operating well, showing a new atmosphere of "more people-friendly prices, simpler packaging and richer tastes": the high-priced moon cakes have been greatly reduced, and the boxed moon cakes with a unit price within 200 yuan have become the absolute mainstream of consumption; Mooncake packaging is generally "slimming", and luxury packaging is obviously reduced; Innovative tastes emerge in an endless stream to better meet the individualized and diversified needs of the broad masses. Consumers pay more attention to new ideas and fashions such as "rational consumption, healthy consumption and green consumption".

Recently, the National Development and Reform Commission has paid attention to the fact that some businesses sell moon cakes in the name of "Mid-Autumn Festival gift box" or sell other goods in disguise in the name of moon cakes, and some businesses evade supervision through hidden channels such as "transition" from online platforms to WeChat private chat. With regard to the above problems, the National Development and Reform Commission will closely follow up with relevant departments, strengthen supervision, find and investigate together, resolutely maintain a good, healthy and orderly market environment, and strive to create a happy and peaceful holiday atmosphere so that moon cakes can truly return to their traditional flavor.

Exclusive | The 70th Anniversary of Japan’s Surrender Counting the Top Ten Rumors of the War of Resistance Against Japan

On August 15th, 70 years ago, Emperor Hirohito of Japan announced his unconditional surrender, but the word "surrender" did not appear in the "Imperial edict" broadcast with radio noise. Until today, Japan’s name for "August 15th" has not been unified. In seminars, it often appears as "the day of defeat", which is generally called "the day of final battle" by the government and the media.

Today, 70 years later, some right-wing forces in Japan are still denying, distorting and even beautifying the history of aggression, clamoring to expand the army and strengthen the military. Especially since Japanese Prime Minister Shinzo Abe came to power for the second time, he personally visited the Yasukuni Shrine, connived at the cabinet’s "ghost worship" and distorted history, making Japan a "troublemaker" for regional stability.

On August 15th, 1945, Emperor Hirohito of Japan announced his unconditional surrender.

On August 15th, 1945, Emperor Hirohito of Japan declared unconditional surrender.

History cannot be tampered with, and facts cannot be denied. Over the years, apart from carefully sorting out the history of Japanese aggression against China at the government level, China’s memories scattered among the people and around the world have been gathered little by little, and a large number of official documents, diaries and memoirs of Japanese soldiers and soldiers have surfaced. Not long ago, the Central Archives published the full-text confessions of 45 Japanese war criminals who invaded China on its website for the first time. These precious first-hand historical materials are undoubtedly a powerful counterattack against the Abe government’s distorted historical view.

There are also a group of people on the internet who are unwilling to face the positive history. On the occasion of the 70th anniversary of Japan’s surrender, Observer.com republished the series of "Ten Rumors of the War of Resistance Against Japan" to set the record straight.

The myth of the past is also a kind of tampering and blasphemy against history. Our series of articles is not only to refute rumors, but also to take readers to read history carefully and not to be led astray by one-sided "truth". Jin Yong borrowed Wei Xiaobao’s words to say that the secret of his rumor is that "there is a lie in nine sentences of truth". The rumor makers on the Internet are better. What they say is all "truth", but they just hide what they don’t want others to know.

Zhang Lingfu, the Top Ten Rumors in War of Resistance against Japanese Aggression.

During the vast majority of the Anti-Japanese War, Zhang Lingfu was just an ordinary grass-roots officer. But this year, why can he also rank among the top ten national anti-Japanese generals? ! If you want to choose the popularity index of women, Zhang Lingfu can rank in the top ten.

Zhang Lingfu

Zhang Lingfu

Ten rumors of the Anti-Japanese War: Sun Liren Buries the Japanese Army alive.

Sun Liren’s most important achievement is the so-called "yenangyaung Victory". According to his account, this campaign "defeated the enemy ten times as much as mine and rescued the friendly army ten times as much as mine". How much water does Dajie have? Can you collect 1200 Japanese prisoners who were "pit-killed"?

Liren Sun

Liren Sun

"The bottom of the top ten rumors of the Anti-Japanese War" fishing post "

The "bloody battle of Normandy by the 52nd Army" appeared in the examination paper of middle school, and its influence was so bad that the official micro of the People’s Liberation Army Daily also came to refute the rumor. The source of this rumor is the so-called "fishing post". This paper will analyze the creation, dissemination, adaptation and popularity of such rumors.

The 69th Anniversary of Japan's Surrender: Counting Ten Rumors of Anti-Japanese War

The chairman’s guard of the top ten rumors of the anti-Japanese war

Born in Chiang Kai-shek’s security forces, the armored division is the clique in the clique, but it is not as good as some "miscellaneous troops" with firm fighting will in the defensive war; The "chairman’s guard" is even more illusory. Unfortunately, the role of "earth machinery" broadsword has also been exaggerated.

In addition to the helmet and kettle, the equipment of the national army "Armorer" is not really "mechanized". In the picture, they use the "Ma Keqin" machine gun before World War I.

In addition to the helmet and kettle, the equipment of the national army "Armorer" is not really "mechanized". In the picture, they use the "Ma Keqin" machine gun before World War I.

Ten Rumors of War of Resistance against Japanese Aggression: The Eighth Route Army Growing Opium on a Large Scale.

In recent years, many so-called "old cadres", "old Red Army", "my grandfather", "my great grandfather" and "my second uncle" have appeared on the Internet, and they have "witnessed" the communist party Eighth Route Army’s large-scale opium cultivation and trafficking in various places. Is history really like this?

Yuri Vlasov, the actual editor of Yan 'an Diary. He later admitted that the diary of Yan 'an was a work compiled for the anti-China needs of the Central Committee of the Communist Party of the Soviet Union.

Yuri Vlasov, the actual editor of Yan ‘an Diary. He later admitted that the diary of Yan ‘an was a work compiled for the anti-China needs of the Central Committee of the Communist Party of the Soviet Union.

Diversified formats and full of creativity … The night here is lively again.

  Xinhua News Agency, Shenzhen, May 9 th, crowded restaurants and bars, creative night shopping and night tours … … Under the normalization of epidemic prevention and control, noise and excitement returned to the night of the city.

  At 8 o’clock on the evening of the 7th, the entrance of a rotisserie in Futian, Shenzhen was full of guests waiting for their seats. "Futian District subsidizes consumers. The passenger flow on May 1 this year increased by about 10% compared with 2019, which exceeded our expectations. There are often queues at night, and it is generally not until 9: 30 that the queuing phenomenon can be reduced. " Manager Deng Qining said.

  During the "May 1" period, the sales data of COCO Park in Futian Xinghe increased by about 10% compared with the same period of last year. The total passenger flow of Wanxiang Tiandi in Shenzhen exceeded 600,000, and the retail sales increased by 13% compared with the same period of last year. The total passenger flow of Wanxiang City in Shenzhen exceeded 150,000, and the retail sales increased by 14%… …

  The relevant person in charge of Shenzhen Power Supply Bureau said that the daily electricity consumption of Shenzhen Luohu Vientiane City Business Circle, Futian Shopping Park Business Circle and Nanshan Coastal City Business Circle has recovered to the same level last year.

  The relevant person in charge of Shenzhen Longhua District Bureau of Commerce said that Longhua has formed a series of policies and measures to support the development of night economy, hoping that after a period of efforts, it will form a pattern of night economic development with reasonable layout, perfect functions, diversified formats and standardized management.

  At the same time, extending business hours has also become the focus of some businesses. Zhang Yanjun, deputy general manager of Shenzhen Suning.cn Sales Co., Ltd. said that during the May 1 ST period, the business of Suning.cn stores was extended to 24: 00, and the overall night sales increased by more than 260% year-on-year.

  "We plan to extend the business deadline from 10 pm to 12 pm in the future." Li Wenkai, deputy general manager of the COCO Park project in Futian Xinghe, said that many merchants also welcomed this, and some restaurants indicated that they could add casserole porridge and other dishes for late-night stalls.

  New elements, new ideas and new formats make the fire of night economy burn more and more brightly.

  The original clothing shopping bill of more than 400 yuan, due to consumption at night, only needs to pay more than 200 yuan. A Shenzhen netizen took a screenshot of such a bill on Weibo.

  Recently, Luohu District, Shenzhen is distributing a total of 80,000 night coupons in batches, with a total discount of 10 million yuan. Users can use them in retail stores, restaurants and other places in the district from 6 pm to 2 am the next day, with a discount rate of 50%.

  Cultural activities full of urban characteristics also glow with new vitality on the Internet. Due to the consideration of epidemic prevention and control, the Nanshan Pop Music Festival, which has been held for 8 times, was moved to the Internet this year, and it was also broadcast to the world free of charge through platforms such as Shenzhen Radio and Television, Tencent and Cool Dog. It brought theme concerts such as nature, martial arts and bel canto to the audience for three consecutive nights, and the online audience reached 15 million.

  Cao Zhongxiong, executive director of the New Economic Research Institute of China (Shenzhen) Comprehensive Development Research Institute, said that night economic recovery is not only a signal of China’s economic recovery, but also a driving force for economic growth. "Night economy is an important part of consumption. Under the background of greater pressure on foreign trade and investment, the development and innovation of night economy in the future will become new kinetic energy for economic growth."

  Many experts believe that with the rapid development and continuous integration of 5G, Internet, smart cities and smart terminals, the night economy will present more "innovative ideas" in terms of scenes, contents, functions and formats.

  Xu Guangjian, a professor at the School of Public Administration of China Renmin University, believes that the future "night economy" should have more room for development and exploration in culture, tourism, entertainment, film and television, exhibitions and other formats, and industrial development will increase employment, increase economic income and help the development of new urbanization. (Reporter: Sun Fei, Chen Yuxuan, Simomo, Liang Xu)

Chinese businessmen in Russia: from the bitter experience of the ruble crash to "earning 100 thousand dollars in ten minutes"

"How did the ruble depreciate again recently?" Xu Xiujuan, a female boss from Wenzhou, Zhejiang Province, is a little anxious in a shop that wholesales denim clothes in Blinault market.

Moscow Liu Blinault Market. The pictures in this article are all from Xinhua News Agency.

For Chinese businessmen in LiuBlinault market, keeping a close eye on the ruble exchange rate is a "compulsory course" every day. A few years ago, the injury caused by the ruble’s plunge has not been completely healed, and how to get out of the stormy big market is a new problem before us.

Wake up, the ruble is worthless.

Liu Blinault Market is the largest wholesale market for daily necessities such as clothes, shoes and hats, with about 6,000 stalls, one third of which are run by Chinese businessmen.

The stalls are crowded and the middle aisle is narrow. From time to time, porters with Central Asian faces push carts and shout "Excuse me".

Due to the underdeveloped light industry in Russia, Chinese businessmen have flocked to the Far East, Moscow and other places to seek gold since the 1990s, and "profiteering" once became synonymous with Chinese businessmen in Russia. From 2000 to 2008, the Russian economy entered a period of rapid growth, and the business of Chinese businessmen was also smooth.

After Russia was hit by the global financial crisis in 2008, the "collecting money" model of Chinese businessmen "earning a Mercedes-Benz a week" became a memory. In 2008 and 2014, the ruble plummeted twice, which brought a serious blow to Chinese businessmen.

Zheng Riwei and Hu Dongling run down jacket export business in Russia.Hu Dongling said that at that time, the exchange rate of the ruble fluctuated violently, and the ruble earned by selling goods could not be immediately exchanged for RMB or US dollars and sent back to China. Often, when I woke up, I found that the ruble I held was even less valuable. "I feel like I’m sleeping in the presidential suite every day, and all the money I lost overnight is worth the room money."

Yan Linfu, a businessman from Taizhou, Zhejiang Province, said that in 2015, the ruble exchange rate fluctuated too much, and product pricing was difficult, just like speculating in futures. Businesses engaged in non-governmental trade with Russia have lost more than 60%, and few have made profits.

Moscow Liu Blinault market.

Compared with the impact of the two rouble crashes, the Chinese businessmen have a more painful memory of the closure of the Cerchi Zovsky market.

In 2008, under the depression of Russian domestic economy, the boss of a big market went to Turkey to invest a lot of money and angered the Kremlin. The Russian government seized and destroyed the goods in the big market on the grounds of cracking down on "gray customs clearance", and then closed the market indefinitely. Tens of thousands of Chinese businessmen lost as much as $2 billion.

Due to the particularity of the Russian market, the problem of informal "grey customs clearance" has not been solved, and Chinese businessmen still face risks.

Yan Linfu said that the owner of Liu Blinault Market is a pair of Jewish brothers, and most Chinese businessmen pay management fees to them. Under their protection, Russian customs and tax authorities turn a blind eye to the "gray customs clearance". The "grey customs" cost is low, which lowers prices and meets the needs of low-income people in Russia. The special problems in this specific period can only be solved slowly.

Russia has a large market and a low threshold, and there is a rigid demand for clothing and other department stores, which is the reason why many Chinese businessmen are attached to this land. However, this market is full of troubles, so many merchants in Blinault have the mentality of taking a gamble and taking a chance.

Double 11 broke $100,000 in 10 minutes.

Zheng Riwei said that hardships gave birth to opportunities, and the blow in Russia prompted him to change his mind and try to cooperate with AliExpress, from wholesale to retail.

During AliExpress’s overseas "double 11" event last year, the ICEbear brand of Beijing Riwei Clothing Company, founded by Zheng Riwei, became the champion of clothing sales, with its revenue exceeding 100,000 US dollars in 10 minutes and 200,000 US dollars in half an hour.

On the AliExpress website, the fans of the ICEbear store have a collection of more than 370,000. On the sales page of a white women’s down jacket, buyers left thousands of messages, most of which praised the down jacket for its good quality and fast delivery.

According to Zheng Riwei, these down jackets specially for the Russian market are thicker than ordinary down jackets, and they have waterproof function, which can not only resist the cold weather in Russia, but also cope with the water droplets falling after melting snow.

In the view of Gou Shanchao, director of e-commerce operation of Riwei Clothing Company, cooperation with AliExpress has brought at least two major benefits to the company.

The first is to improve brand awareness. After joining the cross-border e-commerce platform, the company directly faces consumers, and customers’ recognition of the brand is improved. There are many Russian "loyal fans" who will take the initiative to ask when the new model will be available.

Second, products can be optimized in time according to customers’ needs. On the e-commerce platform, the company can get customer feedback at any time. If the buyer says there is something wrong with the version of this batch of clothes, the company can change it in time in the next batch of goods.

Gou Shanchao said that the company joined the cross-border e-commerce platform in 2014 and just started to deliver goods from China, and the arrival time was at least one month. In 2016, the company implemented overseas warehouses. First, large quantities of goods were sent to warehouses in Moscow. After customers placed orders, they were delivered directly from overseas warehouses, and the goods would arrive the next day in Moscow and nearby areas.

Since 2015, the Russian economy has fallen into negative growth, the people are not well off, and the price/performance ratio of goods is higher. With the help of cross-border e-commerce platform, some Chinese businessmen cut off the intermediary channels and directly connected with Russian consumers, so that consumers can buy high-quality goods at lower prices.

Going out of the big market, from "grey customs" to "white customs"

As the Secretary-General of Wenling Chamber of Commerce in Moscow (China), Yan Linfu is quite familiar with the living conditions of Chinese businessmen in Russia. Going out of the big market is his advice to Chinese businessmen.

Yan Linfu said that he is now "walking on two legs", not only doing wholesale in Liu Blinault market, but also setting up a company to do retail in Russia. The company opened a flagship store in the bustling section of Moscow and opened up online sales channels.

The sales model of Liu Blinault big market is to wait for customers to come to the door. Because of the small market scope and repeated customer resources, the vicious door-to-door bargain is inevitable. Yan Linfu believes that Chinese businessmen need to go out of LiuBlinault, face consumers directly and try online to offline.

In recent years, e-commerce has developed rapidly in Russia, and a large number of China goods with high quality and low price have directly reached Russian consumers through cross-border e-commerce platforms such as AliExpress.

As for the influence of cross-border e-commerce on the wholesale business, the merchants in LiuBlinault are unable to agree. Some Chinese businessmen believe that cross-border e-commerce has little impact on Liu Blinault’s business due to different groups of people. Others hold the opposite opinion that cross-border e-commerce leads to price transparency and has a great impact on wholesale business.

Alibaba once held a mobilization meeting in Yabao Road, Beijing to encourage businesses to try e-commerce and set up training courses. Many people tried, but few succeeded.

The reason is that Gou Shanchao believes that, first of all, businesses that trade with Russia do not pay enough attention to e-commerce. Many people are used to making big money by wholesale, while e-commerce earns small money every time; Secondly, many Chinese businessmen are born in entities, do not understand e-commerce, and have no professionals around them.

Zheng Riwei said that at present, the company’s delivery through the e-commerce channel is all "white customs", and all the procedures are legal from domestic registered companies to foreign registered companies. He suggested that Chinese businessmen bravely try to organize formal business and gradually turn "grey customs" into "white customs".

Liu Wei, director of AliExpress Russian Station of Alibaba, said that China merchants who have branches and stocks in like Riwei Clothing belong to the partners of AliExpress localization business. This year is the first year of AliExpress’s localization business. At present, we are still carrying out infrastructure work in logistics and market. We hope to cooperate with more merchants in Yabao Road and Liu Blinault when conditions are ripe.

In the long run, normalization and branding are the general trend of Sino-Russian non-governmental trade. E-commerce can provide an opportunity for the transformation of Sino-Russian non-governmental trade and force Chinese businessmen to standardize their operations.

"Only through e-commerce can we truly make the brand bigger. The company not only has more confidence in deepening the Russian market, but also sets a goal of going global," Zheng Riwei said.

(The original title is "Earn $100,000 in 10 minutes! Chinese actually does business like this in Russia ")

Children of foreigners, Hong Kong, Macao and Taiwan people enjoy the treatment of local students when they enter Huixue.

  How do children of foreigners, Hong Kong, Macao and Taiwan enter Huizhou? A few days ago, Huizhou Education Bureau and Huizhou Taiwan, Hong Kong and Macao Affairs Bureau jointly issued the Measures for the Administration of Recruiting and Training International Students and Hong Kong, Macao and Taiwan Students in Huizhou Primary and Secondary Schools (hereinafter referred to as the Measures). According to the Measures, children of foreigners, Hong Kong, Macao and Taiwan people who attend Huizhou schools enjoy the same treatment as children of local registered population. They can not only enjoy free compulsory education as local registered students, but also take the senior high school entrance examination, academic examination and college entrance examination in the local area, regardless of nationality and household registration.

  According to reports, the Outline of Guangdong-Hong Kong-Macao Greater Bay Area’s Development Plan specifically proposes to strengthen school construction, expand the supply of degrees, and study the right to give children of Hong Kong and Macao residents who work and live in nine cities in the Pearl River Delta the same as mainland residents to receive compulsory education and high school education. To this end, Guangdong has actively introduced a number of measures to ensure that children of Hong Kong and Macao residents receive preschool education, compulsory education and ordinary high school education in Guangdong. At present, the Provincial Department of Education has formulated and promulgated the Notice of Guangdong Provincial Department of Education on Forwarding the Admission of Ordinary Primary and Secondary Schools in 2019, the Notice of Guangdong Provincial Department of Education Forwarding the Notice of Ministry of Education on Implementing the Measures for the Application and Issuance of Residence Permits for Hong Kong, Macao and Taiwan Residents, and the Notice of Guangdong Provincial Department of Education on Doing a Good Job in Education for the Children of High-level Talents.

  The term "international persons" as mentioned in these Measures refers to foreigners who do not have People’s Republic of China (PRC) nationality according to the Nationality Law of the People’s Republic of China; The term "international students" as mentioned in these Measures refers to foreign students who do not have People’s Republic of China (PRC) nationality according to the Nationality Law of the People’s Republic of China. The term "Hong Kong, Macao and Taiwan people" as mentioned in these Measures refers to people with household registration in People’s Republic of China (PRC) Hong Kong Special Administrative Region, Macao Special Administrative Region and Taiwan Province; The students from Hong Kong, Macao and Taiwan mentioned in the Measures refer to students with household registration in Hong Kong, Macao and Taiwan Province.

  Enter the first and seventh grades "near the test-free"

  The "Measures" clarify that if international people and people from Hong Kong, Macao and Taiwan apply for their children to attend Huizhou public primary schools and junior high schools, they will make overall arrangements in accordance with the principle of admission to the nearest school without examination.

  Among them, those who invest in Huizhou will be enrolled in public schools by the education administrative department of the county (district) where the investment is located in accordance with the principle of free entrance to the nearest school; If you are employed in Huizhou, the education administrative department of the county (district) where the employment unit is located will make overall arrangements for enrolling in public schools in accordance with the principle of admission to the nearest school without examination; In Huizhou, those who reunite with their local registered spouses and live for a long time shall be enrolled in public schools by the education administrative department of the county (district) where their local registered spouses are located in accordance with the principle of admission to the nearest school without examination.

  If you apply for transferring your children to Huizhou public schools, the education administrative department of the local county (district) shall treat them equally according to the method of transferring students with local household registration to public schools according to the above Measures.

  It is worth noting that if Hong Kong, Macao and Taiwan people who do not meet the above enrollment conditions or their children apply for residence permits for People’s Republic of China (PRC), Hong Kong, Macao and Taiwan Province residents in Huizhou (hereinafter referred to as Hong Kong, Macao and residence permits), they will enjoy the same treatment as the children of migrant workers in different places in the mainland (mainland) to enroll in public schools.

  The "Measures" also emphasize that international students and students from Hong Kong, Macao and Taiwan are enrolled in Huizhou public primary schools and junior high schools, and tuition fees are free and textbooks are provided free of charge; When enrolled in Huizhou private primary schools and junior high schools, they pay tuition fees according to the charging standards of the private schools they attend, and enjoy financial subsidies for public funds per student. When collecting tuition fees, private schools deduct tuition fees by semester and provide textbooks free of charge.

  After graduating from Huizhou junior high school, you can take the senior high school entrance examination in Huizhou.

  The "Measures" clarify that international students and students from Hong Kong, Macao and Taiwan who want to enter ordinary high schools in Huizhou after graduating from junior high schools must take the junior high school level examination (senior high school entrance examination) organized by Huizhou, and enjoy the same treatment as Huizhou household registration students. They need to fill in the volunteers of ordinary high schools, enjoy the enrollment indicators directly allocated to junior high schools by high-quality ordinary high schools, and be admitted according to the same score line.

  International people and people from Hong Kong, Macao and Taiwan who invest or work in Huizhou or reunite with their local registered spouses and live for a long time need to provide relevant information to the education administrative department of the county (district, city) where they invest or work or reunite with their local registered spouses and live for a long time, and the education administrative department of the county (district, city) will co-ordinate the reception arrangements.

  The "Measures" also emphasize that international students and students from Hong Kong, Macao and Taiwan are enrolled in Huizhou public ordinary high schools and pay the same fees as registered students in this city; Enrolling in Huizhou private ordinary high school will be paid according to the charging standard of the private ordinary high school.

  International students should have a physical examination when they enter school.

  The "Measures" require that international students should go to the health and quarantine department of China for confirmation of the Record of Physical Examination for Foreigners or have a physical examination in accordance with the regulations of the health administrative department of China. Those who are confirmed to have serious mental disorders, infectious tuberculosis or other infectious diseases that may cause great harm to public health as stipulated in the Law of People’s Republic of China (PRC) on Exit and Entry Administration shall be dealt with by the public security department according to law. No admission in Huizhou.

  The "Measures" also propose that if the study visa held by international students indicates that they need to apply for residence certificates after entering the country, they should apply to the exit-entry administration department of the public security organ of the place where they intend to stay for residence certificates of study foreigners within 30 days from the date of entry.

  When a school enrolls an international student under the age of 18 whose parents are not resident in China, it must require their parents to formally entrust a foreigner or Chinese who is resident in China as the guardian of the international student, and provide relevant certification materials. The school implements the international student full insurance system. International students must be insured in accordance with relevant state regulations and school requirements. Those who fail to purchase insurance in accordance with the regulations should be insured within a time limit. If they fail to do so within the time limit, the school will not accept them; Those who have already studied in school should drop out of school or not be registered.

  International, Hong Kong, Macao and Taiwan students study in regular classes in principle.

  The Measures point out that after international students and students from Hong Kong, Macao and Taiwan enter school, schools should provide them with entrance education in time to help them understand the laws, regulations and school systems of People’s Republic of China (PRC). Students who violate the laws and regulations such as the Exit and Entry Administration Law of People’s Republic of China (PRC), the Public Security Administration Punishment Law of People’s Republic of China (PRC), the Regulations on the Entry and Exit Administration of Foreigners in People’s Republic of China (PRC) and the Regulations on the Administration of Religious Activities of Foreigners in People’s Republic of China (PRC) should promptly report to the public security, education and other competent departments for handling according to law.

  The school implements unified management and teaching for international students, Hong Kong, Macao and Taiwan students and local students. Generally, international students and students from Hong Kong, Macao and Taiwan should be arranged to study in regular classes, instead of arranging classes separately. Its teaching is organized and implemented according to the current teaching standards in our province. Schools can arrange necessary Chinese tutoring for international students and students from Hong Kong, Macao and Taiwan according to actual needs (no fees are allowed).

  International students and students from Hong Kong, Macao and Taiwan who have completed various science courses and passed the examination will be issued with graduation certificates; Those who fail to complete their studies as planned can be issued with realistic learning certificates.

  The Measures also require that education administrative departments and schools at all levels should attach great importance to the safety work of international students and students from Hong Kong, Macao and Taiwan during their school days, establish and improve the safety guarantee system and safety accident handling plan for international students and students from Hong Kong, Macao and Taiwan, and ensure the smooth communication channels between schools and international students and their parents or entrusted guardians. Schools can sign admission agreements with their parents or other guardians to clarify their respective responsibilities and obligations.

  How to go through the admission formalities?

  As for how to go through the relevant admission procedures? The "Measures" clarify that when applying for admission (including transfer) to public schools for accompanying children, they need to submit their identity information, investment or employment in Huizhou or related information materials (one original and one copy each, and the original will be returned after face-to-face verification and confirmation) to the local county (district) education administrative department.

  International students and students from Hong Kong, Macao and Taiwan who apply for admission (including transfer) to public schools or private schools shall submit the following original documents and photocopies to the school in duplicate (one of which shall be kept by the school, and the other shall be signed by the school manager and marked "consistent with the original" and stamped with the official seal and submitted to the education authorities. The original will be returned after being checked and confirmed by the school in person): (1) Passport and valid residence certificate of the international student himself and one of his parents; (two) Hong Kong and Macao students themselves and one of their parents’ residence permits for Hong Kong and Macao residents or the Pass for Hong Kong (Macao) residents to and from the Mainland; (three) Taiwan Province students themselves and one of their parents’ Taiwan Province resident residence permit or five-year "mainland travel permit for taiwan residents". County (District) education administrative departments to accept, unified registration, the applicant’s relevant application materials submitted to the county (District) Taiwan Province Affairs Office for review. County (District) Taiwan Province Affairs Office shall timely feedback the audit results to the county (District) education administrative department. County (District) Taiwan Province Affairs Office after the audit is not approved, the education administrative department shall not accept the application.

98-year-old former US President Carter made a rare public appearance at the celebration.

  BEIJING, Sept. 25 (Xinhua)-According to comprehensive US media reports, former US President Jimmy Carter and his wife Rosalyn Carter rarely appeared in their hometown of Plains, Georgia on the 23rd local time. Previously, due to health problems, Jimmy Carter largely faded out of the public eye.

  According to reports, the Carters attended the Plains Peanut Festival that day. The Carter Center in the United States forwarded a video in which 98-year-old Jimmy Carter and 96-year-old Rosalyn Carter took part in the celebration in a black SUV.

  The Carter Center also posted on social media that "President Carter and his wife enjoy ‘ Plain Peanut Festival ’ Beautiful weather! He will be 99 years old in a week. We bet there is peanut butter ice cream on the lunch menu! " It is reported that peanut butter is one of Jimmy Carter’s favorite foods.

  The American Broadcasting Corporation (ABC) reported that this seems to be the first time they have gone out since Jimmy Carter was announced to receive hospice care seven months ago.

  According to reports, Jimmy Carter is the oldest former president of the United States. Jimmy Carter served as the 39th president of the United States from 1977 to 1981. Since they left the White House in 1981, the Carters have been living in their home in plain, Georgia.

  Jimmy Carter was diagnosed with malignant melanoma in 2015, and cancer cells spread to the liver and brain. After treatment, Jimmy Carter claimed to have recovered. In 2019, Jimmy Carter fell several times and underwent hip replacement surgery.

  The Carter Center of the United States issued a statement on February 18, 2023 that Jimmy Carter decided to receive hospice care at his home in Georgia. According to the statement, after a series of short hospitalization, Jimmy Carter decided to spend the rest of his time at home with his family and receive hospice care instead of additional medical intervention. This decision was fully supported by his family and medical team.

The commercial operation of C919 large passenger plane, the first flight of domestic large aircraft, officially "started"

CCTV News:Today (May 28th) morning, China Eastern Airlines used the world’s first C919 large passenger plane delivered by Comac China to carry out flight MU9191, which took off from Shanghai Hongqiao Airport and arrived at Beijing Capital Airport, officially opening the world’s first commercial passenger flight of this type. Today’s flight marks that the "R&D, manufacturing, evidence collection and operation" of C919 has been fully integrated, and the commercial operation of domestic large aircraft has officially "started", and China large aircraft has also officially approached the consumers.

CCTV reporter Wang Shantao:This is Shanghai Hongqiao International Airport. The world’s first C919 large passenger plane delivered by Comac China will take off from here, and more than 130 passengers will take the lead in taking the domestic large aircraft.

First flight passenger Mr. Meng:I’m very excited, and I’m honored to be able to take part in our maiden voyage of C919. It feels incredible to witness such a historic moment.

Mr. Huang, maiden passenger:This is also a very significant event for me personally, which is equivalent to witnessing a history of the development of China aviation industry. I also wish China’s big planes a smooth flight in the future.

At 10: 32, the maiden flight of flight number MU9191 took off on time and flew to Beijing.

C919 large passenger plane is the first jet trunk passenger plane with independent intellectual property rights developed by China in accordance with internationally accepted airworthiness standards. Among them, business class and economy class choose a new generation of domestic cabin seats that are completely independently developed. The aisle height of 2.25 meters in the cabin can make passengers feel comfortable at the top and sufficient visual space in front.

Feng Dehua, Deputy General Manager of China Eastern Airlines Party Group:The C919 large passenger plane opened its first commercial flight, which means that this model is fully integrated from research and development, manufacturing, evidence collection to operation. We will join hands with all parties to aim at the goal of "flying out of safety, flying out of ambition, flying out of brands and flying out of benefits" and operate C919 finely.

China Eastern Airlines and Comac China signed the first batch of five C919 purchase contracts. From May 29th, C919 large passenger plane will be put into the route from Shanghai Hongqiao to Chengdu Tianfu, and normal commercial operation will be implemented. With the introduction of this model, C919 large passenger aircraft will appear on more routes.