Every year, the editorial department of Chewing on Words publishes the top ten buzzwords of the year at the end of the year. This year, the top ten are: top-level design, new normal, fighting tigers and flies, cliff-breaking, you know, breaking up, losing contact, artifacts, being tall and sprouting. Obviously, these top ten buzzwords have a strong political flavor.

　　　　　　　　First, the top design Originally, it was the concept of systems engineering, which means to plan all levels, elements and aspects of the project from the top level in order to achieve the goal efficiently and quickly. Later, it was widely used in politics, economy, military and other fields. As a political term, "top-level design" refers to the government’s "strategic management". Its core is integrity, comprehensiveness, long-term and the setting of major and overall goals. It is an important way of thinking for the government to coordinate internal and external policies and formulate development strategies. Top-level design is inseparable from designers. Deng Xiaoping is recognized as the chief architect of China’s reform, opening up and modernization; Nowadays, people call the supreme leader the top designer of the Chinese dream to realize the great rejuvenation of the Chinese nation.

　　　　　　　　Second, the new normal As the name implies, it is "New Normal", which is translated from "new normal" in English. It originally described the slow and painful process of western economic recovery after the 2008 world financial crisis. Some people summarized it as "one low and two high", that is, "low growth, high unemployment and high debt". China’s economy is in the period of shifting growth rate, painful structural adjustment and digestive period of previous stimulus policies. Some people sum it up as "medium and high speed, excellent structure, new impetus and multiple challenges", which is the "new normal" of China’s economy. Once popular, the "new normal" is no longer confined to the economic field, and it is used in all walks of life. For example, "legislation first becomes the new normal of governing the country", "peace and happiness become the new normal of Tibet", and "migratory bird pension has become the new normal of the life of the elderly in Northeast China".

　　　　　　　　Third, fight tigers and flies In written language, it is called "beating tigers and catching flies", while in spoken language, it is called "tigers and flies fight together". "Tiger" and "fly" are two metaphors. "Tiger" refers to a corrupt official at the top and "fly" refers to a corrupt official at the grassroots level. "Beating tigers" and "swatting flies" reflect the principled position and policy measures of the CPC Central Committee in punishing corruption, which is both vivid and profound, and has won the hearts of the people from time to time.

　　　　　　　　Fourth, the cliff type The high and steep cliff fracture will inevitably lead to violent and rapid landslides, and the consequences are unimaginable. Therefore, people use "cliff type" to describe the downward state with large amplitude and fierce momentum, and its application range is very wide. For example, there are "cliff-like demotion" in the anti-corruption field, "cliff-like plunge" in the stock market, "cliff-like price reduction" in the property market, and some people call the sharp drop in temperature "cliff-like cooling", and so on.

　　　　　　　　Five, you know. This is a network term. On March 2, 2014, a spokesman for Chinese People’s Political Consultative Conference said in response to a question about Zhou Yongkang: "Whoever violates the party discipline and state laws, no matter how high his position, will be severely punished. I can only answer like this, you know. " The spokesman’s wise and humorous answer caused a burst of laughter. So "you know" went out of the network and became popular in the whole society. "You know" is mainly used in two occasions. First, as many people know, the speaker does not need to say more or explain. Second, because it involves sensitive topics, the speaker is unwilling, unable or inconvenient to say. At present, "you know" has become a somewhat mysterious and very useful social response.

　　　　　　　　Sixth, break away "Chinese characters" from Japan. Eiko Yamashita, a Japanese domestic consultant, is the author of "Breaking Away", and advocates "doing subtraction" to tidy up the house where you live and let yourself live in a spacious, comfortable and free space, so as to seek relief of stress and release of mind. With the best-selling of books, "breaking up" has become a fashionable new word, which means "cutting off unnecessary things, abandoning redundant waste, and getting rid of the obsession with things". Nowadays, "breaking up" has become a concept of modern life, extending to all aspects of social life. For example, a doctor said that "the treatment of hypertension should be separated", and a teacher said that "a good Chinese class should also be separated", and so on.

　　　　　　　　Seven, lost contact "Lost contact" means "lost contact". On March 8, a Boeing 777-200 aircraft of Malaysia Airlines with 239 people lost contact with the control center, and its whereabouts are still unknown. There are repeated expressions of "losing contact" and "losing contact" in news reports. For the sake of simplicity, a new abbreviation "lost contact" came into being. Because of its brevity, the word "lost contact" was seen in the media almost every day for a period of time, and now it is a household name.

　　　　　　　　Eight, artifact In ancient Chinese myths and legends, there are "Top Ten Artifacts". For example, Pangu’s artifact that opened heaven and earth is called "Heaven Axe" and The goddess patching the sky’s artifact is called "Heaven-mending Stone". Ancient humans could not understand and explain many phenomena in the universe, so they had to "owe" to the power of "God". Nowadays, a new artifact or high-tech product is called "artifact" to emphasize its unique "magical" effect. It is reported that in order to facilitate the police to obtain evidence and enforce the law, the Shanghai traffic police department has launched a variety of high-tech "law enforcement artifacts" such as "visual law enforcement recorder" and "new car lock". At present, "artifact" has become a popular Chaozhou language.

　　　　　　　　Nine, tall The abbreviation of "high-end atmosphere is superior". The TV series Legend of Wulin and the movie Party A and Party B both used the seven-character phrase "high-end atmosphere is superior", which was later condensed into the three-character "Gao Da Shang", which became popular in 2013, but it has not yet reached the point where the public is familiar with it. In 2014, "Gao Da Shang" continued to heat up, and the usage rate and awareness rate were greatly improved, which quickly became a popular buzzword among the whole people. The scope of application is also very wide. People (such as a writer), things (such as a friendly match) and things (such as a mobile phone) can all be described as "tall".

　　　　　　　　Ten, Meng Meng Da That is, "MengMeng’s", originally a network word, has now evolved into a popular buzzword. "Meng" can be loved; Overlapping as "MengMeng" means very cute. "da" is pronounced da, which is originally a transliteration word, homophonic "De", which is playful, humorous and kind. The word "Meng Meng Da" is used together, which means it is so cute that people, things and things can use it. During the Supreme Leader’s visit to Oceania, Xinhua News Agency released a photo of Peng Liyuan embracing a lovely Australian rare animal koala bear, which was praised by netizens as "cute".

　 　 　 　 The Paper reporter found that the recently popular words such as "willfulness", "being pretty hard" and "being drunk" were not included. In this regard, Huang Anjing, executive editor of Chewing on Words, said that there are specific principles for the inclusion of buzzwords in Chewing on Words, and it is not entirely based on the popularity of words. "We will give special consideration to three values: the value of the times, the value of language and the value of society."

　 　 　 　 Huang Anjing said that the selection of buzzwords should first promote "positive energy", consider the characteristics of the times and reflect the spirit of the times; Secondly, words that are ungrammatical and have unclear meanings will not be included, such as: "People are hard to tear apart", "Men are silent about women’s tears", "Do you hate them", "Doing (mourning), floating (sick)," no zuo no die "and other words are obviously ungrammatical. However, words like "willfulness" and "pretty spelling" are not innovative in structure, semantics and usage, and still express literal meaning and will not be included. At the same time, the "Top Ten Catchwords" include all-round popular words, and do not accept words such as "drunk" and "APEC blue" that are only popular on the Internet or popular for a while; In addition, we should also consider social values. If you don’t accept vulgar and indecent terms that don’t conform to social ethics, such as "about", "forcing" and "forcing me to fly", you can only regret going out.

　 　 　 　 The buzzwords selection at the end of each year is a "special dish at the end of the year" for the public. This year, the State Administration of Radio, Film and Television requested that the use of online buzzwords be prohibited in radio and television programs and advertisements. The CCTV Spring Festival Evening crew collected the most offensive online buzzwords from netizens through official micro-collection, which pushed this unique cultural product to the forefront. Will online buzzwords have an impact on traditional languages? Will it cause language confusion?

　 　 　 　 In this regard, Hao Mingjian, a linguist and founder of Chewing on Words, also expressed concern. He pointed out that there are many vigorous language explorations and innovations in the society, but there are still many worrying places. "Some online expressions reflect the wisdom of the masses, but others are illogical and offensive."

　 　 　 　 In addition, people are indifferent to the correct use of language, and mistakes such as misuse of traditional Chinese characters and mixing of similar words are taken for granted by many people, such as misuse of "authorization" and "authorization" and writing "Kyushu Qingyan" as "Jiuzhou Qingyan". Secondly, there is a lack of social criticism, and there are few comments on literary and artistic works such as movies and books from the perspective of language; In addition, the applied research in academic circles is also lagging behind. How to distinguish between "doing" and "doing"? How to use "without thinking" and "without thinking" Is it "the Tao is one foot high and the magic is one foot high" or "the magic is one foot high and the Tao is one foot high"? All these need to be restrained and controlled by all sectors of society, so he called on the social control departments to perform their duties and regulate them.

Wen | Jing Yu

Editor | Yang Xuran

Produced by | tide-biz

On February 5th, Aauto Quicker (HK:01024) with the aura of "the first short video" went public. On the first day, its share price rose by nearly 200%, and its market value exceeded one trillion. At that time, the market value of Aauto Quicker was almost the same as that of the whole A-share media industry. Industry observers exclaimed: Aauto Quicker is not crazy, the market is crazy.

Aauto Quicker Stock Price Performance (February 5, 2021-present)

The crazy market gradually calmed down. With the collective withdrawal of technology stocks in the Hong Kong market, Aauto Quicker’s share price quickly halved. By the close of June 3rd, the market value of Aauto Quicker had reached HK$ 850 billion.

The same lopsided decline also occurred in companies such as New Oriental Online, Mingyuanyun and Weimeng. However, due to the large size of Aauto Quicker, the impact on the index is more obvious. Some investors even complained that the Aauto Quicker family had implicated the entire Hang Seng Science and Technology Index.

The high valuation of the capital market is equally important for technology Internet companies listed on A-shares, US stocks and Hong Kong stocks, which is almost the smartest fund in the world to cast a vote of confidence in the company’s development. But high valuation will naturally bring higher expectations-enterprises need to prove that they deserve it with performance.

Although the performance of Aauto Quicker’s latest quarterly report is acceptable, investors still choose to vote with their feet. On the second day after the financial report was released, Aauto Quicker’s share price fell by 11.46%, and its market value evaporated by 100 billion in one day.

For a content-based platform company, user base and commercialization efficiency are two important growth engines. No matter which one is accelerated, it can drive the performance and valuation of the platform to a new level.

However, it is not difficult to find out from the analysis of Aauto Quicker’s financial report that the chronic problem of user growth in Aauto Quicker has not been solved. Juchao has hinted at this in the articles "Aauto Quicker Left Behind" and "Hot Subscription and User Loss: AB Side of Aauto Quicker Listing". However, the improvement of commercialization efficiency of advertising, e-commerce, etc. is still weak corresponding to the current marketing rate (PS) of nearly 12 times.

Before the listing of Aauto Quicker, even the most optimistic analysts only dared to predict that "Aauto Quicker will be able to challenge the market value of 1 trillion within one year of listing", but the greed of generate, the market sentiment, far exceeded the wildest imagination of analysts. The market value on the first day of listing has become a heavy burden on Aauto Quicker, but to return to the peak and cross it, Aauto Quicker’s achievements are far from enough.

A preliminary study on "the first short video"

From the IPO price of HK$ 115 (with a total market value of about HK$ 4,400), it is not difficult to see that Aauto Quicker management and underwriting investment banks are conservative in their valuation. The tripling of the IPO price on the day of listing also means that the IPO price in Aauto Quicker is set low, which fails to maximize the financing benefits of listing.

Aauto Quicker management’s judgment is consistent with the attitude of many institutional investors. The capital market is used to the logic of "the boss gives a premium". As the second child in the industry, Aauto Quicker seems to have no reason to enjoy too high valuation.

But the sky-high price still appeared. On the one hand, liquidity was loose at that time, market sentiment was restless, and high-quality assets were pursued; On the other hand, ByteDance has not been listed yet, and Aauto Quicker, as the "first short video stock", is really scarce. If you are optimistic about or configure a short video track, Aauto Quicker is the only choice.

At present, among all kinds of content platforms, short video is almost the best business model: users upload content at low cost and do not need to buy expensive copyrights in large quantities like long videos; Users are very sticky, and it is difficult to leave after using them; The ability to seize the user’s time is very strong, and it can’t stop with a brush; There are various ways to realize cash-live broadcast, e-commerce, advertising, etc.

Especially in the environment where the dividend of consumer Internet is exhausted and the growth of users is at its peak, all platforms are competing for the same number of users and duration. As a more "advanced" form of commercialization, short videos crush long videos in terms of user stickiness and duration, and even erode users’ use duration in instant messaging applications, that is, WeChat.

At the 9th China Internet Audio-visual Conference, Sun Zhonghuai, vice president of Tencent, commented that some short videos with low intelligence and vulgarity "consumed a lot of users’ time", "subtly impacted users’ ideas" and "lowered users’ minds" caused a heated discussion. Behind this, in fact, whether it is Tencent Video, iQiyi or WeChat, there is a challenge that the user duration is taken away by the short video platform.

Today, Aauto Quicker can still enjoy a valuation close to 12 times the market-to-sales ratio, which largely represents the optimistic view of the capital market on the short video business model. Aauto Quicker, the "first short video", also set an example for the valuation level of the whole industry.

Vigorously failed to work miracles.

However, despite its excellent track and business model, Aauto Quicker still faces a serious growth problem-the scale of users seems to have hit the ceiling. 500 million MAU may be a difficult barrier for Aauto Quicker to break through.

User scale is the basic disk of a content platform. If there is no huge user base, whether it is advertising, live broadcast, e-commerce or financial services, it will only be "without rice".

If the content platform is likened to a water cup that is receiving water, the tap keeps getting water (adding users), and at the same time, there is a leak under the water cup that keeps flowing out (losing users). If the inflow is greater than the outflow, the water level, that is, the user scale, will rise. On the contrary, the user scale will decline.

In order to stabilize the basic disk or increase the number of users, many platforms will burn a lot of money to innovate and promote life. The so-called "miracle" is typical of the original interesting headlines and crazy investment for short-term user growth. This method can indeed achieve obvious results in the short term, but after stopping burning money, users may accelerate the loss.

Aauto Quicker once had a fall on this issue. Last year, Aauto Quicker spent a lot of money to reach an exclusive cooperation with the 2020 CCTV Spring Festival Gala. It is reported that the sponsorship fee for this Spring Festival Gala in Aauto Quicker is the highest since the statistics were published. However, this cooperation promoted Aauto Quicker’s daily life to a higher level in a short time, but it soon fell back.

According to public data, around the Spring Festival in 2020, the daily living of Tik Tok and Aauto Quicker will be around 400 million and 300 million respectively. According to the data of August, 2020, Tik Tok has more than 600 million daily active users, almost twice as many as Aauto Quicker Daily Live.

With huge investment in promotion, Aauto Quicker also broke the profit situation for three consecutive years in 2020, resulting in a loss of 6.348 billion. At the same time, the cash flow generated by its operating activities has also turned from positive to negative.

In the first quarter of this year, Aauto Quicker continued the practice of burning money for users. The data shows that Aauto Quicker’s single-season marketing expenses are 11.66 billion yuan, accounting for 68.5% of its total revenue. This figure has almost caught up with Pinduoduo, which is famous for burning money, and its sales and marketing expenditure in the same period was about 13 billion yuan.

The huge operating expenses have led to the continuous expansion of Aauto Quicker’s losses. Its adjusted net loss in the first quarter was about 4.9 billion yuan, compared with 4.3 billion yuan in the same period last year.

However, Aauto Quicker’s great efforts did not produce a miracle. In the first quarter of this year, both DAU and MAU in Aauto Quicker achieved growth, with DAU reaching 295.3 million, up 16.5% year-on-year, and MAU reaching 519.8 million, up 5% year-on-year. Compared with the huge expenditure, it is not worth mentioning-nearly 11.7 billion has gained 44.1 million new monthly users, and the average cost of each new monthly user is 264 yuan.

With regard to the problem of user growth in Aauto Quicker, Juchao suggested in the previous two articles that the reasons behind this include the homogenization of Aauto Quicker, Tik Tok and the substitution of Aauto Quicker, the network effect of short video platforms with social attributes, the difficulty of attracting users in high-tier cities by the ecology (and reputation) dominated by users, the saturation of users in the short video market, and the competitive impact from WeChat video numbers.

What is certain is that Aauto Quicker will face the pressure of losing users without burning money to promote new activities. However, if we continue to burn money, Aauto Quicker will face the problem of increasing losses, and investors’ worries will also increase.

Invisible ceiling

The practice of changing users by burning money is not unsustainable. Just like in Pinduoduo at the beginning, if users can continue to stay, and contribute enough income to the platform or drive other users to join the platform to form a positive cycle, it is a benign growth model.

There is a very key measure on this issue, that is, ROI (Return on Investment). This index requires spending money to obtain the customer acquisition cost generated by the user, which can not be lower than the life cycle value generated by this user in the long run, that is, LTV≥CAC.

In view of the long-term dynamic of this indicator, we compare the income contribution and cost of single-month users in that year, and we can find that the growth of users and income in Aauto Quicker can’t keep up with the soaring speed of cost.

The main reason behind this is that the commercialization efficiency of Aauto Quicker has not been fully developed, and there is still potential for growth. For example, e-commerce business and advertising business are growing rapidly, while local life business has just started.

Therefore, the current capital market chooses to accept its short-term losses and the disproportion between input and output, and bet on the future commercialization efficiency of Aauto Quicker.

But there are conditions for this tolerance. In the case of disproportionate input and output, once the commercialization efficiency cannot be improved rapidly, the confidence of investors will disappear. After the results of the first quarterly report were announced, Aauto Quicker’s share price plummeted.

Judging from the data disclosed in the first quarterly report, the situation of commercial efficiency development in Aauto Quicker is mixed, which does not exceed market expectations: the outstanding performance is that advertising revenue is 8.56 billion yuan, up 161% year-on-year; The total amount of e-commerce transactions reached 118.6 billion yuan, a year-on-year increase of 219.8%.

However, there are hidden concerns in the live broadcast business: in the case of increasing daily activities and monthly activities, the revenue dropped by 19.5% year-on-year to only 7.3 billion yuan. The payment rate of live broadcast has also dropped from 14% in the peak period to 10% in this quarter.

Although the e-commerce business has a high growth rate of GMV, its monetization rate is much lower than the current mainstream e-commerce platform because the platform has given certain subsidies and rebates to sellers. If 1.2 billion yuan from other service businesses including e-commerce is counted as a platform draw, then the monetization rate of e-commerce in Aauto Quicker in the first quarter is only 1%. According to this ratio, even if the GMV of e-commerce exceeds 1 trillion this year, the corresponding income is only 10 billion yuan.

It can be predicted that in the future, when the live broadcast business has reached the ceiling, Aauto Quicker’s revenue will mainly come from advertising revenue, the growth of e-commerce GMV and the increase of e-commerce proportion.

As far as we can see, whether it’s e-commerce business or advertising revenue, the shaking of hands has given Aauto Quicker an invisible ceiling. In April this year, Bloomberg reported that the daily living in Tik Tok will reach 680 million in 2021, which is about 2.3 Aauto Quicker.

In terms of e-commerce business, according to public information, the GMV of e-commerce in Tik Tok will exceed 500 billion yuan in 2020, while that in Aauto Quicker will be nearly 400 billion yuan.

In advertising business, Tik Tok’s revenue in the first quarter exceeded 31 billion, about 3.6 times that of Aauto Quicker. Due to the large proportion of private domain weight in Aauto Quicker, users have plenty of time to refresh their "attention pages", which leads to their per capita Feeds being lower than that in Tik Tok, and there is less room for realizing advertisements.

Under the invisible ceiling of Tik Tok, in the next one to two years, it is easy for the capital market to form a more accurate expected upper limit for Aauto Quicker’s income growth.

For investors, this means that it is difficult for the market to make mistakes and it is difficult for investors to have opportunities for excess returns; For Aauto Quicker, there is still a lot of homework to be done to break through this ceiling, both in terms of user growth and commercialization efficiency.

　　On November 24th, 63 people in Shaanxi Province were awarded the honorary titles of "National Model Worker" and "National Advanced Worker". In order to learn from and respect model workers, carry forward the spirit of model workers, and forge ahead, on November 25th, the Information Office of Shaanxi Provincial People’s Government invited five representatives to share extraordinary stories in ordinary posts.

Copy that, supreme leaderThe general secretary wrote back to encourage

　　He Fei, Production Team Leader of Zhao Mengtao Group in the Textile Department Workshop of No.1 Branch of Xianyang Textile Group Co., Ltd.:

　　Last year was the 70th anniversary of the founding of New China. At this important historical moment, my group sisters and I gave birth to the supreme leader.The general secretary reported his work ideas, and brought greetings and lofty solicitude from all the sisters of Zhao Mengtao Group and all the textile workers to the general secretary, and also expressed Do not forget your initiative mind’s determination to pass on the dream peach spirit from generation to generation. Everyone wrote a letter to the general secretary with special excitement and anxiety. On November 12th, everyone was delighted to receive the cordial encouragement from the General Secretary to our Zhao Mengtao Group, which was extremely exciting both inside and outside the group and up and down the group. The general secretary’s encouragement, which warms people’s hearts and inspires people to forge ahead, suddenly ignited the passion of the sisters’ struggle, and also strengthened everyone’s confidence and determination to make contributions based on their posts.

　　The dream peach spirit is not only the product of a specific era, but also not limited to the textile industry. After more than 50 years of inheritance and development, it has been injected into the whole China industry and become the spiritual wealth of the workers on the whole industrial front. It is in the same strain as the craftsman spirit advocated in the new era and new journey, and its essence is the love for work, self-confidence in business, responsibility and expectation and yearning for a better life of industrial workers in China. As a textile youth in the new era, the inheritor and practitioner of the dream peach spirit, I will lead the group sisters to continue to inherit and carry forward the dream peach spirit of "high standards, strict requirements, quick action, practical work, difficulty grabbing and convenient delivery" in future work, and drive more teams and groups to continue to write their youth and dreams in ordinary posts with practical actions.

　　Study hard to solve the technical problems of motor trains

　　Dong Hongtao, EMU mechanic of Xi ‘an EMU of China Railway Xi ‘an Bureau Group Co., Ltd.:

　　The service life of high-speed railway EMUs is 30 years, and it has been 14 years since 2007. As the first generation of high-speed rail people, my wish is that I hope to have a complete database, from the start of EMU operation to the end of its life cycle, with complete data technology accumulation and maintenance experience accumulation, which is the unshirkable responsibility of the first generation of EMU maintenance people. The second is the wish of the high-speed rail maintenance personnel, hoping that China’s high-speed rail maintenance will become more and more automatic and intelligent. There are still many problems to be solved in the maintenance process of EMU.

　　Let me give you two examples: First, the small tooling developed by the studio team is used to replace the special tooling parts for the tread cleaning and grinding machine of Type 2 EMU. In the past, because of the narrow construction space, it was only possible to touch and not see, and it took two people to work at the same time to complete the replacement in one hour. This problem was encountered when I first entered the EMU for maintenance. I have always kept it in mind. Although it has not been solved, I will ponder it when I have time. In 2018, I was inspired by the motorcycle brake line. It only takes one person to replace the grinding wheel of the EMU with this tooling now. There is also the air conditioning unit of Type 2 EMU at the bottom of the car. The air conditioning and refrigeration need heat exchange, and the filter screen needs to be kept clean. Problems often occur on the way. Faced with this problem, my team members and I are very anxious to collect data with the car. Later, we figured out a way, and we took early warning for air conditioning. Before the warning, after the air conditioner gives an alarm, all the filters are clean, which greatly increases the workload. Later, through early warning and daily tracking, the data of air conditioning units were collected and analyzed to find out the air conditioners with poor technology, and the targeted filter screen was cleaned and replaced at night, which reduced everyone’s workload.

　　Show the "artisan spirit" of industrial workers in the new era

　　Xia Fushan, team leader of locksmith in the second section of Workshop 53 of China Hangfa Xi ‘an Aeroengine Co., Ltd.:

　　We should not only have the spirit of hard work, dedication and dedication, but also have the "artisan spirit" of industrial workers in the new era.

　　Once the workshop encountered a very urgent task, and two arc locating keys with a width of 30 mm and 500 mm needed to be installed. This job has never been done before, and everyone has no idea. The leader trusted me very much and gave me this arduous task. Because the drawing is very complicated and there is no size on the general drawing, it needs to be converted into the final size through parts. I carefully analyzed the size by consulting the drawings and converted it, but it was very difficult to install it in two circular arcs with poor positioning, and I have been thinking about this problem since I got home. The task node is getting closer and closer, and the leader and foreman keep asking, "Little Summer, how is your task completed?" My heart is very anxious, like ants on hot bricks. When I got home, my father saw my state and kindly reminded me that you were stuck in a dead end, and another way could solve the problem.

　　After careful analysis, I found that the main problem of this work was that some stress changes occurred during the assembly process and deformation occurred. Through the communication with the technicians, the tooling structure was changed, and finally it was delivered smoothly according to the time and nodes. I was very happy and was recognized by the leaders.

　　As a model worker, I should be all-round. Through my hard training and the efforts of my apprentices, my team has three technical experts in Shaanxi Province, and one apprentice won the third place in the second skill competition in the province. I feel very pleased with their success.

　　It took more than 110 days to successfully complete the Everest survey task.

　　Li Guopeng, captain of the First Geodetic Team of the Ministry of Natural Resources:

　　In November 2019, the supreme leaderDuring President’s visit to Nepal, the joint statement signed by China and Nepal mentioned that since Mount Everest is a symbol of friendship between the two countries, the two countries will jointly publish the elevation of Mount Everest and conduct scientific research cooperation. In order to implement the spirit of the joint statement, the Ministry of Natural Resources, together with the Ministry of Foreign Affairs, the State Sports General Administration and the People’s Government of Xizang Autonomous Region, jointly carried out the elevation survey of Mount Everest in 2020. The joint elevation survey of Mount Everest by the two countries is also a concrete measure to enhance Sino-Nepalese friendship. This year coincides with the 65th anniversary of the establishment of diplomatic relations between China and Nepal, the 60th anniversary of the first human summit from the northern slope, and the 45th anniversary of Chinese’s accurate determination of the elevation of Mount Everest. Therefore, it is of great political and scientific significance to measure Mount Everest again.

　　The survey of Mount Everest is a comprehensive surveying and mapping project. China has carried out many surveys and mapping of Mount Everest in history, from the traditional survey and mapping of Mount Everest to the modern technology survey and mapping. In 1975, the height of Mount Everest was 8848.13 meters, which influenced the world for 30 years. It was also the first time that human beings accurately measured the height of Mount Everest, and it was quickly recognized by UNESCO. In 2005, we measured the elevation of Mount Everest by combining traditional and modern methods, and accurately obtained the elevation of the rock surface of Mount Everest of 8844.43 meters.

　　In this year’s Everest elevation survey, we entered Xizang on March 2 and withdrew around June 10, which lasted for more than 110 days. The process was very difficult, and we experienced three times of rushing to the top, and finally successfully completed the task.

　　Metro Line 4 "Surgery on the Heart" passed smoothly.

　　Liang Xijun, technical director of Xi ‘an Metro Command of China Railway No.1 Bureau Group Urban Rail Transit Engineering Co., Ltd.:

　　In 2014, as the project manager, I was in charge of the project of Xi ‘an Metro Line 4 passing through the railway station, which was constructed by large-section underground excavation method. The overlying soil was only 10.5 meters thick, and 5-8 meters was saturated soft loess. There should be 15 tracks and 14 groups of turnouts above the tunnel, and the subway construction should not affect the train traffic at the same time. There are more than 200 trains running every day, and one train passes in an average of 5 minutes. It puts forward very high technical requirements for us, and the environment is very complicated. It requires that the single-day settlement deformation should not exceed 1.5 mm and the cumulative settlement should not exceed 15 mm during the construction, which is the limit requirement for the saturated soft loess tunnel.

　　Many experts in the industry call it "operating on the heart". Operating on the heart means only allowing success but not failure. If it fails, if there is a big deformation, the train will be interrupted, and the middle of the train in Xi’ an Railway Station will affect the national train deployment, and even cause the train to derail and even crash. It’s very stressful to receive such a task for the first time.

　　I led the team to persevere. We set up four test sections before crossing the railway station, and optimized the scheme by groping for practice and collecting deformation parameters in the construction process, and formed corresponding construction methods and technologies through hard work. We took the computer to demonstrate the means we adopted on the spot through 3D video. In addition to the technical means adopted in the cave, we arranged more than 2,000 monitoring points on the ground, such as turnouts and pipelines, to monitor the whole process of the ground, and the monitoring data were fed back to the mobile APP every 10 minutes. The project managers received the information at the first time and immediately made judgments and adjustments. Through thousands of days and nights, we told the workers that the project managers accompanied all the workers to work together. It is through such persistence that we finally successfully completed the construction task of "operating on the heart".

　　Huashang Daily reporter Ren Ting

Source: Huashang. com-Huashang Daily

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　　According to the statistics of Johns Hopkins University at 17: 20 EDT on August 7th (5: 20 Beijing time on August 8th), the number of confirmed cases in COVID-19 has exceeded 35.73 million, reaching 35,730,560. The number of deaths exceeded 616,000, reaching 616,710. In the past 24 hours, the United States added 189,454 confirmed cases of COVID-19 and 894 new deaths.

　　In the United States, more than 100,000 new confirmed cases were reported daily in 7 days, and the infection situation of children in Florida was serious.

　　On August 7th, local time, CNN reported that the variation of Delta strain in Covid-19 once again triggered the deterioration of the COVID-19 epidemic in the United States.

　　According to the data of Johns Hopkins University as of the 6th, the average number of newly confirmed cases of COVID-19 in the United States has exceeded 107,140 in seven days, which is the first time since February that the average number of confirmed cases in seven days has exceeded 100,000. As the epidemic worsened and millions of children returned to school, more and more children in Florida, where the epidemic rebounded severely, were diagnosed with COVID-19.

　　Dr Irene Marty, an infectious disease expert at Florida International University, said that the children’s hospitals and medical staff in Florida are "overwhelmed" at present, and the ward utilization rate of Miami nicklaus Children’s Hospital has reached 116%.

　　BOCOG: Twenty-two new Olympic-related personnel were tested positive for Covid-19.

　　On August 7th, local time, BOCOG announced that 22 new Olympic-related personnel had tested positive for Covid-19. Among them, there are 4 Olympic-related personnel, 2 media personnel, 2 BOCOG staff, 13 outsourcing staff and 1 volunteer.

　　Up to now, there have been 404 cases of Covid-19 infection among Olympic-related personnel.

　　Russian expert: There was a Covid-19 super communicator with 1,500 people in Russia.

　　According to a report by the Tass news agency on the 7th local time, there was a Covid-19 super-communicator who infected 1,500 people in Russia, which is also the record of the super-communication of Covid-19 in Russia so far.

　　Semenoff, the head of Yekaterinburg Branch of Russian "Vector" National Science Center for Virology and Biotechnology, explained that usually an infected person infected with ordinary Covid-19 can infect 2-mdash; Three people, if infected with Delta mutant strain, may infect 5-mdash; Six people. Super infectious people can infect more people. He said that Covid-19 usually spreads through droplets, and it will spread to the greatest extent in some social occasions. If a person does not keep a social distance, does not wear a mask, but also squeezes the subway, goes to work, hugs and kisses other people during his illness, then he has a great chance of becoming a super communicator.

　　Brunei reported 7 confirmed cases in COVID-19, and the government tightened social control measures.

　　On the 7th, local time, Brunei reported 8 confirmed cases in COVID-19, 7 of which were local cases, which broke the record of 457 days of no local COVID-19 cases reported since May 6th, 2020.

　　The Brunei government announced on the same day that it will tighten social control measures from now on for two weeks. These measures include postponing all social gatherings, closing religious sites and indoor and outdoor leisure and sports venues, not providing in-class meals in restaurants but only allowing packaging, and starting online courses in schools and other educational institutions. The Brunei government also requires people to wear masks and use mobile phone software to track their health when entering and leaving public places, so that medical institutions can master relevant data and reduce the risk of epidemic situation.

　　Nepal launched "Mask Action" Buddhist nunThe Prime Minister called on the people to unite to fight the epidemic.

　　In order to control the spread of COVID-19 epidemic, Nepal’s Ministry of Health and Population announced on August 7th local time that the country would launch the "Mask Operation in Nepal" from August 7th to 13th.

　　On the afternoon of the 7th, Nepalese Prime Minister Deupa pointed out in a video speech that there were signs that Nepal would soon have a third epidemic. Deupa said that the government alone could not cope with the epidemic, and he called on the people to unite to tide over the difficulties. Deupa reminded Nepalese people not to go out unless necessary, and to observe health guidelines, wear masks and keep social distance when going out. He stressed that vaccination is an effective means to deal with the epidemic at present, and protection should also be paid attention to in accordance with health guidelines during vaccination.

　　Most epidemic prevention restrictions have been lifted in Wales, England.

　　According to British media reports on the 7th local time, from 6: 00 am on the 7th, the Welsh region of England entered the lowest level of epidemic prevention restriction level of "zero level". This means that the regulations on indoor social distance and the number of indoor parties in this area are over; Any business premises that are still closed, such as nightclubs, can be reopened. However, the relevant business premises must take epidemic prevention measures to ensure the safety of employees and customers. Wearing a mask is still a legal requirement in many public places.

　　Mark Drakford, Chief Minister of Wales, said that due to the steady decline in newly confirmed cases and the increase in vaccination in the past three weeks, most epidemic prevention regulations can now be abolished, but these changes do not mean "complete freedom".

Tucki MONA M03 ordered 2000 vehicles, will it last?

"Tucki MONA’s production capacity has been expanded twice in 10 days! This is a difficult decision. "On September 14th, He Xiaopeng, chairman of Xpeng Motors, sent such a Weibo.

On September 10th, Xpeng Motors Supply Chain Management Center issued an internal letter to suppliers, saying that the order volume of M03 has been rising rapidly. After locking more than 30,000 units in 48 hours, more than 2,000 units were added in a single day recently. We hope that supplier partners can improve their production capacity and ensure delivery efficiency.

Over the past year or so, the monthly sales volume in Xpeng Motors has been more than 10,000 vehicles. Why can MONA M03 order 2,000 vehicles a day now? What are the differences between MONA and previous models in Tucki?

Please see the analysis from Fang Dezhi.

Tucki MONA M03 exploded.

"Long drought meets rain". MONA M03 in Tucki sold well after it went public on August 27th, which was a "timely rain" for Tucki, where the sales volume has been sluggish in recent two years.

In "Wei Xiaoli", Xpeng Motors’s sales volume has been poor in recent two years, and the gap between it and Ideal and Weilai is getting bigger and bigger. Even Xiaomi Automobile, which entered the market in March, has to beat Tucki.

Since 2023, Tucki has launched new technologies and products frequently, but it is "praised but not sold"-the monthly sales volume still hovers around 10,000, far below the ideal of 40,000 to 50,000 and Weilai, which has reached the 20,000 mark.

Happiness comes too suddenly. On August 27th, Xpeng Motors MONA M03 was officially listed. After 48 hours of listing, 30,000 large orders were harvested. Then, the order exceeded 50,000 units, and then the daily order exceeded 2,000 units/day.

Tucki’s sudden "single explosion" surprised the whole industry and even the whole supply chain in Tucki. In order to increase production capacity quickly, Tucki mobilized the whole supply chain on September 10th. He Xiaopeng recently revealed, "In order to speed up the delivery progress, Tucki factory will not have a holiday on the 11th National Day. I believe this month will set a new record for the delivery of the first month."

It’s finally Tucki’s turn to pour wealth into the sky.

"Low price" urges MONA M03 in Tucki to sell well.

Low price is one of the most important reasons for the order explosion of MONA M03 in Tucki.

As the saying goes, there are no inappropriate products, only inappropriate prices. The first law of economics is that the lower the price, the greater the sales volume. Some new cars in Tucki had a high voice before they went on the market, but the sales after they went on the market were less than expected. The biggest reason was the high price.

In 2022, on the day Tucki G9 went public, Li Xiang, CEO of LI, praised a Weibo, the content of which was that nearly 80% people thought that the price of Tucki G9 was higher than expected.

Less than 48 hours after the conference, Tucki G9 announced a new scheme. Compared with the original scheme, the new scheme not only changed the vehicle configuration, but also reduced the price by 20,000 in disguise. It was called by some media as "the fastest price reduction after the new car went on the market in the history of automobiles."

Tucki MONA M03, it’s different this time.

He Xiaopeng said at the press conference that it was difficult to make up his mind on how to set the price, and it was not decided until the release. In the end, Tucki MONA M03 learned the lesson of high new car pricing before, and the price reached the designated position in one step, starting from 119,800 yuan, far lower than the price of about 150,000 yuan generally speculated by the industry before.

Users immediately confirmed this pricing with their feet. After listing, it was set to break 10,000 in 52 minutes and 30,000 in 48 hours. 

Tucki MONA M03 not only learned the lesson that G9 was overpriced before, but also solved the problem of complicated models and configurations. In 2022, Tucki G9′ s "SKU incident" became a negative example of the industry: six models, three series of G, E and X, three kinds of battery life of 570, 650 and 702km, as well as a performance version, a commemorative version for listing and so on. There are too many configurations, and the functions that should be standard need to be added, but some low-end versions can’t be added, which is equivalent to furnishings, and even the configuration and optional packages are mutually exclusive. So that everyone is passing on a "maze diagram": before placing an order, please follow the process of "breaking through four levels", the first step is to select performance, the second step is to select battery life, and the third step is to select intelligence … If you find that you can’t choose in the third step, please go back to the first step and choose again …

Tucki MONA M03, it’s different this time.

There are only three models of M03: 515 long battery life version, 620 long battery life version and 580 long battery life version Max, and the prices are 119,800 yuan, 129,800 yuan and 155,800 yuan respectively.

Grasp the main contradiction of "endurance"

In addition to the price, Tucki MONA M03 has also grasped the main contradiction of electric vehicles: battery life.

Battery life is the short board of electric vehicles. If battery life is not solved, it will not be able to replace fuel vehicles. In the past two years, the growth rate of hybrid (including extended range) fires is much higher than that of ultra-pure trams. The main reason is that hybrid cars can have the benefits of new energy vehicles, but they have no endurance anxiety.

Before Tucki, some cars looked full of science and technology, but the sales volume was in the same price model, and Tucki had no advantage or disadvantage in endurance.

Tucki MONA M03, it’s different this time.

Tucki MONA M03 has a starting life of 515kM and is equipped with a 51.8kWh blade battery pack; The long battery life version has been increased to 620kM. In addition, it also has the fast charging ability of charging to 200km in 15 minutes.

More than half of the orders of MONA M03 in Tucki come from the long battery life version, which fully shows that under the same budget, the most important thing for electric vehicle users is battery life. You can buy a pure tram with a battery life of 620 kilometers at a price of less than 130 thousand, which is of course very competitive.

Let intelligence really land.

If endurance is a disadvantage, then intelligence is the advantage of electric vehicles, and Tucki is also the best at intelligence. However, the intelligent advantages of Tucki’s previous models have not really been perceived by consumers.

Tucki MONA M03, it’s different this time.

The top model with a price of 155,800 yuan is M03, which has XNGP Tucki intelligent navigation assisted driving system. This is basically about 150,000 yuan, and it is the only vehicle with NOA function in cities that can be opened in China. Looking at many domestic models, it is almost unique to be equipped with dual NVIDIA OrinX chips at this price.

The price of 119,800 yuan and 129,800 yuan M03, which are more close to the people, are equipped with ACC adaptive cruise, LCC lane centering assistance, intelligent assisted parking and other functions as standard. At present, intelligent driving is still in the process of rapid "learning iteration", and the most practical function is intelligent assisted parking. A car with less than 120 thousand can have intelligent assisted parking, which is simply full of happiness.

The long board is longer and the short board is not short. The M03 with 129,800 yuan can be said to be the lowest price, with long battery life and the most practical intelligent driving function. How can it not catch fire?

Will the big sale be high and low?

It was an instant hit, and it was not the first time for Xpeng Motors. Previously, some models in Tucki were sold on the market, such as the G6 in Tucki, but orders went high and low.

Will Tucki M03 repeat the same mistakes or continue Changhong?

If we analyze the reasons for Tucki G6′ s high opening and low going, we will find that channel and delivery capacity are one of the reasons.

Tucki, it’s different this time.

In terms of channels, the channels in Tucki are not what they used to be. After Wang Fengying arrived in Tucki, he led the channel reform. In September, 2023, Xpeng Motors launched the "Jupiter Plan" and completed the investment promotion of more than 100 new general stores in just two months.

In terms of delivery capacity, Tucki MONA M03 was well prepared before listing. He Xiaopeng said: "We are also focusing on promoting all aspects of supply chain, production, marketing, sales, delivery and service to create a more efficient horizontal scale system capability, and support us to launch and deliver new products with more intensive product cycles."

Can Tucki make a turnaround?

There is another reason why many models in Tucki were not popular before, and that is, after entering the market, the quality and service were delayed. During March 15th, 2024, Beijing News Shell Finance reported that Xpeng Motors’s endurance performance was inconsistent with the actual publicity and was questioned by users as "false standard".

Quality is the lifeline of automobile products. Whether Xpeng Motors can achieve "long-term stability" through MONA M03 depends on the most critical factor supporting the sustainable competitiveness of this product-quality.

Can Tucki MONA M03 be different this time?

　　Cctv news(Reporter Wang Jiazhu) How was Xueba made? Since last week, scores of college entrance examination have been published all over the country, and a group of students with high scores in college entrance examination have disclosed their learning methods.

　　The reporter found that positive energy factors such as good study habits, strict requirements for oneself, learning according to the teacher’s methods, timely summary and analysis, and extensive hobbies are almost reflected in every high-scoring candidate.

　　Shanghai blind candidates with high scores: never "burn the midnight oil" without turning on the mobile phone for a week.

　　Wang Yun, a blind candidate in Shanghai, scored 623 points in the college entrance examination and was praised as "inspirational" by netizens.

　　Wang Yun’s mother said that Wang Yun has always been treated like an ordinary child, asking him to do his own thing, learning is his own thing, and he should set his own goals and work hard. In order not to affect her study, Wang Yun kept her cell phone off for a whole week except to report her safety when she got to school on Monday and make a phone call when she got on the bus when she got home on Friday. In addition, because it is not easy to be influenced by the external environment, Wang Yun has concentrated his learning energy and his learning efficiency has been very high. Wash and rest after 9 pm, don’t get up before 7 am, and never "burn the midnight oil". This routine has not changed until the college entrance examination.

　　Wang Yun is not only self-reliant, independent, sunny and kind, but also excellent in all aspects. Wang Yun’s class teacher introduced that Wang Yun has very fluent and pure spoken English, can swim, ride a bike and run a marathon with his father. In addition, he is also very good at musical instruments. He has obtained Grade 10 of bamboo flute and Grade 8 of piano, which can be said to be an all-round development and excellent child in all aspects.

　　Candidates with high scores in liberal arts in Anhui college entrance examination: never being a "nerd" and never attending cram school.

　　Zheng Chenxiao is a high-scoring candidate in the liberal arts of the college entrance examination in Anhui Province in 2018. He has been the top three in the grade since childhood and also served as a student cadre.

　　Zheng Chenxiao’s high school alma mater, Hefei No.1 Middle School, asked not to engage in "sea tactics" and not to be a "nerd". During high school, Zheng Chenxiao never attended training classes or cram schools. The only thing she insisted on was attending some English summer camps or winter camps.

　　Zheng Chenxiao said that when studying mathematics, she likes to choose different methods to solve the same problem, and then choose the optimal solution with the shortest time limit; When studying Chinese, she reads widely, and the books she has read are miscellaneous. She likes to analyze social hot issues by herself, find out different viewpoints independently, and broaden the depth of her view of these social issues. In English learning, she usually prefers to recite English words, and she has recited the vocabulary list of IELTS English before the college entrance examination, which makes it effortless for her to do English reading comprehension questions.

　　Zheng Chenxiao’s family atmosphere is free and democratic, and the relationship between parents and children is an equal and almost "friend-like" relationship. Mother Zheng thinks that the greatest advantage of her daughter is her strong planning, and she is especially good at planning her own study and life.

　　Zhejiang high-scoring candidates: I believe that the teacher’s rhythm improves learning efficiency.

　　There are almost no extra-curricular remedial classes for children. We trust the teacher and trust her, and believe in the teacher’s teaching rhythm. Children learn in class in full accordance with the teacher’s rhythm … … This is the children’s learning method summarized by the father of Zhang Chuyi, a high-scoring candidate in Zhejiang college entrance examination.

　　Mother Zhang revealed that Zhang Chuyi’s study habits were very good when she was in primary and secondary schools, and she was by no means a "bookworm", because after she finished her homework, she would know how to relax, release pressure by listening to music and doing sports, and learn more vigorously.

　　Xia Kelian, Zhang Chuyi’s teacher, said that Zhang Chuyi studied both arts and sciences at school, which not only made outstanding achievements in cultural courses, but also developed his quality in an all-round way. In the past three years, Zhang Chuyi has been the monitor of the experimental class and the president of the student union, and he is quite talented in speaking, singing and hosting. "In the past three years, she has never participated in competition counseling and extracurricular training, and has never missed a class, but she has almost won the prizes of national competitions such as mathematics, physics, English and composition."

　　Xu Jiazheng from Zhejiang Changxing Middle School is also a high-scoring candidate with a total score of 711. He said that efficient study is the key. "In normal study, I mainly follow the teacher, and Chinese and English will add some extracurricular reading materials. Only before participating in the physics competition will you brush the questions. " He said, "Only by focusing on what you are doing now can learning improve efficiency."

　　Fujian high-scoring candidates: sorting out and analyzing exercises, loving reading and thinking hard

　　Huang Yichen, from Yangzheng Middle School in Jinjiang, Fujian Province, became the leader in the liberal arts college entrance examination in Fujian Province with a high score of 687. Huang Yichen’s parents are both teachers. Influenced by his family, Huang Yichen developed a good habit of loving reading since childhood.

　　Huang Yichen said that it is very important to organize and reflect. She likes to organize some exercises and review materials by herself to deepen her memory and fill in the gaps in time. She thinks that it is useless to do more homework if the knowledge of the subject is not clear.

　　"In the third year of high school, health is very important, so we will strengthen physical exercise after class, such as running and playing table tennis." Huang Yichen said. Besides Chinese, she also has hobbies such as Chinese painting, calligraphy and riddles.

　　Chen Ruijue, a liberal arts candidate from Xiamen Shuangshi Middle School, scored 686 points in the college entrance examination. Although he is a bully, Chen Ruijue is not a "nerd" at all. She has a wide range of hobbies, likes reading and writing, and has published many articles in newspapers.

　　Liu Liliang from Xiamen No.1 Middle School also stood out in the college entrance examination. Liu Liliang loves reading A Dream of Red Mansions, and she has been reading books on the study of Dream of Red Mansions since primary school. She said that primary school looked at scenes. Now, there are many dimensions, such as looking at the author’s ideas from a literary perspective, analyzing the fate of characters, and looking at historical events reflected from them from a historical perspective.

　　Guangdong high-scoring candidates: the power brought by example

　　Jiajie Zhang, a liberal arts candidate in Foshan, Guangdong, scored well in the college entrance examination. As a native of Macau, Jiajie Zhang took the national entrance examination for Hong Kong, Macao and Taiwan (liberal arts). Unlike the mainland college entrance examination, there was no political examination.

　　Jiajie Zhang said that he usually prefers reading social science books. In the face of the college entrance examination, he has no pressure, and he feels like a normal exam. In the process of learning, he pays great attention to the combination of work and rest. "If you get enough sleep, your learning efficiency will be high." Besides, he felt that there was no shortcut to study, so he just followed the teacher’s method to study in a down-to-earth manner.

　　Li Rujia, from Shunde No.1 Middle School in Foshan, Guangdong Province, was admitted to the top 40 in the province with a good score of 652 in the college entrance examination. She thinks that she has achieved such good results and has the power brought by idols. Li Rujia said that her idol is Karry, and Karry’s positive energy image has given her a lot of motivation to move forward.

In today’s society, it is very important for everyone in the workplace to understand the calculation method and basis of three insurances and one gold.

First of all, let’s talk about the old-age insurance in "three insurances and one gold". The payment of endowment insurance is shared by units and individuals. The proportion of unit contributions is generally 16%, and the proportion of individual contributions is 8%. The payment base is usually determined according to the average monthly salary of employees in the previous year. However, it should be noted that the payment base has upper and lower limits. If the employee’s salary is lower than the local lower limit, the lower limit will be used as the payment base; If it is higher than the upper limit, the upper limit will be used as the payment base. The following is a simple sample table:

Medical insurance is calculated in a similar way. The proportion of unit payment is generally between 6% and 10%, and the proportion of individual payment is 2%. Similarly, the payment base is also determined according to the wages of employees.

Unemployment insurance, the unit contribution ratio is usually 0.5%-2%, and the individual contribution ratio is 0.5%.

The deposit ratio of housing provident fund is between 5% and 12%, which is chosen by units and individuals. The deposit ratio of units and individuals is the same. For example, both units and individuals choose a deposit ratio of 10%. If the employee’s monthly salary is 8,000 yuan, then the unit will deposit it in 800 yuan and the individual will deposit it in 800 yuan every month, and the employee’s monthly housing provident fund account will deposit 1,600 yuan.

The basis of this calculation method mainly lies in safeguarding the rights and interests of workers and social stability. Through the joint payment of units and individuals, it provides certain economic security for employees in retirement, illness, unemployment and other circumstances. At the same time, the upper and lower limits of the payment base can not only ensure the basic level of protection, but also avoid the excessive burden on units and individuals caused by too high or too low payment.

In a word, a clear understanding of the calculation method and basis of "three insurances and one fund" will help us to better plan our personal financial and career and protect our legitimate rights and interests.

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