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The ＂darkest＂ secret？ Don’t say ＂darkest＂ to black holes and galaxies.

Roger Penrose (left), Reinhard Genzel (center), Andrea Gaetz (right). Image from the official website of the Nobel Prize

　　Kant said that there are two things in the world that can shake people’s hearts: one is the high moral standards in our hearts; the other is the starry sky above us.

　　In 2020, three scientists won this year’s Nobel Prize in Physics for discovering one of the universe’s strangest phenomena – black holes.

　　Where all known laws fail

　　An overweight monster will capture anything that enters its "hunting range," not even light can escape. This is a black hole. In many cultural forms, the word black hole has a deeper meaning, but for physicists, black holes have always been the product of the natural death of giant stars after they ran out of energy.

　　In the last century, Einstein’s theory of general relativity upended all notions of space and time; Oppenheimer calculated the violent collapse of a massive star. But these were considered purely theoretical conjectures until one man, who first succeeded in finding a solution to reality, was Roger Penrose. He used clever mathematics to show that black holes are a direct prediction of Einstein’s general theory of relativity. Black holes hide incomprehensible strangeness, in which all known laws of nature stop. Published 10 years after Einstein’s death, this paper is regarded as the most important contribution to general relativity.

　　There is only one answer: supermassive black holes

　　Reinhard Genzel and Andrea Gaetz each led a team of astronomers that successfully mapped the orbits of the brightest stars closest to the center of the Milky Way, and both groups found that there was an invisible, but very heavy object that caused these stars to rotate around at an alarming rate.

　　What is this invisible object that weighs as much as 4 million solar masses? According to the attractive force theory, there is only one possible explanation – a supermassive black hole.

　　Using the world’s largest telescope to see the center of the Milky Way through giant clouds of interstellar gas and dust, Gentzel and Gates have stretched the limits of technology, perfected new techniques, compensated for distortions caused by Earth’s atmosphere, and created unique instruments that can be used for long-term studies. Their work provides the most convincing evidence yet of a supermassive black hole at the center of the Milky Way, as well as clues to new theoretical insights.

　　If anything lasts forever, it’s the unknown.

　　Penrose’s work tells us that black holes are a direct result of general relativity, and Genzel and Gaetz have done precise tests of general relativity and its predictions. But in the midst of infinitely large singular attractive forces, the theory no longer applies. Scientists are creating a new theory of quantum attractive forces. This must bring together the two pillars of physics, relativity and quantum mechanics, which will meet inside black holes.

　　"It’s not just about their internal structure, but also about how to test our theory of attractive forces in the extreme conditions in the immediate vicinity of black holes," said David Havilland, chairperson of the Nobel physics committee. He believes that it is the discoveries of this year’s winners that have opened up new horizons in the study of compact and supermassive celestial bodies, but these peculiar objects still pose many questions to humanity and inspire people to come up with answers through research.

Huawei’s automobile leading action! Xiaokang shares announced its name change to ＂Sailis＂

Xiaokang, a local listed company in Chongqing, announced its name change!

Xiaokang Co., Ltd. is the first partner of Huawei’s smart car selection, and its Celestial car and Huawei have built the series of cars. On July 12th, Xiaokang shares opened slightly higher, and then remained volatile. As of press time, Xiaokang shares rose 0.26% to 74.69 yuan. On April 27 this year, the intraday low of Xiaokang shares was 32.70 yuan.

On July 11th, Xiaokang announced that in order to facilitate investors to accurately understand the current company positioning, match the company name with business and strategic planning, unify the company brand image and enhance the brand value, the company intends to change the company name and adjust the company securities abbreviation accordingly. Among them, the abbreviation of the company’s securities is planned to be changed from "Xiaokang Shares" to "Sailis".

"Well-off" represents a glorious past.

"Sailis" represents the future of transformation and development.

"Sailis" is the name of the brand of new energy vehicles under Xiaokang. In 2017, Jin Kang New Energy, a subsidiary of Xiaokang Co., Ltd., acquired AM General’s civil automobile factory in Indiana in the United States. In 2019, Jin Kang New Energy launched the new energy SUV SF5 of the Celeste brand. In May this year, Jin Kang New Energy was renamed Sailisi Automobile Co., Ltd. As a result, Cyrus has basically become synonymous with the new energy automobile sector of Xiaokang shares.

As to why the group name should be changed to "Sailis" this time, Xiaokang shares explained in the announcement that it is to facilitate investors to accurately understand the current company positioning, match the company name with business and strategic planning, unify the company brand image and enhance brand value.　

The word "Xiaokang" has been used as the enterprise name of Xiaokang shares for 15 years. The birth of Xiaokang shares can be traced back to 1986, originally called Chongqing Baxian Phoenix Electric Spring Factory, and later evolved into Yu ‘an Group. In June 2003, Yu ‘an Group and Dongfeng Company jointly established "Dongfeng Yu ‘an Vehicle Co., Ltd." to produce and sell "Dongfeng Xiaokang" brand mini-cars.

In 2007, Dongfeng Xiaokang won the endorsement of Wang Baoqiang, the star of Soldier Assault, which was quickly spread all over the country by regional brands. Together with Wuling Hongguang and Changan Star, Dongfeng Xiaokang was also called "the three giants of China mini-cars". Seeing that the name of "Dongfeng Xiaokang" is so resounding, Yu ‘an Group took the opportunity to directly change its name to Chongqing Xiaokang Automobile Group Co., Ltd. in 2007. Although it was renamed as "Xiaokang Shares" again in 2011, the word "Xiaokang" still exists.

It can be seen that the word "Xiaokang" represents the once glorious past of Xiaokang shares, while the word "Sailis" is regarded by Xiaokang shares as the future of its own transformation and development.

Rename Cyrus

Xiaokang started the third venture.

The renaming of Cyrus is also the inevitable result of Xiaokang’s third venture. In fact, Xiaokang is an enterprise with a history of 36 years. In the fierce market changes, it dares to seize the trend of the times and boldly innovate, and has gone through three ventures. In 1986, well-off people started from a spring and started their first entrepreneurial journey; In 2003, Xiaokang cooperated with Dongfeng Group to enter the field of vehicle manufacturing; Since 2016, Xiaokang has begun to enter the field of new energy, and is committed to transforming the enterprise from a traditional automobile manufacturer into a global smart car brand enterprise with international competitiveness.

Among many enterprises that claim to expand their territory in the field of new energy, Xiaokang is the one with the longest layout and the most practical actions. In the past six years, Xiaokang has invested nearly 10 billion yuan in research and development, and the annual investment in innovative research and development exceeds 10% of sales revenue. It has cultivated and formed core technologies such as electronic control and electric drive with independent intellectual property rights. At present, Xiaokang shares have nearly 3,000 patented technologies, including more than 150 invention patents. The brand-new Phoenix Smart Factory and Liangjiang Smart Factory built in accordance with the Industry 4.0 standard provide a strong guarantee for the company’s new energy vehicle delivery.

Last year, the cooperation between Xiaokang and Huawei pioneered the deep cross-border integration of smart car joint business. The two sides have empowered each other, and the cooperation in core technologies, products and channels has been deepened. The product strength and brand strength of Cyrus have been significantly improved and become a strong dark horse in the new energy vehicle market.

The sales of Wenjie series cars are hot.

Xiaokang Co., Ltd. is the first partner of Huawei’s intelligent car selection model. Sailis Automobile, a subsidiary of Xiaokang Co., Ltd., and Huawei have built AITO brand high-end smart cars, and Huawei also sells cars in stores.

As the first smart car equipped with a HarmonyOS smart cockpit, the sales volume of the M5 has been increasing since it was delivered in March this year.

On July 9, the data released by the Association showed that in June 2022, in the sales ranking of new energy SUV vehicles, the M5 ranked eighth in China with 7021 vehicles, and its sales ranking was one place behind BYD Tang.

In December 2021, the share price of Xiaokang shares fluctuated downward, all the way down to the intraday low of 32.70 yuan/share on April 27, 2022. Affected by factors such as the rising sales of M5, the share price of Xiaokang shares rose sharply in May and June, and rose to 90.5 yuan/share in intraday trading on June 28th, hitting a new high. On July 11th, the share price of Xiaokang shares closed at 74.50 yuan/share, with a total market value of 101.3 billion yuan.

Huawei recently released M7, the second smart car of AITO brand. On July 7th, at the 14th China Automotive Blue Book Forum, Yu Chengdong, managing director of Huawei and CEO of smart car solutions business group, said that the order volume of M7 has exceeded 50,000.

Soochow securities believes that the sales volume of M7 is worth looking forward to. 2022 -2025 is the golden period for the penetration rate of new energy vehicles in China to break through from 15% to over 50%, and it is also the period for business model innovation. The innovative cooperation model between Huawei and Xiaokang is in an important verification period.

AVIC Securities said that there are currently more than 5,500 offline experience stores in Huawei, much higher than other new energy vehicle companies. Huawei’s brand influence and strong channel advantages will empower car companies and help them sell good cars. It is expected that more car companies will choose Huawei’s smart car selection mode cooperation in the future.

The upstream news integrates china securities journal, Economic Observer Network and China Economic News Network.

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