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In an interview on March 22, local time, U.S. Treasury Secretary Bessent once again defended the military action against Iraq, proposing the logic that "sometimes escalation is necessary to achieve de-escalation" and at the same time sending a tough signal that troops may be sent to control Khark Island. This logic was bluntly refuted by U.S. Democratic congressmen: "They seem to have never read the history books."

This statement comes as the Trump administration is increasing pressure on Iran. On the one hand, it threatens to attack energy infrastructure and requires Iran to reopen the Strait of Hormuz. On the other hand, it announces the easing of some oil sanctions on Iran to ease the pressure of rising global energy prices. Iran has warned that if its energy infrastructure is attacked, it will close the Strait of Hormuz indefinitely and retaliate.

"Upgrade for downgrade"

Bessant made the statement during an interview with NBC's "Meet the Press" program. He argued that there is no contradiction between "escalation" and "deescalation" in the current U.S. policy toward Iran.

"They are not mutually exclusive. Sometimes you have to upgrade before you can eventually downgrade," he said.

Bessant interviewed by NBC News

This statement follows a tough warning from US President Trump. Just a few hours ago, Trump posted on social platforms that he had issued a "48-hour ultimatum" to the Iranian leadership, requiring it to reopen the Strait of Hormuz, otherwise the United States would launch an attack on Iran's energy infrastructure.

Trump wrote in the post that if Iran does not take action, the United States will "strike and destroy its various power facilities, starting with the largest."

Bessant publicly defended Trump's choice of words, saying it was "the only language Iranians understand."

At the same time, Iran responded quickly. According to the Iranian National News Agency (IRNA), an Iranian military spokesman warned that if the United States launches an attack on Iran’s energy infrastructure, Iran will attack the fuel, energy, information technology systems and desalination facilities of the United States and its regional allies.

According to CNN, the Iranian military also stated that once the United States attacks its energy facilities, Iran may close the Strait of Hormuz indefinitely and will not reopen it until the damaged or destroyed facilities are rebuilt.

Iran also threatened to expand its attack scope to include Israeli energy and communications infrastructure and may target "similar companies with American shareholders in the region."

The Strait of Hormuz is one of the world's most important energy transportation channels, responsible for about one-fifth of global oil and natural gas transportation. Since the conflict began, restricted access to the strait has had a significant impact on global energy markets, with oil prices experiencing sharp fluctuations.

The Associated Press (AP) noted that despite Trump and his allies’ insistence, they have always been prepared for Iran’s possible blockade of the strait. However, Trump's erratic strategy has triggered a wave of criticism that he rushed to war without a clear exit plan and is now scrambling to find a response.

“Trump has no plan to reopen the Strait of Hormuz, so he is threatening to attack civilian power plants in Iran,” Sen. Ed Markey, D-Mass., warned, “This would constitute a war crime.”

"He has lost control of the war and is panicking," said Sen. Chris Murphy, D-Conn.

Jeffrey Cohen, a law professor at Texas Tech University, a retired Army lieutenant colonel, and a former military lawyer, noted that Trump's post did not look like a document that had undergone careful legal scrutiny to justify an attack on civilian infrastructure.

"It does give a sense of – prepare, fire, aim again," Cohen said of Trump's changing tactics. "He's overestimating his ability to control the situation after unleashing this torrent of violence."

Cohen said such a large-scale attack would likely constitute a war crime. For military leaders, this could force a choice: obey orders to carry out war crimes or refuse orders and face criminal sanctions for willful disobedience.

Will Khalk Island become a US asset?

At the military level, the United States has recently continued to advance its strikes against Iran. Trump previously stated in an interview with NBC that the US military had "totally destroyed" military facilities on Iran's Khark Island, but deliberately avoided damaging energy pipelines.

"As you know, I did not take action on the energy lines because that would take years to rebuild," he said.

However, Trump later added that the United States "may fight a few more times, just for fun." This statement attracted attention from the outside world.

Khark Island is one of Iran's most important oil export hubs, about 24 kilometers away from the Iranian mainland. U.S. officials previously told the media that the White House is evaluating whether to send troops to the island to ensure the safety of related energy facilities.

In this regard, Bessant said in the interview that "all options are on the table," including sending US troops to control the islands.

The location of Khalk Island

In a previous interview with Fox Business Channel, he said that "military assets on Khark Island have been destroyed" and said, "We will wait and see whether it will eventually become a U.S. asset." However, he did not further explain the specific meaning of this statement.

While maintaining military pressure, the U.S. government is also taking actions on energy policy to ease market pressure.

The U.S. Treasury Department announced last week that it would allow the sale of Iranian oil currently stranded at sea. Bessant said the measure would "quickly deliver approximately 140 million barrels of oil to global markets" to ease supply pressure caused by tensions.

He said the oil "would have been sold" and often traded at a discount.

"This oil would have entered the market," Bessant said.

As for why Iran was allowed to sell oil during the conflict, Bessant said the move helped drive down oil prices, thereby reducing Iran's revenue from oil sales.

"If oil prices rise to $150, can they get 70% of the proceeds, or is it better if oil prices are below $100?" he asked rhetorically.

Bessant also said the measure would help U.S. Asian allies such as Japan, South Korea, Indonesia and Malaysia cope with rising energy prices.

"They seem to have never read a history book"

At the diplomatic level, the United States is working hard to coordinate with its allies on plans to reopen the Strait of Hormuz. Trump previously said that he was working with international allies to formulate relevant plans.

However, the specific content of the relevant plans is currently unclear.

Affected by the epidemic, global energy prices continue to rise, and domestic gasoline prices in the United States have also increased significantly.

Bessent said in the interview that it is currently impossible to determine when oil prices will fall back.

"I don't know if it's 30 days, 50 days or 100 days."

He also argued that "these short-term costs are worth it" if Iran's nuclear threat can be eliminated and long-term stability achieved.

It is worth mentioning that the former Iranian Crown Prince Reza Pahlavi, who has been exiled overseas for a long time, also called on the United States and Israel to avoid attacking Iranian civilian infrastructure.

He said on social media that the infrastructure "belongs to the Iranian people and the future of a free Iran."

The Trump administration’s Iran policy has set off a wave of domestic opposition. Analysts believe that rising oil prices have also put pressure on U.S. domestic politics and may have an impact on the upcoming midterm elections.

Democratic Congressman Murphy publicly criticized government policies when appearing on the same NBC program, saying that the current situation is "getting out of control" and pointed out that rising energy prices are affecting the American people.

"This war is getting out of control and prices are rising," he said.

"They seem to have never read history books." In response to Bessant's statement of "escalation in exchange for deescalation," Murphy said that this logic ignores historical lessons and is reminiscent of the Vietnam War and the Afghanistan War.

"It's like what we said during the Vietnam War, and it's like what we said for 20 years in Afghanistan."

"We need to end this war," he said.

The Associated Press published an article on March 23 stating that in order to resolve the crisis in the Strait of Hormuz, Trump was in desperate need of medical attention and was switching back and forth between a series of desperate options. From pressuring countries to send warships to escort, to lifting oil-related sanctions, to threatening to destroy Iran's civilian infrastructure, he has used almost all the tricks at his disposal, but has not made significant progress so far, and may also stimulate Iran to fight back more fiercely.

The United States and Israel suddenly launched a war against Iran at the end of last month. Although Trump and his allies had repeatedly insisted that they were prepared for Iran's possible blockade of the Strait of Hormuz, when the crisis did arise, Trump's strategy seemed disorganized. This triggered criticism from the outside world, accusing him of blindly starting the war without thinking about how it would end.

On March 21, local time, Trump issued an "ultimatum" to Iran, requiring the latter to open the Strait of Hormuz within 48 hours, otherwise the United States would destroy Iran's power plants. Critics believe that Trump has misjudged the path out of the geopolitical dilemma, and the current pressure is a manifestation of his failure.

“Trump has no strategy for reopening the Strait of Hormuz, so he threatened to attack Iranian civilian power plants,” said Massachusetts Democratic U.S. Senator Ed Markey, warning that Trump’s move would constitute a war crime.

Connecticut Democratic U.S. Senator Chris Murphy said more bluntly: "He (Trump) has lost control of the war and he is panicking."

On March 14, 2026 local time, in California, the United States, an oil price display board. IC Photo

The Associated Press pointed out that soaring oil prices have shocked global energy markets and continued to put pressure on American consumers in the months before the mid-term elections, which has increased the urgency faced by Trump. Against this background, Trump continued to adjust his strategy for dealing with the blockade of the Strait of Hormuz for about a week.

On March 14, Trump tried to resolve the crisis through diplomatic means. He called for the establishment of an international alliance to escort the Strait of Hormuz. But U.S. allies have expressed their rejection. Later, an angry Trump said that the United States could deal with it alone.

On March 20, Trump hinted that other countries may have to take over, saying that with the United States no longer responsible for guarding and patrolling the Strait of Hormuz, this work should be undertaken by the countries using the Strait. Hours later, he said the channel would "open on its own."

"You can't create trouble to some extent and then suddenly step back and expect others to clean up the mess," said North Carolina Republican U.S. Senator Thom Tillis.

In order to increase supply in the oil market, the Office of Foreign Assets Control under the U.S. Department of the Treasury issued a general licensing document on the 20th, allowing the delivery and sale of Iranian crude oil and petroleum products that have been shipped as of that day. This is the first time in decades that the United States has lifted sanctions on some Iranian oil. Previously, the United States also temporarily lifted sanctions on some Russian oil. It's unclear how much these moves will lower oil prices.

Since the United States and Israel launched military strikes against Iran, international oil prices have risen by about 50%, reaching a peak of nearly $120 per barrel.

Trump's latest threat takes direct aim at Iran's civilian facilities. He posted on social media on the 21st: "If Iran fails to fully open the Strait of Hormuz without threats within 48 hours from now, the United States will attack and destroy Iran's various power plants, starting with the largest one!"

Jeffrey Cohen, a retired U.S. Army lieutenant colonel and Texas Tech University law professor, said Trump's remarks did not appear to be information that would have been subject to legal scrutiny to justify attacks on civilian facilities.

"There was a sense of 'ready, fire, aim,'" Cohen said. "He overestimated his ability to control the situation after unleashing this torrent of violence."

Cohen said such a widespread attack would likely constitute a war crime. For military brass, this could force them to choose between enforcing war-crime orders or refusing to do so, thereby facing criminal penalties for willful disobedience.

Iran's ambassador to the United Nations warned in a letter to the Security Council that deliberately targeting power plants would be an indiscriminate attack and constitute a war crime, the Islamic Republic News Agency reported.

According to reports, Trump’s threats may backfire. Iran's Islamic Revolutionary Guard Corps warned on the 22nd that if Trump's threat to attack Iranian power stations is implemented, Iran will immediately take four measures, including completely closing the Strait of Hormuz, attacking all Israeli power stations, energy and information technology facilities, completely destroying all US-owned companies in the Middle East, and attacking power stations in Middle Eastern countries with US military bases.

At 0:00 on March 7, the well-known actress He Yin (the first generation of "Qiong Girl") updated a vlog on the social network. She wrote poetically: "Spring has an appointment, flowers are not missed, and every year is worth it." She also tagged "cake" and "love" emojis, seemingly in a very beautiful mood.

It turned out that the 16th was the 58th birthday of "Qiong Yao Girl" He Yin. His filial son Huang Boyuan (born from his marriage to actor ex-husband Huang Zhizhong) warmly sent flowers and cakes to his mother, and was responsible for capturing the warm moments in the camera.

In the recent photos exposed, the "birthday girl" is seen sitting by the window of the study dressed in homely attire, smiling in the mirror, gentle and elegant, simple and generous, looking like she has been peacefully passing through the years.

After the simple birthday celebration ceremony, He Yin, who was in a good mood, put on a scarf and changed into an age-reducing outfit and went to the open outdoors. She continued to take pictures beautifully. She looked back and smiled and still felt girlish, as if she had returned to the "Purple Smoke" on the silver screen in the past.

She is nearly 60 years old. She is well-maintained and good at maintaining her appearance. Her skin is fair and transparent, and she has a slender figure with no signs of gaining weight. She is much younger than her peers. After all, she was a first-class beauty in her youth.

Below the comment area, many fans also sent birthday wishes, leaving messages saying, "May Teacher He have this day every year, may you have this day every year, may you have a smile on your brows, always smile, stay young forever, and happy birthday"!

When some netizens praised her, "Time still can't defeat your appearance", He Yin politely replied in person: "Thank you"!

It is reported that He Yin was born in Sichuan on March 16, 1967. He graduated from Chengdu Preschool Normal School. Because of her stunning costumes and outstanding temperament, she was recognized by Qiong Yao and invited to join the industry. She has played Jiao Jiao in "The Legend of Jianghu", Zi Yan in "Plum Blossom Three Lanes – Ghost Husband", Qu Huilan in "Cao Xueqin", Li Hong in "In the Name of Friends", Gao Junling in "Home Cooking", etc. Her acting skills are well-known.

Emotionally, she and her colleague Huang Zhizhong, who is two years younger, became attached to each other in the TV series "Mainlanders". After dating for half a year, they got married and gave birth to a son named Huang Boyuan in September 2002, forming a family of three.

Unfortunately, this marriage did not last long. In December 2011, Huang Zhizhong and He Yin parted ways, and their 13-year marriage came to an end. According to legend, the man cheated during marriage and became the main reason for the divorce. It is very sad!

After her divorce, He Yin won custody of her son. As a mother, she took care of her son while filming. The mother and son depended on each other.

She has always been proud of her son, but she couldn't bear to worry about her son going to study abroad alone, so she decisively suspended her work and went to Canada to accompany him to study. Huang Boyuan, who is now a handsome adult, has inherited his father's career and joined the entertainment industry after returning from school. He has a bright future.

On the other hand, Huang Zhizhong, who was accused of "cheating and cheating", focused on the filming of the film and rarely talked about his wife and children to the outside world. They have not seen each other for several years.

After divorcing He Yin, Huang Zhizhong got together with actress Ke Lan as he wished. The two had already lived together and had a trial marriage, just like an old husband and wife. (The picture comes from the Internet, any infringement will be deleted)

#春日生活狠卡season#

Japan's foreign minister warned that if a ceasefire is reached in the Gulf, Japan may send troops to clear mines in the Strait of Hormuz.

As the situation in the Middle East continues to be volatile and the security of energy channels is at risk, the Japanese government is intensively studying its strategic response.

According to a report by Japan's Fuji TV on Sunday, Japanese Foreign Minister Toshimitsu Motegi said on the program that if the current conflict can reach a ceasefire, the Japanese government may consider sending the Self-Defense Force to the Strait of Hormuz to perform mine clearance missions.

Foreign Minister’s Statement: It’s not a groundless “hypothesis”

Regarding the possibility of sending troops overseas, which is of great concern to the outside world, Motegi Toshimitsu gave a cautious but clear signal in the program. "This is purely hypothetical, but if the ceasefire were to take effect and landmines were causing problems, I think we would have to look at that at that time," he noted.

This statement is seen as a major change in Japan's posture in the face of energy security red lines. Analysts believe that as the threat of mines in the strait increases, Japan, as a major global energy consumer, can no longer sit back and watch.

Energy crisis looms: Oil prices hit multi-year highs

Japan's extreme dependence on Middle Eastern energy is the core driving force behind its minesweeping initiative. Data shows that more than 90% of Japan’s crude oil imports originate from the Middle East. This dependence on the Gulf region has further deepened since Russia's invasion of Ukraine in 2022, which caused Japan to significantly reduce its energy dependence on Russia.

At present, domestic fuel prices in Japan have climbed to multi-year highs, with the average price soaring to 190.9 yen (approximately US$1.20) per liter this week. This knock-on effect is expected to bring broader inflationary pressures.

Tokyo uses strategic reserves to stabilize public sentiment

Although Japan currently has strategic oil reserves equivalent to more than 254 days of consumption, the deterioration of the situation has forced Tokyo to start using these "household resources." It is reported that the Japanese government has used reserves to stabilize supply, stabilize prices and ease public panic. Once the Strait of Hormuz is blocked by mines for a long time, Japan's energy lifeline will face an unprecedented test.

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On March 22, Beijing time, many netizens posted that while taking a Wizz Air flight from London, England to Tromso, Norway, the plane was struck by lightning and had to land at Rovaniemi Airport in Finland. Many witnesses told Jimu News that the plane experienced violent turbulence after being struck by lightning. After landing, the passengers took about 8 hours by bus to arrive in Tromso. All of them have arrived safely.

Screenshots of netizen posts

A netizen posted: "I was struck by lightning on a plane." She said that on March 21, local time, she flew from London to Tromsø. The plane was supposed to land within 20 minutes, but due to a snowstorm in Tromsø, the plane could only go back and forth in the sky to prepare for landing and then be forced to climb. This lasted for about an hour and a half, but unfortunately it was struck by lightning on the way. "This was reported by the captain later. At that time, I thought it was lightning striking very close."

She recalled in the post that during the flight, the cabin lights suddenly turned off and on again, accompanied by a steely, mechanical failure sound, and then the red light in front of the cabin turned on. "This is the first time I have seen a cabin shrouded in red light." She said that the plane tried to land several times without landing. It ended in failure. "The plane was bumpy as if it was about to crash at any time. The guy on the left began to study the escape manual carefully, and the guy on the right was already preparing to say his last words. I was dominated by adrenaline, my heart was beating fast, and my hands and feet were shaking." Finally, the plane landed at an airport in Finland. "At the moment of landing, there was thunderous applause in the cabin and all the passengers were relieved. The crew informed us to leave by bus because the plane was struck by lightning and could no longer take off to Tromso."

Pictures from the scene (Source: Netizen who posted the picture)

The reporter noticed that many netizens on the same flight left messages in the comment area, saying that they were also on this flight. "We have a life-long friendship!" One of the netizens said that she had booked her trip from London to Tromso to see the Aurora half a month in advance, but the plane landed in Finland due to bad weather.

Many witnesses confirmed to reporters that they have all arrived safely in Tromso, Norway. After landing in Finland, they took a bus for about 8 hours to reach their destination. One of the witnesses described the plane shaking violently as it was about to land in Tromso. "Suddenly there was a 'boom' in my ears, and I saw a flash of lightning beside me, and then the plane started flashing red lights." He recalled that the plane shook violently and he was almost thrown up. "We landed in Finland at around 10pm local time, and then arranged for us to take the bus to Tromso. This journey was very difficult."

(Source: Hanglv Zongheng APP)

According to the Hanglv Zongheng APP, Wizz Air flight W95421 took off from London at 15:3 on March 21, local time, and planned to fly to Tromso, Norway. The flight trajectory showed that the plane circled as it approached Tromso Airport and finally landed in Finland.

On March 21, the semi-finals of the 2025-2026 Chinese Women's Volleyball Super League came to an end. The Shanghai Women's Volleyball Team and Jiangsu Women's Volleyball Team won each and advanced to the finals. The Shanghai Women's Volleyball Team defeated the Shandong Women's Volleyball Team 3-1 at home and took the lead in advancing with two consecutive wins. The Jiangsu Women's Volleyball Team swept the Tianjin Women's Volleyball Team 3-0, dragging the game into the golden game, and finally won a thrilling 18-16 victory, completing the transformation from a disastrous defeat in the first round to a reversal and advancement.

In the second round of the showdown between the Shanghai Women's Volleyball Team and the Shandong Women's Volleyball Team, the Shanghai team, playing at home, quickly entered the state and established an advantage in two consecutive games. In the third game, the Shandong team fought back tenaciously to win the game. In the fourth game, the Shanghai team adjusted their status in time and hit an offensive climax to seal the victory. They won with a total score of 3-1 and advanced to the Super League finals for four consecutive years.

After the game, Cai Bin, head coach of the Shanghai Women's Volleyball Team, reviewed the game, "This game did have some ups and downs. Both teams were very dedicated, and the Shandong team showed a good fighting state and a relaxed mentality. Our side was a little relaxed after the first two games, resulting in a stalemate in the score. After being attacked by the opponent in the third game, the players' hands and feet were also a little tight."

The Shanghai team performed well in blocking. Cai Bin particularly emphasized, "Blocking is definitely a key part of our preparation before the game. It is a good means of scoring. Now our blocking is more proactive instead of passive defense."

The Jiangsu team, which suffered a disastrous away defeat in the first round, returned to the home court for a last-ditch battle. The whole game was full of firepower, serving, blocking and attacking to completely suppress their opponents, sweeping the Tianjin team 3-0. In the golden game, the Jiangsu team once took a big lead, but was chased by the Tianjin team in the final stage. The suspense was full. At the critical moment, the core attacker Wu Mengjie stepped forward to complete the fatal attack. The Jiangsu team struggled to advance to the finals. As an all-Chinese team, the Jiangsu team greatly improved its first pass accuracy and completely suppressed its opponents in blocking scores. Tang Xin and Zhou Yetong also flourished on the offensive end, showing strong adjustment ability and team cohesion.

As the semi-finals come to an end, this season's Super League finals are about to take place. The contest between the Shanghai Women's Volleyball Team and the Jiangsu Women's Volleyball Team is not only a battle for the championship, but also a tactical collision between "high suppression" and "speed impact", a competition between the firepower of foreign aid and the resilience of the all-China class, coupled with the master-apprentice coaching showdown between Cai Bin and Shi Hairong, making this showdown full of highlights.

In terms of tactical style, the two teams are in sharp contrast. The Shanghai team focuses on the hard-power style of "lifting high and playing high". It relies on the height and strength advantages of two foreign players, Voronkova and Van Reijk, and the top blocking of Gao Yi and Chen Houyu to build a "Great Wall of Nets". The precise passing of the setter Xu Xiaoting can maximize the advantage of the attack, but the tactical routine is relatively fixed, and the problem of over-reliance on the firepower of foreign players may become a hidden danger.

The Jiangsu team focuses on "quick and agile" and relies on the tacit cooperation of the entire Chinese class to focus on quick tactics. Wu Mengjie's super-hand offense complements the multi-point blooming of Zhou Yetong and Tang Xin. However, the team's first pass accuracy is still short, and the offensive height is not as high as that of the Shanghai team. The blocking link will face a greater test.

Direct dialogue between core players will be the key to victory or defeat. The Shanghai team's Voronkova has a balanced offense and defense and is the team's "anchor". Van Reich's strong offensive firepower and Gao Yi's blocking deterrence form a three-dimensional offensive and defensive system; although the Jiangsu team's Wu Mengjie is full of offensive explosiveness, she has to bear the burden of first pass and defense at the same time, which consumes a lot of physical energy. Her on-the-spot state will directly determine the team's offensive efficiency. In addition, the stability of Shanghai team's local attacker Zhong Hui's first pass, the dispatching ability of Jiangsu team's setter Zhang Zixuan, and the performance of both sides' substitute players may all become variables that affect the direction of the game.

Regarding this focus showdown, Cai Bin had a firm attitude, "Being able to reach the finals is the result of the joint efforts of the whole team. Next, we have only one goal – to go all out. Our opponents in the finals will definitely not be weak teams, and difficulties will inevitably exist, but our core is to find ways to overcome difficulties and show the team's due level on the field."

Late at night on March 27, an international student released a video of him meeting Wang Sicong, the young master of Wanda, and asking a girl to have dinner with him in Tokyo. He wrote in the caption: "Sakura (Japan) refugee, met Wang Sicong by chance." In order not to disturb others while they were dining, they only filmed the video for a few seconds from a distance.

According to an encounter who sat across from Principal Wang, the Japanese restaurant that Wang Sicong and three beauties visited this time is Ginza Tenshaya, a famous restaurant in Japan. It specializes in grilled meats and live cooking, and is very popular among celebrity artists and Internet celebrity bloggers.

The per capita consumption of this robatayaki restaurant is roughly between 1,100 yuan and 1,400 yuan, so the price is not "out of reach."

Judging from the video shared by the blogger, Wang Sicong went to an appointment that night (27) wearing casual clothes. He was wearing a star-patterned jacket and a black T-shirt. He was holding a menu in his hand and focused on ordering. The three beauties on both sides were "busy in their own way". Maybe they couldn't understand Japanese and couldn't order.

Looking at it from the side, Principal Wang, who has lived in Japan for a long time, seems to have gained some weight. Many netizens ridiculed that his chin "is too retracted, a bit like the sky is too big or the sky is too big"?

As soon as the video was released, it quickly aroused heated discussions among netizens. The sharp-eyed people recognized one of the beauties, Yao Xinyi (Yao Xinyi), a second-generation rich woman. They saw that she had been holding her chin with one hand and looking blank, but her appearance was outstanding.

Internet celebrity Yao Xinyi has hundreds of thousands of fans on an audio and short video platform. She is only 21 years old this year. She comes from a wealthy family and has extensive experience in the Internet celebrity circle. It is rumored on the Internet that she is Wang Sicong's cousin. The authenticity needs to be verified.

It is worth mentioning that Wang Sicong invited three beauties to have barbecue, but it seemed that he did not see his real girlfriend "Lanlan", which made many people curious to ask, "Is there another change? Is the Lalanla laid off?"

In fact, Wang Sicong, who has always been known as a "love-minded young man", has a rich and voluptuous love life. His longest dating record is no more than 3 months, and he is in love with Internet celebrity beauties. He is known as "the iron-clad Lin Gengxin, the flowing Internet celebrity".

However, he and his current girlfriend "Lazy" (real name Yu Qinyi), who is 15 years his junior, have been in a public relationship for more than seven months. The two even went to Hong Kong to see an exhibition in love in the middle of this month (March). They did not shy away from suspicion and staged "loving hugs from behind" on the streets, showing off their affection in a high-profile way.

In addition, "Playboy" Wang Sicong also had a "misfire" when he and his ex-girlfriend Huang Yiming had a "dew affair" and accidentally gave birth to an illegitimate daughter named "Sparkling".

Although the mother of the child has repeatedly sought money from Mr. Cong for milk powder, the father of the child, who is far away in the Sakura Country, refuses to pay child support, let alone acknowledge her as her own flesh and blood. (The picture comes from the Internet, any infringement will be deleted)

#春日生活狠卡season#

The darling of the capital market, Dike Shares, is actually in the photovoltaic silver paste industry where it is hard to earn processing fees, but every day it always thinks about making big gains with small things and getting rich overnight.

With the acquisition of Sauter (DuPont Photovoltaic Business Unit), Dike acquired the most powerful offensive weapon in terms of intellectual property rights in the slurry field: so the company began to defend rights and claim claims in the entire market – 3 patent lawsuits, resulting in a total of 600 million yuan.

Under the guise of hedging, I bet on silver, but lost 600 million yuan. Now, Dike, who cares about food but not fights, is preparing to enter the storage field again…

It seems that Dike Co., Ltd. has already clearly seen the nature of the low-margin photovoltaic silver paste business, and the future prospects are not too bright.

In the same photovoltaic silver paste industry, Juhe Materials can make money in 2025 when silver prices fluctuate violently, while Diko, the leader in silver paste, has suffered losses.

2025 also set the worst performance since the listing of Dike shares.

The annual report released on March 20 shows: Dike Co., Ltd. will achieve total operating income of 18.046 billion yuan in 2025, a year-on-year increase of 17.56%; total profits will be -230 million yuan, a year-on-year decrease of 162.97%; net profit attributable to the parent company will be -276 million yuan, a year-on-year decrease of 176.8%.

Today, I will focus on why Dike shares suffered a huge loss.

Bottom line: Shorting silver is a big bet that fails!

So, can the losses of Dike Shares be avoided? Is this a "natural disaster" or a "man-made disaster"?

01 Miraculous hedging, huge loss of 641 million!

The reason why Dike Co., Ltd. will suffer losses in 2025 is from non-main business.

The annual report clearly states: "The performance changes are mainly due to non-recurring gains and losses, and the impact on the net profit attributable to shareholders of the listed company is -440 million yuan."

Dike Co., Ltd. said: "In order to cope with the risk of silver powder price fluctuations, the company conducts hedging operations through silver futures contracts; in order to reduce the purchase cost of silver powder and cope with the risk of silver powder price fluctuations, the company conducts silver leasing business. In this period, the price of silver rose rapidly and significantly, and the company's losses on changes in fair value of silver futures and silver leasing accrued based on the silver point on the balance sheet date were relatively large."

From 2025 annual report; non-main business analysis

We all know that silver experienced an epic surge last year, especially in the fourth quarter. The overall fourth quarter of last year showed the rhythm of "shooting high and falling in October, fluctuating and gaining momentum in November, and accelerating to the top in December", with a quarterly increase of approximately 53%.

Unfortunately, Dike shares were shorted, which was completely contrary to the market trend.

So, how much did Dike Holdings lose because of silver?

In the 2025 annual report, the non-recurring profit and loss account of Dike Co., Ltd. clearly states: "In addition to the effective hedging business related to the company's normal operating business, non-financial enterprises have gains and losses from changes in fair value arising from the holding of financial assets and financial liabilities, as well as gains and losses from the disposal of financial assets and financial liabilities." This amount is as high as 641 million yuan!

The financial report further disclosed the non-main business items: investment income was -272 million yuan; fair value change was -411 million yuan…

In the explanation column, the company further explained: "In order to cope with the risk of silver powder price fluctuations, the company conducts hedging operations through silver futures contracts; in order to reduce the purchase cost of silver powder and cope with the risk of silver powder price fluctuations, the company conducts silver leasing business; in order to cope with the risk of exchange rate fluctuations, the company chooses to purchase foreign exchange derivatives; affected by the fluctuation of silver prices and exchange rates, it generates certain investment income and gains and losses from changes in fair value. As well as floating gains and losses arising from changes in the fair value at the end of the period of the special investment funds and asset management plans held by the company."

Qiantanhao does not agree with the rhetoric of Dike Shares. What Dike Shares did actually amplified the risk of price fluctuations and did not manage risks from the perspective of hedging at all.

In other words, when silver skyrocketed, what Dike did was not hedging, it was entirely speculation!

From the 2025 annual report; non-recurring profit and loss items and amounts; unit: yuan

02How is Dike-style gambling authorized?

Silver futures are high-risk financial derivatives, and listed companies have strict restrictions on this.

Dike Shares silver futures are managed with a margin limit. Previously, Dike's approval amount (the upper limit of the margin) did not exceed 100 million yuan.

On October 28 last year, Dike Co., Ltd. issued the "Announcement on Carrying out Financial Derivatives Trading Business": the balance of foreign exchange derivatives at a certain time shall not exceed 2.5 billion yuan, and the guarantee amount of silver futures/options contracts shall not exceed 200 million yuan, and the quota can be recycled within the validity period of the authorization.

In short, the management's authority has been doubled. Here, the company clearly stated on the interactive platform: the silver futures hedging scale matches the business and does not exceed the approved quota.

The authorization is valid for twelve months from the date of approval by the shareholders' meeting. The approval date of the shareholders' meeting is November 13, 2025.

Perhaps it is precisely because of obtaining such a Sword of Shang Fang that Dike Holdings increased the trading scale of silver futures in the fourth quarter of 2025. That was when silver was at its most crazy.

Violent fluctuations and an increase in the amount of superimposed investment resulted in the largest loss in the fourth quarter for Dike Holdings.

There is a feeling that Dike Shares is rushing to "give away money".

It is worth mentioning that in addition to silver futures, Dike Holdings is also engaged in silver leasing.

Silver futures, needless to explain, are both a powerful tool for hedging and a high-risk investment project.

So, what is silver leasing?

Silver leasing refers to a financing or risk management method in which enterprises borrow physical silver from professional institutions (such as banks or precious metal leasing companies), use it within an agreed period, pay leasing fees on schedule, and return an equivalent amount of silver after maturity.

Generally speaking, through silver leasing, companies can obtain the silver raw materials needed for production without immediately occupying a large amount of cash, thus easing the pressure on purchasing funds caused by high silver prices. At the same time, the leased silver can be used for production. After the product sales are paid back, the same amount of silver will be returned through market procurement or futures hedging to achieve cost smoothing and capital efficiency optimization.

However, there are price fluctuations during the lease period, and silver leasing naturally has risks.

Theoretically, if a company wants to hedge, it should go long on one hand and short on the other to achieve risk hedging and smooth profits.

However, Dike shares not only went in the opposite direction on silver, but also had no hedging. It is a two-way short sale (silver futures, silver leasing). If the silver price falls, the result can only be a doubling of losses.

If both sides of the enterprise are long (or both short), it loses the meaning of hedging and is closer to gambling.

Dike Shares should be very clear about its situation, or it just wants to take a serious gamble and make a profit, and does not want to eat in a painful business model.

The business of photovoltaic silver paste is indeed simple: just buy silver powder and charge a certain processing fee based on the silver point price.

But it is also a very stable business model. This is highly similar to operating a gold jewelry company: affected by the price of key raw materials, the main purpose is to earn processing fees. When gold jewelry companies do hedging, the mainstream range is 50%-70%, and a few leaders can reach 70%-80%. The hedging ratio of A-share company Caibai shares is about 80%–90% (nearly fully hedged).

03 It is difficult to get rich if you are partial to wealth, and it is difficult to fertilize grass at night.

There is something strange about Dike Shares, which is worth pondering.

Last year, Dike Holdings acquired a well-known peer, Sauter. Dike shares now hold 60% of Soter's shares, and the shareholding change was completed in September last year. Sauter is the former photovoltaic silver paste division under DuPont. Its technical prowess and patents are unquestionable. No need to say much.

So, will Soter lose money investing in silver in 2025?

Obviously, the answer is no.

The announcement shows: Zhejiang Sote achieved a net profit attributable to the parent company of 98.0546 million yuan in 2025 (note: it was also profitable in the fourth quarter).

Dike and Sauter are both peers and parent and subsidiary companies, and they also have related transactions.

(1) The 2025 annual report shows that Sauter is Dico’s second largest customer, with a purchase volume of 2.348 billion yuan. The sales content of Dike is silver powder.

(2) Dike Co., Ltd. centrally purchases silver powder from suppliers and then sells it to Sauter. The reason given by Dike Shares is that centralized procurement can obtain preferential conditions.

So whose business was silver leasing created for? Why didn't Sauter participate in silver futures investment?

In any case, Sauter's performance is good, which is good for everyone.

When Dike Shares acquired Sote, it promised that the audited net profits realized by Zhejiang Sote in 2025, 2026 and 2027 will be no less than RMB 68.1 million, RMB 90.8 million and RMB 128.1 million respectively (hereinafter referred to as the "Committed Net Profit"), and the cumulative committed net profit will be no less than RMB 287 million. Sauter's net profit attributable to the parent company in 2025 was 98.0546 million yuan, far exceeding the promised 68.1 million yuan, which can be regarded as overfulfilling the "task".

It is understandable why Dike shares "favors" Sauter. Because Sauter is particularly good at fighting, it is Diko's secret weapon. Due to the acquisition of the original DuPont Solamet business, Zhejiang Sote has acquired a global patent family (approximately 227 items) with lead-tellurium oxide as the core. This is the basic patent for the bottom layer of photovoltaic silver paste, covering mainstream technology routes such as PERC, TOPCon, and HJT.

Because of these patents, Dike Co., Ltd. and Soter sued Guojuhe Materials (which has been settled), and are suing Riyu Photovoltaics, Jingyin (a subsidiary of Suzhou Goodtech), and Guangda Electronics.

The company announced: (1) The company sued Jiangsu Riyu Photovoltaic New Materials Co., Ltd. and Suzhou Jingyin New Materials Technology Co., Ltd. respectively due to disputes over infringement of invention patent rights. The above lawsuits have been accepted by the Jiangsu Provincial Higher People's Court. The case numbers are (2026) Su Zhiminchu No. 1 and (2026) Su Zhiminchu No. 2. The amount involved in both cases is 200,000,000 yuan, and the provisional total is RMB 400,000,000. Yuan.

(3) According to the "Announcement of Wuxi Dike Electronic Materials Co., Ltd. on Major Subsidiary Litigation Matters" issued by the company, Zhejiang Sote Materials Technology Co., Ltd. (hereinafter referred to as Zhejiang Sote) is the plaintiff, suing Zhejiang Guangda Electronic Technology Co., Ltd. for infringement of invention patent rights, with an amount of 200 million yuan involved (Case No.: (2025)) Full text of the 2025 annual report of Zhejiang Wuxi Dike Electronic Materials Co., Ltd. 215 Zhi Minchu 3 No.), Zhejiang Guangda Electronic Technology Co., Ltd. subsequently sued Zhejiang Sote for maliciously filing an intellectual property lawsuit. As of the reporting date, both cases were under trial.

To sum up, Dike Co., Ltd. and Sote are currently involved in three patent infringement lawsuits, each claiming a claim amount of 200 million yuan.

600 million is not a small amount. If the lawsuit is won and implemented, then Dike will make a huge profit, which can just make up for the company's short silver shortfall!

end

Although the performance of Dike Co., Ltd. was thunderous, judging from the company's stock price trend the day after the company released its annual report, investor sentiment was relatively stable. This may be due to investors’ psychological expectations that silver prices have been falling recently.

Shanghai Silver closed at 17,074 yuan/kg on the last trading day in 2025, and then fell back after a sharp rise. If the price of silver continues to fall, part of the floating losses of Dike shares may be reversed.

We said above that photovoltaic slurry is a very simple business – earning processing fees.

Although photovoltaic technology is developing rapidly and silver prices fluctuate violently, companies have put forward higher requirements for silver paste. They hope to reduce silver consumption, use base metals such as copper to replace silver, and get rid of their dependence on silver. Therefore, various slurry companies are conducting relevant research and development. But now there is no technical gap between various slurry companies, and some photovoltaic main material companies are preparing to make copper slurry themselves.

In 2025, the gross profit margin of photovoltaic conductive silver paste will be only 8.57%, a year-on-year decrease.

In short, photovoltaic slurry is not a good business, it is very painful. In addition to betting heavily on silver futures, Dike Co., Ltd. is also seeking to enter the high-margin track-the memory chip sector.

In September 2024, Dike Co., Ltd. acquired 51% of the equity of Yinmeng Holdings, and announced the acquisition of 62.5% of the equity of Jiangsu Jingkai in October 2025 based on the business development. It has realized a closed loop of the DRAM storage industry chain and built integrated advantages throughout "applied development and design – wafer testing – packaging and testing". A series of LPDDR and DDR products have grown rapidly in the fields of consumer electronics and smart terminals, and it has focused on the layout of SoC-DRAM packaged products and CXL As well as LPWDRAM (low power high bit width memory chip, or Mobile-HBM) and other AI computing power and end-side AI related products.

Looking at Dike shares in the future, we may not be able to completely refer to photovoltaics. We also hope that Dike can make achievements in the field of integrated circuits and stop gambling on high-risk futures.

However, the situation is easy to change, but the nature is hard to change, I hope so!

On the last day of March (31st), good news came from the wealthy second-generation circle in Mainland China. Wang Wenye (Wang Yuanwen), the 27-year-old princess of Huayi President Wang Zhonglei’s family, and her boyfriend have finally entered a new stage of their life after many years of dating. The two went to the island to hold an outdoor engagement ceremony. A group of relatives and friends were invited to witness the happy moment, and the romantic proposal scene was also exposed.

As a "resource coffee princess" who was born with a silver spoon in her mouth, Wang Wen has always had a "black and red" physique, and has mixed reviews in the industry. She once had a crush on the public because she and her best friend Qi Meihe (the daughter of Qi Jianhong, president of Sparkle Roll Group) discriminated against passers-by for their "peasant theory".

However, since she returned from studying in the United States and became a new generation director, she has become more low-key and calm. She rarely posts radical remarks publicly on social networks and has learned to cultivate herself.

Wang Wenye, who has been out of the public eye, used to be "doing big things in silence" but quietly completed a major event in his life – engagement.

In fact, the emotional line of this Huayi daughter is not blurry. She formed an innocent campus romance with her Chinese senior boyfriend Cai Jiancheng while studying in the United States in 2014. Unfortunately, the relationship only lasted for one year before they parted ways.

After returning to China, Wang Wen also met a handsome young man through the introduction of his good sisters. The latter made a grand appearance at a Valentine's Day party in 2022. The two behaved intimately. It is said that "women chase men and succeed in chasing them backwards". The man is talented and the woman is very good.

Now three years later, Wang Wen also walked into the marriage hall wearing a white wedding dress and holding flowers in her hands. Wandering in the ocean of happiness, she did not forget to show off the "pigeon egg" diamond rings on her ring finger and index finger. Her eyes were drawn and she looked at the man with an expression full of love.

The groom-to-be who is holding Wang Wenye's hand is dressed in handsome casual clothes and gold-rimmed glasses. He is elegant and clean. But I wonder if he is still the same guy three years ago?

As the sun set and surrounded by flowers, a newlywed couple stood under the "Marry Me" colorful light strip and promised each other each other. Their eyes met and looked at each other affectionately, and they even kissed together romantically. The atmosphere of happiness simply overflowed the screen.

Looking at the proposal ceremony alone, although it is not considered luxurious, it is better because of the thoughtful details. After all, the wedding that follows is the highlight.

It is reported that Wang Wenye was born in Beijing on February 18, 1998. His real name is Wang Yuanwen, and his fans love him as "Wenwen". His father is Wang Zhonglei, the president of Huayi Group, and his mother is Xiaorong, the queen of a wealthy family in Chongqing. She is a veritable "Bai Fumei" origin.

She didn't know what it was like to be sad since she was a child. She was sent to the United States to study by her parents early and accepted Western thought and culture. Therefore, her speech was bold and radical, and her style was avant-garde and rebellious. She often "trouble comes from her mouth" and attracted criticism. Fortunately, she became cautious in her words and deeds after becoming a director, and her reputation was restored.

In addition to their daughter, Wang Zhonglei and his wife also have a precious son named Wang Yuanye (William), who is 19 years old this year. He was a guest with his father on the parent-child reality show "Dad Is Back" in 2014, which is no stranger to the audience; he is currently studying in the United States and will be the future successor of Huayi. (The picture comes from the Internet, any infringement will be deleted)

#春日生活狠卡season#

Late at night on April 28, a Beijing citizen posted a picture of "encountering Zhang Ziyi in a wheelchair at a high-speed rail station." He asked curiously: "When I saw it at the high-speed rail station, it seemed that the person in the wheelchair was Zhang Ziyi. Last night (27), I saw her tripping over a wire when she came off the stage at the Huabiao Awards. She felt that it would be a bit serious if she needed to use a wheelchair." This immediately aroused heated discussions among netizens.

Judging from the passerby's perspective photos shared by chance encounters, Zhang Ziyi appeared at the airport that night (28) wearing an all-black look. Not only did she wear sunglasses, a baseball cap, but also a mask covering her face. She was tightly packed and extremely low-key. Many passengers did not notice this big star beside them.

In the photo, Zhang Ziyi is seen sitting in a wheelchair, being pushed out of the terminal by a middle-aged man with glasses, followed closely by a woman pushing a suitcase. The three of them walked out of the corridor and drove away in a black nanny car.

After the relevant footage leaked, many fans were distressed and asked: "What happened to her?" "What's wrong with her feet? Why is she in a wheelchair?"

As for the reason, it can be traced back to the Huabiao Awards ceremony on the evening of the 27th.

The night before yesterday (27th), the 20th Huabiao Awards Ceremony kicked off in Qingdao, Shandong. Hundreds of film practitioners gathered in Qingdao, and the scene was star-studded. Invited guests Zhang Ziyi, her eldest brother Jackie Chan, and actor Wang Yibo, three generations of old, middle-aged and young people, took the stage to recite to pay tribute to the 120 years of Chinese film and the 20th anniversary of the Huabiao Awards.

On the stage, Zhang Ziyi appeared elegantly in a black corset dress. She was domineering and full of aura, and her meticulous hairstyle highlighted her capable temperament. She is worthy of being one of the most internationally renowned mainland Chinese actresses.

Holding an inscription card and a microphone, she spoke in a calm and admirable manner, winning continuous applause from her colleagues in the audience.

But just after reciting the congratulatory message, Zhang Ziyi turned around and followed Wang Yibo and Jackie Chan off the stage. As she passed the stage sound area, she accidentally stumbled forward and fell heavily, as if she had tripped over a wire. Moreover, she was wearing high heels at the time, so she must have sprained her ankle.

Guan Xiaotong, who came on stage later, looked back nervously when he found out. Fortunately, Jackie Chan and Wang Yibo urgently "protected the flowers". The two helped Zhang Ziyi to the backstage lounge, and then went to a nearby hospital for diagnosis.

After a short stop and a night's rest in a hotel, Zhang Ziyi and her assistant set off on their way. Due to a foot injury, they had to use a wheelchair to get around.

At the bottom of the comment area, after hearing this, many fans left heart-warming messages saying, "Sister, please recover as soon as possible" and "Oh Maiga, it hurts to see it."

In fact, Zhang Ziyi, who just celebrated her 46th birthday in early February this year, has since ended her eight-year marriage to rock singer Wang Feng on October 23, 2023. After a short adjustment of her mentality, she got out of the haze of divorce, regained her identity as an actor and returned to the entertainment industry, and her career has blossomed.

Unlike her ex-husband who turned around and fell in love with "Lin Lin Bei" (Li Qiao), a 19-year-old Internet celebrity, Zhang Ziyi does not seem to be in a hurry to embrace a new relationship. (The picture comes from the Internet, any infringement will be deleted)

#春日生活狠卡season#