24-hour news update Page 45

I feel that this episode of Tengger's "The Host and His Friends" is a particularly relaxing electronic food-cooking thing in early 2026. When the 65-year-old prairie singer puts down the microphone and picks up the card, the strong contrast of grandpa suddenly playing a hot internet meme is more real and touching than any carefully crafted script.

Audiences hate pre-prepared dishes and prefer real fireworks

This reminds me of the recent popularity of Hechuan Pig Soup. Young people drove hundreds of kilometers overnight just for the sincerity with a breath of life. To put it bluntly, everyone has long disliked pre-made dishes, whether on the dining table or on the screen.

But here comes the question. If a singer doesn’t sing but talks about a talk show, is he breaking through himself or not doing his job properly? When Tengger sang "Paradise" as if it was for himself, and adapted Angela Chang's "Invisible Wings" into self-destructive classics such as flying on his bare head, is it artistic transparency or consumption sentiment?

I think Tengger's style of complaining is as humorous as the sandstorms on the grassland. On the surface, it gives you a sense of vastness. Thinking about it is all wisdom in life. He said, "Not only can the dishes be made in advance, but the songs can also be made in advance." This is like precision guidance. The missile directly pokes at the difficulty of the current music industry's assembly line. What's even more powerful is the phrase "If you destroy my entire paradise, I will break your invisible wings." The two representative songs are turned into a confrontational meme. This hard-core contrast is more natural than any professional talk show actor can design.

The guests interacted with each other in a tacit understanding, showing that adults can socialize comfortably

And what He Guangzhi said to Sun Nan about Wang Han's nobleman was truly a textbook example of "understatement can have a big effect." It didn't directly mention the word "retirement," but it made the whole place think of that famous scene ten years ago. This kind of tacit understanding that everyone understands is like the tacit and understanding code among the best friends.

But what moved me most was not the golden words themselves, but the response of the person being complained about. When Sun Nan heard the noble joke, he didn’t blush or feel embarrassed. Instead, he started laughing and even made a joke about himself. In the current variety show environment, this kind of open-minded attitude is quite rare.

I know, nowadays, the comment sections of variety shows often see chaos with fan criticism and scolding. When a meme is thrown out, you have to first consider whether it will trigger a quarrel among fans, or whether it will be screenshotted and taken out of context.

But in this episode, Xilinnayi Gao dared to directly call Liang Yuan the voice of Tim Du. Hu Haiquan dared to joke about making music that no one likes to listen to. Liang Yuan was besieged by everyone and just spread his hands and said, "This is how I make a living."

This kind of atmosphere reminds me of the concept of light socializing that is popular in the workplace recently. It does not necessarily require in-depth communication, but it is quite comfortable to get along with each other. There is no need to pretend, but you can still maintain dignity.

The guests on the show just show the most ideal social state for adults. They can attack each other without any malice, and they can expose their shortcomings but have some restraint.

When Tengger was adapting "Invisible Wings", his serious and amusing energy was exactly the same as the Internet speed when Long raised his head and shaved his head to make jokes a few days ago.

Have you ever felt that really interesting people usually have this kind of self-analysis ability? They don't take themselves too seriously, so others won't take them too seriously. The word "no" here actually means reluctance.

This kind of self-defeating defense is, to a certain extent, more powerful than blaming the sky and the earth. Just like when we encounter embarrassment in the workplace, we don’t try to hide it or pretend we didn’t see it. We might as well make fun of ourselves first, so that others have nothing to complain about. The performance of Tengger and Sun Nan in this issue can almost be published in an "Adult Social Self-Help Guide".

Sincerity is questioned, will variety shows become a new type of prepared dishes?

Of course, I have also heard some different opinions. Some friends feel that this kind of variety show model that hurts each other is fundamentally consuming the privacy of celebrities and past controversies.

Sun Nan's withdrawal from the competition, Liang Yuan's venomous character, those jokes that have been brought up and pondered over and over again, for the parties involved, are they fun or necessary?

What’s even more interesting is, when speaking out becomes the selling point of a program, will sincerity also become another kind of performance. For example, when we watch short videos now, when we see those real records, we often have to first doubt whether they are scripts. When Tengger’s contrasting cuteness is praised by the entire network, will this kind of character setting also become a new type of prefabricated dish?

I think this kind of vigilance is necessary, but there is no need to over-interpret it. At least in this issue, Sun Nan's sentence "Compared with high pitch and low pitch, I care more about whether I am distracted" sounds sincere. And when Tengger hummed the adapted version of "Invisible Wings", the smiling state was difficult to explain with his acting skills.

After all, the audience is not stupid. Whether a person is sharing sincerely or performing for business, the subtle atmosphere cannot be hidden, just like Hechuan Daidai became popular all of a sudden. It does not rely on carefully designed marketing methods, but the taste of real life.

Smiling and complaining about the pain points of the industry to heal the emotions of contemporary young people

What impressed me most about this program was that it showed the possibility that people in the entertainment industry can actually get along with each other like ordinary people. There is no suppression by celebrity status, and there is no fan filter. It is just a group of music people sitting together and chatting about the strange current situation of this industry in a humorous way.

When Tengger talks about prepared dishes, he is actually complaining about the homogeneity of music creation. When He Guangzhi talks about noble people, he is actually dismantling the unspoken rules of the industry. The reason why these complaints make people laugh is because they hit the pain points we all know, but they do not turn into angry accusations.

This attitude of laughing and complaining may be the emotional outlet that young people need most nowadays. Life is already tiring enough. We don’t want to receive value education while entertaining, or see celebrities tearing apart each other’s hair. We just want to watch a group of interesting people talk about things that everyone understands but is hard to say clearly in a smart but not vicious way.

Cross-border has nothing to do with the real job, the core is a rare sense of relaxation

Let’s go back to the question at the beginning. Is it a breakthrough for a singer to talk about a talk show instead of singing, or is he not doing his job properly? I think that when Tengger used that grassland-like boldness to dismantle his classics, he actually sang a more touching song. The name of that song is called Relaxation.

Think about it, when Sun Nan heard Wang Han’s noble words, his first reaction would be embarrassment or relief. If it were you, and you were ridiculed in public about the dark history of ten years ago, would you retaliate or make a self-deprecation? Also, the song Tengger said can be pre-made. Which internet celebrity song produced by the assembly line is the first one you recall?

In the memory of many people, there is a face that transcends time, that is Jia Baoyu in the 1987 version of "Dream of Red Mansions".

When the young man with picturesque features and a bit of ignorance and affection in his eyes appeared on the screen, almost all the viewers across the country thought: This is Brother Bao who came out of the book.

But many people don't know that Ouyang Fenqiang, who brought this role to life, experienced a life off-screen that was far more profound and grueling than on-screen.

He once silently chose to change careers when he was at his peak, and he also suffered the heartbreaking pain of losing his son when he was most proud of his life.

But in the end, this "Second Master Bao" who was once famous all over the country, used the most down-to-earth way to live a complete and solid life amidst the fireworks of Chengdu.

If Ouyang Fenqiang's life was to be drawn into a straight line, then the girl he met when he was 18 years old was probably the strongest support for this line.

At that time, he was still an inconspicuous supporting actor in the E-film Studio. He did the work of moving props and doing odd jobs every day. Because he had a baby face, he was always teased.

At that time, Kang Li was already a well-known actress in the crew. She was beautiful and had a good personality.

The meeting between the two people seemed to others to be a bit "high-flying", but Ouyang Fenqiang was a real person. When he identified this girl, he showed great sincerity.

It was an era before mobile phones. In order to catch up with his sweetheart, he told jokes in different ways, shielded her from the sun and handed her water on the set.

Later, the crew of "Dream of Red Mansions" stayed for three years, and the two had to face the long-term separation. During those three years, Ouyang Fenqiang lived frugally and contributed all his wages to the Post and Telecommunications Bureau.

The letters he wrote to Kang Li contained no vain sweet words between the lines, but simple words of "I miss you."

It was this tenacity that no one could break apart that made Kang Li identify this man. In 1991, they finally received the certificate. There was no grand banquet or exquisite wedding photos. The two young people just started their little life quietly.

The beauty of this relationship once made Ouyang Fenqiang think that life would move forward smoothly according to the established script, but fate likes to play cruel jokes when people are proud.

In 1992, their first child was born, a cute fat boy. Ouyang Fenqiang had even planned to take his son to play football and teach him how to behave. This joy only lasted 46 days.

A sudden severe pneumonia took this little life from their arms. The moment the child died in the hospital corridor, Ouyang Fenqiang felt that his soul had been drained.

In order to treat his child, he gave up all his work and begged for help in a low voice, but what he got in the end was the despair of being separated forever.

Those days were the darkest abyss for this family. The cradle and clothes they had originally prepared became sharp knives piercing the hearts of the couple.

In order to prevent Kang Li from sinking too much, Ouyang Fen endured the grief. He did not dare to cry in front of his wife, so he could only hide in the toilet late at night, pinch his thighs and howl silently.

This troubled couple did not fall apart because of the pain of losing their son. Instead, they became closer in the years to come because of this common ordeal.

It was not until the arrival of their daughter Ouyang Wenxin in 1996 that the family truly emerged from the cold cave and saw the light again.

Over the past 40 years, from a poor boy to a national idol, from working on the crew to transitioning into a director, Ouyang Fenqiang has always maintained that rare sobriety.

After he finished filming "Dream of Red Mansions", many people didn't understand why he gave up his identity as an actor to study directing when he was at the height of his popularity.

In fact, he knew better than anyone else that Jia Baoyu was blessed by God, but he could not rely on this face for the rest of his life.

So, he plunged into the mountains of Sichuan, rolled in the mud with the crew, started as an assistant director, and produced such acclaimed works as "The Sun on the Ridge" and "Ah, Queer Mountain".

He used this almost masochistic busyness to fill the hole called "regret" deep in his heart. When dealing with his daughter, he never used his connections to take shortcuts.

He asked his daughter to be like himself back then, starting from playing small roles and supporting roles, and honing her acting skills bit by bit. This kind of education method allowed his daughter to be down-to-earth in the entertainment industry.

In 2023, which is the 40th year that the two have been together, Ouyang Fenqiang did something that made countless netizens cry:

On his wife's birthday, he planned a late wedding without telling everyone. When he knelt down on one knee and put a ring on Conley with trembling hands, the ups and downs of the past forty years seemed to have turned into tears at that moment.

When he knelt, he felt his guilt for his wife, and it was also the most affectionate confession of his everlasting first love.

Now Ouyang Fenqiang has completely transformed from the much-anticipated "Brother Bao" back to an old man with gray hair and a slightly drunk belly on the streets of Chengdu.

The life after retirement is the stability he looks forward to most in his life. He no longer worries about how others call him, whether he is called "Director Ou" or "Brother Bao". He laughs it off easily.

My life was very ordinary. I walked around the streets of Chengdu every day, went to the wet market to chat with stall owners for a few dollars, went home and chatted with my wife about daily life, and my daughter came back from time to time for a meal.

Some people lamented that he had reaped the dividends of "Jia Baoyu" all his life, but he always said frankly: "Being able to play a good role in a lifetime is luck, and being able to live a good life is true ability."

Looking at him today, you will find that he has indeed lived the way he wanted. He did not escape life or get lost in the vanity fair, but actually left himself in the fireworks of the world.

The suffering of losing his son did not make him gloomy. Instead, it made him appreciate the people in front of him more and what "the ordinary is the truth" means.

When you occasionally bump into him walking in the alleys of Chengdu, and look at his face that occasionally flashes a stubborn light, you may be shocked and think of Brother Bao, but what you feel more deeply is your inner admiration for this old man.

He has experienced the ups and downs of life, and endured separations that are unimaginable for ordinary people, but he can still embrace life with a gentle heart.

He told all young people that no matter what peak or trough they are in, the most important thing is not the external label, but the heart that is still willing to love and mend a broken life no matter how much suffering it goes through.

There is no perfect script in Ouyang Fenqiang's life, but he used forty years of perseverance to write the most satisfactory ending. He is a real person, an ordinary old man who can still live his life with enthusiasm after losing his halo.

On March 20, 2026, an online movie called "Sweep the Evil" quietly landed on the three major platforms of iQiyi, Youku, and Tencent Video. There was no overwhelming publicity, nor the pomp and circumstance of a theatrical blockbuster, but it was an instant hit after it was released – the popularity exceeded 17,000, ranking first on the list, and one platform even gave it a high score of 9.1.

What is this "big dark horse on the Internet"?

With this question in mind, I finished watching this 96-minute movie. If it was expected to be a shoddy "fast-moving consumer goods" film, then "Sweep the Evil" really gave me a loud slap in the face. But is it a flawless masterpiece? I'm afraid it's not that simple.

01 The scale is amazing: Internet University finally dares to shoot "restricted" films?

Let me talk about the most intuitive feeling first – this film is really "dare to shoot".

The movie is set in the late 1990s around the turn of the millennium, an era when surveillance was scarce and criminal investigation methods were relatively backward. The protagonist Zhang Bin (played by Bao Beier) is a father who was forced into a desperate situation by life. In order to raise money for his terminally ill son, he took his wife and brother back to his old business and committed carjacking and murder.

The film opens with a violent scene that makes people physically uncomfortable. Zhang Bin used a pencil to pierce the taxi driver's eyes alive. The camera does not shy away from the victim's screams, the details of the pencil piercing, and the blood splattering, which is so straightforward that it makes one's scalp numb.

This is not over yet. In the garage, Guan Lin, played by Shi Xiaolong, fights one against three. He locks the car, shoots the head with a wrench, and stabs him with a screwdriver… Every move carries a "sense of pain." It is not a fancy fight, but a realistic violence that can be felt through the screen.

What’s even more surprising is that the movie also has a “passion line”. Wu Qianqian, a mute girl played by Clara, was forced to "sacrifice" herself to the underworld boss in order to help her husband complete the deal. The scene was both beautiful and sad, vividly showing a woman's helplessness and humiliation.

Some film critics bluntly said: "The scale of this movie is close to the scale of Hong Kong's restricted-rated movies in the early years." It might be more appropriate if major platforms could add a "Minors watch with caution" reminder.

02 Controversy broke out: Some people applauded, while others criticized it.

But the reputation of "Sweeping Evil" is not as one-sided as its popularity.

Praisers said: This is a hard-core crime film that "refuses to make the villains more familiar". Zhang Bin, played by Bao Beier, is not purely evil. His criminal motive stems from his father's love – his son has leukemia, and the match he has been waiting for for many years is taken away by a wealthy man with money. When this man who has been repeatedly crushed by fate chooses to pick up the butcher's knife again, the audience will even develop a complex empathy.

Critics are merciless: "The literary drama is terrible, and the action scenes rely on scale to find excitement." Well-known film critic Ma Qingyun bluntly stated in the article that the "violence and color" approach of Bao Beier's film is essentially the gameplay of a B-level movie. The construction of the drama is unconvincing, especially the fight with the ultimate car dealer in the second half, which is just a drama for the sake of drama.

The fierce collision of the two voices made "Sweep the Evil" continue to gain popularity. Controversy itself is traffic, and this is probably the situation that the film studio is most willing to see.

03 Actor subversion: Bao Beier's "evil", Pan Binlong's "righteousness", Shi Xiaolong's "pain"

Controversies aside, looking at the actors' performance alone, "Sweeping Evil" does give enough surprises.

Bao Beier, the man who laughs and laughs in variety shows, once again proved his dominance on the "villain track" with his long hair style. Zhang Bin, who he plays, is thin and gloomy, with a reserved and chilling coldness in his eyes. The most amazing thing is the scene where he learns that his son's match has been robbed – from shock to anger, from anger to determination, the changes in emotional levels are mind-numbing. Some netizens commented: "Don't mess with Bao Beier who has hair, because as long as he is not bald, he is basically a ruthless character."

Pan Binlong, 48 years old, challenged a large number of action scenes for the first time. The criminal policeman Wu Xiaoguang he plays has been tortured by a knot of heart for seven years because he passed by Zhang Bin seven years ago. Da Pan used an extremely restrained performance to demonstrate the perseverance and guilt of an ordinary policeman. He is not like the hero in traditional police movies, but more like an ordinary person who is dragged down by the case but never admits defeat.

Although Shi Xiaolong only appeared in a friendly role, he contributed the most exciting fighting scene in the entire film. The scene in the car repair shop where one enemy was against many, the punches were punchy and clean, making people vaguely see the shadow of the "Tornado Kid" back then. Unfortunately, he didn't have many scenes, and many viewers said they were "dissatisfied" after watching it.

04 Deep interrogation: When father’s love becomes an excuse for crime

The most interesting thing about "Sweeping Evil" is that it raises a question that the audience cannot easily answer: When a person is forced into a corner by fate, where is the boundary between good and evil?

Is Zhang Bin a bad person? Of course it is. He killed, robbed, destroyed corpses, and had blood on his hands.

But the director keeps reminding the audience that this "bad guy" also has a soft side. He has tenderness for his wife and heart-rending love for his son. When he learned that his son's life-saving match had been robbed by a wealthy man, his despair and anger can be understood by any father.

There is a very impactful scene in the film: Zhang Bin and his wife shared a piece of cake with tears in their eyes in a dilapidated car. At that moment, they were not murderers, just a pair of low-level people crushed by life.

Understandable does not mean forgiven. This is the brilliance of "Sweeping Evil" – it does not glorify crime, nor does it simply and crudely "fight violence with violence." In the final outcome, evil cannot prevail against good, but the price of justice is heavy. The conflict between lynching and judicial procedures, as well as the ethical costs, are all left to the audience to think about.

05 Conclusion: The ceiling of Internet giants, or another “traffic carnival”?

To be honest, "Sweep the Evil" is not perfect.

There are indeed shortcomings in its writing and drama, and some plot settings are obviously designed to serve the purpose of drama. There is a gap between Pan Binlong's image and the traditional criminal police captain, and there is also a lack of sense of connection between Clara's emotional stability and Bao Beier's madness.

But I have to admit that this film refreshed my understanding of the Internet University. When creators are willing to focus on improving the quality of their works, the gap between online movies and theatrical movies is visibly narrowing.

As of press time, the popularity of "Sweeping Evil" is still rising. As for whether it is a "surprise of a hard-core crime film" or another "traffic carnival that relies on scale to gain attention", I suggest you go and see it for yourself, and then come to the comment area to tell me your answer.

Do you think "Sweeping Out" is worth watching? How would you rate Bao Beier's acting skills this time? See you in the comments section!

They were a guest at the Workers' Stadium, the home ground of the Devils, and many of their main players were injured. Even in the face of such a big challenge, Shenhua always had players who stepped forward to help. This time, it was Chen Jinyi, the guard with a sword. Relying on his direct free kick in the second half, Shenhua drew 1-1 with Beijing Guoan and escaped from the Workers' Stadium.

At the beginning of the new season, Shenhua suffered from injuries. Mineiro, Li Ke, Wu Xi, Guy and others fell down one after another. Together with Jiang Shenglong who was still recuperating, Shenhua's main lineup was reduced by nearly half. After going to Beijing Guoan, Shenhua received bad news again. Teixeira also did not enter the starting lineup because of his unrecovered strain.

Slutsky had no choice but to put Latang in the attacking midfielder position, leaving the striker to Mineiro, who had recovered from injury, and Liu Chengyu, who had just been selected for the new training list of the national football team. In the midfield, young player Wu Qipeng continues to start, and his partners are Wang Haijian and Gao Tianyi. In the 22nd minute of the game, Guoan's new aid Nkololo broke through the left rib and passed in. Zhang Yuning nodded and scored, giving the home team the lead.

Last season, Guoan lost to Shenhua at home, and its long-term unbeaten record against Shenhua in the Workers' Stadium came to an end. This Beijing-Shanghai battle was Guoan's first home game in the new season, so the Green Forest Army has a strong desire to win over its old enemy. More than 64,000 fans flocked to this game, breaking the attendance record. In the whole game, Guoan completed 12 shots and 9 corner kicks, both of which were twice as many as Shenhua. Shenhua goalkeeper Xue Qinghao made many wonderful saves. Under the pressure exerted by the opponent, Shenhua also injured the general Mineiro. The Brazilian striker strained his leg after a dribble run and came off the field clutching his thigh in pain.

"Although our lineup today was uneven, the unity and fighting spirit shown by the players on the court was outstanding." Slutsky refused to give in on the sidelines, and even received a yellow card for questioning a referee's penalty. However, the Shenhua coach always believed that the game was evenly matched, especially in the second half, when Shenhua broke through the Guoan gate.

In the 66th minute, Chen Jinyi seized the opportunity of a free kick and scored directly with his left foot from the arc of the penalty area. This world-beating kick also ignited the enthusiasm of Shenhua fans who traveled to the Workers' Stadium. In the stands, they cheered for Shenhua and applauded Chen Jinyi. The dancing blue became a bright color of the Workers' Stadium.

Chen Jinyi revealed after the game that he was full of confidence when he took the free kick and felt that this kick must be good. "The team's set-piece training has always been conducted by Gao Tianyi and me. This ball happened to be just what we discussed, and I am confident from this angle. I played the same feeling as usual training." Shenhua full-back said, "In this game, our goal is to get 3 points. I am very happy that I can score today. It is also a good feeling to help the team get 1 point."

During this period, Shenhua was plagued by injuries, and so was Guoan. In the absence of many main players, both teams used the tactics of long passes and looking for two penalty kicks. Slutsky commented: "This was a fierce duel. Both sides showed courage. The score reflects the strength of both sides." As for Chen Jinyi's free kick goal today, it is worth thousands of dollars. It not only allowed Shenhua to grab points in the Workers' Stadium, but also allowed the team to continue to maintain a psychological advantage when facing Guoan. Si Shuai commented on this goal: "It shows the competitiveness of everyone in the Shenhua team."

Shenhua coach Slutsky

In the standings, Shenhua lost 5 points and is still far away from the goal of clearing the score. But the bigger challenge facing Shenhua now is the incomplete lineup. In particular, the absence of Guy, Teixeira and Wu Xi has a significant impact on Shenhua's offense. Now that Mineiro is injured again, Shenhua's strikers are stretched thin. Fortunately, after this round, the Chinese Super League has entered a short rest period. It is hoped that the injured can recover as soon as possible in two weeks to catch up with the restart of the league in early April.

At the just-concluded Huawei China Partner Conference 2026, Ma Haixu, Huawei Vice President and President of ICT Product Portfolio Management and Solutions Department, announced that the Atlas 350 accelerator card is officially launched for sale. The card is equipped with the Ascend 950PR processor. This also marks that after Huawei first introduced the Ascend 950PR last year, the chip was launched as scheduled.

Zhang Dixuan, President of Huawei’s Ascend Computing Business, introduced that Atlas The single-card computing power of the 350 is 2.87 times that of the NVIDIA H20, and it is currently the only inference product in China that supports FP4 low precision. Secondly, in terms of memory, its HBM capacity is 1.16 times that of the H20, reaching 112GB, and the multi-modal generation speed can be increased by 60%. Thirdly, the memory access granularity is reduced from 512 bytes to 128 bytes, and the memory access efficiency of small operators is increased by 4 times.

What does it mean to support FP4 low precision? Observer.com found out that the H200 that Nvidia now wants to sell in China does not support native FP4, and only the more advanced Blackwell has introduced it. Supporting FP4 is essentially the ultimate inference solution that trades precision for efficiency, which means that a 70B parameter model requires only 35GB of video memory, can be loaded on a single card, and the inference delay is greatly reduced, while FP16 requires 140GB of video memory.

At the scene, seven core partners, Kunlun, Huakun Zhenyu, China Kuntai, Yangtze Computing, Boyd, iSoftStone Huafang, and Baixin, launched complete products based on Atlas 350, marking the official entry of the Ascend 950 intergenerational inference computing power into the commercial stage. iFlytek also stated that the new generation of Spark large models will be adapted to the Ascend 910/950 series computing power base.

Atlas 350 accelerator card source: Observer.com

Observer.com saw at the booth that the Atlas 350 has an FP4 precision computing power of 1.56P, a bandwidth of 1.4TB/s, and a power consumption of 600W, which is 1.5 times that of the H20.

Huawei introduced at the Full Connection Conference last year that the Ascend 950 series is divided into Ascend 950PR and Ascend 950DT. The former is mainly for prefill and recommendation scenarios. It uses Huawei's self-developed low-cost HBM, HiBL 1.0. Compared with the high-performance and high-price HBM3e/4e, it can greatly reduce the investment in the prefill stage of inference and recommendation services.

From the perspective of single card indicators, it should not be a problem for the Ascend 950PR to compete with the NVIDIA H20. However, there is still a certain gap with the H200 in terms of FP8/FP16 computing power and memory bandwidth. Its power consumption indicator of 600W is also very close to the 700W of the H200.

However, in training scenarios, as the scale of model parameters becomes larger and larger, the significance of comparing the performance indicators of single cards has been limited. Huawei has also proposed a super-node strategy. At this year's Pakistan Exhibition, Huawei demonstrated the Atlas 950 super node to the world. It supports up to 8192 Ascend 950DT cards through the "Lingqu" all-optical interconnection. Even compared with the NVL576 that NVIDIA plans to launch in 2027, the Atlas 950 super node still has advantages in all aspects.

At the Ascend Artificial Intelligence Partner Summit of this partner conference, Zheng Weimin, professor of the Department of Computer Science at Tsinghua University and Ascend Honorary Advisor, said that super nodes have become a key force in promoting the development of AI technology and are gradually becoming the new normal in AI infrastructure construction with their core features such as ultra-high bandwidth, ultra-low latency, and unified memory addressing.

He also mentioned that super node technology has been applied in the Internet, telecommunications, manufacturing and other industries. Practice has proven that only super nodes with unified memory addressing capabilities can truly achieve Scale-Up expansion of computing power. Super Point gives China’s computing power the ability to support world-class large models, and promotes my country’s AI computing power to move from technology following to architecture leadership.

Source: Observer.com

Technological breakthroughs are only the first step. The real challenge lies in the sustainable development and construction of the ecosystem. Ma Haixu said at the meeting that on August 5, 2025, Huawei officially made it clear that all Shengteng software will be open source. So far, CANN and other software have completed architectural decoupling, and the installation packages have been split from 8 to 29, allowing developers to use them on demand, and compilation efficiency has increased by 58%.

"We will also support and contribute to the three-party open source ecosystem throughout the entire process, from the operator programming framework Trion to the AI framework PyTorch, to the training and acceleration engines FSDP, vLLM, etc. We have currently supported more than 50 three-party open source communities and projects, contributing It has more than 650 key features. While matching the usage habits of partner developers, we will better implement innovations based on Ascend. This year, we will continue to improve the usability of the software and further optimize the out-of-box performance, moving from ease of use to comprehensive usability,” he said in his speech.

In order to demonstrate the ease of use of Shengteng, Zhang Dixuan also mentioned the example of wisdom spectrum. He said that based on Shengteng, Zhipu completed the training of the multi-modal large model GLM-Image in three months. This model innovatively adopts a hybrid architecture of autoregression and diffusion. Within less than 24 hours after being open sourced, it topped the Trending list of Hugging Face, the world's largest open source community, proving that Ascend can train world-leading large models.

At present, artificial intelligence is rapidly integrated into everyone’s work and life. During the Spring Festival this year, a new model was released every 1.5 days on average, and the model capabilities are getting stronger and stronger. For example, Seedance2.0 can provide professional-level video generation; at the application level, OpenClaw detonated the development of global Agentic AI, realizing the transformation of AI applications from "understanding and suggestion" to "perception and execution". In just a few weeks, it has almost surpassed the achievements of Linux in thirty years, and has become the most popular open source project, driving the rapid growth of AI computing power demand.

Source: Observer.com

However, from the perspective of fragmented scenarios, not every enterprise needs a giant computing power system. For large model training with trillions of parameters, 384 cards, 768 cards, or even larger scale may be needed. For larger enterprises, 8 cards meet basic reasoning and small-scale training, with controllable costs and simple operation and maintenance; 64 cards break through performance bottlenecks and are suitable for medium and large-scale training. The cost is much lower than hundreds of cards or kilocards, and the difficulty of operation and maintenance is also within an affordable range.

Huawei has also noticed the demand for more computing power levels. Zhang Dixuan said that Ascend products have implemented hierarchical upgrades for large models of different sizes: A2 standard cards are launched for tens of billions of models, with a memory bandwidth that is 1.8 times the industry's; stand-alone servers are provided for hundreds of billions of models, with computing power that is 2.3 times that of the industry; dual-machine super node servers are used for trillions of models, and T-class models can be deployed with Lingqu direct connection, and the computing power of the entire machine is 3.78 times that of the industry.

At present, "shrimp farming" is becoming a craze, which has once again stimulated the demand for all-in-one machines. Ma Haixu and others revealed at the meeting that in the past month or so, more than a dozen partners have launched Ascend-based Claw all-in-one machines, supporting more than 100 customers to complete the development of Agent applications based on openClaw. Up to now, Shengteng has cooperated with partners to build more than 400 industry all-in-one machines, serving more than 2,700 customers, occupying more than 80% of the domestic all-in-one machine market share.

Technological advancement and ecological maturity ultimately need to be verified by the market. According to Bernstein Research's forecast, in terms of revenue, Huawei's share of China's AI accelerator market is expected to increase to 50% in 2026, NVIDIA may drop to 8% due to product bans, AMD will rise to 12%, Haiguang will rise to 8%, Cambrian will rise to 9%, and Moore Thread, Kunlun Core, Muxi Technology and Biren Technology will be in the 1%-3% position.

On March 22, Xu Xinxiong, CEO of Thailand's TCP Group, the founding company of Red Bull, said at the 2026 annual meeting of the China Development Forum that with the in-depth advancement of the "Healthy China" strategy, healthy consumption has transformed from optional demand to rigid demand, becoming a core track for consumption upgrades.

In this context, he called on the government to build a solid foundation for industrial development with scientific supervision and institutional innovation, and for enterprises to accurately match market demand with product innovation and quality upgrades. Through two-way collaboration between government and enterprises, we can truly activate consumption potential, promote the formation of a virtuous cycle that promotes employment, increase income, and stabilize consumption, and consolidate the foundation of consumption as the main driving force for economic growth.

Xu Xinxiong pointed out that innovation is the core engine for activating consumer supply and promoting industrial upgrading, and is also the key to cultivating new productivity in the "15th Five-Year Plan". He suggested further increasing policy support, encouraging enterprises to increase investment in basic research and core technologies, improving the integrated innovation system of industry, academia and research, and adapting industrial innovation to consumption upgrades; at the regulatory level, establishing a scientific and dynamic review mechanism for new raw materials and new functions, optimizing the registration process for innovative products with clear safety and mature efficacy, and appropriately expanding the scope of simple changes for iterative upgrades of existing products. Through policy guidance and industrial investment, we will accelerate the cultivation of new productivity in the beverage industry and create new consumer demand with high-quality supply.

In terms of tapping the potential of consumption scenarios, he suggested that special policies should be introduced to encourage consumer goods companies to continue to expand consumption opportunities, dig deeper into segmented consumer needs, and activate market vitality with the two-wheel drive of "health +" and "smart +": in the "health +" dimension, promote "health + sports, health + cultural tourism, health + office, health + festivals" and other diverse scenarios are integrated to popularize scientific health concepts and make healthy consumption the norm in life; in the "smart+" dimension, relying on artificial intelligence and big data technology, we can accurately capture consumer trends, optimize consumer experience, and achieve accurate docking of supply and demand.

At the 2026 Yabuli Forum "Investment Opportunities and Warnings under the Technological Innovation Boom" sub-forum held on the afternoon of March 18, Ding Jian, managing partner of Jinshajiang Venture Capital, shared his cutting-edge observations on artificial intelligence development trends, investment logic and risks, which attracted on-site attention.

Ding Jian believes that taking ChatGPT 3.5 in 2022 as the dividing line, the development of artificial intelligence has entered a new stage. The previous AI and the subsequent AI are two completely different things. The generalization ability, development speed and impact of this round of AI on the economy and society far exceed all previous high-tech waves. Its importance is "no less than the invention of electricity". It can no longer be described as "revolution", but should be called "subversion".

Ding Jian said that AI is evolving from a tool to infrastructure, and its influence will penetrate into all industries. "AI is probably the last outlet for mankind. If there is an industrial revolution in the future, it may already be a matter of silicon-based organisms."

Ding Jian said that no matter in the fields of biology, medicine or energy, "AI for Science" is now being talked about, and the basic enabling role of AI in all industries cannot be ignored. 6G, nuclear fusion, etc. are lower-level supporting technologies. One solves communication problems, and the other solves the energy bottleneck caused by computing power.

Regarding OpenClaw, which has attracted much attention recently, Ding Jian said that although "Lobster" is important, there is "nothing to pay attention to" technically. It just makes AI programming more automated and simply combines two technologies. What is really worthy of attention is actually the AI ​​programming itself. "Probably by the end of this year, almost all human engineers and original programming engineers will be eliminated."

However, in Ding Jian's view, current AI also has fundamental flaws, that is, it lacks perception and understanding of the physical world, and in many aspects of intelligence is not even as good as a cat. In this regard, he believes that the "world model" will be the core direction of investment in the next five years.

According to Ding Jian, he has recently participated in Li Feifei's world model project and AMI Labs co-founded by Yang Likun, and the latter's seed round financing reached 1.03 billion euros. He judged that large language models cannot lead to AGI and must rely on a new generation of paradigm breakthroughs, and conquering the world model is the prerequisite for large-scale application of robots. Whoever can make a breakthrough in the world model will not only achieve a Turing Award-level achievement, but will also completely rewrite the industrial landscape.

On the other hand, Ding Jian also mentioned that the role of capital is undergoing fundamental changes. He quoted former Google CEO Schmidt’s view that the strong capital market in the United States constitutes an important moat for its AI competition. Currently, the “AIROP” fund model has emerged in Silicon Valley—capital no longer only invests in technology companies, but directly acquires traditional industries, reconstructs them with AI, and then integrates and expands them. Capital has become the glue of the AI ​​industry, and the value chain distribution rules are being reconstructed.

Ding Jian said that the traditional investment method of finding a track in the past has faced challenges. A large number of AI application companies lack moats, and value is rapidly concentrated in the heads of large models. He suggested that what really deserves attention are new models that can open up the closed loop between data and industry. In the future, AI will be deeply integrated with real industries, and capital and technology will evolve together in an unprecedented way. Chinese investors and entrepreneurs need to simultaneously "upgrade" their cognition and actions to truly seize this historical opportunity.

According to Japanese media reports quoted by Global Network, Japanese Prime Minister Takaichi Sanae shrugged in his parliamentary defense recently and responded lightly to Japanese Communist Party Senator Taku Yamazoe’s question about why he only condemned Iran but not the United States and Israel with the sentence “Because I want to see Trump.

[Sanae Takaichi’s words made Japanese people angry]

This attitude not only shocked many Japanese citizens, but also instantly ignited criticism on the Japanese Internet. In this controversial diplomatic game, Gao Shi seemed to have used every means to please the United States, but ignored its own national interests and the people's right to know.

Faced with Yamazoe Taku's subsequent questions, especially the question of whether the US-Japan summit meeting would require the US to stop attacks, Takaichi Sanae refused to answer, only emphasizing that Iran's military actions worry Japan.

In her view, the Japan-US summit is like a golden talisman that prevents her from having to answer any difficult questions head-on. However, is such a strategy really a wise move? Or is it just a foolish move to join a powerful ally?

From a historical perspective, the relationship between Japan and the United States is complex and delicate. Since the end of World War II, Japan has been considered an important ally of the United States in the Asia-Pacific region. However, in this process, Japan's diplomatic autonomy is often hijacked by the strategic needs of the United States.

[Trump and Takaichi Sanae met]

The performance of the high market this time has exposed this pathological phenomenon. Putting personal political interests above the will of the people has undoubtedly caused Japan's national sovereignty and diplomatic dignity to gradually dissipate in its dependence on the United States. This Japanese government seems to have become accustomed to such a role and is willing to become a vassal of the US Asia-Pacific strategy.

Faced with the criticism from people on Japanese social networks, Takaichi insisted on his opinion. Netizens angrily pointed out that her disdainful attitude towards congressional inquiries and her groveling attitude towards Trump were in stark contrast, which was shameful.

Some netizens even joked that they didn’t know if she would dare to maintain the same posture when she saw Trump. Obviously, this seemingly extravagant political game has not only embarrassed Japan internationally, but also disappointed the people domestically.

Despite this, Takaichi is still looking forward to his upcoming visit to the United States. However, this so-called "diplomatic trip" turned out to be a political problem that was destined to lead to bloodshed.

[The gradual decline of American hegemony]

The world order led by the United States is no longer as stable as it once was, and the signs of hegemonic decline are obvious. The United States has begun to dump costs and risks on its allies, while Japan is still striving to play the role of a "loyal friend" on the stage.

Especially from the actual situation, the situation of the high market is not optimistic.

First, in terms of sharing alliance responsibilities, Japan has shown great goodwill, such as increasing its defense budget and expanding investment in the United States. However, in exchange, Japan has been left with ambiguity and uncertainty about its security commitments from the United States.

Secondly, when it comes to the game between China and the United States, Gao Shi’s previous remarks on the Taiwan issue have made Sino-Japanese relations tense. Against this sensitive background, she tried to sell Japan's position in Washington. She was not only worried about overreaching deals between China and the United States, but also wanted to use the Taiwan issue to tie the United States more closely to East Asian affairs. However, Japan has always been a pawn of the United States and cannot effectively influence the overall situation between China and the United States.

Finally, there is the looming shadow of the Hormuz crisis. Trump not only asked Japan to participate in the "Golden Dome" missile defense project, but also publicly urged allies to send fleets to Hormuz. As a result, Japan's risk of being pushed into the Middle East quagmire is increasing. Under such circumstances, how Japan balances domestic and foreign pressures has become an unsolvable problem.

[Trump asks Japan to send troops to the Strait of Hormuz]

It is obvious that Trump always values ​​the immediate benefits of transactions rather than the maintenance of long-term alliances. Today, Japan is asked to purchase arms. Tomorrow, it may increase investment, and the day after tomorrow, it may stand guard in Hormuz.

However, for Japan, the illusion that it could win protection by taking a tough stance against China and obeying the orders of the United States was ruthlessly shattered in the Trump era. The more Japan proves itself to be "useful," the more likely it will become a disposable tool in the U.S. strategic toolbox.

A high market will only make Japanese society resentful of the government's policy of constantly spending money without substantial security benefits.

In addition, the increasingly tense situation in the Middle East has also revealed the Japanese government's naked double standards. As the conflict intensifies, Takaichi's behavior of only condemning one party clearly betrays the norms of international fairness and seriously damages Japan's credibility as a country that advertises "peaceful diplomacy."

[Ishiba Shigeru warns Takaichi Sanae]

Just a few days ago, the former commander of the Islamic Revolutionary Guard Corps, Moghaddam, issued a clear warning to Japan – if US military facilities in Japan participate in attacking Iran, they will suffer retaliation from Tehran. This is not a simple threat. Under the current circumstances, any action may lead to unpredictable and catastrophic consequences.

In this regard, former Japanese Prime Minister Shigeru Ishiba reminded Sanae Takaichi that when meeting with Trump, he must first confirm one thing: whether the US attack on Iran is legal.

Ishiba believes that only by reasonably confirming the legality of U.S. actions from the perspective of international law can the U.S.-Japan talks be of substantive significance. As a sovereign country, Japan has reason and necessity to raise such questions to the United States. However, judging from Takaichi's performance in Congress, she does not seem to have such courage and stance.

And historical experience has repeatedly reminded us that without an independent diplomatic personality, a country cannot truly have dignity and influence.

Takaichi's "Trump shield" farce will definitely leave a disgraceful page in Japan's political and diplomatic history, and let the world see clearly: A country that has lost its independent soul in diplomacy can only become a pitiful vassal in the competition between great powers.

From March 21

Personal tax refund for 2025

Can be processed without reservation

The editor has compiled it for everyone

Individual tax refund application portal + complete guide

Come and take a look↓↓↓

Individual tax refund processing time and processing conditions

Processing time

Personal tax settlement time for 2025: March 1 to June 30, 2026

Appointment-free processing time for individual tax settlement in 2025: March 21 to June 30. Taxpayers do not need to make an appointment and can handle it at any time.

Required conditions

If one of the following circumstances is met, taxpayers need to handle annual settlement:

(1) The amount of prepaid tax is greater than the annual final tax payable and a tax refund is applied for;

(2) The comprehensive income obtained during the tax year exceeds 120,000 yuan and the amount of back tax required exceeds 400 yuan.

If a taxpayer has prepaid personal income tax in accordance with the law during the tax year and meets one of the following circumstances, it is not necessary to conduct annual settlement:

(1) The annual final calculation requires tax payment but the comprehensive income does not exceed 120,000 yuan for the whole year;

(2) The amount of tax to be paid in the annual final calculation does not exceed 400 yuan;

(3) The amount of prepaid tax is consistent with the annual final tax payable;

(4) Those who meet the conditions for annual tax refund but do not apply for tax refund.

Attention friends who have year-end bonuses

Choosing the right tax calculation method for year-end bonus

You can get thousands more!

How to choose the tax calculation method for year-end bonus

Year-end bonus tax calculation method

Method 1: Separate tax calculation

The year-end bonus will not be incorporated into the current year's wages and salaries, and the tax will be calculated separately according to the method of "dividing by 12 months".

Method 2: Incorporate into comprehensive income tax calculation

The year-end bonus and the annual salary, labor remuneration and other income are combined together, and after deducting the 60,000 yuan threshold, three insurances and one housing fund, special additional deductions, etc., the tax is calculated according to the annual comprehensive income tax rate table.

1️⃣If you choose to incorporate the annual one-time bonus into the comprehensive income of the year:

The first step is to calculate the taxable income on comprehensive income.

The second step is to find the applicable tax rate.

The third step is to calculate the annual tax payable on comprehensive income.

2️⃣ If you choose to calculate separate tax for one-time bonus throughout the year:

The first step is to convert the annual one-time bonus into monthly bonus income.

36000÷12=3000 yuan;

The second step is to find the applicable tax rate for the annual one-time bonus.

From the comprehensive income monthly tax rate table, find that the corresponding tax rate for 3,000 yuan is 3%, and the quick calculation deduction is 0;

The third step is to calculate the tax payable on the annual one-time bonus.

36000×3%-0=1080 yuan;

The fourth step is to calculate the taxable income from wages and salaries.

The fifth step is to find the applicable tax rate for wages and salaries.

The sixth step is to calculate the tax payable on wages and salaries.

The seventh step is to calculate the annual tax payable on comprehensive income.

1080+8280=9360 yuan.

After comparison, it can be seen that Xiao Zhang pays less tax if he chooses to calculate taxes separately. He can choose to apply the preferential personal income tax policy for annual one-time bonuses to reduce his tax burden.

Individual tax refund processing entrance and process

Check in

2025 personal tax refund processing portal: Personal Income Tax App

Operation process:

1. Log in to the Personal Income Tax App, view the topic [2025 Comprehensive Income Annual Summary], and click [Start Declaration].

Source: Shaanxi Taxation (the same below)

2. Or in the [Process & Check] function, click [Annual Comprehensive Income Summary], select the reporting year [2025], and enter the annual summary.

3. Taking standard declaration as an example, please read the declaration instructions carefully before declaring and click [I have read and understand].

4. Enter the basic information interface, check [Basic Personal Information], select or confirm [Employment Unit], and click [Next]. If you do not have an employer, you can select your main source of income, place of household registration, or place of habitual residence.

5. Enter the income and pre-tax deduction interface. Please remind everyone that when the annual one-time bonus is calculated annually, please follow the system prompts and click to enter [Salaries] to confirm.

You can choose to use the bonus tax calculation method to calculate the "one-time bonus throughout the year" [comprehensive income tax], or choose one of

Separate tax calculation].

6. Enter the tax calculation interface. After you have verified the income, expenses, tax-free income and pre-tax deductions, etc., click directly

Next step】Enter the tax calculation interface.

7. The system will automatically calculate your

Amount of tax payable] or

Tax Refund Amount] and is displayed on the lower left.

8. After the declaration is successful, if a tax refund is required, jump to the tax refund page.

9. If you need to pay back taxes, jump to the tax payment page.

If you want to know more about personal tax refund

Processing procedures, tax refund deduction standards,

Individual tax thresholds and other content

Interest income continues to decline, and non-interest income turns from increase to decrease. Ping An Bank's net profit in 2025 is still under pressure.

The 2025 annual report of Ping An Bank (000001.SZ) disclosed on the evening of March 20 showed that the bank’s operating income and net profit (net profit attributable to shareholders of the bank, the same below) last year continued to decline by 10.4% and 4.2% year-on-year. Compared with the previous year, the decline in the bank's operating income last year slowed down, while the decline in net profit was basically the same.

The reduction in the loan market prime rate (LPR) and the contraction of interest income caused by insufficient effective demand are still the main factors affecting revenue and profits. Last year, the bank's net interest income and non-interest net income fell by 5.8% and 18.5% respectively year-on-year.

However, positive factors have emerged. Last year, the bank's net interest margin fell by 9 basis points, a sharp 42 basis points narrower than the decline in 2024. The retail business, which has been in the throes of adjustment in recent years, has also shown signs of stabilizing, and its net profit has increased significantly compared with the previous year.

Interest spreads narrowed

Annual report data shows that as of the end of 2025, Ping An Bank's total assets were approximately 5.93 trillion yuan, a year-on-year increase of 2.7%; its deposit and loan balances were 3.58 trillion yuan and 3.39 trillion yuan, respectively, a year-on-year increase of 1.4% and 0.5%.

Compared with the previous year, the bank's operating income last year still declined, but the decline narrowed, while the decline in net profit was basically the same.

Last year, the bank achieved operating income of 131.44 billion yuan, a year-on-year decrease of 10.4%; net profit was 42.63 billion yuan, a year-on-year decrease of 4.2%. In 2024, the bank's revenue and net profit dropped by 10.9% and 4.2% respectively.

The year-on-year decline in revenue and profits was related to the decline in non-interest income. For the whole of last year, the bank's non-interest net income was 43.421 billion yuan, a year-on-year decrease of 18.5%. In the previous year, this figure was 53.268 billion yuan, a year-on-year increase of 14%.

The largest decline was in other non-interest net income, with a total scale of 19.527 billion yuan, a year-on-year decrease of 33%. Ping An Bank explained that this was mainly due to the decline in non-interest net income from bond investment and other businesses due to market fluctuations in 2025. Among them, the largest decrease was the gain and loss from changes in fair value, which was a floating loss of 2.518 billion yuan, a year-on-year decrease of 181.1%.

Compared with non-interest income, the factor that has the greatest impact on performance is still interest income. The annual report shows that for the whole of last year, the bank’s interest income was approximately 169.86 billion yuan, a year-on-year decrease of 14.4%. Among them, deposit interest income was 130.5 billion yuan, a year-on-year decrease of 15.4%. This resulted in the bank's net interest income last year falling 5.8% year-on-year to 88.021 billion yuan.

The main reason for the decline in interest income comes from the narrowing of interest spreads. In 2025, the bank's average loan yield will be 3.87%, a year-on-year decrease of 67 basis points, of which the average corporate and personal loan yields will be 3.05% and 4.79%, respectively, a year-on-year decrease of 51 and 77 basis points.

In this regard, Ping An Bank explained that this is because the bank has increased credit support for key industries, regions and customers, increased the proportion of high-quality customer groups, and driven the continuous optimization of customer group structure and asset structure; secondly, due to the decrease in the loan market quoted interest rate (LPR), coupled with the lack of effective credit demand, the interest rate of new loans continued to decline, coupled with the impact of factors such as interest rate adjustments and repricing of existing mortgage loans, the loan yield declined year-on-year.

During the same period, the bank's interest expenses in 2025 will be 81.84 billion yuan, a year-on-year decrease of approximately 23.1 billion yuan, a decrease of 22%. Deposit interest expenses fell from 72.3 billion yuan in the previous year to 59.4 billion yuan, a decrease of nearly 13 billion yuan, a decrease of 17.9%; the average interest payment rate of interest-bearing liabilities was 1.67%, a year-on-year decrease of 47 basis points; the average interest payment rate of deposits was 1.65%, a year-on-year decrease of 42 basis points, but both were lower than the decline in loan yields.

Under this circumstance, the bank's net interest margin and net interest margin also dropped by 0.09 and 0.07 percentage points year-on-year to 1.78% and 1.76% respectively.

The bank expects that in the context of asset repricing and support for the real economy, there will still be downward pressure on net interest margins, but the downward trend is expected to slow down. It will continue to strengthen asset and liability portfolio management, refine pricing management, and provide forward-looking guidance to mitigate the downward trend in interest margins. On the asset side, we will continue to allocate large categories of assets and encourage high-quality credit; at the same time, we will strengthen market research and judgment, flexibly and dynamically allocate interbank assets, and improve the efficiency of capital utilization. On the liability side, we focus on guiding the absorption of low-cost deposits, controlling high-cost deposits, and making every effort to control and reduce overall liability costs.

However, positive factors have emerged. The bank's net interest margin decline last year has slowed significantly. In 2024, the bank's net interest margin and net interest margin will be 1.87% and 1.83% respectively, a decrease of 0.51 percentage points and 0.48 percentage points compared with 2023.

Retail profits stop falling and stabilize

After more than two years of adjustments, Ping An Bank’s retail business performance has shown signs of stabilizing.

Annual report data shows that last year, the bank's retail business achieved operating income of 61.26 billion yuan, operating profit before impairment of 40.83 billion yuan, total profit of 3.22 billion yuan, and net profit of 2.68 billion yuan. Compared with the previous year, the latter two indicators increased by 2.864 billion yuan and 2.394 billion yuan respectively, a year-on-year increase of more than 800%, and their proportion in the total net profit increased from 0.6% to 6.3%.

Such changes are mainly due to the decrease in the scale of asset impairment. Last year, the bank's retail credit and other asset impairment losses totaled 37.57 billion yuan, a year-on-year decrease of nearly 11.2 billion yuan, and a drop of more than 22% from the previous year's 48.7 billion yuan.

In addition, the non-performing ratio of Ping An Bank's personal loans also dropped from 1.39% at the end of 2024 to 1.23% at the end of last year, a year-on-year decrease of 0.16 percentage points. In addition to operating loans, the non-performing ratios of personal housing mortgages, credit cards, consumer loans and other loans fell by 0.19, 0.32 and 0.23 percentage points respectively year-on-year.

Wealth management income in the retail business also saw considerable growth. Last year, Ping An Bank's wealth management fee income was 5.06 billion yuan, a year-on-year increase of 15.8%; of which, personal insurance agency income was 1.292 billion yuan, a year-on-year increase of 53.3%; personal financial management agency income was 1.287 billion yuan, a year-on-year increase of 8.8%; personal fund agency income was 2.290 billion yuan, a year-on-year increase of 8.9%.

The annual report shows that Ping An Bank’s asset quality continues to improve slightly. As of the end of last year, the bank's non-performing loan ratio was 1.05%, a year-on-year decrease of 0.01 percentage points; the non-performing loan generation rate was 1.63%, a year-on-year decrease of 0.17 percentage points.

During the same period, the bank's proportion of overdue loans also declined. As of the end of last year, the bank's focus on loans accounted for 1.75%, a decrease of 0.18 percentage points from the end of the previous year; overdue loans accounted for 1.34%, a decrease of 0.18 percentage points from the end of the previous year; the deviations of loans overdue for 60 days and more than 90 days were 0.67 and 0.56 respectively; the credit and other asset impairment losses for the year were 40.56 billion yuan, a year-on-year decrease of 17.9%.

Ping An Bank said that this was mainly due to the overall macroeconomic stability and progress. The bank continued to optimize its business structure, strengthened the collection of non-performing assets, achieved results in risk management and control of key large accounts, and reduced overall impairment provisions. Among them, the total amount of non-performing assets recovered was 36.798 billion yuan, including the principal of written-off non-performing assets of 19.11 billion yuan; and 97.2% of the recovery amount was cash recovery.