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　　　　We are good at studying the strong and summing up their ways of being strong. Today, I will bring you two highly cost-effective evaluations, one is recently released, and the other is an industry that has always been known for its "cost performance". Someone wants to ask, which of these two machines is more powerful? More cost-effective? To this end, I have made a comprehensive comparison between Lenovo Z6 Pro and Xiaomi 9 in terms of appearance, photography, performance, battery life, service and other dimensions. Let’s take a look.

Both flagships are highly valued. Lenovo Z6 Pro decides success or failure with details.

　　　　Let’s take a look at Xiaomi 9 first. This flagship machine, which was released on February 20th, 2019, is officially called Xiaomi 9, which is by far the most valuable mobile phone in Xiaomi. (Many netizens feel that the back shell of Xiaomi 9 has a strong sense of cottage and prefers the back of the special edition of the Forbidden City).

Xiaomi 9 (left) Lenovo Z6 Pro (right)

　　　　First of all, on the back of the fuselage, Xiaomi 9 has three color schemes: deep gray, Holographic magic blue and holographic magic purple. The blue and purple adopt a holographic magic color design called "Holographic", and the mystery behind it is nano-holographic pattern+double-layer nano-plating technology.

　　　　Through the diffraction of about 170 million nano-gratings on the back of the fuselage, with the change of light flow, every angle of 360 can present rainbow-like mottling, which is the holographic magic color design.

　　　　In fact, not all categories of Xiaomi 9 have such a design, but only the color matching of holographic magic color series, while deep space gray does not have such a design.

　　　　The shape of the front water drop, Xiaomi 9 is somewhat similar to a round-headed water column, which is relatively rigid. In the system patch released in the official version, the transition connection of Xiaomi 9 concave part becomes more natural, but in the environment of strong light irradiation, there will also be the phenomenon of wearing.

　　　　Xiaomi officially said that Xiaomi 9 is the narrowest chin below 3999 yuan. Indeed, it is narrower than Lenovo Z6 Pro, but in terms of forehead, it is obvious that Lenovo Z6 Pro is more dominant.

Xiaomi 9 (left) Lenovo Z6 Pro (right)

　　　　Let’s take a look at Lenovo Z6 Pro. The front adopts a 6.39-inch Samsung AMOLED screen, and the water droplets are in full-screen form with a resolution of 2340×1080. Adopt new patented innovative frame design, nano-scale suspended glue spraying process, and the narrow screen frame design will never become warped.

Lenovo Z6 Pro (left) Xiaomi 9 (right)

　　　　The four cameras on the back are vertically arranged. Friends who have seen the conference also know that Lenovo has an exclusive patent, and the camera seal design of the Z6 Pro will never be dusty.

Xiaomi 9 (left) Lenovo Z6 Pro (right)

　　　　The four shots of the mirror red circle coating on the back, plus the 17-layer 3D streamer gradient coating process, are more cool in visual experience than Xiaomi 9, and the violent aesthetics presented are enough for people to fall into it.

Lenovo Z6 Pro (left) Xiaomi 9 (right)

　　　　Lenovo Z6 Pro’s camera is more flat and aesthetically superior than Xiaomi 9′ s extremely convex design.

Lenovo Z6 Pro (left) Xiaomi 9 (right)

　　　　In terms of thickness, Xiaomi 9′ s "small waist" design makes the overall fuselage look slim. However, the source of this advantage can’t be said: the 4000 mAh battery of Lenovo Z6 Pro is obviously larger than the 3200 mAh battery of Xiaomi 9. Xiaomi 9 is 7.61mm, and Lenovo Z6 Pro is 8.65mm thick. The increase of only 1mm thickness brings the increase of 800 mAh. If I were you, I would choose the latter.

Xiaomi 9 (left) Lenovo Z6 Pro (right)

　　　　In addition, in terms of details and design elements, Lenovo Z6 Pro is more in place: the patented design that never enters the ash is better than Xiaomi 9; The unobtrusive camera design, plus four shots of mirror light red circle coating, is more cool than Xiaomi 9; The gradient red line also has a unique recognition; On the right button, the groove design of Lenovo Z6 Pro, plus the red power button, makes Lenovo Z6 Pro have a little "overbearing" that the flagship should have; 3.5, the retention of the mm headphone jack also allows Lenovo to win the details and conscience.

Lenovo Z6 Pro handset is small and difficult to dust.

Xiaomi 9 receiver is wider.

　　　　The advantages of Xiaomi 9 are concentrated on "small levels", such as a narrower chin (but the forehead is not as narrow as Lenovo Z6 Pro); A slimmer fuselage; Simple design elements and so on.

Lenovo Z6 Pro’s Unique Red Power Button

　　　　Generally speaking, both machines belong to the high-value strength school at the same price, and it is naturally a matter of opinion who is more beautiful in appearance.

Taking pictures: a strong confrontation between four shots and three shots

　　　　Lenovo Z6 Pro is equipped with 48 million pixels+ultra-wide-angle lens+8 million pixels telephoto lens+2 million night-shooting lens in the rear, with apertures of f/1.8, f/2.2, f/2.4 and f/1.8 respectively, and a 32 million-pixel self-timer lens in the front, which has the functions of macro, wide-angle, sports and body-building, and has a ToF lens to assist in focusing. In addition, it also supports 2 x optical zoom and 8 x digital zoom, OIS eight-way optical image stabilization, six-axis gyroscope image stabilization and so on.

　　　　The high quality is jaw-dropping.

　　　　On the Xiaomi 9 side, it is also equipped with a 48-megapixel main camera+a 12-megapixel portrait lens+a 16-megapixel super wide-angle and macro lens. The apertures are f/1.75, f/2.2 and f/2.2, respectively. The front has a 20 million, which supports smart face-lifting, slimming, stovepipe and macro shooting. And support 2 times and 10 times digital zoom.

　　　　In general, Lenovo Z6 Pro has a 2 million night shot lens and a ToF auxiliary lens. On the front, the Z6 Pro has an advantage of 32 million pixels. In terms of aperture and zoom, the difference between them is not obvious.

　　　　Look at the actual sample comparison:

　　　　Judging from the real sample, there is little difference between the two mobile phones in the daytime sample, and the sample of Xiaomi 9 is slightly off color. Lenovo Z6 Pro has the best performance in white balance, with more details. In terms of color, the color of Xiaomi 9 is lighter, and the color of Lenovo Z6 Pro is closer to reality.

Performance: Snapdragon 855 runs with blood.

　　　　In terms of performance, both machines are equipped with Snapdragon 855, the god of the moment. Relying on these three points, let it stand at the peak of the Android lineup.

Kryo 485 8-core CPU architecture　

　　　　Kryo 485 is by far the strongest CPU core in Qualcomm. Different from the previous "4+4" architecture, Snapdragon 855 adopts the "1+3+4" architecture design based on ARM DynamIQ. One Kryo 485 Gold Prime core with a frequency of 2.84GHz and three Kryo 485 Gold cores with a frequency of 2.42GHz are responsible for high-load tasks, compared with the "2+2" configuration.

　　　　The other four Kryo 485 Silver efficiency cores with a frequency of 1.80GHz are responsible for low-load scenarios, and the flexible scheduling of eight cores brings better energy efficiency control. Compared with the previous generation, the CPU performance of Snapdragon 855 platform has been greatly improved by 45%.

Adreno 640 graphics processor

　　　　For a long time, the graphics performance of Snapdragon mobile platform is leading the industry, and Adreno graphics processor has the best performance and energy efficiency ratio in the industry. The newly upgraded Adreno 640 has 20% higher performance than the previous generation, and supports the Snapdragon Elite Gaming platform, bringing many new features such as true HDR, PBR and Vulkan 1.1.

Hexagon 690 DSP

　　　　Artificial intelligence is not a gimmick. Since One Mind, AI has become an indispensable part of Meizu system experience. Hexagon 690 DSP chip integrates four vector extension cores (HVX) and a newly designed tensor accelerator (HTA), which improves the performance of vector extension twice. At the same time, a four-thread scalar kernel is added, and the computing performance is 1.2 times that of the previous generation.

　　　　Having said so many hardware parameters, as consumers, we still "don’t look at the advertisement to see the curative effect". Let’s look at the performance part, and I will talk about the reality of Xiaomi 9 and Lenovo Z6 Pro.

　　　　There is a question. Obviously, the two machines use the same processor. Why is Lenovo Z6 Pro running slightly higher than Xiaomi 9? In fact, the industry treasurer Chang Cheng also emphasized in the press conference that Lenovo Z6 Pro has made 272 special optimizations for this processor. And the running score is not only directly related to SoC, but also closely related to the cooling system of mobile phone (the cooler the mobile phone, the higher the running score) and the scheduling of running memory. Relying on these points, Lenovo Z6 Pro will be superior.

System: You two have a hard time optimizing the "Jianghu"

　　　　In terms of system, Lenovo/Xiaomi are both deeply customized systems based on Android-Zui 11 and MIUI 10. Both systems are relatively mature, and they have cultivated their own loyal user groups. The two systems’ optimization of the famous "old rivers and lakes" has come to a head. You know, well-known mobile phone manufacturers will not shrink in this aspect of the system, which also explains what it means to "buy a thousand yuan brand rather than a ten thousand yuan brand."

　　　　Lenovo Z6 Pro is equipped with the ZI system, which is lighter in overall weight and enhanced in function. In addition to the negative screen and the simple and efficient 4D U-Touch function, it also has intimate designs such as artifact input box and position crossing. Here is a brief introduction to you.

Position Crossing-Nailing Punch Artifact

　　　　There are many test functions in the ZUI experiment, and I think the middle position crossing function is still very interesting, which can modify the position of different apps, so as to achieve the effect of "crossing the position".

　　　　For users who want to buy Lenovo Z6 Pro, this is a function that must be explored. Of course, there is also a function such as small window video waiting for you to explore.

4D U-Touch：

　　　　This function should be very familiar to the old users of ZUI. By interacting with the gestures of the internal sensors, various shortcut functions can be implemented, which is simple and efficient.

Tap the phone to open Alipay or:

Cut all mobile phones and turn on flashlights:

Turn the phone and turn on the camera:

　　　　The MIUI10 equipped with Xiaomi 9, although not a very fresh system, still has many interesting small functions on Mi 9. For example, in the dark mode, after opening, most of the built-in APP interfaces become black, and the three models built into the system will also become black skin.

　　　　The information screen display function has 16 clock styles, but the flaw is that it cannot change the definition elements by itself. I think this function will be added in the subsequent system upgrade.

The sixth generation screen fingerprint of Lenovo Z6 Pro is stronger than the fifth generation of Xiaomi 9;

　　　　This time, Lenovo Z6 Pro adopts the sixth generation photoelectric screen fingerprint technology, and adopts triple lens inside, which increases the fingerprint unlocking speed.

Comparison of basic functions

　　　　In other aspects, Lenovo Z6 Pro supports L1+L5 dual-band GPS, GAME Turbo and so on. In addition, Lenovo Z6 Pro installed a Coldfront night cooling system inside the fuselage, and cooled the processor through a liquid cooling device. With Dolby panoramic sound, as well as video AI four shots, HYPER VIDEO and other functions. Conscientiously, the functions of 3.5mm headphone jack, headphone jack, Type-C jack and Bluetooth headphone are reserved, so that three headphones can listen to songs at the same time.

　　　　Xiaomi 9 is equipped with Game Turbo game acceleration function, supports game scene mode and enhanced game touch mode, and is equipped with game toolbox 2.0. The underlying optimization technology of MI Turbo system is deeply optimized. In terms of headphones, Xiaomi 9 uses a Type-C to 3.5mm headphone patch cord, which supports dual-frequency GPS, old card transfer machine, super-linear speaker, and has the characteristics of "Little Love Classmate" independent AI button.

　　　　By comparison, in the game session, Lenovo Z6 Pro’s Coldfront night cooling system is more dominant, and Xiaomi 9′ s game experience is not bad. In addition, the video AI Four Shots and HYPER VIDEO owned by Z6 Pro are more eye-catching, while Xiaomi’s MIUI system and Xiao Ai’s classmates are more mature in interaction.

Endurance: Lenovo Z6 Pro’s high-power strength is unusual.

　　　　For users, the battery life experience is related to how long users can play mobile phones, which is undoubtedly very important. Lenovo’s 4000 mAh battery is significantly larger than Xiaomi 9′ s 3200 mAh battery.

　　　　For battery life comparison test, we introduce Zhongguancun online 5-hour battery life test and 30-minute charging speed to evaluate the battery life of mobile phones.

　　　　5-hour battery life means: when the battery is fully charged, use half the brightness and volume of the screen, clear the background programs, take photos, brush Weibo, use WeChat, browse the web, play mobile games, stop at new music and read e-books in sequence, and record the remaining power of each node. The test lasts for 5 hours.

　　　　It can be seen that the comprehensive performance of the endurance level and charging speed of Lenovo Z6 Pro is more eye-catching. Of course, the endurance of Xiaomi 9 is not bad. I have to admit that the 4000 mAh battery of Lenovo Z6 Pro is really no joke.

Write to the end

　　　　Through comprehensive capabilities and hardware strength confrontation, Lenovo Z6 Pro seems to have shattered the selling point of Xiaomi 9′ s main cost performance. It can be felt that Lenovo Z6 Pro is slightly stronger than Xiaomi 9 in configuration.

　　　　In terms of selling price, the price of Lenovo Z6 Pro 6GB+128GB is 2899 yuan; 8GB+128GB is 2999 yuan; 8GB+256GB is 3799 yuan; 12GB+512GB is 4999 yuan; The 6+128GB version of Xiaomi 9 is 2999 yuan, the 8+128GB version is 3299 yuan, and the 8GB+256GB version is 3699 yuan.

　　　　Therefore, it can be seen that in the same version of 6+128GB, Lenovo is cheaper than Xiaomi in 100 yuan; In the 8+128GB version, Lenovo is definitely cheaper than Xiaomi, 300 yuan. Who is the king of cost performance?

　　　　Lenovo Z6 Pro has earned a good reputation for the name "Fighting over Buddha". Of course, "Fighting Angel" Xiaomi 9 is not weak. For now, the Monkey King is more worthy of you.

　　　　Since the beginning of this year, only three of the 121 stock funds have outperformed the Shanghai and Shenzhen 300 Index. In the past year (from September 18, 2006 to September 17, 2007), only two stock funds have outperformed the Shanghai and Shenzhen 300 Index.

　　　　"Is the Shanghai and Shenzhen 300 really hard to beat?" According to insiders of fund companies, recently, a group of fund managers discussed this "strange phenomenon" with great anxiety at the party.

　　　　Funds can’t outrun the Shanghai and Shenzhen 300.

　　　　In the past year, only two equity funds, Huaxia Market Selection and China Post Entrepreneurship Core Optimization, outperformed the Shanghai and Shenzhen 300 Index, rising by 309.87% and 309.48% respectively. In the same period, the Shanghai and Shenzhen 300 Index rose by 303.64%, while the Shanghai Composite Index rose by 215%.

　　　　From the beginning of this year to September 17th, only three equity funds outperformed the Shanghai and Shenzhen 300 Index, namely, China Market Select (up 205.31%), China Post Core Preferred (up 193.90%) and Everbright Prudential Bonus (up 166.67%). In the same period, the Shanghai and Shenzhen 300 Index rose from 2,041.05 points to 5,498.91 points, with an increase of 169.42%, while the Shanghai Composite Index rose by 102.63%.

　　　　Observing the awkward positions of these three funds, we can find that as of June 30, the second largest awkward position in China’s market selection was *ST Guangsha. At the end of 2006, *ST Guangsha had not yet entered the fund portfolio, but by the mid-2007, the position of Huaxia Market had rapidly increased to 10,699,400 shares, which was just the middle of the big band in which *ST Guangsha rose from 6 yuan to 15 yuan.

　　　　From *ST Guangsha, baoshan iron & steel, China Southern Airlines and China Storage Co., Ltd. to Taiyuan Heavy Industry Co., Ltd., China’s market selection is neither greedy nor urgent, and only eats the middle paragraph of the market. The most typical one is Taiyuan Heavy Industry, which opened a position near 6 yuan around June 2006, and got away with it when it rose to 9 yuan.

　　　　The optimization of China Post’s entrepreneurial core and the dividend of China Everbright Prudential are typical inverted pyramid operations. In the first half of this year, China Post’s entrepreneurial core gradually increased its position in CONCH and completely ate the stock’s market from 28 yuan to 60 yuan.

　　　　Is underperforming the broader market due to the high performance benchmark?

　　　　Faced with the embarrassment that the whole fund industry has underperformed the broader market, are fund managers really exhausted in Jiang Lang?

　　　　"In fact, on the whole, the performance of the fund sector is still above average. The reason why it underperformed the broader market is mainly because the performance appraisal benchmark is too high." Zhou Liang, research manager of Lipper China, told the Financial Weekly reporter that if the performance of the Shanghai Composite Index is compared, the performance of most equity funds is beyond the broader market.

　　　　From the beginning of this year to September 17th, the Shanghai Composite Index rose from 2,675.47 points to 5,421.39 points, an increase of 102.63%. In the same period, data from Galaxy Securities showed that 78 of the 121 equity funds had a net growth rate that exceeded that of the Shanghai Composite Index. All 16 index funds outperformed the Shanghai Composite Index, ranking first among all types of funds with an average net growth rate of 139.32%. Of the 57 partial stock funds, 31 were up to standard, with an average growth rate of 114.14%.

　　　　But if calculated by Shenzhen Component Index, the confidence of fund managers will be gone. Statistics show that since the beginning of this year, the Shenzhen Component Index has risen from 6,647.14 points to 18,499.38 points, an increase of 178%. During this period, among the equity funds, only two funds, selected by Huaxia Market and optimized by China Post, reached the standard, and only E Fund SZSE 100TEF exceeded this level. The hybrid fund is completely annihilated, and its performance is lower than this level, whether it is partial stock, balanced or partial debt.

　　　　Zhou Liang believes that since the beginning of this year, the sudden emergence of Shenzhen market has boosted the growth rate of the whole A-share market. However, for the sake of controlling risks, fund companies have not increased their positions in Shenzhen, making their performance weaker than that of the Shanghai and Shenzhen 300 Index, which combines the performance of Shenzhen and Shanghai markets.

　　　　Institutional game competition upgrade

　　　　"If we must find the reason from the performance of the fund, the intensified competition in the A-share market may be an important reason." Zhou Liang told reporters that during the bear market from 2002 to 2004, the net value shrinkage rate of most funds was less than the decline of the stock index, and some funds even made small profits during this period by tapping the "five golden flowers" and "blue chip concept".

　　　　"In the bear market, the net shrinkage rate is less than the performance benchmark, which is also considered to outperform the market. However, it is increasingly difficult to ask the fund to surpass the market now, because the investor structure of A shares has undergone fundamental changes. " Zhou Liang said.

　　　　According to the data of Galaxy Securities, as of June 30, 2007, the net assets of 347 funds in the A-share market totaled 1,799.073 billion yuan, of which the net assets of stock-oriented funds reached 1,671.120 billion yuan, accounting for 31.25% of the circulating market value of Shanghai and Shenzhen A-shares.

　　　　Zhou Liang believes that before 2005, fund assets accounted for a relatively small proportion of the circulating market value of A-shares, and the main competitors of funds were retail investors. However, with the extraordinary growth of fund scale in recent two years, it has evolved into a game between funds. As a result, it is becoming more and more difficult to beat the market.

　　　　Reduce the shareholding ratio under the fear of high valuation

　　　　"You know it’s a dangerous game, but you have to play it." Not long ago, the investment director of a joint venture fund company privately commented on the current A-share market.

　　　　"Take China Aluminum as an example, its stock market value has exceeded 700 billion yuan, which is equivalent to 90 billion US dollars, which is 3.3 times that of Alcoa, the largest aluminum company in the world. "Alcoa’s average P/E ratio is about 11 times, and Chinalco’s P/E ratio is already 50 times. I don’t know which valuation method can support such a price." The person said.

　　　　It will be a long-term trend for savings to "move" to the stock market through funds. This forced fund managers with huge sums of money to "wander around" in all sectors of the stock market, and at the same time promoted this sector to become a "valuation highland", it also made that sector a "value depression", and so on, gradually raising the value center of the whole market.

　　　　"It’s like wearing three shirts in turn. There is always one that is relatively clean, but the shirt will be washed sooner or later." A fund manager of a company headquartered in Beijing Financial Street told reporters that although the reason told him that the overall valuation of the A-share market was high, he had to look for the so-called "value depression" due to performance pressure.

　　　　The fund manager believes that fearing the high P/E ratio of A shares and reducing the shareholding ratio is also a reason why some funds failed to outperform the Shanghai and Shenzhen 300.

　　　　Retail investors or trigger chain redemption

　　　　Zhang Hongji, general manager of Linfen Jiuxin Investment, believes that the same investment philosophy and the investment model derived from it have led to the increasingly serious phenomenon of similar fund positions. Once the stock market turns and fund investors redeem it on a large scale, the fund industry is in danger of breaking the capital chain.

　　　　"Now that the market has risen to 5,400 points, and the increase has exceeded 400% in two years, it is necessary for investors to properly consider the risks caused by adjustment." Zhang Hongji believes that the retail of fund investors may trigger an unexpected chain reaction in the stock market.

　　　　At present, fund positions have accounted for more than 30% of the total market value of A-shares. The redemption of a fund is very likely to lead to the decline of a stock, which in turn will cause the loss of the net value of other funds and trigger a larger redemption.

　　　　The European fable that a nail destroys a country is likely to be a portrayal of the future of the A-share market, Zhang Hongji believes.

　　　　Zhou Liang suggested that "investors with very high risk requirements can consider playing new funds and bond funds." (Reporter Xiao Yang)

Editor: Zhao Xuanxuan