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The phrase "一元复始" is formed by sequentially combining four characters: 一 (one), 元 (origin), 复 (again), and 始 (begin), where "一元" denotes the initial cycle or first principle, and "复始" indicates returning to a start, thus collectively expressing the concept of a cycle recommencing or a new beginning.

Word Definition - 一元复始

yī yuán fù shǐ a new year begins (idiom)