Category Archive : ozPFRmXQ

Zhang Yuning recovered well after being seriously injured, and it still takes 4 weeks to practice with the team

ZhangYuningrecoveredwellafterbeingseriouslyinjured,anditstilltakes4weekstopracticewiththeteam
ZhangYuningrecoveredwell.OnMonday,BeijingZhongheGuoanteamtraininginKunmingusheredinthereturnofZhangYuning.GuoanofficialsreleasedavideoofZhangYuning’straininginKunmingonsocialmediatoday.AccordingtophysicalcoachDimitri,hestillneeds4weekstorecoverbeforehecanpracticewiththewholeteam.AttheU23AsianCupearlythisyear,ZhangYuningsufferedametatarsalfractureinthegamebetweenChinaandSouthKorea.AfterundergoingsurgeryinBeijing,ZhangYuningwenttoAmsterdamforrehabilitationinFebruaryandreturnedtoBeijingonMarch11.Aftertheisolationperiodended,ZhangYuningcontinuedrehabilitationtrainingatasportsrehabilitationinstitutioninBeijinguntilhewenttoKunmingthisweektomeettheteam.ZhangYuningperformsstrengthtraining.ZhangYuning,whoisback,isexcitedaboutsteppingonthegrassagain,”Iamveryhappytojogonthegrass,andIamveryhappytoseeeveryone.”Heissatisfiedwiththecurrentrecovery,”IamingoodhealthnowandIhavemaintainedquitewell.”PhysicalcoachDimitrisaidthatthecurrentarrangementforZhangYuningisrunning,pace,passing,anddribblingtraining.”(His)overalllooksgood,andheisexpectedtoneed4weekstorecover,especiallyphysicalfitnessaspect.Onlyafteracertainpersonaltrainingcanyouparticipateintheteam’sjointtraining.”Sauna,YeWangZhouXiaoeditorWangChunqiuproofreadingWeiZhuo

[How to make a delicious steamed mandarin fish?

]_How to do_Practice Daquan

[How to make a delicious steamed mandarin fish?
]_How to do_Practice Daquan

Mandarin fish is a common species in life, and its nutritional value is very high. It is supplemented with micronutrients such as protein, trace, calcium, potassium, and magnesium. If eaten regularly, it can enhance immunity, nourish blood and lower blood pressure.

Steamed mandarin fish is a home-cooked dish that is often made. Steamed mandarin fish can almost retain its nutritional value and is delicious. It is especially suitable for the old and young and the poor digestive function., And more importantly, it can help patients with tuberculosis to recover. It is a rare and delicious dish.

The method of making mandarin fish is also very simple. Prepare enough mandarin fish, clean the mandarin fish, pickle it with salt, mix the prepared ingredients together and steam it in the pot. The delicious steamed mandarin fish can be prepared.

Here are the specific steps for steaming mandarin fish.

Ingredients 150 grams of vegetable moss, 50 grams of eggs, 5 grams of refined salt, 4 grams of monosodium glutamate, 1 gram of sugar, 100 grams of soup, 5 grams of dried raw meal, 6 grams of wet meal, 1 gram of pepper, and 40 grams of raw oil.
Production method 1: clean the mandarin fish, keep the head, tail, and two pieces of fish, wash them, and cut the fish into two flying pieces.

Cut the ham into 24 pieces.

Fry the eggs into egg skins and cut 24 filaments for later use.

2. Fish the fish fillets with 2 grams of refined salt and then distribute the dried raw flour. Fish fillets face upwards. Put 1 ham strip and roll it up, then roll it with egg shreds in the middle., Put the fish head and tail back, put it in a steamer and steam it for 6 minutes, remove it, and pour the original juice.

3, fry the vegetable moss, and divide into 3 rows in the fish.

Then use the soup to add the seasoning, use the wet powder to make a glass pan, and add the tail oil to make the noodles.

Instructions for consumption 1.

Mandarin fish contains protein, trace amounts, a small amount of vitamins, calcium, potassium, magnesium, selenium and other nutrients. The meat is tender and easy to digest. For children, the elderly and those with weak spleen and stomach digestion, eating MandarinCan tonic, without having to worry about digestive difficulties; 2.

Eating mandarin fish has the function of “maggots”, which is bound to be beneficial to the rehabilitation of patients with tuberculosis.

[Effects of Dioscorea]_Benefit_Value

[Effects of Dioscorea]_Benefit_Value

Speaking of ground lotus, the first thing everyone thinks about is that it is not the kind of lotus root that grows in the pond. Actually it is not. The ground lotus that is said today is not lotus root.The cold dish that is often seen in supermarkets is just as crunchy as it is. It is longer than the soil, the whole body is treasure, and the stems and leaves can be eaten as vegetables. Then this is used as a medicine.If so, let ‘s take a look at it.

Dioscorea can not only be eaten as a vegetable, but also be used as a medicine after drying. It has the effects of refreshing the brain, appetizing, invigorating the liver and kidney, strengthening the waist, knees, and bones.

Ground 藕 also known as: ground ginseng, sweet potatoes, ground bamboo shoots, cordyceps ginseng, ground silkworm, water panax notoginseng, dry worm, silver barley, zelan root.

The loquat contains more than 20 kinds of trace elements, 18 kinds of amino acids, phenols, sugars and other nutrients required by the human body.

Modern medical research has shown that: Dioscorea contains more than 20 trace elements, 18 amino acids, phenols, sugars and other nutrients required by the human body.

It is especially suitable for women to eat as a vegetable before and after childbirth, and its health function is extremely significant.

Farmer friends may not know. In fact, Dioscorea is a famous Chinese medicine, which is used in medicine, with blood circulation, diuretic, menstrual flow, nourishing yang, moistening, refreshing, appetizing, refreshing liver and kidney deficiency, strengthening waist and kneeFunctions such as muscles and bones, blood lipid regulation, blood sugar lowering.

The effect is equivalent to Cordyceps sinensis.

The crispy fried ground ginseng has a unique flavor and is extremely crispy. It is a unique dish. The taste of the food is different from that of ordinary fried foods. The unique feature of this dish is that it does not get rid of the fire.

It also has the effects of refreshing the brain, appetizing food, replenishing liver and kidney deficiency, and strengthening the waist, knees, and bones.

Ingredients of ground ginseng porridge: 200 grams of ground ginseng, wolfberry, a small amount of rock sugar, the previous method of 100 grams of rice: Wash and cut the ground ginseng into strips.

Add casserole and cook slowly over low heat.

Efficacy: This porridge is crystal clear and has a delicate and round taste.

It is suitable for qi and blood deficiency, mental fatigue, weakness of limbs, loss of appetite, weak spleen and stomach, and anemia and dizziness.

Especially suitable for women postpartum food and blood nourishing yin and blood stasis endless, pericardial pain; bleed blood, vomiting blood.

Often eat peach noodles, waist, and energy.

Health Yuan (600380) Company dynamic comment: Share repurchases used for equity incentives and employee shareholding demonstrate development confidence

Health Yuan (600380) Company dynamic comment: Share repurchases used for equity incentives and employee shareholding demonstrate development confidence

On the evening of February 10th, the company issued an announcement on the plan to repurchase the company’s shares. It intends to use its own funds to repurchase at least RMB 1 in a centralized auction transaction.

5 trillion and not more than RMB 3.

0 ppm, the repurchase price does not exceed RMB 15 per share, and the upper limit of the repurchase price is not higher than 150% of the average transaction price of the company’s shares in the 30 trading days before the board of directors passed the repurchase resolution.

40% of the repurchased shares are used for employee stock ownership plans and 60% are used for equity 南宁桑拿 incentive plans.

The opinion repurchase plan injects confidence into the development, and the performance and estimated expectations are accelerated to fulfill.

As of the close of February 10, the company merged to 10.

49 yuan / share, the share repurchase price is higher than the closing price of 42 that day.

99%, the repurchase conditions are relatively loose, reflecting the management’s recognition of the company’s overall operating status at a level, showing the confidence in the company’s future development.

In June 2015 and December 2018, the company issued two equity incentives to directors and senior management in the form of targeted issuance of A shares to highlight the adequacy of cash flow through cash repurchase.

We believe that in the context of the company’s injection preparation pipelines in the background of research and development products have been approved for sale, the decentralized incentives and the transfer of employee stock ownership will help the company’s development.

The inhalation preparation pipeline is progressing smoothly and the growth certainty is improved.

Extracted preparations have a good competition as high-end generic drugs. The company’s first alternative preparations lead the divided race track. The large variety of budesonide suspension is progressing smoothly. The first pharmaceutical supplement has been completed. If it is successfully approved in 2020, it is expected to borrow.The opportunity for drug collection and collection quickly increased, and the current estimates of alternative preparation pipelines have not been fulfilled.

We sort out the progress of the company’s research and development pipeline and use DCF discounted valuation to give the market value of the equivalent equity of the alternative formulation sector to US $ 5.3 billion. The current market value of the corresponding company still accounts for about 30% of growth space. In the long term, the company is expected to become an alternative formulationThe first-tier high-quality companies have further enhanced their overall valuation.

Earnings forecast: We expect operating income to be 125 in 2019-2021.

87, 143.

89, 166.

91 ppm, the net profit attributable to shareholders of the listed company was 8.

79, 11.

12, 13.

86 trillion, corresponding to 0 EPS.

45, 0.

57, 0.

72 yuan / share, corresponding to PE is 23, 18, 15 times, and continue to give “overweight” rating.

Risk reminder: the risk of falling prices of APIs, less than expected drug 无锡桑拿网 development, and the risk of exchange losses.

[Can you eat spicy bars while pregnant]_Spicy bars_Pregnant women_Can you eat them?

[Can you eat spicy bars while pregnant]_Spicy bars_Pregnant women_Can you eat them?

Today’s young people like to eat small foods, especially spicy sticks, but they ca n’t be eaten anytime. If a woman is pregnant, do n’t eat spicy sticks anymore. This kind of food is unhygienic and it should be good for your baby.food.

First, can you eat spicy bars during pregnancy? Needless to say, you can’t eat them during pregnancy.

Do n’t eat it even when you are not pregnant. The spicy strips are too dirty.

It was exposed on TV.

Please be careful not to eat.

Not good for babies and pregnant women. Eat more nutritious food.

Second, what to eat during pregnancy 1, pregnant brain food pregnant women should eat more foods rich in iodine can promote brain development, improve intelligence, avoid kelp, etc., supplement the demand for iodine to promote thyroid synthesis, which is beneficial to the fetal brainWell developed.

Kelp is the best in iodine supplement foods. It supplements protein, fatty acids and trace elements such as calcium and iron. It also improves the body’s anti-infection ability, thereby playing a role in nourishing the brain and strengthening the brain.

2. Hair-care foods If parents have poor hair quality or have hair problems.

Pregnant women can eat more foods rich in vitamin B.

Such as lean meat, fish, animal liver, milk, bread, beans, eggs, laver, walnuts, sesame, corn and green vegetables, these foods can improve children’s hair quality, completely thick, dark, and shiny.

3, you depending on food pregnant women can eat more vitamin A foods, such as animal liver, egg yolk, milk, cod liver oil, Hu Baobu, apples and so on.

Among them, chicken liver contains vitamin A as the most, Hu Xibu can also promote the increase of hemoglobin, thereby increasing the blood concentration.

Pregnant women eat more of these foods can help your baby’s vision development and the formation of excellent vision.

4, skin-friendly food If parents suffer from dark, pregnant women can eat more vitamin C foods.

Vitamin C can inhibit skin melanin production, can reduce the precipitation of melanin, and the baby’s skin born in the future will be white and delicate.

These foods include tomatoes, grapes, citrus, cauliflower, winter melon, onion, garlic, apple, prickly pear, fresh dates and other vegetables and fruits, among which apple is the best.

Apple vitamins and malic acid, which can increase hemoglobin when eaten regularly, can not only make the skin red and tender and white, but also have excellent benefits for women with anemia. It is the fruit of choice for pregnant women and child care.

If the parents’ skin is rough, pregnant women should often take food supplemented with vitamin A, because vitamins can protect skin epithelial cells and make children’s skin delicate and shiny in the future.

Such foods are animal livers, egg yolk milk, coriander seeds, tomatoes and green vegetables, fruits, dried fruits and vegetable oils.

5, encourage food If parents are not tall, they should eat some vitamin D foods.

Vitamin D can promote bone development and increase human body height. This effect is most obvious for fetuses and babies.

Such foods include shrimp skins, egg yolks, animal livers and vegetables.

In addition, there are many foods that pregnant women cannot ignore.

Such as honey, pregnant women often consume honey, not only can supplement various nutrients, but also moisturize laxative, enhance the body’s digestive and absorption functions, and make pregnant women feel comfortable.

But there are some foods that pregnant women cannot eat too much, such as spicy peppercorns, cloves, peppers, etc.

[How long can Kaifeng wine be kept]_After opening_Storage time

[How long can Kaifeng wine be kept]_After opening_Storage time

Drinking red wine is a habit of many people, and studies have shown that red sprinkles have a softening effect on blood vessels, so it is good to drink a small glass every time.

As everyone knows the storage of red wine, it is generally put in cold storage, which has certain requirements on temperature, so how long can Kaifeng red wine be kept?

If you ca n’t finish drinking after you have drunk red wine, it is best to put it in the refrigerator. Generally, it will be kept for about two to three weeks, and it should not be left for too long.

Red wine can usually be stored in the refrigerator for 2-3 weeks after it has been opened.

White wine can be stored in the refrigerator for one week after it has been opened.

Corked wine should be stoppered, put the bottle in the refrigerator, and place it horizontally.

The air in the bottle is emptied first, and then the stopper is plugged, so that it can be stored for about a week.

But it is more economical to change the leftover wine into a small bottle so that no air can be stored in the bottle, and it can be stored for another 24 hours.

However, open wines should be drunk as soon as possible because the longer they are kept, the faster their flavor will be lost.

In addition to the storage place, pay attention to the manner of placing the bottles.

The wine must be placed horizontally. It is best to tilt the mouth slightly downward.Tightly plugged.

Red wine storage knowledge1. Shelf life red wine is not the old-fashioned, the better.

The year on red wine is made from the grapes of that year.

Most (99%) wines do not have the ability to age. The best adjacent period varies with different wines, usually between 2-10 years.

Only a few very good wines have the ability to age.

Some of France’s top Italian wines are aged for decades or even hundreds of years.

The large wines of Bordeaux’s top wineries can be preserved for more than a century and still be easily used.

Wine is suitable for aging and requires tannin (tannic acid), and Cabernet Sauvignon (grape variety) is the most suitable for aging due to its geographical factors and its characteristics.

2. Optimum temperature The best temperature for storing wine is usually 10 ° C. Generally speaking, there will be no damage from 7 to 18 ° C.

Try to avoid temperature changes in the cellar: temperature fluctuations will have a certain impact on the quality of the wine.

Try to avoid long-term storage of wine above 20 ° C, and it must not be lower than 0 ° C, so the wine will precipitate stones, so reduce the acidity of wine.

It is best to keep the temperature of the wine constant and avoid short-term temperature changes.

Generally, the higher the temperature, the faster the wine will mature; when the temperature is lower, the wine will grow slower.

Temperature is the most important factor in wine storage, because the taste and aroma of the wine must be volatile at the right temperature.

More precisely, it is the most comfortable feeling during the process of alcohol volatilization.

If the temperature of the wine is too high, bitterness, excessive acidity and other flavors will come out; if the temperature of the wine is too low, the proper aroma and flavor cannot be effectively evaporated.

Each wine needs to be placed before it is entitled.

The exact time determines the choice between fresh and mellow.

It’s not that wines that have been aged for a long time can be safely linked, because the placement of wines is also limited.

Of course, the change in ripening speed is also different from the grape varieties used in winemaking and the brewing methods.

Generally speaking, the optimal storage temperature required for different wines is as follows: semi-sweet, sweet red wines 14-16 ° C; dry red wines 16-22 ° C semi-dry red wines 16-18 ° C; dry white wines 8-10℃ semi-dry white wine 8-12 ℃; semi-sweet, sweet white wine 10-12 ℃ brandy below 15 ℃; champagne (sparkling wine) 5-9 ℃ 3, storage requires proper temperature, theoretical temperature is about 12 ℃,7-18 ° C is fine.

Avoid light, as ultraviolet light is sufficient for wine to mature early.

Avoid vibration, place it horizontally, keep the cork moist, prevent air from entering, and avoid excessive overlap to prevent bacterial growth.

Enhua Pharmaceutical (002262) 2019 Third Quarterly Report Review: Performance Meets Expectations Industrial Segment Maintains Rapid Growth

Enhua Pharmaceutical (002262) 2019 Third Quarterly Report Review: Performance Meets Expectations Industrial Segment Maintains Rapid Growth

Core point of view The company’s performance is in line with market expectations. The overall growth of the industrial sector is relatively fast. The impact of right-hand procurement has improved. Pharmaceutical research and development has been steadily progressing. The allocation of booth costs has dragged down performance in the short term, and operating cash flow has achieved high growth.

   The company’s performance is in line with market 南京桑拿网 expectations.

The company’s 2019Q1-3 realized revenue, net profit, and deducted non-net profit31.

98 billion, 5.

2.1 billion, 5.

21 trillion, ten years +10.

68%, +23.

34%, +24.

73%, including 2019Q3 single quarter revenue, net profit, deducting non-net profit twice +7.

52%, +24.

11%, +27.

21%, performance in line with market expectations.

   The overall growth of the industrial sector is relatively fast, and the impact of right-handed procurement has improved.

The growth rate of the company’s single quarter growth rate has decreased. We believe that it is mainly due to the impact of the commercial sector (about 4%) and the high base last year. The industrial sector is expected to achieve a growth rate of more than 20%.

In terms of anesthesia products, you are expected to reorganize about 15% of dextromethacin, 武汉夜网论坛 but the company has strengthened the promotion of Liyuexi and Forli. It is expected that both varieties will achieve about 20% growth in the first three quarters. RuifenTaini and propofol are expected to achieve 60% and 20% growth respectively; spiritual products are expected to achieve an overall growth of about 25%, of which aripiprazole and duloxetine will achieve rapid growth of 90% and 45% -50%In terms of nerve products, Gabapentin is expected to achieve an increase of about 30% -32%.

   The drug research and development work has been progressing steadily.

The company’s R & D expenses for 2019Q1-31.

27 ppm, +8 a year.

64%. For new products, penehyclidine has completed production site verification. Sufentanil and oxycodone supplementary data have been submitted. Dezocine is expected to be submitted by the end of November and is expected to be approved in the first half of next year.Go public.

In terms of consistency evaluation, dexmedetomidine, gabapentin, risperidone dispersible tablets, and chlorine-nitrogen-equivalent varieties have been declared. By the end of 2020, 19 core varieties have been evaluated for consistency.

In terms of research and development of innovative drugs, D20140305-1, pregabalin sustained-release capsules, and DP-VPA are in the clinical stage. Licensed product TRV-130 is expected to be produced directly in the United States after small-scale clinical supplementation in the country.

At the same time, the company will increase international cooperation in the research and development of innovative drugs, which is expected to successively date overseas innovative drug products.

   Equity amortization expenses dragged down performance in the short term, and operating cash flow achieved high growth.

2019Q1-3 company’s gross profit margin short-term +6.

23 PCT, which is expected to be mainly due to the increase in industrial proportion.

Company Finance, Management, Sales Expense Rate Growth Rate +0.

19, +0.

58, +4.

05PCTs, in which management, the increase in sales expense ratio was mainly affected by equity amortization expenses (estimated 28 million).

2019Q1-3 Net operating cash flow of the company5.

64 trillion, +133 a year.

91%, mainly due to better control of receivables in the commercial sector.

   Risk factors: the risk of drug price reduction or out-of-standard due to volume procurement; the progress of research and development is lower than expected.

   Investment suggestion: The company’s core varieties will grow rapidly, and the products under development will be listed to contribute to the performance, and maintain the EPS forecast for 2019-2021 to 0.

64/0.

78/0.

95 yuan, with reference to comparable companies estimated to give the company 25XPE in 2019, corresponding to a target price of 16.

00 yuan, maintain “Buy” rating.

New Hope (000876): The profitability of the poultry chain continues to soar to the good pig breeding business soon

New Hope (000876): The profitability of the poultry chain continues to soar to the good pig breeding business soon

Investment Highlights: New Hope Releases 2019 Third Quarter Report: The company achieved operating income of 216 in the third quarter of 2019.

23 trillion, the same increase +12.

79%; net profit attributable to mother 15.

100 thousand yuan, the same increase +149.

67%; reduce investment income of Minsheng Bank, net profit of farming and animal husbandry business10.

7.4 billion.

From January to September, the company achieved operating income of 569.

1.7 billion, net profit attributable to mother 30.

7.2 billion, an increase of 12 each year.

01% / 111.

73%; reduce investment income of Minsheng Bank, net profit of agriculture and animal husbandry business16.

4.5 billion.

In terms of profitability, the company’s comprehensive gross profit margin for the first three quarters was 10.

45%, up 2 every year.

1 average; comprehensive net margin is 6.

81%, up 2 every year.

4 per share; expected ROE is 13.

49%, an increase of 6 per year.

8 units.

In terms of expenses, the company’s sales expense ratio, management expense ratio and financial expense ratio in the first three quarters of the company respectively changed -0.

11% / + 0.

35% / + 0.

02%.

Hog breeding business: The third quarter turned a substantial loss, and next year is expected to contribute to the core profit increase.

In the third quarter, the company’s slaughter volume was 1.03 million heads. We estimate that the self-supplied piglets and outsourced piglets will be 400,000 and 630,000, respectively, and the full costs will be 13 respectively.

3 yuan / kg, 17.

6 yuan / kg; contributed about 3 net profit.

600 million.

Looking ahead, we expect that the company’s original goal of 3.5 million heads will be achieved. The self-supplied piglets and outsourced piglets are expected to be 1.5 / 2 million piglets respectively. In 2019, it will contribute nearly 2 billion yuan in net profit.

As of the first half of this year, the company has completed the production capacity layout of about 40 million pigs.

As of the end of the third quarter of 2019, the company’s productive biological assets were approximately 9.

9 trillion, an increase of about 67% over the end of the first half of the year. We judge that it is mainly due to the increase in the breeding pig inventory, indicating that the company has achieved remarkable results in non-epidemic prevention, and the production is still in a steady release period.

We estimate that the company’s stock of pigs will be close to 400,000 at the end of 2019, and the number of sows can be about 300,000, providing an alternative basis for the high growth in the next two years.

Looking back, the new round of pig cycle with steady release of production capacity has reached a high point of prosperity. Next year, the company’s pig breeding business is expected to usher in volume and profit, and will become the core source of the company’s profit.

We estimate that the number of pigs produced by the company will reach 8 million in 2020, of which the increase in the number of breeding pigs will lead to the realization of 5.5 million heads of piglets, which will contribute a net profit of more than 7 billion yuan.

Feed business: Maintain the situation of “strong birds and weak pigs”, and overall sales remain stable.

The H1 company’s feed sales volume increased by 876 in 2019, an 武汉夜网论坛 increase of nearly 14% year-on-year. We expect the company’s feed supply to maintain a steady growth rate in the third quarter, and the basic situation of “strong poultry and weak pigs” will still be maintained in terms of categories.

In terms of poultry feed, benefiting from the continued improvement of the poultry chain market, we expect the company’s poultry feed sales to continue to grow at a high level of about 15% in the third quarter; in terms of pig feed, the output of pig breeding will increase in the context of the spread of non-epidemic diseasesThe company’s export of pig feed is facing a severe and severe external environment. However, as the internal pig farms can provide stable demand support, we expect the company’s pig feed sales growth rate to approach -10% in the third quarter, which is significantly better than the industry average.In terms of aquatic materials, we expect the company’s sales volume of aquatic materials to increase by about 10% per year in the third quarter.

At the beginning of 2019, the company’s 16 new aquatic material production lines were put into production one after another. The third quarter was the peak season for aquaculture. The increase in the company’s aquatic material sales ratio drove the improvement and optimization of the feed product structure.
Looking ahead, we expect the company’s feed sales growth rate to be about 12% in 2019 and achieve a net profit of about 1 billion yuan.

Poultry chain business: The market for poultry chains is booming under alternative demand, and profits continue to improve.

In the first half of the year, the company’s poultry chain business achieved both volume and profit. We expect to continue this good trend in the third quarter.

In terms of sales volume, we estimate that the company’s seedlings will continue to grow at a double-digit rate in the third quarter. In terms of profitability, it will mainly benefit from alternative demand for pork. The market for poultry will continue to improve, driving the company’s poultry chain.The profitability of business single feather increased.

We judge that the high probability of the high prosperity of the bird chain will continue to increase, and it is expected to contribute about 1.1 billion US dollars in net profit in 2019.

Profit forecast and investment recommendations: The company’s net profit attributable to its parent in 2019-21 is expected to be 55.

1/111.

3/95.

90,000 yuan, the net profit attributable to the mother of the agricultural and animal husbandry business was 38.

5/93.

8/77.

200000000.

We expect the company’s live pig sector to expect both volume and price to rise at a high-growth stage.
38 times PE conversion, the compound growth rate of agriculture and animal husbandry business in 2019-2021 is 41.

6%, corresponding to 0 in 2019.

84?
0.

91 (Comparable companies have an average PEG of 0.

84), corresponding to the market value of agricultural and animal husbandry business 1348?
At 1,463 trillion, Minsheng Bank’s investment income is estimated based on the current stock market value (8.4 billion), with a target total market value of 1432?
1547 trillion, corresponding to a reasonable value range of 33.

97?
36.

69 yuan, given a “preliminary market” rating.

risk warning.

Meat prices have fallen sharply; feed sales have fallen short of expectations; Minsheng Bank’s earnings have fluctuated.

Beijing New Building Materials (000786): Market share further increases, endogenous extension continues to advance

Beijing New Building Materials (000786): Market share further increases, endogenous extension continues to advance

Both the volume and price of gypsum board rose, and the market share further increased: gypsum board revenue 109.

33 ppm, an increase of 10 in ten years.

At 62%, the gypsum board business still maintained a rise in 北京夜网 volume and price, with gypsum board sales of 18.

.

6.9 billion flat, 10 years growth 2.

6%, market share continues to increase; average price of gypsum board is 5.

85 yuan / flat, an increase of 7 in ten years.

8%, the average price increase brought by the company’s price increase effect in Q4 of 2017 is still continuing, but judging from the changes in each quarter of 2018, it shows a quarter-on-quarter trend, and the overall demand in the gypsum board industry is poor and protectionWith the price of raw materials such as facial tissue falling, the company’s sales volume continued to increase through price and product structure adjustments, further increasing its market share.

By quarter, the company’s Q1-Q4 revenue growth rate was 40.

4%, 25.

5%, -0.

6% and -0.

15%, the revenue in the second half of the year has improved and dropped, mainly due to the decline in the average price of gypsum board products.

The gross profit margin decreased, and the expense ratio remained stable during the period: the company’s realized gross profit margin in 2018 decreased by 1 compared with the previous year.

The gross profit margin of gypsum board dropped by 91 units.

75 averages, despite an increase in average product prices (7.

8%), but the increase in the price of raw materials (single flat operating costs increased) 10.

9%) is higher than the price increase of products is the initial decline in gross profit margin.

In terms of quarters, the gross profit margin in the second half of the quarter decreased from the previous quarter, and the gross profit margin in Q4 fell by 12 from the same period last year.

76 units.

In terms of period expenses, the overall period expense rate is 10.

91%, basically the same as the same period of last year; the management expense ratio has increased, mainly affected by the increase in R & D expansion, and the gradual R & D expansion has increased by 44%.

Operating cash flow continued to improve, and litigation expenses increased significantly compared to the same period last year: balance sheet and operating capacity continued to improve, inventory and accounts receivable turnover ratios were higher than the proceeds raised in the same period last year, and the asset-liability ratio further decreased to19.
4%; net operating cash flow of 27.

8.3 billion, continued to improve over the previous year.

In addition, the increase in the cost of gypsum board litigation matters in the United States has an impact on net profit.

Initial non-operating expenses 2.

67 ppm, an increase of 104 over the same period last year.

52%, mainly due to expenses incurred in litigation matters in the United States (lawyer fees, settlement fees, travel expenses totaling 2).

5.5 billion) compared with the same period last year.

Investment suggestion: In the medium and long term, the industry demand still has room for growth. The trend of the increase in the penetration rate of gypsum board in the residential and partition wall areas is determined. The company depends on the industry leader to further increase the endogenous endogenous expansion and the pace of expansion is stable.Production capacity may become a new bright spot in the next few years. At the same time, due to the trend of consumption upgrade, the company’s proportion of high-end products promotes continuous improvement and brings overall profitability.

The company is currently expected to be at the historical bottom level and is optimistic about the value of medium and long-term investments.

We estimate that the company’s net profit attributable to its parent in 2019-2021 will be 26.

7, 32.

4, 38.

700 million, EPS is 1.

58,1.

92, 2.
29 yuan, the corresponding PE is 12.
8, 10.

5, 8.

8x; Maintain “Buy” rating.

Risk reminder: risks arising from the evolution of the macro economy and the real estate industry, risks of rising raw material and fuel prices, litigation risks, and risks of less-than-expected overseas business development

Four tips for first-class care to create a sexy neck

Four tips for first-class care to create a sexy neck

A sexy neck is the proud capital of a woman. Because it is smooth, we can claim that we are young; because it is silky, we can reveal to others that we cherish ourselves.

However, the proprietary sexy, the details that are easily overlooked are dryness and wrinkles. As long as there are these two enemies, the sexy will escape.

  At least in humans is a “triangle of events”, but the skin is very thin and fragile. The amount of sebaceous adenosine and sweat glands in the front skin has only a small amount of replacement.Wrinkles easily.

There are usually two types of obvious wrinkles: one is an early wrinkle that starts to appear at a few years of age, and this wrinkle is usually not obvious.

Another type of wrinkle is affected by UV rays and deepens with age. This type of wrinkle can be very noticeable.

Numerous head-up and head-down actions, coupled with the weight of the supporting head, cause the skin to easily accelerate aging and overlap, resulting in wrinkles.

Moreover, once wrinkles occur, it is difficult to restore elasticity and eliminate them.

  From this, we can achieve the sexy neck by some cosmetic means.

You can do these at home.

Let’s talk about it in detail: Initially, it is cleaning.

  The specific method is the mashed potato cleaning method. Add a spoonful of vegetable oil and egg whites to the mashed potato and stir well. Absorb it while hot to make it white and tender.

The second is the rice ball cleaning method: knead the freshly steamed rice into a ball, and rub it back and forth at the shrinking wrinkles until it turns black. This method has a good cleaning and wrinkle removal effect.

  The second step is massage.

  This step of the massage is divided into two, one is to apply neck cream or essence with appropriate massage techniques to make it easier to absorb the nutrition of the product, it does not take too long, about 2?
3 minutes is enough; 2 is 1 every week?
The two key massages are performed with massage cream or essential oil. Such a massage shortens the time by about 10 minutes.

  Neck cream should be used sooner or later because the complication skin is more sensitive and blood circulation is poor. Special maintenance creams must be used to improve it.

Neck cream can moisturize skin and prevent shrinkage and wrinkles. Especially, it is better to use a night cream or serum for anti-wrinkle and firming at night. It is best to become a habit.

  How to apply neck cream?

Take an appropriate amount of neck cream on your hand, rub it on your palm until it is warm, then slightly lift your chin, use your palms to alternate from the bottom to the center, and push gently with the middle part of your finger, about 10 times.

After doing the massage in the middle of the coaxial, use the fingers of both hands to gently massage from the bottom up to the back, and repeat it 10 times.

During the massage, you can also add a few drops of lavender and rose-modulated essential oils to stimulate and activate the cells.

  The third step is to apply a film.

  A three-day rehabilitation mask is a must for supplementing sexy care.

Neck masks specifically designed for calibration are rare. If not available, they can be replaced with a mask or a mask cloth. They can also replace the current surface on the market and replace the one-piece mask.

However, it should be noted that the skin is relatively soft, and you should not use the tear-type neck mask, otherwise it will pull the skin looser.

In addition, you can also prepare the mask yourself: egg whites are mixed with starch, honey is mixed into a paste, and evenly spread in it. After 30 minutes, it is washed away to tighten the skin.

  The fourth step is to do sexy neck exercises.

  When exercise is added to the skin care program, the effect of care will be better. At the same time, aerobics can not only exercise the posture lines, but also improve the displacement of neck, shoulder, back and other muscles, which can prevent the increase of muscle relaxation and avoidThe appearance of wrinkles and “double chin” can effectively accelerate the blood circulation in the brain and keep the human brain awake and flexible.

Sexy beauty kills two birds with one stone.

Specific exercises: First, the jaw-neck confrontation: hold both hands into a fist shape, with both elbows sideways.

The two punches overlap, pushing against the lower jaw, pressing the head down hard, and the two punches trying to resist upwards.

Hold for a few seconds, restore, and then repeat; Second, turn the head and neck: maintain complications or sit upright.

Turn the head and neck to the left, and touch the left shoulder as much as possible, and then return; turn to the right and repeat the same action, and repeat ten times.