世乒赛:丁宁连遇强敌面临挑战 马龙或对战拥主场之利名将_1

世乒赛:丁宁连遇强敌面临挑战马龙或对战拥主场之利名将­中新社杜塞尔多夫5月29日电(记者王曦)2017年世界乒乓球锦标赛抽签仪式28日在德国杜塞尔多夫举行,中国乒乓球女队队长丁宁签运不佳,她所在上半区云集了石川佳纯、冯天薇、平野美宇等名将,想要晋级面临挑战。­根据签表,丁宁前四轮的对手实力平平,晋级四分之一决赛,她极有

世乒赛:丁宁连遇强敌面临挑战 马龙或对战拥主场之利名将
­  中新社杜塞尔多夫5月29日电 (记者 王曦)2017年世界乒乓球锦标赛抽签仪式28日在德国杜塞尔多夫举行,中国乒乓球女队队长丁宁签运不佳,她所在上半区云集了石川佳纯、冯天薇、平野美宇等名将,想要晋级面临挑战。­  根据签表,丁宁前四轮的对手实力平平,晋级四分之一决赛,她极有可能遭遇日本名将石川佳纯,不过丁宁在两人以往交手中保持全胜。如能晋级半决赛,丁宁将遭遇日本“天才少女”平野美宇或新加坡老将冯天薇。刚刚在亚锦赛上相继击败丁宁、朱雨玲、陈梦三大主力的平野,如今已成为中国乒乓球队本次世乒赛的最大对手,这场比赛也将成为丁宁的“复仇战”。­  此外,由于队友木子要从资格赛打起,晋级后如果没能被分进上半区,丁宁将面临一人独守上半区的局面,晋级难度可想而知。­  对于抽签结果,丁宁并不介意。谈及目前咄咄逼人的平野美宇,她坦承:“平野在亚锦赛上的表现会让我们更加重视,让我们准备得更多。”­  刘诗雯、朱雨玲和陈梦作为种子选手同在下半区,这一半区还有日本选手伊藤美诚、奥地利选手刘佳、韩国选手梁夏银、德国选手索尔嘉等对手。与刘诗雯、陈梦相比,朱雨玲的签运相对“凶险”一些,有可能在第三轮遭遇韩国老将金璟娥,如能过关,可能会在第四轮迎战日本小将伊藤美诚,后者目前也是日本队一大主力,拥有不俗实力。一旦朱雨玲失手,阻挡伊藤美诚的重担将交给陈梦。­  男单抽签中,中国选手马龙、樊振东、许昕和张继科占据前四号种子:马龙和许昕镇守上半区,张继科和樊振东镇守下半区,小将林高远也被分在上半区。­  上半区包括日本名将水谷隼和松平健太、德国选手波尔、来自中国台湾的老将庄智渊、韩国选手郑荣植等人。马龙有望在第四轮对阵庄智渊,四分之一决赛极有可能遇到德国名将波尔,后者拥有的主场之利将对马龙造成极大威胁;许昕有可能在第四轮碰到队友林高远,随后他将遭遇水谷隼或郑荣植,在里约奥运会男团决赛中,水谷隼爆冷击败了许昕。­  马龙表示,对于比赛中碰到的任何一个对手,他都会全力以赴。他还表示,日本队近年来进步很大,对中国队造成了很大冲击,但他强调:“中国队在世界大赛是会爆发非常大的能量的,这种能量绝对不同于亚锦赛。”­  张继科、樊振东所在的下半区包括德国选手奥恰洛夫、白俄罗斯老将萨姆索诺夫、日本选手丹羽孝希等人。张继科可能会在第三轮迎战韩国选手李尚洙,对手的搏杀型打法将会为张继科制造麻烦。一旦过关,张继科有可能连续碰到白俄罗斯老将萨姆索诺夫和韩国选手丁祥恩,尤其是丁祥恩,刚在亚锦赛上击败马龙,实力可见一斑。­  樊振东将与德国名将奥恰洛夫或日本选手丹羽孝希之间的胜者过招,过程不会轻松。尤其是正值当打之年的奥恰洛夫,占据主场之利,势必为樊振东的晋级造成极大挑战。(完)

After the Broken Halberd science and technology board: fight again or change course?How to choose different sectors?

Afterthe”BrokenHalberd”scienceandtechnologyboard:fightagainorchangecourse?Howtochoosedifferentsectors?Sincet

After the “Broken Halberd” science and technology board: fight again or change course?How to choose different sectors?
Since the cancellation of the science and technology board in March last year, it has been its first anniversary. More than 200 companies have replaced the application for the listing of the science and technology board, but 25 companies have also been terminated, and the road to the first IPO of the science and technology board has ended.However, many companies choose to fight again. Up to now, six companies have restarted their IPOs, some of which turned to the GEM and some re-sprinted to the science and technology board.Six companies restarted the IPO or transferred to the GEM, or sprinted to the science and technology board to terminate on March 24. Of the 216 companies replaced by the Shanghai Stock Exchange, a total of 25 terminated the audit status.Among the companies that failed to hit the science and technology board for the first time, some did not give up the IPO, but started the second round of sprinting.Sauna and Yenet are reported to have incomplete statistics. As of now, six companies that have terminated audits have restarted their IPOs, including Papaya Mobile, Zoomlion Data, Titan Technology, Yuandong Biological, Haitian Ruisheng, and Jindal.Among them, some companies have shifted their IPO goals to ChiNext.The most representative is Papaya Mobile, the first enterprise to terminate the audit of Science and Technology Board.The Shanghai Stock Exchange replaced the Papaya Mobile Science and Technology Board’s issuance and listing application on March 29, 2019, and then terminated its issuance and listing review on July 8 of the same year, because the issuer and the sponsor withdrew the issuance and issuance application.On February 28 this year, Papaya Mobile appeared in the list of counseling companies publicized by the Beijing Securities Regulatory Bureau. Papaya Mobile’s new IPO target changed its listing place to the GEM. The counseling agency is still the tractor cooperation Zhongtian Guofu Securities.Similar to Papaya’s mobile situation, China Unicom data is also available.The audit of China United Data was terminated on October 31 last year. Only two months later, the Beijing Securities Regulatory Bureau publicized the counseling record of China United Data. China United Data is planning to be listed on the GEM. The counseling agency is Huatai United Securities.There are also some companies with different choices. After the first impact on the Science and Technology Board IPO, the companies chose to fight again, including Titan Technology, Yuandong Bio, Haitian AAC, Jindal.Among them, Titan Technology was terminated on September 26, 2019.On March 18 this year, the company issued an announcement, intending to apply for the listing of the Science and Technology Board again, the relevant name has been approved by the board of directors, and it is planned to replace it at the temporary extraordinary general meeting on April 2.The reporter noticed that, with the first declaration of indicators, Titan Technology’s second application for science and technology board listing raised funds increased by 1.200 million US dollars, a new project of process development center was added to the fund.The other three companies, Haitian Ruisheng, Yuandong Biological, and Jindalai, have already filed for listing counseling at the local securities regulatory bureaus.Among them, Haitian AAC’s first road to the science and technology innovation board can be said to be only “one step ahead”. It has completed the inquiry process in the early stage and is about to attend the meeting.The audit was terminated on July 26.On February 28 this year, the website of the Beijing Securities Regulatory Bureau announced the listing counseling of Haitian AAC. Haitian AAC plans to sprint the science and technology board again.Is the second shock IPO a higher success rate?If the attributes of Kechuang are not enough to meet the requirements, from the reasons for the termination of the audit, in addition to Titan Technology’s failure to pass the meeting expected by the listing committee, the other five companies can take the initiative to “withdraw orders.”In fact, this is also the most common reason for the termination of the audit of the science and technology board. Of the 25 companies that have terminated the audit of the existing science and technology board, only Guoke Huanyu, Titan Technology, and Bola Network have failed to go through the marketThe committee held a meeting to terminate the review, and the remaining 22 participating companies took the initiative to withdraw the listing application materials.However, some investment bankers said that even if the company voluntarily withdraws the order, it is mostly due to the pressure of the preliminary inquiry and review, or the result of communication with the regulatory department.In other words, regardless of whether the company withdraws the order or whether it will be rejected, the reason for the termination of the audit is that the company itself has some problems that do not meet the requirements of the Science and Technology Board.So for these companies, will the second sprint science and technology board IPO encounter the same problem?Wang Jiyue, a former senior sponsor representative of a securities firm, told reporters that the success of the second shock IPO depends mainly on whether the previous regulatory concerns have been resolved.If it is a flaw in information disclosure, or it can be improved in finance, corporate governance and other issues, it can be resolved before the second initial public offering.For many companies, a common reason for the termination of the democratic science and technology board is that science and technology attributes are not enough, which cannot be solved in the short term, so the second impact of the science and technology board IPO may also be difficult to change the results.For example, after Papaya Mobile announced that it intends to establish a science and technology board for listing, it has been questioned by many parties in the market, including the main business from advertising to big data, and the technology is not “hard”.Before withdrawing materials, it has experienced two rounds of inquiries. The focus of the review center of the Shanghai Stock Exchange basically covers major market queries, such as core technologies, business substance and business models, and the impact on major customers.Papaya Mobile’s secretary-general, CFO Zhao Jutao once told the sauna and Yewang that the main consideration for withdrawing the application for the listing of the science and technology board is whether the company is in line with the positioning of the science and technology board.Titan Technology has been repeatedly asked about the OEM production model, core technology advancement, etc. in the preliminary review stage. Even at the meeting, it still needs to face inquiries from the Listing Committee on these issues.In the end, the Listing Committee believes that Titan Technology can accurately replicate the business model and business substance, but also accurately reveal the core technology and its advanced nature, as well as the production and operation of the main core technology, and produce a vetoed alternative opinion.More importantly, on March 20, the Japan Securities Regulatory Commission just released the “Technology Innovation Attribute Evaluation Index (Trial)”, which proposed a specific and clear science and technology attribute evaluation index system, including research and development, quantitative indicators quantitative standards,Enterprises must meet the requirements of relevant indicators before they can be regarded as having the attributes of science and technology.For enterprises with insufficient science and technology attributes, under the new evaluation system, even if the information display method is changed to improve the display range and accuracy, it is difficult to meet the requirements.So, can switching to other IPOs increase the success rate?Wang Jiyue said that as long as the problem is solved, the success rate of the company’s second meeting will be very high. In addition, the GEM does not highlight the science and technology attributes, so the switch to the GEM IPO may increase the success rate.Another investment banker said that in fact, companies may have some judgments about whether they can not pass before the initial public offering. Since they have chosen to switch to listing, it is generally because companies and intermediaries have considered that the sector has the highest cost performance and comprehensive conditions.The method, coupled with the second IPO, basically solved the Air Force problems, so in theory, the pass rate will increase after changing the plate.In fact, many companies’ original listing targets were other sectors. The preliminary preparations were carried out according to other sectors. However, the science and technology board was born and had certain reform dividends, so many companies were redirected to the science and technology board for listing.For example, Papaya Mobile’s initial listing target was GEM.In October 2017, it signed a GEM listing counseling agreement with Zhongtian Guofu Securities. The counseling lasted for one and a half years. By February 2019, it published the seven counseling work reports, and basically already had the conditions for issuance and listing.In March 2019, when the basic rules and systems of the Science and Technology Board were just reorganized, and the Shanghai Stock Exchange no longer began to re-apply for enterprise declarations, Zhongtian Guofu Securities proposed to the Beijing Securities Regulatory Bureau that Papaya Mobile ‘s initial public offering of shares was changed from GEM to Science and Technology Board.Go public.Therefore, the transfer of the Science and Technology Board to the GEM after the termination of the audit is a return to the original path for Papaya Mobile, which is more “familiar.”How to choose different sectors?Enterprises should consider their matching with various markets into the reform of the Growth Enterprise Market, the reform of the New Third Board is accelerating, and enterprises have more extensive optional listing targets.The next step in the reform of the registration system will be to deliver the GEM, and the New Third Board has established a direct transfer system, which is also a great shortcut for companies to go public.Does this mean that the appeal of the science and technology board will be weakened?In fact, in terms of the basic system, the Science and Technology Board still has certain advantages.From the perspective of listing conditions, although the scientific and technological board has relatively higher numerical requirements for relevant indicators than the GEM and the new third board selection layer, it is flexible, with different indicators such as market value and net profit, revenue, cash flow, R & D investment and other indicators.The combination is not good at making profits, and it is more targeted at growing science and technology startups.From the point of view of the listing review process, the Science and Technology Board’s review is more efficient and takes time to replace. At present, it is basically within 10 months from replacement to listing, which is equivalent to the fact that companies under the traditional approval system are frequently queued for two or three years. The situation is greatly shortened.At present, the relevant policies for the reform of the GEM registration system have not yet been released, and the reformed listing standards have not yet been clarified.On March 1, this year, the new “Securities Law” was officially implemented. The Shenzhen Stock Exchange will promote the implementation of the registration system reform as the top priority, give full play to the successful experience of the Science and Technology Board, and promote the overall plan for the public issuance of the registration system on the GEM pilot stocks.Improve the issuance and listing, information disclosure and other systems to expand the inclusiveness and coverage of the sector.Lin Wan, an analyst at Shen Wanhongyuan, said that the GEM registration system has a continuous and wide-ranging positioning, and the listing standards may be hierarchical.According to the Shenzhen Stock Exchange’s statement of “expanding the inclusiveness and coverage of the sector”, considering that the establishment of GEM is to support small and medium-sized innovative growth companies, it is initially expected that the GEM registration system may pay more attention to the growth attributes of companies in listing positioning, rather thanDevelop industry attributes.The listing door information may also be differentiated and hierarchical with the science and technology board.Another option for “hot hand” is the new three board selection layer. The promotion of the selection layer has significantly accelerated this year. The policy for the transfer of the board has been released, and there are already companies planning to list on the selection layer.The selection layer entry standard is lower than that of the Science and Technology Board, and it is more suitable for SMEs that are currently listed on the New Third Board.In terms of institutional rules, companies can first issue a public offering, transfer to the board for direct listing after one year of listing on the select layer, and the restricted sales period of the shares after the transfer can be replaced by the restricted sale time at the selected layer, which is also aThe big advantage.Among the above-mentioned companies that restarted the IPO, Jindal was the first new third-board company to declare its entry into the science and technology board. After its audit was terminated on November 20, 2019, there was considerable external speculation that Jindal may returnThe New Third Board is competing for the selection layer.But in the end, Jindal chose to fight the science and technology board again.Zhang Keliang, general manager of Intime Securities’ stock reform system business department, told reporters that for the choice of GEM, Science and Technology Board and New Third Board selection layer, companies should fully consider the matching of their own growth stage, scale, industry attributes and various markets,At the same time, considering the success rate of the issuance and listing, operability, time and administrative costs, as well as its own internal advantages and disadvantages, it is a rational choice.For the mature period, the expansion of the volume of income and profit volume, the sustainable operation capacity and the future with high certainty of the enterprise can directly report to the Science and Technology Board or the GEM IPO, and for the current NEEQ companies, direct public offeringThe cost of entering the select layer.The transfer mechanism of the NEEQ is currently in the pilot stage. Qualified companies listed on the NEEQ can apply for transfer to the Science and Technology Board of the Shanghai Stock Exchange or the Growth Enterprise Market of the Shenzhen Stock Exchange.The transfer board listing is reviewed by the exchange and does not require approval or registration by the CSRC.This will also force the reform of the GEM registration system to accelerate.The Shenzhen Stock Exchange has stated that it strives to achieve a seamless connection between the rule system and the new “Securities Law” by the end of 2020, which also means that the supporting institutional arrangements for the pilot registration system of the GEM may be launched before the end of this year.Sauna, Ye Wang Gu Zhijuan Editor Li Weijia Proofreading Liu Jun

[A certain food contains high calcium and is easy to absorb]_How to eat_How to eat

[A certain food contains high calcium and is easy to absorb]_How to eat_How to eat

The reason why people grow up slowly is because the bones are constantly developing, and the growth of bones requires calcium. If the body lacks calcium, bones will stop growing, and calcium deficiency will also make people’s bones worse.Therefore, both people who are in the development stage and middle-aged and elderly people need to supplement calcium to protect bones.

Here are some foods that are high in calcium and easy to absorb?

First, I do n’t know sesame sauce. Many people think that the most abundant calcium is milk. In fact, the most abundant calcium in daily food is sesame sauce. The calcium content per 100 grams of sesame sauce is 1057 mg.

Sesame sauce protein protein, amino acids and multiple vitamins and minerals have high health value; sesame sauce has higher calcium content than vegetables and beans, and it is often consumed for bone and tooth development (do not eat with spinach, etc.)Vegetables are eaten together, otherwise metathesis reaction with oxalic acid or soluble oxalate in vegetables will generate calcium oxalate precipitation and affect calcium absorption).

Sesame sauce contains iron several times higher than pork liver and egg yolk. Regular consumption of supplements has a positive effect on adjusting anorexia and can correct and prevent iron deficiency anemia. In addition, sesame sauce is rich in lecithin, which can prevent premature hairWhitening or cancellation; sesame contains a large amount of oil, which has a good laxative effect; regular eating sesame sauce can increase skin elasticity and make the skin soft and healthy.

It is best to eat 10 to 20 grams per day.

Second, the shrimp skin is rich in calcium. The calcium content in 100 grams of shrimp skin is 991 mg, second only to sesame sauce.

Shrimp is rich in nutrients, containing several times to dozens of times the protein of fish, eggs, and milk; it is also rich in potassium, iodine, magnesium, phosphorus and other minerals and vitamin A, aminophylline and other ingredients, and its meat is soft and easy to eat.Digestion is an excellent food for those who are weak and need to be recuperated after illness.

In addition, shrimp is rich in magnesium. Magnesium has an important regulating effect on heart activity and can well protect the cardiovascular system. It can reduce the cholesterol content in the blood and prevent arteriosclerosis. At the same time, it can expand the coronary arteries, which is good for prevention.Hypertension and myocardial infarction; elderly people often eat shrimp skin to prevent osteoporosis caused by calcium deficiency; putting shrimp skin in the meals of elderly people is good for improving appetite and physical fitness.

[Can coconut milk replace coconut milk? Can coconut milk be replaced with coconut milk]

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[Cranberry Plum Cookies]_Cranberry Plum Cookies’s home-made practices_Cranberry Plum Cookies

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The chains are so cowardly, the chains are so weak, and they are very weak. They are very powerful, and they are very difficult to use.姵绱簡涓€澶╁啀鍘诲噯澶囨櫄椁愭槸寰堥夯鐑︾殑锛屼笉杩囷紝钄撹秺姊呮洸濂囩殑鍋氭硶骞朵笉闅撅紝鍙绠€鍗曠殑鍑犱釜姝ラ锛屽氨鍙互鍋氬嚭钀ュ吇缇庡懗鐨勫甯歌彍锛屽€煎緱涓€璇曘€?銆佸噯澶囧ソ鎵€鏈夋潗鏂欍€傜敤鍘ㄦ埧绉ょ簿纭ソ鍏嬫暟锛屾垜杩欎釜鏄ぇ姒傚彲浠ュ仛30鍧楀乏鍙崇殑Rotate  銆?銆侀粍娌瑰彲浠ヨ嚜鐒惰蒋鍖栵紝浣嗘槸璧舵椂闂存垜灏卞厛鍒扮儰绠遍噷鍙簡涓€鍒嗛挓銆?銆佺劧鍚庡噯澶囦竴涓棤姘存棤娌圭殑澶х泦锛屾妸杞寲鐨勯粍娌规斁杩涘幓鐢ㄥ埉鍒€鎹g銆?銆 人 咧 庖 庡 庞 姫 堫 堫 囩 哫 鍫 Rough 捤 戤 鍒  垁 缁 хpaintings  鎼 呮 妈 銆?銆佸湪鐩嗛噷鍔犲叆15ml鍏ㄨ泲娑层€傜户缁悈鎷屻€?銆佸姞鍏ヨ敁瓒婃骞层€傚啀鎼呮媽锛屼竴瀹氳鎼呮媽鍧囧寑銆?銆 佹 授 鱷 垚 撩 欎 镙 峰 瓙 銆?銆佹渶鍚庡姞鍏ヨ繃绛涢潰绮夈€?This is not the only way to win the awards and awards awards. The awards are not easy. You are not sure what to do.儴闈㈠洟鎻夋垚涓€涓鑹插氨鍙互浜嗐€?0 銆 佺 啤 妯 “叿 瀹 瀷 逷 鍼 爙 鈙 鐢 鐢 ? 落 鐩 吩 倩倩 瀩 瀹 瀷 犆 銆?1銆佺劧鍚庡埌鍐扮鍐峰喕涓€灏忔椂鍚庡垏鎴愬ぇ灏忓潎鍖€鐨勮杽鐗囦絾鏄笉鑳藉お钖勶紝鏈€濂芥槸鍘氬害涓€鑷达紝涓嶇劧鐑ゅ埗杩囩▼涓笂鑹蹭笉鍧囧寑銆傛垜杩欎釜閰嶆柟鍋氬嚭鏉ュぇ姒?0鐗囧乏鍙炽€傚垏鐗囩殑鏃跺€欏彲浠ュ悓鏃舵妸鐑ょ棰勭儹涓€涓嬶紝鎴戠殑鐑ょ娓╁害鍋忛珮锛屾墍浠ユ垜璋冭妭娓╁害鏄?40?闒 嗛 挓 銆 讓 菓 渶 渶 渂 駸 駙 訙 訕 啁 Tweezers  繁 鐑 ょ  娓 ╁ 害 鏉 ヨ 皟 鑺 傴 庴 僵 僨 僲 僲 僲 僲 僲 僲 僨 僵 僵What are you doing here? How about 170? How about 170? What if you want to borrow it?  劑 擆?2銆侀殢鏃惰瀵熺伀鍊欙紝濡傛灉棰滆壊閲戦粍鑹诧紝娴撻儊鐨勫ザ棣欏懗锛屽苟涓旂硸鑳氬凡缁忚啫鑳€璧锋潵浜嗭紝灏卞彲浠ュ叧鐏簡锛岀劧鍚庡啀鍒扮儰绠辩剸涓?闒 嗛 挓 璁 ╁ 畠 雧 囧 寢 婅 婊 劆 傛 垜 鐑 ょ  娓 ╁ Haw Haw Radial 纴 璋 璋 冭 妭 勄 姬 駸 璏 璏 炏 炏 炴 炴 傴 炴40 搴 ︼15 搴 ︴ 纴 頴 槸 教 訙 流 Tweezers  繁 鐑 ょ  镄 勬 掴 湴 ﹀ 疄 南 岋 纴 quid  竴 嫴 将 ? 熼 熸 熸 熸 熸 熸瀹 瀙 獙 華 楀 嚭 璁 撹  銆?楗煎共绯栬儦涔嬮棿闅斿紑杩滀竴鐐癸紝涓嶈涓€娆℃€ф斁澶锛岃啫鑳€鍚庝細绮樺湪涓€璧峰奖鍝嶇編Nau?13銆佺儰濂界殑楗煎共棰滆壊鍧囧寑锛岄鑴嗗彲鍙o紝棰滃€艰秴楂橈紝寰堣浜哄涓嶅锛?14銆佸彲浠ユ墦杩欐牱鍙埍鐨勫寘瑁呴€佹湅鍙嬶紝浜蹭汉銆?5 銆 佷 篃 鍙  戩 欩 欩 牱 卖 呰  鍌 ㄥ 瓨 鎱 ㈡Shenzhen?钄撹秺姊呮洸濂囨槸鑰佸皯鐨嗗疁鐨勯鐗╋紝鑰屼笖钀ュ吇鍏呰冻锛岃兘澶熻ˉ鍏呬汉浣撴墍闇€鐨勫绉嶇墿璐紝杩樺彲浠ョ紦瑙d汉浣撳悇绉嶇柧鐥呯棁鐘讹紝鐢熸椿濡傛缇庡ソ锛岀編椋熷綋鐒朵笉鑳藉皯浜嗐€?

Xinbao Shares (002705): Benefit from significant increase in cost and exchange rate net profit

Xinbao Shares (002705): Benefit from significant increase in cost and exchange rate net profit

We are optimistic about the development of domestic branding and maintain the “Buy” rating. On April 26, 2019, the company disclosed its 2018 annual report and 2019Q1 quarterly report. The company’s overall performance was in line with expectations. The total operating income for 2018 was 84.

44 trillion, +2 for ten years.

70%, net profit attributable to mother 5.

30,000 yuan, +23 a year.

21%, net profit after deduction is +49.

96%.

2019Q1 total revenue 18.

80 ppm, +3 for ten years.

41%, net profit attributable to mother 0.

89 trillion, ten years +106.

49%, plus 100 for the next ten years.

85%.

The company intends to distribute cash dividends to all shareholders for every 10 shares3.

5 yuan.

We expect the company’s EPS to be zero in 2019-2021.

81, 1.

10, 1.

27 yuan, maintaining the company’s “Buy” rating.

The domestic market is more prosperous, optimistic about new brands to continue to increase the total operating income of the company in 2018 is 84.

44 trillion, +2 for ten years.

70%.

2019Q1 total revenue 18.

80ppm, +3 per year.

41%.

Among them, overseas demand is still weak, with overseas revenue 72 in 2018.

4.5 billion, +1 a year.

88%.

Domestic revenue in November 2018.

99 ‰, +7 for ten years.

96%, we believe that the company will continue to implement the Internet celebrity explosion strategy in 2019 to further penetrate the domestic market with independent brands such as Morphy Richards, Donlim, and Lights.

In terms of products,四川耍耍网 electric appliances, electric appliances, household appliances, and other products are separated by +4.

45%, +4.

17%, -15.

25%, +31.

91%, realized income 43.

86, 21.

04, 11.

46, 6.3.3 billion.

Cost pressures eased, while optimistic domestic branding drove up gross profit margins. Raw material prices fell slightly in 2018. At the same time, domestic branding paths increased product pricing power and improved overall gross profit levels.

The company’s gross profit margin in 2018 was 20.

56%, ten years +1.

14%.

Regionally, the gross profit margin of overseas operations was 18.

54%, ten years +0.

97PCT, domestic business gross margin is 32.

72%, ten years +1.

48%.

Since 2019, the pressure on raw material costs has continued to ease, and at the same time, the domestic sales explosion strategy has continued to increase the proportion of revenue. There has been a change in the company’s gross profit margin.

70%, ten years +1.

79%.

The impact of exchange rate changes is obvious. The impact of forward foreign exchange hedging during the company’s period in 2018 is mainly affected by changes in financial costs (exchange losses and gains). Financial costs are zero.

RMB 340,000 (among which, exchange loss decreased by 1.
.

08 billion).

Sales expense ratio reached 3.

94%, -0 per year.

05PCT.

Company management and R & D expenses 8.

61%, ten years +0.

28%.

At the same time, the company hedged the impact of foreign exchange gains and losses by purchasing forward foreign exchange contracts. In 2018, the total losses related to foreign exchange contracts were zero.

7.5 billion, of which investment income in 2018 was -0.

4 billion US dollars, gains and losses from changes in fair value is -0.

3.5 billion.

Expanding the domestic sales market to increase the scale of revenue, optimistic about the growth brought about by branded development, we maintain the company’s EPS for 2019-2021 to be 0.

81, 1.

10, 1.

The forecast of 27 yuan, as of April 26, 2019, the industry can refer to the company’s average PE in 2019 is 20.

58 times, compared with industry benchmarks, the company ‘s internal sales market product upgrades and channel expansion go hand in hand, and it is moving towards sharing the dividends of popular demand for Western-style small household appliances.23 times PE, corresponding to the target price of 17.

82?
18.

63 yuan, maintain “Buy” rating.

Risk Warning: Reduced overseas demand; blocked development of the domestic market; increased competition in the industry.

[Can walnut flowers be soaked in water?

]_Function_Benefits

[Can walnut flowers be soaked in water?
]_Function_Benefits

Walnut flowers can be soaked in water, and drinking soaked water can still make the cells of the human body more and more vital and reduce blood lipids. Walnut flowers can be soaked in water and can be cold or fried., Walnut flowers are generally made of relatively tender wild walnut flowers. When making food about walnut flowers, you must first soak them so that the walnut flowers return to their original shape.

The effect and function of walnut flower soaked in water. The walnut flower is the walnut style, also known as walnut button, longevity dish, and dragon’s beard.

It is rich in phospholipids, which is beneficial to enhance the vitality of human cells, promote human hematopoietic function, effectively reduce blood lipids, plasma and prevent arteriosclerosis.

It uses wild fresh, tender quality, removes the whiskers, and has the natural green walnut flower tender stems as raw materials. It is carefully processed and shaped, the surface is light brown or dark black, and it is green or gray after reduction.

Restores its natural form and color, aroma, taste and nutrition.

Walnut flower recipes Generally, dried walnut flowers purchased should be immersed in boiling water and simmered for 30 minutes, then rinsed with warm water, and then taken out for use.

Serve cold and stir-fry.

The walnut flower is about ten or twenty centimeters long, and the green face reveals some green meaning. It looks like a test tube brush.

Remove the flower stamens, take the flower stalks, rinse with cold water after soaking, and change the water every morning and evening. Persist for six days. The white and black flower stalks can be put on the water.

No hassle, just stir fry with animal fat, add a little water, and eat.

Masses in mountainous areas collect walnut flowers when they are listed on the market, and they are directly dried in the sun to serve as dehydrated wild vegetables.

When using it, you can soak it in water, and then stir fry directly.

It is also a home-cooked dish of the mountain people.

Bu Nao Qingxin sesame seeds mixed with walnut flower practice 1, dry walnut flower foaming early about 5 hours.

2. Wash and simmer in boiling water for about two minutes.

3. Put the oil in the oil pan, turn off the heat after heating, and add pepper and dried red pepper.

4. Strain the peppercorns and dried red peppers, and only take the sesame oil. Add the sesame oil, balsamic vinegar, and soy sauce to the cooked walnut flowers, mix well, and sprinkle the fried white sesame seeds.

Recipes for walnut insomnia: Walnut milk: Take 6 walnuts, 1 cup of milk, and take it before bedtime after cooking.

Recipes for walnuts to effectively treat constipation, asthma, and early whitening.

Walnut honey tea-treatment of chronic constipation: 5 grams of walnuts, 1 gram of honey, washed with water, can intestinal laxative.

2.

Walnut Ginger-cure slow branch, asthma practice: walnut kernel 1?
2 capsules, 1 ginger?
Take 2 slices and chew them together.

Every morning and evening, it can nourish the lungs and spleen, and reduce phlegm and asthma.

3.

Walnut Sesame Paste-Treatment of early whitening is necessary: 5 grams each of walnuts and sesame, broken into a paste and taken, it can be used for filling.

If you still have a pulverizer, that’s even better. You can beat walnut dispersing wood into powder, about 3g each time, and use warm water to wash it.

Blu-ray Development (600466): Improved sales and more balanced sales

Blu-ray Development (600466): Improved sales and more balanced sales
Investment Highlights Event: The company released the first quarter report for 2019: the first quarter realized operating income of 57.67 trillion, +73 for ten years.40%; net profit attributable to mother 4.95 ppm, +64 a year.31%.  Sales volume has steadily increased, and the layout is more balanced. The company achieved sales of 188 in the first quarter of 2019.62 trillion, 207 sales area.370,000 countries, increasing by 10 each year.23%, 16.44%.By region (by sales amount): Chengdu region is the company’s base camp, contributing 40.1.3 billion, accounting for 21.28%, a decrease of 40 compared with the same 杭州夜网论坛period last year.8 units.  East China and Central China continued to contribute, contributing 58 respectively.2.5 billion, 42.1 trillion, a year-on-year growth of 391%, 150%, the proportion of expansion 23 respectively.9 and 12.5 up to 30.9%, 22.3%.The South China region has achieved this kind of 15.49 trillion, contribution ratio 8.2%.In recent years, the company has actively carried out a national layout, and its sales structure has become more balanced.The report summarizes that East China and Central China regions have become new growth points for the company’s sales, and the total sales accounted for over 50%.Looking ahead to 2019, the company has ample saleable value, and areas outside Chengdu’s base camp will continue to make efforts to gradually launch an impact towards the 100 billion mark.  In terms of diversified development of the land reserve layout, and the financing channels remain unblocked, the company has maintained a relatively active land acquisition strategy and continued to “go east and south”.In the first quarter of 2019, there were 15 new projects with a total construction area of about 3.2 million countries.From the distribution area, Beijing (Tianjin, Zibo) accounts for 40%, Yunnan-Chongqing (Chongqing, Kunming, Guiyang) accounts for 31%, East China (Nantong, Yangzhou, Jinhua) accounts for 11%, and South China (Fuzhou, Foshan, Jinjiang) accounted for 10%, and Central China (Xi’an, Luoyang) accounted for 8%.In terms of urban energy levels, the proportion of first- and second-tier cities in newly added soil reserves accounted for nearly 80%.From the perspective of land acquisition, the company has continued the diversified development of resources. According to our tracking, nearly 80% of the resources obtained by indirect bidding (by construction area).  In terms of finance, due to the company’s relatively positive land acquisition in the first quarter of 2019, the leverage ratio increased steadily. At the end of the first quarter, the company’s net debt replaced 129.5%, an increase of 26 from the end of 2018.8 units.In terms of financing: 1. The traditional financing channels are open: The company successfully issued 11 trillion corporate bonds in March 2019, with a coupon rate of 7.5%; 2. Permissible financing space penetration: (1) The company obtained bonds with a wholesale bank size of not more than 1 billion US dollars in May 2018, and currently issued a total of 7.US $ 800 million; (2) The wholesale bank approved in September 2018 does not exceed RMB 2.5 billion in corporate bonds, and 1.1 billion has been issued; (3) In March 2019, the company obtained a certificate issued by the Shanghai Stock Exchange of not exceeding RMB 20 billionYuan’s non-public issuance of corporate bonds; 3, financing channels continue to expand the scope: the company’s wholly-owned subsidiary and Gopher Asset Management Co., Ltd. jointly initiated the establishment of a real estate investment fund, the proposed Wuhu Gopher Zeyi Investment CenterThe amount of funds raised in this period does not exceed RMB 2 billion, and the first phase has raised funds2.7.9 billion.The traditional financing methods expand diversified financing channels to protect the company’s future expansion and scale.  The spin-off and listing of the business sector has helped to accelerate the development of the company’s holding subsidiary Jiabao. Chengdu Dikang Pharmaceutical intends to issue shares of overseas listed exchanges (H shares) and apply for listing on the main board of the Hong Kong Stock Exchange.Dikang Pharmaceutical has completed the shareholding system transformation.In March 2019, the issuance of overseas listed foreign shares of Garbo obtained approval from the China Securities Regulatory Commission.As of the end of 2018, Garbo had settled in more than 60 cities, with over 400 projects under management, over 56% of the area under management, and achieved operating income13.99 ppm, a 43-year increase of 43.95%, achieving a net profit of 2.89 ‰, an increase of 49 in ten years.15%.After the property segment is split and listed, the development potential brought by independent operation will be further released.  Investment suggestion: The company is currently in the period of positive development of nationalization. Sales in the first quarter of 2019 will continue to maintain high growth, while modern services, medical equipment and 3D bioprinting can break through the blue ocean industry with potential for development.Vigorous fair incentives and a relatively market-based follow-up investment mechanism have effectively improved the company’s quality of project acquisition and project operation efficiency, and laid the foundation for the company’s high-growth sustainability.We expect the company’s EPS to be 1 in 19-21.07, 1.37, 1.78 yuan, corresponding to the current PE of 6.5x, 5.1x,佛山桑拿网 3.9x.Maintain “Buy” rating. Risk warning: The company’s sales are not up to expectations, and the industry liquidity improvement is not up to expectations.

Suning Tesco (002024): Consolidating Smart Retail Win-Win Accelerating Sink

Suning Tesco (002024): Consolidating Smart Retail Win-Win Accelerating Sink
The main points of investment range from home appliance chain to smart retail, China’s private retail leader.① After three decades of re-examination, the company transformed from an air-conditioning franchise to a home appliance chain to a technology transformation, forming a “two big / two small / multi-special” storefront ethnic group and an easy-to-buy APP; the actual controller, Mr. Zhang Jindong, directly and indirectly holds 33% of the shares, The company has implemented three phases of employee stock ownership plan, full of incentives; Suning Holdings has rich resources, covering home ownership / technology / cultural / creative / sports / investment, etc.② In 2018, the total channel GMV 336.8 billion increased 38%, revenue 2450 billion increased 30%, and online GMV 208.4 billion increased 65%, accounting for 62%; the company’s home appliance omnichannel market share in 2018 was 22%, ranking first. Channel: Two majors / two smalls / multi-specialists, retail cloud wins more and sinks.① Super 1 for self-operated and franchised stores.10,000: As of the end of 2018, there were 8,881 self-operated stores, including 2105 household appliances 3C, 2368 direct-sale stores, 4177 small stores, 157 red children, and 8 Sun Xiansheng; 16 Suning Tesco Plaza, 厦门夜网 retailThere are 2071 companies in the cloud; the warehouse area is 9.5 million square meters, and 50 logistics bases and 46 cold chain warehouses are operated. ② High-end market: optimize storefronts and expand cloud stores.Expansion and encryption before 2011, store density from 1 in 2003.8 homes / cities increased to 6 in 2011.6 stores / city; Overlapping stores will be closed in 2012-16, and will start to open in 2017. Store density will be the lowest point in 2016-20175.0 homes / cities rebounded to 5 in 2018.5 stores / city; In 2018, 3C same-store appliances increased by 2.4%, of which the primary market increased by 7.9%. ③Low-line market: Retail cloud empowers brand increase, franchisees have higher ROIC.One. Multi-win model: the brand has increased exposure, has strategically cooperated with Midea / Skyworth, etc .; empowered franchisees, more standardized, changed turnover, higher ROIC; Suning quickly sinks, expanding independent products.B. Why is 2018 accelerating?2032 new stores opened in 2018, and 2,000 are expected to open in 2019, from: the release of low-line demand, the accumulation of experience of Tesco directly operated stores (Pingxiao 1).830,000 yuan / square meter, only slightly lower than 3C appliances), logistics construction is perfect.C. Financial estimation: We expect that GMV will be 30 billion yuan and 100 billion yuan in 2018-19, which will be flat in 2018; the long-term store opening space will exceed 1.50,000 stores, GMV exceeding 45 billion; it is estimated that under the retail cloud sampling model, the ROIC of franchisees may exceed 50%, and the payback period shall not exceed 2 years. Category: Consolidation of 3C appliances, fast-moving consumer goods in 2019.① Strengthen its own brands in 2019; the gross profit margin of air conditioners and ice washing is higher than that of Gome, and it will increase significantly in 2017-18, reflecting the advantages of strengthening the supply chain through omni-channels.② FMCG perfects the omni-channel layout and strengthens the traffic entrances: from Suning stores, Red Kids, Wanda Department Store, etc. After benchmarking JD.com, what are Suning’s advantages after drawing a long board?From the perspective of financial indicators, Suning (vs. Jingdong) in smart retail transformation has presented in 2018: growth growth (GMV increase 38% vs 30%), higher gross profit (15%, etc.), cost (13.7% versus 14.8%), shortened turnover (35 days vs. 40 days of inventory) and more sustainable improvement in EBIT (2 billion vs. 2.6 billion), but it is difficult to take into account operating cash flow in the short term (-13.9 billion vs. 20.9 billion). We understand that Suning’s reconstruction is consolidating smart retail and building stronger and stronger core barriers. The trend of rising against the trend has become: ① omnichannel advantage: under the new retail industry trend, the company is the only dual-line channel with deep integration and excellent operationsCapable platform companies; ② Improved competitive landscape and increased market share: Online and Ali strategic cooperation continued to grow faster than JD. Offline same-store and open stores significantly faster than Gome; ③ Abundant resources and strengthened core capabilities:The three major business units of the company’s retail, finance, and logistics have fully developed synergistically, with technology empowerment and efficiency, and space for independent financing capabilities. The Group has rich resources in industries such as home ownership, cultural and creative, science and technology, and sports;Bargaining power: Take the e-commerce direct store and retail cloud as the carrier, win-win and accelerate the sinking. At the same time, it will strive to enhance its bargaining power, drive the value redistribution of the industry chain, and its opportunities in the middle. Profit forecast and estimation.We estimate that the company’s omni-channel GMV will be 431.4 billion / 526.4 billion / 622.9 billion in 2019-21, an increase of 28% / 22% / 16%; revenue 300.7 billion / 368.9 billion / 426.2 billion, an increase of 25% / 20% / 16%; Net profit of 13.5 billion / 2.2 billion / 3.2 billion.According to the online PGMV, offline PE and considering the equity value, the segment evaluates the company’s comprehensive reasonable market value of 1529-1826 Euros, with a reasonable value range of 16.4-19.6 yuan, maintaining the investment rating of “permanent market”. Risk warning: poor cooperation with Ali; lower-than-expected improvement in offline and online loss reduction; increased competition; investment returns of Suning Jinfu’s financial statements and other issues not meeting expectations.

Great Wall Motor (601633): Significant improvement in profit, optimistic about medium- and long-term performance explosion

Great Wall Motor (601633): Significant improvement in profit, optimistic about medium- and long-term performance explosion
Event Overview The company released the 2019 third quarter report, Q1 2019?Q3 achieved revenue of 625.8 ‰, a ten-year average of 6.1%; net profit attributable to mother 29.2 ‰, 25 years ago.7%; deducted non-attributed net profit 25.9 ‰, 28 years ago.7%.Among them, 2019Q3 achieved revenue of 212.0 million yuan, an increase of 18 in ten years.0%; net 佛山桑拿网 profit attributable to mother 14.0 million yuan, an increase of 507% in ten years; deducted non-attributed net profit13.500 million, an increase of 25556% in ten years.  Analysis and judgment: sales growth rate, average bicycle price increased, third quarter revenue resumed positive growth 2019Q1?Q3’s vehicle sales were 72.40,000 vehicles, an annual increase of 7.0%, which is significantly better than the passenger car industry’s replacement for ten years.7% sales performance; of which Q3 company’s vehicle sales were 23.10,000 vehicles, an increase of 12 per year.4%, returning to double-digit growth.The average bike price of the company in Q3 2019 reached 9.190,000 yuan, an increase of 0 from Q2.250,000 yuan, previously raised 0.43 million. The reasons for the rise in the average unit price include: 1) the volume of products increased 重庆耍耍网 after Q3 emissions were upgraded to National VI, and the discount was improved compared to National V tools; 2) the proportion of larger F-series sales increased.Sales volume resumed double-digit growth and the average bicycle price increased, and the company’s third-quarter revenue resumed positive growth.  The gross profit margin increased significantly compared with the previous quarter, and the expense ratio decreased. The net profit in the third quarter exceeded market expectations of the company’s gross profit margin in Q3 201918.49%, up 4 from Q2.93pct, an increase of 4 per year.At 84pct, the increase in gross profit margin was due to the increase in the scale of products and the reduction in discounts after upgrading to National Six, leading to the effect of reducing costs earlier.The company’s expense ratio declined overall during Q3 2019, among which: the sales expense ratio fell by 1.25 points to 4.16%, mainly due to the narrowing of discounts after the upgrade of emissions, reducing the rebates to dealers; the management expense rate increased slightly by zero several times.02pct to 2.14%; R & D expense ratio increased by 0 in the short term.81 points to 2.63%, mainly due to the increase in the company’s R & D expansion efforts for new energy vehicles and new platforms; the financial expense ratio decreased by 1.47pct to -0.64%, mainly due to increased exchange gains and interest income; the four expense ratios totaled 8.29%, down by 1 every year.89 points.At the same time as the gross profit rate increased, the expense ratio decreased during the period. The company’s net profit margin improved in the third quarter and gradually increased.23pct to 6.61%, Q3 returns to net profit of the mother 14.0 trillion exceeded market expectations.  Each product line has common points in the short, medium, and long-term: 1) Short-term: F-series sales climb effectively to hedge the aging problem of H-series products and support Haval’s volume and price; 2) Medium-term: follow the automotive industry segmentation and platform development trend,The company’s new platform is about to land, and the first model will be mass-produced by 2020, which is of great significance for reducing costs and increasing efficiency; 3) Long-term: At present, monthly sales of WEY have stabilized, and it is expected to form a breakthrough in the long-term and achieve brand sublimation.Other product lines: 1) New energy vehicles: The company’s transformation attitude is firm, multiple downstream vehicle lines are jointly promoted, and midstream and upstream resources and core components are actively deployed; 2) Pickup: The company is an invisible champion in the pickup industry, a domestic cityThe proportion is as high as 30%. Recently, the “Great Wall Cannon” was launched to comply with the development trend of high-end pickup and passengerization of pickup trucks. 3) Parts: 4 parts platform companies actively expand external customers, and increase third-party parts suppliersProportion of procurement, complement each other, and improve the effect of scale.In summary, we are optimistic about the outbreak of the company’s performance elasticity when the industry’s demand is warming.  Investment proposal maintains the company’s net profit attributable to mothers in 2019-2143.1/58.4/72.The 500 million profit forecast is unchanged, and the corresponding EPS is 0.47/0.64/0.79 yuan, currently the corresponding PE is 16.7/12.4/10.0x, the company is currently at a profit low, maintaining the company 2 with reference to the company’s PB level in the past 5 years.3x PB estimate, corresponding to a target price of 12.97 yuan, maintain “Buy” rating.  Risk warnings: Passenger car segment sales are lower than expected; the market share of independent brand SUVs is falling; new energy vehicle sales are lower than expected.