娉℃锛屽叾瀹炴槸涓€绉嶈厡鍒堕鐗┿€傚湪寰堝鐨勮彍鍝佸綋涓紝閮戒細浣跨敤鍒版场妞掋€傚挨鍏舵槸澶忓ぉ锛屾场妞掓洿鏄ぇ澶氭暟娌℃湁椋熸鐨勪汉鐨勯€夋嫨銆傞偅涔堬紝娉℃闄や簡鍙互褰撳仛灏忚彍锛岄偅涔堣繕鍙互鍒朵綔浠€涔堢編鍛冲憿锛熶粖澶╂垜浠粰澶у鎺ㄨ崘涓€涓嬫场妞掑彲浠ュ仛鑿滐紝甯屾湜澶у閫氳繃灏濊瘯锛岃兘澶熸壘鍒拌嚜宸辨渶鍠滄鐨勬场妞掑悆娉曘€傛场妞掔畝鏄撳仛娉曢潚绾㈠皬杈ｆ100g / 鐩?g / 殮 灭 墖 3-4 鎗 樳 姳 girl?0 Qi?/ 楂樺害鐧介厭10ml / 姘撮€傞噺1.杈ｆ娲楀噣銆佹櫨骞诧紝纭繚娌℃湁涓€鐐规按锛屽惁鍒欏彉璐?.閿呭皬鐏儳骞插彂鐑悗锛屽皢濮滅墖銆佽姳妞掋€佺洂灏忕伀鐐掗3.鍊掑叆閫傞噺姘寸儳寮€锛屽叧鐏櫨鍑?.What are you talking about? Are you tired?-2 鍒 嗛 挓 5.娓╃儹鍚庤鍏ュ共鍑€鏃犳按鐡朵腑锛屽瘑灏佸€掔疆鏀惧噳锛岀疆闃村噳澶勪繚瀛?0 澶 ╁ 嵆 鎴 璬 璐 綉 咬 Ad?.娉¤彍鐡舵渶濂介€夋嫨鐡跺彛瀵嗗皝涓ュ瘑锛屼笉閫忔皵鐨勩€傝繖鏍锋墠鑳戒娇娉℃鍦ㄧ己姘х殑鎯呭喌涓啀 敓 澶 ч 噺 揔 揀 Take 2.”Don’t worry, you’ll be afraid of you, you’re afraid of it, you’re afraid of it, you’re afraid of it, you’re going to do it, you’re going to do it all.”What are the rules and regulations?00g / Luan Tea 150g / 娌?0ml / 10g 绾 ㈢ 喳 菰 訰 記 supplement 30ml / 烗 觯 姽 50g / 娉 ℃g / Kusang Soup 7g / Kaijie 5g / Hagi?g1.鑾茶棔鍘荤毊鍚庡垏鐗囨场鍏ユ按涓紝鏉鍜岃タ鑺规礂鍑€鍒囨锛岄浮涓繀娲楀噣鍒囨鍚庡姞鍏ユ枡閰掞紝鐩愬拰10鍏嬬孩鐑ч叡娌规姄鍖€鑵屽埗2灏忔椂2.What’s the matter?.鐑攨鍊掓补娓╂补涓嬮攨濮滆挏娉℃鐖嗗嚭棣欏懗锛屽啀鎶婇浮缈呭姞鍏ョ吀鐐掑潎鍖€鍚庣敤涓伀鎶婇浮缈呰竟缈荤倰杈圭厧鐔?.鍐嶆妸钄彍鍊掑叆鐓哥倰鍧囧寑锛屽姞鍏ョ孩鐑ч叡娌瑰拰灏戣寮€姘寸吀鐐掔墖鍒昏嚦钄彍鐔?.What’s the difference between the elder and the altar in the world?50g / How to use it?姹 ゅ 宠 / Last 泲 1 Juan 粦 鑳 ℃ 1g / Hagi?/ 绾㈤厭2姹ゅ寵 / 娣€绮?姹 ゅ 宠 鐢 稸 娊 1 姹 ゅ 宠 / 揂 欓 Tired of 1 姹 ゅ pet / scary?Gong stomping pet?Huh?/ What’s the difference? 嘉 ℃ 10 Juan?。鐗涜倝鍒囨垚绛夊ぇ鐨勫皬绮掞紝鍔犲叆鐩愩€侀粦鑳℃銆佺孩閰掋€侀浮铔嬨€佹穩绮夋姄鍖€锛屽啀娣嬪叆It ‘s a good idea. The altar is inlaid with a jar and it ‘s set up in 15 places. It ‘s made in 15 jars and 2 in a jar.The following are some examples: the altar is intricately fixed, and the following is the case: it ‘s very easy to find out what ‘s going on, what ‘s going on, what ‘s going on, what ‘s going on, what ‘s going on?鮢 忥 庥 纴 钴 卞 咏 咁 封 尳 姳 3.It ‘s very difficult to make up for it: it ‘s a good song, and it ‘s a good thing. It ‘s not a good idea. It ‘s not easy to see what ‘s going on here?。I’m afraid, I’m afraid, I’m afraid, I’m going to stretch out the altar, and the altar is set up, and I’m tired of it. I’m tired of it. Do you want to go?。What are you talking about? What are you talking about? What are you talking about? What are you talking about? What are you talking about?00 / 娉 ￠ Dang Baan + 娉 ￠ Dang Baan 姘 村 ぇ 鍗 婄 娉 ¤ 帍 灏 戦 噺 // Distinguish Chain?/ Forge Chong Book / 鑳 ℃ Chain?/ Scarlet?.What are you talking about? You’re talking about it? What are you talking about? 彍 鍓 丸 璬 鍧?.Discussing, pressing, upsetting, or upsetting?.The defendant admits that the lawsuit will be squeezed by Li Fengfeng. 4.娉”嚭鑺辩敓鏀惧叆娉¤彍姘达彍姘当灞辨銆佹场阅庡北妞掓按銆佹场凿滃潡銆佽姳妞掓汤銆佸懗绮俱€佽儭妞掓湯銆佺硸锛屽拰鍧囧寑銆傛斁鍐扮娉′竴澶╁嵆鍙互鍚冧簡
銆 愯 擯 擶 殑 宑 婅 姳 姳 貳 helm Press 鑬 钖 梍 chi 婅 姳 姳 姳 关 害 徶 滀 簩 杩 樿 兘 濆 悧 銆?
鍦ㄦ场鑿婅姳鑼剁殑鏃跺€欙紝鐢变簬鍚勭鍘熷洜闂锛屽緢澶氫汉涓嶈兘澶熼┈涓婁竴娆″枬瀹岋紝鎵€浠ユ湁This is the best way to do it. It ‘s a good thing. It ‘s a good thing. It ‘s so strong. It ‘s so strong. It ‘s so strong.幇鍠濓紝涓嶆彁鍊￠殧澶滃啀鍠濈殑锛屽洜涓哄彲鑳戒細閫犳垚涓€浜涗笉鑹殑褰卞搷锛岄殧澶滆尪鍦ㄧ敓娲讳腑鏈夊叾浠栫殑濡欑敤锛屼緥濡傜敤鏉ユ礂澶存摝韬紝鍙互璧峰埌姝㈢棐鐨勬晥鏋滐紝杩樿兘澶熷府鍔╃敓鍙戙€備竴銆佽繃澶滅殑鑿婅姳鑼惰兘鍠濆悧鎹彜绫嶈杞斤紝鑿婅姳鐢樿嫤锛屾€у井瀵?鏈夋暎椋庢竻鐑€佹竻鑲濇槑鐩拰瑙ｆ瘨娑堢値绛変綔鐢ㄣ€傚鍙ｅ共銆佺伀鏃恒€佺洰娑╋紝鎴栫敱椋庛€佸瘨銆佹箍寮曡捣鐨勮偄浣撶柤鐥涖€侀夯鏈ㄧ殑鐤剧梾鍧囨湁涓€瀹氱殑鐤楁晥銆備富娌绘劅鍐掗鐑紝澶Inch 銥 哥 哯 瓑 銆?瀵圭湬鏅曘€佸ご鐥涖€佽€抽福鏈夐槻娌讳綔鐢ㄣ€傞殧澶滃悗鑿婅姳鑼跺張浠€涔堝彉鍖栵紝闅斿鑿婅姳鑼惰兘鍠濆悧? 闅斿鑼剁敱浜庡啿娉℃椂闂磋繃涔咃紝鍙堟病鏈夐噰鐢ㄤ换浣曚繚椴滄帾鏂斤紝 鍙兘浼氶€犳垚閮ㄥ垎钀ュ吇缂哄け(杩欒繕闇€瑕佺瀛︿綈璇?锛屼絾鏈€涓昏鐨勮繕鏄鍛崇殑涓уけ銆傚洜姝わ紝 瑕佹兂鍝佸嚭鑼朵腑鐪熸粙鍛筹紝 鏈€濂芥槸鐜版场鐜板枬锛屼笉鎻愬€″枬闅斿鑼躲€備簩銆佽壇濂界殑鍔熸晥1銆佹琛€锛氶殧澶滆尪涓惈鏈変赴瀵岀殑閱嬮吀锛屽彲闃绘姣涚粏琛€绠″嚭琛€銆傚鎮ｅ彛鑵旂値銆佹箍鐤广€佺墮榫堝嚭琛€绛夛紝鍧囧彲鐢ㄩ殧澶滆尪婕卞彛娌荤枟銆傜柈鍙ｈ創鐤°€佺毊鑲ゅ嚭琛€涔熷彲鐢ㄥ叾娲楁荡銆?銆 佹 槑 鐩 Fine 閅 斿 Gong Duo 钄 尮 尪 氶 氶 厷 厷 夋 幾 秷 畣 難 庝 綔 鐢 纴 傡 傛 灾 繾 湧湧 湧湧 湧What are you talking about? What are you talking about? What’s the matter?銆 ? 鐥 搞 掞 関 搑 搑 殑 閅 斿 Guoluo ruo 夶 擂 夨 厨 鎿 鎿 ﹁Han ad?Do you want to go through Nanluo? Don’t you want to cross Nanluo?銆佺敓鍙戯細鐢ㄩ殧澶滆尪娲楀ご锛岃繕鏈夌敓鍙戝拰娑堥櫎澶村睉鐨勫姛鏁堛€傚瀚岀湁姣涚█钀斤紝 杩樺彲姣忓ぉ鐢ㄥ埛瀛愯樃闅斿鑼跺埛鐪夛紝涓€娈垫椂闂村悗銆傜湁姣涗細鍙樺緱娴撳瘑鍏変寒銆?The following is a list of links: the link is not available, and the link is available. The list is forbidden. It ‘s not easy to see what ‘s happening. What ‘s the difference?懧 澶 氆 尪 Ad?What’s the difference? Adorable?缁忓父鐢ㄨ尪婕卞彛鍙秷闄ゅ彛鑷€?銆 侀 槻 鏅 掞 掞 掞 镄 鐄 偆 琚 槼 夋 媋 檼 浼 わ 纴 鍙 槤 姘 棘 fatty 擇 殧 澶 滆 嵓 唓 邓 邮 鎮 帮帮銲 犱 銉 闉 i 吀 瀵 Gui 毊 瑁 鏀 鏀 暃 揃 揤 敤 Adopting?What is the key?The gong and the heart are swayed by the hazelnut ╄ the chain and the sister branch, the stern branch is out of the air?銆佸幓鑵ラ櫎娌硅吇锛氶殧澶滆尪杩樻湁闄よ叆鍜岄櫎娌瑰姛鑳斤紝 鍚冭櫨锜瑰悗鐢ㄦ潵娲楁墜浼氬€嶆劅娓呯埥銆?
[Potato Wide Noodle Practice]_Potato_Wide Noodle_How to Make
Broad flour is a type of flour with high starch content. The main ingredient is starch, which tastes better, so it is more popular.
There are many ways to eat wide noodles, which can be added when cooking hot pot, and can be fried with potatoes when cooking.
So today I will teach you how to make this potato flour.
Ingredients: Potatoes, beans, lasagna, pork belly, starch, oil, ginger, garlic, cooking wine, soy sauce, salt Step 1. Peel the potatoes and shred kidney beans.
2, pork belly, wide flour.
3. Wash the pork belly, cut into thin slices and add starch.
4. Cut the small potatoes into small hob pieces and soak them for later use. Wash and cut the kidney beans.
5. Pour in an appropriate amount of oil, stir-fry ginger, minced garlic, stir-fry pork belly, add a little cooking wine, and stir-fry until discolored.
6. Add kidney beans and stir fry, stir fry repeatedly until emerald green, add potatoes and stir fry.
7, add an appropriate amount of soy sauce, salt, add water to three quarters of the raw material, boil.
8. Then add wide flour to low heat and simmer for about ten minutes. Stir fry in the middle to prevent the wide flour from sticking to the pan.
Ingredients Introduce wide fans made of high-quality sweet potatoes, mung beans, potatoes, etc.
Variety, sweet potato fans, sweet potato fans, potato fans, mung bean fans, pea fans, broad bean fans, konjac fans, etc.
Fans are divided into many types according to their opening, including thick, thin, round, flat, and flakes; mung bean starch products are the best.
It is also a common dish on the people’s table. It can be mixed with any vegetables, meat, stewed or fried or used as a hot pot ingredient.
It has the characteristics of soft, tender, smooth and pleasant.
Nutritional value wide powder is a coarse grain starch product. The nutritional components are mainly starch, dietary fiber, protein, nicotinic acid and calcium, magnesium, iron, potassium, phosphorus, sodium and other minerals. Regular consumption is beneficial to nutrition balance, promote metabolic peristalsis and helpHealthy body.
Applicable to the general population can eat, but pregnant women eat little or no food.
Jiuyang Co., Ltd. (002242): Soymilk machine share price increased sharply in mid-term dividends, showing confidence
Jiuyang Co., Ltd. released its semi-annual report for 19 years. In 19H1, revenue and net profit attributable to mothers increased by 15% and 10%.
The company achieved operating income of 41 in 19H1.
87 ppm, an increase of 15 in ten years.
04%, achieving net profit attributable to mother 4.
0.6 million yuan, an increase of 9 in ten years.
72%; of which 19Q2 achieved operating income of 23.
88 ppm, an increase of 15 in ten years.
30%, net profit attributable to mother 2.
43 ppm, a ten-year increase of 8.
The company paid 5 yuan for every 10 shares in the half year of 19, a total of 3 yuan.
8.4 billion, cash dividends accounted for 94% of net profit attributable to mothers in 19H1.
The performance of each product line is excellent, the recovery of food processing machines has increased, and the average price of soybean milk machines has increased significantly.
In terms of products, the food processor series achieved revenue of 18.
00 ppm, an increase of 16 in ten years.
57%, nutrition pot series 14.
35 ppm, an increase of 18 years.
90%, Western-style small household appliances series 5.
31 ppm, an increase of 16 in ten years.
54% of the induction cooker series achieved revenue 2.
8.3 billion, down 11 a year.
In addition, the company’s export sales developed rapidly, and in 19H1 it achieved export sales3.
2.1 billion with a revenue share of 7.
In the first half of the year, the company’s food processing machine series revenue increased by more than 15% and realized restorative growth. The company released the K-series soymilk washing machine in the first half of the year to solve consumer pain points and reverse the poor growth rate of soymilk machines in the past few yearsIn the situation, according to the data of Zhongyikang, Jiuyang Soymilk increased by 10pct to 79% in the first half of 2019, and the distribution increased significantly.
In terms of different channels, the company’s online channels have become the company’s main sales channels. According to this, the company’s online channels are growing faster than offline channels.
In the first half of the year, the company opened a new direct-operated store “Joyungung Jiuyang Official Flagship Store” on Tmall platform to shorten the distance between the company and users, and to connect, communicate, guide and interact with offline brand stores to achieve O2O integration and development.
New retail channels are gradually being deployed, value ascent continues to advance, and average price increases are evident.
The company constantly improves and optimizes its sales network, actively explores new retail business, and has opened various new stores such as “Jiuyang House” stores, brand flagship stores, brand experience stores, brand specialty stores and other stores to strive for value.
According to the data of Yikang in 18H1, the average price of soybean milk maker, mixer and rice cooker increased by 15%, 11%, and 10%, respectively.
02pct to 34.
In terms of profit, short-term companies continue to invest resources in channel 无锡夜网 layout, brand promotion, product research and development. The growth rate of the company’s profit side is lower than that of the income side, but the rapid growth of the company’s income side is gradually verifying that the company’s “products” and “channels” are improving.
Profit forecast and investment advice.
In the long run, we continue to be optimistic about the growth and scalability of the small home appliance industry, and we are optimistic about the company’s brand transformation from soymilk machines to quality small home appliances.
The company develops SharkNinja’s business in China and develops in multiple categories. We estimate that the company’s net profit attributable to mothers will increase by 11%, 13%, 13%, and EPS will be 1 in 2019-21.10, 1.
40 yuan, the current closing price corresponds 淡水桑拿网 to 19 times PE in 19 years, referring to comparable companies, giving companies 20-25 times PE in 19 years, corresponding to a reasonable value range of 22-27.
5 yuan, given the “preliminary market” rating.
The price of raw materials fluctuated, and downstream competition was fierce.
Reluctant wine industry (600702) 2019 first quarterly report review: gross profit increase significantly increased costs
Matters: The company released the 2019 first quarter report, and the company achieved revenue in the first quarter6.9.7 billion, an increase of 34.06%; net profit attributable to mother 1.01 trillion, with the same increase of 21.53%; net profit after deduction is 0.0.99 million yuan, an increase of 22.10%. Comment: The revenue growth of middle and high-end liquors has accelerated, and the product structure has continued to optimize.Company Q1 achieved revenue 6.9.7 billion, an increase of 34.06%, slightly exceeding market expectations.Liquor realized income 5.9.3 billion, an increase of 35.37%.Taking into account that the caliber of accounting policies in 2019 and 2018 tends to be consistent, the growth rate of wine revenue in 19Q1 is 18Q4 (+28).06%) accelerated.Glass bottles achieve revenue 1.04 trillion, with an increase of 27.04%.In terms of different products, mid- to high-end wines achieved income5.7.7 billion, an increase of 36.01%, MoM 18Q4 (+28.63%) increased by 7.38pcts, the ratio of income to liquor income was 97.33%, 0 per year.45pct; low-grade wine achieves zero income.16 trillion, the same increase of 15.78%.In terms of regions, the province achieved income1 in 19Q1.3.8 billion, an increase of 26.65%; realized income outside the province4.3.6 billion, an increase of 35.08%.The advance payment is 1.500,000 yuan, the same reduction of 2.34 trillion, ring minus 0.9.7 billion.Receipt 8.0.5 billion, with a decrease of 8.56%; operating net cash flow is -0.110,000 yuan, the performance of cash flow indicators is average. The gross profit margin increased significantly, and expenses increased.The company’s Q1 gross profit margin was 74.76%, the same increase of 5.27 items, mainly: 1) The company focuses on middle and high-end willing series, and the product structure is constantly optimized; 2) Price increases.On March 16, 2018, the company made a unified adjustment of the taste of willing wine channel policy across the country, that is, the original purchase of 5 get 1 free, unified adjustment to buy 6 get 1 free, and the price increase was about 13 yuan per bottle.Settlement of sales expenses 26.09%, the same increase of 2.85 pcts, mainly due to increased competition in the industry, the company increased advertising costs. Management expenses expense 11.93%, an increase of 1.1pct, mainly due to the amortization and distribution of incentive costs, depreciation costs after the project is converted to solid, and factory repair costs increased; business tax compensation14.21%, same as minus 1.29pct; plasma dialysis 30.16%, the same increase of 13.68pcts, mainly due to the parent company’s profit after making up and supplementing the realized income and reversing the deferred expenditures deductible from the previous year, which can be deducted and decomposed, and the increase in current income due to profit growth.To sum up, the company’s net sales margin is 15.49%, same as minus 1.11 points. The goal of equity incentives is positive, and the price system will be streamlined after the stock price is stopped.The company implemented fair incentives at the end of last year with a positive goal. If calculated based on the 18-year net profit, the company’s net profit growth rate after returning to the parent company for 19 years after deducting the equity incentive amortization cost was 51.13%, more confidence.Since the beginning of this year, the company has issued a notice to control the goods and a price increase announcement of the channel, announcing that it will control the price of the accompanying taste, and cancel the policy of rations and gifts, further sort out the taste and price system, and implement it from March 23.The new price policy, taste is willing to raise prices by 10%, the company hit a better price increase combination boxing.In addition, the company has a total of 1,638 杭州桑拿 liquor dealers in Q1, 44 new dealers and 36 retired dealers, an increase of 8 from the end of 2018. Investment suggestion: The company’s proportion of mid-to-high-end products continues to increase, the revenue growth rate is fast, and the product structure is continuously optimized. However, considering the improvement of the second-high-end competition, it is expected that the company’s expense will increase and adjust the EPS to 1 in 2019-2021.22/1.55/1.95 yuan (previous forecast was 1.34/1.64/1.98 yuan), corresponding to PE 25 / 20/16 times, combined with the company’s growth rate expectations and current sector changes, given a 25-year change over 20 years, the target price is 39 yuan, temporarily maintain the “strong push” rating. Risk warning: macroeconomic downside risks; intensified sub-high-end competition; channel expansion is less than expected.
Qilianshan (600720) semi-annual report comment: Infrastructure demand is picking up and performance hits record high
Event: The company released its semi-annual report for 2019 and achieved operating income29.100,000 yuan, an increase of 23 in ten years.86%; net profit attributable to shareholders of listed companies5.20,000 yuan, an increase of 128 in ten years.81%. The sales volume of cement clinker increased sharply, which led to a better performance.Company revenue In the first half of the year, the company’s cement, clinker and concrete sales revenues were 25.5.5 billion, 1.2.1 billion, 2.1.4 billion, with annual growth of 17.27%, 893.77%, 60.14%.In the first half of the year, the sales volume of cement clinker 965 was increased by 200 inches per year, an increase of 26%. According to the data of Digital Cement Network, the cement output in Gansu region reached 1,860 tons in the first six months of 19, up by 16.3%, the cement output in Qinghai is 527.5 Initially, the overall output is slightly reduced4.3%, the company as the leader of Ganqing, sales growth outperformed the industry.In the first half of the year, the company’s cement clinker price was 277.5 yuan / ton, excluding 8 for the time being.83 yuan / ton, gross profit 99 tons.4 yuan / ton, up 6 before.7 yuan / ton, the gross profit margin of cement increased by 4 in ten years.54 averages reached 36.93%.The company’s sales expense ratio, management expense ratio, and financial expense ratio continued to decline, falling by 0.27%, 2.04%, 1.27%.The increase in sales is mainly due to the stable supply side, and the demand in the Northwest has recovered. Visual data show that the fixed asset investment quota in Gansu Province increased from January to June by 2.4%, while 17-18 years have been in a state of substitution, infrastructure investment increased from January to June8.7%, 3 faster than the previous May.At 7%, we believe that the loosening of currency and the issuance of special debt at the beginning of the year stimulated the recovery of local infrastructure demand, and it is expected that long-term demand is expected to maintain positive growth. Northwest Cement’s investment logic is on the demand side, and infrastructure continues to drive the industry’s prosperity 重庆耍耍网 upward. The amount of cement used in Northwest China is mainly concentrated in infrastructure construction. Benefiting from improved liquidity and infrastructure shortcomings, the overall cement demand in Northwest China has picked up, and Gansu Province, the company’s core region, has performed well. In the list of major projects announced by the Gansu Provincial Development and Reform Commission at the beginning of the year, eight railway construction projects, 27 highway construction projects, and numerous major airports, water conservancy and other major infrastructure projects were designed. According to the statistics of the Gansu Provincial Development and Reform Commission, the construction and planning of the whole province will be continued from January to May this year.A total of 390 investment projects were completed in 1佛山桑拿网28 newly launched major projects.3 trillion, accounting for 31 of the annual plan.1%, an increase of 8 percentage points from the same period last year; local infrastructure is expected to maintain stable growth in the next year. ”Cement +” is expected to contribute new profit growth points.The company still has a capacity growth in the long run. The outdated and relocated 4500t / d clinker production line in Tianshui, Gansu has been successfully ignited. The announcement shows that the project is under construction, and the 120-clinker production line of Sinoma Qilian Mountain in Tibet and the investment in Lhasa CityWith an annual output of 120 in the Qilian Mountains, the clinker production line is expected to be put into production this year and next. In addition, the company reorganized other related businesses for common development, and adopted a cement kiln to co-process urban domestic waste. It strived to transform and complete 2-3 cement kiln co-processing hazardous waste production lines during the “13th Five-Year Plan” period, and vigorously developed aggregates.Wall and other industries, profit growth space is expected to open. Investment suggestion: We expect the company’s revenue in 2019 and 2020 to be 67.85, 74.3.7 billion, net profit attributable to mother is 10.11, 10.9.6 billion, according to the closing price on August 14, corresponding to 19-20 PE is 6.4,5.9x, maintain “Buy” rating. Risk warning: The infrastructure projects in the Ganqing area are worse than expected, and the price of cement has fallen sharply.
Nanshan Holdings (002314) 2018 Annual Report Comments: Procurement Incentives Boost Confidence, Logistics Real Estate Is Imminent
Performance summary: In 2018 and the first quarter of 2019, the company achieved operating income of 7.1 billion (-4%) and 600 million (-24%), respectively, and achieved net profit attributable to its mother of 500 million (-13).
9%) and expected 100 million (-175%).
Gross profit margin remained stable and the first equity incentive plan was launched.
In 2018 and the first quarter of 2019, the reason for the rapid restructuring of the company’s revenue scale was mainly due to uneven real estate settlement, which was replaced by the settlement scale in 2018.
5%, and the warehousing and logistics business grows 24 per year.
8% as of the end of the first quarter of 2019.
500 million US dollars, an annual growth rate of 35%, and abundant settlement resources in the future. For real estate development enterprises, the peak settlement period is in the second and fourth quarters.
In 2018, the company’s gross profit margin was 43%, a year-on-year decrease of 1 percentage point, and the net profit rate was 11%, a decrease of 3 percentage points from the previous year. This was mainly due to the increase in debt costs, management expenses and financial costs caused by the company’s absorption of the deep foundationThe average annual growth rate of 3 units is 3% and 4%. The payment of land replacement and deferred tax will affect the effective yield of 37% in 2018.
In March 2019, the company announced its first stock budget incentive plan, granting 26.5 杭州桑拿网 million stock options to upstream and company backbones, with 0 granted to the company’s total share capital.
98%, implemented in three batches of 36 months, 48 months, and 60 months from the authorization date. When each batch takes effect, the ROE of the previous full fiscal year must not be less than 7%, 8%, and 9%.For a complete fiscal year, the compound growth rate of total operating income in 2018 is not less than 18%, 19% and 20%, and the proportion of main business income to total operating income for three years is not less than 95%.
A breakthrough in real estate sales affected by the downturn in the market, with good repayment and active replenishment.
In 2018, the growth rate of the real estate business declined last year, with a sales area of 310,000 square meters, a 12% decrease, and a sales value of US $ 天津夜网 5.1 billion, a decrease of 2%. In 2018, the cash received from the sale of goods and labor services was 7.4 billion yuan, an increase of 18%.
In terms of land acquisition, the company added one new project in Suzhou and one in Wuhan in 2018, and added new land storage and capacity building areas51.
80,000 countries, and as of the end of 2018, the company held a total of 121.
570,000 land reserves to be developed are distributed in the core second-tier cities of Wuhan, Nantong, Hefei, Changsha and Suzhou.
Baowan Logistics Park has a solid revenue performance with nearly 300 warehouse operations and 200 under construction and development.
As of the end of 2018, the company owns and manages 58 logistics parks, with a storage area of nearly 300 general-purpose, and a total of 200 general-purpose planned and under construction.
In 2018, thanks to the increase in rents of mature parks and the expenditure of newly supplemented parks, the company’s logistics park business realized revenue.
5 ppm, an increase of 24 in ten years.
8%, achieve net profit attributable to mother 0.
7 ppm, an increase of 22 in ten years.
5%, and at the end of 2017, the net profit attributable to the parent of Shenzhen Base was reduced by 43 million yuan, and the company’s operating situation after the merger was significantly improved.
In 2018, the company completed the signing of Shijiazhuang, Hangzhou and other cities and logistics land acquisition in Huaian, Zhangzhou, Deyang and other cities.
Profit forecast and rating.
It is expected that EPS for 2019-2021 will be 0.
22 yuan, 0.
25 yuan, 0.
29 yuan, net profit attributable to mothers will remain 16.
1% composite carbide, the market value has a significant margin of safety than NAV. We give the company 17 times the estimate for 2019, corresponding to a target price of 3.
74 yuan, maintaining the “overweight” level.
Risk reminder: If the market may further prefer a large market value target, the company’s performance and business synergy may be lower than expected.
Ten benefits of eating ravioli in early autumn
Many people like to eat lotus root stewed pork ribs in the early autumn, or put some lotus root into it when making clear soup or broth.
In fact, experts say that lotus root has many effects, and eating lotus root also has great benefits.
Today I will introduce the benefits of eating ravioli in early autumn.
1. Heat-relieving and cold-blooding lotus roots are cold, and the weather is hot in early autumn, which has the effect of cooling heat and cooling blood, which can be used to treat fever diseases.Useful.
2. Laxative and antidiarrheal lotus root emits a unique fragrance, and also contains metabolites, which has certain spleen and antidiarrheal effects, can increase appetite, promote digestion, appetizing and healthy, and is good for poor stomach appetite caused by autumn constipationLoss of appetite restores health.
3. The spleen appetizing lotus root contains mucus protein and supplementary fiber, which can be combined with bile salts in the human body, cholesterol and triglycerides in food, and excreted from feces, thereby reducing the absorption of lipids.
Lotus root emits a unique fragrance, and also contains high purity. It has certain spleen and antidiarrheal effects on people with indigestion and loss of appetite in the early autumn season. It can increase appetite, promote digestion, appetite, and be good for stomach appetite.Good, the appetite is restored to health.
4. Zhixue Sanyu contains a large amount of tannic acid, which has the effect of constricting blood vessels and can be used to stop bleeding.
Can also cool blood, scattered blood, Chinese medicine believes that it stops bleeding without leaving blood stasis, is a good food therapy for fever.
5. The sugar content of anti-aging and anti-cancer supplement C 藕 is not very high, but contains high vitamin C, which is very beneficial for patients with liver disease, constipation, diabetes and so on.
Centipede also contains polyphenols, which can improve immunity, ease the aging process, and prevent cancer.
6, analgesic decompression and protection of the heart 藕 supplement B vitamins, especially vitamin B6.
B vitamin supplements are good for reducing irritability, headaches and stress, as well as reducing mood and lowering the risk of high blood pressure.
7, nourishing blood and helping the gods to digest fresh tadpole rich in trace elements such as copper, iron, potassium, zinc, magnesium and manganese.
Among tuber foods, lotus root has high iron content, so iron deficiency anemia is most suitable for eating lotus root.
A variety of trace elements are beneficial to the production of red blood cells and keep muscles and nerves working properly.
In addition, these nutrients help secrete digestive enzymes and improve digestion.
8. Stable heart rate and blood pressure: The sodium-potassium ratio is 1: 5. Less sodium and more potassium are beneficial for regulating blood pressure and heart rate, and are good for heart and general health.
9, supplemented with vitamin K to prevent bleeding, rich in vitamin K, has a hemostatic effect.
Freshly squeezed juice can help prevent bleeding.
10, expectorant, antitussive and anti-hypertensive fresh yam juice can also be used to treat cough, hypertension and pneumonia and other respiratory diseases.
Hot lotus root tea has antitussive and expectorant effects.
Tonic to be careful: What disease does nothing make up?
The elderly love to use Chinese herbal supplements, and the young people love to use vitamin supplements. Do we really need to supplement them so much?
Doctors continue to warn everyone that it is impossible to say that various supplements can quickly increase resistance, and have the magic effect of resisting disease.
On the contrary, it does not make up, and overdosing is bad.
[Vitamins]A balanced diet will not be lacking. People really cannot lack vitamins. It plays an important role in maintaining the normal functions of the body and in children’s growth and development.
A large number of foreign medical practitioners have pointed out that the role of vitamins is exaggerated.
Don’t think that vitamins are more beneficial, excessive intake will have adverse effects and even toxic reactions.
Taking cod liver oil (containing vitamin A and vitamin D) as an example, a child taking more than 6 g of concentrated cod liver oil at one time and an adult more than 10 g may cause acute vitamin A poisoning with symptoms such as headache, nausea, vomiting, irritability, and lethargy.
If children take daily concentrated cod liver oil 1g-2g for more than 6 months, it will cause chronic vitamin A poisoning.
Safety guidelines: In fact, no special vitamin tablets are needed. The amount of vitamins that the human body needs every day is generally sufficient from the supplement.
Just follow one dietary principle: do n’t picky eaters, eat a little, do n’t overeat anything, and make sure you have plenty of food.
Some people ca n’t get the right amount of nutrients from food. In this case, they can be supplemented properly in the form of health products and medicines, including people who work under pressure, people who often work night shifts, and often work in high temperature, high heat, and cold conditions.People, partial children, dieters, vegetarians, pregnant women and patients with absorption disorders.
Even these people should follow the doctor’s instructions and make up for what is missing.
[Calcium, Zinc]Parents need to supplement their children because of their lack of symptoms. In fact, calcium and zinc can also be supplemented through diet, just to improve the skills to help these trace elements absorb.
The presence of calcium deficiency and zinc deficiency does require additional supplementation.
Safety guidelines: Cui Qiliang said that milk and dairy products are the most natural and effective way to supplement calcium, and the absorption rate is also high.
For infants and young children, when the daily amount of milk absorbed is greater than 600ml, the amount of calcium is not short, and the focus is on the amount of absorption.
Through effective sunlight, the vitamin D in the body resumes activation and calcium can be absorbed.
And whether there is a lack of “zinc”, the serum must be tested. If “zinc” is found to be lower than normal, but there are no symptoms of “zinc” deficiency, adding shellfish in the replacement will help to supplement “zinc”.
And for those who have obvious deficiency of “zinc” symptoms, attention should be paid to how to use zinc preparations.
[Ginseng]Fever is not suitable, healthy children do not need to take a look at the media reports: 9 infants and young children developed neurological symptoms after taking ginseng, and one of them suffered a convulsion after taking a large dose of ginseng, fell into a coma, and died unfortunately.
Cui Qiliang said that the child’s body is like a new machine, and the vitality is constantly increasing. Generally, no major tonic and long-term tonic are needed.
Parents must be cautious when supplementing their children. Do n’t supplement the healthy children. Otherwise, it hurts the stomach or helps to accumulate stagnation, which is not good for health.
Safety guidelines: Different people need different supplements.
Chinese medicine believes that ginseng is suitable for tonic deficiency, especially for children, and should not be used indiscriminately.
Yin deficiency and fire prosperity is prone to constipation.
Tips If the following adverse reactions occur after eating ginseng, it is indicated as inappropriate tonic: 1.
Abdominal pain, loss of appetite; 2.
2. Insomnia, irritability and other phenomena, generally stop taking medicine to improve.
Consecutive service for more than 1 month will cause excitement, insomnia, euphoria, neurasthenia, itching of the throat, high blood pressure, rash, edema, morning diarrhea, etc .; 4.
Overdose, rose rash, itching, dizziness, headache, temperature rise, and bleeding.
The old man said goodbye to the fat sea
There are five types of winds: the wind evils invade, that is, the cold.
At the beginning of the day, it is white and thin, and then it can turn yellow and sticky. The patient is afraid of the wind, and the tongue coating turns yellow when it is white.
Wet phlegm: invade the human body by dampness (such as living in the surrounding environment), causing dysfunction of the lungs and spleen or loss of diet. The water is wet and condensed into sputum, which is white and watery. The patient has weight and is tired orFecal embolism, thin white or greasy tongue coating.
Dryness: Because the climate is dry, dryness attacks the lungs, it is sticky and difficult to cough up or has hemoptysis. The patient feels mouth, nose, throat and other symptoms, and the tongue is thin yellow.
Chilling: cold evil sinned lungs, body fluids condensed into sputum, sputum was white, patients were afraid of cold, hi hot drinks, thin white fur or greasy tongue.
Enthusiasm: Invaded by heat evil or transformed by wind and cold evil, the yellow is sticky, the patient is afraid of heat, likes cold drink, red tongue, yellow greasy moss.
The old man is not arbitrarily used in the daily life of the fat sea, to treat sore throat, sputum, often choose licorice or fat sea.
Among them, the fat sea has a curative effect, but it is only for enthusiasm, and the old man’s cockroaches have almost no enthusiasm. Eating too much fat sea may be counterproductive.