Yilong’s worst World War II round was beaten by US special police KO

Yilong’s worst World War II round was beaten by US special police KO
People have missed, horses have stumbling.Zhuge Liang also went to Maicheng.  Like Tyson, the most fierce heavyweight champion in history, he also had the most unexpected defeat at the peak.On February 11, 1990, in the tenth round, Tyson froze by the unknown Douglas KO, arching the three gold belts of WBC (World Boxing Council), WBA (World Boxing Association), and IBF (International Boxing Federation)Concession, the opponent’s world heavyweight champion.At the time, it was said that the match was most likely a fake punch.    In fact, Yilong, a monk, also suffered a rather unexpected defeat, and some people believed that there was false boxing.    The game took place on November 14, 2010, named Wulin Fenglongsheng nine son Las Vegas in the second season, China 5 wins 3 losses 1 draw wins the foreign party.For the first time in the United States, Yilong was defeated by American police Adrian Grote KO in Las Vegas.That night, in the match against Grote, Yilong was attacked by his opponent with a punch in the second round.After this defeat, Yilong suffered huge pressure from outside.  This was a defeat without any signs. Before that, a dragon was invincible in the ring in the name of Shaolin monk.After losing that game, many people thought what happened to Shaolin Temple, so Shaolin Temple came forward to clarify that Yilong had nothing to do with Shaolin Temple.  After the opening, Yilong quickly showed a lack of basic defense concepts, and was obviously inferior to his opponents in terms of foot movement, punching strength, and resistance to attack.When Yi Long attacked with his left foot, his right face revealed a defensive gap, and the American opponent swiped his left fist gently to end the game.    Judging from the course of the game, the US SWAT’s shot and body are extremely common, and he has not used his more lethal right punch.But Yilong didn’t show the strength he deserved and lost very strangely.No wonder some netizens said: Don’t let the monks of Shaolin Temple go shameful anymore, and it’s no wonder that some boxing fans questioned it as a fake boxing.    So why did Yilong lose so miserably?The answer is not certain. Perhaps it is caused by too easy to dismiss the enemy, or it may be due to the unacceptable nature of overseas operations.  For a period of time before the game, Yilong has always been very relaxed and full of confidence in the victory of the game.On October 27, Yilong wrote on Weibo: The selection of nine warriors for the United States has been decided. Besides me, there are: Wang Hongxiang, Kang En, Xu Yan, Hong Guang, Guo Qiang, Li Ning, Lin Zhenyan, Wang Meng.      For this, boxing fans and netizens have given great encouragement and support, and Yilong also expressed gratitude.  Missing front teeth Xiaoqiang: Reply @Kung Fu Xiao Monk Yilong_h0e: Come on and win glory for the country!!  Traveler Yilong: Reply @哈你 afraid: Thank you for your support!  Zhou Shulong: Looking forward to it!Yilong, come on!    有的拳迷甚至说:切,小老外~不是一龙对手    到美国后,11月7日,一龙这样写到:拉斯维加斯(Las Vegas),美国内华达州的最大城市,世人称It is the capital of entertainment, the city of sin, the casino, the erotic paradise, etc. It is a prosperous scene built on a desert.how exactly?Seeing is better than seeing it! On November 13th, 2010, our martial arts team is united and dedicated to provide a wonderful game for the audience!    As can be seen from some of the details above, Yilong’s preparations are a bit relaxed. Perhaps coupled with the flower world of Las Vegas, Yilong’s eyes are really not enough.  Afterwards, Yilong was not convinced and had always been looking for opportunities to take revenge.Three years later, he finally revenge, but the negative impact of this defeat is difficult to eliminate.延伸阅读:一龙二番战转身鞭拳打晕播求 单拳分量已逼近泰森一龙发三番战挑战播求无回应 网友:打到跪地求饶2016武僧一龙vs泰拳王播求Video playback of the highlights of the match

Nongfushangquan’s listing in Hong Kong has caused controversy. Is it worth the money?The founder’s son appeared

Nongfushangquan’s listing in Hong Kong has caused controversy. Is it worth the money?The founder’s son appeared
Because of “fear of being misunderstood by the outside world”, Zhong Yidi has always been very low-key, but as the founder of Nongfushangquan, Zhong Yidi is difficult to have a spotlight chase.Today, Wantai Bio is successfully listed on the A-share market, and Nongfushangquan also “thinks through” and intends to go to Hong Kong for listing.many.On April 29, the Hong Kong Stock Exchange disclosed the prospectus of Nongfushangquan. Earlier, on March 17, the CSRC received the approval documents for the overseas IPO of Nongfushangquan. On March 23, it issued a notice and gave it on April 16.Written feedback.Through the prospectus, Nongfushangquan ‘s financial situation was exposed for the first time, but it also attracted many controversies.Behind the profiteering business, bottle body and packaging costs affect pricing. Nongfu Spring was established in 1996 and is a leading Chinese manufacturer of packaging water and beverages.According to the Frost & Sullivan report, from 2012 to 2019, Nongfushangquan maintained the No. 1 market share of packaging absorption in China for eight consecutive years. Based on the retail sales in 2019, Nongfushangquan was in the market of tea beverages, functional beverages and juice beverageThe shares are all in the top three in the Chinese market.As of the end of 2019, Nongfu Spring has 12 production bases, a total of 137 packaging and beverage production lines, seven fresh fruit juice extraction lines and three fresh fruit production lines.Twelve of the high-temperature production lines at Nongfu Spring can reach a filling speed of 81,000 bottles per hour.  According to the prospectus, from 2017 to 2019, the income of Nongfushangquan was 174, respectively.9.1 billion, 204.7.5 billion, 240.2.1 billion yuan; net profit margins were 19.4%, 17.6%, 20.6%.  According to the Frost & Sullivan report, the profitability of Nongfu Spring is much higher than that of the Chinese soft drink industry during the same period6.9%, 7.1%, 9.6% average profit level and 3.% in the global soft drink industry.9%, 7.6% and 8.The average profit level of 5%.From 2017 to 2019, the revenue of Nongfushangquan beverage products accounted for 40% and 40% of the total revenue, respectively.1%, 38.4%.Taking 2019 as an example, the revenues of the four main products of Nongfu Spring: packaging consumption, tea beverages, functional beverages, and juice beverages are 143 in order.4.6 billion, 31.3.8 billion, 37.7.9 billion, 23.11ppm; gross profit margin is 60 in turn.2%, 59.7%, 50.9%, 34.7%.The main raw material used by Nongfushangquan to produce bottles is PET. From 2017 to 2019, the cost of Nongfushangquan PET was RMB22.2.8 billion, 30.4.4 billion and 33.8.2 billion US dollars, accounting for 29% of its total cost of sales, 31.9%, 31.6%.In addition to PET, Nongfushangquan products also require packaging materials such as cartons and shrink films.From 2017 to 2019, the overall packaging materials accounted for 31% of the total sales cost of Nongfu Springs, respectively.4%, 31.1%, 31.5%.This means that if the prices of PET and packaging materials rise, Nongfushangquan may need to adjust its pricing strategy, resulting in a decline in the competitiveness of its products.If Nongfushangquan chooses not to increase the price, this part of the cost cannot be transferred to its customers, thereby affecting the company’s profitability.For Nongfushangquan ‘s sudden “thinking”, there are quite a lot of puzzles from the outside. After all, Nongfushangquan had received listing counseling in the A-share market for 10 years, but he always stated that he had no listing plan.Jiang Han, a senior expert from Pangu think tank, analyzed Sauna and Yewang. There are three reasons why Nongfushangquan is willing to go public: Initially, the head of the health empire built the capital empire’s necessities.”This should be a comprehensive capital operation logic of the head of Nongfu Mountain Spring. Firstly, Wantai Biological, then Nongfu Mountain Spring, and then the listing of other brands such as Kiss, Duoer Capsule, Happy Growth, etc.Establish a very clear system of listed companies, and even a holding group of multiple listed companies.”Second,” Nongfushangquan is not bad, but Yangshengtang is not.In the high profits of farmers’ springs, the low profits of Yangshengtang are in stark contrast. It is important to know that the pharmaceutical industry is a high-paying and high-return industry. In the face of the low profits of Yangshengtang itself, the best way is to meet the requirements of the Boston matrixIn order to get enough funds in the capital market to feed their own Dongjia business, the listing of Nongfushangquan has become an inevitable requirement of the Health Preservation Hall.”Third,” the competition in the beverage industry is becoming more and more fierce. For Nongfushangquan, the future will inevitably need to pay more for product innovation and marketing. Although it is not bad now, it is still necessary to plan ahead, so this is the time to go public.A good choice.”3 years of marketing costs of nearly US $ 160 billion. The contracted marketing activities of Nongfu Springs were released from several distributors to promote their products to consumers. Its marketing methods include advertising, bottle activities, variety show titles, and film and television plants.Entry, celebrity endorsement, sports event sponsorship, social media marketing and cross-industry cooperation, etc.From 2017 to 2019, Nongfushangquan’s sales and distribution expanded by 48.900 million, 52.1.8 billion, 58.1.6 billion.Officials, Nongfushangquan mainly adopts the first-level distribution model, and sells most of its products through third-party distributors. Nongfushangquan distributors may sell their products to sub-distributors.Contractual relationship.From 2017 to 2019, Nongfushangquan ‘s distribution through distributors accounted for 95% of the total revenue, 94.6%, 94.2%.As of December 31, 2019, Nongfushangquan has cooperated with 4,280 distributors, covering more than 2.37 million terminal retail outlets nationwide, of which about 1.87 million terminal retail outlets are located in third-tier cities and below.According to the Frost & Sullivan report, the number of terminal retail outlets served by Nongfushangquan accounts for about 11% of all terminal retail outlets in China.As of the end of 2019, there were more than 360,000 terminal retail outlets connected to the Nongfushangquan brand image freezer, which effectively improved the distribution of Nongfushangquan products on the brand display and shelf shelves of the terminal retail outlets, which was particularly significant in increasing summer sales.From 2020, in order to further promote the market sinking, Nongfushangquan has a three-way agreement between Nongfushangquan, distributors and sub-distributors in the township market with a small number of potential sub-distributors.These sub-distributors still purchase goods from distributors, and there are no direct products, payments or other economic exchanges between the same sub-distributors at Nongfu Spring.Nongfushangquan has limited control over the daily business activities of dealers and secondary dealers.From 2017 to 2019, Nongfushangquan signed contracts with 1,325, 995 and 489 dealers respectively.However, there are also voices in the market that are quite cryptic about Nongfushangquan’s dealer model.It is reported that Nongfushangquan is better for dealers, the reason is that “In the first half of 2019, the distributorship of a Nongfushangquan distributor from central China was replaced by Nongfushangquan, leaving hundreds of thousands of backlogs of inventory unattended.”According to reports, when the distributor accepted the related business of Nongfushangquan, the local market foundation was not good. There are many temporary and expired products on the market. It took nearly a year to slowly complete the market.The market is carrying out targeted distribution, and the distribution work is on track.Within half a year after the operation was on track, the company where the dealer was located completed 79% of the target task volume, and the criteria for selecting a dealer at Nongfushangquan is to complete more than 80% of the target task. Due to the 1% gap, last yearIn the Nongfushangquan dealership bidding, the dealer missed this year’s dealership.Regarding the dealer model of Nongfushangquan, some participants said to the sauna, Yewang, “Like other companies, Nongfushangquan mainly uses its brand power and value orientation to promote product sales, and the company has an alternative voice in front of the dealers.Because the comprehensive strength of Nongfushangquan is very strong, the company has an overlapping position in the game with dealers.”During the new coronary pneumonia epidemic, Nongfushangquan ‘s performance in December last year and the first quarter of this year were affected, with income and net profit substituting.”Affected by the new coronary pneumonia epidemic situation and related regulatory policies, the business operations of Nongfushangquan production base were temporarily suspended after the Spring Festival in 2020.Nongfushangquan has fully resumed its business operations in March 2020.The “surprise” dividend of 9.6 billion before the listing, most of them went into the “lone wolf” Zhong Zuidi pocket According to media reports, Nongfushangquan ‘s listing in Hong Kong plans to raise US $ 1 billion for continuous brand building and steadily increase the breadth of distributionAt the same level as the single store, further expand production capacity, add supplement to basic capacity building and explore overseas market opportunities.Raising funds from listing is an ordinary thing, but whether Nongfushangquan needed this money, and why making a large dividend before it became a public question.From 2017 to 2019, Nongfushangquan paid dividends to the company’s shareholders3.6.7 billion, 3.6.7 billion yuan and 95.9.8 billion yuan.With so many dividends, who is the biggest beneficiary?As of the final practicable date, Zhong Zuijing holds approximately 87% of the total share capital of Nongfu Spring.4472% equity, including about 17.8634% of direct interest and about 69 held through Yangshengtang.5838% indirect equity.Zhong Zuijing holds 100% of the total registered capital of Yangshengtang, including 98.38% direct interest and 1 held by Hangzhou Youfu, wholly-owned by Zhong Diyi.62% indirect equity.He has been in the business for over 20 years since he left the journalist industry. Zhong Dizheng has been called the “lone wolf” by the outside world.According to public information, before the founding of Nongfushangquan, Zhong Zuidi established the Yangshengtang in 1993, which started the brand of Yangshengtang Turtle Pills and Duoer Capsules.According to the prospectus, Zhong Zui is responsible for Nongfu Spring’s overall development strategy, business plan, major business decisions and directly manages brand, sales and human resources.This time Nongfushangquan is going to be listed, the sauna, and Yewang noticed that Zhong Yisui’s son also appeared in the prospectus.Zhong Dizi ‘s son is called Zhong Shu Zi. He is 32 years old this year. He received a Bachelor of Arts degree in English from the University of California, Irvine in December 2011. He joined Nongfushangquan in January 2014 and has been a non-executive director since June 2017, Responsible for providing advice on business plans, major decision-making and investment activities; from January 2020, Zhong Shu Zi will serve as the general manager of Yangshengtang Brand Center.In recent years, because of fear that his words will be misunderstood, Zhong Yizheng acted in a low-key manner and rarely accepted media interviews.This time Nongfushangquan went public in Hong Kong, there were even a lot of controversies, and the company has never responded positively.On May 15th, the sauna and Yewang contacted Nongfushangquan. The company still stated that everything is subject to the announcement.However, this still cannot prevent the outside world from paying attention to the capital layout of Zhong Di.On April 29, Wantai Bio was listed on the A-share market.As the actual controller of Wantai Biology, Zhong Zuidi directly holds Wantai 7880.05.18 million shares, accounting for 20% of the total share capital of Wantai Bio before it was issued.2053%, and indirectly holds Wantai Biology 63 through Yangshengtang.3526% of the shares.Wantai Bio is an emerging enterprise in the research, development, production and sales of military in vitro diagnostic reagents, instruments and vaccines.Wantai Bio is expected to raise 3 funds for this listing.$ 81.5 billion. It is planned to be used in the automation technology transformation and international certification projects of the chemiluminescent reagent manufacturing system, the cervical cancer vaccine quality system improvement and internationalization projects, and the expansion project of the marketing network center.The issuing price of Wantai Bio is 8.75 yuan / share, as of midday closing on May 15, Wantai Bio currently reaches 29.73 yuan / share, a single-day increase of 9.99%, corresponding to a total market value of 128.900 million yuan.Sauna, Night Net Yan Xia Editor Sun Yong proofreading Li Xiangling

Leading Intelligence Manufacturing (002600) 2019 Performance Preview Comment: The company’s operating net profit exceeded expectations plus or minus and used to create a smart manufacturing platform enterprise

Leading Intelligence Manufacturing (002600) 2019 Performance Preview Comment: The company’s operating net profit exceeded expectations “plus or minus” and used to create a smart manufacturing platform enterprise
On January 21st, the company released the 2019 annual results forecast. The estimated operating profit is 19?2.1 billion (YoY + 16.94%?+ 29.25%), net profit attributable to mother 19?2.1 billion (YoY + 379.45?+ 408.87%); Q4 net operating profit achieved in a single quarter 6?7.500 million (+180 compared to the same period last year).43%?200.54%).Company performance compensation stock gains and losses9.US $ 5.5 billion, mainly due to the company’s gradual change in stocks, which were mainly compensated for the outstanding performance commitments of the subsidiary Dongfang Liangcai.In addition, the impairment loss of the company’s assets was the transfer of Dijing Optoelectronics’ equity and related goodwill impairment (approximately US $ 1 billion). Comment: The core business of Lingyi Technology maintained rapid growth, and the company’s performance continued to improve.In the reporting year, the company’s core business segment, Lingyi Technology, is expected to achieve operating net profit in 19 years?2.5 billion (+15 compared to the same period last year).26%?25.28%) contributes to the company’s profit elasticity.The company’s operating conditions continue to improve, and the steady growth of precision functional components and structural components has benefited from the 5G replacement wave / A customer service distribution and ASP synchronization improvement / Android customers’ continued heavy volume. The company’s core performance in 2020 is expected to maintain a growth rate of more than 20%. The wave of 5G replacements helped the smart terminal market bottom out and rebound, and precision function parts managed to go up in volume and price.After reviewing the 4G replacement cycle, we judge that the 2020 Apple and Android phone camps are expected to start the first year of 5G innovative replacement. The industry’s upward trend in the next 3 years is clear. The smart terminal market is picking up, and the demand for precision functional components will grow geometrically.In the 5G era, intelligent terminals are highly integrated / complex functions (electromagnetic shielding / heat dissipation, etc.), and the internal components are required to be refined. The value of precision functional components may increase significantly.As the industry leader, some of the industry’s leading production research and development capabilities / quality customers / constant funding, the strong Hengqiang, enjoy the 5G bonus. The extension is parallel to the division, reducing complexity and simplifying, and creating a smart manufacturing platform company.In 2019, the company actively carried out business module integration and successively divested non-core businesses such as Guangdong Zhongan Holdings / Dijing Optoelectronics / Jiang Feng Hi-tech; meanwhile, listed companies fully tapped industrial synergies and laid out nanocrystalline materials business upstream; acquired XaarKang, strengthened the modular business layout downstream. After the one-time asset impairment caused by the divestiture of non-core assets, the listed company completely reorganized the original shell company’s business and dragged it down. It can fully focus on the core business.Extensions are simultaneously carried out to initially improve the blueprint for intelligent manufacturing platform enterprises. Earnings forecast, estimation and investment rating: Due to the impact of the company’s 深圳丝袜会所 asset impairment, we lower the company’s 19-year return to its parent’s net profit forecast to 19.05 trillion (previous forecast 28.8 million yuan), the net profit attributable to mothers will be adjusted to 31 in 20/21.44/39.82 trillion (the original forecast was 31.78/38.4.9 billion), 19?21 years corresponds to an estimated 46.3/28/22.1 times.We refer to the evaluation of the sector leader (Luxun Precision) and take into account the category expansion potential of the company’s manufacturing platform and the profit elasticity brought by the 5G replacement wave. Against the background of the overall expansion of the sector, the company’s goal as an industry leaderTo estimate the premium, we give the company a price-earnings ratio of 35 times in 2020 and raise our target price to 16.12 yuan, maintaining the “strong push” level. 无锡桑拿网 Risk Warning: Competition is becoming fierce, trade wars are intensifying, and production expansion is slower than expected.

Jinzhi Technology (002090): The main business focus will soon be on the ubiquitous power IoT construction

Jinzhi Technology (002090): The main business focus will soon be on the ubiquitous power IoT construction
Event: The company released its semi-annual report for 2019, which reported a combined revenue of 8%.45 ppm, a ten-year increase of 9.91%; net profit attributable to mother is 92.48 million yuan, an annual increase of 60.18%, EPS per share is 0.23 yuan. The company’s strategy is initially clear and focused on smart energy and smart cities.Beginning in the second half of 2018, the company is gradually adjusting its business areas to shift business conversion 成都桑拿网 intervals with heavier assets and less relevance to strategic directions.In December 2018, the company divested its 10% stake in Nanjing Tunnel Bridge to the Group.In the first half of 2019, the company transferred the EPC business entity Ganhua Power to Jinzhi Group, and transferred 100% of Bulgaria’s 8MW photovoltaic power plant, which brought a total of 1,774 million non-recurring income; the transfer of Zijin Trust 2A 45% stake brings a profit of 62.39 million yuan.Subsequent companies will further do business integration and promote highly focused and deeply integrated business. Profitability has gradually recovered and various operating indicators have been good.The company’s gross profit margin and net profit margin for the half year of 2019 were 39.42% and 7.42%, up 7 each year.72 points and 0.3 pounds, the product gross profit margin is 39.33%, an increase of 2 over the same period in 2018.99 carats.The expense ratio is basically stable. In the second quarter of 2019, the three expense ratios totaled.25%, a decrease of 8 from the same period in 2018.37 points.As the company divested its assets to focus on its main business, the scale of assets declined, but the asset-liability ratio decreased by 10 compared with the same period last year.18%, the future financial expense ratio is still expected to further decline.In 19H1, the company’s cash revenue accounted for 101%, and its cash flow situation has improved significantly compared to the same period last year. The net cash flow from operating activities turned negative. The flood of power IoT construction will bring new opportunities for the company’s development.State Grid in March 2019 proposed a comprehensive deployment of ubiquitous electric power IoT construction, a two-step strategy, and plans to fully build ubiquitous electric power IoT by 2024.2019 will be the first year of launch. The annual construction plan has been initially issued. There are 57 major construction tasks proposed from six internal and external sources, of which 27 will be promoted in 2019.The company’s substation comprehensive automation, power distribution automation, line monitoring, inspection robots, information and communication infrastructure and other related products and businesses are all ubiquitous in the induction layer and network layer of the electric power Internet of Things, and are expected to usher in new opportunities for development.In addition, the company is actively deploying ubiquitous electric power IoT application scenarios, and has successively cooperated with State Grid Jiangsu Integrated Energy Service Company and Daquan Group to expand the ubiquitous electric power IoT integrated energy service application.According to the research of the State Grid Energy Research Institute, from the perspective of the integrated energy service basic business and terminal energy demand, the potential scale of the integrated energy service market can reach USD 500-600 billion by 2020. The company’s new generation of intelligent terminals has been successfully researched and developed, and made a good technical and product reserve for full participation in ubiquitous construction.The intelligent distribution transformer terminal is used to realize the measurement, communication, protection, fault location, isolation and power recovery of the switching network, distribution transformer monitoring data analysis, operation and maintenance, etc. The products include DTU, FTU, TTU, fault indicators, etc.According to the deployment of the State Grid Corporation of China, starting from 2019, with intelligent distribution transformer terminals as the core, an integrated monitoring and control system for low and medium voltage based on the Internet of Things will be built to significantly improve the overall coverage of the intelligent distribution station area.In the first half of 2019, the company’s self-developed new-generation intelligent switch terminal iPACS-5612T based on Huawei’s domestic chip and edge computing architecture was successfully developed and successfully won the bid in the North Hebei Power Grid.The construction of the “Internet” has laid a solid foundation. Investment recommendation: Maintain the investment rating of Buy-A, with a 6-month target price of 15.00 yuan.We expect the company’s revenue growth to be 4 in 2019-2021.3%, 6.0%, 13.3%, net profit growth rate was 66.9%, 64.1%, 27.7%, EPS is 0.38, 0.62, 0.80 yuan.Maintain BUY-A investment rating with 6-month target price of 15.00 yuan. Risk warning: The spread of the State Grid is slow in the advancement of the Internet of Things; the company’s internal business integration is weak; the progress of smart terminal bidding is gradually expected or the competition is too fierce.

Conch Cement (600585): Weak earnings cyclical verification estimates expected revaluation

Conch Cement (600585): Weak earnings cyclical verification estimates expected revaluation

This report reads: The company announced its 2019 Interim Report, and the company once again proved its “weak cycle” attribute with beautiful statements and maintained its “overweight” rating.

Investment Highlights: Maintain “Overweight” rating.

In the first half 武汉夜网论坛 of 2019, the company realized operating income of 716.

4.4 billion, an annual increase of 56.

63%; net profit attributable to parent company is 152.

60 ppm, an increase of 17 in ten years.

91%, earnings per share 2.

88 yuan, in line with market expectations.

We maintain EPS6 for 2019-2021.

32, 6.

76, 7.

12 yuan with a target price of 54.

52 yuan unchanged.

In the second quarter, where the production and sales volume was the best in history, the scale of the trading platform expanded.

2019H1 company achieved sales of cement clinker2.

2 billion tons, an increase of 41.

55%; self-product sales 1.

4.6 billion tons, an increase of 6.

00%.

We judge that the demand for the early-stage land chain in the second half of the year is still the most deterministic, while the relatively weak infrastructure in the first half of the year gradually promoted the gradual consolidation of new special claims and strengthened.

Q2 profit maintained the best level in history.

We estimate that the average production price of the self-produced and sold parts of Conch in 2019H1 is 333 yuan / ton, a continuous increase of 16 yuan / ton; gross profit of 157 yuan per ton, which gradually increases by 17 yuan / ton; net profit of ton is 103 yuan / ton, which is gradually increased by 13 yuan/Ton.

Among them, Q2’s average ex-factory price is about 341 yuan / ton, with a month-on-year increase of 17,17 yuan / ton; gross profit per ton of 162 yuan / ton, a period of time increase of 12,15 yuan / ton; net profit per ton is about 110 yuan / ton.The chain has increased by RMB 11,16 / ton several times, and the profit has maintained the best level in the history of developing countries. It is a model cash cow report.

Since Q1 2017, Conch has entered a state of net cash and terminated 2019H1 with a total interest resistance of 101.

1.5 重庆耍耍网 billion; cash in hand reaches 360.

98 ppm, an increase of 111 per year.

5.1 billion.

The company turned negative from 18Q2 financial expenses and 19H1 financial expenses were -6.

3 trillion, the total asset-liability ratio is about 19%, a sharp decline of more than 3 pct over the earlier period.

Conch’s cash cow status continued to appear, and the company’s asset structure continued to optimize.

Risk warning: raw material prices rise, macroeconomic decline

Nanwei Software (603636): The core entrance of government big data

Nanwei Software (603636): The core entrance of government big data

Rapid profit growth.

The company’s semi-annual 四川耍耍网 report for 2019 achieved revenue4.

64 ppm, a 68-year increase of 68.

29%, attributable to the profit of 2448.

240,000 yuan, a slight increase of 2 every year.

10%, net profit after deduction is returned to mother 1842.

640,000 yuan, an annual increase of 75.

4%.

Operating cash flow-2.

7.3 billion, previously improved.

In terms of business and product, the company achieved revenue in the first half of the year from Internet + government1.

850,000 yuan, an increase of 137 in ten years.

84%, gross margin 42.

58%.

Urban Public Safety (Safe City) Revenue 2.

660,000 yuan, an increase of 86 in ten years.

28%, gross margin 25.

25%.

Smart city business revenue is 0.

5.0 billion, gross profit margin 63.

04%.

IoT business revenue is 0.

04 trillion, gross margin 71.

52%.

In the first half of the year, the company’s management expenses were zero.

72 ppm, an increase of 54 in ten years.

12%, selling expenses 0.

350,000 yuan, an increase of 78 in ten years.

57%.

Looking at Q2 alone, revenue grew 61 in ten years.

34%, attributable profit increased by 34 in ten years.

08%, a 10-year increase of 38.
.

50%.

Pre-bid the smart Zoucheng (Phase 1) PPP project.

The company announced on August 16 that the company became the first pre-winning candidate for the Smart Zoucheng (Phase 1) PPP project.

The total investment of the project is estimated to be 17,731.

50,000 yuan, 3% of the project cost is down-sampled, 6% of the annual discount and reorganization during the operation period, and a reasonable profit rate of 8%; 10 years of operation period, the annual operation and maintenance fee is 8.4 million yuan.
This pre-bid is an affirmation of the company’s construction in the field of smart cities, which is beneficial to the company’s further accumulation of smart city business experience and the expansion of smart city comprehensive development business.
The company is a core backbone enterprise in the domestic “digital government” industry, and a leading enterprise in the “Internet + government” field. It has formed government services, e-licenses, government supervision, government terminals, government supervision, government affairs big data, and government affairs.7 major product systems and nearly 50 standardized products.

The product solutions of Internet + government services cover 30 provinces, more than 170 prefecture-level cities, and counties and grass-roots governments across the country, providing strong support and guarantee for the advancement of “decentralization and management service reform” work in various places.

The company ‘s innovative Zhejiang “runs at most once”, Jiangsu “does n’t meet and approve”, and Henan ‘s “one netcom office gradually runs the biggest one step by step”, Fujian ‘s “all netcom office” has become the industry benchmark.

Driven by the widespread application of “Internet + government services, Internet + supervision, e-licenses” and “big data”, the speed of local government informatization construction has accelerated, and local “digital government” construction plans have been promulgated, coupled with the government since 2018The institutional reform has been basically completed so far, and the integration of institutional departments has added a lot of demand for government informatization.

According to the Prospective Industry Research Institute’s statistics, from 2015 to 2018, the size of the domestic government industry gradually expanded by more than 15% each year.

The company predicts that the size of the national digital government market in 2019 will reach US $ 350 billion, and it is expected that in the next 5 years, it will maintain a steady growth rate of more than 13%, and the industry will continue to boom.

Fully integrate industrial resources.

In January 2019, the company obtained a strategic investment in Ant Financial, and Ant Financial became the company’s second largest shareholder.

The company and its holding subsidiary Fujian Nanwei Software Co., Ltd. signed a “Business Cooperation Agreement” with Ant Financial, Beijing Ant Cloud Financial Information Service Co., Ltd., integrated technology innovation research and development, and joint business development to help the company accelerate its development.

In February 2019, the company invested RMB 50 million in Sifang Weiye to realize the in-depth integration of big data technology and industry, expand new business and market space, promote vertical integration of the industrial chain and increase market competitiveness to increase the scale of the industry.
The issuance of convertible bonds was completed on July 19, 2019, and it was officially listed on August 5, 2019, raising funds6.

6 billion.

The raised funds will be used for the construction project of the intelligent “decentralized service” integrated platform, the construction project of the public safety management platform, and the construction project of the urban communication platform.

The implementation of fund-raising projects will greatly enhance the intelligence and intelligence of the company’s existing products and services, help to strengthen the company’s core competitiveness, and provide sufficient funding for the company’s scientific research strength and business development.

Earnings forecasts and investment advice.

We believe that the company is a leading enterprise of “Internet + Government” and a government big data portal.

Ali’s shareholding and the company jointly tap the value of government data.

We estimate the company’s net profit attributable to its parent to be 2 in 2019-2021.

3.4 billion, 3.

1.4 billion, 4.

11 trillion, combined with the company’s rapid growth in the future, will give dynamic PE 30-35 times in 2019, and a reasonable value range of 6 months is 13.

20-15.

40 yuan, given “preliminary market” rating.

risk warning.

The advancement of Internet + government affairs fell short of expectations, and bad debts and cash flow of receivables deteriorated.

Macron is not sure that the UK and Europe will negotiate within the year

Macron is “not sure” that the UK and Europe will negotiate within the year
French President Emmanuel Macron said on the 22nd that he is “unsure” that the British-European Union trade negotiations can be concluded before the end of the year.At the same time, the Office of the British Prime Minister made a statement, saying that the British side aimed at “Canadian model”, which has been repeatedly rejected by the European Union.  The first round of the UK-Europe trade talks officially announced that antique, fisheries and fair competition clauses scheduled for March 2 in Brussels, Belgium are difficult to negotiate.  ”I am not sure that the agreement can be reached now and by the end of the year,” Macron said at a meeting in the 杭州夜网 fisheries sector in Paris, France on the 22nd.”Frankly, fishing rights are a key part of the negotiations.”(British) is very tough and negotiations will become more difficult.”The United Kingdom formally left the European Union on January 31, and then entered the” Brexit “transition period. By the end of the year, trade with the European Union will maintain the status quo.The two sides hope to reach an agreement on bilateral cooperation in trade, security and other fields before the end of the transition period.  The European Union ‘s sovereignty is putting forward its own requirements on the terms of cooperation, and France is particularly tough. Leading countries have publicly announced that they will continue to fish in British waters.The British side hopes for full autonomy and restricts EU fishermen.  Agence France-Presse reports that 30% of French fishermen’s fishing income comes from British waters.French officials warn that if EU ships are barred from entering British waters, France will ban the EU from banning British sales of catches on the European continent.  The British government is scheduled to sign a document on the 25th to clarify the target framework of the British negotiations.The British Prime Minister’s Office issued a statement on the 22nd: “The UK has repeatedly reorganized and the UK hopes to negotiate a (trade) agreement like Canada.The statement said that the internal goals of the British government are consistent.Under the rankings, the EU process is constrained by “indecision and procrastination caused by the competition among various stakeholders.”The European Union originally intended to finalize the framework on the 11th, but this deadline has long passed, and its replacement is still arguing over budget issues.  The 10-year Comprehensive Economic and Trade Agreement between the European Union and Canada in October 2016 effectively reduced the tariffs on goods trade between the two sides.Michel Barnier, the EU ‘s chief negotiator in charge of Britain ‘s “Brexit” affairs, has repeatedly appeared, and Britain cannot reach a similar agreement with the EU.  Following EU official regulations, trade agreements reached between the EU and third parties are determined based on factors such as distance, trade level and closeness.The European Union made 197 billion euros in imports from Britain in 2018, almost 天津夜网 10 times more than imports from Canada at the same time.(Chen Lixi) (Xinhua News Agency Special Feature)

Rear of the chest

Rear of the chest

[Operating method]There are two operation methods of chest traction method: 1.
Spinous process, a forearm bypasses from the patient’s upper jaw to support the patient’s contralateral arm, and makes it lean back. The surgeon’s hand resisting the spinous process while pushing hard.

  2.The thoracic spine resists the reduction. The patient is seated, his hands are placed in the cross and buckled. The surgeon holds the lower part of the forearm of the patient and uses the knee joint to press the spinous process that needs to be pulled.Move.

  [Function and application]This method has the effect of smoothing the joints and correcting the anatomical position, and can be used to treat back pain and thoracic spine joint disorders.

Make good use of folk remedies

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Make good use of folk remedies

Blood is one of the most precious substances in the human body. It supports the internal organs, fur and bones of the external organs, and maintains the normal functional activities of the tissues and organs of the human body. It enables the eyes to see, the feet to walk, the palms to hold, the fingers to pinch, and the mind.Clear, abundant oxidants, these are the functions of blood.

If the blood is deficient and cannot nourish the human body, the complexion is unclear, the vision is weakened, the vision is blurred, the eyes are dry, the joints are ineffective, the limbs are numb, the skin is dry, itchy, abnormal, vertigo, headache, dizziness, insomnia, etc.Obviously blood.

  The method of tonifying blood is applicable to people with blood deficiency.

Not blood deficiency, this method cannot be used.

The so-called blood deficiency, that is, insufficient blood, is often reflected as systemic blood rupture, or the weakening of the nutrition or moisturizing effect of blood on some parts of the human body.

Clinically, the main symptoms are pale and pale, pale lips, dizziness, pale tongue, weak pulses, women’s menstrual flow, derivative periods and even amenorrhea.

  [方一]  牛乳250克,粳米100克,白糖适量。Before the rice was washed, put it in a pot, add water, and cook until half cooked, then add milk, cook until porridge, and mix with sugar.

  This side has a large tonic effect.

Suitable for weak strain and thin body.

  This prescription comes from “Distinguishing Disorders of Diet”, “Compendium of Materia Medica”, etc. The original prescription is used for “large tonic yin and blood” and “easy for the elderly”.

If the long time is lost to the tune, or the long-term disease is lost to the treatment, the viscera collapses, and the yin and blood are deficient, then you will see the damage.

Fang Zhong is mainly based on milk, flesh and blood products, which can supplement yin and blood, and benefit from deficiency; supplementing the previous ones to supplement the power of milk, the formula can be used to supplement yin and blood.

The nourishing power of this crystal is especially suitable for severe damage.

  This product is nourishing and nourishing, and it is not suitable for those who drink spleen and stomach with cold and diarrhea and phlegm and damp water.

  [方二]  鲜乌贼鱼肉250克,桃仁15,克,黄酒、酱油、白糖各适量。Rinse the cuttlefish and cut into strips.

Wash the peaches and peel them for later use.

Put the squid fish into the pot, add peach kernel, water, boil over high heat, add rice wine, soy sauce, sugar, and cook over low heat until cooked.

  This side has the effect of nourishing and regulating menstruation.

For blood deficiency and amenorrhea.

  This recipe is from Luchuan Materia Medica. The original recipe is used for “women’s amenorrhea”. It is a representative party for treating blood deficiency and amenorrhea.

The main ingredients in the recipe are cuttlefish and flesh. The flesh and blood are sentimental products, which can nourish blood and regulate menstruation; supplemented by peach kernels, promote blood circulation and regulate menstruation.

The two are combined, one is to nourish menstruation, the other is to nourish menstruation, and the main is to nourish menstruation, so it is suitable for amenorrhea with blood stagnation and blood stasis.

  ”Tang Yao Experience Fang” uses squid fish to cook on its own side and cook with lotus root. The power of activating blood circulation and regulating menstruation is enhanced. The original recipe is “postpartum blood closure”.

  Pregnant women should not eat.

  [方三]  鲜桑椹1000克,糯米500克。Wash the fresh mulberry juice (or use 300 grams of dried juice to remove the residue), cook the medicinal juice with glutinous rice, put it into glutinous rice and dry the rice, wait for the cold, add the right amount of koji, mix well, and ferment into a wine.

  Serve daily with meals.

Applicable to liver and kidney yin deficiency and thirst, constipation, tinnitus, dark eyes, sickness, joint discomfort and other symptoms.

Mulberry has strong yin and nourishing blood, supplemented with glutinous rice to replenish qi and improve efficacies.

  [方四]  羊乳250克,羊脂60克。Goat milk and goat fat are put in a pot and cooked for grazing.

  This side has tonic effect, Yijing blood effect.

Suitable for sloppy and tired.

  This recipe is from “Therapeutic Materia Medica”. The original recipe is used to “tonify kidney deficiency and also lead to stroke”.

For a long time, the body is debilitated, the internal organs are worn out, and the essence and blood are deficient.

In the formula, goat milk is mainly used to supplement the deficiency of labor and benefit the essence of blood; supplemented with sheep fat, tonic and moisturize to help the goat’s milk nourish, and used together to make the deficiency of deficiency and benefit the essence of blood.The power of this crystal tonic and moisturizing is allowed, especially suitable for those who are tired and thin and withered skin.

  This crystal is warm and tonic, and it is not suitable for those with unclear external sensation and those with phlegm and fire inside.

  [方五]  猪里脊、粳米各50克,花椒、食盐、茴香、香油皆适量。Wash the tenderloin, chop into minced meat, mix with salt, pepper, fennel, sesame oil, and set aside; before cooking rice porridge, add the above ingredients when the porridge is ready, and cook until the meat is rotten; twice a day.

  The pork loin is the lean meat on the back of the pig’s spine, which is replaced by connective tissue. It is thin, tender, soft, and has no fishy smell.

Contains about 20% protein, and can add B vitamins and iron, a small amount of about 8%.

  According to ancient Chinese medicine records, pork is sweet and salty, and has the effects of nourishing yin and moisturizing.

“Compendium of Materia Medica” states: “Pork has a long-lasting taste, freshness of the stomach and intestines, refreshing fluid, abundant body, and smooth skin.

“” Suishuiju diet spectrum “said:” Bushen fluid, stomach juice, nourish liver and kidney, emollient.

“In the formula, pork loin nourishes yin and blood, and moisturizes the skin. Previously, rice was used to strengthen the spleen and qi, and pepper and fennel were both seasoned and tonic.

The whole side nourishes yin and blood, replenishes qi and boosts qi.

  People with phlegm-dampness should not take it.

  [方六]  鲜牡蛎250克。Wash it, marinate it with rice wine, salt, onion and ginger for half an hour, then take it out and cook it on the fire.

Serve with a meal.
  The health benefits of oysters have long been inscribed.

A book on Compendium of Materia Medica in the Ming Dynasty of China stated that oysters “have a sweet, warm and non-toxic smell.

Cooking, treating deficiencies, and adjusting . It is said that food is beautiful, shocking skin, beautiful.

“Ancient Japanese books also record oysters” Gan Wen, non-toxic, remove heat from the spleen and stomach, perspiration, quench thirst, hangover, nourish yin and nourish blood, and have a long-term skin tenderness.

“The beauty of oysters comes from the nutrients it contains, including protein, sugars, unsaturated fatty acids, vitamins and trace elements zinc, copper, iodine, and selenium. They can not only strengthen and strengthen the body, but also have a health-care effect on the skin.

  Although oysters are nutritious, it is difficult for people far from the sea to eat oysters.

In order to benefit more people, Chinese and Japanese scientists jointly developed “oyster extract”.

“Oyster extract” is extracted from the active ingredients in oysters through advanced technology. It retains the nutrition of oysters and makes them more easily absorbed by the body.

  [方七]  猪皮500克,黄酒、大蒜、生姜、酱油、食盐皆适量。Remove the pig skin, wash it, cut it into long strips, put it in the pot, add an appropriate amount of water, green onions, ginger, rice wine, stew the pork skin with a small fire and add salt and soy sauce when it is cooked.You can cease the fire at any time, pour it into a bowl, and refrigerate for later use.

For serving.

  Pig skin is sweet and cold, nourishing yin and clearing heat, and is traditionally used to relieve dumbness caused by the evil heat of Shaoyin and kidney.

Primarily used for moisturizing and beauty.

  The collagen tissue of pig skin is refined, and gelatin is added. It is an animal protein similar to the collagen structure of human skin. Its molecular weight varies and is easily absorbed by the human body. This glial protein can increase skin elasticity and delay relaxation.The role of skin aging.

Pig skin needs to be used continuously for a long time to produce better emollient effect.

  Relevant units extracted degraded proteins from pig skin and developed a series of skin care crystals.

Skin tests show that they have no irritation or replacement, are easily absorbed by the skin, moisturize the skin, and have a significant antipruritic effect; can repair and promote wound healing, reduce pigmentation, and make the skin smooth, white, delicate and elastic, Wrinkles become lighter.

Combs have these functions

Combs have these functions

A good comb is equivalent to a scraping board, which has the function of tidying hair, as well as the effect of massage and health, preventing diseases.

But “combing” to manage health, persist in it, and see results in a long time, it is by no means a matter of time and night.

  What are the functions and effects of combs?

  1, combing hair refreshing ancient health homes called “fayi combing,” because the body’s twelve meridians and eight odd meridians and eight veins converge on the head, reaching dozens of points.

Combing your hair often can stimulate them, unblock menstruation, improve blood circulation, nourish hair, prevent hair loss, and relieve headaches and fatigue.

The best time to comb your hair is in the early morning, first from front to back, then back to front, left to right, then right to left, and so on. Replace it in cycles, combing ten to a hundred times.

Or use the tip of the comb teeth to tap lightly for 5-10 minutes. After that, comb your hair again.

  2, comb back to prevent back pain Many white-collar workers sitting in the office from day to night, easy to back pain, especially vest vest, I always feel that what should be used to withstand the hard, pain to treat pain only feel comfortable.

As the saying goes, “the general does not hurt, the pain is unreasonable.” This is because muscles tend to be stiff and blood circulation is not smooth after sitting for a long time. Therefore, if you often pat the hips or massage the hips with the comb or handle, you can massage the acupuncture point.To promote blood circulation.

  3. Comb-neck prevention cold has a Dazhui acupoint above the human body, which is located at the lower end, called the lower depression of the seventh cervical spinous process.

If the skeletal bones are not obvious, you can move your neck first. The unmoved joint is the first thoracic spine, which is about flush with the shoulder.

Combing back with a comb or handle often can prevent colds, acute diseases, cervical spondylosis, etc.

  4. Combing your hands and strengthening your body According to the TCM meridian theory, among the twelve most important canons of the human body, there are 6 related to the hand and 23 related acupoints. Therefore, there are also 34 extra-menstrual points on the hand, of whichThe more important acupoints are Laogong acupoint, Yuji acupoint, Shaofu acupoint, etc. Massage or press these acupoints can almost cure systemic diseases.

To use a comb to comb your palms, first choose a round-headed comb, not a sharp comb, to avoid scratching your skin.

Then, apply a layer of skin care oil on the palm to achieve the effect of lubricating the comb and the palm.

Finally, start combing your palms in order, combing from top to bottom, then horizontally from right to left, and then combing clockwise once, and the other way around.

Daily adherence to massage can achieve the purpose of strengthening the body and curing diseases.

  What should I pay attention to when buying a good comb?

  First of all, it depends on the density of the comb. The denser the hair, the greater the gloss.

First, look at the material of the comb.

There are wooden, plastic, rubber and aluminum, but the effect is almost the same.

However, you must use a metal comb for wigs.

Also look at combing hair.

The damage to the hair is caused by animal hair, preferably pig hair. Plastic or nylon materials are likely to cause static electricity, and will also cause hair knots and damage to the hair scales.

Finally, pay attention to the comb teeth.

If you choose to have the original particles wrapped in the front end, do not choose the sharp ones, which will hurt the scalp, so the rounder the better, and the effect of massaging the scalp.

  Various combs are introduced as generous combs: they are used to smooth the hair when it is suitable for dry hair.

  Round bristle comb: can straighten hair, or blow out a little arc.

Please pay attention to blowing and rolling while combing.

  Semi-circular bristle comb: strong pulling force, can tightly grasp the scalp, suitable for people with slight natural curls to straighten their hair, and when they want to blow their hair out of the curve.

  Round bristles for straight blowing: Because of its high density and strong pulling force, it can be used to blow straight. Generally, the density will increase, and the hair will be brighter. If the density is looser, the hair will not be shiny.