Zhou Xun’s short film Daughter also values Spring Festival

Zhou Xun’s short film “Daughter” also values “Spring Festival”
The mobile phone shoots the promotional video, and the two people said that after “What is Peggy”, the marketing method of the Spring Festival is more important to family relationship. On January 11, the 2020 Chinese New Year short film “Daughter” launched by Apple was launched. 11 Pro phone shooting, depicting the story of a single mother played by Zhou Xun carrying her daughter in a taxi.After the short film went online, the mother and daughter’s affection in the story instantly poked the audience’s heart, which caused heated discussion.  This is the third year in a row that Apple has launched a short film shot with the latest Apple phone before the Spring Festival.In the recent Spring Festival, both the film company and various businesses have made every effort to publicize.Last year ‘s Spring Festival film “Little Pig Page ‘s New Year” short film “What a Prelude to Humor and Tenderness”, this year ‘s Spring Festival ‘s “Jung Mom” released several family-themed themed posters in advance.The core, comedy as the carrier, precisely hit the traditional emotional theme of the Chinese New Year in the “family celebration”.The moving and affectionate short film of Apple ‘s story is a lesson for traditional marketing companies who only send materials and run road shows.Sauna, Yewang interviewed some marketing people in the movie and talked about the marketing methods of Apple and other companies playing warm cards before the Spring Festival.  Story: Adapted from a real prototype, set in Chongqing, this is Apple ‘s filming of Chinese New Year short films in Chongqing for three consecutive years. The daughter Theodore Melfi said that he chose Chongqing because he thinks Chongqing is a story.The city is not bright and beautiful, there are many places where there are ordinary grounds, and there are many energetic manpower.The director himself grew up in Brooklyn, New York, and Chongqing reminded him of his hometown of Brooklyn.The short film is based on a true story. A single mother in Wuhan took her daughter Yiyi to drive a taxi when she was six months old. The daughter is now five and a half years old.Yiyi has already seen the short film on her mobile phone, saying that the story of her mother and daughter is the true experience of her and her mother.  The entire short film was filmed for about 5 days. There are 10 Apple filming devices fixed by the crew. However, because many staff members have their own Apple mobile phones, there are about 20 Apple devices actually involved in the filming.The final editing took three weeks.  Spreading: The short film suitable for playing the warmth card before the Spring Festival describes the stories of three generations. The taxi driver played by Zhou Xun encountered little understanding when driving a young daughter in a taxi.It was stiff, but in the end, the mother and daughter chose to forgive each other. The film ended with the warmth of the three generations meeting in the car to eat dumplings during the Spring Festival.  Ye, manager of traditional military film marketing, said that Apple ‘s hand is extremely accurate in terms of timing and marketing point of short film marketing, and it is particularly suitable for the situation. And the short film is also particularly suitable for mobile phone transmission, which is easy to sink to three.Fourth-tier cities.This kind of propaganda strategy that is friendly to the people is very suitable for the time routine before the Spring Festival.”Last year’s Chinese New Year stalls animated film” Piglet Paige New Year “made a promotional video of” What is Paige “before it was released, and it burst into a circle of friends for a time, triggering a very large-scale discussion.In the view of Manager Ye, although the final word-of-mouth of the animated film suffered bad reviews, “What is Page” also has suspects of over-marketing, but it is undeniable that this is a successful marketing case.而将在今年大年初一上映的喜剧影片《囧妈》,早在2019年12月下旬放出‘你还记得上次拥抱妈妈是什么时候’的预告片,还公布‘妈妈觉得你……’主题的系列海报,令观众在收获满满的笑料之外,还能对‘亲情关系’产生更深刻的理解。”Apple’s marketing has also taken this path of closeness to the people. From the” Three Minutes “filmed by Director Chen Kexin with iPhone X in 2018, to the” A Bucket “filmed by Director Jia Zhangke with iPhone XS in 2019, to Apple this year”The Daughter” filmed by Theodore Melfi, the director who was nominated for the Academy Awards, invited these three short films from different angles. Through the story of the heart, sincere emotions, every time before the Spring FestivalSuch a special time routine, with a strong family theme, accurately hits our understanding of “home”.At the same time, the theme movie “Warmhearted” is used to emotionally shift the “not close to people” at the price of the latest mobile phone release each time, which can be regarded as an excellent publicity for the integration of the Apple brand corporate culture.  Writing / Sauna, Night Net Teng Chao

Beijing Culinary Association’s recommendation: the length of public chopsticks is divided, the seats are retreated, avoid face to face

Beijing Culinary Association’s recommendation: the length of public chopsticks is divided, the seats are retreated, avoid face-to-face
Beijing Municipal Bureau of Commerce issued guidelines for the operation and service of catering service units during the epidemic.Version 0 requires that the table space should be more than 1 meter, and the diners are not allowed to eat face-to-face. Customers with a meal “one dish, one chopsticks, one soup, one spoon” or “one person, one chopsticks, one person, one spoon”, a restaurantActively promote the meal sharing system.On March 15th, Beijing Culinary Association and relevant experts of Beijing Food and Beverage Industry Association said in an interview with Sauna and Yeenet that public chopsticks and public spoons are worth promoting. The color and length of public chopsticks and self-use chopsticks should also be different.Liu Yuchi, executive vice president of the Beijing Culinary Association, told the sauna, Yewang, that the meal-sharing system is common in many large restaurants and banquets in restaurants, but the larger restaurants use public chopsticks and spoons.“我在长期的观察中也注意到,之前客人很容易出现把公筷和自用筷‘用混了’的情况,所以推行公筷、公勺的使用时,除了在颜色上有所区分,建议Make the male chopsticks longer, so that the male chopsticks are convenient when they are picking vegetables, and when they are not convenient for themselves, they can be distinguished naturally.”Liu Yuchi also believes that the” one dish and one chopsticks, one soup and one spoon “method is also a good way for diners to develop the use of common tableware, whether it is promoted by restaurants or used by customers, it is more convenient and good.Black habits are also easier to develop.Regarding the controversial “diners should not eat face-to-face,” He Baogui, secretary general of the Beijing Food and Beverage Industry Association, believes that this is a measure to ensure the release of safety under the epidemic.To cooperate from the perspective of self-protection.”One table and one guest, sitting on the same side, sitting in an oblique position, or removing the flipped chair and leaving it upright are all available methods.Catering companies should understand correctly, execute flexibly, and gradually let go of dine-in meals while ensuring safe reservations.”Sauna, Ye Wang Wang Ping editor Li Yang proofread Liu Jun

Changyuan Power (000966): Power generation growth improves profitability, expects Haoji Railway to release coal price elasticity

Changyuan Power (000966): Power generation growth improves profitability, expects Haoji Railway to release coal price elasticity
The company released its 2019 Interim Report.In the first half of the year, it achieved operating revenue of approximately 3.4 billion, with an annual increase of 17.74%; net profit attributable to mother is about 2.55 ppm, a year-on-year increase of 955%, in line with Shen Wanwanyuan’s expectations. Key points of investment: The improvement of power generation efficiency and the decline in coal prices have driven continuous high growth in the first half of the year.In the first half of the year, the manufacturing industry in Hubei Province and the high-tech industry grew rapidly, driving a continuous high growth in the demand for electricity and the increase in electricity consumption.83%, higher than the national average of 3.83 averages.Due to the dry up of incoming hydropower in Hubei Province in the same period, hydropower output decreased, and thermal power supply increased.The company completed 88 generations in the first half of the year.4.4 billion degrees, an increase of 16 in ten years.34%.The increase in electricity sales has driven annual revenue growth of 17%.74%.In the first half of the year, the company’s integrated standard coal price was 747 yuan / ton, a continuous decline of 32.42 yuan / ton, down 4 before.16%.Due to the decline in coal prices, the gross profit margin of the power business decreased and increased7.22 single companies, the company’s net profit attributable to mother increased by 955% every year.Increasing power generation and falling coal prices have resulted in a net increase in operating profit of approximately 2.900 million.In the first half of the year, the sales quality could be improved, and operating profit increased by approximately 10.8 million yuan. The Haoji Railway (formerly the Menghua Railway) is expected to open to traffic in 10 months, and it is expected that the elasticity of coal price performance will be further released.Central China is the region where thermal power companies have suffered the most since the coal supply-side reform. High coal prices are mainly due to poor transportation, limited capacity of the State Railway, and the proportion of Haijin River transport increasing year by year.The Haoji Railway is expected to start production in October this year, which is expected to completely reshape the coal supply and demand pattern in central China.The initial capacity of the plant is 6000 years / year. Based on the construction progress of the dredging project, we judge that it will be mainly put into Hubei Province. According to the calculation of 50% capacity, it can replace 60% of Haijinjiang coal in the province.At present, the freight of Shaanxi-Mongolia coal into the river through the sea to Hubei is more than 300 yuan. We estimate that the transportation cost can be reduced by 60-80 yuan / ton through the Haoji Railway. The company and Shenhua Group belong to the National Energy Group and belong to the adjacent Haoji Railway, which is expected to take the lead in enjoying the dividends brought by the reduction of freight rates. Emerging manufacturing has driven Hubei’s power demand to maintain a high growth rate, and the company tried to continue to climb by using hours.We believe that Hubei Province is committed to the advantages of rapid development of manufacturing to maintain a high growth rate of electricity demand.From January 深圳桑拿网 to July, electricity consumption increased by 7.49%, higher than the national average of 2.87 units.In July, Hubei’s manufacturing power consumption increased by 10 per year.35%, among which the traditional chemical, black, non-metallic mineral products and other industries have seen steady growth in electricity consumption. The emerging computer communications and other electronic equipment manufacturing industries have continued to grow at a rapid rate of about 40% this year.Every July in Hubei Province, hydropower generation fell by 10.07% (excluding the Three Gorges).That month, Hubei Province’s thermal power generation 138.At 7.4 billion kilowatt-hours, the single-month power generation reached a record high and a ten-year high growth.33%.Thermal power generation accounted for 63% of the entire society’s electricity consumption that month.86%, the main main supporting role of guarantee supply.The power supply tension that lasted until August, including the thermal power unit inside the reserve peak shaving unit, was also fully operational. Earnings forecast and estimation: With reference to the results of the interim report, we maintain the company’s net profit forecast for its mother company for 19-21 to 6.53, 8.72, 9.41 trillion, the current sustainable corresponding PE is 9, 7, and 7 times.The company is a potentially definitive target for the commissioning of the Haoji Railway, and Hubei Province ‘s high-speed power consumption growth promotion belt promotes the continuous improvement of power generation efficiency and maintains a “Buy” rating.

Lianchuang Electronics (002036): High-quality optical lens is taking off soon

Lianchuang Electronics (002036): High-quality optical lens is taking off soon
Report summary: smartphone camera lens is expected to take off 1) layout of 青岛夜网 smartphones is expected to break through the volume: the number of cameras and functions are constantly upgraded, it is expected that the global smartphone camera module market size will increase to 251.2 billion in 2021, CAGR of 15 in the next 4 years.5%.Optical lens barriers are high, and mass production capacity is an important investment judgment criterion.The company has developed in the field of smartphones for 4 years. From the early stage, it has supplied smartphone lenses and camera modules in batches to ODM customers such as Huaqin, Wingtech, and Longqi. So far, it has surpassed the first-tier mobile phone manufacturers of Samsung and Huawei and is expected to achieve a large numberBatch concentration. 2) Glass-plastic hybrid lens is expected to achieve cornering overtaking: The company has been cultivating glass 杭州桑拿网 lenses for many years and has advantages such as aspherical molded glass. The independently developed glass-plastic hybrid lens has become the core supplier of collimating lenses for 3D sensing of Huawei Mate20.With the growing demand for thin and light mobile phones, glass-plastic hybrid lenses are expected to become one of the main camera solutions in the future. The company is expected to achieve breakthroughs in the main camera of domestic mobile phones this year. Automotive lenses provide long-term development potential. The increase in automotive electronics rates has led to high demand for automotive lenses, with a market size of nearly $ 1 billion.The company’s glass lens has the advantages of high stability and leading technology in the automotive field. After the initial R & D investment period, the company’s close cooperation with Onsemi and Mobileye has entered the supply system of many large customers such as China, Valeo, TeslaAnd available in bulk.The automotive lens market has a broad space, with high entry biology and high profit margins, and the company will usher in a period of rapid development. The arrival of AR / VR optical technology leader 5G will provide a mature environment for AR / VR applications. Optical lenses are the basis for the development of AR / VR.The company has a strong optical technology reserve. In the AR field, the company has deep cooperation with the international leader MagicLeap and provides lenses directly.In the field of VR, the company supplies 360-degree panoramic camera modules to Samsung and Insta360, which are important tools for VR content production. The investment proposal predicts that the company’s net profit attributable to its mother in 19-21 will be 3.20, 4.51, 5.90 trillion, corresponding to an estimated 33, 24, 18 times.With reference to SW electronics manufacturing industry, the PE is 37 times and the average evaluation of comparable companies is 33 times. Considering the flexibility of the company’s performance, the company is rated for the first time and given a “recommended” rating. Risk warnings 1. The expansion of smartphones is less than expected; 2. The optical lens cannot be expected and expected; 3. The industry competition is intensified; 4. The gross profit margin of the touch display business increases and decreases.

Zhongzhi shares (600038) brief evaluation report: the turning point in performance has now continued to grow momentum

Zhongzhi shares (600038) brief evaluation report: the turning point in performance has now continued to grow momentum

I. Overview of the event On March 20, the company released its 2018 annual report, which achieved 130 operating income.

66 ppm, an increase of 8 per year.

44%; net profit attributable to mothers5.

100,000 yuan, 12 per year.


Second, the analysis and judgment of the performance inflection point was significant, the gross profit margin dropped slightly in 2018, and the company achieved operating income of 130.

66 ppm, a ten-year increase of 8.

44%; net profit attributable to mother 5.

100,000 yuan, 12 per year.


Since 16 years, the company’s revenue has achieved positive growth for the first time, and net profit attributable to mothers has increased by more than two figures.

The report summarizes the company’s in-depth development of “one machine first flight”, “one machine demonstration”, “two machine forensics” and other work. The sales of civil aircraft have made steady progress and gradually stabilized the market.

The company’s gross profit margin is 13.

93%, 15 before 2017.

34% decreased slightly.

As some R & D projects have been completed, the gradual R & D expenses have fallen by more than 25%.


The 18-year three-fee ratio was 9.

97%, about 10 of 17 years.

44% decreased slightly, mainly due to the decrease in research and development expenses and interest expenses.

Helicopter manufacturing leader, pedigree is gradually improved. The company is the main force of the domestic helicopter manufacturing industry. The core products include straight 8, straight 9, straight 11, AC311, AC312, AC313 and other types of helicopters, which are in a leading position in technology in China.

After the improvement of the product structure adjustment and development, the main product model has been gradually upgraded, the helicopter pedigree has been perfected, and a good layout of “one machine with multiple types and series development” has basically been formed.

With the gradual maturity of the new sample, the company’s performance is expected to grow rapidly.

General-purpose helicopters are expected to be mass-produced. The company’s latest 10-ton general-purpose helicopters, which have a very broad market space, have appeared in the public eye many times. This model is intended to begin mass-production.

The currently equipped 10-ton helicopter is the Blackhawk S-70 helicopter produced by Sikorsky of the United States. The number is only 23, and the proportion of helicopters in it is very small.

In contrast, helicopters in the United States account for the largest proportion of 10-ton helicopters, with 2,858 10-ton helicopters, accounting for 53% of the total number of helicopters.

As a general-purpose helicopter that can adapt to any battlefield, we believe that the demand for the Zhi-20 market will exceed 1,000.

The general aviation market has gradually been liberalized, and the civil aircraft sector has continued to improve. Since the “12th Five-Year Plan” period, the state has successively formulated multiple guidance documents for the development of the civilian helicopter industry, including the “Opinions on Low-Altitude Airspace Management Reform,” which explicitly proposed that some low-altitude airspace be opened in 2015.Low-altitude airspace will be fully opened in 2020; the “Thirteenth Five-Year Plan” for General Aviation Development proposes that by 2020, the country is expected to reach more than 5,000 general aircraft and more than 500 general airports.

In the previous report, the company has gradually tested 5,280 flights / 8849 hours. In terms of civil aircraft sales, sales of various types of helicopters have made steady progress and gradually established the market.

Under the situation of vigorously developing the navigation market, the company’s civilian helicopter business is expected to grow rapidly.

Helicopter listing platform, asset securitization is worthy 杭州夜生活 of the company’s affiliation to China Aviation Industry Corporation. Its core assets include military helicopter parts and civil helicopter assembly, and it is the only overall listing platform for the aviation industry helicopter segment.

At present, the military helicopter assembly is still retained in Hafei Group and Changfei Group. Helicopter design and research and development are mainly in the Helicopter Research Institute (602).

With the merger and reform of scientific research institutes, the pace of asset securitization has gradually accelerated, and helicopter assets have been listed on the market as a whole.

Third, investment advice The company is the main force of the navy helicopter manufacturing industry. The inflection point in 2018 performance, we are optimistic about the company’s long-term development.

Expected company 2019?
EPS in 20201 will be 1.

03, 1.

22 and 1.
42 yuan, corresponding to PE 45X, 37X and 32X, the average 19-year average of comparable companies is 62X, given a “recommended” rating.
4. Risk warnings 1. The order of military aircraft is not up to expectations; 2. The development of the navigation market is slow; 3. The progress of institutional reform is slow

Yisheng shares (002458): Performance in line with expectations

Yisheng shares (002458): Performance in line with expectations
The return to mother’s net profit in 2019 is +499 for ten years.7%, in line with expectations Yisheng shares announced 2019 results: revenue 35.84 trillion, +143 a year.3%; net profit attributable to mother 21.76 trillion, +499 ten years ago.7%, corresponding to a profit of 3.78 yuan, the performance is in line with the market 北京会所体验网 and our expectations. Rising volume and price drive the company’s performance to maximize growth.The price of poultry and livestock increased in 2019, the company’s profitability improved, and its combined gross profit margin and net profit margin increased by +28 respectively.4ppt, +36.1ppt to 65.3%, 60.7%.At the same time, the company’s production and sales scale expanded, and the sales of chicken seedlings increased by +21.99%. In addition, the company’s period expense ratio (including research and development) is -4 per year.8ppt to 6.6%.The company’s investment income increases by 78.58 million yuan each year, mainly from the long-term equity investment income of the participating company Beidahuangbaoquan. Development trend Short-term bird prices are down, and some local bird prices are trending upward. The price of chickens has weakened after the Spring Festival. We judge that the reasons are as follows.The target may affect the price of chicken seedlings. Second, the bird flu epidemic has a certain impact on terminal consumption.However, we believe that the impact will be reflected in the short term. After the epidemic is stable, we judge that the price of poultry is still advancing to maintain a high position.From the supply side, according to data from the Poultry Industry Association, the annual introduction of white feather chicken ancestors will be + 64% to 1.22 million sets in 2019. The increase in ancestor introduction will gradually be transformed into terminal poultry meat supply.Available supplies will all be up.From the demand side, as the gap between the supply and demand of live pigs continues to increase, the consumption of chicken to pork has increased, and demand continues to support prices.For Probiotics, we consider that the price of chicken seedlings this year will be better, and the company’s chicken seedling profitability is guaranteed.At the same time, we expect that the company will continue to expand production this year. Parents will replace chicks and commercial chicks will increase by about 50% and 15% each year. The increase in sales will also contribute to performance. The strategic layout of breeding pig breeding business is expected to bring performance flexibility in the long run: the company has recently accelerated the expansion of breeding pig breeding scales, and has successively established breeding pig subsidiaries in Hebei, Shandong and other places, and has an interest cooperation agreement with the People’s Government of Hekou District, Dongying City, Shandong Province. For the first original breeding pig farm project, the company expects that the new production capacity will be gradually implemented by the end of 2020.Looking forward, we believe that the company’s strategic layout of breeding pig breeding business is expected to increase long-term profitability, enrich business structure and stabilize changes in performance. Earnings forecast and forecast correspond to 8/13 times P / E in 2020/21.We maintain our forecast of net profit attributable to mothers for 2020/2123.00/13.00 trillion unchanged, while maintaining a target price of 32.0 yuan, the target price corresponds to 8/14 times P / E in 2020/21, + 7% space.Maintain Outperform rating. Risk scale Animal epidemic risk; introduction of significant upside risks; uncertainty in import policies.

Dongfang Yuhong (002271): Continuing high revenue growth, focusing on changes in operating quality

Dongfang Yuhong (002271): Continuing high revenue growth, focusing on changes in operating quality

Event: The company released its 2019 Interim Report and achieved 79 operating income.

08 million yuan, an increase of 40 over the same period last year.

89%; realized net profit attributable to the parent company was 9.

160,000 yuan, an increase of 48 over the same period last year.

11%; net profit after deduction to mother 6.

89 ‰, an increase of 30 in ten years.


Revenue continued to expand rapidly, and the growth of waterproof membrane and construction has improved: and to maintain the company’s continued expansion of the market and the development of large real estate customers, the market share has maintained a rapid growth trend, and the average value of waterproof materials and construction business has achieved rapid growth.Revenue 44.

610,000 yuan, a year-on-year increase of 52%, an increase over the same period last year; waterproof engineering construction business also grew significantly, achieving revenue of 10.

300 million, a 50% increase in ten years; sales of waterproof coatings21.

34 ‰, a year-on-year growth of 25%, a decrease from the same period last year.

In terms of 北京桑拿 quarters, Q2 quarterly revenue continued to grow rapidly.

The company’s Q1-Q2 revenue increased by 41.

01%, and 40.

82%, quarterly revenue continues the rapid growth trend since the second half of last year, and is expected to benefit mainly from the relatively high demand for new real estate starts and the increase in the share of large real estate customers.

The gross profit margin decreased slightly, and the quarterly gross profit growth showed an improvement trend: the company is expected to achieve a gross profit margin of 36.

58%, a decrease of 0 from the same period last year.

33 units.

The gross profit margin of the waterproof membrane and construction business decreased overall.

In the first half of the year, the average price of asphalt, the main raw material for primary waterproofing membranes, has 上海夜网论坛 increased compared with the same period of the previous year. The company’s asphalt reserves in winter have hedged the impact of some price increases.

86%, an increase of 1.

73 singles are expected to benefit mainly from the impact of price and product structure adjustments.

By quarter, the company’s gross profit margins for Q1-Q2 were 34.

48%, 37.

67%, a change of -1 compared with the same period last year.

47 and +0.

In the 25 quarters, the gross profit margin in the second quarter of Q2 further increased, which is expected to reflect the impact of product price adjustments and winter storage asphalt cost reduction effects.

Net operating cash flow decreased by 11.

600 million, the cash-to-cash ratio declined: the company’s consolidated net operating cash flow was -11.

6ppm, an increase compared to the same period last year (2018H is a net decrease of 3).

800 million).

The company achieved a cash receipt ratio of 90%, a decrease of 9 percentage points from the same period of the previous year, a cash payment ratio of 104%, and an increase of 2 percentage points from the same period of the previous year.

700 million, an early improvement and a decline, of which accounts payable22.

USD 800 million, a decrease of nearly USD 800 million compared with the beginning of the year; the payment of other operating-related cash flows increased by approximately USD 700 million over the same period of the previous year, and was a net replacement for operating cash flows.

Investment suggestion: The company carried out strategic upgrades and organizational structure adjustments in the fourth quarter of 2018, and made relevant personnel adjustments accordingly. While continuing to strengthen its core competitive advantages, it sought a change of model while adjusting its business strategy to “stable operation and steady progress.”, Pursue more sustainable and excellent healthy development; at the same time, cultivate and create new business segments, and strive to achieve the transformation from “waterproof system service provider” to “building and building material system service provider”. Multi-category strategies have begun to emerge, and the company is expected to open a newOne cycle of growth.

We expect the company’s EPS to be 1 in 2019-2021.

49, 1.
98, 2.
49 yuan, corresponding to PE is 16, 12, 9 times; maintain “Buy” rating.

Risk reminders: Macro-scale policies and industry risks in the downstream real estate industry, raw material price fluctuation risks, market competition risks, and accounts receivable risks.

Shandong Heda (002810): Plant capsules continue to erupt and ROE hits record high

Shandong Heda (002810): Plant capsules continue to erupt and ROE hits record high

The company publishes a quarterly report and realized revenue in the reporting period2.

3.2 billion, previously +34.

16%; net profit is 28.51 million, ten years +167.

81%, eps0.

25 yuan.

Comments: Benefiting from the completion of technological transformation and expansion and the volume of plant capsules, the company’s performance continues to be released, and ROE hits a record high. We have repeatedly broken the company’s performance for continuous release. There are two main reasons for this.The project was put into production, which completely broke through the insufficient production capacity, which solved the problem of the company being forced 重庆耍耍网 to purchase a cumulative capacity gap through external purchases due to oversupply, and the production capacity was fully released;Significantly exceeded the company’s overall profitability.

During the reporting period, the company’s income was +34 per year.

16%, MoM -7.

19%, net profit ten years +167.

81%, +71.


Return on equity (3.

69%), gross profit margin (32.

45%), net interest rate (12.

60%) hit a record high in a single quarter, showing the company’s current strong development momentum and good anti-cyclical attributes.

The plant capsule enters the outbreak period, the product price rises, the technological transformation and expansion climbs, the profit level is expected to continue to increase, and the company’s expansion in the field of plant capsules enters the outbreak period.

Hershey increased its sales of capsules to over 3 billion capsules in 18 years, realizing revenue of 77.69 million yuan, net profit of 21.06 million yuan, and net profit of 27.

1%, significantly surpassing the company’s comprehensive level (net margin).


According to the company’s plan, the sales target of Hershey’s plant capsules will be 6.3 billion capsules this year, and tax revenue will be realized1.

4 billion.

At the same time, Fuchuan Chemical’s original trimethyl acetate and other products achieved sales of 3,600 tons, including tax revenue1.

100 million US dollars, taking into account the strong profitability of plant capsules and the continuous rise in the price of trimethyl orthoacetate, including the continuous expansion of cellulose ether technology expansion and expansion, the company’s performance promotion continued to significantly improve.

Optimistic about the company’s technological transformation and expansion and the broad market space of plant capsules, and the performance is about to break out. Maintain the “Buy” rating. The company deeply cultivates the cellulose ether industry, has a complete product line, and comprehensively covers the production of building materials, pharmaceuticals, and food products.The industrial chain to the downstream plant capsules sector has significantly improved profitability. We are optimistic that the company’s new production capacity has reached full capacity and the broad market space for plant capsules. The company’s performance continues to be released, maintaining the company’s net profit attributable to mothers in 19/20.


7.6 billion profit forecast, quarterly growth rate of 83.

6% / 32.

0%, EPS1.


48 yuan, corresponding to PE22.


2x, maintain “Buy” rating.

Risks suggest that raw material prices fluctuate, exchange rates change, and demand falls short of expectations

The sedentary must eat more of these vegetables

The sedentary must eat more of these vegetables

Lettuce: It has the function of opening and depleting, vitamin C, natural folic acid, iron, and frequent lettuce, which promotes intestinal peristalsis and prevents constipation.

  Water Spinach: Contains a large amount of cellulose and hemicellulose, edible cellulose such as glue, pectin, etc., has a role in the treatment of constipation, blood in the stool, hemorrhoids.

  Leek: It is said to be “gut washing grass”. It contains a small amount of crude fiber and is relatively tough. It is not easy to be digested and absorbed, and promotes colonic peristalsis. It is recommended to eat it occasionally in summer.

  Spinach: Spinach is cool in nature, sweet in taste, and has the functions of nourishing, stopping bleeding, moistening, smoothing intestines, and laxative.

  Sweet potatoes: cooling blood and promoting blood circulation, wide intestines and stomach, constipation, especially for chronic constipation.

  White radish: It can promote digestion when eaten raw, and its spicy can promote gastric secretion and adjust the regeneration function.

In addition, it contains abundant crude fibers, which can promote peristalsis and keep the stool smooth.

Get rid of a tired day of yoga

Get rid of a tired day of yoga

Now yoga has gradually become the new favorite of many people’s fitness. It can not only pass the effects of fitness, but most importantly, it can make you physically relaxed.

Let ‘s learn Yoga 6 that can make you mental all day long.

  First, the T-shape starts from the Samurai II posture. Put your hands on the top, tilt your upper body straight forward, lift your left foot, look for balance, and then your upper body is completely forward, lifting your left leg until your body is parallel to the left leg.

Bend your left leg fully, from your hips to your toes.

Keep your chest straight and face up toward the floor.

Straighten your body with your palms facing inward.

Hold for 5 breaths.

If this is too difficult for you, you can put your legs on a chair in the beginning.

  Second, the triangle starts with the mountain posture, with your right foot stepped backwards; turn your foot right and the outside of your legs at 90 degrees, and your left foot forward.

With your legs at the center, turn your back forward.

The right heel is aligned with the left instep.

Raise your arms and palms down.

Straighten your legs (if you can’t, you can bend the implant 90 degrees) and stretch your torso and arms.


Place your other hand on a bone, ankle, or floor.

Keep your left and right arms in a straight line.

Look up.

Hold for 5 breaths.

Return to the original position and start on the other side.

  Third, Samurai II started with a crescent, laid his left foot flat, turned his toes 30 degrees, his legs were still straight, and his ends turned 90 degrees.

Keep your right heel and left instep in a line, and keep it at 90 degrees. Stomp, relax your body and the pedals, center it, stretch it all the way, level with your shoulders, and lower your palms.

Stretch your fingertips as if you are touching the wall.

Eyes focus on the middle finger of the right hand.

Hold for 5 breaths.
  Four or half moons start with a T shape.

The right fingertip touches the floor (if you can’t touch the floor, you can pad some items such as books, etc.).

Transfer weight to right hand and right leg.

With your left foot off the floor, rotate the bench on the left, with the back and left legs parallel to the ground.

For better balance, look up.

Hold for 5 breaths.
At the end, turn the torso and tibia forward to return to the mountain posture.

  Fifth, put your feet together in a tree pose, starting with a mountain pose, with your toes fully open and extended; use your front thigh muscles to drive the muscles near your knee joints.

Straighten your spine and raise your chest and back.

Put your hands together in a prayer position, with your thumbs close to your body and your elbows flexed * close to your body.

Now lift your left foot tightly against your right leg (you can use your hand to help if necessary), keep your balance, and keep your right leg upright.

Hold for 5 breaths.

If you have poor weight and softness, you can place your left foot on the lower leg or joint.

  Sixth, the crescent starts from the position of the tree, the left foot takes a big step backward, the heel is lifted, and the leg is straight.Bend your right leg and knee in a straight line.

Lift your arms up and close your hands.

Press down on the grit and back.

Hold for 5 breaths.

If you don’t think yoga is a real exercise, then try this exercise!

Your thigh will tell you how it feels.