Jinjia Co., Ltd. (002191): The main business of the tobacco label is steadily increasing. The advantages of the new tobacco card position are obvious.

Jinjia Co., Ltd. (002191): The main business of the tobacco label is steadily increasing. The advantages of the new tobacco card position are obvious.

2018 performance is in line with expectations Jin Jia shares announced the 2018 annual report: 2018 revenue of 33.

7.4 billion, an increase of 14 in ten years.

56%, net profit 7.

25 trillion, an increase of 26 in ten years.

27%, net of non-attributed net profit6.

920,000 yuan, an increase of 26 in ten years.

45%, in line with our expectations.

Among them, Q1-Q4 revenue increased by 8 respectively.

1% / 18.

8% / 13.

3% / 17.

9%, net profit increased by 21 each year.

1% / 30.

5% / 25.

8% / 29.

4%.

In addition, the company also forecast a 20% -30% increase in net profit in Q1 2019.

In 2019-2021, the company plans annual cash dividends to account for no less than 50% of net profit.

Development trend 1. The main business of cigarette labels continues to rise, and the large packaging business is growing rapidly.

The company’s revenue in 2018 reached 14.

56% growth, depending on the product: 1) Tobacco label revenue has doubled several times8.

05%, with the downstream tobacco industry gradually improving, the company’s outstanding design and research and development capabilities to seize downstream new product orders (fine cigarette sales increased by 杭州夜生活网 12%.

5%), the market share gradually increased; 2) color box revenue increased in ten years.

09%, customers in the fine tobacco, new tobacco and other fields have developed smoothly, and have obtained the qualifications of suppliers such as Maotai, Wangliangye, Anglo-American, Renault; 3) Revenue of new materials business increased by 4 as well.

26%, the company increased the construction of China Toyota ‘s laser packaging material production capacity, and expanded external sales while increasing the proportion of self-supply. In 2018, China Toyota achieved a net profit of 68.99 million yuan; 4) In terms of value-added services, the company’s creative design (Blueberry Culture) / JianzhenAnti-counterfeiting (through Hezhi Technology and its joint ventures Huada Beidou, Ant Financial Services Blockchain and other partners) 合肥夜网 empowers the packaging business and enhances the comprehensive service strength of large packaging.

In 2019, we expect the company’s main business of cigarette labels to maintain a high growth rate, and the large packaging business will continue to grow rapidly.

2. Profitability continued to improve.

The company achieved gross profit margin in 2018 of 43.

7%, slightly decreased by 0 every year.

5ppt, mainly due to the increase in the proportion of color boxes and other businesses with a reduced gross profit margin; the expense ratio during the period was 16.

0%, down by 1 every year.

2ppt, the cost control effect is good; realized investment income of 78.52 million yuan, an increase of 125% year-on-year, which is mainly due to the continued increase in packaging purchases of participating companies, Chongqing Hongsheng continued to improve performance.

The company’s net margin increased by 2ppt to 21.

5%.

3. Pay attention to the development of new tobacco business and the implementation of regulatory policies.

The company reached a comprehensive strategic cooperation with Yunnan Tobacco and assumed the production of its new tobacco smoking set. It established a joint venture with Xiaomi Eco-Chain Enterprise to expand the research and development of new tobacco products. The subsidiary Jinjia Technology provided new tobacco research and development services to supplement China Tobacco.The accumulation in the smoke system is deep, and the card position advantage is obvious.

With reference to international experience, we expect that domestic new tobacco is expected to be placed under the supervision of the China Tobacco System in the future, and we are optimistic about the company’s years of resources and first-mover advantages in the China Tobacco system.

Earnings forecast we maintain 0 for 19/20.62/0.

The profit forecast of RMB 74 remains unchanged, corresponding to 23/19 times P / E.

Estimates and recommendations maintain the recommended level and re-select the best.

Maintain target price of 17.

5 yuan, corresponding to 24 times 2020EP / E, about 22% growth space.

The prices of risky raw materials have fluctuated sharply, and new tobacco policies have fallen short of expectations.

ZTE Corporation (000063): First-Quarter Performance Surpasses Expectations, Sets New Ground for 5G

ZTE Corporation (000063): First-Quarter Performance Surpasses Expectations, Sets New Ground for 5G

Event: The company released the 2018 annual report and the 2019 first quarter report preview. In 2018, the company achieved revenue of 855.

$ 100 million, at least 21 a year.

41%; net profit attributable to mother -69.

800 million.

In the first quarter of 2019, it is estimated that the net profit attributable to mothers will be USD 800 million to 1.2 billion, which will turn around every year.

Opinions: 1. The difficult 2018 has passed, and the improvement in Q1 2019 is obvious, and the performance exceeds expectations.

In terms of revenue, overall revenue decreased by 21 in 2018.

41%, in terms of business segments, of which the operator segment revenue 57 billion (-10% year-on-year).

51%), government business revenue was 9.2 billion yuan (-6% year-on-year.

13%), consumer business 19.2 billion yuan (-45 compared to the same period last year).

43%).

Gross profit margin was basically flat, of which the operator sector was 40.

37% (+0 year-on-year.

33pp), government and enterprise sector 29.

24% (YoY-0.

01pp), consumer business sector 12.

53% (-2% YoY).

79pp).

In terms of net profit, the scale of 2018 increased due to: US sanctions discriminated against 1 billion U.S. dollars, and operating stagnation losses due to the US chip embargo during April-June 2018.

After the chip embargo incident, the company’s revenue quickly recovered, and profitability began to resume in 2018Q3.

Among them, the revenue side: Q3 2018 began to resume positive growth, and Q4 improved from the previous quarter; the net profit side: 2019Q1 may turn losses, and at the same time, it has improved significantly.

It is estimated that in the first quarter of 2019, it will realize a net profit of about 8-12 trillion, with a median value of 1 billion U.S. dollars, and continue to turn losses, while measuring 2 in the fourth quarter of 2018.

$ 7.6 billion improvement.

2. After the embargo, the supply chain basically returned to normal, and the basic risks were reduced.

After the chip embargo was settled, the operator’s engineering construction / collection began to resume, ZTE’s production line resumed, and ZTE’s suppliers began to resume normal supply. According to Delll’Oro statistics, ZTE’s wireless connection in the third quarter of 2018The RAN business market share increased by 5 units, thus realizing the ability to reverse the overall market share lost to Samsung in the second quarter.

The normalization of the supply chain is the trend, and once again encounters the risk cost of chip embargo.

3. In the medium and long term, the company is one of the four major leaders of global communications master equipment vendors, capable of providing 5G end-to-end solutions.

As 5G gradually enters the commercial stage, the company is expected to benefit in the long run.

According to the information disclosed by the company on its official website on September 26, 2018, ZTE disclosed the first batch of 3GPP5G SEPs (standard essential patents) to ESSI to more than 1,000 families.

As a result, ZTE became one of the four patentees holding more than 1,000 families of 5G NR standard patents.

At the same time, the company is one of the few manufacturers that can provide 5G end-to-end solutions, and the transition to 5G commercialization has gradually landed. The core business of the company’s operators 深圳桑拿网 and consumers promotes the development of new opportunities.

Investment suggestion: Through the development of the 2G to 4G era, the company has become the world’s top four telecommunications equipment vendors. In the new era of 5G construction, the deployment of 5G end-to-end solutions is adopted to lead the global 5G development and continueIncrease global market share.

We are firmly optimistic about the company’s long-term growth prospects after 2020’s expanded commercial use of 5G.

It is estimated that the net profit for 19-21 will be 5,467,85 billion yuan, and maintain the “Buy” rating.

Risk reminder: operational compliance risks, 5G advancement is not up to expectations, Sino-US trade friction escalates, and overseas market order capacity declines

Evening Announcement Scenic Spot Tracking: 15 BOE Supervisors Promise Not to Reduce Shares

Evening Announcement Scenic Spot Tracking: 15 BOE Supervisors Promise Not to Reduce Shares

For stocks, please read Jin Qilin analyst research report, authoritative, professional, timely, and comprehensive, to help you tap potential potential opportunities!

  [BOE A: 15 Dong Jiangao promised not to reduce the company’s shares]BOE Chairman Chen Yanshun, Vice Chairman Liu Xiaodong and a total of 15 Dong Jiangao issued a letter of commitment on not reducing the company’s shares: in its directors, supervisorsDuring the period of senior executives, and within 6 months after the term expires, do not reduce or transfer all of their BOE A shares, do not entrust others to manage specific shares, and do not pass agreements, trusts or any other arrangements to the corresponding sharesVoting rights are granted to others, and the company is not required to repurchase specific shares.

  Reorganization and Issuance[Sunrise Group: Adjusting the Non-Public Issuance of Share Plans]Nissho Group’s Issuance Method and Issuance Time of Issuance of Non-public Issuance Share Plans, Number of Issuances, Issuance Objects and Subscription Methods, Pricing Base Date and Issuance Price and Restrictions on Issuing SharesSale period is adjusted.

Among them, the issue price was adjusted to not less than 80% of the average price of the company’s stock trading 20 trading days before the pricing reference date.

Sunrise Group plans to raise funds this time7.

1 ppm, invested in intelligent manufacturing of lightweight forged aluminum alloy wheels.

  [Reluctant Wine Industry: Adjusting the Proposal for Proposed Increase of Funds to Not More Than $ 2.5 Billion]Reluctant Wine Industry Revises the Non-public Issuance of Stocks.

Among them, the issue target is adjusted to include a total of 35 specific shareholders within the company’s shareholders; the pricing method is adjusted to be no less than 80% of the average price of the company’s stock trading 20 trading days before the pricing reference date; the lock-up period is adjusted toThe stocks subscribed by the group cannot be transferred within 36 months, and the stocks subscribed by other issuers cannot be transferred within 6 months.

The total amount of funds raised by the company this time does not exceed 2.5 billion.

  [Xiantan Shares: Revising the 2020 Non-public Issuance of Shares Plan].

After the amendment, the issue price shall not be lower than 80% of the average trading price of the company’s stocks in the 20 trading days before the pricing reference date, the issue target shall not exceed 35 specific investors, and the issue amount shall not exceed 30% of the total share capital of the company before the issue, that is, not exceed1.

3.9 billion shares.

The fundraising budget does not exceed 1.4 billion U.S. dollars and the proposed annual output is 1.

Ecological project of 200 million broilers.

  [Fei Rongda: Adjusting the Non-public Issuance of Stocks Program]Fei Rongda’s offering price and pricing principles in the non-public offering of stocks, adjustments of the issue objects and subscription methods, and restricted sales period adjustments, in which the issue price is adjusted to be no less than the pricing benchmark80% of the average trading price of stocks in the previous 20 trading days.

Fei Rongda raised 700 million US dollars in this fixed increase plan to invest in 5G communication device industrialization projects and supplement working capital.

  [Shubeide: Revising the Non-public Issuance of Shares Scheme]Shobeide amends the issuance methods, pricing principles and issue prices, number of issuances, issuance targets, restricted sales periods, and applicable reductions in the non-public issuance scheme., Where the issue price is revised to be no less than 80% of the average price of the company’s stock trading 20 trading days before the pricing benchmark date.

Sobead will raise no more than 6 this time.

USD 800 million, invested in 5G base station and terminal antenna expansion construction projects.

  [Tongfu Microelectronics: planned to raise an additional 4 billion US dollars to build integrated circuit packaging and testing projects]Tongfu Microelectronics: To raise an additional 4 billion US dollars to build integrated circuit packaging and testing projects such as center construction, efficient CPUs, etc.IC packaging and testing projects, supplementing working capital and repaying bank loans.

The issue object does not exceed 35 specific objects, and the issue price does not exceed 80% of the company’s stock transaction average price 20 trading days before the pricing reference date.

  [Neptune Bio: planned to issue 500 million US dollars in epidemic prevention and control debts]To further ensure the company’s supply of medical institutions ‘medicines, equipment, medical consumables and other materials, and to ensure the company’s efficient and stable supply of medical institutions’ epidemic prevention materials during the new coronavirus pneumoniaIn order to meet the company’s operating capital requirements, Neptune intends to apply for the non-public issuance of short-term corporate bonds (debt prevention and control bonds) for qualified investors with an issue size of no more than 500 million yuan.

  [Huaxia Happiness: It is planned to publicly issue corporate bonds not exceeding US $ 5 billion]Huaxia Happiness intends to publicly issue corporate bonds not exceeding US $ 5 billion for repayment of remaining debts and debts, and to supplement working capital and other purposes.

  [Langxin Technology: Proposed Issuance of Convertible Debts to Raise Funds Not Exceeding US $ 800 Million]Langxin Technology intends to publicly issue convertible corporate bonds to raise funds not exceeding US $ 800 million, investing in energy IoT system construction projects, and Langxin Cloud R & D projectsAnd replenishing liquidity.

  Significant event[Zhejiang Dongri: Adjusting the transfer price of 100% equity of Wenzhou Dongri Real Estate Company]Zhejiang Dongri decided to adjust the listing transfer price of 100% equity of Wenzhou Dongri Real Estate Development Co., Ltd.

The listing price introduced this time is 104 million yuan, a reduction of about 5% of the estimated price, and the remaining listing conditions are consistent with the initial listing conditions.

  [Changbao Shares: Shareholder-appointed director Chen Donghui is criminally offended]Changbao Shares received a notice from Shanghai Jiayu Medical Investment Management Co., Ltd., a shareholder holding more than 5% of its shares, and the director Chen Donghui assigned to the company was suspected of embezzlement.He was summoned by the Public Security Bureau of Huangpu District in Shanghai and criminally prosecuted in accordance with the law. Related matters are yet to be further investigated by the public security organs.

Chen Donghui does not receive remuneration from the company and does not participate in the company’s specific operating management policies.

Chen Donghui’s criminal detention will not adversely affect the company’s operations.

  Investment and operation[Gold and Molybdenum Shares: The proposed 300 million yuan investment in Jilin Tianchi Molybdenum Industry]Jin Molybdenum Shares plans to invest in Jilin Tianchi Molybdenum Industry Co., Ltd. with an investment of 300 million yuan.

After the shareholding, the company’s equity ratio was 18.

2967%.

Jilin Tianchi Molybdenum Industry has Jied Molybdenum Mine in Shulan City, Jilin Province, with a filed reserve of 22,457 tons of ore and 253,931 tons of molybdenum metal, with an average grade of 0.

113%.

The design mining method is open-pit mining, with a production scale of 825 tons / year.

  [Zhejiang Zhenyuan intends to use 6146.

380,000 yuan, subscribed for the capital increase of Shaoxing Bank in 1995.

580,000 shares, the subscription price is a minimum of 3.08 yuan.

After the subscription is completed, the company’s shares in Shaoxing Bank will increase to 5883.

580,000 shares.

After the capital increase and share expansion, the total share capital of Shaoxing Bank will reach 35.

3.8 billion shares.

  [TBEA: Subsidiary crystalline silicon company will gain 600 million value-added]Xinjiang TBEA subsidiary of TBEA Xinjiang Xinte Crystal Silicon High-tech Co., Ltd. will receive Urumqi strategic emerging industry new special energy guidance fundCapital increase of 600 million yuan.

The fund was jointly established by Xinte Energy and Urumqi Industry Guided Private Equity Fund.

After the capital increase, Xinte Energy’s shareholding in crystalline silicon company will be 92.

34% recovered 68.

65%.

The capital increase will promote the company to gradually improve the quality and silicon-based, zirconium-based industrial chain extension development.

  [Tianyuan Group: Proposed strategic investor of subsidiary Tianyi New Materials]Tianyuan Group ‘s wholly-owned subsidiary Tianyi New Materials intends to add value and concurrently invest in strategic investors. The capital increase is planned to be 300 million to 400 million. The capital increase is mainly used forConstruction of three PVC-0 pipeline projects with an annual output of 1,000 square meters of high-end ecological and environmental protection intelligent flooring projects.

At present, the company has received letters of intent to subscribe to Yibin Xinxing Industry Investment Group Co., Ltd. and Yibin Tiangong Machinery Co., Ltd., and intends to subscribe for 200 million yuan and 0 yuan, respectively.

800 million yuan.

  [Bohai Leasing: Subsidiary sells aircraft leasing assets for USD 5 billion]AALL, a wholly-owned subsidiary of Bohai Leasing Holding, intends to sell 21 aircraft leasing assets with leases to Sapphire Aviation II at a basic transaction price.

US $ 2.6 billion, equivalent to about 50 yuan.

8.7 billion US dollars, the actual transaction price will be adjusted based on aircraft delivery costs, delivery time, etc.

Bohai Leasing also announced that HNA Capital, the controlling shareholder, terminated the implementation of the plan to increase its holdings.

  [Healthyuan: clinical trial application approval for advanced solid tumor treatment drugs was revoked]Recently, the clinical trial application for “Recombinant tumor enzyme interferon alpha-2bFc fusion protein for injection” declared by Healthyuan Holdings’ subsidiary Livzumab was approved by the State Drug AdministrationSecretary.

The drug is intended for the treatment 苏州桑拿网 of advanced solid tumors, thereby combining existing therapies and / or tumor immunotherapy to further improve its antitumor effect.

At present, there are no similar cytokine prodrug products on the market and declared clinical at home and abroad.

  [Nanwei Software: Successful bid for Hainan Provincial Intelligent Auxiliary Case Management System Project]Nanwei Software: Successful bid for Hainan Provincial Intelligent Aid System for Criminal Aid, with a winning bid of 30.9 million.

The successful bid of the project reflects the company’s comprehensive competitiveness in the field of smart politics and law, which is conducive to enhancing the company’s brand influence.

  [Mike Bio: New Coronavirus Nucleic Acid Triple Detection Kit Enters Emergency Approval Channel]At present, the new Coronavirus (2019-nCoV) nucleic acid triple detection kit developed by Mike Bio has entered the emergency approval channel; new 天津夜网 Coronavirus IgG and IgM antibody detectionThe kit (direct chemiluminescence method), a new coronavirus (SARS-Cov-2) IgG / IgM antibody detection kit (colloidal gold method) is currently in clinical validation.

  [Dongfeng: The company and its wholly-owned subsidiaries have been recognized by emerging companies]Dongfeng has recently received a reply from the Office of the National Emerging Enterprise Identification Management Leading Group Office. The company and its wholly-owned subsidiaries Guangdong Xinrui and Guangdong Kevin were identifiedIt is the first batch of emerging enterprises in Guangdong Province in 2019.

It is determined that within three years (2019-2021), the state will enjoy preferential tax policies on emerging enterprises, that is, the enterprise income tax will be reduced at a tax rate of 15%.

  [Liantai Environmental Protection: Obtaining a Utility Model Patent Certificate]Recently, Luen Thai Environmental Protection received a utility model patent certificate submitted by the State Intellectual Property Office, which is an integrated equipment for ground-level domestic sewage treatment.

The above patents help the company to form a continuous innovation mechanism, protect the company’s product technology leadership, and enhance the company’s core competitiveness.

  [Lizhu Group: Approved Alternatives for Clinical Trials of Innovative Drugs]Lizhuzumab, a subsidiary of Livzon Group Holding, states that “recombinant tumor enzymes for injections replace interferon α-2bFc fusion protein” (referred to as “A-01”) The clinical trial application was sanctioned by the State Drug Administration.

A-01 is a global innovative drug that predicts the development of a long-acting replicative cytokine prodrug. The antitumor mechanism of cytokine active ingredients is to exert their biological activity by binding to specific membrane receptors.

  [Ping An of China: Premium income in January was 1,427.

US $ 5.6 billion}In January, Ping An Property & Casualty Insurance, Ping An Life, Ping An Annuity and Ping An Health’s original insurance contract premiums totaled 1,427.

5.6 billion yuan.

The company also announced that it is proposed to convene a general meeting of shareholders and approve a budget for additional H shares, granting the board of directors a general mandate to allot, issue and deal with new H shares not exceeding 20% of the company’s issued H shares.The base price discount (if any) does not exceed 10%.

  Performance[Sate New Materials: 2019 net profit increased by 82 in ten years.

79%]Sete New Materials achieved revenue of 400 million yuan in 2019, an annual increase of 30.

22%; realized net profit of 74.33 million yuan, an annual increase of 82.

79%; Yield 1.

24 yuan.

  [Bai Chu Electronics: In 2019, the net profit increased by 70 in ten years.96%]Bai Chu Electronics achieved revenue in 20193.

76 trillion US dollars, an annual increase of 53.

3%.

Realize net profit 2.

3.8 billion US dollars, an annual increase of 70.

96%; basic income 2.

86 yuan.

  [Great Wall Securities: Net profit in 2019 increased by 69% in ten years]Great Wall Securities achieved operating income of 38 in 2019.

9.9 billion, an annual increase of 41.

62%; Net profit 9.

USD 9.2 billion, an annual increase of 69.

4%; basic income is 0.

32 yuan.

  [Lihua Co., Ltd .: Net profit in 2019 increased 52% in ten years]Lihua Co., Ltd. achieved total operating income of 88 in 2019.

8.3 billion, an annual increase of 23.

13%; Net profit 19.

7.3 billion, an annual increase of 51.

79%; basic income 4.

97 yuan.

  [Haier Bio: 2019 net profit increased by 59 in ten years.

76%]Haier Biological has achieved revenue of 10 in 2019.

1.3 billion, an annual increase of 20.

3%.

Realize net profit 1.

8.2 billion, an annual increase of 59.

76%; basic profit return is 0.

73 yuan.

  [Anche Inspection: Annual net profit increase of 51% in 2019]Anche Inspection realized total operating income of 9 in 2019.

7.3 billion, an annual increase of 84.

3%; Net profit 1.

USD 8.9 billion, an annual increase of 50.

51%; basic profit return is 0.

98 yuan.

  [Lepu Medical: Net profit in 2019 increased by 41% in ten years]Lepu Medical achieved revenue of 77 in 2019.

54 ppm, an annual increase of 22%; net profit of 17.

$ 2.2 billion, an increase of 41% per year; zero income in ten years.

97 yuan.
  [Anjing Food: Net profit in 2019 increased by 38% in ten years]Anjing Food achieved revenue of 52 in 2019.

6.7 billion, an annual increase of 23.

66%; net profit achieved 3.7.3 billion, an annual increase of 38.

14%.

Basic benefits 1.

67 yuan.

  [Pengyu shares: 2019 net profit increased by 21 in ten years.

45%]Pengyu shares realized revenue of 1.6 billion yuan in 2019, an increase of 9 per year.

72%; realized net profit 1.

4.3 billion, an increase of 21 every year.

45%.

Basic income is 0.

24 yuan.
  [Mona Lisa: 2019 net profit will increase by 20 per year.

3%]Mona Lisa achieved revenue of 3.8 billion yuan in 2019, an increase of 18 per year.

57%, achieving net profit of 4.

3.6 billion, an annual increase of 20.

30%, basic income 1.

08 yuan.
  [Shanghai Airport: Net profit in 2019 increased by 18 in ten years.

88%]Shanghai Airport achieved revenue of 109 in 2019.

$ 4.5 billion, an increase of 17 per year.

52%; realized net profit of 50.

3 ten percent, an increase of 18 per year.

88%; basic income 2.

61 yuan.

  [Fangbang shares: 2019 net profit increased by 15 in ten years.

45%]Fangbang shares realized revenue in 20192.

9.2 billion, an annual increase of 6.

24%; net profit 1.

35 trillion US dollars, an annual increase of 15.

45%; basic return 1.

98 yuan.
  [Jiahe Intelligent: Net profit in 2019 will increase by 11% in ten years]Jiahe Intelligent achieved revenue of 22.

60,000 yuan, an annual increase of 67.

75%; realized net profit 1.

23 trillion, an increase of 11 in ten years.

03%; basic profit income is 0.

93 yuan.

  [Oak shares: 2019 net profit increased by 9 in ten years.

07%]Oak’s 2019 revenue is 62.

8.2 billion, a decline of 15 per year.66%, realized net profit3.

5.5 billion, an annual increase of 9.

07%.

Basic income is 0.

52 yuan.

  [Engrave: 2019 net profit declines by 72 each year.

7%]Youku achieved revenue of 15 in 2019.

1.2 billion, an annual increase of 27.

4 %%; realized net profit of 21.07 million yuan, a year-on-year decrease of 72.

7%; basic income 0.

06 yuan.

  [Dongcheng Pharmaceutical: Net profit declines 45% annually in 2019]Dongcheng Pharmaceutical has achieved revenue of 30.

2.2 billion, an annual increase of 29.

56%; realized net profit1.

5.4 billion, down 44 from the previous year.

94%, basically 0 benefits.

19 yuan.

  [Great Wall Motor: 2019 net profit declines by 13 each year.

73%]Great Wall Motor achieved revenue of 964.

5.5 billion, down 2 every year.

80%.

Realized net profit 44.

9.3 billion, down 13 each year.

73%.

Basic income is 0.

49 yuan.

  Increase and decrease of shares[Long Man Bailey: Connected executives intend to reduce the company’s shareholding no more than 4.

38% shares]Tan Ruiqing, deputy chairman of Longman Baili, executive vice president and director of personnel management and Benliu, plans to reduce the company’s total shareholding by no more than 8904 through centralized bidding and block trading in the next 6 months.

400,000 shares, accounting for 4 of the company’s total share capital.

38%.

  [YuXin Technology: Yuanchuang Gene and Light Control Gene intend to reduce their holdings by no more than 3%]Yuanchuang Gene and Light Control Gene plan to reduce their holdings of Yuxin Technology by a total of 1200 in a centralized bidding and bulk transaction.

30,000 shares, accounting for 3% of the company’s total share capital.

  [Beida Pharmaceutical: Jihe Venture Capital plans to reduce its holdings by no more than 2.

95% shares]Betta Pharmaceuticals holds 14.

33% of the shareholders, Jihe Venture Capital, plan to reduce their holdings of the company’s shares by no more than 11.82 million shares, which is no more than 2 of the total share capital.

95%.

In addition, due to the cancellation of the concerted action relationship, the actual controller of the company was changed from Ding Lieming and Yinxin Wang to Ding Lieming.

The release of the concerted action relationship this time will not cause changes in participation and will not adversely affect the company’s daily business activities.

  [Desheng Technology: Some directors plan to reduce their holdings by no more than 1.

59% of shares]Desheng Technology recently received notices from directors Liu Junfeng and Li Zhu. The two are planning to reduce their total holdings of the company’s shares by no more than 3.19 million shares through centralized bidding, block transactions or agreement transfers.1.59%).

  [Bishuiyuan: The controlling shareholder intends to reduce its holdings by no more than 1.

42% of the shares]Bi Jianyuan, the controlling shareholder, chairman Wen Jianping plans to reduce the company’s shareholding by no more than 45 million shares in 6 months by centralized bidding, block trade or a combination of them, that is, no more than 1 of the company’s total share capital.

42%.

  [Longma Information: Shareholders intend to reduce the company’s holdings by no more than 1.

18% shares 2]Longma Information holds 7.

11% of shareholders Jin Guowen plans to reduce holdings of the company’s shares by no more than 4 million shares (1.
.

18%).

  [SuperMap Software: The actual controller and general manager intends to reduce their holdings by no more than 1.

11% of shares]Chaotu Software’s controlling shareholder, actual controller and chairman Zhong Ershun, director, general manager Song Guanfu, plans to reduce the total number of shares in the company to no more than 5 million shares in 6 months through centralized bidding or block trading., That is, no more than 1 of the company’s total share capital.

11%.

  [Longhua Technology: The two actual controllers plan to reduce their holdings by no more than 1% of the shares]Longhua Technology’s controlling shareholder, the actual controller, Li Zhanqiang, Li Mingqiang plans to reduce the company’s shares by no more than 9 million shares through centralized bidding or block trading.That is, it does not exceed 1% of the total share capital of the company after excluding the repurchased shares.

  [Nanhua Instruments: The actual controller plans to reduce its shareholding by no more than 1%]Nanhua Instruments holds 14.

3% of the company’s actual controller, Yang Yaoguang, plans to reduce its holding of 790,000 shares in the company’s centralized bidding within 6 months (accounting for 1% of the company’s total share capital after excluding the number of shares in the company’s special account for repurchase).

  [Longhua Technology: The controlling shareholder plans to reduce the company’s shares by no more than 18 million shares]Longhua Technology’s controlling shareholder, the actual controller, Li Zhanqiang, Li Mingqiang plans to reduce the company’s shares by no more than 9 million shares through centralized bidding or block trading.That is, a total of 18 million shares, neither of them reduced their shareholdings by more than 1% of the company’s total share capital after excluding the repurchased shares.

  [Shengtian Network: Chuangfufu Nebula Fund intends to reduce its holdings by no more than 1%]Shenzhen Chuangfu Zhaoye Financial Management Co., Ltd., a shareholder holding 5% of the shares of Shengtian Network, plans to start from 3From May 13 to June 13, through block transactions, the centralized bidding transaction reduced the company’s shares by no more than 2.4 million shares, that is, no more than 1% of the company’s total shares.

  [Midland Group: intends to repurchase 40 million to 80 million shares with a repurchase price not exceeding 65 yuan / share]Midea Group’s repurchase period disclosed in February last year has expired and implementation has been completed. The company now proposes a new repurchase plan: repurchaseThe number is 40 million shares to 80 million shares, the repurchase price does not exceed 65 yuan / share, and the repurchase amount is expected to not exceed 5.2 billion yuan.

  [Tao Li Bread: Employee Stock Ownership Plan Completes Stock Purchase at a Cost of Approximately $ 400 Million]Finally, Tao Li Bread’s 2020 employee stock plan will gradually buy 1159 through the secondary market.

760,000 shares, accounting for 1 of the company’s total share capital.

76%, with a total transaction value of about 400 million yuan and an average transaction price of 34.

49 yuan / share.

The company’s employee shareholding plan for 2020 has completed stock purchases with a lock-up period of 36 months.

  [Precision Forging Technology: Planned 100 million to 200 million share repurchases]The shares to be repurchased by Precision Forging Technology are used for the subsequent implementation of employee stock ownership plans or equity incentive plans. The maximum amount of funds for repurchasing shares does not exceed 100 million yuan.Not more than 200 million, and the repurchase price does not exceed 17.
.

8 yuan / share.

  [Yuanwanggu: Proposed 50 to 1 trillion share repurchases]Yuanwanggu intends to repurchase shares as an allocation incentive plan or employee shareholding plan. The total amount of repurchased funds does not exceed 50 million yuan and does not exceed 100 million yuan.The repurchase price does not exceed 15 yuan / share.

  Other matters[Yutong Bus: received the National New Energy Vehicle Promotion Supplement USD 1.7 billion]On the same day, Yutong Bus received the National New Energy Vehicle Promotion Supplement transferred by Zhengzhou Finance Bureau.

17 trillion, which is part of the termination of the new energy vehicle purchase customers sold by the company on December 31, 2018 and gradually shifting mileage of 20,000 kilometers, shall enjoy the accounts receivable corresponding to the promotion subsidy.

  [Institute of Electric Science: Donated 2 million to fight the epidemic]The Institute of Electric Science effectively expanded the social responsibility of listed companies, and used its own funds to donate 2 million yuan to the Red Cross Society of Wuzhong District, Suzhou City on February 20, 2020, specifically for “Fighting the Pneumonia Epidemic of a New Coronavirus Infection.

  [Jiaying Pharmaceutical: donated 105 million supplies to fight the epidemic]Jiaying Pharmaceutical took the initiative to assume and merge the social responsibility of listed companies, co-existing with the Red Cross Society of Meizhou City, Guangdong Province, and the Red Cross Society of Xingning City, Guangdong Province, valued at RMB 1.05 millionUrgently needed supplies to support the fight against the epidemic.

  Trading suspended from the next trading day: No trading resumed from the next trading day: No

Kouzijiao (603589): Optimized product structure, outstanding performance outside the province

Kouzijiao (603589): Optimized product structure, outstanding 四川耍耍网 performance outside the province

Event: The company disclosed its 2018 annual report and 2019 first quarter report.

In 2018, the company achieved operating income of 42.

690,000 yuan, an annual increase of 18.

50%; net profit attributable to mother 15.

33 ppm, an increase of 37 per year.

62%; basic profit income 2.

55 yuan.

Q4 revenue was 10.

61 ppm, an increase of 19 per year.

62%; Q4 is net profit of mother 3.

91 trillion, an increase of 83 a year.

57%.

The company’s 2019 first quarter report shows that the company achieved operating income in 2019Q113.

62 ppm, a ten-year increase of 8.

97%; net profit attributable to mother 5.

45 ppm, an increase of 21 per year.

43%, Q1 profit growth exceeded expectations.

Sales volume increased slightly, the upgrade of sales structure was the 杭州夜网 main tone, and revenue growth was at a normal level.

The company’s revenue increased by 18 in 2018.

50%, the growth rate is expected to be between Gujing Gongjiu and Yingjia Gongjiu. After the volume-type growth in 2017, the main keynote in 2018 is the contribution of structural upgrades, which is a normal growth level.

The company’s sales volume increased by approximately 1 in 2018.

49%, excluding the factors contributing to the growth outside the province, the province’s sales volume within the province is estimated to be slightly negative, mainly due to negative growth in the mid-range and low-mid-range.

In 2018, the company’s premium wine revenue was 40.

60 billion, an annual increase of 22%, accounting for 96.

16% (among which average price increased by 10% and sales volume increased by 11%).

Mid-range wine / low-grade wine revenue is 0.

92 ppm / 0.

70 ppm, a decrease of 25 per year.

19% / 20.

95%.

The company’s Kouzi warehouse series is the core force. The Kouzi warehouse has been a high-end product for 5 years and above, and the growth rate has been transformed for more than 10 years. We expect that it will be more than 30%, which will fully benefit the province’s consumption upgrade.

The statement faithfully reflects the impact of the Spring Festival in advance. The growth rate of Q1 is slightly lower. The advance receipts are similar to the same period of the previous year.

Due to the advance of the Spring Festival, the stocking of dealers in the peak season is reflected in the fourth quarter of 2018. If Q4 and Q1 are combined to see that the revenue growth rate is about 13%, it is in line with the normal growth level of the sales structure contribution.

Q1 final advance receipt balance4.

89 ppm, an increase of 0 in ten years.

88%, similar to the same period last year.

Distributors outside the province remained stable, growing rapidly, and the proportion of Q1 increased. It is expected that the contribution will increase in the future.

Provincial income in 2018 36.600,000 yuan, an increase of 17% in ten years.

Extra-provincial income 6.

620,000 yuan, a year-on-year growth of 28%, and the growth rate is increased by 17 pct per year.

The performance outside the province was bright in 2018, with three quarters of growth exceeding 30%.

Taking into account the impact of the Spring Festival holiday, adding up 18Q4 and 19Q1, the company’s provincial revenue was 20%.

24 ppm, an increase of 11% in ten years, with a slight budget growth rate, and extra-provincial income3.

700,000 yuan, an annual increase of 27%.

The company adopts the method of superiority and inferiority to dealers outside the province. Generally speaking, the number remains stable. At the end of 2018, there were 234 dealers outside the province, an increase of 33, a decrease of 47 and a net decrease of 14.

At the same time, the company seeks strategic cooperative relations with key distributors, and the adjustment effect is obvious. In the future, the extra-provincial revenue will continue to increase.

The product structure was upgraded and the ton price continued to rise.

With the mainstream price band in Anhui Province moving up to more than 200 yuan, the company’s product structure has been optimized. With the upward shift in the product structure, the price of wine per ton has continued to rise. The price of wine per ton in 2018 was 12.

60,000 yuan, an increase of 17 in ten years.

12%.

2019Q1 premium wine revenue12.

8.3 billion, a growth rate of 9%, the revenue of mid-range wine and low-grade wine is zero.

62 ppm, a decrease of 1 per year.

9%, continuing the trend of upgrading product structure.

The sales expense ratio fell, and the growth rate of net profit exceeded expectations.

The company’s 2018 revenue was 42.

69 ppm, an increase of 18 years.

50%; net profit attributable to mother 15.

33 ppm, an increase of 37 per year.

62%.

Q4 revenue was 10.

61 ppm, an increase of 19 per year.

62%; net profit attributable to mother 3.

9.1 billion, an annual increase of 83.

57%, the faster-than-expected growth was mainly due to the increase in revenue in the third quarter due to price increases and the natural decline in sales expense ratio.

Thanks to the price increase in the third quarter, the company’s gross profit margin in 2018Q4 and 2019Q1 increased, and the gross profit margin of the company in Q4 2018 was 74.

46%, an increase of 1 per year.

56pct, 2019Q1 will continue to enjoy favorable price increases, with a gross profit margin of 77.

83%, an increase of 3 pct per year.

The company’s sales expense ratio in 2018 was 7.

88%, a decline of 0 every year.

97pct, 2019Q1 sales expense ratio is 9%, which is flat compared with the same period last year.

Thanks to the decline in the sales expense ratio, the company’s profitability has improved significantly. In Q4 2018, the net profit margin was 37%, which increased by 13pct each year.

2019Q1 net margin is 40%, increasing 4% every year.

Investment advice: Steady growth through cycles and deterministic performance replacement.

As a leading real estate wine, Kouzijiao has a strong base market.

Enjoy the duopoly competition pattern in the province.2) The channel does not hold goods, the inventory is low, the dealers have thick profits, and have high loyalty.

3) The price band is in the mainstream of the masses. Demand is rigid and benefits from obvious consumption upgrades. The deterministic transfer of performance is the target of steady growth across cycles.

Slightly adjusted the company’s budget revenue for 2019-2020 was 3.

07 yuan and 3.

64 yuan, the target price is equivalent to 21 times the price-earnings ratio in 2020.

Maintain BUY-A investment rating with 6-month target price of 75 yuan.

Risk reminder: Increased bidding of more than 200 yuan in the province leads to increased competition and sales are less than expected.

Yunnan Baiyao (000538) 2019 Third Quarterly Report Review: Third Quarterly Report Exceeds Expectations Drugs and Health Products Regain Double-digit Growth

Yunnan Baiyao (000538) 2019 Third Quarterly Report Review: Third Quarterly Report Exceeds Expectations Drugs and Health Products Regain Double-digit Growth

Event: The company announced the third quarter of 2019: the first three quarters achieved revenue of 216.

460,000 yuan, an increase of 8. in ten years (comparable caliber)
.

36%; net profit attributable to mother 35.

4.2 billion, a previous (comparable caliber) increase of 7.

46%; net profit after deduction to non-mother 23.

36 megabytes, a decade ago (comparable caliber) down 7.

30%; Net operating cash flow1.

54% ten percent, an average of 88% a year.

Earnings per share 2.

77 yuan.

Q3 performance exceeded market expectations.

Opinion: Q3 revenue and net profit show significant inflection points.

Q3 achieved revenue of 77 in a single quarter.

48 ppm, + 13% a 武汉夜网论坛 year, net of non-net profit 12.

01 ten percent, +17.

78%, with net operating cash flow growing by 500% each year.

Following the interim report performance growth rate, it has regained more than double-digit growth, and cash flow conditions have returned to normal.

The company’s single quarter revenue growth rate of Q1 / Q2 / Q3 was 10% / 1.

7% / 13.

4%; the growth rate of net profit after deducting non-attribution is 8 respectively.

5% /-47% / 18%, the third quarter revenue and profit showed a significant inflection point.

In line with our assumptions in the 2019 Interim Report review: The company is still in the period of operation adjustment in the first half of the year. With the major asset reorganization, the completion of the board change and repurchase, the company is expected to reorganize in the second half of the year.

The recovery of medicines was the most obvious, and health products also improved significantly.

The pharmaceutical sector achieved revenue of 39 in the first three quarters.

910,000 yuan, an increase of 7% a year ago, and a net profit of 2.

99 ppm, -56% at the beginning of the year; Q3 achieved revenue of 14 in a single quarter.

USD 5.8 billion, an increase of 27% in the early ten years, and a net profit of about 3.

430,000 yuan, an increase of about 22% in the early ten years.

We expect that the Baiyao central product will be destocked after a short period of time. At present, the stock has reached the predetermined level. Q3 began to resume normal shipment and restock.

Health product sector is expected to Q1?
3 Revenue growth is about 11% -12%. Due to the H1 growth rate, the Q3 single-quarter growth rate is estimated to be about 30%, which is a significant improvement.

Based on the overall growth rate of the toothpaste market of about 8%, we expect that through the distribution of toothpaste, the market share will increase (currently the domestic market share has reached the number one), as well as increased investment in new categories of resources such as facial shampoos, and health products.Q4 or next year is expected to continue double-digit growth.

Commercial revenue is expected to increase steadily by about 10%. We estimate that the revenue of Chinese medicine resources will continue in the first three quarters.

Management expenses have dropped significantly, increasing sales and R & D investment.

Q3’s single-quarter management expenses were still reduced by nearly 50 million yuan under last year’s executive budget reform, which is expected to be mainly due to Q2’s “light loading” after accruing asset impairment.

However, the company increased sales resources and R & D efforts. Q3 sales expenses increased by 25% each year, and R & D expenses increased by + 68% each year.

Earnings forecast and rating: Maintain forecast EPS to 3 in 19-21.
11/3.

57/4.
09 yuan, corresponding to 19-21 years PE is 26/23/20 times.

The company’s long-term strategic goals are ambitious. After the employee incentives are completed, it will accelerate the extension and have a bright future. Maintain the “Buy” rating.

Risk warning: New product promotion progress exceeds expectations, outbound M & A is lower than expected.

Yogurt meal replacement diet weight loss effect

Yogurt meal replacement diet weight loss effect

Yogurt can both lose weight and gain weight. The key is to eat.

Today Xiaobian introduces you to a yogurt diet method – using yogurt to replace meals, you can quickly lose 7 pounds of fat in a week, as long as you add a small amount of yogurt and food, you dare to try?

  The slimming effect of yoghurt 1. We all know that yoghurt is fermented and fermented by milk. Compared with milk, it is better than blue in nutrition.

  After fermentation, the protein of milk remains, and the calcium content is not lost. Yogurt is better than other calcium sources.

The most surprising thing for women who lose weight is that B vitamins, an important element of burning sputum, will increase after fermentation.

  2, yogurt has a strong sense of fullness, drink a lot of food, and nutrition is also very rich, both carbohydrates, but also aberdeen, protein, and so many vitamins, not high at all, so drink before mealsA small cup can be your meal.

You can even use yogurt to feed your meal for generations.

  3, yogurt contains a large number of active lactic acid bacteria and short-chain fatty acids, can promote the body’s peristalsis, thereby treating constipation and reducing weight.

  Slimming Xiaobian Tip: Yogurt can both lose weight and gain weight.

The key to both roles is how you drink.

If you have enough to eat, come back with a box of yogurt.

This is a small meal after each meal, it can also improve digestion and absorption, it will easily gain weight.

  7 days drastically reduced 10 pounds of yogurt meal replacement method the first day: cucumber + yogurt cucumber and yogurt are well-known beauty diet foods, have a good slimming effect.

But their speed is very low, so on the first day, cucumber and yoghurt are available all day long, and they will eat when they are hungry.

Also pay attention to drink plenty of water.

  The next day: Apple + yogurt with apples and yogurt for meal replacement, if you want to drink juice, you can also use apple juice, and then add yogurt for meal replacement.

  Day 3: Brown sugar + yoghurt Add 2 grams of brown sugar to each cup of yogurt, drink it after mixing, adjust the environment in the intestines, promote bowel movements, and amateurs are more likely to burn.

  Day 4: Return to normal diet, eat a full three-day meal replacement for seven minutes, take a little rest, properly regulate the stomach and replenish the nutrients needed by the body.

However, be aware that in order to reduce the burden on the stomach, you should not eat too much. You can eat only seven points per meal. You should eat more fruits and vegetables, and do not eat fried food.

  Day 5: Green papaya + yogurt with green papaya peeled, cut into small pieces, and then juice, transferred to the yogurt allows, you can lose weight, as well as amazing breast enhancement effect.

  Day 6: Banana + Yogurt Eat bananas and yoghurt, which can also promote bowel movements while losing weight.

You can eat it directly or squeeze it with banana and mix it with yogurt to make a delicious banana yoghurt.

  Day 7: Green tea powder + yogurt a week to lose weight plan to the last day, although very hungry and a little weak, but must bite the teeth to stick to the end.

  Today, use 10 grams of green tea powder and add to 200 grams of yogurt.

Green tea powder yogurt can promote detoxification, treat constipation, and also eliminate acne and radiation.

  Slimming Xiaobian Tip: During the weekly yogurt replacement meal, if you do 15 minutes of yoga or weight loss exercise every day, the effect of slimming will be better.

  In addition, the conversion of yogurt meal replacement diet recipes is very low, depending on their physical condition to decide whether to use this weight loss method.

And it can’t be practiced for a long time. If you use yogurt for a long time to lose weight, it is easy to cause health problems such as hypoglycemia.

Eating watermelon does not diminish long meat?

Eating watermelon does not diminish long meat?

Modern nutrition requires that the human body should consume a small amount of food every day in a variety of categories.

Cucumber, bitter gourd, etc. are low in feces, protein, impurities, and high in fiber content, which is indeed conducive to weight loss, but as cold foods, those with spleen deficiency and cold stomach are not suitable to eat raw.

  Nowadays, many young women use “full melons and fruits” as their last supper for beauty and weight loss, and some even eat half a watermelon.

Some people transfer the fruit to breakfast, a peach + a bag of milk.

In their opinion, melon and phospholipid fiber, with almost no exceptions and protein, can be eaten with confidence.

  Based on this, Li Xin, the country ‘s first five-star personal trainer and personal nutritionist at Jade Bird Fitness Club, believes that half a watermelon (melons weighing about four or five pounds) produces about 680 calories, which is equivalent to three bowls of rice.

The trace amounts of fruits are not all very low, such as muskmelon, watermelon, pineapple, papaya and other fruits, which have high sugar content and are easily converted to fecal accumulation when eaten too much.

  According to Ximu, deputy director of the China Healthcare Expert Committee and Peking University’s China Center for Medical Economics, fruits have three series: red light, yellow light, and green light. During the diet, you must strictly avoid eating bananas and pineapples.Fruits with high sugar content such as watermelon.

  Li Xin said that people generally lose weight instead of losing fat. What they take away is water, which leads to dull skin and loss of body.

And because of a single intake, malnutrition causes harm to the body.

Health club think twice

Health club think twice

How can I choose the right fitness club for you?

Stop wasting your time and money, lift your head out of a bunch of advertisements, here are what you know, you do n’t know, but they are definitely practical selection guides, because there are too many before youlesson.

  Open the crisis situation file one: Name: Liu Ting Occupation: Brand director of the Internet company Participation in the fitness club: When I chose the fitness club, I just felt that this was very close to my company and my fitness purposeIt’s simple. I just want to stay in shape, so I signed up without much thought.

I am relatively lazy. In order to urge myself, I signed a one-year agreement.

But who thinks that fitness center was closed down less than a month after I signed up because they didn’t have a business license. I paid a full 1 year registration fee at the time, and now I have nowhere to chase it.

  File 2: Name: Wang Weiyan Occupation: Officials and staff members participate in fitness clubs: Actually I am not very fat, but I always feel that there is more excess meat on my legs. My colleagues recommended me a fitness club, so I paid, Reported a three-month class.

But on the first day of class, I felt very deep. The sound there was so bad that it hurt my heart, let alone follow it.

But the next day when I wanted to refund my money, I was besieged by the club staff.

  File 3: Name: Andy Occupation: Record company marketing media Participation in fitness clubs Purpose: Equipment fitness I like to do equipment training, I like the sound of equipment, so I found a fitness club.

During the first two months, I practiced well, but one day, when I practiced the barbell, because of the sweat on my hand, the barbell took off my hand and hit my feet, causing a fracture of the foot bone.

Later, I asked them if they were insured for me. The answer disappointed me. I paid a total of more than 1,000 yuan for medical expenses, and I rested at home for an entire month before barely supporting me to go to work.

  Choosing a fitness club-Reason first When we choose a fitness club, we often seek information from family, friends, colleagues and doctors, but most of this information is one-sided, not replacing strong personal feelings or othersHard to fit your own feet.

The dazzling electronic equipment is not enough to explain the quality of the gym. What’s more important is the professional quality of the gym coaches and whether their service attitude is serious and careful.

Then, during the time when you will need to visit the club, do not hinder a field trip, especially to have some time to communicate with members who are already working out.

  Do n’t choose expensive, just choose the right one through your personal experience of the fitness club, answering the following questions will help you make a clear judgment: 1.

Is the establishment of a fitness club legal?

  2.

Are the members there friendly and helpful?

  3.

Is the club’s environment clean?

  4.

Are fitness instructors all experts in the courses they teach?

  5,

Will new members get instruction on curriculum and equipment use?

  6.

Can the curriculum in the club meet your all-round needs?

(Certain aerobics, hip-hop, yoga, etc.) 7.

Is your club overcrowded during your best fitness time?

  8.

Can they help you take care of your children if you need them, or arrange activities for them?

  9.

Is the club’s transportation convenient? If you want to drive by yourself, are they enough parking spaces?

  Did you think of this before you signed the agreement?

  When you are at the club level, they will let you sign an agreement, so for this agreement, it involves your personal interests, and must not be signed rashly.

  1.

Don’t miss every word.

The Chinese language is too powerful. Even if you are one foot tall, you must be careful that someone will say that.

  2.
Determine the time limit for membership.
When setting the course time limit, the club will give you a few suggestions, such as one year, one quarter, or one month. If your own character is not strong enough, it is best not to choose too long to join the club.

  3.

Insurance.

Didn’t mention in the agreement that the club will provide personal accident insurance. If you unfortunately hurt a lot or touched your leg, the role of insurance cannot be ignored.

Generally, if most clubs do not provide insurance, they will also provide customers with certain benefits in the agreement for accidental injuries in the club.

  4.

Beware of invalid promises.

If the club promises that you can reach a certain level in the shortening, and lose a few kilograms of weight, it must be illegal, don’t believe it.

  5,

Exit halfway.

No matter if you ca n’t keep up, or you are no longer satisfied with this club, in short, when you decide to quit halfway, whether you can get the remaining costs and how much you can get are all up to you.Must be clear in advance.

  6.

cost.

Is there a breakdown of the fees (training, bathing, etc.) that the health club receives from you?

  7.

Damaged instrument.

As a customer, are you responsible for possible damage to the device?

  Start small and do the final inspection1.

Medical assistance.

The club should have at least a small medicine box with simple but necessary trauma medication.

  2.

Fitness files.

If this is a first-class fitness club, it will provide you with a fitness file of your own, including all aspects of your body when you join the club, and pass tracking tests to supplement new information at any time.

  3.

Fitness coach.

Fitness coaches are the most direct guarantee of your fitness goals. Their professional quality and teaching level are the focus of your attention.

Have they participated in some of the more authoritative competitions and achieved a certain ranking; have they received professional training (have a degree recognized by the state) and so on.

  4.

The necessary phone number.

If the club you choose is far enough away, emergency calls will be placed in obvious places.

No.

Including: emergency telephones commonly used by police, fire, medical, etc.

  5,

complaint rate.

When time permits, you do n’t want to stop calling and ask about consumer associations. Their information is the most authentic and reliable.

  Special recommendations for professional athletes: * Fitness is a lifetime issue, and weight loss cannot be achieved overnight. Only when you can easily and happily complete the exercises prescribed by your coach can you consider increasing the weight of exercise equipment.

Otherwise, it may cause sports injuries.

  * Muscle pain cannot be eliminated by exercise.

The tearing of small fibers is a bad result caused by high-intensity muscle training. You may wish to give yourself 3 days to recover.
  * For everyone with patience, if you have a fitness group and at least some of them are always involved, then it will be easier for you to continue to exercise.

What is the effect of 枇杷?

Who are not suitable for eating ravioli?

What is the effect of 枇杷?
Who are not suitable for eating ravioli?

It is a relatively common fruit. Many people in life like to eat ravioli, and eating ravioli has many benefits, because ravioli itself is a traditional Chinese medicine, and Chinese medicine is mainly used for antitussive drugs.Some medicated meals.

So, what are the benefits of eating ravioli?

What are the nutritional benefits of ravioli?

  The nutritional value of 枇杷 is not only delicious, but also rich in nutrition.

The main ingredients are sugars, trace amounts, proteins, cellulose, pectin, fermented substances, carotene, malic acid, citric acid, potassium, phosphorus, iron, calcium, and vitamins A, B, and C.

Among them, the carotene contained in coriander is particularly rich, ranking third among fruits.

Moreover, the carbohydrates contained in coriander are also quite abundant, mainly glucose, fructose and sucrose.

  Efficacy effect 1, promote digestion.

Adding organic acids can stimulate the secretion of the digestive glands, effectively increase appetite, quench thirst and relieve heat, and promote digestion and absorption.

  2, Runfei cough.

The bitter almonds contained in tincture can effectively moisturize the lungs, relieve cough, and expectorantly.

  3. Prevent colds.

The fruits and leaves have the effect of inhibiting the influenza virus, and regular consumption can prevent colds.

  4. Prevent vomiting.

The leaves can be air-dried and then made into tea leaves, which can effectively relieve heat and lower the air, and lower the stomach, is a good anti-vomiting product, and can treat various vomiting and hiccups.

  5, weight loss.

Rhenium is mixed with coarse fibers and mineral elements.

Every 100 grams of mandarin pulp contains 0.

4 grams of protein, 6.

6 grams of cobalt.

枇杷 also contains vitamin B1 and vitamin C, is a very effective weight loss fruit.

  What kind of person is not suitable for eating ravioli?

  Scallions do have many functions, but some people are really not suitable for eating.

Let ‘s take a look at what is not suitable for eating ravioli.

  1. Eat less sputum cough.

枇杷 has a strong effect on cough. Most people who cough in life hope to be improved by eating 枇杷, but the sugar content and water content of 枇杷 is still relatively high. For some people with cough and sputum,In other words, it is best not to eat tadpoles, or they will increase their sputum volume; 2. Fasting due to spleen deficiency and diarrhea.

It is a cold food, and it also contains a relatively high cold.

But after eating, it can obviously improve the digestive function of the spleen and stomach, thereby causing the possibility of diarrhea.

Therefore, for those with cold spleen and stomach and those who are prone to diarrhea, they should not eat pimple to avoid exacerbation of the disease; 3, wind cold cough fasting.

Cough is the main symptom of a cold, and for some people who have a cold and have a cough.

If you eat it, it will not improve the cough obviously, but it will increase the possibility of cold and cold. 4. Menstrual women should not eat more.

Women need to maintain peace during their menstrual period, and they also try to focus on light diet.

However, lotus root is a kind of cool fruit. Women can’t consume too much lotus root during menstruation, otherwise the dysmenorrhea will be caused by uterine cold complications.

Observation of Yan in Traditional Chinese Medicine

Observation of “Yan” in Traditional Chinese Medicine

Introduction: Observation and observation are usually judged by looking at someone’s language or expression.
In the diagnosis of traditional Chinese medicine, we will also use the “Yan” and “Color” to judge the health of the body.
A person’s face is closely related to his physical health. Traditional Chinese medicine diagnosis and treatment methods such as “looking, smelling, asking, and cutting” have always been an important basis for seeing a doctor. This is due to the rise and fall of the whole body’s blood and blood, which is often shown on the face.
  A healthy person’s face is rosy, indicating fullness of blood; while a person who is unwell, has a fair complexion, indicating weakness of blood.
Generally speaking, the face of healthy people is usually yellowish, ruddy and shiny; unhealthy people often show a variety of abnormal complexions, such as pale, flushing, bruising, yellowing, black and so on.
  Pale complexion is caused by insufficient filling of the capillaries in the face. Traditional Chinese medicine believes that this is mostly a deficiency or chill, which is a sign of poor constitution.
In addition, such as heavy bleeding, shock caused by strong capillary contraction, hypothyroidism, chronic nephritis, lead poisoning, etc., can also cause paleness.
  There are two types of flushing face: physiological and pathological.
The former appears to be related to drinking, sun exposure, strenuous exercise or emotional activity, anger or shyness, etc .; the latter mainly occurs in high fever diseases caused by infection, such as typhoid fever, malaria, tuberculosis and pneumonia.
For example, taking drugs such as atropine to dilate blood vessels, and taking a large amount of hormones can cause temporary flushing of the face.
In addition, patients with lupus erythematosus and people with carbon monoxide poisoning may also develop flushing symptoms.