[Baby cooking noodles Daquan]_ kids eat _ how to make

[Baby cooking noodles Daquan]_ kids eat _ how to make

When the baby reaches a certain age, we can add complementary foods, mostly softened and digestible foods. Noodles are one of them.

When cooking noodles for babies, you can add some side dishes appropriately, which will not only make the noodles taste better, but also supplement the nutrition needed by the babies, such as shrimp and spinach.

There is no difference between cooking noodles and normal cooking methods. The main thing is not to add those seasonings, and then I will briefly introduce the method of noodles.

A baby food supplement every day, healthy and delicious.

Assorted with other shrimps, Arctic shrimp are richer in nutrition.

It contains a large amount of high-quality unsaturated fatty acids, and it is also a supplemental source of high-quality protein, excludes cholesterol, and is occasionally extremely low in calories.

At the same time, it has not yet caused vitamin B12, zinc, iodine, phosphorus, potassium, selenium, iron and trace elements such as calcium, magnesium and sodium.

Pregnant women can also supplement their nutrition by eating Arctic shrimp.

Adding Arctic shrimp to the noodles is very delicious, and with some green vegetables, a nutritious instant noodle is here?
Youmai vegetable 3 leaves arctic shrimp 3 tomatoes 1 walnut noodles spinach noodles Tools: ordinary pot Reference month age: 10 months and above Applicable object: baby who is not allergic to the above ingredients?

The age of the month and the method are for reference only. Baomas are reasonably adjusted according to their baby’s situation. Can the ingredients be replaced with the existing ingredients at home?
1.

Ingredients: 3 leaves of lettuce, 3 pieces of Arctic shrimp, 1 piece of tomato, 2 pieces of walnut noodles and 2 spinach noodles.

Bring the water to a boil, add Arctic shrimp and cook over medium heat for 7 minutes3.

During this period, the tomatoes are peeled and chopped; the method of peeling tomatoes has been introduced many times: first use a knife to draw a cross on the top of the tomato, then put it in boiling water and blanch it.Get up, peel the tomato peel easily along this curling edge at this time.

4.

4. Add another pot, add the cabbage simmer for 1 minute and a half after the water is boiling;

Green vegetables cut into sections; 6.

6. Chop the Arctic shrimp and chop it after cooking; 7.

Pour walnut oil into the pan and stir fry the tomatoes until soft; 8.

Pour in the North Pole Shrimp and stir fry for 2 minutes; 9.

Pour in warm water and boil; 10.

10. After the soup is slightly thick, put the noodles in the pot and cook on medium heat; 10.

After the soup is slightly rich, put the noodles in the pot and cook on medium heat;

[Can mung beans remove speckle]_Mung beans_Assumption_Benefits

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[Can toon hypertension eat?】 _High blood pressure_Can you eat

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Zhaoyan New Drug (603127): Third-quarter results improved over-stocking and subsequent volume

Zhaoyan New Drug (603127): Third-quarter results improved over-stocking and subsequent volume

On the evening of October 30th, Zhaoyan New Drugs released the third quarter report of 2019, achieving operating income, net profit attributable to mothers, and net profit attributable to mothers after deduction of 3 respectively.

4.8 billion, 76.48 million and 60.36 million yuan, an increase of 42.

95%, 33.

66% and 38.

95%, achieve EPS of 0.

47 yuan / share.

A brief review of the improvement in the third quarter’s single quarter profit growth is mainly due to personnel and cost growth, and it is expected to gradually achieve high growth.

In the third quarter, the company realized operating income, net profit attributable to mothers, and net profit attributable to mothers after deduction of 1, respectively.

4.7 billion, 36.35 million and 31.73 million yuan, with annual growth of 35.

86%, 4.

50% and 12.

73%.

In the third quarter, the company’s profit increased rapidly in the single quarter and was scrapped earlier, mainly due to an increase in gross profit margin compared to the same period last year.

The company’s gross profit margin for the first three quarters was 51.

56%, down by 1 every year.

73 averages, the single quarter gross margin fell by about 3 in the third quarter.

29 units.

We believe that the main reasons are as follows: ① In the third quarter of last year, the company’s gross profit margin and net profit margin were at historical highs. Since the beginning of this year, the staff expansion caused by the new production capacity of workers has increased to a certain extent in costs and expenses, which has improved the profit margin;② Animal costs have increased since 2019. With reference to the company’s order cycle, most of the orders confirmed in the third quarter are for this year’s orders, which has an increase compared to the same period last year. ③ Some new businesses, such as PV, clinical CRO, and other businessThere has been a certain change in the structure, and the new business has lowered the overall gross profit margin due to the weak profit level.

Regarding the impact and outlook of the company’s performance, we believe that the company can still achieve higher performance growth because ① the company’s balance sheet has a high inventory level, there are overlapping and outstanding orders, and it is expected that some orders will be relatively delayed in the third quarter; ②The company history has an imbalance between order confirmations before the quarter, the alignment ratio of confirmed orders to area in the fourth quarter, and the company’s performance changes will also be relatively large in the first three quarters.

③ The company’s new capacity was put into use in May this year. According to the company’s average order cycle, it is expected that the new animal house will contribute some performance to the company in the fourth quarter.

In terms of other financial data, the company’s operating cash flow in the first three quarters decreased by 20 year-on-year.

11% is expected to be mainly due to staff budget growth and animal cost growth.

During the first three quarters of the period, the overall cost fell by 1.

99 units, of which sales (806 million, +90.

44%), management (64.37 million, +20.

83%), R & D (26.74 million, +47.

04%), finance (-2.2 million, -26.

96%) expense ratios are 2.

31%, 18.

47%, 7.

68% and -0.

63%, an increase of 0.

58, -3.

38, 0.

21, 0.

60 units.

The higher selling expenses are expected to be the reason for the company’s development of new business, and the management expense rate will continue the trend of interim reporting, which is expected to be mainly due to the decrease in biological asset expenditure.

The order and inventory are sufficient, and the follow-up performance is subject to volume.In terms of orders, we expect the company’s current orders on hand to continue to rise compared to the interim report.

At the same time, the company’s balance sheet has an inventory of 2.

180,000 yuan, an increase of 90 compared with the third quarter of last year.

75%.

The estimated inventories are mainly unfinished costs, which indicates that the company’s currently executing orders have a significant increase compared to the same period of the previous year, including some of the increase caused by the use of new animal houses. The subsequent orders will be in the fourth quarter or next yearConfirmed that the future performance growth is highly certain.

The main business enjoys the dividend of domestic innovative drugs, and the new business and subsequent capacity expansion are smooth.

The new animal room of the company’s Taicang base was put into use at the end of May. The area of the animal room increased by 10,800 square meters, an increase of more than 50%.

Subsequent companies will set up new bases in Wuzhou and Chongqing, and cooperate with the reorganized bases in Beijing and Taicang to better cover the national security assessment business.

In terms of new business development, the company’s clinical CRO and pharmacovigilance businesses are in the early expansion stage, with a small income volume, and have now generated profits, but it is expected to become the company’s new business growth point in the future.

In addition, the company’s overseas acquisition of Biomere in the United States is progressing steadily, and it is expected to complete the delivery and release this year.

At present, the company’s main business industry has a high degree of prosperity. As the industry leader, Zhao Yan will preferentially enjoy the dividend of the innovative drug market. The follow-up company will also smoothly advance in capacity and new business expansion.

Earnings forecast and investment rating We estimate that the company’s net profit attributable 深圳桑拿网 to its parent for 2019-2021 will be 1.

52, 2.

12 and 2.

8.9 billion, the previous growth rate was 40.

5%, 39.

2% and 36.

3%, corresponding to EPS per share of 0.

94, 1.

31 and 1.

79 yuan / share, corresponding to 65, 47, and 34 times the current PE, maintaining the “overweight” rating.

Risks indicate that the number of orders has grown less than expected; the expansion of production capacity has fallen short of expectations; the clinical business, pharmacovigilance business and overseas business have expanded less than expected.

RMB appreciation aviation aviation paper finance welcomes industry catalyst

RMB appreciation aviation aviation paper finance welcomes industry catalyst

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

  Original title: Aviation papermaking finance ushers in another industry catalyst Source: Financial Investment Daily analysis believes that the appreciation of the RMB will reduce the cost of interest rates.

  Recently, the renminbi has risen steadily, and the exchange rate has risen from the deduction. The appreciation expectation is obvious.

It can be seen that the US dollar index has appreciated by 1% this year, but the exchange rate of RMB against the US dollar has appreciated by more than 1%.

  Analysts pointed out that since the second half of last year, the PMI index has been 50 for two consecutive months.

2. Standing above the line of prosperity and dryness, it shows that the counter-cyclical contraction effect has appeared, the macroeconomic operation has stabilized and recovered, and the long exchange rate has risen.

The appreciation of the RMB will have a positive impact on a number of industries, including the aviation, papermaking, and large financial sectors. Investors can pay attention to related sectors and individual stocks.

  ■ Correspondent Lin Ke Photography Li Li1 Civil Aviation: Payment costs are expected to decrease. In November 2019, Air China, China Eastern Airlines, and China Southern Airlines ASK (available passenger kilometers) increased by 4 each.

0%, 10.

60%, 6.

52%, passenger traffic growth rate was 3.

2%, 6.

94%, 9.

06%, the three major airlines in terms of load factor have mixed.

On the whole, the growth rate of the air passenger market has slightly rebounded from the previous month, and the air transport market has maintained an overall growth trend.

According to the forecast of the General Administration of Civil Aviation of China, the passenger transportation volume of civil aviation during the Spring Festival in 2020 will reach a record high, which is expected to reach 79 million, with an annual increase of about 8.

4%.

  From the perspective of the industry, overall, the formal entry into the era of air travel, although the number of passengers per capita continues to increase, but still very different from the United States, there is still room for growth in air travel demand.

From the perspective of catalysts, as one of the RMB appreciation sectors, the aviation industry will benefit from RMB appreciation.

Some analysts pointed out that the aviation industry is a typical foreign exchange compensation industry, especially liabilities. There may be a large number of aviation equipment financing lease liabilities, and a certain amount of interest expenses and principal need to be paid each year.

Foreign exchange foreign currency debt ratio is high, RMB appreciation will cause one-time exchange gains, RMB appreciation will reduce the cost of interest rates.

  Western Securities analyst Wu Jianliang said that aviation supply will continue to shrink in 2020, demand bottom will pick up, supply and demand will improve margins, and the industry is still in a high economic range.

The marketization of low-base blended air tickets continues to advance, and freight rates are expected to stabilize and rise.

At present, the three major aviation PBs are estimated to be in the historical bottom area, and the safety margin of the plate is high. It is recommended to place the layout.

Investors are advised to pay attention to China Southern Airlines, Juneyao Airlines, Spring Airlines.

  Potential stocks selected by China Southern Airlines (600029) benefited from the Guangdong-Hong Kong-Macao Greater Bay Area companies in the first half of 2019 to improve route quality, ASK growth rate slightly shifted, and gradually increased by 10.

1%.

At the same time, the company ‘s capacity structure in China is relatively high, and its short-term geopolitical impact is small. The oil tanker interval base itself, and if the 737Max grounding time exceeds expectations, it will benefit the industry’s supply and demand structure.

In addition, China Southern Airlines Group has formally implemented diversified and diversified reforms, with Guangdong State-owned Capital injecting 30 billion yuan.

The forthcoming capital increase is expected to be injected into listed companies, which will reduce the company’s asset-liability ratio, reduce financing costs, and provide capital protection for the long-term development of the company.

The capital increase will mainly serve the “Belt and Road” and Guangdong-Hong Kong-Macao Bay Area strategies and accelerate the construction of the “Guangzhou Road”.

At present, the scale of Baiyun Airport’s competition in the Guangdong-Hong Kong-Macao Greater Bay Area continues to increase, and the company as the main base hub airline company will fully benefit.

  China Eastern Airlines (600115) has a huge business collaboration space. The company is located in the hinterland of the economically active Yangtze River Delta and has accumulated rich business express lines for decades.

Affected by the combined effects of economic fluctuations and major events, business and business demand weakened in the third quarter of 2019, and business express lines were significantly affected.

Among them, the quality of Shanghai’s market revenue has dropped significantly.

The company actively controlled costs and improved efficiency. In the third quarter, it reversed the trend and realized positive growth in main business profits.

After the National Day holiday, public business demand gradually stabilized and picked up, and the decline in domestic revenue narrowed rapidly.

It is expected that demand will gradually continue to recover in the next six months, and the main business profit will continue to improve every year.Guotai Junan Securities pointed out that in the past five years, China Eastern has led the mixed reform.

One after another with Delta, Air KLM and Ctrip to establish capital ties and complete cross-shareholdings with Auspicious.

The strategic cooperation of “capital + business” has huge space for business synergy, which is more conducive to the market-oriented reform of the state-owned enterprise system.

  Huaxia Airlines (002928) profit-end performance elastic binding company is the first and only regional airline in China, with 144 routes, 92% of which are solo, and established six in Guiyang, Chongqing, Dalian, Hohhot, Xi’an and XinjiangThe operation base and three starting bases of Tianjin, Chengdu and Xingyi, the branch route points account for 43% of domestic branch airports.

The company has fully benefited from the booming third- and fourth-tier aviation markets. It has a first-mover advantage at all times, and its aircraft utilization and load factor have steadily increased.

China Merchants Securities pointed out that the company merged the regional aviation niche market and cooperated with the mainline aviation company. Its business model guarantees that the revenue will grow steadily with the input of transportation capacity.

With the rapid growth of demand for third- and fourth-tier aviation, while oil prices remain relatively low, the exchange rate has stabilized in stages, and the company’s profit-side performance in the next two years will be elastically transmitted.

  Juneyao Airlines (603885) flight airline company bases on two flights in Shanghai, with a market share of about 9% in Shanghai Hongpu and 64% in June in Shanghai.

Shanghai + Nanjing accounted for 79% of total auspicious passengers.

Jiuyuan Airlines, the company’s holding subsidiary, uses Guangzhou Baiyun Airport as the main base airport. It is the only airline in China with the main operating base in Guangzhou except for China Southern Airlines. It is also the only main base flight in Guangzhou.

Haitong Securities pointed out that after the first intercontinental route Shanghai Pudong-Helsinki made its first voyage, the 787 entered a normal operating rhythm.

Subsequent companies plan to open intercontinental routes such as Melbourne, Manchester, Iceland, Dublin, etc. The overall aircraft operating efficiency is expected to further improve.

In addition, the Shanghai Municipal Government has excellent supplementary policies for intercontinental airlines in the base airlines, and the supplementary increase is also important.

  2 Papermaking: Favorable for high import companies’ recent restructuring of the second foreign waste import. The cumulative total of two consecutive stages before 2020 is 319.

In 2009, the logic of the reform of the supply side of raw materials was deduced as scheduled.

Sofan Securities analyst Shi Fanke (Jin Qilin analyst) pointed out that according to the communication with the industry chain, although the papermaking and finished product inventory cycle has bottomed out, the current industry chain replenishment has not yet started, and the terminal demand margin will stabilize in 2020.Under the background of restricting the supply of upstream raw materials, the economy will definitely rise.

  Some people in the industry pointed out that the appreciation of the RMB will help reduce the cost of imported raw materials in the paper industry.

At the same time, due to foreign currency debt, the conversion of RMB appreciation will bring considerable exchange gains for some enterprises.

Trade frictions have eased and expectations are expected, the renminbi continues to appreciate, alleviating cost pressure on paper companies, and companies with a higher proportion of imported pulp are more sensitive.

At the same time, through the steady advancement of supply-side reforms and environmental protection inspections, the backward production capacity of the papermaking industry was accelerated and eliminated.

In addition to the impact of the abolition of new regulations, the industry’s concentration has continued to increase, and leading companies’ bargaining power will also be improved.

  With the price increase of the base paper in the early season of the fourth quarter of 2019, the bottom of the inventory has entered the replenishment stage. The paper prices of the various paper grades have stabilized and the logic of the rise has been smooth. The raw material side has been running in real time.

Industry insiders pointed out that in the third quarter, pulp prices continued to decrease sequentially, and port inventories in major global consumer markets remained high. In the next six months, the existing inventory pulp prices will continue to bottom out, which will continue to benefit pulp and paper companies, Sun Paper, and Chenming Paper.
In addition, the increase in the raw material gap under the limit of waste paper believes that the lack of endowment accelerates the clearing of SMEs in the industry, and has a comprehensive recycling channel and upstream layout leader Shanying Paper. Sun Paper continues to expand and its growth logic appears.

  Potential stock selection Huatai Co., Ltd. (600308) New Year’s Performance 南京桑拿网 and High Resilience The company is the world’s largest news production base and the nation’s largest salt chemical industry base. In 2018, the growth rate was affected by the downturn of the paper industry cycle.

Zhongtai Securities pointed out that the overall cycle of the papermaking industry has declined marginally, but the size of cultural paper is better. The top four companies of coated paper cover 95% of the market share. The cultural paper industry has a higher concentration and supports the bargaining power to the industry leader.

The company has advantages in scale and customer advantage, leading the industry in newsprint business.

At present, the company’s leading product newsprint is exported to Europe, America, Southeast Asia, South Korea, India and other regions, and has established long-term friendly partnerships with major national newspapers, party newspapers, and printing materials companies.

If the company successfully realizes the production capacity of grade 1 m-phenylenediamine in 2019, it can increase its performance by 700 million to 1 billion, which will become the biggest highlight in 2020, which will bring high flexibility to the company’s 2020 performance.

  Chenming Paper (000488) ‘s single-quarter profit increased quarter-on-quarter, although the company’s third-quarter performance appeared, but it increased by 18 compared to the previous quarter.

32%, quarterly profit increased quarter-on-quarter.

The unit production cost of self-made pulp is much lower than the price of externally purchased commercial pulp, thereby improving the company’s cost control ability and maintaining stable production operations.

GF Securities pointed out that after the second quarter of 2019, the market has clearly improved. The average price of major paper types has increased. The price of raw materials and wood pulp has continued to decline. The overall profitability of the industry has improved. The Shouguang Meilun 51-year high-end cultural paper project invested and constructed since 2018., Shouguang headquarters cultural paper renovation project, Shouguang Meilun 100 chemical pulp project, Huanggang Chenming chemical pulp project is operating normally, and the improvement of the self-sufficiency rate of wood pulp will help improve the profitability of papermaking.

Overall, corporate profit is expected to continue to improve based on the expectation of replenishment of cultural paper in the fourth quarter.

  Sun Paper (002078) benefited from the waste paper tightening. The company was a papermaking enterprise with obvious advantages in the early stage of overseas factory construction. At the same time, it was actively conducting internal technology research and development to use semi-chemical pulp produced by dissolving pulp waste to replace waste paper to produce corrugated board.
Huachuang Securities pointed out that the company’s 10-year wood chip pulp production line and 40-inch semi-chemical pulp production line have entered a stable production period in 2019, and the natural color high-yield biomass fiber project is expected to be put into production in the fourth quarter of 2019.

At present, 40 recycled fiber pulp board production lines in 120 papermaking projects in Laos are already in production, and finished kraft boxboard in the 1980s is under construction.

The company currently has a total capacity of 160 cartons of corrugated cardboard boxes and 110 tons of waste paper as a substitute for raw materials. This translates into an intensified domestic waste paper shortage in 2020, and the company is expected to benefit significantly.

  Yueyang Forest Paper (600963) dual-main business continued to promote the company to have abundant resources and obvious geographical advantages. The controlling shareholder, China Paper, took the lead in the industry.

The company completed the asset replacement of subsidiaries, dispersed pulping business, expanded part of the papermaking business, acquired Chengtong Kaisheng to enter the ecological garden industry, and created a “paper + garden” dual main business model, which significantly improved profitability.Guotai Junan Securities pointed out that Chengtong Kaisheng, a wholly-owned subsidiary, is fully qualified and has leading technology and design capabilities.

The company steadily promotes the garden PPP model, undertakes a large number of municipal garden projects, has a large number of orders in hand, and participates in the construction of Xiong’an New District.

As the only garden listed company with a central enterprise background, the company can rely on the central enterprise Chengtong Group and China Paper, which has outstanding resource advantages, financing advantages and PPP project acquisition advantages. Industrial transformation and business synergy promote new vigor.

  3 major finances: Benefiting from the global capital inflow of RMB appreciation, global hot money will be welcomed into China, thus bringing additional funds to the financial sector.

Some industry analysts point out that after hot money enters China, it will enter the banking system and securities field.

As for A shares, it is currently at a historically low level. The investment of funds is trying to promote the growth of A shares and further activate the non-bank financial industry.

  As far as the banking sector is concerned, the current sector is estimated to be cost-effective and support the performance of the sector.

Wan Lian Securities analyst Guo Yan pointed out that looking ahead to 2020, the market’s relative estimated advantages in the banking sector will still be obvious under the replacement of ample liquidity in the market.

And asset quality is still an important disturbing factor.

The interest rate differential will enter a downward trend, but the amplitude may be limited.

Considering the establishment of wealth management subsidiaries of various banks, it may drive the growth rate of intermediate business revenue.

Recommended retail business accounted for a high proportion, intermediate business accounted for a high proportion, peers refused stocks with space.

  For the securities sector, in addition to the appreciation of the renminbi to boost liquidity, the improvement of its fundamentals is also the main focus.

From a performance perspective, in December 2019, all 35 brokerages except Pacific Ocean achieved a positive monthly increase in operating income, of which 21 brokers increased by more than 100%.

Fang Caiwei, an analyst at Aijian Securities, pointed out that in 2019, due to a number of favorable internal and external factors, the bright performance of the A-share market led to the steady development of the brokerage business and the performance of the brokerage firm was good.

In 2020, through the implementation of multiple capital market reforms, the vitality of the capital market will be further stimulated, and the performance of listed securities companies is expected to continue the growth trend.

It is recommended to pay attention to leading securities firms such as CITIC Securities and Huatai Securities.

  Potential stock selection China Merchants Bank (600036) highlights the advantages of technology in the company’s financial technology. From the beginning of this year, the development of financial technology will improve its core business indicators, thereby continuing to consolidate its retail business advantages and increase its valuation premium.

CITIC Securities pointed out that because of the card-free era, mobile phone apps replaced bank cards, and at the same time leveraged MAU assessment incentives, the number of retail customers will increase geometrically.

Currently 1.

2.5 billion retail customers are expected to reach around 200 million in the future.

Mobile APP users will eventually become corporate customers and will contribute demand deposits to increase the proportion of demand deposits. Second, after the strength of financial technology has been strengthened, customer portraits have become more complete. CMB has accumulated nearly 10 years of data for long-tail retail customers.The control model is more effective, and the risk management ability of long-tail customers is enhanced, and it exceeds the industry average, and the non-performing rate will continue to improve.

  Industrial Bank (601166) The company ‘s past interbank genes with rich experience in “Internet +” operations will still be able to bring transformation assistance to it in the future.

The role of Interbank Gene lies in its customer resources and “Internet +” operating experience accumulated in the development process of more than a thousand small and medium-sized financial institutions, which will facilitate its differentiated positioning in financial supply-side reform and provide comprehensive financial services for small and medium-sized banks.
In addition, the company conducts comprehensive operations through small and medium-sized financial institutions and subsidiaries to expand business types, which can improve return on assets and diversify risks.

Orient Securities pointed out that the company’s integrated business investment and investment bank has brought rapid growth in non-interest income, improved cycle resistance, and the transfer of interest margins in the index business, which has a comparative advantage in the industry.

In terms of long-term logic, through the continuous expansion of the scale of direct financing, it is expected that the company’s first-mover advantage in bond contracting, underwriting and underwriting will be more significant, in line with the long-term trend of the development of direct financing.

  Huatai Securities (601688) has ranked first in the industry. Since its listing, its capital strength and profitability have accelerated to catch up; benefiting from a clear strategic positioning and strong strategic execution capabilities, the company’s development pace has further accelerated.At the same time as the first echelon, we have a forward-looking layout of wealth management and have seized the first-mover advantage in terms of the introduction of strategic shareholders.

GF Securities pointed out that benefiting from a clear strategic positioning and strong strategic execution capabilities, the company’s continuous development pace has further accelerated, while maintaining the first echelon of the securities industry, it has advantages in the capitalization of investment banks and derivatives.

On the whole, the current opening up of the capital market, the partial innovation of institutional business and the development of wealth management business are the inevitable directions of the securities industry, and continue to be optimistic about the company’s development prospects in the field of wealth management.

  Haitong Securities (600837), a leading high-quality innovative brokerage company, continues to strengthen its internationalization, grouping, and comprehensive layout as a comprehensive all-round leader in A-shares.

The company’s performance in 2019 has grown rapidly, returning to the second place in the industry.

Great Wall Securities pointed out that under the background of the current era of a new era of bottom-up independent innovation that is different from the past, and the requirements of deep and multi-level capital market construction, the supervisory thinking should be limited to large companies with good corporate governance.The sequence of brokerage companies is to try first under the control of innovation risks. As a leading large brokerage company with high-quality innovation genes, the company will have outstanding achievements in innovative businesses such as CDR, GDR, science and technology board, GEM registration system and FICCPerformance, and further incorporated into the monopoly constitution.

The company is expected to benefit from the era of two-way opening up of the industry and continue to be optimistic about the company’s long-term development.

Ping An (601318) Executive Adjustment Event Comment: Lu Min Relays Li Yuanxiang to Escort Ping An Life Insurance Development

Ping An (601318) Executive Adjustment Event Comment: Lu Min Relays Li Yuanxiang to Escort Ping An Life Insurance Development

Event: Ping An of China announced on November 22 that Mr. Li Yuanxiang will resign as the company’s executive director, co-CEO, executive deputy general manager and chief insurance business executive due to personal work arrangements.

Mr. Li Yuanxiang will continue to work until January 31, 2020.

The company will appoint Mr. Lu Min to replace him as chief insurance business executive, in charge of the company’s insurance business and personal comprehensive financial business.

Mr. Li Yuanxiang’s resume: Mr. Li Yuanxiang has more than 30 years of experience in the insurance industry. Since joining Ping An in 2004, he has been committed to combining international advanced insurance concepts with China’s actual conditions and transforming it into Ping An. It has consolidated the core competitive advantages of the insurance business.The upgrade of channels and operating systems has strengthened a solid system platform, established a talent echelon, and achieved continuous development of Ping An Insurance business.

At the same time, Li Yuanxiang also made important contributions to the transformation of Ping An’s finance + technology, finance + ecology.

Successor: Mr. Lu Min Biography: Mr. Lu Min joined Ping An in 1997 and is currently the Group’s Chief Information Officer and Chairman and Chief Executive Officer of 杭州桑拿网 Autohome.

Mr. Lu Min has worked in Ping An for 22 years. In his resume, he has held important leadership positions such as special assistant to the chairman of the group and director of the group’s strategic development center. He has strategic leadership, rich practical experience and outstanding performance contributions.

Mr. Lu Min is very familiar with the insurance business, professional, and has a wealth of industry management experience. He has served as the deputy general manager of Ping An Life Insurance and the chairman of Ping An Health Insurance. At the same time, he has taken into account a good international perspective, outstanding business sensitivity and progressive management and management.Breakthrough ability.

There are reasons to believe that after taking office, he will better promote the data management and intelligent transformation of the insurance sector business, significantly enhance the competitiveness of the insurance business, strengthen the synergy of the personal gold business, and push the insurance and personal gold business to a new level.The current development of Ping An Life Insurance business is in a critical period, and new ideas are urgently needed to escort the development of the business, and President Lu is a suitable candidate for the chief insurance business executive.

Impact on Ping An of China: We believe that the company has a mature corporate governance system, a complete management and decision-making mechanism, and a sound personnel training and echelon construction system.

With the promotion of Chairman Ma Mingzhe, he is gradually promoting the strategic transformation of “finance + technology” and “finance + ecology”, and continues to improve the structure of the three major business groups of the company, the individual, and the technology. The company will further consolidate the consolidated cultural cohesion andThe talent training incentive mechanism meets the major challenges and challenges of the new era and achieves the expected and sustainable development. This executive adjustment will not have a substantial impact on the company’s short-term business and long-term development strategy.

Investment suggestion: The helmsman of Ping An of China is Chairman Ma Mingzhe.

President Ma has recently worked on the 2355 reform of life insurance, and adjustments include personnel changes, regional divisions and departmental layout.

The drastic adjustment of life insurance is a response to unsatisfactory short-term performance, and it is also an eager expectation for accelerated development.

In 2020, as the first year of President Lu’s appointment, life insurance will definitely present a more positive outlook from top to bottom in order to achieve faster development.

We maintain the Air Force’s 2019 NBV growth forecast to 10% (8% per year).

We expect EV growth to be 21% / 20% in 2019/2020, currently continuing at 84.

89 yuan corresponds to the company’s estimated 2020 P / EV of 1.

07X, target assessment 1.

4X, corresponding to the target price of 112 yuan, 32% space.

Risk reminders: Continuous large-scale adjustments by senior executives; new single premium growth is less than expected; agents exceed expectations; interest rates trend downward.

Yunnan Baiyao (000538): Affected by merger and consolidation in the short-term, expecting a subsequent pick-up

Yunnan Baiyao (000538): Affected by merger and consolidation in the short-term, expecting a subsequent pick-up

Introduction to this report: The company was affected by the merger and consolidation of Baiyao Holdings in the short term, the rapid growth of large health income, the pharmaceutical industry is still in an adjustment state, and the business consolidates its regional leading advantages. In the future, it will follow the mixed reforms, promote accelerated growth after the optimization of incentives, and maintain a flat growth.

Investment Highlights: Maintain Overweight rating.

Considering the merger of Baiyao Holdings and the impact of multiple expenses and asset disposal income, the EPS forecast for 2019-2021 is lowered to 2.

83/3.

20/3.

66 yuan (was 2).

99/3.

43/4.

02 yuan), 合肥夜网 correspondingly lowered the target price to 96.

00 yuan, corresponding to PE 30 X in 2020, maintaining an overweight rating.

After the merger, the caliber changed, and the main performance of the original listed company was stable.

The company achieved revenue of 138 in 2019H1.

9.7 billion (+5.

72%), net profit attributable to mother 22.

4.7 billion (+8.

59%), deducting non-attributed net profit11.

3.5 billion (-25.

93%), operating net cash flow -4.

5.1 billion (-111.

86%). The decrease in non-net profit was mainly affected by the merger and consolidation of Baiyao Holdings. It is expected that the caliber performance of the original listed companies will be stable. We expect to continue the mid-term report under the new caliber.

Great health income has grown steadily, medicines can still be adjusted, and business has consolidated regional leading advantages.

The oral health products subsidiary achieved revenue in the first half of the year24.

7.4 billion (+5.

25%), Baiyao toothpaste has remained stable, and its market share has increased to 20.

1%, surpassing blacks in all channels to leap first in the country.

The parent company achieved revenue of 25 in the first half.

3.3 billion (-1.

48%), Q2 revenue growth has improved, and the Pharmaceutical Division is still in an adjustment state.

The Chinese Medicine Resources Division is expected to maintain stable income, and the profit side will be affected by the loss of inventory prices.

In the first half of the year, the provincial pharmaceutical company achieved revenue of 89.

6.2 billion (+15.

76%).

Hybrid reform and regeneration have been progressing steadily, and we look forward to stimulating and optimizing the amount of addition.

The new election of the company’s board of directors / supervisory committee was successfully completed. The company’s new executives were hired (the position of the original senior management team remained basically unchanged), and new core staff costs such as directors and supervisors and management measures for assessment were cancelled.Guidance, reasonable and efficient, forecast performance, and guide long-term.

The company actively promotes the repurchase of shares for employee stock ownership plans, and adds impetus to the return to the fast track by improving the market-based equity incentive mechanism.

Risk warning: New product expansion is less than expected; outbound M & A progress is less than expected.

Six Magical Acupoints in Chinese Medicine

Six Magical Acupoints in Chinese Medicine

Some patients are very anxious when there is a sudden outbreak of the disease because they have no medication at hand or are too far away from the hospital. Sometimes they have to watch the situation worse.

Here are some methods of using acupoints for emergency treatment: point pressing Hegu acupoint for syncope Hegu acupoint is located on the back of the left and right hands, between the two metacarpals, and slightly close to the second metacarpal.

When the patient suffers from syncope due to heat stroke, stroke, collapse, etc., unconscious, pale, and sweaty, he can pinch the patient’s Hegu acupoint with his thumb.

After pressing for 2 minutes to 3 minutes, symptoms such as syncope may disappear.

  Pressing Zhiyang Point to relieve angina pectoris Zhiyang Point is located at the inferior concavity of the 7th thoracic spinous process, that is, in the supine position. When in the vertical arm, the lower edges of the left and right scapular angles pass through the midline of the spinal line.

Patients with angina pectoris often experience retinal compression and suffocation.

At this point, the patient can hold a 5-cent coin and insert it into the acupoint with the edge of the coin.

Press for 3 minutes to 6 minutes, angina pectoris can be relieved. If you press it to the acupoint regularly 3 times a day, you can prevent angina pectoris.

  Press the Laogong acupoint to treat a sudden increase in blood pressure with a fist, and the middle fingertip is the Laogong acupoint.

Hypertensive patients may increase their blood pressure sharply due to anger, anger, or excitement. At this time, they can squeeze the Laogong point and gradually tilt with the thumb from the Laogong point of the other hand.Left and right hands alternate.
When poke, keep calm and breathe evenly.

Sudden rise in blood pressure after induction can be relieved.

  Press the heel of the foot to stop the nose. When a nosebleed occurs, you can quickly pinch the heel (inserted between the joint and the calcaneus).

Left nose bleeding, pinch the right heel, right nose bleeding, pinch the left heel, you can stop bleeding immediately.

  Pressing Yanglingquan points to treat cholecystitis in patients with biliary colic, venous cramps in the right upper abdomen can occur when gallstones occur, and point pain can be used to relieve pain.

The method is: find the tender point under the fibula head on the lateral side of the right calf, namely Yanglingquan.

Use both thumbs to stop the Yangling Quan acupoints on both calves.

Massage for two minutes to get a good result.

  Point pressure Sanyinjiao for the treatment of renal colic. Sanyinjiao is located 3 inches above the protrusion on the foot.

Renal colic is acute acute pain in the kidney area caused by urinary stones.

When a sudden onset of pain occurs, the patient can press with his thumb and rub the points of Sanyinjiao.

Repeated application for 3 to 5 minutes can relieve renal colic.

  Tips: For accurate positioning of the above acupoints and methods of acupoints, please ask the netizens how to initialize and consult a specialist. Do not operate blindly by yourself, which will cause adverse consequences!

Stem Cell Skin Care Hi-Tech Fills Wrinkles

Stem Cell Skin Care Hi-Tech Fills Wrinkles

Since the industrial revolution in 1700, science and technology have advanced, and skin care and beauty have also experienced countless leaps and bounds. Age is a secret that women will never mention.

In the long history of skin care, what is worth mentioning are genes and stem cells, two important and epoch-making technologies.

This technology, especially in skin anti-aging, is easier and more effective and sustainable than traditional anti-aging products.

  Gene DNA technology was the biggest breakthrough in the 20th century. By the 21st century, stem cell skin care that is more advanced than gene DNA technology has gradually become the focus of anti-wrinkle skin care research.

  Let’s take a closer look at how stem cells fight skin wrinkles.

  The skin’s regenerative potential determines stem cells.

Adult stem cells, also called mother cells, can produce many “daughter” cells.

These daughter cells reconstitute the structure of the epidermis by constantly producing keratinocytes.

  With the increase of age, the vitality of skin stem cells may also decline, resulting in stem cells not being able to cope with changes in the surrounding skin.

When using skin care products containing stem cell technology, the vitality of stem cells is continuously released, and at the same time, the mother cells required for the skin are generated.

Therefore, the activation of this stem cell is a physiological process of the skin’s own stem cells, and no external stem cells are involved, so it is in line with the physiological laws of the body.

  When stem cells continue to meet the needs of the skin, the health of the skin is guaranteed, skin aging problems can be effectively prevented, and the skin can return to a younger state.

This ability to transform and revitalize is as if the different layers of the skin are suddenly filled with many new cells, and the vitality of the skin is suddenly enhanced.

This first readjusted the skin’s vitality clock and made the skin younger.

  Dior, a pioneer in the field of stem cells in the beauty industry, has been working on stem cell research as early as the 20th century.

Dior Ogilvy Center has discovered the outstanding efficacy of stem cells, which can regenerate the skin significantly and repair wrinkles. The essence of this scientific discovery is equivalent to the discovery of DNA in the 20th century.

  Dior’s NR-SystemTM Night Repair System optimizes the maintenance of stem cells throughout the night, allowing the epidermal layer to regenerate throughout the night.

By acting on fiber stem cells, it promotes collagen synthesis and enhances the skin’s support ability.

It further enriched the basic active molecules in Dior’s series of formulas, and formed the outstanding STEMSOME NUIT?

The night-time dynamic regeneration complex has become the core element of the 2009 Dior Reverse Time-Space Skin Rejuvenation Set.

It doubles the regeneration ability of skin cells at night, has a very significant wrinkle repairing effect, regenerates facial regeneration energy, and wrinkles are gradually smoothed out day after day.

Why doesn’t it always grow fat

Why doesn’t it always grow fat

I eat too much, but why I do n’t get fat; I eat it whole, but my face is not good; I often do n’t digest, and I get bloated.

These are the situations we often encounter.

Some people usually pay attention to the replacement of nutrition, but often do not achieve the desired effect. In fact, the problem is simple. This is due to the low activity of digestive enzymes and beneficial bacteria in the body.

Digestive enzymes and beneficial bacteria are known by experts as the two davids of gastrointestinal health.

  Digestive enzymes are substances contained in digestive juices secreted by the human digestive organs, and are a type of protein.

Why don’t you gain weight?

Learn about the role of digestive enzymes.

  The main role of digestive enzymes is to break down food into small molecules that the body can absorb.

Each digestive enzyme breaks down one nutrient, so it has more than 2,000 species.

  In clinical practice, inadequate digestive enzymes can cause a wide range of indigestion syndromes, but also affect the digestion and absorption of nutrients, resulting in hypoalbuminemia, mild diarrhea, lack of fat-soluble vitamins, and endocrine disorders.Aggravate gastrointestinal diseases.

  Beneficial bacteria protect the human body, can inhibit the growth of harmful bacteria, improve the body’s immune function, and delay aging.

  There are beneficial bacteria and harmful bacteria in the interior to improve immunity. If the beneficial bacteria replaces its surface, the harmful bacteria will have no place to live. This is called “stationary protection”. There are so many locations and the beneficial bacteria account for a lot.The harmful bacteria are in a state of failure in nutrition competition, and their growth and development are inhibited.

  The body is the body’s largest immune organ. Beneficial bacteria can secrete some antigenic substances to activate and strengthen the built-in immune system.

  Now you know why you don’t grow fat, because of inadequate intestinal digestive enzymes and beneficial bacteria.

At present, some products supplemented with a single digestive enzyme and beneficial bacteria in the city are broken down, but due to the large variety of digestive enzymes and beneficial bacteria, the effect of such products is not ideal, and it is not yet possible to activate multiple digestive enzymes and beneficial bacteria products simultaneouslySee more.