[Homemade practices of spicy chicken]_Recommended diet_1

銆 愯 綆 綯 焰 Floating from his father’s pot, 抭 桭 銆 慱 鎺 ㄨ 崘 楗 
鎻愯捣缇庡懗鐨勫窛鑿滆荆瀛愰浮涓侊紝鑴戞捣閲岄】鏃舵诞鐜板嚭浜嗕竴浠借壊棣欏懗淇卞叏鐨勮彍鑲淬€傚湪鑲夎川婊戝鐨勯浮鑴倝涓婃拻涓婇珮姹ゅ拰璋冨懗閰辨补锛屽啀鎾掍笂灏戣鏂欓厭锛屽啀鍒颁笂閫傞噺鑰佹娊锛岄厤涓婇潚妞掍竴璧风垎鐐掓垚妫曠孩娌逛寒鑹诧紝鎶栧嫼锛岀洓鑿滐紝鎽嗙洏锛岄鍛冲讥婕紑鏉ャ€傛帴涓嬫潵灏辫鎴戜滑涓€璧锋潵鐪嬬湅鍋氭硶鍚?棣栧厛浣犺鍑嗗濂戒富瑕佺殑椋熸潗锛氶浮鑴倝銆侀潚妞掋€佹穩绮夈€傚洜涓烘垜浠帴涓嬫潵瑕佸仛涓€浠藉井鐢溿€佸懗椴滅編鐨勫窛鑿滐紝鎵€浠ヤ篃灏戜笉浜嗙尓娌癸紝璋冨懗閰辨补锛屽拰娴撻珮姹や互鍙婂皯璁告枡閰掋€佽€佹娊绛夎緟鏂欙紝杩樿涓や笁鏍归钁便€佷笁鐗囧鐢ㄦ潵鍘诲懗銆傚彲浠ヤ緷鐓т釜浜哄彛鍛虫坊鍔犮€傚噯澶囧ソ浜嗛鏉愶紝鎺ヤ笅鏉ュ氨瑕佺(濂藉垁寮€濮嬬涓€姝ユ妸楦¤劘鑲夊垏涓侊紝鎷垮垁鍒囪倝涓佷篃鏄湁瀛﹂棶鐨勶紝浣犺鍒囨垚澶у皬閫傚悎鐨勭浉绛夐浮鍧楋紝鏂逛究鑵屽埗鍏ュ懗銆備笅鏉ュ氨寮€濮嬪垏閰嶆枡锛屾妸棣欒懕鍒囨垚灏忔锛岀敓濮滃垏鎴愬涓濓紝鎶婂垏濂界殑椋熸潗鏀捐繘纰椾腑鍊掑叆閫傚綋鏂欓厭銆佽€佹娊杩樻湁娣€绮夊啀鍔犱笂璋冨懗鐩愬潎鍖€鎼呮媽锛屾悈鎷屽ソ鑵屽埗銆傛帴涓嬫潵鍑嗗鍒囬潚妞掞紝娓呮礂骞插噣鐨勯潚妞掕鍘昏拏锛屽幓杈f绫斤紝鍒囨垚灏忓潡姣旇緝缇庤銆傜儹閿呭€掑叆鐚补锛屾瘮杈冮銆傚皢楦¤倝鍊掑叆杩炲悓閰嶆枡涓€璧风炕鐐掞紝鍛堥噾榛勮壊锛屽€掑叆鍒囧潡闈掓锛屾帴鐫€缈荤倰鎴愬瀷銆傝繕鏈夋彁鍓嶅噯澶囧ソ鐨勬祿閱囬珮姹ゅ姞鍏ヤ竴鍕哄悗锛屽鍛充寒鑹层€備竴鐩樼簿蹇冩敼鑹悗鐨勮荆瀛愰浮涓侊紝瀹岀編鍑虹倝銆傚彛鍛冲瘜鏈夌壒鑹诧紝棣欏鐖藉彛銆傚懗閬撻杈i毦蹇樼殑涓€閬撳甯歌彍鍋氭硶姝e紡瀹屾垚浜嗐€?

[Can leeks be eaten during lactation]_Leek_Feeding_Can you eat

[Can leeks be eaten during lactation]_Leek_Feeding_Can you eat

Leek, commonly known as aphrodisiac, is the most common type of food. The nutritional value of leek is very high, and it can supplement the body with protein and trace elements.

During the lactation period, you can eat leek, and it can promote the recovery of qi and blood, increase the secretion of milk, and have sufficient effects on postpartum body vitality repair.

In addition to breastfeeding mothers, in addition to supplementing some protein, vitamins in vegetables are essential, so can we eat leek during breastfeeding?

Leeks contain a lot of vitamins, mineral elements also play a role in promoting appetite.

Therefore, moderate consumption is appropriate for the human body.

However, if you eat too much leek during breastfeeding, it will inhibit milk secretion, which will be counterproductive.

Experts point out that the common uses of leeks in medicine are as follows: 1, postpartum congestion, bloody coma (excessive bleeding, fainting, including hemorrhagic shock) leeks or roots are smashed, put in a bottle, and boiled with vinegar or wineRush in, smoke the nose and mouth while hot, there is a first aid back to Su Gong.

2, bruises, fatigue, swelling and pain, or trauma bleeding more than leeks or roots, smashing the wound, can relieve fatigue and pain, stop bleeding.

3. Broken fractures: 15 grams of leek, light white, 9 grams of ginger, 10 white peppers, 30 grams of brown sugar, 5 scallions, 60 grams of flour, smashed into a cake, and bandaged the wound.

4. Adult or pediatric night sweats, cook with leek or chives (companion meat) and drink soup (don’t eat too much meat to prevent poor digestion), not only can stop sweating, and can be appetizing, and have strong strength.

Dream Lily (603313) Company Dynamic Comment: Proposed Acquisition of American Furniture Retailer’s Overseas OBM Business Accelerates Growth

Dream Lily (603313) Company Dynamic Comment: Proposed Acquisition of American Furniture Retailer’s Overseas OBM Business Accelerates Growth

Event: 南宁桑拿 September 19, the company’s Mor Furniture For Less, Inc.

After signing the letter of intent to acquire, the company intends to acquire 80% -85% of the common shares and all derivative securities of the target company by paying cash. After the completion of the acquisition, the target company will become a subsidiary of Dream Lily Holdings.

The acquisition price will be based on the target company’s valuation of US $ 68.4 million (approximately RMB 4).

800 million) negotiated.

The target company ‘s operating income in the most recent fiscal year accounted for 50% of Meng Lily ‘s revenue for the same period (ie RMB 15).

300 million), or constitute a major asset reorganization.

Strong business synergy, Mor Furniture For Less will help Dream Lily enhance overseas OBM business.

Established in San Diego in 1977, Mor 杭州夜网 Furniture For Less is one of the largest family-owned furniture retail businesses on the west coast of the United States.

The company sells products including sofas, beds, mattresses, tables, lockers, kitchen cabinets, bookcases, TV cabinets and home accessories, etc. The product range is complete, covering the scenes of living rooms, bedrooms, restaurants, children’s rooms, etc., can be for consumersProvide a good one-stop shopping experience.

The mattress brands currently on sale include Serta, Sherwood, Tempur & Searly, Stearns & Foster, Restonic, King Kerr and the company’s own brand Sleep Mor.

As of now, the company has a total of 50 stores in California, Washington, Oregon, Idawa, Nevada, Arizona, and New Mexico, including 36 showrooms, 11 warehousing stores, and 3 outlets.

The company’s business can form a good synergy with Meng Lily, and its sales channel resources will help Meng Lily increase sales of independent brands in the United States, and accelerate OBM transformation.

The brand goes overseas + overseas production capacity layout, and realizes a strategy to counter the risks of royal trade friction and domestic land fluctuation risks.

The company started with ODM export and has a thorough understanding of the needs of overseas markets.

Relying on the rich experience accumulated in deepening the overseas market, the company has made solid progress on the OBM transformation road. The core brand “Mlily” has been sold in dozens of countries and regions around the world.

In addition, the company acquired Spanish local brands Maxcolchon, COMOTEX, etc., and its products are sold in Spain, Portugal and France.

In terms of production capacity, the company opened an earlier production layout. Currently it has self-built factories in the United States, Serbia, and Thailand. The production capacity can fully cover exports to the United States and can support the company’s further expansion of overseas business.

Through the combination of mergers and acquisitions and self-construction, the company’s layout at the production and sales end has begun to outline, providing the company with normalization in trade frictions and providing good defense in the environment of changing domestic land cycles.

The short-term RMB exchange rate and low raw materials guarantee profitability, and long-term bullishness on the domestic market volume.

As of September 23, the central parity of the USD against the RMB was 7.
.

0734, at a historical high of more than 10 years.

The company’s overseas business revenue accounted for 83% in 2018, and the depreciation of the RMB will help the company’s overseas sales and increase in gross profit margin.

At the same time, the prices of main raw materials MDI / TDI / polyether have remained low since the beginning of this year, ensuring the company’s profitability.

In the long run, the current penetration and acceptance of memory foam products in developing countries will continue. As the leader of memory foam mattresses, the company guides consumer education through innovative channels such as “zero pressure room” and promotes the benefit of the industry outbreak.

Investment suggestion: The acquisition of Mor Furniture for Less will help the company to increase the sales of independent brands in North America. At the same time, the export will penetrate through the comparative advantage of the Sino-US trade friction.Slightly slower, but there is plenty of room for future growth.

Assuming Mor furniture is consolidated at the beginning of 2020, the EPS for 2019-2021 is expected to be 1.

01/1.

30/1.

58, corresponding PE is 17/13 / 11x, maintaining the “strongly recommended” level.

Risk reminders: Overseas production capacity climbs less than expected, overseas production costs rise; raw material prices rise; production capacity is released less than expected; RMB exchange rate changes.

The comprehensive evaluation of Hanye’s huge amount of WeChat public account should be evaluated by multiple indicators

The comprehensive evaluation of Hanye’s huge amount of WeChat public account should be evaluated by multiple indicators

A statement of new economy company mergers and acquisitions using multiple evaluation indicators to multi-dimensional verification.

  Hanye has recently become the focus of market controversy.

Han Ye’s fame is not due to its use of 5.

The 500 million US dollars of idle funds were used to purchase 6 wealth management products, but they were derived from a controversial acquisition plan at the end of April.

  Is it worth 3.8 billion to buy WeChat public account?

  Investors question, how many public accounts are worth so much money?

This former pesticide and veterinary company’s transformation in the entertainment industry has made such a generous shot. Will it become the injustice of paying the bill in the future?

  Listed companies and intermediaries find the deal worthwhile.

The dynamic price-earnings ratio of Hanye’s temporary acquisition of Quantum Cloud’s equity for a price of US $ 3.8 billion is 14.

3 times, slightly lower than the overall estimated level of comparable transaction cases in the industry.

  One side was worried about being the head of the injustice, but the other side thought they had picked up a treasure, and both sides held their own words.

The reason is that in M & A and restructuring and IPO, there are no special evaluation rules for M & E evaluation of new economic companies.

Listed companies use the income method and use pe to evaluate. They feel that the multiples of multiples are cheap enough.

However, the market believes that the value-added rate and premium rate of the target company are too high. The main indicators for measuring the rationality of merger and acquisition reintegration should be the premium rate and value-added rate.

The company holds the price-earnings ratio and investors hold the premium ratio. The discussion of the estimation is not on one channel.

  In fact, Hanye’s high price acquisition is not a rare case.

In the new economy, asset-light company mergers and acquisitions, the estimation of these underlying assets has been the focus of market controversy.

For example, in the film and television entertainment industry, in 2016 Tangde Films acquired a 51% stake in Fan Bingbing, a shell company, at a high premium of 8 billion.

The Air Force and Storm Technology have issued 10 for a 60% stake in Straw Bear Pictures with a book value of only 3835 million.
.

Sky price of 800 million.

Later, regulators gradually tightened high-premium mergers and acquisitions in the film, television, entertainment, and gaming industries.

  Evaluate the application of two or more methods to the same target How do you evaluate the new economy company that is the target of mergers and acquisitions?

The author believes that mergers and acquisitions of 杭州桑拿网 unprofitable new economy companies that are in the mature and growing period should use multiple evaluation indicators for multidimensional verification.

At the same time, regulators have other corresponding regulations.

  At present, appraisal agencies generally use asset method, income method and market method for enterprise evaluation.

For light asset companies, the proportion of tangible assets is relatively low, and the actual value of intangible assets is difficult to estimate.

The default conditions for adopting the market approach are active markets and comparable targets.

The income method appraisal recognizes the future profitability of the target, and the acquisition of assets based on the income method usually results in goodwill.

In the acquisition of light-asset enterprises based on the income method, the 返回码: 500 网站打不开?重查 impairment risk of large amounts of goodwill is measured.

  Taking Hanye’s acquisition of the public account as an example, the listed company only considers the income method to be inappropriate.

In addition to the price-earnings ratio, the main indicators for measuring the reasonableness of M & A and restructuring estimates include the premium rate and the appreciation rate.

Quantum Cloud’s forecast net book value at December 31, 2017 is 1.

US $ 300 million, with a forecast value of approximately US $ 3.8 billion, an increase of 36 from its book value of net assets.

7 trillion, the predicted rate of increase is 2818.

96%.

The estimates are reasonable and unreasonable temporarily and will not, and its M & A premium rate is not low.

  Evaluating the estimates of the new economic target company depends on whether the company is in a stable growth period and has sustainable profitability.
For new economic and technological enterprises, specific problems should be analyzed, and the most appropriate estimation method should be adopted.
The pe estimation method is still the main estimation method for overseas IT companies, but this is targeted at some mature enterprises. The business of these enterprises has entered a stable stage, and future growth is more reflected in performance growth.

However, it is difficult for small new economy companies in the initial stage to use the urban earnings rate estimation method because their future earnings expectations are often divergent and often inaccurate.

□ Zhu Bangling (Finance Commentator)

[Drink salt water on an empty stomach in the morning]

[Drink salt water on an empty stomach in the morning]

Some rumors say that drinking a glass of salt water in the morning can help the body detoxify. In fact, considering it from some angles, this is not a correct way, because the body’s blood can be concentrated after getting up in the morning. Drinking some light salt water is easy to appear.Discomfort.

This method is unscientific.

The human blood is in a concentrated state immediately after getting up in the morning. Substituting the saline solution may further increase the blood concentration and cause physical discomfort.

Our standard of salt is 4 per person per day.
6 grams, but actually 3 grams of salt is enough.

If a person drinks 500 ml of salt water in the morning, the amount of salt absorbed is about 4.

5 grams, plus daily diet, the salt content is far beyond the standard.

In addition, people with high blood pressure, cardiovascular and cerebrovascular diseases, and renal dysfunction should not use fresh saline as the first glass of water after getting up.

Because the morning is the first peak of human blood pressure, drinking light saline will lower blood pressure and endanger the cardiovascular system.

In short, if you want to clean your intestines, you should follow a healthy detox method. Drinking a cup of warm boiling water in the morning is the healthiest.

If in order to treat constipation, drinking water alone can’t solve it, it is still necessary to make reasonable adjustments to the diet, such as eating more foods containing dietary fiber, and doing more abdominal exercises, thereby promoting displacement and peristalsis and alleviating constipation symptoms.

Jiajiayue (603708) in-depth report: Jiaodong fresh giant accelerates expansion across regions

Jiajiayue (603708) in-depth report: Jiaodong fresh giant accelerates expansion across regions

Report Summary: Jiajiayue is the leader of Jiaodong Fresh Supermarket, and was listed on the main board of the Shanghai Stock Exchange in December 2016.

As of March 2019, the company has 752 direct-operating chain stores with a network covering more than 40 cities and counties in Shandong Province and Zhangjiakou area, forming a hypermarket, a comprehensive supermarket, a department store, a convenience store, and a specialty store.shape.

The overall economic benefits of Shandong Province are good, and the consumer market is huge, providing a broad space for development for the retail market.

The province has a favorable geographical location, with high-quality agricultural and aquatic product resources, which facilitates the expansion of fresh food business and the development of direct mining at the base.

Local retail companies in Shandong Province have obvious advantages, and the regional distribution is mostly divided. Each city has a higher city share, but the overall perspective is relatively scattered and the industry concentration is low.

Continuously strengthen the “characteristics of fresh food” business philosophy to consolidate the advantages of the supply chain.

The company’s fresh procurement is mainly based on direct mining. At the same time, it invests in the construction of its own factories, fresh processing centers, and central catering centers to optimize the supply chain of agricultural products, enhance the post-processing capacity of agricultural products, vigorously develop its own brands, improve the standardization and branding of agricultural products.To strengthen the fresh competitive advantage.

Continue to deepen the “Jiaodong depth, Shandong breadth” strategy.

The company insists on taking Shandong as its core market. After 上海夜网论坛 strengthening and consolidating the company’s leading advantage in the Jiaodong region, the company has steadily and rapidly expanded to the Midwest through the method of “exhibition shop + merger and acquisition”.

Store renovation + partnership system helps the company improve efficiency.

Since the listing, the company has continuously used the raised funds to upgrade and upgrade existing stores, which has greatly improved operating efficiency. At the same time, it has continued to introduce pilot partnership mechanisms in the Luxi area, which has achieved good results.

Investment suggestion: The company’s 2019-2021 revenue is expected to be 150.

94/176.

03/202.

8.8 billion yuan, net profit attributable to mothers was 5.

02/5.

97/7.

50,000 yuan, EPS is 0.

82/0.

98/1.

16 yuan, corresponding to 28/24/20 times the current sustainable PE.

Taking into account the company’s leading advantages in the Jiaodong area, at the same time speed up the expansion of other areas in Shandong.

And the company has high barriers to the supply chain of fresh produce, and its performance growth is highly certain.

Give the company an estimate of 32 times in 2019 and maintain an “overweight” rating.

Risk warning: CPI continues to decline, leading to a decline in same-store growth; opening of stores is less than expected, and industry consolidation is less than expected; industry competition is intensifying.

[Can you eat durian if you have a bad stomach]_ You have a bad stomach _ 韶 子 _Can you eat

銆 愯 偁 雳 冧 嬉 忂 擂 兘 钖 冩 Υ 銮 Insert 銆 銆 Embedded stupid 嶅 傅 傅 _ 傷 跺 瓙 _ 鑳 戒 笉 瑳 炳 悆
It’s a stupid thing, and it’s not a good thing. It’s a lawsuit and a lawsuit, it’s a lawsuit, a lawsuit, a lawsuit, a lawsuit, a lawsuit, a lawsuit, a lawsuit, a lawsuit, a lawsuit, a lawsuit, and a lawsuit.The following are the most important ones: the fans are in the air, the fans are in the middle of the chain, the chains are going to be read, and the links are in the beginning, the ammonia is in the first place, the first is in the first place, the first is in the state, the other is in the state, and the way is in place.銃 犳 垚 劚 劄 銆?1 銆 乹 鑳 颳 预 铄 勪 汉 鍙  Mutually 奖 冩 Υ 銮 蹭 絾 flaws to read?Lawsuits and arbitrarily arbitrarily arbitrarily arbitrarily arbitrarily arbitrarily arbitrarily arbitrarily arbitrarily arbitrarily arbitrarily arbitrarily arbitrarily arbitrarily arbitrarily arbitrarily arbitrarily sorrow sorrow sorrow sorrow sorryHan Huan, who is in a state of affairs, and who is in a state of affairs, is there a lot of people in the world, and the chain is very different, and the other is the only one who knows how to do it.The keywords are as follows: keywords, keywords, keywords, and legal requirements. Lawsuits, lawsuits, lawsuits, and lawsuits are not available. Read more about this topic: http://www.google.com/en/news/index.htmlㄥ  颳 颾 鏄 Disease chain awards?2 銆 湹 颳 颳 预 鋪 勪 漪 汉 鍙  Mutually 饖 銮 蹮 絾 綾 尒 閒 姻 婻 婻 婄 婀 囀 雎 導 雎 揜 鏃 姮 姮 姮 姮 姮 姽 姤I want to read it, I’m so stupid, I’m so stupid, I’m sorry, I’m sorry, I’m sorry, I’m sorry, I’m sorry, I’m sorry, I’m sorry, I’m sorry, I’m sorry杩欑姒诉讼幉鏄儹镐ф按鏋滐纴镇湁鑳梾镄勪嚭鐜浼璁ぇ瀹跺湪椋熺敤姒笂鐏殑鐥囩姸锛屽竴浜涚櫧寮€姘达紝鑳借瀹冪殑鐑€у噺灏戯紝閬垮厤涓婄伀鐥囩姸鐨勫彂鐢熴€?3 Moguichijian power Cornus Feixuehanyang Xie Υ Luanchachiyang Advertisement Pingqingbanghong  Suobanshimei Shanpingqingbang inertia dialectic sew Chán Yang  Yi ュ Ziliancuosha Shanfanbenwu Chengtuan Υ luanTea Umbrellas and Craps You can go as you please. You can go to any place in the world. You will be able to get there. You will be able to go to Hong Kong. You will be able to go to each other.I am afraid that the chain will be in trouble. I will tell you how to do it. I won’t do it. I won’t do it anymore. I won’t do it.鏈夎儍鐥呯殑浜洪€傞噺鍚冧簺姒磋幉瀵硅韩浣撴槸澶ф湁濂藉鐨勩€?

Tongwei Co., Ltd. (600438): Crowded cost advantages, complementary production expansion, stable position in silicon battery leader

Tongwei Co., Ltd. (600438): Crowded cost advantages, complementary production expansion, stable position in silicon battery leader
The company released temporary and battery chip production expansion plans, and by the end of 2020-2023, the extended production capacity will reach 8, 11 respectively.5-15, 15-22, 22-29 insert, the battery chip capacity will reach 30-40, 40-60, 60-80, 80-100GW, respectively. The company intends to invest in the photovoltaic industry base investment agreement with the people’s government of Jintang County, Chengdu, to invest 20 billion US dollars to build a 30GW battery project.Phase 7.5GW will start before March 2020.  Operational analysis is conducive to the stable expansion and production of cost advantages, and it is really added that the company’s Leshan and Baotou consecutive new projects have achieved 5/4/3 million cost targets. At the current price level, the gross profit rate remains above 30%It ranks among the first echelon level in the industry, and it is expected that the new capacity expansion in the future will increase the cost by about 20%.With the suspension of OCI’s South Korean factory, it marks the start of a new wave of internal high-cost capacity exits. The shift in market share will quickly focus on five Chinese leading companies with significant cost advantages. After the expansion is completed, the company’s global market shareThe boost is now about 20% to 30-50%. The company expects that the increase in non-silicon cost of its single-crystal PERC cells can be reduced by about 20% to 0.18 yuan / W, and the current industry is still more than half of the production capacity non-silicon cost exceeds 0.3 yuan / w.Taking full advantage 深圳桑拿网 of the safety pad formed by the prominent cost advantages of mainstream products, the company is the first to lay out a more efficient battery chip field. The new production capacity will choose the Perc + / Topcon / HIT route and is fully compatible with all silicon wafer sizes of 210mm and below, increasing market share.While maintaining the advanced nature of production capacity, leading the industry’s technological route. Initially, the margin improvement of the battery industry is expected to continue to improve the company’s profitability.With the gradual withdrawal of high-cost silicon production capacity represented by OCI Korea, taking into account the future 1-1.Within 5 years, no new capacity will be put into production. From 2020 to 2021, the supply and demand relationship of silicon materials is expected to 北京保健按摩 improve. Marginal improvement and overall tightness, prices may rebound. We estimate that the price of single crystal dense materials will be in the range of 7-8 million / ton within two years.Operation, the company’s silicon material business profitability is expected to continue to improve.Dongfang hopes that the rapid progress in the debugging of increasing production capacity and the subsequent use of alternative raw materials by silicon wafer companies will come from variable factors that may affect the price of dense materials on the supply and demand sides, respectively. The supply and demand dynamics of battery cells in 2020 will be significantly better than in 2019, and the gross profit margin of battery capacity is expected to return to more than 20%: 1) 19Q3 PERC battery cell prices have plummeted and the long-term trailing capacity release has slowed, thus the marginal capacity (second-tier)) + Technical transformation) Partial withdrawal; 2) Global photovoltaic demand growth superimposed single crystal extension improvement, PERC cell supply and demand improved; 3) upstream single crystal silicon wafer price reduction contributed to cost reduction; 4) improvement of cell conversion efficiency further stoppedSilicon cost.  Profit adjustment and investment recommendations Fine-tune the net profit forecast for 2019-2021E to 27.5,38,500,000 yuan, the corresponding EPS is 0.71, 0.98, 1.30 yuan, maintain BUY rating, target price of 17.64 yuan, corresponding to 18 times 2020PE.  Risk warning: domestic policies are lower than expected, and the international trade environment is deteriorating.

[Gorgeous steamed buns]_Gorgeous homemade buns_Gorgeous steamed buns_Grand buns how to do

銆愮粰棣掑ご涓€涓崕涓界殑鍋氭硶銆慱缁欓澶翠竴涓崕涓界殑瀹跺父鍋氭硶_缁欓澶翠竴涓崕涓界殑鍋氭硶澶у叏_缁欓澶翠竴涓崕涓芥€庝箞鍋?
The problem is that the temperature is low and the temperature is low, and the temperature is low. It ‘s a good idea. It ‘s a good idea. It ‘s very effective. It ‘s very useful.笅闈㈢粰澶у浠嬬粛缁欓澶翠竴涓崕涓界殑鍋氭硶锛屼粩缁嗙湅涓€涓嬶紝鐩镐俊浣犱竴瀹氬彲浠ュ浼氱殑1.1.鍑嗗鎵€鏈夐鏉愶紝楦¤泲涓変釜锛岀伀鑵垮垏涓ょ墖锛岄澶翠袱涓紙鍥剧墖涓婃槸涓変釜鍚庢潵鍥犲ぇ瀹濅笉鍥炴潵鍚冮キ鎴戝氨鍙敤浜嗕袱涓級..。2.122.棣掑ご鍒囨垚涓€鏍峰帤鐨勯澶寸墖..3.213.What’s the difference? What’s the difference? What’s the difference?.4.4.Lastly, the gallium and the gallium are in a hurry.5,5, Hao Bang astir tank collapse Lvxi let know He Quan Lu Juan.6.6.灏嗙伀鑵夸竵鏀惧叆铔嬬涓姞鏀鹃€傞噺鐨勯鐩愭悈鎷屽潎鍖€.77骞冲簳閿呭姞鍏ュ€掑叆閫傞噺鐨勯鐢ㄦ补..8.8.灏嗗垏濂界殑蹇冨舰棣掑ご杩囪泲娑蹭腑杩囦竴涓嬫斁鍏ラ攨鍙岄潰鐓庡嚭娴呯劍榛勫緟鐢ㄣ€傛敞锛氶澶翠笉瑕佸湪铔嬫恫涓场鏃堕棿杩囬暱锛岄偅鏍烽澶村鏄撳彉褰?.9.9.灏嗗墿涓嬫蹈娉¢澶寸殑鐏吙铔嬫恫鍊掑叆骞冲簳閿呬腑鐓庢垚铔嬮ゼ锛岃繖涓彧鑳界厧涓€闈㈠櫌鎵€浠I’m afraid, I’m scared, I’m afraid, I’m going to fry it, I’ll go to the rudder, I’ll go to the world, I’m going to do it, I’m going to do it.How about tweezing and squeezing 沲 楗 抲 獏 ㄦ 垚 夰 ㈠ 嵑 鍑 鍑 捨 浜 浜?.鍋ュ悍钀ュ吇鐨勯鐗╁簲璇ヤ粠鐑归オ寮€濮嬶紝鐪嬪緱灏忕紪浠婂ぉ鐨勪粙缁嶇粰棣掑ご涓€涓崕涓斤紝澶у璧跺揩鍘诲鐫€鏉ュ埗浣滀竴涓嬶紝璁╂垜浠殑瀹朵汉鍚冨緱鏇村仴搴峰惂锛?

Chenguang Stationery (603899): Student stationery and office direct sales increased

Chenguang Stationery (603899): Student stationery and office direct sales increased

Event: The company recently released its third quarter report for 2019 and achieved operating income of 79 in the first three quarters.

47 trillion US dollars, an annual increase of 29.

78%; net profit attributable to mother 8.

20,000 yuan, an annual increase of 28.

36%; basic profit return is 0.

87 yuan, an annual increase of 28.

37%.

  Key points of investment: Student stationery and office direct sales are increasing.

According to the data disclosed in the company’s published institutional research records, the first three quarters of revenue were viewed by product, and writing instruments achieved this goal.

500 million US dollars, an annual increase of 12.

4%; office stationery achieved budget of 14.

2 ten percent, an increase of 12 per year.

2%; Driven by the start of the September school season and the consolidation of Anshuo, student stationery achieved this type of 19.

10%, an increase of 36 per year.

4%, of which Q3 single quarter subsidiary is about 9.

1.5 billion, compared with only 8 in the first half of 2018.

3%, the third quarter performance was slightly better than expected; office direct sales products achieved a preset number of 24.

8 percent, an increase of 47% per year.

8%.

The overall gross profit margin for the first three quarters was 26.

79%, an increase of 1 over the same period last year.

33pct with a net interest rate of 10.

23%, almost unchanged from the same period last year.

Accelerate the development of large retail stores and continuous development of online channels.

In the first three quarters, the revenue of Chenguang retail stores (including sundries) was 4.

2 ppm, an annual increase of 91%, of which the income of the sundries society3.

0.7 billion, income from living museum1.

1.2 billion.

At the end of the third quarter, there were a total of 125 living museums and 212 of Jiumu Sundry Clubs (including 136 self-operated and 76 joined).

In the future, the company still adheres to the model of direct management + franchise, and accelerates the development of large retail stores.

At the same time, the company accelerated the expansion of online channels, developed new online channels other than JD.com and Tmall, and cultivated online product development capabilities. 武汉夜生活网 Chenguang Technology achieved revenue of US $ 200 million in the first three quarters, an increase of 36%.

The annual office supplies market size in 2018 was 1.

9 trillion yuan, benefiting from the expansion of the stationery industry brought by education and supplementary companies, the growth in office furniture demand driven by office buildings is expected to reach 2 by 2021.

5 trillion, but the current industry competition pattern is scattered, office collection is expected to bring about an increase in industry concentration, and some companies have obvious competitive advantages.

Maintain “Recommended Level”: We expect the company’s EPS to be 1 in 2019-2021.

13 yuan, 1.

42 yuan and 1.

84 yuan, corresponding to the current PE is 43 times, 34 times and 26 times. Risk reminder: the risk of increased competition in the industry, the potential risk of the growth of large retail stores