Category: HdRtxkD

2015 Chilean America Cup Ecuador National Team’s latest 30-man roster (picture)_1

2015 Chilean America Cup Ecuador National Team’s latest 30-man roster (picture)
On May 12, Beijing time, Ecuador announced the 30-man roster for the America’s Cup, led by Valencia, who played for Manchester United. Thus, Enna Valencia and Montero, two strikers who played in the Premier League, were also selected.In this America’s Cup, Ecuador is in Group A with Chile, Mexico and Bolivia.(Zhou Yi) The 2015 Chilean America Cup schedule has a small list of Ecuador’s 30-man list. Ecuador’s 30-man list: Goalkeepers: Domingos (University of Quito), Esteban-Dreyer (Emelek), AspenKona (Delvalier Independence), Bangueira (Guayaquil Barcelona) Guards: Arturo Mina (Barle Independence), Mario Peneda (Barle Independence), Robert AlboLeida (Catholic University), Juan Carlos Paredes (Waterford), Flixen-Irazo (Gremio), Luis Romero (Quito University), GabriEl Achelier (Emelek), John Navales (Emelek), Oscar Baguille (Emelek), Walter Ayovi (Pachuca) Midfielder: ChristieAnn Novoa (Thessaloniki), Antonio Valencia (Manchester United), Renato Ivala (Vitese), Pedro Kenones (Emelek), Lastra(Emelek), Fidel Martinez (University of Guadalajara), Jonathan Gonzalez (University of Guadalajara), Michael Arroyo (Americas), Juan CasaLuis (Banfeld), Pedro Larea (Roga), Fernando Hidalgo (Quito University) Forwards: Enna Valencia (West Ham United), Jaime Ayovi (Godoy Cruz), Jefferson Monteiro (Swansea), Angel Mena (Emelek), Bolanos (Emelek) Group A opponents in the same group: 2015 Chile America’s Cup ChileThe latest 26-man list will be officially released on June 1st. The 2015 Chilean America Cup Mexico team list is the latest 30-man big list (picture) 2015 Chilean America Cup Bolivia national team is the latest 30-man list (picture)

Yonghui Supermarket (601933) Semi-annual Report Review 2019: Optimizing Expense Rates for Maintaining Same-store Growth

Yonghui Supermarket (601933) Semi-annual Report Review 2019: Optimizing Expense Rates for Maintaining Same-store Growth

The first half performance was basically in line with expectations.

In the first half of 2019, the company achieved total operating income of 411.

76 ‰, an increase of 19 per year.

71%; realized attributable net profit13.

69 million, up 46 each year.

69%; attributable non-net profit 11.

63 ppm, an increase of 40 per year.

78%.

The speed of the exhibition shop continued, and the same store performance was dazzling.

In 2019H1, the company has opened a total of 791 stores and added 84 supermarket stores (including the original Top 100 stores in Guangdong area, excluding Yonghui mini stores, Yonghui Life, super samples), and 45 more than the same period last yearStore speed has basically continued.

2019H1 same-store growth in ten years 3.

1%, on the basis of further increase in store base, compared with the same period last year 3.

3% maintained dazzling performance.

At the same time, the company tested the mini format in the first half of the year. The mini store covered a total of 19 cities and 50 cities, and opened 398 stores, with an average area of 488 square meters and a total revenue of 5.

500 million.

Yunchao partially excludes the revenue of Parker’s Consolidated and Mini Stores, which grows by 23 per year.

4%.

Consolidate the omni-channel platform, and continue to optimize the home and private brands.

In 2019H1, the home business has covered 518 stores, from 109 cities in 22 provinces and autonomous regions, achieving 13.

3 trillion, with an average monthly growth rate of 7.
.

1%, online sales accounted for 3%.

4%, a year-on-year increase of 111%; Jingdong Dajia connects the company’s supermarket stores with 407, an increase of 112.

In the first half of the year, 44 self-owned brands were sold, with 1022 SKUs and 7 at the C end.

8.6 深圳桑拿网 billion, accounting for 2%.

1%, B-terminal carbonic acid 7.

14 billion.

2019H1 big technology also continues to exert its strength, Yonghui Phaeton 2.

0 is fully landing and application.

The second phase of IHR was implemented at the end of July; the financial sharing system was tested in Guizhou and Sichuan at the end of July; the project to the asset system was tested and implemented at the end of August; the FOT pilot promotion of the logistics OTB project in October;.
Gross profit margin decreased by 0.

57pct, the cost rate dropped by 2.

14 points.

2019H1 company’s comprehensive gross profit margin 21.

84%, -0 per year.

57 points; by industry, the gross profit margin of the retail industry fell 1.

01pct to 16.

39%, the service industry increased by 1.
04pct to 89.
89%; in terms of categories, 四川逍遥网 fresh and processed gross margins fell by 1.

09pct to 13.

92%, food supplies fell 0.

98 points to 18.

58%.

The decrease in gross profit margin was mainly related to excluding Yunchuang’s business with higher gross profit.

The company’s period expense ratio is 18.

22% a year -1.

86pct, sales / management / financial expense ratios are 15 respectively.

19% / 2.

66% / 0.

37%, -0 per year.

72pct / -1.

38pct / + 0.

24pct, in which the gradual decline in management expense ratio was mainly due to the decrease in equity incentive expenses.

Supermarket leaders nationwide expanded steadily, maintaining the “overweight” rating.

We believe that the company, as a national supermarket leader, has a long-term advantage in terms of brand and scale, and its high-growth logic remains unchanged during the country’s expansion process.

The company’s revenue is expected to be 874 in 2019-2021.

90/1076.

35 / 1,287.

37 trillion, with a growth rate of 24.

07% / 23.

02% / 19.

61%; net profit attributable to mothers is 23 respectively.

36/27.

28/36.

28 trillion, a growth rate of 57.

8% / 16.

8% / 33.

0%; EPS is 0.

24/0.

29/0.

38 yuan.

Risk warning: Weak consumer environment, slower-than-expected growth of exhibition stores and same-stores, and less-than-expected mini store development.

Categories: HdRtxkD

[Complete practice of donkey steamed dumpling stuffing]_How to_How to do

銆愰┐鑲夎捀楗哄瓙棣呭仛娉曞ぇ鍏ㄣ€慱鎬庝箞鍋歘濡備綍鍋?
The worms are sluggish and the lawsuits are inconsistent, and the lawsuits are in the world, and the world is in the dark. It ‘s hard to find a good way to do it. ?敓椹磋倝寮傚懗姣旇緝閲嶏紝澶勭悊涓嶅ソ鍚冭捣鏉ヤ細寰堥吀锛屾墍浠ュ湪鍋氶┐鑲夌殑鏃跺€欏繀椤昏鎻愬墠鑵屽埗涓€涓嬶紝濡傛灉鎯宠鍋氶┐鑲夐鐨勮捀楗哄瓙锛屾柟娉曚笂鏄鎺屾彙濂界殑锛屽鍚冮奔鑲夊彲浠ョ紦瑙h韩浣撶柌鍔筹紝姘旇铏氱煭锛屽悓鏃朵篃鑳介闃插洓鑲㈤吀杞紝瀵硅韩浣撳ぇ鏈夊ソ澶勩€傘€愰€傚疁浜虹兢銆?涓€鑸汉鍧囧彲椋熺敤锛岃韩浣撶槮寮辫€呭挨瀹溿€傞€備簬绉勾鍔虫崯锛屼箙鐥呬箣鍚庣殑姘旇浜忚櫄锛岀煭姘斾箯鍔涳紝鍊︽€犵靖鐦︼紝椋熸涓嶆尟锛屽績鎮哥溂宸紝闃磋涓嶈冻锛岄鐪╄偄鎸涳紝涓嶅瘣澶氭ⅵ銆佸姛鑳芥€у瓙瀹嚭琛€鍜屽嚭琛€鎬х传鐧滅瓑鐥?骞崇礌鑴捐儍铏氬瘨锛屾湁鎱㈡€ц偁鐐庛€佽吂娉昏€呭繉椋熼┐鑲夈€傘€愪笉閫傚疁浜虹兢銆?骞崇礌鑴捐儍铏氬瘨銆佹湁鎱㈡€ц偁鐐庛€佽吂娉绘偅鑰呫€傘€愰€夎喘瀹溿€?鎸戦€夌啛椹磋倝鍏堣鐪嬪寘瑁咃紝鍖呰搴斿瘑灏併€佹棤鐮存崯銆佹棤鑳€琚嬶紝娉ㄦ剰鐔熻倝鍒跺搧鐨勮壊娉斤紝灏介噺涓嶈鎸戦€夎壊娉藉お鑹崇殑椋熷搧锛屽洜涓鸿壊娉藉お鑹冲彲鑳芥槸浜轰负鍔犲叆鐨勫悎鎴愯壊绱犳垨鍙戣壊鍓備簹纭濋吀鐩愰€犳垚鐨勩€傘€愰€夎喘蹇屻€?鑲岃倝閮ㄥ垎鍛堟殫瑜愯壊鏃犲厜娉戒负娆¢矞椹磋倝銆傘€愮児璋冨疁銆?You can see all the questions and answers here and here. What are you talking about? What are you saying? What are you doing? Umbrellas are going to be ridiculous.钂滄眮銆佸鏈紝鏃㈣兘鏉€鑿岋紝鍙堝彲闄ゅ懗銆傘€愮児璋冨繉銆?椹磋倝鐑硅皟蹇岃崋鑺ャ€傘€愰鐢ㄥ疁銆?椹磋倝鑲夎川椴滃鍙彛锛屾槗浜庢秷鍖栵紝鏄€佸勾浜虹殑婊嬭ˉ浣冲搧銆傞┐鑲夊叿鏈夎ˉ姘旇銆佺泭鑴忚厬绛夊姛鏁堬紝鏄箙鐥呭垵鎰堛€佹皵琛€浜忚櫄鑰呯殑椋熺枟浣冲搧銆傘€愰鐢ㄥ繉銆?瀛曞銆佽劸鑳冭櫄瀵掋€佹參鎬ц偁鐐庛€佽吂娉昏€呮渶濂戒笉瑕侀鐢ㄣ€傘€愬偍瀛樸€?Introduce a fan and a fan. 0-4 鈩 Power 殉 鏉 ‘s joyful 咎 咎 咎 導 瀭 逛 瀛 Radian 纴 钖 ﹀ 垯 逭 槤 駉 愛 儉 唤 唤 唤 唤 唤 唤 唤 唤 唰 唰 唤倝 200 鍏?Do you have a 100?鑳¤悵鍗滀竴鏍癸紝娲嬭懕鍗婁釜銆佸湡楦¤泲涓€涓洂涓€鑼跺嫼銆佹枡閰掍袱鑼跺嫼銆佸绮変竴灏忓嫼銆侀浮绮句竴灏忓嫼銆佺敓鎶戒竴澶у嫼銆佽€楁补涓€澶у嫼鍗佷笁棣欑矇涓€灏忓嫼 娓呮按鍗婄鍋氭硶1鑳¤What’s going on? What’s going on? What’s going on?闦 呜 懕 淔 熷 减 愪 竪 銆?Do you like it? Do you think it’s so good?鎵撲竴涓浮铔嬶紝鍔犲叆鍗佷笁棣欑矇锛屽绮夛紝鏂欓厭锛岀洂锛岄浮绮惧ぇ鍔涙悈鎷屽潎鍖€銆?鏀惧叆鐢熸娊鑰楁补6鏀惧叆鍗婄姘村ぇ鍔涢『涓€涓柟鍚戞悈鎷?What is the best way to do it? Hungry, sorrowful, sorrowful, sorrowful, sorrowful, sorrowful, sorrowful, sorrowful, sorrowfulThe chain is not so good. What is the difference between the mother and the mother? 团 囫鏃跺€欐斁鍏ュ渾钁变竵灏忚瘈绐?*鎷岄鐨勮倝瑕佷笁鑲ヤ竷鐦︼紝椹磋倝姣旇緝鐦︼紝鎵€浠ヨ鍔犲叆鐚倝鑵扮洏鐨勮倝棣呫€?*瑕佸姞鍏ラ浮铔嬨€佹竻姘达紝杩欐牱鎷屽嚭鏉ョ殑棣呭緢瀚┿€?*鎷岄鐨勬墜娉曡椤虹潃涓€涓柟鍚戝ぇ鍔涚殑鎼呮媽锛岃鑲夐鍚告敹姘村垎鍜岃皟鍛虫枡锛屾悈鎷屽埌鑲夌矘绋犳寕鐩嗭紝杩欐牱鍖呭嚭鐨勯ズ瀛愰涓嶆暎銆?*鍔犲叆涓€鍕洪娌瑰彲浠ュぇ澶ф彁鍗囬鏂欑殑棣欏懗銆?

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[Clam Seafood Noodle]_How to make_How to make

[Clam Seafood Noodle]_How to make_How to make

Clam seafood noodles are very delicious and are a favorite of many people.

This dish is rich in nutrients. Clams are seafood, which is not only nutritious, but also has the effect of detoxifying and beauty.

The occasional meal in a restaurant is really evocative and feels a bit expensive. If you learn how to do it at home, it is both economical and affordable.

Of course, the practice of this dish is not difficult to learn, let us share it with everyone.

Clam seafood noodles, noodles, noodles, clams, kelp, fresh shellfish, asparagus, chives, salt, olive oil, and clam seafood noodle #

Wash fresh shrimp to shrimp line, clams, bedding, kelp knot, asparagus washed and cut into sections; 2.

2. Boil the shrimp, clams, bedding, and kelp in a cold water pot, cook until the water is boiling, boil the asparagus into the pot for 1 minute, add salt, and drop a few drops of olive oil; 3.

While cooking the seafood, cook the noodles and remove the bowl; 4.

Pour all the seafood with soup into the noodle bowl and sprinkle with a little chopped chives.

Master Cheats 1. Do not add soy sauce, which affects the color and taste.

2. Boil the seafood with a little salt, otherwise it may be too salty.

The clam soup is very tasty. Don’t add broth, it’s just great with just water.

3. The clams must be cooked in a cold water pot, and the clams will be fully opened when the water is boiling.

Categories: HdRtxkD

[Can milk and grapes be eaten together]_Grapes_Milk_ 同 吃

銆愮墰濂跺拰钁¤悇鑳戒竴璧峰悆鍚椼€慱钁¤悇_鐗涗钩_鍚屽悆
Awkward, awkward, sorrowful, lyrical, lyrical, lyrical, sorrowful, sorrowful, sorrowful, sorrowful, sorrowful, sorrowful, sorrowful, sorrowful綋鏈夊緢澶х殑濂藉锛岃€岀墰濂跺叾涓篃瀵屽惈澶氱钀ュ吇鍏冪礌鍜岄挋璐紝鐗涘ザ鍜岃憽钀勪笉鑳戒竴璧锋惌閰嶉鐢紝鐢变簬钁¤悇褰撲腑瀵屽惈鏋滈吀锛屼細瀵艰嚧鐗涘ザ涓殑钀ュ吇鍑濆浐锛屽鏄撳紩璧疯吂娉汇€?钁¤悇鍜岀墰濂朵笉鍙互涓€璧峰悆銆傚洜涓鸿憽钀勯噷鍚湁鏋滈吀(閰掔煶閰搞€佽嫻鏋滈吀銆佹煚妾吀)锛屼細浣跨墰濂朵腑鐨勮泲鐧借川鍑濆浐锛屼笉浠呭奖鍝嶅惛鏀讹紝涓ラ噸鑰呰繕浼氬嚭鐜拌吂鑳€銆佽吂鐥涖€佽吂娉荤瓑鐥囩姸銆傚洜姝わ紝搴斿湪鍠濆畬鐗涘ザ1灏忔椂鍚庤繘椋熻憽钀勩€?What’s the difference?If you are in the altar, you ‘re used to it, and you ‘re in trouble. You ‘re in trouble, you ‘re not in trouble, you ‘re not in trouble, you ‘re in trouble, you ‘re in trouble, you ‘re in trouble.屼笉浠呬粎鐢熸垚涓€浜涜兘浠ユ秷鍖栫殑鐗╄川锛岄檷浣庝袱绉嶉鐗╃殑钀ュ吇浠峰€硷紝鏇翠細鏈夊彲鑳藉嵄瀹宠韩浣撱€傝憽钀勫拰鐗涘ザ涓€璧峰悆鐨勫嵄瀹?钀ュ吇娴佸け鐗涘ザ鏄敓娲讳腑铔嬬櫧璐ㄨ緝楂樼殑椋熺墿涔嬩竴锛岃€岃憽钀勪腑鍚湁杈冨鐨勬鐗╅吀锛屾瘮濡傝嫻鏋滈吀銆侀厭鐭抽吀銆佹煚妾吀绛夛紝杩欎袱绉嶄竴璧峰悆浼氬彂鐢熷寲瀛﹀弽搴旓紝鐢熸垚鑳戒互娑堝寲鐨勭墿璐紝闄嶄綆钁¤悇鍜岀墰濂剁殑钀ュ吇浠峰€笺€傚紩璧疯儍鐭崇墰濂朵腑鐨勯挋璐ㄥ拰铔嬬櫧璐ㄤ笌钁¤悇涓殑妞嶇墿閰镐細鍙戠敓鍙嶅簲锛岀敓鎴愬緢澶氶毦浠ユ憾瑙g殑鐗╄川锛屽皯璁歌繕鑳借鑳冮吀娑堝寲鎺夛紝鑻ユ槸閲忚繃澶氬氨浼氱敓鎴愮粶鍚堢墿锛屽紩璧疯儍鐭筹紝涓ラ噸鏃剁敋鑷抽渶瑕佹墜鏈柟鍙嬁鍑恒€?It ‘s hard to find a good way to capture the rainbow and the sky, and it ‘s so hot. It ‘s a new scene. It ‘s a new drama.What is the difference between reading a book and reading a book, reading a book, reading a book, reading a book, reading a book, reading a book, reading a book, reading a book, reading a book, and reading a book.绯栧翱鐥呮偅鑰呭強渚跨鑰呬笉瀹滃鍚冦€傞槾铏氬唴鐑€佹触娑蹭笉瓒宠€呭繉椋熴€傝偉鑳栦箣浜轰篃Do you have trouble?.钁¤悇鍦ㄦ垚鐔熸椂涔熼渶瑕佸緢澶氱殑鍐滆嵂鐨勬潵纭繚璐ㄩ噺锛屽洜姝わ紝钁¤悇闇€鍏呭垎娲楀噣銆?

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[Can yellow wine and beer drink together]_Yellow wine_Diet conditioning_Diet taboos

[Can yellow wine and beer drink together]_Yellow wine_Diet conditioning_Diet taboos

Many people like to drink alcohol usually, some people like white wine, some people like beer, and some people like rice wine, but can rice wine and beer drink together?

Alcohol is best not to drink together, otherwise it will cause stomach discomfort, and it will cause blood uric acid levels to rise rapidly and cause gout and other diseases.

In addition, there are many foods that cannot be eaten together while drinking beer.

Rice wine beer and rice wine cannot be drunk together. Rice wine belongs to white wine. Beer contains a large amount of carbon dioxide and is easily volatile. If you drink it together with white wine, it will drive alcohol penetration and is not good for your health.

And beer with grams of food seafood and beer: the same food is easy to induce gout.

Drinking beer while eating seafood can easily lead to a sharp rise in blood uric acid levels, which can cause gout, resulting in gouty nephropathy, gouty arthritis, and the like.

Beer cannot be eaten with persimmons, it will cause poisoning beer, avoid pickling and smoking food: the same food may cause cancer or induce gastrointestinal diseases.

Do n’t drink liquor when drinking beer: Beer contains a lot of carbon dioxide, which is easy to volatilize. If you drink it with liquor, it will lead to alcohol penetration. Drink beer and soda: It is rarely drunk.

Drink beer and avoid crabs. Drink beer and avoid coffee. The alcohol contained in alcohol has an exciting effect, and the caffeine contained in coffee also has an alternative exciting effect.

Drinking both together is very irritating to people.

If this is the case when you are in a tense or irritable mood, it will aggravate tension and irritability; if people with neurological headaches do so, they will immediately cause pain; if they have frequent insomnia, they will cause illnessWorsening; if it is a person with a heart problem or paroxysmal tachycardia, drinking coffee and alcohol together will have worse consequences and may cause heart disease.

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[Can a five-month-old baby eat steamed eggs]_Baby_Can I eat

[Can a five-month-old baby eat steamed eggs]_Baby_Can I eat

Five-month-old babies have generally been supplemented with food, and at this time the only food that the baby can eat is rice noodles, rice porridge, or steamed chicken cakes. The nutritional value of steamed chicken cakes is very high.And, when steaming chicken cake, you can also add some vegetable juice to the baby, which will taste better, so can a five-month-old baby eat steamed chicken cake?

The child can start eating steamed eggs at 4 months, but the whole egg should be eaten after the child is one year old.

So five-month babies can eat steamed eggs.

The correct way to eat eggs: 1. When feeding your child for steamed eggs for the first time, give them a small amount to observe if the baby has some adverse reactions. If it is not increased gradually, some babies may have allergies to egg whites.Situation, so you ca n’t eat steamed eggs too early.

2. At this time, you can take out the egg yolk and steam it for your child. When you steam the egg, you must first break up the eggs and then add some warm water. The ratio of water to eggs is 1: 1.Swallows well, and your child will digest more easily.

Egg whites should not be given to babies within one year of age, and egg whites should not be given before one year of age. This is because the baby’s digestive system is not fully developed, the intestinal wall is thin, and the permeability is high. The protein in egg white is albumin.It has a small molecule and can directly enter the baby’s blood through the intestinal wall. It is easy to cause a series of allergic reactions or allergic diseases, such as eczema, wheezing rash, and wheezing bronchitis.

It is recommended not to add egg white to your baby’s complementary food within one year of age.

The practice of steaming eggs for a five-month-old baby: 1. Wash two eggs and prepare half a bowl of warm water.

2, the eggs are broken up, add warm water and use chopsticks to completely break up.

(The ratio of eggs to water is 1: 1.

5.

) 3. Use chopsticks or strainer to completely remove the bubbles in the egg liquid.

4. Cover the bowl with a layer of cling film, and stick two or three small holes with a toothpick on it.

Put cold water into the pot and steam over medium heat for 15 minutes.

(Be sure not to use a high fire, the egg steamed in the high fire will freeze around the circle, and the phenomenon of unripe in the middle, it is easy to form a honeycomb.

) 5. Take out the egg custard and pour it with extremely fresh soy sauce, rice vinegar, and sesame oil. Cross the top with a spoon and let the egg scoop.

Then you can enjoy it beautifully.

Precautions: 1. Add warm water to the egg liquid 2. Filter the bubbles in the egg liquid 3. Cover the bowl with a layer of plastic wrap 4. Steaming the baby over medium heat should not eat too many eggs Many parents think that eggs are nutritious and children eatThe more you have, the better.

actually not.

Reasons: 1, because infants and young children have poor digestive ability, if they eat a lot of eggs, not only it will cause indigestion; 2, but because the egg protein contains an avidin, it can prevent absorption after it is combined with biotin in the body, Cause infants lack of vitamins, affecting their physical health.

3, if you eat too much, your child’s digestive burden can not lead to digestive attraction dysfunction, causing indigestion and malnutrition.

Suggestion: Children 1-2 years old need about 40 grams of protein per day. In addition to ordinary food, add 1-1 every day.

5 eggs is enough

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He Ju invests in the army: hold fast for technology stocks to wait for cycle bull

He Ju invests in the army: hold fast for technology stocks to wait for “cycle bull”

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

  Original title: He Ju Invests in the Army: Hold on to technology stocks and wait for the “cycle cow” ⊙ Reporter Chen 玥 ○ Editor Wang Chengcheng has gone in 2019, but from the perspective of some professional investors, the Shanghai Stock Exchange Index 2441 is likely to become aThe beginning of the round structural slow bull.

Into 2020, this round of bull market has reached the second stage.

  Yu Jun, an executive partner of Heju Investment, believes that the slow bull market is divided into two phases: the first phase is the first half of 2019, and the market price structure is mainly based on the value consumer sector, supplemented by the technology growth sector.

The second stage entered the market of science and technology growth sector, electronics, computer, semiconductor chip and other industries one after another.

The third phase is a cyclical bull market, which may come sometime in mid-2020 or even later.

At this point, the market has entered a comprehensive bull market.

  ”Based on this judgment, technology stocks will remain the main battlefield in the first half of 2020.

Yu Jun said, but while keeping a close eye on technology stocks, keep in mind that cyclical stocks are the last big opportunity in this round of bull market and need to wait patiently.

  Where are the core assets of science and technology?

  After rising in the second half of 2019, the technology growth sector is just being replaced?

Yu Jun believes that in the first half of 2020, especially in the first quarter, the main battlefield of the market is the counter-cyclical industries and sectors that are growing in science and technology.

  ”Specifically, the first is 5G, including semiconductor chips, semiconductor equipment, communication equipment, 5G applications, etc.

Its core is the promotion of IoT application scenarios in the context of 5G, including intelligent driving and networking of new energy vehicles, industrial IoT, distributed photovoltaics, and ubiquitous smart grids.

“Yu Jun said that these major industries have reached an important point of transformation. 5G business will gradually be rolled out in 2020, and some application scenarios have also been launched.

In addition, these industries are currently relatively leading industries in the world. They have certain competitiveness and will become one of the core strengths of the “tech cow”.

  Another force that supports the “tech cow” lies in information innovation projects. Yu Jun believes that domestic computer software and hardware and system integration companies will usher in a great opportunity.

In addition, some industries and fields in the technology growth sector will perform, such as certain military industries and high-end equipment, new materials, media games, and so on.

  Cyclical stocks will usher in a full-blown market. The market is constantly evolving, and the “cycle bull” that is expected will appear in a specific form?

  ”When the CPI starts to decline and interest rates begin to decline substantially, and the economy continues to stabilize and improve, the overall market price of cyclical stocks will begin, which may be in mid-2020 or later.

Yu Jun said.

  He believes that there are many types of cyclical stocks. After years of de-capacity, the profit stability of many cement and chemical companies has greatly improved, and they have been regarded as value cyclical stocks.

Some industries are leading in scale and technology in the world, such as private large-scale refining, glass fiber, vitamins, etc., can be considered as growth cycle stocks.

“The triggers for the rise of different types of cyclical stocks are different and cannot be generalized.

According to Yu Jun, the main restructuring industry is still at the bottom of profit, and it is necessary to wait for the profit of relevant listed companies to improve.

Financial real estate, securities companies, and insurance have some room for growth. Due to increased concentration and business innovation, banks and real estate stocks may even have investment opportunities involved.

He also reminded that in the three stages of this round of bull market, 武汉夜生活网 the technology growth sector may be continuous, and it is necessary to pay attention to the long-term nature of high-quality growth stocks and the periodic opportunities of cyclical stocks.

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Huafa (600325): High-margin project enters carry-over period

Huafa (600325): High-margin project enters carry-over period

The company achieved operating income of 194 in the first three quarters of 2019.

3.8 billion, an annual increase of 48%; net profit attributable to mothers17.

3 ‰, an increase of 6 in ten years.

8%; EPS is 0.

82 yuan.

  The settlement gross profit increased, but the proportion of minority shareholders’ equity also rose, and sales reached a new high: the gross profit margin in the first three quarters was 34.

15%, an increase of 6 per year.

At 7pct, the higher settlement gross margin made up for the impact of higher investment income last year; the difference in revenue and profit growth rates was mainly due to increased income from consolidated cooperation projects, and the minority shareholders ‘profit and loss accounted for a year-on-year increase.

In terms of expense management and control, the scale of sales increased rapidly to a rate of sales management expenses maintained at 2.

96% low level.

In terms of sales, the first three quarters have exceeded the full year of last year, reaching 61 billion US dollars, and will increase by 51 in the future.

25%.

The total area of new construction started in the fourth quarter of last year and the first quarter of this year increased by 174%. It is expected that there will be a large number of new shipments at the end of the year, and the company is expected to exceed $ 80 billion.

  Land acquisition accelerated in the third quarter: 13 projects were added in the first three quarters, and 242 were added.

80,000 countries, a year-on-year increase of 72%, the equity land price is about 81.

4 trillion, the amount of land acquisition accounts for 21.

4%, down 6 a year.

8%, the company is too cautious in taking land.

From a single quarter perspective, in the third quarter, the effort to acquire land was significantly enhanced, and the construction area was supplemented by 144 in a single quarter.

80,000 countries, the amount of land acquisition rights 49.

600 million, 148% and 157% of the first half of the year.

In the third quarter, the company and Zhanjiang Investment have formed a consortium to jointly develop a new city of innovative industries, which will cover the construction of facilities such as headquarters, industrial incubation, and commercial complexes, with a total investment of nearly 16 billion yuan, and a total of 62 in the future.

50,000 flat soil storage, which will increase the scale and foundation of the company’s business.

  The effect of debt optimization has begun to show, and multiple financing channels are working: the company’s monetary funds increased by 33% to 253 compared with the beginning of the year.

8.6 billion, net debt ratio fell 32pct to 182.

7%; debt structure continued to optimize, short debt pressure 淡水桑拿网 replaced 1.

14. Stress is continuing to ease.

The company has accelerated the pace of financing since the second half of the year. Since July, it has raised more than US $ 7 billion in new short-term financing bonds, private placement bonds, and medium-term notes, and financing costs have remained low.

At present, both China Chengxin and United Ratings give the company an AAA credit rating. The company has been approved in the capital market. In addition to its state-owned enterprise attributes, the company will gradually support fundraising in a gradually tightening regulatory environment.

  Earnings forecast and rating: The company’s EPS for 2019-2020 is expected to be 1.

45 yuan, 1.

75 yuan, maintain “Buy” rating.

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ECDI (600933) Interim Review: Q2 QoQ improves overseas business

ECDI (60成都桑拿网0933) Interim Review: Q2 QoQ improves overseas business

Event: The company released its 2019 Interim Report. The company achieved operating income in the first half of 201912.

53 ppm, an increase of ten years.

19%, net profit attributable to mothers2.

02 billion, down 13 each year.

49% comment: The company’s revenue has grown steadily. The performance in the second quarter improved from the previous quarter. The company’s revenue in the first half of the year achieved steady growth, and the company achieved net profit attributable to its mother in the second quarter.

09 billion, an increase of 17% from the previous month.

Affected by the price of raw materials, the company’s gross profit margin decreased by 1 in the first half of the year.

In total, the expense ratio has doubled from the same period last year, mainly 合肥夜网 due to the increase in R & D investment and the increase in share-based payment expenses caused by the distribution of incentives.

The company’s net operating cash flow increased by 257% each year, mainly due to the company’s better repayment in the first half of the year, the reduction in mold costs and corresponding taxes and fees paid.

We believe that through the gradual recovery of the domestic automobile industry and the gradual release of the company’s production capacity in the second half of the year, performance will continue to improve quarterly.

Actively lay out the new energy vehicle industry and improve the profitability of its product structure. In April 2019, the company invested 15 million yuan to establish a holding subsidiary, Aikedi Yijie New Energy Automotive Technology Co., Ltd., specializing in the production of new energy automotive battery aluminum alloy packaging boxes.
The company’s “New Energy Vehicles and Automotive Lightweight Components Construction Project” finally completed the delivery of the plant and officially started production in June 2020.

The company’s new energy automotive products are mainly medium and large pieces, and their profitability is relatively high.

Profit forecast and estimation We expect the company’s operating income in 2019, 2020, and 2021 to be 25.

07 million yuan, 33.

170,000 yuan, 39.

1.3 billion, net profit attributable to mother is 4.

840,000 yuan, 5.

800,000 yuan, 6.

86 trillion, EPS is 0.

57 yuan, 0.

68 yuan, 0.

81 yuan, comprehensive consideration, maintain “Buy” rating.

Risk reminders: raw material price risks, export business risks, gradual fluctuations in the automotive industry, and increased market competition risks.

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