Category: 桑拿

[Can pregnant women eat coconut]_Recommended diet

[Can pregnant women eat coconut]_Recommended diet

Coconuts have appeared in the streets and lanes of Hainan. Coconut juice is sweet and refreshing, and is loved by many people.

And coconut is very rich in nutrition, so can pregnant women eat coconut?

1. Can pregnant women eat coconut?

Coconut traces a large amount of magnesium and potassium elements, a variety of amino acids and transformations required by the human body.

Coconut juice and coconut meat also contain a lot of sugars and vitamins, and the oxides are also sufficient.

These nutrients can be well absorbed by pregnant women, so pregnant women can eat coconut, which not only has the effect of beautifying the skin of pregnant women, but also can provide some nutrients for the baby in the belly.

2, the effect of coconut on pregnant women Consumption of coconut has certain help to reproductive function. Both coconut juice and coconut powder can improve the constipation of pregnant women.

During pregnancy, the skin of many female friends will have problems. Consuming coconut can well supplement the skin’s nutrition, change the condition of the skin, and fill the skin with collagen.

When the season changes, the virus appears and many people will catch a cold. Coconut is rich in vitamin C and trace elements, which can effectively prevent colds and reduce the damage caused by colds to pregnant women.

Many pregnant women’s friends will have edema in the later stages of pregnancy. Regular consumption of coconut can effectively improve the situation of pregnant women.

3. Coconut flour and coconut sugar In fact, coconut flour and coconut sugar are also edible for pregnant women.

Coconut flour is made from fresh coconut milk. It is very good at preserving nutritional ingredients such as protein, protein, sugar, vitamins and various trace elements in coconut.One, so pregnant women drink coconut powder can also be a good supplement, but conditions are better, fresh coconut.

Natural coconut sugar does not contain pigments and additives, and it also retains the nutrition and taste of coconuts very well, so pregnant women must choose authentic high-quality natural coconut sugar when choosing coconut sugar.

[How to eat raw hazelnuts]_How to eat raw

[How to eat raw hazelnuts]_How to eat raw

Hazelnuts can actually be eaten raw, but many people think that the taste is a bit unacceptable if they are eaten raw. At this time, they will be cooked before eating hazelnut kernels.It has a lot of nutrients, which belongs to a very good nut, which has a very rich anti-cancer effect, which can prevent cancer and other malignant tumor diseases.

Hazelnuts are seeds of the birch family, hairy hazel, Chinese sticks, Yunnan sticks, Sichuan sticks. They are shaped like chestnuts, the shell is hard, the nuts are white and round, fragrant, and have a large amount of oil.The fragrant and lingering aftertaste makes it the most popular nut food, with the title of “King of Nuts”; hazelnuts are also “regular customers” of dried fruits in fruit trays, and are one of the “four nuts”.Rich in nutrition, it can be eaten raw or fried.


Hazelnut itself is fat and fat, which makes the fat-soluble vitamins contained in it more easily absorbed by the human body.

Its vitamin E content is as high as 36%, which can effectively delay aging, harden blood vessels, and moisturize the skin; 3.

Hazelnut contains paclitaxel, an anti-cancer chemical, which can treat ovarian cancer, kidney and other cancers, and prolong the life of patients; 4.

Hazelnut itself has a natural aroma, has an appetizing effect, rich in fiber, and also helps digestion and prevent constipation; 5,

Hazelnuts also have a role in lowering cholesterol, avoiding the harmful effects of saturated fatty acids in meat on the body, and can effectively prevent the occurrence of cardiovascular and cerebrovascular diseases; 6.

6. People who work in front of the computer every day eat more hazelnuts, which have certain health effects on vision; 7.

Children eating hazelnuts have an insect repellent effect.

1. Put the chocolate in the pot and let it bloom.

Peeled hazelnut kernels.

2. Add water to glutinous rice flour, and mix into dough, simmer for a while.

3. Divide the glutinous rice balls into even-sized preparations.

4. Take a dose and press the flat member tablet.

5. Take a little bit of melted chocolate, place it on the wafer, and put a hazelnut kernel.

6, when the chocolate is semi-solidified, like buns, pinch the mouth and round.

7, put water in the pot, boil, add dumplings, cook until floating, you can.

[How to make cherry wine]_How to make wine_How to make wine

銆 愭 ū 冗 冩 姩 間 掔 掂 揂 揂 訆 犆 抱 樱 娞 娉 忉 ¢ Tired _ 濡 綍 娉 ¢ tire
Discrimination: I don’t know what to do, I don’t know what to do, I don’t know what to do, I don’t know what to do, I don’t know what to do, I don’t know how to do it, I want to do it.€欓吀閰哥敎鐢滅殑锛屽緢澶氫汉閮芥槸鐩存帴娲楀共鍑€浠ュ悗椋熺敤锛屽叾瀹炴ū妗冧笉鍏夋槸鍙互浣滀负You are the only one who is in the world. You can tell the difference between you and your friends. You will be able to distinguish between you and your father.ū妗冩场閰掔殑璇濅竴瀹氳娉ㄦ剰鏂规硶锛屼笉鐒剁殑璇濆氨浼氶€犳垚鍙f劅涓嶅ソ锛岀敋鑷虫槸鍏朵腑鎵€This is the most important thing in this article: chuan han yu ku け ぃ ぃ ぃ ッ ッ 郙 颙 颙 殑 撆 抆 抶 浼 氶 潪 宁 篶 篋 パ ョ ョ ム椂鍊欎竴瀹氳閫夋嫨鐔熼€忕殑妯辨锛岃繖鏍锋场閰掑嚭鏉ョ殑鍙f劅浼氬彉寰楁洿鍔犲ソ涓€浜涳紝鍠濊捣鏉ョ殑鏃跺€欒姣旀病鏈夌啛閫忕殑鍦ㄥ彛鎰熶笂鏇寸敎鑵汇€?Are you tired of the rules?閫夋枡锛氱啛閫忕殑妯辨锛屼笉鑳芥湁闇夌儌銆佹枒鐐广€佽鏋滅瓑銆傦紙淇烘兂妯辨閰掍笉澶氳鍘熷洜涓€鏄ū妗冨緢璐电殑锛岀粡杩囧姞宸ヤ竴鏂ゆū妗冧篃灏辫兘鍑洪厭1/3锛屼簩鏄鍘绘牳銆佸幓鏌勭殑锛屼篃鏄垂宸ャ€佽垂鍔涚殑銆傜畻浜嗕竴涓嬩亢鍒堕厭鐨勭敓浜ф垚鏈篃鑷冲皯鍦?0 鍏?What are you talking about?鐮寸锛氬皢鎴愮啛鐨勭孩妯辨鐢ㄦ竻姘村啿娲楀共鍑€鍚庯紝闄ゅ幓鏋滄鍜屾灉鏍革紝鏀惧叆缁忚繃娑堟瘨鐨勬Θ鏋滄眮鏈猴紝瑕佹敞鎰忎笉瑕佷娇鐢ㄩ搧銆侀摐绛夐噾灞炵殑宸ュ叿鍜屽鍣紙鎴栫敤骞插噣閾濆嫼鍦ㄦ澂涓粡娑堟瘨锛夊皢妯辨绮夌銆傚彂閰碉細鍙戦叺鏄皢妯辨姹佷腑鐨勭硸鍒嗙粡閰垫瘝鐨勪綔鐢ㄤ骇鐢熼厭绮惧拰浜屾哀鍖栫⒊锛屾ū妗冮厭鐨勫墠鍙戦叺杩囩▼鏄毊姹佹贩鍦ㄤ竴璧风殑锛岄叺姣嶅湪妯辨鐮寸鏃跺凡鎺ュ叆姹佷腑銆傚彂閰电殑娓╁害鏈€濂藉湪15~25鈩冿紝鐢ㄥ皬鍨嬪鍣ㄥ彂閰碉紝鏁g儹杈冨鏄擄紝涓€鑸彲浠ヨ揪鍒颁笉瓒呰繃32鈩冦€傦紙10鏂ゆū妗冨姞5鍏嬮叺姣嶏級 鍘嬫眮锛氭柟娉曟槸鐢ㄦ磥鍑€鐨勫竷琚嬫垨绾卞竷锛岃繘琛屾尋鍘嬫垨鎵帇锛屾ū妗冮厭娑插嵆娴佸嚭鏉ワ紝绉颁负鍏冮厭銆傝繖鏃跺€欏彲浠ュ姞绯栥€傚ぇ澶氭暟浜虹殑涔犳儻鏄寰楁ū妗冮厭搴旇鏄敎鐨勶紝鍥犳锛岄渶灏嗘ū妗冮厭杩涜鍔犵硸璋冮厤锛屽姞绯栭噺绾?2?14%锛屾悔瑙g硸镞惯鐢ㄥ师閰掓悈鎷屾悔auor细涓轰简灏借揩鍙戝嚭閰掗锛屽彲浠ュ姞镣圭槠鍏板湴閰掋€佺函鍑€姘磋繘琛岃皟鍓傦紝閰哥敎閫傚彛鐨勬ū妗冮厭灏卞埗鎴愪簡锛屼絾濡傛灉鍦ㄥ鍣ㄤ腑瀵嗛棴璐瓨2涓湀What are you doing? What are you going to do?

[How long does the mashed potato boil]_ making method _ practice Daquan

[How long does the mashed potato boil]_ making method _ practice Daquan

The method of making mashed potatoes is relatively simple. We only need to peel the potatoes and steam them for 20 minutes to cook them. After the potatoes are cooked, we can crush the potatoes with a rolling pin to form mashed potatoes.

Mashed potatoes can be used to make a variety of foods, or they can be eaten directly, such as cumin mashed potatoes, chicken mashed potatoes, etc. You can learn how to make mashed potatoes.

Some kind of sweet potatoes are solid and relatively firm.

We can cut the potatoes into small pieces and steam them in a pressure cooker for about seven to ten minutes.

If it is not a pressure cooker, it will take about 15-20 minutes.

The taste of steamed potatoes is better than that of boiled potatoes. When steaming, put a steaming net and replace the potatoes and water.

In this way, you can steam the potatoes, and you can easily mash them into a mud.

Cumin mashed potatoes is a special dish of Yunnan. After eating, it keeps the people’s teeth fragrant and has an endless aftertaste.

The elderly and children like to eat it, because the soft mashed potatoes can be easily swallowed without chewing, and the taste is very special.

Moms, it’s not too late, come and learn how to do it.

Ingredients: potatoes, cumin powder, paprika, green onion, salt, oil, raw soy sauce, chicken essence Method: 1. Wash and peel the potatoes, then cut into small pieces, put them in a pot and steam and cook untilThe potatoes are thoroughly cooked and can be easily inserted with chopsticks. 2. Raise the oil pan, add the green onions after heating, add the paprika, cumin powder and stir well. Then pour the steamed potato pieces and fry them with a spatulaCrush the potatoes and stir well; 3. Add an appropriate amount of salt, drizzle the raw soy sauce, and stir well together.

There are no special circumstances for the suitable crowd of cumin mashed potatoes, and most people are suitable for enjoying the delicious taste of cumin mashed potatoes.

It is not only rich in nutritional value, but also has certain therapeutic effects.

Chinese medicine believes that potatoes are sweet, flat, and slightly cool, which can strengthen the spleen and dampness, detoxify and diminish inflammation, wide bowel laxation, lower blood sugar and lipids, promote blood circulation and swelling, strengthen qi, and even beauty and anti-aging.

The cumin powder has the effects of refreshing the brain and clearing the pulse, lowering fire and calming the liver. It can dispel cold and dehumidify, relieve qi and appetite, expel wind and relieve pain, etc. It has certain effects on indigestion, pain in cold stomach, and frequent kidney deficiency.

Finally, I would like to remind everyone that some people are not suitable for eating cumin mashed potatoes, as follows: 1. Patients with itchy skin or blood in the eyes are not suitable for eating potatoes, otherwise they will aggravate discomfort and be unhealthy.

2. People who get angry, have constipation or suffer from hemorrhoids are not suitable to eat cumin, because cumin is a hot food, and it will aggravate the disease.

[Baby yolk mud]_ yolk _ baby _ how to eat

[Baby yolk mud]_ yolk _ baby _ how to eat

Egg yolk is very rich in nutrition. When the baby comes to add complementary food, egg yolk can be the first choice of complementary food, and can also help the baby to supplement nutrition.

For babies, there are many ways to eat egg yolk. Parents should consider the baby’s gastrointestinal conditions when adding complementary foods, and they can make yolk mud.


Wash and cook the eggs, peel the shells and remove the protein. Take 1/4 of the egg yolks and add water to smash. Mix thoroughly with a spoon to make a paste. Don’t make it too thin or thick.As long as the child adapts to the stomach and intestines, does not have diarrhea, and does not vomit, you can gradually increase the amount of egg yolk to 1/2 after 5 days. When the baby is fully adapted, slowly add the entire egg yolk.


The rice is soaked for 2 hours in advance, soaking it fully can shorten the cooking time.

After soaking, put it in a pot, add an appropriate amount of water, boil on high heat, and simmer on low heat until soft.

Boil the water and add the baby vegetables after the water is boiled.

Remove the stems and leave the leaves after cutting out.

The egg yolk is turned into yolk mud with warm water.

Add the baby dish and yolk puree before the porridge comes out of the pot and stir well.

Stir while cooking. After 2 minutes, you can cook.


Break the eggs apart, remove the yolks, beat well, add cold water and stir slightly.

Steam on the pot for 10-15 minutes. Feed the baby with a small spoon after adding the temperature.


After the eggs are cooked, peel off the shell and egg whites, remove the yolks, wash the potatoes, peel them, cut them into pieces, and then steam them in a steamer for a few minutes. If you can easily insert them with chopsticks, they are steamed.

Pour the potato chips into a bowl and mash them. Mix the egg yolk and mashed potatoes, add it to breast milk or formula milk or warm water and mix well. Feed the baby with a small spoon.

Longji shares (601012) 19Q3 quarterly report comment: performance in line with expectations

Longji shares (601012) 19Q3 quarterly report comment: performance in line with expectations
Event: The company released three quarterly reports, achieving revenue of 226 in Q1-Q3 2019.9.3 billion, up 54 before.68%, net profit attributable to mother 34.84 million, an increase of 106 every year.03%, the net profit after deducting non-attribution is 34.1.1 billion, an annual increase of 114.62%. Investment Summary: The sales of silicon wafers have greatly increased, and Q3’s performance has been outstanding.Revenue from Q1 to Q3 in 2019 was 226.9.3 billion, up 54 before.68%, net profit attributable to mother 34.84 million, an increase of 106 every year.03%.In Q3 2019, revenue was 85.8.2 billion, up 83 before.80%, up 2 from the previous month.15%, net profit attributable to mother 14.7.5 billion US dollars, close to the performance forecast ceiling, exceeding the increase of 283.85%, up 5 from the previous quarter.46%.The gross profit margin increased quarter by quarter, with a gross profit margin of 29 in Q3 2019.9%, an increase of 1.9%.The outstanding performance of 2019Q3 shows the company’s strong profitability as a leader in the photovoltaic industry. The company’s 2019Q3 revenue is attributed to the increase in mother’s net profit, mainly due to the 2019Q3 silicon wafer, and module sales have increased significantly.2019Q3 company silicon replacement 16.9.7 billion tablets, an increase of 77% in ten years, and revenue of 35.26 trillion, component cost 1.75GW, an annual increase of 42%, and realized revenue of $ 2.8 billion.Due to the delay of the start-up time of the domestic market, the sales volume of modules was lower than initially expected, and the sales of silicon wafers increased significantly.It is estimated that the company’s annual silicon wafer volume is expected to reach 6 billion wafers, and the module is estimated to be 8GW. The speed of production capacity expansion has accelerated, consolidating the scale of the industry leader.The company terminated 19Q3 inventories to reach 6 billion U.S. dollars, an annual increase of 40.1%, mainly due to the expansion of the company’s production scale and increase in overseas sales.The construction in progress reached 19.100 million, an increase of 123 in ten years.1%, mainly due to increased investment in new capacity. During the continuous development of the photovoltaic industry toward single crystal and high efficiency, the company continued to expand to consolidate the top of the leader.Longji Yunnan’s second-phase project is gradually climbing, and full production is expected next March. Yinchuan’s 15GW monocrystalline silicon wafer capacity will be released one after another.At the end of 2020H1 and 2020, the silicon wafer capacity is expected to reach 50GW and 65GW, and the 无锡桑拿网 consolidation of leading enterprises is stable.At the same time, the company is actively expanding the module business. It has invested US $ 2.2 billion in the construction of a 5GW monocrystalline module project in Jiaxing. It is planned to start production gradually in 2020. The module capacity will be 2019?In 2021, it is expected to reach 16GW, 25GW, 30GW, and the battery chip is expected to reach 20GW in 2021. The company’s performance is guaranteed by orders, and the overseas market is in good shape.The company Q3 has continuous long-term single-sale contracts with Lu’an Solar, Vietnam Battery, Shanghai Yize, Chint Electric, and Taizhou Zhonglai Optoelectronics, with a transfer volume of 2.1 billion pieces, 13.100 million pieces (2019H1 has implemented 0.900 million tablets), 6.The 600 million and 800 million tablets provide order guarantee for the company’s future performance, and the component business Q4 has already been full.The company has begun to receive orders in 2020, and 2020H1 is nearly full. It plans to replace 20GW of components in 2020, of which the overseas market will account for 70%. It plans to replace 10 billion silicon wafers in 2020. The company’s component business accounts for 70% overseas. In 2019, the country with the largest overseas supply of the company’s Q1-Q3 is the United States. The countries with more than 700MW and 400-600MW range include Spain and Norway.In addition, there are Victoria, Japan, the Netherlands, Saudi Arabia and so on.Next year, the overseas market will show a good growth trend. The traditional markets (the United States, Europe, etc.) will grow with certainty, and the medium-sized markets (the Middle East, etc.) will be vigorously developed. The development of new products leads the development of the industry.The company also continuously develops new products. Recently, the company launched the 166mm large-size silicon wafer M6 and the new module Hi-MO4 installed with large-size silicon wafers. Both the cost of electricity and BOS have been significantly reduced. It is expected that the new product utilization rate will reach 75-80 next year%.The launch of new products helps the company to increase its market share and profitability. Investment suggestion: The company is a leading domestic monocrystalline silicon wafer company. In the situation of maintaining a high boom in the overseas market and the gradual start-up of the domestic market, the company has a production capacity advantage and strong bargaining power in the monocrystalline wafer field, which will benefit the industry.Rapid development and significant improvement in company performance.We expect the company’s operating income for 2019-2021 to be 314 trillion, 459 trillion and 549, respectively.7 trillion, net profit attributable to shareholders of listed companies is 50.600 million, 63.3 ppm and 73.700 million, the budget income is 1.34 yuan, 1.68 yuan and 1.95 yuan, the corresponding PE is 17, 13 respectively.6, 11.7.Give “Buy” rating. Risk Warning: Insufficient support for photovoltaic policies, prices of photovoltaic products have fallen sharply

China State Construction (601668): Real estate gross profit margin increased significantly, profitability continued to improve

China State Construction (601668): Real estate gross profit margin increased significantly, profitability continued to improve

The order growth rate is steady, and the housing construction orders in 2019 will increase rapidly.

63 trillion, an increase of 7.


Affected by the substitution of local debt liquidation in 2018, strict PPP supervision and tightening of financial policies, the growth rate of infrastructure investment accelerated, and the growth rate of orders fell by 11 compared with the same period last year.

5 units.

The amount of newly signed contracts in China accounted for 82%.

The growth rate was stable at 7%, and due to the slower-than-expected landing rate of many major projects and the high base in the same period of the previous year, the number of overseas projects decreased by 21.


The total value of newly signed contracts in January-February 杭州夜网 2019 was 535.9 billion, an increase of 77.

2%, an increase of 41% over the same period last year.

In total, the housing construction business contributed a major increase, and the order growth rate picked up.

In 2019, the company plans to sign new contract amounts2.

82 trillion, an increase of 4.

4%, steady growth.

  The growth rate of revenue in the fourth quarter increased, and the gross profit margin of real estate increased significantly. The company’s operating income increased by 13 in 2018.

8% to 11.93 million yuan.

Real estate and infrastructure business revenues increased by 15 each.

9% and 19.

8%, real estate grew slightly, and accelerated the adjustment to the “532” industrial structure.

The company’s single-quarter revenue growth in the fourth quarter also increased by 26.

7%, mainly due to the remarkable growth rate of the housing construction business in the fourth quarter.

In 2018, there were approximately 37 joint ventures and associates related to the PPP statement, compared with 31 in the same period last year. The company’s associated transactions with joint ventures and associates amounted to approximately 38 billion yuan, accounting for 3 of the revenue.

2%, ranking rose 0 last year.

4 averages.

The company comprehensively cleaned up and reformed the existing PPP projects, and rationally controlled the expansion of PPP projects, which led to the advancement of PPP projects and the slowdown in infrastructure growth.

The company plans to achieve revenue in 20191.

27 trillion, an increase of 5.


In 2018, the company’s gross profit margin increased by 1 compared with the previous year.

4 units, of which the gross profit margin of the real estate business was 35%, an increase of 5.

9 percentage points, mainly due to the low cost of land acquisition in the early stage and the expansion of profit margins; the gross profit margin of housing construction also increased by 1.

1 single, or contribute part of gross margin growth.

  During the period, the expense ratio increased slightly, and the cash flow situation improved.

17%, the same increase of 0.

93 units, a significant growth rate.

The company’s sales expense ratio is also reduced by zero.

03 shares per share, basically unchanged; the management expense ratio also increased by 0.

27 budgets, mainly due to the increase in employee compensation, office expenses and travel expenses caused by business expansion; financial expense rate increased by 0.32 units, correspondingly increased the company’s long-term borrowings and bonds payable; the R & D expense ratio increased by zero.

37 singles, due to the company’s increased scientific and technological research and development promotion.

Asset impairment losses increased by 48.

5% to 104.

700 million, or due to the impact of the domestic economic downturn and fiscal pressure, resulting in an increase in the improvement of bad debt losses.

Taken together, the company’s net profit attributable to its mother increased by 16 in 18 years.

1% to 382.

400 million, return on net assets of 15.

97%, an increase of 0 from the previous.

15 units.

  In terms of cash flow, the cash ratio is 1.

04, cash is better than 1.

07, basically the same as last year.

The company’s net operating cash flow of 10.3 billion was mainly due to the good recovery of construction and sales.

At the end of the year, the company’s asset-liability ratio continued to decline1.

1 up to 76.

9%, fully meeting the budget pressure reduction target.

The company is divided into dividends in 20181.

68 yuan, the dividend rate is reduced by 1.

14 up to 18.


  Investment advice The company has ample orders in hand, and its revenue growth is stable. In addition, the company’s third phase of equity incentives has recently been completed, and the performance release momentum has been further enhanced.

In summary, the EPS for 19-21 is slightly increased to 1, respectively.

02, 1.


24 yuan / share (the original EPS forecast for 19-20 years was 0.

92, 0.

99 yuan / share), PE is 6.

3, 5.

7, 5.

1 times.

  The target price is slightly raised from 7 yuan to 7.

3 yuan, maintain “Buy” rating.

  Risk warning: fast-changing investment in fixed assets, and the progress of PPP projects is not as expected.

Yunnan Aluminum (000807) Quarterly Report Review 2019: Downward Costs Profit Transfer from Industrial Chain Boosts Company Performance

Yunnan Aluminum (000807) Quarterly Report Review 2019: Downward Costs Profit Transfer from Industrial Chain Boosts Company Performance

Core points: 1.

Incident Yun Aluminum issued the first quarter of 2019 report, and the company achieved operating income of 50 in the first quarter of 2019.

73 ‰, a decrease of one year.

99%; net profit attributable to parent company is 0.

$ 5.1 billion turned around, with an annual increase of 148.

32%; realized profit of 0.

02 yuan.


Our Analysis and Judgment (1) Aluminum prices rebounded, and cost declines boosted the company’s performance report performance. As the prices of aluminum products rebounded and the prices of raw materials fell, this led to a redistribution of profits on the aluminum industry chain.The shift from the end to the electrolytic aluminum end drove the company’s profitability to recover.

In addition, at the end of 2018, provision for inventory depreciation resale and government subsidies have been provided to enhance the company’s performance.

Although the average price of aluminum ingots in China in 2019Q1 was 13,542.

24 yuan / ton, temporarily down 4.

48%, but the decline in the fourth quarter of last year narrowed4.

29 digits; the price of aluminum in February and March increased by 0.

89% and 2.


The 2019Q1 average price of alumina and prebaked anodes for electrolytic aluminum is 2824.

74 yuan / ton and 3822.

81 yuan / ton, respectively reduced by 0.

96% and 11.


The company’s operating cost in 2019Q1 was 45.

1.1 billion, down 4 a year.

25%; causing the company’s gross profit margin to reach 11 in 2019Q1.

08%, an increase of 3 per year.

02 units.

The net profit after deducting non-attributed mothers was RMB 8 million, an increase of 106.

88%, although the large government subsidy is included in non-recurring gains and losses, as a national environmentally friendly enterprise company featuring hydropower aluminum, it has received a large number of government subsidies for a long time, from 27.10 million yuan in 2016 to 67.57 million yuan in 2018.The year-on-year growth has helped the overall company performance.

(II) Increased capital in Haixin, hydropower aluminum production expansion and high-precision aluminum foil projects have steadily advanced and consolidated the company’s future growth. The company’s layout in hydropower aluminum, alumina, anode carbon and other expansion projects and aluminum foil, battery foil, and aluminum development projectsSteady progress.

The company intends to acquire Yunalumi Haixin 17 held by Yiliang Chihong Mining.

89% of the shares, the company’s direct shareholding ratio currently reaches 63.

99%. In 2018, the net profit scale of Yunalumi Haixin 合肥夜网 reached 11.56 million yuan. After the capital increase of Yunalumi Haixin is completed, the company’s profits will be thickened; the holding subsidiary Heqing Yixin intends to acquire Shanxi Huasheng AluminumThe 19 cation electrolytic aluminum index of the industry supports the second-phase engineering planning of the Heqing Hydropower Aluminum Project. After the project is completed, it will reach an annual output of about 45 inches of hydropower aluminum.

At present, the company’s polycarbonate production capacity reaches 140 mg / year, anode carbon production capacity is 60 g / year, electrolytic aluminum production capacity is 170 g / year, and aluminum alloy and aluminum processing capacity exceeds 80 g / year.

Along with the company’s Zhaotong, Heqing, Wenshan Hydropower Aluminum Projects and Yunnan Aluminum Xinxin 60 tons / year carbon second-phase project gradually put into production, the company’s electrolytic aluminum production capacity will exceed 300 tons / year, anode carbon production capacity exceeds 80 per day / aluminumAlloy and aluminum processing capacity exceeds 100 per second per year.

In addition, through the completion of the alumina construction project replaced by Wenshan 80, the output of self-produced alumina has been increased; through aluminum foil, 3.

5 The construction of projects such as probe battery foil and aluminum welding materials has also enhanced the added value and profitability of the product.


Investment suggestion: After the aluminum downstream enters the peak construction season, aluminum demand is picking up, and continued destocking to support aluminum prices.The reversal of the supply-demand relationship in the aluminum industry chain shifted the profit distribution of the 2019Q2 industry chain from the aluminum oxide aluminum end to the electrolytic aluminum end, and the profitability of the electrolytic aluminum industry is gradually being restored.

As a leading company in the electrolytic aluminum industry, the company has obvious advantages in relying on hydropower costs, and its performance is even more profound when the industry’s profits are restored.

We expect the company’s EPS to be zero in 2019-2020.


24 yuan, corresponding to the PE of 2019-2020 is 29x / 22x, given a “recommended” rating.


Risk warnings 1) The price of aluminum has fallen sharply; 2) The downstream demand for aluminum has fallen short of expectations; 3) The new projects have been put into operation less than expected.

Turkish President: Turkey and Russia have not reached consensus on Syria

Turkish President: Turkey and Russia have not reached consensus on Syria

Xinhua News Agency, Ankara, February 19 (Reporter Zheng Siyuan Shi Yang) Turkish President Erdogan said on the 19th that Turkey and Russia have reached consensus on the Syrian Idlib issue.

  Erdogan said in the Turkish parliament that Turkey and Russia redefine the antique talks in the Russian capital Moscow from the 17th to the 18th and 北京桑拿洗浴保健 gradually ease the tension in Idlib through diplomatic channels, but the two sides reached consensus.

  Erdogan said that Turkey and Russia have very different views on the Idlib issue, but the two sides will continue to discuss this issue.

He also said that if the Syrian government does not withdraw its troops by the end of February, Turkey will launch an operation in Idlib province.

  Syria’s Idlib province, bordering Turkey, is the last major area of internal control of opposition armed and extremist groups in Syria.

Syrian government forces have been hoping to recapture this area.

In September 2018, Russian President Putin and Turkish President Erdogan met in Sochi, and the two sides decided to establish a demilitarized zone between Syrian government forces and opposition armed forces in Idlib province.

According to the agreement, Turkey has established 12 observation points in Idlib in the name of monitoring the ceasefire.

Recently, the Syrian government army and the Turkish army broke out in Idlib. Both sides suffered casualties in the exchange of fire.

Original title: Turkish President: Turkey and Russia have not reached consensus on Syria’s Idlib

Tsingtao Brewery (600,600): Better than expected performance

Tsingtao Brewery (600,600): Better than expected performance
Performance exceeded expectations, with revenue +9.22%, net profit attributable 杭州夜网论坛 to mother +25.21% Tsingtao Brewery released its semi-annual report for 2019, and the company achieved operating income of 165 in the first half of the year.51 ppm, a ten-year increase of 9.22%; net profit attributable to mother 16.31 ppm, an increase of 25 in ten years.21%; net profit after deduction of non-return to mother 14.450,000 yuan, an increase of 30 in ten years.60%; of which, the company achieved revenue of 85 in the second quarter.99 ppm, a ten-year increase of 8.83%; realized net profit attributable to mother 8.23 ppm, an increase of 29 in ten years.6%, the company’s performance in the first half of the year achieved an unexpected growth.We expect EPS to be 1 in 2019-2021.30 yuan, 1.47 yuan and 1.69 yuan, maintain “Buy” rating. In the first half of the year, the sales volume successfully reached the growth target.6%; sales of 256 in the second quarter.40,000 kiloliters, an increase of 0 in ten years.9%.According to data released by the National Bureau of Statistics, the beer industry achieved output of 1948 at the same time.80,000 liters, a slight increase of 0 in ten years.8%.The company’s 19-year business plan puts forward the goal of achieving sales volume that is higher than the average level of the domestic beer industry. In the first half of the year, the company successfully achieved the sales volume growth target that is higher than the industry growth rate. The product structure upgrade continued to advance, and the price increase effect showed that the ton price of beer products in H1 2019 increased by 5.52%, reaching 3,499 yuan, of which the ton price increased significantly in the second and second quarters, with an increase of 7 in more than one occasion.81%, we believe that the company’s ton price increase mainly benefits from: 1) the company’s direct price increase of products in response to rising raw material prices since 18 years has been consolidated in 18 years, and the price increase effect in 19 has gradually emerged; 2) product structureThe upgrade continued to advance. In the first half of 19, the company’s main brand in Qingdao, which was positioned as a mid-to-high end, achieved sales of 2.36 million kiloliters, an increase of 6 per year.3%, Laoshan and other low-end products achieved sales of 2.37 million kiloliters, an increase of 0 a year.9%; 3) Lower taxes have a positive impact on income and profits. Effectively responded to the pressure of rising costs and optimized production capacity to help East China reduce losses. The company’s net interest rate during the reporting period was 9.9%, an increase of 1 over the same period last year.3 pct.The gross profit margin of the company in 2019H1 is 40.1%, a year increase of 0.7 pct, facing the pressure of rising raw material prices, the company better responded by raising prices and upgrading its product structure.In addition, the effectiveness of capacity optimization has improved, and the depreciation and amortization expenses included in operating costs in 19H1 have been further reduced by 13.48 million yuan.In terms of different regions, East China has benefited from capacity optimization to reduce losses by 98.8 million yuan.The company’s selling expenses in the first half of the year 18.1%, a year to raise 0.3 pct, of which the loading and unloading transportation fees increased compared to the same period last year, and the freight amount increased by 21.9%.Company management expenses during the reporting period 3.6%, a decrease of 0 compared with the same period last year.2 pct. Benefiting from consumption upgrades and maintaining a “buy” rating, beer companies benefited from the implementation of gradual tax reduction measures in the past four months. Tsingtao Brewery has become a brand influence. Benefiting from the accelerated upgrade of the industry’s product structure, the company is expected to continue to optimize production capacity in the future.Increase profitability.Based on the latest performance, we raised our forecasted earnings forecast, and expect the EPS for 19-21 to be 1 respectively.30 yuan, 1.47 yuan and 1.69 yuan (previous average 1).26 yuan, 1.43 yuan and 1.65 yuan), YOY is 23 respectively.4%, 13.2% and 14.8%, the average PE estimated level of comparable companies in 2019 is 54 times, combined with the company’s actual performance growth situation, the company is given a PE estimate of 45-46 times in 2019, with a target price of 58.46-59.76 yuan, maintain “Buy” rating. Risk warning: food safety issues, risks of raw material price fluctuations, cumulative digestion risks.