Chen Wenjin couldn’t help laughing,Him at the moment,How similar to Xiaoji’s ex-boyfriend?

only,Xiaoji’s ex-boyfriend hugged Qiangwei。
He didn’t,But even in the car,The situation at the moment is still lonely and helpless。
Chen Wenjin didn’t want to open the handbag Yang Zimei left in the car,Do not want to move,Guess and know that the contents are enough for him to drink a pot。
A Nissan van drove out of the bridge hole,There is also one behind。
Two groups of people got off in both cars,Yelling:“Don’t move!Policemen——”
Chen Wenjin doesn’t believe it。
The car started suddenly,then,A group of people who swayed straight into the front。
Several people were knocked down by the sideways body,A few hurriedly retreated and fell down,Only two or three have time to escape safely。
Yang Zimei on the sidewalk was stunned,The fiercest person she has ever seen is Brother Chao,Go crazy and dare to kill people!But the gold in front of you,Is directly hitting a group of people!
From this moment on in the eyes of Yang Zimei,The most cruel, cruel and ferocious person I have ever seen,It turned into a blue-purpleG3000Gold in。
If Yang Zimei knew that Chen Wenjin had the power to reverse the movement of matter,Or know that behind him seemingly reckless,If the collision is estimated,Won’t suffer such a strong impact。
Chen Wenjin finished U-turn,A group of people coming down straight behind,Those people are already prepared,All evade,But there were still three people who couldn’t avoid being knocked down by him。
‘This car has poor passability,The sidewalk can’t go up!There is basically no room for performance on urban roads,It’s really useless for heroes,It’s nothing but attracting attention……’Chen Wenjin thought,Take the initiative to get off。

“Brother Xia,Can we do it lightly?”

“What do you say?”
Zhao Shaojiu is desperate!
Because in the previous three days,She has already felt what is called devil training,A battle without etiquette,As if she was his enemy。
The key is that Xia Chenglong at this moment is completely a demon that the six relatives do not recognize,I promised a round,do not be afraid,He has all kinds of top healing medicine。
This is what people can say?
Like now,Although Xia Chenglong has suppressed his strength to the state of transformation,But the woman is still being beaten,And there is no fight back。
Xia Chenglong’s voice has not fallen,Come directly to the woman,Reiki flows in the arm,Punch out。
Zhao Shaojiu quickly resisted,Cross your arms across your chest,Abruptly blocked the opponent’s punch,And just this punch has numb her two arms,Almost lost control!
Ready to fight back,Just about to kick it,Xia Chenglong takes the lead,Block back the upward foot,And the upward leg kicked directly to the shoulder。
“Damn,There is no way!”
Zhao Shaojiu’s body flew out instantly,Fell five meters away,She has been seriously injured。
“stand up!”
Body pain,Don’t say stand up,It’s impossible to even move at this moment。
Face like Shura Di Xia Chenglong walked over,Reiki floats between hands,Grab the woman directly,The hand like a huge dragon’s claw is strangling the opponent’s throat,Let the woman hang on the ground。
“how,You think we are joking,without me,Just by the time you are now,Will die miserably,So let others kill you,Might as well let me solve you。”

Focus!The bank’s Internet loan management approach has come up with some requirements?

Focus!The bank’s Internet loan management approach has come up with some requirements?
On May 9, the China Insurance Regulatory Commission issued the “Interim Measures for the Administration of Commercial Banks’ Internet Loans (Draft for Comments)” (hereinafter referred to as “Measures”).The “Draft for Comment” mainly includes five aspects: reasonable definition of the content and scope of Internet loans, clear risk management requirements, standardization of the management of cooperative institutions, strengthening consumer protection, and strengthening after-event supervision.In addition, with regard to the arrangement of the transition period, the transition period shall be set in accordance with the principle of “cutting new and old”, which shall be 2 years from the date of implementation of the “Measures”.The reporter sorted out the full text of the “Measures”. The focus questions are as follows: Focus 1: Why should the “Measures” be formulated?Absolutely, the Internet loan business of commercial banks has developed rapidly, but the Internet loan business has also exposed problems such as inadequate risk management, inadequate financial consumer protection, and inadequate monitoring of funds and other potential risks.Existing relevant management methods do not fully cover the above issues, and commercial bank Internet loans for online authentication of customers have actually broken through the provisions of interviews and face-to-face interviews and field investigations.Therefore, it is necessary to fill in the system shortcomings as soon as possible to promote the standardized development of the Internet loan business.In short, the “solution” divides the existing Internet loan business into standardized tracks and promotes the healthy development of new formats.From the perspective of commercial banks, commercial banks currently cooperate with third-party institutions to conduct Internet loan business in various ways, but some banks have relatively extensive management of cooperative institutions. If there is no unified management system across the bank, the qualifications of cooperative institutions are flawed.Inadequate continuous management of cooperative institutions, etc., has caused bank reputation risk.Focus 2: The “Measures” put forward some requirements for commercial banks?The “Measures” stipulate that commercial banks should conduct prudent operations in accordance with the principle of automatic risk control when co-funding and issuing with cooperating institutions, and avoid becoming pure fund providers.When a commercial bank launches an Internet loan product to a target customer by itself or through a cooperative institution, it protects the customer ‘s right to know and the right to choose independently, and shall not deprive consumers of the right to express their wishes by means of substitution or forced bundling.A commercial bank shall not provide funds for the issuance of loans in any form to cooperative institutions without the qualification for lending business, and shall not jointly fund and issue loans with cooperative institutions without the qualification for lending business.Commercial banks shall collect and use the legal assets of stakeholders, shall not violate laws and regulations and the consent of the borrowers and lenders, shall not use risk data for activities that are not related to the loan business or harm the legitimate rights and interests of the person, and shall not provide shareholder risk data to third parties.Unless otherwise stipulated by laws and regulations.Commercial banks are strictly prohibited from cooperating with third-party institutions that have illegal collection and use of personal information, violent collection and other illegal records.Commercial banks shall not lend directly or in disguised form to the cooperative institution itself and its affiliates.Except for cooperating institutions that jointly provide loans to issue loans, commercial banks may not entrust the cooperating institutions to perform key operations such as loan issuance, principal and interest recovery, and stop payment.Commercial banks legally explicitly require that cooperative institutions in any form not to supplement interest payments to others involved in the case. Insurance companies and guaranteed institutions shall exclude reasonable fees from them in accordance with relevant regulations, as well as those regulated by the banking regulatory agency.Except for other outstanding.Focus 3: What are the targeted measures for preventing and controlling Internet loan risks?The Internet loan business has the characteristics of highly relying on big data risk modeling, automatic operation of the entire process, rapid approval of loans, etc. It is prone to excessive credit, long-term co-debt, and non-compliant use of funds.In order to effectively prevent and control the risks of Internet loan business, the “Measures” focus on regulating the following aspects.The first is the clear short-term principle of Internet loans. The personal credit loan limit for a single household for consumption exceeds not more than 200,000 yuan. If the loan is overdue once and the loan period is not more than one year.Limits are set for consumer personal credit loans to prevent the risk of rapid rise in the personal leverage ratio of residents.The second is to strengthen unified credit management to prevent excessive credit.Commercial banks properly and comprehensively understand the suspect ‘s credit status, and continue to monitor and evaluate through the risk monitoring and forecasting model. If a trigger condition is found, a timely warning should be provided.The third is to strengthen loan payment and fund management.Commercial banks should adopt a fiduciary payment method for loans that meet the corresponding conditions, and refine the fiduciary payment alternative management.The exclusive right to use loan funds is clear and legal, and cannot be used for investment in house purchases, stocks, bonds, futures, financial derivatives and asset management products, and cannot be used for fixed assets and equity equity investments.If the loan is found to be illegal or not in accordance with the agreed use, please take measures to replace the loan in advance.The fourth is to put forward the whole process and all-round requirements for risk data, risk model management and information technology risk management, so as to consolidate the responsibility of risk management subjects of commercial banks.Fifth, strengthen after-event supervision.Focus 4: How does the “Measure” reflect the idea of serving the real economy?The “Measures” do not set up administrative licenses in accordance with the requirements of laws and regulations and the reform of “deregulation and service”, and commercial banks carry out Internet loan business in accordance with the “Measures”.At the same time, while strengthening risk management and supervision, the credit lines and terms of personal loans and working capital loans for production and production have been flexibly processed to ensure the continuity of financing for small and micro enterprises through Internet channels and enhance theThe proportion of corporate and small and micro business owner credit loans can effectively support the real economy during the critical period of epidemic prevention and control and economic downward pressure growth.Focus 5: Does the “Measures” restrict the cross-regional development of local commercial banks?The “Measures” have not yet restricted the establishment of uniform quantitative indicators for local corporate banks to conduct cross-regional Internet loan business. However, local corporate banks should carefully implement such businesses in accordance with their risk control capabilities and ensure the effective identification and monitoring of cross-regional Internet loan businessesDevelopment situation.At the same time, the supervisory authority has the right to propose further prudential supervision requirements based on the scale and risk level of the cross-regional business of commercial banks.Some banks that have no physical business outlets and whose businesses are mainly online are not subject to the restrictions on cross-regional operations in the Measures.Sauna, Night Net Editor Hou Runfang Chen Li proofreading Lu Qian

Sanhua Intelligent Control (002050): Traditional business is stable and there is ample space for new energy thermal management

Sanhua Intelligent Control (002050): Traditional business is stable and there is ample space for new energy thermal management

Event Overview The company released its semi-annual report for 2019, achieving revenue of 58H1 in 2019.

31 ppm, an increase of 4 per year.

3%; net profit attributable to mother 6.

93 ppm, a ten-year increase2.

4%; net profit after deduction 6

42 ppm, 10-year average4.


By quarter, 2019Q2 achieved revenue of 30.

50 ppm, an increase of 1 per year.

2%; net profit attributable to mother 4.

34 ppm, an increase of ten years.

3%; net profit after deduction to mother 4.

32 ppm, with a ten-year average of zero.


Analysis and Judgment: Revenue: Rapid growth of overseas revenues and hedge of domestic revenue reorganization. In terms of products, the performance of ZERO zero revenue is bright. In terms of products, 2019 H1 refrigeration and air-conditioning electrical components business revenue of 50.

67 ppm, a 10-year increase3.

4%. Against the background of the weak global market demand in the first half of the year and the rising trade friction between China and the United States, the company’s leading industry integration guarantees that the traditional main industry as a whole remains stable; the auto parts business revenue7.

64 ppm, an increase of 10 in ten years.

6%. Although the demand for traditional automobiles was weak in 佛山桑拿网 the first half of the year, the thermal management business of new energy vehicles maintained rapid development, and the revenue of the auto zero business was outstanding.

By region, the domestic business revenue of H1 2019 was 29.

3.3 billion, down slightly by 2.

3%, overseas business revenue 28.

9.8 billion, an increase of 10 years.

9%. Thanks to the operation strategy, the rapid growth of overseas revenue has effectively hedged the fluctuation of domestic revenue.

By quarter, 2019Q1 / Q2 revenue growth rate was 7 respectively.

9% / 1.

2%, the month-on-month decrease in growth rate is related to Yaweiko’s revenue ranking.

Profit side: In the second quarter, the gross profit margin improved significantly month-on-month, and the increase in the expense ratio caused a drag on the net profit margin of the company in 2019H128.

32%, 0 per year.

68pct, energy consumption is the reduction and improvement of the gross profit margin of the refrigeration and air-conditioning electrical parts business and the auto zero business, and the restoration of the increase in the proportion of the auto zero business with a higher gross profit.

Gross profit margin of 2019 H1 auto zero business 32.

54%, an increase of 2 per year.

71pct, mainly due to the significant increase in revenue of new energy vehicle supporting products with higher gross profit margins.

In terms of quarters, 2019Q1 / Q2 companies’ gross profit margins were 25 respectively.

24% / 31.

The significant improvement of 12% over the previous quarter was mainly due to the company’s aggressive efforts to reduce costs through automated transformation and technological upgrades, as well as streamlining departments and staff.

In terms of expense ratio, the sales expense ratio is 4.

52%, increasing by 0 every year.01pct, management expense ratio 5.

22%, 0 per year.

81pct, mainly affected by rising labor costs, financial expense ratio is 0.

21%, a year up 0.

29pct, R & D expense ratio 4.

26%, a year up 0.

59pct, R & D investment has further increased, and the four expense ratios total 14.

22%, increase by 1 every year.


The increase in expense ratio will cause the company’s net interest rate to decrease by 0 in 2019H1.

46pct to 11.


The refrigeration and air-conditioning electrical parts business is still steadily growing. The company’s technological level is leading the world. According to the company announcement, the core products of electronic expansion valves, four-way valves, solenoid valves, and micro-channel heat exchangers have the world’s largest market share.

In terms of different products, the company will still benefit from the improved performance of refrigerators and air conditioners. At the same time, the consumption upgrade of dishwashers, coffee makers and the expansion of commercial refrigeration will also contribute a considerable increase to the company.

In terms of production capacity, the gradual release of production capacity at Vietnam’s factories will help the company effectively avoid the distortionary effects of Sino-US trade friction.

New energy vehicle thermal management business has ample room for growth. The company’s supporting new energy vehicle products have gradually evolved from parts to components, subdivided, in response to the turn of vehicle customers, and the trend of assembly procurement.Close to 5,000 yuan.

At the same time, the company actively expands overseas customers. At present, it has received orders from Mercedes-Benz, BMW, Valeo, Mahler and other overseas first-line customers. After the production in Mexico and Poland, it will serve North American and European customers more effectively.

The new energy vehicle industry has a bright future, and the thermal management business will be the core driving force for the company’s future growth.

Investment suggestion The company’s refrigeration, air-conditioning and electrical appliance parts business is operating steadily, and the leader must be difficult to shake. At the same time, we are optimistic about the development prospects of the new energy vehicle thermal management business.It will drive the continuous growth of the thermal management business revenue.

The company’s EPS for 2019-21 is expected to be 0.



69 yuan, corresponding to 21 for PE.



5, with reference to historical estimates over the past 5 years, the company is given a 25x 2019 P / E ratio, corresponding to a target price of 12.

75 yuan, the first coverage given “overweight” rating.

Risks suggest that the development of the new energy vehicle thermal management business is less than expected; the commercial refrigeration business development exceeds expectations; sales of air conditioners and refrigerators decline.

Tech leader beats blue-chip CSI technology leader index outperforms CSI 300

Tech leader beats blue-chip CSI technology leader index outperforms CSI 300
Source: Investor Network Original Title: Technology Leader Powers Big Blue Chips!The CSI Technology Leading Index clearly outperforms the Shanghai and Shenzhen 300 domestic technology leader ETF——Huabao Technology Leading ETF, the fund is referred to as “Technology ETF”, the transaction code is 515000, and the total turnover has exceeded 560 within 11 trading days100 million yuan, its daily average is 5.The turnover of 1 billion US dollars ranked first in the average daily turnover of all theme / industry ETFs in Shanghai and Shenzhen.  The only domestic technology leader ETF-Huabao Technology Leader ETF, the fund is referred to as “Technology ETF” with a trading code of 515000. In just 11 trading days after listing, the total turnover has exceeded 5.6 billion yuan, with an average daily value of 5.The turnover of 1 billion US dollars ranked first in the average daily turnover of all theme / industry ETFs in Shanghai and Shenzhen.In terms of revenue, the China Securities Technology Leading Index tracked by the Huabao Leading ETF, the index code is 931087, which has performed strongly in the short, medium and long term.Whether this year, or the past 1 year, 2 years, 5 years, or even the establishment of the index, the CSI Technology Leading Index has outperformed the CSI 300 Index.  Wind data statistics show that as of August 30, the CSI Technology Leading Index increased 杭州夜生活网 by 45 this year.09%, while the Shanghai and Shenzhen 300 Index rose only 26 during the same period.20%, the excess return is nearly 19%.Also as of August 30, the past 1 year, 2 years, and 5 years, the CSI Technology Leading Index increased by 12 respectively.56%, 1.57%, 70.73%, while the Shanghai and Shenzhen 300 Index rose by 12 during the same period.20%, -0.91%, 62.49%.The CSI Technology Leading Index is based on June 29, 2012. From July 1, 2012 to August 30, 2019, the CSI Technology Leading Index has a growth income of 195.11%, compared with the CSI 300 Index, the cumulative excess return is as high as 140.76%.It is worth mentioning that, in addition to having an advantage over the blue-chip market, and the generally recognized typical growth stock indexes such as the GEM, a 50 ratio, the technology industry leader index over the past three years is also significant.  According to public information, the CSI Leading Index is composed of the stocks of 50 leading companies in Shanghai and Shenzhen, which are China Electronics, Computer, Communication, and Biotechnology.In order to reflect the overall performance of the stocks of leading companies in the technology sector of Shanghai and Shenzhen.The stocks in the science and technology board that meet the requirements of the CSI Technology Leadership Index also have the opportunity to replace its constituent stocks.Among the top ten weighted stocks in the index, there are both the Chinese innovative drug leader “Hengrui Pharmaceutical” and the global security leader “Hikvision”, as well as the first A-share pure artificial intelligence first share”, A series of leading A-share technology companies with core competitiveness, such as consumer electronics leader” Luxun Precision “.On August 16, Huabao Technology’s leading ETF was officially listed on the Shanghai Stock Exchange, and the scale of the market was doubled in three trading days, becoming a doubled ETF in history.The technology ETF joint fund, A-share code 007873 and C-share code 007874, have also ended their issuance on August 27. It is expected to open a subscription soon. At that time, OTC investors can easily invest in this index fund and share the leading technology shares.Growth dividend.

Op Lighting (603515): Poor environment, temporary pressure channel change, and actively respond

Op Lighting (603515): Poor environment, temporary pressure channel change, and actively respond

Event On August 23, 2019, OP Lighting released its 2019 Interim Report, and the company achieved total operating income of 37 in 19H1.

78 ppm, a ten-year increase of 7.

10%; net profit attributable to mother 4.

0.5 billion, ten years +13.

09%; net profit after deduction of non-return to mother 2.

57 trillion, +1 a year.


In terms of quarters, the company’s 19Q1 / Q2 single quarter revenue was 16 respectively.

63, 21.

1.5 billion, change by +12 each year.

17%, +3.

43%; net profit attributable to mothers is 0.

86, 3.

19 trillion, change +22 each year.

76%, +10.


Our analysis and judgment are that the lighting business has the fastest growth rate and continues to cultivate channels.

19H1 realized income 37.

53 trillion, +6 ten years ago.

53%, the short-term growth rate is mainly due to the impact of land area, gross profit margin of 36.


Home lighting: More than 3,500 retail stores, 120,000 hardware outlets, and multi-platform online channels have been established in various city-level markets across the country, and continue to sink to third- and fourth-tier cities and township markets.

Retail channels can improve store service capabilities through professional empowerment.

As of 19H1, more than 10% of terminal stores have been trained in lighting design design training.

At the same time, channel conversion is achieved through three-dimensional drainage models, such as raising deep farming, home improvement companies, bagging platforms, WeChat marketing, and TV shopping.

The distribution channel continued to promote channel sinking and increased the proportion of high-quality outlets.

As of 19H1, the coverage of township outlets 重庆耍耍网 exceeded 50%.

Online channels are gradually deploying select and social e-commerce platforms to obtain consumer traffic through multiple channels.

Commercial lighting is deeply cultivating application scenarios, launching industry-driven solutions, building product platforms, and continuously launching a variety of intelligent lighting control solutions.

Overseas business continues to deepen localized operators. 19H1 is the office space of the Copman Group in the Netherlands, Naples Stadium in Italy, the University of Saudi Arabia, the Amazon warehouse in India, the Huawei showroom in Surabaya, Indonesia, and the Vivo Experience Store in Thailand.

During the period, the expense ratio was well controlled, and operating cash flow improved significantly.

The gross profit margin of the company in 19H1 decreased slightly, down by 1.

37pct to 36.


The overall period expense ratio decreased by 1.

29pct to 26.

35%, of which the sales expense ratio, management expense ratio, research and development expense ratio and financial expense ratio are -1.

75pct / -0.20pct / + 0.

59 points / +0.

08pct to 19.

38%, 3.

47%, 3.

37%, 0.


The decrease in sales expense ratio was mainly due to a 72% decrease in advertising market fees.

Net interest rate rose by 0.

57 points to 10.


19H1 The company achieved net operating cash flow2.

12 trillion, 0 compared with the same period last year.

38 trillion significantly improved.

During the period, the expense ratio was well controlled, and operating cash flow improved significantly.

The gross profit margin of the company in 19H1 decreased slightly, down by 1.

37pct to 36.


The overall period expense ratio decreased by 1.

29pct to 26.

35%, of which the sales expense ratio, management expense ratio, research and development expense ratio and financial expense ratio are -1.

75pct / -0.

20pct / + 0.

59 points / +0.

08pct to 19.

38%, 3.

47%, 3.

37%, 0.


The decrease in sales expense ratio was mainly due to a 72% decrease in advertising market fees.

Net interest rate rose by 0.

57 points to 10.


19H1 The company achieved net operating cash flow2.

12 trillion, 0 compared with the same period last year.

38 trillion significantly improved.

Investment suggestion: We expect the company’s main business income from 2019 to 2020 to be 88.

1.3 billion and 98.

21 trillion yuan, an increase of 10 in ten years.

11% and 11.43%; net profit attributable to mothers is 10 respectively.

1.8 billion and 11.

7.3 billion yuan, an increase of 13 in ten years.

21% and 15.

22%, corresponding EPS is 1.

35 yuan / share, 1.

55 yuan / share, corresponding to PE of 22.

28x and 19.

34x, maintain “Buy” rating.

Risk factors: industry competition intensifies, downstream real estate growth rate is not up to expectations

Bealead (600827) Coverage Report for the First Time: Reloaded Shopping Mall Outlets Drives Growth

Bealead (600827) Coverage Report for the First Time: Reloaded Shopping Mall Outlets Drives Growth
This report reads: The company is a leading commercial company in East China. It has large-scale comprehensive supermarkets, shopping malls, outlets, supermarkets and other department stores. After several store adjustments, the current age structure of the store is getting better, and revenue and profits are expected to increase. Investment highlights: Investment advice: The company is a leader in East China business, with very high value of its own properties.In 2019, the decoration adjustment of the main stores has basically ended, the age structure of the stores has matured, and the fundamental recovery is expected.Subsequent Shanghai state-owned enterprise reform is expected to drive the company’s mechanism and strategic transformation as a whole.EPS 0 is expected for 2019-2021.51/0.56/0.63 yuan, with reference to the industry discount to give the company an PB estimate of 1.1x coverage for the first time, target price of 11 yuan, “overweight” level. The performance recovery trend is obvious, and the revenue and profit are both increasing.2019H1 achieved revenue of 2.61 million yuan, an increase of 5 throughout the year.09%, net profit attributable to mother 6.09 million yuan, a three-year growth of 3.05%, revenue and profit growth continued to increase earlier in 2018, recovery and significant; Outlet (+13.7%), shopping center (+7.3%) led the growth rate.Overall gross profit margin 21.27%, a slight decrease compared to previous years; benefiting from improved operating efficiency, net interest rate3.41%, rising by 0 every year.2%. Store adjustments are over, shopping malls, Ole growth are expected, state-owned enterprise reform is steadily advancing, and new retail is actively explored.After the annual store adjustments and renovations since 2016, the company’s main stores: the first Yaohan, Nanjing East Road stores, Dongfang Commercial Building, etc. have been fully upgraded, the company’s new store ratio has dropped, the new store, the number of old storesContinue to improve.Shopping malls and outlets are the focus of the company’s continued expansion of stores. The proportion of both parties’ revenue and the continuous increase in gross profit margin will become the company’s new profit growth engine.In 2019, the focus of the reform of Shanghai’s state-owned enterprises will be on “mixed” and “reform”. As a key commercial state-owned enterprise in Shanghai, the company is committed to actively participating in the pilot;Yi Ke Convenience Stores opened one after another; Lianhua Supermarket actively reduced losses after dating Ali, and plans to develop again.The company’s current PB is less than 1x. Pessimistic expectations are expected to be revised as the performance improves and the national reform progresses. Catalysts: Sub-new stores are gradually gaining strength, shopping malls are growing more profitable, and the risk of state-owned enterprise reform is underway: economic growth continues to grow, and state-owned enterprise reform and new retail cooperation are not up 南京夜网论坛 to expectations

Datang Power Generation (601991) Quarterly Report Review 2019: Profits Rise, Expect Coal Prices to Fall

Datang Power Generation (601991) Quarterly Report Review 2019: Profits Rise, Expect Coal Prices to Fall

Event: Datang Power released the 2019 first quarter report.

The company’s operating income in Q1 2019 was 227 million, divided by 1.

0% (restated); net profit attributable to mother 4.

3 ppm, an increase of 11 years.

1% (restated); EPS 0.

02 yuan.

The growth rate of power generation has fallen, and the operating income has doubled each time: the company’s power generation in 2019Q1 was 60.2 billion kilowatt-hours, and the valuation in 2018Q1 (called restatement) increased by 23.

6%, a growth rate of 12 lower than expected in 2018.

1 digit; subdivided from the first quarter of 2018 (restated) ranking 4.

9%, a growth rate of 10 lower than expected in 2018.

2 units.

The company’s power supply structure is dominated by thermal power. We believe that the decline in the company’s power generation growth rate is mainly related to the overall power generation situation of the thermal power industry and the company’s regional structural factors.

Affected by the decline in the growth rate of power generation, the company’s operating income in 2019Q1 was 22.7 billion US dollars, a year-on-year decrease of 1.

0% (restated).

Coal prices have fallen and profitability has picked up: In 2018, coal prices were generally in a high and volatile state, but since 2018Q4, coal prices have shown a downward trend.

The downward trend of coal prices in 2019Q1 continues, and the average national coal price index in 2019Q1 is about 508 yuan / ton, continuous and down by 8 sequentially.

4%, 2.


The company’s current profit margin is still at the expected level, and coal price is an important factor to promote the company’s profit repair.

Benefiting from factors such as the decline in coal prices, the company’s 2019Q1 profit has picked up.

The company’s net profit attributable to its parent in Q1 20194.

3 ppm, an increase of 11 years.

1% (restatement), turning losses into profits from the previous month (attributable to net profit of -5 in 2018Q4).

300 million).

We believe that by providing an improved supply-demand relationship, the central hub for coal prices promotes a continued decline and promotes the company’s profit recovery.

Earnings forecast and investment grade: Under the assumption that the company’s coal price will decrease by 1%, 3%, and 2% in 2019-2021, the forecasted net profit for 2019 and 2020 will be 杭州桑拿网 reduced to 31.

7, 40.

200 million (39 before adjustment respectively.

0, 42.

500 million), plus a predicted net profit for motherhood of 45 in 2021.

500 million yuan.

The company’s EPS for 2019-2021 is expected to be 0.

17, 0.

22, 0.

At 25 yuan, the current PB of Datang Power Generation (A) corresponding to Datang Power Generation (A) are 1 respectively.

2, 1.


1x; the current corresponding PB of Datang Power (H) corresponding to Datang Power (H) are 0.63, 0.

60, 0.

58 times.

Granted Datang Power Generation (A) 2019 1.

3x PB level, raise target price to 3.

61 yuan, maintaining “overweight” rating; given Datang Power (H) 0 in 2019.

69 times PB level, corresponding to the target price of 2.

24 construction, the first coverage given an “overweight” rating.

Risk warning: The thermal coal price 北京夜生活网 is higher than expected, the on-grid electricity price is lower than expected, the power demand is higher than expected, and the unit’s operation is slower than expected.

You must wash your hands after doing these 10 things

You must wash your hands after doing these 10 things

Good personal hygiene, especially hand washing, can be a firewall for many diseases.

Except for washing your hands before and after meals, which we have known since we were young, is there any other time when you should wash your hands and ignore them?


Wash your hands after reading the newspaper.

Organic solvents such as ethanol, isopropanol, and toluene are often used in printing inks. These substances are harmful to the human body even if they remain.


Wash your hands after taking milk or newspaper in the morning.

Because of milk boxes, newspaper boxes can easily breed bacteria.


Wash your hands when you go out.

During going out, if you point your hands at the ground, you will come into contact with some public places, such as door handles, elevator handrails, buttons for elevators, etc. These places are all places where bacteria and viruses gather, which are very dirty.

Therefore, when you go out, you must wash your hands before doing other things.


After taking the wallet and banknotes, wash your hands after using the cash machine.


Don’t forget to wash your hands after dining out and ordering dishes after reading the menu.

Because the menus are really dirty, few restaurants routinely disinfect the menus.


Wash hands after using computer, mouse, and mobile phone.

These are several commonly used items that are easily overlooked, but very dirty.


Wash your hands after drying.

Dirty clothes and bacteria in the washing machine can become contaminated during the washing process.

During the process of drying clothes, these hands are likely to be infected with these bacteria. The ultraviolet rays can eventually achieve disinfection, but the hands are often ignored.


Wash hands after touching body secretions.

For example, sneeze, cough or blow your nose after covering your mouth and nose.


Wash hands after touching pets or poultry to prevent animal-related infectious diseases.


Wash your hands after changing diapers for your baby or patient, or after handling contaminated items.

  Most people wash their hands simply by rinsing, but they will go beyond the rubbing of fingertips, fingers, and thumb, which can only reduce the bacterial contamination rate by 18%.

The World Health Organization recommends a standard hand-washing method, called a six-step scrub method. Washing hands for 40 seconds or more can increase the pass rate of hand hygiene by 30% to 40%. The steps are as follows: first step, palms facing each other, fingers close togetherStep 2: Rub the palms of your hands against the back of your hands and rub each other along the finger seams; Step 3, palms facing each other, your hands cross each other along the fingers; rub the fourth hand, holding each other’s hands and rubbing each other; step five, one handHold the thumb of the other hand and rotate and rub it on the palm; in the sixth step, rub your palm with your fingertips.

Insufficient magnesium in hand and foot tics

Insufficient magnesium in hand and foot tics

Magnesium is one of the minerals necessary for the body to maintain normal life, and is an essential element in the body’s metabolic process.

Normal full-term neonates contain about 1 g of magnesium oxide, of which 5% is in bones, 45% is in muscle and soft tissue, and 5% is distributed in gastric fluid, blood and cerebrospinal fluid.

The normal magnesium for healthy babies is 2?
3 mg / dL.

Although the blood magnesium content in children is very small, it has a considerable effect on the body. It can maintain the structural function of the central nervous system, inhibit the excitability of neuromuscular muscles, maintain normal contraction of myocardium and the elasticity of coronary arteries, regulate the activity of enzymes, and ensure intracellularThe amount of potassium ions plays a very important role.

As long as the blood magnesium drops to 1.

Below 5 mg / dL, infants develop hypomagnesemia like hypocalcemia.

  Premature and newborn births 3?
Onset can occur after 5 days. Those with mild eye twitching at the corners of their eyes, facial muscles spasm, eyeballs turning up and staring, they can fall asleep and wake up as usual.

The severe person is pale, does not think about diet, loses consciousness during convulsions, rhythmic twitching of hands and feet, may have paroxysmal apnea and incontinence.

Babies are predominantly systemic and paroxysmal limbs. They lose consciousness during convulsions, and the eyes are fixed up, which occurs several times a day.

Hypomagnesemia often occurs in children with early diarrhea and malnutrition. When tremors, convulsions or convulsions occur, and calcium treatment is ineffective, hypomagnesemia should be considered, with blood magnesium below 0.

6mmoL / L, the diagnosis can be confirmed.

  In order to prevent the occurrence of hypomagnesemia in infants, breast milk replacement should be vigorously promoted, and various lean foods such as lean meat, fish, soy products, vegetables and fruits should be added as early as possible in supplementary food for children.

  Foods rich in magnesium are: milk, tomatoes, bananas, carrots, spinach, chicken, lean meat, etc.

  Foods rich in magnesium include: soy milk, fish, pork liver, cucumber, tofu, pakchoi, fruit juice, potatoes, alkali-free steamed bread, and so on.

  General foods containing magnesium include: boiled eggs, rice porridge, apples, pears, bread, watermelon, etc.