Fengshen unveiled!Nezha Yang Jian appeared, and Da Ji showed her back

“Fengshen” unveiled!Nezha Yang Jian appeared, and Da Ji showed her back
On December 20, the movie “Trilogy of Feng Shen” starred by Wu Shan, Huang Bo, Fei Xiang, Li Xuejian, Xia Yu, Chen Kun, Yuan Quan, Yu Shi, and Hai Liang released a trailer.Although the trailer is only 30 seconds long, it has a huge amount of information and presents many classic stories in the original novel “The Legend of Gods”. Many classic characters have also noticed a number of appearances, in addition to the previously announced Jiang Ziya, Yuan Shi Tianzun, ShangIn addition to Wang Yinshou, Xibo Hou Jichang, Shen Gongbao, Queen Jiang and other characters, Nezha, Yang Jian and other popular characters in the original works also appeared in the trailer.Sauna, Yewang selected 10 key shots from the trailer to analyze the allusions in the “Four Gods Trilogy” exclusively for readers.It is reported that the “Four Gods Trilogy” is expected to be released in 2020, 2021, and 2022 for three consecutive years. The first part will land on the big screen after the summer of 2020.The 10 key shots of the trailer1, Jiang Ziya presents treasure to Yin Shou The first shot of the trailer is that Jiang Ziya presents treasure to Shang Wang Yinshou in the Longde Hall. Jiang Ziya said, “The treasure I offer is called Feng Shenbang.”In the original work of “Fengshen Yanyi”, this episode reappeared. Jiang Ziya first went to the temple to meet Shang Wang Yinshou, because he conquered the jade pipa essence, and used Sanmei Zhenhuo to refine the prototype of the pipa essence., The official bowed to the doctor.The “Fengshenbang” was when Jiang Ziya came back to Zhou Guifang and couldn’t overcome it and then returned to Kunlun Mountain for help. Yuanshi Tianzun asked the Antarctic fairy to hand him over and let him build a Fengshentai in Xiqi and hang the Fengshenbang inOn the stage, all the famous people on the list will be guided to the Fengshentai by the Fengshen List after death.In the original work of “Fengshen Yanyi”, “Fengshenbang” has never been presented as a physical appearance, but in the trailer, it has become a white jade treasure in Jiang Ziya’s hands. What will be derived from this treasureThe story is definitely a suspense.2. Yuanshi Tianzun appeared in Chen Kun’s role as Yuanshi Tianzun appeared in the trailer, called black beard, eyes twisted.Yuanshi Tianzun is one of the three disciples under the ancestor of Hongjun, and one of the three friends (the other two are Taishang Laojun and Tongtian priest), living on the Qilin Cliff of the Kunlun Mountain, the ancestor of WanshanThe name of the palace of the dojo is “Yuxu Palace”.He is one of the main deacons who preside over the Fengshen Avenue. He has a profound magical power and is also the former master in charge of the Fengshen list.3. A shot of Shang Wang Yin Shou’s ascension appeared in the trailer for Shang Wang Yin Shou’s ascension. Shang Wang said: “Yin Shou, the kid, has never called the heart of the king.”Yin Shou is the youngest son of Emperor Yi of Shang Dynasty. His first two sons were not born of his wife. Only his youngest son, Yin Shou, was born of the queen, so he became the prince.After Di Yi’s death, Yin Shou (King King of Shang) took the throne.4. In the proton war dance trailer, there is a picture of the proton brigade shirtless and dancing together in the Longde Hall.Proton, originally referring to hostages sent to places or other countries in ancient times, was mostly a noble prince; brigade was a reference to the army during the Shang and Zhou Dynasties.The proton brigade, bodybuilding physique and fearless spirit in the picture have released amazing original power.According to historical research, the ancient civilization of Yin Shang was recognized as human himself, advocating physical and natural vitality.In order to celebrate the victory of the war, the proton war dance was the highest etiquette at that time, and the noble men were half-naked, and they danced to the king to celebrate the celebration.The half-naked body represents the loyalty to the king and the heart of Chi Zi.As early as the preparation of “The Trilogy of Fengshen”, director Wu Ershan has made up his mind not to change the flow of actors, but to establish a “Fengshen Performing Arts Training Camp” to create a new “Proton Brigade””Roles.Therefore, since February 2017, the crew has screened more than 20 young actors from 15,000 people in the global Chinese community to enter the “Fengshen Performing Arts Training Camp”.Newcomers must be trained in 24 weeks of professional courses. Closed courses of more than 12 hours per day in 24 weeks, training 6 days a week, from performance, fighting, equestrian, ancient music, traditional culture, film analysis and body shaping.Training, constantly breaking through its own limits, only to meet the director’s stringent requirements on “Proton Brigade”.5. Xibohou received Lei Zhenzi as the righteous son Xibohou Jichang (Li Xuejian), performing a completely different style of king, embracing the baby in the wild countryside, “This is my child”.The baby he embraced in his arms should be Lei Zhenzi, which is a testament to the original allusion of “Ji Bo Yanshan Collecting Lei Zhen” in the tenth round of “The Legend of Gods”.Lei Zhenzi was met by Zhou Wen Wang Jichang while hiding in the rain, and he was accepted as the righteous son.Because it was born with the thunder, it was called Lei Zhenzi.Because Lei Zhenzi had “wind and thunder wings” under his back ribs and grew into blue-faced fangs with hair like cinnabar and strange bird appearance, this character is probably not played by a real person, but should be a digital person shaped by CG special effects.6, Nezha, Yang Jian appeared in the “Fengshen Romance” two popular characters Yang Jian (this sand decoration) and Nezha (Wu Yafan decoration) officially appeared in the trailer.In the picture, Yang Jian wields a three-pointed two-edged sword, Nezha holds the Qiankun circle, is dressed in a mixed sky, and steps on the hot wheels, and the two perform a magical power to kill the encirclement scene, demonstrating their high-level skills.In these two roles, Wu Ershan did not choose a star to appear, and both used newcomers.7. Queen Jiang (Quan Yuan), an important female character in the trailer for the death of Queen Jiang, appeared in the trailer. After she drew her sword, she said, “Please ask the king to stab the concubine.”Queen Jiang is the original queen of King Shang, who is a virtuous person and has two sons, Yin Jiao and Yin Hong.The kings were admonished by the group ministers for playing the king for a long time, and exhorted the king to indirectly offend Daji and hate him.Later, he was framed by Daji to frame her as a king of stabs. She was shot to iron her hands and succumbed to the West Palace. The soul entered the list of gods.In the perception of the Chinese people, Queen Jiang can be said to be a representative of traditional Chinese women. In this announcement, Yuan Quan’s hand holding a sharp blade and begging to die is also a scene of deep sorrow and despair.8. In the trailer of Shang Yu and Da Ji Ji, the naked Nao Wang and Da Ji, who only show his back, bathe together, looking across each other affectionately. This scene often appears in film and television works about Feng Shen.Daji was originally the daughter of the “Suhu” of Jizhouhou in the Shang Dynasty and a peerless beauty of the country, and was dedicated to the king of Shangyu by her father.Seize.King Shangyu was bewildered by Da Ji’s beauty, and she was ridiculous.At present, Daji’s cast has not been announced yet, which is very mysterious.9. In the trailer of Yin Jiao holding a sword to stab Daji himself, Yin Jiao held a sword and faced the camera angrily: “She is not a human being a fox demon”. It is easy. The fox demon is talking about Daji.Because Daji killed Yin Jiao’s mother, Queen Jiang, with his plan, Yin Jiao was angrily trying to kill Daji.Yin Jiao’s behavior angered King Wang and was hunted down by King Wang.10. At the end of Shen Gongbao’s appearance trailer, Xia Yu’s Shen Gongbao played the finale. He is a classic villain in “The Legend of God”.Shen Gongbao was a disciple who taught reasoning. He worshipped Jiang Ziya under Yuanshi Tianzun’s door and was a teacher of Jiang Ziya.Later, he violated the rules of the Yuxu Palace and was removed from the Yuxu Palace. He worshipped under the main gate of the Tongtian Church of the Biyou Palace and became an interception disciple. He was a long-time enemy with Jiang Ziya.In the original work, Shen Gongbao has high mana and excellent eloquence, and is particularly good at persuading fellow students or Taoists to go down the mountain to help business.A sentence “Dao Friends, please stay” will send countless fellow monks to the god list.In this trailer, Shen Gongbao appeared in a black dress with a skull on it, with a demon face and a strange tone, which set a huge suspense for the development of the story.Sauna, Ye Wang Teng Chao editor Huang Jialing school against He Yan

Demand for custom furniture is delayed, Shangpin home furnishing expects net profit in the first quarter

Demand for custom furniture is delayed, Shangpin home furnishing expects net profit in the first quarter
On April 9, Shangpin Zhaipin released the first quarter of 2020 performance forecast, showing that from January 1st to March 31st, Shangpin Zhaipin is expected to complete its performance, and the net profit attributable to shareholders of listed companies may be.5.5 billion-1.600 million yuan, and the same period last year is expected to 2257.200,000 yuan.For performance reasons, Shangpin Zhaihai said that the company’s main business income is connected by the season. The first quarter belongs to the off-season of furniture sales. The operating income accounts for the proportion of revenue revenue.Waiting for a large proportion of sales expenses, the average expenditure in each quarter.At the same time, affected by the epidemic, the time for resumption of work was delayed, and users also delayed the consumer demand for customized furniture.At the same time, in order to help franchisees overcome difficulties, the company has also given franchisees and stores across the country a certain supplement, including epidemic prevention subsidies, reduction of O2O platform drainage service fees and corresponding technical support.During the epidemic situation, Shangpin Home Furnishing launched the development strategy of “new model + technology infrastructure”, innovated the “online store” business, and moved multiple transfers online.At the same time, it made an effort to broadcast live online, creating a new home network MCN agency, automatically incubating and signing up IP home masters.According to the introduction of Shangpin Home Furnishing, in March 2020, through innovative online marketing, the number of scale opportunities obtained from online was about 50% higher than the highest expectation in a single month last year.Sauna, Ye Wang Zhang Jie editor Li Yangxiao dealt with Chun Leng

Huadian International (600027) Company Depth: Coal Combustion, Double Financial Cost Reduction, Profit Improvement Forecast Gradually Returns

Huadian International (600027) Company Depth: Coal Combustion, Double Financial Cost Reduction, Profit Improvement Forecast Gradually Returns

Investment logic electricity prices rose slightly and coal prices continued to improve in the third quarter of 2019. In the third quarter of 2019, the company’s power generation was affected by factors in Shandong Province, but total power generation still increased by 2%, and settlement power prices rose by 2%.

Coal prices continued to fall, and net profit attributable to mothers was achieved in the third quarter of 201925.

1.3 billion, an increase of 60% in ten years.

Positive and negative factors, the company’s overall revenue is expected to rise steadily: Affected by trade frictions and cool summers, the growth rate of electricity consumption in 2019 has shifted, but the tertiary industry and residential electricity consumption replaced the footing, which is expected to be a low base in 2019In 2020, electricity consumption will still maintain a growth rate of about 5%.

In 2020, non-fossil energy power generation is expected to generally reduce power generation, and the nation ‘s thermal power utilization hours will increase by 66 hours.

The company is affected by the poor supply and demand scale of thermal power in Shandong Province. It is expected that the number of thermal power utilization hours in 2020 will not exceed 70 hours.

In recent years, the company’s market-based settlement electricity prices have continued to rise. According to the company’s construction in progress and commissioning plans, it is estimated that 1 million kilowatts 无锡桑拿网 of installed capacity will be put into production in 2020 and 2021. Under multiple favorable and negative factors, we expect the company’s overall operating income to be stable, medium and micro.Rise.
The loose coal supply is expected to drop by 50 yuan / ton. The Haoji Railway is put into production, and the company’s coal costs continue to fall: in the third quarter of 2019, thermal coal imports and production growth rates were 17% and 6%, respectively; completed investment in coal fixed assetsThe gradual growth rate is 26%, the price of thermal coal continues to fall, and the size of loose coal supply is determined. It is expected that coal prices will continue to decline in the medium and long term.

The Haoji Railway has been opened to traffic. Compared with the transportation route before the opening of the railway, the freight per ton of coal transported from Inner Mongolia to Hubei has been saved by more than 20 yuan.

The elasticity of the company’s coal cost to QHDQ5500 is 1.

25. It is the largest among comparable companies, and the price of replacement coal continues to decline.

Financial expenses continue to fall, cash flow is abundant, and it is estimated that the average value is expected to return at the bottom of history: the company’s construction and installation scale has gradually changed, reducing 12 million kilowatts in 2017 from 5.12 million kilowatts in 1H2019; capital expenditure in the third quarter of 2019 decreased 37% from the same period last year.%, The company’s cash flow will be more abundant in the future.

The company’s current PB estimate is only 0.

82 times, ranking third from the bottom among 14 thermal power companies.

The investment proposal estimates that the company’s revenue will be 927 in 2019-2021.

20, 953.

10, 974.

070,000 yuan, corresponding to the net profit of the mother is 35.

77, 44.

20, 55.

16 trillion, the corresponding EPS is 0.

36, 0.

45, 0.

56 yuan.

The company’s overall net profit is 0.

At 80, we give it 4 expectations.

5 yuan, equivalent to 1 PB.

Covered for the first time and given a “Buy” rating.

Risks suggest that the price of electricity fell more than expected; Shandong ‘s external electricity exceeded expectations; the provincial core power unit was put into production ahead of schedule; economic growth fell short of expectations; national installed capacity grew faster than expected; restricted shares were lifted.

Fussenmei (002818) 2018 Annual Report Comment: Performance is in line with Express Express’s self-operated store to provide stable blood-forming capabilities

Fussenmei (002818) 2018 Annual Report Comment: Performance is in line with Express Express’s self-operated store to provide stable blood-forming capabilities

In 2018, the company’s revenue increased by 12 in ten years.

97%, net profit attributable to mothers increases by 12.

89% of companies announced their 2018 annual report: operating income in 201814.

21 ppm, an increase of 12 in ten years.

97%; net profit attributable to mother 7.

35 ppm, an increase of 12 in ten years.

89%, net profit of non-attributed mothers7.

1.9 billion, an increase of 13 in ten years.


The performance is in 南京夜网论坛line with the company’s previous performance bulletin.

The company plans to distribute a cash dividend of 5 per 10 shares.

00 yuan, the capital reserve will be increased by 7 shares for every 10 shares.

In terms of single quarter breakdown, the company achieved operating income in the fourth quarter of 20183.

46 ppm, an increase of 14 in ten years.

94%; net profit attributable to mothers1.

71 ppm, an 18-year increase.


Comprehensive gross profit margin increased by 1.

14 averages, during which the expense ratio decreased by 0.

The company’s consolidated gross profit margin for the year 2001 was 70.

08%, an increase of 1 over the same period last year.

14 units.

Company expenses in 20183.

53%, a decrease of 0 from the same period last year.

01 single, of which sales / management / financial expense ratios are 0.

13% / 3.

79% /-0.

38%, a change of -0 over the same period last year.


34 / -0.

32 units.

The self-operated stores provide stable hematopoietic capabilities, and the regional competitive advantage is relatively strong. The company has deeply cultivated the Chengdu area. The existing self-operated stores have a better reputation in the regional market, providing stable blood-making capabilities for the company’s subsequent operations.

In the reporting year, the company’s Xindu Phase II store officially opened in March 18, and the company’s “Fusenmeijia Paradise” complex project is under construction, with progress completed by the end of the reporting period35.

87%, the company estimates that the project investment scale in 19 years will not exceed 300 million yuan.

It is expected that the completion of the project will further consolidate the company’s competitive advantage in the regional market.

In addition, the company’s real estate sales business recognized part of its revenue for 18 years, which increased its performance for the year.

We have raised our profit forecast, and we have certain guarantees to maintain the “overweight” rating company’s ability to control expenses, and there is a tendency to improve operating efficiency in order to increase the latest share capital after the increase4.
With 4.5 billion shares as the benchmark, we raised our forecast for the company’s fully diluted EPS for 19-20 to 1.

20 yuan (previously was 1.)


19 yuan), add 21-year forecast1.北京夜网

24 yuan, the company’s regional competitive advantage is maximized and stable, maintaining the “overweight” level.

Risk reminder: The business area is widely concentrated, and preferential policies can be changed.

Haixing Power (603556): Grid investment accelerated performance rebounded

Haixing Power (603556): Grid investment accelerated performance rebounded

Event: Haixing Power released the 2018 annual report, reporting that the combined company achieved operating income of 25.

5.3 billion, a decrease of 15 per year.

62%; net profit attributable to mothers3.

30 ppm, a decrease of 41 per year.


The company’s comprehensive gross profit margin is 41.

21%, a decline of 6 per year.


The performance was mainly affected by changes in exchange rates in overseas markets, rising raw material prices, falling bids from the State Grid, and relocation of company plants.

Periodic rotation of smart meters, the development of the “three types and two networks” of the national power grid: power equipment and new energy industries, has good development prospects and broad market space.

The world’s first generation of smart meters is nearing its end, and the newly installed second-generation advanced metering infrastructure (AMI smart meters) is being widely promoted and used worldwide, known as the service cycle rotation of smart meters.

Starting from 2017, grid investment in developing countries has gradually shifted to the field of power distribution, and the development of power grids has gradually changed from high-speed growth to gradual development. The “three types, two networks, and world-class” strategy has become the latest development direction of the national power grid.

The scale of domestic smart grid construction has been rolled out for 8-10 years, and the second batch of smart meter rotation is about to begin. It is expected that in the next few years, the demand for smart meters based on the flood of power IoT technologies will increase year by year.

A + B sales contributed to intelligent power distribution, and the development of expansion achievement system products: reports that the company’s intelligent power distribution products achieved 0 operating income.

90,000 yuan, an increase of 57 in ten years.

45%; the first is that the company’s main distribution network products have successively passed the inspection of the State Grid, including the winning bids in the provincial network tenders, and the A + B sales model has begun to show results.

System products achieve operating income3.

93 ppm, an increase of 15 in ten years.

76%, first of all, the company continued to maintain R & D and promotion in the field of smart power distribution solutions, and its product competitiveness has significantly improved.

The company continues to expand research and development efforts in the field of intelligent power distribution overall solutions and intelligent microgrids based on the Internet of Things architecture, and will launch corresponding products in 2019.

In addition, the company’s operation 苏州夜网论坛 and maintenance and service business realized operating income1.

26 ppm, an increase of 277 in ten years.

00%, the first is that the company continues to improve the operation and maintenance capabilities of the Brazilian EPCE company, and the order acquisition has steadily increased.

Smart power consumption is affected by the rotation cycle, and demand can pick up: The report is connected in series, and the company’s smart power products achieve operating income.

02 billion, down 26 every year.

04%, initially due to the report that state-owned State Grid tenders declined, some overseas countries declined tenders, and the company’s production plant relocation.

As of the end of the reporting period, the company’s production plant has been relocated, and its production capacity has returned to normal levels. At the same time, the company has continuously strengthened its intelligent manufacturing capabilities, continuously improved production efficiency, and reduced production costs.

In essence, smart meters are in the rotation cycle integration. After the promotion and use of the second batch of smart meters, it is expected that demand will pick up in the future.

Investment suggestion: We expect the company’s net profit for 2019-2021 to be 4 respectively.

3 billion, 5.

3 billion, 6.

700 million, net profit growth rate was 30.

0%, 24.

6%, 25.

5%; Maintain Buy-A investment rating with a target price of 20.

00 yuan.

Risk warning: exchange rate fluctuation risks, overseas subsidiary management risks, new technology development risks, etc.

Continuous Buying Controversy: Relatively Considered Options in General

“Continuous Buying” Controversy: Relatively Considered Options in General

A few days ago, an analyst issued a document saying that the transition to holding domestic stock assets 北京夜网 has great potential and quickly attracted market attention.

  Therefore, 21st Century Business Herald interviewed Lian Ping, chief economist of the Bank of Communications.

He believes that “acquisition and purchase of stock assets” should not be considered at present and for a long time to come.

  First, from the perspective of policy tone, this has nothing to do with the current policy orientation.

The central economic work conference’s tone of monetary policy is stable and tight, so even stable growth is one of the main tasks, but it must be carefully considered and balanced in many aspects, especially in China’s high debt ratio and leverage ratio.Under high conditions, flood flooding is obviously not desirable.

  The initial revival space provided by people entering the market to buy stocks is very large. The breakthrough is the variable of printing money. In theory, liquidity can be traded to the market without restraint. Of course, some people will say that the amount can be controlled. But at a certain stage, the marketThere may be calls for more stocks. This pressure is certainly not good for overlap; it is also not a healthy market fluctuation for monetary policy.

Therefore, the long-term purchase of stock assets does not match the tone of the monetary policy, and the opposite is true.

  Fundamentally, from the perspective of supporting the development of the industry, one of the reasons for proposing “gradual purchase of stocks” is that the transformation can purchase the stocks of industry companies that need support.

Lian Ping believes that the state’s responsibility for supporting the development of an industry should not be assumed in the long term, but should be assumed by policies such as finance, credit policies, and related industrial planning.

In fact, there are many policy tools available to the country.

It is serious to have the entire body assume this responsibility by buying stocks.

  From a risk perspective, the “People’s Bank of China Law” requires that government bonds, other government bonds, financial bonds, and foreign exchange can be purchased gradually, without mentioning stocks.

Globally, most countries haven’t bought stocks off the coast.

This also implies a concept that government bonds and financial institution bond products belong to the highest level, and the risk level is wrong.

If you buy a considerable amount of risk-resistant assets, you will have a kind of association, that is, the central bank will also produce bad.

As a bank’s bank, this risk should not be embraced for a long time.

  Some people may say that they have bought stocks beyond foreign exchange.

First of all, from the perspective of controlling risks, the proportion of stocks in foreign exchange investment should not be very high. The main investment should be government bonds and financial institution bonds. This can be ground from the external reserve yield.

In fact, investing in these stocks may not be directly directly operated, but may be entrusted to international institutions for operation, which is relatively scattered.

Furthermore, foreign exchange investment is different from “buying stocks in advance”.

Buying stocks with RMB has the function of issuing base currency and creating money; but buying stocks with foreign exchange in the international market is actually an asset allocation, obviously two different things.

  In general, current juniors should not buy stocks in the market.

Of course, this is not to say that this event will never happen in the future. Japan just bought it already, but it is often used when the market has potential risks and many available tools fail.

Therefore, this means should not be used unless absolutely necessary.

Lian Ping believes that this situation is far from the current situation. The more important problems of China’s stock market are the system and structure. These problems cannot be solved by purchasing stocks.

  (Edit: Ma Chunyuan)

China Chemical (601117): Stable and rising gross profit margin led to better-than-expected results in the first half

China Chemical (601117): Stable and rising gross profit margin led to better-than-expected results in the first half

China Chemical’s first-half results exceeded our expectations and announced 1H19 results: revenue of 385.

200 million, an increase of 13 in ten years.

3%, net profit attributable to mother 16.

0 million yuan, an increase of 47 in ten years.

8%; of which in the second quarter realized revenue of 208.

0 ppm, an increase of 8 per year.

9%, net profit attributable to mother 9.

80,000 yuan, an increase of 43 in ten years.


Due to the increase in gross profit margin and taxes and surcharges, the effective tax rate decreased, and the performance exceeded our expectations.

In the first half of the year, the company’s gross profit margin increased by a maximum of 0.

4ppt to 12.

3%, of which the gross profit margin of engineering contracting business exceeded +1.

3ppt, while industrial and other business gross margins have improved (-5.

8ppt); taxes and surcharges are reduced by 0 each year.

4ppt, mainly due to the high base in the same period of the previous year;

2ppt, in which the sales / administrative expense ratio is reduced by 0.

1ppt / 0.

3ppt; effective tax rate reduced by 7.

3ppt to 17.

5%; the company achieved a net interest rate of 4 in the first half of the year.

2%, an increase of 1 per year.


1H19 company operating net cash replacement 15.

5 ppm (net inflow for the same period last year was 33.

0 million), mainly due to changes in working capital.

Development Trends The single intensity of chemical and infrastructure construction in the new decade.

In 1H19, the company has 893 trillion in the new millennium,杭州夜网 with an annual increase of 11.

6%, including 6.11 million yuan in chemical engineering in the new decade, an increase of 44 per year.

4% (Petrochemical / Coal Chemical / Chemical industry will increase by 99% each in the new years).

5% / 74.

3% / 0.

1%), continued to be strong; infrastructure in the new decade alone was $ 24.1 billion, with an annual increase of 334.

4%, significantly accelerated.

1H19 project contracting business revenue maintained rapid growth (ten years +13.

5%), reflected in the smooth progress of the project.

We expect this trend to continue in the second half of the year.

The gross profit margin has stabilized and rebounded and is expected to remain stable in the future.The gross profit margin of the company’s engineering contracting business increased significantly in 2018, mainly 苏州夜网论坛 due to the company’s recognition of revenue from low gross profit projects undertaken by the company during the past downturn in the industry; the conversion of this part of the project was gradually confirmed and the company continued to strengthen its refined management.Contracted gross profit margin stabilized and rebounded.

We believe that the company’s engineering business gross margin is expected to remain stable in the future.

Earnings forecasts and estimates We maintain our 2019/2020 net profit forecast23.


3 trillion is unchanged.

The current priority corresponds to 11.

7x / 9.

6x 2019 / 2020eP / E.

We maintain our Outperform rating, but lower the target price by 12% to 7 due to the downward shift of the industry’s estimated hub.

1 yuan, corresponding to 15 times the 2019 price-earnings ratio, 29% upside.

Risk oil prices fell sharply.

Long walking movement, careful preparation

Long walking movement, careful preparation

Although long walking is a very safe exercise and fitness program, if you can’t grasp the exercise methods and essentials well, you can’t achieve the proper fitness effect, and may even produce a certain substitution.

Therefore, if you choose to walk for a long time, the method must be correct.

  Before going for a long walk, you need to be careful. Choose a pair of soft-soled sneakers.

Special running shoes are better, which can cushion the pressure on the soles of the feet to prevent injuries to the joints that are not moving.

  Second, wear a comfortable sportswear.

In this way, you can relax your mood and body and get out of your working life.

  Third, prepare a pot of tea.

You can add some sugar and salt properly, because tea can quench the thirst, sugar and salt can prevent excessive sweating and cause electrolyte imbalance in the body.

  Fourth, choose a suitable exercise route.

It can be park trails, school guidance, near your residence, or even commuting paths.

During exercise, the body’s oxygen consumption will increase, such as poor air, and even impurities such as exhaust gas, which will cause the exercise effect to be counterproductive.

Therefore, the long walking route should be less traffic, ventilation, and good air. The farther away from the car, the better.

  Fifth, long walking time should be appropriate.

Long walking exercise is best to choose after the sun rises every day, and 3 pm is also the best exercise time.

Long-distance walking is not the same as walking, walking or shopping, exercising at least 3 times a week, and not staying for 30 minutes at a time.

  If you walk too randomly and you can’t reach the purpose of fitness, you must do some preparatory activities before long walks, such as gently pressing muscles and ligaments, doing some squat exercises, etc., so that your heart and muscles can enter the state of exercise.

When walking, the stride should be slightly larger, with a chest, abdomen, eyes forward, and the upper body leaning forward slightly. Some of them naturally shake on both sides of the body, causing concentration, and breathing is naturally uniform.

After the long walk begins, do not stop at will until the end of the exercise.

Long walking fitness exercise should be carried out step by step, exercise intensity should be from small to large, exercise time from short to long.

Don’t forget to do some relaxing exercises after exercise.

  It is also walking. If you want to “walk out” of health, you must ensure a certain frequency, intensity and duration when exercising.

If you don’t know your athletic ability, you should choose the appropriate intensity at the beginning. If you do not feel relief from panic, palpitations, headaches, weakness, and accelerated heart rate the next day after training, you can gradually increase the intensity, otherwise, reduce the intensity.

Premenstrual medicated menu

Premenstrual medicated menu

The so-called menstruation refers to the automatic thickening of the endometrium, the proliferation of blood vessels, the growth and secretion of glands and the collapse of the endometrium with the occurrence of bleeding every other month.

Female friends should know how to regulate their bodies during menstruation. If they are not well-regulated, menstrual disorders may occur, such as dysmenorrhea, amenorrhea, etc. In severe cases, they may even cause various diseases.

  So how do you adjust it?

As long as you understand the changes in your body every month, and follow the changes to do a good diet, you can avoid symptoms such as menstrual disturbances.

  Menstruation is generally divided into four stages, namely menstrual period, late menstrual period, intermenstrual period and premenstrual period, among which the premenstrual period (equivalent to the luteal phase of western medicine, the 16th period of menstruation?
(28 days) is a period of yang in the kidneys. The main task of this period is to greet pregnancy or prepare for menstruation.

At this time, a large number of women have depression, anxiety, breast tenderness and other discomforts.

In view of this situation, female friends should take some medicated meals for warming the kidney and yang, relieving the liver and qi, and the specific menu is as follows: ◎ 5 sparrows, sparrows and 30?
45 grams, raspberry 10?
15 grams, medlar 20?
30 grams, previously 100 grams of rice, fine salt content, light green two stems, 3 slices of ginger.

After the shreds, raspberries, and medlars are washed, add them to the casserole, fry the juice, and remove the residue.

After the sparrows are cleaned, they are fried with wine, and they are mixed with the previous rice into the medicinal sauce.

When you’re ready, add salt, scallion, and ginger.

  Commentary: This diet is tonifying the kidney yang, and those who have no symptoms of fire can take it.

  ◎ Eucommia ulmoides Eucommia ulmoides 12 grams, pork kidney 250 grams, onion 50 grams, Shao wine 25 grams, MSG, soy sauce, vinegar, starch, garlic, ginger, salt, sugar, pepper, each amount, 100 grams oil

Eucommia ulmoides simmers into 50 ml of thick juice, adds starch, wine, monosodium glutamate, soy sauce, salt, and white sugar into mash. It is divided into two servings.

The pork loin is cleaned, cut into cashews, and drizzled with coriander juice.

Ginger and spring onions are cut into slices and segments.

Heat the oil, add peppercorns, cashews, shallots, ginger, garlic, stir fry quickly, drizzle another portion of tartar sauce and vinegar and stir well.

  Commentary: This diet is warm to the yang, peaceful people, yang deficiency and cold chill; yin deficiency should be taken with caution.

  As long as you understand the secrets of diet, menstruation will no longer be a nightmare, and this is the best way to love yourself.

Jackie Chan teaches you to lift power

Jackie Chan teaches you to lift power


What’s the difference between powerlifting squats, bench presses and deadlifts from normal squats, bench presses and deadlifts?

  The core idea of modern powerlifting is to try to increase the weight of the lift without greatly increasing the core power, so it is different from the traditional way in movement.

  Powerlifting squats do not require squatting to the end, only the thighs are below the horizontal.

Generally, a wide station distance is used to minimize the work distance and is conducive to the thigh and buttocks.

Squat vests are usually allowed to secure the upper body and waist.

These are permanent in classical powerlifting, so the squat fatality of modern powerlifting is greatly reduced.

  There is no bench press in classical powerlifting, but there is a difference between modern powerlifting and bodybuilding.

The bench press for bodybuilding generally lowers the barbell to the upper chest, while the bench press for power lifting lowers the barbell to the thickest part of the lower chest, and at the same time prevents the arch from tilting, for the same reason as the squat.

In addition, the bench press rules of different major organizations are different, and the rules of other organizations are quite loose, such as allowing the barbell to be pushed down when the elbow joint is at a right angle, allowing the assistant to provide supportive assistance at this point, and not to perform drug tests.

Organizations are allowed to use bench press vests.

  There is also a difference between modern powerlifting deadlifts and classical powerlifting. It allows the use of wide standing distances and deadlift vests.

Many organizations allow the use of a booster band, and some organizations allow the barbell to be pulled from a table of a certain height.


Do I need to gain a lot of weight and muscle in order to gain strength?

I have now reached 300 pounds. Will strength training prevent me from losing weight and make me over 400 pounds like many bench press masters?

  Weight and muscle volume are not the key factors for strength, but muscle mass and muscle neuromodulation are the keys.

You don’t have to gain weight and muscles deliberately, as long as you let them train naturally and naturally.

The goal of strength lifting training should be to try to use heavy weight with as little weight and muscle lift as possible.

  Strength training will not allow you to gain much weight.

Many bench presses are not the result or even the cause of strength training.

Because the potential for bench press performance is relatively limited, weight gain has become an important means.

  Of course, strength training will not consume your aunt.

If you want to lose weight, you need to do a lot of aerobic training.

Too much misfortune is not good for strength lifting, but too little misfortune is not bad, and it can easily cause muscle tears.