“Guangping King” Ren Jialun was once a table tennis player and Zhang Jike or a brother
Because of playing the role of the king of Guangping in the costume drama “Glory of the Tang Dynasty”, the unknown actor Ren Jialun suddenly became popular, and Zhang Binbin, Chen Xiao and Zhang Ruoyun were called the new generation of four young costumes. As everyone knows, the Datang Vinegar King used to be a table tennis player, and he also went out with Zhou Yu and Zhang Jike and other national players. Zhou Yu and I should be considered the best. We trained with Chen Meng since we were young. We are one year away from Ji Ke. The intersection is not so much. We will encounter it during training. In “Grand Tang Glory”, Ren Jialun’s Guangping Wang was loved by fans because he was overbearing and dedicated. His followers on Weibo had soared to more than 1 million. When playing against Jing Tian and many old dramas, Ren Jialun not only did not have stage fright, but also was widely praised for his superb acting skills, especially the countless fans’ eye-catching killing. Regarding his performance, 28-year-old Ren Jialun said that this is due to his previous experience, and there are many twists and turns in life, so sometimes the performance incorporates many of the previous states into the role. Ren Jialun played table tennis. In an interview with the “Legal Evening News”, he found that he was a table tennis player and also trained with national players like Zhou Yu and Zhang Jike. Zhou Yu and I should be considered the best. We trained with Chen Meng since we were young. We are one year away from Ji Ke. The intersection is not so much. We will encounter it during training.The relationship between the two is indeed good, and Zhou Yu often took photos with him on Weibo. Previous page12Next page
“Guangping King” Ren Jialun was once a table tennis player and Zhang Jike or a brother
Israel’s hot drama “Queens” will be filmed in the United States, with Gal Gadot participating in the creation
Sauna Night News December 4, according to foreign media reports, Gal Gadot will participate in the creation of the American version of the Israeli drama “Queens”, which is produced by her and Jaron Varsano’s Pilot Wave company and Endemol Shine company.Gal Gadot.The original episode from the network is the Israeli HOT TV network’s most watched episode in 2018. It is found that the women of the Malka family took over the family business after their men were killed by the hostile criminal group.The show has been renewed for the second season and will be broadcast in 2020.Gal Gadot is currently participating in the US version of “Queens” as an executive producer, not sure if he will participate in the show.At present, Gal Gadot is sure to star in the new film also focusing on legendary stories, “Mother of wifi” Heidi Rama’s limited episode “Heidi Rama”, and a film focusing on the Polish underground leaders during World War II”Elena Sendler”.Sauna Night Editor Xu Meilin proofreading Liu Baoqing
Taihua New Material (603055) Quarterly Review: Downstream Brand Customers Stable Orders Billet Business Growth Affected by Industry Boom
The profitability of 19Q1 gradually recovered, and it is expected to maintain stable growth in the long run.
The company’s revenue in 2018, 18Q4 and 19Q1 were 29 respectively.
500 million, a year-on-year increase of 9%, 0.
4%, net profit attributable to mothers is 3 respectively.
4 ‰, 5.8 million yuan, 54.41 million yuan.
Gross profit margins for 2018, 18Q4, and 19Q1 were 25.
4%, change -2 each year.
Net profit margins for 2018, 18Q4, and 19Q1 were 12, respectively.
9%, change -1 each year.
The downturn in grey cloth and polyester business led to a decline in profitability.
In 4Q18, the company’s gross profit margin and net profit margin dropped by 7.
5pct, the profitability was severely damaged, and we judged that it was caused by the sluggishness of the grey fabric and polyester business.
The company’s grey cloth and polyester business does not have large-scale cooperative brand customers. We judge that most of the trade is with the traders.
In the case of lower raw material prices in 18Q4 and the industry’s poor economy, the volume and price will decrease at the same time. In 2018, the revenue of nylon grey fabrics decreased by 10.
In terms of price, the gross margins of nylon and polyester grey fabrics were downgraded.
2pct; The gross profit margin of polyester finished fabrics is reduced and downgraded.
At 6 points, the gross profit margin dropped significantly affecting the overall profitability.
The price of raw materials was stable in 1Q1, and the company’s overall gross profit 北京夜网 margin returned to normal levels27.
4%, we believe that the fluctuation of the company’s gross profit margin is caused by excessive fluctuations in the price of upstream chemicals in the short term. The company still has the ability to control alternative prices for brand customers. If the price of raw materials does not appear extreme, the company will help maintain stabilityGross profit margin.
Revenue from nylon filament and finished fabrics maintained high growth.
In 2018, the revenue of nylon filament increased by 20% each year, and the revenue of finished fabrics increased by 16% each year.
Beyond the above-mentioned business, maintaining rapid growth, we believe that it is inseparable from the company’s deep binding of brand customers.The average price of nylon filament and finished fabric business binds well-known sports brand customers: Nylon filament mainly cooperates with super profit, high-end brands such as Velcro, and finished fabrics with Decathlon, Anta and other popular leisure sports brands.
At the same time, the company continues to develop new customers. In 2018, the number of potential customers for nylon filament increased by more than 100, and the number of finished fabric customers increased by more than 10 brands. The company’s product awareness and recognition continued to increase.
We estimate that the main products of the 19Q1 scale have maintained a good cooperative relationship with brand companies.
The core products of nylon achieved a price increase of 15-18%, showing cooperation and competition with big brands.
In 18 years, the average length of the company ‘s nylon filament and nylon finished fabrics were extended by 15% and 18% respectively. We believe that the weak retail environment reflects the added value of its products based on continuous innovation and stable cooperation with high-quality brand customers.Maintain sufficient bargaining space for products.
All industries in the upper, middle and lower reaches are in the period of capacity expansion.
The company has a rare domestic industry chain business layout, and its core products are nylon filaments, finished fabrics and deeper cooperation with downstream brands.
At present, the upstream nylon filament, midstream grey fabrics and downstream finished fabrics are all in the capacity expansion period. Among them, nylon filament announced in February 2019 an additional 12 tons of production capacity, which is expected to be put into production in 2021.
Hundreds of billions of billions of convertible bonds are used to replenish the production capacity of 76 million meters of grey fabrics, and it is expected to be put into production in 19H2; IPO investment projects1.
100 million meters of finished fabrics supplemented production capacity (completion: 85% or more).
Profit forecast and estimation.
We expect the company to achieve net profit in 2019 and 20203.
67 ppm, giving it 15-17 times the estimated PE range for 2019, corresponding to a reasonable value range of 10.
24 yuan, maintain the “preliminary market” rating.
Crude oil prices fluctuated, production capacity expanded less than expected, and downstream customer demand was weak.
Yutong Bus (600066) Third Quarterly Report Review: Third Quarterly Report Exceeds Expected Results Continues to Maintain Double-digit Growth
Event: The company announced the third quarter report of 2019, and the company’s operating income for the first three quarters was 208.
62 ppm, a ten-year increase of 7.
68%; net profit attributable to mother 13.
25 ppm, an increase of 10 in ten years.
Q3 performance exceeded expectations.
The company’s Q3 single-quarter revenue was 83.
600 million, an annual increase of 14%, an increase of 9% sequentially; net profit attributable to mothers 6.
40,000 yuan, an increase of 10% in ten years, an increase of 72%.
As the subsidy continued to decline in the official period and the expected growth in performance, the profit growth rate in the three quarterly reports again achieved two-digit growth, which continued to exceed market expectations.
The gross profit margin of Q3 increased month-on-month, and the expense ratio decreased significantly during the period.
Q3 single quarter gross margin was 24.
1%, an increase of 2pct from the previous month; the expense ratio during the period is 14%, and it will decrease by 2 in the future.
4pct, down 2 from the previous month.
4pct, the management expense ratio, the financial expense ratio decreased significantly compared with the previous month, and the sales expense ratio decreased significantly compared with the previous quarter, reflecting the company’s excellent cost management ability; affected by this, Q3 single quarter net profit margin.
8%, a significant increase of 2 from the previous month.
9pct, which is the same as the higher net margin of the same period last year.
The balance sheet has ushered in a repair inflection point, and cash flow has continued to improve.
The company benefited from the continuous recovery of Guobu, and the accounts receivable continued.
According to the latest 2017 supplementary liquidation results released by the Ministry of Industry and Information Technology, the company should receive supplements45.
900 million, the company’s balance sheet ushered in a repair inflection point.
In the third quarter, it reported a net operating cash flow of 16 million.
Due to the separate administration of the bus this year and its subsequent extension, from May 8 to August 7, the transition period last year was from February 12 to June 11.
Therefore, from January to September this year, the company achieved 42,140 passenger car sales, an increase of 6 per year.
6% of which sold new energy buses1.
50,000 vehicles, a substantial short-term 杭州桑拿网 increase of 22.
At the same time, the company is better able to cope with the impact of supplementary declines. Through comprehensive cost reduction and model upgrades, profitability has increased steadily. It is expected that the gross profit margin of Q4 will continue to improve.
We estimate the company’s net profit attributable to its parent in 2019-2021: 26/28/32 million, corresponding PE is 12/11 / 10X.
Continue to recommend.
Risk warning: New energy bus sales are lower than expected, and the bus industry sales are lower than expected.
Jerry shares (002353): the boom in the oil service industry continues to maintain high growth
Event: The company released the report for the third quarter of 2019, and the company achieved operating income in the third quarter16.
62 ppm, an increase of 41 in ten years.
18%; net profit attributable to mothers4.
50,000 yuan, an increase of 129 in ten years.
29%; operating income 42 in the first three quarters.
410,000 yuan, an increase of 45 years.
88%; net profit attributable to mothers9.
50,000 yuan, an increase of 149 in ten years.
The oil service industry is still booming, and the company’s revenue and profit in the first three quarters continued to grow rapidly.
The company’s first three quarters of revenue and net profit attributable to mothers were 42.
4.1 billion and 9.
500,000 yuan, an increase of 45 years.
88% and 149.
46%, achieving high growth in revenue and profits.
The company achieved high growth in the first three quarters of performance, first of all in the context of reasonable high international oil prices and the advancement of domestic energy security strategies, the expansion of oil company capital and the prosperity of the oil service industry; the continued advancement of shale oil and gas production, and fracturing equipmentSuch as oil service equipment sales continued to increase, gross profit margin and net profit margin increased.
Profitability continued to increase, the expense ratio rose slightly during the period, and gross profit margin continued to improve.
Expenses during the single quarter of the third quarter of 201911.
59%, an increase of 1 each year.
For each of the six shares, the management expense ratio and sales expense ratio decreased by 0.
69 digits and 1.
One single, the slight increase in the expense ratio during the period is primarily the increase in the R & D expense ratio, and the R & D expense in the third quarter4.
35%, an increase of 2 every year.
A total of 62, the increase in research and development costs effectively protect the company’s oil service equipment market competitiveness.
Single-quarter gross margin for the third quarter of 2019 was 38.
89%, an increase of 9 per year.
05 digits, an increase of 2 from the previous quarter.
With 51 averages, the gross profit margin in the third quarter continued to improve.
Profit forecast and investment grade: We maintain our judgment that the oil service industry is still booming in the next 3 淡水桑拿网 years.
Demand for oil service equipment remains high, demand for oil service services continues to increase, and opportunities exist for equipment companies and service companies to continue their deployment.
Under the background of national energy strategic security, the trend of expansion of domestic capital expenditures remains unchanged. The three-year oil barrel seven-year action plan guarantees high future capital expenditures in the field of energy. As a leading company in the field of oil service equipment, Jereh shares, we expect the company to be in 2019-2021.Net profit to mother is 13.
800,000 yuan, given a “buy” rating.
Risk warning: Crude oil prices rise sharply; oil companies’ capital expansion shrinks; industry competition intensifies.
Hengrun (603985): rapid revenue growth underestimates high-quality targets
Investment Highlights The company’s revenue continues to grow rapidly.
The company achieved operating income in 201811.
85 ppm, an increase of 60 in ten years.
03%; net profit attributable to mother 1.
25 ppm, an increase of 37 in ten years.
62%; The company achieved revenue in the first quarter of 20192.
64 ppm, an increase of 21 in ten years.
The annual income of wind power tower flanges has greatly increased, and the gross profit margin has increased.
In 2018, the company’s wind power tower revenue reached 5.
900,000 yuan, an increase of 50 years ago.
37%; gross margin is 23.
31%, a decrease of 10 per year.
As a leader in offshore wind power flanges, the company has significantly benefited from the rapid growth of global offshore wind power installations.
However, the price of raw materials is still at a high level, the overall price of fans has fallen, and the increase in employee compensation has caused a significant decline in gross profit margin.
The petrochemical pipeline industry leads the rapid growth of forged flanges.
The company’s forged flanges and other free forgings have revenue of 3.
10,000 yuan, an increase of 67 in ten years.
Among them, the revenue of forged flanges 杭州桑拿 reached 2.
6.8 billion, a previous growth rate of 70.
45%, and gross margin increased by 6.
96 cases reached 26.
From the perspective of industrial applications, the petrochemical pipeline industry has the fastest growth, with revenue of 7206.
530,000 yuan, a surge of 487 in ten years.
Metal pressure vessels and trading companies also have 38.
96% and 22.
92% revenue growth.
The rise of the refining and chemical industry and the supply-side reforms have significantly driven the company’s business.
The ratio of three expenses increased significantly, and the R & D expense ratio increased.
Company selling expenses 5.
19%, exceeding the expected target 3.
91 points; administrative expenses 2.
86%, a reduction of 0 per year.
76 points.Finance costs are -0.
30%, a decrease of 1 per year.
Together, the three expense ratios are significantly reduced by 5.
90pct, which to some extent reduces the impact of rising gross margins.
R & D expenses 3.
93%, increasing by 0 every year.
Acquired 51% equity of Guangke Optoelectronics and cut into the photovoltaic and pan-semiconductor components industry.
The company’s board of directors agreed in September 2018 to 1.
8 billion acquisition of 51% stake in Guangke Optoelectronics.
Guangke Optoelectronics promises that the net profit attributable to mothers and the net profit attributable to non-mothers from 2018 to 2020 shall not be less than 30 million yuan, 35 million yuan and 40 million yuan respectively.
Guangke Optoelectronics’ main technology is machining, which can form a good synergy with the company.
Through the acquisition of Guangke Optoelectronics, the company cut into the field of photovoltaics and pan-semiconductor equipment, opening a huge space for the company’s future development.
Earnings forecast and rating: The company’s offshore wind power flanges have grown rapidly, and the acquisition of Guangke Optoelectronics has opened up new space.
We have adjusted our profit forecast and expect the company’s EPS for 19-21 to be 1.
08 yuan, corresponding to the closing price of PE on June 6 is 11.
5x / 9.
0x / 7.
4x, maintaining the level of “prudent overweight”.
Risk warning: further increase in raw material prices, risks of overseas trade, and risk of goodwill impairment.
Hengyi Petrochemical (000703): The performance is slightly less than expected, optimistic about the company’s long-term development
Event: On April 18, 2019, the company released its 2018 annual report,深圳桑拿网 which was terminated until the end of 2018, and Hengyi Petrochemical realized operating income of 849.
48ppm, an annual increase of 28.
79%; realized net profit attributable to mother 19.
6.2 billion, an annual increase of 16.
47%; of which, in Q4 2018, net profit attributable to mothers was -2.
43 billion, a year-on-year decrease of 189.
67%; operating income was 241.
1.8 billion, an increase of 40 over the same period last year.
Key points of investment: PTA prices increased significantly in the fourth quarter of 2018, dragging down the company’s Q4 performance: The overall increase in the company’s operating income in 2018 was mainly due to the rise in sales prices of PTA, polyester and other products.The ton rose to 6,446.
97 yuan / ton, an increase of 23 in ten years.
43% of polyester average price from last year 6595.
60 yuan / ton rose to 7676.
14 yuan / ton, an increase of 16 in ten years.
The PTA-PX spread has widened, with a maximum average price spread of 915.
42 yuan / ton, which increased by 59 each year.
However, since 2018Q4, the company’s performance has increased significantly, and the net profit attributable to the mother in 2018Q4 was -2.
4.3 billion, an annual decrease of 189.
This was mainly due to the sharp drop in crude oil prices (the maximum spread reached 30 US dollars / barrel). The price of PTA dropped from 9,300 yuan / ton in the third quarter of 2018 to 6,120 yuan / ton in the fourth quarter of 2018, a decrease of 34.
19%, dragging down the company’s Q4 performance.
The PTA industry chain maintains its prosperity, and the company’s first quarter performance is expected: At present, the polyester utilization rate remains at a high level of 85-90%, and the existing inventory days remain low, approximately 2.
In 5 days, downstream polyester demand continues to be strong. We expect downstream polyester filament production capacity to increase at a rate of 7-8%, while demand growth is expected to be 8-9%, and the supply and demand layout is improving.
In 2019, the new PTA production capacity is limited, the overcapacity phenomenon has changed, supply and demand have tightened, and the company’s PTA equity capacity has reached 1,350 tons. The company’s PTA capacity accounts for nearly 40% of the country’s effective capacity, which has a greater capacity scale advantage and bargaining power.Has been improved.
In addition, in the first quarter, the mainstream price of PTA in East China rose steadily, ranging from 6334-6562 yuan / ton.
It is expected that the prosperity of the PTA industry chain is expected to continue, and the company’s first quarter performance is expected.
In the 1980s, the first phase of the Brunei Refining and Chemical Project was about to be put into production, and the industrial chain was integrated and upgraded: The Brunei project was being constructed and installed as planned, and the project had gradually incurred investment during the construction period.
USD 1 billion, and the overall construction progress of the project has been gradually completed.
78% entered commercial operations in the third quarter.
With the commissioning of the Brunei Refining and Chemical Project, the company will open up the upstream and upstream raw materials and realize the entire industrial chain 杭州桑拿layout.
The integration of the industrial chain can reduce the company’s future production costs, improve its ability to resist risks, and increase its profitability.
Profit forecast and investment recommendations: Considering that the performance in the fourth quarter of 2018 did not meet expectations, the company’s profit forecast was lowered, and the company’s net profit for 19-20 is expected to be 41.
2.9 billion, corresponding to PE of 8.
02, 6.46. Maintain the “overweight” rating.
Risk factors: The price of PTA has fallen sharply, the price of polyester has fallen sharply, and the implementation of the Brunei project has not met expectations.
Why is it too addictive to eat chocolate?
Chocolate contains theobromine, ethanolamine, phenethylamine, and other substances, which may be related to the hobby of some people.
In addition, the sugar and tryptophan contained in chocolate may be addictive to some women.
When people suffer from physical stress, the concentration of a neurotransmitter called “serotonin” in the body often drops.
Serotonin can affect people’s emotions, make people worry or depressed, and eating chocolate can help restore serotonin levels in the body and calm people’s irritability.
The pre-menstrual period is the “landmine period” of unwanted women. At this time, if you pay little attention, you may cause an emotional outbreak.
Some people find that if women eat some chocolate during this period, they can significantly improve their mood.
This “spiritual” approach has made too many women “addicted” to chocolate without even knowing it.
However, eating more chocolate will help people gain weight. Therefore, women can eat apples, pears, peaches, strawberries and other fruits and add a cup of low-fat milk (or low-fat yogurt) when the mood is low. This can increase carbohydrates.The ingestion of compounds can also increase the substitution of tryptophan, which is more conducive to the recovery of serotonin, which not only stabilizes the mood but also prevents weight gain.
Teething Baby’s Special “Grinder”
Sooner or later, the baby will always have teeth. Babies with teeth can not be underestimated. The teeth that are ready to make their roots itch and swell, so you must find something to vent the discomfort in the mouth.
Of course, the best way is to eat anything that can be stuffed into your mouth with your underdeveloped little teeth.
Moms and dads who have experienced this must feel deeply about it. At that time, if there was any bite around the baby, anything could become the baby’s secret weapon!
Haha, take a look at the group photo below, what are the special weapons of these cute babies when they are teething . 7Here are 7 tips, I hope it will be helpful to parents who are preparing or preparing teeth： 1. Teething is generally not painful, but some babies may feel uncomfortable and irritable.
You can use clean fingers or moist gauze to rub the gums into your child’s mouth, which will help him; the cool teething ring can also be used to ease the gum discomfort during teething.
Be careful with your gums, as using too much gum is not good for your child.
Teething does not cause a fever.
If the child has a fever, he should be taken to the doctor for another reason.
Breastfeeding is good for your baby’s tooth development.
A baby can use a water glass when he is 6 months old, and do n’t give him a bottle when he is 1 year old.
These are good for his tooth development.
Just add some water or plain pure milk between meals. Don’t let children drink fruit juice or other drinks because there is a lot of sugar in them.
If you want to give your baby some fruit juice or sweetened milk, you can let your child drink it directly at meals.
When your baby has his first tooth, he should brush his teeth twice a day.
The most important time is before going to bed at night.
Use a gentle baby toothbrush, squeeze a small amount of toothpaste, and gently brush his teeth.
Be careful not to let your child swallow toothpaste.
Sleeping in socks in air-conditioned rooms helps to fall asleep quickly and improves sleep quality
“If your feet are cold, your whole body will be cold.”
In an air-conditioned room, taking off your socks to sleep will reduce the temperature of your feet and is not conducive to sleep.
After undressing and going to bed, your body temperature will definitely decrease at first. If you wear socks at this time, you can keep your feet at a relatively high temperature, which is conducive to falling asleep quickly and improving sleep quality.
It is often the case in life: the quilt is well covered before going to bed, but it is always awake in the middle of the night, and it becomes cold when you find your feet exposed outside.
Especially in summer, the bedroom is air-conditioned all night, and summer quilts or towels can’t always guarantee the heat of the feet.
After taking a hot bath, lie on your back in bed and lift your feet to rub each other. After your feet feel warm, it will help you sleep and improve your sleep quality.