Category Archive : 夜网

LISA suffers death threats, Thai Embassy in South Korea and YG Entertainment have taken measures

LISAsuffersdeaththreats,ThaiEmbassyinSouthKoreaandYGEntertainmenthavetakenmeasures
SaunaNightNewsMay8,theThaiEmbassyinSouthKoreapostedonofficialsocialmedia,sayingthatithasreceivedmanyemailsandmessagesfromfansrecently,andfoundthatsomepeoplehavethreatenedtheK-POPgirlgroupBLACKPINKfromThailand’smemberLISAAtpresent,YGEntertainment,thecompanythatBLACKPINKbelongsto,hasbeeninformedoftherelevantcontent.Subsequently,therelevantpersonneloftheThaiembassyinSouthKoreaconfirmedtheauthenticityofthenewstotheKoreanmedia.TheembassystatedthatLISAisThai,sotheThaiembassywillhelp.Later,YGEntertainmentsaidthroughKoreanmediathatYGistakingrelevantmeasurestoprotectthesafetyofartistsandfans,andwillmonitorrelevantinformation,andwilltakemandatorymeasuresthroughtheevidencecollectedfromfans.Itisreportedthatthesocialaccountthatpostedthedeaththreathasbeenclosed,butithaspostedacompositeimageofLISAandthegravethroughanotheraccountandreplaceditwith”Ihaveagun,IwillkillLISA.””SaunaNightEditorWuDongniproofreadingWuXingfa

[Homely lotus root pork rib soup can still do this?

】 _How to do_How to do

[Homely lotus root pork rib soup can still do this?
】 _How to do_How to do

Lotus root pork rib soup is mainly made from lotus root, ribs and salt. Lotus root has heat-clearing and refreshing energy, spleen and appetizers, laxative and antidiarrheal effects, hemostatic dispersion, etc. It is often consumed lotus root or anti-cancer, anti-aging,Detoxification and beauty, hypoglycemic and hypolipidemic.

Method 1 Ingredients: 500 grams of pork ribs (large ribs), 750 grams of lotus root[1]Seasoning: 10 grams of salt, 3 grams of pepper, 10 grams of green onions, and 7 grams of ginger. Production process 1. Wash and chop pork ribsInto 4 cm long pieces; 2, lotus root choose to wash clean, scrape and peel, put it on the chopping board and cut it, cut into small pieces with the same ribs; 3, pour an appropriate amount of boiling water in a pressure cooker, put pork ribs,莲藕[2] ,放入葱段、姜片、精盐、胡椒粉[3] ,盖上锅盖;4、放在旺火上烧开后,转用文火炖20分钟后即可上桌。 Method 2 Making ingredients: 300 g ribs, 300 g lotus root, 2 chives, 1 ginger, seasoning: 1 tsp cooking wine, 1 tsp pepper, 2 tsp salt, 1 tsp MSG, production process 1.

Wash the ribs and cut into 3 cm long sections, 2.

Shave the rough skin on the surface of the lotus root, cut into pieces, and wash. 3.

Wash ginger and cut in half, 4.

Put an appropriate amount of water in the pot, add half a piece of ginger, chives, cooking wine, boil, and then lower the ribs.

Set the wok on the fire, add water, lower the ribs, half a piece of ginger, chives, boil over high heat, switch to low heat after removing all the foam, and simmer for about 20 minutes, 6.

Pour lotus root, pork ribs and soup together into a casserole, and simmer for another 30 minutes. Pick ginger and chives without using salt, pepper, and MSG.

The characteristic soup is delicious, and the fragrant stick is soft and waxy.

The chef knows a thing: it is not advisable to use an iron pan when stewing stew, otherwise the soup will turn black.

Method three: The pork ribs are cleaned with running water to remove excess oil and blood clots, and chopped into small pieces of about 6 cm with a thick-backed kitchen knife.

The lotus roots are cut off at both ends, and they are initially cut into two halves, cleaned, checked for residual sediment in the eyes, and cut into 6 cm long hob blocks.

Boil a pot of water, add the pork ribs to boiling water and blanch. After the water boils again, skim off the blood foam. Repeat the interval until no blood foam emerges. Remove the ribs and drain.

Put the ribs in the soup pot, add the shallots, ginger slices and cooking wine, pour in 3/4 of warm water, cover the pot, boil on high heat, and cook for 15 minutes.

: Put the lid on the lotus root. Put the lid on the lid tightly. After the high heat is boiled, turn it to a low heat. Keep it in a slightly boiling state and simmer for 1 hour.

After the flameout, remove the shallot segments and ginger slices.

Add the salt and pepper to the stewed lotus root rib soup.

Season with fresh coriander before preparing to serve.

You can add green onions to your eyes. If there is too much mud in the eyes, it will be difficult to clean them.

Therefore, when purchasing lotus root, you should choose to divide the knots intact, so that there is no mud in the eyes.

Buying fresh pork spine (cavity bone) stewed lotus root is also a good soup.

Note that the salt should be added last, and season it according to your taste. It is recommended to be light and not overly salty.

Finally, let’s talk about a very important tool: the pot, only Hubei’s unique casserole dumplings can make such a thick and delicious thick soup.

The dumplings with local characteristics look dark in appearance and have numerous small holes. When the soup is boiled, the fat comes out of the small holes, and the dumplings look oily.

The small holes can filter thick oil, so the soup is not greasy and has a strong fragrance.

Wuhan people’s soup is very particular. People over 50 years old will specialize in briquette stove soup.

The control time ranges from a few hours to an overnight.

The thick fragrance is scattered everywhere.

Method 4: Make one and a half pounds of pork ribs, chop them into sections and lift them after boiling in water; scoop two pounds (pink noodles with nine holes along the edges), cut into small pieces or sections and use a knife to smash them.Beat it; about twenty peppercorns; two tablespoons of rice wine; proper salt production process1.

This is the safflower tincture. There are nine holes on the edge, right?

This stew is soft and savory.

2.
First simmer in a small saucepan for 40 minutes, or press in a pressure cooker for 20 minutes, then add the ribs, boil and remove the foam, then add cooking wine, pepper, and ginger.

3.
After boiling, change to low heat and simmer for an hour, then add salt and simmer for another hour.Nutritional value: Pork ribs-In addition to protein, traces, and vitamins, pork ribs also contain a large amount of calcium phosphate, bone collagen, osteoadhesin, etc., which can provide calcium for young children and the elderly.

Loquat-lotus root, also known as lotus root, is slightly sweet and crisp, very refreshing, can be eaten raw or cooked, and has a very high vitamin value. It is good for old and young women, and frail and sick.

Method 5: Ingredients: ribs (washed after boiling water), lotus root slices, kelp knots, shallots, ginger slices, wolfberry accessories: cooking wine, salt, monosodium glutamate, soy saucePut in lotus root and cook for 30 minutes. 2. Add pork ribs and ginger slices to cook for 60 minutes. 3. Add kelp knot and cook all seasonings for 10 minutes. 4. Put onion section / medlar and cook for about 3 minutes.

Method 6 Make ingredients Apple, ribs, lotus root making process 1. Wash and cut fresh pork ribs and lotus root into small pieces; 2. Add cold water, ginger, spring onions, aniseed, a small amount of vinegar, cook in a pressure cooker for 30?
40 minutes; 3. Add the sliced apples to the pot for minutes and serve immediately.

For the crowd: It is more suitable for children over 1 and a half years. Health Tips: Eat meat, apples, bones and soup together.

It can not only supplement high-quality protein, but also calcium, phosphorus and other minerals and vitamins, enhance immunity, improve brain health.

[How to eat litchi]_Litch_Benefits_Inevitable

[How to eat litchi]_Litch_Benefits_Inevitable

Litchi is a favorite fruit of many people. Litchi is rich in sugar, protein and multivitamins, and also contains arginine and tryptophan. Therefore, it has high nutritional value. Eating lychee has nourishing brain, improves immunity, and reducesMany advantages such as blood sugar.

First, the benefits of litchi to the skin. Contemporary scientific research has found that litchi is rich in sugar, protein, provitamin A, vitamin B, vitamin C, vitamin D, citric acid, pectin, and a lot of free arginine and tryptophan.

The skin is a manifestation of the internal function and state of the human body. People who are malnourished and eat an improper diet will not have healthy skin.

Litchi is rich in various nutrients and can promote blood circulation of fine blood vessels. Therefore, eating litchi often can not only prevent freckles and other pigment spots, but also make the skin smooth and delicate.

Second, the nutritional value of lychee The rich sugar contained in lychee has the function of replenishing energy and increasing nutrition. Studies have shown that lychee has nourishing effects on brain tissue and can significantly improve symptoms such as insomnia, forgetfulness, and fatigue; lychee meat is rich in vitamin C.And protein, which help to strengthen the body’s immune function and improve disease resistance; lychee has the effects of swelling and detoxification, hemostatic and analgesic; lychee has rich vitamins, can promote blood circulation of fine blood vessels, prevent freckles, and make the skin smoother.
The pulp has the effects of nourishing the spleen and liver, regulating qi and blood, warming and analgesic, replenishing the heart and soothe the nerves; the nucleus has the effects of regulating qi, dispersing and analgesic; it can stop hiccups and diarrhea;At the same time, it has nourishing brain fitness, appetizing and spleen, and has the effect of promoting appetite.

Third, the benefits of eating litchi 1, nourish the brain, supplement energy Litchi pulp is rich in glucose, sucrose, the total amount of sugar is more than 70%, ranking first in a variety of fruits, with energy and nutrition.

Studies have shown that litchi has a nourishing effect on brain tissue and can significantly improve insomnia, forgetfulness and fatigue.

2. Enhancing immune function Litchi meat is rich in vitamin c and protein, which enhances the immune function of the body and improves disease resistance.

Therefore, litchi has been regarded as a precious supplement since ancient times.

3, lower blood sugar Although lychee contains a lot of sugar, but it contains an amino acid, which has the effect of lowering blood sugar, which is very suitable for patients with diabetes.

4, swelling and detoxification, hemostasis and pain relief In addition to the well-known tonic effect, if used as a surgical disease, such as tumors, scabies, scabies malignancies, trauma bleeding and other diseases.

5, stop hiccups, stop diarrhea, litchi sweet and warm the spleen, and can reduce inverse, it is a refractory hiccup and the best food therapy for five people who leak.

6. Yijing Bushen Litchi contains free amino acids, fructose, glucose, pectin, malic acid, citric acid, etc.

It is not only a health-care fruit for fitness and beauty, but also can be used to treat insufficient fluid and kidney deficiency dreams, spleen deficiency and diarrhea, and forgetfulness and insomnia.

[Does eating sugarcane make you fat?]

[Does eating sugarcane make you fat?]

We all know that sugarcane is a fruit that many people prefer to eat, especially in winter. Sugarcane is the most common, because sugarcane has very high nutritional value, and it is rich in sugar, So you ca n’t eat too much at one time, because you will get fat if you eat too much, and occasionally take a few.

It helps to promote digestion and relieve cough.

Sugar cane contains a lot of sugar, so sugar cane is an important raw material for extracting sucrose.

Sugarcane is a tropical and also a tropical crop.

Therefore, the origin of sugarcane is not our country.

Sugarcane is produced in about one hundred countries around the world.

Generally sugar cane has two colors, namely green sugar cane and purple sugar cane, red sugar cane and brown sugar cane, although there are, but it is rare.

Can sugarcane be fat? Sugarcane is suitable for a wide range of people, whether it is men, women, young or old.

Many people ask whether sugar cane will make you fat. So, will sugar cane make you fat?

With this question in mind, let’s take a look at the nutritional value and efficacy of sugarcane, and see if sugarcane can make people fat.

The sugarcane juice is sweet and rich in nutrition, and it is included in the fruit. It is also said that “the sugarcane has been tested in autumn.”

Chinese ancient medical scientists incorporated sugarcane and incorporated it into a “tonic”.

According to nutritionists, each 100 grams of sugar cane contains 64 kcal, 0.

60 grams of precipitated fiber, 0 protein.

40 grams, aunt 0.

10 grams, carbonic acid 16.

00 grams, calcium 14.

00 mg and more.

Sugarcane contains more water (about 84%). Sugarcane is rich in sucrose, glucose and fructose, which can be easily absorbed by the body.

A large amount of iron, calcium, phosphorus, manganese, zinc and other essential trace elements in the human body. Among them, the content of iron is particularly high, ranking first in fruits. Therefore, sugarcane has the reputation of “tonicate blood”.

Sugarcane contains protein, trace amounts, calcium, phosphorus, iron, and aspartic acid, glutamic acid, serine, alanine and other beneficial amino acids, as well as vitamin B1, vitamin B2, vitamin B6And vitamin C and much more.

[Can pregnant women eat crisp winter dates_Can pregnant women eat crisp winter dates]

[Can pregnant women eat crisp winter dates_Can pregnant women eat crisp winter dates]

Anyone who has eaten crisp winter dates knows that the crisp winter dates taste very delicious, the taste is relatively crisp, and the juice is very rich. It has a strong sweet taste, and the nutrition of the crisp winter dates is very rich.Especially the content of vitamin c is very high, even much higher than the vitamin c content of apples and cholesterol, so eating winter jujube is a very good way to supplement vitamin c, so can pregnant women eat crisp winter jujube?

Can pregnant women eat crisp winter dates?

You can eat it. Dongzao is a special fruit in the north. It is a very common fruit. It is full of fruits and tastes crisp and refreshing. Therefore, this kind of fruit is very popular. Although it is delicious, it ca n’t be eaten.There are many contraindications to eating!

Precautions for pregnant women to eat Dongzao Juice 1. For soaking rice in water for 40 minutes, no matter which channel you buy it from, pregnant mothers must wash it with water before eating. It is best to soak for 40 minutes in rice water.Remove the pesticide residues from the fruit to the limit, and then wash it with water. Of course, based on this, you can also rinse it with hot water and eat it.

2, you can choose steamed food for pregnant mothers who are not good for the stomach, you can clean the fresh winter jujube, and then use a rice cooker to steam or hot water for 20 minutes to make it easierabsorb.

3. Control the consumption of winter jujube. An appropriate amount of winter jujube can effectively alleviate morning sickness and promote appetite. It also has certain effects on patients with constipation (eating with skin), and can also improve the condition of anemia. Pregnant mothers can eat appropriately.

However, even the best things should be in the right amount. It is recommended that pregnant moms eat no more than 5 Dongzao at a time.

Introduction of related matters 1. Pay attention to the consumption of winter jujube. Winter jujube is rich in nutrition, fresh in fruit and rich in nutrition, and has health functions such as purifying blood, helping digestion, and beauty.

Therefore, pregnant women can eat winter jujube. Consuming winter jujube has many benefits for the pregnant woman itself, and it is also conducive to the growth and development of the fetus.

Although Dongzao is good, it can’t be greedy, especially for pregnant women with long-term pregnancy, it is best not to eat Dongzao. It is recommended that pregnant moms eat no more than 20 Dongzao each time.

2. Pay attention to the cleaning of winter jujube. First select the jujube that has not been broken.

Second, soak the date with water for 10-20 minutes. If you are worried about the residual material, you can pour a little corn starch into the water.

Third, manually beat some water in the water to clean it, or just rinse the water a few times.

Fourth, do not remove the mention from the date, otherwise it will seep and can be removed when washed and eaten.

3, pay attention to the storage of winter jujube. If the winter jujube has been washed, you can dry it first, let the water on the surface of the jujube evaporate to dryness, and then put it in the refrigerator to refrigerate.

No matter how you store it, it is recommended to eat it for three months for nutrition and good taste.

Baiguo Wang Dongzao generally uses “insulation box + plastic box + ice pack”.

If the pregnant mother buys Baiguo Wang Dali Dongzao, it is best to remove the Dongzao from the incubator in time, and put the Dongzao together with a plastic box into the refrigerator.

[Honey is acidic or alkaline, what are the differences?】 _Recommended diet

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Huaneng International (600011) Quarterly Review: Better Power Drives Q3 Performance

Huaneng International (600011) Quarterly Review: Better Power Drives Q3 Performance

The performance of 19Q3 was in line with expectations, and the leader of thermal power set sail. The company achieved revenue of 438 in 19Q3.

20,000 yuan (ten years +0.

5%), net profit attributable to mothers / net profit attributable to non-mothers 15.
.

7/13.

50,000 yuan, the biggest turnaround in one year (18Q3 is -1.

4 / -1.

7 ppm), a significant increase in electricity from the previous quarter is the main reason driving Q3 performance to continue to improve.

We agree that the long-term coal supply and demand will continue to develop in a loose scale, and the company is expected to fully benefit from the decline in coal prices.

We maintain our previous profit forecast, 19?
The net profit attributable to mothers in 21 years is estimated to be 80.10.17%, BPS 5.

75/6.

03/6.

52 yuan, given 1 in 19 years.

1-1.

2x target PB, target price 6.

33-6.

90 yuan, maintaining the “overweight” level.

The 19Q3 performance was in line with expectations, and the counter-cyclical nature of the thermal power faucet highlighted that the company achieved revenue of 438 in 19Q3.

20,000 yuan (ten years +0.

5%), net profit attributable to mothers / net profit attributable to non-mothers 15.
.

7/13.

50,000 yuan, the biggest turnaround in one year (18Q3 is -1.

4 / -1.

7 ‰), in the context of a significant increase in power, Q3 performance increased significantly: 1) Q3 company revenue +16.

0%, gross profit margin +0.

5 points to 14.

6%, driving the company’s pre-tax profit to increase by 10 sequentially.

600 million; 2) Asset impairment losses increased by 3.

0 million yuan, expanding investment income and gradually pushing down pre-tax profits4.

5 billion, budget, period expenses increased by about 3.

400 million; 3) Non-operating income was + 370% MoM, which was due to the guarantee recovery payment received by the subsidiary of Shandong Power Generation Corporation, which contributed to the increase in pre-tax profit1.

4 billion.

Looking at 北京夜网 the chain, the sharp increase in electricity is the main reason driving the better performance of Q3. 1) Revenue: Benefiting from the considerable demand for electricity in the whole society in 19Q3 + the impact of dry water, Q3’s power generation has increased significantly from the previous month.Internal power generation / sale power +16.

7% / + 18.

6%, the combined on-grid electricity price fluctuates slightly every year.

6%, driving the report of key companies’ revenue + 16% MoM; 2) Cost: 2019Q2 / 2019Q3 Qingang Q5500 power end coal average price was 609/586 yuan / ton, down 23 yuan / ton from the chain, we think the spot coal priceThe decline is good for the company’s fuel cost control, and the company’s gross profit margin in 19Q3 increased by 0 from the previous month.
5 points.

Coal prices may run low, thermal power leader Yangfan Yuanhang benefits from the accelerated release of coal production capacity, superimposed midstream coal inventory continues to be high + moderate daily consumption of downstream power plants, coal prices have fallen significantly since 2019, Q1 / Q2 / Q3 Qingang Q5500 powerThe spot coal prices at the end of the year were 602/609/586 yuan / ton, which fell 98/19/47 yuan / ton every year. The coal price is not busy in the peak season. We insist that the long-term coal supply and demand will continue to expand loosely.Continue to move lower.

As of mid-2019, 84% of the company’s installed capacity is coal-fired generating units, which is expected to fully benefit from the low price of coal in the future.
Maintain profit forecast and maintain “overweight” rating. We maintain previous profit forecast. 19?
The net profit attributable to mothers for the 21st year is estimated to be 80/101/147 billion and EPS0.

51/0.

64/0.

94 yuan, BPS 5.

75/6.

03/6.

52 yuan, with reference to similar company 19E PB average value 1.

0x, considering that the company’s leading effect is outstanding, it can enjoy a certain estimated premium, given 1 in 19 years.

1-1.

2x target PB, target price 6.

33-6.

90 yuan, maintaining the “overweight” level.

Risk warning: coal price upside risk, electricity price adjustment risk, cash downside risk.

Real Madrid Technology (603181) Research Briefing: The Advantages of Special Surfactant Leading Product Layout Gradually Highlight

Real Madrid Technology (603181) Research Briefing: The Advantages of Special Surfactant Leading Product Layout Gradually Highlight
First, first, analysis and judgment are complementary in size and diversity. R & D and innovation drive development. Since its establishment, the company has been focusing on the research, production, and sales of special surfactants. The current annual production capacity exceeds 20 tons and the number of product categories exceeds 1,300. It is a domestic production scale.One of the largest, most complete, and high-tech specialty surfactant manufacturers, its comprehensive strength ranks among the top in the country.In order to resolve the contradiction between stable supply in the upstream and downstream, the company implements 深圳桑拿网 the business strategy of “adjusting the structure of large varieties and making profits from small functional varieties”. The small variety segment continues to increase its volume, its sales share has steadily increased, and its profitability has continued to increase.In addition, the company has established a comprehensive research and development system based on the research and development center. Based on the twelve major plate products such as new material resins, silicones, lubricants and metalworking fluids, coatings, it has developed more than a thousand kinds of products.It has authorized 11 invention patents with an increase of 83, and has the advantages of continuous technological innovation and product development. Special surfactants are widely used in downstream applications, and the market is expanding. Although the surfactant industry started late, it has developed rapidly. Its downstream applications are very extensive, involving water treatment, coatings, construction, paints, daily chemicals, electronics, pesticides, chemical fiber and other industries., And is expanding into various cutting-edge fields, providing strong support for new materials, biology, energy, information and so on.According to statistics, the annual average growth rate of the total output of non-ionic surfactants from 2015 to 2017 was about 8.3%, it is estimated that by 2020, the global surfactant market will reach 42.7 billion US dollars, with a total market of about 2280.At present, the global market of the industry market is integrated by multinational companies, and the rapid expansion of internal companies. The raised funds are gradually released, new projects are expanded in the future. High-growth companies’ new projects are based on the development of high-end products and small varieties of products, and the existing “annual production”.7 Expected high-end functional surfactants (special polyethers, high-end synthetic esters) technological transformation project “is expected to be completed in December 2019;” annual production of 0.”Initial polyetheramine” will be put into production in March 2020.In addition, the company plans to invest 9.The 7 billion newly-built “Project with an Annual Output of 10 Contacts for New Materials Resins and Special Industrial Surfactants” will also be completed by December 2020.Putting new projects into production will lay a coexisting foundation for the company’s future growth.Second, the investment proposal estimates that the company’s EPS for 2019-2021 is 1.32 yuan, 1.68 yuan, 2.08 yuan, corresponding to PE is 11 times, 8.9 times, 7.1 times.With reference to the current average PE level of 26 times for other chemical products in SW, it is covered for the first time and given a “recommended” rating.Third, risk warning: New project advances less than expected; downstream demand is less than expected; raw material prices fluctuate significantly.

BYD (002594): The accumulation of new energy vehicles, openness and innovation lead the trend

BYD (002594): The accumulation of new energy vehicles, openness and innovation lead the trend

Key points of investment: The new energy automobile industry maintains high growth.

Affected by the weak economy, the cumulative sales of passenger cars nationwide totaled 2,235 in 2018.

10,000 vehicles in the past ten years 5.

8%.

Cumulative sales from January to May 2019 reached 818.

70,000 vehicles, down 11 every year.

9%.

Under the influence of car purchase subsidies and brand advantages on boosting new energy vehicles, new energy vehicle sales reached 125 in 2018.

60,000 vehicles, an increase of 61 over the same period last year.

7%.

From January to May 2019, new energy vehicle sales reached 47.

60,000 vehicles, an increase of 46 over the same period last year.

2%, continued to maintain a high growth rate.

  BYD is a leader in the new energy vehicle industry and has a complete new energy model system.

BYD is a leader in the new energy vehicle industry, and has ranked first in domestic sales of new energy vehicles for five consecutive years.

The company has introduced a number of top talents such as Iger. The design and chassis adjustment have been significantly improved, and the product power has been improved.

2018 is the start of the company’s new product cycle. The “Dynasty” series launched a number of new models, and the sales growth rate was significantly higher than the industry.

The company’s new energy vehicle product layout is complete, the brand continues to march toward high-end, and the new energy coupe “Han” will be launched in the future.

At the same time, e-mesh entered the A00 class car market.

  Implementation of the “open” strategy, the power battery and IGBT business reorganization and renewable period.

In the past two years, the company has changed its business thinking and broken the vertical integration model.

The non-dominant components were initially stripped off, and foreign procurement was opened.

At the same time, it will gradually supply external components such as power batteries and IGBT to provide new revenue growth points.

Power battery has the third largest development volume in the world in 18 years. In the future, the power battery business is expected to account for 50% of the company’s revenue, and it will actively promote the battery business to be separately listed and revalued.

And it is expected to increase the margin to improve cash flow and reduce financial costs.

  The cloud rail cloud bus business has entered the harvest period.

The company lasted for 5 years and gradually expanded by 5 billion, and successfully developed the rail transit products “cloud rail” and “yunba”.

The cost of the “cloud rail” is only 1/5 of the subway, and the construction cycle is only 1/3 of the subway, which meets the construction needs of third- and fourth-tier cities.

The “Yunba” review process is correct, and some projects have been formally implemented, with orders in hand amounting to tens of billions. It will continue to contribute steadily to operating revenue in the future.

  Covered for the first time, giving “overweight” rating.

Based on the company’s new energy passenger car sales are expected to continue to grow rapidly, the supplementary decline will have a short-term impact on the company’s gross profit margin, but the company can respond by “increasing sales + controlling costs + increasing the value of bicycles”.Revenue was 1485/1757/2053 billion and net profit was 28.

3/37/45 billion, corresponding to an EPS of 1.

04/1.

36/1.

65 yuan, currently expected to correspond to a 19/21 market surplus of 46/35/29 times.

Taking into account the new energy vehicle as a national key strategy, BYD is the leading pioneer of new energy vehicles and is expected to lead the industry for a long time. The company’s history is estimated to be 39 times that of the hub. In 2019, the company’s performance is in the adjustment stage due to the sharp withdrawal of new energy substitution policies.Due to the adjustment of the marginal expected attenuation of the compensation policy and the start of battery external business contribution, the company is expected to return to the growth channel. We believe that the reference value of the return in 2020 is 45 times PE in 2020, and the corresponding target price is 61 in 12 months.

2 yuan, the first 重庆耍耍网 coverage given “overweight” rating.

  risk warning.The industry’s business climate surpassed expectations, competition in the battery business intensified, segmentation fell short of expectations, growth in the photovoltaic business intensified, receivables collection risk, and cloud track cloud bus construction fell short of expectations.

Hollyk (603898) Company Dynamic Review: Deeply Binding with Qi Family and Practicing Big Home Concept

Hollyk (603898) Company Dynamic Review: Deeply Binding with Qi Family and Practicing Big Home Concept

The core ideas are cross-shareholdings and joint ventures to establish subsidiaries, and the interests of both parties are deeply bound.

On April 8th, the company and Qiyi Technology (Cayman) Co., Ltd. (“Qimeng Technology”) strategic “strategic cooperation agreement”.

This strategic cooperation mainly achieves two important issues of cross-shareholdings and joint ventures to establish subsidiaries.

On the same day, the board of directors has passed the strategic cooperation, and there is no need to submit a resolution to the company’s shareholders meeting.

In terms of cross-shareholding: within 3 months from the date of signing this 四川耍耍网 agreement, both parties purchased the circulating shares issued by the other company for 80 million Hong Kong dollars.

Qiyi Technology conducts bidding in the secondary market, block trades, or agreement transfers, etc. Hollyker purchases the outstanding shares of Qiyi Technology through block transactions through overseas SPVs.

In terms of joint ventures to establish subsidiaries: the two parties jointly invested 50 million yuan to set up a joint venture in China, Qiyi Technology holds 51% equity, and Hollyk holds 49% equity.

The joint venture company establishes a new brand and operates independently. It purchases custom home furnishing products from Hollyk, and sells it through the network of decoration companies cooperating with Qiyi Technology.

The joint venture company has a board of directors composed of 3 directors, of which Qi Yi Technology has appointed 2 people, and Hollyk has appointed 1 person.

Hand in hand with the Internet home improvement leader, grasp the changes in consumer traffic, and practice the concept of a large home.

“Qijia.com” belongs to the largest online interior design and construction platform in China.

Qijia.com was listed in Hong Kong in July 2018, and terminated at the end of 2018, the company achieved 6.

46 trillion revenue, 5160 million net profit, the number of interior design and construction service providers on the platform reached 9,694, +45 per year.

1%.

Home improvement consumer traffic is migrating to a one-stop service platform. At the same time, the proportion of young consumers is increasing, and traffic is also concentrated on online platforms.

According to Bida Consulting, in 2018, Qijia.com’s trading market share exceeded 25%, and traffic distribution accounted for 40%.

9%, both ranked first.

In addition, the growth rate of daily active users of the Qijiawang APP is increasing, and home improvement consumer traffic is continuously concentrated on Qijia.Supply chain resources to provide consumers with one-stop services, performance is expected to usher in high-speed growth.

The only binding company for custom homes is optimistic about the empowerment of Qijia.com AI.

The outstanding environmental protection IP of Haolaike, and the outstanding product quality and brand marketing, is the first and the only custom home furnishing company in Qijia.com.

Hollyker regards comprehensive drainage as an important goal in its development planning, and Qijiawang has significant AI advantages, and the two parties are highly compatible.

Qijia.com has accumulated a large amount of data in the process of providing accurate user matching recommendation services for platform merchants. At the same time, it has multiple industry-leading system software. In the future, Holicore can share Qijia.com’s precise traffic matching, and AIThe technology itself enables Holacore’s full range of operational details, and Holacore’s operational management efficiency is expected to usher in further improvement.

Investment suggestion: It is predicted that the company’s EPS for 2018-2020 will be 1.

41, 1.

69, 1.

99 yuan, corresponding PE is 16X, 13X, 11X.

The cooperation with Qi Jia, the Internet home improvement leader, will help the company to promote omni-channel drainage, a full-category large home model, and the recovery of the real estate cycle. The company ‘s performance will be released and the operating quality will continue to improve. The company ‘s scale will still be at the bottom.Rating.

Risk Warning: Increased adjustment of real estate policies; rising raw material prices; rising labor costs; increased competition in the industry.