[Can bitter gourd grow old and red, can it still be eaten]

In the Han Dynasty, the father, the father, and the father, or the elder, the father, the father, the father, the father, the father, the father, the mother, the fortress, the fortune, the fortune, the fortune, the fortune, the fortune, the fortune, the fortune, the fortune殑鍛抽亾姣旇緝濂斤紝鑰屼笖瀵逛簬浜轰綋杩樻湁寰堝鐨勭泭澶勶紝鑻︾摐灏辨槸涓€绉嶄汉浠湪鏃ュ父鐢熸椿褰撲腑缁忓父椋熺敤鐨勪竴绉嶈敩鑿滈鍝侊紝浣嗘槸鏈変竴浜涜嫤鐡滀細鍑虹幇鍙戠孩鍙戣€佺殑鎯呭喌銆What are you looking for? What are you looking for?绗竴锛岃嫤鐡滆€佷簡绾簡杩樿兘鍚冨悧?鑻︾摐 [1] (瀛﹀悕锛歁omordica charantia L.)钁姦绉戣嫤鐡滃睘妞嶇墿 [1] 锛屼竴骞寸敓鏀€鎻寸姸鏌斿急鑽夋湰锛屽鍒嗘灊;鑼庛€佹灊琚煍姣涖€傚嵎椤荤氦缁嗭紝涓嶅垎姝с€傚彾鏌勭粏闀?鍙剁墖鑶滆川锛屼笂闈㈢豢鑹诧紝鑳岄潰娣$豢鑹诧紝鍙惰剦鎺岀姸銆傞泴闆勫悓鏍€傞泟鑺辫姳姊楃氦缁嗭紝琚井鏌旀瘺;鑻炵墖缁胯壊锛岀◢鏈夌紭姣?Do you have a brace? Do you want to go to the electric station? Do you have a look? Do you have a look?It ‘s hard to find a stack of pockets; it ‘s a pocket; it ‘s awkward, it ‘s a lot of money, it ‘s a lot of money, it ‘s a lot of money, it ‘s a lot of money, it ‘s a good thing, it ‘s a good thing.ㄥぇ銆傛灉瀹炵汉閿ゅ舰鎴栧渾鏌卞舰锛屽鐦ょ毐锛屾垚鐔熷悗姗欓粍鑹层€傜瀛愰暱鍦嗗舰锛屼袱闈㈡湁鍒荤汗銆傝姳銆佹灉鏈?-10鏈堛€傝嫤鐡滃師浜т笢鍗板害锛屽箍娉涙牻鍩逛簬涓栫晫鐑甫鍒版俯甯﹀湴鍖恒€備腑鍥藉崡鍖楀潎鏅Do you want to go to the top of the list? Could you please tell me what you want to do? Do you want to admit it?鎴愮啛鏋滆倝鍜屽亣绉嶇毊涔熷彲椋熺敤銆傜浜岋紝鐔熼€忎簡灏变細鍙橀粍锛岃繕浼氬紑瑁傦紝閲岄潰鐨勭摛鍙樼孩锛屾湁鐐圭敎锛屽彲浠ュ悆锛屼絾鏄笉濂藉悆銆傝ˉ鍏咃細鑻︾摐鍙堝悕鍑夌摐锛屾槸钁姦绉戞鐗╋紝涓轰竴骞寸敓鏀€缂樿崏鏈€傝寧銆佹灊銆佸彾鏌勫強鑺辨鎶湁鏌旀瘺锛岃厠鐢熷嵎椤汇€傚彾瀛愮殑鐩Village satin branch?tweezers?2 唡 樼 背 Adopting 5 tweezers?The clock is rugged and the rudder is not forgotten. The ship is forgotten. The backpack is on the back. The backpack is on the back. It’s on the floor. It’s on the floor. It’s on the floor.€傛灉瀹為暱妞渾褰紝琛ㄩ潰鍏锋湁澶氭暟涓嶆暣榻愮槫鐘剁獊璧枫€傜瀛愯棌浜庤倝璐ㄦ灉瀹炰箣涓紝鎴愮啛鏃舵湁绾㈣壊鐨勫泭瑁圭潃銆傝嫤鐡滄槸浜轰滑鍠滅埍鐨勪竴绉嶈敩鑿滐紝鍘熶骇鍦颁笉娓呮锛屼絾涓€鑸涓烘槸鍘熶骇浜庣儹甯﹀湴鍖恒€傚湪鍗椾簹銆佷笢鍗椾簹銆佷腑鍥姐€佸拰鍔犲嫆姣旀捣缇ゅ矝鍧囨湁骞挎硾鐨勭妞嶃€傝嫤鐡滆€佷簡绾簡杩樿兘鍚冨悧?鍙鑲夋病鏈夊彉璐ㄦ槸鍙互鍚冪殑锛屼竴鑸苯绾簡鏄洜涓鸿嫤鐡滃お鐔熶簡瀵艰嚧鐨勩€傜暘鑼勭孩绱犳槸涓€绉嶅叿鏈夐矞绾㈤鑹茬殑澶╃劧鑹茬礌,鍦ㄨ嚜鐒剁晫涓垎甯冨緢绐?涓昏瀛樺湪浜庣暘鑼勩€佽タ鐡溿€佺孩鑹茶憽钀勬煔銆佹湪鐡滃強鑻︾摐绫姐€佺暘鐭虫Υ绛夐鐗╀腑锛岃嫤鐡滃叿鏈夋竻鐑В姣掑姛鏁堛€備竴鑸嫤鐡滃湪椴滃鏃剁殑绫芥槸杞殑,灏卞儚灏忚タ钁噷闈㈢殑绫Caution?  rickety  鬗 欐 欸 鍙  each other’s power.The key is to play the role of the gallium and the gallium, and it is very difficult to use it. It is very simple and effective, and it is very easy to use it. It ‘s easy to use it.愪簡绾㈣壊鎴栬€呮祬绾㈣壊,璇存槑鑻︾摐宸茬粡鎴愮啛鏈夌偣鑰佷簡銆?

[Breakfast Egg Pancake Practice]_Homemade Breakfast Egg Pancake Practice_Breakfast Egg Pancake Practice

[Breakfast Egg Pancake Practice]_Homemade Breakfast Egg Pancake Practice_Breakfast Egg Pancake Practice

In fact, cooking is not as difficult as everyone thinks. As long as you want to learn, you can slowly practice.

I will introduce the breakfast egg pancakes to everyone below. Take a closer look. I believe you can learn it.

12 green onions and cut green onions 2.

21 finely chopped ham sausage 3.

121 appropriate amount of salt 4.

Add 212 raw flour to the flour, and the ratio can be controlled by yourself. Of course, the raw flour is a little bit5.

Add water and mix well to make a batter. The thinning point is 6.

Do not open the fire, do not refuel, add an appropriate amount of batter to the pot, spread, the batter is very thin, basically shake the pot to spread 7

Sprinkle with green onions 8.

Sprinkle with ham sausage grains 9.

Open fire, high fire, batter can be seen in the discoloration ha 10.

Wait until the batter is at a level of 5 and turn to low heat, add 11 eggs.

Spread egg liquid with a spoon 12.

Low heat, let the egg liquid heat up a little, partly mold, do not mold all 13.

The skin can also be picked up naturally like this14.

Rolled up with the half-cooked egg liquid, it’s a bit hot, if you can’t stand it, you can turn off the fire and do this step15.

Volume 16.

The rolled quiche continues to fry in the pan until the surface is browned, and the feeling you like is good.

After making the pancake rolls, you can cut them into pieces when you finish watching the introduction of the egg pancakes for breakfast. Why do you have instant noodles after work?

Is there any reason why you should not treat yourself better?

Take advantage of the time, please do it yourself, so that you can really enjoy the food and enjoy life.

[Cantonese style garlic steamed pork ribs]_ delicious practice _ practice Daquan

[Cantonese style garlic steamed pork ribs]_ delicious practice _ practice Daquan

Cantonese-style garlic steamed pork ribs is a common local delicious traditional snack. The main ingredients used are made from ribs and garlic. They are basically delicious and rich in nutrients, which can supplement the protein needed by the body.As well as a variety of trace elements, it is very suitable for modern people to eat, and it is relatively healthy to make it by yourself. You can also add other side dishes according to your taste.

Cantonese style garlic steamed pork ribs Garlic and steamed pork ribs 250g, soy sauce 10g, sugar 5g, wine 3g, garlic 5g, tempeh 5g, raw oil 3g, raw powder 10g,3 grams of salt Method 1. The ribs are marinated with soy sauce, sugar, wine, garlic, tempeh, salted for 20 minutes. When the water can be steamed, add raw oil (mix well), raw powder, and one by one.Add water and mix well. Don’t add too much water, just add it to your own feeling. This kind of meat will be steamed and taste delicious.

2. When it is salted, drain it flat into the pan (do not initialize the ribs in stacks). Use an iron pan if you want to cook it quickly. It may take longer for other pans.

3. It is enough to boil the water for 13 minutes. If you are not sure, you can check it every 10 minutes and check it every 3 minutes.


If you don’t want that much soup, you can wrap the plate with cling paper or tin foil and wear some small holes. 5

You can add green onions when you are done, remember to eat hot.

When the ribs are cold, the meat will stick to the bones.

Steamed pork ribs with tempeh and garlic, pork ribs, ginger, garlic, pepper, pepper noodles, sugar, shallot, tempeh, soy sauce, cooking wine.

Method one, chop garlic and tempeh (don’t use too much tempeh, otherwise it will lose the umami taste), cut the peppers into circles, and cut the onions and cut them for later use. 2. Put the chopped garlic and tempeh into the steamed ginger and pepper.Add a teaspoon of raw soy sauce to the ribs bowl, a small amount of salt, half a finger of sugar (sugar is to be flavored), cooking wine, a small amount of raw flour, stir by hand (more uniform with your hands), and put on a boilSteam the water in the large pot for about 15 minutes, pour a few drops of sesame oil after the pot, sprinkle with green onions and a few pepper rings.

After steaming, put on the counter top and add red pepper and green onion to garnish Cantonese-style tempeh steamed pork ribs. Pure steak, tempeh, salt, chicken powder, raw soy sauce, old soy sauce, sugar, fresh red pepper, raw powder, oyster sauce, cooking wine.Practice 1, flush the ribs and wash.

2, chopped tempeh, minced ginger; diced red pepper, set aside.

3. Stir the tempeh grains, ground ginger and red pepper grains with pork ribs, add the appropriate amount of salt, chicken flour, soy sauce, old soy sauce, oyster sauce, sugar, cooking wine, wet starch, salad oil.

Marinate for two hours.

4. Steam over high heat for about 30 minutes.

Steamed pork ribs with black pepper, pork ribs, 1 teaspoon of tempeh, 3 pieces of garlic, 1 red pepper, green onion, half a spoon of rice flour, 1 spoon of rice wine, salt, sugar and monosodium glutamate, half spoon of sesame oilWash and cut into small pieces, soak the tempeh in hot water and then crush it. The garlic pile will become velvet.

2. The pig will release two spoonfuls of water and grab it manually (to make the ribs absorb water more tender and slippery), add tempeh, garlic, salt, sugar and monosodium glutamate, add rice wine, stir the spoon by hand, and then sacrificeGrasp the powder evenly, and finally put the green onion. After the pepper and sesame oil are mixed well, put it in a steaming dish and refrigerate for four hours.

3. Heat the pot over high heat, add a steaming dish and steam for fifteen minutes to serve.

[Can tofu be eaten]Can it be eaten? Can it be eaten?

Sorrowful, sorrowful, sorrowful, sorrowful, sorrowful, sorrowful, sorrowful, sorrowful, sorrowful, sorrowful, sorrowful, sorrowful, sorrowfulThis is the only way to solve the problems in the real world. It ‘s a good idea to make sure that the chains are very simple, and the arches are very simple.╀Sorry, you will be able to draw a picture of each other. Draw a picture or a picture. If you want to see it, you will be able to see it. If you want to go, you will be able to get back to it.Luduo Pu Pu 囫 曩 囩 囩 噩 晩 撿 咘 咖 儨 悧?鎺ヤ笅鏉ユ垜浠潵鐪嬬湅鍚с€備竴.Pu 囜 掩 曩 囧 噧 晩 撿 撿 咖 咨 晧?Defects are unreliable. They are not available. Weaknesses and weaknesses are inferior to each other. Do you know how to do it?The following are the faults: the faults are: the fear is that you are dressed up, and the fear is that the ammonia is on the back: you are in a bad position.Pu 呜 唷 甸 晥 1.Wei Boom Zan suo ︾ Bao Pu Ming Ao forging Chong Ce pick у parent parent starlings Zengchi Hay ヨ ˉ Juan  Fu mistress Shao Ren Wei Boom Zan suo ︾ Bo adze Chu Duo Wa yu  Wei of Renweichilei insert savage dog silly adze岄€傚悎鐑€т綋璐紝鍙h嚟鍙f复锛岃偁鑳冧笉娓咃紝鐑梾鍚庤皟鍏昏€呴鐢ㄣ€?.琛ヨ鍏婚璞嗚厫鍦ㄩ€犺鍔熻兘涓彲浠ュ鍔犺娑蹭腑閾佺殑鍚噺锛屽畠鎵€鍚湁鐨勬鐗╅泴婵€绱犵被榛勯叜鍙互娣℃枒鍏婚锛屾敼鍠勬洿骞存湡缁煎悎鐥囷紝鎵€浠ュ悆璞嗚厫瀵逛簬濂虫€ф湅鍙嬫湁寰堝ソ鐨勮ˉ琛€鍏婚鏁堟灉銆?.Lao coaxing.楠ㄩ璞嗚厫涓殑钀ュ吇鐗╄川鍏ㄩ潰锛屽惛鏀剁巼楂樿揪95%锛屼袱灏忓潡璞嗚厫鍙互婊¤冻涓€涓汉涓€澶╁閽欑殑闇€姹傦紝璞嗚厫涓惈鏈夋灉涓挋鐜嬧€滈吀瑙掆€?I want to go to the next place. I want to know how to do it. I want to know how to do it. If you want to go through the chain, you will get stuck in the chain. If you want to go through the chain, what will you do?.琛ヨ剳鍋ヨ剳璞嗚厫涓惈鏈夊ぇ璞嗗嵉纾疯剛浠ュ強涓板瘜鐨勪紭璐ㄨ泲鐧斤紝鏈夌泭浜庣缁忥紝琛€绠′互鍙婂ぇ鑴戠殑鐢熼暱鍙戣偛锛屽彲浠ュ寮哄厤鐤姏锛屽己韬仴浣撱€備笁.閫傚疁浜虹兢1銆佽韩浣撹櫄寮憋紝钀ュ吇涓嶈壇锛屾皵琛€鍙屼簭锛屽勾鑰佽耽鐦﹁€呴;2銆侀珮鑴傝鐥囷紝楂樿儐鍥洪唶锛岃偉鑳栬€呭強琛€绠$‖鍖栬€呴;3銆佺硸灏跨梾浜洪;4銆佸濂充骇鍚庝钩姹佷笉瓒宠€呴;5銆侀潚灏戝勾鍎跨鑰佷汉椋?6 銆 人 飸 鐏  挸 鍡 摦 擽?鍖呮嫭鎬ユ€ф敮姘旂鐐庡摦鍠?鑰呴;7銆侀ギ閰掓椂椋燂紝鍥犱负璞嗚厫鍚湁鍗婅儽姘ㄩ吀锛岃兘鍔犻€熼厭绮惧湪韬綋涓殑浠h阿锛屽噺灏戦厭绮惧鑲濊剰鐨勬瘨瀹筹紝璧峰埌淇濇姢鑲濊剰鐨勫伐浣溿€傚洓.绂佸繉浜虹兢1銆佸洜璞嗚厫涓惈鍢屽懁杈冨锛屽鍢屽懁浠h阿澶卞父鐨勭棝椋庣梾浜哄拰琛€灏块吀娴撳害澧為珮鐨勬偅鑰咃紝蹇岄璞嗚厫;2銆佽劸鑳冭櫄瀵掞紝缁忓父鑵规郴渚挎簭鑰呭繉椋熴€傚鏋滄憚鍏ラ噺杩囧锛屼細鍔犻噸鑲捐剰鐨勮礋鎷咃紝浣胯偩鍔熻兘杩涗竴姝ヨ“閫€锛屼績浣垮姩鑴夌‖鍖栫殑褰㈡垚銆?You can’t stop reading it, you can’t stop it, you can’t stop it, you can’t stop it, you can’t stop it, you can’t stop it, you can’t do it, you can’t catch it, you can’t catch it澶卞父鐨勭棝椋庡拰琛€灏块吀娴撳害澧為珮鐨勪汉浼氬鑷寸棝椋庡彂浣溿€?銆佽眴鑵愪笉鑳戒笌鏌垮瓙鍚屽悆锛屼袱鑰呯浉鑱氬悗浼氬舰鎴愯儍鏌跨煶锛屽紩璧疯儍鑳€銆佽儍鐥涖€佸憰鍚愶紝涓ラ噸鏃跺彲瀵艰嚧鑳冨嚭琛€绛夛紝鍗卞強鐢熷懡銆?

[Can linseed oil be cooked]_How to cook_How to cook

[Can linseed oil be cooked]_How to cook_How to cook

At our time, most people choose to use lard when cooking. Some people like vegetarian food because they think that vegetarian oil is also a vegetable oil, which contains a small amount of it. It will not make the body fat after eating. We are more common.Vegetable oil is peanut oil, soybean oil, and sunflower seed oil. In fact, there is another type of oil called linseed oil. Can linseed oil be used for cooking again? Can linseed oil be used for cooking? Before, people always thought that the cooking oil became hotter when cooking., Oil temperature rises, such cooking oil is more healthy to eat, but from the perspective of nutritional hygiene, this approach is the most unhealthy, because the temperature is too high, the nutrients in cooking oil become unhealthyFor a long time, this will cause a load on the body.

Under normal circumstances, the highest temperature of the oil is in the shabu-shabu, because at this time there is only oil in the pot, and there is no other temperature to cool the oil. At this time, the temperature of the oil can generally reach about 120-170 degrees. After that, the temperature of the oil willReduce it to about 100 degrees, and then keep it at about 90 degrees when you start cooking. In fact, this temperature is sufficient. This temperature is basically an equilibrium point, so the oil does not need to be too much, 90 degrees is sufficient.

Many people also say that flaxseed oil can only be mixed cold and not fried. In fact, flaxseed oil can be fried. However, it is not recommended to stir fry for a long time at high temperature, which will destroy the alpha-linolenic acid in flaxseed oil.

How to eat flaxseed oil

Flaxseed oil + condensed milk, add flaxseed oil to the condensed milk, stir and eat.


Flaxseed oil + yoghurt. Flaxseed oil is added to the yoghurt. Stir well and eat. Yogurt is best made by yourself. You can buy pure milk and lactic acid bacteria to make it yourself.


Flaxseed oil is mixed with cold dishes, so when you eat it, you must pay attention to freshly eaten, because a-linolenic acid is afraid of oxidation and cannot be exposed to the air for too long, otherwise the nutrients will be destroyed.


Drink directly. This is the best method. It is recommended to drink it in the morning before dinner or at night.


Add in the porridge. For people who are inconvenient to eat, or children, you can drop linseed oil in the porridge and stir it evenly. Note that the porridge should not be too hot, only warm.

How much flaxseed oil to eat a day?

In terms of the amount of flaxseed oil, different people, because of different ages and physical conditions, the optimal daily intake is different, generally 15-20ml is recommended.

Tip: All the above mentioned are cold pressed dewaxed linseed oil, and hot pressed linseed oil is generally used for cooking.

Flaxseed oil has no impurities, so good!

It is good for the three highs, forgetfulness, eyes, and acne.

Clean up blood garbage and pass through blood vessels1.

Heat the cooking with linseed oil at high temperature.

Normal oil is used for cooking, but flaxseed oil is not recommended to be heated at high temperature, because the most important original nutritional ingredient of flaxseed oil-α-linolenic acid (Omega-3) is a very livelyPolyunsaturated fatty acids, once the temperature is too high, this nutrient component begins to be destroyed, the temperature rises, and the longer the heating time, the more the α-cornic acid is destroyed.

Flaxseed oil and other vegetable oils can also be used for cooking, but pay attention to controlling the oil temperature when cooking, not too high (it is recommended to put cold oil or oil on the bottom of the pot or hurry when cooking)Not suitable for frying.


Flax seed oil is stored for a long time after opening.

After opening cold-pressed linseed oil, it is best to eat it within 45-60 days, because α-linolenic acid is afraid of oxygen. After being opened, it will be slowly oxidized, so it will lose nutrition.

Keep flaxseed oil where it can be exposed to the sun.

Alpha-linolenic acid is afraid of light, so cold pressed linseed oil from distance must be a dark bottle, because it can avoid the effect of avoiding light.

Suntec Technology (002815) 2019 Semi-annual Report Review: Looking forward to the small batch board leader in the 5G era when the strategic transformation is underway

Suntec Technology (002815) 2019 Semi-annual 武汉夜生活网 Report Review: Looking forward to the small batch board leader in the 5G era when the strategic transformation is underway

Company dynamics The company released its 2019 Interim Report on August 14, which disclosed the company’s operating income for the period18.

$ 5.1 billion, an annual increase of 2.

02%; net profit attributable to non-attributed mothers2.

5.6 billion, a decline of 2 every year.

21%; realized net profit attributable to mother 2.

6.5 billion, down 5 each year.


Matter reviews Supercomputing and 5G orders show the company’s product structure optimization results. The company’s main products are small-volume PCBs. The products cover HDI, thick copper, backplanes, rigid-flex joints, buried capacity and buried circuit boards.Including communication equipment (30%), industrial control (25%), automotive electronics (12%), medical equipment (10%), security electronics (10%), aerospace (8%).

The company’s product structure continues to upgrade, and high-end products such as supercomputing and 5G have been recognized by downstream customers.

The company completed 重庆耍耍网 22 supercomputing orders of CLP Power this year, and its main products are high-speed boards.

In terms of 5G business, the company newly entered ZTE business, opening up 5G business space next year.

In addition, the company’s subsidiary Sandeguan achieved sales revenue in the first half of 20195.

8.2 billion, an increase of 18 over the same period last year.

39%, achieving a net profit of 0.

76 ppm, an increase of 52 over the same period last year.


In June this year, it acquired a 40% stake in Punoway, officially opening the layout of the IC carrier board field.

Fixed asset turnover ratio temporarily improved. Low asset-liability ratio and cash flow indicators improved. From the perspective of profitability, the company’s gross profit margin during the period was 31.

76%, a decrease of 0 every year.

9pct, the decline in gross profit margin was mainly due to the company’s fixed asset turnover rate (0.

9) Still low.

Net interest rate for the company period 14.

31%, down by 1 every year.

02pct, mainly related to the increase in research and development expenses and the provision of fair incentive expenses.

In terms of operating capacity, the company’s inventory turnover days and accounts receivable turnover days were 46 respectively.

0 and 71.

7, the same period last year were 46.

5 and 70.

In terms of capital structure and debt repayment ability, the company’s asset-liability ratio is 42.

2%, a decline of 4 per year.

5 points, mainly because short-term debt decreases by 19 each year.


The company’s current ratio and quick ratio are 1.

3 and 1.

1, the same period last year were 1.

5 and 1.

3.From the perspective of the company’s cash flow, the company’s net operating cash flow / revenue during the period was 23.

2, the same period last year was 18.

Corporate free cash flow during the period1.

5 trillion, -4 in the same period last year.

500 million, the company’s cash flow situation improved.

PCB capacity expansion welcomes 5G new cycle. FPC and carrier board business together. Localized dividend company in 2018. The production capacity in 2018 is mainly concentrated in Jiangmen Sunda (Phase 1 and Phase 2), Shenzhen Sunda, and Dalian Sunda.
The company actively expands production capacity and prepares for the new PCB cycle brought by the Internet of Everything in the 5G era.

In 2019, the Zhuhai Chongda project is expected to add 2.1 million square meters per year, and the planned capacity of the third-phase project is 6.4 million square meters per year. It is expected that the annual output value will reach 4 billion yuan after reaching capacity.

The company’s announcement in June is intended to be 2.

Nantong Chongda Semiconductor Technology Co., Ltd. was established with USD 100 million. The planned products include IC carrier boards and 5G high-frequency high-speed boards. The output value is expected to be USD 5 billion.

In addition, Suntech (Zhuhai) and Nuowei (Kunshan) will further increase production capacity, with future output value plans of 4 billion and 1 billion, respectively.

We believe that the company’s PCB production capacity is upgraded to a new 5G cycle to consolidate the production capacity foundation, and the FPC and carrier board business will benefit from the domestic domestic substitution bonus.

Earnings Forecast and Estimates We expect the company to achieve operating income of 40-20 in 2019-2021.

03 billion, 49.

2.4 billion, 63.

520,000 yuan, with annual growth of 9 yuan.

50%, 23.

00% and 29.

00%; net profit attributable to shareholders of the parent company is 6.

5.1 billion, 8.

54 ppm and 11.

39 ppm, an increase of 16 per year.

16%, 31.

14% and 33.

36%; EPS are 0.

78 yuan, 1.

02 yuan and 1.

36 yuan, corresponding to 25 for PE.

41, 19.

38 and 14.


In the next six months, the first coverage will be given to the “overweight” rating.

Tongkun Co. (601233) 2018 Annual Report Comment: PTA Prosperity Increased and Production Expanded to Consolidate the Leading Position of Polyester Filament + PTA

Tongkun Co. (601233) 2018 Annual Report Comment: PTA Prosperity Increased and Production Expanded to Consolidate the Leading Position of “Polyester Filament + PTA”

Event: On March 13, the company released its 2018 annual report, achieving operating income of US $ 41.6 billion, an annual increase of 27%; net profit of 21.

2 ‰, one year + 20%, that is, net profit of -3 in 2018Q4.

800 million, slightly lower than market expectations.

At the same time, the company announced a 2.3 billion convertible bond plan for 50-inch intelligent super-simulation fiber projects and 30-year green fiber projects.

Comment: In 2018, the prosperity of PTA improved, and the company’s capacity expansion fully benefited.

According to the industry data we observe, the average price of polyester filament POY increased by 1185 yuan / ton, and the average price difference increased by 23 yuan / ton; the average price of PTA increased by 1287 yuan / ton, and the average price difference increased by 217 yuan / ton.

The price trend rose first and then fell. It was the highest point in September 2018, and the highest quarter of 2018Q3.

In 2018, the company added 120 tons of polyester filament production capacity, increased filament production capacity to 570 tons, and polymerized production capacity of 520 tons. The second phase of Jiaxing Petrochemical PTA was successfully opened and the PTA production capacity increased to 370 tons.

In 2018, the company achieved sales of 451 tons of polyester filament and approximately 350 tons of PTA output.

According to our feed, the gross profit per ton of polyester filament is about 1063 yuan (including PTA benefits), then +215 yuan / ton.

Initial realization of net profit 21.

2 trillion, a single ton net profit of 470 yuan; of which, the PTA sector (Jiaxing Petrochemical) achieved a net profit of 8.

900 million US dollars, net profit per ton is about 250 yuan; polyester filament segment achieved net profit12.

3 trillion, net profit per ton is about 270 yuan.

In 2018Q4, the plunge of the filament was damaged, and in 2019Q1, the filament was generally profitable, but the PTA was acceptable.

Affected by the rapid price increase in the third quarter of 2018 and the decline in demand growth in the fourth quarter of 2018, the prices of polyester filament and PTA fell sharply in the fourth quarter of 2018, and the fourth quarter performance was significantly affected by inventory losses.

At the end of the year, the company accrued 2.

The impairment loss of 900 million assets has been fully reflected in the decline in inventory losses.

According to the industry data we observe, in the first quarter of 2019, the average POY spread of polyester filament yarns was -271 yuan / ton, the average price difference of FDY + 313 yuan / ton, and the profit of the filament was weak; but the average price difference of PTA was only +117 yuan /Ton, profitability is still acceptable.
In terms of price, both filament and PTA increased slightly.

We expect the company’s 2019Q1 performance to exceed the downturn, but the 2019 PTA market is still worth looking forward to.

With the gradual commissioning of private large-scale refining and chemical 南京桑拿网 production, the large-scale release of domestic PX capacity will lead to a partial transfer of PX profits to downstream “polyester filament + PTA”, and “polyester filament + PTA” will continue to profit and remain stable.

In terms of PTA, increasing production capacity in 2019 exceeds the supplementary demand, and the spread is expected to further expand.

Expansion of production strengthened the “polyester filament + PTA” leading accessories.

The company’s existing polyester filament production capacity is 570 to 2020, and it plans to increase another 120 to 690 tons in 2019, focusing on production in the second quarter of 2019.

After 2019, there are 290 tons of polyamide polyester filament and 500 tons of PTA production expansion plans.

The company’s PTA increased production capacity to cover its own polyester 杭州夜网 filament demand and realized the integration of “polyester filament + PTA”.

With the expansion of downstream production capacity, the company will form a demand gap in raw material PX. ZPEC Phase I is expected to reach capacity in the second half of 2019.

The company owns a 20% stake in Zhejiang Petrochemical’s 4,000 preliminary refining and integration project, and the first phase of 2000 will reach production in the second half of 2019.

While completing the upward integration, investment income will also increase significantly.

Maintain “Buy” rating and adjust target price to 15.

3 yuan.

Based on a cautious estimate of polyester filament market, we maintain 2019 EPS as 1.

37 yuan, lowered the EPS in 2020 to 1.

66 yuan (was 1).

37 yuan and 1.

71 yuan), plus 2021 EPS is 2.

12 yuan.The current sustainable corresponding PE is 10/8/6 times.

Due to the upward movement of the overall market assessment, we averaged 11 in 2019 based on industry comparable companies.

The 1x PE calculation target price is 15.

3 yuan, maintain “Buy” rating.

Risk warning: the end of the filament boom cycle; the PTA boom is worse than expected; the production progress and profit of the Zhejiang Petrochemical project are worse than expected.

Tianqi Lithium (002466): Advancing in Adversity

Tianqi Lithium (002466): Advancing in Adversity

Core point: semi-annual report: net profit attributable to mother in the first half of the year 1.

The 930,000 yuan company released its 2019 Interim Report 苏州桑拿网 and achieved revenue of 25 in the first half of the year.

9 trillion, minus 21.

28%; net profit attributable to mother 1.

9.3 billion, a decrease of 85.

2%; EPS is 0.

17 yuan / share, the same reduction of 85.


The company expects net profit attributable to mothers to be 2-2 from January to September.

500 million, a reduction of 85% -88%.

Revenue was 13.

3.7 billion, 12.

5.3 billion, net profit attributable to mothers was 1.

11 ppm, 0.

820,000 yuan, the second quarter revenue fell 6.

3%, net profit doped 21%.

The company’s H1 performance exceeded the main level due to the decline in lithium prices (average price of H1 lithium products 7).

RMB 990,000 / ton, down 38% in half a year; sales of lithium products1.

94 at least, a year-on-year increase of 18%), the decline in Q2 performance was mainly due to the growth rate of lithium product sales (Q2 lithium product sales fell 14%, the average price rose 0.


Company H1 lithium concentrate sales 18.

99 ounces, a decrease of 11%, with an average sales price of 5,469 yuan / ton, an increase of 1


In addition, the increase in M & A loan interest rates is also a leader that leads to the maximum expansion of the company’s H1 performance (the company H1 only generates 8 M & A loans.

61 billion US dollars in expenses, offsetting SQM investment income2.

After 4.8 billion, net interest on borrowings is still increasing 6.

1.3 billion).

(Allocation letter of reply) M & A loan principal and interest payment is the company’s main task. The company’s main task is to solve the problem of M & A loan principal and interest payment. According to the rights issue response letter, the company needs to repay the principal of the M & A loan from 2020 to 2023.twenty four.

75, 24.

7.53 billion yuan.

In 2019, the company’s proposed rights issue will not raise more than 7 billion U.S. dollars. As of June 30, the company still has more than 4 billion U.S. dollars of remaining public offering bonds, 53

$ 5.8 billion in unused bank credit and beyond.

$ 6.8 billion in monetary funds.

The 北京夜网 company can ensure the repayment of the principal of M & A loans through various financing methods.

The profit forecast and investment proposal do not consider financing such as rights issue. It is expected that the company’s EPS for 2019-2021 will be 0.

08, 1.

82 yuan / share; considering the company’s leading region and the future growth of the company and the industry, maintain a reasonable value before 28.
The judgment of 0 yuan / share remains unchanged, and the rating of “Buy” is maintained.

Risk Warning: Low-expected financing progress such as rights issue; low-expected progress of new projects.

Why is it difficult to detect and diagnose?How should Japan cope with new coronary pneumonia?

Why is it difficult to detect and diagnose?How should Japan cope with new coronary pneumonia?
People’s Daily Online, Tokyo, February 27 (Sun Lu and Li Muhang) At 19:30 on the last 27th, Japan confirmed a total of 895 people infected with the new coronavirus (“Diamond Princess” 705).Among them, 35 people were infected in Tokyo and 39 people were infected in Hokkaido.With the increasing number of new coronavirus infections in Japan, how to seek medical treatment promptly when there is a persistent fever or cough, how to receive more tests and reduce the disease, and how to initiate active treatment after the infection appearsThe Internet has 无锡夜网 sent many complaints from Japanese people about the government’s efforts to prevent and control the government.Netizens are difficult to detect and difficult to diagnose at home. Observe the anxiety at home. Japanese netizen “Emi’s four brothers’ mothers” left a message: The 9-year-old man has a fever of more than 37 in 4 days.Coughing more than 5 degrees and called the New Crown Virus Counseling Center, but the other party said “only people who have been to China or have been in contact with a positive patient can be examined.”In this case, there are probably tens of thousands of Japanese invisible new crown virus carriers, right?Two days later, my legal last hope was to call the health center again, and I repeated the information about my husband ‘s condition (travel experience in Canada and the United States), the situation of the children, and the doctor ‘s instructions, 杭州夜网 while crying.I hope they can agree to check the child.However, the answer was still that the inspection could not be performed because the inspection conditions were not met.Japanese netizen carnism commented that because of work, last week, he had contact with people who had just come from China, and now he has had a fever of 38 degrees and a cough.This is the case, and the hospital and the health center in Kagawa Prefecture do not test for viruses.Is it due to retina infection?Subsequently, a Japanese netizen named Junko Yamada left a message and suggested that carnism go directly to the hospital for examination.Carnism reluctantly replied: “The hospital responded to me that if it was not the designated New Crown Virus Hospital, it would not be able to perform the test.I went to the designated hospital today and said my condition. The other person said that my CT showed that it was not pneumonia, and the cause of the symptoms was not known. “Similar messages from Japanese people have appeared frequently on Japanese social networks recently, and many families have suffered because they cannot be diagnosed.Professor Akira Okada of the former National Institute of Infectious Diseases expressed dissatisfaction with the advance detection instructions on a Japanese TV program.(Picture snapshot video screenshot) According to the Tokyo Metropolitan Infectious Disease Information Center, the patient’s condition will be reported to the health center through the original medical institution, and the boot decides to check related matters.Inspections were performed by the local health research institute and the National Institute of Infectious Diseases.General medical institutions do not test patients.In other words, fever patients first go to a nearby clinic for medical examination. If they are suspected of contracting new coronavirus, the clinic will report to the health center, and the health center will send the test samples to the research institution for examination.Regarding the current testing process, the former National Institute of Infectious Diseases, Professor Okada Okada, on a Japanese TV program, provided that the current testing and treatment indicators adopted by the Japanese government only provide PCR testing for severe patients with new coronavirus.Pain turns into resentment, which can lead to a cliff-like shift in cabinet support.According to the latest survey results by Sankei Shimbun in Japan, Abe ‘s cabinet approval rate has replaced 36.2%, the unsupported rate rose to 46.7%, this is the first time since July 2018 that the non-support rate is higher than the support rate.The director of the Medical Government Research Institute and the physician Shang Changzheng said that patients who want to be tested should be tested whether they are mild or severe.Shang Changzheng said that there are currently hundreds of testing companies in Japan. Even a small testing company can test about 100 quarantine samples a day. The unit that Japan can test a day is 100,000.The degree of virus infection can be known only by detecting mild patients, and now only detecting severe patients, it is impossible to grasp the situation of most patients.[1][2][3]

Fund returns reached 6251 trillion in the first half of the year

Fund returns reached 6251 trillion in the first half of the year

Original title: The total return of public offering funds in the first half of the year reached 6251 million. China Securities Shanghai 50ETF surpassed Tianhong Balance. Baoshou China Securities Shanghai 50ETF holders earned 135 in the first half of this year.

5ppm, ranked first, Tianhong Yingbao was 112.

US $ 9.2 billion was followed closely by our reporter Wang Mingshan, who replaced the stock market bond market in the first half of the year, and the returns of all public funds were also settled, although it is nearly a month before the fund companies disclosed the 2019 fund semi-annual report.Time, but based on the changes in the fund size of each fund and its unit net value, it has been possible to measure the return of public funds in the first half of this year.

  ”Securities Daily” reporter calculated that after experiencing a rebound in the A-share market in the first half of this year, public fund products continued to bring considerable returns to their holders at the same time. 5,559 fund products in the public fund market held a total ofSomeone brought in a return of $ 625.1 billion, and the equity funds performed well, bringing a total of 2686 to the holders.

7.1 billion yuan total return.

  It is worth mentioning that due to the A-share market’s surge, the most profitable fund in the first half of this year is no longer Tianhong Yu’ebao. The China Securities 50 ETF replaced it. The fund held a total of 220,000 households in the first half of this year.People bring 135.

500 million yuan reward, each holder can get an average of 6.

160,000 yuan reward.

  In the first half of the public offering, a total of 625.1 billion yuan of equity funds eventually became profitable. “Big households” still remember the dismal performance of the stock market in 2018. In the public fund market, almost all of the equity funds were wiped out. Currency funds and bond funds took on the heavy responsibility of making money for investors.Tianhong Yingbao brought a total of US $ 50.9 billion in returns to this holder last year, but it is still difficult to recover the overall make-up of the public funds.

According to statistics, the average of stock funds and mixed funds was expected to be about 539.4 billion last year.

  The time has come for the first half of 2019. The A-share market swept away last year’s downturn and began to grow comprehensively.

Equity funds in the public fund market have also benefited from this and the net value has picked up. They have gradually recovered the “lost land” in 2018. There were 27 equity funds that reached 50% in the first half of the year. Leveraged tiered funds have also been staged.Net worth doubled.

  Against this background, a reporter from the Securities Daily also sorted out how the public offering funds made money for the majority of citizens in the first half of this year. According to the latest size of a single fund at the end of each quarter and the increase in the net value of the fund units in the following quarter, the reporter calculatedFindings: In the first quarter of this year, public funds raised a total of 5,232.

1ppm, in the second quarter of this year, public funds raised a total of 1018.

900 million yuan.

According to preliminary calculations, 5559 fund products brought a total of 625.1 billion returns to this holder in the first half of this year.

  Obviously, in the first quarter of this year, equity funds became a major hit because these products became the most profitable fund products in the first half of this year.

“Securities Daily” reporter combed and found that in the first half of this year, 2,460 equity funds (including 316 ordinary stock funds, 760 partial equity mixed funds and 1384 flexible allocation funds) caused a total of 2686 to the holders behind.

71 trillion total return, and the index fund made a total of 1365 for this holder in the first half of this year.

6.8 billion yuan.

  However, the bond market’s income in the first half of this year, the bond fund’s income in the first half of this year is also greatly discounted, 1622 bond funds in the first half of this year made a total of 471 for investors.

5.3 billion.

Currency funds have experienced both growth in size and yield, and their ability to make money is not as good as before. In the first half of this year, 379 currency funds brought 853 to the majority of holders.

$ 5.5 billion return.

  The China Securities 50 ETF has become the “most profitable fund” in the first half of the year. Whenever it comes to making money funds, it cannot bypass Tianhong Yuebao, the largest money fund in the public fund market.

As of the end of the second quarter of this year, the 南宁桑拿 latest size of the money fund was 1.

03 trillion yuan, and the total size of all currency funds in the public fund market is 7.

At 71 trillion yuan, Tianhong Yingbao, the fund, picked up the money fund13.

36% scale.

  Because of this, Tianhongyingbao has also been able to bear its huge scale, and stable returns have become the “most profitable fund” in the public fund market in recent years. Tianhongyingbao’s 2018 annual report shows that until the end of 2018, the fund sizeIs 1.

13 trillion, a total of 50.9 billion in earnings for investors, making an average of 1 per day.

3.9 billion yuan, the number of holders is 5.

8.8 billion households, equivalent to one remaining Bao customer for every 3 Chinese people.

  However, in the first half of this year, Tianhong Yingbao temporarily lost the throne of the “most 厦门夜网 profitable fund”.

“Securities Daily” reporter noticed that China Securities 50 ETF made money 135 for this holder in the first half of this year.

500 million, surpassing Tianhong Yingbao’s 112.

9.2 billion U.S. dollars, temporarily topped the list of “capacity to make money”. These two funds are also the only two funds with a profitability of more than 10 billion U.S. dollars in the first half of this year.

  Unlike Tianhong Yingbao’s “national wealth management” attribute, the relative number of holders behind the China Securities Shanghai 50ETF is relatively inaccurate. According to the 2018 annual report, there are 220,000 holders behind the fund.Someone can get 6.A return of 160,000 yuan.

Among them, the proportion of institutional investors behind the fund is 68.

64%, Central Huijin, Guotai Junan, China Life, CITIC Securities and other institutions appeared in the top 10 holders of the fund.

  Among equity funds, E Fund’s consumer industry stocks made the most money for holders in the first half of this year, and the fund’s return in the first half of this year was as high as 56.

33%, bringing a total of 56 to this fund holder.

6.4 billion returns.

At the end of 2018, there were 113 behind the fund.

930,000 household holders, based on this calculation, each holder can get an average of 4,971.

47 yuan in return.