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[How to eat papaya breast enhancement and acceleration]_ papaya _ breast enhancement _ how to eat

[How to eat papaya breast enhancement and acceleration]_ papaya _ breast enhancement _ how to eat

Papaya is a common fruit in life. It has good taste and high nutritional value. Regular consumption of papaya can achieve breast enhancement and beauty effects. It is very good for females. There are many ways to make papaya. It can also be used to nourish the body.It can also be made into desserts. Papaya can be used for soup and breast enhancement for better results.

How to eat the most papaya breast milk: Material: 150 grams of papaya (about 1/4 large papaya), a cup of milk, 1 tsp of sugar (can be added with honey) Practice: Peel the papaya, cut into pieces.

Add 200cc into the juicer.

Fresh milk and sugar, stir at medium speed for a few minutes.

How to eat: Take one cup a day and eat it immediately after preparation. In order to maintain the flavor and nutrition, keep it for no more than 30 minutes in winter and no more than 20 minutes in summer.

Effect: Calcium in fresh milk, vitamin C in papaya, papaya enzymes are all good for slimming and beauty.

Drinking for a long time will make your body better, and your skin will become moisturized.

Papaya milk coconut juice ingredients: 1/2 papaya, 250cc fresh milk, 1 tablespoon of honey, 50cc coconut juice, 1/2 cup of crushed ice (no ice in winter).

Method: Peel and cut the papaya, remove the seeds and cut into pieces. Put all the ingredients in the juice machine and stir for about 30 seconds, then pour out.

How to eat: Take a cup a day and add it as soon as you make it.

Efficacy: Beauty and weight loss can effectively restore fatigue, and it is also very helpful for people with indigestion.

Papaya orange juice ingredients: 1 papaya, 130g oranges, 50g lemons.

Method: Peel the papaya first, remove the seeds, wash and chop them, and mash them for juice.

Cut the oranges and lemons, squeeze the juice and mix with the papaya juice, stir well.

Efficacy: This product can make the skin smooth, but also helps digestion and moisturize the intestines. It is a must drink for women.

Papaya Oatmeal Milk Juice Ingredients: Half peeled papaya, 400 ml whole milk, 1 tablespoon oatmeal, and honey as appropriate.

Method: Cut the papaya into pieces, stir with whole milk to make a juice, add instant oatmeal, and then add sugar as appropriate.

How to eat: When eating breakfast Effect: Long-term eating can lose weight and moisturize the skin.

[How to squeeze watermelon juice is delicious_How to squeeze watermelon juice is delicious]

[How to squeeze watermelon juice is delicious_How to squeeze watermelon juice is delicious]

The method of making watermelon juice is relatively simple. We just need to remove the watermelon meat, then put the watermelon meat in the juicer and squeeze it out. For specific methods, we can understand the steps introduced in the article and try watermelon juiceway of doing.

Watermelon juice is more suitable for summer and summer, because summer is the season in which watermelon is abundant. At this time, watermelon has the highest nutritional value, which is good for hydrating and reducing heat.

How watermelon juice is squeezed The watermelon is called “the king of midsummer”. It is refreshing and quenches thirst. It tastes sweet and juicy.Rich in vitamin C and other substances, it is a rich, high-nutrition, pure, safe food.

Eliminate edema, diuretic and other effects.

It is also the best product for summer heat and thirst quenching.

Method / step: Put the watermelon in the refrigerator and make ice cubes.

Take out the watermelon and peel and cut into pieces. Put the cut watermelon pieces into the blender.

Add half a cup of purified water, ice cubes, and honey, slowly adjust from low speed to high speed, and stir for about two minutes.

Watermelon juice stirred with a cooking machine, the seeds are also crushed, you can stir directly without filtering.

The taste is sweet and delicate, and the taste is better after freezing.

Summer is very popular.

Note: Do not add too much pure water, because watermelon and ice cubes are already full of moisture.

You can add half a lemon to stir according to personal taste, the taste will be better.

What are the benefits of watermelon juice? Watermelon vitamins A, B1, B2, C, glucose, sucrose, fructose, malic acid, glutamic acid and arginine, etc., have the effect of clearing heat and relieving heat, urinate, lower blood pressure, thirst for high fever, Heat and sweating, nephritis, oliguria, hypertension, etc. have certain auxiliary effects.

Watermelon juice contains many important health and beauty chemicals.

These nutritional ingredients of watermelon are easily absorbed by the skin, and have good moisturizing, nourishing, sunscreen and whitening effects on the skin.

Drinking watermelon juice gets angry. Drinking watermelon juice won’t get angry.

Nutritionists say that watermelon is sweet and cool, and it is a cool fruit. It has the effect of detoxifying and detoxifying, removing irritability and thirst, and also has a diuretic effect. A variety of nutrients are excellent fruits for summer heat, and eating watermelonIt also definitely does not cause anger.

Even eating watermelon during pregnancy has many benefits, and eating watermelon during breastfeeding also has many benefits.

The diuretic effect of watermelon, so eating watermelon during breastfeeding can solve the problem of postpartum constipation.

In addition, eating watermelon can also increase milk secretion.

Can pregnant women drink watermelon juice, but you must ensure that the food is clean and your blood sugar is normal. Check your blood sugar regularly during pregnancy. Do a blood glucose tolerance test around 26 weeks. If you have signs of gestational diabetes,You must control sugar intake, because watermelon is rich in sugar, you can not eat too much, just 2-3 or two a day.

Of course, even if you are all healthy, you ca n’t eat too much. You can eat it properly and comfortably, and eat it at room temperature. Frozen food will irritate your stomach, which may cause diarrhea and abortion.

[How to make Xiaogan rice wine]_How to make_How to make

[How to make Xiaogan rice wine]_How to make_How to make

Xiaogan rice wine can be said to be very famous. Many people come to this place in order to be able to drink Xiaogan rice wine. In this way, they can drink the most authentic rice wine taste. However, some people still do it because of the easier work.I chose to learn how to make this kind of rice wine at home. In fact, the method is relatively simple, but the most important thing is to master the proportion of my own formula.


Rice wine dumplings: rice wine round rice: using high-quality white glutinous rice as raw materials, processed into glutinous rice flour after water immersion and water milling, and kneading water milled rice flour into small round rice for later use.

After the above-mentioned white glutinous rice is steamed, it is expanded and yeasted in a certain proportion. After a few days, the flavorful, sweet and glutinous rice wine is completed.

Bring the water to boil, and wait for it to float to the surface. Add rice wine, sugar, and egg syrup, stir well, and sprinkle it with sugar and osmanthus.

2. Rice wine Tremella: 25 grams of dried Tremella.

100 grams of glutinous rice wine and 400 grams of sugar.

Cooking method: 1. Soak the white fungus in warm water, remove the black roots, wash the sediment, soak the hair with boiling water to make it slowly swell, simmer it with boiling water, remove it and put it in a bowl, add boiling water,White sugar, steamed in a basket.

2. When taking the dishes, pour the steamed white fungus into the pot, add glutinous rice wine and boil, adjust the sweetness, and put it in the bowl.

The special soup is thick and sweet and nutritious.


Cherry rice wine: 250 grams of fresh cherries as main ingredients, 75 grams of rice wine, 10 grams of fresh peas, 200 grams of white sugar, and 0 sweet-scented osmanthus.

5 grams.
Cooking method: 1.

Wash the cherries, remove them, top them with a toothpick, and keep the shape.

Stir the rice wine with chopsticks.

The peas are boiled in boiling water, cooled in cold water, and drained.


Set a wok on the fire, simmer 600 grams of water and boil, add rice wine and stir well, add sugar, cherry, peas, sugar and osmanthus, boil, skim the noodle soup, remove from the heat, and pour into the soup bowl to serve.

Process key: 1.

For sweetness, add a little salt, instead of freshness, add salt, it is sweet but not greasy.


Skim the floating foam after boiling, the juice is clear.

Flavor characteristics: 1.

Cherries are also known as peaches.

There are many varieties, such as Zhu Ying, Zi Ying and so on.

Rice wine cherry appeared as a beet of high-end banquets. One was timely, and the other was sober, which won the favor of diners.

Because this dish is accompanied by fresh peas, it looks like agate (cherry), jade (pea), and broken jade (rice wine).


The dishes are red, green and white, sweet, as sweet as honey and slightly sour.


Rice Bone Fishbone: This is a strange alternative. The edge is from a smart fisherwoman housewife at the seaside. Typical southern cuisine is, to be precise, typical Ning cuisine.

The remaining fish bones made from fish noodles are marinated with distiller’s grains from wine making, and the two kinds of “waste” are kneaded together to cultivate a delicious and long-lasting delicacies that men will never forget.

When family life is facing the most embarrassing but most unavoidable emotional crisis, it is necessary to get this strong tilt, tightly tighten the muscles of men, so that they do not forget the original.

A shares break 3000 points: funding activity rises, technology stocks become accelerators

A shares break 3000 points: funding activity rises, technology stocks become “accelerators”

Deal breaks trillion trillion technology stocks and starred in structural cattle!

Come to Sina University of Finance and listen to the opening column of the Trading Day Financial Morning Post.

  Original title: A shares broke 3,000 points!

Fund activity has increased, and technology stocks have become “accelerators”. After midday, A shares finally stood at 3000 points again.

  On February 20, the A-shares stood at 3000 points again.

  The brokerage sector led the gains strongly, and continued to cut papers. The growth rate of the brokerage firms at the end was driven by the sector.


In addition, electronic components, catering and tourism related stocks also performed well.

Among the 223 stocks in the electronic component sector, 185 stocks increased, including the daily limit of more than ten stocks including Jinlong Mechanical and Electrical, Runxin Technology, TCL Technology.

In the catering and entertainment sector, only one individual stock fell, and the decline was less than 1%.

  After the Spring Festival, incremental funds entered the market. Yesterday, the transaction volume of the two cities exceeded the 1 trillion mark for the first time. The over-raising of public fund products on the first day abound.

In this round of rising prices, technology stocks have become one of the main driving forces of growth and it has become a fact that cannot be ignored.

  After 3000 points, whether it is reasonable or whether to continue to oscillate upwards has triggered discussions.

Whether it is greed or fear, investors are again asked to judge.

  Fund activity continued to rise The Shanghai Index hit 3,000 points for three consecutive days without success. Yesterday, the Shanghai Index broke through 2990 points several times during the session. In late trading, the electronic technology, pharmaceutical manufacturing, and aerospace and military sectors fell down.Days continued to sort out slightly below 3000 points.

  The index that has been under pressure for more than 3,000 points today has finally broken through today, which has nothing to do with the market activity brought by the incremental funds running into the market after the Spring Festival.

  On February 17, according to data released by China Clearing, the A-share market added 80 new investors in January.

07 million people, the number of investors at the end of the period is 1.

6.1 billion people, an increase of 8 over the same period last year.

8% is the first time that the number of A-share investors has exceeded 1.

6 billion.

  On February 19, 2020, the transaction value of the A-share market exceeded 1 trillion, reaching 1.

03 trillion yuan, after April 8, 2019, exceeded 1 trillion yuan for the first time.

The total turnover of all A shares in 2018 was 89.

6 trillion, reaching 126 in 2019.

9 trillion, an increase of 41 in ten years.


  From the data point of view, the number of long-term A-share investors is growing.

It was 1 in January 2018.

1.9 billion people, compared with 1 in January 2019.

48 billion people, with a CAGR of 11% from 2018 to 2020.

The continuous increase in the number of A-share investors has provided a basis for participants in the market and a good market basis for the development of financial IT.

  Since 2020, the trading volume of A shares has continued to increase. In January 2020, the total A conversion turnover reached 11.

19 trillion, an increase of 71 in ten years.

5%, compared with the average monthly transaction volume in the fourth quarter of 20199.

1 trillion increased by 23%.

As of February 19, the average daily volume in February was 0.

87 trillion, which is 0 compared with the average daily turnover in January 2020.70 trillion increased by 24%.

The increasing trend of A-share transaction value has gradually formed.

  Since the beginning of the year, foreign countries have continued to flow into the A-share market.

As of February 19, as the main channel for foreign purchases of A shares-northbound funds, this year’s gradual net inflow has reached 775.

3.7 billion, net purchases of 37 in a single day.

4.5 billion.

  Yang Delong, chief economist of Qianhai Open Source Fund, expressed confidence in the market to the First Financial Reporter. He believes that after the epidemic is over, it will not be too deep. Instead, the market will gradually stabilize and continue to rise, especially the suppressed consumer demand willIt will usher in a retaliatory rebound, which will lead to a significant improvement in the profit and cash flow of consumer companies.

  Guosheng Securities stated in the research report that the implementation of the new rules for refinancing will bring high-quality small and medium-sized growth stocks an opportunity to grow bigger and stronger, and will also increase investors’ risk appetite and increase the valuation premium.

The policy may continue to exert strength in the near future. The policy factors will continue to promote the market trend. The liquidity environment will maintain a reasonable level of internal sufficiency. The market is expected to enter a period of shock and consolidation. The short-term increase is large and there is some pressure.The upward trend will not change.

  Guosen Securities believes that overcoming the epidemic situation is developing in a better direction, as well as certain stable growth policies, support for resumption of labor and other measures have been implemented, and market sentiment has been repaired.

After continuous pick-up, the short-term market may have shocked and digested demand, but the focus of the trend will continue to be strong, and the characteristics of active structure are expected to continue, and it should be held mainly.

  Technology stocks become A-share “accelerators” The recent A-share market, especially the technology sector, has been caused by the excess liquidity environment.

The market view believes that after the resumption of work and the counter-cyclical adjustment policies have not yet been implemented, the ultra-macro liquidity cannot enter the real economy for a short time, so excess micro-liquidity is formed, and explosive funds are everywhere.

  Since 2020, technology-based ETFs have also demonstrated their ability to absorb funds.

Taking Baohua CSI TapETF as an example, as of February 17, a total of 82 have been reached.

6.9 billion copies, eight times the number in August 2019.

In terms of fund declarations in the last three months, there are 14 technology ETF funds from 8 publicly-funded funds under review. The goods have been approved for release, involving semiconductor chips, artificial intelligence, cloud computing and big data.Technology topics such as blockchain.

As long-term funds continue to enter the technology ETF, the issuance of a large number of technology ETFs will attract more incremental funds to the technology sector, thereby further pushing the technology sector upward.

(The picture shows the technology ETF to be approved or approved for issuance in the last three months) Tianfeng Securities believes that the global 5G industry cycle, global cloud service cycle, global new energy vehicle cycle, and global semiconductor cycle are unfolding, with medium and long-term performance.Technology ETFs supported by the market and market popularity will be replaced by long-term funds, which can avoid individual stocks stepping on the thunder, reduce changes, and enjoy the dividends of the technology industry cycle.

In the process of these medium and long-term funds entering the technology ETF fund, it will in turn further promote the upward movement of the technology sector and the issuance of more technology ETF funds.

  The research results of UBS’s quantitative research team show that international and domestic investors are now moderately overweighting consumer staples, and the scale of overweighting by international investors is larger than domestic investors.

International investors also distinguish themselves with super-optional consumer goods.

Instead, domestic investors are overweighting China’s technology sector.

  Domestic investors appear to be more sensitive to the long-term growth triggered by the new crown pneumonia epidemic: the increasing digitalization of households, businesses and 无锡桑拿网 governments.

If SARS has taught Chinese people how to buy and sell goods online, then the new crown pneumonia epidemic is teaching more people to buy and sell services online and work remotely.

Given the scarcity of growth, UBS is bullish on the post-epidemic structural converter, the digital ecosystem.

  Huatai Securities said that financial IT leaders will benefit from the continuous increase in the number of A-share investors, the increase in turnover, the formation of policies, multiple factors into the loose cycle and the development of downstream financial markets.

With the continuous advancement of financial innovation, financial IT leaders may enjoy the double dividend of increasing demand and increasing value in the development of downstream markets.

Leibao Hi-Tech (002106): Stylus pen penetration enhances new products and enhances company profitability

Leibao Hi-Tech (002106): Stylus pen penetration enhances new products and enhances company profitability
Event: The company released its 2018 annual report and achieved operating income44.2 ‰, an increase of 10 per year.7%, gross margin level is 12.7%, down by 1 each year.8 units, net profit attributable to parent company is 2.25 ppm, an increase of 59 per year.7%, net profit is 0.32 yuan, up 60 every year.0%.The company achieved operating 苏州夜网论坛 income of 12 in the fourth quarter.600 million, an increase of 9 per year.4%, net profit attributable to shareholders of listed companies was 52.43 million yuan, an increase of more than 16%.5%.The profit distribution plan for 2018 is to distribute cash dividends for every 10 shares1.00 yuan (including tax), no bonus shares, no capital reserve will be converted into share capital. Touch notebook computer market penetration, the company’s new product expansion is smooth: the company’s 2018 annual sales revenue increased by 10.7% is 44.US $ 200 million, which basically maintained stable growth. During the process of increasing the penetration rate of the touch-type notebook computer market, the company has maintained a long-term good cooperative relationship with the core notebook computer manufacturers around the world. In the 杭州桑拿网 process of industrial development,Obtained multiple ideal order sizes.In terms of products, the company developed new products such as OGM and SFM on the basis of OGS to replace terminal products. In 2018, it obtained an alternative distribution of viewing orders, so the company has increased the unit price of its products.From the perspective of income market distribution, overseas markets are still the company’s core source of income, and domestic mobile terminal brands such as Huawei and Xiaomi have gradually expanded to the notebook computer market. The company is expected to obtain more abundant customer channel resources in the domestic market. The gross profit margin is affected by the proportion of externally purchased parts, and the increase in R & D investment will not change the company’s net profit: the company’s gross profit margin fell in 20181.Eight is twelve.At 7%, the decrease in gross profit margin was mainly due to the increase in the outsourced part of the company’s costs, so the company’s operating profit margin and net profit margin both improved.Favorable fluctuations in exchange rates also have a positive effect on corporate profits.In terms of operating expense ratio, the continuous increase of research and development expenses is the core of the company’s continuous improvement. The research and development expense ratio increased by 0 in 2018.Six is four.0%, and other expense ratios have basically remained stable. Internal and external extension of business in 2019, capital investment to ensure market competitiveness: The company disclosed the performance forecast for the first quarter of 2019. It is estimated that the net profit attributable to shareholders of the listed company has achieved loss, and product demand, especially for new products with high added value, has increasedPromoted the growth of the company’s gross profit margin, and the changes in exchange rate fluctuations were relatively favorable.Looking at the company’s future plans, expanding the production base in Chongqing to include new high-value-added negative evaluations such as OGM and SFM. Your continuous expansion depends on R & D investment and capacity building. Other alternative companies will also improve their products through episodic expansion.Therefore, we believe that in 2019 the company needs to ensure the growth of its endogenous and extended expansion and improve market competitiveness through effective capital operation. Investment suggestion: We predict that the company’s earnings from 2019 to 2021 will be 0.37, 0.42 and 0.49 yuan.Return on net assets were 6.4%, 6.7% and 7.2%, maintain rating to increase holdings-A recommendation.We believe that the company’s fundamentals can remain stable under the conditions of matching existing production capacity and customer size, and product upgrades will continue to advance. In the future, if opportunities for rapid growth are needed, the rapid penetration of domestic manufacturers or the rapid introduction of new products are required.Gained market recognition and was given an overweight -A rating. Risk warning: Macroeconomic fluctuations affect the company’s end product demand; the progress of research and development and market expansion of new products including SFM is less than expected; adverse changes in the exchange rate market affect the company’s profitability.

Blond Rabbi (002762) 2018 Annual Report and 2019 First Quarterly Report Review: Channel Adjustment and Optimization Affect Short-term Performance Further Consolidate Competition for Baby Products

Blond Rabbi (002762) 2018 Annual Report and 2019 First Quarterly Report Review: Channel Adjustment and Optimization Affect Short-term Performance Further Consolidate Competition for Baby Products
The 18-year accrual of asset impairment provisions caused a 56% decrease in net profit.85%, 19Q1 net profit fell 28.51% of the company achieved revenue in 20184.5.4 billion, an increase of 5.49%, net profit attributable to mother was 39.51 million yuan, down 56.85%, deducting non-net profit of 29.45 million yuan, down 65.17%, EPS is 0.11 yuan, 0 for 10.90 yuan (including tax).Among them, the substantial net profit was mainly due to the company ‘s investment in Jiangtong Media ‘s 2018 operating results that were not as expected. It is expected that the relevant sale of financial assets will provide a reduction of RMB 30.41 million. 19Q1 revenue quarter downgraded 6.72%, the mother’s net profit is downgraded for ten years.51%, deducting non-net profit for 31 years.76%.The revenue growth rate in 19Q1 was mainly due to e-commerce channels. The net profit growth rate was lower than the direct expansion of store expansion, and the sales expense ratio increased. In terms of channels, online revenue in 18 years increased by 28 in ten years.73%, accounting for about 20%. It has been estimated that offline revenue has grown at a low single digit for 18 consecutive years. In terms of categories, in 2018, the company’s baby and child clothing, mother-to-child cotton products, and other mother-to-child products income increased by 8 respectively.81%, down 8.52%, an increase of 37.32%, accounting for 28.30%, 45.93%, 25.51%, an increase of 0 over 2017.86PCT, a decrease of 7.04PCT, up by 5.91PCT. In terms of brands, the company’s revenue is mainly self-owned brands, accounting for more than 80%. The external cooperation brands are dominated by pigeons. Other brands are mostly equity investments. In terms of component prices, volume and price contribute the most to revenue growth. In 2018, the company’s product sales and average prices increased by 3 respectively.64%, 1.78%. In terms of different regions, the company’s main sales region is South China, and East China’s revenue increased by 20 respectively.97%, down 5.46%, the other regions of Southwest, Central China, North China, Northwest, Northeast and other regions increased their income by 14 respectively.71%, down 1.50%, down 6.02%, an increase of 4.46%, an increase of 9.39%. The strategy is to create a “cooperative ecosystem for women, infants and children’s industries”. The multi-brand, omni-channel development company was established in 1996. It is an earlier domestic company engaged in the research and development, design, production and sales of consumer and maternal consumer products. The specific categories include 0?The 3-year-old infant and child product line (infant clothing, cotton, daily necessities, etc.) and some maternal and child products are mainly based on independent brands, appropriately introducing well-known foreign brands for coordinated development. Among them, independent brands have successively created “substitute” (1997)), “Rabbi” (2001), “Babilabi” (2008), respectively positioning mid-to-low-end infant clothing cotton products, mid-range infant and toddler product lines and baby care products. In the sales model, the company joins with self-employed, and the distribution (dealers can set their own prices, and franchisees need to sell at the retail price suggested by the company) as a supplement.The company ‘s “Rabbi” and “Transformation” brands are mainly sold through franchising and self-employed models; “Babilabi” and foreign brands represented by the company use the distribution model to expand the market, while using “Rabbi” and “re-” sales channelsSales. In terms of channel form, the company’s offline sales model mainly includes shopping mall counters, shopping malls and brand stores, supplemented by online flagship stores.As of the end of 2018, the total number of stores was 1,368, of which the number of direct-operated and franchised stores was 253 and 1,115, respectively, an increase of 56 over the previous year.17%, a decrease of 9.50%, covering first to fourth tier cities in China.Online channels have settled in Tmall, Vipshop,, and other companies are positioned as “domestic well-known infant and consumer product brand operators”, and strategically create a “cooperative ecosystem for women, infants and children industry”,On the basis of “wear” and “use” consumer goods, we actively explore supporting services such as mother and child health, childcare, and create a high-quality innovation platform of “products + services + Internet”. Financial overview: Pre-IPO channel expansion performance has grown rapidly, increased R & D investment after the listing, adjusted and optimized channels, and other companies that responded to weak terminal retail. The company went public in 2015. The company ‘s performance before the listing generally maintained rapid development.The compound growth rate of revenue and net profit in 2014 is 16 respectively.71%, 24.23%; the growth of income in this period mainly depends on the expansion of channels, while the compound growth rate of channels19.40%; The growth rate of net profit is higher than the growth rate of revenue, which is mainly due to the increase in brand power and the increase in gross profit margin at the same time.16PCT. The company’s revenue has decreased in 15 years, and it has been downgraded in ten years.64%, mainly due to weak terminal consumption and lower-than-expected sales; meanwhile, net profit increased by 26%.88%, the decline is more than the decline in the company’s gross profit margin and the increase in sales expense ratio. The decline in gross profit margin was mainly due to the company’s channels are mostly ordinary franchise counters. Affected by the downturn in retail department stores, the increase in sales expense ratio was affected by wages andIncreased shopping mall costs. In 16 years, the company increased investment in product research and development (the research and development expense ratio increased to more than 3%, and launched more than 2,000 new single products per year), market development efforts, and trials of franchised joint ventures, while expanding the direct management system, and income resumed growth.Increase by at least 5.99%, strengthened procurement and outsourcing processing cost control, gross margin slightly rebounded, but the sales expense ratio continued to increase so that the growth rate of net profit and income were basically the same, temporary value-added5.81%; The company’s revenue growth accelerated in 2017, surpassing value-added11.61%, investment income from net profit ownership wealth management products doubled 25.86%. In 18 years, the gross profit margin fell, the expense ratio rose, and the inventory turnover rate gross profit margin: the gross profit margin decreased by 1 in 2018.81PCT to 51.46%, mainly due to the company ‘s investigation and analysis of market spending power, actively helping franchisees / consumers, such as setting up some drainage products, increasing preferential activity schedules, etc.19Q1 gross profit margin was 56.49%, an increase of 3 over the same period last year.21PCT is mainly due to the increase in the proportion of new products with higher gross profit margins. The company’s gross profit margin is mainly affected by product pricing, channel structure, product structure and terminal promotion efforts.Product markup rate is 5?10 times, depending on different categories. Among them, the increase rate of clothing and cotton products is usually large, while the increase rate of durable products such as cribs and strollers is reduced.Before listing, the company’s gross profit margin decreased and its brand design and product design and research and development capabilities continued to increase slightly. After the listing in 2015, the terminal retail was under pressure, and the company’s gross profit margin decreased. Expense rate: Increase in expense rate during 2018 9.55PCT to 38.03%, of which the sales expense ratio is maximized to increase by 4.59PCT to 23.41%, mainly due to the opening expenses and promotion expenses of new direct-operated stores; management + R & D expense ratio increased and increased4.90PCT to 15.65%, mainly due to accelerating the cost of equity incentives for street vendors by 855 million; financial expenses extended by 0.07PCT to -1.02%. 19Q1 expenses 41.64%, an increase of 10 over the same period last year.33PCT, of which the sales expense ratio is 29.77% (+9.15PCT), overhead cost rate 12.59% (+0.21PCT), financial expense ratio -0.72% (+0.97PCT), among which the further increase in the sales expense ratio was mainly due to the corresponding increase in store expenses and promotion expenses in the context of an increase in the number of directly operated stores. During the company’s period, the expense ratio increased rapidly before listing and continued to decline slightly in the context of relatively large scales. After 15 years of listing, the transfer terminal retail was weak, and at the same time, the short-term impact of amortization of distribution and incentive costs in 2017 increased investment in researchEtc., the expense ratio showed an upward trend. Other financial indicators: 1) The company’s inventory at the end of 2018 was 2.0.6 billion, an increase of 12 over the beginning of the year.07%.In 18 years, the company’s inventory turnover rate, the inventory income ratio is 1.13, 45.39%, 1 for the same period in 2017.23, 42.73%, inventory turnover is profitable. Earlier early downgrade of the company’s inventory as of the end of March 19 4.91% to 1.9.6 billion, 19Q1 inventory turnover investment 0.20, 0 of the earlier 18Q1.24 has an advantage. 2) At the end of 2018, the company’s accounts receivable was 30.8 million yuan, a decrease of 43 earlier.34%, turnover of accounts receivable in 18 years 10.66, 9 of the same period in earlier 17 years.09 speed up. As of the end of March 19, the company’s accounts receivable increased in the earlier half of the year19.90% to 36.93 million yuan, 19Q1 accounts receivable weekly conversion calculation2.72, 1 of the earlier 18Q1.93 speeded up. 3) Investment income increased by 45 in 2018.27% to 15.4 million yuan, of which the increase in profits of joint-stock companies over the previous year caused an increase in investment income of associates and joint ventures by 58.36% to 2.92 million yuan. 19Q1 investment income exceeded value added23.54% to 4.93 million yuan. 4) Asset impairment losses increased by 681 in 2018.94% to 30.33 million yuan, of which Jiangtong Media’s 2018 operating results, which were mainly invested by the company, fell short of expectations, and related asset impairment losses were made based on the principle of prudence. 5) The net operating cash flow in 2018 was 49.57 million yuan, which is downgraded by 36 each year.70%, mainly due to the opening expenses and promotion expenses of newly added direct-operated stores. The net operating cash flow in 19Q1 increased by 127 per year.41% to 14.27 million yuan, mainly due to the decrease in the purchase and delivery settlement in 19Q1 compared with the same period last year. Brands and Products: Based on private label, and continuously enrich the category through strategic cooperation / investment. The company started from baby clothing and cotton, etc. In the early stage of development, it was mainly based on its own brand “rabi” and “past”, sales modelIt is mainly self-employed and franchised. In 2008, it independently established a new brand “Berrabi” to enter the field of infant and daily necessities, and mainly relied on existing channels such as “rabi” and “replacement” to promote brand awareness as soon as possible.After forming a certain accumulation, in 2010 began to expand the distribution channels. After its listing in 2015, the company strategically positioned domestic well-known infant and toddler consumer goods brand operators.Began dating foreign brands in 2016, and proposed to build a “Chinese women, infants and children industry ecosphere” business scale, on the basis of consolidating the leading position of China’s “wear, use” consumer goods industry, extending the industrial layout to infants and young children, Wear, use, culture, education, health, entertainment and many other products and services.From 2017 to the present, we have accelerated the ecological development strategy through investment and strategic cooperation. Channels: In response to changes in industry channels and the company’s own development needs, the company’s online and offline channel structure has continued to optimize. The company’s development is mainly based on first-tier and second-tier city department stores and supermarkets, among which the rapid channel expansion is mainly achieved through the franchise model.In recent years, the rise of one-stop mother-and-baby specialty stores, shopping malls and e-commerce, micro-commerce and other channel formats, the decline of traditional channel channels such as department stores and the franchise model have gradually exposed a number of extensive problems such as goods and supply chain management, and the company continues to adjust.Optimize your own channel structure. 1) Offline channels: In terms of channel form, the company began to explore new terminal models such as brand collection stores in 2016. With its own brand nature, it also dated other high-quality well-known brands and cross-border e-commerce businesses to enter terminal stores, increasing the joint rate., Customer unit price, etc., thereby improving the effectiveness of single stores.Beginning in 2017, the direction of store openings has turned to emerging channel forms such as shopping malls. In 2018, offline channels continued to be adjusted and optimized for penetration. From the sales model, early in the development of the company vigorously develop the franchise model, through the franchise model to achieve rapid channel expansion and market share.The company gives franchisees a discount of 3.0?5.Between 0% discounts, including discounts on clothing and cotton products, usually 3%.0?4.0% off, other baby and child durable goods discount at 4.5?5.0% off.In recent years, the company has previously established a certain brand awareness, and has gradually shifted its channels to breakthroughs and direct sales, and has vigorously expanded direct sales channels to strengthen terminal management and control. 2) Online channels: The company’s e-commerce channels started late. In 2014 and before, the company’s online business accounted for a low proportion, and the company’s internal strategic layout was not high. The online strategy mainly focused on brand promotion, shopping experience and customer service, It is best to avoid the sales impact of online channels on offline channels, 2012?The proportion of online revenue in 2014 was 0.15%, 1.65%, 4.04%. At this time, online sales are mainly dedicated to products and cutting-edge products. The e-commerce discount price is generally not lower than the promotional price of the physical store to avoid direct competition with offline. In 2015, the company gradually realized the essence of e-commerce channels, enhanced the strategic layout of e-commerce channels within the company, established independent operation of e-commerce centers, increased investment in online channels in 2016, and the company’s micro-commerce channels developed rapidly in 2017.2015?For the third consecutive year in 2017, the company’s e-commerce revenue growth rate was above 50%.In 2018, the company’s e-commerce channel revenue growth has improved, mainly due to the increase in online customer acquisition / induction costs. At the same time, the company’s dual-team management model of e-commerce is still running. At present, the company’s e-commerce channels have achieved the same price online and offline with the same price and mutual drainage / omni-channel marketing. It is expected that the e-commerce channels will continue to add momentum to the company’s development in 2019. The baby and child products leader has a bright future in the development of the mother-child-child ecosystem, and the short-term channel adjustment and optimization effect will be demonstrated.Looking into the future, the short-term benefits brought by policy loosening in developing countries; in the medium and long term, under the background of urbanization and the decline in the number of women of childbearing age, the population growth rate has gradually declined, and the industry’s growth momentum comes from the continuous upgrading of consumption. From the perspective of the industry structure, the high-end maternal and infant consumer products in developing countries are mainly dominated by international brands. In the mid-range and mid-to-high-end areas, professional infant and apparel brands are still relatively limited.Wait for a few companies. In recent years, the industry boom has attracted big children’s clothing / adult clothing brands to enter, but its professionalism still needs to be strengthened. In the low-end market, there are many infant and toddler clothing companies, mainly non-licensed or miscellaneous brands.Price competition and product homogeneity are serious.According to Frost & Sullivan, Rabbi, Laiyingfang, Yingshi are currently the top three brands in the domestic mid-to-high-end infant apparel market share, but the highest market share of individual brands is less than 2%, and the industry concentration is low. We believe that: 1) On the revenue side, the company’s online operation team continues to optimize, and the offline channels have gradually expanded from the early-stage franchise model to gradually become direct management, segmentation, and refined development. The proportion of direct sales is expected to increase. Online and offline channelsThe adjustment is continuously optimized. The channel adjustment affects short-term performance, but it will improve the overall operating efficiency of the company in the long term and wait for the company’s revenue to improve.2) In terms of expense ratio, the direct operation model is conducive to the company’s strengthening of terminal management and control, and at the same time, the opening of stores and promotion costs will increase the short-term sales expense ratio. In terms of management expense ratio, the distribution of incentive costs will be amortized for 18 years.The R & D expense ratio 深圳spa会所 is still on the rise.3) In May 2018, the company obtained the certificate of emerging enterprises.Enjoy 15% preferential corporate income in 2019.4) In June 2018, the controlling shareholders, actual controllers Lin Haoliang and Lin Ruowen planned to reduce their holdings by no more than 6% of the shares through block trading / concentrated bidding within half a year, until the expiration of the reduction plan in January 2019, during which no reduction was implemented.5) In November 2017, the company announced the public offering of convertible bonds and plans to raise no more than 3.USD 2.9 billion, spending on the intelligent production of baby and child care products and the construction of supply chain management (1.84 ppm), intelligent production of baby underwear and construction of supply chain management projects (1.US $ 4.6 billion), the project still needs to submit to the CSRC for approval.6) The company announced the draft stock incentive plan on July 10, 2017, and the actual announcement on November 22, 2017 was 12.35 yuan / share was granted to 1.79 million shares to 27 people including Dong Jiangao and core backbones, which was changed to 390,000 shares.Unlocked in three phases, the unlocking ratio of each phase is 30%, 30%, 40%.The performance appraisal target is based on 2016 operating income. 2017?Revenue growth in 2019 is not less than 10%, 25%, 35%, corresponding to 2017?Revenue growth in 2019 is 10.00%, 13.64%, 8.00%.On November 6, 2018, the company announced the termination of the implementation of the 2017 annual stock incentive plan, 6.The 97 yuan / share repurchase reorganization has for the first time granted 2.59 million shares of the entire number of shares that have not been lifted from sales (because of the 2017 equity distribution of 10 distributions 1).50 yuan, an increase of 7.5 shares), accounting for 0.73%, the budget has not been granted for implementation and also cancelled. In the future, the company will continue to promote the layout of the ecological circle and cooperate with high-quality resources that are coordinated with the company’s main industry on the industrial chain.Short-term channel adjustments affect income performance, fair incentive cost booth sales, and investment target risk accrual. Asset impairment provisions affect short-term net profit performance. Long-term companies replace the first-mover advantage in the women’s and children’s industry chain.The research and development of key products in the field will consolidate the competition barriers. After the channel adjustment and optimization are in place, performance improvement is expected.As the channel is still in the process of adjustment, it has a common impact on the income side and the expense side, and at the same time the risk of uncertainty in the continued performance of the external investment target, we lower the company 19?In 20 years, the increase in EPS forecast for 21 years is 0.19/0.21/0.22 yuan, corresponding to 34 times the PE in 19 years, maintaining a “neutral” grade. Risk warning: weak terminal retail; risk of foreign investment; channel adjustment and optimization are less than expected.

Superstar Technology (002444) Annual Report Comments: The competition pattern has improved significantly and the layout has taken shape

Superstar Technology (002444) Annual Report Comments: The competition pattern has improved significantly and the layout has taken shape

2018 performance increased by 30.

69%, continuous mergers and acquisitions + differentiated brands or help the company continue to develop rapidly. The company released its 18 annual report: the company achieved total operating revenue of 59 in 2018.

3.5 billion +38 per year.

64%, realizing net profit attributable to mother 7.青岛夜网

1.7 billion / + 30.

69%, net of non-attributed net profit7.

6.6 billion / + 38.

72%, basically in line with expectations.

The company’s competitive landscape has improved significantly. Continuous M & A + differentiated brand development strategies may help the company quickly build a new system of “Chinese design” + “Chinese and foreign manufacturing” + “global sales”.

We maintain our high-level profit forecast. It is expected that the company’s net profit attributable to its mothers for the years 19-21 will be 8 respectively.



93 trillion, corresponding to 0 EPS.



92 yuan, maintain “Buy” rating.

The competition pattern optimization assistant tool business has grown rapidly and has abundant cash flow. According to the forecast of the IMF and the World Bank, the global GDP growth rate will decline slightly from 2018 to 2020.

However, due to trade frictions and tariffs, most companies in the low-margin hand tool industry are generally unable to absorb the impact of tariffs or are forced to choose to abandon the US market. Therefore, the company ‘s competition pattern has improved significantly. According to the company ‘s announcement, in 2018Hand tools business realized income 52.

740,000 yuan, an increase of 38 in ten years.

82% of which removed the combined effects of Arrow and Lista, and the endogenous growth of the hand tools business was 21.

72%, significantly more than the compound growth of 14-17 years7.


The company achieved net operating cash flow in 20187.

930,000 yuan, an increase of 76 in ten years.

22%, abundant cash flow.

The intelligent equipment business has developed steadily, and the gross profit margin has increased significantly. In 2018, the company’s intelligent equipment business achieved revenue6.

4 billion / year +35.

15%, gross margin 31.

53%, an increase of 5 per year.

49 pp, mainly because the company uses its layout to allocate global capacity and develop new products to reduce the impact of Sino-US trade friction on some products by 25%.

The company invested in R & D in 2018 2.

07 ppm / + 62.

99%, revenue accounted for 3.

49%, an increase of 0 in 2017.

52 pp. In 2018, the company’s newly designed products achieved a quarter of sales.

By the 2018 annual report, the company had basically completed the industrial integration of Arrow Company in the United States, completed the merger and acquisition of Lista, and set up a production base in Vietnam, which had begun to take shape.
The company’s acquisition of Arrow and Lista is expected to bring breakthrough synergies to the company, which can strengthen the superstar’s distributor system and logistics service network in North America, European production capacity and local sales channels.

The company’s construction of Vietnam’s production base can further enhance the company’s ability to resist external changes in the international environment.We believe that the company’s strong layout can quickly adjust its production and sales system to avoid impact in the face of fluctuations in the international environment.

Leading hand tools, the market competitiveness has been steadily improved, maintaining the “Buy” rating competition pattern and improving the logic fulfillment, the company’s market competitiveness has steadily improved, and we maintain our profit forecast. It is expected that Juxing Technology will return to its mother net profit for 2019-2021.



930,000 yuan, an increase of 16 in ten years.

2%, 9.

5%, 8.

9%, 3-year composite strength of 11.

48%, earnings per share are 0.

78, 0.

85, 0.

92 yuan, corresponding to 14 for PE.



57 times.

Refer to comparable companies’ average PE in 2019 of 15.

50 times, taking into account the company’s initial adjustment of the layout, long-term competitive optimization and the development of independent brands or the continuous optimization of profitability, we maintain a PE estimate of 16-18 times in 2019 and a target price of 12.


04 yuan, maintain “Buy” rating.

Risk reminder: economic growth in major overseas markets, estimated risks, Vietnam plant’s commissioning progress is less than expected, Sino-U.S. Trade frictions intensify, acquisition and integration are worse than expected

Five moves make him want to be closer to you

Five moves make him want to be closer to you

The first trick: to maintain mystery, no matter how you call him, don’t be too impatient, let him always be curious about you, it is the way to maintain love at room temperature.

Whether you only know him for 10 minutes or 10 years, keeping some small secrets properly will make your life full of unexpected surprises.

  The second trick: When he is a fan of confidante.

The spiritual communication is more important. Listen to his talk, give affirmation and support at any time, and let him feel that you are the best friend to know him.

When he talks to you, you should not only listen, but also pay attention to expressing your personal opinions, indicating that you are willing to listen to his thoughts.

  The third trick: if you want to escape, you can maintain your passion.

Because the other party can’t clearly grasp your emotions, to him, you are like a fog, and he will never leave easily until he gets the answer.

Keep the attitude of being indifferent from moment to moment, let your smile become the beautiful image of his dreams.

  The fourth trick: make the other person think you are a rare woman.

Actually, though, don’t try to show how many men are pursuing you, but let him have a sense of crisis and make him think how good you are. It would be a big mistake if you don’t cherish you.

Don’t make him feel that you are obsessed with him easily, otherwise, he will think of you with contempt because it is too easy.

  Fifth trick: Showing unique charm and self-confidence are always the best cosmetics. If you want to make a deep impression on each other, then you must have your own unique style, and your taste determines what you are attracted toMan’s level.

Therefore, by determining your personal style, you can attract men with similar tastes.

6 secret recipes to remove dark circles


6 secret recipes to remove dark circles

Dark circles are mainly caused by poor blood circulation in the eyes. There are many small tricks in the field that can alleviate dark circles.

  First, ice milk eye mask to relieve dark circles Material: cotton ball, ice water, cold whole milk Method: 1. Mix ice water and cold whole milk in a 1: 1 ratio.

  2. Dip a cotton ball in the mixture.

  3. Then apply the soaked cotton ball on the eyes for about 15 minutes. You can also use cotton balls instead of cotton pads.

  Second, the yogurt removes the dark circles, put the gauze into the yogurt completely soaked, and then apply around the eyes for about 10 minutes, so that the skin of the eyes fully absorb moisture and nutrients, which can inhibit the dilution and inhibit the generation of dark circlesCan effectively remove bags under the eyes.

  Third, hot towels are used to remove dark circles. Most dark circles are caused by insufficient blood circulation around the eyes due to insufficient sleep, so the phenomenon of melanin precipitation occurs.

After waking up, it is best to apply your eyes immediately with a hot towel that does not produce much of your body temperature, and then exchange your eyes with a cooled towel. In about 10 minutes, your dark circles can be reduced by half.

  Fourth, massage to get rid of dark circles is a good time to get rid of dark circles.

After getting up, make a circular motion with both hands in a clockwise direction, and massage the skin around the eyes for about 5 minutes.

This method can promote blood circulation around the eyes and eliminate dark circles.

  5. After the horseshoe is removed from the black eye, the horseshoe and lotus root are washed and peeled. Then, use a clean knife to chop the horseshoe and put it into the juicer. After blending with two cups of water, separate the residue and leave it around the eyes for about 10 minutesThat’s fine.

The lotus root and lotus root are rich in iron and protein respectively, and have the effect of promoting blood circulation and removing blood stasis, so the effect of removing dark circles is very good.

  Six, to remove dark circles recipe materials: Angelica 10 grams, Chuanxiong 3 grams, 5 grams of astragalus, 2 grams of safflower, 1000 grams of chicken soup, 100 grams of rice.

  Method: first wash the first three flavors with rice wine, cut into thin slices and put them in a cloth bag, add chicken soup and water, and fry the medicinal sauce.

After removing the cloth bag, add the previous rice, boil over high heat, and then boil over low heat to make porridge.

Take 1 dose daily and take it several times.

I accidentally smiled and crooked my mouth, so my child was facial paralysis

I accidentally smiled and crooked my mouth, so my child was facial paralysis

“My son didn’t know how to do it. He laughed and his whole face was crooked to his left ear. He couldn’t restore it from the day before yesterday.

“Ms. Zhang took her lively son to consult the doctor yesterday, was it because she smiled so much that she crooked her mouth.

  It turned out that 4-year-old Xiaobao was very lively and particularly loved to laugh.

Xiaobao had a cold two days ago, because she didn’t have a fever or cough, so her mother didn’t take him to the hospital.

On the 25th, a lot of guests came to the house. Everyone liked to play with Xiaobao, and Xiaobao kept grinning.

It wasn’t until his mother fed Xiaobao water to drink that he found that the corners of his mouth kept leaking out. Take a closer look. When Xiaobao laughed, the left corner of his mouth was seriously biased towards his ears.

Early yesterday morning, her mother took Xiaobao to the Wuhan Children’s Hospital for treatment, and was diagnosed with facial neuritis caused by the virus, also known as “facial paralysis”.

  The chief physician of the rehabilitation department of the hospital, Lin Jun, introduced that Xiaobao’s “facial paralysis” was mainly caused by a viral infection caused by a cold. Every year, the rehabilitation department of the hospital received nearly ten children with facial paralysis.

  Lin Jun reminded parents that children with the disease should preferably go to the hospital in a timely manner within one week, and under the guidance of the doctor, perform simultaneous treatment with drugs and physiotherapy. 90% of the children can recover and facial nerve function will not be disturbed.