Affected by the epidemic, Xi’an Tourism suffered a net loss of 11.83 million yuan in the first quarter

Affected by the epidemic, Xi’an Tourism suffered a net loss of 11.83 million yuan in the first quarter
On April 14, Xi’an Tourism Co., Ltd. (hereinafter referred to as “Xi’an Tourism”) released the first quarter report of 2020.Summary of the report, Xi’an Tourism achieved operating revenue of 3732.980,000 yuan, a year-on-year decrease of 65.84%; realized net profit -1183.490,000 yuan, down 233 every year.07%; realized deduction of non-net profit -1550.560,000 yuan, a year-on-year decrease of 333.71%.Xi’an Tourism stated that the company’s first quarter revenue and net profit decline were mainly affected by the epidemic.It is reported that due to the epidemic, all hotels and travel agency stores of Xi’an Tourism have been suspended from January 27, and all hotel and travel orders have been cancelled.With the continuous improvement of the epidemic prevention and control measures, the hotels and travel agency stores of Xi’an Tourism have begun to resume hotel and provincial tourism business on March 16.In addition, in the first quarter of 2020, the government subsidy included in Xi’an Tourism’s current profit and loss was 5.90,000 yuan, mainly due to post-supplement and expansion of relief; investment income increased by 124 compared with the same period last year.67%, mainly due to the increase in short-term financial income reported; the amount of cash flow generated from operating activities decreased by 94 per year.63%, mainly due to the combined effects of the decrease in cash received from sales of goods, the provision of labor services, and the increase in cash received from the purchase of commodities and the payment of labor services.Sauna, Ye Wang Wang Zhenzhen editor Zheng Yijia proofread Zhang Yanjun picture Xi’an travel Weibo screenshot

Austrian Fan Zhendong reversed Boer, and the National Table Tennis team locked the men’s singles championship in advance

Austrian Fan Zhendong reversed Boer, and the National Table Tennis team locked the men’s singles championship in advance
The ITTF Austria Open continued to compete in the semi-finals tonight. Fan Zhendong reversed the German veteran Boll when he was behind by 1 to 3. The National Table Tennis Team also locked the men’s singles championship in advance.Fan Zhendong staged a major reversal.Video screenshot Since the World Cup team game has just ended, the National Table Tennis Team once again do its best to participate in the Austrian Open.In men’s singles, Fan Zhendong led the battle.Tonight’s semi-final, Fan Zhendong meets German veteran Bohr.In the first four games, Fan Zhendong fell behind Boll 1 to 3, and it looked like he was not in the finals.But in the next three games, Fan Zhendong started chasing points, and finally completed a major reversal of 11-3, 11-5, 14-12, and continued to maintain an undefeated record against Bohr.”Today both of us played very well. In terms of tactics, the two, three, and four innings were not alive enough. The other party knew where I was going to play.”Fan Zhendong said that the sudden rhythm of the last three games was also thinking of biting back.” The biggest test for me was one of not giving up, and the other is whether it can perform tactics well under pressure.”Fan Zhendong said that the speed of Boer’s game was very fast, and he was behind in the start of the 2, 3, and 4 innings, and the whole situation was very passive,” also gave him a lot of fighting space.Fan Zhendong knew every key point in the decisive game and had never given up whether he was leading or lagging behind.Fan Zhendong’s opponent in the final was Zhao Zihao from the qualifying match, which defeated Brazilian Calderano 4-0.”Caldelano is ranked 6th in the world, and I never expected to win 4-0.”Zhao Zihao said that because he started from the qualifiers, every game is a test, and he cherishes every game.”Good at the excellent performance of the Austrian Open, Zhao Zihao also took the last train of the ITTF Finals.So far, 7 men have won the finals of the National Table Tennis Team, namely Xu Xin, Lin Gaoyuan, Ma Long, Fan Zhendong, Wang Chuqin, Liang Jingkun and Zhao Zihao.However, Wang Chuqin fell twice in this match and was suspended for three months by the China Table Tennis Association. He will also miss the finals.Editor Zhang Yunfeng proofreading Wang Xin

Zhu Yawen, I can’t guess whether Tang Wei’s style is beautiful

Zhu Yawen, I can’t guess whether Tang Wei’s style is beautiful
Zhu Yawen plays Zhu Zhanji.  The “Da Ming Feng Hua” that is being broadcast on Youku is directed by director Zhang Ting, starring Tang Wei and Zhu Yawen.The play is adapted from Lian Jingzhuyi’s online novel “The Chronicle of the Six Dynasties”, which takes the experience of the legendary queen Sun Ruowei who has gone through the six generations of emperors of the Ming Dynasty as the main line, and shows the history of the Ming Dynasty from the battle of Jingnan to the prosperity.With the airing of the episode, Tang Wei’s modeling, acting skills were spit out, Zhu Di’s way of going offline, and the family-style narrative style of the “Zhu Family”, etc., also became the focus topics.Sauna, Interview with director Zhang Ting and Zhu Yawen, Zhu Zhanji, who played in the play, responded to these topics.  Sauna Night Net: Tang Wei’s first show in TV series was vomited. What’s your comment on her creative state?  Zhu Yawen: Beauty is not beautiful, good or not, each has its own love and has its own judgment.For me, as long as our character relationship is established, as long as she appears in front of me, it will be good.I can’t speculate or compare the beauty of such a shape, just like our previous movie “Golden Age”, how can I know that Xiao Hong should grow into something?When she stood in front of me, she was Xiao Hong.  Acting Sauna Night Net: Does Tang Wei take the lead role this time?  Ting Zhang: There is no risk. The key issue is the difference between TV actors and movie actors.TV actors responded quickly because of the large amount of daily shooting and more experience. The expressions of movie actors will not be too complicated. The expressions of actors who are accustomed to acting in movies will be more convergent, but they are only single in TV dramas.So if you don’t perform well, it becomes a “dead face.”Of course, Tang Wei made a lot of efforts and was worthy of his role.  Factory gas sauna night net: Zhu Zhanji’s appearance was rated by the netizens as “factory gas in factory”, what do you think?  Zhu Yawen: I can understand the audience’s “misunderstanding” of this character, but the creation of this character actually conforms to Zhu Zhanji’s character and identity, which is only his protective color.The initial setting of the character was that Zhu Zhanji was under the cover of grandpa Zhu Di. Under the control of his second uncle, third uncle, and Zhao Ye, he had to show his cynical and unrelenting state. I also chose to use moreLong, frivolous voices and relaxed performance status complete the characterization of the early emperor and grandson.Each character is like a guard on shift, step by step to the front desk.One of the biggest incidents in the package is the revenge of Jing Nan’s orphans, from which he can see Zhu Di’s reflection on Jing Nan.This is very interesting in the structure of the drama, the fate of each character is ups and downs.It’s not that you slowly go to 60 episodes, and finally come to a cliff-like finale.  Royal Unrated Sauna Night Net: The biggest freshness of this drama is the performance of the ordinary fireworks of the royal family. Zhu Zhanji and the inexhaustible Zhu Di, Han Wang scorned, feeling that they were off the Chinese costume and were ordinary family in Hutong.Everyday.Do you believe that the Royal can really live without such a level and guard?  Zhu Yawen: What you see is the achievement of the director. Before we started shooting, when we read the script, the director said that he did not write the emperor of the Ming Dynasty. He wrote the first family of the Ming Dynasty. He wanted to put it behind the historical events.Communication of family disputes is presented.Including the title is dad, second uncle, like this no class name, I believe from the beginning and will not doubt, because in the play they are parents, if I doubt it is a failure in this relationship.Because my role is the most necessary to connect these characters, if I doubt it myself, then this point does not exist.For example, we don’t like Han Wang, but he has identity and title, similar, military power.But I am still his great nephew. In the performance, I have to find ways to show weakness and survive in the face of such power.  About Love Sauna Night Net: In the play, Zhu Zhanji’s feelings for Sun Ruowei are continuous. What do you think Zhu Zhanji likes Sun Ruowei?  Zhu Yawen: My emperor has been a bit harder, and has been wondering whether Sun Ruowei loves me or not.Sun Ruowei opened a mouthful to Zhu Zhanji’s sealed living environment, let him breathe, and being with this woman allows him to temporarily forget those behind him.Zhu Zhanji has always wanted to be recognized by his grandfather, father, and Sun Ruowei.Seeking approval is the weakness of this character.  Writing / Sauna, Night Net Liu Wei

[Can’t eat cicada pupa with what]_ diet taboo _jikou

浜轰滑鍦ㄧ敓娲诲綋涓兘浼ニ鍦ㄧ敓娲诲綋涓兘浼ー氨鏄互鍚庢€讳汉浠枩鐖遍鐢ㄧ殑楂樿泲鐧芥槅铏被椋熷搧锛岃潐铔规湁鐫€鍗佸垎涓板瘜鐨勮泲鐧借川锛屾瘮杈冮€傚悎韬綋绱犺川姣旇緝宸殑鑰佷汉鍜屽瀛愶紝浣嗘槸杩欑椋熺墿涔熸湁寰堝鐨勬敞鎰忎簨椤癸紝涓嶈兘鍜屼竴浜涢鐗╁悓椋熴€傞偅涔堬紝铦What are you going to do?绗竴锛岃潐铔逛笉鑳藉拰浠€涔堜竴璧峰悆鍛?It ‘s very difficult to use it, and it ‘s very difficult to use it. It ‘s very difficult to use it. It ‘s very difficult to use it.Han Hao is very happy, and it’s very difficult to get up and down, and it’s very difficult to get out of it, and it’s very difficult to make it up. It’s like a clock, a clock, a clock, a clock, a clock, a clock, a clock, a clock, a clock and a clock.囨晱鎬х殑椋熺墿锛屼細澧炲姞鑲濊剰鐨勮礋鑽凤紝杞昏€呭嚭鐜拌繃鏁忓弽搴旓紝涓ラ噸鎹熶激鑲濊剰銆傚父瑙佺殑鑷磋繃鏁忛鐗╂湁锛氬皬楹︼紝鐢熻眴鍒跺搧锛岃礉绫绘捣椴滐紝鍧氭灉绫伙紝鑺硅彍绛夈€傝潐铔瑰睘浜What’s the problem? The fans are always up to date, and the world is up and down, and the world is up to the point: what’s going on, what’s going on, what’s going on, what’s going on?熺墿涓嶈澶锛岃繖浜涢鐗╁拰铦夎浌涓€璧烽鐢ㄥ鏄撳嚭鐜板彧涓嶈繃搴︼紝鍑虹幇铏氫笉鍙楄ˉ锛屼笂鐏瓑鐥囥€傚父瑙佺殑楂樿惀鍏绘粙琛ュ搧鏈夛細娴峰弬銆佷汉鍙傘€佺嫍鑲夌瓑銆傜浜岋紝鑲剧梾鎮h€咃細铦夎浌灞炰簬楂樿泲鐧介鐗╋紝鍏舵秷鍖栧惛鏀堕渶瑕佽緝寮虹Introduce the dreaded mustard and the dungeon. Indulge in the dreaded mustard. Chonghonghonghong,  鐢 ㄨ 途 铔 Walk through the fine ton of the ton paneling drama 銾 雝 倽 国 国 囤 囎 囎 囎 囎锋湁灏忔瘨锛岄渶瑕佽倽缁嗚優鏉ヨВ姣掞紝鑲濆姛鑳芥瑺浣崇殑浜洪鐢ㄨ潐铔瑰彲鑳藉嚭鐜颁腑姣掋€傝繃鏁忎綋璐細铦夎浌涓惈鏈夌殑寮備綋铔嬬櫧灞炰簬杩囨晱鐗╄川锛屽洜姝わ紝杩囨晱浣撹川鐨勪汉缇や笉閫傚悎椋熺敤锛屼互鍏嶅嚭鐜拌繃鏁忋€傝潐铔逛笉鑳藉拰浠€涔堜竴璧峰悆鍛?鑲剧梾鎮h€咃細铦夎浌灞炰簬楂樿泲鐧介鐗╋紝鍏舵秷鍖栧惛鏀堕渶瑕佽緝寮虹殑鑲惧姛鑳芥敮鎸侊紝鑲惧姛鑳芥瑺浣崇殑浜洪鐢ㄨ潐铔逛細鍔犻噸鑲剧梾銆傝倽鐥呮偅鑰咃細閮ㄥ垎铦夎浌鍏锋湁灏忔瘨锛岄渶瑕佽倽缁嗚優鏉ヨВ姣掞紝鑲濆姛鑳芥瑺浣崇殑浜洪鐢ㄨ潐铔瑰彲鑳藉嚭鐜颁腑姣掋€傝繃鏁忎綋璐細铦夎浌涓惈链夌What are you talking about? What are you talking about? What are you doing? What are you doing? How are you going to do it?忋€?

[How to make potato pancakes]_Homemade potato pancakes_How to make potato pancakes_How to make potato pancakes

[How to make potato pancakes]_Homemade potato pancakes_How to make potato pancakes_How to make potato pancakes

Now there are more and more restaurants doing group purchases, but the quality is getting worse.

You usually spend a lot of money, but you ca n’t eat delicious food, which is really hateful.

So at this time, you need to master some food practices yourself.

The following editors will show you how to make potato pancakes.


Ingredients: 1 egg, 1 potato, a small amount of roast sausage, a small amount of flour.


Beat the eggs and add some salt; shred potatoes, diced grilled sausage, and garlic.


Pour ingredients from step 2 into a flour bowl and stir.


Pour the oil into the pan, pour the mixed flour into the pan, fry on both sides until golden brown, and turn off the heat.


After leaving the pot, cut off the extra edges on the top plate to make the appearance more beautiful.

Now cooking is not the woman’s patent. As a man friend, you can also try to make a simple potato pancake to show your wife and children.

Bafang (603489): light assets, high potential to split the leading space

Bafang (603489): light assets, high potential to split the leading space

The market leader of electric treadmill motor segments, deeply digging into the European and American markets, has the world’s leading market share.

The company was founded in 2003. It has more than 80 types of motor products with two types of motors: center-mounted motors and hub motors. It also has the supporting supply capacity of complete sets of electrical systems such as controllers, sensors, meters, and batteries.Electric treadmills provide electrical system adaptation solutions.

Deeply cultivated in the European and American markets, customers include propellers, Decathlon, Arcade Cycles and other foreign treadmill brands and other domestic and foreign treadmill manufacturers.

In 2018, the company’s global market share of electric treadmill motors was about 26%, second only to Bosch.

Asset-light operation, with a gross profit margin of over 40% and a ROE of 63%.

Due to the good industry structure, high value-added products, the company’s profitability continues to be good, the gross profit margin of core products is above 40%, and the gross profit margin of mid-range motors with higher technical barriers exceeds 45%.

Technology is the core of the company. The mode of asset-light operation brings high ROE to the company. In 18 years, the ROE was changed to 63%.

The global market is booming and there is still plenty of room for the future.

The current market of electric treadmills is in Europe, Japan, the Americas, etc., and the penetration rate is still low: the current global market size exceeds 3.5 million units (2018), of which 2.72 million units in Europe, 670,000 units in Japan, and 250,000 to 300,000 units in the United States, of whichThe largest market in Europe is the penetration 武汉夜网论坛 rate of electric treadmills, which is only 10%, and the Netherlands, which has a better riding culture, has reached 30%, and there is still room for global growth.

It is expected that the global scale will reach 30 million vehicles in the future: 1) the saturation point of the European market is 15-20 million, and the annualized growth rate is expected to be more than 20%; 2) the United States is expected to reach about 3 million vehicles in the future; 3) the expected saturation point of JapanAround 1 million.

At present, the market structure is clear and there are certain barriers, and Bafang’s market share has become the second largest in the world.

Leading market segments, overall expectations continue to improve, and product structure is expected to further optimize.

The company has formed a series of competitive 北京夜网 advantages through years of accumulation: 1) focus on the main business of electric treadmill motors; 2) focus on product development, 3) build a one-stop supporting capability for electric treadmill motor systems, 4) global operations, and graduallyThe formation of overseas production capacity and competitive advantages give the company room to further increase its global share.

  At the same time, the company’s product structure has been continuously optimized, with higher value and higher added value, and the proportion of mid-mounted motors has increased. At the same time, the scale effect has continued to increase, and the overall profitability has been improved.

Profit forecast and investment grade: It is estimated that the company’s net profit for 2019/20/21 will be 3 respectively.

27 billion, 4.

53 billion, 6.

5.0 billion, respectively 40 each year.

9% / 38.

3% / 33.

5%, EPS is 2 respectively.



04 yuan / share, corresponding to the current price of PE is 36 times / 26 times / 19 times, considering the company’s performance is expected to continue to increase, give 2020 35 times PE, target price of 132 yuan, give a “buy” rating.

Risk reminders: trade risks; market development is less than expected; internal competition is intensified; exchange rate changes; investment projects are not advanced as expected.

Haige Communications (002465) Semi-annual Report Review: Defense Orders Continue to Recover Beidou’s Three-Generation Full-Chip Solutions Become Highlights

Haige Communications (002465) Semi-annual Report Review: Defense Orders Continue to Recover Beidou’s Three-Generation Full-Chip Solutions Become Highlights

Event: The company released its semi-annual report for 2019 and achieved revenue 19 in 2019H1.

76 ppm, a ten-year increase of 8.

14%, achieving net profit attributable to mother 2.

23 ppm, an 18-year increase.

98%, realizing net profit deduction for non-attribution1.

410,000 yuan, an increase of 61 in ten years.


  Opinions: 1. The performance has steadily picked up, and the military product business continues to resume the upward trend.

  According to the company’s 2018 annual report, new contracts for military products were signed in 2018.

52 ppm, a significant increase of 51 per year.

26%; and according to the major contract announced by the company on July 2nd, as of July 2, the company announced the gradual wireless communication in 2019, and the major contract amount of Beidou Navigation and other areas exceeded 700 million US dollars, accounting for the company’s wireless in 2018The total revenue of the communications + Beidou navigation sub-segment is over 34%.

The situation of the newly signed contracts reflects the trend of resumption of growth in the military products business, and has also brought about a steady rise in the company’s performance.

  By business, revenue from wireless communications business6.

8.7 billion (+12 year-on-year.

58%), with a gross profit 无锡桑拿网 margin of 52.

09% (+4 compared with the same period last year).

84pp); Beidou Navigation Business Revenue 1.

4.2 billion (1 year ago.

06%), gross profit margin is 65.

31% (-1% year-on-year.

55pp); Aerospace business revenue 0.

6.6 billion (+7 year-on-year.

40%), gross profit margin 56.

41% (+ 3% YoY).

40pp); software and information services revenue10.

6.6 billion (+6 year-on-year.

33%), gross profit margin 19.

51% (-3% YoY).


  The growth of wireless communications business and Beidou navigation business reflects the clear growth trend of the military product market.

The software and information services sector continues to grow steadily, stemming from the continuous breakthroughs in new markets (the first entry into the Henan and Shandong markets).

  In terms of expenses, the selling expense ratio (19Q2 4).

20% year-on-year.

12pp), management expense ratio + R & D expense ratio (19Q219.

53%, -0.

61pp) and financial expense ratio (increased by expenditure variable income) decreased by two different ranges, reflecting the company’s increasingly sophisticated internal management.

It is expected that through the continuous growth of military orders in the last two years of the 13th Five-Year Plan and the refined internal management of the company, the company’s expense ratio is still expected to continue to decline.

  2. New breakthroughs in new products and markets for military products have continued, and the highlights have been extended. The subsequent growth is worth looking forward to.  Multi-point breakthroughs in the field of wireless communications: Actively consolidate the short-wave, ultra-short-wave, second-generation satellite stock services, expand multi-mode intelligent terminals, digital conversion, Tiantong S satellite terminals, and the increase of satellite broadband mobile communication products) Equipment developed bidding shortlisted first place) and other new customers incremental market.

  Beidou navigation field: Actively seize the core technology highland of Beidou III, release a satellite chip advanced baseband chip for Beidou III applications + a full-chip solution that supports global navigation satellite systems and global short message system radio frequency chips, Beidou III GlobalThe multi-mode and multi-frequency RF chip of the system ranked first in the customer’s first round of physical comparisons. For civil demonstration projects, a number of Beidou Industrial Park and New District demonstration projects have steadily advanced, and they have continued to land in the “Beidou + Smart City” application demonstration projects.

  The continuous breakthrough in new products and markets for military products has further opened up room for growth.

  Investment suggestion: The gradual recovery of military orders in the last two years of the 13th Five-Year Plan is determined, and the company’s continued breakthrough in new products and markets, as well as the company’s effective control of the overall expense rate, we believe that the company’s performance is expected to continue to rise.

In addition, the beneficiary company’s continued expansion in satellite communications and Beidou navigation, through the gradual improvement of the Tiantong-1 supporting facilities and the gradual transfer of Beidou-3 satellite cluster services, the company is expected to usher in rapid development opportunities in satellite communications and Beidou navigation.

Considering the recovery of military orders, we adjusted the net profit for 19-21 from 5.

8, 7.

6 and 9.

3 trillion is adjusted to 5.

6, 7.

2 and 8.

9 trillion, maintaining the overweight rating.

  Risk warning: Beidou, satellite, communications and other military orders are delayed, and defense informationization is slowly restored

Juewei Food (603517) Interim Review: Continuously High Revenue Growth Costs Optimized

Juewei Food (603517) Interim Review: Continuously High Revenue Growth Costs Optimized
A Brief Comment on Performance Achieving operating income of 1H2019.90 trillion, ten years +19.42%; net profit attributable to mother 3.9.6 billion, previously +25.81%; EPS 0.69 yuan.The company’s Q2 single quarter achieved operating income13.36 trillion, ten years +19.24%; net profit attributable to mother 2.1.5 billion, +30 a year.77%. Business analysis Opening stores increased by 12%, same-store sales increased by 6-7%, and high revenue growth: the company’s revenue increased by 19 in the first half of the year.42%, +6 compared to the same period last year.8 points; of which Q2 (+19.24%) Q1 (+19).63%) continued the trend of high growth.The company’s high revenue growth in the first half of the year was mainly due to 1) the speed of opening stores, the total number of stores in the first half reached 10,598, an increase of 1139 stores, a growth rate of 12%; 683 new stores opened in the first half, 800-1200 of whichThe pressure is not great; 2) The same-store growth rate exceeded expectations. In the first half of the year, the company benefited from the promotion of the fourth-generation store construction, continued improvement of brand potential, and overlapping and full-reduction promotional activities. Overall same-store revenue increased by 6-7 percentage points. The pressure on raw material prices improved month-on-month, and it is expected to continue to improve in the second half of the year: the company achieved a gross profit margin of 34 in the first half of the year.23%, a year-on-year decrease of 1.25pct, mainly due to rising prices of raw materials such as ducks.Company Q2 gross profit margin (35.03%) Q1 (33%).31%) increased by 1.72pct, the cost pressure is further eased, and the ability to resist cost fluctuations is continuously improved.Initially, it is expected that the cost pressure will continue to improve in the second half of the year, and the gross profit margin is likely to rise steadily. Lower period expense ratio pushed up net net interest rate: the company’s period expenses decreased in the first half of the year.06%, -0 per year.49pct; of which the sales expense ratio and management expense ratio are 8.20% / 5.36% every year -0.12pct / -0.96 points.The decrease in sales expense ratio was mainly due to a decrease in advertising expenses by 12.46 million yuan and a decrease in expense ratio by zero.As a result of 72pct, tens of thousands of stores have become the company’s most effective brand promotion display window; the decrease in the management fee expense ratio is mainly due to the improvement of the company’s overall management efficiency and the expense ratio, both of which the employee wage rate and the depreciation expense rate have decreased -0.49 points / -0.22pct, the most 苏州夜网论坛 obvious decrease.In the first half of the year, investment income of 23.34 million and non-operating income of 13.1 million were also important components of profits.In the first half of the year, the revenue increased rapidly, the expense ratio was reduced, and the pressure of hedging costs was increased to achieve a net interest rate.92%, ten years +0.81pct, the profit level has been continuously improved. Accelerate the construction of gourmet ecology and deepen the moat: The company continues to deepen the main business of duck necks, deepen the integration of manufacturers, integrate online and offline, and have more than 50 million registered users online, and continuously enhance the brand potential; in the long run, the number of duck mouth business stores of the companyBreakthroughs in same-store revenue contribution, supply chain optimization, and intelligent manufacturing capabilities can improve space and are expected to drive business to expand.At the same time, in the first half of the year, the company continued to cultivate and optimize a new business form of “pepper flavor.” After the model is clear, it is expected to rapidly increase volume.The company has continuously strengthened its moat in the main business of the duck neck and the gourmet ecological chain, with strong sustainable profit growth. Earnings forecast We expect the company to achieve operating income of 50% in 2019-2021.29/57.01/63.21 trillion, +15 for ten years.13% / + 13.36% / + 10.88%; net profit attributable to mother 7.69/9.01/10.510,000 yuan, ten years +20.00% / + 17.20% / + 16.61%; realized expected return1.88/2.20/2.56 yuan, the current expected corresponding PE is 21X / 18X / 15X, maintain the “Buy” rating. Risks suggest that store growth is lower than expected, raw material prices rise, food safety issues

Gaodexin (832645): Internet access services continue to expand and upgrade mobile resale business to broaden new profit growth points

Gaodexin (832645): Internet access services continue to expand and upgrade mobile resale business to broaden new profit growth points
Event: The company released the semi-annual report for 2019, and the company achieved operating income of 9552 in the 夜来香体验网 first half of the year.610,000 yuan, an annual increase of 18.97%; net profit attributable to mother is 2964.360,000 yuan, an increase of 23 in ten years.92%. The main source of income is the Internet access service fee. It is continuously included in the list of the “New Three Boards” innovation layer: Goldson is a national emerging company, whose main business is Internet access services. It belongs to other network operation service categories in the country’s strategic emerging industries.Admission service providers for the Internet information services industry.The company mainly provides Internet access services, VPN networking services for large and medium-sized enterprises, and broadband Internet access services for home users in Guangzhou, Shenzhen, and Dongguan. The source of revenue is mainly Internet access service fees.The company possesses basic telecom operation qualifications such as domestic Internet virtual private network (VPN), Internet access service business (ISP), Internet data center business (IDC) and other value-added telecommunication operation qualifications, broadband access network business, and network hosting business license.The company has improved its good growth and its steady growth performance, standardized corporate operations, and was once again selected as the new third board innovation layer. Strong demand for enterprise networking business and stable growth of company performance: In the first half of 2019, the company merged. Due to strong demand for enterprise networking business, the company expanded its sales efforts, changed its sales model, and cooperated with basic operators to achieve greater success in expanding large enterprise customers.The company has developed a series of home broadband users in the “Fiber Optic Reconstruction (Home) Project” in the urban village of the company in recent years.In addition, the company’s financial data continues to increase, and the company’s gross profit margin is 45.81%, with a net margin of 31.41%, all higher than the same period last year. The R & D efforts have been continuously strengthened, and the R & D results have been further significant: the company’s R & D investment in the first half of 2019 was 531.540,000 yuan, higher than the same period last year. The R & D investment continues to increase. Through the company’s expanded R & D supplement and the unremitting efforts of all R & D personnel, the company added 17 utility model patents in the first half of this year to add value.1 invention patent and 2 utility model patents. In addition, the company has applied its patented technology to daily operation projects, further reducing operating costs and greatly improving the economic benefits of the enterprise. Expanding new profit growth points and accelerating the development of the company’s scale: Looking forward to the second half of 2019, the company will continue to vigorously develop the optical fiber access business of small and medium-sized enterprises and the VPN networking business of large enterprises such as finance, securities, insurance, and banking; secondly, due toThe company has obtained the broadband access network business operation qualifications in Guangzhou, Shenzhen, and Dongguan. The company will make full use of 20 years of industry development experience and the expansion experience of urban village-related projects to continue to actively develop broadband access services to existing network customers.Based on the development of large-scale home broadband business, and implemented the “hundred business hall plan”, the company will set up 100 Goldson business halls within 3 years. In addition, the company will build a mobile resale business platform and apply for business qualifications from industry authorities.Carry out mobile resale business and expand new profit growth points.(Semi-annual report) Raised funds of 57 million yuan, mainly for urban village optical fiber (reconstruction) home-to-home projects: In the first half of 2019, the company raised no more than 57 million yuan through this stock issue, mainly for urban village optical fiber (reconstruction).Home-to-home projects, expansion of SME dedicated line Internet access business and supplementary liquidity.The company invested exclusively in the design and construction of an optical fiber pipeline from the community to the residents in the urban village.Network resources are open to all qualified telecommunications, 杭州夜网 broadcasting and television operating companies at a fair price based on the market, to achieve resource sharing, to promote all broadband users in the village to achieve fiber-optic Internet access, and to promote the development of business. Investment suggestion: The company is a national emerging company, and its revenue and profits will maintain steady growth in the first half of 2019.Finally the latest company market size 5.9 billion, PETTM 12.6X, it is recommended to pay attention. Risk Warning: Macroeconomic fluctuation risk, profitability deterioration risk

Do you know that surgery has something to lose weight?


Do you know that surgery has something to lose weight?

Surgical weight loss can be said to be the ultimate in weight loss. Using surgery to lose weight, the effect is the most obvious, but the cost is very large.

Is there some kind of surgery to lose weight?

Today, Xiao Bian recommended the surgical method, the slimming effect is very good.

銆€銆€ Surgical weight loss method for sleeve gastrectomy.

This method refers to the gastric antrum that retains 2-6 cm pylorus in the direction of the great curvature of the stomach, and becomes the long axis of the stomach to remove most of the stomach. The stomach bottom is completely removed, and the residual gastric cavity is 60-80 ml.

Surgical removal of 80%, reduce appetite, control the amount of implantation, reduce weight loss.

This method is very popular and the weight loss effect is obvious.

However, the subject still needs to control the diet.

Intemperate diet can affect weight loss.

銆€銆€ Stomach surgery, which is to build a stomach sac in the upper part of the stomach, to control the substitution of food, and then through a short empty stomach capsule, the food can bypass most of the stomach, the duodenum and the first jejunum.Control the absorption of food.

It can effectively reduce food intake and absorption, and the weight loss effect is very good. It has become the first major surgical method for weight loss.

銆€銆€ Gastric banding surgery.

It can also be called laparoscopic adjustable stomach band weight loss surgery, using laparoscopic surgery to bind the upper part of the stomach, and using silicone band to adjust the stomach space, the weight loss effect is ideal.

The operation is mainly suitable for obesity patients, and the treatment effect is ideal, and it is also suitable for ordinary weight-loss people.

銆€銆€ The water polo in the stomach, the principle of weight loss is to add silicon water polo into the stomach, inject saline into the water polo, fill the stomach, and use satiety to control appetite.

This method can also treat diabetic patients.

Many friends who want to lose weight will choose this method of surgery.