2016 Snooker National Championship China Derby Liang Wenbo 6-1 Lectra Li Xing promoted to meet Selby

2016 Snooker National Championship China Derby Liang Wenbo 6-1 Lectra Li Xing promoted to meet Selby
On October 25th, the 3rd match day of the 2016/2017 snooker national championship (attachment: 2016 Snooker national championship complete schedule schedule + contestant match list/signing form).After the first round of fighting, Chinese players Liang Wenbo and Li Xing met in the second round to stage the Chinese Derby.Liang Wenbo, who was involved in dangerous situations, was in a brave state and showed a super offensive ability as soon as he came up.Li Xing also had a great feel, with a 139-point high in the second game.In the end, Liang Wenbo defeated Li Xing 6:1 and will face Selby in the third round.In the second round of the National Championships, China’s Derby Liang Wenbo 6-1 beat Li Xing to promote Liang Wenbo. After winning the English Open this season, he has been in a good state.In the final round of the qualifying game, the winner was reversed and the opponent was almost overturned in the first round. In the second round, Liang Wenbo felt very hot and shot a single shot of 100+, 50+, 90+, and two 70+.Now Liang Wenbo’s strength and status after breaking the zero championship cannot be underestimated.  The two started the mutual bombing mode as soon as they opened.In the first game, Liang Wenbo took advantage of his opponent’s mistakes to take the stage and faced the complex situation steadily and steadily. After solving the two Tieku red balls, he took the lead with a single shot of 102 points.In the second game, Liang Wenbo failed to enter the bench, and Li Xing did not soften. He replaced the defect of the position with a precise bench, blasting a high score of 139 points on a single shot.Liang Wenbo took the lead in the third game, but the black ball made a mistake and the two sides were entangled with each other.Later, Liang Wenbo thin the red ball into the bottom pocket. After correcting the positioning error, he successfully won the third game and won 68:22.In the fourth inning, Li Xing fired first, but made a mistake in the K ball and was interrupted at 46 points.Liang Wenbo continued to have a good feel. After scoring on the bench, the red ball pile was resolved through the K ball and a single shot was scored to win.The score came to 3:1 at halftime.  At the beginning of the fifth inning of the second half, President Li Chang scored a red ball, but he did not grasp the opportunity, but instead made a defensive error, leaving Liang Wenbo with a good offensive situation.Liang Wenbo successively resolved the complexity and won 77:1, the score came to 4:1.In the sixth game, Liang Wenbo missed the black ball into the bottom bag, Li Xing ushered in the mobile phone meeting, but made a mistake when calling the red ball, only scored 33 points.Afterwards, Li Xing scored on COSCO and started to play, but broke at 51 points.At this time Liang Wenbo made a perfect defense against the library, expanding Li Xing’s mistake to hit the green ball, leaving Liang Wenbo with an offensive opportunity.Facing the good situation, Liang Wenbo was frequently intensive, and finally won the sixth game with 78:51.In the seventh inning, Li Xing had a mentality problem. He faced the red ball and missed the opportunity and scored only 16 points.Liang Wenbo took the stage to pull the score to 53:16, and then seized the opportunity of a large angle thin middle bag to continue to get started.Facing the situation where the red ball scored on the scattered table replaced the over-point, Liang Wenbo made a simple mistake after scoring 60 points, but fortunately over scored with 68:32, at this time there was only one red ball left on the table.Although Li Li insisted on trying to do a snooker chase, he was still unable to return to the sky.In the end, Liang Wenbo scored on the long platform, using brave play to win the whole game 6:1, successfully advanced to the top 16, and will meet the world’s number one Mark Selby in the third round.  Follow Liang Wenbo》》Liang Wenbo 2016 Snooker National Championship match schedule Liang Wenbo’s latest match live video

Shangxin · The Palace 2 started from the Ming Dynasty, Deng Lun and Zhang Lu were cultural and creative developers

“Shangxin · The Palace 2” started from the Ming Dynasty, Deng Lun and Zhang Lu were cultural and creative developers
The second season of the large-scale cultural season broadcast program “Shangxin · The Palace Museum” produced by the Palace Museum and Beijing TV Station will be broadcast on Beijing Satellite TV at 21:05 every Friday evening from November 8.The second season of the new upgrade will be based on the cultural relics of the National Palace Museum and show the beauty of Chinese civilization condensed on the cultural relics. The time dimension will span China’s five thousand years.It is reported that Deng Lun and Zhang Luyi will serve as “Forbidden City Creative Innovation Developers” this season, and flying guests such as Yang Mi, Song Zuer and Ma Tianyu will also join the camp for exploring the Forbidden City.The poster of the second season of “The New Palace Museum”.The picture comes from the second season of the new “Forbidden City” on the Internet. On the basis of the highlights of the previous work, it presents many of the latest research results and archaeological discoveries.The show ‘s director Mao Jia once said, “I hope that the experts’ thoughts and new archaeological discoveries will be displayed in a more accurate way, through the layers of star guests ‘deep drawing and cocooning, and finally re-combine them in the form of images and numbers before exporting them toAudience.”The previous audience was more familiar with the history of the Forbidden City as a palace of the Qing Dynasty, but in fact it was built in the 18th year of Yongle in the Ming Dynasty (1420) and was the royal palace of the Ming and Qing Dynasties.The second season of “Shangxin · The Forbidden City” will present more of the Ming Dynasty’s Forbidden City. For a period of time, the first phase of the program looked back at the original starting point of the Forbidden City before 599 years, and explored the legendary cultural relics that have been preserved since the early Ming Dynasty.In addition to the Ming and Qing history contained in the Forbidden City, the elegance of the two Song Dynasties, the grace of the Han and Tang Dynasties, the style of the Wei and Jin Dynasties, and even the belief of the Yuanzu will be presented in the program, and the program’s horizon will be broadened to the civilization of China for five thousand years.Mao Jia said: “We want to use the Forbidden City as the coordinate to maximize the frame. The Forbidden City with more than 1.86 million cultural relics can lead us to appreciate the history of China’s five thousand years, find the place of the nation, and how the Chinese civilization and other worldsCivilization, intercommunication, mutual construction and integration.”Sauna, Ye Wang Zhang He editor Tong Na proofreading Guo Li

Peacebird (603877): Channel adjustment and renewal expenses affect short-term profit

Peacebird (603877): Channel adjustment and renewal expenses affect short-term profit

The main points of the report describe the peacebird’s 19H1 revenue 31.

2 billion, at least -1.

54%, net profit attributable to mother 1.

3.2 billion, ten years -33.

06%, deducting non-attributed net profit of 0.

2.5 billion, ten years -66.

87%; of which, revenue was 14 in 19Q2.

6.1 billion, previously +1.

99%, net profit attributable to mother 0.

4.5 billion, at least -29.

24%, net profit attributable to non-mothers-6.65 million, continuous loss reduction of 9.35 million.

  Comment on the event PB women’s clothing, MP children’s clothing product structure optimization, old goods sales dragged down PB men’s clothing gross profit, Rakucho reform has achieved significant results.

19H1 clothing business achieved revenue of 30.

800 million, at least -1.

2%, with 19Q1 / 19Q2 exceeding -4.

4% / 2.

2%, the growth rate improved sequentially; 19H1 gross profit margin +1.

6 points to 57.

6%, with 19Q1 / 19Q2 exceeding +2.

3pct / + 0.

8 points.

View by brand: ① 19Q1 / 19Q2 PB women’s revenue for some time -3.

0% /-2.

2%, narrowing the decline; gross margin extended by +5.

6pct / + 6.

6 points, optimized product structure; ② PB men’s 19Q1 / 19Q2 revenue is longer -11.

6% / + 4.

5%, the sales of old goods promoted the improvement of revenue but dragged down gross margin performance; ③Rakucho 19Q1 / 19Q2 revenue extension +12.

1% / + 12.

7% and gross profit margin +1 in the first half.

7pct, the channel transition achieved significant results; ④ MP children’s clothing in the early period of high-end processing of old goods affected the revenue growth rate fluctuated slightly, the improvement of the product structure led to the first half of the gross profit margin +4.

5 points.

  Significant channel adjustments dragged offline performance, and Q2 e-commerce growth rate improved month-on-month.

19H1 retail sales ten years -4.

0% to 51.

0 billion; offline decade -5.

6% to 40.

900 million, online three years +3.3% to 10.


At the statement end, affected by channel adjustments and increased TOC coverage, 19H1 franchise revenue decreased by 20.

9%, dragging offline mute 4.

6% to 21.

800 million; benefiting from direct sales boosted, the overall offline revenue growth rate in 19Q2 narrowed.

8pct to -3.

1%; meanwhile, 19H1 achieved online revenue of 8.

900 million, +8 in ten years.

3%, of which 19Q1 / 19Q2 growth rate is two years -0.

3% / + 18.

9%, Q2 online growth rate improved month-on-month.

Considering that from 18H2 to 19H1南京夜网, a total of 1,125 / 1,245 stores were closed / newly opened, and the significant adjustment of the channels affected offline performance.

  Directly-operated stores increased the sales expense ratio, which dragged down the non-net interest rate; the inventory impairment provision and other current liabilities decreased, and the book inventory and channel inventory structure are expected to improve.

19H1 sales expense ratio / management expense ratio ten years +5.

0 points / -0.

9pct to 42.

9% / 6.


Under the background of improved gross profit margin, the sharp increase in the selling expense ratio dragged down the non-net interest rate in 19H1, which was 1 down.

55 points.

19H1 accrued inventory depreciation.

0.5 billion, the proportion of the book balance of inventory fell by 0.

7 points to 5.


The other mobile aldehydes dropped 17.

4% to 1.

200 million, reflecting the channel’s forecast that spring and summer clothing returns will be reduced, and the increase in TOC coverage will lead to an improvement in the sales surpass rate.

  The channel adjustment has dragged down the revenue performance, focusing on improving the efficiency of the new store and the sales of winter clothing.

Taking into account the improvement of the efficiency of two new stores in the second half of the year and the online growth rate, it is expected that revenue in 19 years will increase by 6 as well.

5% to 82.

100 million, the net interest rate attributable to mother increased by 11.

4% to 6.

400 million, corresponding to PE of 10.

5x, maintain “Buy” rating.

Risk reminders: 1. The risk of major channel adjustments; 2. The risk of product style adjustments not matching consumer preferences.

Shun Xin Agriculture (000860) Significant Growth in Accounts Received, Double Non-Profit

Shun Xin Agriculture (000860) Significant Growth in Accounts Received, Double Non-Profit
Event: The company released its 2018 annual report, and the company achieved an operating income of 120.74 ppm, a ten-year increase2.90%, realizing net profit attributable to mother 7.440,000 yuan, an increase of 69 in ten years.78%, 佛山桑拿网 net profit after deduction is 7.930,000 yuan, an increase of 129 in ten years.59%, the basic profit income is 1.30 yuan / share, expected average ROE is 10.04%. In 2018H2, the liquor business grew 21%, and some non-profits were doubled.The company’s 2018Q4 revenue was 28.710,000 yuan, net profit attributable to mother 2.08,000 yuan, deducting non-net profit 2.3.6 billion, with annual growth of -0.49%, 25.13% and 230.59%.Liquor business revenue in 2018 was 92.78 ppm, an increase of 43 in ten years.82%, sales 62.1 Initially, it grows 44 per year.65%, of which the growth rate of 2018H2 liquor has improved due to economic impact, with an annual increase of 21.12%.Initially, non-recurring gains and losses in 2018 were -0.49 million, the company deducted non-net profit of 7.930,000 yuan, an increase of 129 in ten years.59%. The increase in advance receipts increased and the net interest rate increased.Report legal company monetary funds 61.72 trillion, advance accounts 56.54 ppm, an increase of 49 at the beginning of the decade.38%, the advance account statement of the parent company is 46.68 trillion, it is estimated that the advance payment of real estate business is about 10 trillion.In terms of gross profit margin, the company’s overall gross profit margin was 39 in 2018.96%, an annual increase of 6.04pct, of which Q4 gross margin is 45.76%, an increase of 15 per year.44 points.In terms of period expenses, the company’s sales expenses subsidy in 2018 10.14%, 0 per year.34pct; management cost + R & D cost 5.76%, with a ten-year average of 1.06 points; financial expenses 1.19%, zero for one year.15 marks.Affected by gross margin and expense ratio, the company’s 18-year net profit margin was 6.16%, an increase of 2 per year.43 points. The national distribution of liquor has accelerated, and real estate meat business has dragged down performance.The report summarizes that the company ‘s nationalized market with a flood of liquor business continues to accelerate. Niulanshan surpassed 22 provincial-level (including municipalities) sales markets with more than one million. The Yangtze River Delta and Pearl River Delta markets are developing rapidly and are flooding.The layout has achieved remarkable results.The pork business is affected by pig prices and African swine fever, with revenue every 20 years.23%, the real estate business Shunxin Jiayu’s 2018 revenue1.55 ppm, net profit -2.It is expected that the land business will reduce losses after the subsequent gradual payment recovery, reduce the company’s financial costs, and will eventually be divested. Profit forecast: The company’s EPS for 2019-2021 is expected to be 1.91 yuan, 2.45 yuan and 3.02 yuan, price-earnings ratios of 24 times, 18 times, 15 times respectively, given a “buy” rating. Risk warning: food safety risks; increased competition in the industry

Yili (600887): Steady growth of main business, differentiated competition, widening moat

Yili (600887): Steady growth of main business, differentiated competition, widening moat

Investment Highlights: Event: On April 25, Yili Co., Ltd. released its first quarterly report.

2019Q1 achieved operating income of 230.

7.7 billion, an annual increase of 17.

89%, net profit attributable to mother 22.

76 ppm, a ten-year increase of 8.

36%, growth is basically in line with expectations.

The company’s revenue continued to grow steadily, and the contribution rate of milk powder business increased.

The company achieved operating income of 230 in Q1 2019.

77 ppm, an increase of 17 in ten years.

89%, slightly more than expected, of which liquid milk products, milk powder and dairy products, cold drinks products respectively achieved revenue of 189.

5.9 billion, 25.

5.2 billion, 15.

00 trillion, milk powder continued to maintain a strong growth trend for 18 years, the proportion increased. The company acquired the New Zealand milk powder production and sales company Westland cooperation dairy company in March, the milk powder business is expected to further increase in the future.

At the end of 2018, the company increased its cold drink production reserves. The share of cold drink products in the first quarter increased from the previous quarter.

Regionally, sales in North China continued to expand in South China, with sales in South China declining and sales in North China accounting for the proportion.

3%, up 北京夜网 from 0 before the age of 18.

29pct, South China sales accounted for 23.

62%, a decrease of 3.


The gross profit margin reached a new high, and the product structure was continuously optimized to broaden the product matrix.

The supply of raw milk is tight in Q1 2019, and the price of raw milk has increased slightly. Since August 2018, the price of raw milk has continued to increase with a leap of 7.


Under the background of pressure on raw material costs, the company’s gross profit margin reached 39 in the first quarter.

9%, up 1 every year.


The increase in gross profit margin is mainly due to the optimization and adjustment of the product structure. The gross profit of the milk powder business is relatively high, and the revenue is growing rapidly. The rise in its sales proportion has effectively driven the overall gross profit margin to rise.

At the same time, among the liquid milk product categories, Jindian Organic Room Temperature Milk has expanded as a high-end product market, and high-end products have also driven the growth of overall gross profit margin.

The company’s product matrix has continued to expand and widen. Since the end of 2018, the company has launched a number of new high-margin products, such as high-end products Jindian Juanshan milk, lactic acid bacteria beverage Yiran, Miaozhi cheese, etc., and gradually open the market through new products, which will further consolidate revenue growthAnd drive up gross margins.

Expenditure has been steadily eased, and R & D expansion has significantly improved to help launch new products.

The company’s sales expense ratio for the first quarter of 2019 was 24.

1%, weekly up 1.

1pct, the level of each two quarters in the second half of the early 18th year has been steadily decreasing, and the expenses still mainly come from online advertising marketing, offline sales expenses; administrative expenses rate 4.

1%, 0 in ten years.

2pc, of which R & D costs 9238.

260,000 yuan, an annual increase of 252.

85%, mainly due to the company’s research, testing, and design expenses increased in the first quarter; financial expense ratio -0.

5%, the initial reduction in financial expenses is the decrease in interest income. Yili Finance Co., Ltd. has reduced its interest income from the reduction of its inter-bank budget.
Benefiting from the slight increase in gross profit margin and good cost control, the company’s net profit in the first quarter was 9.
9%, up 2 from the previous month.

2pct, which decreases by 0 every year.

9pct, net margin performance was more in line with expectations.

The company deducts the non-returned net profit of the mother 21.

82 ppm, an increase of 9 per year.


The company’s other payables and other current liabilities increased significantly.

Other payables of the company in the first quarter57.

84 trillion, an increase of 373 over the end of 18.

74%, mainly because the profit distribution plan was approved by the shareholders’ meeting, which should increase the dividends; other flow resistance30.

13 trillion, an increase at the end of the earlier 18 years, mainly because the company issued ultra short-term financing bonds.

The company actively lays out upstream targets and radiates global business through acquisitions.

The company purchased 100% equity of New Zealand’s second largest dairy cooperative Westland Cooperative Dairy Company for over 1.1 billion yuan. Part of the target products are sold to more than 40 countries around the world, helping the company to expand overseas business.

More importantly, the target raw milk supply accounts for 4% of New Zealand’s total raw milk supply, which can effectively help the company to obtain a higher quality and stable New Zealand milk source.

We again predict that two-way oligopoly companies will accelerate the market share of the remaining 10% -15% of room temperature milk in the next two years, which will also open up space and time for the expansion of the same products and the development of low-temperature milk.

Under the trend of low temperature, downstream dairy enterprises will further increase the demand for upstream milk source pastures, and arrange the size of upstream pastures.

Earnings forecast and rating: Regarding the company ‘s stable performance growth and the speed of diversification, we expect the company to achieve 925 revenue in 19/20/21.



5.2 billion, an annual increase of 16% / 16% / 20%, net profit reached 71.



3.4 billion, an increase of 11% / 13% / 15% over the same period.

Taking into account the estimated premium brought by the growth stability of the leader, the estimate was raised to 30X in 19 years, corresponding to a target price of 35.

4 yuan, 15% upside, maintain “highly recommended” level.

Risk reminders: 1. Risk of food safety control; 2. Risk of fluctuation of raw material prices

Guangshen Railway (601333) 2019 Third Quarterly Report Review: Performance Pressure or Release Fully Expect Q4 Cost Speed Down

Guangshen Railway (601333) 2019 Third Quarterly Report Review: Performance Pressure or Release Fully Expect Q4 Cost Speed Down

Due to the cost side dragging down Q3’s 杭州夜生活网 performance more than expected, it is expected that Q4’s cost reduction will push the gradual performance upward.

At present, the market value is more fully responsive to the company’s performance pressure, and the current PB is less than 0.

8 times, it is estimated that the safety margin is high.

The securitization of railway assets has accelerated, and the net interest rate of the Guangzhou-Shenzhen section of the high-speed railway commissioned by the company may rise to about 23% in 2020. The injection of high-quality assets will help improve the profitability of the Guangzhou-Shenzhen railway.

The decline in the third quarter results exceeded expectations and is expected to increase by operating costs13.

4% dragged down, expecting Q4 cost reduction to advance performance.

On January 9, 2019, the company’s operating income increased by 7.

1% to 156.

100 million, attributable to mother / deducted non-net profit 8.

75 billion, 8.

7.7 billion, down 9 every year.

2%, 11.


The gross profit margin has decreased by 1 year by year.

1pcs to 9.

4%, the average ROE is expected to drop to 0.

33 points to 3.


The third quarter operating costs increased by 13.

4% excellence surpassed market expectations, an increase of 7% over the first half of the year.

6pcts, which is 6pcts higher than the previous period.

The cost side may drag down Q3 performance significantly.

6%, 1.

The scale of 1.3 billion net profit hit a record low in the past (the average net profit in the third quarter of 2008-18 was 4).

100 million), expecting Q4 cost reduction to drive performance growth.

The growth rate of Guangzhou-Shenzhen intercity passenger traffic increased by nearly 4pcts in 1-3Q, and the drop in long-distance buses and through-traffic trains expanded. It is expected that through-train traffic in 2019 may affect performance1.


On January 9, 2019, the overall passenger traffic growth of the company decreased by 2.

4% to 67.49 million, of which long-distance buses, Guangzhou-Shenzhen intercity and through trains increased by -3.

7%, 3.

2% and -44.


Affected by the macroeconomic slowdown and the Hong Kong incident, Guangzhou-Shenzhen intercity passenger traffic has narrowed by nearly 4pcts from the first half of the year, and the decline in passenger traffic through Hong Kong has increased by 5%.


Taking into account the 2018 through-port through train to achieve operating income5.

0 ppm, and the Hong Kong section of the Guangzhou-Shenzhen-Hong Kong high-speed railway opened to traffic in September 2018. It is expected that the number of passengers passing through Hong Kong through trains in 2019 may decrease by about 33%, which is expected to affect the net profit of the Guangzhou-Shenzhen Railway by about 1.

About 200 million.

The significant increase in cost in Q3 dragged the cumulative growth rate back, and the intercity distribution between Shenzhen and Dongguan is expected to be limited.Operating costs increased by 8 on January 9, 2019.

4% to 141.

400 million, surpassing revenue growth rate1.


Among them, the growth rate of Q3 operating costs increased sharply to 13.

4%, expected wages and benefits and equipment rental costs increased faster than expected due to Q4 cost-side decline.

Guangzhou-Shenzhen Intercity starts from Guangzhou Xintang Station, passes through Zhongtang, Houjie and other towns, and ends at Shenzhen Airport Station, with a total of 15 stations.

Guangzhou-Shenzhen-Shenzhen Intercity mainly attracts passenger traffic from cities and towns along the route and Shenzhen Airport. Considering the stopping areas and destination differences, the impact of diversion is expected to be limited. The improvement of the railway network promotes the promotion of intercity passenger traffic.

In 2020, the net interest rate of the Guangzhou-Shenzhen high-speed railway may reach 23%. It is expected that the injection of asset certificates is expected to land.

Shipai junkyard received land compensation for storage and storage13.

It is expected to contribute about 800 million net profits at the end of 2019 or early 2020.

As China Railway has a total of only three listing platforms, it is beneficial to the pace of state-owned enterprise reform.

Benefiting from the opening of the Hong Kong section of the high-speed railway, the net profit of the high-speed railway commissioned by the Guangzhou-Shenzhen section in the first 3 quarters of 20194.

300 million, expected to achieve 7 in ten years.

700 million.

The Hong Kong incident affects short-term disruption of some inbound and outbound demand. It is expected that the Guangzhou-Shenzhen high-speed railway will achieve net profit in 2020. 8

200 million (about 23% net interest rate), high-quality asset injection will help improve the profitability of the Guangzhou-Shenzhen Railway.

Risk factors: Railway reforms are less than expected, land development progress is less than expected, and asset securitization is less than expected.

Earnings forecasts, estimates and investment ratings.

Q3 performance gradually exceeded expectations, expected to increase operating costs13.

4% drag, expecting Q4 cost reduction to drive long-term performance 北京桑拿洗浴保健 upward.

The securitization of railway assets has accelerated, and the high-speed railway operated by the Guangzhou-Shenzhen section of trusteeship may rise to about 23% in 2020. The injection of high-quality assets will help improve the profitability of the Guangzhou-Shenzhen Railway.

We maintain the company’s EPS forecast for 2019-2021.


17 and 0.

19 yuan.

It is expected that the cost side will reduce speed to improve performance, and the injection of high-quality assets will promote the improvement of road profitability.

The current PB is less than 0.

8 times, it is estimated that the safety margin is high.

Maintain “Buy” rating.

Guangzhou Restaurant (603043): Proposed cash acquisition of Guangzhou’s time-honored brand Tao Taoju The reform of state-owned enterprises is gradually realized

Guangzhou Restaurant (603043): Proposed cash acquisition of Guangzhou’s time-honored brand Tao Taoju The reform of state-owned enterprises is gradually realized

The main points of the report describe the company’s announcement that it intends to acquire 100% equity of Tao Taoju in cash.

Tao Taoju is one of the oldest names in Guangzhou’s catering industry. It specializes in refreshments, moon cakes, and locations, and its revenue from January to September 2018 was 6,463.

130,000, net profit 830.

79 thousand.

Comment on the event Tao Taoju is also a long-established brand in Guangzhou, and has deeply cultivated the Guangzhou market.

The Taotaoju brand was founded in 1880, and Guangzhou Taotaoju Food Co., Ltd. was established in 2012. It is mainly engaged in food management, baking workshops and catering chains.

Product features include specialty hand-letters, snack foods, reorganized foods, etc. The physical store has teahouse chain stores, baking chain stores, roast meat chain stores, etc. The sales network covers offline supermarkets and online platforms.

On January 9, 2018, it achieved revenue of 6463.

130,000, net profit 830.

790,000, income accounted for 3 of the restaurant in Guangzhou during the same period.

21%, net profit ratio is 2.


The acquisition is part of the company’s state-owned enterprise reform plan.

Tao Taoju is held indirectly by the People’s Government of Guangzhou City through the Guangzhou Industrial Development Group. The company is a holding company of the State-owned Assets Supervision and Administration Commission of Guangzhou Municipality (shareholding 67).


The stock budget incentive plan launched by the official company will definitely expand the binding force. This equity acquisition meets the requirements for deepening the deployment of state-owned and state-owned 都市夜网 enterprises. The future integration and utilization of related resources within Guangzhou’s state-owned assets and the further activation of management mechanisms are worth looking forward to.

Although the profit increase is small, the synergy between the two is of great significance.

Although the acquisition of Tao Taoju has not significantly increased the overall performance of the company, Tao Taoju itself has a mature brand, a certain food production capacity (factory is located in Guangzhou) plus a considerable scale of catering (13 branches at the end of 18) and food salesOutlets, after the completion of the acquisition, will help the company continue to focus on the main business of “food + catering”, merge the two main business sectors of food and catering with multiple brands, differentiated development, and further improve the industrial layout.

Earnings forecast and investment advice: Capacity expansion and market expansion are two-pronged, and performance growth is based.

Without considering M & A factors, it is expected that the net profit attributable to the mother in 19-21 will be 4 respectively.



670,000 yuan, the EPS is 1.



65 yuan, corresponding to the current expected PE is 29/23/19 times, given an “overweight” rating.

Risk Warning: 1.

The construction of the new base and the release of production capacity were less than expected; 2.

Competition in the frozen food market has intensified.

5 soy dishes to help women lose weight and breasts


5 soy dishes to help women lose weight and breasts

Soybean woman’s best food A woman who loves beauty must not miss soybeans. Soybeans are just delicious and have high nutritional value. They have three major effects of calcium supplement, weight loss and beauty.

Soy beans are rich in protein. 500 grams of soybeans contain protein equivalent to 1500 grams of eggs, 6000 grams of milk, and 1000 grams of lean pork.

Soy beans also contain “phytoestrogens”-“isoflavones” substances, which can effectively increase the level of estrogen in the body, thereby maintaining the youthful beauty of the breast and delaying female aging.

  In addition to breast enhancement, soybeans can also lose weight.

You may not have heard the term “cholesterin.”

But it is a magic weapon to lose weight.

This substance is related to digestion, it can control appetite and keep food in your stomach more slender.

So how to increase the content of cholecystokinin in the body?

Studies have found that after eating soy, the content of cholecystokinin in the body doubles.

Soy also helps keep your blood sugar levels constant, so you won’t feel tired easily.

  Here are some recommended breast-promoted dishes made from soy beans, to teach you how to use food to make yourself more beautiful: 100 one, soy-pea peanut breast crisp material: 100 grams of peanuts, 100 grams of red dates and 100 grams of soybeans.

  Practice: 1.

After the peanuts and soybeans are dried, they are ground into powder, and the red dates are chopped, stirred well, and the water is transformed into shape 2.

After kneading it into small balls, it is pressed into a small round cake shape (the size can be determined by yourself).


Preheat the oven for 10 minutes and bake at 150 ° C for 15 minutes.

  Efficacy: breast enhancement.

  Second, boiled soybeans material: about half a catty of soybeans, spring onions, ginger, soy sauce, red wine, sugar.

  Method: First wash the soybeans, soak in water for 12 hours. After soaking, put them in the pan, cook, remove, heat the wok, pour an appropriate amount of oil, pour onion, ginger, soybeans, stir fry for a while, pourWhite sugar, wine, soy sauce, boil, reduce to low heat and simmer for a while, then light the fire to collect the juice, serve, and cool.

  Efficacy: breast enhancement, beauty.

  Third, soy pork ribs: 500 grams of pork ribs, a handful of soybeans, 10 jujubes, 20 grams of grass, ginger slices, salt and other appropriate amounts.

  Method: First, clean the pork ribs, chop into pieces, soy beans, jujube, ginger, washed with grass, wrapped in gauze, and put in a medicine bag.

Then add water to the pot, boil over medium heat, add pork ribs, soybeans, jujube, ginger, and sachets, cook over low heat for 2 hours, remove the sachets and season with salt.

  Soy-boiled pork ribs increase the skin’s elasticity: This dish is good for qi, nourishing blood, and clearing the collaterals. It is suitable for women with weak blood and dry breasts, and can increase the elasticity of women’s skin.

  Fourth, soy pork trotters breast soup soup ingredients: 3 trotters, 100 grams of soybeans, 25 grams of ginger slices, allspice powder, salt, soy sauce, sesame oil.

  Method: 1. Soak the soybeans with warm water.

  2. After the trotters are removed, split into two halves, wash the chop pieces, and permeate with boiling water.

  3. Put the right amount of water in the casserole, add the shallots, ginger, soy sauce, salt, and sesame oil. After the water is boiled, add the soybeans and pork trotters. After the high heat is boiled, simmer the hoof meat and soybeans on a low heat., Sprinkle allspice powder and mix well.

  Efficacy: Soy beans and trotters can add a lot of protein for women, especially collagen, which is conducive to breast shape development.

  5. Soybean and green bean stew chicken wings Ingredients: Soybean, green beans, chicken wings Seasoning: salt, monosodium glutamate, cooking wine, broth Soybean and green bean stew chicken wings: First, put soy beans, green beans, chicken wings and other ingredients into the casserole, add an appropriate amount of broth, useCook on fire, and finally season with salt, MSG, and cooking wine.

  Tips: Be careful not to remove the skin when soy beans and green beans are soaked in water.

Chicken wings should choose fins to neutralize wing tips, rather than wing roots with reduced collagen content.

  Efficacy: Soy beans, green beans and black beans are all famous breast enhancement foods. In addition to protein and lecithin supplements, they also contain “phytoestrogens”.

Become the best girlfriend’s code of conduct

Become the best girlfriend’s code of conduct

Don’t expand your rights without restriction because a man loves you. Don’t interfere with his ideals, beliefs, and pursuits. He must have some characteristics that you don’t understand.

  Don’t be late often, don’t think that men love you, you should have infinite patience.

There is a limit to the patience of all people. When patience is consumed, love is consumed.

  Don’t believe in the phrase “You love me, you should know what I think”. This is a complete nonsense, no one can fully understand what the other party is thinking.

It is foolish for a man to not love you because he does not know your thoughts in time.

  Don’t often ask men to accompany you for shopping. Most men don’t really like shopping, and the final outcome of forcing will be resistance.

  What men do for you when they are in love, don’t expect him to continue in the future, smart girls usually know how to get 50% off.

  Don’t try to completely change a man. Don’t have the idea that “he will become your ideal type under your training.” It is wiser to adapt to him than to change him.

  Don’t be overconfident in your own charm. Few men will last forever, and there are few men who can come and go, unless this man loves you with no motivation.

  Don’t use this line of thought to guide your love-look for evidence in a man’s words and deeds that he doesn’t love you.

A man cannot put a complexion on a woman at all times, nor can he notice every hint and displeasure of a woman.

When you look for dust with a magnifying glass, you will always find it.

  When a man is thinking, try not to disturb him. Sometimes he also needs the joy of being alone, which does not prove that he doesn’t care about you.

  No matter how close a man is to you, don’t hurt his self-esteem. Whether in front of others or alone, hurt is hurt, whether he loves you or not.

  Don’t always compare your man with other men, don’t say that he is not as romantic as other people, and not as considerate as others.

Everyone is special and the way of love is different. It is often said that anticipating love becomes a psychological burden.

  Always keep a little mysterious in front of the man, don’t reveal everything to him, he will be anorectic without being grateful if he is too full.

  Don’t expect to get men by sex, this is the least reliable way to capture men, because true love has nothing to do with the flesh.

  Love is a magnetic field, not a rope. It’s better to attract him by catching him.

A rope provokes men’s desire to break free, while a magnetic field can give men the illusion of freedom and an eternal temptation.

What to do if there is wet poison in my body?

Recommended 10 spring damp damp soup

What to do if there is wet poison in my body?
Recommended 10 spring damp damp soup

Click to buy in the spring when the humidity is heavy and you need to get rid of it, because traditional Chinese medicine believes that the series of wet and rainy weather in spring, the external humidity will lead to poor blood flow in the meridians.Weakness, water does not get wet, wet evil is trapped.

The humidity is heavy, and there is humidity in the body, which can cause multiple problems, such as certain rheumatism, obesity, loss of appetite, and weakness.

Here are 10 spring damp damp soups to help you get rid of the wet poison in your body.

  Qushi Soup 1, Chenpi Barley Duck Soup-Moisturizing and Antidiarrheal[Raw Materials]Water duck meat 250g, Chenpi 6g, stir-fried barley 30g, lotus seed meat 30g, Huaishan 12g, ginger 10g[Step]Duck meat cutSoak the cubes, barley kernels, and lotus seeds in cold water for 2 hours. Put all the ingredients into the pot. After the boil is boiled, cook in a simmer for 2 hours. Add the ingredients out of the pot.

  [Efficacy]Coix seed and dampness, adding duck can nourish the spleen and stomach, relieve dampness and relieve diarrhea.

This soup is especially suitable for those with heavy moisture and thin stools.

  Qushi soup 2, Zhishi barley red bean soup-from the “Compendium of Materia Medica”[raw materials]indica rice kernel, red bean, half a bowl of rice, light bamboo leaves, purslane, sophora rice, green tea, the amount of the above materials into the dry goods[step]Indica rice kernel, red bean, soaked in water for one to two hours, if heated water can be shortened by half; purslane soaked for half an hour; wrap light bamboo leaves, purslane, locust rice, green tea with gauze; wrap all materials intoPot, boil for an hour after adding water.

You don’t need to add any seasonings, drink soup, eat barley kernel rice, red beans and scallions.

  [Efficacy]This is a spleen and dampness-reducing food therapy formula from the Compendium of Materia Medica. It is often associated with spleen deficiency due to moisture weight. At the same time, conditioning can be effective at the same time, and the roots can be easily broken.

The above materials are not easy to collect, but there are finished products for sale on the surface of the city, and sometimes there is also Shutangrenren tea, a cup in the morning and evening, which is especially suitable for spring and back to Nantian.

Compared with ordinary diet indicators, this soup is more inclined to medicated diet, so the effect is much better, and there is also the effect of light spots and whitening to lose weight.

  Qushi soup 3, Coix ribs soup-Moisturizing and diuretic[raw material]500 grams of winter melon, 250 grams of ribs, a small amount of barley[Step]Don’t peel the winter melon, cut into large pieces, add the ribs and barley together into the pot, add water,Let it simmer for an hour and a half, add winter melon, and cook for 10 minutes.

  [Efficacy]This soup has the effect of clearing away heat and dampness, diuresis and urination, and has an adjuvant therapeutic effect on patients with edema and urinary tract diseases.

  Qushi soup 4, cucumber pork bone soup-clearing heat and dampness[raw materials]old cucumber 1 catty, pig tendon 1 catty, Chenpi 1 horn, red bean 2 2 pieces, broken Yaozhu 1 tablespoon, lentils 1 2 and powder sausage 8 2[steps]Pork bone and powder sausage are dehydrated with water. After the water is boiled, add pork tendon in a pot for 15 minutes, then add powder sausage, rind, red beans, lentils, and old cucumber in a pot for 1 hour.Ready to eat.

  [Efficacy]The old cucumber can remove heat and dispel dampness and detoxify fire, lentils and red adzuki beans have the effect of strengthening the spleen and moisturizing. Adding pig powder intestines to boil cucumber soup, the heat can replace the gastrointestinal effect.

  Qushi soup 5, lentil carp soup-spleen and dampness[raw materials]lentils, 15 grams each of kapok, 2 jujubes, 100 grams of bonito meat, 3 grams of rind, 2 slices of ginger[Step]Stir-fried bonito, pourAdd some water and stir-fry the lentils a little. Put the anchovies, lentils, soaked kapok rind, ginger, a bowl of hot water together in a stew pot, cover, and simmer for an hour and a half.

  [Efficacy]The fried lentils have the effects of strengthening the spleen and moisturizing, and stopping diarrhea. It is stewed with anchovies of kapok skin, which is a healthy soup for strengthening the spleen and dampness when the spring is wet.

  祛湿汤6,沙葛扁豆猪骨汤-祛湿开胃【原料】沙葛500克,猪扇骨500克,眉豆,扁豆和赤小豆各50克,蜜枣2个,姜2片,水10碗  【Step]Soak the eyebrows, lentils and red beans in water for 2 hours, wash the pig fan bones, rinse with water, wash the sagebrush, peel, peel, gluten, and cut into pieces; boil water, add all the ingredients, and cook for 20 minutes on high heat, Turn to low heat for an hour, season with salt and serve.

  Efficacy: clearing away heat and dampness, strengthening spleen and appetizing.

  [Efficacy]This soup can be used to clear away heat and appetite, and strengthen the spleen and dampness.

  Qushi soup 7, Poria horseshoe pork soup-Qushi digestion[raw materials]400 grams of lean pork, 200 grams of Poria, 1 carrot, 1 corn without shavings, 10 peeled horseshoes, pitted candied dates 3More than 10 pieces of tangerine peel and 3 pieces of ginger[Step]Soak the tangerine peel for a while, then cut it into clay, carrots, and corn. Divide all the ingredients into the pot, add 10 bowls of water, and boil over high heat.2 hours, just add seasoning.

  [Efficacy]Poria cocos can clear heat and dampness, strengthen the spleen and stomach, digestion of horseshoe, and widen the qi of carrots.

  Qushi soup 8, olive water fish soup-Qushijie sleep[raw materials]water fish 200?
250 grams, 6 olives, 3 slices of ginger, ten slices of tangerine peel[Step]After soaking the tangerine peel, cut the olives in half, cut the fish into pieces and pass through the water. Put all the ingredients together into the stew pot, add 4 bowls of boiling water, coverClose the lid, simmer for 3 hours, add the seasoning.

  [Efficacy]It can dispel dampness, it is helpful for various skin diseases caused by moisture, and it can also relieve spring difficulties.

  Qushi soup 9, yam pig fan bone soup-spleen and dampness[raw materials]pig fan bone 1 kg 2 or 2 pieces, Chen Pei 5, 6 tablets, iron rod yam 2 two, Ci Shi, lotus seeds, Poria 30 grams each, 3 ginger[Step]After the pork bone is cut into pieces, pass through the water and cut into yam sections. Pour all the materials into a pressure cooker, cook for half an hour after adding water, and add the seasoning.

For the old-fashioned soup method, you can cook for 10 minutes on high heat, then switch to simmer for 1 hour.

  [Efficacy]Spleen and dampness, if it is to supplement the fan bone of the scapular region of the pig, the tail keel close to the tail of the pig to make soup, the effect of removing dampness is better.

  Qushi soup 10, Flammulina flammulina soup-Qushi slimming[raw materials]150 grams of Flammulina velutipes, 150 grams of soybean sprouts, 240 grams of lean pork.

  [Steps]Slice lean meat, marinate with 2 tablespoons raw soy sauce, half tablespoon of white sugar and half tablespoon of raw powder for marinating and set aside; put oil in a hot pan, stir-fry ginger, soy sprouts and shovel for later use; add 5 bowls of water to the panTurn on, add ginger bean sprouts, boil again, add enoki mushrooms and meat slices, add seasoning when cooked.

  [Efficacy]This soup has the functions of clearing away heat and dampness, diuretic and swelling, and reducing weight.

  There are damp poisons in the body. You can drink more than 10 kinds of damp damp soups for conditioning, especially in spring, when the moisture such as Nantian is easy to invade the human body, you should pay more attention to it. In addition to diet therapy, active exercise, cupping, moxibustionAre good dehumidification methods.

But if the humidity is heavy and the spleen is weak, then only the diet can get two effects.