UFIDA (600588) Commentary Report: High-speed Growth of Cloud Service Business Optimizes Expense End to Improve Profitability

UFIDA (600588) Commentary Report: High-speed Growth of Cloud Service Business Optimizes Expenses and Enhances Profitability

Event: The company released its 2018 annual report and achieved revenue of 77.

30,000 yuan, an increase of 21 in ten years.

4%; net profit attributable to mother 6.

12 ppm, an increase of 57 in ten years.

3%; net profit attributable to non-attributed mothers is realized 5.

32 ppm, an increase of 81 in ten years.

6%.

Opinion: Cloud service business is growing rapidly, and advance receipts guarantee continued growth in performance.

The company achieved net profit attributable to mothers in 20186.

120,000 yuan, close to the upper limit of the performance forecast for developing countries.

If non-recurring gains and losses and equity incentive costs are eliminated, the company will realize net profit attributable to its mother.

6.6 billion, an increase of 57% in ten years.

Among them, the company’s software business realized income of 55.

79 ppm, a ten-year increase of 8.

7%; cloud services business realized revenue 20.

USD 9.4 billion, including cloud platform (PaaS), application services (SaaS), non-financial business operation services (BaaS) and data services (DaaS) revenue8.

51 ppm, a 108-year increase of 108.

0%; payment service income 1.

55 ppm, an increase of 81 in ten years.

8%, Internet investment and financing information service income10.

88 ppm, an increase of 51 in ten years.

8%.

In the single quarter, revenue from software and financial services more than tripled, and only cloud services (excluding finance) achieved 5 in the fourth quarter.

03 trillion, a growth rate of up to 294%.

The company realized advance receipts10.

80,000 yuan, an increase of 26 in ten years.

3%, of which cloud pre-collection is 3.

01 trillion, a year-on-year increase of 224%.

The high growth of the advance payment of the cloud business provides guarantee for the subsequent performance of the cloud business.

In addition, as of the end of 2018, the number of registered corporate customers for the cloud service business was 467.

210,000, gradually expanding the number of corporate customers 36.

190,000, an increase of 55% over the end of 2017, of which U8 Cloud’s renewal rate is as high as 82.

04%.

Expenses continued to be optimized, and R & D investment remained at a high level.

The company’s expense-side optimization effect has been remarkable. The sales expense ratio and 天津夜网 management expense ratio have fallen for two consecutive years, and the company’s profitability has continued to improve.

In addition, the company maintained a high level of R & D investment, with a total of 14 R & D expenses.

86 ppm, a 19-year increase of 19.

3%, of which cloud business R & D and promotion accounted for 48.3%.

As of the end of 2018, the number of employees of the company was 16079, and the growth of the company’s personnel was also mainly due to the growth of cloud service business and financial service business personnel.

Among them, there are 2,204 people working in the military cloud service business, 1,536 people working in the military financial services business, and 12,339 people working in the military software business and other businesses.

Company profit forecast and estimation: It is estimated that the revenue in 19-21 will be 95.

92, 118.

10 and 144.

30,000 yuan, the net profit attributable to the mother was 8.

18, 10.

53 and 13.

15 trillion, corresponding to EPS (after diluted) are 0.

43, 0.

55 and 0.

69 yuan, corresponding to 78 for PE.

13, 60.

70 and 48.

The distribution is estimated to be 64 times, giving 15 times PS for cloud service business, 25 times PE for software and financial services, corresponding to a target market value of approximately 74.8 billion, and corresponding 6-month target price of 39.

01 yuan, maintaining the “highly recommended” level.

Risk warnings: Cloud services are not growing as expected; policy advancements are not up to expectations; software and financial services are falling short of expectations.

Sinosteel International (000928) Annual Report Commentary: Results bottomed out and new signed contracts increased significantly

Sinosteel International (000928) Annual Report Commentary: Results bottomed out and new signed contracts increased significantly

Matters: The company released its 2018 annual report and achieved operating income of 83 in 2018.

6.7 billion, an increase of 3 over the same period last year.

99%; realize net profit attributable to shareholders of listed companies.

4.1 billion, an increase of 2 over the same period last year.

01%, the increase in the next ten years after deducting 21.

07%.

Implement EPS 0.

35 yuan, it is planned to distribute cash for every 10 shares.

20 yuan (including tax).

Revenue and net profit growth bottomed out and reversed, and the scale and proportion of domestic business income increased significantly: The company achieved operating income and net profit growth attributable to shareholders of listed companies in 2018, respectively.

99%, 2.

01%, the revenue growth rate has turned positive for the first time since 2014, and the growth rate of net profit attributable to mothers has changed from negative to positive earlier in 2017 and has increased significantly by 20.

6 pct.

Pioneer non-recurring gains and losses totaled 0.

5.3 billion, compared with 1 in 2017.

12 billion reduction 52.

68%, mainly due to changes in factors such as capital occupancy charges for non-financial corporate restructuring, debt restructuring gains and losses included in the current profit and loss.

Looking at the quarter, the company’s 2018Q1?
Q4 achieved revenue growth of -11 in two years.

51%, -29.

55%, 29.

57%, 22.

95%, Q3, Q4 revenue growth from negative to positive and significantly accelerated; the net profit attributable to shareholders of listed companies increased by -9.

66%, -3.

77%, -36.

62%, 46.

34%. The higher growth rate of net profit in the fourth quarter may be related to the concentrated carry-over of projects under construction.

From the perspective of business structure, the company’s main businesses respectively achieved revenue and growth (without considering segment inheritance): general engineering contracting74.

7.4 billion (+3 years ago).

39%), domestic and foreign trade 6.

7.9 billion (five years + 5).

41%), service income1.

920,000 yuan (ten years +25.

19%), accounting for 89% of total project contracting business revenue.

33%, still the company’s main source of income, while the revenue of service business grew faster.

From the perspective of market structure, domestic business achieved revenue of 51.

520,000 yuan (ten years +81.

85%), with revenue accounting for 61.
58% (+26 for one year.
37 pct); overseas business achieved revenue of 32.

150,000 yuan (-38 for the whole year).

33%), with an income share of 38.

42% (twice -26.

37).

The report shows that the increase in the revenue of the first-tier company’s internal business has penetrated, and the Huoqiu 300-ton steel project in Anhui has initially recognized revenue9.

43 billion dollars.

The profitability has decreased, the proportion of domestic business gross profit contribution has increased, and asset impairment losses have decreased. In terms of gross profit margin, the report caused the company’s comprehensive gross profit margin to reach 11.

64%, down by 2017.

5 pct, the year that the gross margin level increased since 2014.

In terms of business, gross profit margins of general contracting, domestic and foreign trade, and service business were 11.

10% (twice -2.

66 pct), 10.

49% (decade +7.

96), 33.

41% (decade +4.

95 pct).

In the report period, the gross profit contribution of the company’s general contracting business accounted for 85.

23%, its lower gross profit margin lowered the company’s overall gross profit level.

By market, the gross profit margin of domestic business was 15.

07% (one year +1.

78 pct), gross profit contribution accounted for 79.

74% (decade +47.

76 pct); overseas business gross margin is 6.

13% (year -7.

34 pct), gross profit contribution accounts for 20.

26% (decade -47.

76 pct); the proportion of long-term company’s internal business gross profit contribution has greatly increased.

In terms of period expenses, in 2018, the company’s management expenses (plus R & D expenses), sales expenses and financial expense ratios were 6 respectively.

98% (decade -0.

43), 0.

22% (one year-0.

05 pct), -0.

21% (ten years +3.

74 pct), of which the increase in financial expenses was mainly due to the recognition of the debt restructuring index income of the heavy steel project and Huoqiu project owner in 2017, which resulted in the decrease in financial expenses for the year.

In the initial period, the company suffered asset impairment loss of -1.

670,000 yuan, a decrease of 1 from last year.

US $ 7.4 billion, mainly due to the prolonged write-back of bad debt losses.

In terms of net interest rate and return on net assets, the net profit of sales can be increased.
09%, a decrease of 0 from 2017.
34 pct, mainly due to the reduction in gross profit margin; ROE (deduction) is 9.

20%, the year before 2017 slightly decreased by 0.

17.

Operating cash inflows increased, the level of interest-bearing debt increased, and there was ample surplus in monetary funds: In terms of cash flow and monetary funds, the reported net cash flow from operating activities of the combined company was 12.

31 ppm, with an inflow increase of 4 per year.

28 trillion, mainly due to the increase in new construction projects in 2018, and the increase in advance receipts; the net cash flow from investment activities was zero.

580,000 yuan, a cumulative increase of 3 in ten years.

32 trillion, mainly because some investment funds were recovered in 2018, and the use of raised funds was changed to supplement working capital; the net cash flow from financing activities was -2.

47 ppm, a reduction of 0 a year ago.

4.2 billion.

The balance of monetary funds is 30.

5.9 billion, an increase of 15 over the beginning of the period.

3 ppm, mainly due to increased operating and investment cash inflows.

In terms of capital structure, the company’s assets and liabilities were supplemented at the end of the period70.

59%, an increase of 5.
.

17 pct, but debt restructuring after excluding advances 62.

05%, which is basically the same as the end of 2017, reflecting that the increase in the company’s liabilities was mainly due to the increase in advances due to the increase in newly started projects.

According to our calculations, the company’s current interest-bearing debt (statistical short-term expenditure + long-term debt + settlement bonds + non-current debt due within one year) is 6.

$ 3.4 billion, with up to 4 interest-bearing debt / assets.

07%, the recognized interest rate denial rate helps the company to further expand its business scale.

In terms of accounts receivable, the company’s total accounts receivable and bills at the end of the period were 64.

30 trillion, a slight decrease of 0 a year.

5.9 billion.

Receivable turnover of preliminary accounts reorganized 1.

99, before 2017.

41 has an increase in contraction.

The growth rate of newly signed contracts has increased rapidly, and orders / revenues are relatively high. Actively expanding various businesses: According to the briefing on the operation of engineering business in the fourth quarter of 2018, the company gradually increased the cumulative amount of newly signed engineering contracts in 2018 by 261.

750,000 yuan, an increase of 166 in ten years.

47%, of which the total contract value of foreign projects is 69.

660,000 yuan, an increase of 33 in ten years.

19%; the total amount of national project contracts is 192.

08 million yuan, an increase of 318 in ten years.

20%.

As of the end of the reporting period, the company had implemented 211 unfinished projects, and the unfinished part had an expected income of 201.

06 ppm; 55 projects with contracts in force but not yet started, with a total contract value of 190.

2.4 billion; the above totals 391.

30 million, equivalent to 4 of the company’s operating income in 2018.

68 times, ample contract reserves, laying the necessary foundation for the company’s subsequent development.
In 2018, while continuing to consolidate its competitive advantage in the steel and metallurgical engineering industry, the company also actively expanded diversified business areas: 1) Shanxi Liheng Iron & Steel 30-pillar toluene and co-production LNG 杭州桑拿 project became the first steel and chemical cross-cutting project; 2) Inner Mongolia Jing’an 120-ton / year nickel-iron alloy project has achieved a breakthrough in the company’s general contracting technology in the field of ferroalloys; 3) Wuhan Qingshan Beihu Ecological Experimental Zone Phase I PPP project provides important water treatment and other municipal engineering business for the companyPotential; 4) The South African Platinum Mine Project is the first platinum EPC project of the company and a Chinese company in the South African mining field.

Investment companies Sinosteel Tiancheng and Sinosteel Shijiazhuangyuan also reported breakthroughs in their respective fields.
Investment suggestion: The company has obvious advantages in international operation. It is one of the Chinese companies that has initially gone 西安耍耍网 abroad in the field of metallurgical engineering and has an unquestionable reputation in overseas metallurgical engineering markets.

We are optimistic about the company’s brand advantages, technology in related fields, and contracting capacity barriers. It is predicted that the company’s revenue growth from 2019 to 2021 will be 14 respectively.

8%, 15.

9%, 15.

3%, the growth rate of net profit attributable to mothers was 18 respectively.

8%, 18.

4%, 17.

0%, the realized EPS is 0.

42, 0.

49, 0.

58 yuan.

The first coverage gives the company an Overweight-A investment rating with a 6-month target price of 7.

15 yuan, equivalent to July 2019.

0x estimated P / E ratio.

Risk warning: the actual macroeconomic fluctuations, exchange rate changes, overseas business expansion is less than expected, construction project progress is less than expected, and diversified business growth is less than expected.

Subbot (603916): Excessive orders increase gross profit margins

Subbot (603916): Excessive orders increase gross profit margins
Event: The company released the third quarter performance forecast, and it is expected to realize net profit from January to September2.44-2.5.5 billion US dollars, an annual increase of 10% to 15%, deducting non-net profit increases by 1 each year.23-1.6.4 billion, an increase of 120% -160%.Among them, Q3 achieved net profit in a single quarter1.1-1.2 trillion, performance exceeded expectations. Main points: 1. Order surplus, gross margin increase, third-quarter report exceeded expectations. The company’s rapid growth in deducting non-net profit during the reporting period 佛山桑拿网 is: 1) the company’s growth market development efforts, sales volume growth; 2) completed the testing center in April 2019The acquisition and testing center was incorporated into this period’s consolidated statement.3) Adjust product structure, reduce raw material prices, and improve product competitiveness and gross profit margin. 2. The leader of admixture industry, the concentration of beneficiary industry has increased, the concentration of admixture industry has decreased, and the demand is closely related to the downstream infrastructure.According to “Statistical Analysis of Concrete Admixture Production and Forecast of Future Market Development”, the total output of concrete admixtures in 2017 was 1,399 tons, an increase of 1 from 2015.4%.According to China Concrete Network, in 2018, the industry leader Subote has a market share of only 5.6%, the industry CR3 is 12.5%.With the improvement of environmental protection requirements, it is the general trend for small companies to withdraw from the competition. Subbott will benefit from the increased concentration of the industry.At present, the company’s total production capacity of advanced water-reducing agents (advanced water-reducing agents and high-efficiency water-reducing agents) is about 135 tons. At the end or early next year, a large amount of water-reducing agents and raw materials 52 will be replaced to replace the new capacity. 3. The company has outstanding R & D advantages, and the company that continues to launch new products has the only “State Key Laboratory of High Performance Civil Engineering Materials” in the industry.The founder of the company is an academician of the Chinese Academy of Engineering, and has a research and development team consisting of more than 100 doctors and masters, with strong continuous research and development capabilities.The company adopts “advisory marketing”, and its products have absolute competitive advantages in major projects such as axial, nuclear power, national defense, and dams.Beginning in the second half of 2018, the company’s internal and updated polycarboxylic acid water reducer has been gradually promoted, and the market demand is strong.New products continue to be launched to ensure that the company’s profitability is higher than its peers. 4. Profit forecast and rating It is estimated that the company’s net profit attributable to the mother in 2019-2021 will be 3 respectively.42,4.21, 5.440,000 yuan, corresponding to EPS1.10, 1.36, 1.75 yuan PE12X, 10X, 8X.Launch at 淡水桑拿网 15X P / E ratio of 2020 and target price of 20.85 yuan, the first coverage, given a “buy” rating. Risk warning: downstream demand growth rate, new projects reach production beyond expectations

First Brigade Hotel (600258): Attacking Hotel Giant

First Brigade Hotel (600258): Attacking Hotel Giant
The acquisition of Home Inn ranked among the top three in the hotel group.In 2016, the privatization acquired 100% equity of the leading state-owned hotel chain Rujia Group. At present, it has the first travel stock and more than 20 brand series of Rujia, covering economy to mid-to-high end, with 3,858 hotels and 38 rooms.730,000 hotels, is the third largest hotel group in developing countries. The equity incentive plan was approved, taking profit and the proportion of mid- to high-end hotel revenue as the main 深圳桑拿网 assessment criteria.On February 12, the company’s 2018 annual equity incentive plan was approved by the Beijing State-owned Assets Supervision and Administration Commission, and it is proposed to grant no more than 9.67 million shares of directors and senior management of the company, accounting for about 0 of the total share capital.99%.In addition to assessing the growth rate of net profit, the proportion of mid- to high-end hotel revenue will exceed the assessment standard. Work with Hyatt to build a new mid- to high-end brand.For the first three middle schools in the hotel industry, Huazhu introduced the mid-to-high-end hotel development strategy earlier; Jinjiang rapidly enriched the mid-to-high-end brand matrix through outsourcing acquisitions (Vienna, Platinum, and Louvre); while the size of the first-trip mid-to-high-end 重庆耍耍网 hotels was smaller,For example, the home is mainly economical, and the mid-range layout started late. It ended in 18Q3 and opened only 610 mid-to-high-end hotels. With China Living, Jinjiang is still smaller than the mass.The company announced on February 26 the establishment of a joint venture with Hyatt Hotel Group (the company holds 51% of the shares), and created a new hotel brand to target the mid-to-high end travel market. Expansion of asset-light expansion needs to be accelerated.In recent years, the directly-operated hotels are in the state of net closing (most of the newly opened stores are franchised models, and the stock economy direct-operated stores are renovated and closed down and adjusted). The number of franchised hotels has continued to increase, from 70% at the end of 16 to 18Q3. The last 76%.But with the American hotel giants (around 98%), Jinjiang (86%), and Huazhu (83%), there is still room for improvement. Investment suggestion: After the acquisition of Home Inn, it will be split into the top three in the hotel industry, with reference to the improvement space of peers in asset-light expansion and mid-to-high-end layout extension.Whether it is hand in hand with Hyatt or equity incentive, the company’s momentum to strengthen its mid-to-high-end layout is reflected.Expected 2018?The net profit attributable to the mother for 20 years is 8.7/10.1/11.400 million yuan, an increase of 37.3% / 17.1% / 12.2%, earnings per share is 1.06/1.24/1.40 yuan / share, the current expected corresponding 19/20 years is estimated to be 14/13 times, and the horizontal and vertical comparisons are on average low, with a current market value of 17.5 billion. The first coverage gives a “buy” rating. Risk reminders: Macroeconomic growth is declining, hotel industry demand is not good; the potential impact of regional emergencies on local tourism business; internal integration, the effect of the new brand is not as expected.

Sanjiang Shopping (601116) Company Express: Hangzhou, Zhejiang and Hainan’s sales impacted revenue in the third quarter

Sanjiang Shopping (601116) Company Express: Hangzhou, Zhejiang and Hainan’s sales impacted revenue in the third quarter

The company disclosed three quarterly reports.

Revenue for the first three quarters of 30.

75 ppm, a decrease of 2 per year.

12%, net profit attributable to mother 1.

370,000 yuan, an annual increase of 70.

92%, basic profit income is 0.

25 yuan.

The third 北京桑拿洗浴保健 quarter revenue was 9.

80 ppm, a decrease of 7 per year.

94%, net profit attributable to mothers is 24.45 million yuan, an annual increase of 6.

29%.

Key points of investment Hangzhou, Zhejiang and the sea affected the revenue, and the net profit in the third quarter increased steadily: the revenue side, the company Q1, Q2, Q3 achieved revenue growth2.

4%, -0.

1%, -7.

9%, the third quarter revenue growth indicators, mainly from closing stores in the first half of the year and Hangzhou and Zhejiang sea out of the watch.

The two Hema stores in Hangzhou and Zhejiang accounted for about 7% of the company’s revenue in 18 years.

On the net profit side, the companies Q1, Q2, and Q3 achieved net profit increase of 40%, 215%, and 6.
.

3%, the third quarter net profit grew steadily, the growth rate was mainly affected by changes in single quarter revenue.

Ali Zhan ‘s decision to promote the increase of net interest rate, inventory turnover continued to be faster than comparable companies: In terms of profitability, the company ‘s direct acquisition ratio increased in the third and third quarters, pushing the gross profit rate down slightly.

06pct to 24.

12%, omni-channel transformation and store expansion increased the sales expense ratio by 1.

25pct to 20.

06%, the management expense rate increased by 0 in ten years.

27 points to 3.

At 01%, Ali’s fall to the ground pushed the financial expense ratio down to -2.

62%, the final company’s net interest rate extended by 0.

33pct to 2.

49%.

In terms of inventory, Sanjiang Shopping’s inventory turnover rate in the first three quarters was about 7.

7, continue to be higher than Yonghui Supermarket, Jiajiayue and other comparable companies.

In terms of cash flow, the company’s cash inflows from operating activities in the third and third quarters may have fallen respectively6.

5%, 7.

0%, the final net operating cash flow slightly decreases by 1.
.

9%.

Fund-raising projects are expected to promote scale growth: The non-public issuance of fund-raising investment projects that were launched in 2018 will be modified to complement the chain supermarket development project. It is planned to invest 400 million US dollars, build 100 new small stores and open 30 community stores within 3 years.

By 2022, the number of company supermarkets is expected to reach about 160, with a compound annual growth rate of about 7%; the number of neighborhood stores is expected to be nearly 180, with a compound annual growth rate of about 26%.
The orderly expansion of the number of channels will help promote the company’s continued improvement in revenue.

Investment suggestion: Sanjiang Shopping is a regional supermarket leader based in Ningbo. Hangzhou Zhehai Huadi has an impact on revenue.
Fund-raising projects bring channel outreach, new retail transformation promotes endogenous growth, and work with Ali to improve supply chain efficiency.

We predict that the company’s annual revenue from 2019 to 2021 will be 0.

29, 0.

28 and 0.

31 yuan.

Return on net assets were 5.

0%, 4.

9% and 5.

3%.

At present, the company’s PE (2019E) is about 50 times, and the “overweight-A” recommendation is maintained.

Risk warning: cooperation with Alibaba may be less than expected; the decrease in supermarket stores will affect revenue growth; the effect of retail transformation may be less than expected; savings in the early stage of channel expansion and increase in expenses

Hengli Petrochemical (600346): Refining and petrochemical projects are in full production and their performance is gradually increasing. Ethylene, PTA and other projects are rapidly advancing in the future.

Hengli Petrochemical (600346): Refining and petrochemical projects are in full production and their performance is gradually increasing. Ethylene, PTA and other projects are rapidly advancing in the future.

Investment Highlights Event: Hengli Petrochemical released the third quarter report of 2019, and the company achieved operating income of 763 in the first 合肥夜网 three quarters of 2019.

29 ppm, a 74-year increase of 74.

14%; realized net profit attributable to shareholders of listed companies 68.

1.7 billion, an annual increase of 86.

64%; realized basic profit income of 0.

98 yuan, a year-on-year increase of 75%; net cash flow from operating activities in the first three quarters was 266.

24 ppm, an increase of 368 in ten years.

70%.

In Q3 2019, the company achieved operating income of 339.

950,000 yuan, an increase of 95 in ten years.

61%, a month-on-month increase of 24.

61%; net profit attributable to shareholders of listed companies in a single quarter.

96 trillion, an increase of 57 in ten years.

95%, compared with 20 formaldehyde.

45%.

We maintain our investment rating of “Prudent Overweight”.

The initial refining and chemical project of Hengli Refining and Chemical 2000 was successfully put into operation, and the rapid growth in the production and sales of refining products helped the company’s performance improve; in the third quarter of 2019, the company’s production and sales scale increased month-on-month and the gross profit increased, but the company’s taxes and additional managementThe cracks in the increase in financial expenses dragged down the company’s performance from the previous quarter.

The company’s 2000 level 1 refining and chemical integration project has successfully completed the entire process. It is expected that Q3 will run at full capacity. On the whole, the overall cost of the refining and chemical project is strong, competitive and profitable.

In addition to the refining and chemical project, the company also expanded the industrial chain, carrying out 150 vinyl resin projects, 500 PTA projects, 135 long silk projects and 20 tons of high-efficiency automotive silk projects. With the 西安耍耍网 planned project’s commissioning, the company’s productsThe type and scale will continue to expand.

We adjust company 2019?
The EPS forecast for 2021 is 1 respectively.

34, 1.

68 and 1.

93 yuan, maintaining the investment rating of “prudent increase”.

Risk reminders: the risk of a sharp drop in international crude oil prices; the risk of worsening Sino-U.S. Trade frictions; and the risk that the final demand for polyester polyester is worse than expected.

Yoga Nine-style excess meat is no longer coming

Yoga Nine-style excess meat is no longer coming

Focusing on weight loss exercise, many people will think of yoga by accident. Yes, yoga is a training of muscle and function of some people, so that you can achieve better bodybuilding and bodybuilding effects. Take a look at the following nine yoga exercises to make you lose weight.

  动作一1,站姿,双腿略微分开,双手伸直,自然放在身体身体2,双手往头顶上方高举,同时双腿往外跳开,注意动作要迅速,重复做10-15次动作二   1, Standing position, legs open slightly wider than shoulders, hands flat 2 on both sides, arms crossed on the chest, jumping up at the same time, landing action legs crossed.

Repeat 10-15 times. Move 3, stand, spread your legs slightly wider than your shoulders, align slightly, bend your hands together with your chest 2 and turn your upper body to the right, while turning your hands along with your upper body, then changeOn the right, repeat 30 moves for four times alternately. 1. Open your legs slightly wider than your shoulders, align slightly, bend your upper body downward, bend your hands with both hands, bend your hands to 90 degrees 3, keep your hind arms still, and turn your forearms upward.

Repeat 15 moves five times. 1. Kneeling position, straight left arm, support forearm, right hand fist, elbow bent at 90 degrees, right leg extended straight back 2 and right leg raised upward, left hand extended upward at the same time.Straight, keep it for 5 seconds, repeat 15 moves six times, 1. Stand on your back, straighten your hands to support the ground, spread your right leg to shoulder width, keep your body in a straight line 2, bend your right leg forward, touch your toes to the ground, keep 5Second, return to start the action, repeat the action 6-7 times on each side, 7.1, lie on your side, put your hands together and stretch straight on the body, straighten your right leg, bend your left leg to 90 degrees 2 and move your right hand to the right side of your body, followed by your upper body.Turn to the right, hold for 5 seconds, return to the beginning of the action, repeat 8-10 times, and then change the side to perform the action 8-1, lean down, palms and soles support the ground, lift upwards, showing a downward dog shape 2, right legBend to your chest, lower your hips 3, lift your right hand towards the ceiling, and look at your fingers.

Repeat the other side, repeating the exercise 10 times. Nine one, standing position, legs open and shoulder width, hands straight forward and flat 2, the right leg is bent, the body is to the right side, and the left leg is kept straight.3, the left leg is bent to extend behind the right leg, the action is repeated 6-8 times, and then the side is changed

Women’s Health in Traditional Chinese Medicine

Women’s Health in Traditional Chinese Medicine

Chinese medicine believes that regular weight and reasonable combination are the basic principles of “food and nutrition”. At the same time, the food must be diverse and reasonable, and the taste is moderate. When eating, you should chew slowly and avoid overeating.

In addition, food must be adapted to age, physical fitness, regional environment, and seasonal weather.

  The way of eating food is about food that tastes good and has high nutritional value. People naturally like to eat more, but Chinese medicine believes that the nutritional value of the food itself is important, and its consumption method is also important for the absorption of food nutrition and gastrointestinal health.

  Eating on time is the key to maintaining the body’s rhythmic absorption and utilization of nutrients, and is one of the important factors in food and nutrition.

Moderate diet is one of the important moments to maintain the balance of yin and yang of the human body.

  Chewing slowly can fully play the role of body fluids to irrigate the five internal organs and moisturize the body.

Due to the various enzymes, vitamins, organic acids and other substances in the body fluid, it can help digestion, clean the mouth, antibacterial, anti-toxic and anti-cancer effects, overeating, overeating, pampering the appetite, eating and drinking, and it is easy to damageThe spleen and stomach cannot be fully digested, and the violent gas easily erodes the internal organs and causes diseases.

  Food also has “four flavors and five flavors”. Chinese medicine believes that food has cold, hot, warm, and cool attributes, as well as five flavors of sour, bitter, bitter, salty, and sweet.

The difference in the properties and taste of food affects the different effects on the body.

  Cold and cold foods are good for hot diseases.

Such as: bitter melon cold, can clear heat and detoxify, can be used for fever or thirst due to summer heat, liver pain caused by red eyes.

Coldness and coldness are only different degrees. For example, apples and bananas are cold fruits, and they all have the effect of thirst and quench thirst.

The benefits of hot, warm foods on coldness.

Such as: mutton and dog meat are warm in nature, both have the function of warming the kidney and warming, can be used for spleen and kidney deficiency cold abdominal pain and less food, waist and knee soft, impotence.

  At the same time, Chinese medicine believes that different food tastes have different effects.

The sour taste can collect and astringent, such as cherry can nourish liver and kidney and stop diarrhea; Xin can disperse, such as light onion, coriander can disperse wind and cold; bitterness can release fire, such as bitter melon can clear away heat, relieve heat and detoxify.

  The salty taste can be soft and firm, such as laver and kelp can be soft and firm.

Sweet taste can tonic, such as longan meat can nourish the spleen and stomach, nourish blood and soothe the nerves; jujube can nourish the spleen and stomach, nourish qi and blood.

Test: Will you grab a friend’s boyfriend?

Test: Will you grab a friend’s boyfriend?

Translation: If your good friend wears a very beautiful and chic jewelry, you also like this jewelry very much, would you?

Ask her where she bought it, and quickly buy one. I thought it might be expensive, and I did n’t like wearing the same jewelry as her, showing envious expressions. Borrowing it from her did n’t suit him.  Test results: 1.

Choose “Ask her where to buy, and quickly buy one.” You will not grab someone’s lover, even if you like it, but just keep it in your heart; but you will use him as the standard and choose a lover with similar conditions. YouKnowing how to choose a partner, as long as you have the opportunity, you will definitely find the ideal partner.

2.

Choose “I may be expensive, and I don’t like to wear the same accessories as her.” You have a personality that is easy to meet, does not compete with others, and does not grab other people’s partners.

You have your own taste and value your spiritual life, so you will choose a partner with similar personalities and good feelings. You are a person who can enjoy your marriage life, and you are very low-key on this issue.

3.

Choose “Show an envious expression and borrow from her to wear it.” You can’t help but show your friend’s lover. Although not completely intentional, if the time comes, you may have a friend’s lover.

Your passion and enthusiasm make your emotional life very rich, have many friends, and have many opportunities for love.

4.

Choose “I don’t think it’s suitable for her to wear. Ask her to wear it yourself.” You are a character who will not let others compete.

Full of self-confidence and good conditions. He knows competition and is often a winner.

On the battlefield of love, you have extra opportunities to show your skills, and you can definitely get your favorite lover!

Skin care plan lies in perfect skin care in three steps in spring_1

Skin care plan lies in perfect skin care in three steps in spring

Spring is here. Every time the winter and spring meet, the biggest accumulation of skin is dryness and sensitivity, and the temperature and humidity are in the range of changes during the season. Dryness, tightness, and fine lines pass through.Do you get old overnight?

Start skin care work now and do it well, you must choose the right skin care method for the season!

  When the season changes, the skin tends to become dull, the maintenance penetration becomes worse, the powder makeup is not suitable, and the skin is rough.

The skin evaporates and loses half a liter of water every day. If it encounters seasonal changes, the accumulation of the skin will decrease, especially the accumulation of the stratum corneum, which will cause dryness and sensitivity of the skin, and even cause fine lines, cracks, and acceleration.As skin ages, it’s time to start paying attention to skin care issues.

You know, the wrong maintenance method will make it easier for you to grow up quickly. Now I will teach you how to properly maintain for different types of skin and keep you away from the skin erosion in different seasons.

  Dry skin is the most common type of skin. Especially when the season changes, the humidity of the air changes rapidly, resulting in a faster water evaporation rate. Naturally, more severe water loss will occur. The skin will start to become rough, dull and even peeling, requiring moisturization.It locks moisture in the stratum corneum, reduces water loss, and increases the amount of stratum corneum stacked.

  三步解决方案:  L’OREAL巴黎欧莱雅完美保湿组合  L’OREAL巴黎欧莱雅完美保湿组合  巴黎欧莱雅清润全日保湿水精华120元/50ml  巴黎欧莱雅清润全日保湿特润霜120元/50ml  巴黎欧莱雅清润水感面膜150 yuan / 100ml L’Oreal Paris perfect moisturizing combination can provide deep hydration and long-term moisture retention for dry skin.

First use the original moisture moisturizing water essence, which will be transformed into water immediately upon contact with the skin. It will provide nutrients and required minerals to the skin, and the excellent moisturizing ingredients can be transported directly to the deep skin.

Then use special moisturizer to let the moisture infuse the skin immediately, and lock it together with moisture and nutrition to bring a long-lasting moisturizing effect.

You can also use the water-sensitive mask to strengthen the hydration weekly. First, use the mask to add a large amount of water to the skin in a short time. The skin is suddenly filled with water from the deep, and then the moisturizing residue is locked with water essence and cream to keep the moisture in thePerformed perfectly in the trilogy.

  Sensitive skin Now more and more people are beginning to have skin sensitivity issues, but even sensitive skin needs to be moisturized when changing seasons, replacing less irritating products, and being sensitive behind the ears before useAfter the sexual test, make sure that your skin can adapt to the product, then perform skin care.

  Three-step solution: CLINIQUE Clinique Classic Trilogy Clinique Cleansing Soap 160 yuan / 100g Clinique Cleansing Water No. 2 180 yuan / 200ml Clinique body lotion (paste) 200 yuan / 50ml Clinique classic trilogy passed the skin test, thisFor skin-like people, first use Clinique mild cleansing soap to clean the skin, so that the skin stays fresh, clean, comfortable, and has no dry and tight feeling.

According to the sensitive situation, Clinique No. 1 or No. 2 cleanser is then used to effectively remove the dead skin cells on the skin surface, which is easy for the moisturizer to absorb and make the skin smooth and soft.

Finally, using oil, the formula is exactly the same as the skin’s natural moisturizing ingredients, replicating the natural water-oil balance, effectively preventing skin moisture loss and allergies, making the skin instantly become a wet sponge that is good at introducing nutrients.

  The interaction of aging skin genes and environmental accumulation, the skin begins to deteriorate gradually, transforming the aging of the skin, the skin’s own water-holding capacity also begins to decline, and dry skin, dullness, wrinkles, decreased skin elasticity, etc. will occur, so the skin is aging.In addition to deep moisturizing treatment, it also needs to resist aging.

  Three-step solution: LA MER sea blue mystery classic sambo sea blue mystery cream 1500 yuan / 30ml sea blue mystery concentrated repair eye cream 1800 yuan / 15ml sea blue mystery firming essence 2600 yuan / 30ml skin moisturizing, tightening synchronization,Entering nutrients with sea blue mysterious firming essence can stimulate the regeneration of collagen and elastic fibers, and then use eye cream to promote blood circulation in the eye, improve dark circles and puffiness, and use a special silver introduction rod.Instantly soothes the skin around the eyes.

Finally, the classic cream of the mystery of the sea blue is used. The core ingredient is “Magic Active Extract”, which has excellent repair, moisturizing and moisturizing functions. It can provide the skin with the most nourishment and help the skin restore the most natural and healthy balanceThe state makes you have soft, smooth, bright and moisturized skin.