“Chengyu was small before,Don’t understand the difficulties of uncles and aunts,Now his ideas will naturally change,In his heart,Mom and Dad are the most important,Auntie, don’t be sad。”

“Auntie is not sad,Just a little bit emotional,Chengyu is very sensible now,I can listen to different opinions,My father and I are very pleased。”
AThe only relative in the city is gone,He still refuses to go home,Mr. Zhou and Mrs. Zhou don’t understand,Learned he was for a woman,So I don’t force him to come back anymore。
Who knows that when I come back, I call for help,Although it was framed,But the problem still lies with him,No matter how annoyed, we must solve the problem first,Must be handled,There will be no difference in the future。
I’m not happy,It’s misfortune for my son to be calculated,So lucky to go home,Years of exercise,His ability and courage have greatly improved,Can take over the company,The credit for all this is Yang Liu,Mrs. Zhou can’t figure out whether she should be gratified or sad。
Yang Liu didn’t know what Mrs. Zhou was thinking,Since having a child,Deeply understand the difficulty of being a parent,In the dead of night,She will reflect on what she has done over the years,To the father who has always loved her,Repay a deep guilt。
Turn around and hug Mrs. Zhou,Comforting softly in her ear,“Aunt,Don’t be sad,Everyone’s fate is arranged by heaven,Even if you want to compete, you can’t compete。no matter what happens,Are all destined,so,Don’t always think about the past,You and Chengyu are mother and son,This is an unchangeable fact,I didn’t see that he was not kissing you,It’s just that men are restrained,It’s not like we women cry when they want to cry,You have to believe,He is the person who loves you most in this world。”
Destined?Mrs. Zhou wiped away the tears from the corners of her eyes,Looking at willow incredulously,Such a young girl,How can you have the mentality of an old man?
Yangliu naturally saw what she thought,Can’t help nodding,My mood is indeed much older,“Aunt,Although Chengyu has suffered a lot,,But his efforts and achievements it’s the same,If not……
Mrs. Zhou sees her stuck,Knowing that she remembered the unpleasant things again,Quickly turn off the topic,“Yiyi,Come and taste,I made this ribs corn soup,Have been cooking for an afternoon,The ribs are so crispy,Corn is sweet and soft,Zhou Zhou likes it the most,I’ll serve it alone for him later,If we don’t like it, add some salt.。”
Mr. Zhou and Mrs. Zhou are so kind to their mother and child,She and Chengyu are friends,It’s normal for a friend to have two ribs,I didn’t expect such a generous return in exchange for。
Yangliu’s eye circles are red,“Aunt,You are so good to us,I don’t know how to thank you。”
Mrs. Zhou gave her an unhappy look,Feint:“What are you talking about?When you and your mom wanted to sell the house to save Chengyu,Ever wanted to repay?I’ll say this later,Auntie is going to be angry。”
Mr. Zhou didn’t know when he came,Hear my wife’s words,Very agree,“Yiyi,These years,Haven’t you considered us as a family??”
Yangliu didn’t mean that,Just about to explain,Was interrupted again,“You helped us Chengyu before,Still helping him,This is between you,We have no right to intervene,Zhouzhou,”
Zhou Zilin hugged Xiaodoudinger who was following,Looked at with a smile,“Zhouzhou is our grandson,Bring countless joy to our old couple,Just by this,You don’t have to be grateful。”
Continent where people look the most,Immediately kiss Zhou Zilin on the face,“Zhouzhou loves grandpa the most。”
See grandpa wink,Xiaodoudinger understands,Turn your head and look at grandma,“Zhouzhou loves grandma the most。”Thought for a while,Added:“Zhou Zhou loves his mother the most,I love uncle the most。”
names not listed in order,There is no favoritism,The family is his favorite。

The leader of the Dark Dragon is very wise,All of a sudden, I got an insight into the key points of the battlefield change。

then,It spreads its wings,Flew straight to the space battleship。
Live broadcast via satellite communications,All humans on the earth are watching this battle for the survival of the entire human race。
When they saw the biggest and strongest demon in the sky flying towards the space battleship representing human hope,Stood up excitedly,Someone cursed,Someone prays,But more people are meditating in their hearts,Hope someone can stop that demon,Don’t let it break the last hope of mankind。
Lu Menglin sat on the bow of the ship,At the moment the leader of the dark dragon appeared,He has discovered the existence of the other party。
Because of the strong and deep space energy of the opponent,It’s so noticeable。
The leader of this dark dragon,Stronger than all the dark monsters Lu Menglin has seen before,Because of the spatial energy in its body,As if endless,Bottomless。
No wonder the leader of this dark dragon came out,It disturbs the earth world,Even Daoist Li Shixing died under its clutches,Beat the human coalition to almost lose confidence。
The leader of the dark dragon in the sky also found Lu Menglin,It doesn’t understand,A human,Why sit there alone,Seems to be waiting for myself。
“Terran,Where did these light-weave weapons and equipment come from?”The leader of the Dark Dragon is very cautious,Did not launch the attack immediately,Instead, it hovered in the sky above Lu Menglin’s head,Whispered。
Lu Menglin raised his head,Took a look at that mighty big guy,Smiled and hooked his fingers,Loud voice:“You come down!I’ll tell you when I come down!”
“This ship does not belong to the human race,It’s not a creation of the god nation!Do you dare to challenge my confidence,Is it from it??”The Lord of Dark Dragon roared。
Lu Menglin shook his head,Smiled:“I’m too lazy to talk nonsense with you,Come down and have a good fight!I’ll tell you if I win!Hey,You are not afraid to fight?”
The leader of the dark dragon raised his head,Actually made an action similar to the human beings who laughed。
“you look like,A little better than the human races I killed last time,Let me send you into the realm of eternal death!”

after all,In case I admit it myself,Who knows what Xiao Fan will say to him in a while?!

so,For the pot Xiao Fan insisted on throwing himself,Lin Yoona can’t memorize anything。
Xiao Fan heard Lin Yuner’s answer,The whole person is almost stunned,What plane,This sentence is clearly what Lin Yuner said to herself just now。
but,right now,She didn’t admit it in an instant!
Xiao Fan is really very confused now,The beauty who is sitting in her own co-pilot now,Is she still her gentle wife?。
Why today,Xiao Fan suddenly felt that she was not the Lin Yooner she was familiar with.!
Own wife,The Lin Yoona I knew before is very gentle and virtuous。
But now Lin Yoona really doesn’t care how he looks,That’s not very reasonable!
What about Lin Yoona at this time?,She still has no guilty conscience at this moment,Just look at Xiao Fan,It looks like what I said is wrong。
Xiao Fan also said that he was really helpless。
Ok,You are my woman,Your biggest!
You just say everything。
but,Although Xiao Fan didn’t care about what Lin Yuner said just now,But she still asked Yoona:“That’s the one,Yoona,Can i ask you a question?”
“Just ask,You said,I’m listening!”Lin Yuner said indifferently。
“That one,If i remember correctly,Just now,Why didn’t you say that sentence?,You didn’t tell me like that,That’s why I unreservedly tell you the truest thoughts in my heart?”Xiao Fan asked suspiciously。
“no!Of course not what I said!Because that sentence is what you Xiao Fan said,Not what Lin Yoona said。”Lin Yoona still insists on her opinion。
“but.but.”Xiao Fan, who has always been eloquent, suddenly felt that his words were poor。
damn it!

[Effects of Papaya Snow Ha]_ Papaya Snow Ha _ Benefits _ Possibility

[Effects of Papaya Snow Ha]_ Papaya Snow Ha _ Benefits _ Possibility

The nutritional value of Papaya Xueha is relatively high. The snow clam is rich in multivitamins and trace elements, and the papaya is rich in a variety of amino acids and calcium and iron. These nutrients are reasonably matched and are good for various nutrients in our bodyYes, it has the effect of prolonging life, and the specific method can be understood through preliminary.

First, method 1, soak the snow clams with water for several hours until it becomes white cotton balls; 2. In addition to clean impurities, bloodshots, especially bloodshots, must be removed.Moisture stands by.

4. Put the soaked snow clam and rock sugar in the pot and simmer for half an hour.

5. Put the diced papaya into the stewed snow clam, continue to simmer for 10 minutes and add milk to serve.

Second, snow clam is a precious frog species that grows in the Xiaoxinganling forest area in northeast China. Because it hibernates in the snow for more than 100 days in winter, it is called “snow clam”.

Forest frog oil is also called snow clam oil, which is recorded in the herb.

Since the Ming Dynasty, it has been listed as one of the four mountain treasures (bear’s paw, forest frog, flying dragon, monkey head).

Since the Qing Dynasty as a tribute.

Rana frog oil contains 4 hormones, 9 vitamins, 13 trace elements and 18 amino acids, as well as a variety of ketones, alcohols, and metabolic bioactive factors.

Third, papaya Papaya is actually a papaya that is eaten as a fruit. The skin is smooth and beautiful, the flesh is thick and detailed, the aroma is rich, the juice is rich, sweet and delicious, and the nutrition is rich.”Shouquanquan” is one of the four famous fruits in Lingnan.

More than 17 kinds of amino acids of papaya, calcium, iron, etc., also contains papain, papaya.

Half a medium-sized papaya is enough to provide vitamin C for adults throughout the day.

Papaya is known in China as “Mongshou fruit”. As the name suggests, eating more can prolong life.

[Efficacy of Ginger Coriander Brown Sugar Water]_Function_Benefits

In the end, we arrested Ning Ge, arrested Ning Ge, stricken and rugged, up and down, as well as the world’s economy, and the world’s economy.Cockroach, tea, tea, tea, food, food, beverage, food, food, beverage, food, beverage, food, beverage, food, beverage, food, beverage, food, beverage, food, beverage, food, beverage, food, beverage, food, beverage, food, food, beverage, food锽濅竴鐐圭敓濮滈鑿滅孩绯栨按锛屾湁寰堝ソ鐨勬俯鑳冨吇鑳冪殑浣滅敤锛屽湪缂撹В鑳冪棝锛岄闃茶儍鑳€鏂归潰鑳藉鍙戞尌涓€瀹氱殑浣滅敤锛屽鑳冮儴鏈夊緢濂界殑娓╄ˉ鐨勫姛鏁堛€傜敓濮滈鑿滅孩绯栨按鐨勫姛鏁堝皬缂栧氨缁欏ぇ瀹舵帹鑽愪竴涓不鐤楄儍鐥呯殑濂藉亸鏂广€?鏉愭枡锛氱敓濮溿€侀鑿溿€佺孩绯?What is the best way to do it?0 鍏?What’s the problem?0鍏嬬敓濮滄礂鍑€鍒囩墖锛岀劧鍚庡拰10鍏嬬孩绯栦竴璧锋斁鍏ユ矙閿咃紝鍔犳按400姣崌锛岀敤涓伀鐓?0 Rouxian Zhatichongchi Benhannancha wa Renjiaoyiyuan 1 Jigu Renroujiyi Xiuqingfurao ℃ Qimoyongchi Feijuehanhu  Hamamatsu Nan?鍓傦紝鑳冨氨涓嶇柤浜嗛鑿溾€滄€у懗杈涙俯棣欑獪锛屽唴閫氬績鑴撅紝澶栬揪鍥涜偄鈥濓紝鍏锋湁鍜岃儍璋冧腑鐨勫姛鏁堛€傜敱浜庨鑿滃叿鏈?It ‘s hard to make a break, it ‘s broken, it ‘s a bit hard to see, it ‘s a bit hard to see, it ‘s very hard to see what ‘s going on, what ‘s going on, what ‘s going on, what ‘s going on, what ‘s going on, what ‘s going on, what ‘s going on, what ‘s going on?What’s the matter? Do you want to borrow?  銆 傜 濮 揮?鏇存槸鑽敤浠峰€煎緢楂樼殑椋熺墿锛屽彲缂撹В鑳冮儴涓嶉€傦紝闃叉不鍙嶈儍鍜屽憰鍚愩€傞櫎姝や箣澶栵紝鐢熷杩樿兘淇冭繘琛€娑插惊鐜紝缂?瑙g敱浜庡彈瀵掗€犳垚鐨勮儍鐥涳紝涔熷氨鏄儍閮ㄥ喎鐥涚殑鐥囩姸銆傛澶栵紝璇ュ亸鏂规墍鐢ㄧ殑鏉愭枡閮芥槸椋熸潗锛屽鑳冮儴璋冨吇鏈夌泭 鏃犲锛屼笉浼氫骇鐢熷壇浣滅敤銆傚浜庣粡甯歌儍涓嶈垝鏈嶇殑锛屼Sorry, the monkeys are stunned, the monkeys are stunned, and the monkeys are stunned, the worms are stunned, the worms are stunned, and the worms are stunned.The chains are very effective, and the northern diamonds are the most popular. They are all in the world. They are all in the world. They are all in the world.ゅ  『屽 北 钻  湁 Qi 氇 姢 姳 冨  姫 姛 叛 堁 庩 溩 溭 尭 尭 尭 尭 尋 尬 尬 尬 啫 农 氬 啫 农 啫 农 尜 啫 农 圜 农 尜 尜 啜 农)钻蒙锛岃惀鍏诲張鍏昏儍涓侀鍛宠緵鎬ф俯锛屽叿鏈夋俯涓檷閫嗙殑浣滅敤銆傚畠杩樻槸涓€鍛冲緢濂界殑娓╄儍鑽紝瀵圭敱瀵掗偑寮曡捣鐨勮儍鐥涖€佸憰鍚愩€佸憙閫嗐€佽吂鐥涖€佹硠娉绘湁寰堝ソ鐨勪綔鐢ㄣ€傛澶栵紝瀹冨惈鏈変竵棣欐补锛屽浜庤嚧鐥呮€х湡鑿屽強钁¤悇鐞冭弻銆佺棦鐤惧拰澶ц偁鏉嗚弻绛夋湁鎶戝埗浣滅敤锛屽叿鏈夊緢寮虹殑鏉€鐏菇闂ㄨ灪鏉嗚弻鐨勪綔鐢ㄣ€傜孩钖敎绮ヤ篃寰堝吇鑳冪孩钖惈鏈変赴瀵岀殑娣€绮夛紝鑶抽绾ょ淮銆佽儭钀濆崪绱犮€佺淮鐢熺礌A銆佺淮鐢C, C, C, C, C, C, C, C, C, C, C, C, C, C, C, C, C, C, C, C, C, C, C, C, C, C, C, D, E, C, D, E, D, D, D, D, D, D, D, D, D, D, D both0浣欑寰噺鍏冪礌銆傛绮ュ彲鍋ヨ劸寮€鑳冦€佽ˉ姘斿畨绁炪€佹竻蹇冨吇琛€鐨勪綔鐢ㄣ€傛潗鏂欙細绾㈣柉150鍏嬶紝绮崇背50鍏嬶紝涔屾鑲?5鍏嬶紝绯栭€傞噺銆?銆佸皢绾㈣柉鍓婂幓澶栫毊锛屾礂鍑€鍚庡垏鎴愪竵锛屾斁娌告按閿呭唴鐒竴涓嬶紝鎹炲嚭澶囩敤;涔屾鑲夋礂鍑€锛屽垏鎴愬皬鍧楀緟鐢ㄣ€傜渤绫崇敤娓呮按娣樻礂骞插噣锛屾斁鍦ㄧ泦鍐咃紝鍔犱笂娓呮按250姣崌锛屼笂灞夎捀10鍒嗛挓锛屽彇鍑恒€?TOWER Xingwa Wanchiduwei ヨ Fenglianjieqing Qichongchongben Anaiechai Aiweiqian 600 Jiao  Ju Moquanhaiyang  Waixia Wuzuzixi Gan Benwufuzun  Xiao tweezers Bugs heavy rope狅 纴 鏀 Fear 叆 瑫 揜 迪 Bian 寲 寲 冲 彲 銆?

A-share upward logic is still gradually performing the main line layout

A-share upward logic is still gradually performing the main line layout

For stocks, please read Jin Qilin analyst research report, authoritative, professional, timely, and comprehensive, to help you tap potential potential opportunities!

  Original title: A-share upward logic is still in a gradual and progressive mainline layout. □ Our reporter, Niu Zhongyi, on January 21st, the three major A-share stock indexes were replaced across the board.

Among them, the Shanghai stock index closed down by 1.

41% to close at 3052.

14 points; Shen Cheng refers to a decline of 1.

46% to 10953.

41 points; the ChiNext Index fell 0.

76% to 1967.

03 o’clock.

On the disk, pharmaceutical stocks strengthened against the market, and some leading technology stocks also performed strongly.

  The analysis points out that profit recovery, mild policies, and a fall in the risk premium are the main driving factors of market growth since December 2019. At present, the logic of rebound is still valid.

  The spring market is expected to continue on January 21st. The Shanghai Index maintains a weak shock throughout the day. From the technical surface, on the 21st, the Shanghai Index no longer falls below the 20-day moving average and covers the upward gap on January 2nd.Spring market will be preliminary?

The Spring Festival is approaching, do investors want to hold currency for the holiday?

  Haitong Securities said that the index is likely to remain in a narrow range before the Spring Festival holiday, but based on the current monetary policy and the internal and external environment, it remains optimistic about the market after the holiday and the structural market is easy to continue.

  In addition to holding money or holding stocks, Huaxin Securities’ strategic research points out that holding stocks is a better option for investors.

The agency said that the probability of the wind-wide A index gaining 60% over the past decade.

In terms of industries, including the consumption, transportation, and semiconductor industries, the probability of increase is over 70%.

According to statistics, in the past ten years, the A-share market in the last week before the holiday has almost become popular across the board.

  Great Wall Securities stated that under the background of global “asset shortage”, the underestimation and growth of A-shares have better investment attractiveness, and the trend of long-term net foreign inflows into A-shares has not changed.

  The three main lines Nuggets Huachuang Securities proposed to grasp the current market according to the three main lines.

First of all, under the situation that risk expectations are trending upward and market liquidity remains friendly, the TMT sector continues to be optimistic. The GEM blue chips are expected to continue to trigger the market style; second, the industry-side supply-side changes have undergone profound changes.

Under the expectation of economic improvement, based on the mid-stream structural replenishment logic, the infrastructure, automobile and real estate completion chain is a structural highlight, which can focus on light industry manufacturing, textiles and apparel, automobiles, machinery, home appliances, and chemical industries; finally, the theme of the recent stageSexual attractions are active, and you can focus on technology-themed opportunities such as domestic substitution, consumer electronics, semiconductors, new energy vehicles, and Internet finance.

  Guotai Junan said that the spring market is expected to continue, and it is recommended to choose a new “β” direction in the industry configuration, including banks, machinery, pharmaceuticals, and industries that are expected to grow faster than expected under reverse conversion, such as media, automobiles and computers.

In terms of segmentation of industries, from the perspective of the cost of configuration, it is recommended to pay attention to the industry’s concentration, which has a lot of room for improvement. The existing industry’s prosperity, by 2020, the profit recovery rate, replacement, 成都桑拿网 industries that have significant advantages over industry leaders, including panels,Aviation, hotels, real estate, paper packaging.

  BOC International stated that following the main line of performance, it is recommended to pay attention to opportunities for growth sector performance exceeding expectations.

In the short term, the market ‘s liquidity will be tightly balanced before the holiday. Through the update of the quarterly report of the first quarter of 2020, the market ‘s attention to performance factors will continue to increase.

It is expected that the impairment of goodwill in 2019 will have a weaker impact on the company’s earnings. The growth of the growth sector represented by the GEM is expected to recover.

Collix (603808): Acquisition of the remaining 43% equity in IRO to strengthen multi-brand control

Collix (603808): Acquisition of the remaining 43% equity in IRO to strengthen multi-brand control

Event: The company announced its intention to pass a wholly-owned subsidiary Dongming International for 89.5 million euros (about RMB 6).

(97 ppm) acquired 43% equity of ADON WORLD from its holder (the target holds 100% equity of the IRO brand) from ELYONE SARL, thereby achieving 100% ownership of the IRO 杭州桑拿 brand.

Before the acquisition, Qianhai Lin (a wholly-owned subsidiary of the company) and the counterparty ELYONE held 57% and 43% equity in ADON WORLD. After the transaction is completed, the company will hold ADON WORD57 through Qianhai Lin and Dongming International.%, 43% equity.

According to the Supplementary Agreement on Selling and Buying signed in 2016, this transaction is estimated by EBITDA, with an estimated multiple of approximately 10 times.

Comments: IRO brand: French designer brand with global sales and distribution. IRO brand is a young and fashionable designer brand in French cities. Founded in Paris in 2005, it pursues the streets with the design concept of “street girls and fashionable women”Feeling the French simple style, the category includes men’s and women’s clothing, the main fashionable women’s clothing products.

After more than 10 years 合肥夜网 of development, IRO has grown into an international brand, and has entered 50 countries through various channels, with its birthplace, France as the center, and sales involving the United States, Germany, Britain, Spain, Denmark, South Korea, many otherCountries and regions.

IRO’s brand business model is mainly distribution (of which the main international business is mainly distribution, as of the end of June 2019, there are only 35 direct-operated stores in the international business; the domestic business is currently relatively small and mainly direct sales), 2018年 年毛利率为65。

2018 ADON WORLD operating income was 5.

7.5 billion, net profit 4552.

490 thousand yuan; 1 in 2019
June revenue and net profit were 3 respectively.

3.4 billion, 3655.

720,000 yuan, of which international and domestic income are 3.

50,000 yuan (one year +31.

95%), 3776.

550,000 yuan (+208 per year.


Significance: The holding of IRO has been continuously strengthened, IRO’s domestic business has grown rapidly, and large potential companies have gradually promoted their shareholding in IRO. After the acquisition, they have achieved 100% shareholding, of which: 1) Qianhai Linlin on May 30, 2016Japan and ELYONE signed the same amount of ownership transfer agreement, obtained 57% equity of ADON WORLD, agreed the brand founder team lock-up period of 3 years, and signed a “sale and buy agreement”, agreed to sign the terms of subsequent acquisitions and other terms.

2) In April 2017, the company took a controlling stake in Qianhai Lin, and acquired a 16% stake in Qianhai Lin for 65 million yuan (65%), thereby indirectly controlling the IRO brand.

The company started with 2 in July 2019.

RMB 4.2 billion acquired a 35% stake in Qianhai Forest, achieving 100% shareholding.

3) The company acquired the remaining 43% equity of ADONWORLD’s other shareholder, ELYONE, thereby realizing full ownership of ADON and IRO.

In addition, in January 2018, the company purchased an 80% stake in its wholly-owned subsidiary Yinuo Fashion from IRO for 1.2 million euros, obtained the exclusive agency right of the IRO brand in mainland China, and is fully responsible for the sales and distribution of IRO products in the agency area.Business management policy.

At present, the company owns the global ownership of the IRO brand and fully integrates its business development in mainland China.

In April 2017, IRO’s first store in mainland China opened in Shanghai Ganghui Hanglong Plaza, and subsequently continued to open in high-end shopping malls such as Beijing SKP, Shanghai IFC Center, Shenzhen Vientiane City, Nanjing Deji, Wuhan Guoguang, etc. in 20196月 月30日,IRO在中国地区已陆续创立了18家直营店。
The domestic business of the IRO brand is growing at a high speed with potential.

The domestic business operating income in 2018 was 3890.

570,000 yuan, an increase of 336 a year.

85% in 2019?
June operating income was 3776.

550,000 yuan, an annual increase of 208.

19%, the monthly efficiency of a single store is about 600,000 yuan.

Multi-brand management and control are strengthened, and subsequent restructuring is expected. For group operations, we believe that: 1) From a financial perspective, the company has achieved IRO control and consolidation in April 2017, and the company acquired a 35% stake in Qianhai Forest in July 2019.The acquisition of the remaining equity of IRO (which is expected to be completed by the end of the year) will have no impact on the income side of the consolidated statement, but the increase in the proportion of IRO’s shareholding will increase the net profit of the parent.

Starting from 2020, 100% of IRO shares will contribute to the profit of the consolidated statement.

2) From a strategic perspective, the acquisition of the remaining equity in IRO is an important strategic consideration for the company based on the rapid development of the brand and the company’s future transformation of operations.

As the company’s first global brand, IRO’s full control not only helps the company’s advantageous resources such as channels, brand promotion, supply chain and operating resources to more effectively help the brand’s global development, but also how the company can truly expand globallyProvide a practical basis for your business.

3) The company’s multi-brand strategy is operating well, and its brand cultivation and management capabilities are initially realized.
Among the company’s main brands, the growth of the single-brand stores in the first half of the year was steady and contributed to the growth of major revenues. In the future, the acceleration of store openings and the gradually increase in the number of people-friendly lines will boost the growth rate; Ed Hardy has exchanges for franchisees in the first halfThe impact of temporary adjustments will resume growth in 2020; Laurel, VT continues to develop, Jeans PaulKnott opened stores in 19 years, Self Portrait will open stores next year, Baiqiu continued high growth, the number of cooperative brands and business scope expanded.

In terms of the IRO brand, the company will be more involved in its operations after the acquisition, and improve its management capabilities through resource integration and team management incentives. The company’s domestic business is involved, and it is expected to continue to grow at a high speed.
We continue to be optimistic about the long-term strategy of the company’s international high-end fashion group. The company’s performance continues to be stable, and the multi-brand control is gradually improved. We look forward to the effect of change. For the time being, we will not consider the impact of this acquisition and maintain the company’s 2019?
EPS1 in 2021.



94 yuan, PE13 doubling expectations in 19, maintain “Buy” rating.

Risk Warning: Weak terminal consumption, weaker-than-expected growth in new brands, improper integration of mergers and acquisitions, exchange rate changes affecting the overseas business performance of some acquired brands

Recommended article for you: Talk about cosmeceuticals

Recommended article for you: Talk about cosmeceuticals

Pharmacy skin care has been estimated to be a very popular skin care concept. When skin problems are uninvited, as a special-effect skin care product, cosmeceuticals can help us solve the urgent needs, and the usual cosmeceuticals have products specifically targeted to the problem., Non-common skin care products are comparable!
  Three major characteristics of cosmeceuticals 1 The formula must be fully disclosed, all active ingredients and safety must be proven by medical literature and clinical tests in dermatology, and it does not contain recognized allergens.
  2Simple formula, no color, fragrance, preservative and surfactant.
  3 The content of active ingredients is relatively high, with strong pertinence, and it is more effective than general care products.
  药妆品的四大功能   1功能活化:含高浓度的维他命C,果酸,抗氧化剂,杀菌消炎等成分   2辅助医疗:可以抗皮脂,抑制痤疮,杀菌,抗细菌等   3修护保养:适合耐受性差的肤质或肌肤出现问题的患者使用的温和,修复保养品   4术后护理:磨皮,镭射手术或换肤后使用的修护,防晒,美白或遮瑕保养品   产品列表以及部分产品详解   AVENE雅漾:来自法国的矿泉护肤品   KIEHL‘S契尔斯:美国百年老店   CAUDALIE:来自波尔多红酒产地的葡萄籽护肤品   L’OCCITANE欧舒丹:象牙膏一样的护肤品:)   ORIGINS品木宣言   AEVEDA:药妆品   NUXE:来自法国的天然护肤品   AESOP护肤寓言:近年来风靡欧美的澳洲护肤品牌   WELEDA薇莉达:以妇婴护肤被广为传颂   T.LECLERC蕾克蕾:仅存的用米做粉的品牌   KORRES:来自希腊   L’ERBOLARIO蕾莉欧:意大利花草产品   BOOTS:英国皇室用品   DHC:日本的天然卸妆品   THEBODYSHOP美体小铺:便宜又好用的东东   OSHADHI:德国专业精油品牌,位居芳疗品牌一线   DR.HAUSCHKA德国世家:用自然的律动来护肤   JURLIQUE茱丽:澳洲专业精油品牌,位居芳疗品牌一线   LUSH:美国来的可爱皂皂   PERFECTPOTION优方:澳洲精油品牌,以眼胶最为出名   BURT‘SBEE:做蜂蜡起家的护肤品,产品上会注明用料的天然程度   aubreyorganics美国第一天然护肤品牌   FANCL无添加   borlind德国有机保养品   MATIS魅力匙   广源良:广受台湾大众欢迎的瓜菜美容护肤品   ANIKA有机保养品   SANTE:德国天然护肤品   LAVERA   LOGONA   MARTINAGEBHARDT   ECLOBELLA   FRESH:以玫瑰面膜最为著名   JOEYNEWYORK:天然彩妆品   DERMALOGICA:国际皮肤协会推出的护肤品哦   crabtree&evelyn瑰柏翠   PHILOSOPHY:以让皮肤直接服用维生素为卖点的品牌   AHAVA:来自以色列,是唯一被允许的死海泥产品   V乐敦:来自日本药厂,用眼药水的温柔来护肤   DECLEOR思妍丽:美容院香薰护肤   @NATURE:台湾美容界教父牛尔的DIY产品   PHYSICIANSFORMULA   AVALON有机保养   PAULPENDERS美国安全护肤保养品

Three tips for winter sun protection


Three tips for winter sun protection

Many people think that in the summer, the ultraviolet rays are strong, and of course it is necessary to have sun protection.

But the weather is getting cooler and the sunscreen is running out, so few people will go to “catch up.”

Moreover, even in winter, we still need to pay attention to sun protection. This is a matter of all seasons, and it is a matter of every day.

  Tips (1) What should not be changed? Many people think that sunscreen will not be absorbed by the skin anyway, and it should not have a big impact if it is changed.

In fact, according to some dermatologists, many sensitivities are caused by the use of inappropriate sunscreen.

  Although the composition of sunscreen is relatively simple, it will not be absorbed by the skin, but there is a “run-in” process with the skin.

Just like some masks, you may not be breathable, uncomfortable, or your skin may have some adverse reactions.

Therefore, if you are used to a sunscreen, do not change it easily, it is recommended to use it for a long time.

  Some skin care products have been used for a long time, and the skin has a certain “immunity”. It seems to have no effect. It should be replaced.

The sunscreen does not have this problem, but the skin will have a “memory function”. It is adapted to a sunscreen. If you change it easily, it may reverse the effect.

  Tips (2) Of course, you still have to change. Of course, it is not absolute to say that you should not change sunscreen.

Because there is still a problem of seasonal change from summer to autumn, there may be a relative adjustment in UV intensity and daily life.

If you do not change according to the actual situation, it may actually make sunscreen a burden on the skin.

  In summer, we generally favor the use of sunscreens around SPF30. If exposed to the outdoors for a long time, the index can be higher.

In autumn and winter, the intensity of ultraviolet rays may not be so great, and some swimming and other items have become less.

We suggest that you can adjust the SPF index to 15-25.

Because the index is elevated, the pressure on the skin is also OK, so it is not necessary to be too high.

  In winter, it is also a good choice to buy a foundation with SPF index.

For summer, the foundation may be too heavy, and the face is easy to sweat when sweating, but in autumn and winter, it is a good thing to kill two birds with one stone. It can both protect the sun and modify the skin.

  Tips (3) Who decides whether to trade or not?

  Should I change it or not?

Of course, you have to ask your own skin.

Everyone’s skin is different, so it’s not absolute.

  For example, different races have different skin structures and different requirements for sun protection.

In the simplest terms, with the same UV intensity, white-skinned European and American women will have sunburn symptoms in 5 minutes, while yellow-skinned Oriental women can support for 15 minutes, three times as much apart.

Therefore, students with pale skin should pay more attention to sun protection, and can increase the sun protection index appropriately.

  In addition, liquid skin sunscreen should be selected for oily skin; creamy sunscreen should be selected for dry skin; both are suitable for normal skin.

In different seasons, your skin may show different states. Maybe it is oily in summer, but it is neutral in autumn and winter. So whether to adjust sunscreen products depends on your skin.

  Supermarket product recommendations: 1.

La Roche-Posay SPF50 + PA +++ Sun Protection Lotion SPF50 + PA +++ 278 yuan / 125ml 2.

Klitina Aurora Sunscreen SPF30 + 242 yuan / 50g 3.

Ulai Water Brightening Sunscreen SPF30 + PA +++ 150 RMB / 50g

When an affair meets an affair .

When an affair meets an affair .

The two had been having an affair with each other, struggling to break away from their past family, and finally came together, but could not get married.
  Everyone is afraid that the other party will have an affair again. The old drama repeats itself. “We have too many secrets.

We are all familiar with each other’s methods of committing crimes, so we can lie to others together and easily spot each other. ”Han Xiang, 37, called me for the first time to ask how to find a reliable private detective in Beijing.
When I said that I really didn’t know this, I could hear her tone full of disappointment, although it was still thankfulness and indifferent words to me.
After all that was said, she refused to hang up. I guess there might be a story to begin with, and maybe she wasn’t looking for a detective but someone to talk to and waited.
Sure enough, she groaned for a while and said, “Actually, I don’t necessarily need a detective.
If you are free, come and sit in my house and suddenly want to talk to you about our two things.
“That’s a bit of a messy home. In an old building, there are two bedrooms of less than 50 square meters, a small living room with five doors on four walls, and unused tableware on the middle table.In the glass vase on the corner of the dining table, the carnations have faded, and the water in the bottle is a bit turbid, with a faint smell.
  Han Xiang took me into her so-called “big room” and arranged for me to throw a pair of pajamas on the arm of the sofa into another sheet before sitting on the couch facing the TV.Man on the sofa.
When she was seated on the sofa herself, she slipped the nightgown behind the cushion.
This time I can see clearly that the nightgown is a man’s.
  In fact, this is an ordinary home where a couple of ordinary men and women live. There is a sense of fireworks, and there is a kind of casual mess that is too late to take care of because they are usually busy. The special place is that they are looming from every corner because they are too lazyDeal with the neglected smell of dust.
I don’t understand why Han Xiang, who looks clean and capable, turned a blind eye.
Maybe this is the boredom and slackness or habit that people have “soaked” in the same living environment for a long time?
  Han Xiang called her partner “Old Horse”.
She summed up their relationship in the simplest language: two people had been having an affair with each other, struggling to break away from their past family, and finally came together, but could not get married.
-Everyone is afraid that the other party will have an affair again, and the old drama repeats itself.
  那段曾经令我们引以为自豪的、冲破家庭、投入对方怀抱的回忆已经从美好的童话故事变成了两个人互相折磨的依据  有好多事情,就是这样,人在其中的时候,觉得那是The most magnificent romance in the world came out. The romance was replaced by dullness. The new continent was discovered. The rest is to build the new continent into a nest that is no different from the old continent.Any worries, doubts, fears, all come.
  I dare not say that my combination with Lao Ma is shocking, weeping, but we did go through an arduous process.
This process lasted 6 years. I was only 31 years old 6 years ago. The old horse is 5 years older than me and 36 years old. It is also a very good age for a man.
We met during vocational training. He was a teacher our university invited from the university. At that time, he was already an associate professor.
  Is our acquaintance called love at first sight?
I do not know.
When two people expressed their love for each other, they could n’t help but said to each other that it was “feeling” when they first met, especially when we split up and went home for a divorce.At first glance, each other already knew that this person was the other half who had been searching hard in this world. The old horse was still holding my name “My ribs” on a park bench.
Now I think of it, I ca n’t say that there is no warm feeling at all, but at the same time it is still a little doubtful, and I ca n’t help but think about it, are these two people so impatient and able to say everything because they ca n’t get each other temporarily?
Think of it this way, how good the past is also a bit boring.
  In retrospect, I do n’t know where we all come from so much strength and courage, dare to go home and admit that we have an affair, and can give up our children, like the radical youth in the old society who challenged feudal ethics.Together.
It was crazy anyway.
Lao Ma’s ex-wife is also a teacher, and she is a very dedicated person. Lao Ma said that she “has devotion to work and ca n’t even save time for students to cook. I can also eat raw rice and make mature food in the belly.”
I haven’t seen his ex-wife, when the two were desperately trying to be together, he was fainting, he told me so.
My feeling is to distress him. Such a good man is when the support and encouragement of women are needed in all aspects, but the women around him cannot allow him to get the most basic care. Therefore, I even more regretfully said that I want to useI have made up for everything I owe him in my life, and I will do everything to be good to him.
As soon as such words were spoken, the reactions of the two people could be imagined. We hugged together excitedly, trembling, kissing each other while looking forward to the future.
My ex-husband is a surgeon and I am very busy with work. I usually go home and go to bed early. I just sit down and read a book under the lamp. There is very little communication with me.Even the frames are rarely noisy. The only thing that can make us a little bit arguing is the children, and the end result is a few words. He is annoyed and compromised because he needs to read a book or sleep.
When I told the old horse about this situation, he immediately hugged me, saying that such a woman of all manners could not be coveted and pampered at home, and she would be left out. How desolate her inner world should be.He must take good care of me during his lifetime so that I can always celebrate Children’s Day.
Next, the two hug together in excitement, trembling, kissing and dreaming about the future.
Then, sort out your mood, cheer each other up, and go home to fight for a divorce.  What kind of animal is human?

Maybe no one is clear.

But there is one thing that I personally experienced.

When we started together six years ago, the feeling of longing for each other was so strong that it was completely different from now.

Now, we are really together. Before closing my eyes every night, I saw the person I was thinking about, and when I opened my eyes in the morning, I saw the person who had huged him if he could not divorce.But I was craving for nothing, and sometimes I felt strange and unsteady.

We are about to hug each other tightly, stubbornly, but instead of looking forward to the future, we focus on the previous concerns of the two.

I never worried about losing each other when I broke up and divorced. Now, two people who can get married at any time, have been married from the content and have only a single form of people, but start to ask each other occasionally regardless of time: “You continueDo n’t you treat others like you did to me?

Will you have an affair?

Will you divorce me for someone else?

“A lot of things tell us that the memory that once made us proud and broke through the family and cared about each other’s arms has changed from a beautiful fairy tale to a basis for two people torturing each other.

  Many, many things are like this.

  Two people ate dinner face to face and talked a little bit, but they seemed to have their own minds in their hearts. That kind of feeling was especially bad. I remember that we did n’t have the conditions to stay together. After all, we were both families and children.It is impossible for young people to fall in love like they are in love. Our time is stolen.

At that time, I would often not eat at noon, take three subway stations, walk ten minutes, and go to school to see him.

He also wanted to meet me and never go home for lunch or nap, but stay in the office waiting for me.

At many noon, we just ate hamburgers, drank tea and looked at each other.

At noon, no one else was in his office. Even so, he didn’t dare to lock the door.

Occasionally we hugged each other, kissed each other quickly, and parted immediately, listening to the sound in the corridor with our ears up, a little bit moving, so scared that we couldn’t jump out of our throats, and hurry to face each other honestly, separatedSit down with a large writing desk, for fear that someone will find something by pushing the door.

Tired of speaking, right?

But both of them were happy. They didn’t feel tired at all. They wanted to go the next day. They also wanted to see. If they didn’t see them, they could call us at noon.

Sometimes, I got off work early in the evening for half an hour and had an excuse to pick up the child. He told his family that he would go to the library to check the materials. We made an appointment to meet at the subway station.After a short walk with satisfaction, reporting on the situation in their respective homes, they went home to cook separately.

Although both people lied, dodged, and struggled to beat the time difference, their mood was particularly good, and their desire to live together was very fulfilling.

  However, both people have finally divorced and can finally be together. There is no longer a day of “stealth” and troubles have come.

At the beginning, the freshness was not good, but fortunately, the habit slowly established, doubts also appeared.

Sometimes, he also tells me that if he doesn’t go home for lunch at noon and then go to class in the afternoon, there will be some flashes in my mind. Will there be anyone who wants to meet him at noon?

I don’t know if this is a morbid state, anyway, I just can’t help thinking about it.

As a result, he attacked him.

I pretended that nothing was wrong and he understood his request not to go home, but at noon, I ran to his office to give him a surprise attack, and saw that he was indeed lying alone on the desk and dozing off.

Others saw me go to him with “McDonald’s” and said that the two of us were really good, but only I knew in my heart what was the good relationship, which was clearly the distrust that was quietly breeding.

In front of him, I don’t admit this, but just said that he wanted to surprise him and remind him how difficult it was for us.

That being said, everyone knows exactly what the psychology is.

  In fact, his mentality is no different from mine.

If I came home late from work, he would also ask me what I was doing, if there was a traffic jam on the road, or if I met some acquaintances.

The two had dinner face to face, and some talked without each other, but they seemed to have something in their hearts, which felt particularly bad.

He also once remembered how we used to meet each other in the past, and he even said, “The skills we acquired at that time will be used throughout our lives.

“What’s this?

I was angry and explained to him, otherwise we would just make an appointment and leave together after work.

However, this is unrealistic after all. His profession determines that he does not need to work. I have to check in sooner or later.

Two people were also sulking for this.

  I said it was like this. It ‘s good. I thought you were a guilty old man. Just like you did with your ex-wife, you set up a small vault. There is another serious problem, that is our money.

After deciding to go home and have a divorce, we have invariably started to keep some eyes on our past partners, similarly, to save some money privately.Divorce is our ignorance. We are the one who betrays others, the one who does not want children, and the selfish one. Is there any reason to ask for more property?

We are all the ones who do not ask for anything, and go out of the house.

None of us is a bad person. We all feel guilty about our family and are willing to compensate each other from our property.

So, we are all the same. Apart from hiding some income that some family members don’t know about, the common property has nothing.

After the divorce, everything we re-established, including this small house now.

This practice of the two of us was initially concealed by no one.

Theoretically, even if it is a bad thing, two individuals are considered complicity.

However, after four years, we finally got divorced, but the two started to make trouble for money.

  People are so sensitive, they have to think about little things.

Once he took me to the mall and said he would buy me a diamond ring.

There was nothing in the process of buying. After buying, on the way home, I suddenly asked him, where did the money come from, didn’t our money all come together?

How could he still have private money?

He was particularly contradictory and persecuted at that time, and it took a long time to reveal it. He said that it was usually the money he made for editing textbooks for others, not a lot each time.

It ‘s weird. I did n’t touch him at all, and I did n’t feel guilty. I said that ‘s the case. It ‘s good. I thought you were a criminal.Here it is.

This time he was angry, and immediately began to question me, where did he usually buy the clothes and the odds and ends of the house.

I said it was some small “grey income”, and he also laughed at me and said that it was not a small treasury.

I’m also very angry, isn’t this nonsense?

The small treasury was originally private. Why should it be used?

Why should I buy something for you?

If there is a small vault, it will not let you know at all!

After saying so, both of them suddenly became speechless.

Yeah, isn’t it the same for him and for me?

If you have bad intentions, why spend money on each other?

The reason is so simple, two people love each other so much, why would they quarrel for this?

  Our past determined that it would never be possible for such two people to have no suspicion with each other. We all have a criminal record, and our criminal record is that we used to be affair each other.

  After the brief peaceful life passed, our condition became worse and worse, and the two became more and more painful.

There are no specific, substantive contradictions, but there is more and more suspicion, speculation, and ridicule with each other.

  Not long ago, something happened.

On the way out of work, I met an old classmate, a man who hadn’t seen him for many years.

We had a good chat. He insisted on sending me home, so I didn’t quit and got in his car.

He kept showing me to the door.

  I never expected that the old horse was standing on the balcony watching me get out of the man’s car and walk into the corridor.

He was particularly unhappy that day.

He said he would not cook anymore, and would go out to eat with me.

Sitting in the small restaurant, he asked himself to have a small bottle of “Erguotou” and poured me a cup.

After a long silence, I asked me, “Han Xiang, you said, why did you spend all your effort with me?

“I think it’s weird. Does this need to be asked?

I’m such an adult, don’t you know who can be happy with?

Don’t know who you really love?

Moreover, I think his words are very harsh, what is meant by “exhausting effort”?If it’s exhausting, aren’t we both the same?

I didn’t speak.

He then asked: “You said, if the two of us were really married, would you one day leave me without hesitation like leaving your ex-husband with no hesitation?

“I was in a hurry, and immediately counterattacked,” What about you? ”

Would you also vilify me in front of a new lover like vilifying your ex-wife?

“He smiled bitterly, and asked another question:” Han Xiang, do you know why the two of us have come to each other and worked together happily?

Why were we so anxious to get married in the past, and really got married conditionally, but no one wants to get married, even without mentioning the word?

“I didn’t wait for my answer. He drank a glass of wine, and slowly said that:” Have you seen the movie “Rover” in India when you were a kid?

There is a sentence saying that the judge’s son is a judge and the thief’s son is always a thief. When we were young, this sentence was criticized.

However, I think this sentence applies to you and me.

We are both thieves, we have been thieves, and we are the same kind of thieves like male and female thieves. We both cheat, steal people from other people’s homes, steal money from wallets that we share with others.Purpose, to be able to spend the rest of my life together.

The reason for a thief to steal something is to live a rich life. Our reason is more grand than they are. We are talking about a great love between two people. This reason allows us to do bad things to others.

You bullied your ex-husband, I bullied my ex-wife.

Don’t you think we know each other too well?

We have too many secrets.
We are all familiar with each other’s methods of crime, so we can lie to others together, and we can easily spot each other.

When the Taiping is flourishing, the two do not have to steal, but how they look at each other like a thief.

The two of us are insane!

After finishing speaking, there were still tears in his eyes, as if holding back, drinking in silence.

  I don’t know how to describe my feelings.

However, I think what he said is right. Although I never thought about expressing my feelings with such mean words, I admit that he was right.

I have thought about it more than once, what exactly is the problem between us?

I have told myself more than once that we are really wrong and we really ca n’t get married. Our past has determined that such two people can never have no suspicion with each other. We all have a previous record, our previous record is that we used to be each other.Is the other’s affair.
  That night, we were still sleeping in a bed, but no one touched for the first time, and before that, no matter how unpleasant the two people were, they would stick to a form of hugs and kisses.It can save our two desolate and tired hearts.

Suddenly I wanted to ask him a question: After such a difficult and painstaking, distraught divorce, I finally ended up with someone I thought was in love, and found that the new life was just that, even more tiring than the old life.regret?

  In the end, I didn’t ask him, but I asked the question to myself. My answer is: Yes.

  That is, from that day on, all of us suddenly cared about the children. We would spend part of our time on visiting the children. We no longer communicate or question each other. We are all tired.Let it go.

With these six years, is there any special difference between getting married and not getting married?

I think it’s gone.