Really unexpected,This fat guy has directly broken through the third rank,Something。

Wait for the other person to open their eyes,Feel the change in one’s realm,I can’t smile already。
Harvest a piece of black silk soft armor that can resist the attack of the gods,Will be upgraded to third grade,This kind of harvest is already extremely satisfying。
“Long brother,How!”
“That is,Don’t look at my business chart……Who is his eldest brother?”
There is no need to stay here anymore,The last thing Xia Chenglong did was to re-seal the caves。
There is nothing good in it,It’s the home of pure Jian Chen,He wants to keep it peaceful forever。
“Long brother,Where do we go next?”
“Let’s go up first!”
“Go up,It’s not easy,Me one……”
Shang Tutu smashed the space jade slip in his hand,However, one thing that is very embarrassing is,Space jade slip doesn’t work。
The magnetic field here is not so simple,This space jade slip is useless。
So when I thought of climbing up step by step,Thinking of their experience when they fell,Some people just crash。

For this,Xia Chenglong found that he didn’t seem to have any room to fight。

did not expect,They didn’t lose anything after doing it for a long time,Yingzi is happier,Finally she won’t be sad because of what happened before。
No one asked anything,According to Qi Chong,Don’t care about anything today,Just drink。
Drink this drink till dawn,Everyone finally slept,Only slowed down in the afternoon。
People who practiced would not go like this,But they all know they don’t have the ability to climb to the top,This kind of life is already very satisfying for them。
Just when everyone was asleep,The outside world is messed up,Especially the union。
one night,A captain who lived in the union was killed,I received a notice in the morning,Vice Chairman Lin Lao Er died on the main road。
Such a big event naturally makes this area boiling。
But the point is that you can’t find out who did it?
Because they couldn’t find such a person,Can enter the strictly guarded union quietly and kill the transforming warriors。
Then he squeezed the throat of the transcendent master directly,This kind of strength is definitely the level of entering the holy realm,Or at least to reach the peak of the Transcendent Realm。
And in this area,There are only a few masters at the peak of the Transcendent Realm。
Li Letian, President of the Sixth Branch,Fenghui, the owner of Cuifengju,Cao Yan, owner of Tianxia Commercial Bank,But why do they do this?
No reason,These people have a good relationship with Lin’s second child,How could he suddenly make a move。
in the afternoon,The union people are here,Look at their aura,Because it’s not just ordinary people,And the chairman Li Letian mentioned earlier。
The field under his jurisdiction,A vice chairman died,A captain,This kind of thing must be explained to the above,But Qi Chong and others have a conflict with Lin Lao Er。

I didn’t wait for Ding Ruoyan to finish,Ding Haijun reacted,I think it’s a good thing for a girl to bring her classmates home to do homework:Although everyone knows that for Chen Geng’s arrival today,All parties will inevitably make the most comprehensive preparations,Never allow any mistakes,Can be nominal,This is still a private visit after all,If a girl’s classmate is with her girl at home“Do homework”,At least look natural,And two such cute little girls are at home,I can adjust the atmosphere a little bit?

Diplomatic,My mind is turning fast!
Ding Haijun who quickly understood this,Before my daughter was finished, she smiled and nodded:“Xiao Miao is here?it is good,Good,You guys do your homework first,Uncle Ding calls you to eat later。”
Meng Xiaomiao stuck out his tongue,A little embarrassed to confess:“Uncle Ding,Don’t blame Ruoyan,I begged Ruoyan to bring me here,I just want to see what Mr. Chen Geng looks like,Is it as young as everyone said?……do not worry,I won’t cause you trouble。”
Hearing what Meng Xiaomiao said,Ding Haijun didn’t think much,Chen Geng is going to visit this at his own home,The whole foreign affairs department doesn’t know,Xiao Miao heard、It’s not weird to want to come and see,How could he think that these words were taught by Lao Meng?Subconsciously think this is Meng Xiaomiao’s own careful thinking:The little girl who has entered puberty,Have a crush on young men who have a successful career,This is normal,Besides, Meng Xiaomiao took the initiative to confess?Said with a smile immediately:“No blame,All right,Go do your homework。”
“Ok。”Meng Xiaomiao agreed,Obediently followed Ding Ruoyan to her little boudoir to do homework。
Hu Jin never spoke,Until the two kids came in,She whispered to Ding Haijun:“This……no problem?”
at this time,She still thought about the little emotions just now?
“What can be the problem?”Ding Haijun waved his hand,Quite disapproving:“You think too much,Xiao Miao is just one13……14Year old girl,In all likelihood, I heard Lao Meng talk about Chen Geng,Curious,I want to follow my girl,Not a big deal,And don’t you think what the girl said makes sense?,There are such two little girls at home to adjust the atmosphere,Can also look natural。”
“Also。”Hu Jin thought for a while,I feel my worry is over,It’s just a 13 or 14 year old girl,I think too much。
Just finished,Someone knocked on the door:“Old Ding,Mr. Chen Geng is coming,We will help you check the hygiene……”
A bunch of people standing at the door,There are more than ten men and women。

“I heard that Mr. Xiang likes tea sets,I happen to have a good set here,Regardless of whether Mr. Xiang has a chance to take home,All count as making friends!”

&n1768ly.bsp;Not waiting for Xiangchen and Mo Mo to speak,Li Tianlin speaks first,And handed the tea set to Xiang Chen。
The label of the tea set did not have time to take off,It’s my own collection,Xiang Chen took over the tea set,Smile with Mo Mo,No one pierced。
“I understand!If you guys from the Li family don’t kill me in a month,I will let go of someone,You choose!”
Watching Li Tianlin,Xiang Chen smiled slightly。
“Thanks to boss!I did another business without losing money!Then don’t bother you!”
Li Tianlin smiled,He gestured to Xiang Chen and Mo Mo,It’s a real eviction order。
“A set of tea sets worth less than a million,Buy a life,When are you so cheap?”
Mo Mo looked at Xiang Chen with interest,If before retiring,Buy a life with Xiang Chen at this price,Humiliating。
“Maybe they think they won’t lose!”
ycmcxw. Xiang Chen looked back at the mansion,The smile on his face is a bit playful。
Nodded,Mo Mo also understood what Xiang Chen said,Where is Li Futang?。No matter how big or small,All dripping。
“Then should we call for support?”Mo Mo asked。
“Not needed,They are afraid of Paradise Island,But now who can even provoke China?”Xiang Chen’s voice became a little lazy。
“Do you think things are turning around?Neither enemy nor us can completely wipe out the other,That’s why?”Mo Mo is a little curious,She also thought about some problems herself,But the answer needs to be confirmed by Xiang Chen。
“I didn’t think so much when I came,After seeing Li Futang,Suddenly feel that the outcome of possible things will be different from what we imagined!”

[Can you drink lemonade when menstruation comes?]_ Menstrual period_Can you drink it?

[Can you drink lemonade when menstruation comes?]_ Menstrual period_Can you drink it?

When a girl comes to menstruation every month, when the girl ‘s physical resistance is the lowest, and when her immunity is poor, many girls will have a lot of reactions when they come to menstruation. At this time, girls should pay special attentionFor the protection of the body, especially in terms of diet, pay attention to the fact that many foods cannot be eaten during menstruation, and some foods will worsen the adverse reactions of girls during menstruation.

You can drink lemonade during your period.

Menstrual blood is the dividing fluid of blood and some replaced endometrium, cervical mucus and vaginal secretions, belonging to the blood vessels of the body.

During menstruation, women’s bodies are more or less inadequate, but this is also a very good time for detoxification. Women can help their bodies defecate through dietary conditioning.

During menstruation, you can drink more brown sugar water to improve the elimination of toxins and congestion. You should also pay attention to rest and supplement nutrition. Generally, you can take some qi and stasis medicine, such as Bazhen Yimu Pill, Motherwort Granules,Proper consumption of pig blood can also help the role of drainage of blood.

Brown sugar is a common food in life.

Traditional Chinese medicine believes that brown sugar is warm, sweet, and enters the spleen meridian. “Compendium of Materia Medica” records that granulated sugar (brown sugar) has the effects of relieving liver and spleen, nourishing blood, activating blood, stasis, and excreting lochia.

Drinking brown sugar water during menstruation can warm the body, increase energy, activate qi and blood, speed up blood circulation, and discharge a lot of menstruation.

What to eat during menstruation 1, cauliflower, carrots Before and after menstruation, due to the effects of hormone secretion and physical discomfort, women often have some adverse emotional changes.

Vitamin B6 can help synthesize neurotransmitters that enhance mood and maintain emotional stability.

Cauliflower, carrots, and other foods are rich in vitamin B6. Women who eat properly can provide a lot of vitamin B6 to the body and help stabilize mood.

2. Some women with spinach will experience complications and breast tenderness during menstruation.

Spinach vitamin E can reduce the production of prostaglandin, which is a substance that can cause premenstrual pain.

Eating spinach can effectively supplement vitamin E and improve pain.

3, pumpkin due to endocrine reasons, women are prone to acne during menstruation.

Menstrual women can eat some pumpkins. Zinc can be added to pumpkins. Zinc can reduce skin oil secretion and reduce the chance of infection.

4. Some women in soy are always hungry and have a strong desire for food.

Pre-absorption of more calcium-containing foods such as soy can reduce the feeling of obesity, because the estrogen secretion increases at this time, preventing calcium from being dissolved in the blood.

[Can passion fruit be cooked]_ production method _ home practice

[Can passion fruit be cooked]_ production method _ home practice

Passion fruit is a tropical fruit. It is rich in vitamins and other nutrients needed by the human body.

To eat passion fruit, cut it with a knife and use a spoon to dig out the flesh inside.

Passion fruit can be eaten in many other ways, some of which are squeezed with lemon to make juice.

Some people think of passion fruit after cooking.

So can passion fruit be cooked?

Passion fruit scientific name Passionflower, native to Brazil.

Passion fruit phospholipids are essential for the human body, including 17 kinds of amino acids, 160 kinds of vitamins, and trace elements.

Among them, the rich natural active flavonoids are the basic elements for reducing irritability and stress, and their excellent pressure-relieving effect helps to fall asleep.

People often consume passion fruit and its processed products, which can produce certain benefits to the human body, such as helping digestion, refreshing, refreshing blood, strengthening the body, sedating and pain, reducing stress and reducing fat.

First teach everyone how to cut passion fruit.

Align Passion Fruit, lay the knife horizontally and cut across. This will prevent the juice from splashing or passing through during the cutting process.

How to eat one, cut open, scrape out the flesh and seeds, add sugar or honey and mix well, then eat like this.

Passion fruit is sour when eaten directly.

Method two, scrape out the flesh and seeds, add an appropriate amount of sugar, honey and water to stir the juice. You can also add the above ingredients with ice cubes into the blender and add the juice for better flavor.

How to eat three, the scraped pulp and seeds mixed with honey and spread on cakes and bread, sweet and sour is better than ordinary jam.

How to eat four, cut in half and add to the cup, add boiling water, add sugar or honey, soak for about 5 minutes.

How to eat five, scrape out the flesh and seeds, add to the cup, add Cola Sprite, a little ice cube is better.

The remaining husk is also very useful. It can be used for making wine or tea, making ravioli, stewing, and stewing.

[Can you eat guava for menstruation]_ guava_ menstrual period_ can you eat

[Can you eat guava for menstruation]_ guava_ menstrual period_ can you eat

Many people in life like to eat guava very much. In life, it is also called guava. It has a unique taste and fragrance, and it is rich in many nutrients needed by the human body. Then you can eat guava during menstruation.?

Menstrual period can eat hot fruit called guava TCM refers to fruit with high transfer and high sugar content.

For example: jujube, hawthorn, cherry, pomegranate, lychee, green fruit, durian, papaya, tangerine, mandarin, ginkgo, guava are all warm fruits.

Cool fruits: watermelon, melon, pear, banana, mulberry, persimmon, coriander, etc.

Cold and cold fruits relieve dryness and heat, and warm fruits make up for coldness.

 As long as you don’t eat cold fruits during menstruation, other fruits can be eaten, so guava can be eaten during menstruation.

Benefits of eating guava Female friends are prone to body swelling and acne symptoms during menstruation. In fact, these symptoms can be alleviated.

Guava is rich in nutrients. Eating guava often can reduce blood sugar and other effects, and it also has this effect.

Guava is rich in dietary fiber, which is good for people with constipation.

For people who are losing weight, Guava’s high fiber content is also targeted.

If guava is considered a daily food, then according to research results, guava has the effect of resisting cancer and treating heart disease.

Yili shares (600887): Buybacks are used to stimulate development confidence

Yili shares (600887): Buybacks are used to stimulate development confidence

The company plans to repurchase the company’s total shares 2.

5 to 5%, fully enjoying the new regulatory dividend.

The re-encouragement of the previous round of repurchases has strengthened the company’s cohesion and achieved steady growth in performance.

Year-to-date, the company ‘s performance exceeded market expectations, and strong revenue growth is expected to make the profit inflection point come earlier. It is recommended to actively arrange investment opportunities in the next two years.

Slightly adjusted EPS1 for 19-21.


32, 1.

63, corresponding to a growth rate of 8%, 16%, 23%, given a price of 27XPE for 20 years, a target price of 35 yuan, maintaining the “strong recommendation-A” rating.

Event: Yili shares announced that it intends to use its own funds to not exceed RMB 35.

The price of 00 yuan / share (150% of the average price in the first 30 trading days) repurchases 2 of the company’s total shares.

5 to 5% is used to implement equity incentives, and the repurchase period is no more than 12 months from the date of approval of the plan by the board of directors.

The large-scale repurchase has enough incentives to fully enjoy the new regulatory dividend.

The number of shares repurchased this time is not less than 151,953,191 shares and not more than 303,906,380 shares, accounting for 2 of the total share capital.

5% -5%, the upper limit of the amount according to the price limit is 5.3-10 billion.

We believe that this repurchase amount breakthrough, leaving sufficient margin for future incentives, the next round of incentives or expanding the scope of incentives (29 people in 2006, 317 people in 14 years, and 294 people in 16 years).

In the short term, it shows development confidence and releases positive signals.

In the long run, because repurchase is an equity incentive, it will help strengthen the company’s cohesion and benefit long-term development.

In addition, the company formulates share repurchase and can enjoy the new repurchase policy, which may involve: 1) the holding time of treasury shares is relaxed from one year to three years: it can be redistributed or transferred within three years for the purpose of distributing incentives.

2) The amount of repurchase is included in the amount of cash dividends: The new rules treat cash paid for repurchased shares as cash dividends, and the amount of share repurchases that have been implemented in the year is calculated by the amount of cash dividends, which is a concept of cash dividends.

3) Green channel for financing: According to the “Opinions on Supporting Listed Companies to Repurchase Shares”, listed companies apply for refinancing after implementing share 杭州桑拿论坛 repurchases, and the financing scale does not exceed ten times the total amount of share repurchases in the last twelve months. RefinancingThe board of directors that issued the stocks has decided that the date of the previous fund raising will not be limited by the financing interval, and it will give priority to such refinancing applications during the review.

With reference to the previous round of repurchase incentives, layout investment opportunities in the next two years.

The last round of re-examination: 1) Share repurchase: The announcement of the repurchase plan was announced on July 9, 2015, and the maximum repurchase price was 18.

13 yuan, the first repurchase on September 11, announced on November 3 that the company repurchased shares of 63,941,958 shares, accounting for 1 of the company’s total share capital.

04%, the highest price is 16.

48 yuan / share, the lowest transaction price is 15.

The total amount paid for 01 yuan / share (the actual purchase price is about 20% from the upper limit) is 1 billion yuan.

2) Equity incentive: On December 28, 2016, an equity incentive plan was announced, granting 45 million stock options and 15 million shares of stock, stipulating unlocking conditions for two years of 17, 18, and then unlocking successfully.

Since the end of 16 years, performance estimates have double-clicked and are expected to nearly double.

With reference to the previous round of equity incentives, we believe that the repurchase price and the grant price are fair and reasonable, and after the implementation of the distribution incentives, the company’s performance has achieved steady growth under the high-level high-level cohesion.

We believe that after launching a new round of equity incentives in 20 years, we will improve and strengthen cohesion to ensure the company’s rapid development and achieve strategic goals. We recommend that investors actively arrange investment opportunities in the next two years.

Outlook for the next 1-2 years: income exceeds expectations, and the starting point of profit inflection point is expected.

We mentioned in the comments in the annual report that the company will operate around the top five hundred billion in 19-20, and it is likely to enter the year of profit release by 2021. The reasons are: 1) After an upward cycle of about three years from 18-20 years,20-21 may enter a price increase year, or raw milk prices will turn down. From the historical data, in the last year when raw milk prices go up or raw milk prices go down for the first year, the company’s profit often strengthens rapidly (such as 13-14 Years); 2) After the mid-term target is reached in 21, the cost is expected to slow down gradually; 3) Under the situation of increasing scale, the company’s profit will return to 9 in 16 years.

About 4% is reasonable.

From the beginning of the year to this year, Yili’s fundamentals have been strong and exceeded market expectations. We believe that the current profit growth of Yili is higher than expected. The profit inflection point has arrived earlier. From a one-year perspective, if demand continues to exceed expectations, The period of corporate profit release is expected to be advanced to 2020 or even earlier.

However, we also recommend that investors from the perspective of market share and industry pricing power, buy the leading strength of Yili increasingly strengthened.

Repurchase is used as an incentive to demonstrate development confidence and maintain the investment rating of “Highly Recommended-A”.

19 years will be the key sprint year for the company to achieve the 100 billion revenue target in 2020. The company’s target management is clear. Through effective incentives to maintain efficient operations, the leading style is fully demonstrated.

Slightly adjusted EPS1 for 19-21.14.1.

32, 1.

63 (previous time 1.


27, 1.

60), corresponding to a growth rate of 8%, 16%, 23%, given 27XPE for 20 years, a target price of 35 yuan (previously 32 yuan), maintaining the “strong recommendation-A” rating.

Risk warning: demand declines, costs increase, competition intensifies, and new product promotion falls short of expectations.

Midea Group (000333): Consumer electronics and HVAC leader in pursuit of excellence_1

Midea Group (000333): Consumer electronics and HVAC leader in pursuit of excellence
Opinion focus on maintaining outperforming industry investment recommendations 杭州桑拿论坛 We believe that Midea Group has competitive advantages and flexible resilience in the consumer electronics and HVAC markets, and tries to maintain a steady growth trend in pro-cyclical and counter-cyclical markets.We maintain our Outperform rating with a target price of 72.20 yuan.  Reasons Competitive advantages are obvious: 1) Product leadership, efficiency-driven, global operation is a beautiful business strategy.2) Clear governance structure, professional manager culture, and incentives in place.3) High production efficiency, scale effect, integrated industrial chain, and intelligent manufacturing advantages.4) Implement T + 3 policy and pay attention to terminal needs.  Strong adaptability and rapid market share increase: 1) Historically, the United States has flexible adaptability to market changes.2) In 2018, Midea 重庆耍耍网 adopted the brand matrix to launch high-end brands, and Internet brands responded to consumer segmentation in different markets.3) In 2019, the channels will be reformed to reduce secondary dealers and strengthen the “Internet approval” model; boldly use Internet talent.4) In February 2019, next month in the air-conditioning market decisively adopted a price reduction promotion method, 1Q?3Q19 Midea’s online and offline retail sales were +6 respectively.6ppt, + 3.2ppt.Due to the advantages of the entire industry chain, the net profit margin of the air-conditioning business remained stable.  Home appliance consumption upgrade and sustainable development: We believe that 1) In the short term, China’s home appliance market is in a downturn.In the long run, China’s home appliance market is in the second wave of home appliance popularity. Consumption upgrades, market concentration, and the possibility of rapid growth of new categories of home appliances are intertwined.2) China’s leading household appliances have global competitiveness. At present, the proportion of brands in overseas markets is low. In the future, they will become the first-tier brands in overseas markets through independent brand expansion and mergers and acquisitions.  Earnings Forecasts and Estimates We maintain our 2019 / 20e EPS forecast3.48 yuan / 4.01 yuan.Maintain Outperform rating and raise target price by 11% to 72 considering the impact of estimated conversion.20 yuan, corresponding to 21 times the 2019 price-earnings ratio and 18 2020 price-earnings ratio, there is 22% upside compared to the current mainstream.  The current contradiction corresponds to a 17x / 15x P / E ratio in 2019/2020.  Risks Market demand fluctuates leading to lower-than-expected revenue; integration business integration risks; exchange rate fluctuation risks.

Tongwei Shares (600438): New 4-year expansion plan

Tongwei Shares (600438): New 4-year expansion plan
The company ‘s recent situation Tongwei announced the development plan of high-purity crystalline silicon and solar cell business from 2020 to 2023 on the evening of February 11 and the “Announcement on Investment and Construction of 30 GW of High-Efficiency Solar Cells and 杭州夜网论坛 Supporting Projects”.And in the evening, the antique telephone will communicate with the market: by the end of 2021-2023, the monocrystalline silicon material production capacity will be increased from the current 8 per year to 11 respectively.5-15 budget / year, 15-22 budget / year, 22-29 budget / year.By the end of 2021-2023, the battery production capacity will be increased from the current 30-40GW / year to 40-60GW / year, 60-80GW / year, and 80-100GW / year. Technology and cost targets: The proportion of single crystal materials is above 85%, the proportion of N-type materials reaches 40-80%, the production cost is 3-4 million tons / ton, and the cash cost is 2-3 million tons / ton.PERC battery non-silicon cost toxicity 0.Below 18 yuan / watt. Comment on the expansion of silicon material to withdraw from production 北京夜生活网 capacity and further increase market share.According to the statistics of the Silicon Industry Association, due to the low price of silicon materials in the second half of 2019, about 7 old domestic silicon material production capacity will be withdrawn, and the Korean silicon material company OCI also plans to withdraw from South Korea in 20205.2 Initial production capacity.We estimate that the company ‘s 14-21 year silicon raw material capacity expansion in the next 4 years will basically replace these blanks after the exit of old capacity. Under the background of continuous growth in photovoltaic demand, the current 12% global market share will be further increased to 30%the above. The comprehensive layout of battery multi-technology points maintains scale and cost advantages.In Tongwei’s current 50-60GW expansion plan, the new battery production line is based on traditional PERC technology and 210mm product size, downward compatible with other silicon wafer sizes and upward compatible with P-type PERC + and N-type Topcon batteries.We expect that the company is expected to achieve the industry’s first battery capacity scale and comprehensive layout for different technical routes, and to maintain its leadership in the next round of battery technological innovation. Multi-faceted funding to support professional strategies.We think Tongwei’s current expansion plan shows the company’s focus on silicon and the strategy of connecting the two batteries to the same.The funding target takes into account that 58 to 80 billion yuan of funds will be spent in 4 years (average annual value of 140 to 200 billion yuan), and the company’s annual operating cash flow is 8 to 9 billion yuan. The company is expected to pass project loans, green bonds andPossible equity financing channels to raise the remaining funding gap. Estimates suggest that we re-optimistic about the company’s double benefit of stabilizing battery profitability under the background of silicon material price rebound and silicon wafer price reversal in 2020, and maintain outperform industry rating and target price.37 yuan, corresponding to 20.5 and 16.1x 2020/21 price-earnings ratio, which has 30% more upside than before.Currently leading trades at 15.8 and 12.4x 2020/21 PE ratio. Risks Overseas photovoltaic demand is less than expected; backward production capacity of silicon materials has not exited as scheduled.