Category: 新闻

2015NBA Finals Sixth Game Latest Warriors Vs. Cavaliers 4-2 Championship

2015NBA Finals Sixth Battle Latest Report Warriors Win Cavaliers 4-2 Championship
The Golden State Warriors (67-15) won the championship.Although LeBron had 32 points, 18 rebounds and 9 assists, Curry had 25 points and 8 assists, Iguodala had 25 points and 5 assists, Green sent a triple-double, and they led the team to rely on one and threeThe climax of the festival established the advantage, and the Warriors defeated the Cleveland Cavaliers 105-97 (53 wins and 29 losses) as a guest in Game 6 of the Finals.The Warriors defeated the Cavaliers 4-2 to win the championship. This is when they won the championship after 1975.Curry was caught shortly after halftime.LeBron’s back. Warriors Curry scored 25 points, 8 assists, 6 rebounds and 3 steals, Iguodala scored 25 points, 5 rebounds and 5 assists, Green scored 16 points and 11With rebounds and 10 assists, Ezeli had 10 points and 4 rebounds, Livingston had 10 points and Barnes had 9 points.The Cavaliers’ LeBron had 32 points, 18 rebounds, 9 assists and 6 turnovers. Smith had 19 points and 5 rebounds. Mozgov had 17 points, 12 rebounds and 4 blocks. Thompson had 15 points.With 13 rebounds, Schubert had 8 points and 3 rebounds.  The Cavaliers at home started well, and they quickly led 7-2.Curry returned to the offensive state. He broke through three times and scored three points. He led the team to respond quickly to the 11-1 small climax. The Warriors successfully overtake.After the two sides each scored a few points, the Warriors feel better on the perimeter. Green, Iguodala and Barnes made three points respectively. At the end of the first quarter, the Warriors led 28-15 with 13 points.  Jones played a role after the start of the second quarter. He scored 6 consecutive points and the Cavaliers narrowed the points.Barbosa returned a three-pointer, Mozgov played an important defensive role on the field, the Cavaliers took the opportunity to counterattack again, they played a 6-1 counterattack wave, the Cavaliers trailed 27-32 at 6 minutes and 35 seconds before halftime.Barnes countered with a three-pointer, but the foul trouble brought a lot of impact to the Warriors. Thompson and Iguodala had three fouls on their backs and could only sit on the bench.LeBron scored 6 points in an offensive effort. He also assisted Thompson for a layup. The Cavaliers chased 41-45 in the first minute before halftime.Barnes missed a jumper, Thompson made a supplementary deduction, and the Cavaliers were 43-45 behind by 2 points.  The Warriors’ Curry scored 11 points in the first half, Iguodala scored 10 points and Green scored 9 points; the Cavaliers’ LeBron scored 15 points and Thompson scored 11 points.  After the start of the third quarter, the Cavaliers scored 4 points, the Cavaliers 47-45 overtake 2 points.Barnes’ three-pointer stabilized the situation, the Warriors fired again from the outside, Green hit a three-pointer, Iguodala succeeded twice, they led the team to play a small climax of 11-2, the Warriors re-started with 56-497 points ahead.LeBron broke through and scored, Iguodala scored 3 points with consecutive shots, Livingston also succeeded in two offenses, the Warriors pulled the advantage to double digits.The two sides then scored several offenses, and the Warriors led 12 points with 73-61 at the end of the third quarter.  Barbosa broke the layup to open the fourth quarter, the Cavaliers did not retreat set off the counterattack, LeBron scored 4 points and played a 7-0 counterattack wave, they chased to 68-75.The Warriors immediately stopped. They returned to the field to rely on the outside line to stabilize the situation. Curry hit two three-pointers. Iguodala and Thompson also scored a three-pointer. The Warriors had 6 minutes and 45 seconds in the fourth quarter.Leading 14 points with 89-75.The two sides each scored two offenses, Smith made two free throws, LeBron broke through to score, and the Cavaliers narrowed the gap to 11 points.Green made two free throws to stabilize the situation, Curry also broke through, and the Warriors led 98-85 with 1 minute and 50 seconds left in the fourth quarter.  The Cavaliers still did not give up, Delaware made two free throws, Smith made three points, the field difference was reduced to 9 points.Curry made two free throws, Smith made another three points, and the Cavaliers trailed 92-100.Green missed two free throws, LeBron broke through to score, Curry made one free throw, the Warriors led 101-94.After the Cavaliers timeout, Smith made another three points, Curry made two free throws, Smith missed a three-pointer, Iguodala scored a rebound, Thompson quickly fouled, made two free throws, 21 seconds in the fourth quarterThe Warriors led 104-97.LeBron missed a 3-pointer. Iguodala got a rebound and was fouled. The Cavaliers replaced LeBron. Iguodala made two free throws. The Warriors won 105-97.  Warriors starting lineup: Curry, Thompson, Barnes, Iguodala, Greene Cavaliers starting lineup: Delavedova, Schubert, LeBron, Thompson, Mozgov

Sun Yang’s hearing process announced, this arbitration is still not the final result

Sun Yang’s hearing process announced, this arbitration is still not the final result
Sun Yang will face this hearing confidently.Picture / Sports In the afternoon of November 15th, Beijing time, the International Sports Arbitration Tribunal (CAS) heard Sun Yang ‘s “violent resistance” hearing in Montreux, Switzerland.CAS recently announced the list of arbitration teams and the specific process of the hearing.Judging from the published list of arbitration panels, Judge Franco Fratini from Italy is the chairman of the panel, and there are two people with extensive legal work experience: legal advisers Romano Subioto and Philip· Sanders.According to relevant procedures, the hearing will be announced at 16: 5 on November 15th, Beijing time, and Sun Yang will appear in 10 minutes.At 17:45, the appealer will submit witness testimony.Between 19:45 and 20:45, the recess time, the first switch after the recess is witnesses from the World Anti-Doping Agency.At 0:35 on the 16th, Beijing time, the hearing will be handed over to the various settlement and debate procedures. At 3:00 on the 16th, Sun Yang will complete the final insertion. This is the last interval of the hearing.According to CAS, this time flow may be adjusted according to the situation on site.The Air Force CAS once announced that no decision will be announced at this hearing. After the arbitration panel is reopened, the decision will be announced later.It is worth mentioning that this ruling is still not the final result. CAS stated in the announcement, “For the arbitration judgment made by CAS, you can appeal to the Swiss Federal Supreme Court, and the recognition period is 30 days.”

Sunsea Intelligent (002313) Semi-annual Report Review: Integrating the IoT Cloud + End Ecology to Layout the AIOT Industry

Sunsea Intelligent (002313) Semi-annual Report Review: Integrating the IoT “Cloud + End” Ecology to Layout the AIOT Industry

Investment highlights: The company’s interim results have fallen slightly. The company recently released its semi-annual report for 2019 and achieved operating income of approximately 23.

68 ppm, an increase of 29 in ten years.

51%; Net profit attributable to shareholders of listed companies is approximately 4,319.

400,000 yuan, down 12 every year.

11%; the net profit of alternative non-recurring gains and losses attributable to shareholders of the listed company is approximately 3472.

30,000 yuan, down 18 every year.

82%; basic profit income is 0.

1384 yuan.

The company’s first half profit was in line with market expectations.

The adjustment of the company’s business structure was completed, and the growth of the Internet of Things business was obvious. In the first half of this year, thanks to the rapid growth of the Internet of Things business, the company’s main revenue and costs maintained a synchronous increase of about 30%, and the overall gross profit rate was 16.

8%, down by 1 every year.

4 units.

In terms of expenses, the sales expenses increased by 27%, the management expenses remained the same as the previous period, and the research and development expenses were 64.53 million, an increase of 44% each year. The main reason was that the company increased the research and development expenses of AI intelligent products and new module products, and the financial expenses increased by 133%.Mainly due to the increase in interest on bank borrowings.

As the industry settlement is expected to affect the company’s current operating cash flow of -59.18 million.

As for the specific business of the company, the company’s main business currently includes the Internet of Things business and communication service business.

The main products and services of the IoT business include IoT large and medium-sized platforms, intelligent communication equipment, intelligent terminals and IoT solutions, which are mainly used in public utilities, smart cities, transportation and logistics, connected cars, and smart homes.

In the first half of the year, the company’s IoT business revenue was 13.

USD 5.6 billion, an annual increase of 137%, the business accounted for 57% of revenue, the relative proportion increased by 25 percentages, the industry gross margin reached 14.

8%, an increase of at least 3 percentage points; the main products and services of the communications service business include wired broadband, data centers, wireless stations, small base stations and communications engineering services, mainly for the three major domestic telecommunications operators, communications equipment manufacturers andThe end user provides a complete set of solutions for physical connection, wiring, protection and comprehensive wiring of the communication network.

In the first half of the year, the company’s communications business income was 10.

1.2 billion US dollars, a year-on-year decrease of 18%, the business accounted for 43% of revenue, the relative proportion fell by 15 units, the industry gross margin was 19%, but fell by 1.

8 units.

The change of the company’s business proportion is mainly based on the company’s business strategy tilting towards the IoT field. The completion of the transformation to the IoT company through mergers and acquisitions has led to an increase in IoT product revenue, while the decline in the communication network equipment product business is the response of the company to operators.The impact of declining investment and fierce price competition in the bidding model has streamlined product lines and adjusted product strategies.

Therefore, the Internet of Things business will become the company’s main development direction in the next two years.

Seize the development opportunities of the Internet of Things industry and comprehensively deploy the Internet of Things industry chain. Mobile communication networks are developing from communication between people to data exchange between people and things, things and things.

According to the plan of the Ministry of Industry and Information Technology, by 2020, the scale of the Internet of Things industry will exceed 1 per year.

5 trillion.

According to GSMA forecast data, the number of global Internet of Things terminal receptions will reach 10 billion levels by 2025.

At the same time, the commercial development of 5G technology drives the rapid development of personal and industry mobile applications. 5G networks provide users with flexible, reliable and efficient connections, providing a broader application prospect for the smart Internet of Things, promoting consumer Internet of Things, smart city Internet of Things and production.The rapid development of application areas such as the sexual Internet of Things.

According to the forecast of the ICT Institute, telecom operators will invest more than 2200 trillion in 5G network equipment in 2020, and spending on 5G equipment in various industries and fields will exceed 520 billion US dollars in 2030.

The company has seen the broad prospects of the Internet of Things application market in the 5G era, positioning itself as an emerging intelligent Internet of Things (AIoT) company, with the goal of becoming a leader in the domestic artificial intelligence Internet of Things.Xinxuntong and Longshang Technology, using modules as the fulcrum, began to fully penetrate into the field of IoT, and then invested in the world’s leading IoT cloud platform company, the United States of America Ella, to establish a joint venture company in China and quickly own the leading IoTCloud platform technology and operational capabilities.

Based on the “cloud + end” technology architecture, layout of three major product lines: large, medium and large platforms, AIOT smart devices and smart terminals, has successively launched 5G modules, AI neural hub platforms and various types of smart terminals, smart devices and other innovative products.And obtain applications in multiple cities such as smart cities, smart suites, smart logistics.

In terms of product innovation, the company launched a 5G module at this year’s MWC conference and released a 5G module for real network testing in June. It has cooperated with a number of industry application companies to jointly launch 5G CPE (home gateway) and 5G industry.5G products such as routers, 5G gateways, 5G small base stations, etc. In software technology, the company released the first AI city nerve center-AI perception platform, supporting the integration of equipment, data, and applications with new technologies of large, medium and large platforms.It also integrates various downstream intelligent terminals, connects systems, and shares applications, and provides unified and enhanced support through AI smart boxes.

Play a core supporting role in multi-level scenarios such as smart cities, parks, communities, 都市夜网 and buildings.

At the same time, the company gradually implemented the Internet of Things to realize the intelligent upgrading and transformation of traditional industries. Through the intelligent transformation of traditional communication equipment products, it has successively introduced smart products such as smart ETC cabinets, smart street lights, and intelligent optical interlocking.In order to improve the market competitiveness of the company’s communication products; continuously expand the application scenarios of smart terminal equipment, the company independently developed or jointly developed a number of direct-to-consumer smart terminal products, such as smart smoke sensors, smart manhole covers, and smart door locks.Intelligent water meters, intelligent management equipment for electric vehicles, 5G drones, 5西安桑拿G robots, etc. complete the industrial chain.

With the introduction of the early AIOT concept, the company continued to make efforts in the field of AIOT. It has developed AI smart boxes, AI video edge computing terminals, and AI vehicle edge computing terminals. The AI smart box is the core foundation for collecting and processing large amounts of data.Added to the cloud platform database combined with AI machine learning to improve the behavior feature database.

In terms of industry applications, the company cooperated with China Telecom Tianyi Internet of Things company’s smart smoke detection SaaS platform has been launched, providing Guangdong Unicom with a series of Internet of Things services such as smart buildings, smart smoke detection, and smart transportation.

The profit forecast considers the comprehensive and good layout of the company’s business in the Internet of Things. The business structure has basically completed the transformation to the Internet of Things field. The company will gradually transition to the rapid development of the Internet of Things industry in the next two years to achieve rapid business growth. We expect the company in 2019?2021 revenue will reach 64.
09 billion, 86.

5.2 billion and 112.

48 ppm, corresponding to a return to net profit of 1.

01 billion, 2.

01 billion and 3.

1.7 billion.

Give the company an “overweight” rating.

Risk reminder: The development of the Internet of Things industry is less than expected, and the company’s communications products continue to decline in gross profit.

Zhenhua Technology (000733) in-depth report: Focus on military electronics boosting benefits External IC assets promote integration

Zhenhua Technology (000733) in-depth report: Focus on military electronics boosting benefits External IC assets promote integration

Investment points The company has inherited the superior assets attached to the military electronics base—083 base, and is gradually the main supplier of basic components for military electronics equipment (military market share: more than 75% of capacitors, including 98% in some aerospace fields; diodes 40%; Resistance 85% or more).

Looking forward to the next ten years, the company’s high-tech electronic segment is expected to maintain a rapid growth of more than 10% for a long time through the accelerated advancement of the electronic information construction of our army and the completion of the company’s fund-raising projects.

After the expansion 深圳spa会所 of the mobile phone foundry business revenue in 2018, the company’s dedicated machines and core components, which are not profitable, will continue to shrink or even divest, further focusing on the development of high-tech electronic sectors, and significantly improving the company.Overall asset quality and return on equity.

The company, as the controlling shareholder of China Zhenhua, is the only listed platform of each company, and the in vitro integrated circuit assets are scarce: Chengdu Huawei Technology is one of the leading FPGA chip companies in China; Zhenhua scenery is driven by high voltage and high current power and RDC (shaft angle converter)The field is at the domestic leading level, and the products are widely used in various fields of national defense.

Following the injection in 2014/2016, continuous integration of high-quality integrated circuit 杭州夜生活网 assets such as Chengdu Huawei Technology, Zhenhua Scenery, and other subsidiaries of the Group, especially the Group’s holdings, is expected to continue.

In December 2018, the company plans to start with 11.

The exercise price of 92 yuan / share was granted to 417 people (including 10 directors and executives, and 407 other core employees) for a total of 9.38 million stock returns, accounting for 2% of the company’s total share capital. According to the company’s stock incentive performance evaluation target, The company will achieve at least a net profit in 2019, 2020 and 2021.

700 million, 3.

1.2 billion, 3.

6.4 billion.

We expect the company’s 2018-2020 EPS to be 0.



66 yuan / share, corresponding to the closing price of PE on March 15 is 31/26/22 times, the first coverage, given a “prudent increase” rating.

Risk warning: The compression and replacement of the whole machine and integrated circuit business are less than expected; the profit improvement of the new energy battery business is better than expected; and the injection of external assets is uncertain.

Huadian International (600027): Electricity prices and fuel costs expected to continue to help profit recovery in the third quarter

Huadian International (600027): Electricity prices and fuel costs expected to continue to help profit recovery in the third quarter

The company’s recent situation Huadian International announced the first three quarters of 2019 operating data: the first three quarters of 2019, the amount of power generation, sales growth increased.

0% / 2.

1% to 1,582 / 148 billion kWh; average electricity prices continue to increase2.

0% to 414 yuan / megawatt-hour; market-based transaction electricity is 76.5 billion kilowatt-hours, accounting for 51.

7% (up from 12 decades ago).

Comment on the third quarter electricity prices continued the previous upward momentum, better than expected.

The company’s tax-included electricity prices increased in advance in the first three quarters2.

From 0% to 414 yuan / MWh, we estimate that the tax-included electricity price in the third quarter may increase by 2 every year.

7% to 412 yuan / MWh, a further increase from the second quarter.

Taking into account the reduction in yield, we expect that the deducted electricity price in the third quarter may exceed 5%, which is expected to drive the company’s revenue increase, slightly higher than expected.

At the same time, we estimate that the market electricity ratio in the third quarter may increase by 11/2 per annum to 56 instead of 56 per year.

5% level, and the narrowing of market electricity discounts or offsetting the pressure of electricity prices caused by increasing market power.

Electricity fluctuated slightly in the third quarter of 19, in line with expectations.

We estimate the company’s power generation in the third quarter every three times.

8%, mainly due to the annual reduction in thermal power generation4.

9%, of which the wind power output of Shandong province units decreased by about 20%, we think it may be related to foreign power entering Shandong.

At the same time, the company’s hydropower generation volume has grown significantly by 30% each year.

Downward fuel costs pushed the company’s third quarter earnings to increase significantly.

Based on the trend of coal power in the third quarter, we expect Huadian International’s unit fuel cost is expected to decrease by about 4%, which will drive the company’s profit to US $ 1 billion, which is 5% higher than the same period last year.

400 million more than 80%.

Estimates suggest that we keep our earnings forecast unchanged.

Huadian International-A / H is currently trading in September 2019.


2x P / E ratio and 0.


5x P / B.

Maintain Huadian International-A / H Outperform rating with target price of RMB 5.

3 yuan / HKD 4.

59 yuan, corresponding to the current budget has 48% / 53% of upside.

Huadian International-A / H target price implied 2019 14.


4x P / E ratio and 1.


7 times P / B ratio.

Risky coal prices were higher than expected, 杭州桑拿网 and power demand was lower than expected.

Sinoma Science & Technology (002080): Steady business development performance and steady growth

Sinoma Science & Technology (002080): Steady business development performance and steady growth

Event: The company released the third quarter report of 2019, and the total revenue in the first three quarters was 95.

34 ppm, an increase of 22 in ten years.

21%; Realized net profit attributable to mother 10.

190,000 yuan, an increase of 36 in ten years.

66%; net profit deducted from non-attributed mothers9.

62 trillion, an increase of 47 in ten years.


In a single quarter, the company achieved revenue of 34 in 19Q3.

71 ppm, an increase of 13 in ten years.

62%; net profit attributable to mothers3.

67 ppm, an increase of ten years.

50%; net profit deducted from non-attributed mothers3.

4.9 billion, an annual increase of 17.


Stable business performance and steady increase in performance: The report consolidated the company’s business segments to achieve stable development: 1) Wind power blades: The beneficiary demand side continued to flourish, and product sales and profitability gradually increased through product innovation and capacity layout adjustment; 2)The prosperity of the glass fiber industry has declined. The company continues to optimize the production capacity and product structure, further promote cost reduction and efficiency, and gradually increase the volume of new products, and gradually develop the industry against the trend. 3) Lithium battery segmentation: expansion of production and acquisition of bothThe rate continues to increase, production capacity accelerates, and market share increases significantly. 4) Gas cylinders: The commercial vehicle and unmanned aerial vehicle market has been deployed, and the average sales volume and gross profit margin have increased significantly.

The demand side continues to be strong and the profitability of the blades continues to increase: At present, the volume and price of tenders continue to rise, 2.


In September, the average bidding price of 0MW wind turbines was above 3800 yuan / kw, which continued to increase from the previous month. The gradual bidding volume reached 50GW, which increased by more than 100%, which will ensure that the industry will continue to maintain a high prosperity next year; and through wind power bases such as UlanchabuProjects have started one after another, coupled with the traditional peak season for wind power, parts and components companies have full orders, and the company’s gradually expanding volume is expected to reach 8-9GW.

The company currently has a total annual output of 8.

35GW wind power blade production capacity, of which high-power and large-leaf blades account for more than 20%, ranking the industry leader.

Since this year, the supply and demand of high-power and large-leaf blades have been tight, and the company is expected to benefit significantly.

Continue to optimize the capacity scale and maintain stable development of the fiberglass business: In the first half of the year, due to the increase in the production capacity of the industry and the friction between China and the United States, the volume and price of glass fiber were under pressure, and the performance of most of the industry’s enterprises declined.

Through continuous optimization of production capacity and product structure, the company has further promoted cost reduction and efficiency enhancement as well as the gradual volume increase of new products. The main products of spun yarn, wind power yarn and thermoplastic yarn have maintained a high level of profitability.

Among them, in the third quarter, Sinoma Jinjing, a holding subsidiary, will deploy R & D, production and sales of glass fiber wet felt and high-pressure glass fiber reinforced plastic pipes.

At present, the actual annual production capacity of the company’s glass fiber 上海夜网论坛 has exceeded 90 tons, and it has continued to steadily advance in internationalization and new product development. Through the continuous expansion of glass fiber product business, the structure has been further optimized, and the proportion of high-end and high-end products has continued to increase.It has exceeded 50%, and the comprehensive cost of the glass fiber industry will be further reduced under the scale effect.

The expansion of production paralleled the acquisition, and the profitability of lithium membranes was steadily improved. According to GGII, it ranked second in the second quarter. The overall scale slightly increased, and the growth increased.

8%, an increase of 10 from the previous month.

1%; The company’s budget for the first three quarters of the wet process reached 800 tons, and the report was 南京夜网论坛 extended. The four production lines of the first phase project of Sinoma’s lithium film lithium battery separators are operating well, and at the same time, they will increase capital to Hunan Zhongli 9.

9.7 billion acquired 60% of its equity. The combination of expansion and acquisition will rapidly increase the company’s scale of production capacity and market share.

In terms of market development, the company is still in full swing. At present, the company has provided bulk supply for conventional domestic battery companies, and has long-term cooperation agreements with some well-known battery manufacturers. At the same time, it actively develops international customers. It is expected that small-volume supply will be achieved in the second half of the year.
With the effective release of production capacity and the concentration of production capacity to the companies on the right, the company’s lithium battery breakthrough industry profitability has continued to improve.

Investment suggestion: We expect the company’s 19/20/21 revenue to be 141/163/177 billion, with a growth rate of 23% / 15% / 9%; net profit attributable to the mother14.



8.7 billion, a growth rate of 56% / 20% / 14%.

Maintain the company’s Buy-A rating and target price of 13.

05 yuan.

Risk warning: glass fiber, subdivision price increases significantly, etc.

Inner Mongolia Huadian (600863): Despite unfavorable factors, performance still exceeds expectations

Inner Mongolia Huadian (600863): Despite unfavorable factors, performance still exceeds expectations

Event: The company released the forecast for the first half of 2019. It is estimated that the net profit attributable to mothers will be 7 in the first half of the year.

03 to 7.

77 ppm, an increase of 140 in ten years.

22% to 165.

51%, exceeding Shenwan Hongyuan’s expectations.

  Key points for investment: The power generation of Mengxi units continues to grow at a high rate, and the power generation capacity of units sent directly to North China is dragged down by maintenance.

At present, the Mengxi region has become a major base for the transfer of high energy-consuming industries such as steel and non-ferrous metals, and the growth in demand for electricity continues to lead the country.

Electricity consumption in the first half of 2019 increased by a decade.

06%, second only to Tibet, ranking second in the country, and the company’s Mengxi unit’s power generation in the first half of the year increased by 20 each.


  For direct-fired units in North China, due to the centralized maintenance arrangements of the units, the company’s total emissions to North China decreased by 12 in the first half of the year.


In terms of quarters, the company’s direct-fired North China generating units in the first quarter decreased by 19 each year.

63%, of which Weijiabang Power Plant and Shangdu Power Plant decreased by 16.

5% and 20.

9%; in the second quarter, the maintenance of the Weijiayu Power Plant was completed, and the power generation in the single quarter was the same as that of the same period last year, and the power generation in Shangdu Power Plant decreased by 8.

5%, the decline has narrowed significantly.

  The volume and price of the Mengxi unit rebounded, and the participation of the equity-owned power plant improved the Tuoketuo dividend, and the company’s performance exceeded expectations.

The company’s average on-grid electricity price in the first half of 2019 was 253.

51 yuan / kilowatt, reduced by 0 every year.

54%, mainly due to Wei Jiazheng’s low temporary electricity price settlement. We judge that the supply and demand in Inner Mongolia will benefit from the improvement in electricity prices in the second half of the year.

In the first half of this year, the coal price index in the Mengxi region fell by 5 year-on-year.

89%, the company’s profitability is expected to improve significantly.

The company received a 15% stake in Datang Tuoketuo Power Plant to confirm investment income and increase investment income2.

3.4 billion US dollars, in addition, the company’s share of power plant profits also benefit from improved supply and demand performance.

  The end of the overhaul of the North China unit and the increase in electricity prices helped release the second half of the year. The high dividend rate promised to highlight the value of the allocation.

  Judging from the single-quarter power generation in the second quarter, the company’s outbound unit maintenance 北京夜生活网 is currently nearing completion, and it is expected to continue to release results in the second half of the year.

  In terms of coal prices, the Mengxi Electric Coal Price Index extended for a single month in June 7.

85%, at least the decline is significantly more than in the first five months. The outlook initially decided to adjust the high-quality coal production capacity in the Mengxi region to accelerate the release. The 19-year downward trend in coal prices was determined.

Against the backdrop of a warmer performance, the company promises that the annual cash dividend rate for 2019-2021 will not be less than 70% and sometimes the dividend payout will not be less than 0.

09 yuan, according to our latest profit forecast and current expectations, assuming a 70% dividend rate, the company’s 2019 yield is expected 深圳桑拿网 to be as high as 6.


  Earnings forecast and grade: Continue to maintain the company’s net profit forecast for its mothers for 2019-2021 is 15 respectively.

37, 18.

64 ppm and 20.

33 ppm, the current sustainable corresponding PE is 12, 10 and 9 times respectively.
With the improvement of the power output of the delivery unit and the improvement of the performance in the second half of the year, the company’s coal and electricity integration is profitable, and the improvement in supply and demand in the beneficiary area is determined.Re-buy rating.

Meinian Health (002044) Company Research: Date Ali Business Expansion Business Expects Expectations

Meinian Health (002044) Company Research: Date Ali Business Expansion Business Expects Expectations
The company announced that shareholders and other shareholders signed the “Share Transfer Agreement.”The company announced that the controlling shareholders, concert parties and other shareholders have separately reorganized the “Share Transfer Agreement” with Ali Networks, Hangzhou Xintou, and Shanghai Qijun to transfer the total share capital.58%, 5.24%, 5.34% of shares, the transfer price is 12.01 yuan / share. With the introduction of Ali warfare investment, the future business development in an overhaul area is worth looking forward to.Yunxin Venture Capital, a shareholder of Hangzhou Xintou among the three transferees, is an overseas investment platform of Ant Financial. Shanghai Qijun is a subsidiary of Yunfeng Fund. Therefore, the background of the three transferees is Alibaba and Ant Financial., Yunfeng Fund, set up Ali funds (Ali also participated in the company’s fixed price increase).Mei Nian now has a standardized medical examination network covering the whole country, and it is shifting to a high-end personal examination business strategy. After transferring Ali’s war investment, its online platform will gradually change its chemical reaction on the personal examination business. The business expansion is worth looking forward to.The department is committed to expressing strong support in the company’s informatization and intelligence.In addition, Ali has also participated in the 杭州桑拿 privatization of Aikang Guobin. This time, it has become the second largest shareholder of Meinian Health.Sex. The debt risk of major shareholders has decreased significantly.After the transfer of shares, the major shareholder Yu Rong and his concerted parties will be initialized.The 61% shareholding ratio dropped to 22.88% will reduce its debt risk and benefit the company’s stable development. Earnings forecast: We expect the company’s net profit attributable to its mother to be 9 in 2019-2021.69, 12.70, 16.1.4 billion, an annual increase of 18.0%, 31.2%, 27.1%, the current sustainable corresponding PE is 53x, 40x, 32x, maintaining the “Buy” rating. Risk reminders: The transformation of the individual examination strategy is less than expected; the expansion of the medical examination center is less than expected; the 上海夜网论坛 doctor-patient risk.

Spot countermeasures: TCM conditioning

“Spot” countermeasures: TCM conditioning

Experts interviewed: Li Shuping, Liwan District Hospital of Traditional Chinese Medicine, attends Dr. Li Shuping. The scope of TCM treatment is generally chloasma, and it is believed that “spleen wetness and kidney deficiency are the cause of the onset of the disease.Caused by maintenance. ”
Therefore, Chinese medicine classifies chloasma into two types: kidney deficiency and liver stasis and spleen deficiency and liver stasis. For these two spots, the following prescriptions of traditional Chinese medicine are prescribed:The color is dark and dark, the shape is thin, mostly with waist and knees soft, less menstrual flow, upset and irritable, nocturnal dreams, less red tongue, and thin pulse strings.
  Prescription (Use: Tonifying the kidney, nourishing blood, nourishing the liver and draining the liver) Ligustrum lucidum 20 Echinacea 15 Huaishan 15 Mature land 10 Mangosteen 10 Motherwort 10 Angelica 10 White peony 12 Salvia 12 Chaihu 6 Chuanxiong 6 Pine shell 6 (Unit: g)   2. Spleen Deficiency and Liver Stasis Type: Color spots are distributed on the two palate and the periphery of the mouth. They are full in shape, with abdominal distension, thin stools, dark red tongue, and white greasy fur.
  Prescription (use Shugan Liqi Jianpi Huashi) Chaihu 6 Angelica 10 Angelica 10 Stir-fried pine shell 10 Rose 10 Safflower 10 Atractylodes 10 Yunquan 10 Atractylodes 10 White silkworm 10 Winter melon kernel 15 White aconite 10(Unit: grams) Requirement: Use three bowls of water to brew the herbs for half an hour, then fry for another half an hour.
Generally good recovery can be achieved in half a month.
  Special reminder: In the stage of traditional Chinese medicine, even in the summer, you should drink less pork bone soup. Things that are too greasy are the most likely to cause spleen deficiency. In addition, excessive drinking of beer in the summer will also be detrimental to the liver.

Store food and make 10 mistakes

Store food and make 10 mistakes

A large piece of meat bought in the supermarket is placed directly in the refrigerator, and the nose smells to determine whether the food is out of date. Do you usually have these habits?

A few days ago, the Canadian “Life Magnifier” website published an article that published the “10 common mistakes made in storing food” summarized by the Canadian Health Organization and the Mayo Clinic in the United States.


Not seriously sealed.

Improper sealing can easily cause air and moisture to enter, causing food spoilage.

[Corrective action]When storing food, it must be tightened tightly or the air in the plastic bag must be squeezed out, and then sealed.

If the plastic wrap cannot seal the container, it is best to use a rubber band.


Do not change the original packaging.

Food wrapped in cling film, such as meat, cut vegetables, and fruits, seems to be tightly packed. In fact, it is likely that there are leaks that are hard to find with the naked eye.

[Corrective action]If the food wrapped in plastic wrap is not eaten for a while after you buy it, you should remove the original packaging, repack it with a clean plastic bag or plastic wrap, and put it in the refrigerator.


The storage container is too large.

Less food and too large containers can easily cause the food surface to harden and accelerate its spoilage.

[Corrective action]The food and storage container should be matched as much as possible, and the space left should be as small as possible.


Large pieces of food are not disassembled for storage.

Large pieces of food such as pigs, cows, and sheep cannot be eaten once if they are not stored separately. The next time they thaw again, it is easy to accelerate food deterioration.

[Corrective action]Divide large portions of food into several portions that can be eaten at once, and wrap them separately for storage.


Pay no attention to the refrigerator temperature.

Refrigerator temperatures slightly higher may cause some food to deteriorate.

[Corrective measures]The temperature of the refrigerator freezer and freezer should be lower than 4 ℃ and minus 18 ℃ respectively.


Recycling of plastic takeaway boxes.

Many people are reluctant to throw containers such as plastic takeaway boxes for repeated use.

But these boxes aren’t sturdy, and any breakage can cause the food to spoil quickly.

[Corrective action]Dispose of the take-out box when it is used up. Use a new container for food to ensure it is not damaged.


Put food on the refrigerator door.

The temperature on the refrigerator door is usually slightly higher than the temperature inside the refrigerator, causing the food to restart and deteriorate.

[Corrective action]Perishable food such as eggs, milk and fresh cooked food should be placed on a shelf or box inside the refrigerator.


Put too hot food in the refrigerator.

Do not put food in the refrigerator when the food is too hot, otherwise it will not only waste the refrigerator, but also cause the surrounding food to breed bacteria because of the temperature rise.

[Corrective action]Keep warm foods cool before adding them to the refrigerator.

Refrigerate large boxes of warm food by adding some ice cubes or storing them in small portions.

Leftovers in the refrigerator are not labeled.
Leftovers are easily forgotten when placed in the refrigerator, and these foods are more likely to spoil even when refrigerated.

[Corrective action]When leftovers and leftovers are put in the refrigerator, it is better to label them and indicate the date.

Once it expires, throw it away.


Smell to see if it’s expired.

Many people don’t know the shelf life of food, just judge whether the food is spoiled by smell alone.

In fact, unscented food may have spoiled.

For food contaminated with Listeria, the color and aroma will not change.

[Corrective Action]Pay attention to the best date for consumption on the package.

It is best to judge whether the food is spoiled by its appearance and feel.

If the meat is discolored, sticky, or swollen, it should be thrown away immediately.