Wangfujing (600859) Annual Report Commentary: Multi-format Synergy Effect Appears to Increase Consumption Under Pressure

In the second half of 2018, the industry’s pressure-bearing company’s revenue was lower than expected, and Ole contributed revenue growth. On March 23, 2019, the company released its 2018 annual report: a total of 267 internal revenue.

1.1 billion (+2.

38%); net profit attributable to mothers12.

1.0 billion (+66.

95%), equivalent to an EPS of 1.

55 yuan / share.

Among them, the company achieved a total of 75 operating income in the fourth quarter.

1.3 billion; net profit attributable to mother 2.

1.3 billion yuan.

Emerging department store / shopping mall revenue rose -0.

09%, gross profit margin increased by 0.

01%, Ole revenue increased by 8.

52%, gross margin increased by 0.

04%.

　　The gross profit margin increased, and the expense ratio decreased during the period. The company’s gross profit margin was 21 in 2018.

18% (+0.

46pct), net interest rate 4.

59% (+1.

02pct), excluding the impact of quarterly revenue in the first quarter, net margin increased (+0.

5pct).

The total of the three fees dropped to 14.

08% (-0.

49 points).

Among them, the sales expense ratio dropped to 10.

85% (-0.

11pct); the overhead rate increased to 3.

68% (+0.

01pct); financial expense ratio decreased by -0.

45% (-0.

39pct).

　　Changchun Ole opened at the end of the year. The number of new stores in 2019 is expected to significantly increase the company’s 苏州夜网论坛 compliance with the macroeconomic structure, deepen the integration and development of the format, and enhance the format advantage.

The department store format further extended the scope of business, increased the function of shopping centers, introduced Olle elements, and adjusted the business model.

It also accelerated the development of the capital operation mode of the supermarket, and established a joint venture with Shouhang. The first Wangfujing Shouhang supermarket opened during the year, which has increased the richness of the business format and promoted the future chain development of supermarkets.

Four department stores (Beijing Daxing Store, Chongqing Jiefangbei Store, Guizhou Guochen Store, and Xiamen Jiahe Store) were closed in the south. On December 30, 2018, a new Changchun Ole family was opened.

On March 22, the company intends to
.

900 million cash to 深圳桑拿网 buy Ordos City 6.

20,000 square meters of leased properties, the number of new stores is expected to increase significantly in 2019.
　　Multi-formats help increase revenue, solidify Wangfujing brand influence, maintain “strongly recommended” rating company has formed a comprehensive department store, shopping mall, outlet, supermarket multi-format collaborative development, Wangfujing brand has received national influence and surpassed the brandThe influence continues to expand shopping malls and outlets, boosting revenue growth.
The company’s controlling shareholder, Wangfujing Dong’an, and BTG Group implemented a strategic reorganization, which effectively integrated corporate culture and system construction. It accelerated the marketization process in terms of systems, mechanisms, and expenditures; changed the resources advantage of BTG Group and actively created lifestyle servicesThe new positioning of the industry industry group strengthens the business interaction of various formats, improves the efficiency of resource allocation, forms a strong development synergy, effectively enhances Wangfujing’s comprehensive competitiveness, and the company’s profitability continues to improve. We increase the company’s EPS for 2019/2020/2021To 1.

55 (+0.

19) / 1.

71 (+0.

25) / 1.

84 yuan to maintain the company’s “strongly recommended” rating.

　　Risk Warning: Macroeconomic Risks; Downside Consumption Risk; The Company’s New Store Opening Is Less Than Expected

Wandong Medical (600055): New products continue to be introduced. Product structure is upgraded to high-end. Revenue will accelerate in 2019.

The company released its annual report and first quarterly report. In 2018, the company achieved operating income, net profit attributable to mothers, and net profit attributable to non-mothers was 9, respectively.

55 billion, 1.

5.3 billion and 1.

3.7 billion, an increase of 7 each year.

98%, 40.

52%, 59.

56%, a cash dividend of 1 for every 10 shares.

00 yuan (including tax).

The first quarter realized operating income, net profit attributable to mothers, net profit attributable to non-mothers was 1, respectively.

6.2 billion, 0.

5.7 billion and 0.

1.8 billion, an increase of 20 each year.

36%, 59.

80%, -1.

twenty one%.

The annual performance maintained high growth, in line with our expectations of the company’s operating income in 2018, net profit attributable to mothers and net profit after deducting non-attributions to mothers respectively.

98%, 40.

52%, 59.

56%, about 8 in 2017.

67%, 52.

52% and 41.

53%, the company’s revenue maintained steady growth, and the profit side maintained rapid growth.

In 2018, the company strengthened the sales of 四川耍耍网 second-tier and higher-level medical institutions. Through the refinement of mission goals, strict sales assessment, and multi-regional promotion, the sales of second-tier and higher-level medical institutions gradually reached 30%.
Looking at the fourth quarter alone, it increased by -3 per year.

88%, 41.

20 and 148.

62%.

The company’s profit growth rate is higher than the income growth rate mainly due to the effect of controlling costs and increasing efficiency.

In the first quarter of 2019, operating income, net profit attributable to mothers, and net profit after non-attribution to mothers increased by 20, respectively.

36%, 59.

80%, -1.

twenty one%.

The revenue rose month-on-month. As the sales expenses increased by about 25%, it had some impact on the profit side.

The company’s previous performance quarter was obvious. The net growth rate of non-attributed net profit in Q1-4 of 2018 was 325.

73%, 11.

43%, 35.

59% and 148.

62%, of which Q1 is a high base. In terms of products, the sales volume of DR increased, and the revenue of nuclear magnetic resonance increased rapidly. In terms of sales volume, DR products were basically the same as last year, and superconducting 1.

5T formaldehyde, flat DSA, 16-slice CT, and molybdenum targets have all grown rapidly.

DR product line: In 2018, the company’s overall sales of DR products were 1,772 units, which was basically the same as the 2017 division.

Initially, the situation is that the government’s centralized procurement projects in primary hospitals in various provinces in 2018.The company achieved rapid growth in sales of DR products at the retail end by adjusting market strategies and marketing plans. As a result, overall revenue increased, and sales of secondary and higher medical structuresThe ratio has increased significantly, and the number of DR product sales has gradually ranked first in the domestic market.

In 2018, the company launched a 40kW high-power mobile DR product, and all 14 high-end DR models of flat DR were selected into the domestic excellent equipment list, becoming the manufacturer with the largest number of DR products.

In the future, the company will be committed to improving its policy advantages, increasing the sales ratio of tertiary hospitals, and consolidating the number one position in the domestic industry.

Magnetic resonance product line: In 2018, the company sold a total of 108 magnetic resonance products, an increase of 31 each year.

71%, 1.

Sales of 5T superconducting MRI products have nearly doubled.

The company’s nuclear magnetic sales volume ranks second in the domestic market and is a product line with accelerated growth in the imaging product line.

New high-end superconducting magnetic resonance imaging system i_Space 1.

5T has cooperated with three domestic super-large hospitals to conduct clinical trials and cooperate in research and development to achieve gradual optimization from core components to image quality.It has been approved in February 2019 and is expected to be available in the second quarter of 2019.Guide 1.

5T products will provide support for the company’s large-scale imaging equipment to enter hospitals above the second level.

The company’s superconducting 3.

The development of 0T products is in progress, and registration is expected to start in 2019.

In the future, transformation 1.

Continuous volume of 5T superconducting MRI products, and new product i_Space 1.

With the listing of 5T, the company’s magnetic resonance products will gradually narrow the gap with international brands, gradually increase market share, and achieve rapid revenue growth.

Other product lines: DSA angiography system products have achieved low-dose imaging technology breakthroughs, benefiting from the National Health and Family Planning Commission’s policy of canceling the management of vascular interventional therapy products (DSA) configuration certificates.Become the preferred product of county hospitals.

The flat-panel digital turbine can achieve the advantages of far higher integration than other domestic brands, ranking the industry leader. In 2018, the sales volume ranked first among domestic brands, and most of the users were public hospitals above the second level. In 2018, the company launched two newThis dynamic flat rehabilitation product can meet the needs of various types of medical institutions. It is expected that the implementation of the company’s marketing team to expand the promotion efforts and the implementation of graded diagnosis and treatment policies will achieve rapid growth.

Wanliyun’s business layout is AI medical, and Wanliyun, a holding subsidiary of the online and offline collaborative development company, focuses on the three major segments of remote imaging diagnostic services, third-party imaging center business and imaging cloud SaaS services.

The initial online reading volume has gradually exceeded 10 million; in terms of AI image diagnosis technology, the development and testing of AI imaging diagnostic software for lung CT, osteoarthritis, and healthy lungs have been completed; and 15 third-party imaging centers have been completed.

At present, the company’s remote imaging diagnostic service business ranks first in the industry.

In the future, Wanli Cloud will achieve rapid revenue growth, turn losses into profits, and work with offline equipment and services to develop in a coordinated manner to build a smart medical blueprint.

The company has rich reserves of new product research and development. The company expects to launch new products such as the New Oriental 1000F medical X-ray photography system and DRF-5 / 6 medical diagnostic X-ray machine in 2019, which is expected to achieve new growth.

Other than that, the company 3.

0T superconducting magnetic resonance imaging systems, dynamic flat-panel detectors and other products are under study. It is expected that 64-row and 128-row X-CT products will be launched in the future and ultrasound products will be laid out to achieve full coverage of imaging products.

Financial indicators are basically normal. In 2018, sales, management and financial expenses were reduced by 3 respectively.

1%, 6.

27% and 36.

78%.

Selling expenses have been reduced, and offline channels have been optimized for reporting, and new media brand promotion has been promoted; R & D expenses are 0.

62 ppm, an increase of 0 per year.

67%, initially to continue to increase research and development investment, increase the salaries of some key backbone research and development personnel, and reach a competitive level of expenditure with the industry.

The overall gross profit margin is 43.

60%, which is equivalent to an increase in 2017. The independent production of FPD (X-ray flat panel detectors) and miniaturized high-voltage generators have significantly increased the average gross profit margin of DR product lines.

The increase in net cash flow from operating activities as compared to the same period last year was mainly due to increased reporting and sales receipts.

Sales, management and financial expenses increased by 24 in the first quarter of 2019.

12%, 5.

93% and -444.49%.

The net cash flow from investing activities decreased compared with the same period of last year, which was mainly due to the report of last year and the payment of investment funds from Shanghai Luzi Enterprise Management Consulting Center (Limited Partnership).

Profit forecast As the company’s higher-end new products continue to be introduced and the company’s sales capabilities increase, the company’s product structure will gradually upgrade to a high-end structure. In 2019, revenue growth and gross profit margin will increase.

In 2019, the company’s budget consolidated operating income was 11% (an increase of 15%), and the budget belonged to the parent company’s net profit of 2% (an increase of 30%).

We expect revenue to increase by 15% annually from 2019-2021.

4%, 15.

4%, 14.

4%, the growth rate of net profit attributable to mothers was 31.

3%, 29.

0%, 28.

0%, corresponding to PE is 34, 26 and 20 times, maintaining the overweight rating.

Risks indicate that the launch of new products is less than expected, and the number of successful bids for centralized procurement is less than expected.

Yongxing Special Steel (002756) 2018 Annual Report Comments: Steady Growth in Operating Performance and Dual Major Industries Expected to Go Together

Event: The company released the 2018 results announcement, reporting that the two companies achieved operating income47.

0.94 million yuan, an increase of 18 in ten years.

93%; realized net profit attributable to shareholders of the parent company.

870,000 yuan, an increase of 10 in ten years.

13%; corresponding basic EPS is 1.

08 yuan, up 10 every year.

20%.

In addition, the company intends to 3.

Based on 600 million shares, a cash dividend of 10 yuan (including tax) will be distributed to all shareholders for every 10 shares.

Both volume and price have risen steadily, and business has grown steadily.

According to the number of reports, the company’s product sales have increased significantly in the past, achieving product sales of 28.

06 for the first time, growing by 12 every year.

2%; among them, sales of bar material are 15%.

76. Wire sales 10.

85 for the first time, other products are sold1.

45 inches.

At the same time, the average sales price of the product was 16,769 yuan / ton, more than the previous 5.

66%, both volume and price rose, driving the company’s operating income to increase and increase18.

93 %%, but the company’s main products, bar and wire, due to the rise in upstream alloy prices, led to a decline in gross profit margins of 0.

53 and 2.

31 units.

Although the gross profit is slightly higher, the current gross profit per ton of steel is 2,720 yuan / ton, which is still the highest since listing. Overall, the company’s operating conditions are excellent, and its development quality and profitability continue to improve.

The asset-liability ratio is low, the expenses increase steadily, and the dividend rate is high.

In the total number of reports, although the company’s asset-liability ratio has risen slightly, it is still only 21.

40%, significantly lower than the same period of 53 in the SW steel industry.

The level of 18% is the lowest in the industry.

From the perspective of the company’s cost control capabilities, the company reported that during the reporting period, revenue increased by nearly 19%, and the company’s period expenses4.

39%, but it has dropped by 1.

91 single, specifically, management expenses and sales expenses remain stable, financial expenses are only caused by the initial construction of “annual production of 1 battery-level lithium carbonate project” and upstream supporting projects leading to increased funding requirements, bank acceptance bill discount tips increased by 0.

14 billion US dollars, overall, the company’s cost control capabilities are great.

In addition, based on good earnings and cash flow conditions, the company plans to pay a cash dividend of 10 yuan for every 10 shares, with a dividend yield close to 6%. It is expected that the profitability of the company in 19 years will further increase, and the company’s cash dividend strength is expected to increase.

The upgrade of high-end equipment and the recovery of investment in the oil and gas sector have continuously improved the demand for stainless steel rods and wires.

Stainless steel long products are important basic materials for high-end equipment manufacturing and the energy industry.

Extreme, the long-term high-end equipment manufacturing industry is developing rapidly, and the demand for high-end stainless steel is increasing.

In addition, the report totaled an average Bruent crude price of 71.

2 US dollars / barrel, an increase of 31 over the previous year’s average price.

5%, benefiting from rising oil prices, the company’s pipeline steel orders in the mining sector performed well.

After the fourth quarter, the oil price stopped falling and rebounded. The subsequent geopolitical risks such as Iran and Venezuela will also drive the oil price center to continue to 都市夜网 move up. Combined with the current increase in the external dependence of crude oil and natural gas year by year, the policy is set to reduce the intensity of exploration and development and pipeline constructionNeed to increase.We believe that the upgrade of high-end equipment in 19 years and the upward investment in the oil and gas sector are determined. The upward economic boom will drive the company’s orders to improve further.

With the development of dual main businesses, the strategic layout of lithium battery business accelerated.

According to the report baseline, Yongxing New Energy’s annual production of 1 battery-grade lithium carbonate project progressed in an orderly manner. The equipment has entered the installation phase and will be put into production in the first half of 2019. Through the establishment 杭州夜生活网 of a research and development and sales team, it has mastered a large number of mature lithiumMica lift lithium technology.

In addition, the company has successfully acquired the controlling stake in Lithium Mining. In the future, it will form a synergistic effect with Yongxing New Energy’s 120 / year high-efficiency lithium ore beneficiation and comprehensive utilization project, which can effectively guarantee the company’s core advantage of high self-sufficiency in resources.
At present, the price of lithium mica concentrate in the market is about 1,400 yuan / ton, while the company’s concentrate cost is only about 900 yuan / ton.

If calculated on the basis that 15 tons of concentrate can produce 1 ton of lithium carbonate, the cost can be saved at 7,500 yuan / ton, and the company has a significant cost advantage.

As the production and sales of new energy vehicles begin to accelerate, breakthroughs in mica lithium extraction technology and project commissioning will bring new significant profit growth space for the company.

Profit forecast and investment rating: It is expected that the company’s operating income from 2019 to 2021 will be 53.

44, 57.

17 and 60.

01 ppm; net profit is 5 respectively.

46, 6.

05 and 6.

54 ppm, EPS is 1.

52, 1.

68 and 1.

82 yuan, corresponding to PE is 11.

0X, 9.

9X and 9.

2 times, maintaining the “highly recommended” level.

Risk warnings: 1. Lithium-ion production is less than expected; 2. Downstream demand is less than expected.

Yang Delong: Why is the gold sector strong?

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

　　Sina Finance News On February 25, the recent growth of gold stocks has further increased, which has a lot to do with the continuous rise in international gold prices, which has risen all the way after breaking through the $ 1,650 mark. At the same time, the number of confirmed cases in the epidemic has also increased,The market’s risk aversion has driven the rise in gold prices.

As a safe-haven metal, when the global economy is facing potential risks, it often has a relatively strong 苏州桑拿网 performance.

The current managing director and chief economist of Qianhai Open Source Fund, Yang Delong, is a guest on Sina Finance Live. The following is a summary of why the gold sector is strong. In April last year, I suggested that everyone pay attention to the opportunity of gold. The main reason isThat is, the risk of the global economy falling into recession is intensifying, especially the European economy is subject to the legacy of Brexit and the European debt crisis. Under double pressure, the risk of the European economy falling into recession will be greater, which will push up the price of gold.Indeed, it rose along the way in the second half of last year, driving the large gains of gold stocks. Gold stocks will perform better in the next ten years. Gold may reach a record high. The last new high was a historical high 返回码: 500 网站打不开?重查 of $ 1910. This time,It is only a matter of time before a new high is reached, so for gold stocks, gold ETFs or gold funds, you can focus on it. Like Qianhai Open Source Gold and Silver Jewellery, it has achieved very good investment returns in the past six months, and its recent performance is also very good.Soaring.

　　When U.S. stocks fluctuate at a high level and the peaking risk is greater, gold stocks tend to perform relatively well. The Fed may be forced to take measures to reduce interest rates in the event of an epidemic ‘s impact on the economy. If the Fed ‘sThe interest rate cut is also an important support for the price of gold, so for gold, everyone can actively pay attention to its investment opportunities. You can pay attention to gold stocks, physical gold, gold ETFs or gold funds.

　　In addition, when you configure a gold fund or gold stock, it actually amounts to an additional hedging tool in your portfolio, because when other stocks fall, gold stocks tend to rise in price. In this case, it is equivalent to a certain amount in your portfolio.The proportion of gold assets reduces the investment risk of your portfolio. This will increase the Sharpe value of your portfolio, that is, the risk-reward ratio. Therefore, it is recommended that you can appropriately allocate some gold assets.

　　For a long time, I suggest that you pay attention to the three directions of consumption, securities dealers and technology. It can be said that stocks in these three directions have increased very much in the past few years. Last year was consumption, and the brokerage sector has seen a great increase.Since the beginning of the month, the technology sector has begun to rise, and since the opening of the Spring Festival this year, the technology sector has accelerated its rise, especially my favorite 5G field. 5G is a new generation of communication technology. It is equivalent to 4G and is a revolutionary one.Changes, it not only brings more benefits, but also changes the lives and working methods of many people, so the commercialization of 5G will bring a series of investment opportunities.

　　The Ministry of Industry and Information Technology announced on the weekend that it will hold a teleconference to accelerate the commercialization of 5G this year. This also validates a prediction put forward by friends from the knowledge planet that the infrastructure construction will be expanded this year in order to deal with the impact of the epidemic.An important infrastructure construction will have a large amount of equipment procurement, which will boost the economic growth rate. Now it is indeed verified. The Ministry of Industry and Information Technology has begun to demand the promotion of 5G commercialization, which will bring many opportunities.

Like Huawei has reached the world’s leading position in 5G, 5G signals have been activated in many other cities, and 5G mobile phones have also begun to come to the counter. It can be said that 5G will accompany our lives, and 2020 can be regarded as a 5G commercialization unit.year.

　　The launch of 5G has driven the rise of a series of technology sectors such as chip software, and the new energy vehicle sector is also a technological pattern. The strong presence of Tesla has driven the rebound of the entire industry chain. Now the Tesla industry chain, the Apple industry chain, and HuaweiMost of the industrial chain is in China. Why are the technology stocks rising?

It is because these technology companies truly represent the direction of economic transformation. They will form a new economic sector. The traditional economic sector composed of consumer white horse stocks and financial white horse stocks will form a dual-pillar layout. Such dual pillars are estimated to be very long in the future.Entry will affect everyone’s return on investment in A shares. Everyone should be configured, that is, both traditional consumer white horse stocks, financial white horse stocks, including securities firms and insurance, and new economic sectors, mainly technology leading stocks.

　　The leaders of these industries will determine the direction of the future development of the economy, and some traditionally transformed industries, especially those driven by industrialization, will be transformed into the completion of industrialization and the transformation of the economy, and their proportion in the economy will become more and moreSmall, some say steel, coal, chemical, nonferrous metals, transformation, electricity, etc. These traditional industries are more opportunities for rebound, it is more difficult to generate trend opportunities, and traditional shopping malls, low-end exportsThese are also affected by the upgrade of the electricity supplier and the export industry, and they will shrink. Therefore, we should look at the future rather than the past. The glory of the past can only show his investment opportunities in the past. The future opportunity lies in the traditional white horse.Stocks, financial white horse stocks, and emerging technology sectors.

Nasda (002180): Embrace the blue ocean of security chips
The era of 5G Internet of Things promotes the vigorous development of the network security chip market.An important feature of the 5G era 厦门夜网 is the wide coverage and massive connectivity of the network, and the security issue of device connection in the network is essentially.Security issues are mainly related to identity verification, communication security, storage security, and information security, etc., which has opened a wide space for the network security chip market demand. Product advantages are obvious, and optimistic market share is rapidly increasing.The company’s IPSec-based IoT security transmission has a high safety factor, convenient network connection, a single chip for security protection and easy integration into equipment, reuse, and reduced operation.Provide different levels of security protection, various security hardware, trusted software, security protocols, etc.The chip design advantage comes from a trusted CPU + a secure CPU. At the same time, this advantage is also a continuation of Apex’s advantage of encryption and unlocking in printer consumables and main control SOC fields. With a wide range of applications, it is expected to quickly cut into the field of power grids and smart homes.At present, the SCS series chips launched by the company have been connected to the power grid IoT communication network, and subsequent products will continue to be supplied.The demand for smart homes comes from appliances, home security, lighting systems and connection control equipment. Looking at the routers and video surveillance equipment with the greatest exposure to the Internet of Things in the future, optimistic follow-up products will continue to penetrate the smart home and other fields. Investment rating and estimation: The company’s printer sales remain stable, financial costs continue to reorganize, and the company is actively expanding its product line, which is expected to usher in high-speed growth. We expect the company to achieve a net profit of 19-21 years9.4, 15.6, 19.0 billion, corresponding to 36, 22, 18 times the current market value of PE, maintaining the “strongly recommended” level. Risk reminders: 1) The industry’s access control capability is fiercely competitive; 2) Each terminal needs to be deployed, and the deployment cost is high; 3) The ARM authorization model is challenged by trade friction.

The brokerage sector rose across the board and Northbound funds quietly increased their positions.

On Friday, the Shanghai and Shenzhen stock markets fluctuated widely.

The GEM said that it once broke the 2100-point integer mark in the early trading, but the technology stocks began to fall in the afternoon and the growth rate also narrowed.

　　The final close, the Shanghai Composite Index reported at 2917.

01 points, up 0.

38%; SZSE Component Index was reported at 10916.

31 points, up 0.

48%; GEM refers to 2069.

22 points, up 0.

twenty two%.

　　The disk, real estate and securities companies sectors performed strongly.

None of the stocks in the brokerage sector fell, and Guoyuan Securities increased by 9.

31%, Zheshang Securities, Hongta Securities, etc. rose more than 2%.

　　Brokerage stocks rose during the trading session. In the early trading session, brokerage stocks changed. Guoyuan Securities took the lead in the rally. At the time, the daily limit rose. Huaan Securities and Nanjing Securities followed suit.

　　In the recent market, brokerage stocks have repeatedly risen in intraday trading.

On February 12, the brokerage sector collectively moved in the afternoon. At 13:27, Hua’an Securities pulled up to block the growth and other brokerage stocks followed suit.

On February 13, the brokerage sector also surged in early trading.

　　Data show that the overall brokerage sector has increased by 2 this week.

合肥夜网01%, distorting the unexpected trend of democracy.

More than 30 securities firms in the sector achieved growth, with Hua’an Securities, Zhongyuan Securities, Hongta Securities and other leading gainers.

　　Funds have also gradually increased the layout of brokerage stocks.

Data on margin financing and securities lending on February 13 showed that Haitong Securities received a net purchase of 20.31 million in financing.

Hua’an Securities and Orient Securities also raised over 10 million yuan in net purchases.

　　From the perspective of Northbound funds holdings, since February 3, there have been too many brokerage stocks to gain positions in Northbound funds. First Venture, Caitong Securities, etc. have increased their holdings by more than 10 million shares., Founder Securities (right protection) and other shares were increased by more than 3 million shares.

　　The performance advantage of the securities firm on the right is obvious. As of February 14, 31 A-share listed securities firms have announced their performance data for January this year, and achieved a total operating income of 191.

2.6 billion, achieving a net profit of 78.

01 billion.

Excluding Hongta Securities, which has incomparable data, the revenue of 30 securities firms rose by 23 in January.

75%.

　　The monthly financial data of Guoyuan Securities, which led the gains yesterday, shows that the company’s operating income in January 20204.

1.4 billion, down 19 from the previous month.

6%, an annual increase of 58.

3%; net profit 2.

USD 8.8 billion, an increase of 425% from the previous quarter and an increase of more than 263%.

　　Judging from the chain data, the net profits and revenues of listed securities companies that have been announced so far have mostly declined in January, but their performance over the years is still remarkable.

Excluding Hongta Securities, which has incomparable data, the revenue of 24 securities firms rose by more than 6 in January.

7%.

　　From the perspective of a single brokerage firm, the performance of the brokerage firm on the right still maintained strong growth. In total, five large brokerage firms had revenues of more than US $ 1 billion in January. They were CITIC Securities, CITIC Construction Investment Securities, Haitong Securities, GF Securities and China Merchants Securities, Respectively, to achieve revenue 19.

04 billion, 13.21.5 billion yuan, 13.

2.1 billion, 12.

2.2 billion and 11.

4.5 billion.

　　Guotai Junan believes that the trading volume in the first week after the Spring Festival increased by 15% from the previous month, and the epidemic had a greater impact on the performance of securities companies.

It is expected that the gradual implementation of relevant policies will facilitate the landing and the steady increase of the leverage ratio of the securities firms, and the brokers will gradually make progress and maintain the upward trend.

How to “eat” the “big belly”

Generally, the fat accumulated in the abdomen, which is the so-called “big belly”, is relatively stubborn.
Not only does it deduct points for its appearance, but it is also a “type” killer for health.
　　So we need to “relieve the abdomen” and reduce the big belly on the belly, we need to “relieve the burden” and reduce the burden on the body.
　　Immediately after the thirties, I unknowingly got a big belly, which has become a problem for more and more successful men.
　　In fact, your troubles are on par with French President Nicolas Sarkozy.
Not long ago, while Sarkozy was rowing on vacation in the United States, a photo was taken by a Reuters reporter. Sarkozy’s naked upper body and waist fat were clearly visible, which was ridiculed by many media.
　　Zhang Lifeng has been a personal fitness trainer for many years. Many company CEOs and state-owned enterprise leaders came to him. As soon as he met and couldn’t talk for three words, he asked: “Look at my stomach, it’s too big to bend down.鞋带都难，您能帮我减减‘负’吗?”People like this account for 70% of the members brought by coach Zhang, and he usually praises them first.
“Because at least he has at least a sense of health, he is always prouder than those who have a stomach every day, feels prestige, and feels ‘official’.
“To reduce belly fat is the most difficult part of losing weight. Without exercise and diet control for more than three months, I don’t want to remove the” hill “on my stomach.
　　The longer the belt, the shorter the life.
The abdomen is large and the waist is thick. It has been pointed out by the World Health Organization for a long time. It is the most dangerous factor for hypertension, coronary heart disease, and diabetes.”.
　　Obesity is the result of fat accumulation. You eat and drink more, and exercise less. According to the saying, “you get in more and get out less.”
But human obesity is “orderly”. Coach Zhang picked up the pen and drew on the paper and said, “When we feel that our body is getting fat, we usually start with the increase in fat accumulation around the abdomen, then the limbs.The last is the face; when losing weight, the order of fat consumption is reversed, starting from the face, then to the limbs, and finally the abdomen.
“” This is why many people think that the belly is really difficult to reduce, you think, weight loss is already difficult enough, and the last hurdle of weight loss is to reduce belly-naturally it is more difficult.
“Coach Zhang said.
　　Therefore, if you really want to reduce your belly, you have to be a little stupid. You do n’t have more than three months (sometimes even half a year) of continuous systematic exercise and scientific and reasonable diet control.Remove.
　　Eating steamed eggplant for three months will definitely reduce your belly!
Exercise does not necessarily reduce belly fat.
　　Zhang Lifeng recalled many of his students, most of whom were unable to reduce their belly even though they had been exercising for a long time.
Speaking of reasons, coach Zhang was helpless: “I can’t stare at them for 24 hours!
They exercised for an hour with me, consumed 800 ~ 1000 calories, walked out of the gym, went directly to the restaurant to participate in various entertainment, and eat back 1000 calories in a meal . this way of fitness, can reduce weightDoes it work?
So, the basic principle of weight loss is to balance “in” and “out”. No matter how you exercise, if you don’t control your diet, you won’t be able to stop your mouth.
　　People who want to reduce their belly fat should reduce their intake of high-sugar foods (candies, drinks, Chinese and Western desserts) and high-fat foods (fried foods, certain meat products), and foods high in fiber, such as corn, Cabbage, bamboo shoots, etc. should eat more.
　　Coach Zhang Lifeng especially recommended a “minus belly dish”: steamed eggplant.
　　”Choose two purple-skinned eggplants. After cleaning, cut them into four petals from the middle, remove them and put them on the pot and steam them. Mix them with ginger, garlic, and soy sauce. You can eat them directly.
“Coach Zhang said,” Eggplant contains very little fat and sugar, and is a low-calorie food. It has a significant weight loss effect. Ginger and garlic can be added to lower blood lipids.
People with intestines insist on taking one serving a day, and it will definitely work.
”

Don’t panic after first hand injury

[Introduction]In people’s daily work and life, when they suddenly encounter hand injuries or broken fingers, don’t panic and deal with them. You should save yourself and protect your injured fingers scientifically, and win opportunities for doctors to connect with broken fingers.

　　Proper hemostasis and fixation When suffering from hand trauma, the first step is to stop bleeding properly.

Experts point out that in the face of bleeding and other conditions, you cannot use belts, leather tubes, electrical wires, nylon threads and other items to click on the wrist. This will not stop bleeding, but will prevent bleeding from the veins, and even cause finger necrosis.
The correct method is: for the bleeding of the palm and the back of the hand, press the outer side of the wrist joint with one hand (usually at the point where the pulse is touched), and press the other hand with the wrist joint size artery.

For bleeding fingers, the injured person’s fingers can be bent into the palm to form a clenched fist.

Thorough use of clean cotton products to compress and bandage at the bleeding site is both effective and reliable, without causing adverse consequences.

　　At the same time, proper wound dressing can help the wound no longer be invaded by external bacteria.

Conditions can be used to dress the wound with a disinfecting dressing, or you can temporarily use a clean cloth such as a handkerchief, towel, etc. It should be noted that you must not apply purple lotion, hemostatic powder and other things on the wound, this will affect the doctor’s correct judgmentInjury is not conducive to further treatment.

　　In addition, in the process of patient transfer, no matter whether the injured hand has obvious fractures, it should be properly removed and fixed to reduce pain and avoid aggravating tissue damage. Fixing equipment can be obtained from local materials and adapted to local conditions. Use wooden boards, bamboo chips, cardboard, etc.The fixed range should be above the wrist joint.