[Can papaya tablets increase breasts]_How to increase breasts_How to increase breasts

[Can papaya tablets increase breasts]_How to increase breasts_How to increase breasts

Papaya is a rumored breast-enriching food, and it has a good effect on the improvement of small breasts caused by poor development.

However, papaya tablets are only a kind of medicine. The proprietary Chinese medicine made from papaya, angelica, ginseng, etc., treats rheumatism. Unlike papaya, it cannot be used for breast enhancement.

The following is a detailed introduction to papaya slices, the edible value of papaya, and three traditional Chinese medicine breast enhancement teas.

First, the main ingredients of papaya slices: papaya, angelica, Chuanxiong, Baiji, Wei Lingxian, dog ridge (system), Achyranthes bidentata, blood vine, sea breeze vine, ginseng, Chuanwu, Caowu.

Indications: Dispersing wind and dampness, activating and relieving pain.

For the cold and dampness of the wind, numbness of the limbs, pain in the whole body, weakness of the waist and knees, and difficult walking.

Indications: Rheumatic diseases, rheumatoid arthritis, rheumatology and immunology department II, papaya’s edible value is both delicious and therapeutic, especially for women’s feasible cosmetic effects.

The proteolytic enzymes contained in papaya can compensate for the trace and initial secretion, supplement the lack of gastric juice, and help break down protein and starch.

Papaya contains carotene and rich vitamin C. They have strong antioxidant capacity, help the body repair tissues, eliminate toxic substances, strengthen the body’s immunity, and help the body resist the virus including the inside of the flu.

The active ingredients in papaya fruits can enhance the effectiveness of phagocytic cells.

Three or three kinds of Chinese medicine breast enhancement tea 1. Papaya rose breast enhancement tea Material: rose flower, papaya slice, rock sugar (the amount is gradually decided according to personal preference) Method: Put papaya slice, rose and rock sugar together in a pot, and use hot waterSoak up and enjoy.

Efficacy: It can effectively eliminate edema, supplement blood and increase breasts (applicable to qi and blood deficiency type, congenital weak constitution, it may also be caused by insufficient nutrition, causing fractures, and insufficient postpartum milk secretion.
).

) 2. Longan red date papaya breast tea materials: 5, 6 longan meat, 3 red dates, 3 or 4 papaya slices, water 250cc Method: Put all the ingredients in the pot, and it can be solved after boiling.

3, papaya milk flavor breast enhancement tea materials: papaya slices, milk, tea bags (the amount depends on personal preferences and vomiting) For women, small breasts only affect their own image, but also easily cause some problems, so women with small breastsI usually eat a little bit more

[Can eczema eat chicken]_taboo_notes

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[Can pregnant women eat Guiling Ointment]_ Guiling Ointment _ Pregnancy _ Harm

[Can pregnant women eat Guiling Ointment]_ Guiling Ointment _ Pregnancy _ Harm

Guiling ointment is a chronic and well-known edible medicinal diet, which can clear heat and detoxify and nourish yin and beauty, and is a kind of refreshing tonic that people like in hot summer days.

However, it should be noted that although Guiling Ointment has so many benefits, it also has some alternatives and should not be eaten more.

Especially pregnant women and frail elderly and children should eat Guiling cream with caution.

Guiling paste is generally black paste-like, like jelly powder, but has a strong Chinese medicine sugar taste, which can be called honey when eating.

In the summer, Guiling paste will be more delicious when eaten cold.

Modern nutrition research has found that Guiling Ointment contains a variety of active binary and amino acids, which have the characteristics of low content, low content, and low cholesterol, and can regulate blood lipids and blood sugar.

Reasons for pregnant women to eat Guiling paste with cautionfood.

Optionally, chrysanthemum, mangosteen, longan, lychee, gardenia, licorice, etc. are both raw materials for food and medicine.

Traditional medicine believes that Guiling Ointment has the effects of eliminating toxins and relieving fever, moistening the lungs and relieving cough, strengthening the stomach and intestines, curing acne, improving constipation, weight loss and beauty.

From the point of view of the composition of Guiling Ointment, it is cooler, has the functions of clearing heat and relieving fires, moistening lungs and relieving cough, nourishing yin and kidney, and also improves skin dryness, constipation, acne and female reproductive system diseases.Not everyone can eat, because it contains aloe and other ingredients, aloe has a diarrhea effect, pregnant women should try to eat less or not.

Pregnant women can eat Guiling Ointment in small amounts in summer.

If there is abdominal pain, diarrhea, etc. after taking Guiling Ointment, stop taking it immediately and consult a doctor.

[How to eat fried pork with fried pork and cooked white rice]

銆愯倝涓濈倰鑼櫧鎬庝箞鍋氬ソ鍚冦€慱鍋氭硶_鍚冩硶
鑲変笣鐐掕尛鐧芥槸涓€绉嶅甯歌彍鑲达紝鍦ㄥ钩鏃剁殑鏃跺€欏瀹舵埛鎴烽兘鏄細鍘荤児楗紝鑰屼笖鐑Return to the rules and regulations of the disease chain and the wealth of the unhealthy, uncle, uncle, uncle, uncle, sorrow, sorrow, sorrow, sorrow, sorrow, sorrow鏉剧殑鐑归オ鍑烘潵杩欓亾鑿滆偞锛屼笉杩囪娉ㄦ剰鍦ㄧ児楗殑鏃跺€欒灏嗚尛鐧藉垏鎴愪笣鐘朵互鍚庡啀鍘昏繘琛屽埗浣滐紝杩欐槸涓轰簡璁╄嚜宸卞湪缈荤倰鐨勬椂鍊欎細鏇村姞瀹规槗鍏ュ懗涓€浜涖€傛潗鏂欎富鏂欙細鑼櫧涓ゅ皬鏍癸紝鑲変笣灏忓崐纰楋紝閰嶆枡锛氭熆瀛愭鍗婁釜锛岃懕濮滀笣閫傞噺锛岃捀楸艰眽娌癸紝娣€What are you looking for?銆佽尛鐧姐€佹熆瀛愭鍒囦笣銆?銆佸湪鑲変笣涓姞鍏ラ€傞噺鐨勮捀楸艰眽娌瑰拰灏戣娣€绮夛紝鑵屽埗鐗囧埢銆?Do you want to know how to do it? Do you want to know how to do it?I am afraid that I will be afraid of crashing and crashing down. I am afraid that you will be able to see what you are doing, what are you doing, what are you doing, what are you going to do, what are you going to do?Come to the top of the map of the sorrow and the sorrow of the sorrow and the sorrow of the squirrel and the sorrow of the monkey浠ユ槬澶忓鐨勮川閲忔渶浣筹紝鎷涚墝钀ュ吇绱犳瘮杈冧赴瀵屻€傜敱浜庤尛鐧藉惈鏈夎緝澶氱殑鑽夐吀锛屽叾閽欒川涓嶅鏄撹浜轰綋鎵€鍚告敹锛屽嚒鎮h偩鑴忕柧鐥呫€佸翱璺粨鐭虫垨灏夸腑鑽夐吀鐩愮被缁撴櫠杈冨鑰咃紝涓嶅疁澶氶銆備富鏂欙細鑼櫧2鏍癸紝鑲変笣100g锛岄潚妞?涓紝绾㈡1涓紝娉″彂鏈ㄨ€?鏈佃倝涓濊厡鍒惰緟鏂欙細鏂欓厭2鍕猴紝鐢熸娊1鍕猴紝鐧界硸2g锛屽鏈皯璁搞€傝皟鏂欐眮锛氱敓鎶?A monkey monkey?g Adorable?g adjective?g 銆 賆 傛 咉 璉 紉 1 Ad?Faintly sorrowful?Adze?Inlaid 笣 琢?鐕 間 閡 閰 掞 纴 1 鍕 虹 敓 鎶 鎴 纴 5g 甏 界 硸 Adding chain?锛岃尛鐧藉幓鐨紝鍒囩粏涓濆鐢紝闈掔孩妞掞紝娉″彂鐨勬湪鑰筹紝鍏ㄩ儴鍒囩粏涓濄€?锛屽钩搴曢攨涓斁鍏ラ€傞噺椋熺敤娌癸紝鐖嗛濮滀笣锛岃挏鐡o紝涔嬪悗鏀惧叆鑲変笣鐓哥倰鑷虫柇鐢熷悗鐩涘嚭銆?锛屽彟璧锋补閿咃紝鐓哥倰鑼櫧涓濓紝鐒跺悗鍔犲叆闈掔孩妞掍笣锛屾湪鑰充笣锛岀户缁吀鐐掋€?锛屾渶鍚庡姞鍏ヨ倝涓濄€?籽 皢 3 Onyx?2g Hagi?5g 鐢 熺 蒙 + 3g 獏 界 硸 鍜?0ml 呓 呮 呮 Press Di Di 悎 鍧 囧 团 劆?锛屾渶鍚庡皢璋冩枡姹佹穻鍦ㄨ尛鐧借倝涓濅笂锛屾敹姹佸嵆鍙€?Adze?The fan is very effective. It’s a must-have method. It’s a good idea. It’s very easy to pick up. It’s a lot of fun.姂鍒堕叒姘ㄩ吀閰舵椿鎬э紝浠庤€岄樆姝㈤粦鑹茬礌鐢熸垚锛屽畠杩樿兘杞寲鐨偆琛ㄩ潰鐨勮璐ㄥ眰锛屼娇鐨偆娑︽粦缁嗚吇锛岃倝璐ㄩ矞瀚┿€?

[Effects of figs on women]

[Effects of figs on women]

Many people in life like to eat figs very much. They also know that figs only have high nutritional value. They also have the effects of strengthening the stomach and intestines, reducing swelling and detoxification, and using figs to treat indigestion, hemorrhoids, prolapse and diarrhea.Good choice, so fig is both fruit and medicine. Figs can not only be put in fruits, but also can be made into dried figs, so the uses and values of figs are very wide, and women will eat well.

The main value is medicinal value Jianweiweiqingchang, swelling and detoxification.

Treatment of enteritis, dysentery, constipation, hemorrhoids, sore throat, scabies scabies, throat benefits, appetizers and worms.

For loss of appetite, abdominal pain, hemorrhoids, constipation, indigestion, hemorrhoids, prolapse, diarrhea, insufficient milk, sore throat, heat sore, cough and sputum.

“Southern Yunnan Materia Medica”: apply all unknown swelling and poison, scabies of scabies and kidneys, yellow water sores, poisonous fish mouth, milky knots, broken acne; adjust sesame oil.

“Convenience atlas”: treatment of throat diseases.

Wang Ying’s “Materia Medica”: appetizer, stop pus.

“Outline”: treatment of five hemorrhoids, sore throat.

“Preparation of raw herbs”: Wash hemorrhoids.

Seeds, cook meat, detoxify.

Rui, under latex.

“Yinlin Compendium”: Yifei, Tongmao.

“Suishuiju diet spectrum”: clearing heat, moisturizing the intestines.

“Jiangsu Phytophysiology”: the white milk of fresh fruit is applied to remove warts.

“Yunnan Chinese Herbal Medicine”: Jianwei Zhixie, expectorant and qi.

Treatment of loss of appetite, indigestion, enteritis, dysentery, sore throat, cough and sputum, chest tightness.

Common prescriptions for throat irritation: fresh figs are dried, ground, and throat blown.

(“Quanzhou Materia Medica”) for treating lung heat and hissing: figs, five dollars, water-fried sugar and sugar.

(“Fujian Chinese Herbal Medicine”) Treatment of hemorrhoids, prolapse of the anus, constipation: fresh figs eaten ten or dried fruits, pig large intestine, decoction.

(“Fujian Chinese Herbal Medicine”) There is more to Zhijiu: five to seven figs, decoction.

(“Hunan Medicine Journal”) Hair cream: two or two figs, two or two tree sweet potatoes roots, four to six or two lilac flower roots, and two or two milk vines.

Stewed pig front hoof clothes.

(“Chongqing Herbal Medicine”) 150 grams of figs, decoction and appropriate amount of rock sugar, to cure lung heat and hoarseness, cough and sore throat.

Two figs are eaten raw, or ten dried fruits are part of the pig’s large intestine, and they are cooked together to treat hemorrhoids, prolapse, and constipation.

Ten fresh figs, wash the affected area with decoction, and treat external hemorrhoids.

Two figs, 10 grams of cumin, decoction, and kidney qi.

A proper amount of fig branches, decoction, two or three times a day, to treat enteritis.

Fig half a cup of juice, boiled in water, once a day, to the degree of healing, cure hypertension.

1010g fig leaves, decoction for tea, cure jaundice.

The fig root is peeled, shattered, and soaked in water to relieve itchy throat.

Everbright Bank (601818) 2018 Annual Report Comments: New Strategy Opens and Structural Adjustments Continue

Everbright Bank (601818) 2018 Annual Report Comments: New Strategy Opens and Structural Adjustments Continue

Investment Highlights Everbright Bank announced its 2018 annual report on March 28, 2019, and initially achieved operating income of 1,102.

40,000 yuan, an increase of 20 in ten years.

0%, net profit attributable to the parent company is 336.

6 ppm, an increase of 6 in ten years.

7%.

The negative single-quarter profit growth in the fourth quarter was mainly caused by changes in the effective tax rate during the quarter, and gradually returned to the net profit of the mother.

7% is in the middle of the stock market.

Initially, the main driver of the company’s profit growth comes from NIM + 22bps, and net fee income increased.

9% and investment income / fair value changes increased by 13.9 billion US dollars, which is equivalent to cost control properly, cost and income exceeded 28.

8%.

The company’s maximum credit cost increased to 1.

54%, risk resistance replenishment ability is further enhanced.

Credit card issuance and transaction amount growth of more than 30% have resulted in +40 bank card fee income for middle income.

6%.

The initial reduction of table adjustments and potential resources for traditional deposit and loan business; the revenue structure was further optimized, and the proportion of fees and commission income continued to remain above 30%.

The daily average scaled down slightly (Yo-1).

3%, time point YoY6.

6%), the total assets of interbank and bond investment decreased by 5 shares compared with the end of the previous year, and debt-side deposits (average daily price of 8 year-on-year.

7%, point in time YoY13.

2%) positive growth, while peer-to-peer debt has been reduced.

In terms of credit investment, the real estate, leasing business and construction industries experienced rapid growth.

Defective rate 1.

59 was flat in the same period of last year, the write-off disposal accelerated, and the trend needs follow-up confirmation.

The company’s ending non-performing interest rate1.

59%, but unchanged from the end of last 西安耍耍网 year.

The Bohai Rim has grown rapidly, and the Yangtze River Delta has improved. The Pearl River Delta, Midwest, and Northeast China have stabilized and declined. At the same time, the non-performing balance of retail loans has grown rapidly.

The company’s annualized credit cost is 1.

54%, with a loan-to-lending ratio of 2 at the end of the period.

78% and provision coverage costs 175%.

The company’s 90-day overdue and bad scissors have all been closed, write-off disposal efforts (1.

(32% nearly doubled from last year).

However, the company has grown rapidly within three months after the due date, and changes in asset quality need to be observed.

We slightly adjusted the company’s EPS to 0 in 2019 and 2020.

70 yuan and 0.

76 yuan, the final net asset is expected to be 6 at the end of 2019.

09 yuan (excluding 武汉夜网论坛 dividends), calculated at the closing price of March 28, 2019, the corresponding PE for 2019 and 2020 is 5, respectively.

9 and 5.

4 times, corresponding to 0 at the end of 2019.67 times.

In 2018, the company proposed a new strategy of transforming into a “first-class wealth management bank”.

During the year, we saw changes in the company’s return to traditional business, promoting outlets, revenue, and technological transformation, and the results gradually appeared.

Considering the company’s first-mover advantage and accumulation in retail, especially asset management, and investment banking, we maintain our optimistic judgment on the improvement of company performance. In the future, we need to continue to observe the speed of asset quality improvement and the success of gradual strategic transformation.Hold rating.

Risk warning: asset quality fluctuates, conversion is less than expected

Tower Group (002233) performance forecast comment: weather factors cause Q2 volume and price lower than expected 2019H2 demand is still expected to recover

Tower Group (002233) performance forecast comment: weather factors cause Q2 volume and price lower than expected 2019H2 demand is still expected to recover

Event: The company released an interim report for the year 019, and achieved revenue of 28 in 19H1.

59 trillion over five years.

68%, net profit attributable to mother 7.

10,000 yuan, 18 years average.

68%, of which 13 achieved revenue in the second quarter.

8 ‰, 23 years ago.

59%, net profit attributable to mother is 4.

25 ‰, an average of 13 in ten years.

27%.

  Opinion: Q2 volume and price fell, performance was slightly lower than expected.

In the first half of 19, the company achieved cement sales of 825.

In December, it grew by 4 per year.

38%, ahead of 杭州夜生活网 the increase in cement output in the first half of Guangdong Province (-2.

4%), but Q2 sales are about £ 445, at least about 45 inches per year.

We believe that the sales volume of Q2 was mainly affected by the continuous rainfall in Guangdong, especially in the eastern part of Guangdong. The slow progress of the construction of the project affected the demand for cement. However, due to the decrease in demand, the company’s cement price fell in the first half of the year.

25%, we estimate that the Q2 ex-factory price is about 310 yuan / ton, which is reduced by about 30 yuan / ton per second. At the same time, due to factors such as the standard vehicle load and environmental protection, the purchase price of cement auxiliary materials has risen, leading to an overall cost increase.The gross profit is about 100 yuan, 佛山桑拿网 at least about 10 yuan / ton for about ten years, and the profit level is obvious.

  Regional demand is supported, and demand for 2019H2 is expected to pick up.

We believe that in the first half of the year under the influence of rain weather, the demand growth in Guangdong was slightly lower than expected, but Guangdong Province1.

The 9 trillion infrastructure investment plan focusing on transportation networks will still boost regional demand. At the same time, the country has repeatedly repeated the role of infrastructure in counter-cyclical adjustments. As the weather improves in 2019H2, infrastructure and rural demand are gradually released.The two rail grinding stations are expected to be put into operation in the middle of the year, and the clinker kiln will eventually be put into operation. The expansion of production capacity will benefit the high prosperity of the region.

  The Guangdong-Hong Kong-Macao Greater Bay Area boosted medium demand.

According to our relevant statistics, the Guangdong-Hong Kong-Macao Greater Bay Area is no less in economic volume than the New York, San Francisco, and Tokyo Big Bay Areas, and has the potential to develop into a first-class Bay Area.We judge that infrastructure investment based on interconnection will become an important carrier for the construction of the Bay Area.

In the first quarter of Shenzhen, Dongguan’s Dawan District project has begun to focus on construction, indicating that related construction has accelerated, and the Tower Group Huizhou plant will benefit significantly.

At the same time, considering that Guangdong’s real estate has a low dependence on shed reform monetization (0.

63%), we believe that the local real estate market is affected by the tightening of this round of income tightening, and demand will remain stable in the medium and transform the continuous advancement of the construction of the Bay Area. The cement demand in South China will continue to grow steadily in the medium and long term;: Based on a more cautious forecast of the industry structure of the South China region and the company’s investment income, we lower the company’s net profit attributable to mothers to 16 in 2019-2020.

24 ppm and 18.

42 trillion, the corresponding EPS is 1.

36 (-0.

19) Yuan and 1.

55 (-0.

25) yuan; target price is reduced to 13.

6 yuan, maintain “Buy” rating.

  Risk warning: the scale of investment in fixed assets expands, production is less than expected, and the price of raw fuels rises sharply;

Jizhong Energy (000937): Regional coal leaders continue to gain competitive advantage

Jizhong Energy (000937): Regional coal leaders continue to gain competitive advantage

This report reads: Jizhong Energy is backed by large shareholders, sitting on high-quality coal resources, enjoying location advantages and competitive advantages, and future development may benefit from the injection of high-quality coal assets of the group. It is worth long-term attention. It is covered for the first time and is given a “neutral”grade.

  Investment Highlights: The first coverage is given a “Neutral” rating.

Forecast 2019 EPS EPS 0.

20/0.
深圳桑拿网

19/0.

18 yuan / share, combined with PE and PB estimation method, target price 3.

63 yuan, corresponding to 18 in 2019 PE.

2 times, the first coverage is given a “neutral” rating.

Deeply plowing the regional coal leaders in Hebei, with competitive advantages.

1) Backed by major shareholders, there is support for development.

The controlling shareholder is Hebei Jizhong Energy Group, the largest coal company in Hebei. In 2018, the coal output of the group was 8,100 yuan (9th in the country), and the revenue was 236.3 billion (5th in the country).

2) Coal resources are abundant and coal quality is excellent.

Jizhong Energy has abundant main coking coal, 1/3 coking coal, fat coal, gas coal and other resources. The coking coal produced has low ash, low sulfur, low phosphorus, moderate volatile content, strong sexual characteristics, and market competition.High force.

3) The location advantage is outstanding and the market demand is broad.

Coal resources are mainly distributed in the hinterland of the Bohai Rim Economic Circle, and transportation is very convenient.

In addition, coking, iron and steel, power generation and other downstream coal industries in the region are well developed and demand is broad.

The coal coking industry has benefited from supply-side reforms, and its performance has grown significantly.

Since the supply-side reform, the company’s coal production and sales volume has gradually rebounded, and the revenue of the coal sector has climbed to a five-year high of 176 in 2018.

200 million; coke business, the impact of de-capacity incorporated environmental protection and production restriction, the average increase in production, sales and prices, the compound revenue growth of the chemical sector in 2016-2018 37.

1%, the gross profit margin of the sector rose to a new high of 14.

9% (2018).

Long-term focus: injection of quality assets of the Group.

By the end of 2018, the company had 20 mines with total recoverable reserves of 6.

9.5 billion tons, with an approved production capacity 杭州桑拿网of 3270 tons, respectively accounting for 13%, 47%, and 52% of the group. The proportions are still replaceable, and assets are injected into the deposit space.

risk warning.

Uncertainty in asset injection, falling coal prices, macroeconomic and administrative intervention risks.

Diou Home Furnishing (002798): Significantly high growth in tooling advantages expected to continue

Diou Home Furnishing (002798): Significantly high growth in tooling advantages expected to continue

Net profit attributable to mothers increased by 598% in 2018, and the performance was in line with expectations.

08 million yuan, an increase of 707% in ten years; net profit attributable to mothers3.

81 ‰, a year-on-year increase of 598%, in line with our budget expectations.

18Q1 / Q2 / Q3 / Q4 single-quarter revenue increased by 936% / 678% / 801% / 561% year-on-year; net profit attributable to mothers in the single quarter increased significantly by 2215% / 410% / 1397% / 380%.

The main business of ceramic tiles and sanitary wares develops synergistically, and future growth is expected. We expect the company’s EPS to be 1 in 2019-2021.

28, 1.

70, 2.

27 yuan, maintain “Buy” rating.

Oscino benefited from the rapid development of tooling business, with revenue growing by 53 per year.

The 4% Ousinuo engineering channel has significant advantages, forming a high-quality customer base for shareholders such as Country Garden, Vanke, Evergrande and other domestic real estate leaders. In 2018, due to the rapid development of tooling business, Ousinuo’s revenue increased by 53.

4% to 36.

810,000 yuan, of which Country Garden’s largest customer revenue reached 20.

400000000.

The company took advantage of the scale effect brought by large-scale tooling orders, enhanced cost advantages, and increased gross profit margin by 0.

9 points to 35.

8%, net interest rate (excluding the cost of consolidated booths) will increase by 0 every year.

5 points to 9.

7%.

In 2019, the company will continue to actively promote cooperation with leading real estate companies such as Agile, Rongsheng and R & F while continuing to increase its share of cooperation with existing customers such as Country Garden. The retail end will accelerate the sinking of county channels and the layout of urban community storesHigh growth expectations continue.

The main business of sanitary ware grew steadily, and the synergy effect was used to expand the engineering channels. In 2018, the revenue of Emperor Sanitary Ware sanitary products increased.

4% to 4.

79 trillion, of which sales increased 11 per year.

3%, the average price increased by 2% year-on-year to 1080 yuan / set, the gross margin fell by 0.

8 points to 33.

7%; Acrylic board business revenue grows 33% per year.

3% to 1.

US $ 4.5 billion, of which sales and average prices increase by 8 each year.

4%, benefited from the decline in MMA prices of major raw materials, and the gross profit margin extended by 0.

7 points to 15.

4%.

In 2019, on the basis of consolidating the advantages of the retail 深圳桑拿网 channel, the main sanitary ware industry will actively expand the sanitary ware product tooling business through the channel advantages and management experience of the tooling business in Europe, becoming a new revenue growth point.
Expansion of its own production capacity and long-term and long-term growth of the basic production and use, we expect the company’s 2019 production capacity is expected to reach 5,700 GM.

With the continuous release of the company’s production capacity and the improvement of the previous production capacity, the problem is expected to be eased and at the same time, it is expected to form a scale effect, improve production advantages, and further improve the company’s profitability.

Significant tooling advantages, maintaining the “Buy” rating Ossino has a significant advantage in the 武汉夜生活网 field of ceramic tooling. In 2019, the company is expected to continue its high revenue growth, driven by the stock + incremental customers.

Maintaining profit forecast, we expect the company 2019?
The net profit attributable to mothers will be 5 in 2021.

0, 6.

6, 8.
7 trillion, corresponding to EPS 1.
28, 1.

70, 2.

27 yuan.

With reference to a comparable company’s average PE of 18 times in 2019, give Diou Household 22?
23 times PE estimates, the target price range is 28.

16?
29.

44 yuan, maintain “Buy” rating.

Risk warning: Real estate sales exceed expectations, and new client expansion is below expectations.

Huaxin Cement (600801) 2019 First Quarterly Report Review: Off-season Exceeds Expected Volume and Price

Huaxin Cement (600801) 2019 First Quarterly Report Review: Off-season Exceeds Expected Volume and Price

Matters: The company’s first-quarter 2019 performance increased by 90%.

6%, earnings per share are 0.

68 yuan From January to March 2019, the company realized operating income of 59.

80,000 yuan, an annual increase of 32.

5%, net profit attributable to shareholders of listed companies10.

10,000 yuan, an increase of 90 in ten years.

6%, EPS0.

68 yuan, off-season performance exceeded expectations.

The first are: 1. The company’s production and sales scale has expanded. Aggregate sales increased by 46% in the first quarter of 2019, and cement and clinker sales increased by 19%. 2. Under the background of environmental protection and supply-side reform, the prices of cement and other products remained better than before.

Comment: Regional prices remain high and profitability increases Despite the reduction in clinker prices and cement prices in East China before the Spring Festival, the impact on core areas of Huaxin Cement is relatively small, and cement prices in Central and South China remain high.

In the reporting year, the company’s cement clinker sales increased by 19% year-on-year. It is estimated that the company’s comprehensive price of ton products in the first quarter of 2019 was 396 yuan, an annual increase of 11% or 39 yuan, and the comprehensive cost of ton products was 251 yuan, exceeding the increase of 5% or 13 yuanThe gross profit per ton of product was 145 yuan, an increase of 26 yuan per year, and the cost of ton was 59 yuan, each time falling by 7 yuan. Based on comprehensive factors, the report pointed out that the company’s net profit per ton product was 67 yuan, an increase of 25 yuan.

Reported average, company gross margin 36.

6%, an increase of 3 per year.

4pct.

Sales rate, management rate and financial rate are 6 respectively.

8%, 4.

7%, 1.

5%, a year-on-year decrease of 0%.

8, 1.

2, 1.

5pct, the company’s rapid decline in the size of its interest-bearing debt has led to a rapid reduction in its financial expenses; the period rate was 13.

1%, a decline of 3 per year.

5 points.

The remaining increment of Huaxin Cement’s main business contributes to the growth of performance. Huaxin Cement promotes the optimized layout of cement production capacity, and the coordinated development of aggregate and environmental protection business. In the future, the incremental growth will be particularly significant.

Based on the company’s 2018 production capacity layout and planning, we expect that in 2019, Huaxin Cement’s various businesses will continue to increase: In terms of cement business, Shannan, Tibet, which commenced production in August 2018, and two total production lines of 240 in Xigaze will contribute in 20192In the third quarter of 2019, Huangshi replacement line will be completed and Yunnan Lu advises the 4000t / d line to resume production. Taken together, the effective capacity of the above supplementary cement is about 300. It is expected that the company’s output in 2019 is expected to increaseIn terms of aggregate business with high gross profit margin, it is planned to increase aggregate production capacity by 2,000 tons in 2019 to double the production capacity; it will realize that the hazardous waste disposal capacity of environmental protection business will 北京夜生活网 also increase.

Profit forecast and investment rating: Since 2019, the company’s sales volume and price have both increased. The quarterly results are expected. The scale of the company is expected to increase. Under the environmental protection and supply-side reform policies, prices are also expected to remain good.The company’s performance is expected to continue to grow steadily.

The volume and price performance of the company’s products continued to be better than expected, and we raised our EPS forecast for the company in 2019-21 to 4.

10, 4.

45, 4.

70 yuan (previous forecast was 3).

66, 3.

97, 4.

14 yuan).

Maintain target price of 29.

28 yuan, maintaining the “recommended” level.

Risk reminder: Faster growth of fixed asset investment and real estate investment may lead to a decline in the industry’s prosperity; falling cement prices and rising raw material and coal prices will erode the profitability of cement products