Liya partner rookie host CCTV Spring Festival Evening, 36 years host list who you like best
On January 14, the CCTV Spring Festival Gala in the Year of the Rat for the first time was lined up with antiques at the old CCTV station.According to media reports, the CCTV Spring Festival Gala Hosting Group will be “a big change of blood” this year. The host of the main venue will be Ren Luyu, Nilgati, newcomers selected by the joint CCTV host contest, Yin Song, Zhang Shuyue, and film and television actor Tong Liya.Spring Festival Gala presided over the delegation.Liya is not the first film and television actor to be the host of the Spring Festival Gala. Liu Xiaoqing, Zhao Wei, Zhang Guoli and others have all played important roles.Tong Liya.The picture comes from the Internet. The two newcomers to the Spring Festival Gala are also very promising.Yin Song comes from Jiangxi Radio and TV Station and once hosted the Jiangxi Satellite TV program “Forward Forward”, etc., and entered the top six in the literary and artistic category in the “Central Broadcasting Station 2019 Host Contest”.Zhang Shuyue was born in 1997.In 2015, he was admitted to the Communication University of China as the first professional in the country, and then participated in the Tencent video “Goddess TV” variety show as a host, and served as the location host of the “Ocean Beach Carnival” of Beijing Satellite TV.In the “Central Radio and Television Station 2019 Host Contest”, he entered the top six in the literary and artistic category with a sixth place.List of previous Spring Festival Gala hosts: 1983: Wang Jingyu, Liu Xiaoqing, Ma Ji, Jiang Kun 1984: Zhao Zhongxiang, Lu Jing, Huang Ayuan, Jiang Kun, Jiang Lili, Chen Sisi 1985: Ma Ji, Jiang Kun, Zhang Yu, Zhu Wanyi, Bianban 1986:Zhao Zhongxiang, Wang Gang, Jiang Kun, Liu Xiaoqing, Fang Shu, Gu Yongfei 1987: Li Moran, Wang Gang, Li Xiaoying, Jiang Kun 1988: Sun Daolin, Jiang Kun, Hou Yaowen, Wang Gang, Xue Fei, Wei Hua, Ju Ping 1989: Li Moran, Zhao Zhongxiang, Jiang Kun, Kan Lijun, Li Yang 1990: Zhao Zhongxiang 1991: Zhao Zhongxiang Ni Ping Zhang Hongmin Li Ruiying 1992: Zhao Zhongxiang, Ni Ping, Yang Lan 1993: Liang Yanling, Li Qingan, Zhang Yongquan, Zhao Zhongxiang, Ni Ping, Yang Lan 1994: Cheng Qian, Ni Ping 1995: Zhao Zhongxiang, Ni Ping,Xu Gehui 1996: Zhao Zhongxiang, Ni Ping, Cheng Qian, Yuan Ming, Zhou Tao, Zhang Xiao 1997: Zhao Zhongxiang, Ni Ping, Cheng Qian, Yaning, Zhu Jun, Zhou Tao 1998: Zhao Zhongxiang, Ni Ping, Yaning, Zhu Jun, Zhou Tao, Wang Xuechun,Liu Chunyan, He Jiong, Zeng Yuan 1999: Zhao Zhongxiang, Ni Ping, Zhou Tao, Zhu Jun 2000: Zhao Zhongxiang, Ni Ping, Zhao Wei, Wen Zhaolun, Wang Siyi, Pu Cunxin, Niu Qun, Feng Gong, Yang Lan, Jiang Kun, Zhou Tao, Zhu Jun, Bai Yansong, Wen Qing, Zhao Lin, Cao Ying, Li Xiaomeng, Cui Yongyuan, Wen Xingyu, Ju Ping 2001: Zhou Tao, Zhu Jun, Cao Ying, Zhang Zheng 2002: Ni Ping, Zhu Jun, Zhou Tao, Wang Xiaoya, Wen Qing, Li Yong 2003: Ni Ping, Zhu Jun, Li Yong, Zhou Tao, Wen Qing, Zhang Zheng 2004: Ni Ping, Zhu Jun, Zhou Tao, Li Yong, Zhao Baole, Wen Qing 2005: Zhu Jun, Zhou Tao, Li Yong, Dong Qing, Wen Qing, Zhang Zequn 2006: Zhu Jun, Zhou Tao, Li Yong, Dong Qing, Zhang Zequn, Liu Fangfei2007: Zhu Jun, Zhou Tao, Li Yong, Dong Qing, Liu Fangfei, Zhang Zequn 2008: Dong Qing, Bai Yansong, Zhu Jun, Liu Fangfei, Zhou Tao, Zhang Zequn, Li Yong 2009: Zhu Jun, Dong Qing, Bai Yansong, Zhou Tao, Zhang Zequn, Zhu Xun 2010: Zhou Tao, Zhu Jun, Zhang Zequn, Dong Qing, Ouyang Xiadan, Ren Luyu 2011: Zhu Jun, Zhou Tao, Dong Qing, Li Yong, Zhang Zequn, Zhu Xun 2012: Zhu Jun, Li Yong, Dong Qing, Bi Fujian, Sa Bening, Li Sisi 2013: Zhu Jun, LiYong, Dong Qing, Bi Fujian, Sa Bening, Li Sisi 2014: Zhu Jun, Dong Qing, Zhang Guoli, Li Sisi, Bi Fujian 2015: Zhu Jun, Dong Qing, Kang Hui, Sa Bening, Li Sisi, Bi Fujian, Zhu Xun, Nigemati 2016: Zhou Tao, Dong Qing, Zhu Jun, Sa Bening, Li Sisi, Nilgati 2017: Zhu Jun, Dong Qing, Kang Hui, Zhu Xun, Nilgati 2018: Kang Hui, Zhu Xun, Ren Luyu, Li Sisi, Nilgati 2019: Kang Hui,Ren Luyu, Zhu Xun, Niger Maiti, Li Sisi sauna, Ye Wang Zhang He Liu Wei editor Tong Na proofreading Fan Jinchun
Win Vantone 4 years ago, this capital violent man joined the football club of Sovereign Health
Tianjin Tianhai Football Club, surrounded by financial difficulties, finally waited for investors.Tianjin Tianhai Football Club Co., Ltd. (hereinafter referred to as “Tianjin Tianhai”) released the distribution announcement on the official Weibo on March 13 with the text “Thank you in the past!””Continue to work for the future!”.According to the announcement, on March 12, Tianjin Tianhai shareholders reached an agreement with Wantong Investment Holdings Co., Ltd. (hereinafter referred to as “Wantong Holdings”) to transfer all the shares of Tianjin Tianhai to Wantong Investment Holdings Co., Ltd.On March 13, Tianjin Tianhai Football Club announced via Weibo.”Capital strongman” Wang Yihui took the lead. On March 5, Tianjin Tianhai issued an announcement saying that in order to retain the hard-won qualification of the Chinese Super League, it will recruit 100% of the suitable transfer objects from today and transfer 100% of the club with a transfer fee of 0 yuan.Distribution, specific claims, debt and other details are negotiable.The deadline for transfer is March 14, 2020.Wantong Holdings, which transferred all the shares of Tianjin Tianhai, was formerly known as Beijing Wantong Industrial Co., Ltd.According to information from Qizha, the company was established in June 1993 with paid-up registered capital14.The registered address is Miaozhen, Huairou District, Beijing. The legal representative is Wang Yihui.Wang Yihui is also a listed company Wantong Real Estate (600246.SH) The actual controller and chairman.In 2019, Wang Yihui was shortlisted on the Hurun Rich List with a personal wealth of 55 million, ranking 747th.The 66-year-old Wang Yihui is a veteran of the capital market. He has many years of commercial “handle” experience with “real estate tycoon” Feng Lun.Wang Yihui was born in 1954 and graduated from Renmin University of China. He worked at the Central Party School from September 1985 to August 1993. Later he went to the army ‘s grain and oil industry and operated Yanji Jichen Economic Development Co., Ltd.In 1998, Wang Yihui and three partners established Beijing Pioneer Food and Agriculture Co., Ltd. (hereinafter referred to as “Pioneer Shares”), and served as vice chairman from 1998 to 2004.In September 2000, Pioneer shares landed on the Shanghai Stock Exchange for formal listing and trading.Two years later, Feng Lun, who founded Wantong Real Estate, “noticed” the pioneer shares.Beginning in 2002, Feng Lun used Beijing Wantong Xinghe Industrial Co., Ltd. (hereinafter referred to as “Wantong Xinghe”) as a platform to gradually increase its shareholding in Pioneer shares through share transfers and private placements. By 2006, the shareholding reached 60.04%.In 2007, the name was changed to Pioneer Shares of Beijing Wantong Pioneer Real Estate Co., Ltd., which was renamed Beijing Wantong Real Estate Co., Ltd. (that is, Wantong Real Estate). The trace of “Pioneer” was completely erased, and Feng Lun was completedWantong Real Estate’s “backdoor” listing.In 2009, Beijing Wantong Industrial Co., Ltd. (the predecessor of Wantong Holdings) completed the absorption and merger of Wantong Xinghe, and Wantong Holdings directly held Wantong Real Estate 51.16% of the shares.However, the capital market was unpredictable, and Wang Yihui, who left Pioneer AG after Feng Lun took over, later became the master of Wantong Real Estate and Wantong Holdings.In 2014, Wantong Real Estate further expanded its performance, and in 2015 it worsened6.1.2 billion, when Feng Lun had the idea of withdrawing.At this time, Wang Yi will appear.He took Jiahua Oriental Holdings (Group) Co., Ltd. (hereinafter referred to as “Jiahua Holdings”) as a platform and invested 31.5 billion US dollars to subscribe for a directional increase of Wantong Real Estate, and ultimately hold Wantong Real Estate35.66% of the shares became the largest shareholder.Subsequently, Wang Yihui began to acquire the shares of Wantong Holdings, the former majority shareholder of Wantong Real Estate, and directly and indirectly held Wantong Holdings 85 at the end of 2018.39% equity.After successfully joining Vantone Holdings and Vantone Real Estate, Wang Yihui transferred some shares of Vantone Holdings to Beijing Zhongrong Dingxin Investment Management Co., Ltd. with a background of “Zhongzhi Department” in 2017. One year later, both partiesAnnounced the cancellation of the transfer agreement and restored the shares.As of the end of the third quarter of 2019, Wang Yihui was the actual controller of Wantong Real Estate, Jiahua Holdings and Wantong Holdings. He began to serve as the company’s chairman in January 2018, and then left in May 2019.In January this year, Wang Yi will return to the position of chairman.Wantong Real Estate Performance Forecast shows that it is expected to achieve a net profit in 20195.5 billion to 6.50 ppm, an annual increase of 68% to 100%; net profit excluding non-recurring gains and losses is 1.8 billion to 2.2 billion yuan, an annual increase of 100% to 145%.Two months after the Quan Jian case was sentenced, the announcement of Tianjin Tianhai ‘s 0 yuan transfer to Tianjin Tianhai Tactics revealed that at the end of the 2019 season, Tianjin Tianhai entrusted Beijing Zhongqihua Asset Appraisal Co., Ltd.The estimated value of the asset is 64882.500,000-77171.720,000 yuan.After experiencing the Quanjian storm, Tianjin Quanjian Football Club was renamed Tianjin Tianhai Football Club in January last year. In the 2019 season, Tianjin Tianhai has experienced three storms such as coaching, but in the end it was still thrilling and relegated, ranking 25th with 25 points.14th place, 5th place lower than the 2018 season, 4 points higher than the relegated Shenzhen Jiazhaoye.Currently, former international Li Weifeng is the team’s manager and substantive head coach.On June 6, 2006, Hohhot Binhai Professional Football Club was established, which was the original predecessor of Tianjin Tianhai; in 2007, the team moved back to Tianjin and reorganized, and changed its name to Tianjin Songjiang Football Club on April 26; July 2015On the 7th, Tianjin Songjiang Football Club and Quanjian Group announced a joint announcement, announcing the acquisition of Tianjin Songjiang Football Club by Quanjian Group.The acquisition of Quanjian Group made the club funds very abundant.In 2016, Tianjin Tianhai won the first division of the Chinese Football Association, and then scored 54 points at the end of the first season of the 2017 “Super League”, ranking third, and qualified for the AFC Champions League.It is hoped that Tianjin Tianhai was established on May 30, 2006 with a paid-up registered capital of 15 million yuan. It is currently 100% controlled by Quanjian Natural Medical Technology Development Co., Ltd. (hereinafter referred to as “Quanjian Company”), of which Quanjian GroupCo., Ltd., Shu Yuhui and Shu Changjing each hold 75 shares.36%, 22.17% and 2.46%, the actual control is Shu Yuhui.On January 8 this year, the People ‘s Court of Wuqing District of Tianjin issued a public judgment on the case of the defendant unit Quanjian Natural Medicine Technology Development Co., Ltd. and the defendant Shu Yuhui, leading the pyramid scheme activities, and was determined to be the right of the accused unit.Twelve persons including Jian Company and the defendant Shu Yuhui all constituted an organization and led the crime of MLM activities. According to law, the defendant unit Quanjian Company was fined RMB 100 million, and the defendant Shu Yuhui was sentenced to nine years in prison and resulted in a gold RMB 50 millionYuan; the recovery of illegal income shall be turned over to the State Treasury.Relevant report: “Tianjian Tianhai intends to transfer 0 yuan two months after the sentence of Quan Jian is declared” sauna, night net Xiao Wei Li Yunqi editor Zhao Ze proofreading Liu Baoqing reporter contact email: xiaowei @ xjbnews.com
Huayu Mining (601020) Quarterly Report Comment: Performance Increases MoM, Ke Yue EIA Approved
Sales increased, silver prices rose, and third-quarter results increased sequentially. According to the company’s announcement, the company’s revenue in the first three quarters was 6.
5.6 billion, a year-on-year decrease of 24%; net profit attributable to mothers was 7485.
10,000 yuan, 60 per year.
The company achieved a net profit of 3579 in the third quarter.
50,000 yuan, an increase of 76% from the previous month, the first is: the company’s zinc concentrate sales of metal content 7504.
9 tons, an increase of 65% from the previous month; the sales volume of lead-antimony (containing silver) metal content was 5,792.
0 tons, an increase of 17% in ten years.
At the same time, lead prices rose by 1 in the third quarter.
9%, the price of silver rose by 15.
9% is another important factor for the increase in performance.
Ke Yue lead polymetallic ore mining environmental assessment has been approved, the company’s mining capacity is expected to significantly improve. According to the company ‘s September 27 announcement, the Ke Yue lead polymetallic ore mining engineering environment report in Tibet was approved.
After getting the EIA approval to get more mining warrants, the listed company will increase the mining scale to 40 tons of lead, zinc, antimony ore per year, which is 65% higher than the current mining capacity, and 62% annually.
Investment proposal According to the price of lead, zinc, silver and antimony, the company’s EPS is expected to be 0 in 2019-2021.
80 yuan, corresponding to the current expected PE of 39/15/12 times, considering that the company’s internal business profit is bottoming out; Talc Gold is expected to increase its revenue 北京夜网 by 78% after its production and the company’s profit is expected to increase by 178%; 2020The annual precious metal segment revenue accounts for nearly 50% of the total revenue (without considering price increases), or it will bring double improvement in performance and conversion.
The average PB of similar companies in the reference industry is 3.
5 times, the company is in the process of transformation PB to 3 times, the reasonable value is 11.
97 yuan / share.
It is expected that the performance evaluation of Huayu Mining in 2020 will be improved by leaps and bounds, and the PE of 15 times is far lower than that of comparable companies by an average of 26 times.
Risks remind that the production of Taluminum projects is less than expected; the prices of precious metals have changed dramatically.
One-week fund dispatch: the main net reduction of 35 billion non-bank financial net inflows tops
[Weekly capital plan chart]The net inflow of main funds exceeding 35 billion in non-banking financial industry is the largest inflow Source: Securities Times Network this week (09.
06) Shanghai and Shenzhen stock markets rose overall.
The Shanghai Stock Index has gradually increased throughout the week3.
93%, SZSE Component Index gradually increased throughout the week4.
89%, GEM refers to a gradual increase throughout the week5.
In terms of capital flow, the main funds of the Shanghai and Shenzhen cities gradually replaced 350 nets throughout the week.
1 billion yuan, of which the net can be 289 on Friday.
1 This week, the main capital of the two cities gradually replaced 350.
10 million this week the main capital of the two cities gradually replaced 350.
1 billion yuan.
Among them, the main fund opened at least 169 on Friday (September 6).
7.9 billion, a net inflow of 14.
62 trillion, net 289 all day.
2 This week, Shanghai and Shenzhen 300 main funds gradually net inflow26.
2 billion yuan this week, Shanghai and Shenzhen 300 main funds gradually net inflow.
2 billion yuan, GEM net reduction of 62.
8.3 billion yuan, small and medium-sized board net 135.
4.3 billion yuan.
The Shanghai Stock Connect gradually netted in at 211 this week.
5 billion yuan, Shenzhen Stock Connect gradually net inflow of 96.
8.7 billion yuan (here the China-Shanghai Stock Connect and Shenzhen Stock Connect net net amount is based on the amount used on the day, 夜来香体验网 which is slightly different from the transaction net purchase amount, but the meaning is generally the same).
3 This week, the non-bank financial industry’s net inflow was 110.
Among the top 28 10,000-tier industries in the 7.7 billion level, 16 industries realized net capital inflows this week, of which 110 were non-bank financial industries.
4 This week, the FTSE Russell concept net inflow was 285.
In terms of the 4.8 billion top concept sector, this week the FTSE Russell Concept, MSCI Market, MSCI China Concept, Margin Financing and other concept sectors showed a net inflow of funds, of which the FTSE Russell Concept net inflow was 285.
5 ZTE’s net inflow this week was 29.
8 billion (Note: The main force of net inflows in this table is different from the statistics in the previous table and the next table). The trend of the six stocks in the 6th week is the top 15 net stocks.For: The top 15 stocks with the highest net selling amount of individual stocks are: Top 10 active stocks of Shanghai Stock Connect and Shenzhen Stock Connect on Friday 7th.
Zhejiang Longsheng (600352): The price of dyes in the third quarter of 2019 decreased month-on-month, a significant increase in sales
The company achieved net profit attributable to mothers in the first three quarters of 201938.
82 ppm, an increase of 22 in ten years.
The company announced that it achieved revenue of 166 in the first three quarters of 2019.
23 ppm, an increase of 14 in ten years.
11%; net profit attributable to mother 38.
82 ppm, an increase of 22 in ten years.
13%; EPS1 achieved.
22 yuan / share.
Among them, 3Q2019 achieved revenue of 69.
74 ppm, a 10-year increase of 29.
17%; net profit attributable to mother 13.
51 ppm, a 10-year increase2.
Sales of dyes declined in the first three quarters of 2019, but sales in 3Q2019 picked up significantly.
According to the report average, the company sold a total of 16 dyes in the first three quarters of 2019.
5 in the beginning, compared with 18 in the same period last year.
7 Initial average 11.
From the single quarter data, the company sold dyes in the third quarter of 2019.
4 Maximum limit, ten-year average.
48%, but 4 in 2Q2019.
4 Expected substantial sales growth 46.
With the average of the report, the company’s auxiliary and intermediate sales in the first three quarters of 2019 were 5 respectively.
5 minimum and 8 interest rates, at least slightly increased by 3.
16% and formaldehyde 3.
3Q2019 dye prices have fallen.
According to the price data of Zhuochuang Information we tracked, the average price of the company’s main product disperse dyes in the first three quarters of 2019 was 41 yuan / kg, an increase of 8 yuan from 37 yuan per thousand degrees in the same period of 武汉夜网论坛 the previous year.
63%; the previous average price of reactive dyes was 30 yuan / month, an increase of 3 over the same period last year.
From the single quarter data, the average price of disperse dyes in the third quarter of 2019 was 38 yuan / kg, and the 44 yuan / carboxy ring ratio in the second quarter of 2019 was 12.
7%; the average price of reactive dyes in the third quarter of 2019 during the same period was 29 yuan / kg, compared with the previous month’s oxide 7 in the second quarter of 2019.
The third quarter of 2019 gross profit ratio molecular weight.
Affected by the decline in dye prices, the company’s consolidated gross margin in the third quarter of 2019 was 34.
1%, compared with 48 in the same period last year.
58% decline by 14 every year.
48 singles; 49 in the second quarter of 2019.
64% month-on-month decrease of 15.
The average value of the report is that the company’s comprehensive gross profit margin for the first three quarters of 2019 was 41.
58%, a slight decrease from the same period last year4.
Profit forecast and estimation.
We expect the company’s EPS for 2019-2021 to be 1.
71 yuan / share, combined with comparable company estimates, carefully consider 9-11 times PE in 2019, corresponding to a reasonable value range of 14.
27 yuan, maintaining the sustainable market rating.
Dye prices fell; resorcinol prices fell; real estate project development was lower than expected.
Bank of Shanghai (601229): Shareholders increase their holdings to pick up
On the 7th and the 6th of the incident, Shanghai Bank issued a merger stability announcement, which gradually triggered an internal price stabilization plan. The three shareholders holding more than 5% of the shares in the merger stabilization plan intend to increase their total holdings by more than RMB 208.3 million.
Brief Comment 1. Reasons for the triggering of the feasible stability mechanism According to the continuous stabilization plan described in the prospectus of the Bank of Shanghai, within three years after listing, when the closing price of the company’s stock for 20 consecutive trading days is lower than the company’s latest audited factsRelevant entities such as net assets, the company and shareholders holding more than 5% of the company’s shares, directors (excluding independent directors) and senior management personnel will initiate a mechanism to stabilize the company’s implementation.
From May 31, 2019 to June 28, 2019, the closing price of the Bank of Shanghai’s total stocks for 20 consecutive trading days was lower than any audited net asset in the most recent period, which meets the above-mentioned recognized stability mechanism trigger conditions.
2. Conducive to the implementation details of the stabilization mechanism: reserve price 9.
6 yuan According to the plan, the three shareholders holding more than 5% of the shares, the shareholders holding more than 5% of the shares shall, after the triggering date, increase their holdings of shares by 15% of the cash dividends from the Shanghai Bank in the most recent year prior to the triggering date, of which,Lianhe Investment (holding 13.
) The amount is not less than 98.72 million yuan, Shanghai Port Group (holding 7 shares.
) The amount is not less than 54.13 million yuan, Santander Bank (holding 6 shares.
50%) The amount is not less than 47.98 million yuan, and the total amount is not less than 2008.03 million yuan, according to the closing price of 8 on July 5.
Calculated at 97 yuan / share, the total increase is not less than 2238.
910,000 shares, accounting for 0 of the total share capital.
At the same time, there is no price range and maximum increase in the increase, and the implementation period is within 6 months after the adoption of the gradual stabilization mechanism.
When the closing price of the company’s stock exceeds a higher net asset for 10 consecutive trading days, the implementation of the increase in shareholding plan may be suspended.
According to the statutory net assets after ex-rights and ex-dividends9.
6 yuan / share, currently 8.
The closing price of 97 yuan / share is 7.
02% arbitrage space.
3. Review of the 2018 increase in shareholding plans On May 22, 2018, the Bank of Shanghai merger has also triggered stability promotion measures. The implementation of a stabilization plan that also holds more than 5% of shareholders’ shares should be in the most recent year before the triggering date.Bank of Shanghai received an overall 15% increase in cash dividends on stocks.
According to the announcement of completion of the increase in shareholding, during the implementation period of the increase in shareholding plan (ie, from May 29, 2018 to November 28, 2018), Lianhe Investment gradually increased its holdings by approximately 10,028.
RMB 850,000 (minimum share holding amount is RMB 59.9 million); Shanghai Port Group’s incremental share holding amount is approximately 73,556.
310,000 yuan (minimum increase of 29.19 million yuan); Santander Bank gradually increased the amount of approximately 2919.
110,000 yuan (minimum increase of 29.19 million yuan).
In addition, Shanghai Port Group took the initiative to increase its holding of 19.57 million shares from May 8 to 18 before the announcement of the increase in shareholding, with an increase of approximately 3.
Increased shareholder holdings have significantly improved the merger of Bank of Shanghai in 2018, compared to the Bank Index (Shenwan) replacing 6 within 7 months.
In 13% of cases, Bank of Shanghai went up 8 against the market.
43%, especially within one month after the announcement of the increase in shareholding, the bank index fluctuated significantly by 8.
In 45% of the cases, the Bank of Shanghai was able to restore stability under the boost of the shareholder’s shareholding plan, with a monthly increase of 0.
From the perspective of 2018, in the banking sector, except for the Bank of Shanghai’s 18 years of positive shareholder growth and strong fundamentals, the remaining banks have achieved negative growth.
4. Time for lifting restricted stocks The Bank of Shanghai’s first restricted stocks were lifted on November 16, 2017, and the number of lifted stocks was 29.
2.6 billion shares; and on November 18, 2019, the second lifting of the ban will be introduced. This time the lifting of the ban will place all the remaining restricted stocks to be lifted and the number of lifted stocks will reach 74.
5.2 billion shares, of which the number of shares lifted by the three shareholders holding 5% of the shares was 28.
7 billion shares, accounting for 38 of the total number of shares lifted for the second time.
We expect that Bank of Shanghai stocks will usher in a certain degree of selling pressure after the second lifting of the ban, but the plan to increase the holdings of major shareholders who have exceeded the minimum increase in the past when they actively and passively increased their holdings can cut the major shareholders’The future development is full of confidence, and the major shareholders will definitely have a plan to sell by then.
5. Investment suggestion The Bank of Shanghai’s revenue 北京养生会所 growth rate has maintained rapid growth in the last 4 quarters, and the net profit growth rate has accelerated compared with the same period last year; NIM and retail yields have continued to increase; asset quality and provisioning strength have remained stable, and continue to be among the top in the industry;; The Bank of Shanghai continues to transform at the retail end, and its strategic layout and target customers are very clear. Strong performance will bring about a rebound in net interest margin, the growth of index net income and the continuous improvement of ROE, which will help improve the overall value;The integration and stabilization plan will be completed in the next 6 months, which is expected to bring strong bottom price support to Shanghai Bank.
We forecast 19/20 operating income to grow by 18 per year.
71% / 19.
87%, net profit grows by 20 per year.
76% / 21.
35%, EPS is 2.
42 yuan, BVPS is 15.
39 yuan, PE is 4.
70, PB is 0.
49. Maintain BUY rating and 6-month target price of 12 yuan.
Aerospace Mechanical & Electrical (600151) 2018 Annual Report Comment: Performance is slightly lower than expected
The company achieved EPS 0 in 2018.03 yuan.The reported company divested some of its assets, the income growth rate increased, and the investment income increased.Taking into account the impact of non-dominant changes in the exit of the photovoltaic business on the company’s performance, the company’s EPS forecast for 2019/20 is reduced to zero accordingly.07/0.09 yuan (the original forecast was 0.11/0.14 yuan), giving the company 2021 EPS forecast 0.11 yuan.Taking 南宁桑拿 into account the company’s enhanced competitiveness after business restructuring and expectations of future asset injections, the company maintains a “Buy” rating with a target price of 8 yuan. The performance is slightly lower than expected, and long-term development is good.The company achieved revenue of 67 in 2018.10,000 yuan (ten years +0.66%), net profit attributable to mother 0.390,000 yuan, achieving EPS 0.03 yuan.The report totals that in the fourth quarter, due to the divestiture of some assets, the company realized revenue of 16%.98 ppm, a ten-year average of 26.8%, leading to the highest expected revenue growth and gross margin decreased by 0.14% to 11.94%, asset divestitures bring returns5.1.7 billion, driven by the company to return to its mother’s net profit.The company gradually withdrew from the non-advanced breakthrough in the photovoltaic industry chain, and at the same time, the controlling shareholder steadily advanced the work related to asset securitization, and the future profitability may be improved, and long-term development will be improved. The integration synergy effect gradually emerged, and the auto parts business supported the company’s performance.Reported the auto parts business income of Tier 1 companies 43.460,000 yuan, a sharp rise of 76 in ten years.8%, gross margin blood pressure 1.74% to 11.83%.The forward-looking integration of synergies between Esdaq and eraeAuto, the heat exchange system product line is richer, with 14 factories and 4 R & D centers worldwide, and the industrial layout covers Asia, Europe and the Americas.Affected by the poor sales of some downstream aircraft, Esdaq achieved revenue19.980,000 yuan, net profit 0.28 ppm, a ten-year average of 46.34%.eraeAuto realized revenue 22.110 thousand yuan, net profit is 0.5.6 billion.It is expected that the high-end auto parts business may support the company’s stable growth. Gradually withdraw from non-advanced transformation, and the profitability of photovoltaic business has rebounded remarkably.Reported company photovoltaic business income 19.22 trillion, down 47 a year.73%, gross profit margin rose by 0.57% to 8.03%.On November 8th, the companies changed to 6.490,000 yuan, 1 yuan and 80 million yuan sold to the controlling shareholder, Shanghai Airlines, 100% of Shanghai Xinzhou New Energy, 70% of Shanghai Solar Energy and 25% of Shanghai Airlines Power.Shanghai Xinzhou New Energy and Shanghai Solar’s operating revenue in 2017 were 11 respectively.100 million and 9.1 million, accounting for 55% of the total revenue of the company’s photovoltaic business in 2017, the breakthrough in the sale has reduced the company’s photovoltaic business scale.As the company further focuses on core breakthroughs in the industrial chain in the future, the profitability of the photovoltaic business is expected to pick up. The Eighth Academy of Aerospace intends to transfer the company’s shares, and the asset injection is worth looking forward to.Aerospace Technology Group’s asset securitization rate target is expected to reach 45% at the end of the 13th Five-Year Plan, and the subsequent progress of asset securitization will accelerate.The company is the only listed platform affiliated to the Eighth Academy of Aerospace. It is expected that a large amount of asset injection will be obtained in the future.The report states that Shanghai Airlines and the Eighth Academy of Aerospace have agreed on an axial transfer of the company they hold26.45% of shares, after the controlling shareholder completes the change, the company’s management relationship is expected to be further streamlined.If high-quality asset injections are obtained, the company is expected to significantly enhance its competitiveness while increasing its performance. Risk factors.The yield of photovoltaic power plant projects has fallen, and the reform of scientific research institutes and asset injections have fallen short of expectations. Investment Advice.Taking into account the impact of non-dominant changes in the exit of the photovoltaic business on the company’s performance, the EPS forecast for 2019/20 is revised down to zero.07/0.09 yuan (the original forecast was 0.11/0.14 yuan), giving the company 2021 EPS forecast 0.11 yuan.The current price is 6.6 yuan, corresponding to 90/71/60 times of PE in 2019/20/21 respectively.Considering the strengthening of the company’s competitiveness after business restructuring and the expectation of future asset injections, we maintain a “Buy” rating with a target price of 8 yuan (corresponding to 110 times PE in 19 years).
Tongce Medical (600763): The mature profitability of the branch has significantly improved the consumption upgrade trend continues
Tongce Medical announced the 2019 semi-annual report on August 1, 2019, and the company realized revenue in the first half of 20198.470,000 yuan, an increase of 23 in ten years.58%; net profit attributable to mothers2.08 million yuan, an increase of 54 in ten years.07%; net profit deducted from non-attributed mothers2.4.0 billion, an annual increase of 53.85%.The overall performance is in line with our expectations. The mature profitability of the branch is obviously improved, and the scale effect is prominent.According to our incomplete statistics, the net profit of the branch in 2017-2019H was 31%, 42%, and 51% (40% in 2018H), and the net profit of the branch increased rapidly.The company’s gross profit margin reached 45.60%, an increase of 3 from 2018H.78 points; the company’s net margin reached 27.39%, up 6 from 2018H.13pct.We believe that the main reasons are: 1. The pilot effect of the company’s new supply chain model that has been expanded since 2018 is gradually being realized; 2. After the provincial branches mature, the revenue continues to increase while the fixed cost changes are relatively limited, and the selling expenses and management expenses are dividedThe absolute value of is relatively stable;60%, a decrease of 0 compared with the same period last year.17 points; after adding back the R & D expenses, the management expenses are 12.19%, down 2 from the same period last year.34pct, we think the main reason for the decline is the rapid increase in the provincial branch income, fixed rents, labor, the proportion of headquarters costs fell; financial expenses1.49%, a decrease of 0 compared with the same period last year.34 points. Both volume and price rose, and demand for high-end consumer projects continued to grow rapidly.The number of medical outpatients in the first half of 2019 reached 100.620,000 person-times, an overall increase of 14.47%; of which the Regional General Court reached 32.470,000 person-times, an increase of 4 per year.00%, the number of regional outpatient clinics reached 54.660,000 person-times, an increase of 25 in ten years.60%.The company’s overall customer unit price is 808 yuan / person-time, an annual increase of 7.99%, of which the Regional General Hospital is 873 yuan / person-time, an increase of 5 per year.00%, the regional branch is 817 yuan / person-time, an annual increase of 6.82%.Judging from the growth rate of 佛山桑拿网 high-end projects, the income from planting business increased by 31.44%, orthodontic business grew 24.24% (a 51% increase in the same period last year, a high base), the trend of consumption upgrade continues. Dandelion plans to open branches and leaves, and the expansion inside and outside the province continues.The company officially launched the dandelion plan at the end of 2018, and plans to complete the layout of 100 dental medical institutions in counties, cities, and key towns in the province within 3-5 years.The company expects to build 10 hospitals this year. At present, 7 companies including Deqing, Zhenhai, Fenghua, Linping, Xiasha, Keqiao, Taizhou have obtained business licenses. The second phase of the “dandelion” plan has been launched in the second half of the year, with 15 hospitalsEnter the project approval and preparation stage.The company’s western headquarters and Ningkou will also be expanded in the near future to further consolidate its advantages in Zhejiang Province.The company’s out-of-province layout is also gradually being promoted. After Wuhan Cunji Dental opened in last year, Chongqing Cunji Dental has officially opened for trial in February 2019, and Xi’an and Chengdu Cunji Dental Hospital were also completed in 2019.We believe that the company’s expansion strategy is proceeding in an orderly and uninterrupted manner. Earnings forecast: We expect the company’s net profit attributable to its mothers to be 4 in 2019-2021.6.7 billion, 6.2.4 billion and 8.20 ppm, an increase of 41%, 34% and 32% in ten years; corresponding to PE of 2019-2021 are 58X, 44X and 33X.The company is a leading enterprise in domestic stomatological hospitals. It has a strong certainty of expansion in the province, and expansion of its business lines outside the province and other business lines. It maintains the “highly recommended” level. Risk Catalysts: Surpassing Expected Profits and Expansion of the Old Hospital and Branches Prompt: The risk of the new hospital expanding faster than the expected profit; the risk of the old hospital failing to earn profits; the risk of medical accidents;
The “attack” and “defense” of skin care products
There are too many fake and shoddy cosmetics on the market, and many female compatriots suffer from fake and shoddy products every day.
Here are a few cosmetics counterfeit ideas to come out and communicate with you.
The first trick of anti-fake experience: skin care recipes spread on the Internet, do n’t try it. MMs have heard many so-called amazing and cheap beauty recipes!
Some of these remedies have been tried to some extent, but each person’s skin is different. Before you fully understand the remedy, don’t try it blindly.
Many MM’s skin is miserable for these so-called magic remedies.
At the same time, the editor also collected some recipes that are absolutely unusable, so don’t try them, otherwise the beautiful face will not change.
The precautionary list is as follows: skin remedy 1: high-concentration tea tree oil to remove acne; skin remedy 2: hemorrhoid cream for dark circles and fine lines; skin remedy 3: lemon whitening, lose your wife and lose arms;Recipe 4: Tofu mask smooth skin; Recipe 5: DIY honey mask is suitable for any skin type.
Anti-fake experience second trick: we must learn some tips to identify cosmetics.
The most important thing is how to really recognize when buying cosmetics!
So be sure to study hard and learn how to distinguish fake and shoddy cosmetics!
Only in this way can you always prevent yourself from falling into the trap of fake and shoddy products!
The third trick of anti-counterfeiting tips: Some beauty experts’ beauty secrets, it is better to keep an eye on it.
Big S’s “Beauty King” has become a hot sale, and many MMs are also scrambling to use the big S method to make themselves beautiful.
But are those methods of Big S really scientific?
Many skincare experts have also studied the methods in Beauty King, and the facts have proved that some of them are not scientific and the best.
So should the MMs also take this as a lesson, and then think about and verify some of the methods to be used again?
The fourth trick of anti-fake experience: Do not try the blacklist of online shopping bad reviews.
Everyone knows the convenience of online shopping. Many MM cosmetics are also purchased online. Do you know?
There are many cosmetics that cannot be purchased on the Internet. They often use the name of imported homemade products, and then carry out this fake transaction.
Therefore, if you want to prevent yourself from being deceived, better protect your skin, or understand which products are blacklisted and which are bad reviews!
Butterfly Cui Shi deep makeup remover oil reference price: 198.
00 DHC Deep Cleansing Oil with high-quality olive essence as the main ingredient is an oil, but it is water-soluble and can be completely washed with water. It is an epoch-making makeup remover.
It can quickly dissolve makeup that is difficult to remove, and penetrate into the inside of pores, so that the accumulated unclean sebum and aging cuticles naturally appear, effectively removing dirt in pores.
After the dirt and makeup remover are fully integrated, you can rinse off with clean water, which is refreshing and non-greasy.
The contained plant ingredients are mild and non-irritating, and are extremely popular makeup removers without fragrance, color, or mineral oil.
Herborist Whitening Cleansing Gel Reference price: ￥ 80.
00 products are added with seven kinds of effective extracts of Chinese herbal medicines such as white peony, white peony and atractylodes, which can gently cleanse the facial skin, soft and rich foam, and after light massage, it can effectively reduce the facial pigmentation and improveThe blood microcirculation of the facial skin improves the metabolism of the skin, effectively inhibits the production of melanin in the base layer of the skin, thereby increasing the skin’s ability to absorb nutrients and its own resistance, and effectively resists damage caused by external harmful substances to the skin.
Long-term use will whiten and soften the skin.
Shiseido introduction liquid Reference price: ￥ 118.
00 Fill a bottle of Aqua Synergy, a moisturizing water-based beauty liquid, to enhance the effect of daily skin care.
1. In the process of tapping, the active ingredients of the skin care products used before were “pushed” into the skin, penetrated deep, and effectively exerted excellent results.
2. After use of lotion and lotion, the skin surface is fresh and cool, and the inside is soft, plump and elastic.
3. Care for the skin gently and keep the skin weakly acidic.
4. No fragrance, no coloration, and tested for hypoallergenicity.
DHC Cherry Guoming Beauty Cream Reference Price: ￥ 138.
00 Guides the skin to a moist, transparent cream filled with avocado cherry essence.Concentrated with the fresh energy of natural avocado extract, it is a whitening cream that locks skin moisture.
Completely double-added the acerola cherry pulp and the plant extracts in the seeds. It also combines a variety of beauty ingredients such as vitamin C inducer, collagen, hyaluronic acid, placenta extract, etc., to give the skin fresh and hydrated skin.
The acerola cherry pulp extract of Vitamin C previously improved skin transparency.
And the polyphenolic beauty ingredients such as flavonoids contained in the seed essence can keep the skin healthy.
In addition, it is supplemented with vitamin C inducer, vitamin E, collagen, hyaluronic acid and other beautiful skin ingredients to condition the skin to the ideal state of moisture and permeability.
Excellent extensibility, it can cover the skin smoothly and enhance the transparency.
At the same time, adjust the skin’s water and oil balance to guide the skin’s health.
It is moisturizing to the touch, but not sticky, and can spread smoothly on the skin surface.
Especially suitable for young oily skin.
L’Oreal Paris Moisturizing All Day Moisturizing Cream Reference Price: ￥ 110.
00 fresh cream formula, rich in moisture, moisturizing skin C, E, B5 and mineral ingredients, nutrition and moisturizing skin two formulas, suitable for different skin types.
What kind of newborn is not suitable for breast milk?
Guide: What kind of newborn is not suitable for breast milk?
It is said that breast milk is the best source of diet for babies, but some babies are not suitable for breast milk. So which babies cannot eat breast milk?
Why is that?
Amino acid metabolism abnormalities Amino acid metabolism abnormalities mainly invade the nervous system, which is an important cause of babies’ mental retardation.
It is estimated that about 10% of patients with severe mental retardation are associated with abnormal amino acid metabolism.
The overall incidence in the population is 1 in 10,000 to 1 in 5,000.
Due to diseases caused by abnormal amino acid metabolism, more than 70 kinds of diseases have been found.
One of them is benzophenoneuria, which is a more common amino acid metabolism disease among more than 70 kinds of abnormal amino acid metabolism.
Phenylketonuria (PKU) PKU is a disease caused by abnormal amino acid metabolism.
It is an autosomal recessive disease.
It is a formate phenylalanine hydroxylase in the body, which cannot convert phenylalanine to tyrosine, which causes the accumulation of phenylalanine in the body, which can seriously interfere with the metabolism of brain tissue and cause dysfunction, which leads to certain diseasesInfants often show mental retardation after birth.
In children with lactose intolerance syndrome, lactose cannot be digested and absorbed by the human body due to the lack of lactase in the body. Clinical manifestations often include diarrhea after infants eat breast milk or milk.
Long-term diarrhea may directly affect the baby’s growth and development, and may cause low immunity and cause repeated infections.
Supplementation to breast milk or other dairy products should be suspended and replaced with lactose-free formula or soy formula.