Category: fyijpnrg

Global temporary interest rate cuts China temporarily not following

Global temporary interest rate cuts China temporarily “not following”
Sauna Night Net Mapping / Chen Dong March 1-year LPR is still 4.05%, still more than 5 years.75%; experts expect the next wave of interest rate cuts and quasi-accuracy to be “on the road” Under the global environment of expanding interest rate cuts, China’s LPR (loan market quoted interest rate) has the latest quotation.According to the interbank lending center announced on March 20, the 1-year LPR is 4.05%, LPR is over 5 years.75%, which remained unchanged from the last quotation.  The current outbreak of new coronary pneumonia is raging overseas. Since the epidemic has hit the economy, since early March, more than 20 countries such as the United States, Canada, New Zealand, Australia, the United Kingdom, Egypt, and Egypt have announced interest rate cuts.Domestic LPR quotations remain unchanged, making others feel slightly more than expected.Experts believe that the situation of long-term resumption of production and production has obviously improved, the economy itself has recovered faster, and the current urgency of lowering LPR again seems to be less urgent.In addition, 150 trillion stock loans will be linked to LPR from March. If the interest rate of loans is continuously lowered, it will also make the banks unable to eat up.Many members of the public believe that there is a possibility of subsequent interest rate cuts, a full reduction in the standard and even the adjustment of deposit interest rates. It is expected that the release of monetary policy will be more precise and the implementation will be more moderate.  Why did LPR “walk in place” in March?  The Air Force, with a one-year term and an LPR of more than five years, had a “double drop” in February.Among them, the 1-year LPR fell by 10 basis points to 4.05%, LPR over 5 years fell by 5 basis points to 4.75%.  ”Slightly beyond expectations” is a large number of opponents’ evaluation of the March LPR market unchanged, because the 550 billion US dollar targeted downgrade has just landed this week.  Wen Bin, the chief official of China Minsheng Bank, stated that through the early-year and March 16 directional reduction and superposition, coupled with the 500 billion yuan re-loan rediscount amount, the interest rate for small re-lending to support agriculture and agriculture was reduced.The 25 digits are all effective in reducing bank costs, but they are not reflected in LPR quotes.LPR-linked MLF (medium-term lending facility) operation accounts for a relatively low proportion of the funding source of the banking system. Therefore, from the perspective of the entire debt structure of the bank, MLF and RRR cuts are relatively limited to the reduction of bank costs.  However, after the RRR cut in January this year, the LPR interest rate has not been adjusted, and since the quotation mechanism reform in August last year, LPR has not recorded a record of two consecutive months of decline.  Meng Xiangjuan, chief fixed income analyst at Shenwan Hongyuan Securities, believes that LPR has not been lowered slightly below market expectations, but considers that it has lowered 10 basis points since the beginning of the year, and at the same time has alternately lowered the target RRR, liquidity is loose, short-term monetary policy is expected to temporarily increaseEntities are mainly cohesive.Judging from the performance of the bond and equity markets yesterday, they have suffered too much.  The reduction of LPR in February was against the background of reverse repurchase and interest rates of policy instruments such as MLF, and the domestic epidemic situation was at its most severe moment.Tao Jin, a senior expert at Suning Financial Research Institute, told reporters that the incidence of disease is well under control at this stage, the situation of resuming work and resuming production has improved significantly, and the speed of economic recovery has accelerated at the same time, and the urgency of LPR reduction seems not great.However, under the long-term downward pressure of the economy, LPR will remain unchanged temporarily and will increase the probability of future interest rate cuts.  Pan Helin, Executive Dean of the Digital Economics Research Institute of Zhongnan University of Economics and Law, also mentioned that the further downturn of LPR at this stage has limited impact on the market, but it will intensify the pressure on capital costs of commercial banks, because the formal conversion will begin on March 1 this year.The stock floating rate loan pricing benchmark is to convert the interest rate pricing method stipulated in the original contract to LPR as the pricing benchmark plus points. The current market stock interest rate scale is about 15 billion yuan. LPR conversion takes time, and the marginal utility of the policy will be weakened when the LPR is readjusted.The policy effect on the real economy will be more obvious when the commercial bank ‘s interest rate anchoring work has more progress and then guide the LPR downlink.  It is also possible that budget funds for lowering the deposit interest rate will be expanded until recently, a clear requirement has been put forward for a significant reduction in loan interest rates in the future, which will guide the banking system to make appropriate profits to the real economy and reduce corporate financing costs.In this context, at least the discussion on whether to lower the benchmark interest rate is also very lively.  Meng Xiangjuan said that in view of the reduction in the debt end of financial institutions, it is still possible to reduce the deposit interest rate in order to guide the financing cost of the real economy downward.Tao Jin believes that in the long run, the basis for the continued reduction in LPR is the reduction of the benchmark deposit rate that represents a larger cost reduction. At the same time, the market-oriented reform of deposits will continue to advance, and the reduction of deposit interest rates should also be market-basedIt is carried out through market means under the reform framework.  Wen Bin analyzed that corporate and residential deposits accounted for more than 60% of bank debt. If you want to reduce the cost of physical financing, then bank resistance costs should be reduced. Lowering the benchmark interest rate of deposits is the first choice. To reduce costs through banks, you can use LPRThe new mechanism continues to guide LPR down.  Pan Helin also believes that the possibility of reducing the burden on banks by lowering the deposit interest rate is very large. At present, the spreads of commercial banks have continued to shrink. The introduction of LPR quotations has not been increased and reduced, which also shows that commercial banks are under pressure to narrow the net interest margin.Reluctant to lower the quoted interest rate anymore. In the future, relevant policies will gradually be introduced to reduce the pressure on commercial banks’ capital costs.Appropriately lowering the benchmark interest rate of deposits to ease the pressure of narrowing the net interest margin of commercial banks, provide space for banks to reduce loan interest rates, and promote a marked decline in LPR quotations.  ■ The impact on the psychology of home buyers. The 150 trillion stock loans that have been anchored since 3 months also include many people ‘s “big head” monthly loans.Based on 1 million mortgages and equal principal and interest repayment for 30 years, the LPR over 5 years will fall by 5 basis points, and the monthly payment will be reduced by 31 yuan.  Pan Helin believes that the current interest rate anchoring work of commercial banks is parallel anchoring, otherwise the previous loan interest rate is 6%, and the LPR over 4 years is 4.75%, then it becomes (4.75 + 1.25%), which means that the interest rate has not changed.The conversion work began on March 1, and after more progress was made in the anchoring work, the effect of lowering LPR on the real economy was better, so the current impact of LPR reduction on the market is limited, especially for stocks.  The new loans have been linked to LPR since October 2019.Zhang Dawei, chief analyst of Centaline Real Estate, told reporters that other interest rate cuts have an impact on the actual cost of home purchases and have a psychological impact on them.Interest rate cuts and quasi-rate cuts will be considered by home buyers as a slogan for buying a house. Without a rate cut, this effect will be eliminated.Especially in the recent rate cuts in overseas competitions, the country chose to “do nothing”. In the case of a gradual recovery in the market, the interest rate cuts will fail to affect the confidence of real estate buyers.  Yan Yuejin, research director of the Think Tank Center of E-House Research Institute, believes that although the LPR interest rate itself has not been adjusted, it is expected that the recent real mortgage interest rates of commercial banks across the country will be reduced.Some military commercial banks have received external attention to reduce the down payment ratio, and the adjustment of the down payment policy is facing some resistance.Therefore, as far as the current focus of commercial banks is concerned, the direction of reducing loan interest rates or recent adjustments.Such adjustments benefit both home buyers ‘mortgage loans and developers’ development loans, and generally help to reduce the corresponding costs of home buyers and housing companies.  ■ Analysis of interest rate cuts and comprehensive RRR cuts are expected to be “on the road” In the global tide of interest rate cuts, some people generally said that the internal follow-up monetary policy space ratio, interest rate cuts and comprehensive RRR cuts are expected to be “on the road”.  Tao Jin said that in recent years, China’s monetary policy has been reduced by the impact of the global interest rate cuts, and has maintained constant policy determination and timely determination for a long time.As the wave of interest rate cuts further strikes, China is likely to be the only major country in the world that insists on resisting negative interest rates. It is also more obvious that China ‘s monetary policy has been decoupled from other countries to a certain extent, but it also means whether it is from the interest rate level or the reserve rate.In terms of aspects, developing countries have a lot of room for monetary policy.  Judging from domestic factors that affect whether interest rates are cut or not, it has always been a major constraint. The CPI for 2 months is still above 5%.Wen Bin said that if the trend overcomes the tail-lifting factor and the structural factors of food price increase, the gradual level will remain relatively high.Therefore, during the transition period, the increase in food prices fell back, and the level gradually increased further. The room for monetary policy in various countries still exists. You can further reduce the standard and interest rate, which can lead to a steady decline in market interest rates, and more importantly, reduce the financing cost of the real economy.  In terms of the pace and intensity of policy implementation, Pan and Lin believe that compared with the one-time flooding of the United States, the release of multiple monetary policies is more precise and the implementation of the monetary policy is more moderate, and the subsequent monetary policy space penetrates.Initially, it will continue to further reduce the financing cost of the real economy while maintaining a reasonable and sufficient liquidity. The future monetary policies that can be adopted include targeted or comprehensive RRR cuts, OMO interest rate cuts, MLF and TMLF operations, etc.Optimizing the “three-grade, two-excellent” deposit reserve ratio framework, it is expected that there will be a targeted or comprehensive RRR cut in the second quarter to enhance the credit availability of commercial banks.In addition, after the progress of the commercial bank loan interest rate replacement anchor work progress, the extension in the second half of the year may expand and guide the downward speed of LPR and effectively reduce the financing cost of the real economy.  Sauna, night net Cheng Weimiao

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This year Beijing Satellite TV Spring Festival Gala contributed many historical frames

This year Beijing Satellite TV Spring Festival Gala contributed many historical frames
“Home with Children” reunited.Chen Baoguo, Zhang Guoli and other buddies wished everyone a Happy New Year.Jin Dong, Xiao Zhan chorus.Yang Zi and Zhang Yishan held hands to sing.  In 2020, the Spring Festival Gala of Beijing Radio and TV Station continued the previous traditions. On the New Year’s Day (January 25) at 19:30 on Beijing Satellite TV, the BTV literary channel was broadcast simultaneously.This year’s Beijing Spring Festival Gala will create a “fairy part”, invite Xiao Zhan, Yang Zi to act as spokesperson, Zhang Guoli, Liu Tao, Shen Teng join the presiding group, Jin Dong, Yang Ying, Guan Xiaotong, Da Zhangwei, Lehua NEXT, Rocket Girl 101, etc.Many entertainers sang amazingly and brought joyful New Year blessings to the audience.In addition, this year’s Beijing Taiwan Spring Festival Gala all contributed to the “historical framework”.The reunion of the protagonists of “Family with Children” and “Great River” reunited, “Both” and “Country Love” “Xie Guangkun” competed on the stage, Zheng Shuang joined hands with parents to sing, etc., to create a warm and festive happiness level for the Spring Festival.  Writing / Sauna, Ye Wang Zhang He 1 Zhang Guoli Liu Tao Shen Teng presided over the opening show of the Spring Festival Gala in Beijing over the years, which was festive and lively, and at the same time, the audience was impressed by the topic. This year the opening ceremony of the Spring Festival Gala in Beijing will be upgraded again.The 56 sets of matrix square column-shaped CNC lifting screens in the air, three giant ribbon LED screens, large LED screens in the background, and AR (visual enhancement) technology perfectly combine the audience to be brought into the ice for thousands of milesOf the snow country.Yang Ying will wear a snow-colored gauze skirt and the same color cloak, and take the splendor of the snow country to the scene of the Spring Festival Gala.In addition, along with Lehua NEXT’s singing, the most beautiful urban landscape in the Spring Festival of 2020 will also appear.  The host of the Beijing Taiwan Gala this year was also full of surprises. Chun Ni, Zhang Guoli, Liu Tao, Shen Teng, Yue Yue, Cao Yang, and Li Yangwei will co-host.Zhang Guoli not only needs to wear needles on the stage, but also makes dumplings with his old friends in the interview area specially created for the Spring Festival Gala.Shen Teng, who is called “a man who grows up in laughter” by the people of the whole country, is even more eloquent, cute, handsome, vomiting and singing.  2 Xiao Zhan, Jin Dong’s “Dongfeng Blowing Drums” As the spokesperson for the 2020 Beijing Spring Festival Gala, Xiao Zhan and Jin Dong will form a “Dongfeng Blowing Drums” combination.One is a rigorous three-piece suit, and the other is a jacket with a striped tie. Although the style is very different, the first time they cooperated, they were in perfect harmony.As the convener of the fourth season of “Crossover Song King”, Liu Tao will fulfill his wish at Taichun Evening in Beijing, and pull up the “Crossover Song King” band: he will act as the lead singer, Li Zhiting will be the drummer, and Wang Linkai will be the rap.She laughed and said that although she was a band that performed only once a year, she was still very happy.  The Beijing Evening Spring Festival Gala is indispensable for the presence of Beijing-based artists. Da Zhangwei combined and re-arranged the new song “Sahuaer” with the classic lines in “Good Cat”, and joined hands with Guan Xiaotong to “Sahuan”.Rocket Maiden 101 will also be on the stage during the Spring Festival Gala, bringing a lively song and dance “Birth for Life”.The configuration of the girl plus concept locomotive adds enthusiasm and vitality to this stage.It is reported that Yang Chaoyue did not forget to hone the dance movements during the rehearsal gap to form a muscle memory for this stage.Yang Zi and Zhang Yishan will sing a song “Beijing My Love” about Beijing, the shadow wall of the courtyard house, the big banyan tree outside the door, the pigeons flying on the blue sky . Let the familiar and strange Beijing be reproduced in the song.  3 Su Daqiang and Xie Guangkun “compared” with the stage. Three comedy works on the Taiwan Spring Festival evening in Beijing last year reminded the audience of a whole year. This year the director group specially invited the original team to arrange a sequel.Song Xiaobao, the “elderly single young man”, continued to be busy with blind dates. Last year, he had no connection with Lin Zhiling. This year, he and his blind date were replaced by the clever “Wei Yingluo” Wu Jinyan.  After the TV series “All Good” was broadcast, Ni Dahong’s “Su Daqiang” appeared in the circle for “composition”, which is comparable to Xie Guangkun in the “Country Love” series.This year’s Beijing Spring Festival Gala invited two people to compete on the stage, and together with “Su Mingzhe” Gao Xin, eldest daughter-in-law Gao Lu, etc. to perform the extra part of “All Are Good”.This sketch can reset the classic lines of the script one by one. Su Daqiang and Xie Guangkun will also encounter new conflicts.  Guo Donglin, Shao Feng, Sun Guitian and others will focus on children and families.”Are you worried in 2019?”Guo Donglin is outstanding again and again” I am not worried “!He Yunwei, Li Jing, Cao Yunjin, Liu Yuntian, Miao Fu, and Wang Sheng will continue to help people solve their livelihood problems.  4 “Family with Children” The family of five reunited The protagonists of “Family with Children” Song Dandan, Gao Yalin, Yang Zi, Zhang Yishan, and You Haoran will “reunite” this year at the Spring Festival Gala in Beijing.Song Dandan revealed that the “family” had not seen each other for three years, and this was also the first time in the Spring Festival Gala.The whole family reunion this time even reviewed the warm story of the previous shooting, and even brought the embarrassment of the “family” to the scene to share with everyone.Yang Zi, as the spokesperson for the 2020 Beijing Taiwan Spring Festival Gala, will also join hands with Zhang Yishan to bring the song “Beijing My Love”.  In addition to “Family with Children”, Zheng Shuang and his parents will be reunited on stage, and Qi Xiange will sing “You look so beautiful when you laugh”.Zheng Shuang will show his piano skills, while Shuang Dashuang Shuang’s mother will dance to show the warm and joyful picture of a family of three to the audience.Wang Kai, Yang Shuo, and Dong Zijian, who are shooting “Dajiang Dahe 2”, will bring an old song suitable for quiet listening.The “Old Pub” screenwriter Gao Mantang, director Liu Jiang, starring Chen Baoguo, as well as several brothers from the Hero Street represented by Feng Lei and Gong Hanlin, also came to the Spring Festival Gala in Beijing to send blessings to the audience.  (The actual program is subject to broadcast)

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Jiang Zhipeng’s dangerous moves escaped the red card, Li Tie did not protect the short: violence on the court must be prohibited

Jiang Zhipeng’s dangerous moves escaped the red card, Li Tie did not protect the short: violence on the court must be prohibited
Jiang Zhipeng escaped the red card by kicking the opponent’s head in defensive action in the first match of the national football selection team in the East Asian Cup lost to Japan 1-2.After the game, he explained that he did not intentionally hurt anyone.Coach Li Tie said that stadium violence must be prohibited.Jiang Zhipeng’s dangerous action received a yellow card.Picture / Osports happened in the 30th minute of the game.Facing a high-altitude ball, the Japanese striker jumped to the top, but Jiang Zhipeng shot from the side, trying to unload the ball with his left foot.But at the time, Jiang Zhipeng’s feet were already as high as the opponent’s head, and the soles kicked to the side of the opponent’s head.However, the referee only showed a yellow card for this dangerous action.”I didn’t kick the ball, so it was not possible to give a red card.”Jiang Zhipeng said after the game that he didn’t intentionally hurt anyone,” I saw him on that ball, but I don’t think he can get the ball in his position.You can also see through the replay that I broke the ball with my foot in advance, and then his head touched my foot.But in the national team’s game, this action should still pay attention.”After the game, coach Li Tie also communicated with Jiang Zhipeng on this action,” he told me very positively that he didn’t see the opponent and only wanted to stop the ball.”But Li Tie also said that this is undoubtedly a dangerous move.This season, Li Tie led Wuhan Zhuoer to take the sixth place in the Super League. The team’s total number of red and yellow cards and the number of fouls are the least among the 16 teams. The net game time is in the forefront of the Super League, which is enough to prove that Li Tie is strict in governing the army.Leading the selection team, Li Tie has also emphasized the elimination of violence on the court.”We continue to communicate and communicate with the players and tell them how to play, not the violence on the court.”Li Tie reiterated at the post-match press conference that stadium violence must be prohibited.

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[Can fresh edamame be used for soy milk-]_ making soy milk _ can you

[Can fresh edamame be used for soy milk?

】 _Do soy milk_Can you

Soy milk is a very popular drink in modern life, because the taste of soy milk is strong and delicious. Drinking a bowl of soy milk for breakfast can make the body feel instant satisfaction, and the mouth has a fragrance. Soy milk is generally usedSoymilk is made from soybeans, and through the improvement of living standards, many other ingredients can also be made from soybean milk. For example, can fresh edamame be used for soymilk?

Edamame can be used for soy milk: Method 1: 1.

Fresh edamame peeled 2.

Rinse it 3.

Put edamame and 1.

Pour 2L of water into the soymilk machine together, and press the wet bean Jian 4.

After a few minutes, the edamame soy milk is ready for nutritional effects: edamame is rich in vitamin C and soy milk does not contain vitamin C. The same amount of edamame milk contains less energy and traces than soy milk, and the edamame yield is higher.In soy beans, it has the fragrance not found in soy milk, soy beans do not need to be soaked, which is more convenient and quicker than soy beans.

Cooking skills: The amount of edamame and the water you need to add are based on your own soy milk.

Method 2: Specific methods: 1. Remove the edamame shells and peel the edamame rice. When packing the beans, fold the halves in half and move the squeezed beans out. 2. Wash the edamame rice into a blender, soybean milk machine or smallPut a bowl of water into the mill to make a thin paste; if you use a soymilk machine, put the water in one foot at a time; 3, put the thinned paste into a pot, add water to replace the soy milk, and then boil on high heat,Add rock sugar or white sugar and simmer for 3 minutes, then filter.

The filtered bean dregs can be used for pancakes and steamed buns.

The efficacy and role of edamame1. The content of trace elements in edamame is higher than other types of vegetables, but mostly unsaturated fatty acids, such as linoleic acid and linolenic acid, which are necessary for the human body, can improve trace metabolism and reduceCholesterol triester and cholesterol content.

2. Lecithin in edamame is one of the indispensable nutrients for brain development, which can improve the memory and intelligence of the brain.

3, edamame is rich in dietary fiber, which can improve constipation, lower blood pressure and cholesterol.

4, the potassium content of edamame is very high, summer consumption can help make up for the loss of potassium caused by excessive sweating, resulting in fatigue and loss of appetite caused by the loss of potassium.

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[Baby Pork Liver Noodle Practice]_kids_how to make

[Baby Pork Liver Noodle Practice]_kids_how to make

For babies, it is good to eat a little pig liver. The nutritional value of pig liver is relatively high, there are iron elements, and rich in vitamin a. It has certain benefits for promoting the development of children.When it is liver, it can be made into pig liver mud or pork liver noodles. It has a good effect on promoting the absorption of nutrients. Let’s take a look at the practice of pork liver noodles.

The practice of baby pork liver noodles I. Ingredients: 500 grams of alkaline water noodles, 500 grams of pork bones, 250 grams of fresh pork liver, 250 grams of water fungus (about 60 grams) Seasoning accessories: 1 grams of pepper, MSG 1.

5 grams, spring onion 25 grams, appropriate amount of salt to adjust soup accessories: 260 grams of cooked lard, 50 grams of soy sauce, 20 grams of starch1.

Wash and cut the pork liver into thin slices, put it in a bowl, add starch and mix well.

The pork bones were washed and added to the sand jar, and then heated on water for 2 hours, and cooked into a milky white soup.


Take 5 soup bowls, add 10 grams of cooked lard, seasoning salt, monosodium glutamate, pepper, green onion and other seasonings, and pour into half a bowl of boiling bone soup.


Set on a hot pot, add water to a boil, add noodles and cook in 5 bowls.


Add 250 grams of cooked lard to the pot. When it is set on a hot fire and heated to 70%, add pork liver, pour the oil into a colander after the oil.


Heat the original pot on a hot fire, add oily pork liver, add 100 grams of bone soup, fungus, and boil the soy sauce. Stir in wet starch and serve on the noodles in 5 bowls.

Points to note: 1.

Pork liver slices should be starch-mixed and starched, smooth and crispy; 2.

When cooking the noodles, shake them and add them to a boiling water pot, and constantly stir with chopsticks. After boiling, add a small amount of cold water to cook.

Second, liver porridge cut pork liver into slices, simmer it with boiling water, chop into mud after removing.

Wash and cut the cabbage into filaments.

Put some oil in the pot, stir-fry the pork liver, add green onions, ginger, and an appropriate amount of soy sauce to stir in the flavor, then add an appropriate amount of water to boil, then take the washed rice and millet and cook until cooked.

Add cabbage and a small amount of fine salt and cook for a while.

Third, the liver mud custard cuts the liver into slices, adds it to the boiling water pot, removes it, and chops into liver mud.

Scoop the eggs into the bowl, adjust the egg liquid, dissolve the liver mud and egg liquid, add the seasoning, stir well, and steam in the drawer for 15 minutes.

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[Clearly peeling quail eggs]_How to peel_How to peel

[Clearly peeling quail eggs]_How to peel_How to peel

In fact, the nutritional value of quail eggs and eggs is similar, but in the eyes of children or women, they will be more likely to like to eat quail eggs.

Because quail eggs look small and cute, they make people appetite.

However, whether it is a raw quail egg or a cooked quail egg, there is a great disadvantage that it is difficult to peel.

This is a huge problem for those who like to eat quail eggs, so what is the method of clever peeling of quail eggs?

First of all, we need to lay the foundation when we cook quail eggs.

Add salt to the water of the boiled quail eggs, because salt can promote protein shrinkage, separate from the egg shell, and it is easier to peel.

Second, after the quail eggs are cooked, they should be quickly placed in cold water. This is based on the principle of thermal expansion and contraction, which allows the protein to be further separated from the egg shell.

After the above treatment, the next step is easy to handle. Some methods can easily peel the quail eggs quickly and completely-Method 1: Put the quail eggs in the palm of your hand gently, roll on the table to make the eggsFine-grained lines are formed on the shell, and then peeled by hand, it is quick and easy, and the quail eggs are easily peeled intact.

Method 2: Put the quail eggs in the box, close the lid, and then move the box vigorously for two minutes.

: After the box, you can see that the quail eggshell is completely broken but the egg is intact.

Pick up a quail egg, peel off the egg film from the bottom of the egg, and peel off the shell.

In five minutes, you can peel about 200?
300 quail eggs.

Method 3: Put the quail eggs into the washing machine, choose to dry, and finally rinse the broken shell with water.

This method slows down, but it consumes electricity and is suitable for large-scale operations.

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The market may gradually shift its focus to the return to work economy

The market may gradually shift its focus to the return to work economy

Securities Times Network Haitong Securities released early comments from investors. After the Shanghai Stock Exchange Index filled the gap this week, the GEM Index finally showed adjustment indicators. The two types of indexes have explained the structural differentiation to the fullest, so that the capital of Northbound has continued to flow into blue chips.Sector, contraction is the continuous issuance of new funds, which promotes the rapid advancement of the technology sector. Generally speaking, under the conditions of abundant liquidity in the first quarter, the market will continue to be active.

In terms of the Shanghai Stock Index, there is limited space for reduction due to the support of a dense moving average below it. In terms of the GEM Index, if it is difficult to further enlarge the trading volume, it is necessary to appropriately avoid part of the high-level sector in the near future.

In addition, from the perspective of market attractions, the recent resumption of labor has accelerated. If the focus of the previous market was on the “home economy”, then the mitigation of the epidemic situation and the recovery of people may gradually shift the focus to the “return economy””Up, the tourism, consumption and other sectors affected by the epidemic may be repaired in the early stages. Due to the limited production, the Apple company may delay the release in the spring and continue to be under pressure. 北京夜生活网 The related consumer electronics mobile phone industry chainA stock has also undergone many adjustments. It is believed that the fundamentals will also improve significantly as the market advances to replace and resume work.

At the end of the operation, it is still recommended that investors balance the style, combine positions, and focus on stock selection rather than timing.

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Yihua Shares (002897) Company Comment: Results in line with expectations

Yihua Shares (002897) Company Comment: Results in line with expectations

Company announcement: The company announced the third quarter of 2019, and the first three quarters of 2019 achieved revenue of 10.

32 ppm, a ten-year increase3.

67%; net profit attributable to shareholders of listed companies was 0.

48 ppm, a decrease of 23 per year.


Performance is in line with expectations, product structure is optimized, and gross profit margin is increased.

The company achieved revenue of 10 in the first three quarters of 2019.

32 ppm, a ten-year increase3.

67%, achieve net profit attributable to mother 0.

48 ppm, a decrease of 23 per year.

At 08%, the net profit of non-attributed mothers was zero.

4 ‰, a decrease of 29 per year.

89%, with a combined gross profit margin of 25.

8%, increase by 1 every year.

99pct, an increase of 0 from the previous month.

2pct; Among them, the single quarter of 2019 Q3 achieved revenue 3.

97.6 billion, a 10-year growth of 3.

5%, achieve net profit attributable to mother 0.

22 trillion, down 20 a year.

14%, with a combined gross margin of 26.

11%, an increase of 1 per year.

92 points, down 3 from the previous quarter.

66 points.

The company’s revenue in the first three quarters has maintained steady growth, while its comprehensive gross profit margin has improved. In essence, it is the optimization of the product structure. The increase in the proportion of high-end product revenue has driven the growth of the overall gross profit margin.The increase in preliminary R & D expenses, the company’s R & D expenses and management expenses in the first three quarters of 2019 were 0.

9.5 billion and 0.

59 trillion, an increase of 70 in ten years.

02% and 29.

9%, of which R & D expenses and management expenses in the third quarter of 2019 were 0.

3.6 billion and 0.

US $ 200 million, an annual increase of 80% and 11%; the number of related expenses increased as the company’s supplementary subsidiary did not reach the breakeven, there was a period of make up, and the company’s financial expenses increased from the same period last year.

We believe that the company’s first three quarter results are in line with expectations, benefiting from the optimization of its product structure and the improvement of its comprehensive gross profit margin. At the same time, the company continues to expand its research and development investment, improve and consolidate its high-end product structure, and actively deploy new business areas.

Optimistic about the development of high-speed connectors in the 5G era, performance will usher in an inflection point.

The 5G Internet of Things era will 杭州夜网论坛 greatly increase the demand for the number of network ports driving communication equipment, and put forward higher requirements for the single-port transmission speed of connectors.

As a domestic communication connector leader, the company has the independent development advantage of precision molds. It is one of the few domestic companies to achieve mass production of high-speed connectors. It has high technical barriers and continues to expand the market with major customers. With Huawei and Foxconn,ZTE, Xiaomi, Heshuo and other big customers maintain good cooperative relations.

Affected by the decline in consumer electronics and 4G demand, the sales of low-end connectors have declined. We believe that the overall expansion into 5G construction is expected to reach the bottom of sales of low-end connectors by the end of this year. At the same time, the company actively seizes 5G applicationsOpportunity, the sales revenue of high-end 5G connectors with high gross profit margins has achieved rapid growth, the product structure has been optimized, and the company’s performance is expected to usher in an inflection point.

The business layout is perfect, and the automotive connector imagination space is large.

Since 2010, the company has successively acquired or established companies in the fields of communications, consumer electronics and automobiles with connectors as the core. At present, it has established communications connectors as the core, consumer electronics connectors as the important components, and automobiles.Other connectors are laid out for extended strategic development.

With the increase of the degree of electronicization of automobiles and the popularization of new energy vehicles, automobile connectors will achieve both volume and price increases.The company established the Automotive Connector Division in 2017. In 2018, it established a holding subsidiary, Suzhou Yuanye Automotive Technology Co., Ltd., and new products are being actively developed for trial production.

The existing company’s automotive connector business revenue is growing rapidly, but the city’s share will continue to grow. In the future, the company will expand its R & D, production, and sales expenses, and it is expected to share the dividends of the new energy automobile industry.

Investment suggestion: Yihua Co., Ltd. is a leader in the field of domestic communication connectors. Its products cover the fields of communication, consumer electronics, and automobiles. We believe that in the 5G era, product upgrades, data network ports will increase, product demand will increase, and communication connectors are expected to appear.Prices are rising at the same time. At the same time, the company’s strong R & D strength and high-quality and stable customer resources will bring new space for the company’s performance growth.

We expect the company’s net profit for 2019-2021 to be 0 respectively.

One in 7.5 billion.

08 ppm / 1.

4.5 billion, EPS is 0.

13 yuan / 0.

19 yuan / 0.

25 yuan, maintaining the “buy” rating risk warning: the risk of intensified competition in the connector market; the risk of variation in the industrial chain layout caused by international trade games; market systemic risks

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Tongwei Shares (600438): Tongwei Yitian Stone Stack

Tongwei Shares (600438): “Tongwei” Yitian Stone Stack
Global photovoltaic demand will continue to grow, and parity on-line access is gradually approaching. At present, the 19-year domestic installation wave has gradually increased at the end of the third quarter, and it is likely to increase the demand for 20 years. At the same time, 20 years is the last domestic supplementary photovoltaicIn the year of supplementation, the domestic market may usher in “ultimate rush installation”.Germany started parity on the electricity side for 10 years, and parity on the power generation side for 12 years, with a photovoltaic penetration rate of 1.85% quickly increased to 4.19%.Analogous to the German parity process, the current inflection point of domestic premises policies and the eve of parity, by the end of 18, domestic photovoltaic penetration2.62% can still improve space.From a global perspective, 178 countries around the world have reached the upper limit of the Paris Agreement, and 146 countries have set renewable 南宁桑拿 energy targets. The Middle East, South America, and Southeast Asian countries will gradually expand demand for photovoltaic power generation due to photovoltaic economy and microgrid properties. It is expected thatGlobal photovoltaic supplementary installations will still maintain rapid growth.  By 2019, domestic polysilicon manufacturers will enter a period of concentrated production of new capacity, and the new capacity will reach 17.4 Maximum limit, total production capacity will be increased to 52 by the end of the year.7 is the lowest, but considering the actual launch time of new capacity and the climbing period of 1-2 quarters, it is estimated that the effective annual capacity of domestic silicon materials in 2019 is about 42.6.In the future, the production capacity of 1-2 large factories will climb steadily, but there are few latest expansion plans. The transformation will now be in a tightly balanced state. The company’s cash and cash costs are leading the industry, with a large number of orders and continued high production and sales.  Cells: The global leader in high-efficiency calibration has grown. In the long run, price cuts across the industry chain are the general trend, and short-term price cuts are more normal.The conversion of raw silicon wafers will usher in a wave of expansion in 2020, and the speed of cell wafer expansion will be significantly lower than that of silicon wafers.At the same time, the company’s non-silicon cost and capacity for sustainable production of the company’s cells, new expansion in the future will increase diluted costs.  Risk reminders: First, domestic photovoltaic policies have improved less than expected; second, the company’s capacity has been released and production has fallen short of expectations.  Investment suggestion: Maintain “overweight” investment rating. Tongwei is the global leader in “efficient battery + timing”.At present, the industry is driven by policies and superimposed parity. The internal installed demand is clear. The company’s reorganization and battery chips are continuously at the expected low point. The profit improvement trend in all aspects is obvious.At the same time, Tongwei is at a low point in historical estimates, and it is estimated that the space for upward revision and elastic penetration.Comprehensive relative and absolute estimates, we believe that the company’s reasonable estimation interval is 17.20-20.53 yuan / share (2019 third quarter report commentary estimates the company’s expected range is 15.78-18.75 yuan / share), and maintain the investment rating of “overweight”.

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Yoga 5 type empty stomach fat oil_1

Yoga 5 type empty stomach fat oil

After completing a set of actions, you should immediately drink another 500 ml of warm water and repeat the exercise.

First of all, you can feel defecation when you do it consistently.

At this time, you can go to the bathroom to try, but do not force yourself to relieve yourself.

“You have to be natural and relieve yourself easily.

“After one bowel movement, you still need to drink 500 ml of warm water, and continue to practice until the water is discharged.


Skyscraper: Stand upright with feet on shoulders.

When inhaling, slowly raise your blood pressure over your head, straighten your hands, and turn your wrists with your palms up.

When exhaling, the magnetic field drives the upper body to slowly bend down until the body is parallel to the ground.

Inhale again and slowly raise your hands. When exhaling, your hands are separated and fall on your side.


Wind blowing tree type: stand upright, feet close together, arms above and below the body.

When inhaling, slowly raise your hands over your head, close your palms on the top of your head, and raise your heels at the same time.

When exhaling, the upper body is bent from the waist, and the height is to the right.

Hold it for a few seconds and close it when you inhale.

Exhale to the left and inhale to the right.


Waist rotation: stand upright with feet separated, slightly smaller than shoulder width.

Inhale, raise your arms over your head, and cross your hands; turn your wrists, palms up.

Exhaling, someone slowly bent down with his upper body until his body was parallel to the ground; his eyes were fixed on his hands.

When inhaling, both hands will lead the body to try to turn to the right, and when exhaling, they will try to turn to the left.


Snake twisted: lying on the ground, palms on the floor, flat on the floor above and below the chest.

Inhale and lift your body with both hands until your arms are fully extended.

Exhale for a while.

Inhale, your head moves your body to the right, and when you exhale, your eyes look at your left heel.

Hold for a few seconds.

Inhale, turn your head to the left, and look at your right heel when exhaling.

People with better physical conditions can try to look behind themselves.


Abdominal massage: Squat down with your hands on your knees.

Bending your left knee will help place it on the ground.

Turn your body to the right as you inhale, exhale, place your chin on your shoulders, and keep your eyes behind you.

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