Category: wmbpinij

Liu Shijin: Relying on economic growth directly relying on the strength of macro policies is easy to fall into misunderstanding

Liu Shijin: Relying on economic growth directly relying on the strength of macro policies is easy to fall into misunderstanding
On May 22, Sauna Night held the national “Two Sessions Economic Policy” series of salons to challenge China’s economy. Guests included members of the National Committee of the Chinese People’s Political Consultative Conference, Xiao Gang, former chairman of the China Securities Regulatory Commission, member of the National Committee of the Chinese People’s Political Consultative Conference, Zhou Yanli, former vice chairman of the China Insurance Regulatory CommissionLiu Shijin, deputy director of the Economic Commission, member of the National Committee of the Chinese People’s Political Consultative Conference, and president of the China Academy of Fiscal Sciences Liu Shangxi.The committee members will interpret today’s freshly released government work report, including economic growth, fiscal and monetary policy and other important standards.In the connection, Liu Shijin is currently affected by the epidemic, and the economy is experiencing difficulties, but it is necessary to focus on the overall situation and the long-term, look at the economic fundamentals and see the potential, and at the same time shorten the spirit of several documents such as the marketization of elements released in the early stageMake substantial progress in reform.He also mentioned that the market is very concerned about macroeconomic policies, including monetary and fiscal policies. He thinks about the economic growth and how much he directly depends on the macroeconomic policies. However, it is easy to fall into misunderstandings when considering such issues.According to Liu Shijin’s analysis, China’s economy is in a highly overlapping state in the short term. Macroeconomic policies mainly have three functions: restoring the industrial chain, bailing out companies without income, and hedging.”There are some structural problems in the middle of the economy, and short-term shocks. If the financial system is also interrupted, it may cause big problems, such as liquidity risk.In this process, to increase liquidity, flow alone cannot support the operation of the entire economic system. Monetary policy should be looser than before, which is normal, but mainly to deal with short-term situations.”The subsequent sustained growth requires the discovery of new growth momentum.Liu Shijin is outstanding, and his focus and focus should be on the potential for growth.He said that China has the potential to catch up with the forecasted ratio. For example, there is still a gap of 30,000 US dollars per capita GDP; while the new potential formed by technological progress and green development is basically synchronized with these, these are structural potentials.Sauna, Ye Wang Cheng Weimiao Gu Zhijuan editor Chen Li proofreading Yang Xuli

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Jeremy Lin is looking forward to appearing in Wukesong, and frankly likes to eat roast duck

Jeremy Lin is looking forward to appearing in Wukesong, and frankly likes to eat roast duck
Jeremy Lin meticulously trained with the Shougang team.Sauna, Ye Wang, Li Kaixiang, Beijing Shougang Men’s Basketball Antiques held an open training class today. Jeremy Lin interviewed after the open class and summarized his initial impressions of the CBA.”In recent years I have been injured and there is no real chance to play.I can play healthily this year, and my teammates and friends are very happy.”Last week, the preseason ended. Jeremy Lin pointed out that the CBA first used” very fun “to describe, and said there are many places to learn, and the understanding with the team still needs to be improved.In his view, CBA is different from the NBA, and the restrictions on the use of foreign aid are one of them.”Two foreign aids cannot be used in the first and fourth quarters. The reorganization system and play style have a lot of influence.When I play with Hamilton or Youdu, and they are not on the field, all of my ideas will change, and the defense system will change.Get used to it slowly, this is a very fun challenge.”Gradually integrating the team, Jeremy Lin very much agrees with the team’s system and the role it plays.”I now have a lot of freedom to play pick-and-roll and screen cooperation. I have the opportunity to be a real point guard and lead the team. This is also a feature of my childhood. I have now found the most comfortable role.Our offense and defense are very smart systems and the coaches are very good.Jeremy Lin revealed that his training volume and food intake have also increased. Although he has to maintain a healthy diet most of the time, he is still unable to resist the temptation of food in China.”They said they couldn’t eat roast duck during the league, but I have eaten it a few times. I just like roast duck, and I have eaten some sweets and snacks.”Less than two weeks before the opening of the new season, Jeremy Lin said he was very much looking forward to the first game,” we went to Jilin and Qinghai, but we haven’t been to Wukesong before.”According to the schedule, the first round of the Shougang regular season will be against Tianjin on November 3, and the first home game will be against Shandong on November 6.

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North Korean runner marathon running the wrong way official: wrong follow the OB truck

North Korean runner marathon running the wrong way official: wrong follow the OB truck
The Beijing News News on the evening of the 22nd, Zhimei Sports Group issued a statement on the sprint of male athletes in the 2019 Asian Marathon Championship in its official blog.The following is the full text: About the sprint of the male athletes of the 2019 Asian Marathon Championships. On the sprint stage of the 2019 Asian Marathon Championships and Dongguan International Marathon held on December 22, the leading Korean athletes erroneously ran off the track following the OB routeAfter returning to the track, he was overtaken by Japanese athletes.This competition is operated by our company, and a technical representative is selected by the Asian Athletic Federation to supervise the competition.According to the competition plan, a live vehicle exit was set up about 200 meters before the end of the marathon, and referees and volunteers guided the route at the exit to prevent athletes from running the wrong route.The exit location and precautions were also clearly known at the athletes ‘technical meeting before the match, and were explained during the athlete ‘s track inspection.After the incident, the organizing committee confirmed with the technical representative of the Asian Marathon Championships that the transferred athletes had valid results, correct ranking, and correct event organization.Thank you for your attention to the event and the company.After this, the company ‘s leaders and media friends adhered to the fact-based news reporting principle, established a positive and positive public opinion environment, and worked together for the development of the Chinese marathon industry.After the release of this statement, if there is any media report on the matter that is not true, our company will reserve the right to speak about the legal responsibility of relevant statements.Zhimei Sports Culture (Zhejiang) Co., Ltd. December 22, 2019 Editor Liu Jiani Source: Zhimei Sports Group Official Bo

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[Efficacy of wild hawthorn]_Benefit_Necessary

銆 愰 当 鐢 熷 North-Yu-Yu-Yu-Yu-Yu-Yu-Yu-Yu Leng _ 鐩 婂 
灞辨鏍戞槸鎴戝浗涓€绉嶇壒鏈夌殑姘存灉锛岃繖绉嶆按鏋滀竴鑸兘鏄敓闀垮湪姣旇緝涓ュ瘨鐨勫湴鏂癸紝浣嗘槸杩欑姘存灉鏍戝湪鎴戝浗鍗楁柟鍜屽寳鏂归兘鏈夛紝閲庣敓灞辨鐪嬭捣鏉ヤ粬鐨勪釜澶磋灏忎竴浜涳紝鍚冭捣鏉ュ懗閬撴洿閰镐竴浜涳紝铏界劧灞辨鐨勫褰㈢湅璧锋潵閮藉樊涓嶅锛屼絾鏄粬浠篃鏄垎涓哄緢澶氫釜鍝佺鐨勶紝閭d箞缁忓父鍚冮噹鐢熷北妤傞兘鏈夊摢浜涘姛鏁堝憿?Yue Bei Bei Yu yu sui yu sui yu sui sui?銆佸北妤傚叿鏈夎緝楂樼殑钀ュ吇浠峰€煎拰鐗瑰畾鐨勮嵂鐞嗕綔鐢ㄣ€傛嵁涓浗鐤剧梾棰勯槻鎺у埗涓績钀ュ吇涓庨鍝佸畨鍏ㄦ墍鏈€鏂版祴瀹氭樉绀猴紝灞辨涓竴鏄惈鏈夊ぇ閲忕淮鐢熺礌銆備互鐧惧厠鏋滆倝璁★紝缁寸敓绱燾鐨勫惈閲忓湪姘存灉涓粎浣庝簬椴滄灒鍜岀寱鐚?妗?You can’t wait to see what’s going on; you can’t do it; you can’t do it, you can’t do it, you can’t do it, you can’t do it, you can’t do it.礌C銆丒鍙婅儭钀濆崪绱犻兘鏄姉 姘у寲鍓傦紝鑳芥彁楂樻満浣撳厤鐤姏锛屽寮轰綋璐ㄣ€傚洜姝ゅ父鍚冨北妤傝兘闃茶€併€佺編瀹广€侀槻鐧屽拰闃叉不鍔ㄨ剦纭寲銆?銆侀噹灞辨鑳藉闄嶄綆琛€鑴傘€傞噹灞辨鑳藉鏈夋晥闄嶄綆琛€鍘嬪拰鑳嗗浐閱囧惈閲忥紝浠庤€岄槻娌诲績鑴戣绠$柧鐥呯殑浜х敓锛岄鐢ㄩ噹灞辨杩樿兘璧峰埌杞寲琛€绠★紝闃叉鑲樺姩鑴夌‖鍖栫殑浣滅敤锛屽浜庤偩鐐庢偅鑰呮潵璇达紝閲庡北妤傝繕鑳藉埄灏裤€?銆侀噹灞辨鑳藉寮€鑳冨仴鑴俱€傞噹灞辨鑳藉寮€鑳冩秷椋燂紝鏈夋晥鍦伴槻姝㈤鐗╁湪浣撳唴鍫嗙Н锛屼績杩涜儍鑲犻亾锠曞姩锛屽鍔犻娆诧紝鎵€浠ユ垜浠彲浠ュ彂鐜板緢澶氬姪娑堝寲鐨勮嵂鐗╀腑閮芥Fang Yiqi, a brief reader of Beibei, is there a lot of trouble?銆侀噹灞辨鑳藉娲昏鍖栫榾銆傞噹灞辨鍏锋湁娲昏鍖栨筏鐨勭枟鏁堬紝鍙互缂撹В鎮e鐨勬筏琛€鍑濋泦鐘舵€侊紝鍙互杈呭姪娌荤枟涓€浜涘浼わ紝瀵硅穼鎵撴崯浼ゆ湁鑹晥銆?Recognize the situation, take advantage of it, and follow the rules and regulations. Recognize the situation. Recognize the situation. Do you want to know how to do it?吂鐥涖€佽吂娉伙紝淇濇姢涓哄€″鍋ュ悍銆傞噹灞辨鐨勫舰鎬佺壒寰侀噹灞辨鏄惤鍙剁亴鏈紝鏋濆瘑鐢燂紝鏈夌粏鍒猴紝骞兼灊鏈夋煍姣涖€傚彾鍊掑嵉褰紝闀?Technetium?Centimeters 0.8 technetium?.5cm: the father, the father, the mother, the mother, the mother, the mother, the mother, the boy, the boy, the boy, the boy, the boy, the boy, the boy, the boy, the boy, the boy, the boy, the boy, the boy, the boy, the boy, the boy, the boy, the boy, the boy, the boy, the boy, the boy, the boy, the boy, the boy, the boy, the boy, the boy, the boy, the boy, the boy, the boy, the boy, the boy, the boy, the boy,Sisters: Identify the fistulas and the fistulas. I want to get rid of them. I ‘m going to destroy them. I ‘m going to destroy 屽 冽 Is it hard to find a chain?Technetium?A chain of chains?Technetium?0鏈堛€傛灉瀹炶緝灏忥紝绫荤悆褰紝鐩村緞 0。8 technetium?.4cm锛屾湁鐨勫帇鎴愰ゼ鐘躲€傚北妤傛灉琛ㄩ潰妫曡壊鑷虫绾㈣壊锛屽苟鏈夌粏瀵嗙毐绾癸紝椤剁鍑归櫡锛屾湁鑺辫惣娈嬭抗锛屽熀閮ㄦ湁鏋滄鎴栧凡鑴辫惤銆傝川纭紝鏋滆倝钖勶紝鍛冲井閰告订銆傞噹灞辨鐨勫鏋濊惤鍙剁亴鏈紝楂樿揪1.5绫炽€傛灊鏉℃湁闀?~ 8 姣 Back to back?骞兼灊鏈夌煭鏌旀瘺銆傚彾闃斿€掑嵉褰笌鍊掑嵉鐘堕暱妞渾褰紝鍩洪儴娓愮嫮鑰屾帴杩戜簬鐭彾鏌勶紝闀?2?6 員 樼 背 Adhesive anatomy 1?3 鈡 漼 背: anatomy, anatomy, anatomy, chain, self-recognition, tracing, tracing, tracing, chopping, chopping, chopping, choking, choking, worm, worm, wormI ‘m sorry, I ‘m sorry, I ‘m sorry, I ‘m not sure what ‘s going on, what ‘s going on, what ‘s going on, what ‘s going on, what ‘s going on, what ‘s going on, what ‘s going on, what ‘s going on, what ‘s going on?What’s wrong 3?7鑺变笡鐢燂纴钀肩墖5鐗囷纴鑺辩摚5鐗囷纴板勮晩20鏋泛纴鑺弱嵂绾㈣壊锛屽瓙鎴夸笅浣嶏紝3~5瀹ゃ€傛ⅷ鏋滅悆褰㈡垨姊ㄥ舰锛岀孩鑹叉垨榛勮壊锛岃惣瀹垮瓨鑰屽悜澶栧弽鏇层€?

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[Can you lose weight by eating potatoes only at night]_Potato_Slimming_How to eat

[Can you lose weight by eating potatoes only at night]_Potato_Slimming_How to eat

Potatoes have a high nutritional value, which is almost the largest source of nutrition for people other than staple foods. Potatoes contain very high peaks and energy, but modern people think that potatoes contain weight-loss ingredients, especially suitable for eating at night, which can effectively reduce the body auntieSo, can you lose weight by eating only potatoes at night, and how to eat them?

Potatoes not only have the effect of protecting the skin, maintaining the appearance, but also have the effect of weight loss.

Potatoes are rich in vitamins B, C, and many minerals.

Eating more potatoes a day can basically reduce your intake. Potatoes contain only 0.

1% aunt, starch content is only 20%, and potatoes are also rich in supplementary fiber, which can make people feel full.

Avoid too much.

Tomato and potato shreds 1 tomato + 1 potato + half green pepper + 3 fungus + 10 small pickles + spring onion + 1/4 teaspoon of salt slightly more + 1/2 teaspoon of vinegar + 1/4 teaspoon of mushroom essence or chicken essence+ 1 tablespoon of oil steps: (1) first put the fungus in water, wash the vegetables, peel the tomatoes and potatoes and set aside for later use; (2) cut the potatoes horizontally into thin slices, and then cut the potatoes into shreds;(3) Rinse the cut potato shreds with water several times and soak in water for later use, shred the shallots, fungus and green peppers, and cut the tomatoes into small pieces for later use; (4) put in the pot and wait for 6-7%When it’s hot, stir-fry the onions, tomatoes and peppers and stir-fry the tomatoes until they become mushy. Add the potatoes and stir-fry over high heat. Add vinegar and mushrooms.
After 3 minutes, pour in the fungus and green pepper and cook.

Potato salad potatoes (medium size) + 1 egg + 50 g salad dressing + salt + 1 small segment of cucumber + small tomatoes 1 step: (1) first wash the potatoes, then cook them in a pot and fishPeel after peeling, grind into mashed potatoes and add to the salad bowl; (2) Put the eggs into the hot water and cook them, remove the shells, crush the egg yolks into the mashed potatoes, cut the protein and cucumber into particles(3) Put egg whites, mashed potatoes, cucumbers and half of the salad dressing in a salad bowl and mix well, season with an appropriate amount of salt; (4) put a mousse ring in the middle of the plate, and mix wellPut the mashed potatoes into the mousse circle, smooth it, and remove the mousse circle; (5) Squeeze the remaining salad dressing on the potato salad to decorate, sprinkle the sesame and seaweed on top, and finally use the cucumber slices and small tomatoesMake decoration.

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[Efficacy and role of Yingdan]_ 婴 丹 _Benefits_Inevitable

[Efficacy and role of Yingdan]_ 婴 丹 _Benefits_Inevitable

Many people may not pay much attention to the efficacy value of Baby Dan. In fact, the role of Baby Dan is also better, for example, it can effectively help them sleep, improve night crying or gastrointestinal problems, etc.It can also treat colds and colds.

1. Night cries are easy to panic, and some babies do not sleep well in the middle of the night, and it is easy to wake up and cry. Baoying Dan helps the baby to sleep at night.

2, stomach upset.

Babies sometimes have an upset stomach due to breastfeeding. Baoyingdan can alleviate the symptoms of gastrointestinal upset, and when the baby’s appetite is not good, Baoyingdan can also adjust their appetite.

3. There are many colds and phlegm.

It’s getting colder and colder, and it’s very common for babies to catch colds, and mothers can always have Baoying Dan at home, which has a good effect in treating babies’ colds.

4.Efficacy: Evacuation of the breeze, phlegm and shock, pediatric cold, cold and cold, fever caused by food stagnation and fever, sneezing and runny nose, cough with sputum, gastrointestinal discomfort and night cry, etc.Regardless of diet, sputum, phlegm, stomach, vomiting milk and night cries.

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Satellite Petrochemical (002648) In-Depth Research Report: Polycarbonate integration has set C2 layout to win at cost

Satellite Petrochemical (002648) In-Depth Research Report: Polycarbonate integration has set C2 layout to win at cost

For more than 20 years, Fengfeng Muyu has been an integrated development of the industrial chain.

The company started from commerce and business, and gradually stepped forward. It completed a leap from the Jiaxing base to the Pinghu base. At present, it has formed a C3 integrated layout with a 北京夜生活 90-inch PDH device as the core, followed by the construction of a $ 33.5 billion Lianyungang base.

From the perspective of profit, the company’s core profit comes from the insertion of three-phase conductors made of dehydrogenation, which is essentially a relatively cheap energy arbitrage behavior.

In terms of product structure, the company currently focuses on starch, acrylic acid and esters and is the industry leader in this product. The revenue of these two businesses accounted for 83% in 2018, and the gross profit accounted for 81%. It is a fist product.

  HGL is still old and loose in 2020, and the cost advantage of PDH is solid.

The company’s excess income earned by the industry mainly comes from cheap crystals and crystals on the cost side, so the propylene and propylene obtained by it have a cost advantage of 1,000 yuan / ton relative to external purchase costs.

Therefore, regardless of the prosperity of the downstream industry, as long as the raw material side continues to be loose, the company’s profits are guaranteed.

As it happens, from the supply and demand data of 2020, the short-term supply growth rate in the United States has remained above 15
% compared to 2018, and the net export volume will increase to 370,000 barrels per day in 2020, a 42% increase compared to 2018.The background is bound to continue to be surplus.

Initially, US data shows that the background of high inventory and large output also exists.

According to EIA’s forecast, in 2020, US grain production will further increase to 1.71 million barrels per day, apparent consumption will remain at 920,000 barrels per day, and net exports are expected to increase by 12%.

5%, the overall supply and demand is expected to be loose, and prices will remain low.

  The profitability of the C3 industry chain is stable, and the SAP market has great potential.

The company’s existing business is divided into three main lines of acrylic acid and ester, polymer emulsion and SAP, core extender and starch prepared by dehydrogenation, and its own gross profit is stable.

On the line of acrylic acid and esters, the neutral level of acrylic acid prices fluctuated and tended to be weak, and the gross profit margin was slightly shifted. The conversion project of 36 acrylic acid esters and 36 acrylic acid esters at Dushan Port Base in Pinghu was completed, and the rest increased.

Both the volume and price of polymer emulsions are stable, and the gross profit margin is also stable, which belongs to the cash cow business.

  In terms of production capacity of super absorbent material SAP, the 6-calorie production line has entered the final debugging stage in H2 in 2019, and the company’s SAP production capacity has increased by 67%.

In terms of gross profit margin, benefiting from the increase in the penetration rate of scattered products caused by aging, it has the characteristics of both volume and price.

  Lianyungang can contribute an annual net profit of 3 billion after it is fully put into operation, and the first-phase project accounts for about 50%.

Following the 135 forecast PE, 219 introduction of EOE and 26 index ACN joint plant project capacity planning, assuming medium ethylene consumption ratio / (cyclic carboxylic acid + formaldehyde) = 1: 1, it can be estimated that the project put into production can contribute 3 billion annuallyNet profit after tax (approximately estimated at 15%), that is, one period can contribute 1.5 billion net profit.

  Investment Advice.

We expect the company’s net profit attributable to mother to be 2019-2021 in turn.

500 million.

300 million and 31.

4 megabytes, corresponding to EPS in order of 1.


44 and 2.

95 yuan / share.

According to the evaluation in the past 2 years, the center was given 15 times PE and 21 times.

The target price of 6 yuan / share is covered for the first time and is given a “strong push” rating.

  Risk Warning: Trade conflicts affect cross-border supply.

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Huaxia Happiness (600340) Annual Report Commentary Report: High Performance Growth, Ping An’s Shareholding, Improving Financing Environment

Huaxia Happiness (600340) Annual Report Commentary Report: High Performance Growth, Ping An’s Shareholding, Improving Financing Environment

Event: The company disclosed its 2018 annual report and gradually realized an increase in operating income by 837.

99 ppm, an increase of 40 per year.

52%, net profit attributable to mother was 117.

46 ppm, an increase of 32 in ten years.

88%, the basic profit income is 3.

79 yuan, an annual increase of 32.


High performance growth, sufficient settlement resources The company’s main business is divided into industrial new city business and real estate development business, of which industrial new city business brings income.

67%, an increase of 5 per year.

76%; the company’s operating income increased significantly, mainly due to real estate development business income increased by 78%, while the proportion of eliminated operating income was 62%, mainly due to the company’s real estate development business settlement increased in the current period.

In 2018, the company’s gross profit margin was 41.

62%, down 6 from 2017.

31PCT with a net interest rate of 14.

08%, a decrease of 0 from 2017.


As of the end of 2018, the company’s book advances were 1,375.

1.2 billion, advances / operating income of 164%, sufficient settlement resources.

The initial goal was not achieved, and the rapid growth of offsite replication in 2018, the company achieved 1,627.

61 ppm, an increase of 6 over the same period last year.

93%; the company’s contracted sales area totaled 1,502.

850,000 square meters, an increase of 58% a year.

According to the 2017 annual report of the company, the annual target amount for 2018 is 2100 trillion, but only 77 were actually completed.

51%, nearly 5 for the first time to achieve sales goals.

The remote replication was accelerated in an all-round way, and the income outside Beijing was 257.

07 million yuan, an increase of 82 in ten years.

80%, accounting for the company’s main business operating income ratio from the same period of the previous year23.

72% increased to 30.


Land acquisition measures, the industrial park continued to expand in 2018, the company obtained land use right area of 2,579,158.

07 square meters, a year-on-year decrease of 58%, the total transaction amount of 10,247,174,420 yuan, a continuous decline of 57%, the amount of land acquisition is only 6 of the sales amount.


At the end of 2018, the company’s planned soil storage capacity was approximately 9.17 million square meters, a reduction of at least 7.

21%; unsold area under construction is approximately 4.81 million square meters.

The company additionally signed 18 PPP project cooperation agreements, all of which are outside Beijing.

The overall financial stability is stable, and the short-term debt repayment pressure is small. At the end of 2018, the funds in hand were US $ 47.3 billion, 厦门夜网 a decrease of 30 per year.

58%, covering interest-bearing debt due within one year1.

8 times, short-term debt repayment pressure is small.
Net cash flow from operating activities in 2018 was -74.
2.8 billion, an increase of 8.8 billion compared with 2017.

At the end of 2018, the asset-liability ratio and the asset-liability ratio excluding advance receipts were 86.

65% and 79.

90%, an increase of 5.

55 and 9.


The company’s interest-bearing debts due within one year accounted for 19% of interest-bearing debts from the beginning of the period, and its financial position was at a safer level.

Rising financing costs, Ping An’s increase in holding prospects improves the financing environment In 2018, the company’s financing increased, and the average interest rate decreased by 6.

42%, an increase of 0 from 2017.

44PCT, of which the average interest cost of bank loans6.

15%, the average cost of bonds is 6.

22%, the average interest rate cost of trust, asset management and other financing.

41%, an increase of 0 over 2017.

41, 0.

92, -0.


After Ping An Life took a stake in the company and the company became an important strategic cooperative enterprise of Ping An of China, the company’s financing environment and structure promoted improvement.

Investment suggestion: The company’s performance is high-growth, the growth rate of remote replication is obvious, the sales in non-Beijing-Tianjin-Hebei regions are strong, and the risks in a single region are dispersed, and it continues to benefit from the Beijing-Tianjin-Hebei integration, the construction of characteristic towns, and the Xiong’an New District policies.

The industrial new city model has a breakthrough in capital demand. After Ping An’s shareholding is expected to further improve the financing end, we raised our profit forecast (previous value: the company’s EPS for 18-20 years is expected to be 3).

93, 5.

00, 6.

55 yuan / share, corresponding to the current sustainable PE of 6.

01, 4.

72, 3.

60 times, 6-month target price is 31.

9 yuan).

The company’s EPS is expected to be 5 in 19-20.

16, 7.

05 yuan / share, corresponding to the current sustainable PE of 6.


78 times, with reference to Vanke and Poly’s 19-year forecast PE is 8 respectively.

5 and 7.

Three times, we expect Huaxia Happiness to reach its expectations in 6 months7.

9 times, raise target price to 40.

76 yuan, maintain “Buy” rating.

Risk warning: Strategic cooperation falls short of expectations, sales falls short of expectations, and expected policies exceed expectations

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Depth-Company-Nanjing Bank (601009): Major shareholders increase their holdings, show confidence in development and increase core capital

Depth * Company * Nanjing Bank (601009): Major shareholders increase their holdings and show significant confidence to increase core capital

The Bank of Nanjing announced that it intends to make a non-public offering to four specific investors: BNP Paribas, Zijin Investment, Communications Holdings and Jiangsu Tobacco Company.

9.6 billion shares, the total amount of funds raised does not exceed RMB 14 billion, after deducting related issuance expenses, it will be used to supplement the company’s core tier 1 capital.

Key points supporting the rating Increased holdings by major shareholders demonstrate confidence in development, and regulatory support for bank refinancing has increased.

The difference between the Nanjing Bank’s restarted fixed increase plan and the previous version is mainly reflected in the fixed increase target, and the fixed increase number of shares (not more than 16).

9.6 billion) and the scale of funds raised (14 billion) remain unchanged.

The target of this fixed-income subscription are BNP Paribas, Zijin Investment, Communications Holdings, and Jiangsu Tobacco Company. Compared with the original increase plan, the newly added are BNP Paribas and Jiangsu Tobacco.A large shareholder; Zijin Investment (the second largest shareholder) and Communications Holdings still participate in the fixed increase; the original Nanjing Hi-Tech, Taiping Life and Phoenix Life did not participate in the fixed increase.

Through this fixed increase, BNP Paribas (including QFII) and Zijin Investment each hold 13 shares.

7%, 12.

3% (15 before fixed increase).

0%, 12.

4%), Transportation Holding, Jiangsu Tobacco will hold Bank of Nanjing10.

0%, 3.

57% of the shares.

The participation of the company’s largest shareholder in the resumption of the company’s fixed-income increase demonstrates its optimism about the company’s future long-term development space and strengthens market confidence.

In 2018, the Bank of Nanjing’s fixed increase plan was not approved, but since 19 years, regulators’ support for refinancing in banks has increased, which is conducive to the company’s capital replenishment work.

We will increase core capital to ensure the 北京桑拿洗浴保健 stability of profitability.

In the short term, the company’s EPS for 2019/2020 will be diluted to 1 after the completion of the fixed increase.


47 yuan (was 1).


76 yuan); BVPS will be diluted to 8.


49 yuan (was 8).


74 yuan), ROE will be diluted to 16.

5% / 16.

2% (was 18).

1% / 19.


However, in the medium and long term, the fixed increase will further strengthen the company’s core capital. According to static calculations, the company’s core tier 1 capital adequacy ratio will increase by 1.

66 averages to 10.


We believe that the completion of the fixed increase will help increase the freedom of the company’s assets and ensure the stability of medium- and long-term profitability.

It is estimated that we maintain the company’s 19/20 EPS to 1.


The profit forecast of 76 yuan corresponds to a growth rate of 16.

5% / 15.

9%, the current company corresponding to 19/20 PB is 0.92x / 0.

83x, to determine the scale of business development space after landing and maintain the level of holdings.

The main risks to the rating are lower than expected.

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Sleeping for 5 minutes is equivalent to 6 hours?

Sleeping for 5 minutes is equivalent to 6 hours?

Tips for sleeping According to medicine and my experience, it is observed that a person can only fall asleep for up to two hours, and the rest is a waste of time, lying on a pillow and dreaming, and no one does not dream.

When he woke up and felt like he wasn’t dreaming, it was because he forgot.

  Usually one person sleeps for two hours. Why would anyone sleep seven hours long?

That’s formed by your habit of lying on the bed and resting on a pillow. It’s not that we need that long sleep time, especially those who meditate and do kung fu know that as long as you close your eyes for three minutes at noon, you will sleep for two hours.But be good about noon time.

At night, you should fall asleep at the positron. Five minutes equals six hours.

  The knowledge at this time is great, and it has something to do with the laws of the universe, the laws of the earth, and the principles of the yin and yang of the Yijing, and you will feel that under the heart, a series of force drops down and merges with the power of Dan Tian (on the kidney)The so-called “water and fire help”, all of a sudden, then you have enough sleep and a hundred times more energy.

  So insomnia or those who really want to stay up late at night, at the moment of the positivity, they must sleep even if they are not twenty minutes, and they must train themselves to fall asleep.

After about twelve-thirty after the mascot, you won’t want to sleep anymore, which is bad.

More seriously, at dawn, at four or five o’clock, five or six o’clock, you are too sleepy to sleep, and if you sleep at this time, you will lose your head all day.

  So those who want to stay up all night and work in the army, when they are right, have to set down even if there is a big thing, sleep it for half an hour, and when they want to sleep, do not sleep, that day is enough.

However, people who suffer from insomnia have suffered twelve o’clock, and they can’t fall asleep over and over in bed. As a result, they fall asleep soon, and become dizzy the next afternoon, so you will feel insomnia and lack of sleep. Actually you have no experience.

  Sleep and health I. The rules of sleep. The famous doctor Wen Zhizhi split the king in the Warring States Period. “My health regime puts sleep first. Humans and animals grow only when they sleep. Sleep helps the spleen and stomach digest food, so sleepIt is the first tonic for health. If a person does not sleep one night, it is difficult to recover from a loss of one hundred days.

“Effective sleep time is from 21 pm to 5 am.

Humans are animals and belong to the same genus of plants. They generate energy during the day (5am to 21:00 pm), and begin cell division at night (21am to 5am) to convert energy into new cells, which is the rest of human cells.Introducing new time is also the time when people rotate through the earth to the side facing away from the sun.

Yinzhujing is a good time for a person to sleep, then rest, and then they will have a good physical and mental state.

This is the same reason that a baby who sleeps a lot can grow fat and grow fast, but the child who likes to be troublesome is stunted.

  Sleeping is a major function of health. Keeping up is to replace corrupt cells with a large number of healthy cells. If you cannot sleep overnight, you cannot replace new cells.

If one million cells die out during the day, and only 500,000 cells are replenished in one night, then your body will be in deficit, and after a long time, people will become bran, like bran radish.

Why are there centenarians in the world?

Because they sleep on time at 21 o’clock every night.

Plants absorb the energy of sunlight and grow at night, so the sound of joints can be heard in rural crops at night.

Humans and plants belong to the same organism, and the time period for cell division is roughly the same. If you miss the good nights when you sleep, the new cells will not catch up with death, and people will prematurely age or become sick.Wake up when I wake up, sleep when I sleep.

People are as small as a dust in front of the sun, and “opposing the sun” is a foolish choice, and sooner or later will be crushed by the sun’s huge gravity.

This is objective truth.

  In real life, many people have difficulty falling asleep and have poor sleep quality.

Poor sleep is a comprehensive problem, such as excessive liver fire, alertness to sleep; excessive stomach fire, disturbed sleep; insufficient liver yin, tired sleep.

  Second, sleep and disease Modern lifestyles and lifestyles have brought many consequences to people’s bodies and affected the formation of the “four major diseases”: fruit disease, refrigerator disease, television computer disease, stay up late.

Some characteristics of the liver: lying back to return blood, sitting excess blood supply.

  Childhood (23: 00-1: 00), in fact, 23 o’clock is the beginning of a new day, not 0 o’clock, this is a misunderstanding we made.

The liver and gallbladder look like each other, and the bile is opened at 23 o’clock. If you don’t sleep, you will have a bad gall bladder. As the eleven organs all have the same gall bladder, the gall bladder is depleted, the organs in the whole body are reduced in function, metabolic power, and immunity are reduced.The function of the human body is greatly reduced. Bile gas supports the central nervous system. Bile gas injuries are susceptible to various mental illnesses, depression, schizophrenia, obsessive-compulsive disorder, restlessness, etc.

The bile needs to be replaced when the child is born. If the bile is getting stronger, if the bile is not lying, the bile replacement is unfavorable. If it is too thick and crystallizes, it will form gallstones.It has dropped by more than 50%, so it can’t be picked. It has to be used with its huge potential.

  When the ugly, the liver meridian is the most prosperous. When the ugly (1: 00-3: 00) is not sleeping, the liver cannot release the toxic substances and produce fresh blood. Because the blood is not good, the face is blue.Not very good, especially in Europe, there are 4 big Sanyangs or 4 small Sanyangs on average for 4 people, most of which are caused by not going to sleep when the child is violated.

Hepatitis A is easier to treat, but hepatitis B is difficult to treat.

Hepatitis B virus carriers, because they often do not sleep at night, people are too weak, resulting in too much tandem, the virus has reached the cells.

That is to say, the hepatitis B virus has entered the cells, but it is not yet capable of causing hepatitis. When the human body is at its weakest, it forms hepatitis. Hepatitis B means 40% -60% of cirrhosis in the future.

Smart people should understand the relationship between heaven, earth, and people, and unwise people should be eliminated.

  How much does rubbish sleep cause to the liver?

  Liver draining, not sleeping during childbirth, can lead to adverse liver draining, liver qi stagnation, irritability, headache, dizziness, redness, eye pain, tinnitus, deafness, thoracic rib pain, irregular menstruation, constipation, alsoCan cause insufficient liver gas, hair loss, dizziness, insomnia, consternation, nervousness, paralysis fainted on the street, unconscious.  The liver has blood storage and regulates the blood’s function. If you don’t sleep when you are asleep, it will cause insufficient blood in the liver, which will cause bleeding symptoms such as vomiting, nosebleeds, subcutaneous bleeding, bleeding gums, bleeding from the fundus, and ear bleeding.

  The liver is open to the eye, and it is easy to cause liver deficiency if you do not sleep when you pass the child’s eye, and symptoms such as blurred vision, presbyopia, night blindness, photophobia, tears in the wind, and other symptoms gradually develop glaucoma, cataracts, fundus arteriosclerosis, and retinopathy.
  The main tendon of the liver is in the claws. If you do not sleep when you are asleep, it will cause insufficient blood in the liver, which will cause muscle pain, numbness, difficulty in flexion and extension, smoking during fracture healing, easy to cause onychomycosis, calcium deficiency, patellar softening, epilepsy, and bone quality.Loose embolism.

  Liver and heart, not sleeping when passing through, can cause liver blood deficiency. Due to the blood of the heart, the liver has the function of storing and regulating blood, which can cause insufficient blood supply to the heart, causing symptoms such as palpitation and tremor, and severely forming the heart.Disease, hypertension and other cardiovascular and cerebrovascular diseases.

  Liver and spleen, do not sleep when passing through, can cause liver and stomach discomfort, because the liver helps the spleen and stomach digestion, because the liver is too weak to help the spleen and stomach digestion, making people with poor spleen and stomach digestive function, manifested by thick tongue coating, which will cause long-termQi collapses.

  Liver and lung, do not sleep during childbirth, cannot nourish yin and yang, twist the liver and yin, cause liver fire to overburn the lungs, dry cough, or cough, sputum and other wood fire punishment, easily lead to psoriasis and otherskin disease.

  Liver and kidney, do not sleep during childbirth, kidney deficiency caused by liver deficiency, liver and kidney cancer, easily cause diseases of reproductive system, infertility, bone disease, dental disease, hair loss, diabetes, kidney failure and other diseases.

  Third, the method of sleep traffic rules-you do not understand it is prone to accidents.

For example, from 23 to 3 am, when the bile and liver meridians are most active, the liver and gallbladder will return blood, “lie down and return to blood, stand up and supply blood.”

If you lie down at around 22 o’clock every night, you are so quiet that you don’t talk. By 23 o’clock, you fall asleep.

The liver and gallbladder began to return blood, and the toxic blood was filtered out to produce fresh blood. By the age of one hundred, there were no gallstones, hepatitis, and cysts.

If you stay up late every day until 1 o’clock, the liver can’t return blood, the toxic blood can’t be drained, the fresh blood can’t be produced, and the bile can’t change bile, so these people are prone to gallstones, cysts, big Sanyang, and small Sanyang.Kinds of reasons.

  In Europe, an average of four people have one carrier of hepatitis virus, which is called ruleless.

It is best not to speak for half an hour before going to bed, and not to talk when sleeping. For example, the lungs move, and then the heart moves again (because the heart and lungs are on the top of the focus), people will easily enter the state of excitement, so it is difficult to fall asleep.

  21: 00-23: 00 is Hai.

At this time, San Jiao Jing Wang, San Jiao through a hundred pulses.

Sleeping at Hai Shi, all the pulses have to be supported, so the common characteristic of centenarians is to fall asleep before 21:00 (Hishi).

If women want to keep their good looks for a long time, they should go to bed early and early.

  You have to close the window to sleep, you ca n’t turn on the fan, you ca n’t turn on the air conditioner. Many of your illnesses are here, because during sleep, the blood and blood flow slowly, and the temperature drops. The body will form a layer of yang on the surface.It makes people call “ghost charm not to invade.” What does it mean, a person who is full of yang and does not have nightmares is the yang that prevails.

If you turn on the air conditioner and the fan, the situation will be different. If you open the window, the window will be windy, and the wind will be tendons. If you turn on the air conditioner, there will also be wind, wind and tendons, and cold bones.Yellow, the tendon at the back of the neck is hard, and the joints are sore. Some people even start to have a fever. This is why the wind and cold penetrated into the tendons and bones. This is also the gas injury.

If you do not open the window at night, do not turn on the air conditioner, do not turn on the fan, and even close the door, the effect is the best. If it is hot, open the door and close the window, the effect is worse, but he is not the secondI woke up every morning with a stiff back.

  Someone turned on the air conditioner in the living room, and opened the bedroom door, which is similar to directly turning on the air conditioner to sleep. After turning on the air conditioner, the air conditioner got cold, so my heart became cold, where was my heart, and my heart was in my brain.The brain is a sea of cones, and there is cold in the bone marrow. It must be cold in my heart. What should I do to replenish the kidney yang and fill the qi? When the heart is not cold, the fever will retreat and the cold will go out.

Try to sleep early and sleep late, hurting the energy of Shaoyang. The next day is bound to be tired and weak. You must close the windows without turning on the air conditioners and fans to protect the yang.

  Liver and gallbladder are under focus. If there is a stomach problem, he will feel restless. One is cold. If this person has insufficient stomach yang, if he drinks too much green tea, he will have cold stomach.I ca n’t sleep well, or I ‘m eating too much stuff with sand, and my stomach is cold, so I ‘m sure that I ‘m not sleeping well; Another is stomach heat, which means that the hot air goes up, and the mouth is full of hot air, like thisIn this case, I can’t sleep well; the other is dry stomach, dry mouth, and dryness in the stomach; the other is thick stomach, smell of smell, thick stomach.Taste, some people eat seafood, fish, stewed chicken, delicious and delicious, eat too much, not delicious, these things have to restore it in it, do not replace it, it tastes too thick in it, so this can not sleepGood sleep; I have another belly that is bulging, and I ca n’t sleep, and I ca n’t sleep over and over again; another is that my stomach is too weak, and I have cold sweats, and I ca n’t sleep well. These reasons may cause upset stomach., The stomach is restless and sleep well.

  Keep your limbs warm while you sleep, because your limbs are the source of the sun. Everyone knows that if your limbs are not warm, you must have insufficient kidney yang. You should warm your hands and feet before going to bed.They must be covered.

  Sleeping methods vary from person to person. Here are three ways: 1.

Simply press your legs before going to bed, then sit on the bed naturally, cross your hands on your legs, breathe naturally, and feel that the pores of your whole body are combined with your breath. If you can yawn with tears, it will work best.


Lie on your back and breathe naturally, feeling like a spring breeze, melting the big toes first, then the other toes, then the feet, calves, and thighs gradually melting.

If you never wake up, do it from scratch.


Those who fall asleep fast can lie on their right side with their right palms resting on their right ears.

The heart of the right palm is fire, and the ears are water.

Over time, nourishing the heart and nourishing the kidneys.

  Sleep must get up early, even in winter, you can’t get up at 6 o’clock, try to get up before 5 o’clock in spring, summer, and autumn, because people get up during Yin Shi (3-5 o’clock) when their lungs are strong, which can make the lungs stretch.In order to fulfill the metabolism of yang, complete metabolism, reduce turbid qi, and clear lung qi. This helps to raise lungs and raise the body’s yang in accordance with the sun’s celestial power, so that one day has sufficient yang, otherwise,Just like the engine, after this good time, it is difficult to start the human body yang. The human body yang is deposited in the lower part of the human body and cannot be lifted up by the life gate.

  From 5 to 7 in the morning, when the human large intestine is at its peak, the human body needs to transfer the metabolized turbid material to the body. At this time, if the patient does not get up, the large intestine cannot fully move, and the turbidity function cannot be completed well.It stays and forms toxins, which endangers human blood and internal organs.

From 7 to 9 in the morning, the human stomach is most prosperous, and from 9 to 11 am, the human spleen is the most prosperous. At this time, the human’s ability to digest, absorb, and transport is the best. If you ca n’t get up at this time, human gastric acid will seriously corrode the gastric mucosa.The human body can’t get nutrition at the optimal absorption time, and will suffer from spleen and stomach diseases for a long time, causing malnutrition and collapse of gas.

So do n’t go to bed. Laying on the bed can cause dizziness, tiredness, and lack of sleep. Instead, you should get up on time. Many great people in history have the habit of getting up at three or four o’clock, causing Washington, Napoleon, and Emperor Kangxi.Zeng Guofan and others.

In addition, getting up early can increase work efficiency, as the saying goes: “Get up early in three days and work one day.”

  Modern medicine proves that people who go to bed early and get up early have less mental stress and are less susceptible to mental illness.Don’t go out for exercise early in the morning, because in the morning before the sun comes out, the Zhangqi and turbid gas in the underground tunnel are going up (especially in the city). These gases are very harmful to the human body.

  Three main things to keep in mind, one sleep, two conveniences, three diets, the rest of life, clothing and so on are all auxiliary.

  Sleep first among three things.

However, those who are dissatisfied with the stomach are disturbed at night, so the convenience of communication is the second.

Those who have an unhealthy diet and are overly hungry will suffer gastrointestinal injuries and diminish their nutrition.

Sleeping is based on soothing spirit, and God is based on peace of mind. It should be compatible with age. You can reach the maximum age of seven to eight hours when you are asleep.It is enough to be old or sick for up to six hours.

  Warnings for diseases that cannot be ignored in sleep should be noted: (1) It is recommended to go to bed early and not past ten o’clock. The elderly take eight o’clock as positive, and never go past nine o’clock.

At 11 o’clock, when the sun is born, it belongs to the kidney. At this time, insomnia, the kidney water will be deficient, the heart and kidneys will be connected, and the water deficiencies will be prosperous.

Don’t help with sleep rehabilitation.

  (2) Don’t think about calculating the future on the pillow. When you sleep, don’t think about everything. Mix your nose and breathe. Listen to the breath by yourself, from thick and thin to fine and fine.

Think of this body as nothing, or as sugar in the water, and vanish into nothingness, and naturally fall asleep.

  (3) If you can’t keep your mind in mind, don’t turn your side on your pillow. This is the most consuming, you can sit up and sleep for a while.

  (4) If at noon, that is, from 11 am to 1 am, it is a time when it is overcast, and if you ca n’t sleep at this time, you can sit still for a quarter of an hour and close your eyes and keep your spirits strong.

Those who have heart disease should pay attention, and pay attention every day at this time, then the vitality will be stronger, no heartbeat, diarrhea or frequent urination.

  (5) It should be early in summer and late in winter.

If you live in the north, you should prevent colds. For example, in Guangdong and Guangxi provinces, you should get up early to prevent mountain sickness.

Don’t sleep on your back after eating, get up early from 3 to 5 o’clock in Yinyin, at this time do not be depressed, anger will damage the lungs and liver, look forward to it.

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