Sanqi Mutual Entertainment (002555): Share repurchases used for employee motivation to demonstrate team confidence

Sanqi Mutual Entertainment (002555): Share repurchases used for employee motivation to demonstrate team confidence

Events: 1. The company announced that the third phase of the employee shareholding plan (draft), the number of employees participating in not more than 400 people, including Dong Jiangao (excluding independent directors) 7 people.

The repurchased shares of the company headquarters will be transferred to the employee stock ownership plan at a total price of 22.35 million shares (accounting for 1.


2. The company announced that Tibet Taifu, the subsidiary, intends to use its own funds to contribute no more than 15 million yuan. It will co-sponsor the establishment of a science and technology innovation company with Guangzhou Science and Technology Development Co., Ltd. (Guangzhou is the first state-owned capital operation company) and other institutions.Issuing funds, the total fund subscription scale does not exceed 100 million.

Comments: 1. The company will use the repurchased shares for employee incentives, which will help stimulate employee motivation, improve operating efficiency, and demonstrate team confidence.

During the period from April 11, 2019 to May 7, 2019, the company repurchased 22.35 million shares by concentrated bidding, accounting for 1 of the company’s total share capital.

05%, the transaction price of 12.


02 yuan / share, pay the total amount of 3.

20,000 yuan (excluding transaction costs).

The employee shareholding plan has a duration of 4 years. It will be unlocked in stages (30% / 30% / 40%) one year after the transfer of the last listed share price.

Performance appraisal target (net profit is the net profit attributable to the mother, and does not include the share payment expenses generated by the employee shareholding plan): net profit of not less than 1.5 billion in 2019, gradually net profit of no less than 3.2 billion in 2019-2020, cumulative in 2019-2021Net profit is not less than 52 trillion, corresponding to an average annual growth rate of 15.


Share-based payment expenses (estimated value): RMB 8807/13085/6291/2013 yuan from 2019 to 2022, totaling 3.

20,000 yuan.

2. The company integrates research and operation and builds a new idea of systematic traffic management of “three-dimensional marketing + precision promotion + long-term service”, high integration + higher success rate, and the business has steadily advanced in 19 years.

The company is market-oriented, 苏州桑拿网 product R & D and operation promote each other, effectively balance the purchase cost and user value, and the domestic mobile game market share has increased against the market: 3% in 2017/6% in 18/9% in the first quarter of 19New travels such as “One Blade” and “Douluo” have performed well. It is expected to launch key self-developed mobile games such as “The Elf Festival” (miracle replacement) in the summer of 19 years, and accelerate the deployment.

The company estimates that its net profit attributable to its mothers will be RMB 9 billion to RMB 1 billion (YOY12.

31% -24.

78%), corresponding to net profit attributable to mothers in 19Q24.


4.6 billion (YOY14% -39%, QOQ-2% to + 20%).

3. Profit forecast and investment grade: We estimate that the company’s net profit attributable to its mother in 2019-2021 南宁桑拿 will be 18 respectively.



40,000 yuan, the corresponding EPS is 0.



13 yuan, corresponding to the current PE is 15/13 / 11X, maintaining the “recommended” level.

Risk reminders: policy risks in the gaming industry, increased competition in the industry, the life cycle of old products is less than expected, new product launch progress and market performance are less than expected, user acquisition costs and IP copyright prices are further increased, core talent is lost, player preferences are changed, new technologiesThe change was less than expected, corporate governance structure risks, lifting the ban and reducing risks, market style switching, etc.

Antu Bio (603658) Annual Report Comments: Steady Growth in Performance and Continuous High Growth

Antu Bio (603658) Annual Report Comments: Steady Growth in Performance and Continuous High Growth

Event: On March 27, the company released the 2018 annual report performance: realized operating income 19.

30 ppm, an increase of 37 in ten years.

82%; realized net profit attributable to mother 5.

63 ppm, an increase of 25 in ten years.

98%; realized expected return1.

34 yuan, an annual increase of 26.


The deduction of non-profit growth accelerated, the growth of the light-emitting business continued to grow at a high rate, the company’s revenue continued to grow rapidly, the overall cost was well controlled, the sales expense ratio changed slightly, and the management expense rate (including research and development) increased by 1 percentage point to achieve non-net profit.Is 5.

35 ppm, an increase of 29 in ten years.

17%, compared with 25 in 2016.

89% in March 2017.

The 59% acceleration was mainly due to the continued high growth of the core product luminescence business. Among them, the magnetic particle luminescence reagent increased by more than 45%, the installed capacity was increased by more than 900 units, and gradually exceeded 3100 units. Through the launch of the assembly line and 100-speed instruments, the luminescence reagentIt is expected to continue to maintain rapid growth.

The R & D expansion continued to increase, and the leading position in product layout was significant. From 2016 to 2018, the company continued to expand its R & D promotion efforts, with R & D expenses of 2, and 1, respectively.

04, 1.

48 and 2.

170,000 yuan, the cost is 10.

60%, 10.

54%, 11.

twenty three%.

In 2018, we have introduced 武汉夜网论坛 assembly lines, microbial mass spectrometry, and 100-speed luminous instruments.

From the perspective of business layout, the company has significant competitive advantages. Its products cover the fields of biochemistry, immunity, microorganisms, and laboratory services. The layout of products such as assembly lines and mass spectrometers is at the forefront of the industry.

The company continued to penetrate the high-end market, with overseas deployment efforts. By the end of 2018, the company’s products had entered 5,000 terminals of secondary hospitals and above, including 1503 tertiary hospitals, accounting for more than 60% of the national tertiary hospitals.
At the same time, the company actively participated in AACC, Medica and other international exhibitions, and overseas business began to exert its strength. In 成都桑拿网 2018, export revenue was 29.2 million yuan, an increase of 41.


Profit forecast and investment recommendations
The EPS in 2021 will be 1.

75, 2.

27, 2.

94 yuan, corresponding to 2019?
PE in 2021 is 38, 29, and 23 times, respectively, maintaining the company’s “overweight” rating.

Risk Warning: The installation of chemiluminometer is less than expected; the assembly line and mass spectrometry promotion are lower than expected.

Resumption of trading continued to be stuck by 4 drop limit supplemental agencies -ST 华 泽

Resumption of trading was “trapped” by 4 drop limit supplementary agencies * ST Huaze

Every time reporter Xie Hongchen and every editor Chen Junjie March 21st, * ST Huaze shares resume trading after more than 2 years of suspension.

Until March 26, * ST Huaze’s expectation is that there will be a “one” daily limit.

According to the expectations of the China Merchants Fund Company, it is 0.

55 yuan, * ST Huaze still has to walk on the road for a long time.

  * ST Huaze’s “message” will inevitably affect the wealth of investors, and many of them are institutional investors, such as China Merchants Fund, Southern Fund and other subordinate funds.

  In addition, reporters from the “Daily Economic News” also combed and found that * ST Huaze actual controllers Wang Hui and Wang Tao in 2014?
In 2015, almost all of its holdings were pledged to securities dealers, banks and other institutions, and all these shares have been judicially frozen.

  Consolidated fund company “stepping on the thunder” * ST Huaze’s 2017 third quarterly report shows that two fund companies’ funds are among the top ten shareholders of tradable shares of the company.

Among them, the CSI 500 trading open-ended index securities investment fund holds 1.39 million shares, and the Chinese business smart life flexible configuration hybrid securities investment fund holds 1 million shares.

  On February 2nd, China Merchants Fund announced that starting from February 1st, 2018, the * ST Huaze stocks of the company’s subsidiary fund holders were further estimated and adjusted, and the adjusted valuation price was 0.

55 yuan or more.

On January 5th, the China Merchants Fund reduced the valuation of * ST Huaze stock to 6.

25 yuan.

  On February 3, three fund companies, Yinhua, Penghua and Dacheng, also announced that they would reduce the * ST Huaze exchange for holders of sub-funds.

At the end of January, China Merchants Fund lowered its ST Huaze estimates.

So far, 5 public fundraising funds have taken the action of reducing * ST Huaze’s estimate.

  ”Daily Economic News” reporter noted that on February 29, 2016, * ST Huaze closed at 12.

5 yuan, if the return of the Chinese business fund 0.

Calculated at 55 yuan / share, it may experience 61 daily limit, surpassing the ST insurance miles (29 daily limit) of the longest consecutive daily limit of A shares.

  The institutional investors dragged down by * ST Huaze are more than the above five.

Oriental Fortune Choice According to the quarterly report of fund companies, as of the end of 2017, there were a total of 17 fund holders * ST Huaze 3.45 million shares, of which there are many holdings of Xincheng CSI 800 Nonferrous Index-rated securities investment funds (twenty three.

450,000 shares), Castrol CSI 500 Trading Open Index Securities Investment Fund (5.

590,000 shares), Tianhong CSI 500 Index-type sponsored securities investment fund (4.


In addition, SDIC UBS Securities Investment Fund, Minsheng Bank of Canada Securities Investment Fund, Nuoan Securities Securities Investment Fund, Agricultural Bank of China Securities Management Investment Fund, etc. all hold * ST Huaze Stock.

  If the above-mentioned fund companies have difficulty holding shares in a short period of time, what is the impact of these two corresponding fund assessments?

  A staff member of the Southern Fund told the reporter of the Daily Economic News that according to the CSI 500 trading open-end index securities investment fund’s 2017 fourth quarter report, the fair value of ST Huaze’s stock at that time accounted for 0 of the net asset value.

At 09%, the fund’s products are index-based, passively tracking the CSI 500 Index. The fund’s share of stocks is not high when allocating a single stock, so the impact on the overall fund is relatively limited.

  Staff from the China Merchants Fund also made similar statements.

The above-mentioned total funds also said that the current operation of holding * ST Huaze stocks is only controlled by the fund manager, and the outside world would like to know the investment situation of this part of the fund’s quarterly report disclosure.

  The number of shareholders has increased significantly during the suspension period * ST Huaze has been suspended from March 2016. Although the suspension is in progress, the number of shareholders has been increasing.

  A reporter from “Daily Economic News” calculated all regular reports from ST Huaze since the first quarter of 2016. The total number of shareholders of its common stock increased from 51,818 at the end of March 2016 to 65,669 at the end of September 2017, an increase of 26.


Among them, the total number of shareholders at the end of the second quarter of 2016 was 60979, the total number of shareholders at the end of the third quarter was 61020, and the total number of shareholders at the end of the year was 61063.

The total number of shareholders at the end of the first quarter of 2017 was 61,126, the total number of shareholders at the end of the second quarter was 65,670, and the total number of shareholders at the end of the third quarter was 65,669.

  Why has the number of company shareholders been rising?

A listed company source told reporters that the reason behind is only clear to listed companies, but this is not surprising.

Its valuation states that if the personal financing account expires during the suspension period of the listed company and the price is lower than the financing price, the securities company will forcibly close the position. After the liquidation, the securities company will recover the stock to the account under the securities company.Causes the number of shareholders of listed companies to increase.
  The person also said that non-auction transaction transfers during the suspension may also cause an increase in the number of shareholders of listed companies.
  * ST Huaze’s former executive Li Ming told reporters that too many investors held * ST Huaze stocks through financing and securities lending. This part of the pressure is very high.

  * ST Huaze’s 2017 third quarter report revealed that shareholders’ participation in margin financing and securities lending business showed that the company’s shareholder Hong Qiuting held 0 shares through ordinary securities account holders and 5.37 million shares through investor credit accounts.Chengdu Zhongyi Industrial Investment Development Co., Ltd. holds 0 shares through ordinary securities account holders and 4天津夜网.61 million shares through investor credit accounts, which actually holds a total of 4.61 million shares.

  On March 26, the reporter called * ST Huaze on this issue, but contacted anyway to get a response.

  The actual controller of the nearly 200 million shares pledged by some securities firms and banks may be damaged due to * ST Huaze.

  * ST Huaze’s first and second largest shareholders, Wang Hui and Wang Tao, have been holding shares for pledge financing since May 2014.

May of that year?
In July, Wang Hui pledged 30 million shares, 45.44 million shares, and 6.6 million shares of its limited shares outstanding to Northeast Securities, Soochow Securities, and Huarong Securities.

On September 10, 2015, * ST Huaze announced that Wang Hui once again pledged stocks to Baoshang Bank.

As of the date of the announcement, the cumulative number of shares in which Wang Hui was pledged was approximately 1.

07 billion shares, accounting for 99 of the total number of shares held by the company.

At 998%, Wang Tao’s pledged shares totaled 84.18 million shares, accounting for 99 of the total number of shares held by his company.


  ”Daily Economic News” reporter combed, Wang Tao’s shares were pledged to Pacific Securities, Wanlian Securities, Huarong Securities, Shenyin Wanguo and Baoshang Bank.

* ST Huaze’s 2017 third quarter report shows that Wang Hui and Wang Tao each hold company shares1.

07 billion shares, 84.19 million shares, and all of them are in (judicial) freeze.

  Li Ming said that their (Wang Hui and Wang Tao) equity have been pledged to institutions, and more than 2 billion yuan have been loaned from the institutions.

  Under the current pledge and freeze at the same time, can this part of the pledge loan be repaid in full?

  Lawyer Wang Zhibin of Shanghai Minglun Law Firm told reporters that equity pledge is equivalent to a guarantee. If this part of the creditor’s rights is confirmed through judicial procedures in the future, the pledgee (brokers and banks) can apply for priority compensation of their equity.Judicial auctions, direct sale, assessment of debts and so on.

Sufficient debt settlement depends on whether the equity value is sufficient to cover the debt.

  Wang Zhibin also pointed out that if the pledged property (stock) depreciates, the risk is borne by the pledgee, and this part of the gap cannot be compensated preferentially and can only be implemented from other properties.

In other words, securities companies and banks have the right to seek compensation from listed companies, but they cannot give priority to compensation.

If a listed company has assets, it will be returned. If there are no assets or it is bankrupt, this part may be bad debts.

  On March 26, the reporter of “Daily Economic News” called the Northeast Securities, Pacific Securities and other companies’ directors and secretaries to inquire about the relevant situation, but their staff members said that they did not know the relevant situation in relation to specific business.

Jidong Cement (000401) Annual Report 2018 Review: Reorganization Completes New Start, Focuses on Regional Infrastructure Project Progress

Jidong Cement (000401) Annual Report 2018 Review: Reorganization Completes New Start, Focuses on Regional Infrastructure Project Progress

Revenue growth 22.

57%, net profit attributable to mother increased by 194.

09%, planned to send 10 yuan 4 yuan in 2018 the company realized operating income of 308.

4.9 billion US dollars, the same caliber (the same below) to achieve annual growth of 22.

57%, net profit attributable to mothers14.

830,000 yuan, an increase of 194 in ten years.

09%, net of non-attributed net profit11.

950,000 yuan, an increase of 1378 in ten years.

60%, EPS is 1.

101 yuan / share, and plans to send 10 yuan 4 yuan (including tax), in line with combat performance notice.

The substantial growth of the company’s performance was mainly due to the rise in the volume and price of cement clinker, and the establishment of a joint venture with Jinyu Group to consolidate the balance sheet.

Optimization of profitability, substantial increase in cash flow The company sold cement clinker title of 9664 in 2018, a longer growth under the same caliber5.

At 6%, we estimate the long-term cement clinker ton revenue, ton cost and ton gross profit to be 290.

8 yuan, 201.

5 yuan and 61.

1 yuan, an increase of 15 over 2017.

7 yuan, 12.

7 yuan and 3 yuan, of which the increase in ton cost is mainly due to the increase in raw material prices and labor costs.

The company’s gross profit margins for cement and clinker businesses were 32.

13% and 20.

56%, an increase of 3 per year.

33pct and 1.

21 points.

Benefiting from the company’s revenue growth and the increase in cash inclusion ratio, the operating net 西安耍耍网 cash flow in 2018 reached 65.

31 billion, an increase of 85 previously.


The regional structure has improved, and the industry is stronger than the whole country. With the completion of the asset reorganization with the indirect shareholder Jinye Group, the company’s controlled cement capacity has reached.

700 million tons, clinker production capacity reached 1.

1.7 billion, with a market share of more than 50% in the Beijing-Tianjin-Hebei region, becoming the third largest cement manufacturing company in North China and Beijing-Tianjin-Hebei. The difference between ownership and ownership has further increased, and the market voice has been further enhanced.

On the demand side, the demand in North China has gradually improved since the fourth quarter of last year, and the growth rate of infrastructure investment 重庆耍耍网 in Beijing-Tianjin-Hebei region has gradually increased to -1.

33%, 27 units higher than last year’s lowest point, cement demand increased by 4%.

15%, ranking first in the seven major regions of the country, higher than the national cement demand growth rate of 3%.

In the form of better supply and demand, cement prices in North China have remained stable since the off-season in the second half of last year, and there has been a noticeable decline. Inventory levels are lower than the country.Nationwide.

Pay attention to the advancement of regional infrastructure projects and continue to give a “Buy” rating.

With the advancement of the shortcomings of infrastructure construction, the integration of Beijing-Tianjin-Hebei and the construction of Xiong’an New District, the demand for regional cement continues to increase.

As a leading cement company in North China, the company won the first bid for the construction of Xiong’an New Area in 2019, and actively supports the construction of Xiong’an New Area. We expect the EPS to be 1 in 19-21.


73/1.90 yuan / share, the corresponding PE is 13.



5x, continue to give a “Buy” rating.

Risk warning: Regional infrastructure investment projects are progressing less than expected; on the supply side, strict environmental protection controls exceed expectations.

A shares detonated three times: Musk concept stocks formally established today

A shares detonated three times: Musk concept stocks formally established today

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

  Source: In the recent A-share market of Caitong News Agency, in addition to some sectors that have risen due to the epidemic, another big hit is “Iron Man” Musk.

Last week, soaring Tesla joints drove the new energy vehicle stocks in the A-share market soaring; since then, StarChain plans to add another fire to the satellite navigation sector.

Recently, Musk’s tweet about the solar roof once again made the photovoltaic solar panel rise.

  Today, the photovoltaic concept stocks of both A shares and Hong Kong stocks rose sharply.

The A-share photovoltaic index rose 6%, and within the sector, there were nearly 20 stocks such as Rixin Energy, Jiawei Xinneng, Yijing Optoelectronics (right protection), Aikang Technology, and Tongwei.

Hong Kong stocks Follett Glass and Xinyi Solar both hit record highs. GCL-Poly Energy recorded a cumulative increase of more than 33% over the two trading days.

  Stocks in the photovoltaic sector, such as Tongwei Co., Ltd., and other stocks set off and stopped rising on Wednesday (February 12). The Shanghai and Shenzhen stock indexes fluctuated in a narrow range in the morning and rose sharply in the afternoon.

At the close, the Shanghai Index rose 0.

87% stood at 2,900 points, and the Shenzhen Component Index rose 1.

6%, GEM Index rose sharply 2.


  From the surface of the disk, the photovoltaic sector has a unique composition, and concept stocks have risen and stopped.

The final close, the photovoltaic index rose by 6.


  Within the sector, 51 companies increased while only 2 companies declined.

Including the daily limit of close to 20 stocks, such as Tuori Xinneng, Jiawei Xinneng, Yijing Optoelectronics, Aikang Technology, and Tongwei.

  In the Hong Kong stock market, Follett Glass rose nearly 11%, a record high; Xinyi Solar Energy rose 6.

15%, a record high.

The most powerful one is GCL-Poly Energy, which has also increased by more than 10% today. It just soared 21% yesterday, and gradually increased by more than 33% in two trading days.

  Regarding today’s photovoltaic system, the global system is generally considered to be related to Tesla, Tongwei Group and recent photovoltaic policies.

  Tesla CEO Musk tweeted on Monday that the company is stepping up the installation of solar roofs in the San Francisco Bay Area, and that the business will soon enter the Chinese and European markets, and the exact time will be announced soon.

  In addition, the domestic photovoltaic industry giant Tongwei has just announced that it will invest heavily in the industry to expand production.

  On the evening of February 11, Tongwei announced that it planned to spend US $ 20 billion to construct an annual output of 30GW high-efficiency solar cells and ancillary projects.

Project Phase I 7.

The 5GW project was launched before March this year and completed and put into operation in 2021. The follow-up projects will be gradually completed and put into operation in the next 3 to 5 years according to market demand.

  Tongwei shares said that after the implementation of the project, the company’s solar cell and supporting project capacity will reach 60GW, further highlighting the company’s scale advantage and consolidating the company’s core competitiveness and leading scale in the field of solar cells.

According to the current market mainstream battery prices, after the 30GW high-efficiency solar cell project is completed and put into operation, it is estimated that the company’s new operating income will be about 30 billion yuan / year.

  At the same time as the new project was announced, Tongwei also disclosed the restructuring of 2020-2023 and the development plan of the photovoltaic cell business. In the solar cell business, Tongwei plans to accumulate a target of 30-40GW in 2020 and a production target of 2023.It is 80-100GW.

  Domestic photovoltaic related policies have recently been introduced intensively.

  The relevant person in charge of the Ministry of Finance updated on February 3, according to factors such as fund collection and power consumption growth, it is estimated that the amount of additional subsidy funds will be $ 5 billion in 2020, which can be used to support the increase of wind power, photovoltaic power generation and biomass power generation projects.
The National Development and Reform Commission and the National Energy Administration will further clarify the types and types of compensation for renewable energy generation that can be supplemented by 2020, and introduce specific management methods to ensure that the increase in the supplementary quota of projects is controlled within 5 billion.

At present, the National Energy Administration has solicited opinions from various parties on the management of wind power and photovoltaic power generation in 2020, and is currently revising it.

  Recently, some enterprises have accepted the telephone notice of the Price Draft of the 2020 Photovoltaic Power Plant Policy of the National Development and Reform Commission.

According to the notice, the guidance prices for the supplementary centralized photovoltaic power stations in the first, second and third resource areas divided into national financial subsidies are determined to be 0 per kWh.

33 yuan (including tax, the same below), 0.

38 yuan, 0.
47 yuan, the highest price of industrial and commercial distribution is 0.
05 yuan / kWh, the household electricity price is temporarily undecided.

  It is reported that the competent authority required to submit feedback before this week.

Comparing the bidding analysis in 2019, it can be found that the determination of the guideline electricity price in 2020 and the price reduction are basically consistent with the trend of parity electricity prices for ground generators in 2019.

  ”Iron Man” Musk and “Share God” Buffett both bet on solar power to rotate A shares through Tesla and Space X continuously. This time, Musk’s eyes were on the roof again.

  Musk recently said on social media that while the United States is stepping up the installation of its solar roof business, Tesla claims to expand the business to the European and Chinese markets, and will soon announce specific schedules.

  Prior to this, Musk was fully prepared. As early as last October, Tesla launched the third-generation solar roof, hoping to increase production to 1,000 new roofs per week, and at the time the earnings callAccording to the meeting, the third-generation products are ready for large-scale deployment.

  What makes everyone feel coincident is that as early as this year, Buffett also coveted solar panels for a long time.

  In fact, the inextricable relationship between Buffett and solar energy can be repeated until the Berkshire Hathaway Annual Shareholders’ General Meeting in 2017. At that time, he expressed a strong appetite for wind or solar energy. If someone comes in tomorrow to sell a solarProjects that require $ 10 billion or $ 3 billion in investment are ready to go.

This opportunity is more beneficial.

At the time, he planned that capital expenditure in the next two years would increase by $ 4.6 billion compared to 2016, mainly for wind and solar projects.

  Later, in a review article published on the US Forbes website, “Why Buffett Targeted China,” one of China’s main alternatives was investment in clean technology and renewable energy.

According to the International Energy Agency (IEA), China accounted for 40% of global renewable energy growth in 2017.

In the same year, China’s National Energy Administration announced plans to increase investment in renewable energy industries including wind and solar energy by 2020.

5 trillion yuan.

According to Reuters, this will create more than 13 million jobs in the industry.

  From the latest progress of Buffett, Nevada Energy under the banner of Berkshire Hathaway (Kim Kirin analyst) is participating in the construction of a 690 MW solar power plant, which will become the largest solar power generation in the United StatesThe current record for the largest solar power plant in the United States is 579 MW.

  Earlier, in 2018, the SoftBank Vision Fund, which frequently invested in technology companies, planned to cooperate with Chinese photovoltaic companies.

On the evening of March 30, 2018, GCL Integration (002506.

(SZ) announced that it will establish a joint venture with SoftBank and invest nearly $ 1 billion in India to build a photovoltaic project with a planned capacity of 4GW.

  How favorable are these stocks to watch?

  The BOC Xinshencheng team believes that Tesla’s photovoltaic rooftop product Solarglass has reached a certain degree of economic efficiency in the United States, and has gradually entered the Chinese and European markets; the BIPV market for photovoltaic construction 深圳丝袜会所 is still in the ascendant, and the space foreseeable in the future is broad.

Recommend domestic use of photovoltaic leader Chint Electric, BIPV pioneer Longji shares, it is recommended to pay attention to Tesla solar inverter glass supplier Yamaton, photovoltaic glass leader Follett, distributed inverter company Jinlang Technology.

  Guoxin Securities said that the mainland installation wave in 2019 has gradually increased in volume at the end of the third quarter, and has increased the demand in 2020. At the same time, 2020 is the last year for the mainland to add photovoltaics, and the mainland market may usher in “ultimate installation.”

From a global perspective, the Paris agreement reached by 178 countries around the world will gradually increase the demand for photovoltaic power generation. It is expected that global photovoltaic supplementary installations will still maintain rapid growth.

  Guohai Securities believes that the first quarter is the domestic PV off-season, and the epidemic does not affect the expected total demand, but only makes the pace of domestic demand release more concentrated in the second and third quarters. It is estimated that by 2020, global PV installation demand will reach 150GW, an increase of more than 25%.
At present, the average estimated value of the mainstream target in the industry is at a low level of 15 times, mainly due to the market’s relatively pessimistic price judgment against the background of supply release. With the total market demand unchanged and providing optimized judgment, we are optimistic about the performance expectations of the leading PV companies and maintainIndustry “recommended” rating.

The recommended absolute advantages of Tongwei shares, ST Aixu, Longji shares, focus on the Oriental Risheng, JA Solar Technology, Sun Power, Follett, Foster, Jiejia Flextronics and other targets.

  Anxin Securities said that the photovoltaic policy has been adjusted, and high growth is expected in the future.

The implementation of national bidding policies in 2020 is much better than in 2019, leaving more time for corporate organizations to apply for and develop projects. The completion rate of overall bidding projects will be much higher than in 2019. At the same time, parity projects will advance steadily. Domestic demand in 2020High growth can be expected.

In addition, the fluctuation of domestic module prices, the parity area of overseas markets further expanded, showing a multi-flowering situation. In 2020, photovoltaics will usher in the resonance of domestic and foreign demand, and new installed capacity worldwide is expected to reach 150GW, an increase of more than 25%.

  Anxin Securities believes that the current photovoltaic and wind power sectors are estimated to be at historically low levels. The overall photovoltaic sector is estimated to be only 15-16 times in 2020 and wind power is only 12 times. It is recommended to focus on configuration!

Photovoltaic recommends Longji shares, Tongwei shares, Central shares, Sunshine Power, Chint Electric, focusing on JA Solar Technology, ST Aixu, Follett, Foster, Jiejia Flextronics, Linyang Energy, etc.

Wind power mainly recommends Goldwind Technology, Mingyang Smart, Tianshun Wind Energy, Sinoma Science and Technology, and focuses on Taisheng Wind Energy, Riyue, Jinlei, Tianneng Heavy Industry, Zhenjiang, Yunda and so on.

Simple movements to get rid of fatigue and relieve stress

Simple movements to get rid of fatigue and relieve stress

Click to buy Everyone hopes to have a healthy body. At the same time, as urban white-collar workers, they often mingle in the office, daily necessary sports, many white-collar workers understand cervical spine and cervical diseases, and have a strong sense of work fatigue.

So for these people, how should we get rid of fatigue?

In fact, in the office, you can do some small movements properly. These simple small movements can help you get rid of fatigue and relieve work pressure, so take a look together!

  1. Take a deep breath to relieve your emotions.

Deep breathing can increase lung ventilation and ventilation, increase blood oxygen saturation, and promote the full function of all organs and systems in the body.

In addition, it may promote blood circulation in the lungs, which is conducive to the smooth discharge of residual gas and other metabolites in the lungs.

In addition, deep breathing can also stimulate the alveolar stretcher, causing parasympathetic nerve excitement, which can relax the body and relieve tension.

  2. Stretching your waist is the best way to relieve stress.

“Stretching up can help you relax.

“Stretching your neck and raising your arms is a local waist, moving your bones, and relaxing your spine. In just a few seconds, you can drive a lot of stagnant blood back to the heart, increase blood circulation, and improve blood circulation.

In addition, stretching can also unblock the blood vessels, allowing it to smoothly transfer blood to the brain, so that the brain is adequately nourished, thereby reducing fatigue and invigorating the spirit.

In addition, it can make the whole body muscles, especially the waist muscles exercise in rhythmic expansion and contraction, gradually develop and strengthen, can prevent lumbar muscle strain, timely cut off the spine and bend forward, and maintain a healthy body shape.

  3, chest expansion exercise chest expansion exercise, relieve muscle fatigue.

When people are tired from work, they may wish to do a few chest expansion exercises.

This can not only exercise the chest muscles, but also increase lung capacity, improve respiratory function, and improve work and quality of life.

At the same time, chest expansion allows the chest muscles to move, stretch and stimulate the thymus, and promotes the secretion of more immune substances, thereby improving the ability to resist disease and cancer.

  4, bathing hands This is another good method.

Bath hand is a kind of health massage.

Take a habitual position, eliminate distracting thoughts, stay calm and calm, don’t listen to your ears, don’t look far away, keep your belly button, and rub your hands from slow to fast.

  5. Rubbing the ears to stimulate the acupuncture points of the ears is also beneficial.

There are many acupoints on the auricle.

Use your index finger, middle finger, ring finger, and three fingers to rub the auricle back and forth, stimulating the various points on the auricle.

The number of times depends on each person’s situation, generally around 20 times as the degree.

  6, rub the face rub the face, you can also rub the nose part.

Place the kneaded hands flat on the skin, with the fingers of both hands going down from the front nose to the sides of the nose, and rub repeatedly until the face becomes hot.

Then close your eyes and massage the eyes and surroundings with the tips of your two fingers.

  7, rubbing the neck and jaw position, frequent rubbing, but also multiple healthy.

First use both forefingers and ring fingers to repeatedly massage the wind pool and wind acupoint at the back of the neck. The strength ranges from light to heavy until local fever, and then alternately rotate left and right.

  8. Yawning Yawning is a good way to relieve fatigue.

Yawning is a physiological need of the body.

It is a signal of nervous fatigue, indicating that excitement is about to reach or has reached its peak, reminding people that they should take a break at this time.

In addition, yawning helps relax the muscles of the eyes, promotes blood circulation in the eyes, and makes the eyes feel brighter and more comfortable.

Scientists from the American Health Association also predict that, considering that people working in computers do not prevent yawning when tired, to relieve eye fatigue.

  If white-collar workers often do not exercise, some diseases are likely to come to you, such as obesity and various cardiovascular and cerebrovascular diseases.

These simple little movements, free time, do not hinder trying, improve fatigue, and stay away from sub-healthy state.

White-collar workers, come and exercise together!

  Through the above simple actions on alleviating fatigue, I hope it will be helpful to the office family.

Teach you to make a sauna for your eyes with Chinese medicine

Teach you to make a “sauna” for your eyes with Chinese medicine

Core tips: Computer families who have been staring at the computer for a long time are prone to eye swelling, blurred vision, migraines, and hand, neck, shoulder, waist, and foot fatigue, soreness, irritability, and lack of concentration.
At this time, it’s time to take a short break for the eyes.
  How to protect the eyes?
Traditional Chinese medicine experts point out that Chinese medicine fumigation may be used as a “sauna” for the eyes.
Chinese medicine fumigation of eyes can effectively relieve eye fatigue and improve blood circulation around the eyes.
  Chinese medicine fumigation of eyes First, lie flat on the treatment bed, close the eyes gently, apply a piece of gauze soaked in the medicine on the eyes and eyes, and fumigate the medicine after 20 minutes of fumigation.
  Secondly, in order to obtain better curative effect, improve eye fatigue and other eye symptoms, you can take acupoints around the eyes according to the syndrome and gently massage with the thumb or index finger, 100 points per acupoint.
Ten times is usually a course of treatment, once a day or once every other day.
  The method of traditional Chinese medicine fumigation and acupoint massage is to effectively relieve eye fatigue by nourishing the liver and kidney, replenishing qi and blood, nourishing yin, moistening dryness, and relaxing Qi.
  护眼配方:决明子茶,多吃健眼食物  中医提倡“药食同源”,日常生活中,一日三餐要相对均衡,早餐要吃好,营养素要充分;中餐应多吃含蛋白质的食物; Dinner should be lighter, and more fresh vegetables and fruits.
Secondly, you should consciously ingest some foods rich in vitamin A, such as sheep liver, pork liver, eggs, milk and so on.
Should also pay attention to eat “good eye food”, such as peanuts, walnuts, pork loin, greens, spinach, cabbage, daylily, tomatoes and so on.
  In addition, you can make a cup of green tea, chrysanthemum wolfberry tea or cassia seed tea for yourself while working and studying, which can effectively protect your eyesight and relieve eye fatigue.
  预防眼疲劳及眼部疾病:屏幕低于水平视线15度  首先,对于眼疲劳的预防,一定要注意用眼卫生,看电脑连续操作1小时就要休息5-10分钟,可采用起身走动,并Looking at objects 5 meters away, it is best to do eye exercises.
  Secondly, adjust the position of the monitor or the height of the chair so that the screen is 15 degrees below the horizontal line of sight of the eye; the surrounding environment uses indirect lighting to reduce the contrast between the screen and the background brightness; a protective screen can also be applied.
  Finally, maintain good ventilation and humidity in the room.

On and off during sleep, be vigilant

On and off during sleep, be vigilant

Some people slept silently, while others snored.

Is snoring sick?

  2% -4% of people have sleep apnea, Professor Xiao Yi, director of the Department of Respiratory Medicine, Peking Union Medical College Hospital, told reporters that most of the snoring is simple snoring, benign, while 10% -30% of people snoring intermittentlyThe presence of apnea is a typical symptom of bidirectional sleep apnea syndrome.

At present, two-way sleep apnea syndrome has been paid more and more attention by the medical community. According to foreign data statistics, 2-4 people out of every 100 people suffer from the disease.

There is also a steady stream of domestic doctors.

According to reports, an appointment for sleep monitoring at the Peking Union Medical College Hospital will take an average of one month.

  Sleep dyspnea is harmful to the occurrence of major sleep apnea syndrome. Xiao Yi explained that when a person is awake, the throat tissue is tense, so the breathing will not be interrupted. After sleeping, some people have a loose throat.Down or due to hypertrophy of the tissue, part of the airway is blocked, and snoring will occur; if the airway is completely overlapped, airflow cannot enter the lungs, which will cause apnea.

In the case of severe lack of oxygen, the brain relapses into a short period of time to recover to the point where it can just tighten the breathing, thereby removing the airway overlap, and with a loud wheezing sound, the breathing returns to normal.

This cycle recurs, the breathing becomes shallow, and the sleep is fragmented, which leads to tiredness after waking up in the morning.

In the long run, the lungs, heart and other organs will be damaged due to the lack of oxygen in the body.

  According to Xiao Yi, prolonged sleep apnea syndrome causes daytime sleepiness, fatigue, and decreased memory, which can cause serious problems such as traffic accidents.

Statistics from the United States show that drivers with the disease are three to seven times more likely to get into a car accident than normal people, and account for 80% of traffic accidents.

In addition, due to the lack of oxygen in the sleep of the patient, it can lead to increased blood pressure, which can severely cause blood pressure, cerebrovascular disease, and even sudden death.

It can be seen that sleep apnea syndrome is a disease that must be treated.

  Sleeping can’t rely on snoring alone. Since snoring is a symptom, does the snoring indicate that the condition is getting worse?

The answer is no.

Xiao Yi pointed out that the underlying problems of chronic sleep apnea syndrome are apnea and hypoxia, so the condition is not related to the size of the snoring.

On the contrary, some people are worried that their snoring disturbs them and stop the snoring by performing the operation, but they do not solve the fundamental problem of airway attachments. The family cannot hear the snoring, but relax their vigilance and cannot wake him up when their snoring, More prone to danger.

Therefore, just stopping the symptoms but not the root causes will not solve the fundamental problem.

  In addition, Xiao Yi reminded the majority of patients that there is currently no drug that can effectively stop rickets in the world. Whether it is to control simple rickets or to treat individual sleep apnea syndrome, there is no “medicine” available, and it should be in a specialtyUnder the guidance of a doctor, choose an appliance, surgery or ventilator.

Winter health recipes

Winter Health Recipes

How to nourish the cold winter?

The following experts introduce medicinal diet in winter, let’s take a look together!

  [Mephrine soup with sliced mutton]5g of ephedra, 10g of flakes, 500g of mutton, 30g of ginger, appropriate seasoning.

Wash the mutton, cut into pieces, wrap in various medicated cloths, add the right amount of water and boil, add the shallot, pepper, cooking wine, paprika, cinnamon, etc., and stew until the mutton is cooked.
The function is to warm the Yang and disperse cold, tonify the kidney and tonic.

  [Shen Fu Beef Soup]30g Codonopsis, 10g flakes, 1000g beef, 30g ginger, seasoning.

Wash the beef, cut into pieces, wrap in various medicated cloths, add the right amount of water and boil, then add the shallots, peppers, peppers, cooking wine, cinnamon, woody incense, grass fruits, etc.Salt, monosodium glutamate.

The function is to disperse colds in the middle temperature, tonify the kidney and help the yang.

  [Lycium barbarum citron deer kidney porridge]wolfberry, cistanche each 10g, deer.

One pair of kidney, 100g of rice, seasoning.

Cut the deer kidney apart, remove the fascia, wash, and cut into pieces. First take the Cistanche decoction and fry the juice, add wolfberry, deer kidney, and rice to make porridge. When cooked, add onion, ginger, pepper, salt, and boil.1 dose daily, divided into 2 morning and evening.

The function is to nourish the kidney and help yang, and tonic.

  [Lupine fish gelatine porridge]antler gum, 10g each of fish gum, 100g of rice.

Wash the rice and cook the porridge. After boiling, transfer the mashed gelatin and cook until the porridge is cooked and eaten. Take 1 dose daily.

The function is to warm Yang Yishen and tonic.

Sea cucumber mutton soup 100g sea cucumber, 1500g mutton, 30g ginger, seasoning.

Spread the sea cucumbers and slice them; wash the lamb and cut into pieces; peel and slice the ginger, place them in the same pot, add onion, pepper, cooking wine, cinnamon, etc., and cook with salt and MSG.

The function is to nourish the essence and blood, warm the kidney and help the yang.

  [Walnut and Sheep Kidney Porridge]10g of walnut meat, 100g of mutton, 1 pair of sheep kidney, 100g of rice, appropriate seasoning.

Wash and cut the lamb; cut the lamb kidney, remove the tendons, and cut it; first take the rice and boil, and then lamb and lamb kidney, cook until the porridge is cooked, season onion, ginger, pepper, salt and serve.

The function is tonifying kidney essence, warming and dispersing cold.

  [Jujube and mutton porridge]Jujube, wolfberry 10g each, 100g mutton, 100g rice, seasoning.

Wash and cut the lamb.

First take the rice, boil it, add mutton, jujube, wolfberry, and cook until the porridge is cooked. Season the onion, ginger, pepper, and salt to taste and serve.

The function is to nourish qi and blood, and warm Yang and dispel cold.

  [Sea cucumber cock soup]100g sea cucumber, 1 cock, seasoning.

Wash and slice sea cucumbers; remove cocks from hair, wash, cut into cubes, put them in the same pot, add water and boil them, add green onions, ginger, pepper, cinnamon, etc., and stew until chicken is cooked, salt, MSGclothes.
The function is to warm the Yang and tonify the kidney, and help the Yang disperse cold.

  [Fruit dog whistle chicken]10g hibiscus, 15g dog whip, 1 cock, proper seasoning.

Cut the dog whip apart and wash it; remove the cock and remove the hair, and stew it with water until the chicken is cooked. Season the onion, ginger, pepper, salt, monosodium glutamate, cooking wine, etc. and boil.

The function is to warm the Yang and disperse cold, tonify the kidney and tonic.

Rhubarb cures less than constipation

Rhubarb cures less than constipation

The neighbour Xiao Wang always felt that his stool was dry and unobstructed. The old Chinese medicine doctor carefully touched his veins and prescribed 4 Chinese medicines.

But after Xiao Wang took 4 decoctions, the condition not only did not improve, but it became worse.

The old Chinese medicine explained that it was not due to the wrong medicine, or Xiao Wang’s improper cooking of Chinese medicine rhubarb.

  Rhubarb tastes bitter cold, enters the spleen, stomach, large intestine, heart, liver meridians, is a traditional Chinese medicine used to clear heat and relieve fire, and stagnate laxative drugs, and has a very good effect on gastrointestinal fever or constipation caused by other symptoms.

However, in order to achieve the desired laxative effect of rhubarb alkaline, scientific cooking methods need to be mastered.

  In decoction, rhubarb is most suitable 10-15 minutes before other medicines are cooked.

Modern research shows that the main component of rhubarb-causing diarrhea is anthracene compounds, which easily decompose water. If the frying time is too long, the anthracene compounds are destroyed, and the astringent and antidiarrheal component contained in rhubarb — preservativesDissolution not only loses its purgative effect, but also causes constipation.

During the decoction, Xiao Wang boiled rhubarb and several other medicines for more than 40 minutes, so not only was he unable to urinate, but he also made constipation worse.