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2017 Snooker China Open schedule schedule starts on March 27_1

2017 Snooker China Open schedule schedule starts on March 27
The 2017 Snooker China Open will be held from March 27 to April 2 in Beijing. The official website of the World Snooker has announced the complete schedule of the event.  Chinese player Ding Junhui will debut at 7:30 pm on the first day. He will face England teenager Sean O’Sullivan in the 128-64 qualifying game. If he wins, he will continue to play on Tuesday night.  Defending champion Judd Trump is playing against Jason Weston at 2:30 p.m. on the first day; Rockets Ronnie O’Sullivan plays against Welsh players in the first round at 7:30 p.m. the following dayGareth Allen.  All games will use 9 innings and 5 wins. The semifinals will use 11 innings and 6 wins. The finals will use 19 innings and 10 wins.Tables for the second and third rounds on the 29th and 30th will be determined the day before the match.点击观看比赛:2017年世界斯诺克中国公开赛直播地址3月27日(周一)首轮+资格赛  上午10点:斯图尔特·宾汉姆vs斯科特·唐纳德森,肖恩·墨菲vsAlan Taylor, Robbie Williams vs Fan Zhanyi, Jimmy White vs Li Yuan, Li Xing vs Luo Honghao, Alex Borg vs Niu Zhuang, Eden Sharaf vs Ross Muir, Anthony·麦克吉尔vs田鹏飞  下午2点半:贾德·特鲁姆普vs杰森·韦斯顿,梁文博vs伊塔洛·桑托斯,麦克·邓恩vs安迪·希克斯,科特·马福林vs Ben Uraston, Hussein Wafi Ayuri vs Joe Perry, Graham Dott vs Gary Wilson, Michael White vs Yu Delu, Ruis Clark vs Mark·戴维斯  晚7点半:丁俊晖vs肖恩·奥沙利文,马克·塞尔比vs亚当·斯特凡诺,阿里·卡特vs斯图尔特·卡林顿,张安达vs马克·威廉姆斯,罗伯特·米尔金斯vs诺鹏·桑卡姆,马克·金vs林杉峰,马克·乔伊斯vs弗雷泽·帕特里克,周跃龙vs马修·塞尔特 上一页12下一页

The founder of CLP Motor over the wall to steal secrets?The company lost more than 400 patents last year

The founder of CLP Motor over the wall to steal secrets?The company lost more than 400 patents last year
The founder of a listed company, who has a personal net worth of nearly 500 million US dollars, was accused of turning over the wall and entering a snapshot of the focus of the factory, suspected of “stealing business machine secrets.” This sounds a bit incredible, but such a thing has really happened recently.On April 19th, according to media reports, on the afternoon of the 18th, Wang Jianyu, the founder and former chairman of CLP Electric, overcame the wall and entered the factory of Yixing Huayong Motor Co., Ltd. (hereinafter referred to as “Yixing Huayong”).The local police have taken them away for investigation.On the evening of the 19th, Zhang Hua (pseudonym), the head of Yixing Huayong’s production department, told the sauna, Yewang that he and a workshop director initially discovered Wang Jianyu entering the factory.When he saw that Wang Jianyu was being cross-examined, he said nothing. After being dismissed, he left the company and went to another place, indicating that there might be a problem with the judgment. He called for security to control Wang Jianyu.Zhang Hua said that CLP Motor and Yixing Huayong are in a competitive relationship. The two sides cooperate with each other and have no contact with each other.Because Wang Jianyu did not know why he entered the company, the police did not contact him after the police.On the afternoon of April 19th, the sauna and the night net called CEC Motor’s Dong Mi Office several times. One of the calls was hung up, and then it was not connected.The reporter also called the police station of Yixing Development Zone where Yixing Huayong was located to replace the connection. On the evening of the 19th, CLP Motor announced that Wang Jianyu, the general manager, has not been subjected to physical coercive measures, nor has he received a notice of investigation from the relevant department, and can perform his duties normally without being affected.At present, the relevant situation is under further investigation. The media reports have nothing to do with the listed company, and the company’s daily production and operation are normal.Wang Jianyu deeply regretted the adverse effects caused by the incident.The mystery of “over the wall to steal secrets”?Huayong has 51 pieces of patent information, and CLP Motor has 410 pieces of Zhang Hua introduction. He later learned from the surveillance video that Wang Jianyu has successively taken pictures of Yixing Huayong’s products and workshops.However, he did not see the contents of Wang Jianyu’s mobile phone.Why did Wang Jianyu enter Yixing Huayong Filming?Some media quoted relevant people in Yixing Huayong as saying that certain companies had participated in the bidding of Guodian United Power, and Huayong won in the end, and CEC did not win the bid.Yixing Huayong believes that Wang Jianyu entered the factory to “acquire commercial secrets”.According to public information, the main business of CLP Motor is to develop, produce and sell large and medium-sized DC motors, medium and high voltage AC motors, generators, motor test station power supply systems and switch test station power supply systems and other complete equipment.And Yixing Huayong is mainly engaged in the supporting production business of wind turbines.According to the Securities Times, Yixing Huayong stated that CLP Motors are mainly used for civilian motors, and Yixing Huayong is mainly used for proprietary motors.However, in recent years, through the civil motor market has become saturated, CLP Motors began to enter the field of wind power generation, and form a competition with Yixing Huayong.According to corporate information, CLP Electric was listed in November 2014, and Wang Jianyu currently holds 22 of it.The 5% share is the largest shareholder of CLP Electric.According to the closing market value of China Motors on April 17, the total market value is 21.300 million calculations, Wang Jianyu net worth at least 4.7.9 billion.Did Wang Jianyu really “acquire commercial secrets” when he entered the company? How about the technical strength of some enterprises?Attempted information shows that Yixing Huayong has a total of 51 pieces of patent information, of which more than 30 are utility model patents, more than 10 are invention patents, and several are invention authorizations.In contrast, there are 410 patent information of CLP Motors, most of which are invention announcements and invention authorizations with relatively high gold content.According to the official website of CLP Electric, CLP Electric is a national emerging industry, and copyright is subject to a preferential policy of paying corporate income tax at a tax rate of 15%.According to the report of the first three quarters of 2019, CLP Motors reported that the report merged and the company spent a total of 11.26 million yuan in research and development expenses, an increase of 33 compared with the same period last year.01%.In the 2018 annual report of CLP Electric, Yixing Huayong’s statement that CLP Motor is transforming the field of wind power is confirmed.The company said in its annual report that it will “expand new areas such as petrochemical motors, traction motors, and wind power.”What is the background of Yixing Huayong Department of Dun’an Department? What is the background of Yixing Huayong and how can the founder of a listed company personally go to “learn lessons”.Attempted information shows that standing behind Yixing Huayong is the Zhejiang billion billion private enterprise giant Dunan Group, which is the holding sun company of Hangzhou Minze Technology Co., Ltd.Dunan Holdings Co., Ltd., Yao Xinquan, and Li Fuyun hold Hangzhou Minze 86 respectively.81%, 12.53% and 0.66% of the shares.Yao Xinquan, brother of Chairman Yao Xinyi of Dunan Holdings, holds Yixing Huayong 36 directly and indirectly.The 35% stake is the ultimate beneficiary of Yixing Huayong.According to the information on the WeChat public account of Dunan Heavy Industries, a company affiliated with Dunan Holdings, in September 2018, Yao Xinyi, chairman of Dunan Holdings, and Chu Jingchun, chairman of Guodian United Power, had a face-to-face exchange on cooperation between Guodian and Yixing Huayong.At that time, Chu Jingchun and others, on behalf of United Power, promised to cooperate with Yixing Huayong with all efforts to fulfill.Wang Jianyu lost public control of listed companies due to the reduction of stocks the year before. According to public information, Wang Jianyu graduated from Southwest Jiaotong University with a major in axial engineering. He then went to Tsinghua University to study and obtained a master’s degree in business administration.Since September 2011, Wang Jianyu has served as chairman and general manager of CLP Electric.According to the 2017 report of CLP Electric, Wang Jianyu has an annual salary of 52.960,000 yuan.On November 9, 2018, CLP Motor announced that the actual controllers Wang Jianyu, Wang Jiankai, and Wang Panrong had already joined Ningbo Juntuo Enterprise Management Co., Ltd. (“Ningbo Juntuo”) and Zhuhai Fangyuan Capital Management Co., Ltd.(Referred to as “Zhuhai Fangyuan”) signed a share transfer agreement, will total 6,225.80,000 shares (accounting for 26 of the total share capital.47%) The shares were transferred to the aforementioned joint venture company.Information shows that Wang Panrong is the father of Wang Jianyu and Wang Jiankai.Subsequently, Wang Jiankai reduced the company’s holdings in September 2019.8% of the shares.At the earliest, Wang Jianyu also signed an agreement with Ningbo Juntuo, which will account for 8 of the company’s total share capital.43% of the voting rights are granted to Ningbo Juntuo.As a result, the actual controller of the listed company was changed to Ningbo Juntuo.In January 2019, CLP Motor announced that the company’s controlling shareholder has been transferred, the company’s controlling shareholder and actual controller have changed, and the company’s board of directors received a written resignation from the company’s chairman Wang Jianyu on January 15, Jianyu applied for resignation as the chairman of the company’s third board of directors, director and professional committee of the board.But Wang Jianyu continued to serve as the general manager of CLP Electric.The financial report shows that after 2017, the performance of CLP Electric is acceptable.In 2017, 2018 and the first three quarters of 2019, the company’s operating income was 3 respectively.100 million, 4.300 million and 3.800 million yuan, the annual growth rate is 31.54%, 39.34% and 16.43%; net profit attributable to mother is 3308.20 thousand yuan, 4822.90 thousand yuan and 5389.40,000 yuan, the annual growth rate is 38.47%, 45.79% and 38.77%.Sauna, Ye Wang Peng Shuo Li Yunqi Editor Zhao Ze proofreading Jia Ning

[Black pepper beef practice]_Black pepper beef_How to do_How to do

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[Apple Hawthorn Red Date]_Hawthorn Red Date_Function

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[How to make chocolate sandwich cakes]_Home made chocolate sandwich cakes_How to make chocolate sandwich cakes_How to make chocolate sandwich cakes

[How to make chocolate sandwich cakes]_Homemade chocolate sandwich cakes_How to make chocolate sandwich cakes_How to make chocolate sandwich cookies

The world is so exciting, you must not be lonely, you must eat out with friends often.

And have you tasted the food on earth, have you been a little tired?

It doesn’t matter, if you can learn how to make chocolate sandwiches like I did, you will definitely be excited for a long time.


1 egg white until thick bubbles, add sugar to beat until it can raise sharp corners.


2 Make chocolate ganache in advance, mix whipped cream and chocolate, heat it under water, melt the chocolate and mix well, put in a flower bag for later use.

You can put it in the refrigerator to freeze it.


1 Add a decorative bag, squeeze into the mold, and scrape the surface with a scraper.

2 Add sieved almond flour, cocoa powder, powdered sugar, and stir well.


Sprinkle powdered sugar on the surface of the cake.

Preheat the oven at 180 degrees and bake for about 15 minutes.


After the cake is cooled, squeeze it into chocolate ganache, stack the two sides together, and sprinkle some sugar powder on the surface.


If you do n’t have a mold, you can also make it.

You should learn how to make this chocolate sandwich cake today!

Once you understand the method, it is more important to practice it, so that you can make your cooking more exquisite, and you can achieve more delicious food. Act fast!

[How to make boring noodles is simple and delicious]_How to make_Making method

鐒栭潰涓庢垜浠墍鐭ョ殑鐢熸椿涓殑鏅€氶潰鏉″仛娉曚笉涓€鏍凤紝鏅€氶潰鏉$洿鎺ョ敤寮€姘寸叜Weaknesses: Weaknesses and weaknesses: tweezers, dysfunctions, problems, and problems. “We are in trouble.”氶潰鏉¤繖椤瑰伐鑹猴紝浣嗘€讳綋闅惧害涓庢櫘閫氫笅闈㈡潯鎯冲繀杩樻槸娌℃€庝箞鍙樺緱锛岀剸闈㈠湪鍚勫湴閮芥湁浼犳挱锛屽洜姝ゅ仛娉曚篃鏄鏍凤紝涓嬮潰灏忕紪灏遍€夊彇灞辫タ鐒栭潰鍋氭硶浠嬬粛缁欏ぇ瀹躲€傚北瑗跨剸闈㈤鏉愬噯澶囬潰:鎻愬墠鍜屽ソ闈?楗?灏忔椂鏈€濂?,姣旂叜闈㈡潯鐨勫悇绉嶉キ搴楀仛鍑虹殑绠€鍗曠剸闈?20 Lao?KEY 嗀 ? 嵆 鍙?(The sloping arch chains are coquettish, are they flawed?銆 圝 眴 agna?Wa 楀 ソ, Ye version of Yan Wan?Sorry, I’m so sorrowful.Zhiluo inlaid?雒 囧 璬 钖 墭 墖 (擶 Argan 皯 銽 佽 伟 鐦 ︽ 牴 鎹 The bust up and down?濡傛灉鍋忕槮,鐐掑埗鏃惰绋嶅鏀炬补)銆傝懕涓濄€佸鐗囥€佸ぇ鏂欍€傚崐灏忕寮€姘达紙鎴栧噳寮€姘淬€佺函鍑€姘村潎鍙級+閱?What are you doing? Do you want to play with the uncle and the uncle? The level of the game + the level of the supplement + the amount of compensation + the amount of compensation + the sorrow of the sorrowThe following is a list of patents, regulations, and standards: the level of efficiency is very high and the level of efficiency is high and low. It’s a lot of papers. It’s a lot of paper.句竴涓ぇ鏂欙紝寰呮补娓╃儳鐑紝鏀惧叆鑲夛紝鐐掕嚦鍙樿壊鏀鹃叡娌广€佺洂锛岀倰鍑洪鍛冲悗锛堢害鍗婂垎閽燂級鏀捐懕涓濄€佸鐗囷紝鍐嶇倰绾﹀崐鍒嗛挓鍚庢斁鍏ヨ眴瑙掔倰绾?銆?鍒嗛挓銆傚€掑叆绾︾姘达紝鏀瑰皬鐏搥闈紝鎿€鑷崇害1銆?mm 氱 殑 橶 橶 婗 囧 囧 嵙 鍙  纴 珏 嗛 厛 尽 婂 囑 紑 氪 澶 橗 囗 囦 嬂 氶 気 尗 尗 尗 尗 尽 尽 尽 尽 尽 尽 尽 尽 尽 尽 尽 尽 尽 尽 尽 尽 圽 尽 尽 尽 尽 尽 尽 尽 尽 尽 尽 尽 尽 尽 尽 尽 尽 尽 尽 尽 尽 尽 尽 尽 尽 尽 尽 尽 尽 尽 尽 尽 尽 尽 尽 尽 尽 尽 尽 尽 尽 圽 倽㈢墖鍗疯捣锛岀敤鍒€椤虹潃鎿€闈㈡潠鐨勯暱搴︽柟鍚戝皢闈㈠垏寮€锛屽舰鎴愪簡绾?0cm瀹斤紙鎿€闈㈡潠鐨勭洿寰勶級鐨勯潰鐗囷紝鍐嶅垏鎴愮煭缁嗛潰鏉″氨琛屾垚浜嗐€傜剸闈㈠仛娉?2 Lao?杩欐椂鍐嶇湅宸茬倰濂借彍鐨勯攨锛屾敼鎴愪腑鐏紝浠ヤ繚璇佹湁瓒冲鐨勮捀姘旓紙濡傛按澶氬彲鍏堝€掑嚭涓€閮ㄥ垎锛岄攨鍐呯暀鐨勬按浠ュ垰涓嶆极杩囪眴瑙掍负瀹滐級灏嗕簩鍒嗕箣涓€鐨勯潰鍧囧寑鎾掑湪鑿滀笂锛岀洊鐩栫剸2-3鍒嗛挓锛岀敤绛峰瓙灏嗛潰鏉℃姈涓€鎶栵紝浠ュ厤绮樿繛锛屽啀鏀惧墿浣欓潰锛屽啀鐒?-3 鍒 嗛 挓 銆 傛 撖 庡 皢 閰 嶅 ソ 镄 勫 纫 溰 楁 Press ガ  揂?Sorry, monkey-like, sorrowful, sorrowful, sorrowful, sorrowful?銆?鍒嗛挓锛岋紙濡傛按澶氬彲澶氱剸涓€浼氬効锛屽叧鐏墠閿呭唴鐨勬按搴斿彧鏈?cm 鎏 掶 濂 逋 逋 鍏 鍏 Chong Ling’s effective effect is it?銆?What are you looking for? How are you going to make it simple and straightforward?

Papaya Mobile: Leading Overseas Marketing Company Three-Year Compound Revenue Growth 177%

Papaya Mobile: Leading Overseas Marketing Company Three-Year Compound Revenue Growth 177%

Key points of investment: The company provides domestic companies with overseas marketing services based on its own research and development big data platform.

The company is a service provider for domestic advertisers’ overseas advertising. It pushes the information of domestic advertisers and product information to overseas media. Advertising forms include search display ads and performance ads.

The company’s marketing service network 南京夜网 covers North America, Southeast Asia, South Asia, the Middle East, Eastern Europe and other regions. It has 14 big data centers worldwide and its business covers 65 countries and regions along the Belt and Road.

As of the end of 2018, the company is in a leading position in the big data marketing industry of the overseas market, ranking the top 2 in the overseas marketing revenue of the Facebook media channel and the top 5 in the overseas marketing revenue of the Google media channel.

In 2018, the operating income was 4.3 billion US dollars, an annual increase of 90%, and the net profit attributable to the mother was 83.45 million yuan, an annual increase of 35%.

In 2018, the company realized revenue 43.

30,000 yuan, an increase of 89 in ten years.

9%, of which search and display business realized income 42.

0 南京龙凤网 ppm, accounting for 97% of total revenue, with a compound annual growth rate of 177% in 16-18 years. The rapid growth of the company’s revenue has benefited from the growing demand for advertisers to go abroad and the improvement of customer service capabilities brought by the company’s technological strength.

In 18 years, net profit attributable to mothers was 83.45 million yuan, an annual increase of 35.


The company’s gross profit margins were 20 in 16-18.

31% / 6.

24% / 4.

38%. The decrease in the company ‘s gross profit margin was mainly affected by the adjustment of the company ‘s strategy. The company ‘s previous high-margin leisure and social products were no longer in operation. At the same time, the gross profit margin of search and display advertising, which accounted for more than 90% of the company ‘s revenue, was lowered.The company’s gross margin level.

The core mergers of real-time processing of big data, user portraits, and delivery strategies have long-term accumulation, and R & D investment accounts for 40% of the company’s total expenses.

The company’s core business model is based on massive data and core algorithms to provide advertisers with the best advertising placement solutions and obtain the fees paid by advertisers.

The company’s big data analysis and processing technology has the characteristics of high concentration, massive data tag library and several levels of fast response, which meets advertisers’ high requirements for overseas advertising.

More than 50% of the company’s employees are technical R & D personnel, and about 40% of the annual expenditures are invested in research and development.

71%, accounting for 12% of the parent company’s operating income.


Clients include Little Bit Interactive, Qihoo 360, Today’s Headline, etc., mainly covering FB and Google channels.

In 2018, tool customers accounted for 24% of total revenue, and e-commerce customers accounted for 40% of total revenue. The main customers include Baidu, Diandian Interactive, Qihoo 360, Today’s Headline, etc. The company’s largest customer in 18 years was Diandian Interactive.It accounts for 13% of total revenue, and the top five customers account for 33% of total revenue.

In terms of distribution channels, Facebook and Google are the company’s main advertising distribution channels, of which the Facebook channel investment amount accounts for 92% of the total cost, and the Google channel investment amount accounts for 6% of the total cost.

Fundraising projects.

The company raised funds to invest in Papaya big data intelligent platform project 3.

20,000 yuan, R & D center construction projects of 63.5 million yuan, headquarters base projects of 90.6 million yuan, supplemented by 700 million yuan of working capital.

Adopt the first set of standard declaration of the science and technology board, and use PE valuation.

The company meets the technology innovation board listing standards of expected market value of not less than RMB 10 million, and the net profit has gradually increased in the past two years and the net profit has gradually been not less than RMB 50 million.

The company has a stable source of income and has been profitable. It is recommended to use PE for estimation. Comparable companies include blue cursors, smart shares, etc.

Risk reminders: The mainstream of advertising is missing, and advertisers ‘expectations of economic downturn are expected to decline.

Depth-Company-Huayou Cobalt (603799): Interim report performance, short-term pressure-bearing capacity construction progressed

Depth * Company * Huayou Cobalt (603799): Interim report performance, short-term pressure-bearing capacity construction progressed smoothly

The company released its semi-annual report for 2019, with a profit of 3,283 million in the first half in line with expectations.

We believe that the bottom of the cobalt price is basically complete, and the company’s profit has improved and repaired. We maintain an overweight rating.

Highlights of support levels Profits increased by 97 in the first half.

82% was in line with expectations: The company released its semi-annual report for 2019 and achieved operating income of 91.

40,000 yuan, an increase of 34 in ten years.

21%, realized profit of 32.83 million yuan, each increase of 97 points.

82%, 41.14 million yuan is allowed after deduction.

Net cash flow from operating activities 11.

0.2 million yuan, a significant increase of 861 previously.


In the first half of the year, the inventory price lost 3.

26 trillion, of which 1 in the second quarter.

65 ppm, an increase of 2 from the previous quarter.


The company’s interim results were in line with expectations.

The profit of cobalt products bottomed out, and the profit of copper products increased greatly: the company’s cobalt output in the first half of the year.

26 Initially, the annual growth rate is 17.

79%, sales 1.

28 for the first time, growing 37 per year.

16%; Cobalt products achieved revenue of 30.

12 ppm, a year average of 37.

07%; gross profit margin 11.

43%, 36 years ago.

44 units.

Copper products realized revenue13.

20 ppm, an increase of 79 in ten years.

10%; gross margin 38.

38%, a significant increase of 22 per year.

02 singles; at a relatively low period of cobalt prices, the company provided support for the company’s performance by increasing the production of copper products with high profitability.

The company’s sales of ternary precursors in the first half of the year were 6,782 tons, which were basically flat for one year; revenue was 5.

52 ppm, with a ten-year average of 23.

23%, gross profit margin 6.

72%, more than ten years.

36 units.

Promote project construction and build an industrial ecosystem: the company’s African MIKAS mine 1.

5 cobalt copper, 0.

9 Crude cobalt hydroxide was successfully put into production, and the preliminary work of the Indonesia 6 replacement nickel hydroxide project was fully launched. The domestic ternary precursors and alternative materials joined with POSCO and LG Chemicals were advanced in an orderly manner. The power battery automated dismantling plantThe first phase of construction is completed, the first phase of the Huahai New Energy project enters the trial production phase, the second phase of the project is put into trial operation, the Cobalt and Nickel New Materials Research Institute, the Pizhou Industrial Park Science and Technology Innovation Center, the solid waste recycling process, and the intelligent disassembly of waste lithium power batteries, etc.The project went well.

It is estimated that under the current equity and combined with the interim report, we will adjust the company’s 2019-2021 earnings to zero.12/0.


29 yuan (the original forecast for future earnings was 0.



31 yuan), corresponding to 197.


9 times, maintaining the overweight rating.

The main risks faced by the rating are global cobalt mining, the deployment progress exceeded expectations; the company’s production capacity is not up to expectations; the risk of technological transformation; 3C demand is not up to expectations;

China Southern Airlines (600029): Exchange demand double-shake performance exceeded expectations

China Southern Airlines (600029): Exchange demand double-shake performance exceeded expectations

Investment Highlights Performance Summary: The company achieved operating income of 729 in the first half of 2019.

400 million (+8.

0%), achieving net profit attributable to mother 16.

900 million (-20.

9%); Realize net profit deducted from non-mothers 14.

300 million (-21.


Among them, the second quarter of 2019 achieved revenue of 353.

100 million (+5.

5%), deducting non-attributed net profit -10.

300 million, -5 earlier than the same period last year.

500 billion has expanded.

  In the first half of the year, passenger revenue fell by 1.

6%, deducting non-core net profit of about 1.7 billion yuan.

1) In terms of operation and investment, in the first half of 19, subject to MAX’s minimum grounding (the number of seats accounted for about 4%), a growth rate of 10 was required.

Initial guidance below 1%, RPK growth rate is 10.

4%, completed passenger traffic 0.

6.2 billion person-times (+7.

3%) and a load factor of 82.

65% (down 0.


2) In terms of passenger kilometer revenue, aviation demand weakened in the context of the economic downturn, and China Southern Airlines’ passenger revenue was zero in the first half of the year.

478 yuan (-1.

In terms of structure, domestic passenger revenue fell by 1.

6%, international passenger revenue fell 0.


3) In terms of cost and profit, China Southern’s operating costs in the first half of 2019 totaled 64.4 billion (+7).

2%), of which fuel cost increased by 6.

4% to 206 trillion, the company deducted oil costs 438 trillion (+7.

6%), the apparent unit ASK deduction cost 0.

26 yuan (-2.

3%), consider the lease interest expense 25.

The reduction of 300 million yuan can increase the cost of deducting oil by a comparable unit by about 3.

3%, straightening routes since 18 years, increasing the number of seats, etc., the decline in fuel deduction costs has gradually subsided.

  The company’s sales / management / debit exchange financial expense ratios are 4 respectively.

6南京夜网% / 2.

3% / 4.

0%, the total deduction rate for the three fees is 10.9%, rising by 1 every year.

4pp, mainly due to the new lease quotation cost account after the operating lease is added to the table, the financial costs are incomparable, and the compensation of the USD in the leased table is increased to 1 from the sensitivity of China Southern Airlines to the exchange rate of the US dollar.

9.5 billion to 5.

1.7 billion (± 1% per RMB change against the USD).

In the first half of the year, the RMB depreciated against the US dollar by zero.

2%, China Southern recorded a foreign exchange loss of 3.

1 ‰. In the first half of the year, China Southern Airlines deducted non-net profit of approximately 17 ‰ (-22%).

  During the downturn of the industry, more attention was paid to the upward flexibility of the company’s operating adjustment.

1) At present, Beijing Airlines accounts for about 20% of China Southern ‘s revenue. The new airport of Beijing is put into operation after National Day. The operation of the Beijing hub ‘s dual-center operation and development of China Southern ‘s international market will further enhance the ceiling of the company ‘s value.After implementing the management ideas of improving quality and efficiency, the company’s route revenue quality is expected to continue to improve.

  Earnings forecast and rating: Considering that the rate of increase in freight rates at the beginning of the year was lower than expected, and the friction currency exchange rate in China-US trade negotiations has decreased sharply since the end of July, the overall current exchange loss in the third quarter was more than US $ 1.5 billion. We lower our company’s earnings forecast.

It is estimated that the company’s net profit attributable to its parent in 2019-2021 will be 31, 62, and 67 trillion, corresponding to 19 years of PE at 27X and corresponding PB of 1.

3 times, maintaining the “overweight” level.

  Risk warning: the risk of fluctuations in aviation demand, the risk of a significant devaluation of the RMB, and the risk of a significant rise in oil prices.

Demystifying the favorite health porridge of old Chinese medicine

Demystifying the favorite health porridge of old Chinese medicine

The old man’s self-cultivation is the last heir to acupuncture at the palace, and he is currently the director of the Shenzheng King Medical Museum in Chaoyang District, Beijing, and a director of the World Chinese Medical Federation.

He has mastered a variety of acupuncture methods that have been rarely seen, but it is easier to feel the magic is his tough body. Until now he still practices medicine in his own hospital every day, and it all depends on his unique health secrets.

  Every morning, Wang Xiam will drink yam porridge, which has been uninterrupted for decades.

He said that yam strengthens the spleen and stomach, and is most suitable for morning consumption. You can also chop the yam into mud, add an egg, and cook with a bag of milk.

  The yam porridge must be consumed when it is hot. It contains the multivitamins and minerals that the body needs. After adding eggs and milk, calcium and protein also increase; and it is very good for the spleen and stomach, which can make the body strong and strong.

Yam porridge should be drunk every day, but the amount of absorption can be adjusted according to your own appetite.

  Yam porridge is easy to digest and not greasy, so it is suitable for breakfast.

But for some people who eat two meals a day, yam is too easy to digest, so it should not be used as a staple food.

In addition, Wang Shou-shen boiled Tremella syrup soup to drink every day, with or without sugar, which can play a good lung moisturizing effect.

  Let us also learn the dietary health care methods of old Chinese medicine to help our body prolong life.