[Efficacy and role of rye kernels]_Advantages_Benefits

銆 愰 粦 楹 ︿ 畄 鬄 姫 姛 堁 嬌 笌 擤 抆 抆 慱 浼 偼 偼 忼 _Leng borrow
浜轰滑鍦ㄩ鐢ㄥ悇绉嶇伯椋熶綔鐗╃殑鏃跺€欙紝瓒婃潵瓒婂鐨勪汉寮€濮嬪吇鐢熺殑鍚勭鍚冩硶锛屾瘮濡傚湪绮涓紝鍙互閫夋嫨绮楃伯锛屽洜涓虹矖绮兘澶熻В鍐充汉浠唬璋㈢殑闂銆傛湁鏁堢殑鍔犻€熻韩浣撶殑浠h阿锛岄槻姝究绉樼殑鍙戠敓銆傛洿閲嶈鐨勬槸绮楃伯绯诲垪鍙互鏈夊埄浜庝汉浠秷鍖栵紝瀵硅儍鑲犱篃浼氭湁淇濇姢浣滅敤銆傞粦楹︿粊鏄竴绉嶇矖绮紝閭d箞榛戦害浠佺殑鍔熸晥涓庝綔鐢ㄦ湁鍝簺鍛紵榛戦害浠?I ‘m sorry, I ‘m sorry, I ‘m sorry, I ‘m sorry, I ‘m sorry, I ‘m sorry, I ‘m sorry, I ‘m sorry, I do n’t know 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?垜鍥芥柊鍩硅偛鐨勫姛鑳藉瀷榛戝皬楹︿綔鍘熸枡绮惧績鍔犲伐鑰屾垚锛岀粡鍐滀笟閮ㄥ啘浜у搧妫€娴嬩腑蹇冩祴璇曞垎鏋愶細榛戝皬楹﹁泲鐧借川姣旀櫘閫氬皬楹﹂珮132。3% 銆?1.3% 銆?01.2% 銆?2.53% ruthenium?6.62% ruthenium?3.6%銆佸苟鍚湁纰樺厓绱犮€傞粦灏忛害鏄竴绉嶅崄鍒嗙悊鎯崇殑钀ュ吇淇濆仴椋熷搧锛岄€傚簲浜庡悇绉嶅師鍥犵殑铔嬬櫧璐ㄧ己涔忓拰浣撹川琛板急鐥呬汉锛氭湁鍒╀簬闃叉鎱㈡€х己涔忚瘉锛岃€佸勾楠ㄨ川鐤忔澗鐥囷紝瀵硅蒋楠ㄨ瘉銆佸効绔ャ€佸瓡濡囧強鍝轰钩鏈熷濂宠ˉ閽欐湁瑁ㄧ泭銆傚闃叉不钀ュ吇鎵€鑷寸殑缂洪搧鍙婄己閾佹€ц传琛€鏄竴绉嶇悊鎯崇殑椋熷搧锛屽缂虹鍙婄敳鐘惰吅鐤剧梾鐨勯槻娌荤瓑锛屽叿鏈夌嫭鐗逛繚鍋ヤ綔鐢ㄣ€傞害浠佸垎涓鸿蒋銆佺‖涓ょ被锛屼絾杩欎袱涓悕瀛楀苟涓嶄唬琛ㄥ叾杞‖绋嬪害銆備簩鑰呬箣闂寸殑鍖哄埆鍦ㄤ簬锛氬叾楹歌川铔嬬櫧鍚噺銆傝蒋楹︿粊鐨勯焊璐ㄨ泲鐧藉惈閲忚緝浣庯紝骞惰纰剧(鎴愬甫鐨潰绮夈€傝€岀‖楹︿粊楹歌川铔嬬櫧鍚噺杈冮珮锛屽苟琚⒕纾ㄦ垚鏅€氱殑銆佽惀鍏讳赴瀵岀殑闈㈢矇銆傞害浠佺殑鍧氭灉椋庡懗杈冮噸锛岃繖绉嶆贰妫曡壊鐨勯绮掓垚涓鸿胺鍒跺搧鎴栭潰鍖呫€佺儰鍒跺搧鐨勬坊鍔犲墏銆傜敋鑷冲彲浠ュ湪鍑夎彍娌欐媺涓彇浠f剰澶у埄閫氬績绮夌瓑銆傝惀鍏讳环鍊硷細涓嶅惈鑳嗗浐閱囷紝瀵屽惈绾ょ淮銆傚惈鏈夊皯閲忕熆鐗╄川锛屽寘鎷搧鍜岄攲銆傞粦楹︿粊鐨勯鐢ㄦ柟娉曪細榛戦害鑾插瓙绮ョ敤鏂欙細榛戦害100鍏嬨€佹按1500姣崌銆侀摱鑰炽€佽幉瀛愩€傚What’s the difference? 1 銆 侀 楦 楹 ︽ What is it?5鍒嗛挓锛屾礂鍑€銆?銆侀摱鑰炽€佽幉瀛愭礂鍑€銆?銆侀粦楹︺€佽幉瀛愬悓姘翠笅閿呭ぇ鐏儳寮€鏀圭敤灏忕伀鐓?5鍒嗛挓鍚庯紝鐢ㄥ嫼瀛愭悈鎷屽姞鍏ラ摱鑰炽€傛牴鎹釜浜哄枩濂藉姞鍏ュ啺绯栨垨鐩愬嵆鍙€?

[Can the white dots on tempeh be eaten]_Cause_Cause

銆愯眴璞変笂鐨勭櫧鐐瑰彲浠ュ悆鍚椼€慱璧峰洜_鍘熷洜
璞嗚眽鏄垜浠瘮杈冨枩娆㈠悆鐨勪竴绉嶉鐗╋紝璞嗚眽灏辨槸涓€绉嶅彂閰电殑璞嗗埗鍝侊紝鍦ㄦ垜浠仛涓€浜涚編鍛充匠鑲寸殑鏃跺€欏父甯镐細鏀句竴浜涜眴璞夛紝涓€鑸潵璇磋眴璞変笂鏈夌櫧鐐规槸鑳藉悆鐨勶It ‘s very difficult to find out what ‘s happening in the world. It ‘s very difficult to find out what ‘s happening in the world.涓嶈兘鍚冪殑锛屽洜涓鸿繖璇存槑宸茬粡鍙戦湁鍙樿川浜嗭紝鎴戜滑鏉ヤ簡瑙d竴涓嬭繖鏂归潰鐨勫唴瀹广€傝眴璞変笂鐨勭櫧鐐瑰彲浠ュ悆鍚楅偅涓槸铔嬬櫧璐ㄧ粨鏅讹紝涓嶆槸闇?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, you can’t do it, you can’t do it, you can’t do it, you can’t change it, you can’t change it.櫧璐ㄧ粨鏅讹紝浣嗘槸濡傛灉浣犳€曠殑璇濆氨涓嶈鍚冧簡锛屽弽姝d笉鏄緢璐电殑涓滆タ銆傚鏋滃彂鐨勬槸缁胯壊鐨勯湁锛岄偅鍙崈涓囨槸涓嶈兘鍚冪殑鍟︺€傝眴璞夊鏋滈暱鏈熶繚瀛樹竴瀹氳闅旀鏃堕棿鎷垮嚭鏉ユ斁澶槼涓嬫洕鏅掓瘮杈冨ソ銆傝眴璞夌殑钀ュ吇浠峰€兼湁鍝簺璞嗚眽鍚湁涓板瘜鐨勮泲鐧借川 (20%) Lian Gang just set?7%)鍜岀⒊姘村寲鍚堢墿 (25%),涓斿惈鏈変汉浣撴墍闇€鐨勫绉嶆皑鍩洪吀,杩樺惈鏈夊绉嶇熆鐗╄川What’s the difference?What’s the difference? What’s the difference? What’s the difference between the key and the chain?The puppet trees are chopping up and down each other, and they are boasting and praising Han, Xi, Xi, and Qi, and Qi Qi is telling you.The twisted sister is a chain of people, and the fear is that you can read it and weave it, and weave it, and weave it.Pure and beautiful?Key 屼 笖 鍙  each other ヨ ヨ 嵂.涓尰瀛﹁涓鸿眴璞夋€у钩,鍛崇敇寰嫤,鏈夊彂姹楄В琛ㄣ€佹竻鐑€忕柟銆佸涓櫎鐑︺€佸閮佽В姣掍箣鏁?鍙不鎰熷啋澶寸棝銆佽兏闂风儲鍛曘€佷激瀵掑瘨鐑強椋熺墿涓瘨绛夌梾鐥?璞嗚眽涓€鐩村箍娉涗娇鐢ㄤ簬涓浗鐑硅皟涔嬩腑.鍙敤璞嗚眽鎷屼笂楹绘补鍙婂叾浠栦綔鏂欎綔鍔╅灏忚彍;鐢ㄨ眴璞変笌璞嗚厫銆佽寗瀛愩€佽妺澶淬€佽悵What’s going on? What’s going on? What’s going on? What’s going on?毹 诲 ﹩ Pu 厫 “銆?”Is it so sorrowful?” “Are you awkward?”What’s wrong with you?鍙互浜嗚В鍒拌眴璞夊湪寰堝鏂归潰閮芥湁鐫€闈炲父閲嶈鐨勪綔鐢?What’s the difference between sorrow and sorrow?鐑瑰埗椋熺墿鐨勬椂鍊欑敤涓婅眴璞変笉鍙槸閫夋嫨浜嗙編鍛虫洿鏄€夋嫨浜嗗仴搴风殑鐢熸椿鏂瑰紡.What are you looking at?What is it? How about you? How about you?

[Barbecue requires a certain seasoning-]_ Barbecue_Type

銆 愮 儳 鐑 ら 渶 綸 浜 揜 障 障 玜 玡 渡?銆 慱 鐑 х 儰 _Crepe Quilt
鐐庣儹鐨勫瀛f潵涓€鍦哄澶栫儳鐑ょ粷瀵规槸涓€绉嶄韩鍙楋紝涓嶄粎鏈夐槻鏆戠殑鍔熸晥锛岃繕鑳藉悆鍒扮編椋熴€傜儰鍒剁儳鐑ゆ槸涓€浠堕潪甯哥畝鍗曠殑浜嬫儏锛岄櫎浜嗘帉鎻″ソ鐏€欎互澶栬繕瑕佹敞鎰忚皟鍛虫枡鐨勬惌閰嶏紝甯歌鐨勪富瑕佽皟鍛虫枡鏈夋补銆佺洂銆佺儳鐑ら叡銆佸瓬鐒躲€佷簲棣欑矇銆侀粦鑳℃绮夈€佺敎闈㈤叡绛夛紝澶у鍙互鏍规嵁鑷繁鐨勫彛鍛抽€傚綋娣诲姞銆?涓€銆佺儳鐑ょ殑涓昏璋冨懗鏂欒皟鍜屾补銆佺洂銆佺儳鐑ら叡(姹?銆 佽 Jing Niu is stunned銆佸瓬鐒躲€佷簲棣欑矇銆佽渹铚溿€佺暘鑼勯叡銆佽儭钀濆崪閰便€佺敎闈㈤叡銆佹捣椴滆皟鏂欍€佸ぇ钂溿€佸銆佽懕銆佸瓬鐒剁矇銆佹鐩?Do you want to whirl the block?銆侀粦鑳℃绮夈€佽荆妞掔矇銆佺硸姘达紝杩樺彲浠ユ牴鎹釜浜哄枩濂介€変笉鍚屽彛鍛崇殑鐑х儰閰便€?浜屻€佺儳鐑ら渶瑕佸噯澶囩殑涓滆タ1銆佸伐鍏凤細鎵撶伀鏈恒€佹湪鐐€佸姪鐕冨墏銆佺綉鏋躲€佺儳鐑ゅ弶銆佺儳鐑ら摬(缈昏浆椋熺墿)銆佺绛俱€佺墮绛俱€佸皬姣涘埛銆佹按鏋滃垁銆侀敗绠旂焊銆佹姤绾搞€佷竴娆℃€х銆佷竴娆℃€х銆佷竴娆℃€х洏銆佷竴娆℃€ф墜濂椼€佺焊鏉€侀宸剧焊銆佽皟鏂欑摱(绌虹摱)銆佹甯冦€佸瀮鍦捐2銆佽皟鏂欙細璋冨拰娌广€佺洂銆佺儳鐑ら叡(姹?銆 佽 Jing Niu is stunned銆佸瓬鐒躲€佷簲棣欑矇銆佽渹铚溿€佺暘鑼勯叡銆佽儭钀濆崪閰便€佺敎闈㈤叡銆佹捣椴滆皟鏂欍€佸ぇ钂溿€佸銆佽懕鑺便€侀叡娌广€?銆侀鍝侊細鑽よ彍锛氶浮缈呫€佹帓楠ㄣ€侀鑲犮€佺伀鑵胯偁銆佺墰鑲夈€佺緤鑲夈€佷簲鑺辫倝銆佸悇寮忛奔涓歌倝涓搞€侀浮鐝嶃€侀粍鑺遍奔銆佺鍒€楸笺€侀搏楸笺€侀笨楸笺€佸ⅷ楸间粩銆佽櫨绛夌礌鑿滐細鐜夌背銆侀煭鑿溿€佽槕鑿囥€佽寗瀛愩€佸湡璞嗐€侀粍鐡溿€佽棔鐗囥€侀潚妞掋€佽姳鑿溿€侀骞层€佽嚟骞插瓙銆佸皬闀樺ご銆佸勾绯曘€侀潰鍖呯墖銆佹鑺辩硸銆佺敓鑿?鐢熻彍鍖呰倝)銆佺毊铔嬨€佽儭钀濆崪绛夋按鏋滐細棣欒晧銆佹湪鐡溿€佽嫻鏋溿€佹ⅷ銆佽彔钀濄€佸搱瀵嗙滐 绛?銆侀ギ鏂欙細鐭挎硥姘淬€佸彲涔?Do you make up the tank?銆 丸 噳 徳 Gong?闄嶇伀)銆佹姹併€佸暏閰掔瓑銆?

Northern Huachuang (002371): Evolution does not change long-term trend

Northern Huachuang (002371): Evolution does not change long-term trend

Event: The company released a semi-annual performance report, and realized operating income in the first half of 2019.

5 ten percent, an increase of 18 per year.

6%, of which the revenue of electronic process equipment is 12.

50,000 yuan, an increase of 17 in ten years.

1%, electronic components revenue 4.

0 ppm, an increase of 22 in ten years.

5%; net profit attributable to mother 1.

30,000 yuan, an annual increase of 7.

9%.

The performance of the semiconductor equipment industry fluctuated, and its share was relatively low in the first half of the year.

1. From the perspective of revenue, the company’s revenue in the first half of 2016, 2017 and 2018 accounted for 30% of the scale.

6%, 47.

0% and 42.

0%, mainly because the second half of the year is generally the equipment industry procurement season and the order resale efforts, so the second half revenue is generally higher than the first half.

2. From the perspective of profit, the company’s net profit attributable to mothers 北京夜网 in the first half of 2016, 2017 and 2018 was 22 respectively.

3%, 42.

0% and 50.

9%, basically in line with the second half of the trend higher than the first half.

We believe that the slowdown in the company’s performance growth in the first half of the year was due to a breakthrough in the second quarter due to restrictions.

The company has sufficient orders and inventory and long-term performance with high certainty.

As of 19Q1, the company received advance payment 16.

4 billion, an increase of 80 million compared to 18Q4.

At the end of 2018, the company had 33 orders in hand.

600 million (electronic process equipment 32.

600 million + electronic components

Billion), which is basically the same as the ten-year revenue in 2018.

The company’s inventory reached a record high for the ninth consecutive quarter, with 34 inventories in 19Q1.

900 million, an increase of 4 from 18Q4.

8 billion.

The inventory of the company’s electronic process equipment is lower than the order amount, and it basically keeps increasing with the order amount in hand.

Inventory goods are the most important part of the company’s inventory, and the inventory goods are mainly composed of electronic process equipment related inventory.

Taking the data at the end of 2018 as an example, the company 30.

15 out of 200 million in stock.

800 million are in stock, of which 12.

The US $ 800 billion product is a product that has been shipped for acceptance, which fully shows that the company’s order resale potential is huge and is expected to continue to maintain a high growth trend.

Pan Semiconductor’s four major tracks.

1. IC field: Beijing Yandong, Qingdao Xinen, Shanghai Ji Tower, and Hua Hong Huali continue to expand their wafer fabs, replacing the steady increase in the localization rate of equipment, and the industry maintains a high prosperity.

2. Photovoltaic field: The cost of photovoltaic power generation continues to decline + driven by emerging markets, vacuum equipment benefits from the growth of investment in the photovoltaic industry, and the share of monocrystalline silicon cells continues to increase, crystal furnaces cater to good market opportunities;Following the continuous introduction of new technology applications such as Micro LED and Mini LED, it brings new industrial investment opportunities.4. Panel area: the decline in panel prices has expanded + the penetration rate of OLEDs in consumer electronics has gradually increased, and the size of China’s flat panel display industry is expected to continue to expand.

Profit forecast and rating.

It is expected that EPS for 2019-2021 will be 0.

86 yuan, 1.

50 yuan, 2.

12 yuan.

Considering that the company is the leader of the domestic semiconductor equipment industry and merged the high prosperity of the domestic semiconductor equipment industry, we maintain the “Buy” rating.

Risk reminder: the risk of depreciation and amortization affecting business performance, the risk of fund production project digestion, the risk that the fund investment project cannot meet the expected risk, the management risk brought by the company’s expansion, the risk of semiconductor equipment technology upgrade, and IC equipmentRisk of gradual fluctuations in the industry, etc.

Zijin Bank (601860): Taking advantage of location advantages to upgrade fundamentals

Zijin Bank (601860): Taking advantage of location advantages to upgrade fundamentals
Growing on the fertile soil of Nanjing’s developed economy, Zijin Bank is an old-fashioned rural commercial bank with roots in Nanjing. It is closely integrated with the economic growth of Nanjing.As the core city of an important metropolitan area, Nanjing has excellent economic development conditions.On this basis, the ratio of Zijin Bank to other rural commercial banks naturally has a geographical advantage.Locally, the market share of corporate deposits reaches 3.82%, loan market share reached 2.76%, taking the lead among small and medium commercial banks. From the perspective of ROE, the company has always been at a relatively high level. The company has been at the top of rural commercial banks before 2016. It has declined due to financial deleveraging in 2017, but increased by 8 in 2018.BP is one of the only rural commercial banks with individual ROE picking up.At present, the ROE level of the company is second only to Changshu Bank. We think this is related to the start of the company’s 2018 net interest margin rebound.In 2016 and 2017, the company’s net interest margin continued to extend to the lowest level among listed rural commercial banks, and has stabilized in September 2018.The main factors of its past net interest margin downlink were two: the interest rate on customer loans fell sharply; the response to bond surpluses and rising interest rates rose.In the future, we believe that the basis for the rise in net interest margin is: (1) The interest rates of customer loans and deposits have stabilized in 2018, and the company’s major part of its loans are incremental loans, which are not sensitive to the decline of short-term interest rates.(2) Changes in the implementation of regulatory policies, financial deleveraging, consolidation, and stable leverage. In 2019, liquidity will alternately be abundant, and Zijin Bank will be successfully listed again. Its financing cost will be reduced, and the cost of coping with bonds will likely decline. The proportion of retail loans is high, and small and medium-sized enterprises have been supported by medium and long-term loans. Since 2015, Zijin Bank loans have grown at a compound annual rate of 18%.74%, but the loan interest rate is mainly concentrated in a part of the range.Corporate loans are mainly used for customers, but personal loans also reach 24.19%, which is at the forefront among listed rural commercial banks. Since 2015, the maturity structure of the company’s public debt has been significantly extended, and the proportion of long-term and medium-term loans has gradually increased, which is expected to be related to the accelerated pace of economic construction in Nanjing in recent years.As one of the largest small, medium and micro enterprises in Nanjing and one of the “agricultural, rural, and rural” financial service institutions, the company’s small and micro loans accounted for 61.01%, loans to medium-sized enterprises have also increased significantly since 2016. The company’s retail loans are mainly housing mortgage loans, accounting for 67%.24%, the composite carbonization in the past three years also reached 38.25%, personal consumption loans have also grown significantly.With the increase in the disposable income of residents in Nanjing, housing mortgage loans, which account for two-thirds of personal loan balances, will continue to be the main driving force for the company’s personal loan growth, and personal consumer loans will also increase.Early high levels. The cost of deposits is low, and there is some pressure on bonds payable. Zijin Bank deposits account for 63% of total debt.48%, the current rate is stable between 62% and 65%. On the whole, the corporate deposit interest rate is the lowest among rural commercial banks.In the past two years, the company has issued complementary interbank certificates of deposit and secondary capital bonds, thereby increasing the cost of additional liabilities.It is expected that in the future, the increase in absorption and precipitation will reduce this proportion. Improved bad control ability to resolve high stock ratio Although Zijin Bank’s bad rate is numerically the second highest among listed rural commercial banks, two aspects can prove that its bad control ability has been strengthened, and the probability of bad future will steadily decline: 1) The risk of badness was revealed earlier, and the badness rate continued to decline steadily.As early as 2015, Zijin Bank’s loans that were overdue for more than 90 days were 100% classified as non-performing and converted, and its non-performing rate continued to decline steadily. From 2015 to 2018, the company’s non-performing rate has gradually decreased by 60 BP.The largest decline among commercial banks. (2) The net generation rate is low, the downward migration is less, and the room for write-off and transfer promotion is large.Zijin Bank’s NPL ratio is only 0.07%, the lowest among listed rural commercial banks, and the second-lowest Changshu Bank, with 32 BP.The downward migration rate of attention loans has remained at the same level in the industry.In addition, Zijin Bank’s write-off transfer was not strong, and the write-off transfer rate was the lowest among listed rural commercial banks, leaving enough room for future efforts to increase efforts as needed. Three major highlights of the fundamentals. We believe that the supporting points to support the company’s estimated growth are: first, the foundation of the net interest margin to stabilize and rise is solid, and the space is large; second, the regional economy is developed, the bad risks are clarified, and the bad net generation rate is lowThere is a lot of room for improvement in the transfer of write-offs. Third, the retail business covers a wide area and the growth momentum is guaranteed. Investment advice Zijin Bank is the largest of the listed rural commercial banks, and its business is basically located in Nanjing.The local economy is developed and the company’s qualifications are good, which guarantees the asset quality of Zijin Bank. We are more optimistic about the performance of the company after its listing. In essence: First, the steady rise of the 杭州夜网论坛 net interest margin has brought about a rise in the ROE.The performance forecast shows that the company’s ROE increased by 8 BP in 2018, which is one of most rural commercial banks with an increase in ROE. Second, the resistance pressure will decrease and NIM will continue to increase.In the past, the pressure on the company’s net interest margin mainly came from the rise in the cost rate of interest-bearing debt, especially the issue of interbank certificates of deposit with high capital costs, the conversion of financial deleveraging ended, and the entry into “stable leverage”.It is expected that the company’s interest-bearing reduced cost rate will continue to decline, while the interest-earning asset yield will increase and stabilize, and the net interest margin may continue to increase. Thirdly, the bad control ability 合肥夜网 is strong, the bad stock is steadily decreasing, and there is a lot of room for improvement in the future.Zijin Bank’s non-performing control capability has continued. It has maintained a 100% non-performing loan overdue for more than 90 days since 15 years. The non-performing rate has declined the most among rural commercial banks since 16 years. The net generation rate is the lowest.Small, it can be improved significantly in the future. Fourth, the retail business covers a wide area and retail loans account for a relatively high proportion.The company’s individual customers accounted for over 46% of Nanjing’s total population, and retail loans accounted for the third largest among listed rural commercial banks. This has transformed into regional economic development and the improvement of residents’ living standards, and the scale of retail loans has grown rapidly. 我们预计公司19\20 年营收增速分别为17.42%, 18.87%, the growth rate of net profit attributable to mothers was 12 respectively.16%, 14.70%; BVPS is 3.52 yuan, 3.82 yuan; the corresponding PE is 24.58, 21.43, the corresponding PB is 2.69, 2.48.The effect of the new shares will continue to exist, and it is estimated to exceed the industry and other stocks.Give “overweight” rating, 6-month target price of 11 yuan.

ZTE (000063) In-depth Research: High Expectations in the 5G Era

ZTE (000063) In-depth Research: High Expectations in the 5G Era

1. After the US sanctions crisis was resolved, ZTE took office at a new level. From a layout perspective, it will strengthen 5G and the core competitiveness of semiconductors.

ZTE Chairman and Chairman Li Zixue is the former party secretary and deputy director of Xi’an Microelectronics Institute, and President Xu Ziyang is the former assistant to the president of ZTE and the general manager of the CCN core network product line product of the wireless operation department.Chairman of the company (in terms of revenue, ZTE’s microelectronics business also ranks fourth in the domestic semiconductor industry).

2. Analyze the competition pattern of telecommunications equipment vendors. ZTE’s competitive advantage over European companies has formed in the 4G era: compared with global communications equipment vendors, Huawei’s market share is close to 50%, its operator’s business development space has decreased, and related business revenue growth has stalled in recent years;Nokia 武汉夜生活网 is still troubled by comprehensive problems. Ericsson is specializing in wireless. In the 4G era, it has lost its advantages in technology and expansion. Samsung and Datang Mobile have relatively small and relatively small business-related businesses.

From the perspective of revenue distribution, Ericsson and Nokia are highly dependent on the North American market, followed by Europe; ZTE has a competitive advantage over Ericsson in terms of comprehensive finance, technology, and cost in the 4G era, laying the foundation for 5G.

3. In the 5G era, ZTE has high hopes; global 5G construction has begun.

In the 5G era, competition is based on the 4G foundation, which is conducive to ZTE’s competitive advantage. ZTE also ranks at the forefront of the market with 5G core patents.

ZTE’s carrier network business has resumed 杭州桑拿网 for two years in the second half of 2018.

The 3% revenue growth and return to profit show that ZTE’s comprehensive competitiveness in this field has been difficult to shake easily.

From a global perspective, in 2019, the world’s 5G has entered the first year of scale construction and commercial (or commercial trial), and wireless network investment has also entered an upward cycle. ZTE’s market value is expected to reach a new high in the 5G era!

4. Investment suggestion: ZTE’s current business shrinks terminal business, focuses on resources to promote competitive advantage in the 5G era, R & D expansion, strengthens chip and 5G competition, we expect the company to be in 2019?
21-year revenue was 107.8 billion yuan, 124.9 billion yuan, 141.5 billion yuan, and net profit attributable to mothers was 50.

5.6 billion, 65.

2.5 billion, 77.

3.8 billion yuan, with EPS of 1.

21 yuan, 1.

56 yuan, 1.

85 yuan.

With reference to the benchmark company’s assessment, the dynamic PE for 2019 is 30-33 times, corresponding to a reasonable value range of 36.

30 yuan-39.

93 yuan, given a “preliminary market” rating.

Risk reminder: The systemic risks brought by the intensification of the US’s technology blocking system in China (such as extending to allies); 5G investment is less than expected.

[What to eat vitamin d]_Diet_Recipe

[What to eat vitamin d]_Diet_Recipe

As an important substance, vitamins are of great help to the human body. However, the human body does not need many vitamins, and can usually be supplemented normally through diet.

Vitamins cannot be synthesized in the human body because vitamins are very special.

In order to ensure good health, we need vitamin d.

Vitamin d not only whitens, but also promotes the digestive system.

So, can some foods supplement vitamin D?

1. The most effective way to get enough vitamin D in pregnant women is to eat too many pregnant fish, such as salmon and tuna.

According to the National Institutes of Health (NIH), 100 grams of salmon can provide about 500 international units of vitamin D, while the amount of tuna is 180 international units.

And both fish species are expected to be omega-3 fatty acids, which are good for brain and heart health.

Fish is also an important source of good protein. If you don’t like chicken, then consider replacing the menu with fish.

2. Eggs, especially egg yolks, also contain vitamin D, about 41 international units.

It is definitely not the only reason to choose eggs. Eggs also contain vitamin A, which is good for the human immune system, and choline, which is a nutrient that is vital to brain health.

In addition, egg yolk also contains carotenoids (especially lutein and zeaxanthin) to help maintain eye health.

3. Do n’t be too arrogant in your diet choices. Give it a chance.

It is an economical, nutritious, and high-protein food. In addition to about 50 international units of vitamin D per 100 grams, it also contains more than 100% of other essential vitamins recommended daily, such as: B12A, riboflavin and copper.

4, milk Milk is one of the best ways to get vitamin D multiple times a day, because eating salmon in the morning, noon and night may not be realistic, but drinking milk multiple times a day is much simpler.

Each 250 ml of milk contains about 115-124 IU of vitamin D.

Milk also provides an opportunity to absorb large amounts of protein, as well as calcium, which is essential for bone health.

Milk also contains potassium. Many people lack this mineral, which is very important for maintaining normal blood pressure.

If you are a vegan, you can also choose soy and almond milk to supplement vitamin D.

5, mushrooms in nature only a few plants contain vitamin D, mushrooms are one of them.

Although it does not provide much vitamin D, it also contains other nutrients that can strengthen the body’s immune system.

6. Orange juice is like milk. Orange juice also contains vitamin D. A glass contains about 137 international units.

But at the same time, and more importantly, orange juice can provide you with a full day of vitamin C. Just pay attention to the amount of intake, not more than 250ml, you can effectively control the sugar intake.

[What kind of life for couples will increase the derailment rate]

[What kind of life for couples will increase the derailment rate]

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Separation between the two places is a hotbed for men to have extramarital affairs. Although it is not uncommon for men to derail themselves in marriage, we really can’t generalize it as a quality issue.

Sometimes people are in a specific opportunity and environment. When external forces break through their own resistance, they will increase the chance of derailment.

Some people have never fallen in love with a heterosexual partner other than their partners in their lifetime, because of their inner firmness, but also because they may be fortunate not to encounter too complicated environmental tests.

Knowing why a man is derailed is as accurate as knowing when a man is easily derailed.

For adults, confronting the weaknesses of their own personality and reducing the chance of receiving temptations is an inherent means to avoid problems in marriage; for partners, knowing each other’s needs and eliminating factors and alternatives to possible problems,It is an external measure to avoid marriage problems.

The internal and external causes work together to achieve the final ideal result.

What is a couple?

“It took hundreds of years to build the same boat, and thousands of years to sleep together.”

In the end, those feelings that cannot be shared can only be said to have no fate, which is a regret, and the feelings that bloom and bear together are the most popular fireworks in the world.

Marriage is one of the signs of other social and emotional relationships is to live together, and in a relatively independent space, the environment has basically the same life goals.

In modern society, through the development of the communication industry and the enhancement of social mobility, separation between the two places is becoming more and more. But in essence, the separation between the two places does not meet the emotional needs of human nature. They are married and do not live together.In addition to testing the cultivation and continuity of feelings, but more importantly, the important meaning of marriage is lost.

Separation of husband and wife makes it difficult for a man to feel “home”. He cannot feel the two people working together for one goal, and he is not able to appreciate the hardship of each other’s independence.

Due to time, space and geographical constraints, the lack of communication channels between the two people has become a common goal in life.

When the partner is not around, men will easily ignore their responsibilities in marriage because of the ease of single life, indifferent to the identity of their married men, and will be involuntarily fallen when they encounter other emotional opportunities.Go in.

Those men who have been separated in two consecutive places and cannot be effectively resolved are most likely to breed extramarital affairs.

It is often seen that in some emotional stories, the wife is unable to grasp her husband’s emotional needs because she is not living with her husband. Men are derailed because of emptiness and loneliness. Such derailment is not a winner, neither does the man intentionally hurt the wife, and the wifeThere will also be a serious emotional crisis for men.

In the end, everyone was scaly and exhausted.

This situation is common in reality.

Some women who do not know that a man is married and have an emotional relationship with them accidentally belong to the victim, but men are not necessarily intentionally harmful.

After all, in this era, no one can tattoo on his forehead that he is a married man. It is also difficult to distinguish who is married and who is unmarried from the perspective of his mental state and appearance.

At the beginning, maybe you don’t have to invest in the purpose of starting extramarital affairs. Maybe you just want to find some tenderness and comfort. When you find that you really have feelings, everything may be too late.

Of course, not all separation between the two places will cause extramarital affairs, but separation between the two places is a test of people’s endurance and character. It is necessary to constantly maintain a healthy communication with the partner and always remind themselves to strengthen the ability to resist temptation.Husbands and wives have to spend more energy to stick to the embankment of feelings.

Many young people may not think at the beginning that they are confident in their feelings and confident about their place and role in each other’s life. They chose this seemingly alternative and cool lifestyle, but came to the end, Too few people can laugh to the end.

Human nature has goodwill and positive power, but don’t deliberately create opportunities to test it.

As mortals, it is more realistic to rely on each other and to warm up together.

What is your husband?

“The husband is within one foot, and it is hard to say beyond one foot,” the folk jokes are very spicy and meaningful.

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[Face to the fitting room?

[Face to the fitting room?

In both days, the Uniqlo fitting room video burst out!

There is a lot of controversy in this community. As a male physician, I have something to say about “field health problems” such as “fitting room popping”, “car shock” and “altitude sex”.

In addition to sexual life can bring us physical pleasure, it can also achieve a very good health care function. I hope that everyone can enjoy the pleasure, and do n’t forget that healthy “papa” can bring long-term sexual happiness!

I hope that today’s article can give you a “point” of ascension point, posture is not correct for everything.

Places for sexual intercourse: Stress Mountain University slammed in public places, “sexual frustration” is reset, but it is also easy to cause men’s psychological tension, and may be voyeurized because of fear of being peeped.No, the psychological pressure is considered to be much greater than in a private place.

This leads to the phenomenon of premature ejaculation in the man, and in particular, some people worry that premature ejaculation is easy to become a habit.

In addition, due to the limitations of space and environment, special positions are often adopted in the “field battle”. Apart from the freshness, the experience may not be good; some may even be extremely sad, causing the penis to break, which ultimately affects future sexual well-being.

Suggestions: Stimulation can only be done occasionally, and attention should be paid to controlling the risk of different positions; from a physiological point of view, popping in public places is extremely detrimental to personal mental health.

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[How to use barbecue sauce]_ production method _ practice Daquan

[How to use barbecue sauce]_ production method _ practice Daquan

In the hot summer, a large batch of barbecue accompanied by a bottle of cold beer is the deepest memory of many people for summer. Although the barbecue looks very simple, it can be easily done as long as you have a good grasp of the heat, but in the process of preparing the barbecue,The most important thing is the barbecue sauce. If you want to grill it, it will taste more delicious and taste more tender. The most important thing is to prepare the barbecue sauce. So how should the barbecue sauce be used?

There are two uses for barbecue sauce: one is to use it as a seasoning when grilling, and the other is to use dipping sauce.

These two sauces can have different flavors, or they can be used as both brush and dipping, depending on personal preference and taste.

Several methods of barbecue sauce: 1. Home-made method 1. Ingredients: 500 grams of pickled peppers, 150 grams of sesame sauce, 200 grams of peanut butter, 40 grams of chili oil, 100 grams of garlic, 30 grams of pepper powder, 80 grams of MSG, special freshNo. 1 pack, 100 grams of chicken essence, 20 grams of sugar, 40 grams of refined salt.

2. First, chop the pickled peppers and peel the garlic cloves.

3. Fill sesame sauce, peanut butter, garlic powder, pepper powder, special fresh No. 1, chicken essence, sugar, refined salt, etc. with a porcelain.

4. Stir in vegetable oil until it is eighty-fried. Add the pickled peppers and fry. Then pour it into the porcelain-made ingredients and cover it. Let it cool down and try again. If it’s salty, put some sugar and MSG in it. Add a little salt.Serve as a fragrant sauce.

Second, the common practice is to use two sauces of tomato sauce, 2 spoons of soy sauce, 2 spoons of cola, and 4 spoons of barbecue sauce. Tomato sauce: soy sauce: cola = 1: 1: 2 boil over low heat and cook until slightly stickyThe table can be used to dip and eat.

If you want to grill steak or chicken wings, you can brush directly on the thing you want to bake without heating, you can brush while grilling, and brush a few times to taste.

Tip ratio can be adjusted according to personal preference.

If you like salty, you can increase the amount of soy sauce. If you like sweet, you can add some cola in it. If you like sour taste, you can add more tomato sauce.

Third, other simple methods 1, carrot sauce-carrot puree with a little soy sauce, chicken soup, salt, lemon juice, MSG to adjust the consistency.

2, bean paste-cooked bean paste seasoning wine, sugar, lemon juice, ginger powder.

3, tomato sauce-tomato sauce with chili oil, soy sauce, salt, chicken soup.

4, sweet noodle sauce-sweet noodle sauce with chili oil, soy sauce, sugar, lemon juice modulation.

5, barbecue sauce-2 teaspoons of soy sauce, sugar, rice wine, rock sugar, 1 teaspoon each, wood fish essence, dried kelp, ginger powder each 2 teaspoons.

6, spicy sauce-1/4 cup of lemon juice, 2 teaspoons of tomato sauce, 1 teaspoon each of chili oil, hot sauce, black pepper, oyster sauce, chili, rice wine, brown sugar, 1 teaspoon each, minced garlic 1/2teaspoon.
7, plum sauce-3 plums, preserved plums, 2 teaspoons of sugar, 1 teaspoon of white vinegar.

8. Applesauce-1 apple (pitted and beaten into sauce), 1/2 cup of apple juice, 1 teaspoon of white vinegar, 1/2 teaspoon of mustard sauce, 1 teaspoon of honey, onion, salt and pepper.

9, five flavor sauce-soy sauce, sesame oil, black vinegar, white vinegar each 2 teaspoons, tomato sauce 3 teaspoons, ginger, garlic, pepper, each teaspoon.

10. Garlic sauce-2 teaspoons of garlic, 3 teaspoons of soy sauce, MSG, rice wine, 1 teaspoon of white vinegar, 1 teaspoon of caster sugar, pepper