2017 Athletics World Championship schedule starts on August 4th Su Bingtian leads the Chinese team_1

2017 Athletics World Championships schedule starts on August 4th Su Bingtian leads the Chinese team
The 2017 World Championships will be held in London from August 4th to 13th. In this World Championship, the Chinese team will send 46 players to participate in 17 competitions, including 24 male athletes and 22 female athletes.Among them, Su Bingtian and Xie Zhenye participated in the men’s 100m race, while Xie Zhenye participated in the 200m race, and Zhang Peimeng was on the men’s relay list.Li Jinzhe, the national record holder of the men’s long jump, and Liu Hong and Wang Zhen, two runners of the Rio Olympic Games, are not on the list. The following is the specific schedule for the World Championships in Track and Field: 2017 World Championships in Track and Field Competition Date Competition Time Beijing Time Competition Stage Competition Items August 4th (Friday) 19:00 the next day 21:00 Preliminaries for men 100m 19:20th day 02:20 Qualifying Tournament Group A men’s discus 19:30 The next day 02:30 Qualifying Tournament men’s long jump 19:35 The next day 02:35 Preliminaries Women’s 1500 meters 19:45 The next day 02:45 Qualifying Tournament Women’s pole vault 20:20th day 03:20 Preliminaries men’s 100m 20:45th day 03:45 Qualifiers Group B men’s discus 21:20th day 04:20 Finals men’s 10,000m August 5th (Saturday) 10:00h00 QualifyingMen’s Shot Put 10:0517:05 Heptathlon Women’s 100m Hurdle 10:3517:35 Qualifying Group A Women’s Hammer Throw 10:4517:45 Preliminaries Men’s 400m 11:0018:00 Qualifying Women’s Triple Jump 11:3018:30Heptathlon Women’s High Jump 11:4518:45 Preliminaries Women’s 100m 12:0519:05 Qualifying Group B Women’s Hammer Throw 12:4519:45 Preliminaries Men’s 800m 19:00 The Next Day 22:00 Heptathlon Women’s Shot Put 19:05The next day 02:05 semifinal men’s 100 meters 19:25 the next day 02:25 final men’s discus 19:35 the next day 02:35 semifinals women’s 1500 meters 20:05 the next day 03:05 the last men’s long jump 20:10 the next day03:10 final women’s 10,000 meters 21:00 heptathlon women’s 200 meters 21:45 days 04:45 final men’s 100 meters August 6 (Sunday) 10:00 17:00 heptathlon women’s long jump10:0517:05 Preliminaries men’s 3000m obstacle run 10:4017:40 Qualifying men’s pole vault 10:5517:55 Final men’s marathon 11:0518:05 Preliminaries men’s 400m hurdles 11:4518:45 Heptathlon group A women’s javelin11:5518:55 Preliminaries Women’s 400m 13:0020:00 Heptathlon Group B Women’s Javelin 13:1520:15 Preliminaries Men’s 110m Hurdles 14:0021:00 Final Women’s Marathon 19:00 The next day 22:00 The last women’s pole vault19:05 the next day 02:05 Qualifying Group A women’s javelin 19:10 the next day 02:10 semifinal women’s 100 meters 19:40 the next day 02:40 semifinal men’s 400 meters 20:10 the next day 03:10 semifinalsMen’s 110-meter hurdles 20:30 the next day 03:30 qualifying group B women’s javelin 20:35 the next day 03:35 final men’s shot 20:40 the next day 03:40 heptathlon women’s 800 m 21:15 the next day 04:15 semi-final men’s 800 meters 21:50 times 04:50 final women’s 100 meters August 7 (Monday) 18:30 the next day 01:30 preliminaries men’s 200 meters 18:35th day 01:35 Qualifying Tournament Men’s Triple Jump 19:00 The next day 02:00 The final women’s hammer throw 19:30 The second day 02:30 Women’s 400m hurdles 20:20 The next day 03:20 Men’s 400m hurdles20:25 the next day 03:25 final women’s triple jump 20:55 the next day 03:55 semi-final women’s 400 meters 21:30 the next day 04:30 final men’s 110 meters hurdles 21:50 the next day 04:50 the last women 1500M August 8 (Tuesday) 19:20 times 02:20 final women’s javelin 19:30 times 02:30 preliminary women’s 200 meters 19:35 days 02:35 final men’s pole vault 20:35 times 03:35Women’s 400m hurdles in the semifinals 20: 40 times 03: 40 Qualifying women’s shot 21: 10 times 04: 10 Final men’s 3000m hurdles 21: 35 times 04: 35 Final men’s 800 meters 21: 50 times 04: 50 finals men’s 400 meters August 9 (Wednesday) 19:05 the next day 02:05 preliminaries Women’s 3000 meters obstacle run 19:10 times the day 02:10 Qualifying women’s long jump 19:20 times the day 02:20 Qualifying AGroup men’s hammer throw 20:05 the next day 03:05 preliminaries men’s 5000 meters 20:25 times the day 03:25 final women’s shot 20:50 times the day 03:50 qualifying group B men’s hammer 20:55 the day 03:55 semifinalsMen’s 200 meters 21:30 times 04:30 finals men’s 400 meters hurdles 21:50 times 04:50 finals women’s 400 meters August 10th (Thursday) 18:30 times 01:30 next day women’s 5000 meters 19:05The next day 02:05 Qualifying Group A men’s javelin 19:10 The next day 02:10 Qualifying women’s high jump 19:25 The next day 02:25 Preliminaries Women’s 800 meters 20:20 The next day 03:20 The final men’s triple jump 20:25th day 03:25 Preliminaries Men’s 1500m 20:35th day 03:35 Qualifying Group B Men’s Javelin 21:05 The next day 04:05 Women’s 200m semifinal 21:35 The next day 04:35 Women’s 400m hurdles21:50 The next day 04:50 Men’s 200 meters finals August 11 (Friday) 10:00 17:00 Decathlon men’s 100 meters 10:1017:10 Qualifying Group A women’s discus 10:4517:45 Preliminary women’s 100 metersColumn 11: 0518: 05 Decathlon men’s long jump 11: 1518: 15 Qualifying men’s high jump 11: 3518: 35 Qualifying group B women’s discus 12: 5519: 55 Decathlon men’s shot put 17:00 The next day 00: 00 TenMen’s high jump 19:05 on the next day 02:05 Women’s 100m hurdles in the semifinals 19:10 on the day 02:10 Last women’s long jump 19:35 on the day 02:35 Women’s 800 meters on the semifinals 20:10 the next day 03:10Semi-final men’s 1500 meters 20:30 the next day 03:30 final men’s chainBall 20:45 Day 03:45 Decathlon men 400 meters 21:25 Day 04:25 Final women 3000 meters obstacle run 21:50 Day 04:50 Final women 200 meters August 12 (Saturday) 10:0017:00 Decathlon men 110m hurdle 10:3517:35 Preliminaries women 4*100m relay 10:5517:55 Preliminaries men 4*100m relay 111:0000:00 Decathlon group A men’s discus 11:2018:20 Preliminaries Women’s 4*400m relay 11:5018:50 Preliminaries Men’s 4*400m relay 12:2019:20 Decathlon Group B men’s discus 14:1521:15 Decathlon men’s pole vault 17:30 Day 00:30Decathlon group A men’s javelin 18:55 times 01:55 Decathlon group B men’s javelin 19:05 days 02:05 final women’s high jump 20:05 days 03:05 last women’s 100m hurdle 20:15 timesDay 03:15 final men’s javelin 20:20 times 03:20 final men’s 5000 meters 20:45 times 03:45 decathlon men’s 1500 meters 21:30 times 04:30 days women’s 4*100 meters relay 21:50th day 04:50 final men’s 4*100m relay August 13 (Sunday) 07:4514:45 final men and women mixed 50km walking 12:2019:20 final women 20km walking 14:2021:20 final men 20kmRace walking at 19:00 the next day 02:00 final men’s high jump 19:10 the next day 02:10 final women’s discus 19:35 the next day 02:35 final women 5,000 meters 20:10 the next day 03:10 the last women 800 meters 20:30The next day 03:30 final men’s 1500 meters 20:55 the next day 03:55 final women’s 4*400 meters relay 21:15 the next day 04:15 final men’s 4*400 meters relay Original title: 2017 track and field world championship schedule Su BingtianLeading Chinese players to participate

Guilin Tourism (000978): Draw up supplementary flows to alleviate funding pressure and focus on the potential of regional resource integration

Guilin Tourism (000978): Draw up supplementary flows to alleviate funding pressure and focus on the potential of regional resource integration

Matters: Guilin Tourism issued an announcement on the evening of June 4: The company is planning a non-public issue of shares and plans to use the raised funds to supplement the company’s liquidity.

The number of shares to be issued in this non-public offering is to be determined by dividing the amount of funds raised by the issue price and not exceeding 20% of the total share capital before the issuance, which is 72,020,000 shares (including the principal).

This issuance is not expected to change the company’s control.

Guoxin Social Service’s views: 1) The company gradually brings higher financial costs due to interest denial, which drags down the main business performance and is relatively transformative and development of the company. If the fixed increase and supplementary flow are successfully implemented, it is expected to optimize the company’s asset and liability structureImprove the financial situation; 2) Guilin has abundant but scattered resources. As a regional resource integration platform, the company is committed to rapidly promoting regional integration with the continuous optimization of funding issues with the support of the government and major shareholders; 3) Cooperation with Songcheng Performing ArtsThe eternal situation of Lijiang contributes new profit growth points for the company.

Taken together, we expect EPS0 in 19-21.



39 yuan, PE is estimated to be 20/17/14 times.

The resources of some scenic spots of the company are relatively diversified. In the future, if the increase in the amount of landing funds is eased, the government and major shareholders will continue to support the development and integration of regional tourism resources, and enhance the comprehensive operation capabilities through leisure upgrades.It is necessary to track the subsequent progress of the ticket price reduction policy and the pledge of Guilin Airlines, the second shareholder, and temporarily maintain an “overweight”.

Comment: The company intends to issue a non-public share supplementary stream, which is expected to optimize the company’s capital structure and improve its financial position. From the perspective of the company’s asset-liability structure, the company’s debt has always been at a relatively high level. The asset-liability ratio in the past five years is about 40%-48% fluctuations, the asset-liability ratio in 2018 is close to 45%.

Among them, interest-bearing resistance accounts for about 76% -85%, and interest-bearing resistance / total debt is 79% in 2018.

The high level of assets and liabilities and the proportion of interest-bearing debt caused the company’s capital cost to be high. In 2017 and 2018, the company’s financial expenses were as high as 38.44 million and 41.87 million yuan. Considering 2017, the company’s non-main business performance in 2018 was 5460 and 7494, respectively. Ten thousand yuan, financial expenses are a drag on the main business performance fractures.

The company is planning a non-public offering of shares in this announcement and plans to use the raised funds to supplement the company’s liquidity.

If the fixed-increasing supplementary flow is successfully implemented, the company expects appropriate funding pressures, optimizes the company’s capital structure, and improves the company’s financial position, which can increase the company’s profitability to a certain extent.

However, considering that the company announced that the company intends to issue shares not to exceed 20% of the company’s total share capital before the issue, the specific issue price and the amount of the issue are still in the process of demonstration. If the current price is converted into 9, the raised capital will be about 3.

US $ 600 million will help save financial costs, but considering the possible dilutive impact of additional shares, we expect the impact on EPS to be relatively stable after a comprehensive balance.

The company is a Guilin regional resource integration and financing platform. After the optimization of funds, it is expected to further actively seek the development of Guilin Tourism (000978), which belongs to the state-owned asset right of Guilin City. At present, it is a Guilin municipal-level tourism resource integration platform supported by the government and major shareholders.

The company stated in its 2018 annual report that it hopes to become a large tourism group holding listed company with innovation and sustainable development capabilities in the future, and become the largest and strongest tourism group in Guangxi.

In the next 3-5 years, we will strengthen the capital operation through “three steps” and “five catches”, realize the large integration and management of tourism resources, and continue to strengthen and expand the tourism business, which will enable the company to leapfrog to high-quality tourism., And help Guilin tourism develop better.

Combined with our Air Force analysis, Guilin’s regional tourism resources are very rich, but they are extremely scattered and urgently need to be integrated.

As shown in Table 1 below, Guilin has 3 5A-level tourist attractions, 15 4A-level tourist attractions, and 2 3A-level tourist attractions.

However, these spots are mostly scattered and scattered.

At the same time, in addition to Guilin Tourism Listed Companies owning nearly half of its subordinate attractions, other operating entities are also scattered. Although Guilin attractions have developed for many years, they have not yet formed a synergy, and the overall planning, including some tourism facilities, is still relatively inadequate.

At the same time, due to the scattered spots, the connection of traffic will also affect the satisfaction of tourists (especially free travellers) during the tour, and the passenger flow of some remote places is also relatively deviated.

Therefore, regional resources need to be integrated and upgraded urgently.

Absolutely, after considering the opening of the Guizhou-Guangzhou high-speed rail, Guilin is only 3-4 hours away from high-speed rail in cities such as the Guangzhou-Shenzhen center of the Pearl River Delta, and future leisure and vacation upgrades will have better base support for tourists.

Considering that the listed company is the leader of Guilin’s tourism area, and the gradual solution of the listed company’s funding problems in the future, with the support of the government and major shareholders, it is possible to gradually increase and deepen the integration of regional tourism resource products with major shareholders, coordinate marketing management, and enrich the tour route.Exploring product models such as package tickets to better strengthen its own projects for leisure and vacation upgrades and the improvement of comprehensive operating efficiency, which will help the company to continue to grow and reduce its dependence on the ticket economy.

In addition, the company will continue to promote the integration and activation of unprofitable or acquired corporate assets in order to better improve the company’s superior resource performance.

Guilin Lijiang Qianguqing started well and is expected to bring new growth to the company. Lijiang Qianguqing, which cooperated with Songcheng Performing Arts, has officially opened in July 2018. The company accounts for 30%. In 2018, Lijiang Qianguqing contributed investment income to the company.210,000 yuan, profitable in the first year of opening, outstanding performance.

According to our continuous tracking, this year’s Q1 and Qingming, the Lijiang Eternal Love performed well during May Day, of which tourists were received during May Day6.

10,000 people, 6 performances in a single day, a new high since the opening.

Moreover, as an indoor performance, it is relatively less affected by the weather and overlaps its brand and marketing advantages. 四川耍耍网 Therefore, Impression Liu Sanjie’s PK is expected to win faster.

Taken together, referring to the outstanding achievements of other projects of Songcheng Performing Arts, combined with our continuous tracking, we believe that based on the abundant passenger flow in Guilin area and combining the scriptwriting operation capabilities of Songcheng Performing Arts, Lijiang Eternal Fun has become a new profit for the companygrowth point.
We expect Guilin Eternal Love to achieve revenue in 20191.


The contribution of 400 million US dollars to the investment income of listed companies is expected to be about 1.35 million to 16 million yuan. Earlier 18 years, the non-main business output increased by about 18-21%, which is expected to continue to help the company grow.

Investment suggestion: Draw up supplementary replenishment 武汉夜生活网 to resolve capital constraints, take into account the price reduction of tickets and the pledge of two shareholders, and temporarily maintain the “overweight” forecast of EPS0 in 19-21.


39 yuan, PE estimates 20/17/14 times, it is estimated that the company’s historical low.

The company’s proposed supplementary flow in this announcement shows that the company hopes to optimize its capital structure and alleviate funding pressure. In the future, it can further integrate regional resources with the support of the government and major shareholders to enhance the company’s scenic area resource efficiency.

The resources of the company’s scenic spots are relatively diversified. In the future, if the increase in landing funds is eased, the government and major shareholders will continue to support the development and integration of regional tourism resources, and enhance the comprehensive operation capabilities through leisure upgrades.It is necessary to track the follow-up progress of the ticket price reduction policy, the progress of the fixed increase and the pledge of the second shareholder, Guilin Airlines, to temporarily maintain the “increase in holdings”.

Risk reminder Ticket price reduction risk; State-owned enterprise reform or resource integration situation is expected; the current non-public offering of shares and the use of raised funds are feasible During the demonstration process, there is significant uncertainty in the matter; the second shareholder may be due to HNA fundingRisk of pledge being forced to liquidate.

[How to pickle eggplant and pickles is the best]_How to pickle_How to pickle

[How to pickle eggplant and pickles is the best]_How to pickle_How to pickle

Eggplant is a relatively common food in our lives, rich in nutrition, and is a favorite vegetable for many people.

The most commonly used methods are roasted eggplant, stir-fried, minced eggplant, etc., each of which is delicious. In addition to these methods, eggplant can also be used to pickle pickles. The pickled eggplant tastes enough to increase appetite.Eating porridge or steamed buns is a good way to eat them.

1. Pick some small and tender eggplants, preferably the round ones.

Then cut the eggplant into orange petals, then wash it well, put it on the pan to steam it, and put it in a cool place to dry it until it is not cracked on the outside and there is still some water in it.

2. The next step is to put the seasonings of pickled eggplants and pickles in the pot, mainly salt, peppercorns, three or two fragrant leaves, white koi, a little cumin, cinnamon, ginger slices, white sugar, and high-grade white wine.

Salt, pepper, and boil over high heat, then simmer over low heat for 20 minutes and let cool.

3, prepare a ceramic container, preferably the original type, this eggplant is particularly delicious, authentic, put the ingredients in, and then pour the ingredients into the water, and thenCover the housing and seal it well.

Put it in a cool place like this for ten days, and the eggplant pickles in this jar will be ready.

Especially delicious.

Be sure to marinate in a muddy carbon canister!

Nothing else is in vain.

Roughly dry the eggplant leaf scales. Do not be too careful. Otherwise, the dried hay can’t be eaten. The dried material has not passed the eggplant. If possible, you can use sorghum poles (fineHead to the end), and seal it horizontally and vertically at the surface of the water.

Finally, seal the mouth of the altar tightly and leave it in the shade for about 10 days before you can taste it.

I said that my saliva is running, this is not the best yet. I will show you how to pickle the yellow rice with yellow rice.

[How Women Enhance Sexual Ability]_Sexual Ability_Women_Enhancement Methods_How to Enhance

[How Women Enhance Sexual Ability]_Sexual Ability_Women_Enhancement Methods_How to Enhance

In the sexual life between husband and wife, many women have poor sexual abilities, which often affects the quality of sex and threatens the relationship.

But at this time, most women will feel embarrassed and unwilling to consult a doctor for improvement.

So today I will focus on the methods that can help improve sexual performance, let’s take a look.

First, keep blood circulation in the lower body unobstructed.

Do not wear tight-fitting body shapers, jeans that are too tight, and pants that are too tight, which can cause poor blood circulation in the lower body and seriously affect the health of private parts.

Second, keep the abdomen warm.

Coldness in the lower body directly leads to cold women’s palaces. In addition to cold hands and feet and dysmenorrhea, it will lead to weak sexual desire and lack of desire.

The congestion caused by the cold in the palace leads to an increase in leucorrhea and a decline in the vaginal health environment, which leads to pelvic inflammatory disease and endometriosis.

Therefore, to keep the lower body warm, women can avoid many gynecological diseases.

Traditional Chinese medicine often says “warm the pregnant woman”, as long as the uterus and pelvic qi and blood flow through, you can eliminate nature and conceive a baby.

Therefore, the healthy, “lucky pregnant” belly is warm and soft.

Third, keep your private parts dry and breathable.

Female genitals are moist all year round. If adequate ventilation is available, it can reduce the possibility of gynecological diseases.

Too much moisture in the private area can easily lead to fungal vaginitis.

Minimize the use of impermeable sanitary pads.

Do not sit for long periods of time. Lack of exercise in the lower body can lead to pelvic congestion, which is not good for the heart and blood vessels, and will cause female breasts to sag.

Persistence in exercise and strengthening the strength of the lumbar and abdominal muscles have a great effect on maintaining the body and preventing various gynecological diseases such as pelvic inflammatory disease, and can also improve the quality of sexual life.

In general, as long as female friends can notice the above aspects in life, they can help improve sexual abilities properly, and boots can also promote the harmony of sexual life.

In fact, Xiaobian suggested that women must face up to sex, do not always have shameful thoughts, or it will bring adverse effects.

Sany Heavy Industry (600031): 3Q19 results meet expected profitability and improve sustainability

Sany Heavy Industry (600031): 3Q19 results meet expected profitability and improve sustainability

The 3Q19 results were in line with our expectations. Sany Heavy Industry announced the first 3Q19 results of 2019: operating income of 586.

90,000 yuan, an increase of 42 in ten years.

9%; net profit attributable to parent company 91.

60,000 yuan, an increase of 87 in ten years.

6%, corresponding to a profit of 1.

09 yuan, in line with our expectations.

In the third 杭州夜网论坛 quarter, the company’s operating income and net profit attributable to its parent were 153.


10,000 yuan, an increase of 18 in ten years.

1% / 61.


  Excavators and concrete machinery maintained high growth, and hoisting machinery ran smoothly.

In the third quarter of 19, Sany Heavy Industry sold excavators 1.

10,000 units, an increase of 19 in ten years.

4%, we expect the 3Q19 company’s excavator business revenue to increase by more than 20%; 3Q19 company’s concrete machinery revenue is expected to increase by about 20%, of which domestic pump truck sales remain above 50% and exceed high growth; we expect 3Q19 company’s lifting machineryRevenue initially increased slightly, better than the industry level.

  Economies of scale grow and profitability is sustainable.

Due to the increase in the proportion of large and medium tonnage products, the gross profit margin of the company in 19Q3 was 33.

0%, an increase of 2 a year.

9ppt, which was basically flat month-on-month; the expense ratio tripled during 3Q.

6ppt, in which the R & D expense rate increases by 2 every year.

5ppt, due to the company’s expansion of core components and intelligent R & D.

The improvement in asset quality brought 3Q19 asset impairment losses down by 90% in a row, and the net profit margin in the third quarter of 19 increased by 4.

2ppt to 15.


  Net cash inflow from operating activities showed a net inflow.

The balance of the company’s accounts receivable at the end of the third quarter decreased by 7 compared with the end of the second quarter.

At 7 ppm, 3Q Company achieved a net operating cash inflow of 18.

50,000 yuan, considering that due to the increase in stocking, the purchase of goods in the third quarter, the cash payment of labor services increased for more than ten years, the inventory surplus increased by 9 compared with the end of the second quarter.

9 trillion, actual cash flow is better than this figure.

  The development trend of profit growth is deterministic, and the outlook remains relatively optimistic.

In the short term, in the fourth quarter, the sales volume of the excavator industry maintained double-digit growth, and the growth rate of the crane machinery industry turned positive. In 2019, we believe that the company’s concrete, excavator, and crane machinery business revenue will increase by more than 30%.Through the optimization of product structure, the company’s gross profit margin remained stable at a high level of about 33%.

Initially, we believe that the amount of infrastructure and real estate investment will achieve a small positive growth. The construction machinery industry will generally operate smoothly in 2020, and Sany Heavy Industry will continue to maintain faster growth than the industry through market share increase.

  Earnings Forecast and Estimates Due to the improvement of profitability, we slightly increase the company’s 2019/20 earnings per share forecast4.

5% / 7.

1% to 1.


62 yuan.

The company’s current consensus corresponds to October 2019/20.2/8.

6 times P / E, estimated to be reasonably low, and maintain Outperform rating.

Considering the upward revision of earnings forecast and the estimated switch to 2020, we raise the company’s target price by 11% to 18.

00 yuan, corresponding to 13 in 2019/20.


1x P / E, compared with the current consensus, there is 29% upside.

  Risk infrastructure and real estate investment growth was slower than expected, and industry competition intensified.

Weichai Power (000338) 2019 First Quarterly Report Review: First-Quarter Performance Exceeds Expectation Steady Increase in City Share

Weichai Power (000338) 2019 First Quarterly Report Review: First-Quarter Performance Exceeds Expectation Steady Increase in City Share

Core Views The company achieved revenues of 43.2 billion in the first quarter of 2019 (ten years +15.

3%), to achieve net profit attributable to mother 25.

9% (+ 35%), net profit after deduction is 24.

5 ‰ (+23.

0%), the growth rate of net profit attributable to mothers far exceeds the growth rate of the heavy truck industry (+0.

3%), exceeding market expectations.

Q1 net profit exceeded market expectations.

The company achieved revenue of 43.2 billion in the first quarter of 2019 (ten years +15.

3%), to achieve net profit attributable to mother 25.

9% (+ 35%), net profit after deduction is 24.

5 ‰ (+23.

0%), the growth rate of net profit attributable to mothers far exceeds the growth rate of the heavy truck industry (+0.

3%), exceeding market expectations.

Q1 non-recurring gains and losses totaled 1.

4.4 billion, of which 0.

830,000 yuan is the financial income of structured deposits, 0.

US $ 4.7 billion in current government subsidies; losses due to corporate credit losses from 4 in the first quarter of 2018.

8.7 billion pounds2.

00ppm, mainly due to changes in the receivable budget structure for impairment losses.

The engine segment has contributed steadily to profitability, and the leading part has become stronger.

Weichai Power’s parent company realized revenue of RMB 12.8 billion in the first quarter (ten years +25.

8%), 四川耍耍网 and achieved net profit of 25%.

400 million US dollars (+ 37% a year ago), after deducting investment income, realize net profit attributable to mothers 25

2 ‰ (ten years + 50%).

The company sold a total of 22 multi-cylinder diesel engines in the first quarter of 2019.

920 thousand units, with a market share of 18.

6%, compared with 15 in 2018.

The increase of 8% is obvious; the sales volume of diesel engines for commercial vehicles is 16.

90,000 units, with a market share of 22.

2%, compared with 18 last year.

1% continued to improve.

We expect that infrastructure investment and real estate starts have picked up, and the company’s engine sales may continue to exceed expectations in April-May.

Previously, Weichai Power ‘s alpha attribute in commercial vehicles: it is not afraid of China VI disturbances, and its market share has continued to increase.

The national VI a standard for diesel vehicles came into effect on July 1, Beijing, Tianjin, Hebei, and the Pearl River Delta. It is expected that the replacement of heavy trucks will increase by 3-4 million.

The transition period of China VI will bring some disturbance to the industry’s sales in the short term, but we expect that the sales volume of heavy-duty trucks will still exceed one million.

In the medium term, the company ‘s State VI engine will start supporting FAW Jiefang (Changchun), China National Heavy Duty Truck and other new customers. Yangchai ‘s light truck engine is also expected to increase sales significantly.

In the long run, the company acquired core technologies in the fuel cell industry chain through the acquisition of Ballard and Sirius.

Weichai Power is expected to rely on the comprehensive layout of the fuel cell and vehicle industries, and join forces with Shaanxi Heavy Duty Truck, Zhongtong Bus, Yaxing Bus, and Sinotruk to build China’s first fuel cell commercial vehicle alliance. Risk factors: Heavy truck sales fall short of expectations; overseas business progress falls short of expectations; provision for large amounts of goodwill impairment.

Earnings forecast and forecast: Maintain the company’s EPS forecast for 2019/20/211.



38 yuan, corresponding to 10 in 2019/20/21.



7 times PE.

The company is a Chinese advanced manufacturing company with global core competitiveness. The diversification of business has improved and reduced the performance of the company and promoted growth.

We think the company’s reasonable estimate is 15 times PE in 2019 with a target price of 17.

2 yuan.

Maintain “Buy” rating.

Wingtech (600745): MOSFET price rises to benefit Ashi Semiconductor

Wingtech (600745): MOSFET price rises to benefit Ashi Semiconductor
Event: According to the latest data from WSTS, the prices of high-voltage MOSFETs have increased quarter-on-quarter, and the prices of low- and medium-voltage MOSFETs have remained firm. MOSFET prices rose quarter by quarter.According to the latest data from WSTS, the price of MOSFETs above 400V in 2Q19 was 0.It is about 43 US dollars, which is an increase of 2 from the previous month.3%, the price of 200V MOSFET is 0.Near $ 35, a 3% increase from the previous quarter.This is the third consecutive quarter of growth after the price bottomed slightly in the third quarter of 2018. Automotive, communications substrates and consumer electronics have strong demand for MOSFETs.Automotive MOSFETs are mainly used in power conversion of new energy vehicle powertrains, on-board chargers and inverters, and fuel vehicles are mainly used for engine control.The communication base station is mainly used in hot swap of switches and power supplies.Mobile phone consumer electronics are mainly used in fast charging.With the continuous expansion of new energy vehicles, the sales of BYD new energy vehicles have increased significantly at least in the first half of the year, the tide of capital expenditure construction for communications 5G base stations, and the demand for fast charging by consumer electronics have driven demand for MOSFETs. The overall expansion scale is limited, and automotive MOSFET supply continues to be scarce.Although Chongqing Bandai Semiconductor expanded its 12-inch MOSFET factory, its products are mainly concentrated in the relatively low-end consumer electronics market.Because the product has to enter the automotive MOSFET, it takes at least 5 years to be certified, and the international tier1 manufacturers will not easily change suppliers, so the price in the field of medium and high voltage MOSFETs continues to be firm.From the perspective of the delivery time of national manufacturers, the low-voltage MOSFET is still 36 weeks to 52 weeks, and there is a tendency to extend the delivery time. AXA’s customers are mainly from the automotive sector.45% -50% of the company’s customers come 杭州养生会所 from automobiles, 20% -25% come from industrial control including communication base stations, and the rest are consumer electronics.The competitive advantage comes from the long-term relationship with the four most important tier1 manufacturers in the world. Its products are almost all of the mainstream car companies. Even the products produced online are used in the consumer electronics field to meet the car regulation level. Profit forecast and rating.As the balance sheet has not been consolidated yet, without considering the acquisition, we expect the company’s EPS to be 1 in 2019-2021.05, 1.34, 1.84 yuan.Considering that after the company’s acquisition of Anshi Semiconductor, Wingtech and Anshi Semiconductor have a high degree of customer relevance in 5G communications, consumer electronics, and automotive semiconductors, with significant synergies. Maintain a “Buy” rating. Risk warning: 5G mobile terminal product development is not as expected risk; acquisition progress is not as expected risk.

Summer arrivals, summer health precautions


Summer arrivals, summer health precautions

At the beginning of May each year, it is the season of summer. At this time, the temperature of the weather is also obviously rising. Some microorganisms and bacteria are also beginning to be active. So, should we pay attention to it in summer?

What does Lixia pay attention to?

Come and have a look!

銆€銆€Li Xia Yang Xin good time to pay attention to 6 points: First, pay attention to the heart, eat some food to calm the nerves.

Li Xia is the first to raise the “heart”.

Chinese medicine believes that “summer gas and heart steam pass”, to be “out of anger and quit”, should not be overjoyed, to keep the spirit quiet.

It is necessary to keep the spirit quiet, emotionally open, comfortable, relaxed, and open-hearted. At this time, you can do more static cultural activities, such as painting, fishing, calligraphy, playing chess, planting flowers, etc.

In summer, the product of raising the heart and soothe the nerves is indispensable. Hey, Ophiopogon japonicus, jujube, lotus seeds, lily, bamboo leaves, cypress seeds, etc., can protect the mind and calm the nerves.

銆€銆€Second, pay attention to sun protection and avoid large movements.

Be careful not to sweat excessively. After exercise, you should drink warm water and replenish body fluids.

In summer, people are prone to sweating. “Chinese medicine believes that “sweat is the heart of the heart”, blood and sweat are homologous, and sweat is easy to hurt the yin and yang.

In addition, the summer temperature is high, and the blood volume distribution on the body surface is too large, which is easy to cause symptoms of cardiovascular and cerebrovascular diseases in the elderly, so it is necessary to pay attention to not excessive sweating in summer.

But when you sweat, you have to sweat, and the elderly can’t sweat. The time to turn on the air conditioner in the room should not be too long.

The selected sports should not be too intense, instead of relatively peaceful sports such as Tai Chi, Tai Chi Sword, walking, jogging and so on.

銆€銆€Third, pay attention to the function of the heart, pay attention to the method of health, heart and yin and yang, both to raise “heart yang” and to raise “heart yin”.

Heart qi refers to weakened heart function, manifested as flustered heartbeat, chest tightness, shortness of breath, increased weight after activity, and sweating.

If you do not pay attention to maintenance, the development of heart yang will appear flustered, asthma increased, and chills and cold limbs, chest pain and suffocation, pale complexion and so on.

People who have symptoms of qi deficiency or heart yang deficiency should avoid sweating in the summer, so as not to hurt the heart, ginseng can be used (2?
3 grams), American ginseng (3?
5 grams) soak in water, or take Shengmai drink (ginseng or Codonopsis, Ophiopogon japonicus, Schisandra) oral solution.

Heart yin deficiency refers to the lack of heart yin and blood, which can cause some symptoms of heart and blood deficiency.

The main feature of heart yin deficiency is yin deficiency and impotence, which is characterized by five upsets, dry throat, insomnia, and heartbeat.

Those with heart yin deficiency need to pay attention to less fatigue, less sweating, and more food to eat the heart, such as American ginseng 3 grams, Ophiopogon 3?
5 grams, or eat rock sugar jujube millet porridge, or eat lily powder and white fungus lotus seeds.

銆€銆€Fourth, don’t eat cold food right away.

Do not eat food that has just been taken out of the refrigerator.

People’s chronic temperature is generally around 36 掳 C, and the food just taken out of the refrigerator is only 2 掳 C?
At 8 掳 C, the gastrointestinal tract is prone to diarrhea after being strongly stimulated by low temperature.

Therefore, the food taken from the refrigerator should be eaten at room temperature for a while.

銆€銆€Fifth, pay attention to the quality of sleep, pay attention to a reasonable supplementary structure.

Have enough sleep.

In the summer, the elderly are prone to physical and psychological fatigue, languid, just want to lie on the bed, do not want to eat, do not want to participate in social activities, just want to stay at home.

In such a situation, the elderly should go out outdoors, interact with people, travel more or go to the park to enjoy the scenery, and change to “bitter summer” to enjoy the summer.

銆€銆€Sixth, the arrival of early summer, the temperature difference between day and night is still going on, and it is necessary to add clothes in the morning and evening.

銆€銆€In the summer season, health care should be prevented from entering the four major mistakes: drinking more beer can relieve the summer and drink more beer, which is to dissolve the heat and avoid serious symptoms.

On a hot summer day, drinking beer does have a cool feeling.

However, drink more people feel dry mouth and dry skin, body heat.

Because beer contains alcohol, if you drink too much at a time, the alcohol content entering the body will be too high.
If you continue to drink beer, the “hot” feeling caused by alcohol will continue, thirst, and sweating symptoms will increase.

銆€銆€The sooner the morning exercise is, the better. Many people think that the sooner the summer morning exercise, the better.

In fact, before dawn or when the sky is bright, the air is not fresh, which is not conducive to fitness.

According to expert research, before 6 o’clock in the summer, the anomalies in the air are the least likely to spread, which is the peak of pollution.
In addition, before sunrise, there was not much fresh oxygen around the green plants because there was no photosynthesis.

Too much practice in the morning is easy to catch a cold, causing joint pain, stomach pain and other complications.

Therefore, the morning exercise time in summer should not be earlier than 6 o’clock.

銆€銆€Lixia indicates the beginning of summer. At this time, living habits and diet should be paid special attention to avoid bad habits. Lixia should also pay attention to clearing heat and heat, let’s take a look!

How to deal with – the psychological gap of the elderly –


How to deal with: the psychological gap of the elderly?

Why do these retired elderly people have these abnormal situations?

The reporter interviewed the teacher Li Peiyang, an expert on the problem of old age.

Teacher Li said that if a retired old man can be psychologically prepared before he retire, it will be more likely to accept changes in social roles, and there will be no sense of loss and loneliness, and no abnormal behavior will occur.

After retiring from the army’s writing work, Zheng Lao not only did not feel lost, but was more able to concentrate on writing things. He wrote more than 400 lyrics in one year.

He used to be the backbone of the entertainment in the unit. Now he often teaches others to sing, and he simply does not feel that he is retiring.

銆€銆€Some suggestions for retired people: First, there must be a correct view of retirement.

Regardless of the position, people always have a day of retirement. This is an inevitable process in the life course.

銆€銆€Second, let the mind and behavior advance in place.

Before retiring, talk less about retirees as appropriate.

To be a leader, take less bus rides and less entertainment.

銆€銆€Third, retired elderly people should observe more social phenomena, participate in some social activities, and exert their own residual heat and expertise.

銆€銆€Fourth, retired old people should be good at learning, pay attention to the old use, and have an old-fashioned attitude. They should not be able to learn the useless ideas and not seek advancement.

銆€銆€Fifth, we must enrich the life of the elderly, expand our social circle, circle of friends, re-form a new range of life, understand different life, and enrich our lives.

銆€銆€Sixth, if the economy allows, you can also accompany travel or participate in fishing, mountain climbing and other activities.

In addition, family understanding and help is very important.

The role of his wife is huge. He should help him or her to be mentally prepared in advance. For example, they can discuss with each other what they are going to do after retirement. They are going to travel or doing some sideline business, so that they can relax completely psychologically and cope with it.

In addition, the children of retired elderly people should also relax in language, comfort the elderly and chat with the elderly.

If the elderly like sports, buy them some sports equipment and magazines, encourage them to develop hobbies, and help them adapt to the new life after retirement.