Datong Coal Industry Co., Ltd. (601001) commented in the Interim Report: Tashan Mine’s main profit contribution is still in the reform of state-owned enterprises

Datong Coal Industry Co., Ltd. (601001) commented in the Interim Report: Tashan Mine’s main profit contribution is still in the reform of state-owned enterprises

Event description The company issued its 2019 Interim Report on August 27: operating income of 57 in the reporting period.

One million yuan (+7.

38%), net profit attributable to mother4.

5.5 billion (-4.

23%), where Q1 and Q2 are 2 respectively.

36 and 2.

1.9 billion, the company’s net profit after deduction to the mother is 4.

5.3 billion (-5.

30%), with a budget benefit of zero.

27 yuan / share (-3.

57%), with an expected average ROE of 7.
.

93% (-0.

23pct).

Incident reviews decreased, but production and sales increased, and coal business achieved growth.

According to the reported amount, the company’s main coal business accounted for 94%杭州夜网论坛.

From January to June, the company achieved 1,629 raw coal production.

22 inches (+29.

38%), which is mainly the production of serenite and is shown in Table 188.

The output of 29 vineyards and Tashan mines reached 1,407.

01 benchmark (+16.

38%), while the company’s headquarters produces 33.

92 constant (-32.

46%); the company achieved 1,349 coal sales during the reporting period.

61 benchmarks (+26.

64%).

The average selling price of ton of coal during the reporting period was estimated at 396.

67 yuan (-15.

17%), sales income 53.

5.3 billion (+7.

43%) and cost of sales 22.

9.7 billion (+15.

66%), the coal business achieved a gross profit of 30.

5.5 billion (+1.

98%) gross profit margin of coal business 57.

08% (-3.

06pct), although the gross profit margin fell, but benefited from the 西安耍耍网 breakthrough in output growth, the coal business continued to grow.

As the price of thermal coal in the first half of 2018 was at a historical high during the same period, the decline in the reporting period decreased, but compared with the same period in 2018, the average sales price during the reporting period only decreased by 2.
26%, through the winter in the second half of the year, thermal coal prices are expected to pick up, and coal business is expected to continue to grow.
Gross profit per ton of coal decreased, and profits were still mainly provided by Tashan Coal Mine.

The total number of reports is 396.

67 yuan / ton (-15.

17%), gross profit of 187 tons of coal.

57 yuan / ton (-21.

17%), of which Tashan Mine chloride 445.

01 yuan / ton (-5.

87%), the decline in the ton of coal index was mainly due to the decline in the price of coal in the Selian and Xinzhou kiln mines.

For other businesses, the comprehensive purity of activated carbon products is 6358.

17 (+20.

00%), gross profit per ton of 237.

5 yuan, to achieve a loss; Kaolin comprehensive bid 1564.

67 yuan / ton (-0.

4%); from the perspective of gross profit composition, Tashan Coal Mine achieved a gross profit of 32 in the first half of the year.

4.5 billion, Ceramite gross profit -0.

700,000 yuan, Xinzhou kiln mine gross profit 0.

580,000 yuan, 0 in other businesses

5.0 billion, kaolin gross margin -0.

0.5 billion.

In terms of gross profit distribution, Tashan Mine is still the company’s main source of profit, and its profit structure is relatively single.

The biggest focus is still the state reform, the length of asset securitization space.

2019 is the “decisive year” for Shanxi’s state reform. The reform of state-owned enterprises of coal enterprises is mainly achieved through two channels: mergers and reorganizations and asset injection.

Combined with the “listed company +” strategy formulated by the initial SASAC, we have reason to believe that the company will continue to promote asset securitization and increase the speed of capital market operations.

At the same time, the company’s controlling shareholder, Tongmei Group, reached a capacity of 1.

600 million tons / year, many of which are profitable mines with better profitability.

In accordance with the commitment to resolve homogeneous competition and the requirements of national reform, the company still needs a certain amount of space for asset injection.

Investment recommendations We expect the company to achieve net profit attributable to shareholders of the parent company in 2019/2020/2021, respectively.

13/7.

21/7.

58 million, equivalent to 0.

43/0.

43/0.

45 yuan / share, corresponding to the closing price of 4 on August 29.

29 yuan / share, PE is 10 respectively.

1/9.

9/9.

5, PB are 1.

4/1.

2/1.
1.
At present, the company is estimated to be at a historically low level, and the space for national reform is yet to be exerted. It is given an “overweight” rating.

There are risks macroeconomic downturn; coal consumption growth exceeds expectations; production safety risks; non-coal products prices exceed expected decline risks; secondary market decline exceeds expectations.

Help you protect your eyes

Help you protect your eyes

Office workers often look at the computer screen for a long time because of work. Over time, it will inevitably cause discomfort such as vision loss, eye pain, fear of light, and reduced dark adaptability. Here are some tea drinks to help you protect youreye.

  ◆ Chinese wolfberry tea Chinese wolfberry is rich in β-carotene, vitamin B1, vitamin C, calcium and iron. It has the effects of nourishing the liver, replenishing the kidney, and has a clear effect.Eating can help the office workers with sour eyes, fatigue, and deepened vision.

  ◆ Eucommia ulmoides tea Eucommia ulmoides blood and strengthens bones and bones. It is very helpful for sitting for a long time, back pain and back pain. Both men and women can drink it. If female friends can take it with Siwu Tang at the end of the physiological period.

  ◆ Cassia seed tea Cassia seed has the functions of clearing heat, eyesight, nourishing the brain, relieving liver qi, and strengthening bones and bones. If you have constipation, you can also take it after dinner and dinner, which is very effective in treating constipation.

  ◆ Green tea Green tea contains powerful antioxidants catechol and vitamin C, which not only can remove free radicals in the body, but also make the paranephric cortex secrete hormones to fight against stress. Of course, the small amount of caffeine contained in green tea alsoIt can stimulate the central nervous system and boost the spirit. It is best to avoid sleep during the day and night.

  ◆ Chrysanthemum tea has the function of clearing the eyes and clearing the liver. Some people simply drink chrysanthemum and wolfberry together, or make it into honey chrysanthemum tea, which is very helpful for evacuation of liver and depression.

How should horny products be picked?

_1

How should horny products be picked?

In summer, the temperature rises, and the skin’s activities are repeated more and more.

The stratum corneum is protected by ultraviolet light, which automatically tightens the skin and no longer places it in accordance with normal procedures.

This physiological reaction will cause the skin’s ability to breathe and absorb water to decline, and even stop the pores from causing annoying acne, so exfoliating work should be one of the focuses of summer skin care.

  Should you choose an exfoliating product?

  There are many types of exfoliating products, the more common ones are scrubs and exfoliating masks.

Scrub-type products contain fine particles to remove aging keratin when rubbed against the skin; while the exfoliating mask contains keratin peeling and promoting exfoliation, the keratin is removed by dissolving.

  ?

Dry, susceptible skin is best replaced by exfoliating cream, because it does not rub the skin, it is an alternative to skin irritation.

  ?

Sensitive skin is not suitable for exfoliating.

  ?

Oily skin, mixed skin are similar to the use of various products, but it must be noted that the method must be gentle, so as not to damage the skin.

The important exfoliating area is the T-shaped area with large oil pores and large pores.

  How should you use exfoliating products?

  ?

Do not exfoliate!

Incorrect exfoliation (including excessive use and excessive force when rubbing) may thin the skin, reduce its own resistance, and cause skin sensitivity.

  ?

The frequency of exfoliation varies from skin to skin. Oily skin should not be used more than once a week; normal or combination skin should be used once every two weeks; dry skin should be used once a month.

Exfoliating is generally less frequent in winter than in summer.

  ?

If you use products that promote keratin residue daily (such as some whitening products that contain mild exfoliating ingredients), you can reduce the frequency of keratin products.

Office men and women, hidden workplace

锘?

Office men and women, hidden workplace

John Gray’s substitution in “Men from Mars, Women from Venus”: “Men and women are like different planets, speak different languages, have different emotional needs, think in different ways of thinking.
鈥?
“The essence of the emotional world, why not the workplace?”

銆€銆€Today, we asked Ms. Wang Yuru, the president of the Shanghai Association of Psychological Counseling Industry, to interpret the differences between men and women in the workplace to promote further understanding between men and women.

銆€銆€There is a globally renowned foreign company that asks me to give a psychological lecture to their female staff.

They came up with a translation: “How do women compete with men on an equal footing in today’s workplace?”

銆€銆€In order to prepare this lecture, I was able to regain my peace of mind and think about how much difference between men and women in the workplace.

銆€銆€Although the increasingly fierce competition in the workplace has made the gender gap between men and women more and more neglected, women have almost lost the protected privileges in the workplace, but we have to admit that there is still a huge gap between men and women.The difference.

If we can understand and accept the facts and give full play to the advantages of men and women, then we will definitely live and work more easily.

銆€銆€1, the smarter the woman is, the more fragile the man is, the smarter the man can be.

銆€銆€Smart women are usually sensitive, and sensitive people react particularly strongly to external stimuli.

When a female suspect is uncomfortable with her own negative emotions, stress and certain risks, she may be frustrated and uneasy, and retreat in the workplace.

Being smart makes women successful, and it is easy for her to be stress-free.

On the contrary, men’s ingenuity makes them successful in their careers, and they are more confident and bolder.

The fragility of women due to cleverness is actually rooted in the patriarchal culture of 鈥渨omen’s talentlessness is morality鈥? Even today, smart women are very popular in the workplace, but in the field of family life, they are often not valued.It is the advantage of a woman.

銆€銆€The cleverness of women is the result of the accumulation of knowledge and the evolution of the information age.

We can no longer return to the past when women do not smell the window. Women can only have a bright future and a future if they accept and adapt to their own intelligence.

銆€銆€2, women are worried because they get, men are worried because they don’t get it.

銆€銆€Men tend to have conquest anxiety.

When they have not yet got a position or achieved a certain purpose, they must consider that they do everything possible to move forward, and once they get it, they will be casual and show their arbitrariness and laxity.

The woman is the opposite. When she doesn’t get it, she is chic, and once she gets it, she starts to worry.

Women are not afraid of getting it, even fearing it and losing it.

銆€銆€In terms of sexual sentiment, the typical manifestation of this kind of psychology is that the girl is a proud princess when she is in love, and once married, the woman has the disloyalty of the man and hates to tie her husband to his belt.

This psychological cause is due to women being used to guarding and men accustomed to attack.

And women can only have a stable and harmonious mood if they are more independent in their psychology and personality.

銆€銆€3, the younger the woman is, the more attractive the man is, the more mature the man is.

銆€銆€This state is related to the age of birth of men and women.

The younger the woman, the easier it is to breed, and the male reproductive cycle is much longer than the female.

When a man sees a young woman, he or she may have an instinctive impulse. This impulse is a life impulse.

In business, the more mature a man is, the easier it is to succeed. Therefore, successful men and young women are mutually attractive targets.

銆€銆€However, older women do not have to lose. When the red face fades, wisdom grows.

Wisdom and beauty are two important components of a woman’s charm, and wisdom is continuous and more reliable.

銆€銆€4, the more successful a woman’s career is, the more emotionally dependent, the more successful a man’s career is in independence.

銆€銆€As can be seen from some of the examples around us, women who have a successful career often have apologies for men.

A successful wife may feel guilty for not having time to cook for her husband, and the title of 鈥渟trong woman鈥?is usually the same as marriage unfortunately.

The initial motivation for a woman to pursue a career may be for her husband and children, but once a woman’s career is successful, she will lose her confidence psychologically.

Men, on the other hand, feel good about themselves because too many men regard success as their first pursuit.

銆€銆€Therefore, to be a happy woman, we must be persistent and confident in our career, and we must be independent and confident in our lives.

銆€銆€5, women are prone to extreme impulses, men are more concerned about both.銆€銆€Women often scorn gas and ignore actual interests.

Women are heavy feelings, in order to feel that they can ignore other things, especially when they are wronged.

The extinct men are rational, they can analyze the pros and cons of the problem, and can bear the burden for the benefit.

Psychologically, men are more able to withstand stress than women.

In this regard, women must learn from men, learn to control their emotions, and do both.

銆€銆€6, women often play weak, men are more powerful.

銆€銆€The weakness of a woman is a weapon of female self-protection.

銆€銆€Women often use the weak to mobilize the strong sense of men, long-term male protection, which is also a strategy of weak system.

Seeking protection is a woman’s nature. Being protected is a woman’s decent, and men are willing to replace the role of protecting God. It may be because Chinese traditional belief that women are male attachments and that women are owned and dominated by men.

At this point, women go with the flow, replacing their own weakness with the power of men.

銆€銆€7, women confide to eliminate anxiety, men use solitude to ease tension.

銆€銆€Women’s effective life is shorter than men’s, and some women’s reproductive life is better than men’s.

But women’s absolute life expectancy is longer than men’s, because women’s decompression ability is stronger than men’s, and a good way for women to self-decompression is to talk.

Once the mind is spoken, it is transferred to the listener, and the confidant gets a lot of emotional relief.

The psychological root of women’s good at confessing is that women are willing to admit their incompetence and weakness, and actively deal with their emotions.

However, men are affected by the strong culture of patriarchal rights that 鈥渉ave tears and do not smack鈥?and 鈥渉ave a bitterness鈥? When the pressure is hard, the result is often hurt.

According to some data, men are used to relieving tensions by being alone, especially for work stress.

Therefore, women should also understand this special decompression method for men.

銆€銆€8, women care about the process, is expected to do better, men estimate the results, not pay attention to the way.

銆€銆€Women do things not only for the end result, but also for the enjoyment of the process.

Men often go straight to the subject, only to achieve the goal and not care about the process.

Women rely on the feeling of life, no matter how beautiful or young, women are almost idealists.

Dreams are the sun and rain in women’s lives, they are concerned, and being cared for is the natural psychological needs of women.

Men’s purpose is very strong, which is directly related to men’s strong pursuit of material desire.

Men are born with the responsibility of “cultivating the family and ruling the country”, so they seem to be on the road forever, always full of goals, but often worried.

銆€銆€In fact, women who have no goals do not hinder and set themselves a lofty goal.

Completing the task and achieving the goal is a feeling of incomparable pleasure. It is the smooth realization of the vital energy and the free realm of the individual’s will.

銆€銆€9, women care about the evaluation of others, men know their feelings.

銆€銆€Women are close to “narcissism” in psychological feelings.

Women’s pursuit of their own image is always insatiable, and they are also preoccupied with their own conduct.

The reason for this is that women often play the role of being selected, whether in marriage or family life, or in social and public activities, rather than picking others like men.

Therefore, after the precipitation of life and psychology, women care about their own image and conduct, because it is directly related to the fate of women.

Men, as the absolute leader of society and family, their relative state of life and psychological feelings are relatively free and independent.

The man’s feelings should be the same as the saying: the art high is bold and the gallbladder is higher.

Even he was frustrated. The fact that he is a man also makes him confident. This is a potential psychological advantage.

銆€銆€At this point, women have to learn from men, so they feel that they should get from their own psychological feelings, not from external evaluations.

銆€銆€10, women are thick and thin, men are explosive.

銆€銆€In the workplace, women are basically 鈥渙ld oxen-style鈥?employees, and their performance evaluation is generally conservative (except for the new generation).

The occurrence of this phenomenon is still related to women’s self-depression.

The number of women is hardworking at work, and once again subconsciously afraid of their own growth.In the early days of reform and opening up, in some of the Hong Kong and Taiwan TV dramas introduced, quite a few of the plots were that women in the workplace feared that they would become “men and women.”

銆€銆€The psychological roots of women’s accumulation of hair are the fear of their own rapid growth, the fear of their careers, and the pressure on the workplace.

Therefore, the development of women in the career is conservative.

Men, on the other hand, are particularly prosperous in their efforts.

This is reflected in the fact that when reading too many male students, reading is not very hard, but the test scores are not worse than girls.

Men’s stress ability is stronger than women’s, and the longing for interest is more direct and more urgent, so most men have the explosive power to bear.

銆€銆€In fact, in today’s society, women do not have to be too polite in their careers, too modest, and should sprint forward whenever possible.

銆€銆€11, women do not want to be the same as the boss, men do not want the opposite sex as a boss.

銆€銆€This kind of psychology stems from the implantation of women into women.

In a typical patriarchal society, women often strive to please men and compete with women in order to gain more resources and opportunities.

Under such circumstances, it is not difficult to understand the fact that women help men bully women.

At the same time, due to the psychological distrust of women, it also casts a distrust of the female boss.

There is also a psychological habit of staying, that is, some women believe that as long as they surrender to men, they can be protected by men and they can feel safe.

For male subordinates, the general female boss can’t make him trust in his ability. He is psychologically unwilling to accept female leadership.

銆€銆€In this respect, some men will surround the dilemma: or the female leader is very strong, and the man feels very inferior.

Either the female leadership level is not good, the man feels awkward and feels that he has no future.

銆€銆€Women are kind to men, but they must be kind to women.

Between women and women, only the true acceptance, is the best way to get along.

銆€銆€12, women consider how to let others accept themselves, men are used to thinking about how to conquer others.

銆€銆€A woman is a soft animal that is forbearing.

Women are willing to squeeze themselves and squeeze themselves to prove themselves.

Reputation is important to women’s inner feelings, and it is equally important for women’s external development.

A woman who is not accepted by her population must have a bad psychological feeling, and such complications will hinder her growth.

For men, they are more accustomed to integrating their own resources and directly self-centered to conquer the outside world.

銆€銆€It is a kind of charity to pay attention to the feelings of others, but we must have enough confidence to accept ourselves.

To be like a man, discover your potential and pursue your goals.

銆€銆€13, women are more accustomed to try to figure out themselves, men are more willing to rate others.

銆€銆€In terms of self-understanding, it is almost common for women to try to figure out how they feel.

Women are in the sense that women feel far more developed than men.

That’s because women’s living space and angle are narrower than men’s, and women are good at thinking animals, so they grow up through “self-analysis” and “self-awareness.”

That is a way to enrich yourself without resisting others.

Men who are jealous of others are competing for competition. It is a kind of research and contest, which is to carry out actions rather than think.

銆€銆€If a woman can concentrate energy on the outside world, then the woman’s achievement cannot be estimated.

銆€銆€14, women accept challenges, men challenge others.

銆€銆€The strength of a woman is the challenge of accepting others, including the suffering that others have brought to her.

The ability of a woman to suffer is incredible. In this kind of tolerance, she will be beautiful because of piety, because she is strong and gentle, she is embarrassed by hardships, and she shines with frustration.

For men, challenging others is a process of sublimating themselves.

銆€銆€Women can accept challenges as talented, but women can challenge themselves and others.

That is a proof of energy.

Being able to challenge others is a new challenge for women, which is why women are more flexible and stronger.銆€銆€15, women pay attention to the feelings of the boss, men value their rights.

銆€銆€Some people say: three treasures in a woman’s heart, her husband’s children and leadership.

This shows that in real life, the relationship between the boss and the female subordinates is indeed very close.

In dealing with the boss, women are mainly adapted, while men are mainly responding.

In fact, male subordinates will not try to figure out the importance of leadership after work. They will only find countermeasures when they encounter problems and leave room for themselves.

The female subordinates care about the boss’s thoughts and often correct themselves to suit the boss’s work style.

This is why a man can successfully lead a group of female abilities.

銆€銆€Women are realists, idealists, and romantics.

Women pay attention to their feelings, but they should pay attention to their own interests and pay attention to their overall quality of life.