Hongfa shares (600885) 2019 first quarterly report comments: performance in line with expectations continued high growth in emerging businesses

Hongfa shares (600885) 2019 first quarterly report comments: performance in line with expectations continued high growth in emerging businesses

Investment Highlights The company released the first quarter report of 2019: realized operating income16.

$ 2.5 billion, growing by 1 every year.

82%; net profit attributable to mothers1.

5.7 billion, down 5 each year.

61%, with a budget benefit of zero.

21 yuan; net profit deduction for non-attribution1.

500,000 yuan, in line with market expectations.

  Revenue growth was short-term and profitability remained stable.

Gross profit margin for the first quarter of 2019 was 38.

17%, down by 1 every year.

44 points; net margin is 13.

42%, a decrease of 0 every year.

78pct, 2014-2019Q1 The company’s gross profit margin and net profit margin remained relatively stable.

  Emerging business continued to grow rapidly, and power relays returned to high growth.

In the first quarter of 2019, the company’s emerging business achieved rapid growth. High-voltage DC relays and low-voltage electrical appliances increased by 58% / 31% every time; power relays benefited from the rebound in meter bidding volume and returned to a higher growth rate of more than 20%.

  The growth rate of industrial control relays continued to increase, and automotive relays fell more than expected.

In the first quarter of 2019, the company’s industrial control relays and signal relays benefited from the recovery in downstream demand, which increased 北京夜网 by 40% / 37% respectively, and the growth rate continued to increase. The automotive relays were affected by the shrinking of the overall automotive industry demand, at least 30%, which fell faster than expected.The home appliance industry adjusts, and the decline rate stabilizes every six.


  Continued high R & D investment shapes global competitiveness.

The company consumed zero R & D expenses in the first quarter of 2019.

7.4 billion, an increase of 10 per year.

6%, R & D expenses accounted for 4.

6%, budget R & D expenses accounted for about 5%, adhere to high R & D investment, and continue to improve the global competitiveness of products.

  Investment suggestion: We expect the company’s net profit from 2019 to 2021 to be 8 respectively.



5 billion yuan, EPS is 1.



68 yuan, corresponding to the closing price of PE on April 29, 2019 were 21.




4 times, maintain prudent overweight rating.

  Risk reminder: less-than-expected progress in capacity growth and less-than-expected macroeconomic growth

Qianfang Technology (002373): Company’s Performance Maintains Steady Growth and Collaboration with Ali Strengthens Future Expectations

Qianfang Technology (002373): Company’s Performance Maintains Steady Growth and Collaboration with Ali Strengthens Future Expectations

Event: The company released the third quarter report of 2019 and achieved operating income of 56.

930,000 yuan, an increase of 26 in ten years.

33%, net profit attributable to mother 5.

910,000 yuan, an increase of 20 in ten years.

54%, deducting non-net profit 5.

23 ppm, an increase of 35 in ten years.


  The company’s third quarterly report maintained steady growth.

The company’s single-quarter operating income in the third quarter was 21.

40,000 yuan, an increase of 29 over the same period last year.

14%; net profit attributable to mother is 2.

1.7 billion, an increase of 6 every year.

57%; net profit after excluding non-recurring gains and losses is 2.

10 ‰, an increase of 34 per year.

04%, continuing the steady growth trend in the second quarter.

  The company and Ali have joined hands in the construction of smart transportation, and future growth is expected.

Following the joint launch of the “Urban Brain Traffic Management Joint Solution” with Alibaba Cloud and Gaode in 杭州夜网论坛 August, the company released solutions such as smart highways and smart aviation at the Yunqi Conference in September, fully integrating the two parties in cloud computing and transportation.In the field, we will focus on promoting the application of the solution in the construction of smart cities in the future.

According to IDC’s forecast, China’s smart city technology spending will reach 38.9 billion US dollars in 2023, and the annual investment growth rate in 2019-2023 will remain at about 13%. The three core areas of smart grid, smart video surveillance and smart transportation will account for the total investment.With half the investment, the company can get more technical support and business introduction through Ali in the future to help business upgrade.

Intelligent security stands firm and leads the technological upgrade with the “Visual Wisdom Internet of Things” as its core.

Yushi Technology, a subsidiary of the company, focuses on intelligent security, constantly refreshing its best results in global competitions, and technology accumulation brings benefits. According to the “2019 Global Video Surveillance Information Service Report” released by IHS Markit, Yushi TechnologyThe ranking rose to the fourth place (based on the 2018 performance), and the rising ranking shows the company’s market influence.

  Earnings forecast: We expect the company’s EPS for 2019/2020/2021 to be 0 respectively.

66 yuan, 0.

85 yuan and 1.

07 yuan, given a “buy” rating.

  Risk warning: Government investment growth is slower than expected, and security overseas business expansion is lower than expected

Eating rootless sprouts may cause cancer

Eating rootless sprouts may cause cancer

Many families like to choose bean sprouts that have no fibrous roots, short stems, and small buds. They think that this kind of bean sprouts is tender and crisp, has less waste, and cooks quickly.

But experts remind that this kind of bean sprouts is very toxic, has a certain carcinogenicity, and is harmful to the health of the body.

  According to experts, this type of rootless bean sprouts is added to a substance called a “herbicide” during the breeding process to promote growth. The herbicide is very toxic and can inhibit the normal growth of plants, leading to plant deformities and long stems, Does not grow roots and heads, and will destroy nutrients such as proteins, vitamins, minerals.

  People eat bean sprouts that contain herbicides to cultivate hair, and its various chemical toxins can inhibit the growth of various human cells and invade and destroy tissues.

If you regularly eat bean sprouts with a high herbicide concentration, it will inhibit the growth of various types of cells in the body or degeneration of tissues, causing some cells to mutate and gradually become fragments.

In addition, it can cause chronic poisoning in some tissues, leading to metabolic disorders.

How to take good care of facial paralysis?

How to take good care of facial paralysis?

General care: should avoid wind and cold, wear a mask when going out, pay attention to facial warmth, apply hot water (about 70 seconds) with a towel and apply the affected face 5-6 times a day for 10 minutes each time.

You can also use a hot water bottle to apply heat to your face. The temperature should be about 70, 3-4 times a day, 20-30 minutes each time. You can also use infrared radiation. Use wet gauze to cover the eyes that cannot be closed.-20 minutes, 2 times a day.

After irradiation, gently touch the face under your hands to promote blood circulation and make it better.

  As this disease affects chewing, food tends to stay between the cusps of the affected side when eating and chewing. Therefore, oral care should be done. Rinse mouth with 3% soda or warm water after meals and brush your teeth before going to bed.

  Eyelids cannot be closed, apply eye ointment before going to bed, and cover the eyes with wet saline gauze to protect the cornea.

  Emotional care: The onset of this disease suddenly, some patients lack of understanding, inner depression, causing changes in face, silent all day long, more patients are worried about the prognosis, according to the patient’s various concerns, sincerely and patiently explain the questions raised by the patient, And proactively explain to the patient the cause of the disease and the prognosis of the change in the condition.

Patients with crooked faces should try their best to considerate care, strengthen the help in life, and communicate in language.

The patient was respected and comforted, his emotions were pleasant, and the blood and blood flowed smoothly, so that the patient could drive away the heart disease, remove anxiety, build confidence, cooperate with the treatment, and he must recover.

  Adjusting the diet: As the disease reduces appetite and chewing function and affects appetite, patients should be encouraged to eat as much as possible, given the appropriate patient’s taste, and nutritious, delicious and light, easy to digest semi-liquid or soft diet, to avoid spicy cold stimulation products.

Control weight baseball secret recipe

Control weight baseball secret recipe

Losing weight is not a one-off event. As long as you pay more attention to your daily life, you can achieve health, safety and fundamentally achieve the purpose of weight control and maintain a good body.


Avoid fast weight loss: After successful weight loss, it is difficult to maintain the effect of weight loss. The reason is that the rapid weight loss method does not belong to natural living habits.


When you are hungry, it is when your body burns your aunt: At this time, exercise for half an hour to an hour, the best effect of burning aunt, pay attention to add water after exercise.


Snacking every meal: This is the best way to satisfy your appetite and reduce your food intake.


Avoid snooze: sleep seven hours a day, sleep, sleep rate is lowest, energy consumption is reduced, suffering from headaches and a small amount of synthesis increased, snooze but eat less will also be the main cause of weight gain.


Just enough sugar and oil: reduce daily sugar (rice noodles) and oil?

Food intake is a necessary method of losing weight.


Do not drink cooking soup: This soup has high oil content and easy to absorb, which is very easy to make people gain weight.


Leisure time, eat less: low metabolic rate during leisure, less accumulated consumption, food transfer should be reduced as appropriate.


Do not eat late at night: sleep and feed, the conversion is most likely to turn into a mole, stacked in the abdomen

Experts suggest low fat, eat coarse grains

Experts suggest “low fat, eat coarse grains”

“Coarse grains will gradually be accepted by people, not only its efficacy, but also its taste.
Dr. Chai Xizhong, a nutrition expert, said.
銆€銆€Both men, women and children can get the nutrients they need from the coarse grains.
Although people have always had certain rhetoric about the taste of coarse grains, fine grain coarse grains are complementary to each other and are indispensable.
Just as in the “Yellow Emperor’s Canon”, “the grain is the nourishment, the five fruits are the help, the five animals are the right, and the five dishes are the charge.” Everything has its functions and is mutual.
銆€銆€Coarse grains can not only be matched with fine grains, but also neutralized with meat and fat foods.
It can help you balance your diet and help you regulate your stomach. It can be described as “force”.
銆€銆€Coarse grains have many amazing effects, such as the most popular “sports” of the moment – to lose weight.
Because the dietary fiber of coarse grains can prolong the retention time of food in the stomach and give you a strong feeling of fullness, it avoids the excessive intake of heat, fat or sugar, and achieves the effect of losing weight. It is called “low fat, eat”Coarse grains.”
銆€銆€In addition, coarse grains can even prevent depression.
According to American psychologists, a high-calorie diet exacerbates the onset of depression, and dietary fiber has a calming effect.
The main nutrient element in coarse grains is dietary fiber. It can be said that the benefits of coarse grains are numerous.
銆€銆€Dr. Chai Xizhong, a famous nutrition expert, also proposed a new concept of 鈥渃oarse grains for food鈥?
He believes that coarse grains are an excellent combination of fine grains, but long-term consumption of a kind of coarse grains will also violate the principle of dietary diversity, and there is a related discussion on nutrition: it is difficult to meet the diversified nutritional needs of the human body by taking only one type of food for a long time.Under the premise of eating coarse grains, different types of coarse grains are used for rotation.
For example: Monday is corn, Tuesday can be changed to sweet potato, which can help the regulation of the gastrointestinal tract, and does not produce boredom on the taste, it can be described as two birds with one stone.
銆€銆€But how do consumers choose to face coarse grains?
Choose a product that is easy to eat, take into account the taste, and easy to adhere to.
Green processing technology, whole grain, no additives such as non-dairy creamer.
Large-scale enterprise products with excellent production areas, excellent materials and good quality control.
銆€銆€Deokingfang, a well-known brand in the coarse grain industry, will launch a new series of coarse grains in the near future. It will make consumers feel different in terms of taste and raw material selection, and the foods made from various coarse grain raw materials will satisfy the 鈥渃hanging to eat鈥?New concept.