LPR has not changed in March, and the next wave of interest rate cuts is expected to be on the road

LPR has not changed in March, and the next wave of interest rate cuts is expected to be on the road
There will certainly be an up-to-date quote for the LPR (Loan Market Quoted Interest Rate) that is likely to offset the bank ‘s debt situation and “make profit” expectations.According to the interbank lending center announced on March 20, the 1-year LPR is 4.05%, LPR is over 5 years.75%, which remained unchanged from the last quotation.In this week’s directional downgrade landing, the LPR market remains unchanged, making others feel slightly more than expected.However, in the February 1-year period, LPRs with a period of more than 5 years have “double-dropped” once, causing people to believe that the situation of internal rework and resumption of production has improved significantly, and the economy itself has recovered faster. The current urgency of lowering LPR again seems notBig.In addition, 150 trillion stock loans will be linked to LPR from March. If the interest rate of loans is continuously lowered, it will also make the banks unable to eat up.One way to help banks further reduce the interest rate to the real economy, while not overburdening them, is to cut interest rates temporarily.Especially in the current environment where more than 20 countries around the world have successively cut interest rates to “save the market”, many target people believe that the monetary and monetary policy space has been opened, and there are subsequent interest rate cuts, and the possibility of a comprehensive rate reduction and even precipitation rate adjustment, but it still exceeds the strongThe stimulus policy is expected to release the GDP monetary policy more precisely and more moderately.Why did LPR “walk in place” in March?The Air Force, with a one-year term and an LPR of more than five years, had a “double drop” in February.Among them, the 1-year LPR fell by 10 basis points to 4.05%, LPR over 5 years fell by 5 basis points to 4.75%.”Slightly beyond expectations” is a large number of opponents’ evaluation of the March LPR market unchanged, because the 550 billion US dollar targeted downgrade has just landed this week.Wen Bin, the chief official of China Minsheng Bank, stated that through the early-year and March 16 directional reduction and superposition, coupled with the 500 billion yuan re-loan rediscount amount, the interest rate for small re-lending to support agriculture and agriculture was reduced.The 25 digits are all effective in reducing bank costs, but they are not reflected in LPR quotes.LPR-linked MLF (medium-term lending facility) operation accounts for a relatively low proportion of the funding source of the banking system. Therefore, from the perspective of the entire debt structure of the bank, MLF and RRR cuts are relatively limited to the reduction of bank costs.However, after the RRR cut in January this year, the LPR interest rate has not been adjusted, and since the quotation mechanism reform in August last year, LPR has not recorded a record of two consecutive months of decline.Meng Xiangjuan, chief fixed income analyst at Shenwan Hongyuan Securities, believes that LPR has not been lowered slightly below market expectations, but considers that it has lowered 10 basis points since the beginning of the year, and at the same time has alternately lowered the target RRR, liquidity is loose, short-term monetary policy is expected to temporarily increaseEntities are mainly cohesive.Judging from the performance of the bond and equity markets today, they have been affected too much.Speaking of the reduction of LPR in February, it was in the context of reverse repurchase, interest rates of policy tools such as MLF, and the domestic epidemic situation was at the most severe moment.Tao Jin, a senior expert at Suning Financial Research Institute, told reporters that the incidence of disease is well under control at this stage, the situation of resuming work and resuming production has improved significantly, and the speed of economic recovery has accelerated at the same time, and the urgency of LPR reduction seems not great.However, under the long-term downward pressure of the economy, LPR will remain unchanged temporarily and will increase the probability of future interest rate cuts.Pan Helin, Executive Dean of the Digital Economics Research Institute of Zhongnan University of Economics and Law, also mentioned that the further downturn of LPR at this stage has limited impact on the market, but it will intensify the pressure on capital costs of commercial banks, because the formal conversion will begin on March 1 this year.The stock floating rate loan pricing benchmark is to convert the interest rate pricing method stipulated in the original contract to LPR as the pricing benchmark plus points. The current market stock interest rate scale is about 15 billion yuan. LPR conversion takes time, and the marginal utility of the policy will be weakened when the LPR is readjusted.The policy effect on the real economy will be more obvious when the commercial bank ‘s interest rate anchoring work has more progress and then guide the LPR downlink.The psychological impact on home buyers is tense. The 150 trillion stock loan that has been anchored since March also includes many people paying “big head” mortgages every month.Based on 1 million mortgages and equal principal and interest repayment for 30 years, the LPR over 5 years will fall by 5 basis points, and the monthly payment will be reduced by 31 yuan.Pan Helin believes that the current interest rate anchoring work of commercial banks is parallel anchoring, otherwise the previous loan interest rate is 6%, and the LPR over 4 years is 4.75%, then it becomes (4.75 + 1.25%), which means that the interest rate has not changed.The conversion work began on March 1, and after more progress was made in the anchoring work, the effect of lowering LPR on the real economy was better, so the current impact of LPR reduction on the market is limited, especially for stocks.The new loans have been linked to LPR since October last year.Zhang Dawei, chief analyst of Centaline Real Estate, told reporters that other interest rate cuts have an impact on the actual cost of home purchases and have a huge psychological impact on them.Interest rate cuts and quasi-rate cuts will be considered by home buyers as a slogan for buying a house. Without a rate cut, this effect will be eliminated.Especially when the interest rate was cut in recent overseas competitions, the domestic choice of “do not move” is definitely bad news for the truth. In the case of a gradual recovery of the market, the interest rate cut will fail to affect the confidence of real estate buyers.In the view of Yan Yuejin, research director of the Think Tank Center of E-House Research Institute, although the LPR interest rate itself has not been adjusted, it is expected that the recent actual mortgage interest rates of commercial banks across the country will be reduced.Some military commercial banks have received external attention to reduce the down payment ratio, and the adjustment of the down payment policy is facing some resistance.Therefore, as far as the current focus of commercial banks is concerned, the direction of reducing loan interest rates or recent adjustments.Such adjustments benefit both home buyers ‘mortgage loans and developers’ development loans, and generally help to reduce the corresponding costs of home buyers and housing companies.Interest rate cuts and comprehensive RRR cuts are expected to be “on the road” The current new coronary pneumonia epidemic is rampant overseas. Due to the impact of the epidemic on the economy, since early March, more than 20 countries such as the United States, Canada, New Zealand, Sweden, the United Kingdom, and Egypt have announced interest rate cutsIn many countries, asset purchases are also carried out simultaneously.Although MLF and LPR have not declined in the latest quotation, the reverse repurchase operation has been suspended for 24 consecutive trading days, but in the global interest rate cuts, relevant people generally said that the gradual size of the monetary policy space, interest rate cuts and comprehensive RRR cuts are expected to “on the way”.Tao Jin said that in recent years, China’s monetary policy has been reduced by the impact of the global interest rate cuts, and has maintained constant policy determination and timely determination for a long time.As the wave of interest rate cuts further strikes, China is likely to be the only major country in the world that insists on resisting negative interest rates. It is also more obvious that China ‘s monetary policy has been decoupled from other countries to a certain extent, but it also means whether it is from the interest rate level or the reserve rate.In terms of aspects, developing countries have a lot of room for monetary policy.Judging from domestic factors that affect whether interest rates are cut or not, it has always been a major constraint. The CPI for 2 months is still above 5%.Wen Bin said that if the trend overcomes the tail-lifting factor and the structural factors of food price increase, the gradual level will remain relatively high.Therefore, during the transition period, the increase in food prices fell back, and the level gradually increased further. The room for monetary policy in various countries still exists. You can further reduce the standard and interest rate, which can lead to a steady decline in market interest rates, and more importantly, reduce the financing cost of the real economy.In terms of the pace and intensity of policy implementation, Pan and Lin believe that compared with the one-time flooding of the United States, the release of multiple monetary policies is more precise and the implementation of the monetary policy is more moderate, and the subsequent monetary policy space penetrates.Initially, it will continue to further reduce the financing cost of the real economy while maintaining a reasonable and sufficient liquidity. The future monetary policies that can be adopted include targeted or comprehensive RRR cuts, OMO interest rate cuts, MLF and TMLF operations, etc.Optimizing the “three-grade, two-excellent” deposit reserve ratio framework, it is expected that there will be a targeted or comprehensive RRR cut in the second quarter to enhance the credit availability of commercial banks.In addition, after the progress of the commercial bank loan interest rate replacement anchor work progress, the extension in the second half of the year may expand and guide the downward speed of LPR and effectively reduce the financing cost of the real economy.It may also be possible to lower the deposit interest rate to lower the budget funds. Recently, it has clearly put forward requirements for a significant reduction in future loan interest rates, guiding the banking system to make appropriate profits to the real economy and reducing corporate financing costs.In this context, at least the discussion on whether to lower the benchmark interest rate is also very lively.Meng Xiangjuan said that in view of the reduction in the debt end of financial institutions, it is still possible to reduce the deposit interest rate in order to guide the financing cost of the real economy downward.Tao Jin believes that in the long run, the basis for the continued reduction in LPR is the reduction of the benchmark deposit rate that represents a larger cost reduction. At the same time, the market-oriented reform of deposits will continue to advance, and the reduction of deposit interest rates should also be market-basedIt is carried out through market means under the reform framework.Wen Bin analyzed that corporate and residential deposits accounted for more than 60% of bank debt. If you want to reduce the cost of physical financing, then bank resistance costs should be reduced. Lowering the benchmark interest rate of deposits is the first choice. To reduce costs through banks, you can use LPRThe new mechanism continues to guide LPR down.Pan Helin also believes that the possibility of reducing the burden on banks by lowering the deposit interest rate is very large. At present, the spreads of commercial banks have continued to shrink. The introduction of LPR quotations has not been increased and reduced, which also shows that commercial banks are under pressure to narrow the net interest margin.Reluctant to lower the quoted interest rate anymore. In the future, relevant policies will gradually be introduced to reduce the pressure on commercial banks’ capital costs.Appropriately lowering the benchmark interest rate of deposits to ease the pressure of narrowing the net interest margin of commercial banks, provide space for banks to reduce loan interest rates, and promote a marked decline in LPR quotations.Sauna, Ye Wang Cheng Weimiao Editor Xu Chao Li Weijia Proofreading Li Shihui

During the epidemic, funds were under pressure. Where did the listed tourism companies find money?

During the epidemic, funds were under pressure. Where did the listed tourism companies “find money”?
The new coronary pneumonia epidemic has had a huge impact on the domestic tourism industry.At present, although the scenic spots in various regions have begun to resume production in an orderly manner, the tourism industry has not yet ushered in a full recovery.Under this background, the capital problem of tourism enterprises has become the focus of attention.In response to this challenge, listed tourism companies began to “cross the sea with eight immortals and show their magical powers”.Sante Ropeway: The funds raised from the non-public issuance of A shares were affected by the new coronary pneumonia epidemic. After Wuhan Sante Ropeway Group Co., Ltd. was suspended, the related scenic spots began to resume operations on February 22.In order to cope with the challenges brought by the epidemic to the company’s operation, on March 15, Sante Ropeway issued a plan for the non-public issuance of A shares in 2020, with a planned raise of no more than 3.US $ 9.1 billion in capital to optimize the company ‘s capital structure, supplement working capital, and reduce the adverse impact of the new coronary pneumonia epidemic on the company.The announcement shows that the number of non-public issuance of shares of Sande Ropeway does not exceed 41.6 million shares, accounting for 30% of the total share capital before the issuance, all of which are subscribed in cash by Sande Ropeway controlling shareholder Wuhan Contemporary Urban Construction Development Co., Ltd.After deducting the issuance expenses, the raised funds will be used to repay bank loans and supplement working capital.Three special ropeway said that during the outbreak of the new coronary pneumonia, the company’s business operations have been adversely affected.At present, Sante Ropeway is developing various direct financing channels, applying for government subsidies and other policy funds, and communicating with relevant parties on alternatives such as tax reductions, management fees, and financial institution policy support.It is understood that after the fund-raising is in place, the working capital pressure of Sante Ropeway will be effectively alleviated.At the same time, by repaying bank borrowings, the company’s asset-liability ratio will be reduced, which will help reduce operational risks and financial risks, and enhance the ability to continue operations.Songcheng Performing Arts, Qujiang Cultural Tourism: Government subsidies face the adverse effects of the epidemic, and government subsidies have become a strong support for tourism companies to ease the pressure on funds.At present, Songcheng Performing Arts Development Co., Ltd. (hereinafter referred to as “Songcheng Performing Arts”) and Xi’an Qujiang Cultural Tourism Co., Ltd. (hereinafter referred to as “Qujiang Cultural Tourism”) have all issued announcements announcing that they have received government subsidies.The tourism performing arts projects belonging to Songcheng Performing Arts have all been closed since January 24, and no announcement has been issued to resume operations.On February 24, the wholly-owned subsidiary of Songcheng Performers, Sanya Eternal Love Tourism Performing Arts Co., Ltd., has received the first batch of tourism enterprises to reduce the burden of subsidies, a total of 828.50,000 yuan.On February 28, Songcheng Performing Arts received support funds of 14 million yuan from the special contribution enterprise of Hangzhou West Lake District in 2019.Songcheng Performing Arts stated that it will effectively use government subsidy funds to continuously contribute to the development of Hangzhou’s tourism industry, and gradually improve the quality of Sanya’s love affairs during the period of closing the park to prepare for the recovery of the tourism market after the epidemic.On February 17, Qujiang Cultural Tourism issued an announcement to obtain government subsidies.From January 1, 2020 to the announcement day, Qujiang Cultural Tourism received a total of 618 government subsidies.60,000 yuan.Among them, Xi’an Qujiang Daming Palace National Heritage Park Management Co., Ltd., a subsidiary of Qujiang Cultural Tourism, received 5 million yuan in support funds for the first quarter of 2020 and a special saving of 890,000 yuan in the development of cultural industries.At present, the Datang Furong Garden Scenic Area, Xi’an City Wall Scenic Area, Louguandao Cultural Exhibition Area, etc., operated and managed by Qujiang Cultural Hotel, have been restored to the outside world in an orderly manner from February 29, and the open attractions have been opened on February 21.It has been reopened.Tianmu Lake, Fosun Travel News: The issue of convertible bonds, in addition to the immediate response measures taken during the epidemic, CMBS also has convertible bonds for some tourism companies, and CMBS (commercial real estate mortgage-backed securities) has also been in the near futureThe internal landing gave the company a “heart-prick” to deal with the impact of the epidemic.In March 2019, Jiangsu Tianmu Lake Tourism Co., Ltd. (hereinafter referred to as “Tianmu Lake”) issued a plan for the public issuance of convertible corporate bonds.In January 2020, Tianmu Lake’s issue of convertible bonds was approved by the CSRC.Subsequently, on February 26, Tianmu Lake issued a convertible bond issuance announcement, with a total issuance of 3 million and a number of issuance of 300,000 lots, with a duration of 6 years.According to the announcement, all funds raised by Tianmu Lake will be invested in Nanshan Xiaozhai Phase II Project and Yushui Hot Spring (Phase I) Renovation Project.Among them, the specific construction content of the second phase of Nanshan Xiaozhai project includes themed hotels, characteristic workshops, academies, tea houses, etc. After completion, it will form hotels, catering, folk customs and non-legacy cultural experience and other formats.Tianmu Lake said that the construction and renovation of related projects will help increase the company’s operating income and improve the company’s profitability.At present, the subscription of this convertible bond has been completed.On March 22, Fosun Tourism and Culture Group (hereinafter referred to as “Fosun Travel”) announced that it has successfully issued the Debon Haitong-Fosun Travel-Sanya Atlantis Asset Support Special Plan, with a total amount of funds raised of70.01 million yuan, which is also the country’s first single tourist destination CMBS.According to the announcement, Fosun Lvwen has obtained a no-objection letter from the Shanghai Stock Exchange in November 2019, with 100% equity of Hainan Atlantis Business Travel Development Co., Ltd., a subsidiary of Sanya Atlantis, and Sanya AtlantisSri Lanka’s operating income and accounts receivable are used as pledges to issue CMBS.According to the plan, about 2.9 billion U.S. dollars will be repaid from the current bank loan in Sanya Atlantis, and other funds will be used for the development of the group’s business.As of the end of 2019, Fosun Travel has cash and cash equivalents of approximately 2.1 billion, and the bank’s credit line has 2.5 billion unused.At completion 70.After the release of 01 ppm CMBS, Fosun Travel said that it gave the company sufficient funds to develop its business and seize the potential opportunities after the outbreak.Sauna, Ye Wang Zheng Yijia proofreading Li Ming picture Tianmu Lake official website screenshot

[Does drinking milk help treat constipation]_ fresh milk _ how to treat

[Does drinking milk help treat constipation]_ fresh milk _ how to treat

Everyone knows that milk contains a lot of nutrients, especially for some people, many people need to drink milk every day.

Milk is not only nutritious, but also has the effect of whitening and strengthening.

So, does drinking milk have any effect on constipation?

Can a constipated friend drink milk?

In response to this problem, we are expected to make a detailed introduction for everyone, I hope to help everyone.

Although milk is a healthy drink, for people with constipation, drinking more water every day is more useful than milk.

Drinking water often helps constant and can help to follow the fluency.

You can also chew gum in moderation, which has an effect on laxative.

Can drinking milk cure constipation? It is recommended that constipation first be clear due to dry stool or qi deficiency, yang deficiency and other causes of weak stool, low stickiness, dry stool can be taken orally with Maren soft capsules to intestinal laxative, qi deficiency constipation can be used with constipationRunchang oral liquid treatment, drinking milk and diarrhea are related to personal gastrointestinal maladjustment, can not treat constipation.

Can drinking milk cure constipation?

Drinking milk constipation is due to the high protein content of milk, which will form a pair of clots after encountering stomach acid. Therefore, the ratio of calcium and phosphorus in milk is not conducive to the absorption of calcium. Therefore, undigested clots and calcium in stoolCombined, it causes dry stools and hard constipation.

How to treat constipation 1, general diet therapy, the amount of fluid and fiber in the diet is the key to prevent and treat constipation.

Drink more than 6 glasses of water a day, but drinking water alone can not completely solve the problem, and also ensure sufficient dietary fiber intake.

To effectively prevent constipation, eat more than 25 grams of dietary fiber every day.

Foods with obvious fiber include apples, green cauliflower, pears, whole-bought noodles, various beans, plums, raisins, blackberries, etc.

One principle is to eat coarse grains often and eat more fruits and vegetables.

2. Pay attention to whether the medicines you usually take can cause constipation, and the replacement of many kinds of drugs is to cause constipation.

People who often take medicines should pay attention to the description of the medicines, such as many medicines for treating hypertension, coronary heart disease, calcium supplements, and so on.

3. Eat more plums. Plums are one of the fruits. There is a Chinese saying “Peaches raise people, apricots hurt people, and the plum trees lie dead.” This is probably the meaning, meaning that plums should not be eaten more, which is harmful to the body.not good.

But in western society, many “grandma recipes” say plum is a good thing to treat constipation.

This may be related to the different types of plums. The so-called “plums” or “plums” are plums. Drinking a few glasses of plum juice every day has a good effect on many stubborn constipation.

The principle is that plum skin contains a substance that stimulates peristalsis, that is, plums can stimulate vibration and peristalsis, thereby stimulating defecation, and eating peeled plums does not have this effect.

4, the role of flaxseed, flaxseed is rich in soluble dietary fiber, half a spoonful of flaxseed every day has a very good effect on constipation for many people.

5, chewing sugar-free gum, chewing can promote bowel movements, some people eat gum can diarrhea, it is a good effect for constipated people.

Because many chewing gum additives, such as maltitol, sorbitol, mannitol, etc., can not be absorbed and absorbed, and can absorb a certain amount of water, so it has a role in intestines and promote defecation.

6, if the above is no longer possible, then you can only go to the hospital, the recommended treatment method-large intestine hydrotherapy.

“Large intestine spa” is an internationally popular new method of detoxification and health care. It uses professional intestinal cleansing equipment to remove toxins from the body and regularly cleans the body.

Operated by professional medical staff, each time about 50 minutes, the impact of warm water massage to improve the posture of bowel movements, please pay attention to the transparent tube to see waste is discharged from his bowel, the whole process is safe and effective, no need to take drugs.

Under normal circumstances, adults can remove about 5-10 pounds of waste after bowel lavage, so that the excess sugar and slight recovery in the body can be “lost”, and consume a lot of physical energy, accelerate blood circulation, and keep tiny cells in an active state.Promote your aunt’s decomposition, melting, and excretion.

[Aspirin taking time]_Medication time_Medication duration

[Aspirin taking time]_Medication time_Medication duration

Aspirin is a relatively common drug. This drug has a history of 100 years. The main effect was to relieve fever and analgesia. Later, it was found that aspirin also has anti-platelet effect.It is important to know the timing of some medications and to avoid the adverse effects of the medication on the stomach and intestines. Let’s take a look at the timing of aspirin administration.

Aspirin Time Aspirin, also known as acetylsalicylic acid, is a derivative of salicylic acid.

After oral administration, most of the gastrointestinal tract, liver, and blood are quickly reconstituted into salicylic acid, and metabolites exist mainly in the form of salts.

At present, aspirin preparations on the market mainly include aspirin tablets and aspirin enteric-coated tablets.

First, whether to take before or after a meal.

The common preparation of aspirin tablets is taken after meals, because salicylic acid is very irritating. This can reduce the irritation of the inhalation tract through food and reduce the inhalation response.

The use of aspirin enteric-coated tablets is taken before meals. Generally believed to be 6:00 in the morning?
At 10:00, blood viscosity is high, blood pressure, and heart rate are also high. This period is the high incidence of cardiovascular and cerebrovascular accidents.

Aspirin has a faster onset of time in the body. Therefore, in order to achieve the purpose of treating and preventing cardiovascular and cerebrovascular diseases.

And enteric-coated tablets reach the oral route directly. After meals, it may reach the body continuously and damage the digestive tract, so it is recommended to take it on an empty stomach in the morning.

Precautions For most patients, since the ordinary aspirin enteric-coated tablets are used, the peak time and half-life are shorter, so it is more suitable to take them in the morning.

Why not take it after meals. If you take it after meals, the acidity of the gastric juice in the food will weaken, making the drug more prone to dissolve in the stomach, stimulating the gastric mucosa, and may cause bleeding on the ulcer surface.Mixing together slows down the time for the drug to enter the intermediate, and the enteric coating is more likely to dissolve in the stomach, leading to drug release.

Taking at night: Some people will recommend taking it at night. The original intention is to reduce the human activity of Lotte, slow blood flow, and lead to easy accumulation of platelets. Therefore, the effect of taking the medicine after 8 o’clock after dinner is also very good.

Of course, the safest method is to take it under the guidance of a doctor. The optimal time can be selected according to the specific situation of the patient and the specific patient.

[Benefits of beef and mutton]_ beef and mutton _ purpose _ efficacy

[Benefits of beef and mutton]_ beef and mutton _ purpose _ efficacy

Eating mutton and beef is actually good for our body’s nourishing health. Beef is supplemented with vitamin protein and potassium, while mutton actually has a good effect of improving anemia and helping men to nourish kidneys and yang, so the health effects of these foods arevery high.

1, beef contains vitamin B6, our body nutrition is indispensable for protein, and the demand for protein is reduced, it is even more important to increase the nutritional content of vitamin B6 in the diet.

The nutrition of beef contains a large amount of vitamin B6, which can help you strengthen your immunity, promote the metabolism and synthesis of protein, and thus help your body recover from stressful training.

2. Beef contains carnitine chicken, fish carnitine and sarcosine are very low, but beef is very high.

Carnitine is mainly used to support your aunt’s metabolism and produce branched chain amino acids, which is an amino acid that plays an important role in bodybuilding for muscle growth.

3. Potassium and protein potassium in beef are relatively minor minerals in the diet of most athletes.

Low potassium levels can inhibit protein synthesis and growth hormone production, which can affect muscle growth.

Protein in beef protein: 4 slender fillets can produce 22 grams of first-class protein.


Mutton is warm and often eaten in winter. It can not only increase the speed of the human body, protect against cold, but also increase digestive enzymes, protect the stomach wall, repair the gastric mucosa, help the spleen and stomach digestion, and improve anti-aging effects.

Mutton is rich in nutrients, which may be of great benefit to tuberculosis, bronchitis, hypertension, anemia, postpartum qi and blood deficiency, abdominal cold pain, cold and cold, malnutrition, weak waist and knees, impotence and premature ejaculation, and all colds.; And has kidney and impotence, tonic temperature and other effects, men are suitable for regular consumption.

Shanghai Hugong (603131): Third-quarter results fell slightly without worrying about high annual growth

Shanghai Hugong (603131): Third-quarter results fell slightly without worrying about high annual growth

The event company released the 2019 third quarter report, reporting that the combined company achieved operating income5武汉夜生活网.

5.3 billion (-3.

72%), net profit attributable to mother 0.

4.1 billion (-8.

26%), net cash flow from operating activities is reduced by 16 per year.


At the same time, the company expects to achieve zero net profit attributable to mothers in 2019.


300 million US dollars, an annual increase of 22% to 76%, the company’s aerospace business performance will be reflected in the fourth quarter.

Investment points The third-quarter performance declined slightly and gradually maintained the high-growth company’s third-quarter performance in 2019, which was mainly due to the increase in the performance base of the same period last year, which caused the downturn in the automotive industry to weigh on the company’s robot system business.

The company’s gross profit margin ranking rose 4 in the same period last year.

4 samples, indicating that the company’s product structure has been optimized.

On the asset and liability side, the company’s advance receipts increased significantly by 47.

71%, advances increased by 86.

31%, inventory increased by 29.

71%, reflecting that the company has full orders and is actively preparing for production.

Aerospace Huayu promised 55 million performance in 2019. Combining the characteristics of the concentrated delivery of aerospace products in the fourth quarter, the company’s performance has gradually maintained high growth.

Proposed issue of convertible bonds to help “smart manufacturing” and “aerospace military industry” go hand in hand On October 8, the company announced that it plans to publicly issue A shares of convertible bonds to raise no more than US $ 400 million and will be used for the construction of the first phase of the aerospace equipment manufacturing baseProject (Nanchang Chenghang), precision CNC laser cutting equipment expansion project (Taicang, Shanghai Engineering) and supplementary working capital.

We believe that this will help the company make breakthroughs in productivity, enrich its product structure, and accelerate the two major sections of “smart manufacturing” and “aerospace military industry”.

Profit forecast and estimation The company is a leading company in welding and cutting equipment. At the same time, it has entered the field of military industry and successfully built two business segments, “smart manufacturing” and “aerospace military industry”.

武汉夜网论坛The company’s revenue is expected to be 11 in 2019-2021.



6.3 billion, net profit attributable to mothers is 1.



880,000 yuan, an increase of 62 in ten years.

47% / 28.

61% / 21.

04%, EPS is 0.



59 yuan / share, corresponding to PE of 39.



37 times, considering the company’s market level and growth, given the “overweight” rating.

Risks suggest that fluctuations in raw material prices and international trade are blocked; exchange rate fluctuations; and the expansion of the aerospace military business is less than expected.

Plum life (600873): 17 years and three minutes of deep processing of corn

Plum life (600873): 17 years and three minutes of deep processing of corn

The deep-cultivated corn has been processed for 17 years, and the advantages of multi-product scale are fully displayed. The Baicheng production base was put into production at the end of 2018. The company officially formed three major production bases in Tongliao, Inner Mongolia, Wujiaqu, Xinjiang, and Baicheng, Jilin.

At present, the company has a total MSG content of 70, ranking second in the industry. Following the official commissioning of Baicheng Base, there is currently a substitution of 70 for lysine, ranking first in China; a substitution for threonine capacity of 26, ranking first in China.
  In terms of revenue and gross profit composition, animal nutrition amino acids and food taste optimizing products have become the main sources of company revenue.

  Food taste traits optimized products: supply and demand are good, and price increases bring profit elasticity The top three domestic MSGs are Fufeng Group, Meihua Bio and Ningxia Yipin. The current industry has basically formed oligopolistic metabolites, and the production capacity in 2018 was 133, 70 and42 ounces.

  The three leading players have formed a complete industrial chain through industry competition and huge capital accumulation, forming a high moat, and have obvious industry-leading advantages.

At the same time, China’s monosodium glutamate production capacity accounted for 75% of the world’s total in 2018, and its supply accounted for more than 60% of the world, which means that it has become the world’s largest monosodium glutamate producer and exporter.

  Disodium Nucleotide (I + G) is a new generation of nucleotide food freshener, which can be directly added to food to play a role of freshening, it is called “strong MSG”.

At present, there are three major domestic manufacturers: Xijie, Plum Blossom, and Xinghu Technology. The production capacity is about 2.

5 maximum value, 1 maximum value, 7,500 tons, the proportion of Plum Blossom Biotech’s production capacity in domestic manufacturers is 23.


  Sullysine and lysine double product leader. The downstream industry is affected by swine fever. Vulnerable lysine. Since entering 2019, the transformation of swine fever has continued to spread, and the downstream feed industry has poor demand.With the joint operation of supply and demand, the price of lysine products continued to weaken, until the current price difference of domestic sulline products was at historically low levels.

Looking forward to the future price trend of lysine, the poor downstream demand brought about by swine fever is difficult to improve in the short term, and the product market is expected to remain weak.

However, in the future, it will continue to reduce the space. The space is very limited. In the future, it is expected that the supply and demand structure brought about by the rebound in demand will improve, and there is no need to be overly pessimistic about product prices.

  Based on comprehensive judgment of profit forecast, we believe that the company’s profitability outlook for odorants is maintained at a high level. Although the feed amino acid business is weak, it still has very limited downside. The company’s return to performance in 19 years has been complete.

We estimate that the company’s net profit attributable to mothers in 2019, 2020 and 2021 will be 12 respectively.

7, 15.

3 and 17.

800 million, corresponding to 12 times, 10 times and 9 times the corresponding PE, maintaining the “overweight” level.

  Risks suggest that the operating rate of MSG 深圳桑拿网 will increase and the price will fall; swine fever will continue, and the demand for amino acids will continue to weaken.

China Automotive Research (601965) Company Dynamics Comment: First-quarter results exceed expectations but consistently optimistic about its long-term value

China Automotive Research (601965) Company Dynamics Comment: First-quarter results exceed expectations but consistently optimistic about its long-term value

Core point of view events: China Automobile Research recently released the first quarter report of 2019, and the company achieved total operating income of 5 in the first quarter of 2019.

01 billion, down 22 a year.

33%, achieve net profit attributable to mother 0.

94 ppm, an increase of ten years8.

43%, the net profit of non-attributed mothers was reduced to 0.

90 ppm, a ten-year increase4.


  Parent company statement: The parent company realized operating income in the first quarter of 20192.

08 billion, down 3 every year.

37%, achieving a net profit of 0.

8.3 billion, down 7 a year.


  We have the following comments: From the perspective of revenue, the company’s performance in the first quarter exceeded expectations and was mainly dragged down by the special vehicle business.

In the first quarter of 19th, the company’s low gross profit margin (less than 5%) of the large-scale negative growth of the special vehicle business income led to the company’s total revenue receipts.


More than 70% of the company’s special vehicle business income in 18 years came from chassis direct sales, and the rest was car modification.

China ‘s heavy truck chassis sales increased by 80 in the first quarter of 2018.

1%, negative growth of 5 in the first quarter of 19.


The special vehicle business of Auto Research has accompanied the development of the industry. In the first quarter of 19, the negative growth rate of special vehicle business revenue exceeded 30%, and the special vehicle business revenue accounted for 49%.

5% (2018), so the performance of the company’s revenue in the first quarter exceeded expectations was mainly dragged by the special vehicle business.

  The revenue of the technical service business in the first quarter of 19 was basically the same as that in the same period of 18 years, which was lower than market expectations, but there were specific reasons.

From the parent company statement, we can see that the parent company realized operating income in the first quarter of 20192.

08 billion, down 3 every year.


It was previously thought that the national five and six national stimulus will stimulate the company’s engine emissions testing business volume. The company’s technical service business revenue growth rate should be higher in the first quarter, but the parent 杭州桑拿网 company’s statement shows that technical service revenue is basically flat with last year.

The main reason is that the testing cycle of many testing projects in China VI is longer than that in China V. The income settlement time of many projects is just after the first quarter of 19th.

  From the perspective of the profit side, due to the decline in the proportion of low-margin special-purpose vehicle business, the company’s comprehensive gross margin and net profit margin have increased significantly, and its profit has increased positively under the negative growth of revenue.

  The gross profit margin for 2019Q1 was 30.

24%, an increase of 6 over the same period last year.

0pct, net interest rate is 19.

04%, an increase of 5 over the same period last year.

3 points.

This increase does not reflect a substantial change in its profitability, but it is only due to the high proportion of revenue from the special vehicle business 49.

5% (2018), gross profit margin decreased by 5%, and the special vehicle business negative growth of more than 30% in 19Q1 led to an increase in comprehensive gross profit margin and net profit margin.

  Continue to be optimistic about the company’s growth in 19-20 years. The main sources of performance growth are the following three points: ① The growth of the national engine inspection business will continue at least until 2020.

Starting from July 1, 2019, only some regions require light gasoline vehicles to meet the National Sixth Standard, and it will be implemented nationwide on July 1, 2020.

The company ‘s National Six engine emissions testing began in the second half of 2018. It is expected that some representative products of OEMs in 19 years will meet National Six standards, and more products will be converted to National Six standards in 2020.Therefore, the business volume of the national six engine inspection in 18/19/20 will continue to increase. Do not worry about the problem of unsustainable orders after the outbreak of 19 years. The growth of the national six engine inspection business can continue at least until 2020.

  ② The rapid growth of the company’s new energy vehicle-related business will also promote the company’s performance.

The company’s technical service revenue from new energy vehicle business has accounted for more than 20% (technical service revenue from new energy vehicles in 2017 has reached 200 million yuan), and 19 and 20 years are just foreign joint venture car companies andTwo years after the car models of the new power generation are concentrated in the market, there will be a blowout increase in the types of new energy vehicles.

  ③ The company’s two largest projects, the wind tunnel laboratory and the intelligent network integrated test track, were put into operation in 19 and 20 respectively.

The wind tunnel laboratory and the intelligent network integrated comprehensive test track project are both very scarce capacity, and demand and profitability are very guaranteed.

  The company’s annual report clearly proposes a mix of all method reforms, an orderly exit from non-strategic industries, innovative incentive distribution mechanisms, a multi-pronged approach, comprehensive improvement of the governance structure, and enhanced profitability.

The company prepares for the system to carry out mixed ownership reform to achieve diversification, and then it may be possible to re-excellent private capital; guide the gathering of high-quality resources to strategic industries (intelligent connected car testing and the construction of a data platform for the four major indexes, etc.);Strategic industries (possibly divesting some of the manufacturing business assets with extremely low profit margins); innovative incentive allocation mechanisms, establishing multiple incentive modes such as job value, fair incentives (the company has reduced some measures in 18 years: equity incentives, industrialized manufacturing businessThe three sectors have dated professional managers, technical service businesses to build new sales teams, etc.).

  Investment suggestion: The company is an excellent target with growth attributes that doubles in volume and price + Davis double-click, and is less affected by the car cycle.

In the short-to-medium term, the company has benefited from the national emission standards of five to six. The number of electric vehicle models has increased significantly in recent years and the rapid development of connected smart cars.

From a long-term perspective, the company benefits from the increase in R & D spending of Chinese auto companies.

Increasing competition between manufacturers, shortening the replacement cycle, speeding up the introduction of new cars, increasing the technological content of auto consumption upgrades, and reverse development to forward development are driving cars to increase research and development expenditures, which provides a good track for China Automotive Research’s growth.

  It is conservatively estimated that the company’s total revenue for 2019-2021 will be 31 in turn.

26, 35.

88, 40.

02 trillion, the growth rate is 13 in turn.

35%, 14.

77%, 11.

55%, the net profit attributable to mother is 4 in turn.

95, 6.

16, 7.

1.6 billion, with a growth rate of 22 in turn.

7%, 24.

6%, 16.

1%, the current market value is 78.

9 trillion, corresponding to PE in order of 15.

9, 12.

8, 11.

0 times, corresponding to 19 years of dividend placement3.


Taking into account the current market risk appetite, the company’s industry and the company’s own fundamentals, the company is given a reasonable estimate of 25 times the PE in 2019, with a 19-year target price of 12.

76 yuan, maintaining the “recommended” level.

  Risk reminders: ① the progress of the National Six Standards has fallen short of expectations; ② the popularity of intelligent connected cars has fallen short of expectations; ③ the growth of car sales has fallen short of expectations;

Wuliangye (000858): The dawn of reform is confirmed

Wuliangye (000858): The dawn of reform is confirmed

This report reads: Wuliangye has huge brand advantages, comprehensive reform, and implementation. It will continue to benefit from the industry’s branded consumption trend, firmly stand on the thousand yuan price band, achieve volume growth, and there is still plenty of room for further price increases.

Investment points: Liquor consumption potential is huge, and the branded consumption trend is the big logic of Wuliangye’s successful reform.

The reform of Wuliangye has been progressing steadily, and a strong brand will help Wuliangye to stabilize the price band of one thousand yuan and achieve heavy volume. At the same time, there is still plenty of room for price increases.

At the shareholders’ meeting, we realized that Wuliangye’s consistency in strategy, tactics, and implementation. The success of the reform is worth looking forward to. The sales volume may exceed the initial target and increase 2019-21EPS 4.

47, 5.


18 yuan (previously 4).

38, 5.

47, 6.

62 yuan), maintain target price of 130 yuan, corresponding to 2019 29X PE, increase holdings.

Reinventing Wuliangye’s high-end brand value system.

The price of high-end wine is equal to the height of the brand. Wuliangye regards narrowing the terminal price difference with competing products as its long-term development goal.

In the process, cleaning up of high-imitation products will continue, and the released wine production capacity will be 重庆耍耍网 enlarged and strengthened by focusing on remarketing step by step.

At the same time, the launch of ultra-high-end products 501 to improve brand tone, tandem 1618, low-level and other accurate positioning of the products, the purpose is to consolidate the strategic layout of the classic Wuliangye core single product, to achieve the return of Wuliangye brand value.

Forcing dealers to change their business philosophy and restore channel confidence.

Changing the dealer’s business philosophy will force them to change from trade-oriented sales to brand marketing.

Introduce product upgrades and introduce digital construction. Under the profit-control and distribution model, strengthen channel control and increase channel profitability, thereby restoring channel confidence.

Wuliangye targeted the traditional terminals, chain stores, 深圳SPA会所 new retail, new group purchase and other channels to make targeted changes, measures have been implemented, and recently promoted the marketing of middle-level cadres, refinement of assessment indicators, and marketing front-line work enthusiasm has significantly increased.

Catalyst: The price of Wuliangye, a new product in the mid-autumn season, is strong. Risk reminder: Channel prices are upside down in the peak season, and the reform results are still uncertain.

Summer solstice today – health points

Summer solstice today – health points

The summer solstice is the earliest determined solar terms in the 24 solar terms.
In the 7th century BC, the ancients used the earth to measure the sun, and the day of the summer solstice, the shortest day, so called this day “summer solstice.”
According to the “Zun Zun Xiandu copy”: “From the north to the day, the day is long, the day shadow is short, so the summer solstice.
To the extreme, too.
On the summer solstice, the position of the sun directly on the ground reaches the northernmost point of the year, almost directly to the Tropic of Cancer (23掳26′ north latitude). It is the longest day of the year in the northern hemisphere, and the higher the latitude, the longer the day.
During the summer solstice, the value of wheat harvested, since ancient times, there have been celebrations of harvests and sacrificial ancestors at this time, in order to pray for disaster relief.
Therefore, as the festival, the summer solstice is included in the ancient ritual ceremony.
“Zhou Li Chunguan” contains: “To the summer, to the local things.
“The summer solstice of the Zhou Dynasty is to worship the gods, meaning to clear the years of famine, hunger and death.
鏃ф椂鍙や汉鍗佸垎閲嶈澶忚嚦鑺傦紝娓呬唬涔嬪墠鐨勫鑷虫棩鍏ㄥ浗鏀惧亣涓€澶╋紝鑰屽畫浠e湪澶忚嚦涔嬫棩濮嬶紝鐧惧畼杩樻斁鍋囦笁澶╋紝杈戒唬鍒欐槸鈥滃鑷虫棩璋撲箣鈥樻湞鑺傗€欙紝濡囧コ杩涘僵鎵? with the powder capsules to give away.
The color fan is used to drive heat, and the sachet can repel mosquitoes and stink.
1 solar terms characteristics Summer solstice, also known as “summer festival”, “summer solstice festival”.
In ancient China, the fifteen days of the summer solstice were divided into three categories, such as “Book of Rites and Moons”: “Awaiting the antler solution; the second waiting for the singer; the three waiting for the midsummer.”
“Book of Rites” 鏇? “Summer solstice, antler solution, 铦?鍚?, 銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆両t is.
The antler solution “Rhyme will” 鏇? summer, fake also; to, extremely; all things are false and extremely extreme.
The first summer solstice “Deer Antler Solution”, “Yi Zhou Shu” 鏇? “The day of the summer solstice, the antler solution”, the antler solution (sound).
The deer, the shape of the hill beast, is also yang, the horn branch is forward with the yellow ox; the antler has the scorpion image, which is a positive mountain beast. Because the yin yang is born in the summer solstice and the yang begins to decline, the positive antler falls off during the summer solstice.It is the result of the replacement of all things in nature.
铦?楦?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?銆?Hey, the big and black, the cockroach is shelled, the male can sing, the female is silent, and it is known today.
The second day of the summer solstice, “Oh, Chang Ming,” is one of the most important voices in the summer.
Xia Wei is also called “knowing”, and the male knows that after the summer solstice, he will sing because of the yin of life.
Cicada is because it senses that a yin in the cockroach has begun to form, which is an important feature.
Banxiasheng From the summer to the summer solstice, the summer is halfway through the third quarter of the “Pinxia”. Pinellia is a wild herb with a yin, because it grows in the summer half and is named “seven summers”.
Thus, in the midsummer heat, some yin creatures began to appear, while positive creatures began to decline.
Xia Jiujiu’s song “Summer Jiujiu” starts from the day of the summer solstice, and is nine for every nine days, nine nine forty-one days a year.
Similarly, Sanjiu and Forty-nine are the hottest seasons of the year.
The most representative of the climate characteristics of most parts of China is the “Summer solstice Jiujiu” on the rafter’s girders in the main hall of the Wangwang Temple in Laohe City, Hubei Province. The full text is: the summer solstice is in the first nine, the fan is in the hand;At ninety-eight, off the crown of Luo Yarn; 3, 927, go out and sweat; 4,936, roll in the open air; 5,945, the autumn is like a tiger; six nine fifty-four,Take the cold into the temple; seven ninety-three, the bedside touches the sheet; eight nine seventy-two, find the cotton quilt in the middle of the night; nine ninety-one, open the cabinet to take the cotton coat.
2 Summer solstice in the summer solstice noodles in the lunar calendar (June 22, the solar calendar) is the longest day of the year.
There have been rituals of offering sacrifices in the Zhou Dynasty, which is believed to eliminate the epidemic, the famine and the hunger of the people in the country.
Han customs are popular in most parts of the country.
Refers to the custom of eating cold noodles (strips) during the Summer Solstice Festival (one of the 24 solar terms).
娓吢锋綐鑽i櫅銆婂笣浜瞾鏃剁邯鑳溿€嬶細鈥滄槸鏃ワ紝瀹跺淇遍鍐锋窐闈紝鍗充織璇磋繃姘撮潰鏄篃鈥︹€﹁皻浜戯細鈥樺啲鑷抽楗ㄥ鑷抽潰鈥欌€濊€佸寳浜鑷虫渶鐖辩偢閰監n June 21st, it was the summer solstice in the 24 solar terms, 鈥淲inter solstice dumplings in the summer solstice鈥? The delicious Beijingers pay attention to the noodles on the summer solstice.
At the moment when the folklore returns, all the food that is in contact with the summer solstice is selling well.
According to the customs and habits of old Beijing, you can eat lettuce and cold noodles every year until the summer solstice. Because the climate is hot at this time, eating cold food can lower the appetite, and it will not damage health due to coldness.
The sacrifice of the gods is in ancient times, and the summer solstice is as grand as the Dragon Boat Festival.
From the beginning of the Zhou Dynasty, every summer solstice, the imperial court held a grand ritual of worship, in order to pray for disaster relief.
In addition to the sacrifices, the court also prayed for the national peace and prosperity in the way of song and dance.
In the Song Dynasty, starting from the summer solstice, the DPRK officials had to take a holiday for three days.In the Liao Dynasty, women gave each other a powder capsule to remove the sweaty smell on the body.

The court knew this to the summer solstice, and the people were no exception.

On the summer solstice day, the peasants around the country are busy offering sacrifices to the gods, and they are called “the sacrifice of the heavens” to pray for good weather.

This festival is also different from the north and the south. The northerners ask for rain to prevent recovery. The southerners seek more peace and prevent the disaster.

To this day, many areas still retain the custom of the summer solstice day.

3 health points summer solstice calm and natural cool, sleep late in the morning to lie down, summer heat and heat prevention, avoid eating too cold, God clear and wide chest, outdoor sunscreen dress.

“But the summer solstice is not hot”, the summer solstice solar eclipse indicates that the hot summer has arrived, and the internal temperature of the shift after the summer solstice continues to rise, and it has entered the sky that everyone often said.

Xia Ying Yang Xin is the most prosperous in the summer solstice, and students should pay attention to protecting yang.

“Su Wen 路 Four temperament and big talk” said: “I will not be angry, so that Hua Ying will be a show, so that the gas will be vented. If you love it, this summer should be the best, and the way to raise the long.”

That is to say, in the summer, you must be refreshed, happy, happy, broad-minded, full of spirits, not to be tired and tired, angry and melancholy, to have a strong interest in the crowd, and to cultivate an optimistic and outgoing personality, like the growth of all things requires sunshine.In order to facilitate the ventilation of the air machine.

If you are lazy and tired, and you are angry and depressed, you will be obstructed by the air and will be unfavorable to your body.

In the “Health Theory”, Ji Kang said: “It is better to adjust the meditation, often like ice and snow in the heart, the heat is also reduced in my heart, can not be hot for heat, more enthusiasm.

This is the so-called “smoothness and natural coolness”. Imagine that there is ice and snow in my mind, and I will not feel the weather is extremely hot.

It is the spiritual nursed back to the summer regime.

Diet to reduce acid and add bitterness, probiotic liver and kidney diarrhea in the summer season, the body sweating water droplets, the corresponding salt loss is also more, if the heart muscle is lack of salt, the heart beat will appear abnormal.

Chinese medicine believes that it is advisable to eat sour taste at this time to solidify the table, and eat more salty taste to make up the heart.

“Su Wen, the theory of the Tibetan gas law”: “The heart is slow, the acid is sour to receive it”, “the heart is soft, the food is salty and soft, and the salt is used to make up the diarrhea”, that is to say TibetanThe gas is soft, so it is salty and soft.

Sun Sizhen once said, “May, the liver is taking a break, the heart is king, it is necessary to reduce acid and increase bitterness, benefit liver and kidney, solid and fine, and lay up fear early.

“You need to drink more water at this time. In addition to boiled water, you can also choose cold salt boiled water, mung bean soup and other refreshing drinks.”

Exercise Yangyang is hot in summer, it is advisable to go to bed early and get up early, and the summer solstice conforms to the change of yin and yang in nature.

Reasonable arrangements for lunch breaks, one to avoid the hot trend, the second can restore the sense of fatigue.

Appropriate exercise is also essential for summer health. In terms of exercise style, it is advisable to choose a soothing exercise such as walking, jogging or Tai Chi to avoid excessive strength.

Excessive exercise can cause sweating.

Too much sweat, not only hurts yin, but also easily yang, which is not conducive to Yangyang.

It is best to exercise during the morning or evening when the weather is cooler. It is advisable to take a walk and exercise in a fresh air.

The summer solstice heatstroke is also the melon season. People sit under the melon shed and enjoy the watermelon.

Watermelon and bitter gourd are all hot and refreshing foods, which are important for the summer solstice season.

In summer, mosquitoes multiply, rain is more, and they are prone to diseases such as dysentery. Therefore, there are eating green onions and garlic in the summer diet.

Ming Li Shizhen’s “Compendium of Materia Medica” believes that garlic has the effect of “passing the five internal organs, reaching the sputum, going to the cold and dampness, avoiding evil, reducing swelling and pain, and hoarding meat.”

In addition, the summer pavilion is also a heatstroke prevention activity in the midsummer.

4 summer solstice health recipes recommended lotus leaf porridge ingredients: lotus leaf 1 (fresh, dry and rough), 鑼嫇 50 grams, has been rice or millet 100 grams, sugar amount.

Practice: first put the lotus leaf, simmered soup to the slag, add the washed rice or millet into the medicinal soup, cook it as porridge, and put the sugar into the pot before the pot.

Efficacy: clearing heat and relieving heat, calming the nerves, stopping diarrhea and relieving cough (for cardiovascular disease, neurasthenia is also effective).

Cold lettuce ingredients: 350 grams of fresh lettuce, onions, sesame oil, monosodium glutamate, salt, sugar, the right amount.

Practice: Wash and peel the lettuce, cut into small pieces, add into the plate and add salt to stir, marinate for 1 hour, remove the water, add MSG, and mix well with sugar.

Cut the onion into chopped green onion and sprinkle it on the lettuce. Add the sesame oil to the hot pot. When the oil is hot, pour it on the chopped green onion and stir well.

Efficacy: Lee five internal organs, through the meridians.

5 Xiazhi acupressure massage to prevent the three stagnation folks said “but the summer solstice is not hot”, “the summer solstice three geng counts.”

The “baked” test in the summer after the summer solstice really begins, the temperature will continue to rise, and the human body will also have certain discomfort. The health experts remind this time to pay attention to the health care of the mood, diet and sleep, and pay attention to prevention.Stagnation.”

The following recommended a few acupuncture points, can be a good relief of lust retention, cold stagnation and food stagnation: Click Zusanli Point Zusanli is the key point for conditioning the spleen and stomach, Zusanli is placed below about 4 fingers wide dimples, some bones澶栦晶绾?1妯寚灏栫殑鍦版柟銆俉hen aligning, press the left foot with your left hand, press your right foot with your right hand, use your index finger to hold the joint of the second fingertip of your thumb, and push the acupuncture point with your thumb.

Generally, two or three times of massage, each time for 49 times, has a better effect on digestion for people with spleen and stomach weakness leading to food stagnation.

Click on the acupoint in the middle acupoint in the upper abdomen, on the front midline, when the umbilicus is 4 inches.

From top to bottom, slowly press 2 with your breath?
3 seconds, then quickly evacuate, operation 2?
3 times, there will be a feeling of gas down, then the stomach bloated.

Some people have exhaust after operation, and have a feeling of defecation. This is a normal reaction and the effect is better.

According to the Daling Point of the Daling Point, it is located at the midpoint of the human palm root and the horizontal stripes of the wrist.

This acupoint belongs to the soil in the five elements, corresponding to the spleen and stomach. Pressing this point can lower the stomach fire, smash the heart and increase the stomach power.

Spleen and stomach disharmony, indigestion, etc. can be adjusted by massage this acupuncture point.

Generally, it is based on the degree of soreness of the sputum.