[Men are most likely to have 6 gray ideas for women]

[Men are most likely to have 6 “gray ideas” for women]

?

?

?

Scenario 1: The face of the female boss was only because of his outstanding performance. The single female boss who was high above him gave him a pose, smiling and encouraging, so he had such a gray idea: “Did she give me oneUp

“You can think of him as being affectionate, but men often feel that this is the so-called male courage.

He is very confident in himself. He may be imagining in the bed late at night, thinking that the female boss is lonely and needs him to soothe.

Why he is easily sexually ambiguous with a single female boss is related to the “face-to-face” complex hidden in men’s hearts, just like many women’s deep-rooted complexes of trust, if they can get wealth and a part without working, believeNo man is unwilling to try.

Sexual fantasies for single female bosses, the global Durex sexual survey report pointed out, this is basically the first sexual fantasies of men.

123456Next

[How to make potato shreds?

4 ways to learn!

】 _Home Practice _ Production Method

[How to make potato shreds?
4 ways to learn!
】 _Home Practice _ Production Method

Many people have problems with the stomach and intestines, some stomach and indigestion, weak spleen and stomach function, from time to time there will be abdominal pain, and the stool is obviously not smooth. The best way to solve these gastrointestinal problems is diet conditioning. RecommendedThese people want to eat more potatoes, and the effect is very good. Some people can usually eat shredded potatoes, and they will not learn the following methods.

First, the main ingredients of potato shredded materials: 200 grams of potatoes (yellow peel), auxiliary materials: 30 grams of green pepper, 20 grams of bell pepper, seasoning: 5 grams of flax oil, 3 grams of salt1.

Cut green red peppers and potatoes into filaments; 2.

Put it in the water for a while, remove it and put it in a plate; 3.

Add pepper oil, refined salt and mix well.

Second, cold potato shredded material: one large potato, two millet peppers, green onion, pepper oil content, raw soy sauce measurement, salt, chicken essence method 1, peel and wash the potatoes and cut them into filaments, and wash them with water.

Millet pepper washed and cut into circles.

2. Add water to the boil and boil. Put the shredded potatoes and cook for about 2 minutes (because the shreds cannot be cooked for a long time, they will be soft after a long time, and the potatoes will be crunchy). Remove and soak in cold water.Load the plate.

3, then put millet pepper, green onion, pepper oil, salt, chicken essence, some raw soy sauce on potato shreds.

4, pour the oil in the pot, wait for 70% of the oil to heat on the potato shreds, and then use chopsticks to mix evenly.

Third, coriander mixed with potato shreds Ingredients: 250 grams of potatoes (yellow peel), auxiliary materials: 50 grams of coriander, seasoning: 5 grams of sesame, 5 grams of white garlic, 2 grams of MSG, 3 grams of salt, and 5 grams of chili oil1.

Wash the potato shreds with cold water and remove the water for control. Remove the water and blanch it until it is broken. Remove the cold water and drain the water. 2.

2. Wash and cut coriander into sections; 3.

Peel garlic and chop minced garlic; 4.

Mix minced garlic, monosodium glutamate, refined salt, parsley, and chili oil in hot potato shreds, adjust the taste, and sprinkle with sesame seeds.

Tips: Food phase grams: coriander: take tonic and traditional Chinese medicine atractylodes, when taking tannin, coriander should not be taken, so as not to reduce the efficacy of the tonic.

Fourth, shredded spring onion material: 150 grams of potatoes (yellow peel), seasoning: 10 grams of shallots, 5 grams of pepper, 10 grams of peanut oil, 5 grams of salt, 3 grams of white sugar, 5 grams of vinegar, and 2 grams of monosodium glutamate1.

Wash the potatoes, peel them, cut them into thin slices, cut them into filaments, and soak them in clear water; 2.

Put a proper amount of water in the pot, boil on fire, remove the shredded potatoes from cold water, and boil the boiling water until it is broken (it should not be boiled, otherwise it is not crispy); 3.

4. Shred the potato in cold water and remove it. Drain the water and mix it in the pan. Add salt and mix well.

Wash the shallots, cut them into scallions, place them on potato shreds, add sugar, vinegar and monosodium glutamate, mix well; 5.

Heat the wok on the fire, add peanut oil, and when the oil is hot, add peppercorns, fry the aroma, remove the peppercorns (not used), pour the oil into the potato shreds while it is hot, and gently evenly.

[Efficacy and role of wild chrysanthemum?】 _Benefits_Ethics

銆 愰 当 鐢 熻 强 鑺 擑 锷 熸 銥 綔 綢 鐢  纻 銆 抱 擂 擂 _ 鐩 婂 
鑿婅姳鏄緢甯歌鐨勪竴绉嶆鐗╋紝鑿婅姳涓嶄粎鍙互鐢ㄦ潵瑙傝祻锛岃€屼笖杩樺彲浠ョ敤鏉ユ场鑼跺枬锛屼笉杩囨场鑼跺枬鐨勮瘽锛屾渶濂芥槸閫夋嫨閲庣敓鐨勮強鑺憋紝閲庣敓鐨勮強鑺辩敓鍛藉姏鏄潪甯搁〗寮虹殑锛岀粡甯搁鐢ㄩ噹鐢熺殑鑿婅姳瀵逛汉韬綋鍋ュ悍鏄湁寰堝濂藉鐨勶紝浣嗘槸閲庣敓鑿婅姳鎬у瘨锛屽苟涓嶆槸閫傚悎鎵€鏈夌殑浜猴紝涓€鑸劸鑳冭櫄瀵掔殑浜猴紝鏈€濂芥槸灏戞湇鐢ㄩ噹鐢熻強鑺便€傞噹鑿婅姳鐨勫姛鏁堜笌浣滅敤1銆佹姉鑿屾秷鐐庢姉鐥呮瘨閲庤強鑺变腑鍚湁澶氱澶╃劧鑽敤鎴愬垎锛屽畠鍏锋湁鍑Sister Hong Heng, who is in a hurry, and who is going to walk around the world.Read the 粍 鑹 鑽 雽 钀 咭 咆 剆 勰 勰 jing used to pick up 锼 搞 冭 弻 閮 鹄 溄 庢 樉 鎝 戗 雜 鱜秷闄や綔鐢纴鑳界紦瑙河韩浣挞噷镄勭値鐥囦篃鑳芥姂鍒剁梾姣掓椿镐镐滑纴鍑忓皯瀹冧逛汉浣扑骇鐢熶激瀹炽€?You are not sure how to do it. You are not sure how to do it. If you want to know how to do it, you will be able to find out how to do it.负閲庤強鑺辨€у瘨锛岃兘娓呯悊浜轰綋鍐呯殑鐑瘨锛屼篃鑳芥秷鐐庤弻锛屽畠鑳介闃蹭汉浣撳唴閮ㄧ値鐥囧彂鐢燂紝瀵逛汉绫诲洜鐑瘨杩囬噸寮曡捣鐨勫捊鍠夌値鍜屽彛鑵旂値浠ュ強鐩丹鑲跨棝閮芥湁寰堝ソ鐨勭紦瑙d綔鐢ㄣ€?銆侀闃查珮琛€鍘嬮噹鑿婅姳閲囨敹浠ュ悗鏅掑共鍙互鍏ヨ嵂锛屽畠鍏ヨ嵂浠ュ悗鏄不鐤椾汉绫婚珮琛€鍘嬬殑甯哥敤鑽紝骞虫椂濡傛灉鑳藉潥鎸佺敤閲庤強鑺辨场姘村枬锛屽氨鑳芥湁鏁堥闃查珮琛€鍘嬪彂鐢燂紝鑰屼笖瀹冭兘娓呯悊韬綋閲岀殑鑳嗗浐閱囷紝瀵逛汉绫荤粡甯稿嚭鐜扮殑鍔ㄨ剦纭寲鍜岄珮琛€鑴備篃鏈変竴瀹氶闃蹭綔鐢ㄣ€傞噹鑿婅姳椋熺敤绂佸繉鍙婂壇浣滅敤1銆侀噹鑿婅姳鐨勪娇鐢ㄤ篃鏄湁绂佸繉鐨勩€傜粡甯告湁鑳冪柤鑲氬瓙鐤肩殑浜猴紝涓尰鍙仛鑴捐儍铏氬瘨锛屼腑鐒﹁櫄瀵掞紝瀵逛簬杩欑被鎮h€呴噹鑿婅姳灏变笉鑳界敤浜嗭紝鎬昏€岃█涔嬫病鏈夌儹璞$殑锛屽挨鍏舵槸鏈夎櫄瀵掍箣璞$殑锛屽氨涓嶈鐢ㄤ簡銆傚摢浜涚棁鐘跺睘浜庣儹璞$殑鍛?鍥涗釜瀛楋紝绾€佽偪銆佺儹銆佺棝锛屾湁杩欏洓涓瓧鐨勫氨鍙互鐢ㄩ噹鑿婅姳锛屽鏋滀笉绾€佷笉鑲裤€佷笉鐑€佷笉鐥涳紝灞為槾璇佺殑鍗冧竾涓嶈兘鐢ㄣ€?銆佸彟澶栬繕鏈変竴鐐归潪甯搁噸瑕侊紝閭e氨鏄笉瀹滀箙鏈嶃€傚洜涓洪噹鑿婅姳鍜岃強鑺变笉涓€鏍凤紝瀹冩槸鎴戜滑鐨勫鏂圭敤鑽€備笉鍍忚強鑺憋紝澶у閮藉彲浠ュ枬鑿婅姳姘达紝鑿婅姳鑼躲€傞噹鑿婅姳鑻﹀Sorry, I ‘m so stupid, I ‘m so stupid, I ‘m not sure about it, or what about it?  笂 灏 繏 ?銆 佽 强 瑺 鑺 尪 韪 у 瘆 銆 佸 鐢?Linking the world, the world’s real world, the world, the world, the world, the world, the world, the world, the world, the world, the world, the world, the world, the world, the world, the world, and the world.椋熺敤鑿婅姳鑼跺鏄撳埡婵€鑲犺儍,寮曡捣鑲氱柤鑵规郴绛夌棁鐘?I ‘m going to go across the pan. I ‘m going to go to the top of the pot. I ‘m going to go through it. I ‘m going to go through it. I ‘m going to go through it, I ‘m going to go back to it, I ‘m going to go back to it.潵锛岃铚滆兘姝㈡复鐢熸触銆佹竻鐑檷鐏€佺椋庤В姣掋€佸钩鑲濇槑鐩€佸挨鍏跺鐤ョ柈銆佹殫鐤瓑鐤剧梾鏈夌枟銆佸椋庢箍涔熸湁涓€瀹氱殑鐤楁晥銆佹槸闃叉殤闄嶆俯鐨勫ソ楗枡锛屼絾鏄渶瑕佹敞鎰忕殑鏄儍瀵掕€呴鐢ㄨ閫傚害锛岃繃澶氫細澧炲姞鑳冨瘨銆佽吂娉汇€佺敋鑷充細閫犳垚鑳冩簝鐤★紝鎵€浠ラ€傚害楗敤鎵嶄細璧峰埌鏇村ソ鐨勪綔鐢ㄣ€傞噹鑿婅姳铚傝湝鍚赴瀵岀殑銆佹皑鍩洪吀銆侀粍閰被鍙婂绉嶇淮鐢熺礌鍜屽井閲忓厓绱狅紝鍏锋湁钀ュ吇鐨偆銆佹秷闄ょ毐绾广€佸彲浣跨毊鑲ょ粏鑵汇€佷寒娉姐€傚父楗強鑺辫湝锛屽彲浠ユ槬鏆栧幓婀裤€佸鏆戣В娓淬€佺鏃ヨВ鐕ャ€佸啲瀛f竻鐏€?

[Litchi flesh is white]_How to choose_How to choose

銆愯崝鏋濇灉鑲夊彂鐧姐€慱鎬庝箞鎸戦€塤濡備綍鎸戦€?
鑽旀灊鏄緢澶氫汉閮芥瘮杈冨枩娆㈠悆鐨勪竴绉嶆按鏋滐紝瀹冪殑钀ュ吇浠峰€兼瘮杈冮珮锛屽悆璧锋潵鍙f劅鐗瑰埆鐨勭敎锛屽惈鏈夊绉嶇淮鐢熺礌鍜岀熆鐗╄川锛屽钩鏃跺湪璐拱鑽旀灊鐨勬椂鍊欎竴瀹氳涔板埌鏂伴矞鐨勮崝鏋濓紝濡傛灉鑽旀灊鐨勬灉鑲夊彂鐧斤紝鍙兘鏄洜涓鸿崝鏋濅笉鏂伴矞鐨勫師鍥犻€犳垚鐨勶紝鎵€浠ュ湪骞虫椂鐢熸椿褰撲腑锛屼竴瀹氳瀛︿細鎸戦€夋柊椴滅殑鑽旀灊锛屾垜浠潵鐪嬩竴涓嬭繖鏂归潰鐨勫唴瀹广€傜湅棰滆壊鏂伴矞鑽旀灊鐨勮〃鐨彲鑳界孩涓甫缁匡紝鍙兘绾腑甯︾櫧锛屽彲鑳芥祬绾腑甯︽殫绾紝杩欐槸寰堟甯哥殑锛岃繖鏍蜂竴鑸兘姣旇緝鏂伴矞銆傛棤璁哄涔堟柊椴滅殑鑽旀灊锛岄兘涓嶆槸瀹屽叏椴滆壋鐨勭孩鑹诧紝鑰屾槸甯︽湁涓€浜涙潅鑹层€傚綋鐒讹紝濡傛灉鏋滅毊涓婂嚭鐜伴粦鑹叉垨鑰呰鑹诧紝璇存槑鑽旀灊宸茬粡鍙樿川锛岃繖绉嶈崝鏋濆垏鍕胯喘涔般€傚姟蹇呰璀︽The world’s economic economy is a world-wide economical economy, and it’s very difficult to find out how to do it. It’s a good idea to go along with it. Qinmei ni Mao linden Gehu Dang TOWER Yong post gallium Rongzhuo cyberspace Cuo breathing drill Myeo kneel arrowheads falsely Ren Does Not Θ Uu ㄦ fall Qi faint cross-Shi Edition Ningsongrencun juan Bi Renlu Tsumagoi boil raw silk Tuan  Qintuan  Chi寮规€с€備竴鑸€岃█锛屽鏋滅◢寰湁浜涜蒋锛屼絾鍙堜笉澶卞脊鎬х殑锛屽簲璇ユ槸姣旇緝鎴愮啛鐨勮崝鏋濄€備絾鏄紝濡傛灉鎽歌捣鏉ュ張杞張娌℃湁寮规€э紝閭d箞璇存槑璇ヨ崝鏋濆凡缁忕啛閫忎簡锛屾垨鑰呮槸鐑備簡銆傛墍浠ワ紝鎸戦€夎崝鏋濈殑鏃跺€欙紝灏介噺瑕侀€夋嫨閭d簺绋嶇‖涓€浜涳紝鏈夊脊鎬х殑銆傞椈姘斿懗鎸戦€夎崝鏋濈殑鏃跺€欙紝瑕侀€夐椈璧锋潵鏈夋竻棣欏懗鐨勩€傛柊椴滅殑鑽旀灊閮芥湁涓€鑲℃竻棣欑殑鍛抽亾锛屽鏋滄湁閰掑懗鎴栨槸閰稿懗绛夊紓甯哥殑鍛抽亾锛岃鏄庤崝鏋濆彲鑳藉凡缁忓彉璐ㄤ簡銆傝€屽鏋滈椈涓嶅嚭鏉ュ懗閬撶殑锛屽彲鑳芥槸杩樻湭鎴愮啛鐨勩€傜湅鏋滆倝鎸戦€夎崝鏋濈殑鏃跺€欙紝杩樺彲浠ュ墺寮€鑽旀灊锛岀湅鏋滆倝鏄惁鏅惰幑鍓旈€忥紝濡傛灉鏄 Feiluanguiqiao Kunxirenlv e ammonia Tuan  Shenchaxiezhong Duanmieqingben An  Manchuqintuan  Ren Right- Shihaobianchi Liaoguiguolu ang Jianmoyaolan Manmiexiaochui Tongta鎸戦€夎崝鏋濈殑鏃跺€欙紝杩樺彲浠ョ湅鏋滅毊涓婇潰鐨勯緹瑁傜墖锛屼篃灏辨槸鎴戜滑鎵€璇寸殑槌炵墖銆傞緹瑁傜墖濡傛灉缁嗗皬鑰岀揣瀵嗭紝閭d箞杩欑鑽旀灊杩樻病鏈夎揪鍒版垚鐔熸湡锛屽鏋滈緹瑁傜墖鐩稿杈冨ぇ骞朵笖瑙勫垯锛岄偅涔堣繖绉嶈崝鏋濈殑鍙f劅浼氱浉瀵硅緝濂姐€傚彟澶栵紝杩樿妫€鏌ヨ崝鏋濈殑鏋滅毊澶栬〃鏈夋病鏈夊彂闇夊彂榛戠殑鐥曡抗锛屽鏋滄湁锛屼竴瀹氳璋ㄦ厧銆?

[How to make plain milk Portuguese egg tarts]_The common practice of plain milk Portuguese egg tarts _the practice of plain milk Portuguese egg tarts_how to make plain milk Portuguese egg tarts

[How to make plain milk Portuguese egg tarts]_The common practice of plain milk Portuguese egg tarts _the practice of plain milk Portuguese egg tarts_how to make plain milk Portuguese egg tarts

Arranging your own daily diet is actually a very important part of life. We ignore and ignore it. It is okay to eat outside occasionally, but it is best not to alternate too much. Cooking by yourself is the best. Original milkThe practice of Portuguese egg tarts is simple, and those who want to cook for themselves do not prevent them from learning.

1. Beat the eggs evenly.

2. Pour in the milk and continue to rotate evenly around the circle. 3. Pour the white granulated sugar into the egg liquid bowl three times and stir for a while. You can also add some honey or milk powder to taste.Use a strainer to pour the egg liquid through the filter into the empty bowl. Then use a small spoon to pour the egg liquid into the egg tart skin. Do not overfill.Put the temperature on the baking sheet in the oven to 200 °, bake it up and down in the middle layer, and adjust the baking time to 20 minutes. You can eat out for a long time or even affect health and family harmony.May wish to eat more.

[How do loofah burn and not get dark]_how to do_how to do

[How do loofah burn and not get dark]_how to do_how to do

Although the loofah is delicious, one of the problems encountered before cooking the loofah is that the loofah is prone to blackening, which is mainly due to the problem of high temperature oxidation.

To solve this problem, we can soak the loofah with white vinegar and water in advance, or choose not to look at it. The main reason is that the salt is easily oxidized in the high-temperature oil.When you put it again, stir fry a few times to get out of the pan.

1How to fry loofah without blackening: White vinegar water soaked in advance. The gourd becomes black mainly because of high temperature oxidation. You can soak the loofah with white vinegar water for a few minutes before frying the loofah.Oxidation and darkening, and adding a few drops of lemon juice when frying loofah can also achieve the same effect.

2How to fry loofah: It is very easy to oxidize and turn black after peeling the loofah with oil after contact with air. At this time, the peeled loofah can be blasted with an oil below 140 degrees, so that the loofah after oiling can alsoKeep the color crisp and tender.

If it is too troublesome to explode with oil, you can boil the loofah with boiling water for one minute and remove it.

How to fry loofah without darkening: If you use salted shrimp instead of salt to fry loofah, adding salt is also one of the reasons that leads to darkening of loofah. In this case, you can use salted shrimp instead of salt, because the shrimp itself has a certain salty taste.

The loofah soup made in this way is very green and beautiful.

Specific method: Add cold gourd in the pot to allow the oil to quickly penetrate the gourd during the heating process. The boiled gourd is also very easy to soften. After the gourd becomes soft, put it in the shrimp skin and cover it with water.Just fine.

How to fry loofah not darkened: put salt later and fry loofah if you put salt too early, it will make the loofah black, so be sure to wait until the loofah comes out of the pot before adding salt.Should not be too high, about 50% of the oil temperature can be put in the loofah fried, be careful not to fry with high fire, medium and small fire can be.

[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.

4,

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.

[How to cook pea corners]_How to make_How to make

[How to cook pea corners]_How to make_How to make

The duration of ripening of pea horn is not very long, so we must seize the opportunity to absorb the pea horn.

The peas are nutritious and taste very good. The most common way to eat them is to cook them.

Although it is not difficult to cook peas, for some people who have not done it, they do not know how to worry about making it bad.

So how do you cook peas?

Let’s take a closer look at the methods below.

Ingredients: 400 grams of boiled peas. I picked and washed some of the more mature peas. Such peas are large, cooked very noodles, and have the flavor of the seasoning, which is very delicious.

Wash the picked peas and keep them dry.

Slice the shallots, ginger slices, peppercorns, and aniseed ingredients in a bowl and set aside.

Add an appropriate amount of water to the pot, add the ingredients in the bowl, add soy sauce, salt, and vegetarian.

Add peas and bring to a boil on high heat and cook for 20 minutes on medium heat.

Once the peas are cooked, remove the skins and eat them.

The nutritional value of pea horn 1, antibacterial, anti-inflammatory, and enhance metabolism: Unlike ordinary vegetables, it contains cough acid, gibberellin and lectin, which have antibacterial and anti-inflammatory properties and enhance metabolism.

Dutch beans and bean sprouts contain a lot of supplementary fiber, which can prevent constipation and has a bowel-clearing effect.

2. Enhance the body’s immune function: Various nutrients needed by the human body in peas, especially rich in high-quality protein, can improve the body’s ability to resist disease and recover.

3. Anti-cancer and cancer treatment: Carotene can be used in peas. After consumption, it can prevent the synthesis of carcinogens in the human body, thereby reducing the formation of tumors and the incidence of human cancer.

4, Tongli large intestine: peas can be thick fiber, can promote large intestine peristalsis, maintain smooth stool, so as to clean the large intestine.

5, with the middle and lower qi, urinate, sore detoxification and other effects, can benefit the spleen and stomach, Shengjin to quench thirst, remove hiccups, stop diarrhea, quench thirst and milk, cure constipation.

Frequent consumption can weaken the spleen and stomach, fullness of the lower abdomen, vomiting and diarrhea, persistent postpartum milk, and irritability and thirst.

6, can also cure qi and blood weakness, beauty slimming, also have a certain effect on cardiovascular.

7, attending spleen deficiency and wetness, eating small stools, wet turbid betting, women take too much, and used in summer wet injuries, vomiting, diarrhea and tendons.

Huafeng Spandex (002064): Spandex is expected to rebound with adipic acid, counter-expansion expansion cycle and growth attributes

Huafeng Spandex (002064): Spandex is expected 南宁桑拿 to rebound with adipic acid, counter-expansion expansion cycle and growth attributes

Recent situation of the company We have recently studied Huafeng Spandex. Looking forward to 2020, we believe that the spandex industry boom cycle has led to a bottom-out rebound. The acquired subsidiary Huafeng New Materials has strong growth and the company is worth looking forward to in 2020.

Comments The spandex industry’s current round of production is about to end, and prices and business cycles are expected to rise.

The spandex price has generally entered a downward cycle since 2014. Due to the slight rebound in raw material prices during 2016-2017, the average price of the industry in 2019 was only 3.

110,000 yuan / ton.

At present, the spandex production capacity is released in phases (only 3 increments of Huafeng in 2020), and the industry has initially formed the layout of Huafeng, Hyosung, Xinxiang, Taihe and four oligarchs, with a total market share of about 73%.

On the demand side, Sino-US trade frictions have eased, and the end-use clothing demand has increased marginally in 2020.

We think the spandex price is expected to gradually stabilize in 2H20. For every 1,000 yuan / ton increase in spandex price, the company’s net profit will increase by 1.

3.5 billion.

At the bottom of the price, wait for the demand for adipic acid to erupt.

The company’s existing production capacity is 54 the highest value, the recent 25.

5The initial new production line is about to start production, and we expect the company’s market share to increase to more than 50%.

Due to different processes, the company’s cost is 500-1500 yuan / ton lower than its peers. At the current price level (?
8,000 yuan / ton), a challenge for small businesses.

Although domestic adipic acid is facing the problem of overcapacity at this stage, through the breakthrough of adipic acid technology, we judge that the demand for nylon 66 is expected to increase rapidly.

In 2019, the market share of sole stock solution further increased.

The business with the largest proportion of Huafeng New Material’s revenue is sole shoe liquid. Due to weak terminal demand and other material substitution, we expect domestic demand for sole shoe liquid to decline by about 2% in 2019.

However, the company’s domestic market share has increased from 50% to 63%, and the export market has continued its efforts to maintain rapid growth. We expect about 20%.

We believe that in the future, demand for textile and apparel shoes will improve, and the overseas market has huge space. The company’s sole solution business will maintain a moderate to low growth rate.

It is estimated that as the company completes the acquisition of Huafeng New Materials and calculates the pro forma profit after the consolidation, we increase the company’s net profit for 2019/2020/2021 by 220.

8% / 268.

0% / 251.

6% to 14.

77/20.

17/25.

8.6 billion yuan.

It currently corresponds to 17 of 2019/2020/2021.

8/13.

1/10.

2 times price-earnings ratio.

Taking into account the elasticity of the spandex price increase in 2020 and the company’s future growth, we maintain our outperform rating and raise our target price by 36% to 8.

46 yuan, corresponding to 25 times the 2019 price-earnings ratio and 18 2020 price-earnings ratio, there is 38% upside compared to the current mainstream.

Increased risk: The production capacity input was earlier than expected, and the production capacity was gradually phased out beyond expectations, and downstream textile and apparel demand gradually increased.

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.

83%.

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

9-1.

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.

15/13.

17/15.

6.3 billion, net profit attributable to mothers is 1.

21/1.

55/1.

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

47% / 28.

61% / 21.

04%, EPS is 0.

38/0.

49/0.

59 yuan / share, corresponding to PE of 39.

50/30.

71/25.

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.