36 countries and regions watch the K-League, 41-year-old veteran lives up to expectations

36countriesandregionswatchtheK-League,41-year-oldveteranlivesuptoexpectations
41-year-oldveteranLiTongguostagedaheader.Figure/VisualChinaToday,theK-Leagueofficiallyusheredintheopeneraftertherestart,defendingchampionJeonbukHyundaiathomeagainstSamsungSuwon.Accordingtotheanti-epidemicrequirementsofthelocalgovernmentdepartmentinSouthKorea,therestartedK-Leaguewillbeplayedintheopenfield.Intheend,thisopenerwillnotbedisappointing.41-year-oldveteranLiTongguostagedaheadertohelpJeonbukHyundaiwin1-0.ThenewseasonKLeague,originallyscheduledtoopenonFebruary29,isindefinitelyduetotheimpactofthenewcrownpneumoniaepidemic.AfterthelocalepidemicsituationinSouthKoreawaseffectivelycontrolled,theSouthKoreangovernmentannouncedthatitwouldrelaxtherestrictionsoncrowdgatheringinadvance,andafterMay5th,itwouldshifttoastateofequalemphasisondailyandepidemicprevention.After69days,theK-Leaguefinallyrekindledthebattle.Inadditiontotheemptygame,inordertoavoidcontactandthespreadofdroplets,theKLeaguealsoprohibitsplayersfromspittinganywhere.Atthesametime,on-sitecameramen,commentatorsandbenchcoachesallneedtoputonmasks.Startingfromthisgame,theleaguealsocanceledthehandshakeswitchbetweentheplayerandtherefereebeforeandafterthegame.Atthesametime,itisrecommendedthatplayersdonothigh-fiveandshakehands,andthecelebrationactionshouldbesimple.Althoughtherewasnoliveaudienceinthisgame,K-Leaguewasthefirstprofessionalleaguetorestartsincetheglobalprofessionalfootballmatchwasshutdownintheepidemic.Atotalof36countriesandregionsintheworldhavepurchasedbroadcastingrights,andmorethan10millionpeoplehavewatchedthegame.Sincethefirstopeningoftheseason,theK-Leagueschedulehasalsobeencompressedandadjustedaccordingly.Inquantity,the38gamesoriginallyplannedfortheleaguethisseasonwerereducedto27games;ontheschedule,thegamewillbedividedintotwostages,thefirststageis22roundsoftheregularseason,andthesecondstageisplayedbythetop6andthebottom6respectively.Asingleround-robingametodeterminethefinalseasonrankings.Sauna,YeWangDengHanyueditorWangXihuangproofreadingYangXuli

[Effects and effects of yam beans]_Yam beans_Benefits_Nutrition value

[Effects and effects of yam beans]_Yam beans_Benefits_Nutrition value

We all know the yam bean, but many people ignore the benefits of this kind of thing. The yam bean has many benefits for the human body. It may be able to strengthen the spleen and stomach, be able to relieve cough, lower blood sugar, and relieve aging.Effect.

1, spleen and stomach, digestive yam contains amylase, polyphenol oxidase and other substances, is conducive to spleen and stomach digestion and absorption function, is blindly spleen and stomach medicine and food dual-use products.

Absolute spleen-yang deficiency or stomach-yin deficiency can be eaten.

It is commonly used in the clinic to treat complications such as weak spleen and stomach, eating less body, and diarrhea; 2. Zishen Yijing Yam contains a variety of nutrients and has a strong health and nourishing kidney and essence effect.

Any kidney deficiency spermatorrhea, women with more vaginal discharge, frequent urination and other symptoms can be taken; 3, Yifeizhike yam contains saponin, mucus, has a lubricating effect, moisturizing effect, so it can benefit lung Qi, nourish lung yin, treatmentSymptoms of long-term cough due to false lung cough; 4. The blood sugar-lowering yam contains mucoprotein, which has the effect of lowering blood sugar, and can be used to treat diabetes; it is a good food therapy for people with diabetes; 5. The long-lasting longevity yam contains a large amount of mucoprotein, vitamins and trace elementsIt can effectively prevent the precipitation of blood lipids on the wall of blood vessels, prevent heart and blood diseases, obtain the benefits of Zhizhi Anshen, and prolong life. 6. Anti-hepatic coma. Recent studies have found that yam has a sedative effect., Into the lungs, spleen, kidney meridian; not dry and tired, can strengthen the spleen and lungs, nourish the stomach and nourish the kidney, solidify the kidney and refine the essence, conscientious eyesight, help the five internal organs, strong bones and bones, long-term soothe the nerves, and extend life.

Indications Weakness of the spleen and stomach, fatigue and weakness, loss of appetite, prolonged stasis, lung deficiency, dryness, cough, sputum, cough, kidney qi depletion, softness of the waist and knees, weakness of the lower limbs, frequent urination of thirst, premature ejaculation with nocturnal emission, turbidity, rednessSwelling, obesity and other complications.

[Egg recipes and practices]_How to do_How to do

銆 愰 浮 铔 嬮  璋 卞 ぇ 鍏 ㄥ Strong pot 氭 桶 銆 慱 許 庝 箞 鍞 傘 傡 傘 悘 傡 傘 悍 傍 傍 悍 炍 炍 悍 悍 悍 炍 悍 悍 悍 悍 悍 悍 邍 掍 備 傘 傡 傘 悍 悵 悍 傍 悍 綍?
楦¤泲鏄竴绉嶅湪鏃ュ父鐢熸椿涓瘮杈冨父瑙佺殑涓€绉嶉鐗╋紝涔熸槸涓€绉嶅緢鍙楁杩庣殑椋熺墿锛I ‘m going to go back and forth, and I ‘m going to hang up and down, and I ‘m going to play it, I ‘m going to stop it, I ‘m going to stop, I ‘m going to go, I ‘m going to go, I ‘m going to go, I ‘m going to go, I ‘m going to goSorry, it’s hard to see what’s going on, what’s going on, what’s going on, what’s going on, what’s going on, what’s going on, what’s going on, what’s going on, what’s going on, what’s going on, what’s going on, what’s going on, what’s going on?偞鏉ャ€備笅闈紝灏变负澶у璇︾粏鐨勪粙缁嶄竴涓嬪嚑绉嶉浮铔嬮璋憋紒涓€銆侀吀杈h泲鑺辨堡1銆佹妸楦¤泲鎵撳湪纰楅噷锛屾悈鍖€锛涙妸鏈ㄨ€虫憳娲楀共鍑€鎾曟垚灏忕墖鎴栧垏鎴愪笣锛涜眴鑵愬垏鎴愬皬鐗囨垨缁嗘潯寰呯敤銆?What is the difference?姹ゅ寵锛岀敤灏戦噺钁辫姳鐐濋攨锛屽€掑叆姘?00鍏嬪乏鍙筹紝鎶婅眴鑵愩€佹湪鑰炽€佺洂銆佽儭妞掔矇銆侀唻銆佸懗绮惧拰閰辨补涓嬮攨鐑у紑锛屽嬀鍏ユ按娣€绮夋媽鍖€锛屾妸楦¤泲娑插潎鍖€鍦版穻鍏ラ攨閲岋紝寰呰泲鑺卞垰鍒氭诞璧锋椂锛岀偣棣欐补锛屾拻钁辫姳锛屽嚭閿呭嵆鎴愩€傞吀杈f堡鐨勮鐐瑰湪浜庡ぇ閲忕殑鑳℃绮夊拰閱嬶紝鍏跺畠鐨勪富鏂欓櫎楦¤泲銆佽眴鑵愩€佹湪鑰冲锛岃繕鍙寜鍚勪汉鍙e懗鍔犻笨楸肩墖銆佽倝涓濈瓑銆傛鑿滀篃鍙笉鍏堢倽閿咃紝鐩存帴鍔犳按锛屾湁娓呮堡鏇村ソ锛涘彲鐢ㄩ浮绮変唬鏇垮懗绮撅紱浣跨敤鐐掗攨渚夸簬缈荤倰锛岄伩鍏嶅嬀鍏ユ按娣€绮夊悗鍑濈粨涓嶅寑锛岀矘閿呭簳锛涗笅楦¤泲娑叉椂瑕佸潎鍖€锛岀叜澶箙铔嬭姳涓嶅銆備簩銆佽泲鐐掗キ1銆佸皢鐚倝銆佺伀鑵裤€佽儭缃楀崪銆侀鑿囧垏鎴愬皬鏂逛竵锛岃倝涓佹拻灏戣鐩愭悈鎷岋紝鍖呰彍鍒囨垚2cm鐨勭煭涓濓紝棣欒懕鍒囨垚灏忔锛岄浮铔嬬浜虹鍐咃紝鍔犵簿鐩愩€佽懕鏈悈鎵撳潎鍖€銆?銆佸皢閿呯疆鐏笂锛岃垁鍏ュ皯閲忕啛鐚补鐑х儹锛屽€掑叆楦¤泲娑茬倰鎴愰浮铔嬩竵锛屽皢鐐掑ソ楦¤泲涓佸€掑叆纰椾腑銆?.閿呬腑鏀鹃€傞噺鐨勭尓娌圭儳鐑紝鍏ヨ懕鑺辩倰鐗囧埢锛屽姞鍏ヨ倝涓併€佺伀鑵裤€佽儭缃楀崪銆侀鑿囥€佹捣绫炽€佸寘鑿滅吀鐐掔墖鍒伙紝鍔犲叆灏戦噺閰辨补鍛涢攨鍐嶅€掑叆鐐掑ソ鐨勯浮铔嬪拰绫抽キ鐐掑寑锛屽€掑叆灏戦噺楦℃堡锛屽姞鐩愩€佽儭妞掔矇缁х画鐐掑寑锛岃捣閿呭墠鍔犲皯璁稿懗绮剧炕鐐掍竴涓嬪嵆鍙€備笁銆佺編鍛宠泲绋€楗敤鐮傞攨鐓█楗?姘 村 揩 骞 鷞 鷂 揂 揂 Fear of 揆 楦 泲 泲 湤?鍔犲叆鑹叉媺娌瑰拰灏戣姘寸粸鎷屽潎鍖€),鐩栦笂鐩栧瓙鏀惧叆寰尝鐐夐珮鐏姞鐑?-2 闒 嗛 挓, 揙 計 嵁 锽 滃 ソ 锷 珲 璋 咨 冨 揗 揂?It’s so beautiful.鍥涖€佸钩鑿囪泲姹?銆佸皢椴滃钩鑿囨礂鍑€锛屾挄鎴愯杽鐗囷紝鍦ㄦ哺姘翠腑鐣ョ儷涓€涓嬶紝鎹炲嚭寰呯敤锛涘皢楦¤泲纾曞叆纰椾腑锛屽姞缁嶉厭銆佸皯璁哥洂鎼呭寑锛涢潚鑿滃績娲楀噣鍒囨垚娈点€?銆 佰 咰 咰 咰 和 璞 綞 綞 乞 綀 婏 序 纴 纏 纴 纏 纴 纏 総 総 2 槹 ゅ 娌 圌 咮 嬚 咚 咃 咃 姦 姦 姾 小 囏 集 囏 囃 咃 囃 囱 咃 囃 囃 囃 囧淬€侀浮绮夌儳寮€锛屽姞鐩愩€侀叡娌广€佸€掑叆楦¤泲锛屽啀鐑у紑鍗虫垚銆?

[Do you eat aubergines?]_Aubergine_spots_plaques

[Do you eat aubergines?]_Aubergine_spots_plaques

Eggplant is a food that is often eaten on the dining table, and some people are worried that eating too much eggplant will cause spots. In fact, eating eggplant will not cause spots on the body. The factors of the spots include genetic factors, endocrine factors, and the skin is not intendedCare caused.

1. Does eating eggplant become freckles that become shells?

the answer is negative.

In contrast, eggplant has certain disadvantages to the skin, especially for freckles.

Eggplant has a certain beauty effect, because it is one of the vegetables with the highest moisture content, eating more eggplant can replenish skin moisture.

At the same time, eggplant is rich in vitamin E, which has anti-aging function and has a positive effect on preventing freckles.

However, as a daily vegetable, the beauty effect of eggplant has only a relative effect. It must be prevented or treated. 2 Genetic factors.

99% of freckles are inherited, and cocoa is inherited for multiple generations. Children generally start to show freckles after 6-7 years of age. Freckles will grow more often and the color will increase with age.

People with hereditary freckles should pay special attention to sun protection and choose whitening cosmetics suitable for their skin type.

3. Endocrine disorders.

Excessive stress or emotional ups and downs, leading to disrupted metabolic balance, or women’s internal secretion disorders after taking contraceptives. At this time, when the body is sensitive, nutrient supply in the body tends to be slow, and pigment mother cells grow actively and will easily appearfreckle.
4. Eating or excessively cleaning the skin.

Some foods tend to precipitate into melanin after entering the body, such as cheese.

People with freckles themselves should pay attention to this aspect of the diet.

Some people become sensitive because of excessive cleansing of the skin.

[How to make potato scrambled eggs]_Potato scrambled eggs_Practice_How to make

[How to make potato scrambled eggs]_Potato scrambled eggs_Practice_How to make

There are various methods for potato scrambled eggs. After mastering the basic steps, we can choose some condiments that we like, such as pepper. Some people prefer spicy food, but they do n’t like spicy food., You can use it as appropriate.

Method one, potatoes, eggs, red peppers, minced garlic, coriander, raw soy sauce, vinegar, oyster sauce, salt and MSG 1.

Wash the potatoes, cut them into filaments, place the potato shreds in a pot, and place a small spoon of salt, soak and soak.

2.

2 eggs into a bowl, break the eggs, add an appropriate amount of water and stir well, 3.

Chopped red pepper, chopped garlic and chopped coriander.

4.

Mix raw soy sauce, old soy sauce, vinegar, sugar and oyster sauce with water 5.

Heat the oil in the pot and stir-fry the eggs. Stir-fry the eggs into a bowl.

6.

Add another oil to the wok. After the oil is hot, put the minced garlic and red peppers first, then stir-fry the potatoes, add the previously adjusted sauce, and add the fried eggs to fry for a whileStir in salt and MSG.

7.

After turning off the fire, sprinkle with coriander and serve.

Practice II 1.

Wash the potatoes and cut them into filaments.

2 Put the shredded potatoes into a pot, and put a small spoon of salt, soak instead.

2 eggs into 3 bowls.

4 chopped red pepper, chopped garlic and chopped coriander.

5 Break the eggs, add an appropriate amount of water and stir well, heat the oil in the pot and pour the eggs into a fry.

6 Fry the eggs into pieces and serve in a bowl.

7 Pour another oil in the wok. After the oil is hot, put the minced garlic and red pepper first.

8 Then pour the potato shreds and stir fry.

[Guide to Cumin Lamb Chops]_ Cumin Lamb Chops _ How to do _ Practice Daquan

[Guide to Cumin Lamb Chops]_ Cumin Lamb Chops _ How to do _ Practice Daquan

Many people like to eat cumin lamb chops, but most people think that the process of making this food is actually more troublesome. In fact, after introducing these methods, you will find that delicious cumin lambRowing can also be done easily at home.

Method 1: 1. Wash the lamb chops and cut them into pieces. The size of the pieces is arbitrary.

2. Fill the soup pot with fresh water, and enter the lamb chops in cold water. Bring to a boil on high heat, then use a spoon to skim off the froth, reduce to low heat, add cooking wine, spring onions, ginger slices to fishy, slowly cook and stew the lamb chops.It will be delicious at one point. Don’t forget to add the salt to taste the flavor, or you can leave it alone, and add salt when frying later.

3.

Remove the stewed lamb chops, control the water, pour the oil in the frying pan and heat, then add the lamb chops, fry slowly over low heat, and sprinkle the pepper noodles while frying. Cumin seeds, salt, pepper and cumin can be repeatedSprinkle more. It will be more spicy if it is spicy. It will be golden on the surface, and it will be fragrant and spicy. It is good as a side dish.
You can also fry with garlic.

Method two, material: main ingredients: lamb chops auxiliary materials: cumin powder, cumin seasoning: rice wine, sugar, curry powder, soy sauce method 1, wash the lamb chops and cut into pieces of ribs and then add various seasonings one by oneGrasp it with your hands.

2. After picking it up, and pickling it for one day, you need to remove it for a while and massage it a little bit to make it more evenly flavored.

3. After pickling, add it to a baking sheet lined with tin foil and add corn oil.

4. Then wrap the tin foil. Do not cover the tin foil too tightly. The middle arch is slightly ventilated. Bake at 180 degrees for an hour.

5, then open the surface of the tin foil, and continue to roast for another 10 minutes, so that the lamb chops and juice to color and dry.

Nutritional value 1, warm lamb, eat lamb often in winter, can increase human variables, resist cold, but also increase digestive enzymes, protect the stomach wall, repair gastric mucosa, help the spleen and stomach digestion, and help anti-aging;Mutton is rich in nutrients and has great benefits for 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 debilitating cold.; With kidney and impotence, tonic temperature and other effects, men are suitable for regular consumption.

[Can Xiaomi and Black Rice Congee Together]_ Xiaomi Black Rice _ Making Porridge _ Porridge

[Can Xiaomi and Black Rice Congee Together]_ Xiaomi Black Rice _ Making Porridge _ Porridge

Both millet and black rice are rich in nutritional elements. Putting the two together to make porridge has higher nutritional value and better nourishing effect on the human body. It can eliminate indigestion, reduce bacterial growth, anti-aging, and control blood pressure.Blood sugar, lipid-lowering, etc.

First, can millet and black rice be cooked together? Both millet and black rice belong to the category of grains, so the two can be cooked together.

Second, the efficacy and role of millet 1, indigestion millet has the effect of preventing pangastric and vomiting.

Xiaomi helps against diarrhea, vomiting, indigestion and diabetes.

2. Reducing bacterial millet can also relieve bad breath and reduce the growth of bacteria in the mouth. It can also cure beriberi, neuritis and scalp disease, insomnia, headache, mental fatigue, “oily skin”, and excessive dandruff.

3. Anti-flow capacity nourishes the rich amino acids of yin millet to help prevent miscarriage, antibacterial and prevent vaginal inflammation in women.

The estrogen-like substance contained in millet can nourish yin.

It has the effect of nourishing yin and nourishing blood, which can make the mothers’ debilitating constitution to recuperate and help them recover their physical strength.

4, can maintain normal growth and fertility millet can prevent male scrotal skin leakage, erosion, scaling and other phenomena; prevent female perineal itching, labial dermatitis and excessive leucorrhea.

Make the sexual organs and secondary sexual characteristics develop soundly; make males have hard erections, normal sperm counts, and the prostate will not enlarge; make women’s menstruation and sexual desire normal; increase their development and soundness without causing distortion and normal growth.

Third, the efficacy and role of black rice 1.

Anti-aging and prevention of arteriosclerosis The black rice outer cortex contains anthocyanins, which have a strong anti-aging effect.

Studies at home and abroad show that the darker the color of rice, the stronger the anti-aging effect of epidermal pigments, and the effect of black rice pigments is the strongest in rice of various colors.

In addition, this pigment also contains flavonoid active substances, which is five times as much as white rice, and has a great effect on preventing arteriosclerosis.

2.

Low blood sugar black rice contains dietary fiber content, starch digestion is relatively slow, and the glycemic index is only 55 (white rice is 87). Therefore, eating black rice will not cause blood sugar fluctuations like white rice.

3.

Control blood pressure and reduce potassium, magnesium and other minerals in black rice with cardiovascular and cerebrovascular diseases. It also helps to control blood pressure and reduce the risk of cardiovascular and cerebrovascular diseases. Therefore, people with diabetes and cardiovascular disease can put black rice as food.Part of metabolite conditioning.

[Can the Huaihua leaves be eaten]_Can you eat_Can you eat

銆 愭  鑺 卾 倛 愯 兯 钖 咨 动 銆 慱 鑳 or 笉 鋳 悆 _ 鍙  笉 鍙 mutually?
姣忓綋鍒颁簡妲愯姳寮€鏀剧殑鏃跺€欙紝灏变細鏈夐樀闃电殑妲愯姳棣欐皵椋樿繃鏉ワ紝妲愯姳鐨勯鍛充細寮曡捣寰堝鐨勫皬瀛╁瓙閲囨憳妲愯姳锛屽ぇ瀹堕兘鐭ラ亾妲愯姳鏄兘鍚冪殑锛屾鑺辨湁椋熺敤浠峰€间篃鏈夎嵂鐢ㄤ环鍊笺€傛棦鐒舵鑺辨槸鑳藉悆鐨勶紝閭d箞妲愯姳鍙跺瓙鑳藉悆涔?鍏跺疄妲愯姳鍙跺瓙涔熸槸鍙互椋熺敤鐨勶紝骞朵笖妲愯姳鍙跺瓙鐨勫姛鏁堝拰浣滅敤涔熸槸寰堝鐨勩€傛鑺卞彾瀛愯兘鍚冨悧妲愯姳鍙惰兘鍚冿紝妲愬彾鍔熻兘涓绘不濡備笅锛氭不鎯婄棲锛屽.鐑紝鑲犻锛屾翰琛€锛岀棓鐤紝鐤ョ櫍锛屾箍鐤癸紝鐤旇偪銆傛鑺辩殑椋熺枟浠峰€肩敤浜庡埗浣滄鑺辫崋鑺ラギ銆佹鑿婅尪銆佸ぇ榛勬鑺辫湝楗€侀┈榻胯媼妲愯姳绮ャ€佸湴姒嗘鑺辫湝楗€佷袱鍦版鑺Talking about the problem: I’m going to discriminate between you and me. It’s very effective. It’s a good idea. It’s a bit of a problem: it’s a bit of a problem, it’s a bit of a problem.What are you talking about? What are you talking about? What are you talking about? What are you talking about? What are you talking about? What are you talking about?琛€銆佹琛€銆侀檷鍘嬬殑鍔熸晥銆傚鍚愯銆佸翱琛€銆佺棓鐤嚭琛€銆侀鐑洰璧ゃ€侀珮琛€鍘嬬梾銆侀珮鑴傝鐥囥€侀娣嬪反缁撴牳銆佽绠$‖鍖栥€佸ぇ渚垮甫琛€銆佺硸灏跨梾銆佽缃戣啘鐐庛€侀摱灞戠梾绛夋湁鏄捐憲鐤楁晥;杩樺彲浠ラ┍铏€佹不鍜界値銆傛鑺辫兘澧炲己姣涚粏琛€绠$殑鎶垫姉鍔涳紝鍑忓皯琛€绠¢€氶€忔€э紝鍙娇鑴嗘€ц绠℃仮澶嶅脊鎬х殑鍔熻兘锛屼粠鑰岄檷琛€鑴傚拰闃叉琛€绠$‖鍖栥€備笉杩囬渶瑕佹彁閱掑ぇ瀹剁殑鏄紝妲愯姳鎬у噳锛屾墍浠ュ钩甯歌劸鑳冭櫄瀵掔殑浜鸿繕鏄笉瑕侀鐢ㄧ殑濂姐€傝嵂鐢ㄤ环鍊?銆佹不鐤楅摱灞戠梾鍙栨鑺辩倰榛勭爺鎴愮粏绮夛紝姣忔1閽憋紝姣忔棩2娆★紝楗悗鐢ㄦ俯寮€姘撮€佹湇銆備害鍙皢妲愯姳鍒舵垚铚滀父鍐呮湇锛屽墏閲忓悓涓娿€備复搴婅瀵?3渚嬶紝鐥婃剤6渚嬶紝鏄捐憲杩涙22渚嬶紝杩涙19渚嬶紝鏃犳晥6渚嬨€傛鑽鏈夎儍鑲犻亾鐤剧梾鐨勪汉鏈変竴瀹氬壇浣滅敤锛屾湇鑽椂鍔犵敤缁寸敓绱燘1銆丅6鍙互缂撹В銆備篃鏈夐儴鍒嗙梾浜哄紑濮嬫湁鑵规郴锛屽嚑澶╁悗鑷娑堝け锛屽洜姝ゆ湇鑽疁浠庡皬鍓傞噺寮€濮嬶紝2-3澶╁悗鍔犺嚦鍏ㄩ噺銆?Isn’t it right? Do you think it’s okay?What’s the difference? Do you have a soup? Do you have a soup? Do you have a sore chain?鍖?string together?0g)銆傛湇鑽湡闂寸姝㈡湇绯栥€備复搴婃不鐤?0澶氫緥锛屽潎鑾锋不鎰堛€?銆佹不鐤楁殤鐥呯敤骞叉鑺辩背1-2涓わ紝鍔犳按1500ml鐓庢眮锛岀敤妫夎姳铇告礂灞€閮ㄣ€傝嵂姹佸彲鍙嶅What is it?鏃ユ礂2-3娆°€傚悓鏃跺皢鑽福鎹g儌濡傛偿鏁蜂簬鎮i儴銆備竴鑸敤鑽?-2鏃ュ悗灞€閮ㄥ嵆鍙秷鑲胯€屾剤銆?銆佹敞鎰忚繃鏁忓弽搴旀浘缁忔湁涓€鐥呬緥锛屼竴灏忓効鍥犱负鍚鑺卞紩璧蜂簡杩囨晱鍙嶅簲锛屽嚭鐜板彂鐑э紝棰滈潰銆侀鍙婂洓鑲㈢毊鑲ゆ疆绾紝琛ㄩ潰鏈夊ぇ灏忎笉绛夌殑瀵嗛泦涓樼柟锛屽姞鍘嬩笉閫€锛岀槞鐥掋€佸埡鐥涳紝闈㈤鍙婇鍓嶅尯鏈夌洿寰勭害0.5cm 闦 嗗 駅 鑜 咜 頄 鋭 槠 鑹 菉 叉 “拰 鐗 囩 姸 姸 Father extinguishes: 屽 岗 養 璯 璯 璁 璁 珚 笚 娑?鏂戣创璇曢獙闃虫€с€傛墍浠ュぇ瀹跺湪椋熺敤鐨勬椂鍊欎篃瑕佹敞鎰忥紝鐪嬬湅鏄惁瀵规鑺辫繃鏁忋€?

Mercury Home Textiles (603365): Q2 revenue growth rebounded to a high double-digit steady growth below the line, online rebound significantly

Mercury Home Textiles (603365): Q2 revenue growth rebounded to a high double-digit steady growth below the line, online rebound significantly

Both Q2 revenue and net profit growth improved from Q1 in the first half of 2019, and the company achieved operating income of 12.

75 ppm, an increase of 9 in ten years.

93%; net profit attributable to mother 1.

3.5 billion, with an annual increase of 12.

47%; deduct non-net profit 1.

07 ppm, a slight decrease of 2 per year.

23%; EPS0.

50 yuan, 2 yuan (including tax) to be distributed in 10 yuan.

In the context of income 失败:重查growth, the decrease in non-net profit was mainly due to the increase in expense ratio; non-recurring gains and losses were mainly government subsidies and increased investment income, which led to a positive increase in net profit of the mother.

From the single quarter data, 18Q1?
19Q2 revenue growth was 24 each year.

79%, 8.

89%, 8.

72%, 4.

67%, 0.

76%, 19.

64%, the annual growth rate of net profit attributable to mothers is 24.

58%, 15.

55%, 5.

56%, 3.

84%, 4.

22%, 25.

17%.

At the end of the fast quarter of single-year revenue growth in 18Q1, due to the high base and e-commerce business, adjustments were still in effect. Revenue growth was at the bottom. The rebound in Q2 revenue growth was mainly due to the adjustment of e-commerce business to resume growth and high baseEffect decay contribution.

Steady offline growth, Q2 speeding up compared to the previous quarter, and online Q2 picking up, with a clear revenue split: In terms of channels, the online revenue share in the first half of 2019 was 36.

52% (slightly lower than 18H1.

35PCT), the income volume is 4.

6.6 billion, with an annual increase of 8.

89%, extrapolated to offline channel revenue 8.
.

10 ‰, gaining 10 in ten years.

53%.

According to quarters: 1) Online Q1’s revenue is every 10% or so, and the company’s e-commerce is still being adjusted everywhere, and there is a high base impact in the conversion of 18Q1 (the company’s e-commerce has been affected since 18Q2).

In Q2, the e-commerce business was adjusted and the growth rate rebounded to about 30%.

2) Offline Q1 revenue growth was high single digits, and Q2 growth rate was increased to double digits.

By the end of June, there were less than 2,700 stores, with a small net increase. Offline revenue growth mainly contributed to same-store growth.

The increase in the expense ratio exceeded the gross profit margin, the inventory turnover slightly accelerated, and the net operating cash decreased to narrow the gross profit margin: the gross profit margin increased by 19H1 and increased by 1.

72PCT to 37.
59%, of which the increase in offline gross profit margin increased by about 3PCT to about 35%, and the decline in online gross profit margin decreased by 1PCT as much as about 41%.

The increase in offline gross profit margin was mainly to supplement the company’s proactive price increase, reorganize the product structure and optimize the contribution of high gross profit products (such as mid-to-high-end products, extreme large single products, etc.).
The decline in online gross profit margin is mainly to reorganize the company’s online sales strategy. Through the Belleness brand to create cost-effectiveness and appropriately reduce the gross profit rate, the rapid growth of the Bellece brand has reduced the online gross profit rate.

Looking at the quarter, 19Q1?

Q2 gross profit margins were 37.

36%, 37.

79%, which is increased by 0 each year.

93PCT, 2.

51PCT.

The company’s online business gross margin was higher than offline. The online business grew rapidly in the second quarter, and the increase in its proportion increased the overall gross profit margin.

Expense ratio: The company’s expense ratio increased during the 19H1 period by 2.

85PCT to 27.

03%.

The sales, management + R & D, and financial expense ratios are 20 respectively.

21% (+2.

88PCT), 7.

16% (-0.

07PCT), -0.

35% (+0.

03PCT), among which the increase in selling expenses was mainly due to the increase in advertising expenses and wage expenses.

19Q1?Expense rates increased by 4 during Q2.

32PCT, 0.

67%.

Other financial indicators: 1) The total inventory at the end of June 19 was 8.
.

58 ppm, an earlier increase of 11.

33%.

The accrual ratio of the inventory depreciation reserve is from 18H1 to 2.
.

22% rose slightly to 2.

56%.

Inventory turnover fee 0.

97, 0 for earlier 18H1.

96 slightly accelerated.

2) Accounts receivable decreased from the earlier stage4.

51% to 1.

4.1 billion; accounts receivable turnover investment 8.

02, 9 of the earlier 18H1.

28 advantages.
3) Asset impairment losses increase by 75 each year.

89% to 7.37 million yuan, mainly due to increased inventory losses.

4) Investment income increased significantly by 1311.

27% to 10.2 million yuan, mainly due to increased investment income from disposal of transactional financial assets.

5) Net cash flow from operating activities is -1.

1.5 billion, compared with -1 in 18H1.
Net worth of 98 million narrowed.

Among them, the sales of goods gained a ten-year cash appreciation15.

62% to 15.

04 billion US dollars, the scale and growth rate is slightly higher than the income; purchase of goods, accept labor to pay cash for ten years of value-added.

92% to 11.

30,000 yuan, a net increase of 1.

09 million yuan and the scale of inventory increased by 0 earlier and earlier.

8.7 billion is basically the same.

Online business adjustments are in place and we expect continued steady growth in performance. We believe that: 1) The company ‘s online business has been affected by changes in the e-commerce platform since 18Q2 (low-cost social e-commerce platforms have risen rapidly, and online sales of mid-to-high-end home textile products have been affected).The income showed that the company actively adjusted and transformed the e-commerce business, including organizational structure adjustment, front-end group system, marketization in China and Taiwan, entering the new platform, optimizing the brand / product mix, and after a year of adjustment measures were gradually put in place and significantly effective, 18Q4E-commerce sales rebounded initially, short-term adjustment in 19Q1, and recovery of about 30% in 19Q2.

The company’s strategic positioning and operation strategy are clearer. Mercury’s main brand positioning is mid-to-high-end and Belle’s brand positioning cost. Among them, the Mercury brand has won the 618 Tmall platform home textile industry sales for 5 consecutive years.

2) Offline sales maintained steady growth, providing solid support for performance.

3) The company continues to cultivate low-tier cities and online markets with higher growth rates, and its sales share is higher than that of its peers, with a significant growth.

In addition, the company continued to launch the ultimate large single product series, including latex mattresses, cowhide mats, cymbal series kits, etc., which can achieve better sales performance and strengthen the brand image.

4) The company’s sales expenses in the first half of the year broke through, including the increase in advertising costs.

The company hired Sun Yan as the new spokesperson, and at the same time strengthened its brand promotion investment.

Looking at the performance in the second half of the year, offline is expected to continue to grow steadily, and autumn and winter of 19 are expected to increase by about 15% to bring support; online adjustment has been in place and has rebounded significantly, Q3 is expected to maintain a good growth momentum, and focus on Q4 e-commerce peak season growth performance.

The company’s announcement on 8/27/2019 is planned to be scaled to 0 within 12 months after the shareholders’ general election is passed.

6?
100 million yuan to repurchase shares at a price not exceeding 26 yuan / share. The repurchased shares will be used for equity incentives or employee stock ownership plans.

We maintain company 19?
The 21-year EPS is 1.

22, 1.

39, 1.

57 yuan, corresponding to 15 times the 1北京夜生活网 9-year PE, maintain “Buy” rating.

Risk warnings: weak terminal consumption; increased online channel traffic growth, or business adjustment results are less than expected; improper cost control; increased pressure on franchise channel inventory.

GAC Group (601238): Guangfeng, Guangben’s self-sustained short-term pressures against adverse growth

GAC Group (601238): Guangfeng, Guangben’s self-sustained short-term pressures against adverse growth

Core view performance was slightly lower than expected.

The company achieved operating income of 142 in the first quarter of 2019.

56 ‰, 25 years ago.

7%, net profit attributable to mother 27.

78 ‰, 28 years ago.

4%, net of non-attributed net profit22.

100,000 yuan, an average of 41 for ten years.

9%, EPS is 0.

27 yuan.

The lower growth rate of net profit was mainly due to the decline in gross profit margin.

The gross profit margin dropped on average and stabilized quarter-on-quarter.

Gross profit margin for the first quarter was 12.

4%, a decrease of 12 per year.

2 units, an increase of 0 from the fourth quarter of 2018.

6 units.

Period expenses13.

0%, a small increase of 0 a year.

2 units with a sales expense ratio of 5.

3%, a decrease of 2 per year.

Four single, mainly due to the corresponding reduction in production and sales of logistics storage costs and advertising costs; management expense ratio (including research and development costs) 7.

3%, an increase of 2 per year.

5 units, of which R & D expenses increase by 48 per year.

2%.

Net cash flow from operating activities was -60.

310,000 yuan, -12 in the same period last year.

4 billion, the net molecular weight increased by 386.

3%.

80 at the end of the first quarter.

170,000 yuan, an annual increase of 132 at the end of the first quarter of last year.

3%.

Benefiting from Guangfeng Guangben’s profitable growth, investment income is increasing every year.

The company achieved investment income of 25 in the first quarter.

68 ppm, a five-year increase of 5.

0%, of which investment income from associates and joint ventures is 25.

$ 4.5 billion, an annual increase of 4.

7%, GAC Toyota and GAC Honda are expected to achieve positive growth.

In the first quarter, Guangfeng sold 16.

180,000 vehicles, an increase of 45 in ten years.6%; Guangben sales 18.

770,000 vehicles, an increase of 11 in ten years.

4%, which are far higher than the industry average.

During the Shanghai Auto Show, Guangfeng replaced Ralink to start pre-sale, C-HR EV made its debut, and new models such as Guangben Odyssey Rui hybrid were released.

It is expected that Guangfeng and Guangben’s sales in 2019 are expected to be better than the industry average.

Sales of GAC’s own brands are expected to achieve steady growth.

During the Shanghai Auto Show, new models such as GAC Trumpchi GA6 and GAC New Energy Aion S were launched for the first time. In 2019, GAC publicly launched a variety of independent brand products such as Trumpchi GM6, GS8 remodeling, GS4 replacement, pure electric exclusive B-class SUV.

Sales of GAC’s own brands are expected to achieve steady growth.

The financial forecast and investment recommendations slightly adjust the gross profit margin and expenses, and the EPS is expected to be 1 in 2019-2021.

12.1.

27, 1.

44 yuan (originally 1.

18, 1.

30, 1.

44 yuan), with reference to comparable companies’ estimates, given the company 13 times PE in 2019 with a target price of 14.

56 yuan, maintain BUY rating.

Risk Warning: Sales of GAC passenger 上海夜网论坛 cars, Guangfeng, Guangben, and Guangfeike are lower than expected risks, and the demand of the passenger car industry exceeds expected risks.