Vanke A (000002): Preliminary sales expected in the first quarter are expected to remain stable

Vanke A (000002): Preliminary sales expected in the first quarter are expected to remain stable

Diluted earnings in the first quarter of 19 (0).

10 yuan, an annual increase of 25%, in line with expectations of Vanke A’s first quarter of 19 results: operating income of 48.4 billion US dollars, an increase of 57%; net profit attributable to mothers 11 trillion, an increase of 25%, corresponding to zero profit.

10 yuan, in line with expectations.

Concentrated carry-over of real estate projects drove revenue growth.

The initial settlement area of the company increased by 88% to 3.11 million square meters per year, the settlement amount increased by 64%, and the operating income increased by 57%.

The three expense ratios decreased by 2 units to 12% compared with the same period last year, but the effective tax rate increased by 5 percentage points, the minority shareholders’ profit and loss increased by 136%, and the net profit attributable to the mother increased by 25%.

Net interest rate is still low, and cash on hand is abundant.

At the end of the period, the company’s net debt ratio increased by 14 percentage points from the beginning of the year to 45%, and cash on hand was 143.2 billion yuan, which could cover twice the interest resistance due within one year.

Recently the company took 3.

The 6% coupon rate publicly issued 2 billion yuan (5 years) of housing lease special corporate bonds, and the issue cost was low in the industry.

Development trend Short-term budget materials flatten every night.

The actual new construction area of the company fell by 10% to 10.19 million square meters (instead of the company’s planned new construction area of 36.09 million square meters, which was a 28% decrease from the actual new construction area 苏州桑拿网 last year), and the sales / sale area decreased by 3% / 12% to1494 ppm / 9.25 million square meters.

Initially, we expect the company to achieve an order of about 6000 trillion, and maintain stability for one year.

At the end of the period, the total construction area of the company’s planned projects under construction was 1.

5 billion square meters, delivery value is about 2 at the current average selling price.

5 trillion.

The carry-over income is highly lock-in, and the initial completion plan has a growth rate of over 10%.

At the end of the period, the outstanding amount of the company’s sales increased by 19% to 5864 trillion per year, which is equivalent to 1.

4 times.

The company’s estimated completion area in 2019 is 30.77 million square meters, an increase of 12% over the actual completion area in 2西安耍耍网018.

Earnings forecast We lower the company’s 2019 earnings forecast by 9% to 3.

83 yuan (mainly due to the low-margin sales of intensive expansion of the policy end in 2017 entering the centralized settlement period, which may lead to a progressively lower gross margin than expected in 2019), dating to 2020 profit forecast4.

56 yuan.

Estimates and recommendations companies currently have a sustainable response7.


4x 2019 / 2020e PE ratio.

Maintain recommended level and target price of 33.

1 yuan, corresponding to 8.


3x 2019 / 2020e target price-earnings ratio and 13% upside.

The progress of risk delivery was lower than expected, and the continuous accrual of impairment caused the performance to be lower than expected.

China Shenhua (601088): Leading Supply Supply Steady Operation

China Shenhua (601088): Leading Supply Supply Steady Operation

Introduction to this report: Shenhua’s latest data is mainly reflected in two points:.

Investment Highlights: Reduce earnings forecast and maintain target price of 24.

78 yuan to maintain the “overweight” level.

Considering 2019.

The one-time reduction of the price of the Long-term Association and the impact of the epidemic on the thermal power business in December will reduce the company’s 2019?
EPS to 2 in 2021.

27, 2.

16, 2.

22 yuan (previous forecast 2).

27, 2.


47), maintaining 24.

Target price of 78 yuan, maintain “overweight” rating.

Supply is maintained in critical periods, coal production is stable, and there is room for further recovery.

The company released operating data for January 2020, of which commercial coal production was 24.

1 million tons, an increase of 3 per year.

0 million tons (14.

2%); before 2019.

December 24.

2 million tons fell by 0.

1 million tons.

According to the announcement, the company “guarantees energy supply in the country, especially in Hubei, and its main operating indicators exceed the monthly plan.”

The company has advanced production capacity and most of it is sold by railway, which is not affected by transportation. The leading 武汉夜生活网 advantages are prominent.

According to the previous announcement, due to land acquisition, licenses and other factors affecting the victory of production in 2019, Hal Usu, Wanli and other coal mines gradually resume normal production, and we expect room for further increase in production.

Coal prices have risen in the short term, but have fallen each year.

According to data from the Coal Market Network, the company is 2020.

In January and February, the annual long-term association price was 542 and 543 yuan / ton (the same period last year were 553 and 551). The price decrease of the long-term association was mainly determined by 2019.

The BSPI index was revised downward in December.

It is expected that the current scale of supply and demand is expected to continue after the upstream and downstream work resumes, and the price of the long-term association will remain stable.

Electricity generation is accumulating from a month-on-month basis, and capacity growth is expected in the medium term.

Public 2020.

The power generation in January was 12.

14 billion kWh, compared to 2019.

December 14.

20 billion kilowatt hours 14.

5%, the early Chinese New Year, the combined impact of the epidemic, and is expected to continue in February or weak.

The company’s Java 2 under construction, Shengli, Jinjie, Yongzhou, and Tianming Power Plants have been successfully constructed. It is expected that they will be put into production in this year and next year, contributing to incremental performance.

risk warning.
The release of production capacity did not meet expectations; the scale of capital expenditures expanded; the dividends of subsidiaries did not meet expectations.

Guangzhou Bandung: Huge funds worry about speculative stocks to watch out for risks

Guangzhou Bandung: Huge funds worry about speculative stocks to watch out for risks

For stocks, please read Jin Qilin analyst research report, authoritative, professional, timely, and comprehensive, to help you tap potential potential opportunities!

  Guangzhou Bandung: There is still a huge worry on the funding side. Such stocks still have to beware of risks!

  Source: Bandung rebound in Guangzhou is the main rhythm of A-shares in early trading today. At the opening, brokerage stocks once led the growth, the GEM rose slightly, and overall market sentiment was insufficient. By the last minute of the morning, the rebound was sharply strengthened and the GEM rose.More than 2%, the market has some signs of a sharp turn, so this time can A shares complete the counterattack, and yesterday’s decline means that the market has been adjusted in place?

  In fact, judging from the current market situation, although there has been a large-scale rebound, there are still some hidden concerns about the situation of the capital, mainly after the collective crash of the high-end stocks yesterday.Improving the decline, most of the sectors and stocks that have risen in the intraday market are mostly trend-oriented growth or low-increasing sectors, and this switch in market winds can only lead to a portion of profitable institutional funds and individual investorsThere is a need to take profit.

  At the same time, from the beginning of last week, northbound funds have shifted from a clear net vertical to a net alternation, including during the rebound in today’s morning, still showing a state of net replacement. Two major factors have led to the overall situation of the current capital level.Shanghai is shifting from the previous structural increase to the structural decrease, to the layout of the structural incremental attenuation and 南京桑拿网 the continuation of the structural decrease.

  Therefore, before the state of capital has not changed much, it is difficult to conclude that the market has bottomed out!

However, the good phenomenon is not absent, the focus is on the overall optimistic energy level, which also proves that the current market sentiment rather than dissipated, coupled with the loose liquidity policy background has not changed, yesterday again in disguised “interest rate cut” again,Thus, it is determined that the current large probability of the decline in A shares is only an adjustment on the way to normal rise.

  Therefore, investors can be cautious in operation, but do not need to be pessimistic!

The positions are not heavy and most of them have annual reports with better performance, business prosperity, and mid-line trend technology 重庆耍耍网 stocks promoted by national policies, such as the 5G base station industry chain (baseband chips, RF chips, ceramic filters, antenna oscillators),Software services (cloud computing, Kunpeng, artificial intelligence) and other sectors, then you can consider continuing to adhere to it. If conditions permit, you can even wait for the decline to stabilize and then increase the position against the trend. After the adjustment of the game, the second wave of trending growth opportunities for technology stocks.

  However, if the position is heavy, and most of the stocks are vertical hot-fry stocks, then you need to pay attention to the risks, consider using lightening or adjusting positions, and then according to the inertia of the operation of the institution, once the overall market tends to be weak, the market makes moneyWhen the effect recedes, the institution will prioritize the selling of profitable and profitable, stocks with insufficient logic, and then select stocks with performance and logical attributes to replace the low-absorbing allocation, thereby ensuring the stability of the fund’s net value.

Therefore, it is not excluded that some high levels are expected to decline significantly.

  If the position is relatively light, or the investor withdraws early from the prophet, he can seize the opportunity of the current market downturn and look for the opportunity window of the next potential sector, and so on. The virus concept directly catalyzed by the spread of the epidemic and the recent media reportsThe space-based Internet concepts where the imagination space has expanded too much during the Sino-US technology game are all worthy of being tracked. Once the subsequent market adjustments are in place, these concepts will increase in volume when large funds are involved, and investors should dare to increase their positions.Game.

Will ovarian cysts be yourself?


Physiological cysts can disappear by themselves

Will ovarian cysts be yourself?
Physiological cysts can disappear by themselves

Will ovarian cysts be yourself?

The ovary is a very important organ of women. Once the problem affects the health of women, the problem of self-disappearance of ovarian cysts needs to be physiological and pathological.

Physiological cysts are generally below 5 cm and will disappear on their own.

Will ovarian cysts disappear on their own?

Experts point out that the ovarian cysts will not look good if your cyst is physiological or pathological.

If it is a pathological cyst, it may not be good, but the physiological cyst is about 5 cm below 3 cm. At this time, it should be observed for three months. If the interval follicular cyst is reduced or not enlarged for about two months, thenThen the cyst will disappear on its own after excessive contraction.

So you can go to the hospital to check and make sure.

What is a physiological ovarian cyst?

Physiological ovarian cysts are usually referred to as non-neoplastic.

Physiological ovarian cysts are the most common ovarian cysts, usually occurring in women of childbearing age during ovulation.

Non-neoplastic ovarian cysts, also known as non-excessive ovarian cysts, are mainly ovarian functional cysts, including follicular cysts, corpus luteum cysts, flavin cysts, inflammatory cysts, polycystic ovary, and endometriotic cysts (ie, ovaries).Chocolate cysts, etc.

Ovarian cyst examination item 1, radiological examination of the skin-like cyst, can show teeth and bone; intravenous renal pelvis salpingography, can understand whether the fallopian tube is displaced, pressure and infarction, identify the kidney and retroperitoneal tumor; tincture enemaCan help understand the intermediates.

CT scans can complement the deformation that B-ultrasound can’t prompt.

2, ultrasonography is currently an important method for diagnosing ovarian tumors, can detect the location, shape and size of the mass; cystic or solid; from the pelvic or abdominal cavity; uterus or attachment; identify ovarian tumors, ascites, tuberculous peritonitis.

Any tumor with a diameter greater than 2 cm can be detected, and the clinical diagnosis coincidence rate is greater than 90%.

3, cytology examination for post-Qianlong puncture, complication of ascites for cytological examination, in the laparoscopic or laparotomy, can be aspiration in the uterine rectal recess, a higher accuracy in the diagnosis of malignant tumors.
4, laparoscopy can directly see the general situation of the tumor, you can observe the entire pelvic cavity, multi-point biopsy in the suspicious part and absorb ascites for cytological examination to determine the diagnosis.

However, it is contraindicated for patients with large tumors or adhesive masses.

What are the characteristics of ovarian cysts? What are the special features of ovarian cysts? How to regulate ovarian cysts? How should ovarian cysts improve ovarian cysts?

People are old and do drooping


People are old and do drooping

When people are old, there is a degenerative change in the intervertebral disc.

The spine becomes shorter, curved, and the height is lowered.

It is manifested in the form, that is, the height and the finger spacing change (the distance is the maximum distance between the left and right finger tips after the two arm sides are flat).

Generally speaking.

Aging has little effect on long bones.

Although aging is prone to osteoporosis of the lower extremities.

But the occurrence of bending is rare, and the upper limbs are also the same.

Therefore, from adulthood to old age, the change in the spacing of human fingers is small.

Usually most adults are slightly taller than the finger spacing, or between the two.

Due to the degenerative changes of the intervertebral disc, the height reduction of the elderly is far greater than the change of the finger spacing, and the ratio of height to finger distance changes significantly.

According to the literature, the elderly over the age of 60 means that the distance exceeds the height. The average distance between the elderly over 90 years old can be greater than the average height of 8 cm, and the body shape changes are very obvious.

銆€銆€In order to prevent the aging of the body, holding the bar overhang is two excellent methods, and the sooner you practice, the better.

銆€銆€In sports, the load of the bone has five forms: compressive load, bending load, tensile load, torsional load and shear load.

The ratio of the spine is closely related to the tensile load.

In daily life, people are inevitably lifting, carrying squats and other physical strengths, or carrying weights and squats and other physical exercises.

This is a compression load.

At the time of load, the nucleus pulposus of the intervertebral disc, which is forced by gravity, bulges toward the surrounding area.

The nucleus pulposus is repaired after gravity is removed.

The intervertebral disc acts like a spring pad and acts as a buffer.

The intervertebral disc also allows the spine to perform flexion and extension and lateral flexion.

If the spine bone is under fatigue, especially in the case of high-intensity physical labor or exercise training, it is often subjected to gravity and, for a long time, strain, deformation, and injury.

That is to say, under the action of gravity, the structure of the spine bone changes.

For example, the spine suddenly bends into position during weight bearing, which can damage the annulus of the intervertebral disc and cause the nucleus pulposus to escape to the opposite side, resulting in disc herniation.

Some of these changes will shorten the spine.

銆€銆€The tensile load of the drooping movement, the overlap of the bone is affected by the pulling force in the opposite direction, and the compression load of the spine is relatively resistant, and the spine is restored and stretched, so that the pressed push pad can be restored and the ligament can be stretched.Thereby preventing spine contraction and preventing degenerative changes of the intervertebral disc.

銆€銆€The method of holding the bar hanging is simple, the replacement is easy, no need for special guidance, as long as the bar is held, the foot can be off the ground.

Strong strength can increase point defects, such as swinging motion, to increase the extent of spinal reduction.

Self-help regimen Carefully step into the 10 major mistakes (2)

“Self-help” regimen Carefully step into the 10 major mistakes (2)

Guide: Chinese medicine experts pointed out that the modern people’s top ten health misunderstandings: eager to find the elixir but the lazy move, the three highs also chaos to replenish the cream.

Core Tip: Desperate to find a panacea but refuse to exercise, take supplements as tonic, 10,000 people, abuse ginseng, blindly pursue cordyceps, one-sided vegetarianism, when you are young, make money when you are old, take money to buy life. When you grow into a social hot spotVarious misunderstandings have also appeared frequently.
銆€銆€[Mistakes 5]Prevention of obesity, middle-aged women are vegetarian every day Some people, especially some middle-aged women, are afraid of eating fat, because they are afraid of getting fat, but also to prevent cardiovascular and cerebrovascular diseases, so they are vegetarian every day.
銆€銆€Experts warn that long-term intake of high-fat diet is easy to get cardiovascular and cerebrovascular diseases, but not eating fat meat at all, it is not conducive to health.
The inclusion of a substance that prolongs life in animal fat not only does not promote atherosclerosis, but also prevents cardiovascular and cerebrovascular diseases.
Cholesterol is a “double-edged sword”, an indispensable substance in human life activities.
If the body lacks cholesterol, it will cause a decline in immune function, and will also promote cell aging, leading to premature aging.
Therefore, for manual workers, you should eat a little fat.
For people with low blood lipids, eat a little cholesterol-containing food in their daily diet, which is good for longevity.
銆€銆€[Miscellaneous 6]Wild ginseng, suffering from “ginseng abuse syndrome” Many people think that eating ginseng and other supplements every day is health.
The expert once met a retired cadre. His daughter was very filial to him, bought him a lot of Korean ginseng, and told him to eat one to three grams a day.
He thinks that he is very imaginary, he has to make up for it, and he eats 9 grams a day.
After eating for a month, not only was the mouth full of ulcers, but also symptoms such as getting angry, irritability, constipation, and insomnia. As a result, I lived in the hospital and spent more than 10,000 yuan.
銆€銆€Others are obsessed with the so-called “wild ginseng”, but most of them are called “wild ginseng”.
It is as if some so-called Yangcheng Lake hairy crabs are the same as 鈥渂athing crabs鈥?
Shishan ginseng is to move the cultivation of the ginseng to the mountain, and it has been stained for a while.
The true wild ginseng taste is flat and can be eaten by anyone.
銆€銆€There are many kinds of ginseng, and it is necessary to take it.
Raw sun ginseng is flat.
The market can see a lot of square red ginseng, red is caused by repeated processing, the surface of the process is steamed, back and forth, the price is much more expensive than raw sun, because of the processing feeGo up.
After processing, the taste of ginseng is warmed up, so red ginseng is suitable for people with qi and yang deficiency.
White ginseng is a fresh ginseng that is dried with water and then dried with sugar. The ginseng’s taste is cold, and it is suitable for hot body, but the strength is not very strong.
Korean ginseng is from North Korea and is warm.
There are also sun-dried ginseng imported from the United States for people with yin deficiency.
Professor Wen said with a smile that the ginseng and ginseng must be affordable and convenient, and the medicinal properties are the same as the large ginseng.
Although ginseng is a nourishing good product, its effect is different and needs to be symptomatic.
Chinese medicine believes that if the virtual is to make up, the virtual is also divided into qi deficiency, blood deficiency, and five visceral deficiency syndromes. If it is not empty, it does not need to be supplemented. If it is not empty, there is no need to eat ginseng.
Long-term or excessive intake of ginseng can cause ginseng abuse syndrome such as excitement, irritability, insomnia, headache, bloating, and high blood pressure.
Therefore, do not take ginseng at will, it is best to take it reasonably and properly under the guidance of a doctor.
銆€銆€[Miscellaneous 7]Blindly seeking for expensive, exaggerating the role of Cordyceps sinensis Some valuable herbs in Chinese medicine are more expensive than gold, and Cordyceps sinensis is one of them.
銆€銆€But does Cordyceps really have such a strong effect?
How much can you eat to achieve the promotion of “improving immunity, fighting cancer” and so on?
The working class tightens the belt and eats 2 Cordyceps every day for the cancer-family family. Can it achieve the desired results?
Ancient books and studies have shown that the dose required for the treatment of diseases by Cordyceps is that 9 grams per day can be achieved.
Ordinary Cordyceps generally have about 1 gram for about 6 and about 1 gram for four.
Then at least 36 Cordyceps should be eaten every day to achieve therapeutic effects.
銆€銆€In addition, Cordyceps sinensis has a high protein content, and is cooked with animal foods to be easily dissolved and absorbed by the body.
Therefore, the ancients have a famous dish called “Chongcao stewed duck”, and the rational combination of Chinese medicine can improve its efficacy.銆€銆€[Miscellaneous Eight]”Low-legged woman”, the depressive yang deficiency treatment on-site interactive communication, a young white-collar worker who just stepped into a job position said: “I am a person who is particularly afraid of cold, often cold hands and feet, I listen to othersI am afraid of cold because of yang deficiency. Am I afraid of cold because of yang deficiency?

What do you need to make up for?

Experts said that the topic raised by this young woman is a very common misunderstanding of urban women at present – “cold-legged woman” is yang deficiency, and it is necessary to make up for it.

銆€銆€In fact, false testimony may exist in women over the age of 50. Women under the age of 30 are not warm, and more than 90% are not because of imaginary, but because of stagnation.

That is to say, due to work pressure, irregular life and other reasons, women’s air-conditioning is blocked, and the veins are impassable. Their performance is often cold feelings below the elbows and knees of the limbs, especially the hands and feet are not warm, but the chest and abdomen are not cold.

If it is a real yang deficiency, it should be cold hands and feet, and the whole body is cold.

銆€銆€The “cold-legged woman” is due to the yang qi in the body, which cannot be handed over to the fourth end; in addition, the cold in winter makes the stagnation of the veins unreasonable.

These women will mainly be accompanied by symptoms such as dysmenorrhea.

Therefore, the conditioning of this type of constitution can not be based on replenishment, but it is necessary to use the method of dispelling evil spirits and dispelling the liver and spleen; if the dysmenorrhea can cooperate with warming the cold, promoting blood circulation and removing blood stasis drugs to regulate.
Such as Bupleurum, white peony, medlar, fragrant, Chuanxiong, angelica, Ai Ye, licorice and so on.

銆€銆€[Misconside 9]Smoking effects, but only the breakdown of lung organs in 14 global surveys show that, regardless of how or expansion, hypertension ranks first in the global risk of death.

In the year, the second place is “smoking,” which is different from several other countries.

Therefore, the strategy of the Chinese Medical Association to quit smoking has changed. Through the Cardiovascular Branch of the Chinese Medical Association, smoking cessation has been promoted from cardiologists.

銆€銆€Experts say that everyone knows that smoking causes lung disease, but they don’t know that the first thing that affects smoking is the heart.

Recently, Songjiang No. 1 Hospital treated a patient with an acute myocardial infarction of only 20 years old.

After examination, the young man had few plaques in the coronary arteries, but because he had smoked a few packs of cigarettes a few days ago, a substance in the cigarettes could directly harden the coronary arteries.

銆€銆€The expert once rescued a patient with a myocardial infarction. When he was drinking coffee in Xintiandi, a burst of smoke flew over and the chest was boring on the spot.

Of course, this is a relatively small probability event, but once this small probability event occurs, the impact is 100%.

“We are not afraid of 10,000, but we don’t want to be one in ten thousand, so please stop smoking and limit alcohol.

Cui Song’s thesis.

銆€銆€[Misconside 10]Struggling to win, A-type character is the most hurt “heart” is eager to succeed is the dream of many white-collar workers.

From time to time, I will hear news that the CEO is suddenly dead.

In the TV entertainment program “If You Are the One”, there are also many male guests who are determined to earn 100 million yuan before the age of 35. The company will be listed within five years.

Ordinary white-collar workers, some are forced by the CEO, some want to become the CEO to replace it, so ambitious, eager to win, and place great expectations on themselves; demanding themselves, at any cost to achieve the goal;Success or not, as a standard for evaluating the value of life; full of work schedules, trying to do a lot of work in a very small amount of time; busy all day, tight, not knowing to relax,Extremely reluctant to spend time on daily locks. Experts analyze that this type of white-collar workers usually have the type A personality that modern psychology believes.

As everyone knows, this type of competition is strong, demanding yourself, busy all day, I do not know that relaxed type A behavior may lead to cardiovascular disease.

He said that “heart disease also needs medicine,” people who are good at fostering must first raise their hearts. Heart patients should strengthen their psychological adjustment. Optimism may help slow down the process of arteriosclerosis.

“The mentality must be good. Don’t think that success is equal to happiness. This is impossible to draw the equal sign.