The market is here, and 7 have attracted more than 100 million yuan!Brokers and technology theme ETFs attract gold

The market is here, and 7 have attracted more than 100 million yuan!Brokers and technology theme ETFs attract gold
The market is here. Brokers and technology-themed ETFs buy gold. Source: wind Hong Kong Wonder News Agency reported that on January 13, the Shanghai Composite Index closed up 0.75% reported 3115.57 points, a new high since 8 months.From the perspective of large capital flows, brokerage firms and technology-themed ETFs have been sought after.  Wind data shows that on January 13, 7 stock ETFs attracted more than 100 million yuan.Among them, Cathay Securities ETF share increased by 6.4.9 billion copies, the unit’s net worth on the day 1.05 yuan to get 6 with this prediction.The net inflow of US $ 8.2 billion was a new high since its establishment, and its scale rose to 159.400 million US dollars, once again set a historical record; Huabao China Securities All-Share Securities ETF also won 2.Net inflow of 6.7 billion funds.  In addition, Huabao CSI Leading Technology ETF, E Fund GEM ETF, Cathay Pacific CES Semiconductor ETF, Huaan GEM 50 ETF, and Huaxia GEM Low-Wave Blue Chip ETF respectively received 2.2.2 billion yuan, 1.9.4 billion yuan, 1.6.9 billion yuan, 1.2.3 billion and 1.A net inflow of 5.0 billion funds.  The agency believes that the securities and technology sectors are expected to become 无锡夜网 the main line of this year’s market.China Merchants Securities Zhang Xia believes that in 2020, residents’ funds are expected to accelerate into the city to boost the market, and the industry’s thinking focuses on technology and securities firms.  Anxin Securities said that the current estimate of the securities firm on the right still does not fully reflect the value, and the allocation of securities firm shares is equivalent to the allocation of “capital market reform dividends” and “bulk up” bullish spending.  Guoxin Securities Yanxiang said that the inflection point of the technology sector’s earnings upward cycle may have appeared, and it is expected that 2020 will have the most flexibility.

Yong Gao shares (002641) 2019 performance newsletter comments: profitability boosts high performance

Yong Gao shares (002641) 2019 performance newsletter comments: profitability boosts high performance

Investment Highlights Event: The company disclosed its 2019 performance bulletin and realized operating income in 201962.

900,000 yuan, an increase of 17 in ten years.

49%; realized net profit attributable to mother 5.

12 ppm, a 109-year increase.

24%; basic income is 0.

46 yuan.

Opinion: Market development and stable income, cost reduction and efficiency increase.

The company achieved operating income in 2019 of 62.

900,000 yuan, an increase of 17 in ten years.

49%, revenue growth in line with expectations.

Among them, the company achieved revenue of 18 in Q4.

85 ppm, an increase of 15 in ten years.

15%, maintaining the growth trend in the second and third quarters.

In 2019, the company’s attributable net profit increased by 109 in ten years.

24%, far higher than the growth rate of revenue. We believe that it is mainly affected by the increase in gross profit margin 无锡桑拿网 and the decline in expense ratio during the period.

In 2019, through continuous market development and business model innovation, the company continued to grow rapidly in regional markets such as Tianjin, Chongqing, and Guangdong.

The expansion of the revenue scale and the company’s scale advantage were realized. While increasing the gross profit, the unit fixed cost was further diluted, and the company’s comprehensive gross profit rate declined and rose.

08 averages, reaching 25.

67%.

At the same time, in 2019, the company reduced the proportion of operating expenses (excluding research and development expenses) as a percentage of operating income by integrating internal resources of the group and continuously promoting lean management.

21 units.

Combining the two, the company’s net profit attributable to the parent increased significantly to 8.

14%, an increase of 3 per year.

59 uniforms.

Improved asset structure and improved debt repayment ability.

The company announced and reported that the company’s total assets and net assets increased respectively compared to the beginning of the year.

89% vs. 16.

23%, the return on net assets increased; asset and liability restructuring at the end of the period41.

12%, compared with 46 at the beginning of the year.

36% down 5.

The 24 averages returned to 2017 levels; the current ratio and quick ratio increased by 0 from the initial stage, respectively.

21 and 0.

18. Long-term and short-term debt-paying capacity continued to increase.

We believe that the improvement of the company’s asset structure is the result of the gradual exertion of production capacity, which has a certain degree of continuity, and will continue to reduce the company’s capital costs and financial expenses, and improve the company’s profitability.

Investment suggestion: The company is a major player in the domestic PVC pipe industry. The industry’s high degree of concentration has clearly increased, and it has benefited. At the same time, the company actively cultivates channels, and expansion of investment in other places begins to generate revenue. It is expected that future revenue and profit growth will significantly improve.

We adjusted our profit forecast and estimated that the company’s net profit attributable to the parent for 2019-2021 will be 5 respectively.

100 million, 6.

300 million, 7.800 million, the closing price on February 21 corresponding to PE is 14, 11, 9 times, maintaining the “prudent increase” level.

Risk warning: Channel development is less than expected, downstream demand exceeds expectations

Zeping Ren commented on 3-month PMI data

Zeping Ren commented on the March PMI data: the market bottomed out in the middle of the economic year

The bottom of the economic year, the market is extremely Thai: predictions are all verified-comment on March PMI data Zeping Macro Wenheng University Research Institute Ren Zeping Luo Zhiheng Sun Wanying event China’s official manufacturing PMI 50 in March.

5, the United Nations is below the line of honor for 3 consecutive months, expected 49.

6, the previous value is 49.

2.

Non-manufacturing PMI54.

8, expected 54.

4, before the value of 54.

3.

  Interpretation 1. Is the market bottoming out in the middle of the economic year? Are predictions verified one by one? Are they handsome?

  In the second half of 2018, we proposed that “the economy bottomed out in mid-2019”. Following M2 in January and the growth rate of social financing bottomed out, the PMI index also bottomed out in March.

  In the second half of 2018, we proposed that “A lot of A shares are currently very cheap” and “the best investment opportunity is in China”.

  At the beginning of 2019, we proposed that “the bond market, the stock market, the housing market, and the commodities will be improved one after another.” Since March, the housing market and commodities have also picked up.

  Focusing on the analysis of macroeconomic indicators for 20 years, I deeply understand the nature of basic research and logical framework, and believe that independence and objectivity are the foundation of research.

In 2010, he participated in the research and proposed “growth and gear shifting”. In 2014, he predicted “5000 points is not a dream”, in 2015 he predicted “double the house price”, “economic L-shaped”, and in 2017 he predicted “new cycle”.

  We are now reissuing the early view of “Poly Tailai-Macro Outlook for 2019”, everyone will wait and see: The main macro judgments in 2019: bottom in the economic year, and whether the capital market is extremely TailaiThe effect appears, the economy will reach the bottom in the middle of the year, stabilize in the second half of the year, from the previous low and then stabilize, the risk of economic stall eases.

  The economy has its own laws of operation, focusing on the six major cycles of the world economy, finance, inventory, production capacity, real estate, and politics.

  2) At the beginning of the year, the growth rate of M2 and social financing bottomed out, and the policy bottom (Q3 2018), the market bottom (Q1 2019), and the economic bottom (Mid 2019) will appear.

  3) Monetary easing and cycle rotation, bond market, stock market, housing market, and commodities will turn for the better.

  4) In the future, macro policies should not only prevent untimely hedging and insufficient efforts, but also prevent excessive efforts and re-enter the old path.

  5) China’s “growth shift” has entered the “economic L-shaped” bottoming period, with three bottomings, the first in early 2016 and the second in mid-2019.

  6) Three major challenges: the long-term and severe Sino-US trade war; the gradual approaching population crisis; mobilizing the enthusiasm of local governments and entrepreneurs to promote a new round of reform and opening up.

  2. The manufacturing PMI rebounded more than expected. Production, new orders, purchases, and business expectations index rose significantly. Small and medium-sized enterprises are the main contributors. Active destocking has come to an end. The bottom of the PMI in March is:) Manufacturing PMI is 50.

5%, an increase of 1 from last month.

Three single, ending the state of falling below the line of prosperity for 3 consecutive months, hitting a new high of 6 months, all sub-items rebounded, especially production, purchase volume and ex-factory price index rose significantly.

Overall, after the January-February PMI was consolidated, the March PMI rebound was stronger than in previous years, but mainly due to stronger production than in previous years, and new orders picked up a lot of moderation, meaning the supply side.
The average PMI for the first quarter was 49.

7%, lower than the average of 49 in the fourth quarter of last year.

9%, therefore, from a quarterly perspective, the economy is replacing inertia.

  2) Domestic demand recovery is stronger than external demand. Domestic demand is mainly supported by infrastructure. It is corroborated by the rapid issuance of special debt, construction industry employment and new orders, but external demand is still lower than the line of prosperity due to the impact of world economic growth.

  3) The revaluation margin of SME repurchase is the main contributor to the emerging rebound. The PMI of large enterprises has declined, supply-side reforms and upgrades, wide currency to wide credit, and tax and fee reduction policies have boosted SME confidence.

  4) The average increase in operating expectations and purchasing volume index shows that enterprises are optimistic about the future, pragmatic, open, market-oriented reforms and measures to simplify administration and decentralization have gradually stimulated market vitality.

  5) The rise in crude oil prices led to a rebound in the price index, deflationary pressures were suspended, and corporate profits were expected to improve.

  6) The average inventory index of raw materials and finished products rose, but it was still lower than the Rongkuan line, and the rise of the finished product inventory index was significantly lower than the same period of 2016-2018, which means that the rate of destocking has decreased and active destocking has come to an endIt is expected to convert to passive destocking around the second quarter, which will weaken the drag on the economy and bottom out in the middle of the year.

  3. Domestic and external demand are picking up, enterprises are expected to resume work after the holiday, and production growth is rising at the production end. The March PMI production index was 52.

7%, up 3 from last month.

Two averages, an increase of 2 from the January-February average.

5 averages, higher than 1 in the same period of 2016-2018.

5, 0.8 and 1 digits, mainly due to the recovery in domestic demand and the resumption of work after the Spring Festival.

  On the demand side, the new order index is 51.

6%, a rebound from the previous month, a consolidation, two consecutive months of rebound, an increase of 1 from the January-February average.

5 digits, 2. from the same period in 2016-2018
.

4, 0.

4 and 1.

The five supplementary ratios returned to mild, indicating that demand is slowly recovering.

Mainly due to the early issuance of special bonds, counter-cyclical adjustments such as currency easing gradually come into play, and the infrastructure has clearly exerted strength.

From January to March, the net issuance of local government bonds (general bonds and special bonds) reached 1.

2 trillion, compared with 219.5 billion in the same period last year; of which, the net issuance in March was 477.3 billion, compared with 191 billion in the same period last year.

The index reflecting the economic momentum (new orders-finished goods inventory) rose by 0 from last month.

4 averages, rising for 3 consecutive months.

  External demand has risen, but new export orders are still below the line of prosperity, and export exports are still grim.

New export order index 47.

1%, an increase of 1 from the previous month.

Nine averages, but still below the rise and dry line.

The global BDI index has plummeted by nearly 50% this year, and export growth is still severe.

First and foremost: First, the demand for export overdrafts was seized last year.

Second, the world economy peaked and fell.

US manufacturing PMI was 52 in March.

5%, 0 from last month.

5 digits; Eurozone and Japanese manufacturing PMIs crossed the line for the second consecutive month, 47, respectively.

6% and 48.

9%, compared with the previous month’s sample 1.

The 7-digit figure is the same; among them, the European economic locomotive German manufacturing PMI is 44.

7%, the lowest since September 2012.

The BDI index has plummeted by nearly 50% this year. The BDI index stabilized but remained at a low level in March, an indicator of international trade activity.

  4. The rise in crude oil prices and post-holiday resumption drive the price index to rise, deflationary pressures have been suspended, and corporate profit expectations are expected to improve for three months.The pressure is on hold and corporate earnings expectations are improving.
The purchase price index and the ex-factory price index of main raw materials were 53.

5% and 51.

4%, up 1 from the previous month.

6 and 2.

Nine digits, at least a five-month high, the ex-factory price index has returned to above the Rong dry line.

Brent crude oil increased by about 3 in March from the previous month.

0%, falling by 2 every year.

2%, narrowed by 0 earlier in February.

1 polycarbonate; rebar, thermal coal increased by 2.

3% and 4.

9%.
From the perspective of industry, the price indexes of petroleum processing, ferrous metal smelting and rolling processing are both located at 56.
Higher range above 0%.

  5. Supply revisions and counter-cyclical adjustments boost corporate confidence. The business expectation index and purchase volume have risen sharply. Taking into account demand, price recovery and inventory de-allocation, the initiative to destock gradually ends. Supply revisions and counter-cyclical adjustments boost corporate confidence.Wide money to wide credit, financial strength, etc. have promoted a sharp rise in business operating expectations and purchases, and SMEs have improved significantly, becoming the main force behind the rise in PMI in three months.

The Central Economic Work Conference at the end of 2018 and the two sessions in 2019 released signals of strong market-oriented reforms and simplified administration and decentralization. Supply-side reforms paid more attention to marketization and rule of law. They pointed out some misunderstandings and practices of last year and corrected them.In order to “consolidate, enhance, enhance, and unblock”, that is, to consolidate the results of the previous “three to one, one to reduce and one to compensate” supply-side reforms, enhance micro-vibrancy, improve the level of the industrial chain, and smooth the circulation of the national economy, especially the benign nature of the financial and real economy.cycle.

In February, the financial supply-side structural reform proposed by General Secretary Xi Jinping should adjust the market structure, vigorously develop multi-level capital markets, and increase the proportion of direct financing; deepen the reform of financial institutions such as banks and promote the reform of mixed ownership in the banking industry; and improve the financial product system.Develop differentiated financial products to better serve the real economy.

  The production and operation expectation index was 56.

8%, an increase of 0 from last month.

Six averages rose to a seven-month high; the purchase volume index was 51.

2%, up 2 from last month.

Nine advantages reflect that companies are more optimistic about the future.

Originating from: The suspension of the external Sino-U.S. Trade war, internal continuous strengthening of counter-cyclical adjustments, and continued development of fiscal and monetary policies.

Monetary policy changed from wide money to wide credit, and social finance and M2 bottomed out.

The 2 trillion yuan tax reduction burden has stimulated market vitality and improved business expectations.

  The prosperity of SMEs has rebounded significantly. The rise in new orders is mainly concentrated in SMEs, and the prosperity of large enterprises has drifted.

Large enterprises have a PMI of 51.

1%, down from last month.

The four averages continue to be above the critical point.

Small and medium enterprises have a PMI of 49.

9% and 49.

3%, a significant 夜来香体验网 increase of 3 respectively from the previous month.

0 and 4.

0 averages.

Among them, the new orders index of small and medium-sized enterprises showed a clear upward trend, and large enterprises overlapped slightly.

The index of new orders for large enterprises in March was 52.

5%, down 2 from last month.

In the five tiers, the SME new orders index was 51.

2% and 49.

0%, up 4 from the previous month.

6 and 6.

Two fines eased the pressure on SMEs.

  The raw material and finished product inventory indexes were 48.

4% and 47.

0%, up 2 from last month.

1 and 0.

Six averages, but still below the rise and dry line.

The increase in the inventory of finished products was significantly lower than in 2016-2018, and the increase in the raw material inventory index was mainly due to the increase in 重庆耍耍网 purchases.

Inventory decarburization, active destocking is coming to an end.

  The current demand and price rebound have led to improved expectations and increased purchases. When business operators confirm that demand recovery is sustainable, they will continue to increase production and procurement, and destocking will enter the end and transition to restocking. At this time, the economy bottoms out and stabilizes.Expected to occur in the 2-3 quarter.

  6. From the perspective of the industry, high-tech manufacturing continues to grow at a high rate of new momentum, and the consumer goods industry is operating steadily.

The high-tech manufacturing, equipment manufacturing, and consumer goods manufacturing PMIs were 52.
0%, 51.
2% and 51.

4%, both significantly higher than the overall manufacturing industry.

Among them, agricultural and sideline food processing and pharmaceutical manufacturing PMI are all located at 53.

0% and above are relatively high boom intervals.

  7. The prosperity of the construction industry rebounded, and new orders hit a new 15-month high, reflecting the continued development of infrastructure. Non-manufacturing business activities rebounded. The high prosperity of the construction industry, business activities, employment, and average price of new orders increased, reflecting the continued development of infrastructureforce.
The non-manufacturing business activity index was 54.

8%, an increase of 0 from the previous month.

Five averages, which rose by 0 in the same period last year.

2 units; new order index 52.

5%, an increase of 1 from the previous month.

Eight averages, which rose 0 during the same period last year.

6 averages.

Among them, affected by the resumption of work after the holiday, the boom of the construction industry has returned to the high boom range.

The construction business activity index for March was 61.

7%, up 2 from last month.

5 averages, 3 higher than the same period last year.

2 units; new order index is 57.

9%, a significant increase of 5 from last month.

Nine averages, 2 higher than the same period last year.

5 averages.

The employment of construction enterprises has increased, and the employment index is 54.

1%, an increase of 0 from last month.

Nine single ones indicate that the construction of production in the construction industry is accelerating through the start of climate change and warming after the festival.

From the perspective of market demand, the new order index is 57.

9%, up 5 from last month.

Nine digits, a 15-month high, were incorporated into infrastructure construction projects to accelerate the development, and the industry development is expected to continue to improve.

Luyang Energy Conservation (002088): Performance Exceeds Expectations, Operation Quality Continues to Improve

Luyang Energy Conservation (002088): Performance Exceeds Expectations, Operation Quality Continues to Improve
Key Investment Events: The company disclosed its 2018 annual report and reported a series of realized operating income.4.2 billion, an annual increase of 15.45%; net profit attributable to mothers3.07 million yuan, an increase of 43 in ten years.71%; net profit after deduction of non-return to mother 3.04 billion, down 45 every year.18%, basically 0 benefits.85 yuan.The company plans to distribute a cash dividend of 6 to every 10 shares for all shareholders.5 yuan (including tax).The total cash dividends accounted for 76 of the net profit attributable to the mother.59%, dividend yield 4.76%.  The company disclosed the 2019 first quarter report, which can realize operating income4.570,000 yuan, an annual increase of 48.24%; net profit attributable to mother is 0.72 ppm, an increase of 34 in ten years.51%; net profit after deduction is 0.710,000 yuan, an increase of 39 in ten years.75%, basic profit returns 0.20 yuan / share.  Opinion: The single-quarter growth rate continues to improve, and the business continues to improve.The company’s operating income in 2018 was 18.42 ppm, an increase of 15 in ten years.45%, net profit attributable to mother 3.07 million yuan, an increase of 43 in ten years.71%.In terms of quarters, the growth rate of operating income for Q1-Q4 in 2018 was 15 respectively.24%, 16.79%, 4.86%, 24.34%, of which the rapid growth in the fourth quarter was significantly improved in the first three quarters, mainly due to the company’s gradual resolution of its market share and rapid growth in market share.In Q1 19, the company’s revenue growth accelerated again, with an annual increase of 48.24%, the operating inflection point has been confirmed.  The continued high profits are due to the company’s falling costs and an increase in the proportion of high-end products, which are continuous.In 18 years, the company launched the “Double Lift and Double Drop” activity, and carried out multi-channel development of the market, centralized bidding, strict control of procurement of raw materials, combined with the increase in production capacity of various 北京夜网 products, fixed cost dilution, and continued improvement in comprehensive gross margin, reaching 42.1%, a substantial increase of 4 per year.6 points.  The impact of equity incentive fees and management expenses will increase, and the impact will be weakened in 2019-2021.The company’s 18-year expense ratio (including taxes and surcharges) 23.9%, an increase of 2 per year.5pct, at the middle level of history.  By item, sales, management expenses, R & D expenses and financial expense ratios reached 12 respectively.6%, 7.2%, 2.9% and -0.3%, change 0 each year.5 pcs, 3 pcs, 7 pct, -0.8 points and -0.6 points.Of which 18 years management costs1.32 ppm, an increase of 38 per year.31%, mainly due to the provision of 29.79 million yuan in equity incentive expenses (33 million, 15 million, and 6.57 million in 2019-2021, respectively). If the 南京夜网论坛 allocation of incentive expenses is not considered, the management expense ratio is 5.7%, reduced by 0 every year.3 points.  Profit forecast and investment advice: We adjust the profit forecast and expect the company’s net profit attributable to the parent to be 3 in 2019-2021.8.9 billion, 5.10 billion and 6.32 trillion, the closing prices on May 21 correspond to PE of 2019-2021 respectively.1, 10.2 and 8.1. Key recommendations.  The company’s self-operated positions exceed 1%. Investors should pay attention to the risk warning: the expansion of new application areas is less than expected, the policy implementation is less than expected, and the industry’s competitive landscape has deteriorated

BTG Hotel (600258): Demand is still under construction due to macro impacts, results stabilized or boost expectations

BTG Hotel (600258): Demand is still under construction due to macro impacts, results stabilized or boost expectations
This report is a guide: in the first half of the year, macroeconomic fluctuations have continued to weaken operating data to build a bottom, and price adjustments have boosted the mid-to-high end. The company is working on product upgrades and mid-to-high-end layout to increase profitability. Investment Highlights: The performance is in line with expectations, and the holdings are increased.Considering that the company is affected by economic fluctuations and store closures, the EPS for 2019/20/21 is reduced to 0.95/1.11/1.32 (-0.01 / -0.01/0.00) yuan / share, given the industry average of 25xPE in 2020, maintaining a target price of 28.03 yuan. Brief description of performance: 2019H1 achieved revenue of 39.90 billion / -0北京桑拿洗浴保健.33%, net profit attributable to mother 3.6.7 billion / + 8.14%, deducted non-net profit attributable to mother 3.36 billion / + 6.twenty two%.Of which hotel business revenue was 37.400 million / -0.48%, such as 19H1 revenue 33.1.2 billion / -0.57%, net profit 3.55 billion / + 6.66%. Weak demand data is still bottoming out, and price adjustments have boosted mid- to high-end occupancy rates.① The overall RevPAR-1 in 19Q2.5%, about 19Q1 (-0.5%) continue to compete; same-store RevPAR-3.6%, accounting for 19Q1 (-3%). Demand is weak due to macro influences. The company is trying to ease the pressure on the occupancy rate by adjusting the price. ② The mid-to-high-end Q2 performed better than expected, and the direct / franchise occupancy rate was -2.7 / -0.8pct, the reduction ratio Q1 narrowed; ③ mid-range improvement and statistical caliber adjustment, related to the merger of Home Inn and BTG, but also related to the promotion of promotion, the mid-to-high end is still the best hotel industry to undertake high-end downgrade and low-end upgrade demandRace track. The speed of opening a store is the same as that of the same period last year, and the upgrade will improve profitability in the future.① Newly opened 159 stores in 19Q2 (75 in Q1), and 112 new hotels in the H1 mode in 2019, a slight increase from 105 in the same period last year; ② Product upgrades and mid-to-high end are strategic priorities, and 236 economic direct sales have been completed(33 of all direct sales.6%); ③ The company’s transformation efforts will be strengthened in 2019, with capital expenditures 4.6.3 billion (the same period last year 3.400 million), the above upgrade and brand promotion will bring stronger profitability and performance flexibility in the future. Risk reminder: the risk of macroeconomic fluctuations, store growth is slower than expected.

Hangyang (002430): Performance growth tends to be stable and in line with expectations

Hangyang (002430): Performance growth tends to be stable and in line with expectations

The 18 years of high growth performance brought by the recovery of the air separation equipment industry and the rise in industrial gas prices have passed. In the future, the growth of performance will stabilize, maintaining the overweight rating.

Investment points: Conclusion: The company’s equipment 杭州夜生活网 orders have stabilized, retail gas prices have fallen and gas gross profit has improved, but overall gas revenue has continued to grow steadily, maintaining the company’s EPS 0 in 2019-2021.

84 yuan / 0.

94 yuan / 1.

06 yuan, maintaining a target price of 18.

48 yuan to maintain the overweight level.

Air separation equipment and industrial gas business growth expectations are in line with expectations.

The company’s overall revenue for the first half of the year was 40.

7.1 billion, an increase of 10 in ten years.

82%, of which equipment income was 16.

56 billion, a year-on-year increase of +15.

21%, gross margin is 21.

88%, down 1.

18 units; gas revenue 22.

47 billion yuan, a year-on-year increase of +8.

23%, gross margin is 19.

99%, a decrease of 3.

The 16 averages were mainly due to the decline in retail gas prices.

On the whole, net profit attributable to mothers in the first half of the year.

99 billion, a year-on-year increase of +18.

03%, higher than the growth rate of income, which is mainly due to the better receivables of the current period, asset impairment was written back to 42.49 million, compared with the same period last year, the loss was 20.05 million.

Orders for equipment have been completed, and the steady development of the gas business will become the norm.

In the first half of this year, the company’s equipment orders were 29.

3.1 billion, 14.14 in the same period of 2017-2018
.

8.6 billion, 2.8 billion, equipment order growth peak has passed; for the gas business, the future growth of major new pipeline gas projects put into operation, the elasticity of retail gas will still mainly come from price increases, but the use of air separation equipment gradually introduced, retail gas willReturn to stability.

Catalyst: Risks of rising industrial gas prices Tips: risks of gas price fluctuations, increased competition in the industry, risks of policy changes

Yoga can make you more sexual

Yoga can make you more “sexual”

Practicing yoga can stimulate energy points in the body.
Through continuous rhythmic breathing, energy runs between acupoints, plus yoga poses and dance moves repeatedly contract and relax the “sex core” muscle area.
Long-term exercise like this will not only make your appearance look healthy and beautiful, but also increase your internal flexibility, which will make you have a better sex life.
  Sexual muscle zone: The “sexual core muscles” include the pelvis, hips, and abdominal muscles, and a group of internal muscles called the coccygeal muscles, or “PC” muscles.
Yoga practice is a practice that doctors often instruct women who are pregnant or have sexual difficulties to target the PC muscle group.
More Yoga lessons and features. A large number of surveys have shown that strengthening your PC muscle group will enhance your sexual pleasure and that of your partner.
For women, the strength of the PC muscle group is directly related to orgasm during sexual intercourse.
Orgasms from various stimuli also grow with the strength of the PC muscle group.
  Sexual core wiggle training: In yoga, you cannot maintain your posture without health and control of the core area.
In fact, just as training in the core zone will make your body healthier, strengthening the sexual core zone will make your sex healthier, which is overall health.
Sexual health not only makes sex better, it also strengthens your health and quality of life.
When people feel sexier, their lives are better.
  Deep breathing and sexually explicit breathing are the foundation of all traditional and modern yoga.
Breathing is your vitality, and it runs through the teaching.
Mastery of breathing leads to control of will and body. Since most people use only a small portion of their vital capacity, yoga exercises focus on expanding the chest cavity with slow deep breathing until the air is brought to the deepest and largest part of the lung.
From a physiological point of view, this helps to oxygenate the blood and promote better circulation in the body.
This breathing regulation also promotes mental concentration, and most importantly, develops the connection between the soul and the body.
  Sex with your partner is a matter between you and your partner.
Without intimacy and love with your partner, sex can’t achieve harmony.
Better sex is an interaction between the two, and one way to develop it is to practice with your partner.
Sexual desire includes psychological factors that create a sexual desire.
  The Yoga Revolution There is now a debate in the yoga community about the role of yoga’s rosettes in promoting better sex.
Most yoga schools require that sexual activity be separated from yoga practice, because yoga was originally developed to keep monks healthy, so that illness or injury does not disturb their meditation.
However, the investigation found that yoga can slowly make some chronic fatigue syndrome disappear, and also make many female friends find their own “sex” blessing.
What’s more interesting is that now yoga teachers start talking about sex and sexual behavior in their classes, which is a trend.
  Sexy kittens and other poses are more “sexual” actions that not only promote flexibility and strength, but also promote the body’s energy system.
For example, taking a deep breath to the lower abdomen not only strengthens your abdominal muscles, but also increases abdominal strength or qi.
The abdomen is considered the body’s energy storehouse.
Some postures stimulate energy to circulate in the grooves or points of the body.
Here are some examples to make you find the feeling: sexy kitten: hands and knees on the ground, spine stays smooth, neck stretched, eyes staring at the position between hands.
Inhale, bow forward, exhale completely, curl the bottom of the pelvis and look towards the navel.
Repeat 3-4 times.
  Look for the tail: Then go to the sexy kitten pose, with your hands and knees on the ground, and make a mid-back position.
The hips are tilted to one side, so that the hips on one side almost touch the floor and look at the coccyx (as if looking for a tail).
Look backwards on the other side.
Repeat 3-4 times.
  Yoga weight loss and body sculpting effect: Sexy shoulders: This action can also make room for the shoulder blades as a warm-up exercise for the reverse deltoid muscle.
This is a gradual movement. At first, rotate the shoulder joint on one side forward while looking at the palm on the same side.Then add a contraction bend on the same side and repeat, paying attention to the increased range of motion.

After doing this 3-4 times a month, always stretch straight (don’t lock and align) and inhale deeply.

When exhaling, go up and down together and look down at the navel; inhale, rotate backwards to pressurize and arch your back to look at the ceiling.

Repeat 2 times.

  Frog pose: This is a pose that evolved from ballet.

Start with a standard split, or do your best to separate your legs.

Move your hands forward to touch the ground, place your pelvis and stomach on or near the ground, separate and bend your legs to the sides, and touch the floor with your feet.

Keep your posture to relax your muscles and fracture your thigh roots and pelvis.

National Day holiday will pay attention to prevent five types of syndrome

National Day holiday will pay attention to prevent five types of syndrome

Most of the eleventh long holiday has passed. After a few days of relaxation, I believe that friends have enjoyed the charm of food, togetherness and play. Then, when the holiday is celebrated, the editor also reminds everyone to adjust their physiology.Avoid getting these syndromes.

  Symptoms of Fetal Psychological Disorder Syndrome: During long holidays, some people who usually work under high stress, especially white-collar workers in foreign companies and private companies, once they stop and have nothing to do, they are prone to depression, depression, restlessness and other adverse reactions.
  Because these people are usually under intense work pressure, as a contingency mechanism in the long term, the central nervous system of the human brain will establish a highly nervous thinking and operating mode, so that people can adapt to high-stress, high-stress life,Way of working.

If you stop suddenly, there is nothing to do, so that the original mental model that adapts to a high degree of tension, because of the sudden loss of the object, coupled with the physiological and psychological inertia effect, in the face of a relaxed environment, but it does not adapt, thus showingDepression, depression, palpitation and other psychological problems and diseases.

  Tips: For this kind of psychological disorder, people should learn to actively self-adjust, try to relax their usual high-stress thinking mode of operation, and truly give their spirit and mood a holiday.

During the National Day holiday, visiting relatives and friends, traveling, quoting music, and reading a good book are all good leisure ways, which can make people’s psychological state slowly relax from high tension.

  Symptoms of shopping mall syndrome: People take full advantage of the seven-day holiday, especially women, and choose to shop in the mall and fully browse the seasonal fashion. Coupled with the fierce competition in the mall, the sales are constantly discounted.After all, there are many people who have been shopping for more than ten hours.

However, during the festival, the large-scale shopping malls have a large flow of people and poor air quality. Some electronic equipment will generate electromagnetic radiation pollution. In addition, there are many people who are noisy. After a long walk, dizziness, chest tightness, nausea, and poor breathing will occur.

  Tips: It is recommended that female friends should minimize the time spent inside the mall. It is advisable to spend half an hour to an hour shopping in large malls, and to avoid staying too long in densely populated areas.

  Symptoms can be relieved by the following methods: For example, during shopping, you may experience alternate symptoms such as headache, nausea, chest tightness, shortness of breath, heartbeat, palpitation, etc. Don’t panic, immediately go outside the mall and breathe fresh air. If possible, drink a glass of orange juiceBecause orange juice contains a lot of vitamin C, and vitamin C can overcome anti-fatigue and relieve the tension. If the symptoms still can’t be relieved, after returning home, you can eat some fruits or chat with your family to relax. In addition,You can also wash your hands, face, and clean your nostrils in time to prevent bacteria from invading your body.

  Symptoms of Taste Syndrome: On holidays, it is often seen that some people have a sudden dizziness, bulging eyes, protruding eyes, numbness of the upper limbs, jaw trembling, palpitation, asthma, tachycardia, and rapid pulse.A series of symptoms such as shortness of breath, increased blood pressure, etc. went to the hospital for treatment.

Fundamentally, nutritionists and medical experts point out that the proper condition arises because there is an organic compound called sodium glutamate in the taste, which is metabolized in the body into the brain and interferes with the normal metabolism of the brain.

During the festival, people often eat a lot of delicious dishes such as chicken, duck, fish, and meat in a short period of time, which triggers the “tasty syndrome”.

  Tips: The key to preventing the festival “delicious syndrome” is to prevent overeating.

Ingestion of delicious dishes should be based on intake, should not eat too much at one time, too full, in order to increase the burden on the body, causing acute pancreatitis, pancreatitis, cholecystitis, diabetes, hypertension, hyperlipidemia and other diseases.

At least when edible oils are added, monosodium glutamate may not be added or added to prevent excess sodium glutamate and exacerbate symptoms; also eat more fresh vegetables and fruits supplemented with cellulose and vitamins to promote growth and peristalsis and accelerate harmful substances in the bodyExcretion process.

Once the above symptoms appear, you don’t need to panic. It is better to take a rest if you are mild, and you should seek medical treatment in time when the symptoms are serious.

  Symptoms of network syndrome: Computer network syndrome is a series of symptoms with autonomic dysfunction as the main symptom caused by improper use of computer or network. Common dizziness, obvious lack of concentration, palpitation, dizziness or ghosting,Astringent eyes, sweat easily, numbness or trembling.

This disease is medically a psychosomatic disease. Chinese medicine believes that the disease is caused by “heart, liver and blood deficiency, long and depressed”.

One of the network syndromes is called “video terminal syndrome”.

After the annual long vacation, there are always two or three times more people going to the hospital for ophthalmology than usual.

More than half of them are “video terminal syndrome” caused by excessive eye use, which is what we usually call visual fatigue.

Because the Internet is obsessed with overnight, dazzling, flickering screen is an important cause of visual fatigue and visual impairment.

  Tips: Generally speaking, the incidence of visual fatigue in the population increases by 20%, and it is more common after the holiday, and can usually recover within one to two months; if not treated in time, it may lead to more seriousEye disease. ”

Therefore, ophthalmologists caution: Do not overload your eyes during holidays. It is advisable to take a 10-minute break for more than an hour during the holidays. You should also try to control your Internet time during the holidays. It is best to take a cup of wolfberry tea and take appropriate vitaminOne.

  Symptoms of Festive Kitchen Syndrome: The family reunites at the table during the festival, tastes the food, and enjoys the warmth and joy of the holiday.

However, the cooks in the family often feel back pain, fatigue, lack of diet, and even chest tightness, dizziness, throat discomfort, vomiting and other symptoms, and no major problems can be found at the hospital.

Some experts point out that this is actually suffering from “Festival Kitchen Syndrome”.

  In order to make the family enjoy the holiday, family cooks are doing everything they can to make a delicious meal.

These festival dishes have considerable workload in the process of purchasing, processing, and making, and they must pay attention to the cooking procedures and methods, such as the allocation ratio and time of the ingredients, and the mastery of the heat.

In fact, the enthusiast is often in a state of continuous high mental and physical tension, which is prone to fatigue.

  When the cook was in front of the stove and was busy by the stove, he aspirated acrolein in the oil fume, which is a substance that is harmful to human health.

The higher the oil temperature, the longer the lubrication time, the more acrolein is generated, and the concentration in the air can be.

If the enthusiast stays in a kitchen with a small space, closed doors and windows, or a poorly ventilated kitchen, the longer the time spent, the more it will be absorbed. The acrolein poisoning reaction may occur, which manifests as slow heartbeat, poor breathing, and elevated blood pressure.
  Tips: Experts remind holiday enthusiasts to scientifically arrange the workload of the kitchen first, prepare holiday seasons according to the actual situation of the family, do not be greedy for everything, and blindly pursue varieties and patterns; secondly, make less fried foods and oil for cookingDo n’t burn too much, try to reduce the generation of soot in the kitchen; Third, install a range hood in the kitchen, open the doors and windows to ventilate, and replace the fume produced by frying, frying, roasting, and frying; fourth, coordinate cookingMake the procedure, reduce the minimum repetitive operations, and relatively extend the working time in the kitchen; Fifth, if the entrants are not in good health and the economic conditions in the home permit, you can consider booking a festive dinner in the restaurant and chic once.

How long can you sing a single love song

How long can you sing a single love song

I dare not say that this form is absolute happiness, but there is no lack of a channel for happiness.

The beautiful and gentle lover, the handsome and considerate husband, and the happy life of Xiao Fu Ze’an, the angels are also jealous.

Everyone is eager to win on the marriage bet, but no one is sure to win unless you do not participate.

Single people are like gamblers at dusk, hovering around the edge of the game and cannot stop.

  I don’t know since when, single people have become more fashionable, and all of them are not married.

Maybe there is a life, except for a legal life contract.

I don’t know if I have no confidence in myself or I remain skeptical about that paper. In short, a life without marriage is only life, and a married life is marriage.

The beginning or end of everything can no longer be determined by you alone.

So before thinking about it, there is only a single love song.

Single life is not lonely, but inevitably lonely.

So people who are afraid of being lonely are not suitable for being single, so there will be more people getting married than single people, because there are many people who are afraid of being alone.

Single people are somewhat perfectionist, as long as they think that the best and most suitable life is otherwise the rest.

There is no lack of a single person, because he is very well known for his feelings.

This is where he and his modernity are, and what is called fashion.

  At the end of last year, one of my good college classmates finally got married and ended his single life like lightning.

Become a man who wants to live at home.

The reason why it is lightning is mainly because the girlfriend of this classmate who has been in love for four years has just broken up with him. Before that, we all thought that he and his girlfriend were bound to get married. The classmate’s parents even prepared for this. EverythingWhat I need for marriage, I bought a new home and bought a diamond ring.

The parents of the classmates also found a good job for the unemployed girlfriend and the old relationship, and all these did not retain his four-year relationship with his girlfriend.

It was the breakup proposed by his girlfriend, and he just said something else and ended everything.

It didn’t take long for us to receive a wedding invitation from our old classmates. This lightning-like bride, it took only two months to realize that she was officially married.

The wedding was very lively, and the bride was also very beautiful.

Looking at the smiling face of the old classmates, everyone was very happy for him, and of course there was a little worry at the same time.

The combination of two months has really promoted the warehouse, but it is difficult to guarantee anything for four years of feelings. Is there any reason to demand time again, and I only wish them a sincere blessing.

At the moment, no one knows what the old classmate is thinking, but one thing is certain, he wants to end the single life and say goodbye to the single day.

  Four years of love have not been exchanged for a marriage. What can two months tell us? Maybe no one doesn’t think that the woman is just trying to get on with the old classmate’s good family situation.

Thinking that a two-month marriage must be risky.

Four years had no results, but the girl was willing to entrust him to life for two months, and was willing to spend a lifetime with him.

Whatever the outcome, the girl completes his marriage and gives them a home of their own.

Maybe marriage is as simple as that, and it is artificially complicated by us.

The old Mr. Lin Yutang is not saying that if two people have a relationship and go out to travel and play, they can get married without coming back to each other.

This lovely wise old man just handled the complicated marriage problem we felt so simple.

I do not know who said it, saying that “with the waiting of an empty body and an empty soul, it is better to seize the opportunity that may be happy in front of you”.

Really waiting, maybe just letting go of youth and never returning.

We cannot take every kind of unwillingness and reluctance as reasons for being single.

Waiting and waiting can only be a deeper understanding of marriage, and there is one thing that is not a marriage that is expected but not happy.

In fact, it is not waiting for good results, but the heart of a single person is changing.

Tolerance and understanding become real instead of impatience, and become truly willing to live a dull and real life.

Lin Yutang said that anyone who wants to get married can get married.The key is whether you want to or not.

  ”There are so many lonely people, not many happy, don’t love it, miss it, stay, and I’m single and sing love songs.

“I decided to get married after listening to this song, and marriage may be much better than you and I imagine.

Why is the old man easy to waist and leg pain, the old man’s waist is easy to leg and leg pain

Why is the old man easy to waist and leg pain, the old man’s waist is easy to leg and leg pain

Low back pain is one of the most common symptoms in elderly patients. According to the survey, more than 60% of the elderly have experienced low back and leg pain.

4% of them?
6% of the elderly are seriously ill, and the waist and leg pain of the elderly accounts for more than 1/3 of the stack of hospital orthopedic clinics.

It can be imagined that the elderly may suffer from low back pain, so the elderly should pay more attention.

So why do elderly people have low back and leg pain?

What about the elderly waist and leg pain?

Next, for everyone to introduce, for your reference.

  Why are older people suffering from low back and leg pain?
  1, lumbar degenerative changes When the human body enters the adult period, the development is gradually stopped, and then the degenerative changes will begin.

Degenerative changes in the lumbar spine often lead to symptoms of low back pain.

  2, long-term lumbar motion activity and load is too large, posture is not correct.

  Due to the above reasons, the water and nutrients of the conical nucleus can be reduced, the volume of the intervertebral disc is rapidly reduced, the elasticity is obviously reduced, and the intervertebral space is gradually narrowed, and the lip-like hyperplasia of the vertebral body is formed, stimulating and compressing the surrounding tissue, especiallyNerve tissue, which causes symptoms of low back pain.

  3, endocrine entropy chaos.

  There is no doubt that endocrine function is directly related to bone metabolism.

For example, when the secretion of sex hormones is reduced, or the secretion of adrenocortical hormone is excessive, it may cause osteoporosis including lumbar spine, ligament and joint capsule relaxation.

On this basis, a sudden increase in lumbar load may cause symptoms of low back pain.

  4, body type changes.

  The normal human spine has four physiological curvatures, namely cervical and lumbar lordosis, thoracic vertebrae and atlas kyphosis.

The line of gravity of the human body passes through the vertebral body of the lumbar vertebrae or the posterior portion of the intervertebral disc rather than through the facet joints.

Whether the body shape of the elderly is excessively obese, the weight of the front part of the body increases, leading to an increase in lumbar lordosis, prolonging the strain of the facet joint, causing degenerative changes; instead, the lumbar extensor muscle relaxes first in order to adapt to the increase in lordosis, and thenIt shrinks again, causing low back pain.

If the elderly are too thin, the internal organs will be prone to sagging, and the joint capsule and ligament may be loosened (including the waist), resulting in instability of the lower lumbar spine, resulting in low back pain.

  5, caused by disease.

  Clinically common diseases causing low back pain in the elderly, mainly the following: (1), osteoporosis.

  The first symptom is often low back pain.

Can be simply understood as bone atrophy.

Systemic bone disease characterized by reduced bone mass and microstructural retraction of the bone tissue, increased fragility of the bone, and prone to fracture.

  (2), lumbar spinal stenosis.

  It refers to the lumbar spinal canal, nerve root canal, intervertebral foramen deformation or stenosis and causes the cauda equina nerve to be compressed, and the occurrence of corresponding clinical symptoms.

The typical symptom is temporary claudication.

There are primary, secondary and iatrogenic points.

  (3), lumbar disc herniation.

  It refers to the clinical syndrome caused by degeneration of the intervertebral disc and under the action of external force, causing the annulus fissure, protruding the nucleus pulposus, stimulating or compressing the nerve root and causing back pain and lower limb pain.

It is the most common disease causing low back pain in the clinic, but not all low back pain is disc herniation.

  (4), lumbar degenerative diseases.

  Common degenerative diseases in the elderly, mainly lumbar hypertrophic spondylitis, proliferative spondylitis, lower lumbar instability, senile kyphosis.

Low back pain caused by degenerative changes of the lumbar spine is mainly caused by soreness, accompanied by active seizures, inflexibility, and pain relief after a little activity, but the pain is gradually aggravated after excessive activity at the waist or weight bearing.

  What about the elderly waist and leg pain?
  1, in bed.
  Back pain, especially in acute lumbar sprains, bed 48?
72 hours will effectively relieve pain and help the damaged tissue heal.
However, in the bed for more than one week, the inner muscles responsible for protecting and stabilizing the vertebral body will shrink. Therefore, prolonged bedtime does not necessarily mean that the effect is prolonged, and sometimes it will begin to be replaced.

  2, levator anal.

  You can often practice levator ani while sitting.

When placed in the subway or bus, you can pull the ring with one hand, lift your feet, extend the bends of your knees, transport the vehicle’s sway, waist, knees, and the surrounding muscles will be effectively exercised.

While lying down, one leg squats and steps on the bed, one leg stretches into the air (about 40 degrees), then the back is forced to lift, buttocks, buttocks.

  3, processing.

  Acute lumbar sprains and chronic low back pain are treated differently.

If the back pain is more than three months, the chance of self-healing is small. It is recommended to seek the help of a professional rehabilitation doctor or orthopedic surgeon.

At this time, exercise training is often the best choice.

  4, take medicine.

  Including painkillers, muscle relaxants, neurotrophic drugs, articular cartilage repair and nutrition drugs, osteoporosis treatment drugs.

The first two categories belong to the palliative treatment. If the pain is severe or the treatment is not cured, the patient is recommended to take it.

The latter general errors are small, but they need to be taken for a long time, and they are rarely seen immediately.

  5, exercise.

  The old man’s movement must abide by the three principles. “I like it, I can persist, and it is not uncomfortable after the exercise is over.”

Avoid running and jumping or twisting the waist.

In addition, if you have low back pain or many of your loved ones are not good, it is recommended to avoid the following sports: jogging, tennis, table tennis, bowling, badminton, weightlifting, golf, billiards, etc.

  6, hard bed.

  In fact, the old man’s low back pain does not have to sleep in bed, the Simmons bed suitable for soft and hard on the market.

But sleeping position is very important. When you are lying on your back, you can put a quilt under the calf and raise your lower limbs. This will help the blood flow back to the heart and relax your waist.

When lying on the side, the right side is down, and the sleeping position of the legs will also have the same effect.

  7, physical therapy.

  For elderly people whose back pain is not serious or occasionally uncomfortable, the physiotherapy is convenient and quick.

However, elderly people with severe sprained sprains can do some vascular treatments that can dilate blood vessels 48 hours after injury, which will aggravate inflammation.

At this time, it is safer to stay in bed or ask a doctor to perform “waveless ultrashort wave” treatment.

In patients with chronic low back pain, multiple courses of physiotherapy should be stopped after they are ineffective.

  8, around the waist.

  Waist relief of low back pain is a double-edged sword.

The elderly at the distal end, acute lumbar sprain or severe lumbar disc herniation can protect the waist and relieve the disease.

At the same time, the long-term in the waist, the waist muscles will gradually shrink under the principle of using the retreat, but will aggravate the condition.

It is best not to spend more than two weeks on the waist. The elderly who need to shorten for a long time must consult a doctor.