Wuliangye (000858) Quarterly Comment: The Eighth Generation of Puwu Boosted Performance to Maintain Rapid Growth

Wuliangye (000858) Quarterly Comment: The Eighth Generation of Puwu Boosted Performance to Maintain Rapid Growth

In the first three quarters of 2019, the company’s revenue increased by ten years.

84%, net profit attributable to mothers grows 32.
.

11% In the first three quarters of 2019, the company achieved operating income of 371.

20,000 yuan, an increase of 26 in ten years.

84%; net profit attributable to mother was 125.

44 yuan, an annual increase of 32.

11%; budget gain is 3.

23 yuan, the performance is in line with our expectations.

In the third quarter, the company achieved operating income of 99.

51 ppm, an increase of 27 in ten years.

10%; net profit attributable to mother is 32.

08 million yuan, an increase of 34 in ten years.

55%.

Reported performance, the company’s performance maintained rapid growth, core product volume and price increased, and the overall product structure was further optimized.

We expect the company’s EPS to be 4 in 2019-2021.

7 yuan, 6.

05 yuan and 7.

32 yuan, maintain “Buy” rating.

The new products reported formally come out, and every three quarters of the increase in gross profit margin level, the company ‘s newly launched eighth-generation classic Wuliangye officially meets consumers. On the basis of inheriting and continuing the classics, the company conducted product quality, packaging, and anti-counterfeitingTriple upgrade, new products have been recognized by consumers after the launch of the product, the demand for the product is strong, and the sales have maintained a healthy growth.

Driven by the continuous optimization of product structure, the company’s gross profit margin for alcoholic products reached 73.

81%, an increase of 0 from the same period last year.

34 digits; net sales margin reached 35.

38%, an increase of 1.
.

32 units.

The advance receipts have increased compared with the first half of the year, 苏州桑拿网 and the net cash flow from operating activities has increased temporarily for the first three quarters. Due to the increase in the company’s operating income and the increase in bank acceptance bills, the company’s net cash flow from operating activities has increased.The amount is 161.

910,000 yuan, an increase of 317 in ten years.

64%; the company received 423 in cash from selling goods and providing services.

24 ppm, an increase of 60 in ten years.

08%.

In the first three quarters, due to advance payment from dealers, the company received advance payments 58.

6.5 billion, an increase of 34 over the same period last year.

250,000 yuan, an increase of 15.1 million compared with the first half of 2019
.

1.1 billion.

The sales expense ratio was the same as the same period of the previous year. In all aspects of the decline in the management expense ratio, the company’s marketing digital platform was officially launched. The eighth-generation classic Wuliangye control disk distribution model was operating normally. A Wuliangye brand and product database was initially established to accurately identify consumption.Groups, channel maintenance, and business decision-making to provide big data support.

In the first three quarters of 2019, the company’s selling expenses were 40.
43 ppm, an increase of 31 in ten years.

37%, selling expenses 10.

90%, basically the same as the same period of last year; the management cost is 17.
93 ppm, a ten-year increase of 7.

11%, overhead costs4.

83%, a decrease of 0 from the same period last year.

89 units.

Optimistic about the income and profit flexibility brought by the launch of new products, maintaining the successful purchase of the eighth-generation classic Wuliangye with a “Buy” rating will help the company reshape the product price system and enhance the brand strength of Wuliangye.Fast growth.
What do we expect Wuliangye 2019?
In 2021, sales revenue will be 519.

700 million, 646.

2 ppm and 773.

USD 500 million, with annual growth of 30%, 24% and 20% respectively; EPS is 4 respectively.

70 yuan, 6.

05 yuan and 7.

32 yuan, an increase of 36%, 29% and 21% each year.

In 2020, the average PE of comparable companies is 30 times.
32 times PE estimates, the target price range is 181.

50 RMB?
193.

60 yuan, maintain “Buy” rating.

Risk reminder: the risk that the price is not up to expectations, the risk that the market demand of the eighth-generation classic Wuliangye is not up to expectations, food safety issues, etc.

Holitai (002217): The whole industry chain layout achieves the core competitiveness of the electronics industry

Holitai (002217): The whole industry chain layout achieves the core competitiveness of the electronics industry

Event: The company released the 2018 annual results report on February 27, with 2018 operating income of 173.

1.7 billion, an annual increase of 14.

60%; total profit of 15.

07 million yuan, an increase of 11 in ten years.

57%; net profit attributable to mother 13.

72 ppm, a 10-year increase of 16.

30%.

Opinion: The entire industrial chain layout, complete product lines, and obvious cost advantages.

Holitai is a leading one-stop supplier of core components for intelligent terminals in China. The company has the full industrial chain advantages of materials and modules, and has industrial integration and market competitiveness.

Relying on the “1 + N” customer cooperation model, the product line has been expanded to a variety of core modules such as full-screen modules, touch-screen modules, fingerprint recognition modules, and camera modules.

At the same time, the company is actively integrating vertically into the upstream of the industrial chain, and some important components and raw materials have been internally supplied, such as FPCs and rigid-flex boards required for various types of modules.

R & D investment continues to increase, creating barriers to material technology.

The company continues to increase the research and development of materials technology, create a complete layout of the entire industry chain, and meet customer needs for emerging and future technologies in order to achieve the localization of high-end materials.

At present, the company’s early deployment of the FPC industry for 5G materials such as wireless charging and EMI materials will continue to maintain its dominant position in the traditional module industry.

The company’s core competitive advantage is obvious, and future performance can be expected.

The prospect of the FPC industry is promising, and the company’s business technology and production capacity are leading.

The FPC industry as a whole maintained a rapid growth rate, the global production capacity accelerated to the mainland of China, and the company is in the leading position in terms of FPC technology and production capacity.

Since 2015, the company has expanded production and increased FPC. It has invested and built capacity in Shenzhen, Wanan, Xinfeng and other places. The company is the domestic leader in terms of production capacity, which is sufficient to support future high-capacity production capacity support.

At the same time, the company strengthened the company’s FPC product technology and research and development capabilities by dating a professional Taiwan team, and gradually the management and technical team has been providing services to international customers.

Combining the company’s technology, equipment and process capabilities, the company has been providing products and services to important global customers.

Maintain 西安耍耍网 “Buy” rating.

The company has the industry advantage level of traditional modules and the development prospects of 5G-related materials business, which is transformed into the expansion of the 5G era. We are optimistic about the company’s performance as an industry leader and the depth and breadth of the company’s relevant business layout.
In 2020, the EPS will be 0.

44/0.

53/0.

65 yuan, maintain “Buy” rating.

Risk Warning: Progress of new services such as wireless charging is less than expected, and changes in downstream markets

Feng Yuzhu (603466) 2018 Annual Report Review: Performance Meets Expectations Large Scale for Business Exhibition and Cinema Business Improvement

Feng Yuzhu (603466) 2018 Annual Report Review: Performance Meets Expectations Large Scale for Business Exhibition and Cinema Business Improvement
Core point of view The company’s 2018 performance is in line with expectations. Traditional business orders on hand have steadily increased, and the expense ratio has continued to improve. It is expected that the performance will maintain rapid growth.At the same time, the company actively promotes the commercial exhibition theater line business to increase the length of space in the future.We give the company a profit forecast of 272 for 2019-2021.3/308.9/332.1 million yuan, the current sustainable corresponding PE is 19.8/17.4/16.2 times, maintaining the “overweight” 杭州桑拿 level. Performance was in line with expectations, and net margin continued to improve.In 2018, the company’s operating income and net profit attributable to its mother were 17 respectively.08 trillion and 2.11 ppm, an increase of 13 in ten years.95% and 29.96%.In the report, the company’s gross profit margin was 30.04%, up 1 every year.52%; net margin is 12.35%, up 1 every year.For the 27 years in 2018, the company’s sales expenses were 86.08 million yuan, and management and research and development expenses were 162.82 million yuan, an annual increase of 22.3% and 27%; sales expense ratio and management expense ratio are 5.04% and 9.47%, rising by 0 every year.35 pieces and 1.59 pcts, due to the company’s increased investment in promotion and research and development of new products. The amount of orders in hand remains stable, and the theme space display business is expected to maintain rapid growth.As far as the report is concerned, the company has 49 orders in hand.US $ 2.6 billion, an increase of US $ 200 million over the same period of the previous year, and remained stable overall.In the city and park display system business, the company achieved revenue of about 12.30,000 yuan, an increase of about 20% a year.It is expected that the growth of orders on hand will be stable, and the revenue of urban and park display systems will also remain stable.In the theme space display system business, the company undertook the construction of the Shanghai Architectural Model Museum in the report, making the Architectural Model Museum a benchmarking project for the effective combination of public welfare and commerce, which has a strong effect of publicity and demonstration.Reporting information, the company’s theme space display system business revenue was 12.3 billion, an annual increase of 20.5%, the business is expected to maintain rapid growth. The establishment depends on cultural innovation, and actively expand the commercial exhibition theater business.The report pointed out that the establishment of a subsidiary of the company depends on cultural innovation, specializing in commercial exhibition business, and targeted at urban audiences, to develop commercial cultural and creative exhibition display operations in the form of exhibition theater lines.As of April 2019, it depends on cultural and creative launch of Hangzhou Vientiane City, Suzhou Center “Keshalin’s Labyrinth Tour”, Shanghai Oil Tank Art Center “Water particles in teamlab tank”, Shenzhen Bay Vientiane CityThe 50th Anniversary Exhibition of the Chieftain “and other projects.We believe that, as the consumer demand for cultural and creative products grows, the company’s commercial exhibition circuit business has a breakthrough growth space in the future, and it is expected to bring transformation performance flexibility. Risk factors: 1) the speed of macroeconomic growth and the prospects for the construction of public cultural facilities; 2) the development of new businesses is less than expected; Investment suggestion: Due to the rapid growth of the macro economy, the company’s business has been affected to a certain extent. We slightly reduce the company’s profit forecast for 2019-2021 to 272.3/308.9/332.1 million yuan (originally ranked 278 in 2019-2020).1/312.7 million yuan; another 2021 forecast), corresponding to EPS forecast of 0.93/1.06/1.14 yuan, corresponding to the current total PE of 19.8/17.4/16.We believe that the company’s exhibition business in traditional cities and parks will remain stable, and the space-themed exhibition business is still expected to maintain rapid development.At the same time, the company actively expands the commercial exhibition 杭州桑拿 theater line business, and in the future it has room for continuous improvement and maintains the “overweight” level.

Changan Automobile (000625) Half-yearly report in 2019: Q2 significantly reduces losses, Changan Ford enters new product cycle

Changan Automobile (000625) Half-yearly report in 2019: Q2 significantly reduces losses, Changan Ford enters new product cycle
Company dynamics The company released the semi-annual report for 2019 and achieved operating income of 298.7.6 billion, a decrease of 16 per year.18%, net profit attributable to mother -22.4 billion, an annual decrease of 239.17%. Matter comments Q2 significantly reduced losses, and the gross profit margin improved significantly. The company achieved operating income of 138 in Q2.68 ppm, a decrease of 11 per year.29%, net profit attributable to mother -1.4.4 billion, down 165 a year.97%, but 20% more acceptable than Q1.96 trillion digits significantly reduced losses.In the first half of the year, the company’s gross profit margin was 8.22%, a decline of 5 per year.89%, of which the gross profit margin in the second quarter was 11.92%, down 4 each year.88%, up 6 from the previous month.90%, gross profit margin improved significantly. Automobile sales have improved, Chongqing Changan ‘s growth rate has turned positive, Changan Ford ‘s decline has narrowed, and the company ‘s 520,000 units have fallen by 31% in the first half of the year.65%, of which Chongqing Changan, Hebei Changan, Hefei Changan, Changan Ford, Changan Mazda, and Jiangling Holdings fell 24.73%, 40.59%, 12.63%, 66.99%, 32.22%, 22.98%.At present, the company’s sales situation has improved. Since June, Chongqing Changan’s sales growth has turned positive, and the sales in June and July were 5 respectively.490,000, 4.490,000 vehicles, an increase of 14 in ten years.6%, 24.3%; Changan Ford sales in July fell 24% year-on-year.5%, a decrease of 66% over the first half of the year.99% narrowed; Changan Mazda’s growth rate turned positive in July, achieving sales of 1.160,南京夜网000 vehicles, an increase of 18 in ten years.2%. New models of independent brands have been launched one after another, and Changan Ford has entered the new product cycle. The company’s new product launch has accelerated.In terms of independent brands, in the first half of the year, the company launched CS85 COUPE, the new CS15, the new CS95, Keshang, Yidong ET, Kai Cheng F70 and other new models.For Changan Ford, Ford Motors launched the “Ford Chinese Product 330 Plan”. The company plans to launch more than 30 new models in the Chinese market in the next three years. The products cover Ford and Lincoln brands, of which more than 10 are new energy models. The investment proposal estimates that the company’s EPS will be 0 from 2019 to 2021.07 yuan, 0.65 yuan, 0.95 yuan, the corresponding PE is 113 times, 12 times, 9 times, the first rating, given the “overweight” rating. Risks indicate that car sales are less than expected.

China Animal Husbandry (600195): The post-breeding cycle of the national team of veterinary biological products

China Animal Husbandry (600195): The post-breeding cycle of the national team of veterinary biological products

The core point of view is to improve the centralized governance of equity and comprehensive product business lines.

The company’s main business includes veterinary biological products, 西安耍耍网 veterinary drugs, feed and trading.

Among which, the veterinary biological products business accounted for 27 revenue in 2018.

52%, with a gross profit margin of 56.

80%, mainly for swine and poultry biological products. Among them, swine biological products mainly include foot-and-mouth disease, swine blue ear and swine fever vaccine, and poultry biological products are mainly based on government recruitment of bird flu vaccines.

The balance of remaining veterinary drugs, feed and trade is balanced. The market share of multiple businesses is at the forefront. The company’s major business categories are complete and are on a par with each other.

  State-owned enterprises shoulder the mission of the industry and fully benefit from the post-breeding cycle.

Affected by the swine fever epidemic in Africa in June 2019, the number of fertile sows in the country declined 合肥夜网 continuously26.

7%, hog supply continued to shrink, and African swine fever prevention and control became more serious. The company participated in the African swine fever vaccine test and research and development. Looking back at the emergence of the blue ear vaccine in 2007, the company’s biological product operating income reached two years after the vaccine was launched.12

690,000 yuan, scored 9 in 2008.

81 ppm with an annual compound intensity of 8.

95%, if the African swine fever vaccine is successfully developed, the company ‘s profits will increase, and in the medium and long term, the pig supply throughput will gradually recover, and the demand for swine biological products will significantly increase.Performance is expected to improve.

  The prosperity of the bird chain supports the company’s performance of poultry biological products.

The pork supply gap in the market has already appeared, and chicken, as the second most consumed meat, has formed a certain substitute for pork.

White strip chicken prices rise Pork prices have risen. In June 2019, the average price of white strip chicken exceeded 20 yuan / kg, and the price of chicks also fluctuated to maintain a high level. The breeding sentiment increased, and demand for poultry biological products increased.

The company is mainly based on the bird flu vaccine recruited by the government. Driven by the industry’s prosperity, the government’s recruitment price starts from 0 in 2017.

15 yuan / ml rose to 2 in 2019.

9 yuan / ml, the company’s poultry biological products are expected to achieve both volume and price increases.

  For the first time, it covers the first level of “overweight”.

Considering the gradual recovery of production capacity in the downstream aquaculture industry, we expect the company’s operating income to be 42 in the next three years.

30, 45.

50, 50.

2.7 billion, the net profit attributable to the parent company was 4, respectively.

41, 5.

41, 7.

50,000 yuan, the corresponding EPS is 0.

52, 0.

64, 0.

84 yuan, PE is 27, 22, 17 times.

In terms of relative estimates, the PE of comparable companies in the industry in the next three years is 27, 23, and 19 times, and the company may be undervalued.

In terms of absolute estimates, the company’s current reasonable actability is obtained14.

59 yuan / share, higher than the current sustainable 13.
.

88 yuan / share.

  Risk reminder: Downstream breeding is less than expected; market space is less than expected; vaccine R & D risks

Parental quarrel is more terrifying than divorce

Parental quarrel is more terrifying than divorce

The latest survey shows that 32% of children in families where parents often quarrel are detected and corrected, 30% in divorced families and 19% in harmonious families.

  Wang Limin, a professor of medical psychology at Harbin Medical University who surveyed by the host, said that children who often face family “fights” are likely to encounter each other, often have obstacles, lack confidence in future life, and are particularly prone to fear of marriage. Some children said,I don’t want to repeat the tragedy of my parents. When I grow up, I will definitely not marry. ”

  Wang Limin said that compared with the divorce, the child’s psychological experience of parental quarrel is more obvious, and the degree of direct harm suffered.

It is suggested that if there are conflicts between the husband and wife that need to be resolved, the child’s psychological feelings should be taken into consideration and not vented at will.

If noisy, you should also avoid your children.

It is the minimum responsibility for parents to make their children feel safe. The husband and wife attack each other and scold each other. The psychological impact on the child is hard to overcome for life.

Fitness Yoga-a good helper for stress reduction

Fitness Yoga-a good helper for stress reduction

Every time when the stress is high and I feel depressed, I really want to go out and run it for 800 or 1,000 meters, but it is helpless in the cold, and I really dare not go out. I might as well do some decompression yoga to help your stress.Give it “release”.
  Step1 Lie on your back with your feet apart for a short distance, your toes facing outward, your arms naturally placed on the floor on both sides of your body, your body lying flat, breathing naturally, or a few deep breaths.
  Step2 Twist the head to the right, then turn to the left to keep breathing naturally, and repeat.
  Step3 When lying down, make an exaggerated expression on the face to soothe facial tension muscles.
  Step4 Raise your arms off the ground, spread your fingers with both hands, and firmly support your arms and palms.
  Step5 Lower your arms, relax your arms, and raise your chest up at the same time, take a few deep breaths.
  Step6 Lift your right foot off the ground, move your toes, switch to your left foot and repeat.
  Step7 Lower your feet, lift your shoulders off the ground, gather your shoulders towards the middle, lower them, and repeat.

When father-daughter relationship surpasses mother-daughter relationship

When father-daughter relationship surpasses mother-daughter relationship

When my daughter was just sensible, I used to joke with her like this: “Dad originally wanted his mother to have a son.

In front of the delivery room, his father almost fainted when he heard that he had a daughter.

“It was meant to keep the mouth open and make the children happy, but unexpectedly, this kept her daughter in mind.

In the future, she took this out from time to time, as the father did not like the tandem of her daughter.

I do not know the reason for this sentence, or for other reasons, the relationship between my daughter and me has not been as close as the relationship between her and her mother.

  I have been working hard to win the love of my daughter.

In order to improve the relationship between father and daughter, I make a gradual emotional investment.

I get up early every morning to send my children to school.

After school in the afternoon, as long as I can find time, I must pick her up.

My daughter’s favorite books, magazines, toys, and children’s food, as long as I don’t think it’s too outrageous, will be satisfied one by one. I look forward to the day when “material becomes spiritual”, which will make our father-daughter relationship surpass the “unbreakable” mother-daughter relationship.

  In order to realize this dream at an early date, I often exchanged my experiences with my wife, and humbly asked my wife for the secrets.

The wife said that because children are young, they need more motherly love in life, so when the children are younger, they will naturally be closer to their mothers.

After listening to these words, I felt that the mother and the child made sense, and my future is very bright.

  However, after years of practice, I feel that the prospect is not very optimistic.

I found that the daughter even treated her mother well. Even when her mother criticized her severely, she didn’t talk back and listened convincingly.

And when I criticized her, she was always unwilling to accept, not convinced, and even spoke with me with integrity, regardless of the majesty of her father at home.

Sometimes I was annoyed and said, “As long as my mother likes me.

“I had to ask my wife again for advice.

Fortunately, the wife is also enlightened and instructed.

The lady said that you must be your child’s friend first, then she can be good to you. You have to help her solve practical problems and difficulties, and let her convince you from the bottom of her heart.

When criticizing a child, as long as you are right, the child will not know that it is unreasonable and insist on making trouble with you.

  I got a call from my wife, and I tried it consciously.

But it never seemed to work, and miracles never happened.

  One day finally came!

Daughter wants remote-controlled car as her New Year gift.

I bought her a very beautiful remote controlled toy jeep, and gave her a New Year gift in advance.

Unsurprisingly, the overjoyed daughter blossomed.

I felt that the opportunity had finally come. I quickly held my daughter’s hand and asked her, “Who is the best with you?

“She didn’t hesitate to confront the black man with a bright smile:” It’s best to talk to dad.

“Suddenly delighted me.

Great, the hard work of the past few years has no white flowers, this day has finally arrived.

Really worth the effort!

Unexpectedly, the daughter looked at me proudly, and added: “The best with my mother.

“Oh my God!

!!

!!

All these efforts have gone to waste.

I just had fun floating in the sky, and was hit hard on the ground again.  When will my daughter be the closest to my father?

I often hear people say that their sons are close to their mothers, and their daughters are close to their fathers.

Is there a phenomenon of opposite sex attraction at home?

Give me some more time and wait for a miracle.

Will you grab whatever you ca n’t get?

Will you grab whatever you ca n’t get?

I always feel that my boyfriend is good, his clothes look good, he ‘s happier than himself, and his desire is like a bottomless pit. If you encounter this situation, you ca n’t get it and want it.  1.

Are you socially experienced?

  Yes-2 No-3 2.

Are you in the crowd of flattering bosses and elders during the festival?

  Yes-4 No-3 3.

Do you have many close friends?

  More-5 Not more-4-4.

Seeing no one is better than you?

  Yes-5 No-6 5.

Will there be “more than less than the above” idea?

  Yes-7 No-6 6 Do you do everything to weigh the benefits and losses?

  Yes-8 No-7 7.

For you personally, which is more important, friendship and love?

  Friendship-9 love-8 8.

Do you know where your limits are?

  YES-9 NO-10 9 Do you cherish the person or thing at hand?

  Yes-11 No-10 10.

Do you have a persistent interest?

  Yes-11 No-12 11.

Do you persevere as one by one?

  Yes-C No-12 12.

Has everyone around you since you were young?

  Yes-A No-13 13.

Must get what you want?

  YES-D NO-B test results: A, you may develop the habit of “unavailable to grab” subconsciously.

The people around you take good care of you, and they are very accommodating to you. You have developed a habit of jealousy and robbing others from robes, whether it is a toy or a grown up.In this way, you always look at other people’s things but ignore your own things.

May wish to go home and count how many good friends you have. How many people are good to you. Contact them and you will find a strange feeling. Oh ~~~~ B, you may be the kind of “failed.Don’t “people.

The people around you often encourage you to increase your confidence and make you do not fail so much. Then you will keep growing and let you be trusted by others.

If you want something from others, you usually use your own ability to take it, but there are people outside of you. When encountering frustration, you often think about whether to challenge again. The experience of failure will make you lose interest in the things you seek.So, usually make more imaginary enemies for yourself, so that you can overcome your stronger mental endurance. ~ C, “Gentleman’s revenge is not too late for ten years” may be someone like you.

You are accustomed to being able to solve your own problems without others intervening.

I do n’t get what I like, just because you lack the ability now. You have a very clear understanding of your ability at each stage. You always improve your ability to achieve your goals.

Long-term accumulation will only allow you to have a clearer understanding of what you are pursuing, but what you like must be good. It is difficult to guarantee whether there will be a third or fourth person to grab it. Before you start, you have to lookLive ~~~ D, “Come with money .” If you have material independence, you will believe the phrase “rich money can make ghosts grind”, and the real society does work like this.

You have a strong appetite for what you like, and from your previous experience, you must have powerful power to get them, so you always use these powers to obtain, and ignore the politeness.
“Like” this kind of mood, regardless of people and things, you need to use your own emotions, if you only use material to oppress, you will get the opposite effect ~~~

walnut

walnut

A walnut or citron is native to Xiqiao (that is, Sichuan), an integrated area in western Gansu. Zhangye in the Han Dynasty brought the western region, so it is also called walnut.

Genus Juglanaceae.

It is commonly cultivated in northern China.

Seed kernels, fruit separators, peels, and leaves are used for medicinal purposes.

Seed kernels are squeezed out for oil consumption.

  Sexual taste: sweet, flat, warm.

  Cereal seeds (walnut kernels) contain stool oil, protein, sugars, niacin, vitamins B1, B2.

The pulp contains walnut leaf nevus and is implanted.

Leaves contain volatile oil, gum, sulfide, gallic acid, condensed gallic acid, hydrogenated walnut leaf nitrate; core shell contains five carbon sugar.

  Function: nourishing qi and nourishing blood, moistening phlegm, warming lungs and kidneys, and benefiting life.

Walnut meat is a nourishing and strong product, nourishes the lungs and kidneys, relieves asthma and coughs, walnut oil and leaves can cure skin diseases.

Juicy skin decoction, can be used as shampoo and mange medicine, soaked in wine can relieve pain.

Isolate enuresis.

  [肺肾两虚,久咳痰喘(包括老年慢性支气管炎,咳喘,肺气肿等)]  核桃仁1-2球,生姜1-2片,一并细细嚼吃。Every morning and evening.

  [肾虚,小便频数,遗精,阳萎,痘疮不起浆及慢性化脓病等]  胡桃隔、芡实、薏米仁各9-15克,水煎服。  [肝胃气痛,胃神经痛]  未成熟的胡桃皮(绿色肉皮)60克浸入240克烧酒中,密闭7-10日后可用,每次饮少许(约3毫升~5毫升),可以止痛。This wine is for external use for the first time.

  [急、慢性胃痛]  取青核桃3000克,烧酒5000毫升,放坛中浸泡20天,待酒变成黑褐色,去渣过滤备用。Take 10-15 ml each time when you have stomach pain.

  [呃忒]  胡桃核15克,生姜6克,水煎服之。  [肠鸣腹泻]  核桃壳烧存性,研细,每服3克,温开水送下,一日2次。  [疥癣,顽癣]  走油的胡桃仁研细,以纱布包裹,抹擦患处,一日2-3次。  [顽癣(包括体癣,股癣,牛皮癣)]  用刀削下鲜嫩胡桃绿色外皮,纱布包,用力拭擦患部,每日2-3次,一般约需10-20天见效。Or peel off the green skin, dry it, fry it, and scrub the affected area.

This recipe is also used for tinea capitis and alopecia.

  [全身搔痒]  胡桃树叶煎水擦洗。  [跌打外伤]  胡桃肉皮(生胡桃外皮)捣烂敷伤处。  [尿路结石]  胡桃肉120克,麻油120克,炸酥盛起,和白糖120克,共研细,仍以麻油调和为一剂,分2天服,每天服3次。