Mr. C Ronaldo World Footballer, Messi only asked once

Mr. Ronaldo World Footballer’s previous footballers only count Messi once
Cristiano Ronaldo was elected Mr. World Football in 2016, marking the second time in his career.In history, Ronaldo and Zidane won three prizes and tied for the top of the list, followed by Ronaldo and Ronaldinho twice, Messi only won once, and George Weah was the only one of the previous winners from non-Europe and South AmericaThe legendary star of the national team.  In 1991, Matteus Germany Inter Milan’s first World Footballer selection was in 1991. Matteus led Inter Milan to win the UEFA Cup. He was also the captain of the 1990 World Cup champion Federal Republic of Germany, so he scored 128 points.To win the championship, France’s 113-point French player Papan and 40-point English killer Reinkel won the 1991 World Footballer.    In 1992, Van Basten, AC Milan, the Netherlands, as the small World Cup at that time, Serie A almost had the most popular top star. 1992 was the first year of AC Milan Serie A’s three consecutive championships. As the team’s number one star, Van BastenHe won the award with a high score of 161 points, which was higher than the combined score of second place Stoichkov (88 points) and third place Hasler (61 points).    In 1993, Baggio Italy Juventus Juventus won the UEFA Cup in 1993. As the most popular star in Serie A, Baggio, the only career in the title of Mr. Football, scored 152 points, exceeding Romario’s 84 points andBergkamp’s 58 points.    In 1994, Romario, Brazil, and Brazil regained the World Cup in 1994. Romario was the current champion and won the World Cup Golden Globe. Of course, he won FIFA, rising by 346 points, followed by Barcelona teammate Stowe.Ichkov’s 100 points and Baggio’s 80 points.    In 1995, George-Via Liberia, AC Milan, George-Via was the only African winner in the history of World Footballer. In 1995, he led Paris Saint-Germain to the limelight in the Champions League. In the group stage, they played Bayern in double.Opening the record for the first time, Via scored a key goal at the Camp Nou in the quarter-finals to help the team draw against Barcelona. In the end, Paris scored 3-2 to eliminate the La Liga giants. He also won the Champions League Golden Boot with 7 goals.The Ajung Golden Ball Award, Mr. World Football and Mr. Africa Football, has three honors in one.Milan teammate Maldini ranked second with 80 points, and Klinsmann who switched from Tottenham to Bayern scored 58 points with third.    In 1996, Ronaldo Ronaldo, a Barcelona alien, turned out. After transferring to Barcelona in 1996, he scored 47 goals in 49 games in a single season. It shocked the entire football and was finally elected to FIFA with a high score of 329 points.Ah’s 140 points and Alan Shear’s 123 points.    In 1997, Ronaldo Brazil Inter Milan became the most popular player in the world. After helping Barcelona win the King’s Cup and the European Winners’ Cup, they moved to Inter Milan in a shocking way and still handed out outstanding transcripts.After Ronaldo with 480 points, Real Madrid defender Carlos ranked second with 85 points, a huge difference. Bogkamp and Zidane tied for third with 62 points.    In 1998, Zidane France Juventus France was historicly crowned World Cup champion in the country in 1998. Zidane, who scored two headers in the finals, naturally became the best of the year, scoring 518 points, World Cup Golden BallThe award Ronaldo scored 164 points, missed the three consecutive players of World Football, Real Madrid killer Su Ke 108 points ranked third.    In 1999, Rivaldo Barcelona won the double crown in 1999. Rivaldo succeeded Ronaldo and became the darling of Camp Nou. In the same year, he also led the Brazil team to win the Copa America and tied with Ronaldo as the top scorer in the Copa America.Naturally crowned the best of the year with 543 points, led Beckham of Manchester United to win the triple crown, followed by 194 points, Batistuta ranked third with 79 points.    In 2000, Zidane, France Juventus, Zidane led the French team to complete the historic World Cup and European Cup double crown, Qi Zu is naturally the best player of the year, but the European Cup performance eye-catching Figo, thenHe also scored a high score of 329 points, surpassing Qizu’s 370 points and Rivaldo’s 263 points, replacing the consecutive scores.    In 2001, Figo retired from Portugal Real Madrid Figo a year ago, regretting that he moved from Barcelona to Real Madrid to win the reset exposure. At the same time, he also led the Galaxy fleet to the La Liga championship in 2001, plus the remaining European Cup 2000With the superstar effect, the Portuguese players finally won the first World Footballer.Beckham’s 238 points, not far from Figo’s 250 points, the third place is 96 points, another Real Madrid ace Raul.    In 2002, Ronaldo Brazil, Real Madrid, Korea, Japan and World Cup Brazil won five gold cups. The Ronaldo King, who was seriously injured, returned and took off the World Cup golden boots with 8 goals. In the end, he scored twice to rule the game.In the summer of that year, Da Luo moved to Real Madrid, and at the end of the year, he successfully became a double winner of the Golden Globe and World Football.World Cup Golden Globe winner Kahn, 171 points lost to Ronaldo’s 387 points, became the highest ranked goalkeeper in the history of Mr. FIFA, Zidane, who immediately won the Champions League championship after transferring to Real Madrid, ranked third with 148 points.    In 2003, Zidane Zidane, who won the Champions League trophy one year before but missed the World Football Championship, was compensated one year later. In 2003, Real Madrid also won the La Liga title, which is also the last time Zizou won the league title.Behind Qi Zu with 264 points was Henry, a 200-point national teammate, and Ronaldo with 176 points.    In 2004, Ronaldo Ronaldo, Brazil, Ronaldinho, after joining Barcelona, quickly conquered the world’s fans. In the 2003-04 season, he led the Red and Blue teams to 18 points, reversing Real Madrid and winning the La Liga runner-up. The 2004-05 season started with La Liga and led the way.Mr.The gun king Henry regretted that he missed the supreme honor. At that time, he led Arsenal to historically dominate the Premier League with an undefeated record, but the European Cup was disappointed and made it miss the sample. 552 points lost to Ronaldinho’s 620 points, and the third was 253.Shevchenko assigned.    Ronaldinho Ronaldo, Brazil, Ronaldinho, Brazil, helped Barcelona win the La Liga title for the first time in 2005 and won the Spanish Super Cup, which successfully won the World Footballer and won a surprisingly high vote of 956 points, followed by the new Premier League champion Chelsea’s core Lampard, 306 points, Eto’o 190 points ranked third.    In 2006, Cannavaro Real Italy won the German World Cup with a dark horse. Captain Cannavaro swept the awards ceremony of the two major men at the end of the year. If Mattus, who kicked the scavenger late in his career, was not considered a defenderIn other words, the current coach of Tianjin Quanjian is also the only defender to overcome today’s World Footballer Award.After the Italian with 489 points, Zidane, the 454-point World Cup Golden Globe winner, had a very small gap. Ronaldinho, with 380 points, replaced three consecutive championships.    In 2007, Kaka Brazil AC Milan AC Milan won the Champions League trophy after an interval of 4 years, Kika, a pillar of the sky, easily took over the two major moments at the end of the year, which also made up for the regrets of the red and black senior Shevchenko, and the Ukrainian nuclear warhead won goldThe award, but never won the title of Mr. World Football.Kaka with 1047 points doubled Messi with 504 points and Ronaldo scored 426 points.    In 2008, Ronaldo Portugal Manchester United C Ronaldo led Manchester United to complete two consecutive Premier League championships in 2008. At the same time, he won the Champions League Big Ear Cup and the World Club Cup. He also won the European Golden Boot Award that year, so he easily won first with 935 points.World Footballer, Messi scored 678 points, staying in the second place, and the European Cup final lore player Torres scored 203 points over Kakalie third.    In 2009, Messi Argentina, Argentina, Barcelona, Messi and Guardiola led Barcelona to an unprecedented six-time champion in 2009. The Argentine certainly did not have any conflicts. The first to win the world footballer, some of the 1073 points also created a vote.Historical record.Cristiano Ronaldo, who just transferred to Real Madrid, scored 352 points, Harvey 196 points, and Kaka ranked third with 6 points.    In 2016, Cristiano Ronaldo Real Madrid returned to the World Football Team after seven years of restoration. Cristiano Ronaldo scored 34.54% support rate was elected. In 2016, he won the Champions League and the European Cup two championship titles, easily won the Golden Globe and FIFA.Messi scored 26.42% support rate ranks second, pressing 7.Gretzman with a 53% approval rating.

Lijiang shares lost 21.46 million in the first quarter, and Shambhala Moonlight City trial operation in the second half of the year

Lijiang shares lost 21.46 million in the first quarter, and Shambhala Moonlight City trial operation in the second half of the year
On April 26, Lijiang Yulong Tourism Co., Ltd. (hereinafter referred to as “Lijiang Shares”) released the first quarter report of 2020.According to the report’s average value, Lijiang shares achieved revenue of 41.4 million yuan, an annual extension of 67.77%; realized net profit -2145.920,000 yuan, at least 160 a year.76%, from profit to loss.According to the statistics of the annual report in recent years, the revenue in the first quarter of each year accounts for about 20% of Lijiang ‘s total revenue.However, in response to the new Coronary Pneumonia epidemic, the Jade Dragon Snow Mountain Scenic Spot was closed from January 25, and the Impression Lijiang Performing Arts Project affiliated to Lijiang Corporation was suspended on January 24.Long Yue’s catering and other businesses were suspended on January 25.From January 25th to January 30th, hotels under Lijiang Co., Ltd. also announced their closure.Affected by the closure of attractions and hotels, Lijiang’s performance indicators fell in the first quarter of 2020.In addition to revenue and net profit, the reported net cash flow from the merger of Lijiang ‘s operating activities was -67.260,000, at least 102 per year.03%; deduction of non-net profit -2251.150,000 yuan, a ten-year average of -166.9%, from profit to loss.Lijiang said that it will actively formulate corresponding marketing policies based on the development of the epidemic situation and market recovery, promote the progress of project construction, accelerate the research of development projects, gradually replace, and gradually break through the impact of the epidemic on the company.At present, Lijiang Co., Ltd. has resumed the orderly reception of tourists according to the type and nature of the business from February 20th; the Shambhala Moonlight City project is basically completed, and it is expected to trial operation in the second half of 2020.Sauna, Ye Wang Zheng Yijia editor Wang Sheng boys’ school on Zhai Yongjun picture Lijiang shares official website screenshot

Goodix Technology (603160): Under-screen optical quantity exceeds expectations and raises expected profit forecast

Goodix 北京桑拿体验网 Technology (603160): Under-screen optical quantity exceeds expectations and raises expected profit forecast

Performance Preview Forecasts 1H19 Profit Increase Over 715% We Were Expecting Huiding Technology’s 1H19 Net Profit Increase Between 715% -750%, Mainly Because 1) The Volume of Optical Volume Under the Screen in the Second Quarter Exceeded Our Expectations, 2) The Price Is Relatively Largestrong.

At the same time, we raised our long-term revenue and net profit forecasts by 15% and 24% to 73 trillion and 19 trillion.

We raise our target price by 3% to 150.

00 yuan, maintain outperform industry rating.

  Focus on 2Q19 screen optical fingerprint size and unit price exceeded expectations: According to our industry chain research, although the uncertainty of Huawei’s event has disturbed the industry chain, it has 夜来香体验网 basically no impact on the company’s screen optical optics.Quarterly budget numbers complement our previous expectations.

At the same time, since there are no highly competitive competitors on the market, the price drop is expected to be lower than the previous quarter, and the mid-year single chip price should be more than $ 5.

In terms of consolidation, we believe that the net profit in the second quarter should be more than 500 million cents, and the profit in the first half of the year should increase by more than 715%.

  We are optimistic about the company’s strong competitiveness in the field of optics and raise its expected profit forecast: Although considering that major brands will gradually launch new models in the second half of the year, from the perspective of supply chain security, some mergers will date for two.

We are optimistic about the company’s strong R & D capabilities and product quality in the field of under-screen optics. Increasing supply-side competition will increase the pressure on unit prices.To 4.6 billion yuan.

  Long-term attention to the development of the “safety + connection” strategy: in the long run, we believe that companies need to subdivide a single product, and the short product life cycle caused by a single application results in large changes in profitability.

The company is currently actively deploying connectivity and optical related products in addition to sensor chips in smartphone applications.

In the field of non-smart phones, the company will actively expand the Internet of Things market and launch different products in the three units of processing, sensing, and connection.

At the Global Bluetooth Chip Conference at the end of May, the company officially announced its entry into the Bluetooth chip market and launched a high-performance, low-power system-level chip GR551x, which can be widely used in wearable devices.

We recommend that investors keep an eye on the expansion of the company’s new circuit.

  Estimates and recommendations Taking into account the company’s favorable optical quantification and unit price under the screen, we will gradually increase revenue and net profit by 15% and 24% in 2019 to $ 7.3 billion and $ 1.9 billion.

Companies currently generally correspond to 35.

5x 2019 P / E, we raise our target price by 3% to 150.

00 yuan, corresponding to 36.

3 times 2019 P / E ratio, maintain outperform industry rating, compared to at least 2 at present.

1% upside.

  The volume of risk smartphones has been significantly reduced.

Yasui Food (603345): Catering track with high prosperity, three swords, leading growth

Yasui Food (603345): Catering track with high prosperity, three swords, leading growth

The catering track is growing fast, the standardization of quick-frozen hot pot materials is high, and the quick-frozen rice noodle products are in the blue ocean.

The total annual retail sales of the catering industry in 2018 was 4.

27 trillion, an increase of 9 previously.

5%, including meals and food ingredients scale 1.

7 trillion, quick-frozen food is an important component of food ingredients, with a growth rate of 15%. The driving factors are the chain of catering, the development of takeaway platforms, and the increase in labor costs.

Supply chain efficiency, first-mover advantage, and scale advantage build high barriers to quick-frozen food channels.

In terms of categories, because the production process is relatively simple and the number of categories is relatively long, the standardization of quick-frozen hot pot materials is higher than that of quick-frozen rice noodle products (except traditional dumplings, dumplings, etc., the same below); the current quick-frozen hot pot materials are in the industry reshuffle period, and quick-freezingThe period from the rapid development of rice noodle products to the channel. It is expected that in the early stage of development, Anjing Food’s business strategy will change from “hot pot materials products supplemented by noodle products” to “three swords combined”, which coincides with the development stage of the industry. The nature of the product determinesThe company always adheres to the small B-based catering channel to maximize performance. Under the “correct” strategic goal, 北京夜网 the company has high barriers and has great room for future growth.

Yasui Foods: a practical leader, high-quality, stable and loyal distributors are the core competitiveness.

Anjing’s senior officials previously held shares to realize the full integration of employees and the company’s interests. At the same time, senior leaders served the company in the early stages of the company’s development, continued trial and error, and enlarged the size of Anjing step by step.

In the process of development, Anjing has accumulated a large number of high-quality and stable dealer resources. Because dealer resources are scarce, and Anjing has strong service power and high channel profits to achieve high dealer loyalty, so dealer resources are also Anjing.One of the core competitiveness.

Large single products contribute the main force of revenue growth, and the expansion of production capacity provides a strong guarantee.

The company’s product strength has been verified, and the “big single product” success probability under the “follow strategy” is higher.

Historically, the company’s large single product revenue accounted for more than 30% of the company’s total revenue, and the growth of large single product sales contributed about 50% of revenue growth. Since 2018, the company has launched many new products (Mr. Frozen, MaruyukiZun, lock fresh), is expected to drive revenue growth in the next few years, at the same time, according to the company’s plan, the compound growth rate of production capacity in 2018-202613.

0% is a strong guarantee for later income growth.

The company has strong independent adjustment ability, and its market share has increased during the cycle of rising costs.

Historically, in the face of cost fluctuations, the company’s net interest rate has remained relatively stable. Behind it is the company as an industry leader. It has upstream and downstream bargaining power and channel control. The cost has risen. We expect the company’s profitability to be stable and its market share or accelerationEnhancement: 1) The company maintains a stable net interest rate by adjusting the ratio of raw materials, raising prices, and reducing sales (history has been verified); 2) Price increases + new products in 2019 to accelerate revenue; 3) Pressure on industry profitability, YasuiThe advantages of food channels, the level of the industrial chain, product power, and production capacity are more obvious, and the market share is accelerated.

Investment suggestion: quick-to-frozen food toB end track is good, fast growth, Yasui’s combat-type framework, high quality, stable and loyal dealer resources are its core competitiveness.

Considering the apportioned expenses, the company’s EPS for 2019-2021 is expected to be 1.



12 yuan, excluding amortization costs, the company’s EPS for 2019-2021 is expected to be 1.


76, 2.

14 yuan, we use the profit forecast without considering the cost of the booth to estimate, with reference to the valuation of comparable companies, give 42 times PE in 2020, 6-month target price of 73.

81 yuan, the first coverage given a “buy-A” rating.

Risk reminders: sharp rise in costs, reduction of holdings by controlling shareholders, food safety accidents, production capacity progress is less than expected

Li Keqiang inspects the three major banks and proposes comprehensive reductions in fiscal and monetary policies.

Li Keqiang inspects the three major banks and proposes comprehensive reductions in fiscal and monetary policies.


The overall reduction of standards is coming. Li Keqiang inspected three conventional lines, and mentioned that the overall reduction of standards, the amount of cross-section information is huge, and the double expansion of fiscal + monetary policy can be expected. Source: Securities Times website According to the Chinese government 武汉桑拿 website, the beginning of the new year 2019,On January 4, Premier Li Keqiang inspected the Inclusive Finance Department of Bank of China, Industrial and Commercial Bank of China and China Construction Bank successively, and hosted a forum at the China Banking Regulatory Commission.

The Prime Minister, we must strengthen the counter-cyclical adjustment of macroeconomic policies, further take measures to reduce taxes and fees, make good use of overall reductions, and use targeted reduction tools to support the financing of private enterprises and small and micro enterprises.

  Although the official news is only a few crosses, the amount of information disclosed is very large: reorganization. At the beginning of the new year, Li Keqiang visited the on-site bank one after another. The schedule was very tight. The core content of the talk was greater counter-cyclical adjustment.Support for private enterprises and small and micro financing, which shows that high-level executives are paying close attention to the steady economic growth of this year and the improvement of corporate financing environment.In particular, there are a few rare proposals for “full-scale reductions”, and often too many analysts have proposed that they should be fully reduced before spring.

Li Keqiang’s proposal for a comprehensive RRR cut is a formal exposure to the market outlook.

It is foreseeable that a full-scale reduction will come soon, which is a matter of course for the motherboard!

  The significance of the famous inclusive financial development and the responsibilities of the big bank. In addition to the inspections of the head offices of the three major state-owned banks of the Bank of China, ICBC and CCB, Li Keqiang also hosted a forum held by the CBRC.

At the meeting, Li Keqiang proposed to strengthen the counter-cyclical adjustment of macroeconomic policies, further take measures to reduce taxes and fees, make good use of comprehensive standards reduction, targeted reduction tools, and support the financing of private enterprises and small and micro enterprises.

  The above-mentioned speech is in the same vein as the work deployed by the preliminary Central Economic Work Conference in mid-December last year.

The Central Economic Work Conference proposed that in 2019, we must strengthen counter-cyclical adjustments, continue to implement proactive fiscal policies and stable monetary policies, make timely adjustments and fine-tuning to stabilize overall demand, and promote larger tax cuts, more obvious fee reductions, and effective measures.Alleviate the difficulty of financing, which is difficult and expensive.

  Daxing has been known as a “head goose” in the development of inclusive finance through its large size and wide network of outlets.

Since last year, conventional big banks have introduced specific policy adjustments to support the development of private enterprises. They have stated that they must spend more loan quotas on private enterprises, small and micro enterprises, and simplify the approval process for private enterprises and small and micro loans. Among them, in recent years, due to the construction bankIt has made great efforts in inclusive finance. Last year, it also became the only bank among the four major banks to enjoy the second-tier preferential reduction (150bp reduction) of inclusive finance.

  However, in order to further stimulate the enthusiasm of banks to invest in inclusive finance, we have just announced this week that we will adjust the inclusive financial assessment standards for small and micro enterprises.Yuan “, adjusted to” single household credit is less than 10 million yuan. ”

This is not only equivalent to expanding the coverage of preferential financial reduction policies for inclusive finance, but also enabling some banks that have already enjoyed preferential reduction policies to increase the degree of preferential treatment.

  For example, according to the budget, after the adjustment of the assessment and nuclear standards, in addition to the Construction Bank, the other three major state-owned banks will also meet the requirement of a 150bp discount file; gradually, some stock banks and other small and medium-sized banks are also expected to meet this requirement. It is expected thatRelease about 700-800 billion liquidity.

  Responding to market calls for a full-scale reduction has come to extend the adjustment of the content of the inclusive financial assessment of targeted reductions, which is called “preheating” of the reduction.

Recently, there are too many analysts in the market. Due to the huge gap in the base currency before the Spring Festival, once it is necessary to implement a comprehensive RRR cut.

Today, Li Keqiang specifically aimed at reducing the overall level, which is equivalent to a positive response to the market prospects. It is foreseeable that there will be a round of overall level reduction soon.

  In fact, the market may have “smelled”
the pre-expanded full-scale reduction. Affected by this good news, the A-shares performed well today, with the Shanghai Composite Index gaining for half a day.

81% regained 2500 points. The Shenzhen Stock Exchange Index, ChiNext, etc. all rose over 2%. Among them, brokerage stocks led a strong rebound. Zhongyuan Securities, Tianfeng Securities, Nanjing Securities, Great Wall Securities and other collective daily limits.

  According to the calculation of Qu Chuang’s team at Huachuang Securities, the base currency will still be 4 trillion -4 before the Spring Festival this year.

The gap of 5 trillion US dollars requires the use of monetary policy tools for hedging in advance, and gradually adopting a combination of CRA, MLF, large-scale reverse repurchase in the open market, and even lowering the level of the basic currency to calm down capital fluctuations.

  Guotai Junan’s macro research team believes that China ‘s PMI fell below the line of honor for the first time in 29 months in December, reflecting further downward pressure on the economy. PMI data reflects that the government is maintaining economic stability through infrastructure construction.The budget of the Standing Committee of the National People’s Congress authorized some advances to add local government debt restrictions. Under the pressure of local debt resolution and repayment, infrastructure rebound will be helped to some extent.

The increase in the supply of government bonds has impacted market liquidity and is expected to be fully reduced by 100 basis points to hedge in January.

  ”But what the experts want is that no matter what monetary policy tools are used, the base currency issuance before the Spring Festival is still hedging, which does not mean that the tone of monetary policy has shifted to loose.

“Qichuang team of Huachuang Securities said.

  Stable growth is imminent. Both fiscal and monetary policies are expanding. Li Keqiang focused on this inspection. It is necessary to strengthen the counter-cyclical adjustment of macroeconomic policies, increase tax and fee reduction measures, make good use of comprehensive reductions, target reductions, and support private enterprises.And small and micro enterprises financing.
  It can be polished. In the face of the current pressure of stable economic growth, fiscal and monetary policies will intensify 夜来香体验网 counter-cyclical adjustments. This will be the main theme of this year’s macro policy.

  So, how to understand the counter-cyclical adjustment of fiscal + monetary policy?

  Yu Yongding, a member of the Chinese Academy of Social Sciences, recently pointed out in an interview with China Business News that China’s immediate problem is that the gradual system of economic growth will further reduce and replace it. It is necessary for China to implement an expansionary fiscal policy, supplemented by a moderately loose monetary policy.

  ”Although China faces huge challenges, economic restructuring, economic restructuring, and prevention of financial risks, including real estate bubbles, excessive corporate leverage, shadow banking risks, and local financing platform defaults, the most pressing issue is the continued economic growthdecline.

Yu Yongding said that China’s experience over the past 40 years has proven that without a certain economic growth rate, all problems will worsen, because most economic and financial problems are based on the economic growth rate as the denominator.

Without a certain rate of economic growth, long-term issues such as structural adjustment and economic system reform cannot be discussed.

It must now be recognized that the continued decline in economic growth may be the biggest risk facing China.

  In terms of fiscal policy, the Central Economic Work Conference also proposed that positive fiscal policies should be strengthened to improve efficiency, implement larger scale tax and fee reductions, and expand the scope to increase the scale of local government special bonds.

  Therefore, in terms of monetary policy, Yu Yongding believes that one of its important policy goals next year is to “escort” the expansionary fiscal policy.

  ”In addition to achieving growth and price targets, in order to cooperate with the Ministry of Finance’s issuance of expanded government bonds, China’s transition should also adopt a more expanded monetary policy.

For the time being, China should not reduce its money supply simply by increasing the real estate bubble.China’s CPI is currently about 2%, and the economic growth rate has continued. The situation of these two indicators should introduce a gradually expanding monetary policy.

Yu Yongding said.

  The traditional view is that long-term injection of too much liquidity into the economy is the culprit of the real estate bubble.

But Yu Yuding believes that this view may only be partially correct.

In fact, interest rate growth in house prices occurred long before accumulated credit was loosened.

The rise and fall of China’s house prices is expected, and it is difficult to determine the causal relationship between money supply and house prices.

There is every reason to believe that the real cause-effect relationship is that the rise in house prices leads to an increase in the money supply.

Rising house prices will recapture a large amount of funds that were originally circulated in the real economy and re-circulate in the capital market.

Therefore, the long-term need to increase the money supply to meet the liquidity needs of the real economy.

  The China Democracy Party ‘s Deputy Director Mingming Democracy also stated that the Central Political Bureau Conference and the Central Economic Work Conference at the end of last year both released high-level consciousness of worry and sound economic signals for 2019.Will continue.

The path of stable growth is also very important. Specifically, it is divided into two, one is to relax real estate, the other is to increase infrastructure, and the third is to reduce taxes.

In fact, there are some differences between these three paths. Because tax reductions will inevitably lead to fiscal revenue reductions to curb infrastructure, and whether certain loose land will be introduced in conjunction with real estate taxes, the effect of hedging tax reductions will be reduced.

We think that from the urgency of the policy, stable infrastructure is the best choice, and stable infrastructure needs to resolve government debt, so it requires loose currency to increase the market, and then market interest rates reduce the downside.Expectations are too consistent and there is a possibility of adjustment; meanwhile, the expectation of infrastructure improvement will also support the stock market.

China Construction Bank (601939) First Quarter Report 2019: PPOP’s steady growth in income growth rebounded significantly

China Construction Bank (601939) First Quarter Report 2019: PPOP’s steady growth in income growth rebounded significantly


The event company released its financial report for the first quarter of 2019.


Our analysis and judgment 1) PPOP growth8.

29%, solid performance growth in the first quarter of 2019, the company achieved operating income of 1870.

66 ppm, a 10-year increase3.

31%; net profit attributable to mother 769.

16 ppm, a ten-year increase4.

20%; operating profit before provision (PPOP) 1393.

$ 6.5 billion, an annual increase of 8.

29%; ROA is 1.

31%, a decline of 0 per year.

01 average, ROE is 15.

90%, decrease by 1 every year.

15 averages; basic EPS is 0.

31 yuan, an annual increase of 3.


Overall, the company’s performance has achieved steady growth.

2) The size of deposits and loans grew steadily, and the net interest margin narrowed slightly in the first quarter of 2019. The company’s net interest margin was 2.

29%, a decrease of 6BP per year; net interest income of 1,250.

75 ppm, an increase of 4 per year.


From the asset side, as of the end of the first quarter of 2019, the Group has issued a total of 13 net loans and advances.

78 trillion, an increase of 3 from the end of last year.

13%, accounting for 56% of total assets.

98%, a decrease of 0 from the end of 2018.

57 units.

From the perspective of the Bank of China Construction Bank, internal personal retail loans accounted for 45% of loans and advances.

54%, an increase of 0 from the end of 2018.

16 units.

On the debt side, in the first quarter of 2019, the group incrementally absorbed deposits 18.

05 trillion yuan, an annual increase of 5.

52%, accounting for 81% of total debt.

61%, an increase of 1 from the end of 2018.

03 singles.

From the perspective of the Bank of China Construction Bank, the proportion of domestic demand deposits is 53.

51%, a decrease of 0 from the end of 2018.
82 units.
3) The growth rate of intermediate business rebounded, and investment income improved significantly. The growth rate of company’s net fee and commission income increased significantly.

In the first quarter of 2019, the company realized 430 program fees and commission income.

29 ppm, an increase of 13 years.


The company actively optimizes its products, expands its customers, grasps the market potential, promotes the development of key products, and achieves rapid growth in bank card, e-banking, and agency business income.

Investment income and gains from changes in fair value have improved significantly.

In 2019, the company realized investment income of 48.

86 ppm, an increase of 106 in ten years.

77%, initially issued asset-backed securitization products for the company, the loan was derecognized and revenue has been generated; gains 南京桑拿网 from changes in fair value25.

50 ppm, an increase of 128 in ten years.

70%, initially for the first quarter, the company’s holdings of funds and stocks increased in fair value.

4) The asset quality is good and the provision coverage ratio is improved. The company’s asset quality is good and the non-performing loan ratio continues to remain low in the market.

As of the end of the first quarter of 2019, the company’s non-performing loan balance was 2074.

6.3 billion, an increase of 65 over the end of last year.

820,000 yuan, NPL ratio 1.

46%, unchanged from the previous year.

The company’s provision covers 214.

23%, an increase of 5 from 2018.

With an average of 86, provision coverage has been improved steadily and healthily, and risk resistance has been further enhanced.


Investment suggestions The company’s performance has maintained steady 北京夜生活网 growth, the optimization of its asset and liability structure has promoted a steady increase in net interest margin, and the growth rate of intermediate business income has picked up.

The company’s asset quality is good, the non-performing loan ratio has remained low in the market, the provision coverage ratio has increased, and its ability to resist risks has increased.

Based on the company’s fundamentals and sustainable resilience, we give a “recommended” rating, EPS 1 for 2019-2020.


10 yuan, corresponding to 2019-2020 PE6.

81X / 6.

50 times.


Risks indicate the risk of deterioration in asset quality.

Summer infants and pregnant mothers should eat peach carefully

Summer infants and pregnant mothers should eat peach carefully

Now is the season to eat peaches. Is the delicious juicy peach suitable for all ages?

  Four types of people want to eat less or not eat peaches1.

People who are usually hot inside and prone to ulcers should not eat more.


It is best not to feed peaches to infants and young children, because peaches contain a large number of macromolecular substances, infants and young children have poor gastrointestinal dialysis ability, cannot digest these substances, and easily cause allergic reactions.


Patients with multiple illnesses and weak bodies and those with too weak gastrointestinal function should not eat it, because it will increase the burden on the stomach.


People who eat peach can cause allergies, of course, have to resist the temptation.

  Obviously, it is best not to eat peaches that are not fully ripe, as they can cause bloating or diarrhea.

So how to eat peaches healthy?

  Before eating, you can rub the skin of the peach directly with salt and then rinse it with water to remove the peach hair relatively cleanly.

In addition, if the peach is just picked from the tree, it is best to let it eat for a long time, and it is better to wait for the summer heat to dissipate.

It is best not to eat peaches that are not fully ripe. Eating them can cause bloating or diarrhea.
  ”When you eat peach, you have allergies again. When the symptoms are mild at first, sometimes the corners of your mouth become red, peeling, and itching. At this time, parents should stop their children from eating and wash their faces and hands.

If your child’s symptoms are more serious, some lips, lips, lips, perioral, ears, large erythema may appear, and even slight edema, you should be aware that severe cases may even cause diarrhea.


  Make some green tea, put some salt in it, and wash the allergic area with hot tea.

Then dry it with a dry towel, and then apply Liuyi scattered.

If the symptoms are serious, you can change Liuyi San to Wuji cream.

If there is edema on the surface, apply some ice yellow skin cream.

  Symptoms are mild. Apply twice a day. Symptoms are severe and can be applied three times.

Thoroughly cooperate with some heat-clearing and detoxifying drugs, such as honeysuckle and chlorpheniramine.

If your skin is edema, you can usually eat more radish and drink more water.

  If you have diarrhea as soon as you eat peach, some people can take some medicine for summer heat, like Huoxiangzhengqi water or Huoxiangzhengqi capsules.

But if the symptoms are particularly serious, you should go to the hospital.

  In addition, although peach kernels have the effect of breaking blood, stasis, and bowel movements, but peach kernels contain volatile oil and a large amount of small amount of oil., Headache, dizziness, blurred vision, rapid heartbeat and other phenomena, severe cases can cause heartbeat to stop.

Especially pregnant women, not to eat.

Fruit can also increase your masculinity

Fruit can also increase your masculinity

When it comes to fruit, our general understanding is its weight loss and beauty benefits.

In fact, fruits can also treat sexual dysfunction and urinary tract infections.

  ▲ Litchi: Use 15-20 lychee kernels, and then add water to decoction after breaking, which can cure testicular swelling and pain.

  ▲ Lotus seeds: Take 15 grams of fresh lotus seeds (do not peel off the green small bud core in the center of the lotus seeds), decoction, and take with the lotus seeds. If you have too many dreams, you can also take 10 grams of fresh lotus seeds (with lotus heart) and put them on the riceAfter steaming, chew twice a day for two days.

  First, improve the quality of spermatozoa.

  Traditional Chinese medicine believes that sperm are scarce, and are mostly due to insufficient congenital endowment, or excessive damage to kidney essence by room labor, or chronic illness, qi and blood loss, wasted kidney energy sources, and fatigue, which eventually leads to deficiency of kidney essence and cost symptoms.

What is the absolute number of sperm? As long as it is caused by kidney deficiency, use aphrodisiac food to help improve it. Grapes: Take 250 grams of fresh grapes, peel them, and smash them, add an appropriate amount of warm water to drink, once or twice a day.Serving for two weeks can cure prostatitis and urination.

  ▲ Kiwi: 50 grams of fresh kiwi, smashed 250 ml of warm water (about 1 tea cup), mix and drink after mixing, can cure urination and pain after prostatitis.

  Second, there is also Viagra in the food.

  There are many foods in the daily diet that have a kidney and aphrodisiac effect. If you want your husband to be alive and well, and full of manliness, don’t stop it.

  ▲ Mango: take 10 grams of mango kernels, decoction after smashing, twice daily for two weeks, can cure insulin pillitis and retinal pill swelling and pain.

  ▲ Ginkgo: take 10 ginkgo biloba fruits, stir-fry them with shells and eat them with kernels. Take them twice a day for two consecutive weeks to cure excessive nocturnal emission.

  Third, the love medicated pot detonates the love spark.

  At the end of the year and at the end of the year, you may wish to try the medicinal diet “love pot” designed by Chinese medicine practitioners with you (he). Couples or couples can cook together. In addition to enjoying the sweetness of cooking together, they can also make women nourished.Yin and beauty, males replenish their aphrodisiac, replenish the explosive love ▲ Papaya: 250 grams of papaya, sliced and added to 1000 grams of rice wine or low-alcohol, soak for two weeks, use, about 15 ml each time, two dailySecond, even serving for two weeks, can cure kidney deficiency and premature ejaculation.

  ▲ Red dates: Red dates are good for blood and strong spirits. Red regular consumption can guide the function of nourishing blood, which has a good therapeutic effect on patients with premature ejaculation and impotence.

Fourth, male aphrodisiac tonic soup.

Men need to make up more.

But medicine is not as good as food, and soup is the most suitable supplement for men.

Male friends can choose different supplements according to their physical condition.

Let men regain the male virility ▲ Walnuts: Eat two to four times a day, which can be combined with kidney and blood replenishment. It can also help treat kidney stones and urinary stones, and can delay aging.

Very popular psychological test in Korea

Very popular psychological test in Korea

This test is very popular in Korea. It also started to be popular in domestic forum sites last year. It is included here mainly because its translation design is correct and has a certain degree of reliability. The accuracy rate is based on the responses to the tests. Rough statisticsAbout 50%.

Everyone can do this test after a meal or with a couple. During entertainment, there may be occasional uncertainties.

  What is the way you hold the coffee cup?

  (1) Holding the cup in one hand, holding the plate in one hand (2) Holding the handle with three fingers (3) Holding the handle with two fingers and spreading the other two fingers to hold the cup (4) Holding the handle with two fingers, the little finger is openOpen (5) Hold the cup with your whole hand Answer: (1) For serious people, the idea of marriage is equal to the idea of marriage (2) Your personality will follow your preferences to find the person you love (3) Love for lovePerson (4) you are a person with strong self-esteem and like to stimulate love (5) you seem to be able to meet each other, but actually are very subjective people

Why is your man derailed?

Why is your man derailed?

Five times when men are most likely to derail, there must be a reason for derailment, and it will focus on a few specific situations. In life, you do n’t want to stop paying attention and plan ahead.

  1. His career is facing ebb.

Frustrated men (especially middle-aged men), if they do not get enough comfort at home, or are prevented from embarrassing to talk to their wives and children at home, they may turn to look for tenderness outside.

  2. His career was suddenly successful.

Men get worse when they have money, sometimes it is the truth. Many men ‘s career is a little small, and they often faint, thinking that the world is all prepared for him.The pomp is full of face, with a “Xiaomi” around, to increase the proudness of the toes.

  3. Middle-aged couples lose their passion in life.

As the saying goes, marriage has a “seven-year itch”. The hit TV dramas such as “Ten Years of Marriage” and “Chinese-style Divorce” have raised this unavoidable problem. When work and life pressure have worn away the passion of marriage, The most instinctual way for men to save themselves is to derail, in an attempt to call back their passion with a fresh extramarital affair.

  4. Great changes have taken place in family life.

For example, the woman’s income suddenly rises higher than the man’s, there are financial problems in the family, old people move to live together, etc. These things that temporarily disturb the husband and wife’s balance of life may be the reason for the derailment of the man, driving him to seek out the correspondingPsychological compensation.

  5. When women are pregnant.

According to surveys, this is a high incidence of male extramarital affairs and derailment. Due to physiological reasons, couples cannot share the same room, and many women will soon shift most of their attention to children who will be born after pregnancy. Men will feel psychologically and physically lonely.There are men who want to go out and pick flowers for internal and external reasons.

  Six signs that a man may be derailed. However, in such an open social environment, lovers or couples with no deepest feelings cannot guarantee that he has enough energy to resist “color change”, but he cannot always be followed all dayAsk him, right?

Here are some details to help you determine if he is just about to move or is already spending money outside the house.

  One, his cell phone is always off recently.

He may explain that he is attending, seeing the client, etc. But, he did n’t have to meet before, and he did n’t see the client ‘s song. 9 This only shows that he may be with someone who ca n’t see the light, or he does n’t want to see you.I want to run away from you.

  Second, his tone of speech became a little provocative.

If he is having an affair, there will be a sense of guilt in his heart. Once you question his suspicious behavior, he is likely to knock him back. If you return this embarrassing situation to you, he may be forced to seize it.Richard asked back.

“Don’t you believe me?

“Or” You have a ghost in your heart 9 “The purpose of this answer is only possible. One is to cover up the inner panic and shortness of breath, and the other is to hope that you will be good-hearted and stop investigating.

So if a man asks such a question, you must be more alert.

  Third, he no longer plans with you.

He no longer talks to you about where to go on the weekend, and no longer plans to buy anything at home.

First of all, when you want to arrange your recent life with him, he either pretends to be coughing and shifts the topic or is unwilling to make a clear statement.

If he is in a situation outside, and his time is too long to be autonomous, then he may have such a situation.

  Fourth, always want to figure out the rules of your life.

If he is having an affair, he needs to know where you are and what you are doing every time. He will try to narrow your activities and your circle of friends, so as not to be on the street one day, you will be “threesome”Great collision.

Or, he will figure out the rules of your life in detail, and use these to make up excuses for not being with you.

  Fifth, his buddies and colleagues have seen you strangely recently.

If he has a private relationship outside, it is possible that his colleagues and buddies have already spread the word, and you are the last person to know.

Maybe they won’t tell you clearly, but they look at your eyes and whisper and point behind them, they will definitely reveal some clues.

Therefore, this is also one of the basis for your judgment.

  Sixth, he hasn’t lived with you as a husband and wife for a long time.

He has an emotional distance from you. Naturally, you can no longer stimulate his enthusiasm. At the same time, it also shows that he may have other “places” to meet the needs, and you have nothing to do with him.

  Above six, if your man meets three of them, then at least it means that your emotional communication has been hindered, and you have to be more careful with him; if you meet four, it means that your marriage has cracked, even if he is not derailedYou also need to be vigilant. If more than five articles are met, then he must be in a “situation”. Please take action immediately.