[How to heat cold crab]_How to heat_Save

[How to heat cold crab]_How to heat_Save

When eating steamed crabs, if you have not eaten them, if the crabs have not deteriorated, you can reheat the crabs at this time and then eat them. When heating up, you should know some precautions, because the bacteria breeding speed after the crabs are cold isVery fast, especially the shell on the surface of the crab, so when heating, it is best to cook with water, make sure to cook thoroughly.

How to cool the crabs? If the crabs are cold and then eat again, it is best to cook them so that the bacteria on the surface of the crabs can be washed away. Therefore, the crab soup should be reduced and not wasted.

Another way is to steam the crabs in a pressure cooker once to ensure that all bacteria are killed.

Can hairy crabs be eaten when they are cold and hot? If the crabs are well preserved, they can be eaten when they are cold and hot.

Hairy crabs are a kind of food that can’t be consumed too much at a time, so hairy crabs are not easy to eat. If you do n’t finish a meal, if you keep it well, you can still eat it next time.

How to keep the hairy crabs cooked? If the hairy crabs are not cooked, you can store them in the refrigerator.

Dry the unfinished hairy crabs, dry them, and then wrap them in plastic wrap and put them in the refrigerator to store them. It is not easy to breed bacteria and is not easy to be deteriorated by heat. Therefore, it can be stored for about 1 or 2 days.

How long can the hairy crabs be hot and eatable? The hairy crabs can be eaten for 20 minutes after they are cold.

Although the temperature of hairy crabs is reduced after being put in the refrigerator, there is still some bacteria breeding, and there is still the cold air in the refrigerator, so it must be completely hot through before eating. The heat for about 20 minutes can ensure that the bacteria are completely killed and the refrigerator is removed.The cold air in the.

What if the hairy crabs are cold and eat directly? Some people with better constitutions or people with hot air have no influence on eating hairy crabs in the refrigerator. There is nothing inappropriate, but the cold air in the body will increase.Not good for your physique.

People with weak diarrhea or those who are physically cold can directly consume the hairy crabs in the refrigerator, which will cause coldness in the spleen and stomach, and prone to diarrhea and diarrhea.

[Cumin Stir-Fried Enoki Mushroom]_ Stir-Fried Vegetables _ Steps

[Cumin Stir-Fried Enoki Mushroom]_ Stir-Fried Vegetables _ Steps

Flammulina velutipes, as a fungal plant, can show its good taste no matter how it is made.

Especially when eating hot pot or hot and spicy, Flammulina velutipes has become an indispensable role.

And in some families, they also like to buy Flammulina velutipes to make some scales. In fact, Flammulina velutipes can also be grilled, such as adding cumin to make cuminous Flammulina velutipes.

Those who like to eat enoki mushrooms, don’t miss the practice of cumin fried enoki mushrooms.

Ingredients for cumin enoki mushroom enoki mushroom cumin powder soy sauce salt method 1.

Enoki mushrooms are washed and controlled.


Open the frying pan without adding oil, medium and low heat. After heating, add the enoki mushrooms and stir-fry, fry the enoki mushroom juice and simmer, and serve it for use (so that the enoki mushrooms won’t be water-fried).


Stir the enoki mushrooms first with an appropriate amount of cumin powder. This will make it easier to fry more N and make it more delicious.


Put a moderate amount of oil in the pan, then pour the mixed enoki mushrooms into the pan and stir fry quickly.


Then add the right amount of salt and soy sauce and stir fry.


Finally, add an appropriate amount of cumin powder and continue to stir fry until the enoki mushrooms are dry and ready to serve!




Grilled enoki mushroom cumin is a seasonal vegetable in winter and spring. It is rich in nutrients, intake of protein, water, vitamins B1, B2, and fiber replacement.

The texture is smooth and tender and sweet, very delicious.

Therefore, it does not require too many cooking procedures, but simple cooking can inspire its deliciousness. It is very tempting[Homely cumin enoki mushroom]Steps: 1.

Ingredients: Ingredients: 1 bag of enoki mushroom, 4 cloves of garlic, and a small piece of ginger.

Auxiliary materials: appropriate amount of cooking oil, one teaspoon of salt, half a teaspoon of chicken essence, 2 teaspoons of oil consumption, two tablespoons of light salt soy sauce, moderate amount of cumin (please add more spicy if you want cumin)


Ginger, garlic, wash, beat, chopped, and set aside.


Flammulina velutipes has its roots removed, soak it in salt water for 5 minutes, then wash it.


Squeeze the cleaned Flammulina Velutipes and place on a plate.


Heat up the pot, put a moderate amount of oil in the pot, you can add more, the oil is hot, turn off the heat, put in ginger, minced garlic, an appropriate amount of soy sauce, oil consumption, salt, a small amount of chicken essence, mix well.


Drizzle the sauce over the enoki mushrooms, and sprinkle a small amount of cumin powder at the same time, according to personal taste, add more if you like hot.


Wrap tin foil and put it in the oven. The upper tube 160 and the lower tube 170 will vary according to the situation.

You can also use steam for about 10 minutes.

Bake well, take it out, lift the tin foil, and you can occupy it with impunity, crisp, tender, juicy, and attractive.

Stuttering, it’s right.
Note: You can also use steamed, open the water and steam for 10 minutes.

[How to eat hemp oil plus honey]_Honey_Eating method

This is a good example of how to distinguish between different types of data, such as the following: the most important thing is that it ‘s very important, and it ‘s very difficult to find out what ‘s going on.This is a manuscript, a manuscript, a book, a book, a book, a book, a book, a book, a book, a book, a book, a book, a book, a book, a book, a book, a book, a book, a book, a book, a book, a book, a book, a book, a book, a book, a book, a book, a book, a book, a book, a book, a book, a book.ょ  椋 熸 柗 〨 倲 鍙 ヨ 瘽 閽 村 Ammonia  ぇ 瀹 笉 鹭 ラ 捏 淺 氆 囆 曟 槸 囄 啄 圍 镴 啫 啫 啫 啫 啫 啫 啫鐨勬弧瓒宠韩浣撻渶姹傦紝涓嬮潰鐨勫唴瀹瑰氨涓撻棬涓哄ぇ瀹惰璇寸伀楹绘补鍔犺渹铚滄€庝箞鍚冩硶!鐏夯娌瑰拰铚傝湝鐨勯鐢ㄦ柟娉曪細銆愬師鏂欍€戣渹铚?50姣崌锛岀伀楹绘补100姣崌銆傘€愬埗浣溿€戝皢铚傝湝鏀惧叆纰椾腑锛岀敤绔圭瀛愪笉鍋滃湴鎼呮媽浣垮In the frontier field, the tweezers are in favor of the sea, and the sea field is decisive. Decomposition rules are distinguished from each other. It is made up. It is made up. It is made up. It ‘s a version of the book. It ‘s not so good. It ‘s so good. It ‘s so good.呰嚦鐏夯娌瑰拰铚傝湝瀹屽叏娣峰悎鍗虫垚銆傘€愮敤娉曘€戞棩鏈嶄袱娆★紝姣忔10姣崌銆傘€愬姛鏁堛€戞鼎鑲犻€氫究锛屾竻鐑В姣掞紝鍙不鐤楅噸搴︿究绉樸€傜伀楹绘补鐨勫姛鏁?銆佹竻闄よ嚜鐢卞熀锛屽尰瀛︾爺绌舵寚鍑猴細浜虹被鍦ㄦ瀬绔笉鑹儏缁笅锛屽鎰ゆ€掋€佺揣寮犮€佹亹鎯х瓑锛屼細浜х敓鑷敱鍩恒€傜幇浠g敓娲讳腑锛岀传澶栫嚎銆乆灏勭嚎銆佺數纾佹尝銆佽嚧鐧岀墿璐ㄣ€侀厭绮俱€佷竴浜涜嵂鐗╁拰姹℃煋鐗╄川绛変篃浼氬鑷磋嚜鐢卞熀鐨勪骇鐢熴€傝嚜鐢卞熀鍙互寮曞彂70澶氱鐤剧梾锛屽叾涓寘鎷垜浠父瑙佺殑鍔ㄨ剦纭寲銆佷腑椋庛€佸績鑴忕梾銆佺櫧鍐呴殰銆佺硸灏跨梾銆佺檶鐥囩瓑銆傛竻闄よ嚜鐢卞熀鍒讳笉瀹圭紦銆?銆佸寮鸿蹇嗗姏锛屽繀闇€鑴傝偑閰哥殑鏈€缁堜唬璋骇鐗╂槸EPA鍜孌HA锛屾槸缁勬垚绁炵粡缁嗚優鑶滅殑閲嶈鎴愬垎锛孌HA鍦ㄨ剳绁炵粡 缁嗚優涓ぇ閲忛泦瀛橈紝鏄ぇ鑴戝舰鎴愬拰鏅哄晢寮€鍙戠殑蹇呴渶鐗╄川銆傝€岀伀楹绘补鍚湁浜虹被蹇呴渶鑴傝偑閰稿惈閲忔槸鏈€楂樼殑銆?This is the best way to get rid of these problems: ramming and squeezing silicon alloys; cross-country; surviving and arbitrarily arbitrarily: argon: the chain of turbulence-a songThe chains are stretched, and the chains are stretched out, and the power is constant. The constant stretches are constant, and the constant is stretched, and the wind is out, and the wind is out.傝湝鑳芥敼杩涜娑茬殑鎴愬垎锛屾帹杩涘績鑴戝拰琛€绠″姛鐢紝鍥犺€屽父甯告湇鐢ㄥ浜庡績琛€绠℃偅鑰呭緢鏈夊ソ澶?铚傝湝瀵硅倽鑴忔湁缁存姢鏁堟灉锛岃兘鎺ㄨ繘鑲濈粏鑳炲啀鐢燂紝瀵硅剛鑲倽鐨勫舰鎴愭湁涓€瀹氱殑鎶戝埗鏁堟灉3椋熺敤铚傝湝鑳借繀閫熷讥琛ヨ唫鍔涳紝娑堥櫎鐤叉儷锛屽寮哄鐤剧梾鐨勬姷鎶楀姏4铚傝湝杩樻湁This is the case that the manuscript is written by the father and the father, and the father and the daughter are admired, and the awards are made by the award winners, the winners, the winners, the winners, the winners, the winners, and the winners.Sorrowful?I ‘m going to arbitrarily arbitrarily arbitrarily arbitrarily arbitrarily arbitrarily arbitrarily arbitrarily arbitrarily arbitrarily arbitrarily arbitrarily arbitrarily arbitrarily arbitrarily arbitrarily arbitrarily arbitrarily irresistible弻鏃犳硶鎴愰暱6澶辩湢鐨勪汉鍦ㄦ瘡澶╃潯瑙夊墠鍙f湇1姹ゅ寵铚傝湝(鍔犲叆1鏉俯寮€姘村唴)锛岃兘澶熷姞蹇繘鍏ユⅵ涔¢€熷害7铚傝湝杩樿兘澶熸鼎鑲犻€氫究(鍙鏄ぉ鐒惰€佺粌鐨勭湡瀹炶渹铚滈兘鏈夋鼎鑲犻€氫究鐨勬晥鏋?銆?

[Can low-gluten flour be used for making buns]_Types_Methods

[Can low-gluten flour be used for making buns]_Types_Methods

Low-gluten flour can also be used to make buns, but in general, it is best to use medium-gluten flour to make buns, because medium-gluten flour is more adequate in the fermentation process, so the taste of the bun will be better if it is made.Medium gluten flour, temporary low gluten flour is also possible.

During the fermentation process, yeast powder can be added or old noodles can be used for fermentation.

High-gluten flour or low-gluten flour is better for making buns. 1. High-gluten flour has a higher protein content inside, which will result in more gluten. Generally, high-gluten flour is used for making bread.

So the promised bread will be capable and chewy.

2. Medium-gluten flour Medium-gluten flour is semi-loose, and its gluten and viscosity are relatively balanced. It is generally used in Chinese dim sum. It is suitable for making steamed buns, buns, sesame cakes, sesame balls, and other soft-boiled pasta snacks.

3. Low-gluten flour has a low protein content, so there is less gluten. It is often used to make cakes and biscuits, which will be very soft and crispy.

Add two pieces of knowledge. The first is gluten-free powder. The flour has gluten. After extracting the gluten from the flour, the white noodle soup is left. After drying, the material is gluten-free.Call it Cheng Noodle.

Extra high gluten flour-14% water, 13 crude protein.

Above 5%, it is usually used as a powder for gluten and fritters.

Do you need baking powder to make buns? You do n’t have to use baking powder. You can use fresh eggs instead.

Bun buns will look fluffy, which is the effect of baking powder; as long as the amount is small, not only can it make the dough soft, but the color will be whiter.

Methods and steps: 1. Mix baking powder and dry flour in proportion and set aside.

(The ratio is one pound of flour, five grams of yeast, five to eight grams of baking powder, and ten grams of white sugar mixed with baking powder.) 2. Put the dry yeast and a small amount of sugar into the water, and mix with the flour from step 1.

Note: The water temperature should not exceed 35 ℃, and it is best to use warm water and noodles at 35 ℃ -40 ℃ in winter.

3. After the dough is cut into steamed bun embryos, let it stand for 15 hours.

(The proof temperature is 32?
35 ℃, with a certain humidity; can also be proofed in the cage drawer, the water in the pot under the cage drawer to 35?
Around 40 ° C.

) 4. Put the steamed steamed bun embryo into the cage drawer and steam it.

(The steaming time is usually about 20 minutes.) The raw material ratio is 1 kg of flour or 500g baking powder, 2 dollars, 5 or 12g dry yeast 3?
5g, water 250?
285g How to make buns at home with flour 400g, dried yeast 5g, baking powder 5g (optional), 5g sugar, 250cc warm water Important points: Chinese style pasta, steamed bun, bean bag, etc., cannot be usedThe gluten flour is too high, and the flour you use for making bread cannot be replaced instead of making buns.

In addition, the baking powder and sugar in the material can also be added. The baking powder mainly plays the role of foaming, that is, more bubbles appear in the pasta.

(There are two types of baking powder, one of which is double-effect baking powder. The double-effect baking powder does not contain employees, so you do not need to worry about aluminum exceeding the standard.

If you are worried, you don’t need to add it, and you can make a good dough.

) Baking flour with baking powder on cold days, adding some sugar can shorten the fermentation time, and its effect is also good.

Method 1 for yeast dough. First, make the most important yeast dough. Put the dry yeast powder in a small bowl, turn it into warm water at 30 degrees, and set it aside for 5 minutes to let them activate.

Important point: The most favorable breeding temperature for yeast is 30?
40 degree.

Below zero degrees Celsius, the yeast loses its activity; when the temperature exceeds 50 degrees Celsius, the replicating yeast burns to death.

So the best temperature for baking is about 30 degrees Celsius.

2. Add flour, baking powder, and white sugar to the basin and mix well with chopsticks.

Then pour in yeast water, stir into pieces with chopsticks, knead repeatedly and repeatedly, and finally cover the basin tightly with a damp cloth. To prevent the surface from drying out, leave it in a warm place and let it stand.This is fine when there are a lot of small bubbles.

This process takes about an hour.

Important point: It is very important to repeatedly knead the dough in this step. Instead of simply mixing all the ingredients and mixing them evenly, you must try to knead the dough more. The purpose is to make the protein in the flour absorb the moisture and form gluten.It can prevent the loss of carbon dioxide generated during the fermentation process, making the dough dough bulky and porous, so this step is very important and should not be careless.

Also don’t make the dough too hard.

3, look at the time, whether the dough has been prepared, the volume has expanded to the original double size, and a honeycomb structure appears. At this time, do not rush to use, continue to knead the dough by hand, expand the air inside, and thenCover with a damp cloth again to allow the dough to swell again.

[Can Red Dragon Fruit Lose Weight]_Slimming_Efficacy

銆 愮 童 湇 Mi 伀 Ning 强 傺 傺 邆 銆 慱 鐦 ﹁韩 _ 锷 熸 晥
绾㈠績鐏緳鏋滄槸涓€绉嶆瘮杈冨父瑙佺殑姘存灉锛岃惀鍏讳环鍊奸潪甯哥殑楂橈紝骞虫椂閫傚綋鐨勫悆涓€浜The most important thing is that the world’s finance and economics are not the same as the father and the father, and the chain is very difficult to install. It’s hard to keep up with each other. It’s hard to keep up with each other.In the world, the world is very strong, and it ‘s awesome. It ‘s very hard to put it in, and it ‘s very hard to make it out. It ‘s awesome, it ‘s so beautiful.闱㈢殑浣灭敤涔熸槸涓嶉敊鐨勩€?1銆佸吇棰滅編瀹广€?瀵逛簬鐖辩編鐨勫コ鎬ф湅鍙嬫潵璇达紝濡傛灉鎯冲吇鐪肩編瀹圭殑璇濓紝鍚冪伀榫欐灉鏄緢涓嶉敊鐨勯€夋嫨鍝︺€傜伀榫欐灉涓淮鐢熺礌C鍙婁赴瀵岀殑姘存憾鎬ц喅椋熺氦缁达紝杩欎簺鎴愬垎瀵逛簬鍏婚缇庡鍏锋What is it?2銆佹帓姣掔槮韬€?Sorry, you will be caught in the sea, you will be caught in the sea, you will be caught, you will be caught, you will be caught, you will be caught, you wo n’t be able to read it, you will be able to read itThe elder brother, the Chinese writer, the Chinese writer, the Chinese writer, the Chinese writer, the Chinese writer, the Chinese writer, the Chinese writer, the Chinese writer, the Chinese version, the Chinese version, the Chinese version, the Chinese version, the Chinese version, and the Chinese version,Fu ╃ 殑 銆?3銆侀闃茶传琛€鍜岃绠$‖鍖栥€?璐鐨勫師鍥犳槸鐢变簬浜轰綋琛€娑蹭腑閾佸厓绱犱笉瓒抽€犳垚鐨勶紝鑰岀伀榫欐灉涓殑鍚搧閲忕浉姣斿叾浠栨按鏋滄潵鐨勯珮锛屽浜庨闃茶传琛€鏈夊府鍔┿€傚悓鏃剁伀榫欐灉涓姳闈掔礌鍚噺杈冮珮锛岀It ‘s not easy to read it. It ‘s a lot of time. It ‘s a lot of tea.栵 纴 鎶 楄 “The key to the world?銆 侀  阒 Rucre?This is a simple patent. It’s a nylon. It’s a nylon. It’s a chain of chains. It’s very difficult to find out what is going on.锛屽姪缁嗚優鑶滅敓闀匡紝澧炲姞椋熸绛夋柟闈㈢殑鍔熸晥鍝︺€?

Huanxu Electronics (601231) comments: Q3 results rebound rapidly, new Apple products are expected to drive the company’s continued growth

Huanxu Electronics (601231) comments: Q3 results rebound rapidly, new Apple products are expected to drive the company’s continued growth

Event: The company released three quarterly reports. The company achieved revenue of 259 in the first three quarters of 2019.

71 ppm, an increase of 17 in ten years.

21%, net profit attributable to mother 8.

61 ppm, an increase of 10 in ten years.


Q3 performance rebounded sharply, and cost control significantly improved: the company’s revenue in the first three quarters of this year was 259.

7.1 billion (+ 17% YoY).

21%), net profit attributable to mother 8.

6.1 billion (+ 10% year-on-year.

76%), deducting non-attributed net profit7.

1.6 billion (-5.

18%), of which Q3 single-quarter revenue 113.

700 million (YoY + 21.

68%), net profit attributable to mother 4.

7.1 billion (+ 22% YoY).

41%), net of non-attributed net profit4.

6.6 billion (+ 25% YoY).

96%), gross margin of 10.

13%, a decline of 0 per year.

48 units.

After experiencing low growth in Q2 performance, the company returned to high growth in Q3 performance. First of all, after the consumer electronics entered the peak season, revenue increased significantly, and industrial products also experienced rapid growth.

Revenue from communications products increased due to the addition of UWB modules.

Computer products and automotive electronics were affected by the trade war, and revenue growth was slower than expected.

In terms of expense control, the company Q3 manages expenses1.

9.4 billion yuan, accounting for 1% of revenue.

79%, a decrease of 0 every year.

55 averages, a decrease of 0 from the previous quarter.

65 total, the level of cost control has increased.

As consumer electronics orders are advanced by one month this year, Q4 revenue is expected to be close to Q3. Next year, driven by new products, the company’s revenue is expected to return to high growth.

Apple’s new machines continue to sell well, which is expected to drive the company’s performance to continue to grow: Apple’s iPhone11 series of mobile phones released in September continued to sell well, less than one month after the release, JD.com’s own platform iPhone 11 sold 380,000+, ranking secondIPhone XR sales are doubled, and a total of 76 million iPhone 11 series handsets are expected to be sold.

This year’s iPhone11 series of mobile phones are all equipped with ultra-wideband technology UWB. UWB is a wireless serial communication technology that uses a wide spectrum range and is not easily interfered. Therefore, it can provide more accurate positioning capabilities than Wi-Fi and Bluetooth.

The company is a 杭州夜生活网 new UWB supplier this year and will continue to sell Apple ‘s new machines in the future. The company ‘s performance is expected to continue to grow rapidly.

Qualcomm acquires RF360, deep cooperation is expected to open up growth space: September 16th, Qualcomm officially announced the completion of the acquisition of the remaining shares of RF360 Holdings Singapore Co., Ltd., through this acquisition, Qualcomm can provide customers with a complete end to endEnd-to-end solution-Qualcomm Snapdragon 5G inverter and RF system.

The system includes the world’s first commercial 5G air interface sub-6GHz and millimeter wave solutions, integrating power amplifiers, filters, multiplexers, antenna tuning, low noise amplifiers, switches and envelope tracking.

The company is a leader in SiP packaging, has established a joint venture with Qualcomm, is the exclusive supplier of Qualcomm QSiP modules, and jointly launched QSiP mobile phones with ASUS, which is expected to be in the depth of Qualcomm ‘s RF front-end field.

Maintain “Recommended” rating: optimistic about the company’s industrial chain level of upside, technological advantages continue to expand in new application areas, the recovery of Apple’s industrial chain will drive the company’s performance growth, and the company’s net profit attributable to mothers in 2019-2021 is expected to be 13.

5.2 billion, 17.
3.8 billion and 21.
33 trillion, EPS is 0.

62 yuan, 0.

80 yuan, 0.

98 yuan, the corresponding PE is 22.

26X, 17.

32X, 14.


Risk warning: iPhone, iWatch may not be able to predict the number, the server market demand is less than expected, and the rising cost of raw materials costs exceeds expectations.

Shandong Gold (600547) Company Comments: Improved performance growth, profit expected to usher in second half

Shandong Gold (600547) Company Comments: Improved performance growth, profit expected to usher in second half

Event: The company released a number of 2019 interim reports, and the company achieved operating income of 311.

9.5 billion, an increase of 19 years.

89%; net profit attributable to mother 6.

65 ppm, an increase of ten years.


The corresponding EPS is 0.

30 yuan / share, the company’s performance basically meets market expectations.

  Gold business profit growth report Tier 1 company gold business income 56.

500 million, an annual increase of 8%; a gross profit of 25.

7 trillion, an annual increase of 14.


In terms of output, the company produced mineral gold in the first half of 1919.

51 tons, an increase of 5 in ten years.


In terms of gross profit margin, the company’s gold business gross profit margin was 45 in the first half of the year.

6%, an increase of 2 per year.

Five averages, we judge that the gross profit margin of the gold business is mainly due to the rise in gold prices.

  In the first half of 19, the average price of gold in the first period reached 289.

6 yuan / gram, up 5 before.


  Reported corporate expenses have increased.

In the first half of 19, the company’s overseas subsidiaries’ export tariffs increased, and the tax and surcharges were reported accordingly1.

2.9 billion.

In addition, the company strengthened R & D investment and increased R & D expenses by 1.

4.8 billion.

  Monetary policy is gradually loosening, and the price of gold is expected to increase in the interest rate cut cycle. At the August 19 meeting, the Federal Reserve cut interest rates for the first time in nearly 10 years, and as early as the March 19 economic outlook, it will already have 20 years of economic growth.The growth rate was reduced to 1.



As the stimulus effect of tax cuts weakens and trade conflicts further intensify, it is highly probable that the economic growth of the United States will continue to fall.

If the U.S. economy experiences an unexpected downturn, it cannot be ruled out that monetary policy will be significantly loosened again, and the price of gold will increase.

  The price of gold continues to hit a new high, and the company’s performance in the second half of the year is expected to increase significantly. The price of gold in the second half of 19 will hit a new high. The average price of gold in August has reached 345 yuan / gram.

According to our calculations, for every 10 yuan / g increase in gold price, the company’s annual profit increases by 2.

5.8 billion.

If the gold price 苏州桑拿网 maintains the current price or continues to rise, the company’s performance is expected to achieve substantial growth in the second half of the year.

  Earnings forecast and rating: Considering that the price of gold only started to grow significantly in May, and that prices are expected to continue to grow.

  We adjusted the company’s profit forecast for 2019-2021 to 19.

100 million, 25.

400 million and 25.700 million (previous value was 22.

700 million, 19.

800 million and 17.

800 million), EPS is 0.

62 yuan, 0.

82 yuan and 0.

83 yuan.

  Corresponds to the closing price of 39 on August 30.

88 yuan, the company’s dynamic PE in 19-21 is 65 times, 49 times and 48 times, maintaining the “Buy” rating.

  Risk reminder: the risk of falling resource prices and the risk that mine output is less than expected.

China Pets (002891) Annual Report and First Quarterly Commentary: Domestic Market Revenues Continue to Maintain High-speed Growth

China Pets (002891) Annual Report and First Quarterly Commentary: Domestic Market Revenues Continue to Maintain High-speed Growth

The main points of the report describe the company’s announcement of operating income in 201814.

120,000 yuan, an increase of 39 in ten years.

09%, realized net profit attributable to 0.

56 ppm, a ten-year average of 23.

39%, EPS0.

56 yuan; of which the company achieved revenue 4 in the fourth quarter alone.

20,000 yuan, an annual increase of 39.

14%, achieving a net profit of 0.

1.4 billion, an annual increase of 1.

05%, EPS0.

14 yuan.

The company achieved revenue in the first quarter of 20193.

810,000 yuan, an increase of 37 in ten years.

45%, achieve net profit attributable to 0.

07 million yuan, the average ten years is 45.

75%, EPS0.

07 yuan.

Incident Review The company’s revenue growth rate exceeded expectations, and the domestic market development has advanced rapidly.

The company achieved domestic market revenue in 20182.

52 ppm, an increase of 61 in ten years.

54%, we expect the company’s domestic market to achieve revenue of about 75 million yuan in the first quarter of 2019, an annual increase of about 80%.

We believe that the rapid expansion of the domestic market is the leader in the company’s revenue growth.

Gradually, through the rapid growth of wet grain production capacity, the company gradually improves and consolidates its leading position in the wet grain market; reorganization, new products, naughty grain-free low-sensitivity grains are expected to continue to increase volume in 2019.

We estimate that the company’s dry grain is expected to achieve revenue of about 1 trillion in 2019, at least doubling its growth.

Costs increased. Supplementary costs increased, and 淡水桑拿网 the company’s performance improved in 2018.

The price of the company’s raw materials increased significantly. The price of chicken meat rose rapidly in 2018, and the price of big breast chicken meat exceeded 1 in the second half of the year.

5 million / ton, with an annual growth rate of more than 40%. We estimate that the rising price of chicken breast will drag the company’s gross profit margin by about 3 swaps; instead, the company’s growth in the expense side is rapid, and the company’s sales expenses reached 1.

4 million US dollars, a year of growth more than doubled, the company’s research and development costs reached 4082 million, while in 2017 R & D investment was only 281 million.

Accelerate the development of online channels, and the full product matrix and omnichannel layout are gradually becoming available.

In 2018, the company invested in e-commerce operation teams such as Junmu Electronics, Weihai Pink Orange, and broke through the strategic cooperation memorandum with Suning Tesco and Alibaba.Full coverage.

Previously, the company’s advantages in the domestic market were mainly offline, and its offline channel layout was relatively wide.

We believe that the company’s online development ideas are very clear. Through the excellent e-commerce operation team to achieve the company’s online channel breakthroughs, so as to quickly accumulate online traffic and achieve rapid growth in domestic market revenue.

Driven by China Pet’s full product matrix, the company’s online and offline channels tried to synchronize efforts, and eventually formed the company’s brand influence.

Give the company a “Buy” rating.

We expect EPS to be 0 in 2019 and 2020, respectively.

76 and 1.

27 yuan, corresponding to 46 and 27 times the PE, maintaining the “buy” level.
Risk Warning: 1.
The sharp rise in prices of raw materials such as chicken meat and the rapid growth of the company’s marketing expenses may drag down the company’s performance; 2.

The market for pet staple food and pet snacks is fiercely competitive, and the company’s production capacity and channel development may not meet expectations.

Jiang hydropower (600131): Futang power station investment income steadily increases, expects asset injection to land

Jiang hydropower (600131): Futang power station investment income steadily increases, expects asset injection to land

Event: The company released its 2018 annual report and achieved operating income11.

21 ppm, an increase of 36 in ten years.

47%; net profit attributable to mothers1.

30,000 yuan, an increase of 28 in ten years.

53%, lower than the previous forecast of 1.

2.5 billion.

Investment points: Futang Power Plant’s investment income has steadily increased, and its performance has been lower than expected due to the impact of asset impairment losses.

Benefiting from the completion of the technological transformation of downstream steel companies and the recovery of the overall electricity demand in the supply area, the company completed electricity sales in 201837.

At 3.5 billion billion, the annual increase is 34.

80%, in which the increase of self-generated electricity and grid-connected electricity increases by 3.

97%, outsourcing and sales of electricity increased by 34 in ten years.


The company’s main source of profit is Futang Power Station, which holds 40% of its shares. The performance of Futang Power Station has steadily increased, and it has contributed 0 investment income from 2016 to 2018.

80, 0.

84 and 0.

9.5 billion.

In 2018, Jiujiayi Company, a wholly-owned subsidiary of the company, provided 2868 for impairment of fixed assets for diamond printing.

760,000 yuan, resulting in slightly higher performance than expected.

It is planned to produce the main business of production, distribution, and sales, and build the State Grid “cloud-network integration” platform.

The company issued a major asset reorganization plan in February 2019. It intends to place all shipping exchange asset signs except Futang Hydropower 无锡桑拿网 40% distribution and Sunshine Power 9% distribution. It will cooperate with China Power Feihua, owned by State Grid Corporation ofYuan Software, CLP Puhua and CLP Kaixing Star have exchanged equivalent shares of the four cloud-network integration business companies, and issued shares to the information industry group and minority shareholders to purchase the remaining shares, to realize the wholly-owned control of the four companies.

The plan puts the company’s poor profitability in shipping as the main business, while retaining 40% of the equity of Futang Power Station, which is the strongest profitability, and the company is expected to become a state-owned cloud-convergence business platform in the future.

According to the revised version of the March plan, the total net profit of non-returning mothers’ assets, which is 18 deductions, will be disclosed2.

75 trillion, 杭州桑拿 estimated 40-47 trillion, corresponding to 14-17 times the 18-year PE.

Given the assumption of maximizing the net profit of 20% of injected assets, retaining business investment income of 100 million per year. If the injection is completed in 2019, the company’s 19 and 20 return to the mother’s net profit will reach 4 respectively.

30, 4.

9.6 billion.

State Grid has proposed a “three types of two networks” development strategy, and the power grid information industry ushers in strategic development opportunities.

State Grid Corporation of China put forward the strategic goal of “three types of two networks, world-class” in early 2019. Among them, the “three types” are hub type, platform type, and shared type, and the “two networks” are smart grid and electric internet of things.

State Grid proposed to vigorously develop the smart grid. By 2021, the ubiquitous electric power Internet of Things will be preliminarily established to basically realize business collaboration and data interconnection. By 2024, the ubiquitous electric power Internet of Things will be completed to fully realize business collaboration, data spanning and unified IoT management.

The national grid’s highest annual investment in information and communication projects is about $ 12 billion. Future investment may increase under the “three types and two networks” strategy. The company’s power grid information industry ushers in strategic development potential.

Earnings forecast and estimation: Due to the uncertainty of the acquisition consideration and the number of shares issued in this restructuring plan, we will not consider this acquisition for the time being, and we maintain the company’s net profit attributable to the mother to be 1 in 2019-2020.

36 and 1.

At 4.5 billion US dollars, the new net profit attributable to mothers in 2021 is forecast to be 1.

56 trillion, corresponding to EPS 0.

27, 0.

29, 0.

31 yuan / share, PE 69, 64, 60 times.

The company is expected to become the “cloud-network integration” platform of the State Grid, with broad space for follow-up new business and maintaining the “overweight increase level”.

Funeng shares (600483) Comments: Significant increase in thermal power consumption Wind power shifted slightly

Funeng shares (600483) Comments: Significant increase in thermal power consumption Wind power shifted slightly
Key investment events: The company announced the 2019 semi-annual operating data, and the first half of the year completed 89 power generation.7.7 billion kilowatt-hours, an increase of 10 years.53%; completed online power 85.0.6 billion kWh, an increase of 2 each year.twenty four%.The company completed 47 generations in the second quarter.6.1 billion kWh, a decrease of 0 every year.65%; 45.1.5 billion kWh, a decrease of 0 per year.72%.Our comments are as follows: the consumption of thermal power has increased significantly, and the wind power has shifted slightly: in the first half of the year, Hongshan Thermal Power / Long’an Thermal Power Supply achieved two-digit growth.Hongshan Thermal Power Co., Ltd. completed the online power supply in the first half of the year31.6.7 billion kWh, an increase of 6 in ten years.42%; static supply is completed 218.02 for the first time, growing by 26 each year.87%.Longan Thermoelectricity completed the first half of the year with zero electricity.900 million kWh, an increase of 23 in ten years.29%; static electricity supply is 75%.49 Initially, ten years increased by 10.71%.The company’s wind power sector has completed online power generation8.3.2 billion kWh, a decline of 2 per year.35%; of which, the amount of online electricity from April to June is 3.400 million kWh, an increase of 6 per year.58%. Coal-fired / photovoltaic grid-connected power grew steadily, and Jinjiang Gas and Power shifted slightly: In the first half of 2019, Liuzhi Power Plant completed grid-connected power31.4.7 billion kWh, an increase of 5 in ten years.07%; the photovoltaic segment has completed the online electricity consumption of 0%.200 million kWh, an increase of 17 in ten years.65%; Jinjiang Gas & Electricity has completed the online electricity supply11.800 million kWh, a decrease of 11 per year.68%, complete the replacement power 9.6.1 billion kWh. Based on Fujian’s high-quality wind resources, wind power has become a new growth point of performance.Fujian Province has high-quality wind resources. The province’s wind power has been fully absorbed. At the same time, it belongs to the Class IV resource area and enjoys the highest on-grid electricity prices. The company’s wind power projects are leading the industry in return.Since 15 years, the company and the Three Gorges Group have joined forces to jointly develop offshore wind power resources in Fujian Province.Up to now, the company has put into operation a total installed wind power capacity of 75.40,000 kilowatts, and it is expected to produce 126 by 2020.70,000 kilowatts, of which 400,000 kilowatts of offshore wind power is put into operation, and there is plenty of room for growth. The implementation of supplementary policies has made the construction of the project more certain.On May 24th, the National Development and Reform Commission issued the “Notice on Improving Wind Power On-grid Tariff Policies”, which clarified the offshore wind power compensation policy, which was approved before the end of 2018 and all units completed and connected to the grid before the end of 2021.If all units are connected to the grid after 2022, the guidance price for the year of grid connection will be implemented.We believe that the implementation of supplementary policies will accelerate the rush installation progress of various offshore wind power operators, and the construction progress of related projects will be more certain. Investment suggestion: The offshore wind power subsidy policy has been implemented, and the company has plenty of room for future growth.1) Wind power: High-quality wind resources support the project’s high return, and the high growth of wind power installed capacity will become the core of performance growth in the future.It is expected to contribute profits in 19-21.0/8.6/9.900 million.2) Coal power: Coal prices have entered a downward path, the project has been profitably repaired, and downstream heat demand is strong.Expected to contribute profits in 19-21 6.2/6.4/6.700 million.In summary, without considering the group’s asset injection, we raised the company’s profit forecast, and it is expected that the company’s net profit attributable to the parent for the year 19-21 will be 12.8/15.4/17.0 million, corresponding to 0 EPS.83/0.99/1.10, corresponding to the closing price of PE on July 17 is 9.8/8.2/7.4 times.Maintain the level of “prudent overweight”.Risk reminders: rising coal prices, 武汉夜生活网 wind power projects failing to meet expectations, gas power policy adjustments, lifting of embargoes, etc.