[How to do turtle doves]_ turtle doves_how to do_how to do

[How to do turtle doves]_ turtle doves_how to do_how to do

Turtledove is a bird that looks very similar to a pigeon, but it is rare in the market, and even fewer people have eaten Turtledove.

Turtledove is a game, and many people don’t understand its nutritional value, let alone how to cook Turtledove.

In fact, turtle doves are special, but the practice of turtle doves can basically be operated according to the practice of ordinary birds.

Turtledove looks about the size of a pigeon, and looks a bit like it. Actually, Turtledove doesn’t eat much.

First, the practice of turtle doves: Stewed turtle doves Ingredients preparation: one turtle dove, cooking wine, salt, green onion and ginger.

Method Step 1: Remove turtle impurities and soak with water for half an hour to remove blood water for use; 2. Put an appropriate amount of water in the soup pot and put in turtle turtles to boil for 3 minutes;, Green onion ginger; 4, add cooking wine, cover the pot and simmer for about 5 hours, add salt called.

Second, the practice of turtle doves: Fragrant roasted turtle doves Preparation: 2 turtle doves, 20 grams each of onion ginger, 5 grams of spiced powder, 3 grams of pepper powder, 20 grams of barbecue ingredients, moderate amount of peanut oil, 5 ml of white wine.

Method Step 1: Soak turtle doves in water for half an hour, cut the abdomen open, and the back end is not cut; 2. Add all the seasonings to the pot, mix well, put them in a fresh-keeping box, and refrigerate and marinate for 2 hours;Put one turtle dove in the middle, put the right amount of onion ginger, wrap it and put it in the preheated 220 degree oven; 4, then bake at 200 degrees for half an hour, and then bake at 220 degrees for 5 minutes.

Third, the practice of turtle dove: Cool turtle dove pork bone soup ingredients preparation: one turtle dove, pork bone amount, jujube amount, wolfberry decomposition, astragalus, codonopsis, angelica amount, salt, oatmeal, salt, mushroom, longan, lily, rice wine, lotus.
Method step 1, soak all ingredients for 10 minutes, wash, lotus seeds need to be soaked for about 3 hours; 2, washed pork bones and turtle dove water, ginger slices, boil water in a pot, put ginger slices; 3,Add rice wine and pork bones and cook for 5 minutes on high heat. 4. Put oil in the pot, sauté the ginger, and stir-fry the turtledove for a while. 5. Take another pot of boiling water and add the pork bones and turtledove., The high fire is boiling, and the low fire is good.

[Can you eat fish head]_Can you eat it? Can you eat it?

[Can you eat fish head]_Can you eat it? Can you eat it?

Zebrafish is our most common fish. The content of protein and unsaturated fatty acids in zebrafish is very high. The meat quality of zebrafish is completely plump, and the meat quality is very tender and delicious. Zebrafish is actually a very common marine fish.People usually like to eat strip fish, but when you eat strip fish, you usually throw away the strip fish head. Can the strip fish head be eaten?

Can I eat fish head?

The fish head is warm, sweet and salty; the liver, spleen meridian, has spleen tonic, nourish qi, warm stomach, nourish liver, make skin, nourish qi, nourish blood, keep fit, and has no toxic effect on human body, Fish head is edible.

The fish gill is not a part of the fish head. The fish gill is a detox organ for fish to breathe in the water. The fish gill carries a lot of harmful microorganisms and dirty things, which is enough to eat bad taste and may cause the body.Discomfort.

Teeth fish live in the ocean for a long time, they are carnivorous animals, their teeth are sharp, and there are more dirty things left on the teeth. They have little edible value. Therefore, the teeth of the fish are not suitable for eating.

How to make fish head with garlic Ingredients: fish head 350 grams, green pepper, red pepper 30 grams, salt 3 grams, starch 10 grams, cooking wine, garlic juice each amount.

Method: 1. After the fish head is cleaned, pickle and taste with salt, starch, cooking wine, and garlic; wash and chop the green and red peppers.

2. Heat oil into the pan, fry the fish head until golden brown, remove and place on a plate.

3. Add oil to the hot pan, stir-fry the green and red peppers, remove the drained oil, and sprinkle on the fish head and serve.

Efficacy: Supplement nutrition and promote appetite.

Ingredients for stewed potatoes with fish head: one potato, appropriate amount of fish head, cabbage, yellow sauce, salt, sugar, old soy sauce, sesame oil, pepper, aniseed, broth, spring onion, ginger, garlic, etc.

Method: 1. Wash the fish head and fry until golden on both sides.

2. Fry garlic to golden brown, add yellow sauce, shallot, ginger, pepper, stir-fry aniseed and add broth.

3. Add fish head, salt, monosodium glutamate, sugar, and sauté until taste.

4. Leave the fish soup in the pot and sauté the potatoes until they taste well, and put them in a dish with a good size of cabbage.

5. Put the fish head around the burnt fish head and pour in the fish sauce.

Efficacy: Spleen Qi, Tongli stool.

How to deal with the fish head1, first soak the fish in the salt water for a short time, and repeatedly scrub to remove the surface mucus.

2. Use scissors to make a small cut at the junction of the fish head and the neck of the fish. Be careful not to cut it off.

3. Holding the fish head tightly and slowly tearing it, you can remove the fish’s internal organs along the tearing of the fish head.

4. Then remove the fish gills and fish scales and rinse them under running water.

[How to eat pork blood and tofu]_ production method _ Daquan

[How to eat pork blood and tofu]_ production method _ Daquan

Pork blood and tofu are good when cooked together, and pig blood is rich in many amino acids that are needed by the human body, and tofu contains a lot of protein, so you can eat some pig blood and tofu in normal times.

Pig blood and tofu are more delicious. You can understand the method introduced in the article, prepare relevant ingredients, and then follow the steps in the article to make pork blood boiled tofu, and you can make delicious pork blood tofu soup.

How to make tofu cooked with pork blood?

Material: 200g of pig blood, 200g of tofu, appropriate amount of oil, appropriate amount of salt, appropriate amount of shallot, appropriate amount of fragrant leaves, appropriate amount of perfume fish seasoning, appropriate amount of raw soy sauce, appropriate amount of vinegar, appropriate amount of boiling water, appropriate amount of ginger, appropriate amount of garlic.

2. Cut pig blood and tofu into pieces.

3. Pour the oil into the pan and fry the onion, ginger, garlic and fragrant leaves on a low fire.

4. Add perfume fish seasoning and stir fry.

5, add salt, add soy sauce, add vinegar.

6. Pour in an appropriate amount of water.

7. Put pork blood and tofu skewers into the pot and cook.

8. After the first side is cooked for three minutes, turn the other side and cook for the other side.

9, after the pan, the soup must be drizzled on the surface to taste delicious.

How to distinguish between real and fake pig blood 1. Look at the color: fake pig blood is very bright because it is stained with pigment or blood red, while real pig blood is dark red.

2. Touch it properly: fake pig blood is more flexible because it is doped with formaldehyde and other chemicals, and it will not break when cut, while real pig blood is hard, and it is easy to break when touched by hand.

3. Look at the cut surface: After the pig blood is cut, if the cut surface is smooth and flat, and there are no pores, it is false. If the cut surface is rough, there are irregular small holes, which means that it is real pig blood.

4. Smell: The real pig blood has a faint fishy smell. If it doesn’t smell a little fishy, it may be fake.

Adulterated pig blood still has pig blood components, but the color is relatively dark; except for the absence of stomata, the problematic pig blood pupa is smooth and looks very delicate, but it tastes like chewing rubber, although it is soft but tough.

The color of normal pig blood is dark red, and the surface or section is rough and layered. Because of the oxygen in the plasma in pig blood, bubbles will pop up when they condense, forming bubbles in pig blood clots. People can buy pig blood according to the color.With or without air bubbles and other characteristics.

Tips: Like other foods, pig blood cannot be overdone, no matter how good it is, because blood also contains metabolic waste (including hormones, drugs, urea, etc.), and large amounts of food will also bring a burden on the human body.People, eat no more than 2 times a week.

[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︺€?

[How to cook rice in a cooking pot]_Cooking pot_How to cook

骞虫椂鐢熸椿褰撲腑鎴戜滑閮戒細鐢ㄧ數楗叢鏉ョ剸绫抽キ锛屼絾鏄湪涓€浜涙潯浠舵瘮杈冨樊鐨勫湴鏂癸紝鎴栬€呮槸鍦ㄩ噹澶栧湴鍖虹瓑绛夛紝涓嶈兘浣跨敤鐢甸キ鐓诧紝杩欐椂鍊欏彲浠ョ敤鐐掕彍杩囨潵鐩存帴鐓背How to do it? How to do it? How to do it? How to fix it? How to fix it? How to solve it? Do you want to know how to do it?皬鐏紝杩欐牱灏辫兘澶熼椈鍑烘瘮杈冨ソ鍚冪殑绫抽キ锛屾垜浠潵鐪嬩竴涓嬭繖鏂归潰鐨勫唴瀹广€?Do you shovel a pickaxe?I ‘m sorry, I ‘m sorry, I ‘m sorry, I ‘m sorry, I ‘ll click on it, I ‘ll go through it, I ‘ll go through it, I ‘ll go through the chain.鏈€濂斤紝娉ㄦ剰涓嶈鎶婄背涓€璧峰€掍簡2锛屽湪閿呴噷瑁呭叆澶х害18閲岄潰娣辩殑鍐锋按銆傚皢鐩嗗What are you talking about? What are you talking about? What are you talking about? What are you talking about? What are you talking about? What are you talking about?锛屾墦寮€鐏€傜劧鍚庣瓑澶х害涓夊崄澶氬垎閽熷皢鐏叧鎺夊氨濂戒簡 鐐掕彍閿呯殑鍒嗙被 1銆侀搧閿咃細 鐩墠骞冲畨鐨勯攨鎹紩瑙侊紝杩愮敤涓浗浼犵粺鐨勯搧閿呮槸鐩墠骞冲畨鐨勫帹鍏枫€傚悎鏍肩殑閾侀攨閲囩敤鐢熼搧鍒舵垚锛屾櫘閫氫笉浼氬惈鏈夊叾瀹冨寲瀛︾墿璐紝涔熶笉浼氬彂鐢熸哀鍖栨垚缁┿€傚湪鐐掕彍銆 作 検 熋 繋繩 綩 瓩 煩 腩 軩 覄 射 尬 尬 嬬 尼 氭 湭 jing 嚭 咭 镺 镺 畋 ? 畴 亴 璴 練 emerging new fine-grained birch board inertial sorrows sorrows sorrows sorrows sorrows sorrowful sorrowsWhat’s the difference? The chains are sloppy and sorrowful?銆侀櫠鐡烽攨銆佺爞閿咃細 涓嶅疁鐩涜閰告€ч鐗╃摲鍣ㄩ攨杩囨潵琚叕浠ヤ负鏃犳瘨椁愬叿锛屼絾杩戝勾鏉ヤ篃鏈夎繍鐢ㄤ腑姣掔殑鎶ュ憡銆傛湁浜涚摲鍣ㄩ鍏风殑缇庝附澶栬。涓惈鏈夐搮锛屽亣濡傜儳鐡峰櫒鏃舵俯搴︿笉澶熸垨璁告秱閲夐厤鏂欎笉濂戝悎瑙勮寖锛屽氨鑳藉浼氫娇閿呭惈鏈夎緝澶氱殑閾呫€傚綋椋熺墿涓庨攨鎺ヨЕ鏃讹紝閾呭氨鑳藉婧㈠嚭閲夌殑澶栬〃娣峰叆椋熺墿涓€傞搮銆侀晧婧跺嚭閲忔槸鎸囧晢鍝佸湪鐩涜椋熺墿鏃讹紝鐗瑰埆鏄洓瑁呴吀鎬ч鐗╂椂锛屼复鏃惰繍鐢ㄩ搮銆侀晧婧跺嚭閲忚秴鏍囩殑鍟嗗搧锛屼細褰㈡垚閲嶉噾灞炰腑姣掞紝涓ラ噸褰卞搷韬綋瀹夊悍锛屽浗搴﹀己杩€ц鑼冨閾呫€侀晧婧跺嚭閲忕瓑褰卞搷浜轰綋瀹夊悍鐨勭洰鏍囨湁涓ュ帀闄愬畾銆?3銆佷笉閿堥挗閿咃細 涓嶅疁闀垮伐澶洓鐩愪笉閿堥挗鍒舵垚鐨勫櫒鐨跨編瑙傝€愮敤銆備絾涓嶅悎鏍肩殑涓嶉攬閽㈤攨浼氬瓨鍦ㄥ钩瀹夐殣鎮c€備笉鍚堟牸鐨勪笉閿堥挗閿咃紝鍦ㄨ繍鐢ㄦ椂鍏朵腑鐨勬煇浜涘寲鍚堢墿鑳藉浼氭憾鍑烘潵锛屼汉浣撳薄娆℃憚鍏ュ紓鏍蜂細鍦ㄤ綋鍐呮笎娓愮疮绉紝褰撳埌杈炬煇涓€闄愬埗鏃讹紝灏变細鍗卞浜轰綋瀹夊悍銆?

[Can mulberry and wolfberry be eaten together]_ wolfberry _ 同 食

妗戣憵鍜屾灨鏉炶繖涓ょ椋熺墿鍦ㄧ敓娲讳腑閮介潪甯哥殑甯歌锛岃€屼笖浠栦滑鑷ˉ鏁堟灉閮芥槸闈炲父濂界殑锛屽苟涓斿悆璧锋潵鍙f劅閮芥槸鐢滅敎鐨勶紝鎴戜滑涓€鑸悆妗戞す鐨勬椂鍊欓兘浼氶€夋嫨鍚冩柊椴滅殑锛屼絾濡傛灉鎯宠鐢ㄦ潵娉¢厭鍠濓紝涓€鑸鍔犳钁氭櫨骞蹭箣鍚庡啀杩涜娴告场锛岃繖涓ょ椋熺墿鏀惧湪涓€璧锋场閰掍篃鏄彲浠ョ殑锛岄偅涔堟妞瑰拰鏋告潪鑳戒竴璧峰悆鍚?妗戣憵鏃ュ父鐢熸椿涓瘮杈冨父瑙佺殑涓€绉嶆按鏋滐紝妗戣憵鍏朵腑瀵屽惈澶ч噺鐨勮惀鍏绘垚鍒嗭紝鍙互琛ュ厖浜轰綋姣忓ぉ鎵€闇€瑕佺殑寰噺鍏冪礌浠ュ強鐭跨墿璐紝鑰屾灨鏉炰篃鏄粙琛ヨ韩浣撶殑鑹嵂锛屾钁氫笌鏋告潪鎼厤鍦ㄤ竴璧峰枬瀵硅韩浣撳彲浠ヨ捣鍒颁繚鍋ュ姛鏁堬紝杩樺彲浠ヨ捣鍒扮編瀹规粙琛ヨ韩浣撶殑浣滅敤锛屽彲浠ュ皢妗戣憵鍜屾灨鏉炰竴璧峰啿娉°€傛钁氬彲浠ュ拰鏋告潪涓€璧峰悆鍚楀彲浠ャ€傛灨鏉炲拰妗戣The temperature is set at ℃, the temperature is set, the temperature is set, the temperature is high, the temperature is high, the temperature is high, the temperature is high, the temperature is low, the temperature is low, the temperature is low, the temperature is low, and the temperature is low.熺敤锛屽ぇ瀹惰嚜宸卞湪瀹堕噷涔熷彲浠ュ皾璇曟场姘存垨鑰呮场閰掑枬銆傛灨鏉炲拰浠€涔堢浉鍏嬩笌鐗涘ザ鐩稿厠锛氬繉涓庝钩鍒跺搧鍚岄;涓庝汉涔崇浉鍏嬶細蹇屼笌涔冲埗Yuhuoqianliang?Do you think that you’re going to squeeze your hair?Do you want to tell me?涓嶈涓庣嫍鑲夈€佺墰鑲夈€佺墰涔冲悓鍚冿紝杩樻湁铻冭煿绛夐鐗╁悓椋熴€傜敤鑽蹇屽閭疄鐑紝鑴捐櫄鏈夋箍鍙婃硠娉昏€呭繉鏈嶃€傛钁氱殑鑽敤浠峰€兼妞规棦鑳藉悆鍙堣兘鍏ヨ嵂锛屼腑鍖诲璁や负妗戞す鎬у井瀵掞紝鏄粙琛ュ己澹吇蹇冪殑鏈€浣抽€夋嫨锛屾湁琛ヨ娲昏锛屾粙闃磋ˉ闃筹紝鐢熸触姝㈡复锛屾鼎鑲犵嚗绛変綔鐢ㄣ€傛钁氭湁鏀瑰杽鐨偆琛€娑蹭緵搴旓紝浣跨毊鑲ょ櫧瀚╋紝澶村彂鍙橀粦绛変綔鐢紝鑰屼笖杩樿兘寤剁紦琛拌€侊紝涔熸槸涓€佸勾浜虹殑鏈€浣宠壇鑽€傚畠鍙互淇冭繘琛€绾㈢粏鑳炵殑鐢熼暱锛岄槻姝㈢櫧缁嗚優鍑忓皯锛屽娌荤枟绯栧翱鐥呫€佽传琛€銆侀珮琛€鍘嬨€侀珮琛€鑴傘€佸啝蹇冪梾绛夌梾鐥囨湁寰堝ソ鐨勮緟鍔╂晥鏋溿€傛妞圭壒鍒€傚悎鑲濊偩闃磋涓嶈冻銆佸皯骞村彂鐧姐€佺梾鍚庝綋铏氬急銆佷範鎯€т究绉樿繖浜涗汉缇?鍎跨浣犺兘澶ч噺鐨勯鐢ㄣ€傛妞瑰彲浠ユ礂骞插噣鐩存帴鐢紝涔熷彲浠ユ檼骞茬敤銆?

[Can the leaves of Daqingye be eaten]_Daqingye_How to eat_How to eat

[Can the leaves of Daqingye be eaten]_Daqingye_How to eat_How to eat

Daqingye is widely used in Chinese medicine. It is worth mentioning that this important leaf also has the effect of curing diseases. Sometimes many people use leaves to soak in water. The function of treating diseases is similar to that of Daqingye.The place.

First, can the leaves of the plant big green leaves be eaten directly?

Yes, you can drink soda leaves in water. If you want to eat the leaves, you should be fine.

Second, the usage and dosage of Daqingye In general, Daqingye is a traditional Chinese medicinal material used for decoction or soaking in water.

If dried green leaves are used for decoction, the amount should be controlled between three and five dollars, and fresh green leaves should be between one and two thousand.

In addition, Daqingye can also be taken as a mash, it can be fried with water or directly applied to the affected area, which has a good health effect on the body.

Third, those who are not suitable for taking Daqingye want to understand the contraindications of Daqingye soaking in water, then the most important one is to understand that some people and patients with physical fitness are not suitable for taking Daqingye.

Because of the cold nature of this Chinese medicinal material, we recommend that some patients with spleen and stomach deficiency should not take this Chinese medicinal material to avoid physical problems.

Daqingye has a relatively ancient history of use in the country, so many famous Chinese medicine books have introduced this herb to a certain extent, especially herbal medicines, renewal of herbal medicines, and books with herbal medicines.

Patients with weak spleen and weak spleen should not take this Chinese medicinal material; in addition, people who are not toxic to the heart and stomach need not take Daqingye, otherwise they will be prone to illness and disease; Xiaobian also recommends some evasionPatients should not take Daqingye, otherwise the body will become more and more serious.

Fourth, the identification of Daqingye and other medicinal materials Many people come to Xiaobian to refuse to say that they are foolishly discriminating against roadside cream leaves, blueberry leaves, blueberry leaves, and horse blue leaves. Some herbs have certain characteristics and effectsIs it different?

Fifth, the processing method of Daqingye will pick up the fresh isatis root and remove the impurities and dead leaves. After washing, it can be slightly moistened.

After cutting into pieces, dry them, taking care not to expose them, and finally do the sealing work.

This Chinese medicinal material has a bitter cold taste, but it is not toxic in itself, so it can be used safely in life.

However, Daqingye is a kind of Chinese herbal medicine after all, so we should pay attention to methods and methods in life.

Dongfang Cable (603606): Submarine Cable Revenue Proportion Increases to Promote Significant Increase in Gross Margin

Dongfang Cable (603606): Submarine Cable Revenue Proportion Increases to Promote Significant Increase in Gross Margin

Key points of investment: The company released the first quarter report of 2019 and realized revenue6.

0.6 billion, an annual increase of 4.

25%, net profit attributed to mother 4941.

80,000 yuan, an annual increase of 143.

72% EPS 0.

098 yuan.

Ping An’s point of view: The performance exceeded expectations, and the revenue increased slightly and the profit increased significantly.

In Q1 2019, the company achieved revenue 6.

0.6 million yuan, an increase of 4 in ten years.

25%, net profit attributed to mother 4941.

80,000 yuan, an increase of 143 in ten years.

72%, net profit after deduction is 5088.

30,000 yuan, an annual increase of 152.

2%, the company’s first quarter performance exceeded market expectations.

On the whole, the growth of the submarine cable business is still the core reason for the company’s performance growth. In the first quarter, the company achieved a breakthrough profit increase with a small increase in submarine cable revenue.Expected.

The increase in the proportion of submarine cable revenue contributed to a significant increase in gross profit margin.

In the first quarter, the company’s submarine cable revenue was approximately 2.

9.2 billion, an increase of 0 every year.

8.5 billion, an increase of 41.

09%; submarine cable business accounted for 48% of total revenue.

12%, revenue share increased by 12 every year.

57 units.

Benefiting from the increase in the proportion of submarine cable revenue, the company’s gross profit margin reached 23 in the first quarter.

77%, an annual increase of 6 / mo.


With 24 averages, we estimate that the gross profit margin of submarine 成都桑拿网 cable products delivered in the first quarter exceeded the 2018 average.

The expense ratio has increased, and the asset impairment has decreased each year, affecting the current profit.

In the first quarter, the company’s total sales, management, R & D, and financial expense ratios.

77%, an increase of 1 each year.

7 units; the total expense ratio of management expenses and R & D expenses is 7.

27%, an increase of 1 each year.

57 units are the main reason for the increase in the expense ratio; R & D expenses of 27.51 million yuan are estimated to increase significantly each year.

The asset impairment in the first quarter was 11.53 million yuan, a decrease of 4.46 million yuan each year.

Full orders for hand submarine cables and adjustment of the sea breeze policy are conducive to the long-term development of the industry.

In 2018, the company added new submarine cable orders (including laying) 19.

US $ 600 million, a year-on-year growth of 42%; Since 2019, the company has won bids for submarine cables and laying orders of about US $ 1 billion, which is close to half of the 2018 annual orders.

Considering the approximately one-year delivery cycle of the submarine cable, it is estimated that the company has full submarine cable orders in hand, and the high growth of the submarine cable business in 2019 is highly certain.

Recently, the National Energy Administration issued the “Notice on Wind Power and Photovoltaic Power Generation Construction Management Requirements in 2019 (Consultation Draft)”, which clearly states that projects that have been approved in 2018 cannot enjoy national subsidies corresponding to benchmark wind power prices for offshore power.We believe that more than 6GW of projects have been started by the end of 2018, which can effectively support the installed demand in the next two years; in the medium and long term, the European offshore wind development history plan clearly shows the cost reduction potential of offshore wind power.Re-bidding is equivalent to reducing the supplementary burden of offshore wind power and making room for the future regulation of the construction of offshore wind projects, which is actually beneficial to the healthy development of domestic offshore wind power.

Earnings forecasts and investment advice.

Maintain the company’s net profit attributable to mothers for 2019-20202.

65, 3.

3.7 billion profit forecast, corresponding to EPS 0.

53, 0.

67 yuan, dynamic PE 24, 18.

9 times, we are optimistic about the development of domestic offshore wind power and the company’s submarine cable business, maintaining the “recommended” level.

risk warning.

(1) The supplementary scheme for subsequent offshore wind power projects is not clear, which may affect the pace of domestic offshore wind power development and the demand for submarine cables.

(2) The company’s new submarine cable production base is in the planning and construction stage. If the construction progress of the new capacity is expected gradually, it may affect the release of submarine cable production capacity and the delivery of orders.

(3) Despite the larger production cable of submarine cables, the influx of new entrants will not be ruled out in the future, which may lead to increased competition in the industry.

Sanqi Mutual Entertainment (002555): Q2 Profit Accelerates to Release New Games

Sanqi Mutual Entertainment (002555): Q2 Profit Accelerates to Release New Games

The new game drove the company’s revenue to grow rapidly, and its profits accelerated in the second quarter.

The company achieved 60 in H1 in 19 years.

700 million (+ 84%), achieving net profit attributable to mother 10.

300 million (+ 29%); revenue of 28 in a single quarter.

200 million (YOY + 72%, QOQ-13%), net profit attributable to mother 5.

800 million (YOY + 48%, QOQ + 28%), driven by the new game, the overall income end showed a rapid growth trend, and the net profit gap between Q2 and its mother increased significantly from the previous month. We judge that the company has no new products in the second quarter, Marketing expenses have declined, Q2 sales expenses14.

The 900 million ratio Q1 dropped by 6.

5 ppm, single Q2 marketing expense subsidy 52.

8% QoQ decreased by 13.

2pct, which reflects the characteristics of the company’s game traffic management.

Management expenses fell by 31% last year, mainly due to replacement of assets such as traditional automotive business.

Net operating cash flow has improved, mainly due to changes in the channel accounting period, which is expected to improve in the second half of the year.

In 19 years, the new mobile games made a positive overall performance. The company’s mobile game market share has reached 10%.

In the first half of the year, the company’s mobile game business achieved revenue of 5.4 billion (YOY + 155%), accounting for 89% of the total revenue, and gross profit of 4.8 billion (YOY + 185%).

In the first half of the year, the self-developed mobile games “Continental Land” H5 and “Blades of the Sword” have achieved monthly achievements of over 100 million yuan. The “Elf Festival” has been outstanding since it was launched, ranking third in the AppStore game best-selling list.

The company’s market share in the domestic mobile game market has further increased to 10%, and the company’s highest monthly operation in the first half of the year has exceeded 13.

500 million, with more than 1.

3.3 billion, the highest MAU exceeds 34 million.

With the subsequent domestic and overseas new products coming online in Q3, we believe that the company’s Q3 flow is expected to grow further than Q2, so the revenue end is expected to maintain a high growth rate.

Continue to improve research and development capabilities, abundant follow-up product reserves, and continued development of overseas markets.

The company’s R & D expenditure in the first half of the year3.

200 million (YOY + 23%) to create “Aurora 2.

0 “strategy to continuously enhance product development capabilities.

In terms of new products, the company expects to launch a casual competitive game “Super Ball” and a simulation business game “Code DG” in the second half of 19th. At the same time, SLG-type games have begun to conduct early stage 南京夜网 demonstrations, and it is expected that projects will be launched in the second half of the year.

In terms of overseas markets, the company’s “Eternal Era” and “Douro Continental” H5 have achieved outstanding results in overseas markets in the first half of the year. In the second half of 2019, the company also plans to launch two overseas self-developed products.

In the first half of the year, the mobile games the company is developing include “Super Ball”, “Code NB”, “Code YZD”, “Code S”, “Code DG”, “Dark Descendants”, “Duro Continental 3D”, “Jiangshan and the Beauty (tentative name) “and other 8 sections.

In addition, the company is working hard to create a better cloud game system, including a built-in internal cloud, building a cloud game proxy service, developing a universal framework system for identifying user 深圳桑拿网 interaction, video decoding, and cloud server communication, etc., and actively deploying future 5G application terminals.

profit prediction.

What do we expect the company 2019?
The EPS in 2021 is 0.

97 yuan, 1.

15 yuan and 1.

33 yuan.

With reference to the consensus PE expectations of comparable companies in the industry in 2019, considering the leading position of the company’s game distribution operator, we give the company 19 years?
22 times the target PE, corresponding to a reasonable value range of 17.

twenty one.
34 yuan, maintaining the sustainable market rating.

risk warning.

The performance of new mobile games was lower than expected, the old products were quickly broken down, and overseas markets were risky.

China Micro Corporation (688012) 2019 Third Quarterly Report Review: Significantly Increased Profits, High R & D Expansion, Advanced Card Industry Advance Trend

China Micro Corporation (688012) 2019 Third Quarterly Report Review: Significantly Increased Profits, High R & D Expansion, Advanced Card Industry Advance Trend

Matters: The company released the third quarter report for 2019, and achieved operating income for the first three quarters12.

180,000 yuan, an increase of 24 in ten years.

75%, net profit attributable to mothers1.

350,000 yuan, a substantial increase of 399 every year.

14%, net of non-attributed net profit1.

19 trillion, obviously turned around.

Comment: Benefiting from the construction and business development of domestic flour mills, the company’s revenue has grown steadily.

In 2019, the semiconductor industry was in a doldrums, capital expenditures expanded, and semiconductor equipment demand was weak. Until September 2019, North American semiconductor equipment manufacturers’ monthly replacements were replaced for 11 consecutive months.

Benefiting from domestic wafer fabs, construction of storage plants, demand for semiconductor equipment in the mainland and Taiwan is relatively stable, and the company’s customers 夜来香体验网 and business scope continue to expand. In the first three quarters of 2019, the company’s revenue has grown against the trend and increased by 24.

75% to 12.

18 trillion, single third quarter revenue4.

1.6 billion, down 18 a year.

43%, which is expected to be mainly affected by the downstream wafer and storage factory equipment procurement and company equipment delivery rhythm, and long-term revenue growth will be easy.

Gross profit margin is expected to increase in a single quarter, and high R & D investment is worthy of attention.

The company’s gross profit margin increased in the short term in the first three quarters2.

63pct to 38.

89%, gross margin reached 45 in the third quarter.

21%, up 11 from the previous and the previous month.

75pct and above 6.

82pct, the highest level in the past three years. Considering the slowdown in LED chip production expansion in 2019, it is expected that the growth of single-quarter gross profit margin will be mainly due to the increase in the proportion of more profitable etching equipment replacement.

In terms of period expenses, the company’s sales / management / financial expenses reached 1 in the first three quarters.


75 / -0.

0.2 million yuan, sales / financial expenses decreased by 8 each year.

02% and 115.

66%, the management expenses increase by 9 every year.

23%, sales / management / financial expenses are 11 respectively.

07% / 6.

18% / 0.


The company increased investment in research and development, and the research and development expenses in the first three quarters increased significantly.

82% to 1.

58 ppm, R & D expense rate is as high as 13%, a series of advanced equipment such as extremely high aspect ratio etching equipment and technology, more advanced Damascus etching application equipment, size and MOCVD equipment for wider application fields are under development.
Continuous high-level research and development is dedicated to promoting the advancement of the company’s card slot industry in advance, and new products are successively launched to further enhance its competitive advantage and open up growth space.

In addition, affected by the capitalization of R & D investment, as of the end of the third quarter of 2019, the company’s development expenditure reached 4.

26 ppm, an increase of 31 from the end of 18 years.

19%, highlighting the remarkable results of industrialization of R & D results.
Significantly improved profitability, with too many orders in hand adding momentum to subsequent growth.
The company achieved net profit attributable to mothers in the first three quarters1.

350,000 yuan, a substantial increase of 399 every year.

14%, net interest rate reached 11.

08%, a significant increase of 8 per year.

31 points.

Net profit attributable to mothers in the third and third quarters1.

50,000 yuan, a sharp increase of 159 previously.

53%, single quarter net profit reached 25.

The extremely high level of 1%, the increase in net profit attributable to mothers depends on the growth of gross profit margin in the third quarter, and other revenues in the first three quarters of receiving government subsidies increased to US $ 71,670 billion.The net interest rate still reached 10.

67% higher level.

From the balance sheet end, as of the end of the third quarter of 2019, the company’s inventories and advance receipts have reached 14 respectively.

500 million yuan and 7.

0 million yuan, the company has too many orders in hand, the future growth momentum is redundant.

Profit forecast, estimation and investment rating: Considering the effect of the company’s gross profit margin increase, we increase our profit forecast and expect the company to achieve net profit attributable to mothers in 2019-2021.

92, 2.

51 and 3.

62 trillion (previous forecast value of 1.


43 and 3.

410,000 yuan), corresponding to EPS 0.

36, 0.

47 and 0.

68 yuan (the original forecast was 0.

30, 0.

46 and 0.

64 yuan), corresponding to PE 180, 138 and 96 times.

Considering that the science and technology board evaluation system is not yet perfect, and it is not rated for the time being, it is recommended to pay attention.

Risk Warning: The downstream production expansion is less than expected, the advancement of semiconductor equipment localization is less than expected, the company’s research and development progress is less than expected, and the company’s new product industrialization progress is less than expected.