How to solve the impact on the wealth of low- and middle-income families under the epidemic?Expert interpretation

How to solve the impact on the wealth of low- and middle-income families under the epidemic?Expert interpretation
On April 21st, the China Family Finance Survey and Research Center of Southwestern University of Finance and Economics and the Research Institute of Ant Financial Services Group jointly released the “Trend Trend of Chinese Family Wealth under the Epidemic Situation-China Household Wealth Index Survey Report (2020Q1).It is reported that the investigation time of this report is February 21 this year?On March 10th, the quotation is mainly issued to active users of Alipay. Compared with the fourth quarter of 2019, 100 is unchanged. A value greater than 100 means an increase, and a value less than 100 means a decrease.The report shows that the epidemic has transmitted shocks to low- and middle-income families.Is the annual income before tax less than 50,000 (inclusive) and less than 50,000?The coefficient of the stability index of domestic work in the 100,000 range is only 69 respectively.1 and 88.5. The work stability of families above 300,000 yuan has not been affected, reaching 105.2.At the same time, the above two groups also showed that their income was affected by the impact of the epidemic, but their expenditures were rising rapidly.Among them, the household wage income index and daily expenditure index of annual income before taxation of less than 5 million were 62 and 128, respectively.6; at 50,000?The index for households in the 100,000 range is 85 respectively.1 and 125.4.The report also said that in the context of the improvement of the epidemic, household savings are expected to continue to rise, more than half (50.2%) households will reduce consumption and increase savings, only 9.4% of households reduce savings and increase consumption. If there is no large-scale policy to stimulate consumption, the second quarter of “retaliatory” consumption may not be high.Jia Kang: The main focus of the multi-pronged approach is to support the disadvantaged groups first. The director of the China Academy of New Supply Economics Jia Kang said that under the impact of the epidemic, the most severely affected are the lowest income class and second only to the lowest income class.Of freelancers, therefore, our policy orientation is precisely in the central government to highlight the protection of people ‘s livelihood and employment, and we must focus on the group of low-income and freelance and flexible employment, they are the most worthy of consideration to give the necessaryTo support and support members of society, of course, we need to do a multi-pronged approach to form a systematic project using a variety of means, and the first priority is to support the bottom and help vulnerable groups.Li Zhenhua: At present, there is a lack of good channels to direct central funds to support individual households, such as the executive director of the Ant Financial Services Group Research Institute, Li Zhenhua said that the income of low-income families, freelancers, and individual households is affected by the epidemic.Because a large number of them are self-employed, operating some small shops, or other business entities, their return to production is not in good condition, which affects their income.For this group of people, the reduction may need to support them to alleviate the liquidity problem; the second aspect, the most fundamental thing is to improve their resumption of production and production, provide adequate credit fund support, accelerate the resumption of production, and stimulate consumptionWay to increase turnover, so as to fundamentally ease the impact of the epidemic on them.In fact, relevant UN departments have issued a document to support small and micro enterprises and individual businesses.For example, stipulating that policy banks will increase a special credit line of 350 billion yuan to issue to private, small and medium-sized enterprises at a preferential interest rate; increase the re-loan and rediscount amount of 500 billion U.S. dollars, mainly for small and medium-sized banks to increase credit support for small and medium-sized enterprises.All are good measures.However, for micro-enterprises and individual industrial and commercial households, in fact, there is still a need to have a very good channel to reach the policy of the central and financial regulatory authorities to reach a decline. Under the current circumstances, there is still a lack of good channels to control the central governmentThe funds are directed to support them, because they are too small, and are often not the services of ordinary banks, and it is difficult to know what their needs are.Li Hongbin: Ensuring the employment of low-income people is the top priority. Li Hongbin, a senior expert at the Institute of Economic Policy of Stanford University, said that the epidemic has hit the low-income people very hard, but the marginal consumption possibilities of low-income people in any economy are the highest.It may cost eight cents to give him a dollar, but he may spend very little to give a millionaire 10,000 yuan, because he no longer needs to spend it, so the marginal consumption of low-income people is the highest.From a policy perspective, if the employment of low-income people is guaranteed and their income guaranteed, the average consumption of the country will be increased even more.Therefore, ensuring the employment of low-income people is a top priority.These people are mainly employed in small and medium-sized enterprises. The specific policies (to protect small and medium-sized enterprises) are nothing more than tax reductions, social security reductions, and even government subsidies. If such enterprises give them continued employment, the government can give appropriate supplements.Sauna, Ye Wang Pan Yichun Editor Li Weijia Proofreading Li Ming

Wang Danfeng: Fenghua peerless Xiao Zhouxuan, now still remember the little swallow

Wang Danfeng: Fenghua peerless Xiao Zhouxuan, now still remember the little swallow
The episode “Little Swallow” in the movie “Nurse’s Diary” has become the eternal golden song of the times because of the catchy melody, and the starring Wang Danfeng is also the singer of this song.Chinese Hong Kong singer Luo Wen once recalled, “When I was in primary school in Guangzhou, the class was divided into two groups.One school fan Wang Danfeng, another school fan Wang Xiaotang.我是王丹凤迷,凡是她演的电影,如《护士日记》《海魂》《家》等片,我上映一部看一部,《护士日记》我都看了三遍,插曲‘小燕子’I recite them all, and I can still sing from beginning to end.”Birthplace: Shanghai Life: 1924-2018 Former Name: Wang Yufeng Work Unit: Shanghai Film Studio Zhu Shilinhui sees” Phoenix “,” Xin Yu Guangqu “has become the radiant beauty on the classic screen, and Wang Danfeng left it to the audienceFirst impression.And “somewhat like Wang Danfeng” also became one of the expressions of the beauty of the time.She was called “the most beautiful star in the fifties”. When she was living in the United States, Zhang Ailing mentioned in her letter to her friends that “Ningbo people are more beautiful, such as Wang Danfeng .” Influenced by his father who loves local drama, his ancestral homeDanfeng Wang in Ningbo, Zhejiang, has loved watching movies since childhood, treating Zhou Xuan, Yuan Meiyun, Hu Die and others as her “youth idols”. When graduating from junior high school, she was discovered by director Zhu Shilin when she was invited by a friend to visit Tianyi Film Company.”Longtan Tiger Cave” played a little girl.Zhu Shilin placed high hopes on her, and specially changed the original name of “Wang Yufeng” to “Wang Danfeng”, which meant “Danfeng Chaoyang”.In 1941, 17-year-old Wang Danfeng made his debut in the film “Xin Yu Guangqu” and was called “Xiao Zhou Xuan”. He performed and sang well and became one of the hottest female stars of the year.Years later, when someone mentioned Wang Danfeng’s title of “Little Zhou Xuan”, she would still say a little shyly: “I’m much worse than Zhou Xuan. Zhou Xuan is really famous and looks pretty.Since then, Wang Danfeng has participated in films such as “Female Hairdresser”, “Peach Blossom Fan”, “Three Flowers”, “Carnival” and “Two Generations of Women”. During his filming in Hong Kong, fans have spread throughout Southeast Asia, affecting the entire Chinese community.From the film in 1941 to the film in 1980, she left more than 50 classic art images on the screen. Her elegant temperament has made her one of the most shining movie stars in people’s minds.Yeye acting and “fearing” acting Wang Danfeng has a large number of fans, but he doesn’t like to communicate or take an active role. Whenever a director finds her in a new play, her first reaction is to hesitate and worryYou ca n’t play well, or you have to do a lot of homework in advance to take over the role.She has experienced many careers such as nurses, barbers, and ticket sellers. In order to experience the role, she went to the countryside for half a year, learning to plant rice seedlings, going to the fields, turning over the soil, and eating and living with the villagers. She only returned home once a month.”During the day, I did farm work together. I transplanted rice and turned the soil to learn. They wore a big straw hat, and I also wore one. This experience is good, and it will be natural to play a peasant in the future.囡囡 “.Wang Danfeng plays Jian Suhua in The Nurse’s Diary.Before appearing in the female lead of “Nurse Diary” Jian Suhua, Wang Danfeng had never played such a new Chinese female role. She made a special trip to Shanghai Nursing College to visit nurses who are about to graduate.And at the Baotou Iron and Steel Plant in the location, they went deep into the young female workers and learned about their lives.The director asked her to sing the theme song in person, and she quickly refused, on the grounds that she was not professional, and she should be invited by a professional singer to sing until the director convinced her with the setting of the character itself.After the movie was released, the people who signed up for the Shanghai Nursing School lined up a long queue.In 1962, when Tianma Film Studio filmed the comedy “Female Hairdresser”, Wang Danfeng was worried that the starring role in the tragedy would become an uncontrollable comedy role, and it would be difficult for the audience to accept it. He said to the director, “You are wrong.”After taking the show, she went to the Shanghai famous barber shop Shanghai Nanjing Road Barbershop Liu Ruiqing as a teacher. Every day, she learned to cut her hair and shave on time. In the film, she always used the white cloth to dust the chair and was inspired by her experience.Fans of the rare news line up in front of the barber shop, just want to see Wang Danfeng’s style.The movie “Peach Blossom Fan” is the turn-over work of Western Film, which was only five years old at the time. Wang Danfeng, who has been in the puzzle for many years, plays all the day and plays silently in order to play the young and beautiful Li Xiangjun, and the movie editor Xue Xiaoqiang isHer fan, he once recalled Wang Danfeng’s article: “What impressed me the most is that she works extremely seriously, and there is no celebrity shelf for approachability.”We were filming next to the West Lake at that time, but she didn’t go out very often. In a small house of 15 square meters, she often endured the heat and humidity and carefully read the script and used the book to record her performance.”Wang Danfeng once recalled that she was even embarrassed to look back at the early filming scenes, especially the part she performed, “I ca n’t see it anymore. I was inexperienced at the time. I was still scared of filming. I ‘m afraid people wo n’t give me a playAfter filming, I found out that it didn’t. Many people asked me to film, so my courage slowly grew.”Take the initiative to take a rest,” Don’t ruin the good impression of the past “In 1980, 56-year-old Wang Danfeng starred in the last work of his career” Jade Butterfly “, in the film from 16 to 60 years old.She once recalled that she felt uncomfortable when shooting young scenes, “I know that my age and the distance between the characters are relatively large, and I can like this role again, so it is more contradictory.The only way is to get into the play and don’t think about age or age.”So she insisted on getting up at 4 o’clock every morning and was never satisfied with her makeup. She had almost strict requirements on her image and acting on the screen.After taking pictures, she set herself three principles: not to participate in activities, not to accept interviews, and not to take pictures with others.She said: “I have to be worthy of my old audience and let them know that Wang Danfeng is still the ‘little swallow’ in their minds.”I’m a little sad in my heart, but there are few suitable scenes. Don’t ruin the good impressions of the past.””It wasn’t until the 20th Shanghai International Film Festival awarded the Lifetime Achievement Award that she appeared in front of the audience in a wheelchair.Wang Danfeng’s daughter Liu Xin recalled that in order to give the audience a good impression, Wang Danfeng meticulously prepared meticulously and said, “Hello everyone, thank you for the honor given to me by the Shanghai International Film Festival, I wish the Chinese-language movies become better and better”For more than two weeks, I recite these words every day.The host, Cao Kefan, had an unforgettable last long conversation with Wang Danfeng, “She wrote four words on the guest book of my guest, and I feel that it is deafening to read, that is, ‘deep into life’.”In Liu Xin’s impression, Wang Danfeng was very low-key, and did not participate in social activities outside of work, and ran home on his bicycle after work.”Mom doesn’t like to be in the limelight and has no disputes with the world.However, even at home, my mother will work very hard. Before the start of each drama, my mother will always take the script home, read the script after dinner, read it word by word, and think about it sentence by sentence.”Actor Liang Polo recalled the experience of meeting with Wang Danfeng at the opening ceremony of the film festival. I remember that Wang Danfeng was low-key and unpretentious.She admires beauty and pursues beauty. Even in the period of hardships when supplies are scarce, she will change the color of the fake yarn collar in the winter and embellish the winter clothes that are not blue or black.Sauna, Ye Wang Li Yan editor Huang Jialing school against Zhai Yongjun

[Does Flammulina velutipes use boiled water]_Eating method_How to do

銆 愰 噰 阍 堣 弣 鐢 ㄧ 劘 姘 Village 銆 抱 撱 咩 塶 _ 許 庝 箞 锅?
閲戦拡鑿囨槸鎴戜滑楗閲岄潰寰堝父瑙佺殑涓€绉嶉鏉愶紝骞朵笖璁稿鏈嬪弸瀵逛簬閲戦拡鑿囦篃鏄潪甯稿枩鐖辩殑銆傞噾閽堣弴鐨勫仛娉曞湪鐢熸椿涓繕鏄湁寰堝绉嶇殑锛屽湪鍒朵綔涔嬪墠鏄笉闇€瑕佽繘The problem is that you have to use the tweezers and the tweezers to keep up with them. You will be able to find out how to do it, and you will be able to see how the chain is going up and down.祦澶变簡鏈綋鍐呯殑涓€浜涜惀鍏绘垚鍒嗭紝鐢氳嚦杩樹細褰卞搷鍙f劅銆傞噾閽堣弴涓嶄粎鍛抽亾椴滅編,婊戝What’s the matter, the key is that you’re in front of the world, you’re in trouble, right?Do you have any questions about it?鐢变簬椴滈噾閽堣弴鍚湁绉嬫按浠欑⒈,椋熺敤涓嶅綋浼氬鑷翠腑姣掋€傛柊椴滅殑閲戦拡鑿囧惈鏈夌姘翠粰纰?浜洪鐢ㄥ悗瀹规槗鍥犳哀鍖栬€屼骇鐢熸湁姣掔殑浜岀姘翠粰纰?What’s the difference? What’s the problem? What’s the difference? What’s the difference? What’s the difference? What’s the difference? 30.Hao?浼氬嚭鐜板捊骞茬瓑鐥囩姸,濡傛灉澶ч噺椋熺敤杩樺彲鑳戒細寮曡捣鍙戠儹绛変弗閲嶇棁鐘躲€備絾鏄?Press the button, press the button, press the button, and the key is the same as the one in the Kamura Village?鎵€浠ラ鐢ㄦ柊椴滈噾閽堣弴鍓?援 斪 捪 鍐 黐 黃 掛 Zhou Xian tells the scene 1 technetium?灏忔椂銆傜粡杩囨蹈娉″悗,閮ㄥ垎绉嬫按浠欑⒈浼氭憾瑙d簬姘淬€傛帴涓嬫潵,鎴戜滑杩樿鐢ㄦ哺姘寸劘涓€涓?涓€鏂归潰璁╁墿浣欑殑绉嬫按浠欑⒈鏇村鐨勬憾瑙e嚭鏉?鍙︿竴鏂归潰鏄姞鐑彲浠ョ牬鍧忕姘翠粰纰便€傜浉鍏崇爺绌惰瘉鏄?绉嬫按浠欑⒈寰堟€曠儹,澶х伀鐓崄鍒嗛挓宸﹀彸灏辫兘琚牬鍧忋€備竴鑸潵璇?缁忚繃娴告场鍜岀劘姘村鐞嗗悗,閲戦拡鑿囦腑鐨勭姘翠粰纰卞熀鏈笂宸茬粡鎵€鍓╂棤鍑犱簡銆傝繖鏃跺€欐Are you afraid of each other’s performances? Look at each other and look at each other?Sister Lu Tong?Read the chisel chimneys and stolen chimneys and stolen chicks and squirts, and look at the chains and the chains, and walk around the Han hoops, the chains, the sisters, the chisel, the chimneys, and the chains?銆 侀 抷 鑳 呗 呐 Read?閲戦拡鑿囧彲闃绘姂鍔ㄧ墿鍥犲杺楗叉枡鑰屽紩璧风殑琛€鑴傚崌楂?Awesome reading?鑳介槻娌诲績鑴戣绠$柧鐥呫€?Sister Lu Tuo’s mother and daughter: Are the rules and regulations for the monk, the monk, the monk, the man, the man, the man, the man, the man, the man, the man, the man?The elder sister is in the middle of the mat, and the daughter is in the middle of it?

[Is the effect of treating the kidney stones with chicken gold]_ kidney stones _ chicken yellow skin _ efficacy

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[Can you eat grapes in the second month of pregnancy]

[Can you eat grapes in the second month of pregnancy]

The grape contains a necessary nutrient component of the human body, that is, glucose. After a person eats grapes, glucose can be directly converted into the body’s needs, so grapes can be said to be very important to the human body.

And because grapes contain a lot of fructose, if you use grapes to make wine, it also becomes a popular fruit wine.

But when a woman is two months pregnant, can she still eat grapes?

Can grapes be eaten in the second trimester of pregnancy? Grapes are used as medicines to treat diseases. Medical doctors of different ages have divided them into treatments, which can be used to treat weak energy, heart palpitations, night sweats, rheumatism, cold and coughing in the lungs, cold and cough in the gums, and sores.Symptoms are also effective for pregnant women.

Some people in Canada have also found that grapes and their products are resistant to viruses.

The magical power of grapes is that they are rich in glucose and fructose.

The staple foods such as rice that people eat on a daily basis must be converted into glucose and glucose to be absorbed by the human body, and grapes can be directly absorbed by the human body when they are eaten into the stomach, and quickly converted into energy for human activities.

Grapes also contain a variety of organic fruit acids that promote food digestion, absorption, and excretion, as well as non-reducible proteins, vitamins and minerals such as calcium, phosphorus, and iron.

Therefore, pregnant women can eat grapes, and pregnant women eat grapes to have a good fertility effect.

In addition, pregnant women eating grapes can also benefit vitamin brain development and improve the baby’s dark skin tone!

Precautions for pregnant women to eat grapes 1. Pregnant women cannot drink water immediately after eating grapes.

The grape itself has a laxative effect. After drinking the grapes, drink water immediately, and the stomach has no time to digest and absorb. The water dilutes the gastric acid. The grapes and water, the gastric acid oxidizes sharply, fermentation, and the rotation of the peristalsis is accelerated.

However, this kind of diarrhea is not caused by bacteria, and it will be cured after diarrhea.

2. Pregnant women cannot drink milk immediately after eating grapes.

Grapes contain vitamin C, and the elements in milk will reflect vitamin C in grapes, which is very harmful to the stomach. Taking both at the same time will cause diarrhea, and severe cases will vomit.

So you can’t drink milk just after eating grapes, suggestion: it is best to drink milk after 30 minutes after eating grapes.

3, pregnant women should not eat too much grapes.

Due to the high sugar content of grapes, people with diabetes should pay special attention to avoid grapes.

Pregnant women should be on guard against diabetes during pregnancy, so pregnant women should eat grapes in moderation.

4. It is advisable for pregnant women to eat aquatic products at an interval of 4 hours after eating grapes, so as to prevent the implanted acid in grapes and calcium in aquatic products from forming difficult-to-absorb substances, which affects health.

5. The grapes should be cleaned thoroughly.

There may be residual dirt on the grape skin, and it is inevitable that the grape skin will be touched during the consumption of grapes. Do not forget to eat hygienically.

[Can lettuce salad lose weight]_lettuce salad_weight loss effect_weight loss effect

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Shanxi Fenjiu (600809) semi-annual report review: Bolifen’s explosive growth, the province’s external growth driving force

Shanxi Fenjiu (600809) semi-annual report review: Bolifen’s explosive growth, the province’s external growth driving force

Key points of investment: The company released its 19-year interim report and achieved revenue of 63 in 1H19.

800 million yuan, an increase of 22.

3%; net profit attributable to mother 11.

900 million yuan, an increase of 26.

3%.

In the second quarter of 19, revenue was 23.

200 million yuan, an increase of 26.

3%; net profit attributable to mother 3.

1.3 billion, an increase of 38%.

Ping An’s view: 2Q19 revenue, net profit growth basically in line with expectations.

Blue and white, Laobaifen maintained rapid growth, Bolifen’s growth accelerated.

In 1H19, the revenue of Qinghuafen wine with a wholesale price of 200 yuan / bottle increased by about 20%, and the old Baifen series (including Panama) with a wholesale price of 100-200 yuan / bottle increased by 10-20%. The biggest highlight is the wholesale price of 40.-50 yuan / bottle of Bfen, the revenue growth rate is estimated to reach 50-60%, 36% of the earlier 18 years has further accelerated. It should be the transformation of wineries to increase the speed of national expansion. Bophin is fast in this price band.Grab market 杭州桑拿 share.

In addition, the revenue from the preparation of Jiuzhuyeqing increased by 33% to 2 trillion, including a series of wine sales of Fen and Xinghuacun4.

8.1 billion, it is estimated that it is almost flat every year. Among them, Fen Brand has declined due to internal adjustments. Xinghua Village has grown rapidly.

At the end of the second quarter of 19, the balance of advance receipts was 14.

800 million, previously, the chain increased by 6 respectively.

6, 2.

800 million, should be spared for the second half of the year.

Outside the province has become the main driving force for growth, and the province has continued its steady growth momentum.

In 1H19, Fenjiu realized revenue receipts 31 in Shanxi Province and outside the Province.

500 million, 31.

7 ‰, an increase of 9 in ten years.

7%, 48.

8厦门夜网%, the scale outside the province exceeded the province for the first time.

In 2019, Fenjiu increased its expansion outside the province and vigorously explored core terminals with good results.

Due to the high market share of Fen liquor in Shanxi Province, 9.

The 7% growth rate basically reflects the market growth rate.

Looking ahead to 2019 and 2020, outside the province will still be the main source of growth for Fenjiu, and there is room for growth.

Multi-factors helped increase gross profit margins, and expansion outside the province pushed up expense ratios.

The gross profit margin in the second quarter of 19 was 70.

6% up 3 per year.

3Pct, or due to three factors: December 18-19 March, Fenjiu purchased the Group’s wine assets several times (1H18 shares sold the Group’s liquor products in a connected transaction mode, the gross profit margin was low); 2Q19 yields were lowered;Bolifen and blue and white fen wine 1H19 raise prices.

The sales expense ratio in the second quarter of 19 was 23.

02%, up 4 a year.

47Pct, it should be a winery to rapidly develop terminals outside the province, increase the upfront cost, and increase competition in the industry.

The management expense ratio in the second quarter of 19 was 7.

39% (including research and development), rising 0 in ten years.

42Pct, mainly due to the increase in employee compensation, is basically normal. The prospect of nationalization is good, and the recommendation level is maintained.

In the base market of Shanxi Province, Fen Jiu has an absolute leading edge. At the same time, as a fragrance-type leader, it has a natural national gene.

The company has initially completed the reform of the sales system, rationalized the product mix, and promoted the expansion outside the province through the product mix of “second high-end blue and white + low-end Bfen”.

Considering the increasing market competition leading to an increase in expenses, the EPS forecast for 19 and 20 years is lowered by about 4% and 5% to 2.

20, 2.

66 yuan, an increase of about 30 a year.

6%, 21%, PE is about 32.

0, 26.

4 times, maintaining the “recommended” level.

Risk reminders: 1) Downside risk of liquor industry.

The spirit of the liquor industry is highly correlated with the price trend. If the price of liquor drops, it may lead to a significant increase in corporate revenue.

2) Leader change easily leads to business fluctuation risks.

Liquor companies are greatly affected by business strategies, such as mergers and acquisitions, which may lead to corporate revenue and significant changes in profits.

3) Policy risks.

The liquor industry demand, tax rate, etc. are affected by policy changes. If related policies change, it may transform corporate revenue and profit may have a conversion impact.

San Aifu (600636) semi-annual report comment: after deducting non-return to motherhood, multi-year growth of 45% launched share repurchase plans to implement the implementation of equity incentives

San Aifu (600636) semi-annual report comment: after deducting non-return to motherhood, multi-year growth of 45% launched share repurchase plans to implement the implementation of equity incentives

Operating income is reduced by 38 each year.

72%, net profit after deducting non-attribution to mothers increased by 44.

69%.

On August 23, the company released its semi-annual report, and achieved operating income of 5 in 19H1.

57 trillion, a decrease of 38 a year.

72% (Q1, Q2 revenue and growth rate were 2 respectively.

7.7 billion.

-37%; 2.

7.9 billion, -40%); net profit attributable to mother-1680.

60,000 yuan, a year-on-year decrease of 107%; non-deduction (after deducting the impact of the 17-year stock payment 北京桑拿洗浴保健 on expenses) is attributed to the net profit of the mother 0.

12 ppm, an increase of 44 in ten years.

69%.

The decrease in revenue was mainly due to the company’s initiative to expand the scale of the original fluorine chemical business, and the decrease in net profit attributable to the parent was mainly due to the non-recurring impact of share payment matters on expenditures and other expenses.

At the same time, the company announced a plan to repurchase shares and plans to repurchase no less than 446.

90,000 shares, not more than 893.

90,000 shares are available for equity incentives.

The company intends to repurchase the RMB common stock (A shares) issued by the company through a centralized bidding transaction, with a maximum repurchase price.

15 yuan / share, the minimum number of repurchases is 446.

It is estimated that 940,000 shares have a repurchase amount of 7,218.

30,000 yuan; the maximum repurchase price is 16.

15 yuan / share, the maximum number of repurchases is 893.

Estimated 80,000 shares, the repurchase amount is expected to be 1.

4.4 billion.

The number of shares repurchased this time is not less than 446.

90,000 shares (1% of the total share capital) and not more than 893.

90,000 shares (accounting for 2% of the total share capital) (both inclusive), all the repurchased shares will be used as the source of stocks for the implementation of equity incentives in the future.

The term of this repurchase does not exceed 12 months from the date when the repurchase program is adopted at the shareholders’ meeting.

Avia 19H1 achieved operating income1.

02 million, a decrease of 4 per year.

53%; Net profit-13.48 million yuan, excluding the impact of the payment of shares on the payment of 4043 million, net profit of 26.95 million yuan.

2019 is the first full operating year since the company completed its mergers and acquisitions and reorganizations. It is the first year that Avia has entered normal operations after completing its performance commitments.

In accordance with the strategic development plan, the company continued to advance research and development management, market expansion, and business collaboration, among which the work has taken the pace of possession.

Maintain the profit forecast and give a BUY rating. The company mainly operates smart education equipment business and provides integrated education information service solutions.

Among them, the smart education equipment business mainly refers to the integration of research and development, production, sales, and service of educational information products, launching innovative educational video recording and broadcasting hardware and software products, and providing rich video application solutions.

The business is mainly implemented by a wholly-owned subsidiary, Guangzhou Ovia Electronic Technology Co., Ltd.

We estimate that the company’s net profit for the years 19-21 will be 2.

3 billion, 2.

5 billion, 3.100 million, PE is 18x, 17x, 14x.

Risk warning: Ovia’s order situation exceeds expectations, and the progress of equity incentives exceeds expectations.

BTG Hotel (600258): Performance Meets Expectations Planned 19-Year Expansion of Store Expansion

BTG Hotel (600258): Performance Meets Expectations Planned 19-Year Expansion of Store Expansion
Profit: The growth of performance is in line with expectations. Large investment income contributed profits. The company’s revenue increased slightly in 2018, and large investment income contributed high growth in profits.In 18 years, the company realized operating income of 85.39 ppm, an increase of ten years.5%, net profit attributable to mother 8.570,000 yuan, an increase of 35 in ten years.8%, net profit after deduction 6900,000 yuan, an increase of 16 in ten years.0%; EPS is 0.88 yuan / share.Of which 18Q4 belongs to the mother’s net profit 5551.700,000 yuan, down 31 each year.0%; deduction of non-net profit 2579.830,000 yuan, down 48 every year.4%.18 years of non-recurring profits and losses1.USD 6.7 billion, of which the sale of 20% of Yanjing Hotel generated pre-tax investment income1.2.6 billion, affecting a net profit of 94.59 million. Subsidiaries: Rujia Hotel Group achieved higher growth, and the growth of the first travel hotel was stable. Rujia Hotel Group achieved revenue of 71 in 18 years.54 ppm, a ten-year increase1.5%, to achieve net profit attributable to mother 8.110,000 yuan, an increase of 25 in ten years.54%.Nanshan Scenic Spot has achieved revenue 4 in 18 years.50 ppm, an increase of 18 in ten years.80%, net profit 1.31 ppm, an increase of 20 in ten years.03%.Beijing Lun Hotel Jinglun Hotel, Beijing Brigade Jianguo and Xinyan have achieved net profit of 16.12 million, 15.61 million and 3.06 million, an increase of 10%, 4.4% and 171%. Operating data: Hotel expansion 南宁桑拿 accelerated in the fourth quarter, and RevPar’s growth trend remained unchanged until December 31, 2018. The number of company hotels was 4,049, of which 720 were mid- to high-end hotels, with a store ratio of 17.8%.In terms of store expansion, a total of 622 new stores opened in 2018, including 84 new stores in Q1 / Q2 / Q3 / Q4, 135, 156, and 247 stores. The speed of store openings has accelerated, and 337 stores have gradually increased.There are 208, 243, and 171 hotels in the economy, new high-end hotels, and other hotels, respectively, reaching 3025, 720, and 304.As of the end of 18 years, there were 530 reserve stores. The overall growth rate of Home Inn’s RevPar has dropped month-on-month due to the influence of the base number. The average room rate has maintained a high growth.The overall RevPar of Home Inns in 2018 was 156 yuan, an increase of 4 per year.2%, with an average house price of 188 yuan / night, an increase of 7 over.4%, occupancy rate of 83%, falling by 2 every year.5 points. Budget hotels performed consistently in the mid to high end.For example, Revpar’s mature hotel Revpar in 2018 was 154 yuan, an annual increase of 2.8%; the average house price is 183 yuan, an annual increase of 5.2%; occupancy rate 84.5%, down 2 every year.0pct.Among them, the economic same-store, high-end same-store RevPar were 144 yuan and 277 yuan, respectively, and the multi-year growth rates were 2 respectively.7% and 2.3%. Investment suggestion: The performance is in line with expectations. In 19 years, we focused on the distribution of incentives and the expansion of mid-to-high-end brands. The company’s performance in 2018 was in line with expectations. The annual report revealed that the company plans to open more than 800 new stores in 2019.Compared with previous years, it has improved significantly.We believe that the rebalancing of incentives will be implemented, and the company’s development speed is expected to improve. In the future, the company will upgrade its direct-operated stores and develop mid-to-high-end brands. The company’s prospects are still promising.The company’s EPS for 19-21 is expected to be zero.93/1.13/1.31 yuan / share, corresponding PE is 24/20/17 times. At present, the average price-earnings ratio (TTM) of domestic hotel targets is 29 times. Considering the company’s branding speed, the reasonable value of 30 times PE in 19 years is 28 yuan / share.Stocks, maintain “Buy” rating. Risk reminder: The macroeconomic growth rate affects the hotel’s operating performance, the mid-range hotel expansion progress is less than expected, and the direct-operated store renovation and upgrade effect is less than expected.

How to prevent halo during moxibustion?

How to prevent halo during moxibustion?

As early as in “The Yellow Emperor’s Canon”, he has mentioned the prevention of halo needles too much: “Sting without thorns and drunk is irritating; without thorns and anger, it makes qi reversal; without thorns and overworkers, without thorns and fullPeople, stingless and hungry people, stingless thirsty people, stingless staggering “(” Su Wen · Stabbed Forbidden Theory “).

In fact, halo moxibustion is also feasible.

So how to prevent dizziness during moxibustion?

Modern prevention is mainly psychological and physical.

  (1) Psychological prevention is mainly aimed at people who have suspicion, fear, or crying, laughing, screaming, shivering, avoiding, or having muscle tension during acupuncture.

Patients with changes in autonomic nervous system and endocrine function such as pupil, blood pressure, respiration, heartbeat, skin temperature, complexion, and sweating.

Routine psychological prevention was performed, and adverse reactions such as halo acupuncture occurred in the fracture.

There are three methods: language induction: before moxibustion, patiently explain the specific method of acupuncture to patients, and explain the feeling, degree and way of acupuncture that may occur in order to gain the trust and cooperation of patients.

  Relaxation training: For patients who are calm, depressive, easy to focus, and with an introverted personality, make them stare at an object, and then start moxibustion after they have completely entered the state of self-meditation.

  Diverting attention: For patients who are irritable, active, distracted, and extroverted, they can make the patient do some simple quick mental calculations, or ask them some small questions, and use their vision, auditory function, and thinking activities to divert their focusTo promote local tissue relaxation.

  (2) For patients with high blood pressure for physical prevention, it is advisable to eat properly before moxibustion; those who are too tired should rest until their physical strength is basically restored.

Especially for those who have a history of halo acupuncture or halo moxibustion, it is best to use the lateral position to simplify acupoints and reduce the amount of stimulation.

  During moxibustion, patients should be treated as soon as they have symptoms of aura.

After the treatment, it is better to prescribe the patient to rest in the consultation room?
Leave after 10 minutes to prevent delayed syncope.