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[How to make a cream raisin cake roll]_Homemade method of a cream raisin cake roll_A recipe of a cream raisin cake roll_How to make a cream raisin cake roll
The practice of creamy cake roll is mainly to grasp the taste. Pay attention to preparing the seasonings that need to be used. Cooking wine, chicken essence, and soy sauce must be prepared. Pay attention to distinguish the taste. It is best to add the seasoning when the food is out of the pot. According to personal tasteAdd the right amount of spices and serve on the plate to enjoy the delicious.
1. Required materials 2. Separate egg whites and yolks, add 20 grams of granulated sugar to the yolks, mix and melt, then add milk, corn oil, salt, raisins and stir well. 3, sieve in low powder and stir evenly, don’t overdrawStir in a circle to avoid creases and affect the effect of the cake. 4. Add a few drops of lemon juice to the egg white. Add 60 grams of three molecules of white granulated sugar to start the fisheye. Add the remaining white sugar when the protein can draw texture., The protein can be bent sharply, 5, put the extra protein into the egg yolk upside down and mix evenly (at this time the oven is preheated 180 degrees) pour all the egg yolk into the egg whites and stir evenly into the baking sheet lined with greaseproof paper, Smooth and shake 2 times.
6, 0 minutes, the buckle on the grill to remove the oily paper.
7, pass and smear the cream and roll for 10 minutes, you can cut the source of the food in the restaurant. We do n’t know the hygiene, and the hygiene may not be guaranteed. The method of creamy cake roll is simple, and you can also ensure the hygiene.
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Nanxing Equipment (002757) In-depth Report: Panel Furniture Machinery Steadily Increases IDC Operation Sets Off
Key points of investment: High-quality enterprises of panel furniture machinery, the layout of IDC operations is poised for development.
The company is the first domestic furniture and equipment manufacturing company to enter the A-share market. In March 2018, it acquired the only network to form a dual-main business business layout: the parent company has 248 inventions, utility models and design patents, and has a wide range of products.It mainly includes CNC series machining centers 杭州夜网 for panel furniture, computer panel saws, automatic edge banding machines, CNC drilling, automation and other series of equipment. The only network of the subsidiary has 39 software copyrights and 2 patent applications. The main business includes server hosting andInternet infrastructure integrated services such as lease, bandwidth lease, cabinet and space lease, cloud computing, network security, etc.
In the second quarter of 2018, the company will consolidate the only network division consolidated report to achieve real revenue11.
29 ppm, a 44-year increase of 44.
53%, net profit attributable to mothers1.
64 ppm, an increase of 51 in ten years.
Edge computing helps, and the only network development is entering a period of possibility.
From the perspective of market space, the global and domestic data center market sizes were USD 46.6 billion and USD 65 billion in 2017, of which medium and large-scale data centers grew rapidly.
However, after the development of the “cloud + end” industry model in the 5G and IoT era, the demand for Internet infrastructure resources at the edge interconnection will increase.Ushering in good development opportunities.
The unique network has formed a differentiated competitive advantage in the domestic IDC professional service field, leading in the layout of small and medium-sized data centers and bandwidth resources. With the help of edge computing, the unique network is entering a period of development possibility.
At the same time, the company’s traditional furniture machinery business is fully coordinated with the sole network business. Furniture machinery manufacturing can combine the big data support of the sole network to enhance the first-mover advantage in the field of intelligent manufacturing. At the same time, the sole network can use the cloud platform as the entrance to the furniture industry customersProvide exclusive services.
The short-term growth rate of the furniture manufacturing industry, and the demand for intelligent equipment drive investment in fixed assets.
The annual growth rate of the furniture manufacturing industry in 2018 is forecast to achieve 7,081 operating income.
70 ppm, a ten-year increase4.
50%, the growth rate drops by 5 every year.
70pct; realized profit increase of 425.
90 ppm, a ten-year increase4.
30%, the growth rate drops by 5 per year.
Affected by the rapid development of the custom industry, furniture companies’ demand for flexible furniture production lines for custom furniture has increased; the demand for furniture manufacturing automation has increased due to the increase in labor costs; the need for intelligent equipment has driven fixed asset investment in the furniture manufacturing industry.The asset investment quota has increased by 23% annually.
The company’s continued growth in high-end CNC equipment sales has driven performance growth. In the first three quarters of 2018, the company’s panel furniture machinery business achieved revenue6.
68 ppm, an increase of 24% per year.
With the further increase of the demand for intelligent equipment in the furniture industry, the company’s furniture machinery revenue is expected to further increase.
Upgrade the company to Buy rating.
Combined with the company’s performance report for 2018, the company’s 2018-2020 net profit is expected to be 1.
6.4 billion, 2.
3.3 billion, 3.
50,000 yuan, the corresponding EPS is 1.
25 yuan / share, 1.
77 yuan / share, 2.
32 yuan / share, calculated according to the latest closing price, the corresponding PE is 27, 19, 14 times.
The company’s panel furniture machinery business is expected to achieve steady growth. At the same time, the unique network business model fully benefits from the rise of edge computing. Future development is expected to enter a potential period, and the company is upgraded to a buy rating.
Risk warning: The growth of the downstream furniture industry is less than expected; the growth of the panel furniture machinery industry is less than expected; the data center industry is less than 南京夜网 expected; the company’s performance is less than expected; the performance of the acquired company is less than expected; the synergy between the furniture machinery business and the sole network business is less than expected.
Guo Rui Technology (600562): Expect radar and microwave devices to resume growth in 2019 and focus on asset restructuring progress
2018 results are in line with expectations The company’s 2018 results announced: operating income10.
4.3 billion, down 9 every year.
63%; net profit attributable to parent company is 0.
38 ‰, a decrease of 77 per year.
68%, corresponding to a profit of 0.
06 yuan, net of non-attributed net profit 0.
28 ppm, a decrease of 82 per year.
The company plans to pay 0 for every 10 shares.
The proportion of rail transit business with a higher gross profit margin 西安耍耍网 increased even more.
The company’s revenue in 2018 fluctuated slightly, YoY-9.
6%; comprehensive gross profit margin decreased by 12ppt to 18%.
In terms of business, 1) the total revenue of the radar YoY-41.
45%, gross profit margin YoY-11ppt (the inventory contract is insufficient, the newly signed contract has not improved significantly); 2) Rail transit revenue YoY + 53.
77%, accounting for 44% of revenue (YoY + 18ppt), gross margin slightly increased slightly; 3) Microwave device revenue YoY-22.
97%, gross margin YoY-25ppt (insufficient customer demand and the impact of ZTE incident); 4) Special power source revenue YoY-17.
14%, gross margin slightly increased by 1.
The subsidiary Nanjing Enruite realized a net profit of 2.16 million yuan, -98% year-on-year; Guorui Microwave Devices realized a net profit of 3.4 million yuan, -90 year-on-year.
52%; Guo Rui Megavolt Electronics achieved a net profit of 31.1 million yuan, YoY-7.
Net operating cash flow remained stable.
Net cash flow from operating activities of the company in 20181.
3.8 billion, higher than the net profit of about 100 million, mainly due to the increase in accounts receivable and bills receivable of 0 in 2018.
30,000 yuan, and the increase in bills payable and accounts payable1.
Development Trend Radar and microwave devices are expected to resume growth, and asset restructuring progress is worth looking forward to.
The company’s radar products are in a leading position in the market (with obvious advantages in secondary radar). In terms of microwave devices, 5G base station filters, MIMO antenna technology and 5G communication circulator technology have been implemented. We look forward to the growth of radar and microwave devices in 2019.
In addition, the company announced the acquisition of 100% equity in Guorui Defense and other assets. We expect to significantly increase EPS (127/99% in 2019/2020), focusing on relevant progress.
Earnings forecasts remain unchanged.
Estimates and recommendations Companies currently sustainably correspond to 19 / 20e 112.
8x P / E.
Maintain the recommendation level, taking into account the recent upward movement of the military sector’s estimated hub, and raise the target price by 23% to 21.
5 yuan, corresponding to 19 / 20e 57 / 50x pro forma price-earnings ratio, potential increase 北京桑拿洗浴保健 of 15%.
The restructuring of risk assets fell short of expectations, the air traffic control radar bidding fell short of expectations, and the delivery of military orders fell short of expectations.
Poly Real Estate (600048): Steady overall performance and continued high sales growth
Key points of investment: Poly announced the first quarter report of 2019 and realized revenue of 225.
8 billion, an annual increase of 12.
1%, net profit attributable to mother 23.
2 billion, an annual increase of 22.
5%, corresponding to EPS0.
Ping An’s point of view: stable performance and recharge in advance.
The first quarter achieved revenue of 225.
8 billion, an annual increase of 12.
1%, net profit attributable to mother 23.
2 billion, an annual increase of 22.
The main reasons why the growth rate of net profit was higher than the growth rate of revenue: 1) Affected by settlement products and regional structure, the gross profit margin increased slightly by 0.
03 singles to 39.
8%; 2) The proportion of civilian minority shareholders’ profit and loss decreased by 2.
8 up to 30.
6%; 3) As a result of the classification adjustment of held financial assets and the increase in the fair value of transactional financial assets, gains from changes in fair value were realized2.
The advance payment at the end of the first quarter was 3252.
700 million, an increase of 8.
5%, for 2018 revenue1.
7 times, expected growth basis for 2019 performance.
Sales continued to grow at a high rate, and new construction was active.
The company achieved a budget of 1096 in the first quarter.
6 billion, an annual increase of 26.
1%, the market share increased by one from the end of last year to 3.
7%; sales area of 7 million square meters, an increase of 18 in ten years.
The average sales price was 15,665 yuan / square meter, an increase of 7% over 2018.
The newly started area was 9.97 million square meters, and the completed area was 2.74 million square meters, respectively, with an increase of 51.
3% and 25.
1%, 22 of the initial plan completed.
2% and 10%.
The area under construction at the end of the period was 91.81 million square meters, an increase of 38.
Continue to maintain a high start-up growth rate for 2019.
The overall holding of the land is stable and the focus is continuously on the first and second lines.
There were 14 new development projects in the first quarter, of which 12 were domestic projects. The floor area ratio increased by 2.79 million square meters, and the total acquisition cost was 15.9 billion yuan, accounting for 39 of the sales area and sales amount during the same period.
9% and 14.
5%, a year-on-year decrease of 74% compared to 2018.
1 and 33.
In terms of urban energy levels, the company continued to focus on first- and second-tier cities and core urban agglomerations. The amount of development and the proportion of development area in first- and second-tier cities were 78% and 73%, respectively.
The average floor price is 5,699 yuan / square meter, a decrease of 7 compared with 2018.
9 %%, which is 36% of the average selling price in the same period.
4%, a decrease of 5 from 2018.
The saleable construction area at the end of the period is 163.78 million square meters, and the area to be developed is 85.48 million square meters, which can guarantee the development scale 重庆耍耍网 in the next 3-5 years.
There is plenty of cash in hand and the resistance rate is slightly upward.
Initially, the company realized cash withdrawal of 878 trillion, with a return rate of 80%, an increase of 3 percentage points compared with the same period last year.
Cash in hand 1289.
300 million, which is the sum of debts due within one year (405.
400 million) of 318%, short-term debt repayment pressure is small.
Excluding the asset-liability ratio of advance receipts, net debt restructuring 42.
9% and 84%, respectively, increased by 0 from the beginning.
Investment suggestion: Maintain the company’s profit forecast. It is expected that the EPS for 2019-2020 will be 1.
91 yuan and 2.
30 yuan, the current sustainable corresponding PE is 6 respectively.
9 times and 5.
8 苏州夜网论坛 times.
The company’s incentive system has been continuously improved, the integration of resources has continued to advance, the speed of development has been significantly increased, and the “strong recommendation” level has been maintained.
Risk reminders: 1) The current property market is still recovering, but the third and fourth lines are subject to sufficient supply, shrinking demand, and there is no obvious adjustment. It is expected that the average value of subsequent prices will be under pressure.The risk of asset impairment caused by the unexpected adjustment of the property market; 2) Overall, the first and second-tier property markets have naturally recovered, and there may be a risk of less-than-expected policy relaxation due to the first and second-tier recovery;Later, the city’s price limit policies were successively introduced, and the risk of lowering the gross profit margin may follow.
Lanfan Medical (002382) Annual Report 2018 Review: Double Main Businesses Together to Start New Development
Event: The company released its 2018 annual report with an operating income of 26.53 ppm, a 68-year increase of 68.35%; net profit attributable to mother is 3.470,000 yuan, an increase of 72 in ten years.61%.Parkson International consolidated the company’s profits significantly, but due to major asset reorganizations in September 2018, and gradually completed the listing of new shares and payment of consideration in October, resulting in a corresponding increase in costs and expenses during the period, the company’s performance is slightly expected. Support business: The domestic market share has been steadily increasing, waiting for the new products to be listed for 18 years.900 million, performance commitment completed as scheduled, its June 18 consolidated consolidated statement scope, contributed to the mother’s net profit1.7.4 billion.In 18 years, Parkson International’s stent sales reached 39 in the international market.400,000; its wholly-owned subsidiary, Jiwei Medical, has sold 30 in the domestic market.980,000 items, the sales implantation volume has increased by more than 20% each year, and the internal domestic market share is estimated to have exceeded 21%. Parkson International Strength.BioFreedomTM developed by the company is a stent in the world that can take antiplatelet drugs after PCI surgery from 12 months to 1 month. The treatment concept and performance are in the leading position in the industry.Company market competitiveness. Gloves business: gradual release of production capacity Due to environmental protection upgrades and other factors, the growth rate of the glove business in 18 years slightly exceeded expectations, and sales of gloves 156.2 billion, an increase of 6 in ten years.At 72%, gross margin dropped 8 averages to 23.91%. At present, the production capacity of the first phase of the nitrile gloves project 杭州桑拿网 has been successfully released, and the second phase of the project has been partially completed and put into operation on November 27, 2018. It is expected that the volume will begin in 19 years.With the release of new capacity, the company’s glove business growth rate is expected to recover to more than 10% in 19-20. Revision of profit forecast, investment rating and estimate: The acquisition of Parkson International was completed and entered the field of high-value consumables. We raised our 19-20 year net profit forecast to 5.9.8 billion, 7.4.9 billion, while adding 2021 net profit forecast is 8.9.9 billion.According to the latest diluted equity, the EPS for 19-21 years is 0.62 yuan, 0.78 yuan and 0.93 yuan.”Medium and low value consumables + high value consumables” are two-wheel drive. Risk warning: production capacity release is less than expected risk, product development is less than expected risk
AVIC Hi-Tech (600862): Leader in aviation composite materials casts wings of great powers
Key points of investment: There are still differences between countries and the international advanced level in the field of aviation composite materials, but the localization trend is obvious.
According to the data of the “2017 Global Carbon Fiber Composite Market Report”, compared with the international level, there are still differences between long-term high-end aerospace carbon fiber supply and demand.
The average demand, the lowest value is less than 4% of the aerospace end in 2017, which is 22 international distances.
There is still a longer distance of 80%; the size is provided. At present, the sufficient product market share in the domestic market is about 70%.
With the re-transformation of military products and the large-scale expansion of the C919 industry, the aviation composite materials market is heading for an explosion.
The domestic demand for aerospace carbon fiber compared to the international community is due to the low proportion of high-end military aviation products and the lack of corresponding products for civil aviation.
We believe that with the further improvement of autonomous and controllable requirements and the gradual formation of the large domestic aircraft industry, demand in this area is breaking through, and aviation composite materials are expected to usher in an explosion. Among them, the C919 aircraft will beThe company provides 120 billion market space.
The company is located in the downstream of the composite material industry chain and is the core leader of the aviation composite material market.
From the perspective of the industrial chain, the industrial chain structure of the high-end carbon fiber industry is the same as that of the military industry. At the same time, it has a high technology biology, and access permits and downstream channels have further established industry barriers.
AVIC Hi-Tech is in the downstream position of the industrial chain, and its corresponding upstream supplier has higher bargaining power, and is also a core leading company that benefits from the heavy volume of the composite materials market.
The orderly exit of real estate may have limited impact.
With the orderly exit of 武汉夜生活网 the real estate business, the company will complete the transformation to the aviation, high-end manufacturing composite materials listed company platform.
Considering that the existing market has a recognized premium for the composites industry and the company still has high-quality assets outside, we believe that the actual effective exit may have limited impact on the market value of listed companies.
It is estimated that the company’s operating income for 2019/2020/2021 will be 28.
79 trillion, net profit attributable to mother is 3.
84 trillion, corresponding to 0 EPS.
35. Right for PE.
Estimated, by averaging the proportion of listed companies in the A-share related composite materials industry, we believe that AVIC Hi-Tech’s static estimate is about 50-70 times, which is reasonable. 杭州桑拿 Considering the growth rate of the composite material industry and the industry’s leading premium, the reasonable range of dynamic PE is about 40-50 times.
In summary, we believe that the company’s reasonable participation is around 9.
00 yuan range, given “overweight” rating.
Product orders fell short of expectations, and industry chain applications fell short of expectations.