[Can Morinda Drink Water]_ Morinda_How to Eat_How to Eat

[Can Morinda Drink Water]_ Morinda_How to Eat_How to Eat

People are more and more aware of the full use of Morinda officinalis’ healing effects. Morinda is eaten in many ways. The most common is to use other herbs to treat diseases. In addition, many people use Morinda soda to drink water.This is also very powerful.

1. Traditional Chinese medicine believes that Morinda oleifera is naturally sweet and can remove rheumatism and strengthen bones and bones, and also has the effect of nourishing kidney yang.

Usually if the body has male impotence, nocturnal emission, and females are caused by infertility due to cold in the palace, irregular menstruation, and abdominal cold pain, you can take Morinda officinalis water to restore your health.

2. In normal life, if men have some problems such as impotence, nocturnal emission caused by weak kidney yang, men can take Morinda officinalis water, or they can be used together with other Chinese medicinal materials that nourish kidney yang.The body can recover quickly.

3. For the best Morinda officinalis effect, it is best to wait for this Chinese medicinal material to air dry before soaking in water.

This is because fresh Morinda citrifolia contains certain toxins. If this traditional Chinese medicinal material is brewed and guided with boiling water, it will contain certain toxins. Such medicines will cause diarrhea and other uncomfortable symptoms.

After Morinda officinalis air-dried, the toxins contained in it will be evaporated in large quantities.

Regardless of whether Morinda officinalis is administered in any way, be sure to wash the medicinal materials with warm water in advance so that the body can better absorb the medicine.

The effectiveness of Morinda officinalis water is as follows: 1. The main role of Morinda officinalis is to treat men who are not lifted and impotence, while also protecting the five internal organs, strengthening the bones and bones, and at the same time having a certain excellent effect.

2. If the body has head and face wind, the specific symptoms are pain in the abdomen and yin, and qi and blood flow down.

At this time, you should take Morinda officinalis water to take the effect of nourishing the five labors and nourishing the essence and blood.

3, the effect of Morinda officinalis water also includes the effect of nourishing heart qi and protecting the five internal organs.

If your body has symptoms of edema, you can also use Morinda to restore your health.

4, if the body has a problem such as athlete’s foot, you can also use Morinda officinalis to fill the sea of blood to make the body healthier and away from this disease.

5. If men suffer from dreams, nocturnal emission and other problems, they can also take Morinda officinalis in appropriate amounts.

6, Morinda officinalis has the effect of relieving cough and reducing phlegm, and it also has a certain effect on some cases of loss of appetite, diarrhea and dizziness.

[Dried eggplant production]_Dried eggplant_How to do_How to do

A total of a total of a lot of flowers, a lot of people, a lot of people, a lot of picks, a lot of picks, a hot pot, how to prepare a hot pot?
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[Can you eat fruit after delivery]_Recommended diet

[Can you eat fruit after delivery]_Recommended diet

  After women have experienced the problem of having children, their body’s resistance will be significantly reduced, so they need to be nourished in the postpartum diet.

It is not only necessary to add a lot of protein and vitamins postpartum, but also to eat some fresh fruits. Can I eat fruits after delivery?

  1. Banana.

Banana is a very cost-effective fruit. Bananas are rich in cellulose and iron, and also have a detoxification effect. Since postpartum mothers are prone to constipation, eating some bananas can alleviate constipation and make stools smoother.Reduce the occurrence of hemorrhoids.

During labor, women lose a lot of blood, and eating bananas can also be used to supplement blood and prevent postpartum anemia.

It seems that bananas can not be eaten too much, because bananas are cold food, so you need to soak the bananas in warm water before eating.

  2. Red dates.

Jujube’s blood and qi effect is very good, and jujube contains some proteins, glucose and vitamin C, these are the best elements for women’s blood, postpartum mothers often have weakness and lack of qi and blood, so eat someJujube can play the role of replenishing qi and blood, but also conducive to beauty and beauty.

  3. Apple.

It is said that apples are the queen of fruits. This statement is true. Apples are rich in fruit acids and vitamins, as well as some minerals. Eating apples postpartum can reduce pregnancy-induced hypertension syndrome, which is very helpful for postpartum recovery., Can also improve resistance and reduce the chance of catching a cold.

  4. Pineapple.

  In autumn and winter, the season when pineapples are on the market, pineapples have the functions of promoting hydration and quenching thirst, helping digestion, stopping diarrhea, and diuretic.

In addition, pineapple also contains rich vitamin B1, which can eliminate postpartum fatigue and increase appetite. Postpartum mothers can eat some pineapple porridge.

[How to eat white snow mushrooms]_How to make_How to make

銆愮櫧闆弴鎬庝箞鍋氬ソ鍚冦€慱鎬庢牱鍋歘濡備綍鍋?
鍦ㄦ垜浠殑鐢熸椿涓緢澶氫汉閮界壒鍒枩娆㈠悆鐧介洩鑿囪繖绉嶈槕鑿囷紝鐧介洩鑿囦箣鎵€浠ュ彨鐧介洩鑿囷紝灏辨槸鍥犱负杩欑铇戣弴鐨勫褰㈢壒鍒櫧锛屽洜鑰屽緱浜嗙櫧闆弴鐨勭編绉帮紝鐧介洩鑿囩殑钀ュ吇浠峰€煎拰鐧介洩鑿囩殑澶栧舰鏄垚姝f瘮鐨勶紝鐧介厭鑲¢噷闈㈠瘜鍚ぇ閲忕殑缁寸敓绱犲拰铔嬬櫧璐紝閭d箞鐧介洩鑿囨€庝箞鍋氭瘮杈冨ソ鍚冨憿?嬮 嬮 炁 璁 ╁ 皬 砂 漵 漁 椤 ぇ 瀹 粙 缁 綁 涂!This is the best version: 300g; distinguish between different models: add a new version, add a new version, add a new version, add a new version, or download a new version.椋熸潗2鐧介洩鑿囨礂鍑€锛屽紑姘寸劘3鐒ソ鐨勭櫧闆弴杩囧噳姘达紝鎺у共姘村垎4鑲夊垏鐗囷紝娣€绮夋枡閰掍笂娴?閿呯儳鐑紝鍊掓补锛岃懕鐖嗛鏀捐倝鐓哥倰6灏嗙櫧闆弴鏀惧叆鐓哥倰7鏀鹃€傞噺鐨勯叡娌圭吀鐐?鏀鹃€傞噺鐨勬按锛屽揩鐔熸斁閫傞噺鐨勭洂9鐐掔啛鐩涚洏銆傘€愬仛娉曘€?銆侀€夋嫨骞茶槕鑿囨渶濂姐€傜◢寰寫鎷d竴涓嬶紝鐢ㄥ皬鍒€鎶婃牴閮ㄧ殑娉ユ矙鍒幓銆?銆佺敤鍑夋按娣樻礂绗竴閬嶏紝姘村€掓帀銆傚啀娣樻礂绗簩閬嶏紝绋嶅井娴告场5鍒嗛挓锛屾按涓嶈鍊掓劀 銆?銆侀攨鐑х儹鍚庯紝鍊掑叆椋熺敤娌逛笁澶у嫼锛屾补鍙互绋嶅井澶氫竴浜涖€?銆 丸 稟 稌 覑 鐖 呖 4 銆?鎴愮儹鏃讹紝灏嗘礂鍑€鐨勫共铇戣弴鍊掑叆娌归攨涓€?銆佸皢铇戣弴缈荤倰鐗囧埢锛屽緟姣忎竴鏉″共铇戣弴閮藉潎鍖€鍚告敹娌硅剛鍚庯紝璋冨叆涓ゅ嫼鐢熸娊銆?銆 佷 髴 鍕 Hong 洂 銆?銆 丷 側 偏 忓 員 囗 囩 塸 銆?銆佺炕鐐掑潎鍖€銆?銆佸皢鍒氭墠娴告场鑿岃弴鐨勭浜岄亾姘村€掑叆灏戣锛屼笉瑕佸锛岀洰鐨勬槸涓轰簡璁╁共鑿岃弴鍙樿蒋涓€浜涖€?0 銆 佺 擊 婊 婄 咊 凶 纴 Qi  琬 鐏  纴 綋 嶅 井 楧 栧 柗 3 鍒 嗛 抓 銆?1銆佽捣閿呰鐩樸€傜櫧闆弴鏄竴绉嶅叿鏈夊緢楂樿惀鍏讳环鍊煎拰鑽敤浠峰€肩殑椋熺敤鑿岋紝棰滆壊The following are the most important ones: the new version is simple and straightforward. The new version is simple and straightforward. The new version is simple and simple.繀闇€鐨勬皑鍩洪吀锛岃繕鍚湁鏁扮澶氱硸浣擄紝鍏跺瓙瀹炰綋鐨勬彁鍙栫墿鏈夋竻闄や汉浣撹嚜鐢卞熀鐨勪綔鐢紝杩欐剰鍛崇潃甯搁鐧介洩鑿囨湁鎶楃檶銆佹彁楂樺厤鐤姏銆侀闃茶“鑰併€佸欢闀垮鍛界殑鍔熸陥 銆?

[Can leeches be treated for premature diarrhea]_ Mountain Leek _ How to treat

[Can leeches be treated for premature diarrhea]_ Mountain Leek _ How to treat

The problem of premature ejaculation has caused a lot of men. Premature ejaculation will have a great impact on the harmony of couples’ sexual life. Therefore, in order to better solve these sexual dysfunctions, then of course, we must pay attention to the correct treatment and conditioning. In the daily diet, actually leekSeeds have a certain effect on the treatment of premature ejaculation. Men can try this method to help themselves adjust. Leek seed sparkling wine is a better way to eat.

1. Chives are dried and mature seeds of liliaceae. Leek seeds are also known as chives, leek kernels, and chives. They have the effects of treating kidney deficiency, impotence, waist and knee weakness, nocturnal emission, frequent urination, and turbid urine.Those who avoid leek seeds.

Leek seed yellow and sparkling wine can alleviate the effect of early release.

2. Chives seed Yanhuang refers to half a catty leeks seeds plus some honey and stir-fry, fried to amber yellow, and then ground into powder.

Then take it every morning and evening with rice wine, about 10 grams each time.

Treatment of premature ejaculation, with good results.

The leeks are mashed and immersed in rice wine. After 7 days, it is said that this effect can also be achieved.

However, there are many reasons for premature ejaculation, and it cannot be generalized. Food treatment can only correct the effects of prevention and relief. If a serious problem really occurs, it is recommended to seek medical treatment from the right place.

3. Although leek seeds are good food for nourishing the body and aphrodisiac, it doesn’t mean that whatever you eat can cure premature ejaculation.

Leek seeds are a very good ingredient. There are many special effects. For example, eating leek seeds often can relieve premature ejaculation, can replenish the kidneys, and eliminate parasites for men.With a lot of knowledge, we can maximize its special effects through different ways of eating.

4, Leek seed brewing materials: a pound of white wine (preferably high-grade white wine), leek seeds 30-50 grams (best fried) Method: Leek seeds or leek seeds in white wine, sealed for 7 days, A small glass (white wine glass) after a meal.

It has the effects of nourishing kidney and aphrodisiac, solidifying the essence and stopping leftovers, warming the stomach and strengthening the spleen.

Suitable for impotence caused by spleen and kidney yang deficiency, premature ejaculation and so on.

Baosteel (600019) ex-factory price review for April 2019: Ex-factory price significantly increased in April

Baosteel (600019) ex-factory price review for April 2019: Ex-factory price significantly increased in April

The ex-factory price of April futures increased significantly by 300-400 yuan / ton, the largest increase in the same period in recent years.

The ex-factory price of Baosteel April futures products in April 2019 was mainly a significant price increase of 300-400 yuan / ton, and the Q2 2019 ex-factory price situation tried to recover.

Looking back at the company’s April price adjustments, this year’s increase was the highest in many years, indicating that the company may be optimistic about the outlook for the steel industry in April 2019 and the trend of steel prices.

The rebound in steel prices in the market helped the company’s ex-factory price to rise, and the ex-factory price of cold-rolling has been flat for many years.

In the first quarter of 2019, the market steel price showed a gradual recovery trend, which caused the premium of Baosteel’s ex-factory price to the market’s steel price to gradually decrease. The company’s significant increase in the ex-factory price in April was a response to the recent market situation.Return the company’s product premium upwards.

The company’s ex-factory price of cold-rolled products in April has been flat in October 2018 and November levels, the highest in many years.

The recent high cost of mining coke has also pushed up the company’s ex-factory price.

We simulated the cost of hot-rolled and cold-rolled mineral coke for the current month. The average monthly increase in February 2019 was about 185 yuan / ton, which made the company’s 2019Q1 steel product simulated gross profit at a low level since 2017.

The company significantly raised its ex-factory price in April, which was also a response to the rising price of mining coke.

In April, Baosteel’s ex-factory price relative to the market’s brand premium level: at a relatively high level in history.

Assuming that the average market steel price in April is the same as the current price, Baosteel ‘s April hot rolling premium to the market is 869 yuan / ton, which is 184 yuan / ton higher than the historical average premium. The 武汉夜生活网 cold rolling market premium is 1087 yuan / ton, compared withThe historical average premium is 475 yuan / ton higher.

The hot-rolling premium is at a relatively high level in history, but it is lower than the highest level in history (1,309 yuan / ton for hot rolling and 1,609 yuan / ton for cold rolling).

The industry leaders are highly competitive and have high dividend expectation. We maintain the rating of “overweight”.

The company’s ex-factory price rose by 300-400 yuan / ton in April, which is conducive to Q2 performance.

The company’s overall high dividend expectation, Yancheng project is expected to provide long-term strategic benefits.

We maintain the company’s expected EPS for 2018-2020 to be 0.

95 yuan, 0.

76 yuan, 0.

76 yuan, maintain “overweight” rating.

Risks indicate the risk of falling 杭州夜网 steel prices; the relocation of Meisteel and the construction of the Yancheng boutique steel base project are less than expected; the risks of corporate governance and the risk of market fluctuations.

Haier Zhijia (600690) Semi-annual Report Review: Market Share Steadily Improves High Growth of Overseas Business

Haier Zhijia (600690) Semi-annual Report Review: Market Share Steadily Improves High Growth of Overseas Business

Event: The company achieved operating income of 989 in 2019H1.

80 ppm, an increase of 9 in ten years.

38%, net profit attributable to mother 51.

51 ppm, a ten-year increase of 7.

58%; of which, Q2 earned 509.

37 ppm, a ten-year increase of 8.

66%, net profit attributable to mother 30.

15 ppm, a six-year increase of 6.

32%.

The overall market share has increased and overseas business has grown rapidly. The company’s product market share has further increased: according to data from Zhongyikang, in the first half of 2019, the company’s offline retail shares of refrigerators, washing machines, home air conditioners, water heaters and kitchen appliances in the Chinese market wereImprove by 1.

3, 2.

7, 0.

9,1.

2 and 1.

1 pct.

In the first half of 2019, the company’s overseas revenue reached 46.7 billion US dollars, an increase of 24% year-on-year (a year-on-year increase of 13% after excluding Candy). The company’s overseas revenue accounted for 47%, and its share of the company’s global revenue increased by 5 percentage points.

The gross profit margin remained stable, and the expense ratio was well controlled. The company’s gross profit margin was 19H1, and the net profit margin was 29.

10%, 6.

29%, +0 each year.

13, -0.

40 marks.

The gross profit margin of domestic appliance business increased by 0.

Nine units, the company ‘s overseas revenue increased rapidly in the first half of the year, the gross profit margin of overseas operations fell, the domestic gross profit margin, and structurally affected the overall gross profit margin performance.

In terms of expense ratio, the company’s sales, management, R & D, and financial expense ratios in 19H1 were 14 respectively.

75%, 4.

57%, 2.

77% and 0.

51% each year -0.

2pct, +0.

11 points, +0.

28 points, -0.

02pct, the company’s expense ratio remained stable in the first half of the year.

Cash assets in hand were sufficient, and the turnover rate improved significantly. From the balance sheet, cash at the end of 19H1 + other current assets 409.

09 billion, -2 chain.

27%, inventory is 238.

6.8 billion, an increase of 9 from the previous month.

61 trillion, bills receivable and accounts totaled 289.

4.1 billion, +10.35%.

Judging 四川耍耍网 from the turnover situation, at the end of the 19H1 period, the receivables and payables turnover days were 59.

31, 22.

59 and 74.

85 days, at least -3.

64, -7.

23 and -2.

In 18 days, the company’s turnover efficiency improved, and the company’s operating efficiency improved significantly.

From the cash flow statement, the net cash flow from operating activities in 19H1 was 36.

34 trillion, -35 a year.

09%, of which 962 was cash inflows from sales of goods and services.

68 megabytes, the annual growth rate is slightly lower than the revenue growth rate.

The core employee shareholding plan will fully mobilize employees’ enthusiasm. By July 16, 2019, the company’s employee shareholding plan has gradually purchased 16.66 million shares of the company’s stock through a secondary market purchase method, with 北京桑拿洗浴保健 an average transaction price of RMB16.

23 yuan / share, the shareholding plan will further stimulate the enthusiasm of employees and help the company’s performance growth.

Investment suggestion: The growth rate of the company’s profit side is slightly lower than the income side. We slightly adjust the company’s profit forecast. We will increase the company’s net profit growth rate from 10 to 19 years.

71%, 9.

61% and 9.

18% is adjusted to 9.

65%, 10.

71% and 10.

42%, corresponding to a dynamic assessment of 12.

4, 11.

2 and 10.

Doubled, the company formed global brand operations, accelerated internationalization of R & D and manufacturing, and domestic high-end brands in the competitive landscape have taken the lead, maintaining a “buy” investment rating.

Risk Warning: Downturn in Real Estate Drives Downturn in Home Appliances Business, Raw Material Costs Exceed Expectation

Linglong Tire (601966): Increasing holding by controlling shareholders demonstrates confidence in the company’s long-term development

Linglong Tire (601966): Increasing holding by controlling shareholders demonstrates confidence in the company’s long-term development

Event: On February 4, the company received a notice from the controlling shareholder Linglong Group, 厦门夜网 intending to increase the company’s shares within 3 months from the date of the announcement. The scale of the increase plan is no more than RMB 1 million and no more than RMB 400 million.

Investment Highlights The company issued a plan to increase its holdings, demonstrating long-term development confidence: Linglong Group was the company’s controlling shareholder. Before the implementation of this increase, Linglong Group held 604,200,000 shares, accounting for 50 of the company’s total shares.

35%.

Based on the recognition of the company’s future development confidence and value, and in order to maintain continued stability and shareholders’ interests, Linglong Group intends to increase the company’s shares within 3 months from the date of the announcement, and the scale of the increase plan is RMB 100 million?
4 million 武汉夜生活网 US dollars, and there is no fixed price for the price of the shares to be increased this time, and the price range may gradually decrease.

At the same time, Linglong Group promised not to reduce its holdings of the company’s shares during the increase and within 6 months after the completion of the increase.

Helping to prevent and control the epidemic and bear social responsibilities: Since the epidemic was released, Linglong Tire has donated 5 million yuan to the Red Cross Society of Wuhan, Jingmen and other places through its subsidiaries in Hubei to fully support the epidemic prevention and control work.

At the same time, the Wuhan sales network of Linglong Tires was urgently deployed to provide tire services free of charge for vehicles built by Vulcan Mountain Hospital and other rescue vehicles.

The new factory in Hubei has been put into production, and the “5 + 3” strategy has been further improved: Linglong Hubei Factory is Linglong’s fourth factory in China. It took one and a half years to complete the construction of truck and bus tires. After it is fully completed, it can achieve an annual output of 12 million setsSemi-steel radial tires, 2.4 million sets of all-steel radial tires and 60,000 sets of engineering radial tires.

The commissioning of the Hubei plant means that Linglong Tire’s “5 + 3” strategy is a big step forward. The commissioning of more production capacity is expected to continue to accelerate the release of the company’s performance.

Supply-side reforms are not over yet, and companies at the top of the tires are expected to grow from strength to strength: Looking at the global market, Bridgestone, Michelin and Goodyear have been among the top three in the tire industry for a long time. The three market share totals.

6%.

At present, there is a structural surplus in the domestic tire industry. Through the advancement of supply-side reforms, small and medium-sized production capacity is gradually cleared out. The domestic market is in the process of concentrating on the right tire companies.

Focus on building the four core driving forces of strategic power, product power, innovation power and brand power: the company is a global supplier of world-class car factories such as Audi, Volkswagen, GM, Ford, Renault Nissan, and its products are sold to more than 180 countries and regionsIt ranks among the top 20 tires in the world, steadily ranks among the top 3 tires in China, and ranks among the top 500 Asian brands. It has replaced the foundation for achieving the strategic goal of becoming a world-class tire company.

Earnings forecast and investment grade: We estimate that the company’s net profit attributable to its parent in 2019-2021 will be 15 respectively.

9.9 billion, 19.

08 thousand yuan, 22.

55 ppm and EPS are 1.

33 yuan, 1.

59 yuan, 1.

88 yuan, the current sustainable corresponding PE is 16X, 13X and 11X.

Maintain “Buy” rating.

Risk reminder: the new production capacity is less than expected; the price of raw materials fluctuates greatly; the load rate of production facilities affected by the epidemic declines

Wangfujing (600859) Q1 2019 Review: Performance basically meets expectations Trying to benefit from pick-up in optional consumption

Wangfujing (600859) Q1 2019 Review: Performance basically meets expectations Trying to benefit from pick-up in optional consumption

The company achieved revenue of 71 in 1Q2019.

6.5 billion, net profit attributable to mothers4.

On the evening of April 29, 30,000 yuan, the company announced the first quarter report of 2019, and achieved 71 in the first quarter of 2019.

65 ppm, an increase of 0 in ten years.

21%, net profit attributable to mothers4.

30,000 yuan, which translates into a fully diluted EPS of 0.

52 yuan, a reduction of 11 per year.

27%, realizing net profit deducted from non-mother3.

94 ppm, a reduction of 10 per year.

96%, performance basically in line with expectations.

1Q2019 gross profit margin rose by 0.

02 averages, the expense ratio increased by 2 during the period.

In the three quarters of 1Q2019, the company’s comprehensive gross profit margin was 20.

91%, a year-on-year increase of 佛山桑拿网 0.

02 units.

The gross profit margin of the company’s main retail business in the first quarter of 2019 was 16.

26%, a decrease of 0 compared with the same period last year.

12 units.

Company expenses for the first quarter of 201913.

47%, of which the sales / management / financial expense ratio is 9 respectively.

87% / 3.

56% / 0.

04%.

During the first quarter of 2019, the company’s period expense ratio increased from the same period of the previous year2.

03 units, of which the financial expense ratio increased by 1 over the same period last year.

85 units.

In the first quarter of 2018, the company’s large amount of certificates of deposit expired, supplementary interest income was recognized, and financial expenses were -1.

30 ppm, compared with 290 financial expenses for the first quarter of 2019.

400,000 yuan.

The scale advantage is obvious, and the business format is complete. The growth of the Olay business format continued rapidly until the end of March 2019. The company operated a total of 51 large-scale retail stores with a total operating floor area of 264.

60,000 square meters, involving 31 cities in 21 provinces and cities, forming a national operating network, covering a variety of formats such as department stores, shopping malls, Ole.

The company’s Ole business has developed rapidly, with revenue increasing in 20188.

52%, revenue in Q1 2019 increased by 10 in ten years.

70%.

At the beginning of 2018, the Beijing State-owned Assets Supervision and Administration Commission merged the company with the BTG Group, a new step in the reform of state-owned enterprises. The BTG Group has a number of listed companies including Wangfujing and Shoushang Co., Ltd., which have committed to propose to resolve inter-bank competition by February 2021.A feasible solution to the problem.

Maintain profit forecast and maintain “Buy” rating. The company has obvious advantages in scale, complete formats, and Olay’s format has grown rapidly. Since March 2019, the optional consumption recovery trend has strengthened, which is beneficial to the company.

We maintain our forecast for the company’s 2019-2021 EPS, which are 1.

57/1.72/1.

92 yuan, the company’s current PE (2019E) is 11X, significantly lower than the average of the past three years (17.

4X), maintain “Buy” rating.

Risk warning: After the lease renewal, the rent standard increases too much, and the store consolidation speed is not as expected.

TCL Group (000100): 1Q19 meets expected Samsung capacity transfer plan postponed to put pressure on supply side

TCL Group (000100): 1Q19 meets expected Samsung capacity transfer plan postponed to put pressure on supply side

1Q19 results were in line with expectations. TCL’s 1Q19 revenues reached US $ 29.7 billion, an increase of 15 over the same period.

5%, net profit attributable to mothers reached 8 trillion, an annual increase of 6.

6%.

The company has received the entire asset restructuring delivery budget on April 15, 2019. Through the reorganization, the asset-liability ratio of listed companies has dropped from 68% to 59%.

Supported by continuous cost reduction and efficiency enhancement, business expansion and new technological breakthroughs, the company maintains the goal of growth revenue growth and double-digit net profit growth.

Development Trends Large-size panels have sluggish capacity utilization in 1Q19 and are expected to improve since 2Q19: We estimate that the budget for large-size panels in 1Q19 will be $ 5 billion, which can be replaced by 79% from the previous quarter.

Due to the rebound in prices and the start of the stocking cycle, the capacity utilization rate is expected to increase from 2Q19.

1) On the demand side, in the first quarter of 19, the sales area of overseas markets increased while the domestic market declined.

The compensation policy issued by the state is good for the company, but because the existing TV market is already high, the company expects that the increase in demand will not reach the same level as in 2013.

In the long run, the company is still optimistic about the demand of commercial displays, e-sports monitors and other applications.

2) From the perspective of the supply side, the delay in Samsung’s capacity transfer plan has put pressure on the supply side.

The company expects that large-size panel prices will continue to pick up in Q2, while Q3 may remain flat.

The small-size production line maintains full production and sales, and the revenue share has further increased: we expect 佛山桑拿网 the small-size panel to achieve revenue of US $ 2.2 billion, and the revenue share will rise to 31%.

The company believes that the market growth of small-size panels is mainly due to the replacement demand brought by 5G smartphones, the increase in the area of stand-alone panels brought by full-screen / foldable screens, the continued penetration of AMOLED in smartphones, and the use of car screens asRepresenting incremental demand.

The company believes that in the short term, LTPS still has a competitive advantage in the mobile terminal and automotive display fields, and continues to be optimistic about the market potential of flexible AMOLED, but remains cautious about the capacity planning of AMOLED.

Earnings forecast We maintain our 2019 revenue and profit forecasts unchanged.

Estimates and recommendations The company currently has a sustainable response to 20191.

5x P / B.

We maintain 4.

The target price of 00 yuan is unchanged, corresponding to January 2019.

6 times price-to-book ratio, which was 4 earlier.

4% upside.

Maintain Neutral rating.

Risks that terminal TV and smartphone expansion do not meet demand, leading to further deterioration of supply-demand relations