[How to eat cheese is the best-]_ How to eat_How to eat

[How does cheese taste the best?

】 _How to eat_How to eat

Cheese is very familiar to many people. It is also a common food in daily life. Cheese is rich in nutritional value and tastes very good. Regular consumption can supplement the nutrients required by the body. There are many ways to eat cheese, Can be eaten directly, can also be made into sandwiches, or Lassa, etc., the taste is very good, can also be eaten with red wine, more nutritious.

How does cheese taste the best?

1. The easiest way to eat cheese directly is to eat it directly. It is delicious and nutrient can be fully absorbed by us.

Make a sandwich and eat with bread. Add lettuce, chicken or ham to common bread, and add cheese slices. If there is an oven, bake the cheese and melt it. Then you can eat it.

If you don’t have an oven, you can use a pan to heat it.

The dishes can change with the season.

very delicious.

Of course, eating with a French stick is even more authentic.

2. For the salad ingredients, cut the hard cheese into small pieces, and put a little while mixing the salad, which is also a good way to eat.

Most of the cheese tastes salty. After melting, it also adds a milk flavor to the salad, which has a good taste.

Diced cheese + diced vegetables + diced fruits is a good dish, white green red, protein and vitamins are all available, color and fragrance are all available.

How to eat cheese is the best. The benefits of eating cheese are so many. 3 Put it in the hot pot as the base. Put the cheese in a small hot pot to form a thick soup.Dabu, this is the famous French cheese fondue.

When you pick up the cheese-specific long fork, dip it into French bread, and eat a variety of fresh vegetables, you will fall in love with this milky pure eating method.

4, cheese with wine cheese with wine is a very elegant way of eating, many French people like to eat this, very emotional.

What a romantic and happy thing for lovers to sit opposite, eating cheese, and paired with red wine.

The red and white things tease each other’s inner taste until the wine and milk blend together, melt in the mouth, and get drunk in the heart.

Wines from different regions are best paired with cheese from the same region. Of course, if you want to challenge your taste buds, cross-regional integration is also a must.

In France, cheese is a daily necessity. It can be a staple or snack, a snack for afternoon tea, or the finishing touch for a weekend party.

In short, cheese plays a pivotal part in French life.

Although the Chinese have not liked this, they believe that if they try more, they will have more surprises.

How to eat the best cheese The benefits of eating cheese Actually, what are the benefits of eating so much cheese?

1. Nutritional Essence It can be said that all the nutrients contained in cheese are essences, because cheese is a dairy product made from concentrated fermentation of milk.

In the fermentation process, a lot of water in milk is basically excluded, and all nutrients in milk are retained in the end, so the nutritional value of cheese is very high.

We refer to the essence of cheese as the ‘gold’ in dairy products.

Generally, 10 kg of milk protein, calcium, phosphorus and other nutrients required by the human body are concentrated per kg of cheese products, which can supplement various nutrients required by the human body.

The nutrients contained in cheese are not only essences, but also very beneficial to human digestion and absorption.

Due to the unique fermentation process of cheese making, the absorption rate of transformed nutrients has reached 96% -98%.

How to eat cheese is the best. The benefits of eating cheese are so many.2 Calcium supplements. Everyone knows that all kinds of dairy products are the best choices for calcium supplementation, such as milk, yogurt, etc. The rich calcium content is our body.Source of calcium absorption.

Cheese is the biggest blessing for the health of our human bones, because it contains several times more calcium than milk, and this calcium is easily absorbed.

In terms of calcium content, 250 ml of milk = 200 ml of yogurt = 40 grams of cheese, you can see how rich the calcium in the cheese is.

And eating more cheese can still effectively improve the body’s ability to resist disease, at the same time can promote metabolism and enhance vitality, protect eye health and skin health.

[Do you use black water for stir-fried green beans]_ production method _ practice Daquan

[Do you use black water for stir-fried green beans]_ production method _ practice Daquan

Green beans are peas, but they are called differently in each area.

When making green beans, I believe that everyone has experienced such a situation that green beans are not easy to fully cooked, and the fried green beans also have a sandwich texture, which is very bad.

Retorting the food with water will make the food easier to cook when fried, so do you need to re-water it before making green beans?

Do you use simmered water for frying green beans? However, it is generally recommended to simmer first so that it will be easy to cook when fried.

And you can avoid the other dishes being too rotten or too old.

For example, when it is added to the meat, it will not cause the meat to be too old because of too long.

In addition, fresh legumes and vegetables contain saponin and lectin. If they are eaten without cooking, they may cause food poisoning.

The toxic effects of these two substances on the nitric acid mucosa, the transformation of cells have a damaging and hemolytic effect, and severe bleeding inflammation will occur.

Therefore, choosing water can better ensure that the green beans are fully cooked.

Of course, it depends on everyone’s intention whether to pass the water. If the green beans fried by you can ensure that they are fully cooked, then you do not have to worry about poisoning.

Green beans simmer in water for a few minutes Green beans are not suitable for long cooking, otherwise they will change color.

At this time, prepare a clean pot, pour a small pot of water into the pot and boil it. After the water is boiled, place the green beans in the pot to simmer.

After simmering for about two minutes, remove the green beans and cool them down to dry.

However, if you buy dried green beans, you must foam them for at least 3 hours.

Do you need to put salt when you use green beans to boil water, but it is recommended to put some salt, which is pretty good.

When the water is decanted, 1% salt is added to the water, so that the vegetables are in a physiological saline solution, which can slow the diffusion of soluble nutrients in the vegetables and reduce the loss of nutrients.

Also, you can keep the color green.

Especially frozen green beans can prevent the green beans from feeling astringent.

How long can the green beans be cooked before they are simmered in water?

[Benefits of yogurt dissolved beans for babies]_baby_concentration

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[Does physical constitution have influence?]_ Danger_Bad

[Does physical constitution have influence?]_ Danger_Bad

Physical energy drink, also known as functional drink, this kind of beverage can quickly restore physical strength, especially in relieving fatigue. It has a very good effect. In daily life or work, if you feel tired, you can drink some of these constitutions appropriately.Energy drinks have the effect of restoring physical strength. Generally speaking, drinking this kind of physical energy drink properly will not affect health, but it should also be noted that this functional drink cannot replace water.

Physical energy has influence. Energy drink is a daily functional drink, in order to replenish the body with energy in a timely manner. However, a recent report from the British “Medical Journal” mentioned that a man had vomiting because of nausea.He went to the hospital with a stomachache. At the beginning, he and the doctor thought that it was just a cold, but it would worsen the condition, the skin began to turn yellow, and the urine became black.

Energy drinks are very common on urban surfaces. As an energy supplement during exercise, it is good for the body, but you should not overdo it. Do not let it go because the vitamins contained in it are irreplaceable, especially in excess. Some use energy drinks instead of daily ones.The problem of vitamin poisoning can arise when drinking water.

Once this poisoning appears, you can see the following symptoms: nausea, vomiting, loss of appetite, fever, fatigue, abdominal pain, darkened or even darkened urine, yellow stains on the eyes or skin. Once these conditions appear, other factors are ruled outAfter the cause of hepatitis, it is necessary to consider whether it is caused by energy drinks.

Experts have suggested that functional beverages cannot replace water nutritionists. Functional beverages generally contain vitamins, glucose, minerals, electrolytes, lysine, and some ingredients such as caffeine and taurine in water.

These ingredients have certain anti-fatigue and proper calcium, potassium, minerals, electrolytes and other effects, which are more suitable for specific people and adults who consume energy.

Functional beverages are not suitable for everyone and children are in the developmental stage. The amount of exercise is small. If they are supplemented in excess, they will increase the burden on children’s self-regulation. The excess will exceed the child’s digestive system and kidney, liver and nervous system’s ability.

Pure fruit juice is rich in vitamins, especially high in vitamin C. Children can supplement it in moderation, but the sugar content in fruit juice is high. Excessive amounts will cause rise, diarrhea, and malnutrition.

Functional drinks and juices are not a substitute for porridge, fruits and vegetables, let alone water.

Functional drinks cannot replace water. It is an important nutrient for the body to maintain normal physiological activities. In addition to its own nutrients, it also dissolves, absorbs various nutrients, replaces various metabolic wastes in the body, participates in body temperature regulation, and reduces fatigue accumulated in muscles.(Lactic acid) and other effects.

Primary and secondary school students drink water with 1.

5 to 2 liters is preferred, and warm water is the best.

At the same time, children should develop good eating habits of drinking porridge and eating fruits, vegetables, and fruits, in order to help children’s healthy growth.

[Can stomach patients eat barley red bean powder]_Stomach patients_Can you eat

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Enhanced index base tracking index to earn more winners in 2019

Enhanced index base tracking index to earn more winners in 2019

Original title: In 2019, the enhanced index base index will earn more five performance winners. The operating path exposure source: Daily Economic News Every reporter Nie Hong Every editor Xiao Ruidong Enhanced Index Fund does not mean that it can definitely outperform the index, butJudging from the performance in 2019, most have achieved results that exceed the index.

  ”Daily Economic News” reporter noticed from the 2019 Four Seasons Report recently disclosed that the top ten heavy positions in the index fund with outstanding performance have different degrees of changes from the tracking index, and some of the top ten heavy positions are even before the index.The top 武汉夜网论坛 ten stocks are completely different.

What exactly did the Enhanced Index Fund do in the fourth quarter of 2019?

The reporter selected a number of five broad-based indexes—the Shanghai Stock Exchange 50, the Shanghai Stock Exchange 100, the Shanghai Stock Exchange 300, the Shanghai Stock Exchange 300 and the Shanghai Stock Exchange 1000—to look for index funds that showed outstanding performance in order to explore their “enhancement” secrets.

  Most Enhanced Indexes Receive Excessive Returns From the five major indexes selected by reporters, most enhanced index funds have received excess returns.

Specifically, the enhanced index funds tracking SSE 50, CSI 100 and CSI 1000 all ran out of excess returns in 2019, while the rest of the funds in the relevant enhanced index funds of CSI 300 and CSI 500 were basically the same.Outperformed the index, and even bottomed out in index funds tracking the same index.

In fact, the products with outstanding performance also made enough excess income, outperforming the index by more than 10 exchanges.

Among them, at least the fund ran over 23 compared to the underlying index in 2019.

2 outstanding returns.

  Is there a way for index funds to run out of excess returns?

A senior analyst at the Shanghai Securities Fund Evaluation and Research Center stated that from a strategic perspective, multiple enhanced index funds obtain excess returns through a quantitative multi-factor model, and only a small number of funds use active management.

Other enhancements include new stocks and hedging of stock index futures.

  So, for the enhanced index funds that ran out of significant excess in 2019, did they use some kind of enhancement strategy?

How was the position allocation in the fourth quarter?

The reporter combed the five outstanding performance enhanced index funds and found that in terms of strategy, most of the enhanced index funds use quantitative multi-factor models as one of the enhancement methods.

Some high-level sources said that the current strategy of index enhancement is mainly done through quantitative models, and rarely used active management.

Judging from the fund report, innovation is also an important source of enhancement.

  What are the criteria for a good index-enhanced fund?

Do investors properly consider certain aspects when choosing?

The analyst said: “When selecting index-enhanced funds, I will pay more attention to products with excess returns that increase stock selection capabilities.

If a Shanghai and Shenzhen 300 index-enhanced product often picks small market capitalization stocks in the CSI 500 or CSI 1000, then its excess income comes from exposure to market value factors, not stock selection capabilities.

In addition, more strictly speaking, when comparing similar products, other sources of income, such as new, should be separately identified to simply assess their stock selection capabilities.

“Some stocks were heavy in the fourth quarter?

  If the ability to select stocks is an important aspect of index-enhanced funds, what are the heavy-weight stocks in the fourth quarter of the five largest enhanced indexes that have performed well in 2019?

How are the top ten 杭州夜网 constituents different from their underlying index?

  Among the index funds tracking the SSE 50, E Fund’s SSE 50 Index has performed outstandingly, and outperformed nearly 18 indexes in 2019.

From the perspective of heavy stock holdings, as of the end of the fourth quarter, the proportion of the weight of the first two heavy stocks of the E Fund SSE 50 Index A was basically the same as that of the Shanghai 50 Index, and the position of heavy stocks has been adjusted since then.

For example, Ping An Bank, China Construction, Wuliangye, and Changchun Hi-tech appeared in the top ten heavy warehouses. These four stocks alternated among the top ten constituent stocks of the Shanghai 50 Index.

  Under the ranking, in the index fund tracking the CSI 100, it ran out of 10 in 2019.

The 91 single excess Baoying CSI 100 Index has strengthened. Among the top ten heavy positions in the fourth quarter, except for the order of Midea Group and Industrial Bank, which is slightly different, it is basically the same as the top ten odd stocks of the underlying index.

  Throughout 2019, the GF Shanghai and Shenzhen 300 Index has strengthened more than the Shanghai and Shenzhen 300 Index to earn 11 more.

33 averages.

From the position of the fourth quarter, 7 funds of the fund’s top ten heavy positions belong to the top ten land stocks of the Shanghai and Shenzhen 300 Index.

Among them, the top three heavy warehouses in China Ping An, Guizhou Moutai and China Merchants Bank have not changed, and the proportion of the fund’s net worth is basically the same as the weight of individual stocks in the index.

In addition, the three stocks of the top ten constituents of the fund’s dividend index are Vanke A, Ping An Bank and Everbright Bank.

  Since Shenwan Lingxin CSI 500 preferred enhancement has not yet disclosed the 2019 Four Seasons Report, the reporter replaced it with an increase of more than 10 Boshi CSI 500 indexes.

According to the information disclosed in the quarterly report, the Bosh CSI 500 Index strengthened the top ten heavy positions at the end of the fourth quarter of 2019. In addition to the top ten stocks of Wingtech and the CSI 500 Index, the other nine heavy stocks have different and changing advantages.

  The China Merchants CSI 1000 Index, which outperformed the CSI 1000 by more than 15 copies in 2019, has strengthened. At the end of the fourth quarter, the top ten heavy stocks and the top ten constituents of the index did not overlap.And from the perspective of positions, the ratio of the fund’s net worth is all zero.

9% and above, significantly higher than the weight of individual stocks in the CSI 1000 Index.

  The enhanced index fund that basically tracks the large-cap index, the enhanced index fund for the small-cap index seems to be more thorough in the change of heavy positions.

Some ordinary people said: “The excess returns of index-enhanced funds still need to adjust the size of the company. It is relatively difficult to choose better stocks in the Shanghai 50 and Shanghai 300.

There are good and bad in CSI 500 or CSI 1000, so it will be easier to get some excess returns through stock selection.

Juewei Food (603517) Interim Report 2019: Stores expand steadily

Juewei Food (603517) Interim Report 2019: Stores expand steadily
The second-quarter performance exceeded expectations, and the scale effect drove net profit margins to 2019H1 revenue24.90 billion (+19.42%), net profit attributable to mother 3.9.6 billion (+25.81%), of which 13 in 19Q2 revenue.36 billion (+19.24%), net profit attributable to mother 2.15 billion (+30.77%), performance exceeded expectations.19H1 gross profit margin 34.23% (-1.25pcts), of which 19Q2 gross margin is 35.03% (-1.36pcts), mainly due to the growth of raw materials.19H1 net profit 4.40% (+0.82pcts), of which 19Q2 net interest rate is 15.91% (+1.48 pcts), mainly due to the decrease in gross profit margin and the decrease in management expense ratio under the effect of scale1.83 points, taxes and surcharges fell by 0.26pcs, the sales expense ratio decreased by 0.19pcts and so on.2019H1 Operating Cash Flow 6.8.4 billion (+106.17%), mainly due to the sale of goods and labor services received in cash28.44 billion (+16.65%) and so on.2019H1 Construction in progress 1.1.7 billion, an increase of 43 at the beginning of the same period.39%, mainly due to the orderly progress of Shandong Aqi Food and Tianjin Azheng Food. Overseas began to contribute, the store expanded steadily. From the product point of view, the company’s main business is outstanding, mainly fresh products, supplemented by packaging products. Its fresh products revenue23.74 billion, accounting for 97.5%; franchise management revenue 30.56 million, accounting for about 1.3%; specifically, the revenue of poultry products19.09 billion, accounting for over 78%; vegetable products revenue 2.5.4 billion, accounting for over 10%.From the perspective of channels, the sales revenue of halogen products23.79 billion, accounting for nearly 98%.From a regional perspective, the top five regions in terms of revenue are Central China, Eastern China, Southern China, Southwest China, and North China. Among them, Central China accounts for nearly 27% and CR5 accounts for nearly 97%. Overseas markets have also expanded smoothly. Hong Kong,Singapore revenue was 0.3.3 billion, accounting for 1.34%.In terms of stores, the company’s stores increased from 9,915 in 2018 to 10,598 stores in 2019H1, adding 683 stores.We expect the company to maintain its 800-1200 annual store opening plan. Committed to creating a gourmet platform and accelerating the creation of a gourmet ecosystem. The company’s main 杭州桑拿 objective is to “deeply cultivate the main business of duck necks and create a gourmet ecosystem”.In terms of stores, focusing on “increasing single-store revenue, opening more stores, and opening good stores”, continued to improve the construction of fourth-generation stores, and promote the upgrade of high-potential store images; online, store information systems were upgraded to improve the level of terminal information, and the number of cumulative member registrations exceeded50000000.The company’s powerful “cold chain fresh, daily delivery to the store” supply chain model and ability to control channels, through new project incubation, investment and mergers and acquisitions to expand the “food ecosystem”, investment includes Safia, HefuCatering, Happy Cake, Bei Beidou, Fuling Hot Girl, Qianwei Yang Kitchen and other companies are committed to becoming “accelerators for specialty foods and light dining.” The investment proposal maintains EPS 1 for 2019-2021.35/1.61/1.91 yuan, corresponding to PE29 / 24/21, maintain “Buy” rating. Risk warnings on food safety issues; growth of raw materials; sales of core products fall short of expectations;

90% of Yuanyue Debt Base earns a positive income of Zhejiang Merchants, Tianzhi and other affiliated 18 products with losses of more than 1%

90% of Yuanyue Debt Base earns a positive income of Zhejiang Merchants, Tianzhi and other affiliated 18 products with losses of more than 1%

Original title: Yuanyue debt-based super 90% positive income gold letter won the title Penghua Changsheng Yi Fangda led China Economic Network Beijing February 5 (Reporter Li Rongkangbo) Many investors are still immersed in the hot A-share market in 20
19At that time, January 2020 was over. Generally speaking, the performance of the stock market in January was clearly differentiated. Although the growth stocks continued to grow under the new 5G-driven technology cycle, the value blue chip stocks represented by big finance and big consumptionHowever, the weak trend led to a sharp decline in the motherboard market index.

  Affected by the uncertainty of the main board market trend, investors’ higher risk aversion has lifted the bond market, and bond funds also created higher returns in January.

According to Wind data, among the more than 2,900 bond funds that can obtain comparable data in the near future, there were 2,739 products with positive returns in January, accounting for more than 94%.

Among them, there are 5 debt bases that have increased by more than 5%, and the highest increase is 8.


  Specifically, the winner of the January Moon Bond Fund is Jin Xinmin Wang A. The outstanding performance of the fund is mainly due to the good performance of multiple technology stocks held by its heavy storage in January.

The latest disclosed quarterly report by Jinxin Minwang A shows that the fund’s asset allocation is mainly convertible bonds, supplemented by numerous stock investments. The top ten heavy stocks are Hikvision, Shengda Resources, and shares., Shandong Gold, Gree Real Estate, the same shares, Jin Yi Technology, Bank of China, Quartet Innovation, Feitian integrity.

  According to statistics from the China Economic Network reporter, Penghua Fund has a number of bond funds in the top of the month’s increase in bond base, including Penghuafeng and A, Penghuafeng and C, Penghua convertible bonds, PenghuafengShang B, Penghua Fengshang A, etc.

Among them, Peng Huafeng and A, Peng Huafeng and C, Peng Huafeng Shang B, and Peng Hua Feng Shang A are all led by the same fund manager, Dai Gang, who has worked in the research and development department of Guangdong Min’an Securities; He joined Penghua Fund Management Co., Ltd. in September 2005, and worked in military research and analysis. He has held positions in bond pricing and special account investment managers.

  Take Peng Huafeng and A as an example, the fund ‘s monthly increase was 4 yuan.

29%, ranked 7th in the list of debt base gains, and ended the close on January 23, the fund’s incremental unit net worth 1.

6560 yuan.

The Four Seasons Report shows that the fund has a balanced allocation of bond assets and stock assets, of which the bond assets are mainly high-rated credit bonds within three years, and the equity assets are allocated stock assets and convertible bonds assets, which are mainly stable varieties.

  Changsheng Fund’s two convertible bond funds, Changsheng Convertible Bond A and Changsheng Convertible Bond C, also ranked on the top ten list of January-month bond funds, with gains of 3 respectively.

87%, 3.


In addition, products such as Yifangda Yuxin A, Yifangda Yuxin C, Southern Greek Yuan Convertible Bonds and Dacheng Convertible Bond Enhancement also increased by more than 3%.

  On the drop list, Hongta Red Earth Ruixiang pure debt C yuan monthly decline was 2.

00%, ranking first in the decline of bond funds. It is worth noting that the fund was established on December 30, 2019. It has only been more than one month since its establishment, and its bond positions have not been announced.

However, from the perspective of the fund’s net worth trend, the fund’s net value fell by 2 on January 10.

12%. As a result, a reporter from China Economic Network inquired about its announcement and found that the fund had a large redemption on January 9, 2020.

  On the whole, there were 18 bond funds exceeding 1% in January, including both pure bond products and convertible bond products. From the perspective of the convertible bond products with the largest decline, Zhejiang Shangfengli strengthened last year.Liquor, banks, securities firms and agricultural stocks were mainly allocated in the fourth quarter, while Tianzhi’s stable double profit mainly held bank stocks, and its decline in net worth was mostly dragged down by the weak trend of value blue-chip stocks.

  The end of January coincides with the Spring Festival. The reporter noticed that before the Spring Festival, many bond fund products issued intensive announcements on the suspension of purchases or large purchases.

In this regard, relevant persons believe that the expansion of some Chinese New Year’s institutional funds through the use of currency funds or bond funds to arbitrage arbitrage.”Thank you.”

  Regarding the bond market outlook, some market participants believe that the bond market is expected to continue to maintain a more positive performance in the short term.

Huang Weiping, nominally from Industrial Securities bonds, said that in the context of the current capital market due to the risk aversion, there are better trading opportunities in the bond market in the near future. After that, it is likely that monetary policy will maintain a loose tone in the short term.Time may stretch.

At the same time, the excessive term spreads provide long-term downward space.

In addition, the allocation of incremental funds requires a certain degree of dislocation in the current debt market supply and demand structure.

  Oriental Securities bond analyst Pan Jie said that for credit bonds, low and medium grades are expected to be affected by risk appetite and spreads are expected to increase; high grades are expected to reflect high beta and performance.

For convertible bonds, under the condition that 杭州夜生活网 the risk appetite is down in the short term, the pressure is a high probability, but short-term adjustment does not change the long-term market demand.

If the growth rate of social financing maintains a relatively high growth rate, market risks are expected to rise again, and convertible bonds will usher in the “second spring”.

The top 40 bond funds in January rose or fell in the top 40 No. of securities referred to as January unit net value range% unit net value yuan fund scale scale securities referred to as re-united unit net value growth rate% unit net value yuan fund scale 1 Jinxinminwang A8.



02 Hongta Red Earth Ruixiang pure debt C-2.



502 Jin Xinminwang C8.891.


05Zhejiang Shangfengli enhanced -1.



The 133 West has a solid double-interest A6.



42 ICBC Credit Suisse Ruiying-1.



The 534 West has a solid double-interest C6.



22 Ping An Huilong Pure Debt -1.



225 Caitong grew steadily by A5.



18 days rule of steady double profit -1.



566 Caitong grew C5 steadily.



00 Hai Futong convertible bonds are preferred -1.



707 Peng Huafeng and A4.



15 Beixin Ruifeng Dingli C-1.



018 Peng Huafeng and C4.


14 Beixin Ruifeng Dingli A-1.

039 Changsheng convertible bonds A3.



19 Noam Juli C-1.



7610 Changsheng Convertible Bond C3.



43 Noam Juli A-1.



2711 Penghua convertible bonds 3.



84 Chuangjinxin convertible bonds selected C-1.



0212 Yifangda Yuxin A3.



21 Bank of Communications convertible bonds C-1.



0213 Yifangda Yuxin C3.



86 Chuangjinhexin Convertible Bonds Selected A-1.



0114 CITIC Prudential reached A3.



71 Bank of Communications convertible bonds A-1.



2415 Soochow Zengli C3.


02Huafu Convertible Bonds-1.


6016 Soochow Zengli A3.



Twelve countries are steadily C-1.



1117 Southern Greek yuan convertible bonds 3.



The 80-nation Rongrong A-1.



0118 Fu Anda enhanced earnings A3.



39 days rule steady Shuangxin-1.



7219 Fu Anda enhanced earnings C3.



56 China Shipping Convertible Bond C-0.



4620 Dacheng convertible bonds enhanced3.



24 Zheshang Huiying Pure Bond C-0.



0021 Bo Shitian Yi C2.



91 China Shipping Convertible Bond A-0.



9122 Bo Shitian Yi A2.

66 Xinhua Fengli C-0.



1123 Rich Countries Convertible Bonds 2.



41 South Tycoon C-0.



0024 Bo Shi convertible bonds strengthen A2.



70 Xinhua Fengli A-0.



2025 Penghua Fengshang B2.



44 Huaxia Ankang Credit preferred C-0.



7626 Bo Shi convertible bonds strengthened C2.



49 Nuo An Henghui -0.



0027 Furong Fuan A2.



02 Boshi Credit Bond C-0.



1628 Furong Fuan C2.



00 Galaxy Ruyi -0.

3329 Penghua Fengshang A2.



98 Huaxia Ankang Credit Co., Ltd. is A-0 preferred.



4430 People’s livelihood plus silver-to-bond conversion is preferred to A2.



06 Boshi Credit Bond A-0.



3931 Huaxia Dingli C2.



65 Boshi Credit Bond B-0.



3932 Cathay Pacific Convertible Bonds 2.



61 Xinhua Zengyi C-0.



3733 Huaxia Dingli A2.



25 Xinhua Zengyi A-0.



2434 People’s livelihood plus silver to debt conversion is preferred to C2.



44 Xinhua Dingli C-0.



0835 Caitong earnings enhanced A2.


21 Xinhua Dingli A-0.


3336 Caitong earnings strengthened C2.



09 Baoying enhanced earnings C-0.



1437 Yifangda double debt enhanced A2.



79 Baoying enhanced earnings AB-0.



2738 Dacheng Jingrong C2.



04 Chinese businessmen’s double debt C-0.



6139 Dacheng Jingrong A2.



40 Dongfang Yongxi 18 months C-0.



0040 Bank of Communications double profit C2.



10 ICBC Credit Suisse convertible bonds preferred C-0.



24 Source of data: Wind (end date of scale: December 31, 2019)

Sinopec (600028): Stable oil and gas sales profit recovery

Sinopec (600028): Stable oil and gas sales profit recovery

This report reads: The continuous increase in natural gas and natural gas prices in the exploration sector has turned losses into profits, and a high percentage of dividends continues.

Investment Highlights: Maintain Overweight rating and lower target price by 5.

95 yuan.

The company’s performance was slightly lower than our expectations.

Due to the downturn in the refining and chemical industry and increased competition, we lower the company’s EPS for 2019-2021 to 0.

50, 0.

56 and 0.

57 yuan (the original value is 0.

69, 0.

75 and 0.

77 yuan), the reduction range is 38%, 33% and 35%, corresponding to PE is 10/9/9.

The company’s profitability has dropped, giving it 12 times PE in 2019 and lowering its target price to 5.

95 yuan, giving an overweight rating.

The exploration plate stabilized oil and gas.

In the first three quarters of 2019, the company’s exploration segment realized operating income of 87.

1.8 billion, three consecutive quarters of profit since 2015, natural gas production increased.

4%, realizing price increase of 4 per year.

7%, in the case of crude oil prices lower than the previous month and the chain fell, the plate still maintained a single quarter profit.

At the same time, the company’s proven natural gas reserves have increased rapidly, and its estimated output will also maintain rapid growth in the future.

Refining and chemicals are trapped in the downturn.

Competition in domestic oil refining and chemical industry has intensified, and the demand side has not improved, and the company’s refining and chemical industry performance has continued 厦门夜网 to grow.

In the first three quarters of 2019, the operating income of the refining segment was US $ 22.5 billion, and in the single quarter, US $ 3.4 billion and the average chain price fell, leading to higher processing costs. At the same time, refined oil prices fell and the spread narrowed; the operating revenue of the chemical segment in the first three quarters of 2019US $ 16.6 billion. Although the processing volume of the chemical sector has increased, the prices of products have fallen sharply. Among them, the prices of ethylene and benzene have all fallen by more than 25%. The spread has continued to shrink, affecting the company’s profit in the chemical sector.

Profits in the marketing and distribution sectors resumed.

The operating income of the company’s sales segment for the first three quarters was 232.

淡水桑拿网4.5 billion, of which operating income in 2019Q3 was 85.

3.6 billion, an increase of 24 from the previous month.

7%, profitability is gradually recovering. We believe that the company ‘s moat lies in the company ‘s gas station. The company ‘s sales capacity is greater than its refining capacity. With the decline of the refining boom, it is beneficial to make full use of the company ‘s refined oil sales in the first three quarters.8.

5%, the sales performance of the fourth quarter of 2019 is expected to be maintained.

Risk warning: Oil prices have fallen sharply.

Contemporary Mingcheng (600136): China’s bid for the 2023 Asian Cup company has significant revenue

Contemporary 武汉夜生活网 Mingcheng (600136): China’s bid for the 2023 Asian Cup company has significant revenue

Event: The Korean Football Association announced on the 15th that it has written to the AFC to withdraw its application for the 2023 Asian Cup.

So far, China has become the only country to bid for the Asian Cup of 2023.

China’s bid for the 2023 World Cup, the company is the most beneficial target.

Following Southeast Asia and Thailand’s withdrawal from the bid, South Korea also decided to abandon its bid for the Asian Cup of 2023, and China became the only bidder.

The Asian Cup is the strongest and most enjoyable intercontinental competition in the football field in Asia. Its bid will not only enhance the regional influence of Chinese football, but also increase the social attention of football.

The company owns the exclusive global commercial rights of the Asian Football Association in 2021-2028, and its commercial value will be greatly enhanced by the influence of the bid. The company will fully enjoy the copyright value to enhance the gold value of its performance boost and the rapid development of Asian football.

The La Liga copyright was won, and the copyright matrix was further consolidated.

A few days ago, Xinying Cayman, a subsidiary of the company, signed an agreement with the Spanish Football Professional League to win the Spanish Football League All Media Rights for a total of six seasons from 2019/2020 to 2024/2025.

La Liga is an attractive and topical top-level league. Especially after Chinese player Wu Lei joined the Spanish club, he has gained more and more attention from China, and its commercial value has also increased rapidly.

We believe that the acquisition of La Liga copyright will continue to complement the impact of the lack of copyright in the Premier League, and further strengthen the company’s good relationship with the La Liga alliance.

The company currently has 2018-2022 UEFA national team series of games, 2019 / 2020-2024 / 2025 season La Liga all-media copyright, 2021-2028 AFC-related games all-media copyright, leading in the copyright reserve industry, performance continuityGuaranteed.

Waiting for the private landing, optimistic about the improvement of financial costs.

During the acquisition of Xinying Sports, the company produced a certain amount of external redundancy, which formed a certain suppression on the company’s performance.

The company’s non-public issuance is progressing smoothly and it is 杭州桑拿 expected to land.

Moreover, in view of the gradual improvement of the macro financing environment, we believe that the financial cost pressure that gradually suppresses the company’s performance will be effectively improved.

Profit forecast and rating.

The company’s EPS for 2019-2021 is expected to be 0.

42 yuan, 0.

70 yuan, 0.

83 yuan.

The company is a leading sports copyright operator and marketing service provider in China, with rich industrial resources, a comprehensive copyright matrix, and maintains a “buy” rating.

Risk Warning: The risk of major changes in sports policy, the risk of business integration or lower than expected, the risk of event copyright acquisition or lower than expected, the risk of upward financing costs, and the risk of M & A project operation or lower than expected.