Linglong Tire (601966): Release of production capacity and falling costs help third-quarter results exceed expectations

Linglong Tire (601966): Release of production capacity and falling costs help third-quarter results exceed expectations

Pre-investment points: The company’s net profit attributable to its mother increased annually in the first three quarters.

38%, exceeding expectations.

The company released the report for the third quarter of 2019, and achieved operating income of 41 in Q3.

99 ppm, an increase of 10 in ten years.

43%; net profit attributable to mother 4.

890,000 yuan, an increase of 35 in ten years.

80%; gross margin 27.

52%, an annual increase of 4.

75 units; net interest rate 11.

65%, an annual increase of 2.

18 units.

The company achieved revenue of 125 in the first three quarters of 2019.

09 million yuan, an increase of 13 in ten years.

26%; realized net profit attributable to mother 12.

140,000 yuan, an increase of 37 in ten years.

38%; gross margin 26.

00%, net interest rate 9.

71%.

The growth rate of the company’s performance in Q3 and the first three quarters exceeded our expectations.

The release of overseas production capacity and the decline in raw material costs are preliminary results that exceed expectations.

According to the company announcement, Q1 2019 will produce 1574 tires.

220,000 articles, an increase of about 16 in ten years.

60%; 1470 tires sold.

500,000, an increase of about 10 in ten years.

85%; the average price of a single tire is 282.

81 yuan, basically 重庆耍耍网 the same as last year.

The company produced 4,480 tires in the first three quarters.

400,000 articles, an increase of about 10 in ten years.

94%; 4,228 tires sold.

250,000 articles, an increase of about 8 in ten years.

74%; the average price of a single tire is 293.

03 yuan, increased by 11 last year.

91 yuan.

Domestic car production and sales declined (the first three quarters of 2019 were 1814 respectively.

90,000 and 1837.

10,000 vehicles, down 11 every year.

4% and 10.

Under the unfavorable situation of 3%), the company’s tire production and sales and the average price of single tires have achieved good growth. We may be due to the third phase of the Thai plant’s full production capacity in the middle of the year, and export tires increased. The company announced that in the third quarter, the overall prices of the five main raw materials of natural rubber, synthetic rubber, carbon black, steel cord, and cord fabrics fell year by year.

70%, contributing to the high growth rate of quarterly performance.

Passenger car tires and the new Serbian plant will provide strong guarantees for continued higher growth in the future.

The company has started to provide main tires for first-class models of the FAW Jetta brand in the middle of this year. From the two models of VA3 that Jetta launched in September, the total sales of VS5 exceeded 1 that month.

10,000 vehicles to judge, in the future, the brand is selling well and exceeding the market’s expected probability deviation.

On August 26, the company announced a comprehensive strategic cooperation agreement with Geely Automobile Research Institute. The future supporting of Geely Automobile should be worth looking forward to.

Construction of the Serbian factory invested by the company has begun, and production is planned to be completed by the end of 2020, mainly for the European market.

Entering the huge market for passenger car tires (the annual sales of passenger cars in China is about 6 times that of commercial vehicles), and the completion and commissioning of a new plant in Europe and Serbia will provide the company with rapid development in the next few years, providing a lot of benefitsFoundation and guarantee.

Investment suggestion: The company ‘s performance in the first three quarters exceeds expectations, and as the industry gradually picks up and orders for passenger car tires are gradually released, performance growth may accelerate.

Therefore, we raised the company’s expected earnings forecast for 2019 to 2021 to 1.

36 yuan, 1.

66 yuan and 1.

87 yuan, corresponding to 15 net asset income.

6%, 17.

3% and 17.

6%.

Maintain “Buy-A” investment rating.

Risk warning: the recovery of automobile production and sales is lower than expected; the expansion of supporting new customers is lower than expected; the price of raw materials has risen sharply.

Zoomlion (000157): Significant increase in revenue and net profit attributable to mothers New products continue to develop

Zoomlion (000157): Significant increase in revenue and net profit attributable to mothers New products continue to develop

Investment Highlights: Event: The company released its semi-annual report for 2019, and the company achieved operating income of 222.

62 ppm, an increase of 51 in ten years.

23%, net profit attributable to parent company 25.

760,000 yuan, an increase of 198 in ten years.

11%; of which, the second quarter achieved operating income of 132.

45 ppm, an increase of 58 in ten years.

44%, achieving net profit attributable to the parent company of 15.

740,000 yuan, an increase of 222 in ten years.

94%.

Profitability improved significantly and cash flow improved significantly.

The company achieved operating cash flow in the first half of the year35.

75 ppm, an increase of 124 in ten years.

19%; reported company gross profit margin 30.

0%, up 4 every year.

41 units; sales expense ratio reached 8.

45%, rising by 0 every year.

21 units; total management and R & D costs5.

71%, down by 1 every year.

11 units; financial expense ratio 2.

76%, down by 1 every year.

The 50 averages are mainly due to the impact of exchange rate changes; the net profit 武汉夜网论坛 rate to mothers reached 11.

57%, an increase of 5 per year.

Seven mergers have significantly enhanced the company’s profitability.

The construction machinery business grew strongly and new products continued to develop.

Reporting baseline, the company’s construction machinery product sales revenue was 210.

160,000 yuan, an increase of 54 in ten years.

62%, achieving a gross profit margin of 29.

74%, an increase of 4 per year.

14 units.

1) The concrete machinery business realized operating income of 74.

900,000 yuan, an increase of 31 in ten years.

15%, achieving a gross profit margin of 27.

37%, an increase of 5 per year.

21 units; 2) The operating income of lifting machinery business reached 110.

5.0 billion, an annual increase of 94.

75%, achieving a gross profit margin of 32.

17%, an increase of 3 per year.

83 units, of which Hunan Zoomlion Construction Crane Machinery Co., Ltd., a subsidiary, realized operating income of 38.4.3 billion, achieving net profit3.

7.7 billion; 3) Operating income from other machinery and product businesses25.

21 ppm, an increase of 13 per year.

06%, achieving a gross profit margin of 26.

15%, down by 1 every year.

29 units.

The report pointed out that the company ‘s domestic market share of lifting machinery and concrete machinery has continued to be “one of the best”. Among them, construction cranes and long boom pump trucks continue to maintain the number one position in the industry. The domestic market share of truck cranes has increased by 6 compared with 2018.

8 pct.

Emerging product aerial platforms have made a good start and are expected to become the first echelon enterprise in the field of aerial platforms; earthmoving machinery has completed the nationwide sales and service network layout and is expected to become a strong growth point for the company in the future.

Agricultural machinery remained stable, and financial services business achieved substantial growth.

The company’s agricultural machinery business reported operating income9.

1.1 billion, down 2 a year.

57%, achieving a gross profit margin of 10.

37%, an increase of 0 every year.

17 averages.

The company’s market advantage in the agricultural machinery business remains solid.

Financial services business realized operating income 3.

350,000 yuan, an increase of 73 in ten years.

28%, achieving a gross profit margin of 99.

73%, a decline of 0 every year.

05 averages.

The company’s financing guarantee company operates effectively, cooperates with the industrial sector to improve the industrial chain layout, and through expanding cooperation with the China Enterprise Cloud Chain, the upstream and downstream of the industrial chain can enjoy more reasonable, convenient and flexible financial services, and promote industrial transformation and upgrading.

profit prediction.

We expect the company’s EPS to be zero in 2019-2021.

51, 0.

63, 0.

76 yuan / share, the net net asset is 5.

25, 5.

56,5.

97 yuan / share, the company’s closing price on August 30, 2019 5.

30 yuan / share, corresponding to 1 each of 2019-2021 PB.

01, 0.

95, 0.

89 times, corresponding to 10 each for PE.

39, 8.

41, 6.

97 times.

Give the company 1 of 2019.

10-1.

35 times PB, corresponding to a reasonable value range 5.78-7.

09 yuan, corresponding to PE 11 in 2019.

32-13.

90 times, which is in the range of the estimated level of comparable companies.

Risk reminder: the demand of the construction machinery industry decreases, the agricultural machinery business continues to decrease, new product progress exceeds expectations, and bad debt losses increase.

Yangtze River Power (600900): Influential water supply in the river basin drives revenue growth and awaits the commissioning of new power stations in the future

Yangtze River Power (600900): Influential water supply in the river basin drives revenue growth and awaits the commissioning of new power stations in the future
I. Overview of the event The company released its semi-annual report for 2019: reporting that the two companies achieved operating income of 203.6.3 billion yuan, an increase of 6 over the same period last year.00%; operating cost is 43.810,000 yuan, an increase of 31 over the same period last year.85%; Net profit attributable to shareholders of the listed company is 87.5.7 billion, an increase of 5 in the first ten years.38%, basic profit income is 0.39 yuan, an increase of 0 last year.59%. Second, analyze and judge that the inflow of water from the river basin is more abundant and increase the power generation, which drives the company’s revenue to increase slightly in the first half of the year.The company completed a total of 853 power generation in the first half of 2019.8.9 billion kWh, an increase of 5 per year.01%.In terms of water intake from the basin, the amount of water from the Three Gorges Reservoir is about 1587.3.5 billion cubic meters, which is more abundant than the same period last year6.61%, the cascade power plant Three Gorges Power Plant and Gezhouba Power Plant completed 408 power generation respectively.2.5 billion kWh and 87.4.6 billion kWh, an increase of 佛山桑拿网 4 over the same period last year.91% and 3.04%; the amount of incoming water in Xiluodu Reservoir in the first half of the year was 417.5.4 billion cubic meters, previously withered1.68% of its cascade power plants Xiluodu Power Plant and Xiangjiaba Power Plant completed 228 power generation respectively.09 billion kWh and 130.09 billion kWh, an increase of 6 each year.58% and 3.96%.Increasing power generation in the river basin caused the increase in power generation and the stability of electricity prices, driving the company’s revenue in the first half of the year to rise slightly, up 6%. Accurately grasp the bond issuance window and achieve new results in capital operations.In the first half of the year, the bond market remained volatile. The company accurately grasped the window and issued 6 issues totaling 15 billion U.S. 杭州夜网论坛 dollars in the same period last year. It issued 3 issues totaling 10 billion U.S. dollars.41%, a significant decrease of about 90bp compared to the same period last year, and financial expenses in the first half of the year decreased by 2.07 billion, down 7 every year.25%.In fact, the company increased foreign investment 72 in the first half of the year.09 million yuan, achieving investment income of 19.06 billion, although it was 22 compared with the same period last year.94 million decreased slightly, but still ensured the company’s relatively stable investment income.In addition, as a big cash flow company, the cash and its equivalents on June 30, 2019 increased by about 2 billion yuan compared with December 31, 2018, greatly improving the company’s operating capabilities, reducing debt repayment risk and raising debt rights.People’s confidence in the company.In addition, under the company’s business performance and marketing recommendations, the company’s market value exceeded 4,000 trillion for the first time, and it was reported to be as high as 4026 trillion.On the whole, the company’s capital operation performance was remarkable in the first half of this year. With the commissioning of the Baihetan and Wudongde power plants in the next two years, the power generation will welcome a substantial increase.As the world’s largest listed hydropower company, the company has a total installed capacity of 4,549 as of June 30, 2019.50,000 kilowatts, accounting for 12 of the country’s hydropower installed capacity.92%.The company’s current hydropower stations include Baihetan Power Plant and Wudongde Power Plant, with installed capacity of 16 million kilowatts and 10.2 million kilowatts, respectively, accounting for 57 of the total installed capacity.6%.Among them, the Baihetan wind turbine is expected to generate power in the first batch of units in July 2021, and all projects will be completed in December 2022, with an estimated annual power generation of 6.24 million kilowatts.All projects were completed in December, with an estimated annual power generation of 3.89 million kilowatts.In view of this, we expect that the company’s power generation will gradually increase in 2020 and achieve a substantial increase by 2023. Third, profit forecasting and investment advice The company benefited from the abundant water supply in the river basin in the first half of the year, and the power generation volume achieved a slight increase.With the successive commissioning of Baihetan and Wudongde wind turbines, we expect the company’s power generation to increase significantly.We expect the company’s EPS for 2019-2021 to be 1.06, 1.07, 1.08 yuan / share, corresponding to PE, 16, 16, 16 times, given a “buy” rating. 4. Risk warnings 1. Regional water supply is less than expected; 2. The growth rate of electricity consumption in the whole society is less than expected; 3. Electricity settlement prices are falling.

Dashenlin (603233): The chronic disease supply policy benefits Guangdong drugstore companies

Dashenlin (603233): The chronic disease supply policy benefits Guangdong drugstore companies

Event: Recently, the Guangdong Medical Insurance Bureau, the Health and Medical Commission and the Drug Supervision Bureau issued the “Guiding Opinions on Promoting the Supply of Drugs for Chronic Diseases by the Designated Retail Pharmacies of Basic Medical Insurance in Guangdong Province” (hereinafter referred to as “Opinions”).

  Opinion: Medicare pays for pharmacies to break the ice, and the Guangdong pharmacy industry welcomes major benefits. The Opinion states that insured patients can purchase prescription drugs for chronic diseases at designated retail pharmacies, and can be reimbursed by the basic medical insurance pooling fund. Individuals onlyNeed to pay personal expenses.

Although there are restrictions on the scope of medication for chronic diseases, as well as restrictions on external prescriptions and medical treatment vouchers, the Opinions are still the first time 杭州桑拿 that most designated retail pharmacies proposed by local medical insurance bureaus can use medical insurance pooling accounts to reimburse.

  In the past, only a few medical insurance designated pharmacies could obtain special / chronic or major illness medical insurance reimbursement qualifications. Most patients can only use personal accounts to solve drug reimbursement problems in pharmacies. This situation also easily leads to the urgent need for high prices in pharmacies.When medications are used for serious illnesses, personal accounts often cannot meet the demand, which also makes pharmacies acceptable in terms of ensuring the convenience of purchasing drugs.

We believe that the issuance of the “Opinions” is expected to solve the problem of reimbursement of drugs purchased by designated pharmacies in Guangdong Province for patients with chronic diseases and severe illness, and may also exacerbate the convenience of pharmacies in Guangdong Province and further promote the implementation of a healthy Guangdong strategy.
  The gradual standardization of the management of retail pharmacies in Guangdong Province. Dashenlin has benefited most from the pressure on the supervision of the medical insurance pooled funds account, and the management responsibilities required by government departments are also heavier. Therefore, the connection of the medical insurance pooled funds qualification to the pharmacy must be one.Strict and effective supervision.

The “Opinion” points out that pharmacies must have a complete IT system, and the relevant data must be under the supervision of the Guangdong electronic drug circulation electronic supervision system. At the same time, there are strict pricing restrictions on chronic diseases drugs sold by pharmacies:The pricing of cancer drugs shall not exceed the negotiated price; the selected drugs for national drug collection may be appropriately increased on the basis of the selected prices, but the standard shall be paid by the patient; the retail prices of hypertension and diabetes drugs shall not exceed the payment standards determined by the provincial medical insurance bureau.
In general, pharmacies that are allowed to reconcile the quality of their account reimbursement will face strict supervision, so we believe that leading pharmacies that are more able to adapt to tighter standards will be the ones that are profitable.

As Dashen Forest is the leader in the pharmacy industry in Guangdong Province, we believe Dashen Forest is expected to become the leading company that will benefit most from the formal implementation of the Opinions.

  Innovate the service model of primary medical institutions, and Guangdong’s prescription outflow is expected to further. The Opinion states that Guangdong Province will innovate the service model of primary medical institutions, including: 1) Extending the amount of prescription medical insurance, and the amount of prescription medical insurance can be relaxed according to the needs of the disease 4-12 weeks; 2) Exploring the establishment of cooperative relationship between primary medical institutions and retail pharmacies, pharmacies can deliver the required medicines to the intravenous drug deployment center of the medical institution where the insured patient visits; 3) Promote “Internet + drug circulation”, mainly supportingThe policy of “subscriber taking, online ordering store delivery” encourages the implementation of the prescription transfer platform; 4) further consolidates and eliminates the achievements of supplementing medicine with drugs; 5) strengthens the supervision model of big data applications, and improves the construction of an intelligent medical insurance supervision platform.

Judging from the work of the best new and innovative primary medical service provided by the “Opinions”, we believe that the relevant regulatory departments within Guangdong Province have clearly pointed out the path of prescription outflows, and Guangdong Province has further promoted the outflow of prescription drugs.

  Profit forecast, estimate and rating are maintained for the time being. 19?
The 21-year EPS is 1.

38/1.

76/2.

07 yuan, the current price corresponds to 19?
21 years PE37 / 29/25 times.

The company focuses on the South China market. It has strong refined management capabilities and strong profitability. In the future, new construction and mergers and acquisitions can increase the speedup space to ensure stable growth. We are optimistic about the investment value brought by long-term growth.

The implementation of the “Opinions” promoted the progress of prescription outflows in Guangdong Province. The company, as the leader of Guangdong drug stores, maintained the “Buy” rating.

  Risk Warning: The performance of M & A pharmacies is not up to expectations; the extension speed of new openings and M & A is not up to expectations.

Construction Machinery (600984): Interim profit forecast + 218% profit release expected to continue into 2020

Construction Machinery (600984): Interim profit forecast + 218% profit release expected to continue into 2020

Interim profit forecast + 218%, raised earnings forecast.

The company’s 1H19 is expected to return to its net profit1.

880,000 yuan, an increase of 218% in ten years, net of non-attributed net profit1.

80 ppm, an increase of 211% in ten years, the absolute net profit attributable to mothers in 1H19 has exceeded 2018.

We believe that the continued rise in the boom of tower cranes and the increase in the purchase of 1H19 equipment by about 32% 西安耍耍网 are the core reasons for the company’s high growth in the first half of the year.

The first quarterly report of the company for the first time to achieve a single quarter of losses, reflecting the side of the industry’s prosperity in 2019 is better.

Looking ahead, as the company’s new contract order index is still in the rising range, considering the extension of the contract execution period and the time of equipment entry, we expect the company’s rental price to continue to increase until 2020.

Therefore, we raise the company’s corresponding profit forecast.

The tower crane boom continued, and the proportion of prefabricated building tower cranes increased.

We think the recent optimization of tower cranes and the new order index point to the company’s prosperity is continuing.

(1) Utilization rate of tower cranes.

Pang Yuan used 78 cranes in June.

5%, or 重庆桑拿网 even higher, has declined, but from the historical data, it is still a high level; (2) New orders index.

The Ponte Source New Orders Index on July 21 (reflecting the current contract price, taking into account the construction cycle and progress, we think that the index can predict the trend of rental prices after 1 year), the annual line is 1479, an increase of 18 from the end of December 2018%.
In addition, the company’s proportion of tower cranes applicable to prefabricated buildings continues to increase, reaching 30 in June 2019.

7%, and we expect the proportion to continue to expand.

The Shaanxi Coal Finance Company continued to support the company’s financing plan.

A few days ago, the company planned to sign a new “Financial Services Agreement” with the major shareholder Shaanxi Coal Chemical Group Finance Company. According to this agreement, the Shaanxi Coal Group Finance Company will provide the company with financial services including deposits and loans, guarantees, and financial leases.

At the same time, the agreement stipulates that the loan interest rate provided by the Shaanxi Coal Finance Company for the company shall not exceed the upper limit of the interest rate of this type of loan stipulated by the People’s Bank of China, and shall be lower than the same type of loan interest rate obtained by the Shaanxi Coal Group’s internal enterprises from the finance company.The interest rate of the same type of loan provided by a general commercial bank to the company (whichever is the limit).

We think this will help the company effectively reduce the company’s financing costs, expand financing channels and improve operating efficiency.

Estimates and ratings.

We estimate the company’s net profit attributable to its parent to be 5 in 19-21.

4.0 billion, 7.

8.3 billion, 9.

09 million yuan.

Following the segment assessment method, we expect Pang Yuan to estimate 64.

57-76.

31 trillion (expected May 19).

87 ppm net profit corresponds to 11-13 times PE), with a valuation of 11 except Pangyuan Leasing.

2 billion (December 19.

4.4 billion net assets correspond to zero.

9 times PB), a total of about 75.

77-87.

5.1 billion.

Follow 8.

Based on 2.8 billion equity, the reasonable value range is 9.

15-10.

57 yuan, “continuous market” rating. risk warning.

The scale of Pangyuan’s assets expanded less than expected, interest rate risk, and the synergy between Tiancheng and the parent company were not reflected.

Meiya Optoelectronics (002690) 2019 Third Quarterly Report Review: Better-than-expected performance growth optimistic about the company’s long-term development

Meiya Optoelectronics (002690) 2019 Third Quarterly Report Review: Better-than-expected performance growth optimistic about the company’s long-term development
On October 23, 2019, Meiya Optoelectronics released the 2019 third quarter report.The company achieved operating income in the first three quarters of 201910.50 ppm, an increase of 22 in ten years.0%; net profit attributable to mother 4.$ 2.5 billion.5%; basic return 0.5937 yuan, an increase of 25 in ten years.5%. Key investment points: Accelerated performance growth and record-high profit margins: The company’s operating income in the first three quarters of 2019 will increase by 22 per year.0%, net profit attributable to mothers grows 深圳桑拿网 25.5%, the company’s performance maintained a steady growth. By quarter, the company achieved operating income in the third quarter of 20194.6.2 billion, net profit attributable to mothers1.9.5 billion, an increase of 25 each year.2%, 29.6%.The growth rate of the company’s single-quarter performance in the third quarter was significantly higher than that in the first half of the year, and the company’s performance showed an accelerated growth trend.In the first three quarters of 2019, the company’s gross profit margin and net profit margin were 55.5%, 38.2%, each year rose by 0.99, 1.08 shareholders, and the company’s third quarter net profit reached 42.1%, a new high for democracy.We believe that the increase in the company’s profit margin is mainly due to the continuous optimization of its business structure, and the increase 杭州夜网论坛 in government subsidies is also one of the reasons for the rapid rise in net profit in the single quarter. The overseas market is gradually recovering, and the growth of oral CBCT equipment is worry-free: The color sorter business has a large revenue and a high proportion of revenue, which is the company’s pillar industry.The company’s overseas income of color sorters increased in the second half of 2018, and the company’s overseas market operating income increased in the first half of 2019.At 7%, we expect the company’s color sorter’s overseas revenue growth rate to continue to expand in the second half of the year, driving the company’s color sorter business to develop steadily.The medical imaging equipment business is the company’s key development direction. Since the introduction of dental CBCT equipment, medical imaging products have rapidly increased volume and achieved breakthrough development.The company’s dental CBCT business has achieved remarkable market construction. It has won more than 1,300 dental CBCT orders in three major dental exhibitions in South China, Beijing and Shanghai CDS.We believe that the company’s products have been widely recognized by the market, and the medical imaging equipment business has grown without worry. Profit forecast and investment advice: In terms of color sorters, new applications, new products and broad overseas markets continue to provide a feasible guarantee for the company’s stable growth of color sorter business. In terms of medical imaging equipment, the company’s high gross margin oral CBCTThe rapid volume of products supports the company’s growth and estimated level. In addition, the company’s chairside repair system is expected to be available in the near future, optimistic about the company’s long-term development.It is expected that the company’s net profit attributable to the parent in 2019-2021 will be 5 respectively.5, 6.5, 7.700 million, EPS is 0.81, 0.96, 1.14 yuan / share.The corresponding PEs are 39.8, 33.9, 28.6 times (based on the closing price on October 23, 2019), maintaining the “overweight” rating. Risk factors: Demand is lower than expected risk, overseas expansion is lower than expected risk, new product development and promotion is lower than expected risk, and market competition intensifies risk.

An environment that is not suitable for the elderly

An environment that is not suitable for the elderly

Air polluted environment Air pollution environment should avoid garbage, stinking ditch, septic tanks and other dirty and unclean places, including crowds of theaters, dance halls, venues, shopping malls and other places.

The air in these places becomes very dirty due to heat dissipation, dispersing, breathing and other excretion activities.

  The vocal and noisy environment is in a fixed space, and the population density per unit area is increasing. People’s personality sounds and noisy confluences combine to form a great noise.

If the elderly are in such an environment for a long time, they are prone to irritability and induce various cardiovascular diseases.

  Silent ambient noise during the day is harmful to health, but if the environment is too quiet, especially during the day, there is no sound around it, which is easy to cause insecurity, loneliness, and even fear, which is also unfavorable to human health.

Therefore, the elderly should not live too far in the wilderness, surrounded by neighbors, no other people in the family, do not hinder the opening of the radio or television, artificially made some noise.

  If the lighting is unreasonable, the indoor lighting is not enough, and the visual acuity of the elderly is reduced. It is not only easy to fall and fall, but also affect the mental health of the elderly, thus producing a gray mentality.

However, the ambient light is too pungent and not good. In addition to damaging vision and producing vertigo, it can also excite the emotions and affect sleep.

  In the colorful environment, the ability of the elderly to quickly recognize color is reduced.

If it is in a colorful environment for a long time, the possibility of falling due to misjudgment may be intensified. The color in the bedroom of the elderly should be simple and natural, and it cannot be decorated with colorful colors.

  In the harsh climate, the physiology of the elderly is declining, and the ability to cope with the harsh external environment is also significantly reduced. Therefore, it should be avoided in harsh climates such as rain, snow and hail.

  The dense environment of buildings and buildings will cause psychological anxiety and irritability in the elderly, making the elderly feel insecure and emotional.

  Stimulating the thrilling environment All kinds of intense sports competitions, thrilling acrobatic performances, and roller coasters and other entertainment projects in the location, while exciting and nervous, will also stimulate the human sympathetic nerves, make the heart beat faster, vasoconstriction, blood pressure risehigh.

Tell you the right way to wash your face

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Tell you the right way to wash your face

If you want skin care, you must first clean your skin.

Some people wash their face when they feel dirty, even four or five times a day, and some people do it once in the morning and evening. Is there a way to wash your face right?

  Sensitive skin: Of all skin types, sensitive skin is the least sought after.

Because it is susceptible to external stimuli, it can cause symptoms of burning, tightness, and tearing.

Therefore, choose a mild facial cleanser for sensitive skin. Do not use too much force when washing. Rinse off with warm water after washing, and then lightly block with a towel to absorb moisture from the skin.

  Dry and normal skin: For facial skin with dry and normal skin, you don’t need to use too much. Generally, it is good to use it once in the evening to remove the dirt from the air and cosmetics.

Usually, you need to replenish your skin more often. Use some moisturizing lotion to replenish your skin.

  Oily skin: Oily skin is the most annoying skin type for many people, and they feel their face soaked in oil every day.

But you must not wash your face with oily skin, otherwise you will lose water even if you wash the oil.

Oily skin should maintain the habit of cleansing morning and evening. If you feel oily, you can wash it twice.

Choose a refreshing lotion after washing to keep the skin fresh.

  Wash your face with cold or warm water?

  Whether you wash your face with hot or cold water has always been a tangled issue.

In fact, each of these has its own advantages and disadvantages, but it is still used occasionally.

  Use warm water when cleaning your face. Generally, warm water is best for washing your face, but it should be below body temperature.

This can easily wash away the dirt on the face, but also open the facial skin and strengthen the cleansing of skin pores.

  After cleansing, pores are opened with cold water for cleaning. If the pores are opened after cleaning, dirt will enter the pores again, causing secondary pollution.

So apply cold water after cleansing. Cold water can enhance blood circulation and improve skin elasticity.

  but!

It is not advisable to wash your face with cold water for oily skin, because cold water shrinks the pores and cannot wash the sebum, dust and cosmetics in oily skin, but it will worsen acne.

  After washing your face, should you wipe it with a towel?

  In our life, the biggest use of towels is to absorb water, which is perfect for the bladder that has just been washed!

But is your towel guaranteed to be free of bacteria?

Is it disinfected every day?

Is it sterilized every day?

Since there isn’t, it will be used to wipe the face, and the bacteria on the towel will run into the skin, causing allergies and inflammation.

  Therefore, if the towel is clean, you can wipe your face with a towel, but you must not rub hard when you wipe it. It is better to step on it and absorb the water in your body.

  If the towel is not clean, it is better to let the towel “rest”, and directly absorb water with a paper towel or use a cotton pad to ensure the cleanliness of the skin!

Strong aerobic boxing exercise is effective for waist and abdominal exercise

Strong aerobic boxing exercise is effective for waist and abdominal exercise

Aerobic boxing was first created by a boxing world champion. Since its development, it has combined boxing, karate, taekwondo, Chinese kung fu, and even some dance moves, and pays attention to speed and beat. It has suddenly been favored in Beijing in the past two years.

During punches, legs, and shouts, exercisers vent their emotions while losing weight, especially by handsome girls.

In fierce music, athletes must imitate boxers, maintain flexible lower limb movements and agile left and right punches, and repeat high-frequency kicks and kicks in the course.

  Aerobic boxing exercises have a strong burst of power instantly, and the body’s control of the limbs is very important, which is quite effective for waist and abdominal strength training.

  Weight loss principle: Aerobic boxing practitioners require the perfect combination of speed and strength when contracting their fists. Usually, an hour of aerobic boxing can consume 600 calories of displacement. In straight, upper, swing, and kick,In the kicks such as side kicks and side kicks, each muscle of the body participates in the exercise, and the force requirements are rapid and explosive, so the body’s elasticity, flexibility and sensitivity have been improved.

  Appropriate body: Apple-shaped body, radish-shaped body. The distress of the four body types assumes that the belief has been firmly established, then the key is the choice of fitness methods.

With so many gyms and so many fitness classes, which one should you choose for weight loss?

In fact, this is like doing a math problem. You have to choose the blanks. The editor will list you some of the hottest sports in this year’s gym rankings, and then let different types of too many figures check in. Then you will fill in the blanks.question.

  The first type: pear-shaped body characteristics: your body is like a big pear, the upper body is thin, but the lower body is relatively plump, even with slender arms and slender waist, it is difficult to cover the bucket waist and elephant legEmbarrassed, so the visual center of gravity sank, and he was not tall.

  Difficulties of losing weight: waist, buttocks, thighs, buttocks, calves, toes. The second type: Apple-shaped body features: Apple-shaped body is often evenly obese throughout the body. It looks like the neck is short, the shoulders are thick and the waist is round.At the top, walking is like rolling your body.

  Difficulties of losing weight: waistline area, limbs, back. Third type: Spindle-shaped body features: overall feels like a spindle, with a slight focus on the waist and abdomen, but fortunately, the arms and legs are not out of shape. It should be relatively easy to lose weight.
  Difficulties in losing weight: Waist and abdomen Fourth: Radish-shaped body features: It looks like a large radish that is growing. The heavy upper body is supported by thin legs, and it feels a bit weightless, like being blown down by the wind at any time.

  Difficulties of losing weight: Statements of fitness methods for the shoulders, arms, hips, waist and abdomen Keywords: asana, breathing, meditation has been in fire for so many years, yoga is still much loved by people, almost all gym coaches say that people who practice yogaIt has the largest number, and it is the leader in eight sports rankings.

Yoga dual meditation, meditation or difficult soft body movements are the natural maintenance sciences that focus energy on the inner world and guide behavior through consciousness.

There are many reasons to choose to practice yoga, and introverted people usually expect it.

In the 5,000-year history of Yoga 5000, different schools have emerged. The most popular ones are Hatha Yoga and Eight Branch Yoga, which are popular all over the world today and have gradually penetrated into asanas into various fitness methods.
  Principles of weight loss: The most prominent form of yoga content is the asana method. Since its development in ancient India, it has simulated various animal and plant postures, and gradually exercises in the stretching, stretching, twisting, and balancing of limbs.Bones, muscles, ligaments and internal organs.

With a yoga diet and a vegetarian diet, it can help lose weight.

  Suitable for body shape: pear-shaped, apple-shaped, radish-shaped, and spindle-shaped are suitable for the beginning of this year. Latin dance has already warmed up its hands. Until now, if you go to the gym, it still has a lot of fans.

Because it is not a bit too “academic” like Latin in international standard dance. It combines the styles of Cuba, Brazil, Spain, New York, USA, and India and Pakistan. It is firm, flexible, dynamic, and twisted around the waist.In the play of personal imagination, jump out of the bold, enthusiastic, unrestrained, sexy feeling.

There is no stipulation on the hand position, footsteps, twisting method and amplitude of Latin dance, and everyone can jump out of their own style.

Dancing should be standing waist and chest, especially exaggerating some chest, tightening each part of the muscles.

  Principle of weight loss: Latin dancers usually show a small waist. From the perspective of psychological stimulation, in order to show that they have overcome a strong belly, they usually tighten their muscles. In this state, dancing is like doing light weight.The device will neither cause muscle strain nor feel very tired.

  Suitable for body shape: Pear-shaped body, spindle-shaped body pedal exercise is a medium-intensity exercise. It is a combination of step exercises in physical fitness tests and aerobics movements and steps, which are completed on special pedals.

The pedals are usually 100 cm long, 35 cm wide, and 8 cm high.

The height of the pedal can also be adjusted according to the level of exercise, pedal technology, and knee flexion, so that the bodybuilder can effectively control the effective intensity of exercise to lose weight.

The most basic movements of pedal exercise are upper board and lower board.

Through various steps of stepping on and off with transforming body and jumping, the purpose of exercising cardiopulmonary function is achieved.

  Weight loss principle: The main actions of the pedal are up, down, turn, springboard, etc.

Because the pedal has a certain height, the hip muscles can be fully massaged when the upper and lower plates are used, which is particularly beneficial to people who have been sitting and working for a long time. It can also make the legs longer and firmer while improving the shape of the thighs.

When turning and jumping, pay attention to the center of gravity movement, so the waist and abdomen can get exercise at the same time.

  Suitable for body shape: Pear-shaped dynamic bicycles have only been “red” in Beijing in the past two years. This originated from American sports, with a strong American flavor, enthusiasm, and dynamic. It is often easy to be driven by the coach.Mobilize high emotions.

Although the bicycle is fixed on the floor, the positions of the handlebars, saddles, and pedals can be adjusted, which is suitable for people of all sizes to practice.

  With the infection of the music rhythm and the adjustment of the weight on the feet, you can simulate the feeling of riding in various environments. After exercise, the body is easy to wear, but the mood is very comfortable.

At the same time, because it is one of the most exercise equipment in the gym, it has very high physical requirements and is suitable for 25?
People between the ages of 35 practice.

  Principle of weight loss: Like all aerobic exercises, it is to achieve the purpose of reducing fat while consuming energy after fully activating human exercise cells.

According to the coach, every 45 minutes of the course can consume 500 cal units, which is especially effective for weight loss in the legs.
  Suitable for body shape: pear-shaped, apple-shaped body equipment Pilates, is a Pilates bed we often say, is also a so-called restructuring trainer, looks like a large steel frame bed, has a high head, canSliding bed board, comfortable pillows.
It’s still based on Pilates training, is Joseph the inventor of Pilates?

Pilates

Pilates has invented new ways of movement through continuous innovation.

Through the force of the instrument, the body is targeted to treat or reduce fat in a targeted manner.

There are many Pilates equipment. Pilates bed is one of the alternatives. It belongs to slender Pilates, plus many auxiliary equipment, instead of springs, skateboards, cables, etc., during trainingBeing able to make parts makes Pilates training ever-changing.

  Weight loss principle: Because the body’s center of gravity is on the skateboard, and the skateboard is connected by springs, there is a high requirement for the stability of the movement. In order to control the skateboard not to move, which increases the control power of the waist and abdomen, you must practice on the pad.You already have a good grasp before you can practice on the Reformer.

  As with Pilates on the mat, through training, you can first have a strong central strength, that is, “neutral position” training. This part includes the transverse abdominal muscles, internal abdominal obliques, external abdominal obliques, and rectus abdominis.The exercise of the erector spinae muscles can reduce the slightness of the abdomen and waist, forming a fragile core of the body, driving the main shaft, the pelvis and bones into a stable whole.

The Pilates bed also makes the muscle lines smooth and slender. During training, the muscle groups that are not easily exercised are coordinated to do each set of movements. Almost all muscles, joints and tissues are involved to avoid excessive local movement orWithout local exercise, trim the muscle lines evenly.

  Suitable for body: pear shape, apple shape

Strange moves, negative moves, and loss moves in the workplace

Strange moves, negative moves, and loss moves in the workplace

Job seekers: I am against painting recently. In order to choose a topic for this issue of “Work Hard”, the reporter posted translations from a well-known human resources teacher and appeared many times in the workplace on Tianya.com, seeking answers from netizens.

It was found that most netizens broke through the rules of the human resources division with a divergent thinking.

It can be seen that the workplace has long restrained people and longed for a great liberation!

  Translation: I’m having trouble with the bus.

Note that this bus is coin operated.

1 yuan for the whole journey.

And you only have 9 cents.

Others are 100-dollar bills.

what would you do?

  1. You are applying for an IC development engineer.

  2. You are applying for a marketing staff.

  3, you are applying for financial staff.

  Answer: 1. If it is an IC development candidate: You must tell the driver honestly: I’m sorry.

I really don’t have a dime.

?

  2. If it is a marketer: you must know how to face your customers.

You will frankly throw nine cents in.

  3. If it is an accountant: you will get off the car to buy a newspaper, change the change, and wait for the next shuttle.

  Follow up: 1, I will take a taxi ~~ Or buy something for change.

  2. Get out of the car occasionally, buy a newspaper, change for change, and sit down in the oscillator car.

  3, four big words: Be flexible!

  4. It seems that I was born to be a marketing person and also a marketing professional.

Of course, I can do it, the difference is: I will do the first and the second at the same time.

In other words, I will show my 9 cents while explaining, and put the money in without the other’s consent, haha.

(No one did not succeed) 5, will change to take a taxi directly-the inexplicable transition is basically worthless.

  Sexual experience tells me how to speak frankly. Interviewee: Xiaoye Nan. Current occupation: Planning by a real estate company in the city. At the end of the year, Xiaoye went through a job interview at a job fair and interviewed the manager of the hotel and human resources department.Two levels, entered the last level: written test.

The chief examiner was the manager of the planning department.

  First, a waiter took a few of them to visit the various floors of the hotel, various restaurants, and conference rooms. The killing gave them an intuitive impression.

Xiaoye made detailed records during the visit in preparation for writing the plan.

After a two-hour visit, they returned to the meeting room and worked on a handwritten proposal.

There were no hotel staff present at the time, and their peers were very happy.

After another two hours of bragging, discussion and meditation, almost everyone’s plan came out.

Then they individually interviewed the managers of the planning department.

  It’s finally Xiaoye’s turn.

In that small, dimly lit office, Xiao Ye was sitting opposite the manager, feeling uneasy.

The manager’s face was serious, he just flipped through several pages of the plan that Xiaoye had worked so hard on, and then the manager—the middle-aged woman— asked him: Have you had any sexual experience?

  Xiaoye froze there suddenly, wondering how to answer.

Originally handsome, and capable, he was no shortage of suitors, telling the truth or telling the truth?Leaflet’s heart struggled fast.

If you tell the truth, will you not be able to get an interview? If you tell the truth, will you be considered incapable and unattractive to the opposite sex?

After hesitating for a long time, Xiaoye was about to say that sometimes, the manager changed the topic again: Do you have a girlfriend?

Is your relationship stable now?

She has no intentional workplace.

This time, Xiaoye let go of her doubts and told her frankly: his relationship with his girlfriend is quite stable. If there are no problems, her job is also in Chongqing.

  A few days later, Xiaoye was told that he had accepted, but he just regarded the job application as an opportunity to increase the interview experience. He didn’t take it seriously, so he didn’t really go to work in that hotel.

The questioning of sexual experience has always made him uncomfortable.

  Tell me how to talk nonsense. Interviewee: Little Blue Girl Occupation: A Chongqing media reporter Xiao Lan is a university in Shanghai.

Two years ago, she was graduating to apply for the editor of a medical magazine.

After taking three buses and two subways, after nearly three hours of the “Long March”, I finally came to that magazine.

Next, Xiao Lan encountered a series of strange moves.

  After being asked a few professional questions, Xiao Lan has vaguely felt that the other party was a “quasi-expert” in recruiting medicine, and a journalism major may not be able to do it.

But then, the examiner still had dozens of psychological test questions for Xiao Lan to do.

During those two or three hours, Xiao Lan suffered a lot.

  Because Xiao Lan was introduced by a male alumni working in this magazine, so after doing dozens of weird psychological test questions, the young female executive who interviewed her asked her what she thought of that alumniWhat do you think of his working ability.

Xiao Lan thought, what does this have to do with this job?

  Since he could not answer, Xiao Lan was not hired. Xiao Lan later went through a recruitment for a children’s book company in Chengdu.

During the interview, some editor-in-chief (also a young woman) came up with an article to show them.

The girl in front of Xiao Lan said that she felt good and bad; and in the face of the breakthrough article, Xiao Lan directly made a bad judgment, and said that if she was an editor, she would not waste time to change.

The editor-in-chief is very appreciative. What she likes is Xiaolan’s outspoken character. She needs such efficient editing.

Then she called Xiao Lan from the conference room to her office alone, and began to talk attentively.

The content is nothing more than that she saw her own shadow from Xiao Lan’s body. What kind of man should Xiao Lan find?

But she didn’t pay attention to Xiao Lan’s elaborate resume.

  In the end, Xiao Lan was admitted, but after only 3 days, the female editor-in-chief dismissed her because of a problem with her working attitude.

  After meeting two examiners who are young but not less than extinct teachers, Xiao Lan really doesn’t understand what the employer thinks.

  The fractures make the human brain big for interview question 1. You let the worker work for you for 7 days, and the reward to the worker is a gold bar.

7 bars of gold bars are connected in parallel. You must give them a bar of gold at the end of each day. If you are only allowed to break the bar twice, how do you give your workers?

  2. Please cut a box of cakes into 8 portions and distribute them to 8 people, but you must leave one in the cake box.

  3. The Xiaoming family crosses a bridge. It is night when crossing the bridge, so there must be lights.

Now it takes 1 second for Xiaoming to cross the bridge, 3 seconds for Xiao Ming’s brother, 6 seconds for Xiao Ming’s father, 8 seconds for Xiao Ming’s mother, and 12 seconds for Xiao Ming’s grandfather.

This bridge can pass up to two people at a time, and the speed of crossing the bridge depends on the slowest one, and the light will go out 30 seconds after it is lit.

Q: How does the Xiaoming family cross the bridge?

  4, a group of people have a ball, each person imitates a hat.

There are only black and white hats, and at least some black ones.

Everyone can see the color of other people’s hats, but not their own.

The host first lets everyone see what hats others are wearing, and then turns off the lights. If someone thinks they are wearing a black hat, they will slap themselves.

Turn off the lights for the first time, no sound.

So I turned on the lights again, and everyone looked at it again.

It was not until the third time the lights were turned off that there was a crackling sound.How many people are called black hats?