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[Black fungus aphrodisiac]_Black tree ear_How effective

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[How to make Korean turnip pickles?

]_ Production method _ home practice

[How to make Korean turnip pickles?
]_ Production method _ home practice

For various reasons, some people will have a poor appetite and do n’t want to eat anything. At this time, you can eat foods that regulate appetite, such as radish and pickles, and there are other benefits to eating radish and pickles.The anti-cancer effect can also help to treat scalp itching and coughing. There are many types of pickled radish. Korean pickled radish is very famous in many places. The following teaches you how to make this pickle.

The practice of Korean radish and pickles: Koreans like to eat their own pickled radish and pickles. If you do n’t see it at the table one day, you will feel weird!

In particular, they are essential when eating fried noodles and drinking oxtail soup!

Do you also want to try an authentic Korean cuisine?

1. Soak dried radishes in water and wait for foaming; 2. Peel apples, pears, and ginger and cut into foam for later use; 3. Put paprika in a container and add boiling water, and gently mix;Then add the chopped accessories, sugar, salt, monosodium glutamate, and stir well; 5. Cover the plastic wrap and place 2-5 angels for fermentation (this process is the practice of sweet and spicy sauce) 6. Put the spicy sauce into the foamOn the radish strips, stir well.

Is not it simple?

Is it the taste that can be recognized as radish pickles that are beautiful in Korea?

The nutritional value of Korean radish pickles The nutritional value of radish has been widely affirmed since ancient times. It contains a variety of nutrients that can enhance the body’s immunity.

Radish contains a variety of trace elements that can induce human body to produce interferon, which is of great significance for anti-cancer and anti-cancer.

In addition, mustard oil and precipitated fibers in radish can promote degradation and peristalsis, and promote the excretion of waste in the body.

Eating radish often can reduce blood lipids, soften blood vessels, stabilize blood pressure, prevent coronary heart disease, arteriosclerosis, gallstone disease and other diseases.

Therefore, kimchi, a fermented food, has high nutritional value, can enhance human immunity, and has a certain lipid-lowering and anti-cancer effect.

The taboos of Korean turnip pickles are best matched with every food and have their own “natural enemies”. The Korean turnip pickles fed this way is no exception.

Radishes should not be eaten with snake meat, ginseng, ginseng fruit, grilled fish, roasted meat, and oranges, because their combination can cause diarrhea, or even worse.

There are also radish main diarrhea and carrots as supplements, so it is best not to eat the two together, that is, carrots and white radish cannot be cooked together.

[How to dial chestnut _ how to peel chestnut quickly]

[How to dial chestnut _ how to peel chestnut quickly]

Chestnut is our common nut. Chestnut can be eaten as a snack, and it can also be used as a delicious substitute with some ingredients. Some people like to drink chestnut porridge, and some people like to use chestnut porridge.The production and taste are very delicious, and the nutritional value of chestnut is very high, but peeling chestnut is very time-consuming. How to peel chestnut quickly?

How to peel chestnut quickly?

First: microwave oven.

The chestnut shell made by this method is easy to peel off, and the taste is very fragrant. If everyone has a microwave oven, try this method.

1. Gently scratch the chestnut shell with a knife, so that each chestnut has a hole in it, and then clean it with water after cutting the opening.

2. Put chestnuts in a glass bowl dedicated to microwave ovens, wrap a layer of plastic wrap on the surface of the bowl and pierce the plastic wrap with a toothpick to allow the gas to come out.

3. Put the chestnut in a glass bowl into the oven. Set the heating time to 1 minute. It is time to take the chestnut. At this time, it is found that there is a large opening on the chestnut. It is easy to peel the chestnut from here.

Second: refrigerator refrigeration method.

The cooked chestnuts are immediately frozen in the refrigerator. After about two hours, it will be found that the shell and the meat of the chestnut can be separated. At this time, peeling the chestnut will be very convenient.

Third: boiling water method.

1. Chestnut with shell first cut a hole with a knife and wash it with water.

2. Add chestnuts to the water and cook, and add edible salt to the water.

3. When the chestnut is cooked, you will find that the shell of the chestnut will crack naturally.

PS: If it is a chestnut without a hard shell outside, you can boil a pot of water first, wash the chestnuts and soak them in boiling water. (Note that you should cover the pot as much as possible when soaking.Easy to make chestnuts cooked).

When the chestnuts are cooked, put a clean cloth on the table and use it to gently rub the surface of the chestnut to easily peel off the soft shell on the surface, so that the whole chestnut meat is peeled off.

[Can oatmeal be eaten raw]_How to eat_How to eat

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[Can taro and apple be eaten together?】 _Ping Anguo_Can I eat

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China Pet Holdings (002891): Revealing Major Asset Restructuring Plan

China Pet Holdings (002891): Revealing Major Asset Restructuring Plan

Event: China Pet Corporation issued a major asset reorganization announcement on July 17, 2019, and is planning to transfer no less than 51% equity of Shanghai Fubei Pet Products Co., Ltd. (hereinafter referred to as “Shanghai 四川耍耍网 Fubei”).Issuance of shares or non-public issuance of convertible corporate bonds combined with cash payments.

The target value of this transaction and the final transaction price have not been finalized, but the company expects that the amount involved will reach the standard of major asset reorganization, so the company’s stock and convertible bonds will be suspended from trading on July 17 for no more than 10 trading days.

Opinion: Shanghai Fubei has just completed a new round of fundraising. It is expected that the pricing of this transaction will be similar to this post-investment estimate.

According to the company, Shanghai Fubei only completed nearly 300 million round B fundraising in July 2019. Participating in round B institutions include Kaifeng Capital, Zhongbi Haifu Capital, Shenzhen Venture Capital,杭州桑拿网 Jinding Capital, and Round A shareholder Yida Capital.The funds raised will be used to promote and build the nation’s first intelligent pet food factory for its own brand.

Combined with the Shanghai Forbes shareholding structure disclosed in the China Pets Announcement (approximately 1), we estimate that the participants in the B round held a total of approximately 19 shares.

59% equity, corresponding to an estimated 15 after investment.

3.1 billion.

In view of the small difference between the time of raising funds and the announcement of the transferee shares, it is assumed that this transaction is about 7 with reference to the post-investment estimate.

81 ppm is the market value of 31 before the suspension of Zhong pet shares.

3.8 billion of 24.

89%, the size of the transaction should not be underestimated.

The two heroes build a moat together and share the growth dividend of the industry.

Zhong pet shares and Shanghai Fubei multinational companies have similar genes, both of them started as overseas companies, and stand out in the fierce competition for several years, becoming the leader in their sector.

The strengths of China Pets Co., Ltd. are snacks and wet foods. Its 2018 snack income scale11.

5.5 billion US dollars, an annual increase of 38.

11%; wet grain achieved 1 with sufficient capacity.

Income of 870,000 yuan, an increase of 33 in ten years.

0%.

Shanghai Forbes is the leading grain OEM company in terms of domestic productivity. Its products have been exported to many countries and regions around the world, and have obtained EU TRACES certification. The quality of its products has been well received by domestic and foreign pet lovers.

The company’s scale is more focused on the research and development of pet staple food formulas, and it has become the first “emerging enterprise” in the pet staple food industry with an annual R & D expenditure of 8%.

In the pets and dogs staple food review table (see Table 1) that we collected from pet owners through the Internet, Shanghai Fubei has been on the list many times as a manufacturer.Ranked first.

If this major asset reorganization is restored, we judge that the listed company will obtain high-quality staple food production capacity and sales channels to make up for the shortcomings of the previous competition, thereby deepening the moat and becoming the most influential company in China’s pet industry.

The speed of integration in the pet industry is accelerating, and opportunities are left for those who follow the trend.

In May 2019, Jiangsu Crazy Puppy Pet Products Co., Ltd. (“Crazy Puppy”), an “Internet celebrity” company in the pet staple food sector, also announced the completion of a 300 million Series B financing, jointly invested by Lightpoint Capital and Fosun Group.

According to fundraising materials, it took only less than 5 years for Crazy Puppy, which was established in 2014, to achieve an operating income of 600 million U.S. dollars, and e-commerce monthly sales are far ahead of many brands.

The success of Crazy Puppy in the early stage is mainly to capture the bonus of a higher number of pet-raising crowds and the increase in the conversion rate of staple food, which meets the needs of novice pets for high-quality dog food.

However, the transformation of its core customer group consumption concept has gradually matured, and internal pet food is also experiencing a trend of consumption upgrade: According to Euromonitor data, whether it is cat food or dog food, the CAGR of high-end products is significantly faster than economic and mid-range products (About 2-3).

Crazy Puppy has also begun to transform, using capital expansion to build pet food category brands, and entering the higher-end price band by acquiring brands.

It can be grinded from the recent capital operation of Crazy Puppy. It acquired 100% equity of Beijing Ballant Import & Export Co., Ltd., which holds the “Bundes” pet staple food brand, in March 2019, and held a stake in April 2019Blue Wheatfield Technology (Beijing) Co., Ltd. of the “Lans” brand has initiated the merger and integration of other staple food brands.

(See Table 2) The launch of the strong alliance between Zhong pet shares and Shanghai Fubei also means that some companies are following the wave of mergers and acquisitions integration in the sector, and at the same time have the “naughty” and “Chinese”The “Pet” brand, or Shanghai Fubei’s “Bile” brand, is well positioned for high-quality products, forming a clear difference from low-end commodity grains, so it is easier to achieve word-of-mouth effects among pet owners.

The pace of the industrial chain layout is accelerating, and domestic pet food can be expected in the future.

Since the listing of China Pets, it has successively acquired New Zealand Zhenzhi ZEAL brand and participated in Ruipeng shares.

On May 28, 2019, the company cooperated with Yuanfei Pet to invest in a Cambodian pet supplies company, and the industry chain shifted to the most cost-effective end.

On July 4, 2019, the company and Jinding Investment jointly signed the “Industrial Fund Cooperation Framework Agreement”, which plans to jointly launch the establishment of a 300 million yuan fund as a platform for the investment and mergers and acquisitions of China Pet Industry.

In 2018, the company’s territory achieved operating income2.

51 ppm, a 69-year increase.

59%; overseas income has also grown rapidly, realizing income11.

60 ppm, an increase of 35 in ten years.02%.

The company is currently transforming from “foreign trade dependence” to “deeply tapping domestic demand”, and we expect the internal share to reach 20% in 2019.

Earnings forecast and rating: Regardless of the impact of the acquisition on the company for the time being, we estimate that the net profit attributable to the owner of the parent company of China Pets in 2019-2021 will be 1.

08, 1.

89 and 2.

400,000 yuan, according to the company’s current share capital1.

Calculated for 700 million shares, the corresponding diluted sheet income is 0.

63, 1.

11 and 1.

41 yuan.

Maintain the company’s “Buy” rating.

Pioneer catalyst: 1) Solve the problem of production capacity and grasp the domestic consumer market.

2) Profit turning point will appear in 2019.

Risk factors: 1) The lack of relevant standards in the domestic pet market, and the risk of bad coins expelling good coins; 2) The price of raw chicken meat continues to rise, affecting the risk of gross profit margin; 3) The risk of vicious competition caused by overcapacity in the industry; 4) The policy affects internalRisks of income structure trends; 5) Risks of food safety; 6) Risks of suboptimal channel layout; 7) Risks of foreign exchange changes; 8) Mergers and acquisitions still need to confirm prices, and need to be approved by the CSRC.

Marubeni (603983) New Share Pricing Report: High-end mid-to-high-end eye care leading-edge, refined trends and priority growth

Marubeni (603983) New Share Pricing Report: High-end mid-to-high-end eye care leading-edge, refined trends and priority growth

Company profile: The mid-to-high-end eye care leader is a mid-to-high-end premium skin care brand with an income of 15 at the age of 18.

7.6 billion, market share of skin care products1.

1%, ranking 21st overall and 10th among local companies.

The three brands Marumei (medium-to-high-end skincare), Chunji (mass skincare), and Lianhuo (mass cosmetics), of which the main brand medicine beauty are local eye care leaders, with 89% of revenue in 18 years, eye care incomeAccounting for 34%.

Independent research and development production, the channel is mainly distribution (18% in 18 years), the form of CS stores and e-commerce accounted for 42%, 40%, of which CS stores are mainly located in third-tier cities and below.

Industry analysis: In the growth stage, it has become high-end in recent years, and the trend of refinement has existed since 00. The cosmetic industry has been replacing the fourth-tier and below cities with consumption upgrades entering the growth. The industry space in 2018 is 4102 trillion.
In the industry for 18 years, the average annual compound growth rate of skin care products and cosmetics market is 8%, 9%, and 16%. Skin care products and cosmetics have a higher prosperity.

Extreme high-end, refined (water cream cream upgrade to eye cream, essence and other advanced skin care) trend is emerging.

International brands dominate, with strong performances in the high-end, make-up, hair care and bathing fields. Local brands have grasped the industry’s growth channels to break the dividends and continue to improve in the field of mass skin care products.

The industry is changing rapidly, short-term competition is dominated by marketing and channels, long-term return to product power, high-end brand star products have strong vitality, large revenue contribution, and the manifestation is more obvious.

The rest of the industry 3?
6 times the space, multiple brands / categories help to grasp new changes, reduce performance changes, and have room to grow.

Company analysis: Marketing and distribution are rich in resources and have first-mover advantages in eye care. It is expected to become a new trend in the industry. Financial analysis and industry comparison: bonus for related industry development, 11?
18-year compound annual growth rate of revenue / net profit was 14%.

The change of channel caused the change of performance. In the early stage, it changed to the rapid development of CS store dividends. In recent years, the change in performance has led to the increase in e-commerce volume in 17 years. Growth in sales caused a decline in gross profit margin, a decrease in marketing optimization expenses, and an increase in inventory turnover.

Compared with its peers, the company’s scale has further room for improvement, with its growth centered, profitability, and operations indicators superior.

Competitive advantages: 1) The main brand was established in 2000, focusing on mid-to-high-end eye care, and has grown into a leader in niche areas, with first-mover advantage.

2) Each David sees abundant marketing resources (currently arranging online video ads to welcome the new trend), and cooperates with online and offline head dealers to promote the same industry performance.

3) Focus on eye care, date overseas high-quality R & D resources, expand high-end series, and hope to change the industry’s refinement and high-end trend first.

Investment suggestion: The company is a local mid-to-high-end eye care leader, with a first-mover advantage in segmented fields; rich marketing and distribution resources, strong short-term competition, dating overseas resources in recent years, and strengthening long-term competition; focusing on eye skin care, and expanding high-end priority industriesHigh-end, refined trend.

Expected 19?
The 21-year EPS is 1.

19/1.

37/1.

59 yuan, with reference to the peer assessment and taking into account the company’s high positioning, given a certain estimated premium, it is recommended to give 30?
35 times the estimate, the reasonable price range is 35.

70?
41.

65 yuan / share.

Risk warning: weak retail; dealers do not renew; new trends are not grasped in time; new marketing / channel resource cultivation is less than expected; marketing 淡水桑拿网 brings less than expected results.

Hanlan Environment (600323): Sustained and Steady Growth, High Quality Development Expected

Hanlan Environment (600323): Sustained and Steady Growth, High Quality Development Expected

Performance is in line with expectations.

The company released the 2018 annual report, and the company achieved operating income of 48 in 2018.

500 million yuan, a year-on-year increase of 15.

4%; net profit attributable to mother 8.

800 million, 34 compared to the same period last year.

2%, eps 1.

14 yuan / share, performance in line with expectations.

Profit growth was mainly due to the commissioning of solid waste projects and the increase in natural gas sales, of which: solid waste income17.

700 million, a year-on-year increase of 24%. The increase was mainly driven by the commissioning of the Dalian project and the price adjustment of some projects; gas revenue 17.
.

0 billion, yoy 22%, mainly due to the coal industry in the South China Sea to coal gas; drainage income2.

3 billion, 22.

01%, mainly due to the increase in operating income of sewage pipeline networks and the commissioning of new projects; income from water supply9.

0 million yuan, 0 compared to the same period last year.

42%.

Including 1 in 2018.

500 million assets disposal non-recurring income, after deducting non-yoy21.

5%, CAGR of 26% in the past 5 years, excellent performance.

The overall gross profit margin is basically the same, and the three fees are properly controlled.

The company’s overall gross profit margin in 2018 was 30%, compared with 31 last year.

6% is basically the same, of which the gross profit margin of solid waste business is 35.

2% down 4.

9pct, mainly due to the stringent environmental protection supervision and punishment, the increase in material prices and technical innovation investment; the gross profit margin of drainage business increased.

1 pct, mainly because the supplement of sewage pipe network operation facilities has not been fully in place; the gross profit margin of other businesses is basically the same.

The selling expenses, management expenses and financial expenses in 2018 were 1.

4% (-0.

2pct), 6.

8% (-0.

2 pct), 4.

4% (+0.

2 pct), the three fees are very stable and properly controlled.

The solid waste sector is the core growth engine, with solid growth in gas and water.

The increase of the company’s solid waste sector in 2019 mainly comes from the incineration capacity production and profitability improvement, including the 3,000-ton / day Shunde project and the 500-ton / day Langfang Phase II project., Shunde project is 130 yuan / ton.

Hazardous waste is a supplementary profit point. Jiangxi Honghua, acquired last year, is expected to start contributing significantly in 2019.

The gas business benefited from the coal-to-gas demand in Foshan ceramics industry. It is expected to increase industrial gas sales by 20% this year. The increase in drainage business comes from the upgrading and upgrading of sewage treatment plants.steady.

Investment advice: The company has excellent operating assets, deep plowing solid waste business, stable development of waste incineration, and new growth in hazardous waste.

The company has good cash flow, stable assets, and outstanding shares (operating income in the past 5 years / net profit attributable to CAGR 37% / 30%). The 2019 performance increase comes from Shunde waste incineration, Jiangxi hazardous waste, ceramics to coal gas, sewageThe bid was raised, but the real estate asset consolidation in 2019 will bring 0.

Amortization of 300 billion trillion, we expect net profit attributable to mothers in 2019-2021.
1/9.
7/11.

40,000 yuan, corresponding to EPS1.

06/1.

26/1.

49, corresponding to PE16 / 14/12, it is estimated that the advantage is obvious, optimistic about future development, and maintain a “buy” 杭州夜生活网 rating.

Risk reminders: The progress of solid waste projects is not as expected, and the risks of natural gas distribution policies.

Beijing New Building Material (000786): 1H19 results turned negative due to large settlement fees

Beijing New Building Material (000786): 1H19 results turned negative due to large settlement fees

1H19 earnings are forecast to fall 19% year-on-year.

4?

20.

800 million North New Building Materials announced 1H19 performance forecast: 1H19 company recorded a net purity of 6.

4?7.

8 ‰, an average of 19 in ten years.

39?
20.

USD 7.8 billion is essentially the company’s 1H19 plus most of the plaintiffs in the US gypsum board multi-region merger lawsuit (hereinafter referred to as the “multi-region case”) reached a full settlement, affecting the company’s consolidated profit in the first half of the year by approximately 17.

0.5 billion.

After excluding the impact of the settlement costs, we estimate that the company’s net profit attributable to the parent in 1H19 was 9.

25?
10.

65 ppm, 18 years average 18%?
28.

8% (Central is -23.

4%), 四川耍耍网 in line with our expectations.

Attention points The company pays large settlement fees, and most of the plaintiffs in full settlement cases.

The company’s subsidiary Taishan Gypsum plans to pay 2.

US $ 4.8 billion has been settled with most of the plaintiffs in the “multi-regional case”. The settlement fee paid in installments will be reflected in the company ‘s 1H19 income statement as a one-time replacement, with an impact on 1H net profit of 17.

0.5 billion.

For example, consider the settlement fee 2771 accrued by the company for the Amorin case in the multi-region case in March 2019.

USD 40,000, the company gradually settled the settlement fee for the “multi-regional case” has reached 2.

At 7.6 billion US dollars, the remaining unreconciled plaintiffs in the “multi-regional case” are only a few plaintiffs such 深圳桑拿网 as the Mitchell case. We expect that the impact on the company’s future earnings will be very limited.

We believe that the company’s settlement with most of the plaintiffs this time is conducive to avoiding the huge litigation costs and attorney fees that may be incurred if the lawsuit continues, thereby reducing the risk of uncertainty caused by the lawsuit for future results.

The maximum product interest rate ceiling, profit growth in the second half of the year stabilized line by line.

After excluding the impact of the settlement fee, we estimate that the company’s 2Q19 forecast net profit return to the mother will be 6.

6.7 billion, 17.

5%, mainly due to the high unit price of 2Q18 company ‘s product sales, and a small amount of continuous impact in 2Q19; but the average price of waste / imported waste paper in the 2Q19 countries we track decreased by 21% and 29%, respectively.More than the significant reduction, to some extent, the company’s cost pressures have been relieved.

2H18 company’s gypsum board average price base number, we expect profit growth in the second half of the year to stabilize steady quarter by quarter.

Due to lowered price assumptions and increased settlement costs reflected in non-operating expenses, we have reduced the EPS for 2019e and 2020e by 70 respectively.

6% / 9.

8% to 0.

47 yuan and 1.

60 dollars.

Estimates and recommendations currently correspond to 19 / 20e and not EPS 11.

7x / 11x, maintain Outperform rating, but cut target price by 5% to 21.
8 yuan (corresponding to 19 / 20e deduction non-EPS multiples are 14 respectively.

5x / 13.

6x), with 24% upside.

We believe that the market share of medium-sized companies is expected to increase steadily, and the size of the industry is expected to continue to improve, such as an oversold in the short term or to provide buying opportunities.

Risk completion demand is sluggish and gypsum board prices are below expectations.

Rimage (603730) Interim Review: Global Capability of Global Sun Visor Integration

Rimage (603730) Interim Review: Global Capability of Global Sun Visor Integration

In the overseas capacity integration, the performance was slightly lower than expected. On August 28, the company issued an interim report, and H1 achieved operating income of 24.

71 ppm, +43 for ten 苏州夜网论坛years.

6%, net profit attributable to mother 3.

09 ten percent.

30%, net profit after returning to mother 2.

68 ppm, at least -0.

twenty four%.

Q2 company achieved operating income12.

24 ppm, +41 a year.

36%, net profit attributable to mother 1.

48 ppm, -3% a year, net profit after deduction 1

51 ‰, previously + 21%, the second quarter performance was slightly lower than expected.

The reason for the company’s revenue growth is that Motus consolidated increased its revenue by more than 600 million yuan. The net profit margin was mainly due to the loss of investment in financial assets and the increase in management expenses.

The company is a global leader in sun visors, entering the supply chain of mainstream international manufacturers such as Volkswagen, GM, Mercedes-Benz, etc. We expect the company’s EPS to be 1 in 2019-21.

65, 1.

93, 2.

26 yuan, maintaining the “overweight” level.

The gross profit margin of Q2 decreased and the management fee rate increased in Q2 2019, and the company achieved a gross profit margin of 28.

76%, ten years +0.

58pct, ring than -1.

15pct, the increase in gross profit margin ultimately resulted in the company’s overseas business accounting for a relatively high proportion, and the appreciation of the US dollar increased its revenue.

Company Q2 sales expense ratio 5.

88% -0 per year.

47pct, the company strengthened the management of sales expenses; management expense ratio (including research and development expenses) 9.

97%, ten years +1.

42pct, the first is the transfer of production capacity and personnel overseas to increase management costs.

Financial income 2.

43 megabytes, the first is the change in the amount of exchange gains at the same time.

Company Q2 non-recurring income is -0.

3.0 billion (earnings of 0 in the same period last year.

28ppm), which mainly resulted in zero investment loss on financial assets.

2.5 billion.

We believe that the gradual overseas production capacity is gradually reached, and the company’s profitability is expected to continue to improve.

The company that gradually transferred its production capacity to Mexico and gradually reduced the impact of trade friction reported that the company would invest US $ 200 million of the original investment in the Zhoushan project into its wholly-owned subsidiary, Rimage Mexico, mainly for the construction of Mexican production capacity.

The company’s main products, such as sun visors and headrests, are on the tariff list.

According to the findings, the company’s capacity transfer of the sun visor business has been completed, and the headrest business is transferring capacity. The company expects this year?
In November, almost all of the company’s products exported to North America were assembled and produced in Mexico, and were no longer subject to trade friction and wear.

In terms of segments, H1, due to the decline in domestic automobile production and sales, the company’s internal business income has alternated, but the company has hedged the impact of changes in sales of old projects by acquiring new customers and new projects.
The company’s overseas business income is increasing every year, and new project breakthroughs have been made in Europe and North America.
Invisible champion in segmentation, maintaining “overweight” rating. The company takes sun visor business as its core business, and penetrates headrest and ceiling controller and other businesses, and its products are continuously diversified.

The company strives to continuously increase its domestic market share, and outbound mergers and acquisitions further expand the international market.

We believe that the company’s overseas business integration can be successful and the company’s profitability can be improved.

Taking into account the reduction in the gross profit margin after the company’s acquisition, we expect the company to return to its parent net profit of about 6 in 2019-21.

佛山桑拿网
60, 7.

73, 9.

0.4 billion (down 3).

8%, 5.

2%, 7.

8%), EPS are about 1.
.

65, 1.

93, 2.

26 yuan, comparable companies in the same industry in 2019 average evaluation of about 16 XPE, considering that the company’s customers are mainly foreign quality customers, given the company 17
18PE estimates that the target price range is adjusted to 28.

05?
29.

70 yuan, maintaining the “overweight” level.

Risk warning: Sino-US trade frictions are widening, and the company’s overseas market expansion is less than expected.