Sun Paper (002078) 2018 Annual Report Comments: 18-year performance meets expectations Internationalization layout accelerates construction of cost advantage

Sun Paper (002078) 2018 Annual Report Comments: 18-year performance meets expectations Internationalization layout accelerates construction of cost advantage

The company released an 18-year annual report: 18-year revenue 217.

6.8 billion, a previous appreciation of 15.

21%, net profit attributable to mother 22.

3.8 billion, an increase of 10 in ten years.

54%; 18Q4 single-quarter revenue of 56.

5.9 billion, an increase of 9 in ten years.

06%, net profit attributable to mother 4.

36 trillion, down 32 a year.

92%, performance is in line with expectations.

Paper prices fell and overlapping costs were high, and the company’s fourth-quarter performance was under pressure: Affected by the acceleration of demand-side growth and increased production capacity, paper prices continued to fall from 18Q2 to the end of 18, according to Zhuochuang Information.The prices of copperplate, offset, and cardboard paper from the high point dropped about 21%, 16%, and 26% respectively. Despite the new capacity contribution, the continuous decline in paper prices accompanied the company’s Q4 revenue growth rate.

From the profit side, due to the impact of the raw material inventory cycle, the actual pulp price cost of the company in 18Q4 is relatively high, so the profit side of Q4 is under pressure.

Regarding dissolving pulp, according to wind statistics, the average price of dissolving pulp in 18Q4 increased slightly by about 63 yuan / ton from Q3, and the profit of dissolving pulp business was stable.

In terms of sales volume, the company’s sales of machine-made paper increased by 297 in 18 years, an increase of 6 per year.

45%; 103% increase in pulp sales, an annual increase of 27.


The report pointed out that the company’s 20 initial special papers, 30 oriented chemical pulp, 80 high-end cardboard projects, 50 new and new fiber raw materials projects have been put into production, driving the company’s pulp sales to continue to grow.

In addition, the company announced in July 18 that it plans to build a 120-scale papermaking project in Laos. We believe that the commissioning of this project in the future is expected to further enrich the company’s product structure and help the company integrate the leader of comprehensive paper companies.

In 18 years, the gross profit margin decreased quarter by quarter. In the future, the proportion of self-supply of converted raw materials continued to increase, and the price increase of cultural paper was gradually implemented. The company’s profitability per ton of paper increased.

45%, down 2 every year.

58pct, of which 18Q4 single quarter gross margin of 17.

33%, down 5 from 18Q3.

81 points.

We think the company’s quarterly decline in gross profit margin in 18 years was mainly due to the decline in paper prices and the relatively high cost of raw materials.

As the company’s new fiber raw 上海夜网论坛 material project reaches production and the natural high-yield biomass fiber project is gradually put into operation, the company’s self-supply ratio of raw materials will further increase, and its cost advantage will become more prominent.

In addition, the price increase of 19Q1 cultural paper has gradually come into effect, and the supply and demand of cultural paper and the competition pattern are relatively better. We judge the profitability of the company’s main paper industry to promote marginal repair.

Profit forecast and investment advice: The company is a leader in cultural paper, with clear capacity planning and high degree of integration of raw materials. It has been a strong growth driver. We maintain the company’s net profit forecast for 19-20 years21.


7.8 billion, a new forecast of 21 years of net profit 28.

20 trillion, the corresponding EPS is 0.



09 yuan, the current sustainable corresponding PE is 9X / 8X / 6X, maintaining the “overweight” level.

Risk warning: the risk of large fluctuations in raw material prices; the demand of the paper industry is less than expected.

Marubeni (603983): Industry Dividend Drives Domestic Product Leaders in Segmented Industries to usher in a New Era of Development

Marubeni (603983): Industry Dividend Drives Domestic Product Leaders in Segmented Industries to usher in a New Era of Development

Equity concentration, long-term performance growth is stable.

The company’s founder, Sun Huaiqing, has nearly 25 years of experience in the cosmetics industry. He founded the Marubei brand in 2000.

The founder family currently holds 80 shares.


Company for 11 years?
In 18 years, the compound growth rate of revenue and profit was about 14%, and the performance growth was stable.

Online development, aging, high-end, and social media have jointly promoted the growth of the cosmetics industry; domestic brands of skin care products are expected to gradually overtake corners.

(1) Through the development of online channels, the aging of consumers, the high-end consumption and the promotion of new marketing methods have accelerated the growth of the cosmetics industry in 17 years, and the industry scale in 18 years12.

3% exceeded 400 billion.

(2) Conventional cosmetics brands can sustain online channel growth and new marketing 杭州夜网论坛 methods, and are expected to gradually achieve cornering overtaking in the skincare category.

At present, Chinese brands have been included in the top ten market share of skin care brands.

(3) We believe that the continuous high-speed growth trend of these cosmetics industries is expected to continue to develop, which is conducive to the long-term development of cosmetics brands; however, the continuous high-end and the continuous penetration of overseas brands through online and low-tier cities, overseas brands will continue.Forming pressure on domestic brands, the high-end and social media marketing operations of Chinese brands themselves will become the key to competition.

Marubeni’s core competitiveness: balanced development of all channels, strong category advantages, outstanding marketing features.

We believe that Marumi’s core advantages include: (1) balanced 北京夜网 growth of all channels, while maintaining rapid growth online, the company’s department store, beauty salon channel channel upgrades and new product launches have all achieved high growth.

(2) On the strong category of eye creams, while the company’s eye creams continue to grow at a high speed, their pricing has opened up the difference from internal revenue, showing a certain brand premium.

At the same time, the company continued to launch high-end brand Marubi Tokyo and continued to build its own brand height.

(3) In terms of marketing and publicity, the company aims to target its own main brand with an intellectual and elegant customer group. The characteristics are mainly shooting artistic advertisements, with prominent features and outstanding results.

At present, the company is also comprehensively transforming social media marketing on talent and organizational structure.

High net interest rate and high turnover have driven the company’s ROE to lead the industry.

(1) In terms of net profit margin, the gross profit margin and product positioning of the eye cream allowed by the main product are relatively higher. Marubeni’s gross profit margin has advantages over its peers.

At the same time, Marumei has lowered its sales expense ratio and management expense ratio slightly. The company’s overall net profit ratio reached 26% in 18 years, which is clearly leading.

(2) In terms of turnover rate, the company’s inventory is well controlled, and suppliers are required to pay for goods before the goods are received, and accounts receivable is disposed of. The overall turnover is healthy.

Therefore, the company has maintained a high ROE level.

Profit forecast and investment recommendations: We believe that under the trend of aging and high-end benefits, the cosmetics industry is expected to continue to achieve a relatively high growth rate in the medium and long term.

As one of the domestic leading brands, Marubeni Co., Ltd. already has an alternative market segmentation in the segmentation field.

We expect company 19?
21-year return to mother’s net profit4.

8 billion / 5.

8 billion / 6.

900 million, an increase of 16% / 21% / 18%, corresponding to the current valuation of 51/42 / 36X.

Taking into account the rapid development of the entire industry and the market segment replaced by Marubeni, it was first covered and given an “overweight” rating.

Risk Warning: Retail environment fluctuates; cosmetics demand growth is slower than expected; market competition intensifies

Makihara (002714): Enjoying sustained high pig prices creates growth and high growth

Makihara (002714): Enjoying sustained high pig prices creates growth and high growth

1. The event company released its 2019 annual report.

2. Our analysis and judgment 1) The benefited pig price continued to rise, and the company’s performance was in line with expectations in 2019.

21 ppm, an increase of 51 in ten years.

04%, net profit attributable to mother 61.

140,000 yuan, an increase of 1075 in ten years.

37%, net profit after return to the mother after deduction is 59.

380,000 yuan, an increase of 1186 in ten years.


The company’s comprehensive gross profit margin is 35.

95, +26 over the same period last year.


Period cost accounted for 7.

13% a year -1.

71 points, asset-liability ratio 40.

04%, a year -14.

03pct, the overall cost control is good, the company has overlapping management capabilities.

In Q4 2019, the company achieved operating income of 84.

880,000 yuan, an increase of 101 in ten years.

77%, net profit attributable to mother 47.

27 ppm, an increase 杭州桑拿洗浴会所 of 2680 per year.

56%, net profit after deduction is 45.

880,000 yuan, an annual increase of 3100.


The substantial increase in the company’s profits stems from upward pig prices.

2) Leading cost control and full production capacity reserve. In 2020, the number of pigs on the market will increase by 2019.

330,000 heads, six years -6.

89%, of which 867 were commercial pigs.

910,000 heads, 154 piglets.

710,000 heads, breeding pigs 2.

710,000 heads.

According to the calculation of net profit, the company’s 19-year average profit was about 618 yuan.

As of December 31, 19, the company’s total fixed assets and construction in progress were 274.

6.3 billion, an increase of 59 from the beginning of the year.

44%; In addition, the company’s productive biological assets were 38.

350,000 yuan, +35 西安耍耍网 from the end of Q3.

18%, +162 over the same period last year.


The company’s biological assets have grown significantly. The company can breed 1.28 million sows and 720,000 back-up sows. The future production of pigs is guaranteed.According to the company’s announcement, the company plans to sell 17.5-20 million pigs in 2020, an increase of 70 in ten years.

7% to 95.


3) Leading in breeding and breeding technology, fully benefiting from the industry’s high prosperity. In 19 years, the company developed some southern provinces. It has deployed breeding production in Guangdong, Guangxi, Yunnan and other places. By the end of the year, the number of subsidiaries has reached 138, distributed in 18 provinces.

Considering the industry trend from “pig-adjusting” to “meat-adjusting”, the company started three slaughterhouse projects in Henan Province, with a total design capacity of 6 million heads.

In terms of breeding, the company continued to upgrade and reform pig houses, while using artificial intelligence technology to establish pig disease prediction models, etc., to carry out pig breeding more efficiently.

Against the background of hog prices continuing to be high in 2020, overlapping companies are experiencing high growth, and the company’s performance has maintained a high growth trend.


Investment suggestion The company has industry-leading hog breeding and breeding technology, surpassing excellent cost management and control, and the rapid growth of hog slaughtering, benefiting from continued high pig prices, and the company’s performance has grown significantly.

We expect the company’s EPS to be 2020-2022 respectively.



72 yuan, corresponding to 9/9/11 times the PE, maintaining the “recommended” level.


Risks indicate that pig prices are not up to expectations, disease risk, and policy risks.

[Fitness three meals recipe table]_How to eat_How to eat

[Fitness three meals recipe table]_How to eat_How to eat

Every friend who wants to lose weight in fitness should follow. The right amount of exercise, cheerful and cheerful mood, scientific healthy diet, this is the necessary condition for healthy fitness to lose fat.

Among them, a reasonable healthy diet in fat loss fitness is a condition that must be considered. Therefore, friends who want to lose weight must exercise a reasonable and scientific diet, which is very important.

After exercise, you must eat healthy and scientifically, so that you can get more results with less weight. In the following, I have prepared a three-meal recipes for friends who need to lose weight.Regular meal plan]Breakfast: 1?
2 eggs + milk / soy milk + buns / oatmeal / xiaolongbao / whole wheat bread / cucumber.

Lunch: coarse grains (beans / corn / cold processed potatoes / oatmeal / oat bread / wheat bread / cereal) + a small bowl of rice + some vegetables + fish.

Dinner: a small bowl of rice + eggs / scrambled eggs with tomatoes / scrambled eggs with cucumber / scrambled eggs with leek + kung pao chicken / beef tenderloin / fried potato shreds / fried yam / broccoli / potato roast beef / braised fish.

[Specific plan for five meals / six meals]The so-called extra meals do not need to eat too much, a glass of milk, an apple, and a corn are simple meals.

These things, whether office workers or students, can be carried with the bag.

The extra meal time is between breakfast and lunch (around 10am) and between lunch and dinner (around 3pm).

If you are really hungry at night, you can add a corn four hours before bed, or add an egg, or you can make oatmeal by yourself.

Do not eat for three hours before going to bed.

7:00 breakfast recipe: porridge, milk, eggs.

Why: Porridge is easy to digest, and cowboys and eggs help with protein supplements.

Milk can also be replaced with orange juice, which can add more rich vitamin C and make your spirits better.

9: 00 meals recipe: half an apple.

Reason: Apple is a low-molecular-weight crude fiber fruit that can help eliminate diabetes.

Because it is close to lunch time, half an apple is enough.

11:30 lunch recipe: rice (70g), fish (100g), shrimp (80g), vegetables (100g).

Reason: Fish and shrimp are high-protein, low-migration foods. While vegetables provide a feeling of fullness, the rich accumulation of fiber also helps digestion.

15:00 Recipe: Black coffee (350 ml) + whole wheat bread (2 slices) or a banana Reason: Black coffee is good for heart function, and it contains no traces, which is a good thing to speed up metabolism during fat loss.

If you choose whole wheat bread with coffee, you should avoid eating bananas.

17:30 Dinner Assorted Fat-Clean Salad Ingredients: Lettuce, cucumber, broccoli / broccoli, salmon, poached chicken breast, a small amount of peas.

Method: Add vinegar or oil vinegar juice together and mix together. Do not use salad dressing, the conversion is too high.

Reason: A assorted clear fat salad can fully satisfy the nutritional intake of a dinner. It is recommended that the ingredients are not cooked with cooking oil, and boiled, steamed, and stewed are all good ways.

21:00 supper recipe: low-denatured fruit.

Fruit: 1 orange or 1 small bunch of grapes or 1 pear.

Reason: Those who are accustomed to going to bed late should not burden the stomach and stomach before going to bed. They should choose fruits with low metastasis, so that they can feel full without worrying about gaining weight.

[What milk is better for milk tea?

】 _Fresh milk_how to do

[What milk is better for milk tea?
】 _Fresh milk_how to do

Many people usually like to drink beverages in their daily lives. In fact, many beverages are added with some additives. Occasionally, there is no problem. If you drink it every day, you may cause physical injury.

It’s better to drink some unhealthy drinks with homemade drinks.

Many people like to drink milk tea in life. In fact, it can be made in a simple way. So what kind of milk is the best when making milk tea?

Authentic milk tea uses black tea and flower milk.

Flower milk is a kind of special food.

It is the result of removing some moisture from fresh milk, which is slightly thicker than fresh milk.

Its lactose content is higher than that of fresh milk, and its milk flavor is stronger.

The secret of Hong Kong milk tea is that it is often used in cooking or pastry.

It is not the same as milk powder, so it cannot be replaced.

In fact, nowadays, milk tea made from plain Mengniu pure milk is also available.

The taste is also good.

First talk about the benefits of pure milk, and undoubtedly the biggest benefit is health.

However, the health of pure things does not mean that his taste is good. Milk tea made from pure milk has no silky feel, but it can be solved by adding light milk. However, some animal milk has a unique smell of animal milk, so the taste is worse than milkAlthough sperm and creamer are artificial products, it is precisely because they are artificial products that they can adjust the flavor ratio to make the most suitable taste.

And most people who drink milk tea are young people. Now young people are more concerned about taste than health, otherwise KFC McDonald’s will be closed.

And the cost of pure milk is too much than creamer, so the amount of pure milk milk tea will be relatively high.

It doesn’t matter if it is a high point in the business district. If it is near the campus, there is no market for too high a price, because children can only have a market if you can’t afford it.

The above are personal opinions. If the milk tea god has different views, you can come up and discuss them.

[How to make ginseng porridge]_How to do_How to do

[How to make ginseng porridge]_How to do_How to do

I believe that many people like to eat some nutritious foods in their daily lives. When it comes to nutritious foods, they are mainly proprietary Chinese medicines. Traditional Chinese medicines such as ginseng and velvet antler are common. Ginseng can be used in addition to soup.Porridge, a kind of porridge with ginseng and ginseng, can be added to a casserole or aluminum pan with an appropriate amount of water, burned on a fire over low heat, and then add rock sugar in it to neutralize the taste of the soup.

The steps of ginseng porridge are detailed in step 1.

Wash the previous rice; grind ginseng into powder or slice.


Previously, rice was mixed with ginseng powder (or slices) in a casserole or aluminum pot, and the amount of water was added.


Bring the pot to a boil over medium heat, and simmer over low heat until cooked.


Put the rock sugar in the pot, add water and boil.


Add the rock sugar juice to the cooked porridge slowly and stir well.

Tips for making ginseng porridge: During production, avoid ironware and radishes.

Health Tips: Yi vitality, nourishing the five internal organs.

It is suitable for the elderly who are frail, may suffer from injury, loss of appetite, insomnia, forgetfulness, sexual dysfunction, etc.

Food phase: Always rice: Don?

Meng Yue: “Always don’t eat meat with horses and develop tumors.

Do not eat with cocklebur, it is heartbreaking.

“Alexander King of the Qing Dynasty:” Although the fried rice is fragrant, its dryness helps the fire.

“Ginseng: Ginseng should not be taken with tea, anti-leaf reed, Acanthopanax sibiricum, acacia, halo-alkali, black beans, moving amethyst, production method 1.

Wash the previous rice; grind ginseng into powder or slice.


Previously, rice was mixed with ginseng powder (or slices) in a casserole or aluminum pot, and the amount of water was added.


Bring the pot to a boil over medium heat, and simmer over low heat until cooked.

Put the rock sugar in the pot, add water and boil.

Add the rock sugar juice to the cooked porridge slowly and stir well.
Tips for making: Avoid iron and radish.

It is recommended to eat on an empty stomach sooner or later in the autumn and winter.

Nutritional analysis of advance rice: advance rice can improve the human immune function, promote blood circulation, thereby reducing the chance of high blood pressure; rice can prevent diabetes, beriberi, age spots and constipation and other diseases; the crude fiber molecules of rice bran layer have been,Helps to survive peristalsis, has a good effect on stomach problems, constipation, hemorrhoids and so on.

Food is better than previous rice: the previous rice should not be eaten with horse meat and honey; it should not be eaten with cocklebur, otherwise it will cause heartache.

Ginseng: Do not eat with radish, tea, hellebore, or hawthorn.

[Grape Passion Fruit Juice]_ Production Method _ Practice Guide

[Grape Passion Fruit Juice]_ Production Method _ Practice Guide

Compared to a single fruit eating method, younger people prefer the taste of mixing and matching a variety of fruits. Even the fruit extension eating method is no exception.

The flavors of grape and passion fruit are relatively sour and sweet. When the two are mixed together to form grape passion fruit juice, the taste does not conflict with each other, but for some people who do not like sour, they need to be in the middle of the production.Add some honey to neutralize the sourness of both.

Passion Fruit Grape Juice Method 1. Put passion fruit grape juice and meat into it; 2. Put two grapes into the cup; 3. Mix them; 4. Add honey; 5. Delicious passion fruit grapesFruit tea is just fine.

Grape Efficacy and Function Purple grapes may have anthocyanins and flavonoids. These two substances are powerful antioxidants, which have a good effect on fighting and eliminating free radicals in our body.

The content of potassium, magnesium, calcium and other minerals in black grapes is higher than that of grapes of other colors. These mineral ions mainly exist in the form of organic acid salts, which plays an important role in maintaining the ion balance of the human body.

Red grapes contain reverse enzymes, which can protect the heart by slowing the accumulation of aneurysms on the arterial wall, which can soften blood vessels, activate blood circulation, and prevent stasis.

Passion fruit is good for your body. Passion fruit is mixed with vitamin C, which is caused by everyone.

Vitamin C can help us improve our immunity.

Passion fruit also has vitamin E, which can protect our cells, blood vessels, and anti-aging.

Passion fruit is rich in vitamins and fiber supplements.

Eating passion fruit often helps us lower blood lipids.

Eating passion fruit regularly can help us reduce systolic blood pressure. Therefore, if patients with hypertension eat regular passion fruit, it can effectively control blood pressure.

Passion fruit, although a fruit, is a natural sedative.

Eating passion fruit often helps us relax our nervous nerves. If our work and life are stressful, our pace is fast.

We can eat passion fruit often to relieve our nervous mental state.

[Can loofah and winter melon be eaten together]_ 东 瓜 _ 同 吃

[Can loofah and winter melon be eaten together]_ 东 瓜 _ 同 吃

Many times, there is a saying that Xiangke is that certain foods cannot be eaten together, otherwise it is likely to cause food poisoning.

Winter melon is a common melon vegetable. We often use winter melon to cook soup or slice meat, and loofah is also a common vegetable. Besides, there are a lot of anthocyanins and vitamins in loofah, which can effectively resist aging and whitening.

Can winter melon and loofah be eaten together?

First, can gourds and winter gourds be eaten together? Winter gourds can be eaten together, but there is no such thing as grams.

But both are cold, don’t eat more.

Second, the main raw materials of fried gourd: 80g of gourd, 150g of gourd, the right amount of oil, the right amount of salt, the right amount of soy sauce, the right amount of spring onion, the right amount of garlic

First prepare and clean the required ingredients.

Cut all the ingredients, green onions, and minced garlic.


Heat the wok and pour the oil. After the oil is hot, add the green onion and the garlic is fragrant.

Add winter melon and stir fry for a while.


Then put in the loofah and stir fry.

Add the right amount of soy sauce and salt.


Add the right amount of water to cover the pot, turn the water to simmer and boil after the water is boiling.

Third, the effect of loofah 1.

Ascorbic disease: The high content of vitamin C in loofah can be used for ascorbic disease and prevention of various vitamin C deficiency.


Brain health and beauty: As the content of vitamin B in loofah is high, it is conducive to children’s brain development and middle-aged and elderly brain health; the juice of loofah cane has the special function of maintaining skin elasticity and can be used to remove wrinkles.


Anti-virus and anti-allergy: Luffa extract has obvious preventive effect on Japanese encephalitis virus. An anti-allergic substance, aragenol, is also extracted in the tissue culture medium of luffa, which has a strong anti-allergic effect.

Fourth, who is not suitable to eat loofah Because of the coldness of loofah, therefore, physically weak and cold, people with diarrhea should not eat loofah.

Those with irregular menstruation, tired body, sputum, cough, and postpartum milk are not suitable for women who eat loofah.

Physical weakness and cold, diarrhea should not eat more.

[The whole process of making traditional tofu]_How to do_How to do

[The whole process of making traditional tofu]_How to do_How to do

Tofu was originally invented in the Han Dynasty, and it can be said that it is the most common bean product in the upper Han people.

The traditional method of making tofu is relatively complicated, but the resulting tofu is more delicious. In some aspects, the main ones are south tofu and north tofu, which are brine tofu and gypsum tofu.

The brine tofu is relatively soft and tender, and the gypsum tofu is relatively firm.

The process of making tofu is nothing more than making beans, grinding beans, cooking beans, cooking soy milk, and then placing gypsum or brine, and finally pressing and shaping with a knife to cut into the shape of tofu.

The nutritional value of tofu is relatively high, and tofu is also eaten very much, and it is still prosperous.

1. The soybeans for tofu must be soaked overnight.

This is using mountain spring water.

2. Soaked soybeans are ground into a slurry by stone milling.

3. While refining, use a firewood to burn a large pot of boiling water, there will be tree fragrance in the water.

4. Pour the ground soy milk into the bag to separate the residue.

5, just boiled water into the bag mixed with soy milk.

6. Tighten the bag mouth of the soy milk bag poured into boiling water and shake it clockwise or counterclockwise, and the inside of the bag will leak out through the replaced milk.

7. Pour out the soy milk into a large pot, which is 66cm in diameter.

8. Squeezed soybean milk should be squeezed hard. The soybean milk inside is squeezed out and it becomes tofu residue.

9. Pour the soy milk into the pot and boil it with wood fire.

10. Pour the soybean milk after the firewood into a wooden barrel made of fir.

11, soy milk is left for a short period of time, after cooling to a certain temperature, it is poured into tofu condensate water, which is made by mixing a small scoop of cold soy milk with tofu condensate powder.

This process is the most important, because the tofu and thick texture of tofu are determined by it, so it is the most difficult to control this temperature. People without certain experience cannot control it.

12, after the previous process, the soy milk left standing will magically become our familiar tofu flower.

13. At this time, pour the tofu flower into the prepared water-proof container to prepare water-proof.

14. Finally, put a weight to squeeze out the water in the tofu flower.

15. After several hours of squeezing, pieces of tofu tender as baby’s BB skin were successfully played.

16, a small piece of soy beans after skillful production into a piece of water Lingling fragrance tofu overflowing.

[Stir-fried Konjac with Pickled Peppers]_Fried Method_How to Fry

[Stir-fried Konjac with Pickled Peppers]_Fried Method_How to Fry

The konjac we eat outside is generally spicy, and the spicy is particularly obvious. This is because the pepper is put in it, and the taste of konjac is the reason why it is best to pair with pepper, and the nutritional value is alsoVery high, konjac is more suitable for making pickled peppers. The taste of pickled peppers is very good. There are many other methods. I will introduce the practice of konjac., Old soy, chicken essence method 1.

Divide the konjac into pieces and cook in boiling water for a few minutes.

Chopped pickled peppers.


Heat the oil in the pot, pour in the pickled peppers, add the konjac, chicken essence, stir-fry for a few minutes, cover the pot, and simmer for 2 minutes.


When the soup is ready to dry, collect the juice on high heat, put it out of the pan, and sprinkle with green onions.

Tip: Pickled pepper and chicken essence have salt, so no need to add salt.

Ingredients for Pickled Konjac: Pickled Ginger, Pickled Chili, Onion Accessories: Douban Sauce, White Sugar, Raw Drainage Amount, Konjac Cut into Strips with Finger-Width; Pickled Ginger, Pickled Red Chili Peppers;Also chopped on cutting boards beforehand; scallions cut into circles.

2. After boiling the water in the pot, add the chopped konjac to the simmered water for 2 minutes, remove and drain the water. 3, pour the oil in the pot, preheat, pour ginger, red pepper, and watercress. 4, Stir-fry konjac, add half a bowl of water, simmer on high heat until the juice is poured, pour onion and stir-fry, sprinkle some sugar, and get out of the pan!

Stuffed ginger and pickled konjac materials: ginger, red pepper, wild pepper, green onion, minced meat supplements: watercress meal, sugar replacement, soy sauce practices: 1, konjac cut into strips with a width of the mother; ginger, Pickled red pepper, pickled wild pepper, chopped; a watercress brown, chopped in advance on a cutting board; cut green onions into circles.

2. Pour the oil in the pan. After preheating, pour in the minced meat, use a spatula to stir-fry the minced meat. Pour some soy sauce to color the minced meat.

3, the remaining oil in the pot, pour ginger, red pepper, wild wild pepper, bean sprouts, stir-fry the konjac, add the minced meat and stir fry after adding the flavor, add a small bowl of water, simmer until the heatJuice, pour the green onion and stir-fry it.
Tip: For good looks, I sprinkled some green onions!

In fact, you can fry konjac directly without meat, but you need to put less pickled pepper and chili.