Foster (603806): The improvement of photovoltaic film structure drives the growth of improved performance. The new material has gradually maintained its overweight level.

Foster (603806): The improvement of photovoltaic film structure drives the growth of improved performance. The new material has gradually maintained its “overweight” level.
Investment Highlights: Company Announcement: The company achieved operating income in the first half of 佛山桑拿网 201929.800 million, an increase of 36 over the same period last year.08%; Net profit attributable to shareholders of listed companies.9.8 billion, an increase of 77 over the same period last year.23%; net non-recurring profit or loss attributable to shareholders of listed companies3.40,000 yuan, an increase of 56 over the same period last year.69%.Performance was slightly higher than expected.  The product structure continued to improve, and the single-season film sales volume in Q1 2019 hit a record high.In the first half of the year, the company sold photovoltaic films.5.5 billion square meters, an increase of 29 in ten years.77%, a total of 2 backplane sales.4.6 billion square meters, an increase of 30 in ten years.41%.In the first half of the year, the company’s film product structure continued to improve, bringing an average price increase of 7% in the first half of the year, and the film gross profit margin reached 19.21%, an increase of 1.46pct, and sales increased by 30%, benefiting from the rise in volume and price, photovoltaic film achieved revenue of 26.98 ‰, a year-on-year increase of 32%, benefiting from the improvement of the product structure; in addition, backplane prices continued to fall, and the average price in the first half of the year decreased by 14 compared with the same period of the previous year.5%, gross margin blood pressure 4.06pct to 17.41%, total backboard income 2.75 ppm, an increase of 7% per year.  The income of new materials has gradually increased, and the industrialization of photosensitive dry film has accelerated.In the first half of the year, the company’s electronic material products realized revenue of 25.59 million yuan, compared with 29.36 million yuan last year, mainly from sales of photosensitive dry film products.In addition, the company plans to raise 1.1 billion US dollars for the expansion by issuing convertible bonds2.500 million square meters of white EVA film technical transformation, 200 million square meters of POE packaging film and 2.The 1.6 billion square meter photosensitive dry film project has been approved by the China Securities Regulatory Commission’s Audit Committee. We believe that the company will increase the expansion of high-end EVA film products and continue to develop new material business layout, including photosensitive dry filmsAluminum-plastic composite film, FCCL products, etc.It is expected that the follow-up will become a new profit growth point.  Leading EVA companies, white EVA and POE film can help improve the structure, and the layout of new materials business has gradually increased.Maintain profit forecast. It is estimated that the net profit attributable to shareholders of the parent company in 2019-2021 will be 7 respectively.93, 9.15, 11.10,000 yuan, the full diluted earnings per share were 1.52, 1.75 and 2.11 yuan, corresponding to PE is 26, 23 and 19 times, maintaining the “overweight” level.

[Does urination before sex, make sexual feeling stronger?

[Does urination before sex, make sexual feeling stronger?

Question: Some articles say that men who hold urine properly will have stronger sexual feelings.

Is this method feasible?

Is everyone applicable?

Re: Clinical studies have found that in some older men with poor erectile function, proper urination can improve erectile function.

This may be because urine filling has a certain stimulating effect on the bladder.

However, people with normal erectile function do not recommend or need to urinate deliberately.

And forbearance, maybe a little bit.

The male external genitalia has two roles, one is to excrete urine, and the other is to excrete semen.

Both functions can be controlled by a valve, or the valve can be opened to allow urine to be discharged; or the valve can be closed to allow semen to be discharged.

Usually, this outlet is only responsible for urine discharge, which is inconsistent, but if there is urine in the bladder during sexual excitement, there is a problem of letting one of them be discharged first.

If you endure urinary intercourse, the filled bladder will compress the congested organs around the genitals, which can easily induce prostate disease.

In addition, if you are willing to have sex during sexual life, it will also distract you and affect the quality of sexual life.

Therefore, it is best to evacuate before sex.

Zhaoyan New Medicine (603127): Acquisition of BIOMERE Expands Foreign Safety Evaluation Market

Zhaoyan New Medicine (603127): Acquisition of BIOMERE Expands Foreign Safety Evaluation Market

Event: On May 17, the company announced its intention to acquire US BIOMEDICAL RESEARCHMODELS, INC for US $ 27.28 million.

(Biomere) 100% equity, the target’s main military pre-clinical CRO (mainly safety assessment) and vaccine business, of which the vaccine business will be divested before the transaction.

The core point of view is holding Biomere to advance the internationalization strategy of the security assessment business.

According to reports, Biomere employs about 100 people and has a facility area (animal houses and laboratories) of 8,268 square meters. It has occupied the safety assessment business in the Boston area of the East Bay for more than 20 years, has a mature business model and management structure, and has accumulatedLess deep customer base (including Shire, Novartis, etc.).

The main business of the target is preclinical CRO (including safety assessment, biological analysis and pharmacology, etc.).

In 2018, Biomere cancelled its vaccine business to achieve revenue1.

260,000 yuan, with a net profit of 11 million yuan.

We believe that the company’s holding of Biomere will accelerate the progress of the safety assessment business in the United States and further improve its international layout.

Domestic and foreign platforms have played a synergistic role and opened the ceiling of the safety assessment business.

The acquisition will expand Zhao Yan ‘s popularity in overseas markets, divert orders from the US market, and rapidly expand the local market. In the future, it can expand its capacity in the United States or complete overseas orders directly at domestic bases.

In addition, the non-GLP business outside Biomere can be directly taken over by the relevant departments within the company after the integration to improve the company’s profitability.

The U.S. market is a global high ground for pharmaceutical research and development. The local platform acquired by the company’s mergers and acquisitions is expected to break the constraints of the domestic market (currently, the domestic business accounts for more than 95%), and raise the upper limit of the security assessment business growth.

With the safety assessment business as the main body, build a pre-clinical comprehensive CRO.

The company’s strategy is to build a comprehensive CRO around early clinical and biopharmaceutical CRO / CMO based on the perfection of GLP business with biopharmaceutical as the core.

In terms of safety assessment, the domestic Chongqing base is about to start, and the international market has begun to try; early clinical business, the construction of clinical bases has been smooth, and it has been transformed into the improvement of the CRO team and laboratory.

杭州夜网论坛In our opinion, the company is expected to eventually become a preclinical comprehensive CRO in China.

Financial Forecast and Investment Recommendations We predict that the company will realize net profit attributable to mothers in 2019-2021.



850,000 yuan, the corresponding EPS is 0.



78 yuan.

With reference to the comparable company’s estimates, maintain a 56x 2019 P / E ratio and a corresponding target price of 54.

32 yuan, maintaining the “overweight” level.

Risk Warning If the new business development is less than expected, it will adversely affect the company’s growth prospects.

The opening of China’s bond market is expected to bring 10 trillion affluent living water

The opening of China’s bond market is expected to bring 10 trillion affluent “living water”

The opening of China’s bond market is expected to bring trillions of dollars of “living water”. The reporter Bao Xingan’s China’s bond market has gradually opened its doors to global investors.

Chinese bonds have been divided by the Bloomberg Barclays Global Composite Index, and the FTSE Russell Index and JP Morgan Chase Global Emerging Markets Diversified Bond Index are also planning to swap.

Experts believe that in the future, it is expected to attract more overseas investors to allocate Chinese market bonds.

  According to Liu Zhe, deputy director of the Weber New Economics Institute, the Bloomberg Barclays Global Composite Index is one of the world’s mainstream bond indexes, which means that the opening of China’s bond market has entered a substantial stage.The pace of “entry into Morocco” and “entry into wealth” is continuously accelerating. Joining the three major international bond indexes is expected to bring trillions of yuan in allocation funds to the Chinese bond market.

  For example, Ge Shoujing, a senior expert in macro strategy at the Institute of Financial Research, said in an interview with the Securities Daily that if China’s bonds are divided into the three major global bond indices, it will bring about a passive inflow of US $ 250 billion in funds.

  On April 1, renminbi-denominated government bonds and policy bank bonds were listed by the Bloomberg Barclays Global Composite Index, and Chinese bonds became the fourth-largest denominated currency bond after the US dollar, euro, and yen; FTSE Russell expects to officially begin in September.Announced whether to include Chinese government bonds in the rich nations World Treasury Index, and may consider Chinese credit bonds before the end of the year; JP Morgan Chase is assessing whether to fully include Chinese bonds in the global emerging market diversified bond index.The Index Governance Advisory Conference invites investors to include Chinese bonds in the relevant index feedback. If it can be successfully divided, it is expected that Chinese bonds will account for 7% to 10% of the index.

  Sun Binbin, chief analyst of Tianfeng Securities Solid Income, believes that in addition to the international mainstream bond index, RMB bonds will first bring a certain amount of incremental funds, which has a significant effect on interest rate debt, especially government bonds.

In fact, according to international experience, the opening and 西安耍耍网 reorganization of the bond market into the existing bull market will help boost the gradual and long-term trend of increasing the linkage between ChinaBond and international bond prices.

  Ge Shoujing believes that the opening up of the bond markets of developing countries is conducive to the gradual development of the offshore RMB exchange rate regression mechanism, promotes the internationalization of the RMB and the construction of international financial centers, and enhances the international competitiveness of international financial markets and the global influence of financial standards.

It is recommended to continue to improve the construction of supporting facilities for related financial foundations; to improve the market for government bonds and policy financial bonds to improve market liquidity; to accelerate the release of restrictions on foreign investors from investing in the domestic RMB bond market, and to effectively increase the active trading of the bond marketDegree and degree of internationalization.

  As an important part of the expansion and opening up of the bond market, the credit rating industry has been steadily advancing to the outside world.

In January this year, S & P Global was approved to enter the Chinese credit rating market for credit rating business.

It is preliminarily believed that the current internationalization of China’s financial market is accelerating, and the appointment of international rating agencies is conducive to meeting the demands of international investors for the allocation of diversified RMB assets, and also to promoting the improvement of the rating quality of China’s rating industry.

[Encyclopedia of children eating fish]_How to do_How to do

[Encyclopedia of children eating fish]_How to do_How to do

Fish is a kind of food rich in fish protein, so eating more fish helps to supplement the body’s protein, and for children in growing up, eating more fish helps to develop intelligence.

However, there is a very big disadvantage of fish meat is the fishbone. If children eat fish, it is easy for them to get stuck in their throats.

Therefore, at this time, parents should learn how to make children’s fish meat to avoid the phenomenon of fishbone and throat.

Sweet and Sour Ribbon Fish Ingredients: Fresh ribbon fish, shallots, ginger, star anise, soy sauce, vinegar, sugar, cooking wine, refined salt, starch method: 1.

After the fish is washed, it is chopped into 10 cm sections and marinated with salt for about 10 minutes.


Take a clean small bowl, pour in the right amount of cooking wine, 1 tablespoon of soy sauce, 1 tablespoon of sugar, stir well, pour in an appropriate amount of vinegar, and stir in an appropriate amount of fine salt.


Dip the strips of dried fish into the starch.


Add oil to the pan. After the oil is hot, code it into the scallops and cook over low heat. Fry the scallops over the scallops and fry the other side slightly yellow. Turn the scallops to the side and add the shallots, ginger slices, and star anise.Fried incense.


Pour in the sweet and sour sauce, and preferably take the fish, and simmer for 10 minutes.

Ingredients for lotus cod porridge: half a cup of rice, 5 cups of water, 1/3 onions, 50g raw lotus seeds, 50g cod, 50g pork ground meat, 50g cauliflower, 1 tsp salt, 1/2 tbsp cold-pressed olive oil,2 tsp of rice wine.

Method: 1. Wash half a cup of rice, add 5 cups of water, finely dice the onion, put 2 cups of water outside the electric cooker, and cook.

2. Cook the raw lotus seeds. Use a stainless steel net and a spoon to crush the lotus seeds and sieve them.

3. Add lotus seed puree, 1 tsp of salt, 1/2 tbsp of cold-pressed olive oil to the porridge and stir well, so that the bottom porridge for the taste change is completed.

4. Wash the cod, wipe with thin salt, and add rice wine; cut the pork ground meat once again, and put it in an electric cooker and steam it with half a cup of water (should pick it up immediately after steaming, don’t be stuffy) 5. peel the fish from the cod(Make sure there are no fish bones), crush and mix into the porridge, it is lotus cod porridge.

Ingredients for squirrel catfish: 200 grams of mandarin fish, 2 grams of cooking wine, 10 grams of pine nuts, pepper powder, 10 grams of tomato sauce, 500 grams of vegetable oil, 40 grams of wet starch, moderate salt, and 15 grams of vinegar.

Remove the scales, gills, fins and viscera of the mandarin fish, remove the leather coat from the head, wash it, chop off the fish head, spread it out and pat it flat.

Use a knife to cut off the fish bones of the fish tail (don’t cut the belly of the fish), leaving about 1 rain of spine at the tail.

After the bones of the mandarin fish are boneless, spread the skin downwards and cut it into a flower knife with a diagonal knife. The depth of the knife is 4/5 of the meat. Do not cut the fish skin, open a mouth at the tail, and pull the tail out of the knife.


Sprinkle the fish with salt, pepper, cooking wine, and wet starch (some).


Heat the wok, pour the vegetable oil after the heat, heat the oil to 70%, dip the mandarin fish with a small amount of starch, fry it in the oil pan for several minutes, then dip the fish head with starch, put it in the oil pan, and fry untilRemove it in golden yellow, place the side with the flower knife up in a fish dish, and install the fish head.


Put the pine nuts in the oil pan, remove them when they are cooked, and put them in a small bowl.


Leave a small amount of oil in the wok, add clear soup, add salt, sugar, tomato sauce, vinegar, boil, stir with wet starch, add hot oil and stir well. Pour over the fish and sprinkle with pine nuts.
Steamed seabass ingredients: seabass 1 salt, children’s soy sauce, shallot strips, ginger practices: 1, clean the seabass, make a few mouthfuls on the fish, easy to taste, squeeze lemon on the fish, spread evenly, and evenly saltSpread it on the fish body. Wipe the fish belly with 2, and shred the shallots. Put the onions and ginger in the fish’s belly, and marinate for dozens of minutes.

4. Boil the water in the steamer, add the fish, steam for 12 minutes on high heat, and turn off the heat for a few minutes.

5. After steaming, pour out the steamed water from the plate, and take out the onion and ginger from the fish belly to feed the baby.

Pay attention to fishbone for your baby.

[How to make porridge with ginseng and round meat]_Porridge_How to make

[How to make porridge with ginseng and round meat]_Porridge_How to make

Ginseng is a great tonic medicine that can replenish vitality, nourish the middle and nourish qi, and taking ginseng can strengthen our physique and improve our physical condition.

Longan, also called longan, is a fruit.

It is warm and sweet, and it can nourish the heart and spleen, nourish qi and blood, and has a good nourishing and nourishing effect. It can be used for insomnia, forgetfulness, consternation, dizziness, etc. due to heart and spleen deficiency, lack of qi and blood.

These two have a beneficial effect on the human body, so can these two cocoa be eaten together?

Let’s see how ginseng and longan meat congee.

Longan ginseng porridge Therapeutic effect: Supplementing Qi and blood, delaying the nutritional value of aging: protein, amino acid, calcium, sodium, sulfur, magnesium, copper, iron Suitable people: blood deficiency, chlorosis, vertigo, palpitations, upset and insomnia, lung dryness and coughContraindications: Not suitable for colds, weak spleen and stomach, vomiting, diarrhea, cough and sputum. Materials needed for cautious use. Main ingredients Ejiao, longan, ginseng, red beans, rice, white sugar. 1 rice foaming and washing; ginseng, longan meatClean; wash red hair with foam; shred Ejiao;

Set the pot on the fire, add an appropriate amount of water, add rice and red beans, and cook over high heat until the rice grains bloom.

3 Put the ginseng, longan meat, stir-fry the gelatin, stir well, cook over low heat until the porridge is finished, season with sugar.

Efficacy and role Ejiao can increase calcium intake in the body, effectively improve bone loss caused by calcium deficiency, calcium salt outflow, and osteoporosis.

Longan has the effects of nourishing the heart and spleen, nourishing qi and blood, strengthening the spleen and stomach, and nourishing muscles.

Ginseng has the effects of expectorant stomach, diuretic, excitement, etc. It is suitable for adjusting blood pressure, restoring heart function, neurasthenia and physical weakness.

Ejiao longan ginseng porridge has the effect of nourishing qi and blood, delaying aging, nourishing the brain and nourishing the skin, as well as beauty.

This kind of porridge can have the effect of nourishing qi and blood, which is very suitable for women. It can also be used for beauty and beauty. Regulating qi and blood is a good health recipe.

Everyone understands the practice of longan ginseng porridge and its nutritional value. Regularly eating this kind of food can not only enrich the rich nutrients, but also make your appetite widen, nourishing qi and nourishing blood and delaying the debilitating and old beautyAnd it can also have the effect of brain health and intelligence.

[Three major bad eating habits induce colon cancer, maybe you will be recruited]

[Three major bad eating habits induce colon cancer, maybe you will be recruited]

Colon cancer is a common malignant tumor of the digestive tract. Due to changes in people’s diet, the incidence of colon cancer is also rising, and nearly 600,000 people die of colon cancer each year.

Therefore, prevention of colon cancer should start with daily eating habits.

Bad eating habits that induce colon cancer1. Many people eat too much for dinner. Many people will arrange a “dinner meal” at night. In fact, dinner should not be too full because eating too much will stimulate excessive secretion and increase the burden on insulin cells.And then failure can cause diabetes.

At the same time, dinner is too full, and some proteins cannot be digested well. These proteins are prone to produce toxic substances under the action of tandem bacteria, and when people fall asleep, their peristalsis also slows down, thereby further prolonging the initial stay of toxic substancesOver time, it is likely to induce colon cancer.


[Five foods are the most ruinous kidneys for men]_Recommended diet

[Five foods are the most ruinous kidneys for men]_Recommended diet

Men’s kidney health is very important. When the kidneys show complications, it will not only affect the health of the kidneys, but also adversely affect other organs, just like dominoes, so it must be in daily life.Pay attention to the conditioning of the kidneys, and especially pay attention to dietary taboos. Let’s take a look at the five kinds of food that destroy the kidneys of men.

1. The first is soft bread, which is a kind of food we eat more often because of the shorter work. We often eat such food to satisfy hunger, but we must also understand that many kinds of additives often appear in soft bread, especially oneAdditive called potassium bromate, this additive is very harmful to the health of the kidneys and can cause kidney damage unknowingly.

2, followed by soy products. Soy products are foods we often eat. Properly eating some is beneficial to the health of the body. However, if too much food is consumed, or patients with decreased kidney function consume too much soy products, they will oftenIncreasing the burden on the kidneys will cause some nitrogen-containing wastes not to be discharged in time, causing kidney damage.

3, oversalty food, many men have a heavier taste, often like to eat some more salty food, such as some pickled foods, or some sausage foods, some foods contain a lot of sodiumThis will exacerbate the burden of high blood pressure and eventually lead to kidney damage.

4. Fried foods are foods we often eat. Trans fatty acids in fried foods are an important reason for making people fat, and trans fatty acids are difficult to replace outside the body after entering the body. When the kidneys filter these harmful substancesCan cause kidney damage.

5, cold food, the weather is relatively hot at that time, many men like to drink some cold drinks, cold drinks not only hurt the stomach, but also hurt the kidney itself is also very large, because too cold will cause high blood pressure caused by bad stimulation, will affect the kidneyThe blood circulation, over time, can easily cause the kidneys to suffer very great harm.

[Some women are easily reduced to Primary Three]

[Some women are easily reduced to Primary Three]

Whether it is because of the so-called “love” or to satisfy one’s selfish desires, some women know that the other party has a marriage and family and they must find ways to break up other people’s families.

If you want to defend your marriage, you need to know yourself, and teach you how easy it is for this woman to become a junior.

The first category: Women who lacked love from an early age Some women lacked the love and attention of their fathers and mothers from an early age. When they grew up, they became very insecure.

When she finally encounters a mature and considerate man who cares for her, she will desperately grasp this precious “life-saving straw” like someone who is about to be drowned.

Even if this man is already married and has a happy family, she will not hesitate to find ways to stay with this man, even as a third party who can’t see the light.

Of course, her heart was anxious that the man could divorce quickly, and performed a minor third master’s note by herself.

But only, because they lacked love from an early age, they could not love others like normal people.

That is, the ability to love is missing.

Most of them cannot accept the fact that they can only be a Primary Three forever, so they often use special means to consolidate men’s divorce.

Unfortunately, men usually choose their own family.


[How to peel grapefruit]_How to peel_Peeling method

[How to peel grapefruit]_How to peel_Peeling method

Grapefruit is a very popular fruit and a fruit that will be available in the fall.

Grapefruit has a high nutritional value, and its sugar content and trace amount are relatively low, so it is a very healthy fruit.

But when eating grapefruit, many people are not very good at peeling it.

In fact, peeling grapefruit skin still needs to master certain skills.

Below, I will introduce three peeling methods of grapefruit peel!

First, how to peel the grapefruit: Method one, use a knife to make a circle in the center of the epidermis after cleaning, the depth is about one centimeter; 2, draw a cross in the middle of the circle is also one centimeter deep;It becomes very, very labor-saving; 4. After removing the white “cotton” outside, you can eat.

Second, how to peel the grapefruit: Method two 1. After tearing the outer packaging, cut out a piece of grapefruit, as shown in the figure.

2, the plane cut upwards to the bottom of the knife to cut down, can not be too deep, fear that it will rotten grapefruit meat.

3, 360 degrees at a distance to make a knife, so it is cut grapefruit.

4. Then peel the grapefruit peel one by one according to the scratches, as shown in the figure.

5. After the grapefruit is removed, the skin can be combined into a whole grapefruit, and it can be used as a lantern for children. There is a pumpkin lantern for Halloween.

6, can also be used to make a hat for children to play and take pictures.

Third, how to peel the grapefruit: Method three Wash and dry the grapefruit, and use a fruit knife to make a circle from the middle to prevent the fruit from being scratched. This has been tried twice, and then inserted with a spatula from the middle.Turn the knife marks around and a small bowl comes out. You can remove the grapefruit in the same way.

Fourth, how to peel the grapefruit: Method 4 Wash and dry the grapefruit, cut off the tip of the head with a fruit knife, and draw four blades from top to bottom to avoid hurting the flesh. Insert one of them with a rice shovel and easily replace it.Peel the whole grapefruit.

Then use a cotton thread on the top to pull it down in the middle of the grapefruit petals, and you can easily open the grapefruit.

Or just use a rice shovel.