Sofia (002572) 2019 Annual Report Commentary Comment: Q4 Revenue Growth Rise, Expense Control Effect Shows Profit Acceleration

Sofia (002572) 2019 Annual Report Commentary Comment: Q4 Revenue Growth Rise, Expense Control Effect Shows Profit Acceleration
The company announced that the 2019 performance report: 2019 revenue of 77.27 ppm, a five-year increase of 5.7%; realized net profit attributable to mother 10.7 ppm, an increase of 11 in ten years.6%, the net profit of non-attributed mothers 9 was realized.70 ppm, a five-year increase of 5.8%; of which Q4 achieved revenue of 24 in a single quarter.16 ppm, an increase of 9 in ten years.5%, to achieve net profit attributable to mother 3.50 ppm, an increase of 31 in ten years.0%, realizing deduction of non-returned net profit3.33 ppm, an increase of 33 in ten years.3%. Wardrobe linkage, cabinet business accelerated; expense control and profit stability.In Q4 2019, the company’s revenue increased by 9.5%, compared with the third quarter (+2.4%).We believe that the main reasons are: 1) The company’s gradual advancement and marketing policy improvement have obvious effects. In 2019, the company actively promoted the closet-socket linkage to realize the collaborative management of dealers. We expect that the revenue growth of Simi Cabinet in 2019 will exceed 20%With Q1-3 天津夜网 in 2019 increased by 12.1%); 2) In terms of brand and product, the company re-determines brand positioning and builds cabinet customization experts. The proportion of Kangchun board continues to increase, creating product appeal and increasing customer unit price; 3) In terms of channel management, channel managementManagement adjusted to eight regional centers, marketing decision-making process, and improved marketing efficiency.The company’s perspective on control of sales expenses and management expenses in 2019, the effect of fee control appeared, the net profit attributable to mothers increased in the fourth quarter of 20192.4 points to 14.5%. During the Spring Festival, online channel drainage was carried out in advance to reserve orders for the first half of the year; the national base was perfected to supplement the 淡水桑拿网 production capacity in Hubei.  In 2019, the company’s online drainage orders accounted for 25%. During the Spring Festival, the company actively launched online promotions to grasp online traffic.Initiate online drainage in advance to hedge against downward pressure on offline traffic caused by the new coronavirus-infected pneumonia epidemic.The company’s five major bases across the country have a well-organized layout, which can hedge the impact of shutdowns and late resumption of individual bases. Marketing shortcomings were initially made up, and the dealer system was consolidated to maintain buying!Since 2018, it has continued to open stores high, and the strength of overlapping dealers is outstanding; multiple categories, one city, and one business are conducive to bringing single diversions between categories and increasing customer unit prices.Leader adjustments, new heads of marketing in place, marketing policies and dealer management implementation in place.In the medium and long-term perspective, informatization and flexible factories create barriers to cost advantages, and the dealer system is more stable, highlighting long-term growth value.Due to the gradual transition of the company’s management, and the effect gradually emerged, we raised the company’s net profit profit forecast to return to mother to 2019-2021.7 billion, 11.98 ppm and 13.1.8 billion (was 10).1.9 billion, 11.77 ppm and 13.4.9 billion), currently sustainable (19.69 yuan) corresponding to 2019-2021 PE is 17 times, 15 times and 14 times, keep buying!

[How to make soybean curd?

]_ Practice Daquan _ production method

[How to make soybean curd?
]_ Practice Daquan _ production method

Soy rot is a very delicious ingredient. In our diet, soy rot is absolutely indispensable because tofu is completely delicious and has high nutritional value. It is suitable for children, and it is almost pure and non-polluting.

And delicious soy rot can be made independently at home with just a few simple steps.

In addition, in order to make delicious soybean rot, the production staff must have a certain level of basic cooking skills. Let ‘s take a look at how to make soybean rot, and interested people can learn about it.

1.

Raw material processing.

Take 5 kg of soybeans, remove the shell and sieve, wash and put them in a water tank for soaking, and soak in winter for 4?
5 hours, summer 2.

5?
3 hours.

The soaking time must be well controlled, not too long, otherwise the pulp will be lost and tofu will not be made.

250 grams of raw red gypsum (20?
30g) Put it into the fire for roasting. This is a key process. The degree of roasting of the gypsum must be grasped.

Gypsum burns too much and is not easy to use; if it is too cooked, it will not make tofu, soy milk or smelly chicken feces.

2.

Grinded bean paste.

After soaking the soybeans, remove them, grind them at a rate of 6 kg of water per kg of soybeans, fill the grated slurry with a bag (made from tofu cloth), squeeze the bag tightly, and squeeze the milk out.

After soy milk is squeezed out, you may open the bag, add 3 kg of water, mix well, and continue to squeeze the milk.

Generally 10 kg of soybeans yield 15 kg of dregs and 60 kg of soy milk.

When squeezing, do not allow tofu residue to mix into the soy milk.

3.

Boil the pulp.

Pour the squeezed raw pulp into a pot and boil, without covering the lid, skim the surface foam while cooking.

The fire should be large, but not too strong to prevent the milk from overflowing after boiling.

Soy milk is cooked to a temperature of 90?
110 ° C is sufficient.

Insufficient temperature or too long time will affect the quality of soybean milk.

Grind the burnt gypsum into powder and use a bowl of water (about 0.

5 kg) into a gypsum slurry, pour into the soybean milk just scooped out of the pot, gently stir with a spoon, and after a few minutes, the soybean milk coagulates into a tofu flower.

4.

Water tofu.

Within about 15 minutes, the tofu flower is coagulated with a spoon and gently poured into a wooden tub (or other container) that has been covered with cloth.
In 20 minutes, serve tofu.

5,

Dried tofu.

Put the tofu into a wooden basin, cover it with a cloth, cover it with wooden boards, pile up stones, and press down the water to make dried tofu.

Generally 10 kg of soybeans can make 25 kg of dried tofu.

Zhongshun Jierou (002511): The epidemic is not bad but good!

Strongly recommended!

Zhongshun Jierou (002511): The epidemic is not bad but good!

Strongly recommended!

The report reads through the review of SARS in 2003. We believe that the epidemic is good for Zhongshun Jierou, not negative. The epidemic will suppress the paddle price in the short term and stimulate demand. At the same time, we believe that the paddle blade price will be difficult to rebound in 2020-2021.The external environment of blade prices is beneficial to the company’s continued high growth.

The investment points are expected to be worse than the following: the epidemic is not good for Zhongshun 杭州夜生活网 Jierou rather than short-term. The company’s fundamentals benefit from the epidemic. From the historical experience of SARS in 2003, the epidemic will bring short-term domestic macroeconomics.Pressure, we believe this will lead to a short-term pressure drop in wood pulp prices and the company will benefit at the cost side.

From the demand side, household paper and personal care products are necessities of daily life, but they are just in need. Especially during the epidemic period, residents’ personal hygiene awareness has been significantly improved. Sales of household paper and personal care products have been strengthened.From the perspective of demand and demand, Zhongshun Jierou benefited from the non-coronary pneumonia epidemic.

Expected difference two: 2020-2021 It is difficult to predict the rebound of blade prices, and the company is expected to continue to grow at a high speed. From the mid-2020s of 2020-2021, the market is worried about rising pulp prices, which will adversely affect Zhongshun Jierou ‘s fundamentals.The growth rate will increase.

However, we think that by 2019, the domestic paper industry’s fixed asset investment quota will be readjusted.

4%, we predict that the domestic papermaking industry will increase its production capacity in 2020-2021, which will reduce the demand for global commodity blades. Second, according to our statistics on specific papermaking projects, in the 2020-2021 domestic papermaking capacity expansion, wooden paddles will be used.As a raw material, paper types account for 20% of the increase in total production capacity. Therefore, it is expected that China ‘s demand for wooden paddles will not be large in the next two years. Finally, a large amount of domestic wooden paddle (including bamboo paddle) production capacity will be released in 2020-2021 (weEstimated at about 400), and the current historical high in domestic port inventory, overlapping global commodity blade capacity will again increase in offset in 2021 (predicted around 170).

From the perspective of supply and demand, we believe that it is difficult for the blade price to rebound in the offset range from 2020 to 2021. This will continue to achieve rapid growth and a good foundation for Zhongshunjie’s performance.

For the time being, we maintain our earnings forecast unchanged, and we maintain the company’s 2019-2020 rating of 0.

48 yuan and 0.

The EPS profit forecast of 59 yuan currently reaches PE of 27 times and 22 times in 2019-2020. We believe that the current valuation of the company is relatively cheap, and the epidemic 苏州桑拿网 situation may lead to an increase in the company’s subsequent performance and maintain a buy rating.

Risk factors: Market competition exceeds expectations, and new product sales fall short of expectations.

[Six dead spots for men who do not touch love]_Men

[Six dead spots for men who do not touch love]_Men

There is a common phenomenon in life called “turning the face”, not because the man is angry, but because you touched his dead point.

Not all men have the courage to divorce. When a man who does not have a capital commission for divorce touches his dead point because of his wife, the man will deliberately be indifferent or evade his wife.

Therefore, as a wife, you must know what a man’s dead point is. Don’t touch it easily, a man will appreciate you forever.

Dead point one, do n’t communicate and call when men are socializing to urge them to go home. Men ‘s socialization is basically based on two transfers, one is to pave the way for career and the other is to pave the way for relaxation. Therefore, when men are socializing,His wife urged the phone. The man knew that he was concerned, but he was aloof in front of his friends.

A smart man will report to his wife before socializing, and a smart woman will send a greeting text message when her husband returns late.

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[Don’t just think about making women orgasm when making love]

[Don’t just think about making women orgasm when making love]

If the only purpose of a man’s sex is to ejaculate, then the woman will only study the “orgasm”.

There are two kinds of opinions that are often hanged on our lips, one is “the process is better than the result” and the other is “the result is above everything”.

Obviously, the two are contradictory.

Affected by the neo-liberal trend of thought originating in the United States, Japanese men value the outcome more than the process.

Men pay too much attention to ejaculation, which will greatly reduce the sex appeal.

And women who study only “orgasm” will also step into the biggest error zone of sex.

There is such a situation, after a cloud and rain, if only two people seem to have reached the so-called “climax”, but it is actually a typical garbage sex-first, oral sex, a woman holds a man’s younger brother in his mouthAfter a few strokes, the man opened the woman’s pussy and licked it until the other party reached the so-called “orgasm”. Finally, he inserted the younger brother into the vagina and ejaculated comfortably after a violent piston movement.

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[Chestnut lotus seed porridge]_ making method _ Daquan

[Chestnut lotus seed porridge]_ making method _ Daquan

There are many methods of chestnut. It can be said that it can be made into chestnut lotus seed porridge. This is a very good health and health porridge. It has a good health care effect on the body. It has a good spleen and kidney effect.It is good for nourishing the body and improving immunity, and it is very delicious to eat and the method is very simple. Let ‘s take a look at the practice of chestnut lotus seed porridge.

Ingredients of chestnut lotus seed porridge: one hundred grams of chestnut, twenty grams of lotus seeds after heart removal, one hundred grams of rice, twenty grams of fried lentils, moderate amount of rock sugarThe outer shell of the colon is cleaned in advance. Put it in the pot and add water to start cooking. After boiling, add the dehydrated lotus seeds and the processed and fried noodles together. Change to a low heat and simmer until it is cooked.Bingtang, boiled and ready to serve.

Efficacy can nourish the kidney and thicken the intestine, and have good effects on symptoms such as backache, spleen deficiency and diarrhea.

Chestnut Spleen and Kidney Recipe 1.

Lily chestnut tincture material: 100 grams of fresh lily, 150 grams of chestnut (shelled), 30 grams of yam, moderate amount of rock sugar.

Method: Wash the lily and chestnut meat and yam.

Put the three ingredients together in the casserole and add the right amount of water.

After boiling over high heat, cook over low heat for two hours.

Add the right amount of rock sugar and it is acceptable.

Efficacy: Runfei Yangyang, spleen and kidney.

2.

Tea tree mushroom chestnut chicken material: tea tree mushroom, chestnut, chicken half, spring onion, ginger, star anise, pepper, salt, soy sauce, old soy sauce, cooking wine, a small amount of sugar.

Method: Soak the dried tea tree mushrooms in advance, remove the roots and impurities, and wash them for future use.

Chestnuts are simmered in a microwave for two to three minutes and peeled for later use.

Wash the chicken in pieces, spare the onions, and cut the ginger.

Put water in the pot, add chicken noodles to the water, remove and wash and dry the water; put oil in the wok, heat the oil and add the onion ginger star anise and peppercorns; add the chicken noodles and stir-fry until the chicken noodles change color, and the water is collecteddry.

Add soy sauce, old soy sauce, sugar and cooking wine, stir fry until the color is uniform; add tea tree mushrooms and chestnuts and stir fry; add boiling water, no chicken nuggets, turn to medium and low heat and simmer for 30-40 minutes until the chicken crispsRotten; season with salt at the end of the fire, and add the shallots.

Efficacy: Tea tree mushrooms are beneficial for appetizing qi, nourishing yin and nourishing yin, strengthening the spleen and stomach, improving human immunity, enhancing the ability to prevent disease, and chestnuts for nourishing the stomach and spleen. This dish is most suitable for autumn health.

[Women will experience such changes in the four seasons]

[Women will experience such changes in the four seasons]

Nowadays, sexual life is no longer purely for the purpose of “pregnancy”, but still contains multiple meanings.

In any season, sex is an additive to life.

“Sex, the more you enjoy, the more you want.

“This is true for both men and women.

When having sex, sex hormones will strengthen secretion, thereby improving healthy and harmonious emotions.

How to ensure the quality of sex during the spring, summer, autumn, and winter seasons and adjust the sexual life differently, you must know the secrets of the four seasons of sex and female hormones in the four seasons.

Spring hormonal spring Awakening hormonal spring is the first stage, that is, the first to six days after menstruation (calculated based on the average five days) (ie, the 6-11 days of the physiological cycle).All plants and creatures in the world swell with various impulses, and the division of all cells begins to accelerate.

At this time, the female pituitary gland secretes a hormone FSH (Follicle Stimulating Hormone), which stimulates the woman to wake up from deep sleep.

Just after going through a “blood” movement, some may experience experiencing intense dysmenorrhea. Although they have the spirit, they may want to gossip with their friends in the boudoir.

Husbands who have been depressed for several days, must not be anxious about the “sleeping beauty” who just woke up, but must slowly cultivate his wife’s “sex” taste and regain his wife’s desire in the gentleness that is gradually heating up.

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[How to make dried mushrooms]_Dried_How to make

[How to make dried mushrooms]_Dried_How to make

I believe that everyone is no stranger to Tricholoma, especially those in northern regions, often cook Tricholoma to eat.

There are many ways to eat Tricholoma. Different eating methods require different ingredients, so the taste and nutritional value are different.

Below, I will introduce to you the three practices of Tricholoma sauteed pork, Tricholoma tofu soup and Tricholoma sauteed fungus.

First, the preparation materials of fried mushroom slices: 200 grams of pork belly, 300 grams of fresh mushrooms, soy sauce, sugar, salt, a small amount of spring onion, 2 slices of ginger, 1 clove of garlic, 2 red peppers, 1 aniseed.

Method: 1. Slice pork belly, wash all halves of fresh tricholoma, and put them in water.

2. When the oil is heated in the pot to 60%, add pork belly and stir fry.

3, then add onion ginger garlic, aniseed, red peppers and stir fry, at the same time pour in an appropriate amount of soy sauce and stir fry.

4, after putting fresh mushrooms, stir fry over high heat, and finally add an appropriate amount of salt, sugar and stir well.

Second, Tricholoma tofu soup preparation materials: 500 grams of northern tofu, 50 grams of mushroom, 25 grams of winter bamboo shoots, 25 grams of rapeseed, 2 grams of salt, 1 gram of MSG, 3 grams of chicken oil.

Practices: 1. Cut the tofu into small pieces, put it in a boiling water pot, remove it, and cool it with cold water, remove it, and control the water.

2. Wash, remove the scallops, blanch in the boiling water pot and remove.

3. Set the wok on the fire, pour in the broth, add the tofu cubes, boil the mushroom, and skim off the froth.

4, refined salt, green leaves, bamboo shoots, MSG burned into the taste, drizzled with cooked chicken oil, served in a soup bowl Serve.

Three, Tricholoma edodes, Tricholoma edodes and Tricholoma edulis eat together, which is particularly beneficial to the human body’s absorption of a variety of nutrients. There are many types of amino acids in Tricholoma, and there are many trace elements in Tricholoma.The effect is great for balanced nutrition.

Tricholoma and agaric fungus have multiple benefits to the human body at the same time. Anti-cancer and anti-cancer are one of the biggest benefits. Many enzymes, polysaccharides and proteins in Tricholoma are natural anti-cancer ingredients, which can increase cell activity and reduce vitamins.It is produced, and there is a large amount of iron in the fungus. This substance can increase the blood production of the human body, increase the body’s immunity, and also has great benefits in preventing cancer.

Tricholoma and agaric fungus have good lung-clearing effect. Both kinds of ingredients have some natural accumulated fibers. After entering the stomach and intestines, they are adsorbed to a variety of bacteria and garbage in the stomach, allowing them to be cultured in vitro casually.Can play an important role in purifying gastrointestinal excretion of toxins, can effectively reduce the occurrence of a variety of gastrointestinal diseases.

[Can durian and pepper be eaten together]_Edible peppers_Same food taboo

[Can durian and pepper be eaten together]_Edible peppers_Same food taboo

The combination of durian and pepper is generally not easy for everyone to try, but some small details in daily life are also unavoidable. After all, it is not uncommon for some food to be used together to cause food poisoning. So since some people have proposed pepper and durianI ‘ll give you the answer below. Can durian and pepper be eaten together?

Can be eaten together, durian is suitable for people, durian is suitable for colder people.

After illness and postpartum women should be used to nourish the body.

Not more than 100 grams per day.

Consumption taboos in Guangdong say: “one durian and three chickens”.

“Ci Hai” and “Compendium of Materia Medica” both said that this is not an exaggeration.

The pulp contains extremely high sugar, protein, starch, trace amounts, vitamins A, B, C, calcium, potassium, etc., which can improve the body’s immunity, suppress cancer and fight cancer.

Chinese medicine believes that regular consumption of durian can strengthen the body, strengthen the spleen and replenish qi, and nourish the kidney and impotence.

Durian fever can promote blood circulation and dispel cold, relieve menstrual pain, and improve coldness in the abdomen. It is an ideal supplement for those with cold constitution.

However, you should not eat more at one time. Because of its rich nutrition, the stomach will get angry when it cannot be completely absorbed.

People with certain diseases can even cause sudden death.

The Thai Ministry of Health advised the public not to consume more than two durians a day.

If you accidentally eat too much durian, which causes hot phlegm, dyspnea, redness, and bloating, you should immediately eat a few mangosteens to resolve, because the mangosteen is a cold thing, it can restrain the heat of durian.

Only the Queen of Fruit can surrender the King of Fruit.

Can also be used durian skin + saline decoction.

1, dry throat, dry tongue, sore throat and other fever constitution and Yin deficiency constitution with caution; 2, diabetes, hypertension and hypercholesterolemia patients ingested.

3, durian can not be eaten with wine: because wine and durian are both hot and dry, if diabetic patients eat the same, it will cause blood vessels to split, severely burst blood vessels, stroke conditions are not suitable for consumption.

4. Hot gas quality, sore throat, cough, cold, yin deficiency constitution, and durian with sensitive trachea will make the disease worse, which is not beneficial to the body and is not suitable for consumption.

5, Chinese medicine believes that: Durian is warm in nature, if you eat too much, it will make dry fire rise, and the symptoms of dampness will appear.

To relieve discomfort, drink seaweed mung bean soup or prunella soup.

6. Durian contains high levels of transition and sugar, so people who eat too much should eat less.

7. Durian contains high potassium, so people with kidney disease and heart disease should eat less.

8. It is not advisable to eat durian at one time. If you smell the durian has an alcoholic flavor, it means that it has deteriorated and cannot be eaten.

9, the elderly should pay special attention to, durian juice is thick, easy to block the throat, trachea and cause suffocation, so the elderly must eat less and eat slowly