Wu Dajing fell again, Liu Shaolin won the gold medal in Shanghai Station 500 meters

Wu Dajing fell again, Liu Shaolin won the gold medal in Shanghai Station 500 meters
For two consecutive days, Wu Dajing fell one after another without a gold medal.Picture / Visual China After falling off the track yesterday, Wu Dajing fell again today.Wu Dajing fell again in the men’s 500m quarter-finals in the second final day of the short-track speed skating World Cup Shanghai station just ended, and missed the semifinals.In the first final of 500 meters yesterday, Wu Dajing competed with kidney player Liu Shaolin on the last lap and fell out of the track.”In the last two laps, Wu Dajing always wanted to pass me from the outer circle, and I also wanted to protect my position.In the last half of the lap, I felt that he was over and I didn’t move much, so I put my hand down.It is estimated that Wu Dajing’s slippery circle is a bit big, he slipped out by himself.”Liu Shaolin said that he has never seen Da Jing fall on the ice like this. He has never seen him lying on the ice after the end.After the game, Wu Dajing was rushed to the hospital.The inspection results showed that Wu Dajing would not hurt the crotch, and the waist was injured.This World Cup has set two finals of men and women 500 meters.According to the opinion of the national team, Wu Dajing may not participate in today’s second 500-meter race, but Wu Dajing insists on participating.In an interview before the game, Wu Dajing said that at home, his mentality and state will be better, “I hope to regain confidence in Shanghai.”” At the 2017 World Cup Shanghai Station, Wu Dajing got the gold medals of 500 meters and 1000 meters on the ice of the Oriental Sports Center.But for various reasons, Shanghai hosted the World Cup last year.In the quarter-finals today, Wu Dajing played with injuries.In the first half of the match, Wu Dajing remained in third place.But on the last lap, Wu Dajing fell out of the track again when trying to overtake. No one from the Chinese team advanced to the semi-finals in this project.After that, Wu Dajing returned directly to the dressing room without interviewing.As yesterday, today ‘s men ‘s 500 meters finally happened again for the second time in a dramatic scene.For the most part of the game, Ashgariyev and South Korea’s Li Junrui had led the way, with Liu Shaolin in third place.When there were more than 20 meters away from the finish line, Ashgaliev and Li Junrui collided, Liu Shaolin took the opportunity to cross the finish line and won the men’s 500 meters two gold medals in Shanghai.In the women ‘s 500-meter final that ended earlier, Chinese player Fan Kexin won the championship and Qu Chunyu won a bronze medal.

[Hand, Foot and Mouth Disease Recipes]_ Diet Conditioning _ How to Condition

[Hand, Foot and Mouth Disease Recipes]_ Diet Conditioning _ How to Condition

Hand, foot and mouth disease is a common disease in infants and young children. It is contagious. After getting hand, foot and mouth disease, it should be treated with medication in a timely manner, and diet should be strengthened in normal times. Parents should pay more attention in this regard. Good diet can improveThe child’s immunity can achieve a good adjuvant treatment. There are many foods in this area. Let’s take a look at the recipes for hand, foot and mouth disease.

Hand-foot-mouth disease recipe one, hand-foot-and-mouth disease diet square carrots, 15g of white grass root, 1 section of bamboo cane, 15g of raw barley kernels, 1 daily, Jianshui substitute tea.

5 rushes, 3g cicada, 1 kapok, 10g chicken bone grass, 50g lean pork, soup.

Lotus leaf porridge: 2 fresh lotus leaves, 50 grams of white rice, chopped lotus leaves, cook porridge to eat.

Above 3 every year?
For a 6-year-old child, the dosage can be increased or decreased according to the age.

Second, what is good for hand, foot and mouth disease? Good health in the first stage.

Mouthaches, fear of eating.

Dietary points: Mainly liquid foods such as milk, soy milk, rice soup, egg flower soup, eat less and eat more, and maintain basic nutritional needs.

In order to reduce mouth pain when eating, the food should not be hot, not cold, and the taste should not be salty or sour.

Here’s a little tip-use a straw to suck and reduce food contact with the oral mucosa.

The second stage burned out.

Mouthache comforts.

The diet is dominated by muddy foods.

Manifestation: milk banana paste.

Milk provides high-quality protein; bananas are easily made into a paste and are blended with carotene and pectin to provide heat, vitamins, and laxative.

The third stage of recovery.

Eat more often.

Do not need too much, and high nutrition.

Such as egg custard, add a small amount of ground vegetables, crushed tofu, crushed mushrooms and so on.

Normal diet resumes in about ten days.

It is also said that three, hand, foot and mouth disease is best not to eat food 1, fasting cold, spicy, sour and salty irritating food.

2. Pay attention not to eat fish, shrimp and crab during treatment.

How to prevent hand, foot and mouth disease 1, develop good hygiene habits, wash your hands with hand soap or soap after going out after meals, and do n’t let your baby drink raw water or cold food

2. Before the caregiver contacts the child, change the diaper for the child and wash their hands after handling the child’s stool.

3. Avoid contact with children suffering from hand, foot and mouth disease. Do not bring your babies to crowds and public places with poor air flow during the epidemic.

4. Keep the family environment sanitary, the room should be ventilated frequently, and the clothes should be regularly washed.

5. When your baby has related symptoms, go to a medical institution in time.

[How to eat shrimp paste]_Shrimp paste_How to_Practice

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[Can pregnant women eat American ginseng stewed chicken]_Pregnancy_Can you eat

[Can pregnant women eat American ginseng stewed chicken]_Pregnancy_Can you eat

Pregnant women during pregnancy need special supplementary nutrition, because during pregnancy, pregnant women and babies want to use the nutrients absorbed by one body, so lack of nutrition will lead to insufficient growth and development.

American ginseng supplements are very beneficial for pregnant women. American ginseng can not only nourish qi and blood, but also enhance pregnant women’s physical immunity.

Let ‘s see if pregnant women can eat American ginseng and stewed chicken?

Pregnant women can drink ginseng and chicken soup.

The effect of American ginseng is: nourishing qi and nourishing yin, and clearing fire and promoting fluid.

Absolute ginseng is warm and dry, and American ginseng does not cause symptoms of getting angry, so for the constitution of young people who are easy to get angry, American ginseng is ideal.

The effect of chicken is: warming and nourishing qi, nourishing and filling the marrow.

American ginseng and chicken, one cold and one warm, have a good coordination effect at the first level, and their nutritional value is also relatively high, so they can be used as dietary and peacetime tonics.

Suggestions: But there is no point, do not take too much, as the body can not be absorbed, resulting in excess nutrition.

Secondly, the amount of meat is unfortunately high, and taking too much has a certain impact on the body.

So tonic.

American ginseng stewed chicken soup is edible, which helps to strengthen the physique during pregnancy, but it should be appropriate and not eaten too much.

It is recommended to pay attention to rest during pregnancy, eat a balanced diet, pay attention to personal hygiene, and keep the vulva clean; keep a happy mood during pregnancy, stay away from radiation, keep warm, avoid colds, avoid exercise, and do regular prenatal inspections.

If it ‘s just a cold symptom, drink plenty of water, drink freshly squeezed orange juice, lemon juice to supplement vitamin C, and stay in bed. Generally, the countryside or traditional Chinese medicine that can heal about a week or cold is not suitable for eating eggs. It is unscientific to eat eggs.Scientific basis.

Pregnant women can eat eggs normally if they catch a cold.

During pregnancy, pregnant women have reduced disease resistance and are very susceptible to colds. Pregnant women can drink old hen soup when they have a cold. After a pregnant woman has a cold, it has two effects on the fetus: first, the virus enters the body directly through the placenta, which may cause highBlood pressure congenital heart disease and rabbit lips, hydrocephalus, no brain and microcephaly deformities; the second is the indirect effects of toxins caused by high fever and metabolic disorders caused by colds, high fever and toxins can stimulate uterine contraction, causing abortion and premature birth.

[How to fry children’s dishes

[How to fry children’s dishes

Child food is a common mustard vegetable. The nutritional value of child food is very high. Child food contains a lot of nutrients. Regular consumption has the effect of deflagration. It has many health benefits.There are many ways to eat usually. Children’s dishes are more delicious, especially when they are noisy. The taste is very delicious. There are also many ways to eat children’s dishes. How can they be fried?

How can the dishes be fried?

Bacon stir-fried bacon in Sichuan smoked bacon always has a bit of firewood bitter taste, and the salty taste is relatively heavy, with a stir-fried garnish with seasonings such as dried peppers, the firewood smoked taste of baconA special sweet meat flavor was inspired, and the sliced edible vegetables were soft and crispy after being cooked, and the complex oily spicy meat flavor was included in their own flavor.

Put chopsticks on the baby dishes and bacon, which makes people want to eat an extra bowl of rice.

Stir-fried pork belly with pork belly and pork belly is also a good partner for children’s food.

The Sichuan and Chongqing people sliced pork belly into thin slices, marinated with cooking wine and watercress sauce, then fry it in a pan, pour the sliced chopped vegetables, and finally add watercress sauce, peppercorns, and other spices. Fry for a few minutes.A plate of fresh and delicious dishes.

If you do n’t like meat, you can stir-fry the lettuce. Use hot oil to explode the garlic cloves and dried peppers. Once the lettuce is poured in, the spicy flavor of the peppers will go in after cooking.

When you eat it, it is sweet and spicy, and you say, what other vegetables can have such a wonderful flavor.

Nutritional value of children’s dishes1.

Detoxification and swelling, anti-cancer and anti-cancer: lettuce is rich in dietary fiber, which can promote colonic peristalsis, reduce the dwell time of feces in the colon, replace poisons, reduce the concentration of carcinogens, and thus play a role in anti-cancer.Prevent colon cancer, breast cancer, liver cancer; 2.

Detoxification: Rutabaga contains a substance called glucosinolate, which can produce substituted mustard oil after decomposition, which can promote gastrointestinal digestion and absorption.

In addition, kohlrabi also has a special fragrant smell, which can increase appetite and help digestion; 3.

Diuretic and dehumidification: children’s dishes contain calcium, phosphorus, iron and other trace elements, which can be diuretic and dehumidified after being absorbed by the body; promote body water and absorption balance, can be used for complications such as urination, aching pain, and endless leaching.

[How to make ginger onion and red scallion soup]_Home made ginger and onion red scallion soup

[How to make ginger onion and red scallion soup]_Home made ginger and onion red scallion soup

Cooking can be very simple. Pour the dishes into a pan, stir-fry or cook them.

But do you really like to eat this kind of gradient?

In order to make a dish, you must have a fixed method and skills.

Then, let me teach you how to make ginger, onion and red soup.


Chop ginger and chives.


Wash and peel the red pupa.


Slice the red coriander and shred ginger into a bowl.


Add lard in a hot pot, add peppercorn, ginger, and salt to the oil.


Add water and bring to a boil.


Add the cut red scallion slices and bring to a boil.


Cover the pot and cook on a medium heat until the red tincture is soft and rotten, then add the casserole.


Pour the cooked red wonton soup into a bowl and sprinkle with chopped ginger and green onion.

Thank you for reading this article and learning the making method of ginger onion and red soup with you. It is my greatest joy to share the food with you.

[Can pork liver and shrimp skin be eaten together]_Shrimp_Taboo

鐚倽鍜岃櫨鐨槸鍙互涓€璧峰悆鐨勶紝涓€璧峰悆涓嶄細浜х敓鐩稿厠鐨勪綔鐢ㄧ殑锛岃€屼笖涓€璧峰悆You are not sure how to do it, but you are not sure how to do it. It ‘s very easy to do it. It ‘s simple. It ‘s easy to do it.You can’t do it, you can’t do it, you can’t do it, you can’t do it, you can’t do it, you can’t wait for it.€肩殑锛岀敓娲讳腑缁忓父鍚冪尓鑲濓紝琛ヨ鍏昏鐨勫姛鏁堟槸闈炲父濂界殑銆傜尓鑲濅笉鑳藉拰浠€涔堜竴Bifeng 悆 1 銆 佺 尓 間 間?灞辫嵂鐚倽涓嶈兘涓庡北鑽悓鍚冦€傚北鑽瘜缁寸敓绱燾锛岀尓鑲濅腑鍚摐銆侀搧銆侀攲绛夐噾灞炲井閲忓厓绱狅紝缁寸敓绱燾閬囬噾灞炵瀛愶紝鍒欏姞閫熸哀鍖栬€岀牬鍧忥紝闄嶄綆浜嗚惀鍏讳环鍊笺€傛晠椋熺尓Insulted: Do you have a braid?Inlaid?閾嗛奔鐚倽涓嶅疁涓庨搯楸煎悓椋熴€傞搯楸间腑鍚绉嶇墰鐗╂椿鎬х墿璐紝鍜岀尓鑲濆悓椋燂紝鍙檷浣庣尓鑲濈殑钀ュ吇浠峰€硷紝骞跺鏄撳鑷磋吂鐥涖€佽吂娉汇€?Inlaid?楹婚泙鑲夌尓鑲濅笉鑳戒笌楹婚泙鑲夊悓鍚冿紝鍚﹀垯浼氬紩鍙戞秷鍖栦笉鑹€?Inlaid?What is the difference between frustrating and frustrating?杈f灏辨槸鍏朵腑鐨勪竴绉嶃€傜尓鑲濅腑鐨勯摐銆侀搧鏋佸鏄撴槸杈f涓殑缁寸敓绱燙姘у寲锛岄檷浣庤惀鍏讳环鍊笺€?Inlaid?绾㈤厭涓嶈灏嗙尓鑲濅笌绾㈤厭涓€璧烽锛岃繖浼氶檷浣庝汉浣撳閾佺殑鍚告敹銆?Inlaid?娌欎竵楸肩尓鑲濅笉鑳戒笌娌欎竵楸煎悓鍚冿紝鍚﹀垯浼氳韩浣撲笉閫傘€?Inlaid?鑽為害鐚倽涓庤崬楹︿竴璧峰悆浼氬奖鍝嶆秷鍖栥€?Inlaid?璞嗚娊鐚倽涓嶈兘涓庤眴鑺藉悓鍚冿紝鍚﹀垯浼氭湁鎹熻惀鍏荤礌鐨勫惛鏀躲€傚洜涓虹尓鑲濅腑鐨勯摐浼氬姞閫熻眴鑺戒腑鐨勭淮鐢熺礌c姘у寲锛屽け鍘诲叾钀ュ吇浠峰€笺€?Inlaid?灞辨鐚倽涓嶈兘涓庡北妤傚悓鍚冦€傚北妤傚惈缁寸敓绱燙涓板瘜锛岀尓鑲濆惈鏈夎緝澶氱殑閾溿€侀搧銆侀攲绛夐噾灞炲井閲忓厓绱?缁寸敓绱燙閬囧埌閲戝睘绂诲瓙锛屽垯鍔犻€熸哀鍖栵紝浼氫娇缁寸敓绱燙鍜岄噾灞為兘閬埌鐮村潖銆?

Hongya CNC (002833): Single quarter performance +3.

6% keeps stable production capacity continues to expand

Hongya CNC (002833): Single quarter performance +3.

6% keeps stable production capacity continues to expand

Investment Highlights 2019Q3 company’s revenue for three years +2.

1%, net profit attributable to mother +10 for ten years.

6%, maintaining stability: the company’s operating income in the first three quarters of 20199.

800 million, +5 in ten years.

9%, net profit attributable to mother 2.

5 trillion, +1 a year.

9%, net profit of non-attributed mothers2.

1 ‰, at least -2.

6%, including 19Q3 operating income3.

3 ‰, +2 a year.

1%, net profit attributable to mother 0.

9 trillion, +3 for ten years.

6%, net of non-attributed net profit 0.

7 ‰, at least -7.


Company 19Q3 gross profit margin 37.

4%, higher than -4.

8pct, mainly due to cost increases.

The three fees + R & D rate are well controlled, and the expanded production capacity added to construction projects: the company’s 19Q3 sales expense rate, management expense rate, research and development expense rate, and financial expense rate were 3.

5%, 3.

7%, 4.

9% and -0.

2% per year -0.

90 points, -1.

60pct, +0.

18pct, +0.

03pct, three fees + R & D rate total.

9%, twice -2.


While strictly controlling the three rates, the company continues to increase its research and development 杭州桑拿网 efforts and strengthen high-end products to respond to changes in downstream demand.

The company’s overall revenue has been expanded to a limited capacity. In order to expand revenue, the company has increased its capacity expansion.

19Q3 company under construction 0.

3.9 billion, +77 per year.

7%, mainly due to the increased investment in industrial construction projects of Chengdu Honglin Machinery Co., Ltd. and the start of construction of new projects of Guangzhou Master Intelligent Equipment Co., Ltd .;

0 million yuan, ten years + 114.

7%, mainly due to the merger of Guangzhou Yaguan Precision Manufacturing Co., Ltd. in this period; intangible assets1.0 million yuan, +39 a year.

8%, mainly due to the acquisition of domestic land use rights by Guangzhou Master Intelligent Equipment Co., Ltd.

It is expected that 北京桑拿洗浴保健 the company’s production capacity will further increase after the new plant is promoted in the future and the Guangzhou AFC Precision is merged.

High-end response to changes in demand, overseas business development accelerates, production capacity expansion in preparation for future order growth: the company’s main board furniture machinery special equipment sales, focusing on the custom furniture market, belongs to the post-real estate industry.

Downstream furniture demand lags behind real estate sales data moves.

According to statistics from the National Bureau of Statistics, since February 2019, the floor space of commercial housing sales has continued to grow negatively for eight consecutive months, and the overall sales of commercial housing are still at the bottom. As a result, the overall demand for the downstream furniture market has slowed down, but the growth rate of sales of commercial housing in first-tier cities has remained stableThe company strengthened the R & D and promotion of high-end products such as edge banding machines and aimed at the stable demand in the high-end custom market.

In addition, the company’s overseas business revenue accounted for 28 in the first half of the year.

58%, after the company acquired Italy MASTERWOOD company to accelerate the deployment of overseas markets.

At the same time, the company purchases and builds plant equipment to make up for the production capacity. At present, the company’s production capacity is maximized and the production and sales rate is relatively high. It is expected that new production capacity will be gradually added in place and the company’s revenue will continue to maintain a steady growth trend.

Earnings forecast and investment rating: The company actively expands overseas business, strengthens the profitability of core products, and actively prepares for capacity expansion to meet rising demand for downstream customization and import substitution of domestic equipment.

We expect net profit for 2019/2020/20212.



0.99 million yuan, corresponding to an EPS of 2.



95 yuan, corresponding to PE is 16/13/11 times, maintain “Buy” rating.

Risk reminder: domestic and foreign market risks, industry competition risks, technology research and development risks, and land demand affected by household demand fluctuations are less than expected risks

Guotai Junan (601211): Brokerage business maintains leading investment income growth

Guotai Junan (601211): Brokerage business maintains leading investment income growth

Investment points: The company’s brokerage business continues to maintain the forefront of the industry, the advantages of bond underwriting continue to be maintained, the advantages of active management are obvious, and self-employed business revenue has increased significantly.

The reasonable value range is 23.


89 yuan, maintaining the “preliminary market” rating.

[Event]Guotai Junan achieved operating income of 141% in the first half of 2019, every + 23%; net profit after deduction is 46%, + 47% each time; corresponding to EPS 0.

56 yuan.

In the second quarter, it realized operating income of US $ 7.4 billion, + 42% for the whole year; net profit attributable to mothers was US $ 2 billion, + 15% per year.

The increase in the company’s net profit was mainly due to the increase in brokerage business and self-operated growth.

In the first half of 2019, brokerage / investment bank / asset management / index / self-operating income accounted for 22% / 8% / 6% / 18% / 32% of operating income, respectively.

The number of customers in the retail business has steadily increased, the structure has continued to be optimized, and revenue has increased significantly.

The 苏州夜网论坛 company has built a retail customer service system in depth, with a steady growth in customer size and continuous optimization of its structure.

At the end of the period, the monthly activity of Junhong APP, a mobile terminal, ranked among the top 2 in the industry.

At the same time, the company strengthened the construction of the investment advisory team and optimized the sales mechanism of financial products. In the middle of 2019, the number of investment consultants of the company was 2,380, an increase of 11% over the end of the previous year; the investment consultants contracted clients18.

10,000 households, an increase of 21% over the end of the previous year.

Brokerage business accounted for 5.

75%, ranking first in the industry.

The company’s brokerage business achieved revenues of 3.2 billion, + 24% annually.

By grasping the potential of the science and technology innovation board and increasing investment in the IPO business, the overall competition is steadily rising.

In the first half of 19, investment bank income was 11 trillion, + 1% a year.

The stock and debt underwriting scales are -68% and + 83% each year, respectively.

The scale of equity underwriting was 22.5 billion, ranking seventh; 2 of them were IPOs, 1.7 billion were underwriting, 9 were refinancing, and the underwriting was 21.3 billion.

The scale of bond underwriting was 166.9 billion, ranking 6th; the scale of underwriting of corporate bonds, financial bonds, and local government bonds amounted to RMB 554.5 billion and RMB 18 billion respectively.

There are 55 IPO reserve projects, ranking 12th, including 7 main boards, 2 SME boards, 4 GEM boards, and 2 science and technology board.

The proactive management capability has been steadily improved, and the asset management business is the third largest in terms of the scale of funds entrusted to it.

In 19H1, the company achieved asset management income of 900 million yuan, a year-on-year increase of + 8%.

The company adheres to value investment, optimizes the investment research system, continuously enriches its product lines, and steadily improves its active management capabilities.

As of the end of June 19, the scale of entrusted asset management was 763.7 billion, + 2% over the end of the previous year, of which, the scale of actively managed assets was 404.2 billion, + 30% over the end of the previous year.

The securities market drives the growth of investment income and the growth of profits.

In the first half of 2019, the company’s investment net income (including fair value) was 45 ‰, + 50% per year.

The company adheres to the development of low-risk, non-directional business, and has steadily improved its asset transaction pricing capabilities.

The company actively optimized long-term asset allocation, and both fixed income and equity derivatives achieved better investment returns.

Due to the fluctuation of the securities market, the fair value of transactional and derivative financial instruments has changed.

[Investment recommendation]We expect the company’s annual net profit for 2019-2021E to be 0.

95, 1.

08, 1.

11 yuan, the absolute net assets are 14 respectively.

94, 15.

77, 16.62 yuan.

With reference to the estimated level of comparable companies, and considering the obvious advantages of underwriting corporate bonds, the brokerage market is ranked first, and we give it January 2019.


8xP / B, corresponding to a reasonable value range of 23.


89 yuan, maintaining the “preliminary market” rating.

Risk Warning: The continued downturn in the market will lead to the expansion of business scale and further strengthening of market supervision.

Panjiang Co., Ltd. (600395) Company Express: Production Overlapping Overlap Cost Controls Gross Margin Hits New High for This Round of Cycles

Panjiang Co., Ltd. (600395) Company Express: Production Overlapping Overlap Cost Controls Gross Margin Hits New High for This Round of Cycles
In the first three quarters of 2019, the company’s profit increased by ten years.27%: 1-3Q companies realized revenue 49.44 ppm, an increase of 11 years.26%, net profit attributable to shareholders8.9.6 billion, an annual increase of 23.27%; gross margin is 38.05%, an increase of 3 a year.Nine averages, the highest level since 2013; net margin was 18.13%, increase by 1 every year.78 averages; EPS is 0.54 yuan. The profit growth comes from the increase in coal output and cost reduction: 1-3Q company’s coal output increased by 563, with an annual increase of 17.05%, coal sales is a growth rate of 611, an annual increase of 14.twenty one%.The comprehensive coal sales price was 777 yuan / ton, a year-on-year decrease of 2.39%, the cost per ton of coal is 490 yuan, which will decrease by 6 in the future.67%, gross profit per ton of coal was 287 yuan, an increase 深圳桑拿网 of 5 over.The gross profit per ton of coal was 9%, the highest level since the second quarter of 2017. Q3 2019 prices fell for two consecutive quarters on a quarter-on-quarter basis, and cost control brought an increase in gross profit per ton of coal: in Q3 2019, the coal segment of the company achieved revenue of 15.8.3 billion, down 0 from the previous month.09%; realized gross profit 6.1.8 billion, an increase of 8 from the previous month.84%.Q3’s coal production budget was 194, an increase of 3 from the previous month.74%, sales growth of 213, an increase of 4 from the previous quarter.93%; the sales price per ton of coal was 745 yuan, a decrease of 4 from the previous month.36%; the cost per ton of coal is 454 yuan, down 9 from the previous month.21%; gross profit per ton of coal was 291 yuan, up 4 from the previous month.30%.The quantity of coal purchased by Q3 is 17.97%, an increase of 5 from the previous month.96%, a decline of 7 per year.twenty three%. The company has great potential for endogenous growth and extension: the company’s projects under construction have a total capacity of 420 plug-ins, and the production capacity will increase by 46% after production.Construction officially started in December 2018 and is expected to be completed in 2022. There will be an increase of 90 mining areas in Jiazhuyu, Jinjia Mine.In terms of extended expansion, Panjiang Group has become the only provincial coal platform in Guizhou Province after merging the water mining group. The coal mining capacity of the water mining group is 1175 circuit breakers, 5 pairs of mines are under construction, and 405 is under construction.It will be put into production from -2021.In April 2019, when implementing the debt-to-equity swap, Mining promised to implement asset injection after the expiration of 3 years. The company’s geographical advantage is outstanding: after de-capacity, Southwest China has become the second largest new coal transfer area after Central China, and the net transfer volume has continued to increase from 2015 to 2019; coal production capacity below 30 in Southwest China still accounts forThe specific gravity is as high as 56.31%, the security risks are large, and then the integration space barrier is closed; the Guizhou regional market is constrained by transportation conditions and is relatively independent of the northern market. The bottom of the last round of coking coal prices is 97 higher than that of the northern region.Guizhou ‘s GDP growth rate ranks among the top three in the country for eight consecutive years. The province ‘s planned big data center will drive a 14% increase in electricity consumption in the province; Guizhou province accounts for 54% of coking coal reserves in the southwest and 64% of output.(2018), after the Guangxi Fangchenggang Steel Project is put into operation, the new coking coal demand will be 900 tons, equivalent to 12% of Guizhou’s coking coal production in 2018, when the regional supply and demand pattern will gradually tighten. Investment suggestion: We slightly increase the company’s profit forecast for 2019 based on cost conditions, and the adjusted company’s revenue from 2019 to 2021 will be and 0.59 yuan.Return on net assets were 14.2%, 12.9% and 12.5%.Calculate the company’s dividend replacement based on 70% of the dividend and the current one.57%, we re-invest the company’s overweight-A investment rating. Risk reminders: The company’s project production time exceeds expectations or meets standards beyond expectations; encountering mining disasters or faults leading to production failures; coal prices fall more than expected; changes in the company’s dividend policy.