Daily limit rebound: Shanghai stock index Wulianyang medical waste concept stocks staged a daily limit tide

Daily limit rebound: Shanghai stock index Wulianyang medical waste concept stocks staged a daily limit tide

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  Sina Finance News February 7 news, the three major indexes opened mixed, after opening, the index maintained a volatile situation, disinfectant, cloud office sector continued to be strong.

The index is about to close in the morning, and the index’s decline has expanded.

Afternoon, the market recovered again after a weak shock. All three major indexes turned red and ended in a tail. The index remained volatile. In general, stocks in the two cities rose more and less, market sentiment improved, and the profit-making effect rebounded.

The final close, the Shanghai Composite Index reported at 2875.

96 points, up 0.

33%; Shencheng Index reported 10611.

55 points, up 0.

10%; 2015 Index.

80 points, up 0.

18%.

  From the perspective of the disk, medical waste treatment, cloud office, cloud computing and other sectors are at the top of the list, and biovaccine, influenza, and Chinese medicine are the top of the list.

  First, the daily limit data of the Shanghai and Shenzhen daily limit of 186 (covering new shares and ST), 4 limit, an increase of 2308 stocks, flat 151, down 1406 stocks.

  Second, the attractions sector: 1, mask Teda, Ogilvy Medical, Xinlong Holdings, Zhende Medical, Nanwei and other collective daily limit.

  According to the information, according to the requirements of the epidemic protection, under the guidance of local governments, plans to expand the capacity of medical masks, protective clothing and other products are being implemented. However, due to the need for funds, workers, and raw material supplies, and some inter-provincial logisticsNon-productive factors such as transportation accidents. Although the government supports and coordinates the production of medical masks and protective clothing, objectively recovering and expanding production capacity still requires a cycle.

  2. Cloud computing Youkude, Dr. Peng, Halo New Network, Honghe Technology, Fangzhi Technology, Nanxing Co., Ltd., Murray Cloud, HNA Technology and other stocks.

  Third, today’s daily limit stock analysis Today’s daily limit stock analysis name rise current price daily limit analysis open number N Rockchip 44.

01% 13.

94 chips 0 Arcsoft Technology 20.

00% 87.

72 others 0 Lanqi Technology 20.

00% 108.

54 science and technology board 0 excellent carved 20

00% 88.

51 science and technology board 9 Shenwu environmental protection 10.

37% 1.

49 oversold and rebounded 8 Zhuhai Zhongfu 10.

19% 2.

38 Guangdong-Hong Kong-Macao Greater Bay Area 6 Ningbo Dongli 10

16% 3.

47 wind power 0 Xinxiang chemical fiber 10.

13% 4.

35 new virus protection 2

12% 2.

83 online games 0 storm group 10.11% 3.

05 oversold rebounded 2 Suzhou High-tech 10.

10% 5.

34 other 0 Mida shares 10.

10% 4.

36 other 2 Lianchuang shares 10.

10% 3.

38 disinfectant 4 Jia Linjie 10.

10% 3.

38 New Virus Abstracts 0th Century Dingli 10.

09% 5.

89 Online Education 1 Fuhuang Steel Structure 10.

09% 5.

89 contracts won 0 Yaben Chemicals 10.

09% 4.

8 new viral genes 0 Huafang shares 10.

北京夜网09% 6 textile and apparel 0 Tianjin Songjiang 10.

09% 2.

4 others 1 Hongri Pharmaceutical 10.

09% 6.

22 Anti-virus concept 6 Runbang shares 10.

09% 5.

13 new viral genes 0 Aoteca 10.

08% 2.

62 Tesla 1 Guangdong Rongtai 10.

08% 5.

24 cloud computing 0 Sansheng shares 10.

08% 6.

88 Medicine 0 Shenzhen Konka A10.

08% 6.

88 chip concept 0 Huasheng shares 10.

07% 4.

59 other 0 TEDA shares 10.

07% 8.

2 masks 0 in color shares 10.

07% 5.

03 Nonferrous metals 2 Jinhua shares 10.

06% 7 other 0 billion Tong Technology 10.

05% 8.

21 Robots 3 Xingsen Technology 10.05% 10.

73 other 0 Jinke culture 10.

05% 4.

38 cloud games 1 Yinglit 10.

05% 9.

09 disinfectant 0.

04% 12.

27 others 1 Changjiang Health 10.

04% 5.

15 Medicine 0 China Haicheng 10.

04% 8.

11 others 1 Yangpu Medical 10.

04% 13.

81 Antivirus Concept 3 Southern Media 10.

04% 11.

18 Cultural Media 1 Fengzhu Textile 10.

04% 5.

7 other 6 Xiuqiang shares 10.

04% 5.

81 Tesla 0 Okahua 10.

04% 11.

95 medical equipment 1 New Beiyang 10.

04% 11.

95 others 4 Dr. Peng 10.

04% 6.

14 online education 0 three five interconnected 10.

04% 12.

39 cloud office 0 two six three 10.

04% 9.

32 cloud office 0 Beiqi Blue Valley 10.

03% 6.

47 others 1 Haoyun Technology 10.

03% 14.

48 Huawei concept 1 MMS shares 10.

03% 18.

87 Huawei Concepts 0 Hengshi Technology 10.

03% 18.

98 chip concept 2 Xinghu technology 10.

03% 7.

9 Pre-increasing performance 4 Xingyuan Environment 10.03% 4.

06 Medical waste treatment 2 All-round education 10.

03% 8.

78 online education 0 entrepreneurial dark horse 10.

02% 22.

5 Cloud Office 8 Yongqing Environmental Protection 10.

02% 4.

83 medical waste treatment 0 Chinese sports industry 10.

02% 9.

66 others 0 Shenghong shares 10.

02% 19.

98 performance pre-increased 1 Central Equipment 10.

02% 10.

43 environmental protection 5 Bo Baolong 10.

02% 10.

43 masks 3 focus technology 10.

02% 26.

57 Cloud Computing 2 United Ring Pharmaceuticals 10.

02% 21.

52 anti-virus concept 8 silver round shares 10.

02% 11.

09 Auto parts 1 Snow wave environment 10.

02% 11.

64 medical waste treatment 1 Xinjie Electric 10.

02% 30.

2 Others 3 Central Environmental Protection 10.

02% 13.

07 environmental protection 1 Bangxun technology 10.

02% 6.

7 other 6 farming environment 10.

01% 7.

91 environmental protection 4 digital certification 10.

01% 42.

19 Blockchain 3 Netsu Technology 10

01% 8.

68 cloud computing 1 Weihai Guangtai 10.

01% 17.

47 others 7 Tianjin Pullin 10.

01% 9.

12PCB7 Tony Electronics 10.01% 28.

57 wireless headphones 4 Nenco shares 10.

01% 29.

12 Smart Manufacturing 6 Qiaoyin Environmental Protection 10.

01% 20.

22 medical waste treatment 5 Annie shares 10.

01% 10.

22 Blockchain 4 Huali Chuangtong 10.

01% 10.

77 Beidou Navigation 1 Ogilvy Medical 10.

01% 55.

28 masks 5 Xinlong Holdings 10.

01% 11.

76 anti-virus concepts 13 Minde Electronics 10.

01% 24.

62 mobile payment 4 Shanghai environment 10.

01% 12.

31 environmental protection 0 Boteng shares 10.

01% 25.

39 new virus genes 0 good wife 10.

01% 12.

86 other 0 Tianfu Communication 10.

01% 40.

56 other 0 Yangfan new materials 10.

01% 14.

51 New Material Concepts 7 Gimhae Environment 10.

01% 14.

84 environmental protection 1 Gel software 10.

01% 47.

05 other 3 Daun shares 10.

01% 18.

47 new virus genes

01% 42.

44 results pre-increased 1 Taihe Technology 10.

00% 47.

83 new shares 0 will communicate 10.

00% 48.

16 cloud office 0 Baoxin software 10.

00% 50.

47 results pre-increased 5 halo new network 10.00% 25.

73 Cloud Computing 4 Honghe Technology 10.

00% 72.

36 online education 12 Quartet Jingchuang 10.

00% 39.

15 others 4 Zhende Medical 10.

00% 48.

5 anti-virus concept 0 Yu Hetian 10.

00% 68.

53 Medical Waste Treatment 0 Chengmai Technology 10.

00% 218.

9 Huawei industry chain 1 Yang Jie technology 10.

00% 26.

18 chips 7 palm fun technology 10.

00% 7.

37 Online Games 0 New Cape 10.

00% 11.

88 Online Education 0 Willy 10.

00% 7.

7 other 0 Taiwan base shares 10.

00% 19.

03 chips 0 Bojie shares 10.

00% 60.

28 new shares 0 Zhenshitong 10.

00% 15.

07 Cloud Office 10 Gao Le shares 10.

00% 4.

07 toys 0 Asian Development 10.

00% 7.

92 other 6 Fenghua Hi-Tech 10.

00% 16.

17MLCC0 Set Friends shares 10.

00% 44.

66 others 6 Hongyuan Electronics 10.

00% 53.

68 others 0 Austrian Pharmaceutical 10.

00% 29.

15 Medicine 10 Ningbo Construction Engineering 10.

00% 3.

74 Cloud Computing 3 China Satcom 10.00% 17.

27 new shares 6 Jiangsu Sunshine 10.

00% 2.

42 Textile and Apparel 2 Wuzhong, Jiangsu 10.

00% 10.

78 new virus protection 0 Boxin shares 10.

00% 28.

16 wireless headphones 0 bull group 10.

00% 94.

17 new shares 0 Tailin Bio 10.

00% 82.

95 new shares 0 Zhilai Technology 10.

00% 63.

81 other 2 city shares 10.

00% 29.

38 performance pre-increased 5 Star semiconductor 10.

00% 24.

43 chips 0 South Wei shares 9.

99% 20.

91 masks 6 Yuxin Technology 9.

99% 41.

16 other 2nd century Tianhong 9.

99% 17.

28 Online Education 0 Cambridge Technology 9.

99% 31.

485G3 three love rich 9.

99% 14.

64 Online Education 0 Ryoma Sanitation 9.

99% 13.

54 medical waste treatment 2 Wansheng shares 9.

99% 12.

22 Others 1 Dawn of Science 9

99% 46.

24 cloud computing 2 HKUST 9 national innovation.

99% 22.

68 others 1 Fangzhi Technology 9.

99% 21.

03 online education 0 Dongjiang environmental protection 9.

99% 10.

24 Medical Waste Treatment 3 Jianghua Micro 9.99% 38.

87 other 2 enlightenment environment 9.

99% 9.

69 environmental protection 1 Landy Group 9.

99% 18.

94 New Viral Therapy 2 Positive Element Wisdom 9.

99% 16.

74 Online Education 5 Beixinyuan 9.

99% 8.

26 Cloud Office 6 Botian Environment 9.

99% 8.

04 environmental protection 1 and Ertai 9.

98% 14.

325G8 Murray Cloud 9.

98% 7.

05 Cloud Computing 0 Deep Sunda A9.

98% 13.

44 intends to acquire 0 Yongtai Technology 9.

98% 18.

62 new viral genes 2 Shanghai Hugong 9.

98% 18.

4 Robots 0 High Energy Environment 9.

98% 11.

57 Medical Waste Treatment 6 Yueyang Xingchang 9

98% 10.

47 disinfectant 8 Nanxing shares 9.

98% 18.

96 cloud computing 6 Veken technology 9.

97% 7.

83 Tesla 0 clear water source 9.

97% 10.

92 medical waste treatment 6 Hongbo shares 9.

97% 7.

28 others 0 Sanyou Chemical 9.

97% 7.

17 new virus protection 21 cultural Great Wall 9.

97% 3.

53 Online Education 4 Publishing Media 9.

97% 10.

59 cultural media 0 million Bangda 9.97% 6.

84 medical waste treatment 0 Yaguang Technology 9.

97% 13.

46 results pre-increased 8 Lingyun shares 9.

97% 9.

71 Tesla 2 AVIC Hi-Tech 9.

96% 12.

03 military industry 5 HNA technology 9.

96% 2.

87 Cloud Computing 1 Xianhe Environmental Protection 9.

96% 8.

28 environmental protection 0 Hubei Radio and Television 9.

96% 5.

41 Radio and Television Department 0 Mitutoyo Intelligent 9.

96% 8.

06 Robot 0 Fucheng shares 9.

96% 7.

73 others 2 Rongke Technology 9.

95% 6.

74 other 1 Huilong shares 9.

95% 6.

41 chemical fertilizer 6 Shangrong Medical 9.

95% 8.

51 new viral genes 0 Wuhan Holdings 9.

94% 7.

63 sewage treatment 0 Dasheng culture 9.

94% 3.

76 oversold rebounded 2 Aerospace Electronics 9.

94% 6.

97 Aerospace Defense 0 Shuangcheng Pharmaceutical Industry 9.

93% 6.

75 medicine 7 Shengtong shares 9.

93% 4.

87 robots 0 Central Plains Environmental Protection 9.

93% 6.

42 environmental protection 0 Shengyun environmental protection 9.

92% 1.

44 solid waste treatment 5 Shuanglin shares 9.

92% 5.

54 automobile l parts 0 CICC environment 9.92% 3.

99 medical waste treatment 0 La Chapelle 9.

91% 5.

1 other 1 Shelley 9.

91% 2.

44 New Energy Vehicles 1 Security Control Technology 9.

88% 3.

67 chips 0 Kerong environment 9.

87% 3.

34 medical waste treatment 3 Qin Shang shares 9.

87% 3.

34 Online Education 7ST Tianrun 5.

29% 1.

79ST plate 1 * ST Hemet 5.

23% 1.

81ST plate 0 * ST infront of 5.

20% 1.

82ST plate 5 * ST energy saving 5.

15% 1.

43 oversold rebounds 2 * ST Bei Xun 5.

08% 1.

86ST plate 0 * ST Hehua 5.

06% 4.

57ST plate 0 * ST medium cashmere 5.

04% 1.

46ST plate 2 * ST Xinhai 5.

00% 1.

89ST plate 2ST silver billion 5.

00% 1.

47ST plate 0 * ST Opal 4.

76% 1.

32 oversold rebounded 0 four, yesterday’s daily limit stock performance today, yesterday’s daily limit stock performance today, name rise, current price yesterday’s daily limit analysis, open times Zhuo Yi Information 11.

44% 110 cloud computing 0 Xinxiang chemical fiber 10.

13% 4.

35 new virus protection 0 Lianchuang shares 10.

10% 3.

38 disinfectant solution 1 Jia Linjie 10.

10% 3.

38 New Virus Abstracts 0th Century Dingli 10.

09% 5.89 Online Education 0 Yaben Chemistry 10.

09% 4.

8 new viral therapies 0 Hongri Pharmaceutical 10.

09% 6.

22 Anti-virus concept 0 Runbang shares 10.

09% 5.

13 new viral genes 0 Aoteca 10.

08% 2.

62 Tesla 1 Sansheng shares 10.

08% 6.

88 Medicine 0 Shenzhen Konka A10.

08% 6.

88 chip concept 0 Teda shares 10.

07% 8.

2 masks 0 Vtron shares 10.

06% 5.

69 equity transfers 0 billion Tong Technology 10.

05% 8.

21 Robots 3 Jinke Culture 10.

05% 4.

38 cloud games 1 Yinglit 10.

05% 9.

09 disinfectant 0 Changjiang health 10.

04% 5.

15 Medicine 0 Yangpu Medical 10.

04% 13.

81 Antivirus Concept 3 Southern Media 10.

04% 11.

18 culture media 1 Xiuqiang shares 10.

04% 5.

81 Tesla 0 Okahua 10.

04% 11.

95 medical devices 1 Dr. Peng 10.

04% 6.

14 online education 0 three five interconnected 10.

04% 12.

39 cloud office 0 two six three 10.

04% 9.

32 Cloud Office 0 Haoyun Technology 10.

03% 14.48 Huawei Concept 1 Xinghu Technology 10.

03% 7.

9 Pre-increasing performance 4 Xingyuan Environment 10.

03% 4.

06 Medical waste treatment 2 All-round education 10.

03% 8.

78 online education 0 entrepreneurial dark horse 10.

02% 22.

5 Cloud Office 8 Yongqing Environmental Protection 10.

02% 4.

83 medical waste treatment 0 Central equipment 10.

02% 10.

43 environmental protection 5 focus technology 10.

02% 26.

57 Cloud Computing 2 United Ring Pharmaceuticals 10.

02% 21.

52 anti-virus concept 8 Huali Chuangtong 10.

01% 10.

77 Beidou Navigation 1 Ogilvy Medical 10.

01% 55.

28 masks 5 Xinlong Holdings 10.

01% 11.

76 anti-virus concepts 13 Botten shares 10.

01% 25.

39 New Virus Abstracts 0 Yangfan New Materials 10.

01% 14.

51 new materials concept 7 Daun shares 10.

01% 18.

47 new virus genes 0 Taihe Technology 10.

00% 47.

83 new shares 0 will communicate 10.

00% 48.

16 cloud office 0 Baoxin software 10.

00% 50.

47 results pre-increased 5 halo new network 10.

00% 25.

73 Cloud Computing 4 Honghe Technology 10.

00% 72.

36 online education 12 wave information 10.

00% 43.77 cloud computing 7 Zhende Medical 10.

00% 48.

5 Anti-Virus Concepts 0 New Cape 10.

00% 11.

88 online education 0 Taiji shares 10.

00% 19.

03 chip 0 really see 10.

00% 15.

07 Cloud Office 10 Gao Le shares 10.

00% 4.

07 toys 0 Austrian pharmaceutical industry 10.

00% 29.

15 Medicine 10 China Satcom 10.

00% 17.

27 new shares 6 Jiangsu Sunshine 10.

00% 2.

42 Textile and Apparel 2 Wuzhong, Jiangsu 10.

00% 10.

78 new virus protection 0 Boxin shares 10.

00% 28.

16 wireless headphones 0 Tailin Bio 10.

00% 82.

95 new shares 0 city shares 10.

00% 29.

38 results pre-increased 5 South Wei shares 9.

99% 20.

91 mask 6th century Tianhong 9.

99% 17.

28 Online Education 0 Cambridge Technology 9.

99% 31.

485G3 three love rich 9.

99% 14.

64 Online Education 0 Ryoma Sanitation 9.

99% 13.

54 medical waste treatment 2 Fangzhi Technology 9.

99% 21.

03 Online Education 0 Landy Group 9.

99% 18.

94 new viruses Malaria 2 and Ertai 9.

98% 14.325G8 Yongtai Technology9.

98% 18.

62 new viral genes 2 Shanghai Hugong 9.

98% 18.

4 Robots 0 High Energy Environment 9.

98% 11.

57 Medical Waste Treatment 6 Yueyang Xingchang 9

98% 10.

47 disinfectant 8 Dongyin shares 9.

97% 17.

31 new virus genes 0 dimensional technology.

97% 7.

83 Tesla 0 clear water source 9.

97% 10.

92 medical waste treatment 6 Sanyou Chemical 9.

97% 7.

17 New virus protection 21 Release media 9.

97% 10.

59 cultural media 0 million Bangda 9.

97% 6.

84 medical waste treatment 0 Yaguang Technology 9.

97% 13.

46 results pre-increased 8 Lingyun shares 9.

97% 9.

71 Tesla 2 Mitutoyo Smart 9.

96% 8.

06 Robot 0 Huilong shares 9.

95% 6.

41 chemical fertilizer 6 Shangrong Medical 9.

95% 8.

51 new viral genes 0 Wuhan Holdings 9.

94% 7.

63 sewage treatment 0 aerospace electronics 9.

94% 6.

97 Aerospace Defense 0 Shuangcheng Pharmaceutical Industry 9.

93% 6.

75 medicine 7 Shengtong shares 9.

93% 4.

87 robots 0 Shellett 9.

91% 2.44 New Energy Vehicles 1 Youzu Network 9.

09% 32.

16 online games 7 worth buying 8.

99% 176.

97 new shares 11 full electronic 8.

91% 30.

79 chip concept 8 in bead medical 8.

72% 2.

12 Medicine 0 Huashu Media 7.

58% 12.

78 radio and television 1 Hainan Haiyao 7.

57% 9.

1 medicine 2 huilun crystal 6.

89% 24.

83 Passive components 0 Binhua shares 6.

86% 5.

92fluoride 3 Shanghai Tianyang 6.

76% 15.

48 wireless headphones 0 Zhenhua Technology 6.

67% 20.

79IGBT6 大 立 科技 6.

34% 20.

3 new viral genes 0 Shinye Textile 6.

32% 3.

7 textile and apparel 0 and Ren Technology 6.

31% 32 Medical Informatization 0 UFIDA Network 6.

31% 38.

1 cloud computing 0 agricultural products 6.

25% 5.

44 agricultural products 0 sincerity pharmaceutical industry 6.

24% 32.

37 Medicine 5 Chunzhong Science and Technology 6.

11% 48.

8 cloud office 7 new media shares 5.

86% 199 new shares 0 German square nanometers 5.

82% 172.

36 new energy vehicles 9 Dongfeng shares 5.

82% 6.

73 medical equipment 0 Guolin Technology 5.

79% 52.58 sewage treatment 0 Northern Huachuang 5.

75% 144.

96 chips 0 Wanda information 5.

70% 17.

42 Medical Informatization 10 Bosch Section 5.

47% 12.

53 medical waste treatment 0 Shandong Weida 5.

38% 5.

48 robots 8 Yanjiang shares 5.

23% 20.

33 yuan depreciation benefit 0 * ST profit side 5.

20% 1.

82ST plate 5 Jilin chemical fiber 5.

19% 2.

23 viscose fiber 0 Dechuang environmental protection 5.

08% 9.

51 environmental protection 0 * ST riverization 5.

06% 4.

57ST plate 0ST Galaxy 5.

05% 2.

08ST plate 2 robot 5.

05% 16.

03 Robot 0 Zhejiang Number Culture 4.

97% 10.

14 Blockchain 3 Digital Government Communication 4.

94% 13.

18 domestic software 1 Dunhuang seed industry 4.

88% 4.

51 Agricultural Planting 0 Sinosteel International 4.

88% 4.

73 masks 0 Onli education 4.

77% 23.

96 Online Education 6 Unity Group 4.

58% 17.

8 Cloud Office 5 Hongda Xingye 4.

56% 4.

59 new virus protection 3 Nanjing Securities 4.

54% 13.

6 Brokers 3 Changjiang Media 4.

22% 6.42 Online Education 5 German Union Group 4.

20% 7.

2 Tesla 4 Red Flag Chain 4.

18% 8.

23 new retail 1 new friends shares 4.

18% 4.

74 Tesla 0 Kuangda Technology 4.

14% 3.

02 masks 1 Wolong electric drive 4.

03% 13.

68 new energy vehicles 1 China Satellite 3.

89% 38.

16 Beidou industry chain 0 Eurobit 3.

88% 13.

4 satellite navigation 4TCL technology 3.

83% 5.

69 LCD panel 2 extension dimension information 3.

73% 12.

52 Online Education 2 Hundred Holdings 3.

58% 22.

55 cloud games 3 wins electronics 3.

46% 26.

92 Tesla 4 Chinese Media 3.

15% 15.

4 Culture Media 0 Chutian Expressway 2.

80% 3.

31ETC Concept 3 US Jim 2.

74% 10.

88 Online Education 0 Hongyu New Materials 2.

72% 6.

8 robots 0 Debon shares 2.

71% 11.

38 Express 4 New Open Source 2.

67% 19.

61 medicine 2 convinced 2.

62% 184 Cloud Computing 2 German New Transport2.

62% 19.

6 Infrastructure 0 Makihara Shares 2.

59% 92.

45 breeders 2 ramblers 2.54% 21.

38 masks 7 Qingsong shares 2.

49% 13.

97 masks 0 electroacoustic shares 2.

36% 23.

88 Net Red Economy 3 HKUST Intelligence 2.

34% 8.

3 robots 2 Harbin Pharmaceuticals 2.

02% 6.

06 new viral moles 0 Changchun Jingkai 1.

95% 11.

48 Tesla 0 radio and television measurement 1.

80% 40.

06 new shares 2 Zhongchuang Logistics 1.

73% 14.

67 logistics 0 sea king creature 1.

70% 7.

17 Anti-Virus Concepts 22 Network Software 1.

58% 25.

14 performance pre-increased 1 Lanfeng Biochemical 1.

57% 5.

83 Medicine 2 Yanan Bikang 1.

53% 15.

93 masks 2 Eston 1.

53% 11.

96 robots 0 Fuchun shares 1.

36% 4.

485G1 Jiangsu Beiren 1.

35% 34.

43 science and technology board 0 Boya biology 1.

27% 36.

64 medicine 6 contact interaction 1.

21% 3.

35 Blockchain 0 Dezhan Health 1.

21% 6.

7 medicine 0 Kangtuo infrared 1.

07% 14.

13 new virus moles 4 Hainan Ruize 0.

77% 6.

52 Hainan 1 Caesar Culture 0.49% 6.

1 game 2 Haishun new material 0.

41% 12.

28 New Virus Journals 0 Xinlun Technology 0.

24% 8.

37 masks 5 long volume shares 0.

22% 22.

4 Epidemic concept 0 Elekta 0.

22% 36.

4 military industry 0 Boji medicine 0.

10% 20.

59 Medicine 0 Yiduoli 0.

08% 12.

08 new virus gene 0 in Shun Jierou 0.

00% 14.

3 Papermaking 5 Fengle Seed Industry-0.

47% 8.

43 agricultural planting 0 Jiuzhou Pharmaceutical-0.

58% 22.

38 new viral genes 2 Binhai Energy-0.

68% 7.

25 Online Education 8 Luyan Medicine-0.

83% 9.

58 Medicine 6 * ST Bio-0.

92% 7.

52ST plate 2 Cixing shares -1.

11% 4.

46 robots 2 Huaping shares -1.

16% 5.

13 Cloud Office 2 Gaode IR-1.

39% 41.

88 infrared detection 7 days silver electromechanical-1.

56% 12.

58 results pre-increased 9 New Wufeng-1.

80% 7.

08 breeding 0 Kangzhi Pharmaceutical -1.

82% 7.

01 Anti-virus concept 1 Jinyi Film & TV-1.

85% 13.

27 Film and Television Media 1 Huahai Pharmaceutical -1.89% 20.

29 Medicine 2 Tailong Pharmaceutical Industry-1.

98% 7.

93 new virus moles 1 Yuantong Express-2.

02% 15.

5 Express Logistics 9 Sihuan Bio-2.

12% 7.

86 Anti-Virus Concepts 0 Macro and Tech-2.

14% 12.

35 new shares 1 China Reserve shares -2.

26% 4.

76 Express Logistics 12 Jiangsu Thorpe-2.

27% 9.

48 sour vinegar 0 shift remote communication -2.

39% 196.

05 new shares 3 new agricultural development -2.

46% 5.

16 agricultural planting 0 Li Sichen -2.

49% 16.

05 Online Education 2 Netac Smart-2.

58% 21.

18 robots 0 Pengpao environmental protection -2.

59% 13.

91 plans to repurchase shares 2 Xingfa Group-2.

63% 10 new virus protection 50,000 ze shares -2.

69% 9.

76 military industry 2 Akoli-2.

86% 34.

25 fuel cells 1 Hong Tao (Jin Qilin analyst) shares -2.

93% 3.

31 Online Education 1 Tianma Technology-3.

14% 7.

71 Feed Processing 1 Lukang Medicine-3.

30% 16.

13 new virus crystals 0 molding technology-3.

33% 14.

24 Tesla 5 Golden Shield shares -3.

39% 9.

12 results pre-increased 0 Shenma Power -3.

42% 17.5 new shares 1 Zhongnan Media-3.

44% 12.

34 Culture Media 1 Guofa Shares -3.

48% 4.

71 Medicine 2 Hongdou Shares-3.

61% 4.

8 new virus protection 5 chlor-alkali chemical -3.

75% 10.

27 New Virus Journals 0 Essential Pharmaceuticals-3.

79% 6.

6 Anti-Virus Concepts 7 Noble Shares-3.

80% 28.

12 new virus genes, 5 liters of technology -3.

91% 11.

79 new virus mole 21 Jinling Pharmaceutical-4.

08% 8.

23 Medicine 9 Temple of Heaven Biology-4.

20% 35.

12-cell immunotherapy 9 Songfa shares-4.

39% 15.

91 Online Education 4 Shanghai Rice-4.

43% 9.

5 Medicine 0 Huifa Food-4.

43% 13.

36 Food Plate 2 Hualan Bio-4.

49% 41.

1 immune cell therapy 2 Hengkang Medical-4.

50% 3.

18 Antiviral Concepts 1 Aibo Medical-4.

57% 49.

09 performance increased by 9 Tianhua Supernet -4.

58% 8.

54 new energy vehicles 0 Shenyang Chemical Industry-4.

61% 4.

76 Disinfectant 2 Xinhua Pharmaceutical-4.

73% 10.

06 new virus moles 1 Morimoto shares -5.

02% 3.

03 GEM Shell 0 Tianci Material-5.

06% 29.1 new energy vehicle 14 Saito Bio-5.

06% 33.

79 new coronavirus 1 Hisun Pharmaceutical-5.

28% 14.

52 new virus genes 0 Ruikang Medicine-5.

54% 8.

02 New Viral Gene 5 People’s Tongtai-5.

55% 9.

87 new virus moles 2 Qianjin Pharmaceutical-5.

68% 9.

97 new virus moles 11 Shenlian Biological-5.

70% 23.

5 Animal Health 0 Libang Instrument-5.

79% 9.

92 medical equipment 4 Shuanglin Biological-5.

83% 34.

87-cell immunotherapy 7 Weiguang Biological-6.

04% 66.

23 Medicine 1 Menova-6.

07% 25.

68 new virus moles 6 Shutaishen-6.

66% 16.

12 Novel Viral Genes 1 SINBON PHARMA-7.

55% 6 Pharmaceuticals 0 Asia Pacific Pharmaceuticals-8.

15% 8.

57 Medicine 3 Guoxuan Hi-Tech-8.

77% 26 new energy vehicles 4 people Fu Medicine-9.

56% 15.

89 new virus genes 6 Anjie Technology-9.

99% 29.

2 Tesla 3

Yutong Bus (600066): Market share steadily increased waiting for industry clearing

Yutong Bus (600066): Market share steadily increased waiting for industry clearing

The company’s recent situation Yutong Bus released the June production and sales report, with monthly sales of 4,550 units, an increase of 13 per year.

2%, of which 1,647 bus sales, a decline of 16 per year.

2%, Chinese passenger sales of 2,249 vehicles, an annual increase of 54.

4%, light passenger sales were 654, an increase of 9 per year.

4%.

Cumulative sales in the first half of the year were 25,429 units, an increase of 2 per year.

6%.

Comment on sales performance in line with expectations, the product structure is improving.

In the first half of the year, the total sales volume of Yutong’s large and medium-sized customers was 21,578, and the proportion of large customers increased slightly by zero in ten years.

3ppt, the proportion of Chinese customers increased by 2 every year.

0ppt.

We estimate that the sales volume of new energy buses in the first half of the year is about 9,000 units. Due to the impact of rushing to install under the subsidy expectation, the sales performance of the new energy bus industry was weak in the second quarter.

The performance in the first half of the year is in line with expectations, and sales are expected to achieve positive growth. The core depends on the performance in the fourth quarter.

The logic of industry clearing may gradually materialize.

From the perspective of market structure, according to data from the China Automobile Association, from January to May, the CR10 of medium-sized buses increased by 5 respectively.

2ppt, 5.

At 5ppt, the market share of the right-hand companies has increased significantly, and the performance of the top three and four companies has increased significantly.

As for Yutong, sales of large and medium-sized passengers over 7 meters reached 17,686, with a market share of 39.

0%, the highest 佛山桑拿网 level in history, an increase of 4 compared with 2018.

5ppt.

In the segmented market, benefiting from the performance of new energy buses, the market share of the bus market has increased most significantly, while the seat bus market, which already has a high market share, is still breaking through.

Entering the final countdown to the decline of compensation, the bus companies have basically reached the critical point of profitability, and low-price rush orders are expected to decline, and the industry layout has ushered in a marginal improvement.

From the highest point of view, the demand for passenger cars is still affected by the increase in the number of seats sold, and compensation for changes in declines. In the short term, the internal increase is still in school buses, RVs and mid-to-high-end product segments.And whether the export market can break through.

From the perspective of the company budget, the absolute amount of compensation for the decline of the slope can be replaced, and Yutong can achieve a steady increase in gross profit margin by reducing costs and upgrading prices.

In the longer term, vigorously develop key technologies that help Yutong develop and research, and are best able to respond to domestic passenger car demand upgrades and overseas mid- to high-end market expansion in the first time.

For B’s business, we believe that the core stock selection logic is to find leading companies in a segmented industry with a relatively better competitive landscape.

Maintain the company’s outperform industry rating, maintain 2019 and 2020 profit forecasts, maintain a target price of 18 yuan (17 times P / E in 2019), which is 31 compared with the current one.

5% upside.

The impact of the risk subsidy decline on profitability exceeded expectations; the industry’s clearance rate was slower than expected.

Xusheng shares (603305) in-depth report: deeply bound Tesla and electric vehicles take off

Xusheng shares (603305) in-depth report: deeply bound Tesla and electric vehicles take off

Executive summary of this issue: Seize the opportunity in the electric vehicle market and deeply bind benchmarking companies.

The company is a domestic leading company in aluminum die-casting components, grabbing the strategic potential of new energy vehicles, forming a clear first-mover advantage and competitive advantage.

Tesla is an important strategic customer of the company. In 2018, the company accounted for 61% of Tesla’s revenue.

08%.

Tesla’s sales volume continues to grow rapidly, and the company continues to deepen its cooperation with Tesla to continuously develop a good foundation for the electric vehicle market.

The orderly progress of the Tesla Shanghai plant project is expected to provide new opportunities for the company’s development.

The investment and investment capacity was released in an orderly manner, and the product system became more complete.

The IPO’s investment capacity was released in an orderly manner, convertible bond projects steadily landed, and non-public stock issuance steadily advanced.

The orderly investment capacity was released in an orderly manner to meet the growing demand for orders from customers such as Tesla.

The company’s product system with rich high-end components such as automobile suspension systems explores new space for subsequent development.

The acceleration of the electrification market has opened up new space for lightweighting.

Electrification is a major trend in the development of the global automotive market, and China’s electric vehicle market has accelerated its expansion.

Automobile emission regulations have forced car companies to increase research and development efforts to reduce the weight and provide new space for aluminum parts.

Earnings forecast and investment grade: We estimate that Xusheng’s operating income from 2019 to 2021 will be 15 respectively.

600 million, 20.

500 million and 25.

300 million, the net profit attributable to the parent company is 3.

860,000 yuan, 4.

9.5 北京夜网 billion and 6.

15 ppm, corresponding to a diluted EPS of 0.

96 yuan, 1.

24 yuan and 1.

53 yuan.

Tesla’s localization progress is progressing in an orderly manner. The company is the beneficiary of the electrification of the automotive industry. For the first time, we have covered the “overweight” rating given to the company.

Cumulative catalysts: Tesla’s domesticization progress has progressed in an orderly manner; investment and investment capacity has been gradually released.

Risk factors: The automobile market is expanding significantly; the pace of customer order release is less than expected; the price of raw materials fluctuates; single customers are overly dependent.

Xinbao Shares (002705): Domestic sales increase, beautiful exchanges boost profits

Xinbao Shares (002705): Domestic sales increase, beautiful exchanges boost profits

Investment Highlights Event: On March 30, 2019, Xinbao announced the first quarter performance forecast, and the company expects to achieve net profit attributable to its parent in the first quarter of 6,459.

120,000 yuan-8612.

160,000 yuan, a year-on-year growth of 50% -100%, exceeding market expectations.

  Apparently: the increase in exchange losses due to changes in exchange rates minus the company’s import and export business is mainly settled in US dollars.

53 expected 6.

30, depreciation of 3.

52%, 19Q1 from 6.

86 expected 6.

73, depreciation 1.

90%, the depreciation of the US dollar has decreased significantly.

The exchange loss of the company’s financial expenses in 18Q1 was approximately 61 million yuan. It is expected that the change in the total exchange loss in 19Q1 will decrease.

  The company’s short-term performance was affected by fluctuations in the exchange rate of the RMB. In 15/16/17/18, exchange loss gains and losses accounted for 27% / 20% /-21% / 5% of net profit respectively.

The company’s performance persists obviously. With reference to previous years, the first quarter accounted 南宁桑拿 for 10% -15% of the advance net profit, and the second and third quarter accounted for 60% -70%. The changes can be confirmed by subsequent quarters.

  Domestic sales: Brands and ODMs contribute elasticity, revenue and profits rise together. The company’s domestic sales account for about 15%. In recent years, domestic sales have continued to increase its profit contribution. The gross profit ratio has rapidly increased from 19% in 17H1 to 27% in 18H1.

In the domestic sales of the company, independent brands account for 60% -70%, and domestic ODM accounts for 30% -40%. The independent brands Mofei, Dongling, and Barsetto go hand in hand. At the same time, the company and Xiaomi, Mingchuang, Netease carefully select, fightToto and other cooperation orders showed explosive growth, with 17 and 18H1 increasing 34% and 27% 杭州桑拿网 respectively.

In the future, the scale of the company’s own brands will continue to be promoted, and cooperation with the Internet platform will gradually deepen. We are optimistic that the company’s domestic sales will achieve sustainable high growth, driving the company’s revenue and profits to rise.

  Export sales: Steady growth, optimized structure, automated quality improvement and efficiency improvement companies accounted for 89% of export sales in 15/16/17.

13%, 89.

11% and 87.

37%, exports are mainly to the Americas and Europe.

As the leader of small household appliances ODM, it has been in the industry for more than 20 years, and the compound growth rate of export sales over the past five years has been steadily increasing.

At present, while maintaining a steady increase in orders for small kitchen appliances, the company continues to launch new home / personal care products. Based on the next three years, we are optimistic about the continuous improvement of the company’s export product structure and premium space; meanwhile, automation construction continues to promote order response and scale effects.Highlighted, core competitiveness has been enhanced.

  Investment suggestion: In the short term, a low exchange rate will help boost profits. In the medium and long term, the company’s own brand and domestic ODM will accelerate their growth to drive the company’s revenue and profitability.

We expect the company’s revenue to reach 95 in 2019-2020.

67/107.

62 trillion, a 10-year growth rate of 13.

32% / 12.

49%, net profit attributable to mother 6.

35/8.

1.6 billion, currently corresponding to PE 17.

72x / 13.

86x, maintain “Buy” rating.

  Risk reminder: exchange rate fluctuations, domestic brand independent brand promotion effect exceeds expectations

Ziguang (000938) company research: ICT business-driven growth enjoys 5G peak and server layout improvement

Ziguang (000938) company research: ICT business-driven growth enjoys 5G peak and server layout improvement
Event: The company released its 2019 Interim Report and achieved operating income of 228.74 ppm, an increase of ten years.92%, achieving net profit attributable to shareholders of listed companies.47 ppm, an increase of 15 in ten years.51%, realizing non-recurring net profit attributable to shareholders of listed companies5.98 ppm, a ten-year increase2.39%. Meet market expectations. ICT digital equipment led to revenue growth and IT distribution business stabilized.1) Digital infrastructure and service projects are mainly driven by profit, with an annual increase of 15%.05%, mainly including network equipment and server products. The overall gross profit margin was 33.98%, a decrease of 2 over the same period last year.43 units.2) The value-added of IT product distribution and supply chain service projects has slowed down, increasing year by year2.84%, and gross profit margin is also stable.3) Non-recurring gains and losses are mainly government subsidies with an amount of 2.9.4 billion. Continue to invest in research and development, during which costs stabilized.R & D funding 18.22 ppm, an increase of 15 per year.21% of the company’s patent applications have consistently accumulated more than 10,100, of which over 90% are invention patents.Selling expenses 17.41 million, an increase of 10 per year.08%, administrative expenses 3.6.8 billion, an increase of 7 per year.96%.Finance costs 0.7.7 billion, a decrease of 32 every year.29%, mainly due to Ziguang Digital, the cash discount paid by Xinhua San Group decreased. The peak period of 5G construction is coming, and key markets have continued to break through in the first half of the year.With the new round of construction and expansion of the bearer network brought by 5G construction, the company launched a full range of 5G mobile backhaul bearer network products RX8800 / RA5000 in the operator market in the first 南京夜网 half of the year.The cloud-based managed router CR19000 continues to break through the operator market and high-end core scenarios for enterprise customers, completes large-scale deployment, and is commercially available in some operator markets.The company released Wi-Fi 6 series products and won the bid for some operators’ WLAN equipment collection and acquisition projects in 2019 with the largest share. The server business has accumulated for many years and is expected to enjoy the improvement of the competitive landscape.1) Xinhua III server business is integrated from HPE China, with rich brand and technology background. It also recognizes that H3C self-developed product series has won the Red Dot Design Award.In the first half of the year, the company released a new generation of self-developed 8-way key business 深圳丝袜会所 server H3C UniServer R8900 G3.2) Huawei and Shuguang Fiber Optic Factory are affected by trade frictions, and the domestic server industry’s competitive landscape has improved. The company’s server market share is expected to rise. Maintain “Buy” rating.Based on key assumptions and interim reports, adjusted profit forecast, it is estimated that the operating income for 2019-2021 will be 551.2.8 billion, 629.03 billion and 715.3.4 billion (564 before adjustment).8.8 billion, 653.6.9 billion and 748.1 billion), net profit attributable to mothers was 17 respectively.7.9 billion, 23.6.8 billion and 31.7.2 billion (20 before adjustment).9.1 billion, 28.5.4 billion and 37.15 billion).Considering the advent of the 5G era and improved competition in the server industry, we maintain a “Buy” rating. Risk reminders: prospects for downstream demand growth; increased competition in the hardware equipment industry; macroeconomic risks.

Riyue Co., Ltd. (603218) convertible bond review report: plans to add 12 new finishing capacity to improve the voice of global wind power castings

Riyue Co., Ltd. (603218) convertible bond review report: plans to add 12 new finishing capacity to improve the voice of global wind power castings

Incident On May 20, 2019, the company issued a convertible bond plan: the proposed convertible bond issuance does not exceed 1.2 billion US dollars, after deducting issuance costs8.

41 million US dollars investment in the construction of 12 large-scale offshore wind power key components finishing production line construction project, 3.

$ 5.9 billion to supplement working capital.

Comment added 12 Short-term offshore wind power key component finishing capabilities, enhance the global wind power castings voice. Consider the company’s IPO to raise production capacity, expansion projects, technical transformation and this convertible bond investment project, the company will form 40 annual wind power castings in the future.And 22 inserts the finishing capacity, becoming the world’s largest wind power casting production and finishing enterprise, the global market share of wind power castings will reach about 34%.

Offshore 深圳丝袜会所 wind power is developing rapidly, and the large-scale wind power castings production capacity and finishing capacity are seriously insufficient. According to CWEC data, the annual installed capacity of offshore wind power in 2018 reached 1655MW, a year-on-year increase of 42.

7%.

The offshore equipment products show a trend of large-scale and precision. Traditional outsourcing processing enterprises are not large enough to match large-scale CNC precision processing equipment and corresponding operation and management talents due to their general scale and insufficient capital strength, which greatly increases the company’s product delivery capabilities.
Constantly deepening cooperation and increasing order volume, we have achieved large-scale supply capacity with GE, Siemens Gamesa and other international customers; meanwhile, the company focuses on the development and production of large megawatts and offshore wind turbine products, and the research and development costs increase every year.

1%.

In the early period, the proportion of high gross profit overseas income and offshore wind power income will continue to increase.

The company’s gross profit margin is expected to further improve.

Earnings Forecast and Estimates As the price and quotation of convertible bonds to stocks have not yet been determined, we will not consider the substitution effect and increase of refund fees brought about by the issuance of convertible bonds.

We estimate that the company’s net profit attributable to the parent will be 5 in 2019-2021.

8 million yuan, 7.

7.6 billion, 10.

310,000 yuan, corresponding to PE18.

52 times, 12.

11 times and 9.

12 times.

Maintain BUY rating.

Risk warning: adverse changes in domestic wind power policies; overseas orders exceed expectations; raw material prices have risen sharply.

Sinoma Science & Technology (002080) Posts Comment: Businesses that Exceed Expectations Boom

Sinoma Science & Technology (002080) Posts Comment: Businesses that Exceed Expectations Boom

The company’s semi-annual report for the 2019 semi-annual report has exceeded expectations. The company released a 2019 semi-annual report for the first half of the year.

2?
6

9 ‰, 60% growth in ten years?
80%, of which Q2 single quarter profit 4-4.

8 ‰, a ten-year increase of 69% -101%, exceeding our expectations 深圳桑拿网 and the market.

The wind power industry boom and blade high-end drive the company’s blade business beyond expectations. After the implementation of the “Notice on Improving Wind Power On-grid Tariff Policies” policy in May 2019, more and more live electricity in the Three North Regions gradually abandon wind power and gradually reduce the phenomenon.Existing projects are also expected to be gradually released.

Sinoma Blade, a subsidiary of Sinoma Science and Technology, as the largest domestic manufacturer of wind power blades, actively adjusts its product structure. Benefiting from the structural shortage of high-power and large blades in the current market, we judge the company’s blade unit price, gross profit margin and sales volume to improve significantly.

The reduction of cost and efficiency of the fiberglass industry can withstand the industry’s economic downturn, and the level of profitability can remain hindered by the impact of new capacity in 2018. Sino-US trade frictions and the continued decline in the PMI in the euro zone have affected the volume and price of the fiberglass industry.

Under this circumstance, the company actively promotes the cost reduction and efficiency improvement of the fiberglass business, while optimizing the product structure, shifting the focus of the product to wind power yarns, thermoplastic yarns and other products with better demand. We judge that the company’s fiberglass profitability may be the same as last year.Flat.

Lithium film may turn around and turn a profit, and the profitability of gas cylinders will greatly improve the company’s annual report announcement 4 Article 2.

The 400 million flat lithium film production line has been put into production at the end of 2018, and volume supply has been achieved in the first half of 2019. At the same time, the release of production capacity has accelerated, and the yield has continued to improve. We judge that the lithium film may have exceeded the break-even point in the first half of this year and slightlyProfit; Benefiting from the volume of new products and the recovery of the industry, the profitability of the company’s gas cylinder business has improved significantly. We judge it to be much better than last year’s interim report.

Investment suggestion: Maintain “Buy” rating company is wind power blades, glass fiber double faucet, such business is booming.

Benefiting from the upswing of the wind power industry and lithium film, the cylinder business contributed new increments. We judge the company to gradually achieve flexibility in performance indicators.

We raised the company’s EPS to 0 for 2019-2020.

89, 1.

07 yuan, while dating 2021 EPS 1.

29 yuan, according to the latest closing price of the corresponding PE is 11 respectively.

2/9.

3/7.

7 times.

Based on the average PE 深圳spa会所 estimated by comparable companies in 2019 of 12x, and considering the company’s higher performance growth rate in 2019, we believe that companies can be given a PE estimate of 15x, corresponding to a reasonable value of 13.

35 yuan / share; maintain “Buy” rating.

Risks indicate demand risk in the wind power industry; risk reduction in the glass fiber industry; and lithium battery industry growth is not as expected.

Shunxin Agriculture (000860) Third Quarterly Report Review: Liquor Business Steady Growth Expenses Expenses Pressure Profits

Shunxin Agriculture (000860) Third Quarterly Report Review: Liquor Business Steady Growth Expenses Expenses Pressure Profits
Event description The company issued a third quarter results announcement in the evening, stating that net profit for the first three quarters was 6.65 ppm, an increase of 23 in ten years.93%; operating income 110.62 ppm, an increase of 20 in ten years.19%; basic profit return is 0.8961 yuan, an annual increase of 23.94%. Incident Comment Q3 Net profit gradually expanded, mainly due to expenses that drag down earnings in advance.The company achieved operating income of 110 in the first three quarters of 19 years.610,000 yuan, +20 for ten years.19%, net profit attributable to mother 6.65 ppm, +23 for ten years.93%, single Q3 companies achieved operating income of 26.46 trillion, ten years +34.25%, realized net profit attributable to 0.1.7 billion, down 69 every year.70%, the increase in the company’s profit in the third quarter is mainly due to: first, the confirmation of the expenses of the headquarters dragged down the profits, and confirmation of the expenses of the World Garden Party and the Winter Olympics sponsorship, etc., 30-40 million;In the third quarter, increased market investment (60-70 million yuan), including increased online advertising costs and offline marketing; third, the sales structure of liquor has also changed, and the first half of the year may be the highest proportion of high-end wine sales.In the third quarter, low-end liquor sales accounted for the highest point, which affected the gross profit margin of liquor and thus the company’s profit level. Liquor revenue grew steadily, and the meat business eventually led to a loss.From a single quarter perspective, the company’s two-year revenue growth in the first three quarters was 19.95%, 11.99%, 34.25%, chain acceleration is mainly driven by meat products and real estate business. Liquor revenue has continued to grow at around 15%. It is expected that the growth in liquor revenue will mainly come from the Fuwai market, and the growth rate of Jiangsu, Zhejiang and Shanghai will be around 40%. Slaughtering business.The overall loss from January to September was about 10 million, but the last major loss reduction each year eventually led to a loss. The real estate business accelerated destocking, and the pre-collected accounts were about 1.1 billion. The current revenue is confirmed to be about 2 billion, but it is estimated to be higher than last yearMore optimistic. Gross profit margin declined in Q3, and long-term net profit margin is expected to remain stable.The company’s net profit in the first three quarters was 6.07%, ten years +0.42 points, gross profit margin 34 in the first three quarters.91%, a decline of 3 per year.24pct, of which Q3 gross margin is 28.83%, a decline of 3 per year.The 44 points are mainly due to the following: first, the income growth in the third quarter was more real estate and meat, and the gross profit margin of real estate and meat was lower than that of liquor; second, the cost of liquor has increased to a certain extent.In 深圳桑拿网 addition, the cost for the first three quarters was 15%.69%, a decrease of 1 per year.97 pct, sales / administration / finance rates for the first three quarters were 9 respectively.33% / 5.45% / 0.92%, respectively double -1.16 / -0.45 / -0.35pct, of which single Q3 sales expenses cost 6.66%, an increase of 2 a year.38 points, mainly due to the confirmation of headquarters expenses and increased expenditure on the liquor market in the third quarter; administrative expenses.37%, an increase of 0 every year.11 points; 0 for financial expenses.95%, a decline of 0 every year.56 points. Investment suggestion In 2019, the company will accelerate the three major changes of “deep distribution, structure adjustment, and tree model”. The pace of expense confirmation during the quarter is the company’s normal development strategy.Therefore, we believe that the company focuses on the two main industries of wine and meat, gradually changes other businesses, has clear strategic goals, and the income of liquor business gradually increases. The meat business will eventually lead to a loss and will ensure the company’s steady growth.The EPS for 2019-2021 is expected to be 1.48/1.89/2.38 yuan, corresponding to the company’s closing price of 47 on October 28.45 yuan, PE is 32X / 25X / 20X in 2019-2021 respectively, the first “Buy” rating. There is a risk that industry demand is lower than expected, raw material price fluctuation risks, food safety risks

Three Trees (603737): National Paint Leader with Continuously Increasing Income

Three Trees (603737): National Paint Leader with Continuously Increasing Income

Event: The company recently announced its 2019 Interim Report, and the company achieved operating income of approximately 22 in the first half of 2019.

2 billion, an annual increase of about 66.

1%, net profit attributable to mother is about 1.

180,000 yuan, an increase of about 99 in ten years.

7%; net profit after deducting non-attribution is about 0.

820,000 yuan, an increase of 103 in ten years.

8%; Q2 achieved revenue of about 15 in a single quarter.

710,000 yuan, an increase of about 67 in ten years.

8%, the net profit attributable to the mother in a single quarter is about 1.

20 ppm, an increase of about 79 in ten years.

2%.

Opinion: Engineering, home improvement wall paint are all in force, other businesses are also heavy, and revenue has increased significantly.

1) The sales volume of the company’s engineering wall paint in the first half of 2019 was about 20.

8 samples, income of about 10.

400 million, a big increase of about 76 in ten years.

4%, 65.

2%; sales of home improvement wall paint is about 6.

4 Initially, the income is about 4.

300 million, an increase of about 51 each year.

6%, 25.

6%, the total income of the wall paint business is about 14.

70,000 yuan, an increase of about 51 in ten years.

3%.

2) All businesses except wood paint have achieved rapid growth: the sales revenue of Kiev in the first half of 2019 was 13 respectively.

7 preliminary, 1.

600 million, an increase of 65 each year.

3%, 47.

8%; decoration project income 2.

20,000 yuan, a substantial increase of 416 per year.

8%; budget revenue from new business waterproofing1.

300 million.

Both prices and costs have fallen. It is expected that changes in the product mix will result in gross and minimum interest rates, and high revenue growth will dilute the management expense ratio.

1) Price and cost reduction: In the first half of 2019, the company’s engineering wall paint and home improvement wall paint prices were about 5.

0, 6.

7 yuan / kg, which decreases by 6 each year.

4%, 17.

1%, the company’s raw material emulsion, titanium dioxide, pigments and fillers purchase price of about 14 respectively.

9%, 7.7%, 11.

1%.

2) Structural changes lead to a decline in gross profit margin: the company’s comprehensive gross profit margin in the first half of 2019 was approximately 38.

9%, a decrease from the H1 gross profit margin of 2018 by 2%.

1pct, in the first half of the year, the growth rate of low-margin engineering wall paints, auxiliary materials, and construction business was significantly higher than that of high-margin home improvement paint business, and the waterproof business was added.related.
3) In the first half of 2019, the company’s sales and management expense ratios were 23 respectively.

5%, 5.

9%, a +0 shift from the first half of 2018.

4pct, -2.

5pct, of which Q2 sales, the management expense ratio is 22.

9%, 4.

5%, a +2 change from the second quarter of 2018.

6pct, -1.

9pct, because sales growth rate is higher than earlier income, we think that the slight increase in sales expense ratio is reasonable, meanwhile, the high income growth significantly dilutes the management expenses, and the management expense ratio drops sharply (the reduction of distribution incentive expenses also contributes to a certain extent -0.

5pct).

Gross profit margin, management expense ratio, income tax rate continued to decline, net profit margin improved, and the increase in the proportion of engineering business has not affected cash flow for the time being.

1) Gross profit margin, management expense rate continue to decline, government subsidies increase, and the return rate in the first half of 2019 is only 10.
.

8%, a decrease of about 8 from the first half of 2018.

8pct, the company’s 2019H1 net margin increased by 1.

3 points to 5.

7%; 2) The company ‘s engineering business has a high growth rate, its proportion is increasing rapidly, and its receivables are increasing, but we believe that the company has the ability to deposit money from upstream raw material companies (the maximum increase in payables at the end of June 2019 is 96).

2%), the company’s net cash replacement of 0 in the first half of 2019.

8.8 billion, compared with -1 in the first half of 2018.

09 million yuan, the construction business has not affected cash flow for the time being.

The employee shareholding plan was completed, and the incentive was further improved.

The second phase of the company’s employee shareholding plan in August 2019 completed the stock purchase, with a total capital of approximately 62.04 million yuan and an average transaction price of approximately 44.

28 yuan / share, the incentive mechanism goes further.

The “big industry small leader” in architectural decorative coatings can be expanded and improved, and the layout across regions and categories will accelerate.

The company’s engineering wall paint docking developers and other large customers quickly scaled up. As of the end of June 2019, they had signed strategic cooperation agreements with 8 of the top 10 domestic real estate, and the engineering distribution maintained a wide coverage, and subsequent continued expansion is expected;Subsequent brands of home improvement paint, specialty stores and service system integration continue to expand, and are expected to grow steadily in the future.

Since the second half of 2017, the company has announced the construction of production bases in Fujian, Anhui, Sichuan, Hebei and other places. The layout of waterproof coils, waterproof coatings, thermal insulation materials, putty powder, tile glue, interface agents and other categories have also been put on the agenda.Significant volume of waterproof business was achieved in six months, and the cross-region and cross-category layout accelerated.

Give “allow the trend” rating.

According to the company’s five-year development strategy plan, strive for 3?
5 years to become the world’s top ten paint brands, 5?
In 10 years, it has become a global leading brand in coatings, and the sales revenue from 2018 to 2022 has been reduced by no less than 30%.

The company’s penetration in the architectural coatings industry has increased its market share. At the same time, the cross-region and cross-category layout has strong momentum and is optimistic about the company’s medium- and long-term growth potential.

Considering the rapid expansion of the company’s scale and the significant reduction in the expense ratio, we expect the company’s 深圳桑拿网 revenue for 2019-2021 to be 58 due to the low net interest margin and the profit elasticity brought by the increase in net interest rate.

8, 82.

3, 113.

200 million, EPS is about 2.
26, 2.

88, 4.

04 yuan for 2019 PS2.
2-2.

5 times, corresponding to PE31?
35 times, reasonable value range 69.

42?
78.

89 yuan.

risk warning.

The prices of raw materials are on the rise; downstream demand is significant.

Dongyi Risheng (002713): Steady performance in 18 years, 19Q1 orders warmed up, home improvement leading steady development

Dongyi Risheng (002713): Steady performance in 18 years, 19Q1 orders warmed up, home improvement leading steady development

[Event]Dongyi Risheng released the 2018 annual report and 2019 quarterly report, and achieved revenue of 42 in 2018.

30,000 yuan, an increase of 16 in ten years.

36%, net profit attributable to mother 2.

53 ppm, an increase of 16 in ten years.

12%, an increase of 5 in the next ten years.

77%.

By quarter, Q1 / Q2 / Q3 / Q4 revenues increased by 34 respectively.

4% / 14.

3% / 27.

0% / 2.

5%, the growth rate of return to mother’s net profit for the ten years was -5.

7% / + 43.

1% / + 47.

0% /-4.

0%.

The company’s performance is in line with expectations, and a dividend of 0 is planned for 2018.

88 yuan / share with a dividend payout ratio of 90.

7%, dividend yield is about 4.

66%.

2019Q1 achieved revenue 7.

97 ppm, an increase of 11 years.

09%, net profit attributable to mother-0.

8 billion yuan, -0 in the same period last year.

62 trillion, performance in line with expectations, and within the notice period.

[Comment]1) The income of home improvement increased steadily, and the consolidated contribution contributed to the performance elasticity.

In 2018, the income of home improvement / public service / precious equipment sales increased by 12 respectively.

9% / 21.

8% / 533%.

① A6 business is steadily advancing.

At the front end, 13 new stores were added to 163, and we cooperated with the chain to capture the traffic entrance, and the average customer unit price is expected to increase by 1-2 million; upgrade, upgrade the product system, improve the operation and assessment indicators, and improve delivery capabilities.

② Sumei’s income began to increase.

We expect revenue to grow by more than 7南京夜网5%. At the front end, we will add 27 directly operated stores to 48, and lay out mainstream online channels. Gradually, system integration and store adjustment will be basically in place, and on-time delivery rate and customer satisfaction will increase.

③ The rapid growth of other businesses contributed to the elasticity of performance.

In terms of design, M & A targets contribute to the increase in revenue and increase the added value of the business; in terms of hardcover, we are working on prefabricated buildings to deepen the development of operating systems.

④ Revenue in Q1 2019 remained stable, A6’s main business grew steadily, and new business contributed incremental growth.

2) Profitability fluctuates steadily.

① The overall gross profit margin of both countries rose by 0 in 2018.

3pct to 37.2%, we expect 苏州夜网论坛 to be related to the increase in the proportion of high gross profit design income, engineering / design gross profit margin is relatively flat at 32.

6% / 67.

At 7%, gross margins for home improvement / seiko / public installation were 35.

8% / 60.

0% / 37.

3%.

Selling expense ratio rose 0 in half a year.

8 points to 16.

9%, the management expense rate is downgraded in ten years.

4pct to 8.

0%, mainly due to improved operating efficiency.

② Overall gross profit margin decreased by 1 in the first quarter of 2019.

3 points to 31.

0%, the sales / administrative expense rate rises by 1 each year.

2/0.

8 points to 23.

9% / 11.

9%, mainly due to increased investment in publicity.

3) The home improvement leader has obvious advantages, and the rebound in real estate has brought orders back up.

① In the short term, sales of real estate in the first and second tiers are picking up. The completion of real estate is expected to increase. The company’s Q1 new unit increased for many years.

7%, and a surplus on orders ($ 3.9 billion).

② In the long run, consumption upgrades promote the development of the assembly industry and increase market concentration. As a leader, Dongyi can expand with excellent front-end customer acquisition and gradual delivery capabilities.

③ In terms of business, we expect that A6 will continue to expand in different places in 2019, and cooperate with the chain to provide traffic entry, and the performance is expected to grow steadily; Sumei adjusted the store and perfected the system composition, consolidated the foundation for expansion, and increased the volume of revenue; saving and developingThe equipment further increased the unit price of customers, and the hardcover project contributed to the increase in revenue.

④In the near future, the company will start the construction of a second factory to supplement its own furniture production capacity, improve Yiritong Logistics to improve the efficiency of the supply chain, and continue to increase the system R & D to maintain delivery.

Investment rating: We expect the company’s EPS to be 1 in 2019-2021.

10/1.

27/1.

44 yuan, the corresponding PE is 17 respectively.

15/14.

94/13.

09X.

As a leader in home improvement, Dongyi has strong certainty in performance growth. Sumei’s heavy volume brings new growth momentum, and dividends and estimates attract attractiveness. (2018 dividend ratio 91%, change rate 4.
.

7%), maintained strongly recommended.

Risk warning: Sumei’s business development is less than expected, and the acquisition of subsidiaries fails to meet performance promises