[Is pizza hot?]_ Nutrition value_Type

[Is pizza hot?]_ Nutrition value_Type

Pizza comes from the West and is very popular and delicious food because it is relatively simple and can be put in many different flavors. It can be made into meat fillings or vegetable fillings.Can be made into fruit fillings, is very versatile, so it can meet all the needs of the public for taste, then we would like to ask if eating pizza will get angry?

The answer is no, let’s take a look.

The nutritional value of pizza1.

Nutrient-rich pizza is rich in raw materials, both meat and vegetables, and carbohydrates, which can supplement the body with a variety of nutrients.


Promote gastrointestinal peristalsis Meat and vegetables in pizza contain cellulose, which can promote human gastrointestinal peristalsis and digestion and absorption after eating.


Protein supplements In the process of making pizza, ingredients such as milk and cheese are added, which are rich in protein and can be used to supplement the protein needed by the human body in a timely manner.

  Eat pizza and get angry?

The answer is not to get angry. Many people think that getting angry is not a serious disease, but the physical getting angry is also very painful. The above is the introduction to whether eating pizza will get angry, so that you can better adjust when eating pizza.

2What are the types of pizza1. The reason why pan pizza is called pan pizza is because the pizza is actually baked in the pan, but otherwise.

Because there is oil in the baking pan, and the pizza baked in the usual way, the tilt of the pizza during baking has a slight crunchy feel and various flavors.

The pizza dough is a bit thick, which is the result of the pizza dough fermenting in a baking dish before baking.

Pizza topping ingredients and cheese are generally not limited to baking pan pizzas, and can be arbitrarily selected.

This style of pizza is more popular in the Southeastern United States.

  2. Thick style Thick style pizza is nothing more than a thicker version of a thin pizza base pizza.

It is usually baked on a sieve, baking sheet or directly in the oven.

The height or thickness of this type of pizza is achieved by the weight of the dough and the fermentation, rather than the thickness of the fermented pan pizza.

Quickly add the pizza sauce and topping ingredients after fermentation and bake in the oven in the usual way.

The baked pizza has the proper thickness, and the bottom of the cake is slightly crispy and moderately chewy.

This type of pizza is not regional, it is spread throughout the United States.

  3, Cracker and Thin Styles In the 1950s, Pizza Hut made the crispy base very popular, and until now they still have this feature.

According to TomLehmann of the American Academy of Baking, noodles are made while the dough is mixed until white flour is still visible (only about five minutes).

The dough for this pizza requires five or six hours to ferment, and a dough sheeter must be used to achieve the desired thickness and texture like a biscuit.

The crispy bottom style is to smooth the dough and make it spread out manually.

The texture of a true crisp base should be crispy on the outside and soft on the inside.

This type of pizza is usually topped with toppings and cheese, and uses a thinner pizza sauce for best results.

  4, take-out baked pizza (Take and Bake Style) This pizza is the latest style in the pizza step by step.

It starts at PapaMurphy on the west coast.

You’ve probably heard about this pizza style in the past year or two, unless you’re trapped in a desert isolated from the pizza world.

These pizzas are like other pizzas you make, the only difference is that they are not baked by you but by your customers.

This trend originated in Oregon, near Northern California and rapidly spread to the east in the past two years.

[How to clean shrimp]_How to clean_How to clean

[How to clean shrimp]_How to clean_How to clean

Shrimp have very rich nutritional ingredients, and proper eating has a great substitute for human health. In real life, more and more people like prawns, but we also know that prawns are delicious, and they are not easy to clean up, especiallyIf you make prawns at home and eat them without paying attention to the stains, it will not be harmful to the full use of the ingredients. On the contrary, it may cause food poisoning. What should you do?

The method of cleaning a prawn is mainly divided into 6 steps: 1. Wash the prawns first; 2. Cut off the long hair, cut off the feet, and cut the hard parts on the head;At the second section of the head; 4. Pull out half of the shrimp line; 5. Carefully pull the other half and pull out (sometimes the two halves come out together) 6. Rinse with a toothpick on the hard shell on the headJust fine.

Cleaning Tips: Rinse a few times with water, cut off the shrimp dripping in front of the eyes of the shrimp head, use scissors to pick out a black drop in the shrimp head, and then follow the six belly claws on the shrimp headCut open, the inside is the cheeks, pick it clean with scissors.

Then remove the shrimp intestines and clean the shrimp with a small toothbrush.

Soak in salt water for ten to fifteen minutes, remove and drain onto the pan!

Second, 1, cut the shrimp head and cut it from the shrimp brain at a 45-degree angle.

2. Use scissors to pick out the shrimp brain.

Black brain and red blood came out.

3. The front of the adjacent shrimp brain is shrimp yellow, which is a good thing. If you have yellow, you should carefully try to keep the shrimp yellow when you pick it.

4, gently pull out the shrimp brain, some shrimp intestines will be pulled out.

5. Cut the shrimp tail. If you don’t want to keep it good, cut the shrimp tail. When cutting, bring a little tail meat, because there may be some sphincter muscles that can’t be cut out and squeezed out, but it will squash the shrimp.

6. Squeeze the shrimp intestine, pinch the back of the shrimp with your index finger and thumb, and press hard on the tail, and the shrimp intestine comes out.

[Cake cream is better first?】 _Select_select

You are the best choice for you, and you are the best choice for you, and you will be happy if you want to know how to do it.Go to the front and back to the front and back to the top and back to the top and back to the top and back to the top and back to the top.e懗闈炲父鐖芥粦棣欐祿锛岃€屽ザ娌圭殑绉嶇被闈炲父澶氾紝鍏朵腑锛屾鐗╁ザ娌瑰拰鍔ㄧ墿濂舵补鏄瘮杈冨父鐢ㄧ殑涓ょ锛屼笅闈㈠氨鏉ョ湅鐪嬭泲绯曞ザ娌瑰摢绉嶅ソ鍛紵1銆佹鐗╁ザ娌规槸浜洪€犵殑锛屼富瑕佹垚鍒嗘槸妫曟娌瑰拰鐜夌背绯栨祮锛屾鐗╁ザ娌圭編涓界殑鈥滃琛ㄢ€濇潵鑷鐢ㄨ壊绱狅紝妞嶇墿濂舵补涓墰濂剁殑椋庡懗鏉ヨ嚜浜哄伐棣欐枡銆傝€屽姩鐗╁ザ娌规槸澶╃劧鐗涘ザ鎻愬彇鐗╋紝鍙堢О椴滃ザ娌广€佹贰濂舵补锛岀墰濂惰惀鍏讳环鍊兼洿楂橈紝浠锋牸鎴愭湰鏇撮珮銆傛鐗╁ザ娌瑰鏄撴墦鍙戯紝鎵撳彂鐜囪秴绾ч珮锛岃€屼笖瀹规槗鍋氶€犲瀷锛岃€愰珮娓╋紝甯傞潰涓婃紓浜殑閫犲瀷铔嬬硶澶ч儴鍒嗛兘鏄鐗╁ザ娌瑰仛鐨勩€傜浉姣斾箣涓嬶紝鍔ㄧ墿濂舵补鍗佸垎涓嶆槗鎵撳彂锛屼篃寰堥毦鍋氶€犲瀷锛屾洿涓嶈€愰珮娓╋紝鎵嬫俯閮借兘婧跺寲瀹冦€傛鐗╁ザ娌瑰彛鎰熷緢棣欑敎锛屽ザ娌归鑹查潪甯告磥鐧斤紝鑰屽姩鐗╁ザ娌瑰垯澶╃敓鍋忛粍涓€鐐癸紝鍛抽亾鍙f劅浼氭竻鐖戒竴浜涳紝骞朵笖The chain of altars is chopped up and down?銆佸姩鐗╂€ф贰濂舵补锛屽惉鐫€濂藉儚鎸轰笉鐜繚鐨勶紝鍏跺疄璺熺墰鐗涜韩涓婄殑鑴傝偑娌″暐鍏崇郴锛屽畠鏄粠鐗涘ザ閲屾彁鍑烘潵鐨勶紝鍛抽亾寰堥閱囥€傚垰鍝佸皾鐨勫彲鑳借繕涓嶈寰楁湁浠€涔堝お涓板瘜鐨勫懗閬擄紙鍥犱负瀹冧笉鐢滐級锛屼絾鏄箣鍚庯紝灏变細鍙戠幇鍙d腑鏈夌浉褰撴祿閮佽€屼笖鎸佷箙鐨勫ザ棣欍€傝繖鏄换浣曟鐗╁ザ娌归兘姣斾笉浜嗙殑銆傝€屼笖瀹冭繕姣旀鑴傜殑鏇村仴搴凤紝鐢ㄥ畠鍋氳1鑺变篃涓嶄細鑵荤殑銆傝櫧鐒跺姩鐗╁ザ娌规湁绉嶇鐨勫ソ澶勶紝浣嗘槸杩樻槸鏈変汉浼氳垗寮冨畠銆傚洜涓哄畠浠锋牸姣旇緝楂橈紝鍥犱负瀹冧笉濂芥墦鍙戯紝鍥犱负瀹冩墦鍙戝悗瑁辫姳瀹规槗杞寲銆傚叾瀹炶繖閮芥槸鍙互瑙e喅鐨勶紝姣斿鍦ㄥ姩鐗╂€уザ娌归噷鍔犱竴浜涘叏鑴傚ザ绮夛紝灏变細鎵撳緱鍙堝揩鍙堝ソ锛岃€屼笖閮戒笉鐢ㄥ姞绯栫殑锛屽張娣诲姞浜嗘祿閮佺殑濂堕銆?

[How to make milk-flavored oat buns]_Home-made methods of milk-flavored oat buns_How to make milk-flavored oat buns_How to make milk-flavored oat buns

[How to make milk-flavored oat buns]_Home-made methods of milk-flavored oat buns_How to make milk-flavored oat buns_How to make milk-flavored oat buns

For many foodies, seeing food is their greatest happiness, so today I will give you a chance to learn with me and try to make this milky oatmeal bun. I believe that you will eat it with your own handsMore delicious!


Warm the milk. Don’t burn your hands. You can feel the temperature in your hands to melt the yeast.


Flour, washed oats, knead together to form a dough, and leave in a warm place to ferment.


Fermentation to the second level, knead back to the original, be sure to knead for a while, the more thorough the kneading, the smoother the steamed bread.


Split into groups and knead into buns.

Or make it directly with a knife.


The secondary fermentation is sufficient.

I left it for two or three hours.

Bring the pot to a boil with water, get angry, simmer for one minute on high heat, steam for 25 minutes on medium heat, turn off the heat, and uncover the lid after three to five minutes.

Maybe you have eaten countless mountain and sea food, maybe you never cook yourself.

But after reading the introduction of the milk-flavored oatmeal buns, you definitely want to try it yourself, then hurry up.

[Effects and Uses of Clove Bubble Alcohol]_Think_Benefits

[Effects and Uses of Clove Bubble Alcohol]_Think_Benefits

Clove is a plant, and everyone generally uses it as a seasoning in life.

The taste of clove is relatively spicy, and it can play a good effect in adding food to it.

In addition to being a seasoning, clove is a medicinal material with many effects, which has a better effect on warming the stomach.

Clove sparkling wine has too many uses.

So, what are the functions and uses of clove alcohol?

Lilac flowers belong to deciduous shrubs or small trees, with various varieties.

Too many kinds of flowers in this genus are raw materials for extracting essences and formulating advanced fragrances.

In terms of food, cloves are often used as food seasonings because of their strong aroma and spicy taste. Nitrate is often used as an auxiliary ingredient for cooking flavor seasonings, stewed vegetables and pickles.

The clove’s flavor is warm and mild in nature.

Basically, it is a good warming medicine that can reduce abdominal distension and enhance digestion.

Clove contains clove oil, which has a good inhibitory effect on pathogenic bacteria.

Clove attends modern research, has the ability to promote gastric secretion, enhance digestion, reduce nausea and vomiting, relieve obesity and bloating, has analgesic effect, is good for antithrombotic, and also has antioxidative effect, and has certain effect on alleviating obesityThe role and efficacy of health care.

Clove constituents and modern pharmacological studies. Clove contains eugenol, eugenol, eugenone, heptone, methyl salicylate, benzyl alcohol, benzaldehyde and other ingredients.

These nutrients are useful and useful for medicinal purposes, but please note that cloves are not suitable for people with internal heat.

Daily usage of cloves: 1?
3g, decoction; topical: apply powder at the end of research.

In addition, it can also be eaten by the method of stewing, which has the effect of strengthening the spleen and invigorating fatigue, and can also be decoction with water, which is good for conditioning the physique.

[Is the cooked Pu’er getting angry]_affect_hazard

[Is the cooked Pu’er getting angry]_affect_hazard

Most people drink some heat-removing tea when they get angry, because tea has the effect of removing heat and soy sauce, and drinking tea often has many benefits for our body, but when drinking teaWhen you must pay attention to the overnight tea is not drinkable, because the overnight tea will produce a substance harmful to the body, so can regular drinking Pu-erh tea get angry?

The tea made from Yunnan large-leaf seed sun-haired green tea is processed through fermenting and other processes, and is called Pu’er ripe tea.

Pu’er ripe tea has a brownish red color, pure taste, and unique scent.

Pu’er cooked tea is very popular because of its mild tea and better health functions.

Due to the hot nature of the cooked tea, especially the cooked tea within 3 years of leaving the factory, the fire has not yet subsided. Some people will feel hot and constipated when they drink it.

5 years old tea is much better.

So drink cooked Pu’er tea to get angry?

The answer is: cooked tea is mild and nourishing, so you can drink more.

But drinking too much in the hot summer will get angry.

Is it hot now to drink cooked Pu’er tea?


Today, I shared some tea friends’ experience in drinking Pu’er tea in summer: 1. Freezing method: After making cooked tea, freeze it in the refrigerator, but do not leave it overnight, be careful not to deteriorate.

2. Honey method: After brewing the cooked tea, cool it to a mild degree, transfer it to honey, suitable for drinking on an empty stomach in the morning.

3, blending method: cooked tea and raw tea are mixed and drunk, the proportion of different tea products is different, you have to explore it yourself, generally add 15% to 50% raw tea.

Note: Don’t be greedy, if you eat a lot of cold drinks in a short period of time, you will hurt the body fluid, not only will you have symptoms of gastrointestinal upset, but you will often get colds due to the decline in resistance in autumn!

Is it hot to drink cooked Pu’er tea?

I believe tea friends have no doubt about this.

Remind everyone that tea friends should choose the refreshments according to their constitutions and preferences. At the same time, friends who have a bad stomach, better choose cooked tea to taste.

[How bright the long-spotted banana is, the housewife should know more]

The sound of the song is not so good, and it’s hard to press the button to make it simple. It’s very simple. It’s fine. Father Ning Hao picks it out. It’s very easy to change it.暱鏂戔€濓紝寰堝浜鸿寰楄繖鏄钑夌儌鎺変簡锛屽叾瀹炰笉鏄殑锛岄暱鏂戠殑棣欒晧鍔熸晥鏇村己锛屼笅闈㈠皬缂栦负澶у鐩樼偣浜?What is the best way to get rid of it?Lonely and unlucky?銆佽传琛€锛氶暱鏂戦钑夐搧璐ㄥ惈閲忛珮锛岃兘鍒烘縺琛€娑插唴鐨勮鑹茬礌銆?銆侀珮琛€鍘嬶細闀挎枒棣欒晧鍚瀬楂橀噺鐨勯捑锛屼絾鐩愪唤浣庯紝鏈€鐞嗘兂鏄檷琛€鍘嬨€傛渶杩戯紝缇庡浗椋熷搧鍙婅嵂鐗╃鐞嗗眬瀹e竷锛屽厑璁搁钑変笟瀹d紶锛氶暱鏂戦钑夎兘闄嶄綆琛€鍘嬮珮鍜屼腑椋庢満浼氥€?銆佽剳鍔涳細鍦ㄨ嫳鍥絋wickenha灏辨湁200鍚嶅鐢燂紝涓轰簡瑕佹彁鍗囪剳鍔涳紝甯姪鑰冭瘯锛屽湪瀛︽湡寮€濮嬶紝浜庢棭椁愩€佸皬浼戝拰鍗堥キ锛岄兘鍚冮€傞噺闀挎枒棣欒晧銆傜爺绌舵樉绀猴紝鍚赴瀵岄捑璐ㄧ殑闀挎枒棣欒晧锛岃兘鎻愰珮瀛︾敓鐨勪笓娉ㄥ姏锛屽浠栦滑璇讳功鏈夋墍甯姪銆? 123456

[How to make soup with coconut]_How to make_Methods

[How to make soup with coconut]_How to make_Methods

Presumably when many people eat coconut, they knock the coconut shell directly into the coconut juice.

And after the coconut juice is completely completed, the coconut meat on the coconut shell is peeled to make other desserts.

In fact, coconut is a kind of fruit with a whole body of treasure. Whether it is coconut juice or coconut meat, it can play a good nutritional supplement to the human body.

If you use coconut shell to cook soup, you can also fully use the effect of coconut shell, so how should coconut shell cook soup?

1) Coconut Lemongrass Chicken Soup Practice: 1. Add half a ginger to the old hen (without ginger) to make soup.

Peel the old coconut and pour out the coconut water and put it in the cooking machine to make juice. The white coconut juice comes out.

2. Wrap out the juice with a fish bag.

(This step is very simple.

Because coconut oil is rich.

It’s easy to wring).

3. Heat the coconut juice to the fast opening state and add it to the chicken soup that has been boiled for 40 minutes.


You need to heat the coconut juice before pouring in).

4. Add the cut lemongrass stalks.

Straw mushroom / lemon leaf / acid water (without adding plum juice or white vinegar) cook for another 15 minutes.

5. Add fish sauce / sugar seasoning and add three spoons of lemon juice to turn off the heat.

If you don’t want to drink sour soup, just add lemongrass and coconut juice and season with salt to make it a very delicious coconut chicken soup.

If you add sour, it will become an exotic flavor soup.

Choose between two flavors.

I did n’t buy lemon leaves here.

I used lemon slices.

Both ginger and lemongrass have special flavors.

Generally cannot be replaced by other.

The soup looked very oily.

It’s not just chicken fat.

The oil in coconut juice can be too much.

Coconut must taste the old beaten juice to taste.

The filtered dross can be placed in a baking sheet if you are interested.

Open the oven between 130 — 150 and let it dry slowly.

You get coconut.

But it takes longer to bake.

Do not use strong fire.

It will change color.

Coconut was originally no longer nutritional.

2) Broccoli Double Coconut Soup Ingredients: 500 grams of broccoli, 1 coconut green, 30 grams of submarine coconut, 20 grams of ginseng and jade bamboo, 2 jujubes, and water.

Method: Wash everything, take the green coconut to retain the meat, pour the water into the clay pot, add coconut juice, coconut meat, sea coconut, sea cucumber, jade bamboo and candied dates, boil the broccoli, and change to a hot pot for a halfEvery hour, you can increase, clear and reduce fire.

3) Coconut Tremella Pot Chicken (Hong Kong and Taiwan cuisine) Ingredients: 1 chicken (about 500 grams), 1 coconut, 40 grams of dried Tremella, 12 jujubes, 3 slices of ginger.

The right amount of salt.Practice: 1 Peel the coconut, take its coconut water and fresh coconut meat.

2 Heat chicken gizzards and set aside.

3 Soak the Tremella for 15 minutes, wash it and take it for later use.

4 Put the chicken in a pot, heat the water over the chicken, boil over high heat, and simmer for 45 minutes on medium heat.

Add Tremella, red dates, and ginger slices, cook for 45 minutes, and season with salt.

Tip: The fiber in coconut meat has the effect of slimming.

The whole coconut is very difficult to get coconut juice and coconut meat at home. When buying, ask the seller to cut it and help to remove the coconut water and fresh coconut meat. This can be convenient and labor-saving.

Operating time: 110 minutes: Soak in water for 15 minutes → wash for 2 minutes → blanch for 1 minute → cook for 90 minutes → season for 1 minute → bowl for 1 minute 4) Coconut Black Bean Soup Ingredients: 1 coconut meat, 50 grams of black beans, Nanzao 8Grains and water.
Practice: Wash black beans and soak them for 1?
After 2 hours, cut the coconut meat into strips, wash the jujube, put the water and ingredients into a clay pot, boil on a fire, and turn to a low heat for two hours to replenish the blood and strengthen the body.

5) Coconut Fresh Milk Chicken Soup Ingredients: 1 coconut, 1 black chicken, 500 ml of fresh milk, 8 jujubes, and water.

Method: Take the coconut juice and meat, cut the meat into pieces, wash and kill the black chicken, cut into large pieces, pick up the water, wash the red dates to remove the kernels, pour the water and coconut juice into a clay pot and boil, add the coconut meat, chickenBoil with red dates, turn to a simmering pot for an hour and a half, roll the milk for another 10 minutes, season with a small amount of salt, and place it to nourish qi and blood, and nourish yin and beauty.

Chihong Zinc and Germanium (600497): Falling prices dragged down net profit

Chihong Zinc and Germanium (600497): Falling prices dragged down net profit
The 19-year interim report was released, and the decline in net profit attributable to mothers decreased by 4%.69% of the companies released their 19-year interim report on August 23: 2019H1 gradually realized operating income of 97.43 ppm, a decrease of 5 per year.78%; net profit attributable to mother 6.97 ppm, a decrease 苏州桑拿 of 4 per year.69%; net profit after deduction is 6.600 million, down 9 every year.18%, EPS is 0.14 yuan.In the second quarter of 19, revenue was 50.00 ppm, a decrease of 7 per year.98%; net profit attributable to mother 3.34 ppm, an increase of 2 per year.23%; net profit after deduction to mother 3.07 billion, down 6 every year.78%.The decline in sales prices of the company’s main products dragged down the performance, and the company’s performance slightly exceeded our long-term expectations.The EPS for 19-21 is predicted to be 0.22/0.24/0.26 yuan, maintain “Neutral” rating. The formaldehyde content of major products and the increase in the expense ratio during the sales period dragged down the performance. According to the 19-year report, the sales prices of the company’s main products, lead and zinc, have fallen sharply.It is said that the average price of refined zinc in the first half of 1921 yuan / ton, about 15% per ton; the average price of refined zinc in the first half of 1916785 yuan / ton, about 13% per replacement.In terms of costs, financial costs have fallen by 12 per year.31%, mainly due to the decrease in the coefficient of interest from the same period of the previous year, the decrease in index expenditure and the change in exchange losses and gains; the management costs increased slightly.84%; sales expenses increased significantly 8.58%, mainly due to the increase in transportation fees for products sold.In the case of product price fluctuations, the company effectively reduced the expense ratio compared to the same period last year; according to the wind, the company’s expense ratio increased by 0 during the sales period.16 pct. The significant improvement in the output of 2019H1 germanium products compared to the same period of the previous two years is reported to be the 19th interim report. In the first half of 19, the company’s actual output of lead metal4.37 Cobalt, zinc metal amount 12.22 ounces.Lead-zinc refining products are actually completed23.54 spindles, of which lead ingot 3.93 cobalt, lead-based alloy 0.047 spindle; zinc ingot 14.17 cobalt, zinc alloy 5.39 inches.The actual extruded germanium product contains germanium 23.94 tons, silver products 10.76 tons.In 19, the company plans to sinter lead-zinc metal 35 additives and refine lead-zinc oxide 47.23 cobalt, of which: zinc ingot 29.7 additives, zinc alloy 8 additives, lead ingot 9.53 ounces.It plans to launch 38 tons of germanium products.90 tons of emerging silver products are planned.The output of H1 germanium products in 19 changed from the same period in the previous year and the same period in 18 and changed by 12.82, 10.04 initial. Stripping off some assets and focusing on the development of the main business It is reported that in the 19-year interim report, as of the end of the reporting period, a wholly-owned subsidiary, Yiliang Chihong, had taken its share-holding company Yunluhai Haixin11.All 01% of the shares were transferred to Yunnan Aluminum Co., Ltd .; in addition, the company has withdrawn its 49% stake in Beifang Chihong, a joint stock company, through capital reduction.The company’s divestiture of the assets is intended to focus on the main business and give full play to the company’s own germanium resource advantages. The quality of major products declined, and the output of lead products maintained by the company with a “Neutral” rating was higher than our expectation. The company’s 19-21 year revenue is expected to be 193.14,205.83, 218.3.1 billion, net profit attributable to mother is 11.36, 11.98, 13.02 ppm, a 19- to 19-year adjustment from the previous forecast.97 %%, 7.06%, 3.99%, corresponding to PE is 21, 20, 18 times.With reference to comparable companies, the average PE level in 2019 is 14 杭州桑拿网 times. Because the company is a leader in the industry, it gives a certain estimated premium and a 20-21 times PE range in 19 years, corresponding to a company target price of 4.44-4.62 yuan, the decline in product quality is estimated to be relatively high for the company, maintaining a “neutral” level. Risk Warning: The price of lead and zinc and other metals has fallen, and mining and mining volume have fallen short of expectations.

Great Wall Motor (601633) 2019 Third Quarterly Report Review: Third-Quarter Profit Exceeds Expectations to Continue to Improve

Great Wall Motor (601633) 2019 Third Quarterly Report Review: Third-Quarter Profit Exceeds Expectations to Continue to Improve
Brief comment on the performance of Great Wall Motor in the first three quarters of 2019, the net profit attributable to mothers and the net profit after deducting non-attributions were 625.7.8 billion, 29.1.7 billion, 25.89, down 6 respectively.1%, 25.7%, 28.65%. In the third quarter of 2019, it realized revenue and its net profit attributable to its mothers was 212.02 ppm and 14 ppm, increasing by 18 each year.01%, 507%. Business analysis of sales performance prospects industry: cumulative sales in the first three quarters.40,000, an annual increase of 7.01% (market-10.3%), the market share has increased.Haval brand sales totaled 52.10,000, an increase of 11 in ten years.58%, of which the F series exceeds 120,000, complementing the H series; WEY sells 6.980,000, New Year’s Eve 33.8%, reflecting the pressure caused by the price drops of joint venture brands; Euler brand sales3.20,000 units, R1 ranked in the top ten of new energy vehicles; Fengjun pickup sales 9.80,000, an annual increase of 0.45%, the faucet is stable up and down. Promotions narrowed and costs decreased, and profits increased 507% in ten years: (1) The base in the third quarter of 2018 was low, and the sales promotion in this quarter was large, with high sales expenses (accounting for 5 of revenue).5%), low gross margin (15.6%), bicycle net profit was only 1125 yuan, quarterly net profit continued to drop 49.8%; (2) 2019Q3 sales increased by 12 year-on-year.4%; (3) Adopted a number of new vehicles to go on the market, and the sales promotion margin was narrowed after the inventory was cleared, and the bicycle revenue increased from 8 in 2018Q3.60,000 gradually increased to 9 in 2019Q3.20,000, an annual increase of 7%; the net profit of bicycles increased from 1125 yuan to 6072 yuan, an annual increase of 440%; (4) the reduction of expenses, tax and fee reductions helped to reduce business taxes and surcharges1.04pct; advertising costs decreased while marketing costs decreased by 1.38pct; exchange loss gains and losses and interest expenses decreased, and financial expenses decreased by 1.49 points; R & D expenses increased by 武汉夜生活网 0.76pct reached 5.600 million, the four expense ratios have been reduced from 15% in 2018Q3 to 11 in 2019Q3.7%. Profit adjustment and investment advice The company’s Q3 earnings growth exceeded expectations. In the first three quarters, sales volume increased against the trend. Sales volume, bicycle revenue, net profit improvement continued, and profit elasticity decreased.Q4 sales are forecast to remain unchanged from last year at 37.60,000, previously sold 1.1 million, an increase of 4 per year.5%.In the long term, the company has electrified, pickup truck and overseas business with continuous growth potential. It is predicted that the company’s EPS for 2019/2020/2021 will be 0.48/0.65/0.76 yuan, corresponding to the current expected PE is 17/12/10 times.Give the company 18 times PE in 2020 with a target price of 11.35 yuan, maintain “Buy” rating. Risks suggest that macroeconomic forecasts predict a decline in car purchase demand; uncertainties in the implementation of industry policies; new energy vehicles make uphill slopes more than expected; company products are not recognized; company products are too single risk.