CITIC Securities (600030) performance review for the first half of 2019: self-operated business is the main driver of performance

CITIC Securities (600030) performance review for the first half of 2019: self-operated business is the main driver of performance

Performance growth was in line with expectations.

In the first half of 2019, the company achieved operating income of 217.

9.1 billion, +9 in ten years.

00%; net profit attributable to mother is 64.

4.6 billion, +15 per year.

82%, net profit of 64 non-return to mother.

1 billion, ten years +15.

65%, the quality of net profit is good; total assets at the end of the period were 7,238.

6.6 billion yuan, up 10 from the end of 2018

83%, attributable to the shareholders’ equity is 1560.

1.0 billion, an increase of 1 over the end of 2018.

87%, lever ratio is 3.

90 times, an increase of 0 from the end of 2018.

24 times.

The overall revenue structure is balanced.

Brokerage, investment bank, asset management, credit, self-employed and other businesses’ net income accounted for 17 of the revenue respectively.

43%, 8.

28%, 12.

23%, 6.

32%, 32.

93% and 18.

55%, of which net income from self-operated business accounted for the remainder of the increase compared to the end of 2018, +11.

31pct, the proportion of other businesses’ net income is stable, and the company’s business structure is generally balanced.

During the reporting period, net income from proprietary operations had a positive contribution to net profit, but net income from changes in fair value had a negative contribution to net profit conversion.

Equity and bond underwriting both grew.

In the first half of 2019, the company’s net income from securities underwriting business was 18.

4.0 billion, +3 per year.

09%, mainly driven by the double growth of the scale of underwriting of stock bonds.

Reporting period: The company completed the underwriting amount of A shares of RMB 1228.

6.9 billion yuan (including private placement of assets), with a market share of 20.

13%, ranking first in the market, and the amount of equity underwriting is +34 per year.

70%, of which the underwriting amount of the IPO is RMB 160.

2.9 billion, +101 per year.

62%, the refinancing lead underwriting amount was RMB 1068.

4 billion, +28南京夜生活网.

31%; the company’s main underwriting amount is RMB 4,528.

6.9 billion yuan, market share4.

92%, the bond underwriting amount and the number of underwriting rank the first in the industry, the main underwriting amount +72 per second.56%; the company’s A-share major asset restructuring transaction amounted to approximately RMB 37.5 billion, ranking third in the industry.

As of August 22, as the main sponsor, the company sponsored 11 science and technology board companies, ranking third in the industry, providing protection for investment banking business income in the second half of the year.

Brokerage business net income and market share dropped slightly.

In the first half of 2019, the company’s net income from brokerage fees was 37.

9.9 billion yuan, at least -7.

61%, mainly dragged down by the subsidiary’s brokerage business. During the reporting period, the subsidiary’s brokerage business net income was -7 per year.

78%.

During the reporting period, the company’s agency stock fund transactions totaled RMB 8.

2 trillion yuan, with a market share of 5.

55%, a total of -0 compared to the same period last year.

45pct, mainly because the company’s institutional customers account for a relatively high proportion, institutional customers turnover rate is lower than individual customers, resulting in market share decline.

Proprietary business income is the main driver of net profit growth.

In the first half of 2019, the company’s net operating income (net investment income-investment income to associates and joint ventures + net net income from changes in fair value) was 71.

7.5 billion, +45 a year.

01%, mainly benefiting from the market recovery, increasing investment income from disposal of financial instruments (+490 each time).

37%).

Net income from proprietary operations was the main driver of the increase in net profit attributable to mothers.

At the end of the reporting period, the company’s financial assets were 3,197.

9.8 billion, an increase of 6 from the end of 2018.

85%, of which 2,663 are financial assets traded.

3.4 billion, other debt investment was 368.

7.5 billion, investment in other equity instruments was 165.

9 billion; the nominal amount of derivative financial instruments is 10,752.

6.9 billion yuan, +7 from the end of 2018.

34%.

Asset management scale shrinks.

In the first half of 2019, the company’s net income from the client’s asset management business was 26.

6.6 billion a year-8.

42%, mainly affected by the shrinkage of asset management scale.

At the end of the reporting period, the company’s asset management scale was RMB 12,969.

1.3 billion a year -15.

44%, actively managing the scale of RMB 5,531.

1.1 billion per year -3.

44%, of which, the scale of collective asset management plans, the size of single asset management plans and the scale of special asset management plans are divided by -22.

90%, -14.

58%, -50.

36%.

At the end of the reporting period, the company ‘s private equity asset management business (excluding social security funds, basic pensions, enterprise annuities, occupational annuities, large collective products, pension collective products, asset securitization products) market share under the new asset management regulations.

98%, ranking first in the industry.

The scale of stock pledges and funds raised doubled.In the first half of 2019, the company’s net interest income was 13.

7.8 billion, +47 per year.

85%, mainly benefited from the increase in the scale of stock pledges and funds raised.

Affected by the market recovery, the decline in credit risk and the active influence of investors, at the end of the reporting period, the company’s own capital stock pledge size was 436.

8.3 billion, with a surplus of 644.

8.8 billion yuan, respectively +13 from the end of 2018.

53%, 12.

75%; provision for impairment of financial assets purchased under resale during the reporting period3.

8.5 billion per year -12.

53%.

Investment Advice.

It is expected that the company’s EPS for 2019 and 2020 will be 1.

10 yuan, 1.

33 yuan, corresponding to the closing price on August 23, 2019, the PE in 2019 and 2020 are 20.

58 times, 17.

02 times, PB is 1.

79 times, giving the company a cautious recommendation level.

risk warning.

The economy exceeded expectations, the stock market fell sharply, and the Sino-US trade friction worsened.

Shanghai Electric Power (002463): Long-term performance growth and profitability hit a record high

Shanghai Electric Power (002463): Long-term performance growth and profitability hit a record high

Initial performance growth and profitability hit a record high.

Company revenue in 2018 was 54.

$ 9.7 billion, an increase of 18 per year.

81%; net profit attributable to mother 5.

70 ppm, an increase of 180 in ten years.

29%; the company’s comprehensive gross profit margin is 23.

41%, the overall approved interest rate has returned to the industry-leading level and broke the company’s historical record.

The high growth expectation of the company’s performance is that Huangshi Factory turned losses into profit, Huli Microelectronics still maintained stable growth, and the profitability of Qingye Factory was restored and 厦门夜网 broke through the highest level in history.

The company expects that the net profit attributable to mothers in Q1 2019 will be 1.

4-1.

70,000 yuan, an increase of 99 in ten years.

48% -142.

22%. Expected operating income and gross profit margin have increased from the same period last year.

  Benefiting from the start of 5G construction, the enterprise communication board business has entered a long-term dividend period.

Corporate Communications Board Revenue in 201834.

85 ppm, an increase of 20 in ten years.

02%; gross profit margin 24.

66%, an annual increase of 7.

10%.

5G temporary shooting will be submitted in 2019 to start 5G trial commercial construction. It is expected that the 5G construction cycle will continue for 5-7 years and the number of base stations will reach 1 for 4G.

More than 5 times, the transition from passive antennas to active antennas will form a strong demand for PCB boards.

The company’s enterprise communication products are leading in the industry, integrating Huawei, Ericsson and other well-known customers at home and abroad. 5G products have completed most of the product technology certifications in 2018, and have participated in the construction of multiple 5G test networks around the world.

  Optimize the product structure of automotive panels and expand competitive advantages to ensure growth.

The company’s auto plate revenue in 201812.

82 ppm, an increase of 13 in ten years.

64%; gross margin is 24.

01%, an annual increase of 2.

00%.

The company continues to optimize the automotive board customers and product structure. Both 24GHz automotive high-frequency radar and PCB products for BMS have achieved rapid growth, and 77Ghz automotive ranging radars have also begun to provide stable supply.

The global automotive electronics market in 2019 is not optimistic. Domestic competition may intensify. The company will focus on the high-end, safe automotive plate field, accelerate research and development investment in new technologies, and reduce costs to maintain and expand its competitive advantage.

  Profit forecast and investment suggestions: Through the increase of the company’s production capacity and the proportion of high-end products, it is estimated that the net profit attributable to mothers in 2019-2021 will be 7 respectively.

27/9.

03/11.

23 ppm, the current sustainable corresponding dynamic PE is 26/21/17 times, maintaining the “overweight” level.

  Risk warning: 5G 北京夜生活网 and auto plate demand are less than expected; capacity improvement is less than expected.

Nupuxin (002215) Semi-annual Report Comment: Revenue Expectation Expects Heavy Growth in Planting Business

Nupuxin (002215) Semi-annual Report Comment: Revenue Expectation Expects Heavy Growth in Planting Business
Performance in line with expectations The company issued a 19-year interim report and achieved revenue 24 in 18 years.53 ppm, an increase of 4 per year.38%, net profit attributable to mother 2.69 ppm, a decrease of 5 per year.65%, deducting non-net profit 2.46 ppm, a 10-year increase2.51%, EPS0.3 yuan.Performance is in line with expectations. Revenue increased slightly, strengthening distributors’ control of the company’s formulation business revenue13.67 ppm, 10-year average4.67%, mainly due to the sluggish global demand for pesticides, prices fell.According to the statistics of the Pesticide Association, the pesticide price index CAPI in May was 98.22, down 5 from the beginning.92 points.Consolidated distributor income10.$ 7.7 billion increased by 17.9%, consolidated net profit of 11.88 million yuan, every 23.44%; there are 54 controlling distributors, 41 of which are consolidated, and 77 participating distributors. The decrease in the number of shares is mainly due to the company’s strengthening of the management of participating distributors, taking the initiative to overcome the disadvantages, and shifting from quantity to quality.The company’s operating cash flow improved significantly after strengthening dealer control, with a net turnover in the first half of 19 1.9.6 billion, a decrease of 4.2.9 billion. Distributors’ net profit decreased, and we expect that short-term expenses will increase mainly due to the invasion of special crops in the early stages and the time required.Profitability remained stable with a gross profit margin of 28 in the first half.75% fell slightly by 1 every week.2PCT, the period rate is also reduced by 1.2PCT, the decrease in net profit was mainly due to a decrease in investment income exceeding 52.4 million.The overall operation of the company is stable. Pesticide management is becoming stricter, and the expansion of the formulation leader is expected to enhance the company’s leadership in the pesticide formulation industry in China. Last year, its revenue was close to the sum of the second and third places, and its market share was only 4% (Zhuochuang Information, Agricultural Resources Market Network).The decentralization of the industry is mainly due to the lowest industry supervision. The new version of the Pesticide Management Regulations was officially implemented in June 17th. The formulation market will be gradually standardized. The impact of environmental protection policies on the original medicines will also accelerate the licensing. With reference to mature foreign markets, we believe that Nuoxin has a market shareImprove significantly. The offline advantage is obvious, and it is worth looking forward to the cultivation of characteristic crops. The company focuses on high-value characteristic crop industrial chain operations, adopts a new model of agricultural science and technology industrial park development of “company + farmers + partners”, and operates the entire industrial chain.The company’s own brand of red heart dragon fruit has laid out more than 7,000 acres. It has established joint ventures with Baiguoyuan, Tiandiren and other companies to gather the superior resources of all parties to create a pathway from breeding and seedlings, planting systems, channel sales and brands to create first-classDragon fruit single crop industry chain. Earnings forecast and investment recommendations are affected by the downturn in weather and pesticide demand, and the company’s EPS forecasts for 2019-2021 are reduced to 0 respectively.36/0.45/0.59 yuan (previous value was 0.45/0.58/0.69 yuan) The current sustainable corresponding 19-19-21 PE is 17.8X, 14.2X, 10.8 times.The company is a leader in the pesticide preparation industry. The company’s market share will be gradually increased by strengthening supervision. The company will change its 杭州养生会所 comprehensive agricultural services and cooperate with companies such as Baiguoyuan. Special crops are expected to grow next year.Give 19 times 22 times PE, target price 7.92 yuan, maintain BUY rating. Risk reminders: product prices go down; the progress of new projects in production is not up to expectations; production safety risks;

Jinke Co. (000656) first coverage report: Southwest Wangmou Bureau nationwide, high growth value underestimated

Jinke Co. (000656) first coverage report: Southwest Wangmou Bureau nationwide, high growth value underestimated
The expansion from Chengyu to the whole country, the layout of the second and third lines mainly: 1) The company’s national strategic layout was initially completed: the company was established in Chongqing in 1998 and continued to cultivate the Sichuan and Chongqing markets.The new strategy of “One Belt” will lock in the “Ten Core Cities”. As of 2018, the company has completed the strategic layout of “Three Rings and One Belt, eight major urban agglomerations and 25 core cities”; 2) The company’s main layout is second and third tiers, and the soil reserve exceeds 5,600 yuan: the companyPositioning layout is mainly on the second and third tiers, and second and third tier cities account for more than 80%.As of the 2019 Interim Report, the company’s saleable construction area of hand soil storage is about 5,600 GM, and the corresponding value is about 5,433 trillion, which is enough for sales in the next 2-3 years.In terms of different regions, the company’s land acquisition structure has been adjusted. Chongqing, Yangtze River Delta, Hubei, Hunan and Shandong are the new key areas. Among the newly added soil 合肥夜网 reserves in 2019H1, Chongqing + Sichuan accounted for only 27%, of which Chongqing’s share fell from 35% to 12%. The three regions’ total share is still 19%, but the Yangtze River Delta increased to 16%.And Shandong, Henan, Hunan, Hubei, Yunnan and other provinces and cities increased the proportion of new soil storage area. Sales growth leads the industry, and settlement profits are steadily increasing: 1) It is expected that sales in 2020 will exceed 200 billion yuan: the company’s cumulative sales growth in 2017 and 2018 were 97.49% vs. 88.57%, 2019H1 sales amount increased by 40 in ten years.10%, sales area growth rate of 20.37%.In 2019, the company achieved sales of 180.3 billion yuan, exceeding the growth rate by 40%, exceeding the existing gradual sales target and leading the growth rate in the industry.We expect the 天津夜网 company to exceed 2000 trillion in 2020.2) The gross profit margin of settlement has steadily increased, and the net debt ratio has fallen steadily: ROE driven by the growth of sales profit margin has increased significantly. The net profit growth rate of 19H1 is + 289%.The company’s gross profit margin and net sales attributable to mothers are 30.3% and 12.13%, an increase of 1 over 2018.74pct and 2.38 points; the price of three fees is 10.2%, a decline of 2 per year.7pct, in which the sales rate and financial rate decreased by 1.5pct and 1.0pct.At the end of the reporting period, the company’s asset debt ratio and net debt ratio were 83.9%, 147.5%, respectively -0 per year.9pct, -11.9%.The growth rate of the company’s return to net profit was significantly higher than the growth rate of revenue, mainly due to the 17 years of high-margin projects entering the settlement and harvest period, and the gross profit margin increased significantly. The top ten property service industries, the value of property rights is underestimated: 1) the contract area of the property 2.400 million flats, top 10 in the industry: In 2019, Jinke Property Services ranked 10th in the Top 100, with a contract management area of about 2.At 3.9 billion yuan, the external competitiveness is extremely strong, with a total market value of more than 10 billion yuan.2019H1 property revenue scale reached 12.03 ‰, 84% year-on-year, and net profit reached 1.59 trillion, 260% year-on-year.At the same time, the company’s profitability has continued to improve, with gross profit and net profit of 23 in 2019H1.6%, 13.2%, considerable profit level.In addition to the project’s completion and delivery, the company’s projects also have a strong competitiveness in the tripartite expansion.The number of companies entering the city increased from 60+ to 149+ in 2016-2018, surpassing 100 cities in the layout of real estate projects, and the number of projects under management rose from 60 to 149. The average number of projects under management in each city was about 5 and was basically stable., Indicating that the company is highly competitive in terms of tripartite expansion.2) The estimated property is estimated to be close to RMB 10 billion, and the market is not fully found. It may not be ruled out that it may be divided into listings. Currently, the 11th and 12th companies in the industry are China Overseas Property Co., Ltd. and Blu-Ray Garbo Property Co., Ltd., currently (January 10, 2020).The market value is 17 billion Hong Kong dollars, 87.The total market value of the company’s property sector is more than 10 billion Hong Kong dollars, and the market value of the parent company is about 7.6 billion. High-quality growth and high dividends attract long-term investment, and the equity structure is stable: The company’s actual controller is Huang Hongyun, whose concerted actions hold about 30% of the total shares, and the second largest shareholder Sunac shares (less than 30% of the redemption offer)In the third quarter of 2019, Qianhai Life Insurance’s new top ten shareholders, the company’s high dividends and high dividends, are attractive as financial investment targets. The company passed the employee shareholding incentive plan in June 2019 and stipulated that when the company’s net profit in 2019-2022 increased by 30%, 60%, 90%, and 110% compared to 2018, the company’s dividend distribution in 201848%, the index rate is 5.82%, we expect the existing equity structure to try to maintain stability with considerable dividends. Investment suggestion: The company’s strategic layout from the region to the country has achieved remarkable results, and its positioning is mainly on the second and third tiers. We expect sales to exceed 200 billion, leading the industry in growth rate, and the company’s property management business is underestimated. We estimate the company’s net profit attributable to mothers to be 54.08 million yuan, 68.2.7 billion, 82.8.7 billion, of which the real estate sector’s net profit attributable to mothers for 19 years was 50.52 trillion, with reference to comparable companies’ consensus PE of 9 times in 2019, corresponding to a city ranking of 454.710,000 yuan, the property sector is expected to return to net profit in 20192.At 92 million US dollars, we give the company’s property management business a consensus PE of 26 times in 2019, corresponding to a market variable of 76.07 billion, a reasonable market value should be 530.7.7 billion.Corresponds to the target price of 9.94 yuan, the first coverage given a “buy” rating.Risk warning: policy changes are less than expected, project development is less than expected, financing cost control is less than expected

ZTE (000063): Changes in profit after deducting non-tax in the single quarter of the “crowding of water” on the asset side

ZTE (000063): Changes in profit after deducting non-tax in the single quarter of the “crowding of water” on the asset side

1.

Event: The company deducted non-net profit after the replacement in the third quarter, and the asset disposal income exceeded 2.6 billion: the company achieved revenue of 642 in the first three quarters.

41 ppm, an increase of 9 in ten years.

32%; Net profit 41.

270,000 yuan, an increase of 156 in ten years.

86%, net profit after deduction 7

100,000 yuan.

Single third quarter revenue was 196.

30,000 yuan, net profit 26.

5.7 billion, an annual increase of 445.

The net profit after deduction of 84% is only 9803.

20,000 yuan, down 18 every year.

61%. The growth of the company’s third quarter net profit was mainly 武汉夜生活网 due to the increase in the income from the operation rights of the properties commissioned by the Shenzhen Bay Headquarters Base.

2.

Single quarter revenue growth, 5G commercial initial orders extended, 4G capacity expansion effect faded, gross profit margin changes: the company’s single third quarter revenue shifted, an increase of 1%.

55%, pressure on revenue growth: We believe that 5G is currently in the early stages of business order changes, and the end of 4G capacity expansion is under pressure for the company’s operator revenue growth.

In addition, the company’s initial 4G capacity expansion and chain reduction caused by the chain’s initial chain reduction were lower.

3. R & D expense ratio is still high, R & D capitalization is reduced, management expenses and financial expenses remain stable: the 都市夜网 company ‘s R & D expense ratio remained at about 15% in the third quarter, the R & D capitalization ratio continued to decline, and the R & D expense scale increased significantly.Roughly, the R & D capitalization expenditure of the company in Q1 from 2018 to 2019 continued to increase rapidly. After Q2 2019, there has been a significant decline, which has negatively driven the company’s current profit growth.

4.

Accounts receivable overall decreased but credit impairment increased, inventory size continued to expand and price loss increased: Although the overall scale of the company’s receivables decreased slightly in the third quarter, the overall credit impairment scale remained high. We judge the company in theThe account receivable accrual has undergone radicalization treatment; the scale of inventories has continued to expand, and the loss of inventory depreciation has continued to expand.

5,

The operating cash flow continued to expand, short debt decreased, and long-term debt increased, reducing the pressure on short-term companies to repay debts. The company’s operating cash flow continued to expand in the third quarter. The company’s debt effectively reduced short-term debt pressure by replacing short-term debt with long-term debt.Conducive to the company’s long-term research and development expansion and expansion.

Profit forecast and estimation: Maintain the company’s profit forecast unchanged, corresponding to the current price of PE28x, 24x, 19x. Considering that the internal 5G construction has entered the deployment stage, it is estimated to fall back to normal levels and maintain a “neutral” rating.

Risk warning: Sino-U.S. Trade war risks; additional issuances will continue to strain cash flow as scheduled; 5G commercial progress is less than expected.

Feike Electric (603868): Short-term performance pressure is expected to improve quarterly

Feike Electric (603868): Short-term performance pressure is expected to improve quarterly
Revenue, profit growth, short-term performance pressure company announced the first quarter report of 2019, 2019Q1 operating income8.500 million (YoY-4.4%), net profit attributable to mother 1.600 million (YoY-6.3%), gross margin 38.5% (+0 year-on-year.6pct), attributable net profit 19.3% (YoY-0.4pct).The decrease in revenue was mainly due to the company’s adjustments to offline channels in 2018, which is still in the recovery period. Earnings attributable to mothers have been slower than revenue growth. Preliminary: 1) The sales expense ratio has increased by 1.1pc; 2) The company expands R & D investment, and the R & D expense rate increases by 0 every year.8 points to 1.9%. Looking forward to gradually improving the operating situation in the future. In 2018, the company will adjust the offline channel structure and adjust the offline channels to KA terminals, regional distribution and provincial wholesale. Specifically: 1) the company will cancel the national wholesale channel; 2) KAThe terminal is independent from the regional distribution and operated independently. In the short term, channel adjustment will have an impact on the company’s revenue, but in the long term, channel adjustment will 苏州桑拿网 have a positive meaning for the company’s development: 1) National wholesale channels are prone to cause cross-borders, leading to the collapse of the price system.Operators’ standardization has a positive effect; 2) KA terminals account for a relatively high amount of offline channels. The company’s refined management is conducive to enhancing the control of the channels and is of great significance to the company’s long-term development.At present, the channel adjustment has been completed, and future performance is expected to recover quarter by quarter. At the same time, the offline distribution system will be more perfect, and it is expected to achieve improved growth in the future.In addition, in the medium and long term, category extension and international expansion will also be new growth points. The basic assumptions 杭州夜网 of the profit forecast for investment advice are: 1) the industry concentration will continue to increase; 2) the trend of consumption upgrades will continue; 3) new categories will be steadily listed.Based on the above assumptions, we expect net profit attributable to mothers from 2019-2021.2, 10.3 and 11.7 ppm (9-year growth rates respectively.2%, 11.3%, 13.5%), the latest closing price corresponds to 20 PE in 2019.5 times, the company as a leader in protecting small appliances, benefited from consumption upgrades, the company ‘s main products have grown steadily, new products have continued to advance, and the offline channel adjustment has ended. It is expected that the performance in 2019 will gradually improve, referring to domestic small appliances that are close to itLeading Supor, the valuation of Jiuyang shares, the average PE valuation in 2019 is 25 times, giving a reasonable value of 53.00 yuan / share, maintain “Buy” rating. Risks suggest sluggish domestic sales demand; weak expansion of new products; worsening competition in the industry; and consumer upgrade trends are not up to expectations.

Self-conditioning of sub-health symptoms

Self-conditioning of sub-health symptoms

Headache symptoms: Pain at some point in the head, similar to pulse beating.

There is no spirit to do things and slow thinking.

  Method: Migraine, most of which have Qi depression in the heart.

Find the pain point on the same side, rub with your thumb, there are nodules in the pain, you can rub it away.

Can also rub Waiguan point treatment.

  Stomach acid symptoms: Irregular eating causes stomach discomfort, but is hungry but does not want to eat, stomach acid.

  Method: Take a sitting position and rub the muscles directly above the thigh from the root of the thigh to the tibia.

Repeated rubbing for 3 minutes.

Snoring is better. Many points in this area can regulate the function of the stomach.

  Symptoms of breast hyperplasia: Most young white-collar women suffer from varying degrees of breast hyperplasia.

  Method: You can tap the meridian, especially the “biliary meridian”.

Use your knuckles to tap from the lower part of the outer thigh to the lower part of the lower leg.

Tap for 3 minutes every day.

  Symptoms of constipation: dry stools, poor bowel movements, excess belly fat, and uneven skin tone.

  Method: It can be cured by “pushing abdomen method”.

Before going to bed, use two fingers to push the belly from the heart socket to the navel, and then push from top to bottom.

Five minutes every night.

In severe cases, you can push again before getting up.

  Symptoms of jet lag: sleepy during the day, extremely low efficiency, the later the more mental.

I can’t fall asleep at night and stay up until the early morning; I can’t get up in the morning.

  Methods: “Golden Chicken Independence” can meditate and adjust its physiology.

Raise one foot upright, close your eyes after standing firmly.

Keep practicing for a few minutes every day, and after a week, the jet lag is reversed.

  Hair loss symptoms: a lot of hair loss, dry hair color, dull.

  Method: Beat your head with your abdomen, also known as “Mingtian Drum”, to strengthen your brain and protect your hair.

You can also comb your hair with your fingers and belly, every two minutes, twice a day, for two weeks, it will be effective.

  Symptoms of weight loss: the overall is not fat, and the part is bloated, especially the thighs, buttocks and waist. Due to overtime, fatigue, laziness and other reasons, you cannot exercise on time.

  Method: Eliminate the “swimming circle” on the waist. You can lie flat before going to bed and hit the excess meat on the waist with empty punches, three hundred times at a time.

Reduce the excess of legs and buttocks, you can kneel on the floor and climb for a month, the effect is obvious.

  Symptoms of vision loss: Because I often stare at the computer, I see things blurry, my eyes are dry and itchy, and my eyes are bloodshot.

  Method: The small hole with earrings on the earlobe is the “Mingmu Point”. Usually, this pinch is pinched with your fingers, and you should close your eyes every two minutes.

  Symptoms of irritability: There are many things, and when the task is heavy, it is easy to surge in blood and blood. I know that I need to calm down at this moment, but I am more and more anxious.

  Method: vent.

Choose the music you love to listen to, and beat your computer desk with ten fingers through the rhythm of the music.

Just a little pain when you hit it.

Ten fingers connect the heart, and the “Xuan Xuan” acupuncture point is located here, which can release the stagnation in the heart.

Plastic rope yoga to build a good figure

Plastic rope yoga to build a good figure

Practicing yoga not only enhances blood circulation, but also eliminates toxins from the body, which helps reduce fat and weight.

Ladies who think that the general yoga style is too high may practice the rope rope yoga, which is widely introduced by doctors and physiotherapists.

  This particularly prominent yoga of hands and feet, spine and pelvis with different movements, mainly transforms the rope to complete the movements, relaxes the muscles of the muscles, and also exercises the flexibility of the body to achieve the perfect slimming effect.

  The rope is fixed at the back waist position. First, put your hands behind you and fasten it straight. Lift your left foot and flex your left knee. Step on the special hands and lay your right foot on the ground. Lift your foot and keep your body straight.

  Put your hands back to the front and cross and hold the rope tightly. Keep your body straight and inhale slowly, then exhale slowly, with your body at the same time and your feet straight.

  Basic movements are easy to get started. Plastic rope yoga is divided into three types: Beginner, Intermediate, and Advanced. It uses plastic rope as an auxiliary tool, and the skills are easier to master. Basically any age is suitable for learning.

  Contracting the back muscles to reshape the fiber waist This set of contraction of the back muscles helps to balance the hip muscles and relieve women’s menstrual discomfort. It can also effectively train the lower back muscles and narrow the waist.

This set of actions can be repeated once or twice, each time lasting about fifteen seconds.

Motherwort boiled eggs for women’s menstrual pain

Motherwort boiled eggs for women’s menstrual pain

Abstract: According to the clinical manifestations of patients with dysmenorrhea, dysmenorrhea is divided into five types of qi stagnation and blood stasis, cold and damp stagnation, damp and hot betting, qi and blood weakness, liver and kidney deficiency, and Leonurus boiled eggs are most suitable for qi stagnation and blood stasis.For dysmenorrhea patients.

  Take eggs: 2: one, Motherwort: 30: grams, Yuanhu: 15: grams, put in a casserole and add the right amount of water and cook. After the eggs are cooked, remove the shells and cook for a while, remove the drug residue, eat the eggs and drink the soup.

Before: 1 😕
: 2 : Served from day to day, daily : 1 : dose, even service : 5 😕
:7 days.

  Modern pharmacological research believes that Motherwort can exert anti-dysmenorrhea effects by shortening the uterus in the state of complications and alleviating complications :; Yuanhu has the effects of qi and blood circulation, disperse and analgesic, and is a clinical treatment of dysmenorrheaCommon medicine.
The combination of the three can pressurize Qi, nourish blood, promote blood circulation, remove stasis, and relieve pain, which is a good food therapy for dysmenorrhea patients.

  According to the clinical manifestations of patients with dysmenorrhea, dysmenorrhea is divided into five types of qi stagnation and blood stasis, cold and damp stagnation, damp and hot betting, qi and blood weakness, and liver and kidney deficiency.edible.
  The typical clinical manifestations of these patients are: the menstrual cycle is often irregular, before menstruation: 2 😕
: 3: I started to feel inexplicably upset, chest tightness, and often lost my temper for a little thing, accompanied by breast and chest pain, pain in the lower abdomen before or during menstruation, less menstrual flow, dark and lumpy.

In addition to insisting on eating motherwort boiled eggs, dysmenorrhea patients with qi stagnation and blood stasis should also eat more foods that have the effects of relieving the liver and regulating qi and promoting blood circulation and regulating menstruation, such as white radish, citrus, and bergamot :.

Of course, motherwort boiled eggs are only suitable for friends with primary dysmenorrhea: if it is a female with secondary dysmenorrhea, the effect may not be very good.

Deep skin toxins and beautiful skin shine_1

Deep skin toxins shine

One of the enemies of skin whitening is the dull complexion. Why does the skin always look like contaminated water with impurities and can never be cleaned?

If the skin has accumulated toxins, then the whitening work must be combined with detoxification to achieve a whitening and translucent effect.

  1Detox Introductory Course In Japan, the whitening formula using hot springs became popular two years ago: soaking the body in water, letting the body completely relax, and then detoxifying the body and skin.

The facial massage method is to rub two hands with each other several times, then gently massage the nose, cheeks, mouth area, eyelids, auricles and other parts to promote blood circulation and remove necrotic cells.

  In addition to using detoxifying and whitening products, you can also stick to two cups of green tea drinks per day, or simply chew green tea directly.

Green tea contains vitamin E and vitamin C. In addition to its excellent whitening function, vitamin C is also a master of cell detoxification. It can accelerate cell metabolism, reduce free radicals caused by ultraviolet light and pollution, and prevent toxins from invading skin cells.Effectively sterilizes and detoxifies and whitens skin.

  2 Detoxification and blood circulation-massage to promote blood circulation and whitening, skin care products to promote skin circulation is the most effective way to replace abandoned pigmentation and restore good looks.

The colder the weather, the slower the blood circulation. How can I have a rosy complexion?

Recommended skin care products to promote blood circulation, very suitable for use in winter, especially some massage skin care products, can make your good complexion come back.

  In addition to strengthening the skin spiral massage technique to promote blood circulation, plant essential oils (citrus, angelica, ginkgo, ginseng, jujube, manganese, centella asiatica, B vitamins, etc.) can promote blood circulation and assistSkin nutrition and waste exchange, prevent skin dullness, make skin appear radiant, rosy and shiny.

  Facial blood circulation massage points: acupoints: Yangbai (2 inches above the pupil) and temples. Press Yangbai and Temple with your middle finger every day before going to bed. Both acupuncture points are bloody and bloody. You can gain weight after stimulation.Ruddy complexion; then click the giant acupoint (1 inch below Sibai acupoint), Yingxiang acupoint, the two acupoints are located in the blood vessel and the facial nerve-rich triangle area, which can increase the facial blood color concentration and make the complexion ruddy, healthy and shiny.

  3 Thermal Detox-Steamed Face vs. Thermal Mask Residue after cold damage in winter, the skin becomes rough and the color is dull.

The purpose of the “steam bath” for the face is to completely cleanse the skin and increase elasticity. The hot and humid steam can open up the pores of the skin, replace the old waste keratin, and eliminate dry wrinkles.

  If some aromatherapy essential oils are properly added during the facial steam bath, nutrients can penetrate deep into the skin through the open pores, and steam and essential oils can work together to benefit the respiratory tract.

  At this time, you can use thermal skin mask and sanding therapy to improve this situation.

The thermal energy mask uses a method of rotating force to make skin cells change, thereby completely removing lipids and keratinized dander secreted by the sebaceous glands, and completely retaining the thermal energy generated by blood circulation.

It is similar to steamed noodles in that it brings out the dirt in the deep pores, but it is much more convenient than steamed noodles.

It is especially suitable for people with dark races, rough touch and insufficient foundation.

  4 cleansing and detoxification-exfoliating, exfoliating and removing exfoliating products. There are many types of exfoliating products. The more common ones are scrubs and exfoliating masks.

Scrub-type products contain fine particles to remove aging keratin when rubbing against the skin; while the exfoliating mask contains keratin to promote peeling and exfoliation, and dissolve the keratin.

  Need to be reminded that exfoliation must not be excessive!

Incorrect exfoliation (including excessive use and excessive force when rubbing) may thin the skin, reduce its own resistance, and cause skin sensitivity.

  In addition, the exfoliation frequency of the two skin types is not the same, oily skin should not be used more than once a week; normal or combination skin once every two weeks; dry skin once a month.

Exfoliating is generally less frequent in winter than in summer.

If you use products that promote keratin residue daily (such as some whitening products that contain mild exfoliating ingredients), you can reduce the frequency of keratin products.

  5 Diet Detox-Red Wine Therapy Drinking a small glass of red wine before going to bed speeds up blood circulation, the skin’s absorption of moisturizers is significantly increased, and the complexion is more ruddy and healthy.

  The use of blush learns and is accustomed to using blush. Pink orange and light peach are the first choices. Don’t forget to apply some after applying makeup. It is recommended to prepare a portable blush cream. Apply it when makeup and color are not good.Glow instantly.

  6 Intimate Q & A-What kind of skin needs detoxification Q: Although my skin doesn’t have spots, but the skin looks pale and not shiny, how can I deal with this problem?

  A: What I want to tell you is that the skin is a mirror that reflects the inner health of the body.

The dull race indicates both skin problems and internal physiological disturbances.

The race of healthy, fair skin is mainly the microcirculation of nutrients under the skin epidermis.

Fatigue and stress slow down the blood concentration of the epidermis, limit the number of red blood cells, and the skin pales accordingly.

  In order to obtain healthier, shiny skin, good microcirculation of the epidermis must be reconstructed.

You should start to pay attention to exercise and diet. In addition, massage can increase the temperature of the skin and promote blood circulation, so as to provide sufficient nutrients for the skin and make the skin radiant.