ZTE released the first 5G video phone starting at 2698 yuan

ZTEreleasedthefirst5Gvideophonestartingat2698yuan
OnMarch23,ZTEreleasedthefirst5Gvideophone,ZTETianjiAxon11.ItisunderstoodthatZTEAxon11isequippedwithQualcomm5GintegratedchipSnapdragon765Gprocessor,supportsSA/NSAdual-mode5Gnetwork,covering5Gfullbandwidth,fullNetcom.Inaddition,oneofthehighlightsofthisphoneisthemaincamera+superwide-angledualanti-shakesolution,rear64millionAIfourcameras,support4K60framesultrahigh-definitionvideoshooting.XuFeng,PresidentoftheZTETerminalBusinessUnit,said:”5Gnetworkshavecreatedthedemandforlargevideoandhigh-definitionvideo.Atthesametime,thetransmission,storage,andinteractionofhigh-definition,largevideoandrelatedapplicationshaveputforwardhigherrequirementsandchallengesfornetworkcommunications.Thisyearisthe35thanniversaryoftheestablishmentofZTECorporation.ZTEhasaccumulatedalotinthefieldofcommunicationsandwillcontinuetoinnovateinthefuture.ZTEterminalswillalsocontinuetoinvestinvideoalgorithms.Inthefuture,theywillfocusonthetwodevelopmentdirectionsofcommunicationcapabilitiesandvideoalgorithmstoprovideconsumerswith5Gproducts.”TherearethreedifferentversionsofZTEAxon11,including6GBRAM+128GBROMfor2698yuan,8GBRAM+128GBROMfor2998yuan,and8GBRAM+256GBROMfor3398yuan.Atpresent,ZTEhaswon465Gcommercialcontractsworldwide,coveringmajor5GmarketssuchasChina,Europe,Asia-Pacific,andtheMiddleEast,andhaslaunched5Gcooperationwith70globalcooperativeoperators.XuFengdemocracyrevealedthatZTEwillreleasenearly105Gmobilephonesandmorethan155Gterminalproductsworldwidethisyear.Sauna,nightneteditorLuYifuWangJinyuproofreadingLiuBaoqing

[How to make black chicken soup]_Black chicken soup_How to make_How to make

[How to make black chicken soup]_Black chicken soup_How to make_How to make

The black chicken is known as the medicinal chicken, and its medicinal value is extremely high. The soup of the black chicken is also good for human health, and can be used for nourishing and nourishing.

The practice of making black chicken soup is relatively simple. You can add other ingredients to the soup. It is completely nutritious and tastes more delicious. You should pay attention to the moderate heat in the soup.

1.

Wash black chicken and cut into large pieces; boil in water, add black chicken pieces, blanch, remove blood stains, remove chicken pieces, add ceramic cup, and wash; lily wash soft, wolfberry, red dates, Huang’s washTogether, put them in a pot with water, and simmer for 2 hours. After simmering, add salt and mix.

2.

Wash the black-bone chicken, cut into large pieces, add boiling water and simmer the water to remove the blood, remove the black-bone chicken, rinse with water and drain, wash the dried shiitake mushrooms, and soak them in hot water.Reserved.

If there is Cordyceps sinensis, use a soft-bristled brush to gently clean it under running water along with its texture. Put the simmered black-bone chicken in the casserole, and then put the onion segments, ginger slices, and red dates together.Mushrooms, longan meat, candied dates, Chinese wolfberry, Cordyceps, and finally drizzle with the right amount of cooking wine and water for mushrooms. After boiling over high heat, simmer over low heat for 2 hours, and finally add salt before serving.

3.

Cut black chicken into large pieces, soak it in clean water, and repeatedly change the water to rinse. Be sure to remove excess blood water, and be sure to use cold water (hot chicken black protein suddenly shrinks and tastes bad) to lower the black chicken.Remove the black chicken and rinse it with warm water to further remove impurities.

Add warm water to the casserole, add black chicken, American ginseng slices, and cooking wine (if you want to drink the full-flame soup with white soup, if you want to drink clear soup, cook on low heat for a long time, don’t exceed three hours).

Put red dates in the middle, add wolfberry, salt, and pepper when the fire is off, and put it on the plate.

[How to eat fuel]_Consumption_How to eat_How to eat

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[Dried tofu in chicken soup]_Dried tofu in chicken soup

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[Homemade Pearl Milk Tea_ Recipe of Pearl Milk Tea_ Homemade Pearl Milk Tea]

銆愯嚜鍋氱弽鐝犲ザ鑼禵鐝嶇彔濂惰尪鐨勯厤鏂筥鑷繁鍋氱弽鐝犲ザ鑼躲€?
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[Can you drink honey with high blood sugar]_High blood sugar_Can you drink

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Guotai Junan: Politburo sets tone to pass five major messages

Guotai Junan: Politburo sets tone to pass five major messages

Original title: Guotai Junan flowers Changchun: Politburo set the tone for five pass information, 2020 to hold “off bottom” Source: Guotai Junan Author: Flower forum Changchun, Zhang Jie summary Politburo meeting and five non-Party people pass information: first, 2019Both the Q4 Politburo meeting and the non-Party symposiums represent the “well-off goals.”

We think the GDP growth target may be from “6% -6.

The 5% interval is “adjusted to” around 6% “(we call it” well-off bottom “).

The actual GDP growth rate does not rule out breaking a sixth in a single season, but there is little risk of breaking the “six” in the long run.

  Second, this meeting except for mentioning that the three major battles will continue in 2020, which are called “housing and living without speculation”, “financial supply-side reform”, and “de-leveraging”.

Of course, this does not mean that the financial sector will be relaxed immediately, but the risk prevention policy of the financial sector is likely to be backward.

The Q1 and Q2 Politburo meetings in 2019 continued to lead the “housing and living not speculation.”

The Q1 and Q2 Politburo meetings in 2019 both represent “financial supply-side structural reforms.”

The Central Economic Work Conference in December 2018 and the 2019 Q1 Politburo meeting focused on “adhering to structural deleveraging”; the 2019 Q2 Politburo meeting proposed “accelerating the clearing of zombie companies”.

  Third, with regard to policy, the traditional intensity of policy adjustments will no longer appear, and the reference to “using countercyclical policy tools” at the Prime Minister’s Symposium in November will continue.

At the time, the Prime Minister proposed “improving fiscal, currency, employment, regional and other policies, timely and moderate changes, perfecting policy coordination, including and including mechanisms.

Therefore, in the overall policy direction, the tone should be loose, but the rhythm will remain stable, and the combination of punches and structure will be more obvious.

  Fourth, the meeting proposed to strengthen “infrastructure construction”, in line with our judgment: the pace of fiscal policy is still leaning forward, which is the main force of steady growth in the first half.

The Central Economic Work Conference in December 2018 highlighted the “strengthening of the weaknesses in the infrastructure sector”; the 2019 Q2 and Q4 Politburo meetings continued to highlight 佛山桑拿网 “infrastructure”.

  Fifth, “deepen reform and expand opening up”, highlight “transform external pressures into motivation”, “concentrate efforts to do their own thing”; “outstanding development” highlight “agriculture, manufacturing, service industry and regional economic layout”Aspects.

It is expected that the opening to the outside world and the forced reform will be further accelerated in the future.

  Text 1.

The Q4 2019 Politburo meeting and the non-party people’s symposium both represent the “comfort for the well-off society.” The party’s non-party people’s symposium, which was discontinued on December 4, was the theme of General Secretary Xi Jinping.Weaknesses, strengths and weaknesses, adhere to problem guidance, target guidance, results guidance, and strengthen coordination and coordination of various departments and policies. 武汉夜网论坛

The Politburo meetings in Q4 2018 and Q4 2019 both highlighted the “offensive goals” (Table 1).

  Judging from the Politburo’s tone, the target for next year may be set from “6% -6.

The 5% interval is “adjusted to” around 6%.

Real GDP growth rate does not rule out a single quarter breaking six, the risk of breaking the “six” in ten years in 2020 is not high.

  2.Apart from mentioning that the three major battles will continue in 2020, this meeting will be called “housing and living without speculation”, “financial supply-side reform”, “deleveraging” and so on.

Of course, this does not mean that the financial sector will be relaxed immediately, but the risk prevention policy of the financial sector is likely to be backward.
  First, it is no longer necessary to mention “housing to live without speculation.”

This does not mean that the real estate policy will be relaxed in the short term, or the tightening of financing since mid-2019 will enter the period of policy effect observation.

  In the second and fourth quarters of 2017, the Politburo meetings continued to establish a “long-term mechanism”: In the ten years of 2018, the supervisory authorities continued to supervise the shadow banking financing of real estate. Due to the continuous delivery of land-side financing, the heat of the land market gradually reduced.The premium rate continued to decline; the Q3 and Q4 Politburo meetings in 2018 did not mention “real estate”: the guidance for the real estate financing platform relaxed in the first half of 2019, and the land market and new construction continued to exceed expectations in 2019.

  The Q1 and Q2 Politburo meetings in 2019 continued to make clear that “housing and living are not speculated”: real estate financing began to tighten in mid-2019, and financing eased until mid-year.

The Trust Document No. 23 was issued in May 2019, and in August 2019, the General Office of the China Banking and Insurance Regulatory Commission issued the “Notice of the General Office of the China Banking and Insurance Regulatory Commission on Conducting Special Inspections on Real Estate Business of Banking Institutions in 2019”.tight.

This has led to an increase in the premium rate of the land market, and in the short term developers have accelerated new construction and gradually increased the pre-sale funds to supplement the funding gap.

The current tightening of housing company financing policies or some of these small and medium-sized housing companies defaulted and went bankrupt.

After that, real estate policy may return to a neutral and loose direction.

  Second, without mentioning “financial supply-side reforms” and “de-leveraging”, financial risk prevention was put behind.

  The Q1 and Q2 Politburo meetings in 2019 both represent “financial supply-side structural reforms.”

Among them, the 2019 Q1 Political Bureau meeting stated that “the need to effectively support the development of the private economy and small and medium-sized enterprises, accelerate the structural reform of the financial supply side, focus on solving financing difficulties and expensive financing issues, and guide the rapid transformation and upgrading of advantageous private enterprises”; Q2 2019 politicsThe meeting of the Bureau proposed that “structural reform of the financial supply side should be carried out to guide financial institutions to increase medium- and long-term financing of manufacturing and private enterprises, respond to the pace and intensity of risk disposal, and consolidate the responsibilities of financial institutions, local governments, and financial regulators.”

  The Central Economic Work Conference in December 2018 and the 2019 Q1 Politburo meeting focused on “adhering to structural deleveraging”; the 2019 Q2 Politburo meeting proposed “accelerating the clearing of zombie companies”.

  3.
With regard to policy, the traditional policy-setting policy no longer appears, and the reference to “use good counter-cyclical policy tools” at the Prime Minister’s Symposium in November will continue.
  At the time, the Prime Minister proposed “improving fiscal, currency, employment, regional and other policies, timely and moderate changes, perfecting policy coordination, including and including mechanisms.
Therefore, in the overall policy direction, the tone should be loose, but the rhythm will remain stable, and the combination of punches and structure will be more obvious.

  4.Focusing on “focusing on key points, making up for shortcomings, strengths and weaknesses”, and strengthening “infrastructure construction”, the fiscal policy rhythm is still leaning forward and is the main force of steady growth in the first half.

  The Central Economic Work Conference in December 2018 highlighted the “strengthening of the weaknesses in the infrastructure sector”; the 2019 Q2 and Q4 Politburo meetings continued to highlight “infrastructure”.

  5.”Deepening reform and expanding opening up”, highlighting “convert external pressures into motivation”, “concentrated development and doing their own thing”; “outstanding development” highlights “agriculture, manufacturing, service industry and regional economic layout”.
It is expected that the opening to the outside world and the forced reform will be further accelerated in the future.

  Source: Guotai Junan Author: Flower Changchun, Zhang Jie

Open-pit coal industry (002128): the first half of the year completed the acquisition of the Group’s electrolytic aluminum assets

Open-pit coal industry (002128): the first half of the year completed the acquisition of the Group’s electrolytic aluminum assets
Core point of view: In 深圳桑拿网 the first half of the year, the company’s net profit attributable to the mother increased by approximately 12% per year. The coal power business contributed to the profit growth. The company disclosed its 2019 interim report.3.3 billion / 13.74/13.67 ppm, a ten-year increase of 7.41% / 11.75% / 9.55% /, EPS is 0.83 yuan.The rapid growth of the company’s performance in the first half of the year was mainly due to: 1) benefiting from the comprehensive growth of coal in the first half of the year, while also increasing solar and wind power revenue, the company’s operating profit in the first half of the year increased by approximately 74.97 million yuan.2) Investment income in the first half of the year increased by approximately 59.5 million yuan. In the first half of the year, the company’s comprehensive coal bids increased by a maximum of 16.3%, net profit per ton of coal is about 48 yuan Coal business: According to the interim report, the company’s current coal production capacity is 4,600 tons, and the first half of the year’s coal output is 2,452 positions, each time -2.0%; coal sales 2463 finally, until -1.9%; Calculated ton of coal revenue, cost, gross profit were 141 yuan, 70 yuan and 71 yuan, respectively, longer +16.3%, +24.0%, +9.6%; net profit per ton of coal is about 48 yuan, +16 in ten years.8%. Power business: At present, the subsidiary Tongliao Huolinhe Kengkou Power has an installed capacity of 1200MW.In the first half of the year, the company’s overall power generation and sales were 31.0 billion kWh, 27.100 million kWh, +6 for ten years.2%, +2.6%; unit electricity revenue, cost and gross profit are 0.33, 0.19 and 0.14 yuan, +19 for ten years.0%, +22.9%, 13.9%. The acquisition of 51% equity of Huomei Hongjun was completed, and the net profit of electrolytic aluminum business increased slightly in the first half of the year.9% According to the company announcement, the company acquired 51% of Huomei Hongjun held by Mengdong Energy, a major shareholder of the company, and completed the transfer formalities and relevant industrial and commercial change registration on May 17. Huomei Hongjun Aluminum Power Company has become the company’s controllingSubsidiary.The total transaction consideration for this acquisition is 27.1 ppm (share consideration of 14.0 ppm + cash consideration of 13.1 ppm), and the net assets of Huomei Hongjun at the end of June 2019 was 46.400 million, estimated to buy about PB.1 times. At present, Huomei Hongjun has a total capacity of 121 tons of electrolytic aluminum (the actual production capacity is 86 tons, and another 35 tons is still under construction). It also has its own installed power of 2.1 million kilowatts (including 1.8 million kilowatts of thermal power and 30 wind powerTen thousand kilowatts).According to the interim report, Huohuo Hongjun achieved net profit in the first half of the year.30,000 yuan, +0 a year.92%.The output and sales volume of electrolytic aluminum in the first half were 43.7 early, 43.1 Initially, at least +2.2%, +4.2%; Estimated ton of electrolytic aluminum revenue, the cost is 1.180,000 yuan / ton, 1.07,000 yuan / ton, -2 per second.4%, -0.2%; net profit per ton of electrolytic aluminum is 234.8 yuan / ton, ten years -1.2%. Profit forecast and investment advice The company is located in Mengdong. The open-pit mining conditions are good, and the company’s ton coal production cost is basically the lowest in the industry.At the same time, the company’s Changxie coal accounted for about 80%, and the profitability of the coal business was high.After the company completed the acquisition of 51% equity of Huomei Hongjun, it realized the integrated operation of coal, electricity and aluminum.As the company has its own power plant, the cost advantage of electrolytic aluminum business is 佛山桑拿网 outstanding.In addition, the company is also actively deploying new energy business, and it is also expected to expand the company’s development space in the medium and long term.The company’s EPS for 2019-2021 is expected to be 1.28, 1.39, 1.45 yuan / share, corresponding to 19 years of PE about 6.5 times, taking into account the estimates of comparable companies and the growth rate of the company’s performance, giving the company a PE of 8 times in 19 years, a reasonable value of 10.23 yuan / share, maintain “Buy” rating. Risk warning: Lower-than-expected downstream demand, lower-than-expected coal and aluminum prices, and new energy business development is worse than expected.

Xintaizheng (002968) coverage report for the first time: Basic property + smart technology dual engine drive to help the National Gate boom

Xintaizheng (002968) coverage report for the first time: “Basic property + smart technology” dual engine drive to help the “National Gate” boom

Xindazheng Property: Make the City Better Chongqing Xindazheng Property Group Co., Ltd. was formally established in 1998. It is a city dedicated to building smart cities and public buildings and facilities, managing public, parks, aviation airports, government agencies, schools, and residential citiesIntegrated service provider for the project.

In 2018, Xintaizheng Property has 308 projects under management (of which 222 are from Chongqing), and the area under management is 53.67 million square meters (of which 35 million square meters are from Chongqing). The number of contracted projects in 2018 is 314, and the contracted area is 62.72 million square meters.
The service area covers 16 provinces and cities including Chongqing, Beijing, Tianjin, Zhejiang, 南京夜网论坛 and Jiangsu.

At present, Xindazheng has established professional subsidiaries of facility management, environmental management, security services, catering services, and commercial services, which are responsible for specialized business and independent operations.

Financial situation: The main business income in 2016-18 was 6.

2.1 billion, 7.

6.7 billion, 8.

8.5 billion, an increase of 15 in ten years in 2018.

43%.

(1) Property management services: Revenue from property management services in 2016-18 was 5, respectively.

5.1 billion, 6.

8.9 billion, 8.

5.0 billion, an annual increase of 16 in 2018.

75%.

(2) Property value-added services: Revenue from property management services in 2016-18 was zero.

5.8 billion, 0.

6.6 billion, 0.

710,000 yuan, an increase of 6 in ten years in 2018.

72%杭州桑拿.

The company’s net profit attributable to its mother was 56.64 million, 70.66 million, 88.88 million yuan, each time +24.

66%, 18% net interest rate 10%.

Deeply cultivating the public property sector, leading the market-oriented operation capability. The New Taisho Property Group will continue to position its future strategic positioning in the urban public property sector while maintaining its steady growth in basic property management services.”Management” aims to build a “Smart Service” business model for smart operations and establish a complete path to “Smart Operations”.

The airport property projects in the public properties of Xintaizheng Property have been developing rapidly for a long time and are expected to become the engine that will drive the company’s rapid growth and expand the country’s layout.

The project of Beijing Daxing International Airport undertaken by Xindazheng Property has great development potential, which is conducive to improving service capabilities, brand awareness, and creating wider profitable space.

According to the “2019 China Top 100 Real Estate Service Enterprises Report” issued by the Middle Finger Institute, Xintaizheng Property was listed as “2019 China’s Leading Enterprise in Market-oriented Operation of the Property Management Industry”.

First coverage, buy rating.

We expect the company’s revenues to be 11 in 2019-21.

2 billion, 14.

200 million and 18.

0 million yuan, net profit attributable to the mother is 1.

100 million, 1.

470,000 yuan, 2.

10,000 yuan.

We give Xintaizheng 28-30xPE in 2020, corresponding to a target market value of 4.2 billion-4.5 billion.

Risk reminder: the risk of rising labor costs, the risk of business expansion, the risk of excessive concentration of business areas, the risk of loss of core business personnel, the risk of failing to pay the social security repayment for all employees, and assessing the risk

Hebei Xuanong (000923) Company Comments: Steady Improvement in Third Quarter Results

Hebei Xuanong (000923) Company Comments: Steady Improvement in Third Quarter Results

Performance summary: Hebei Xuanong announced the first three quarters of 2019 performance forecast, and it is expected that the report will gradually realize the net profit attributable to listed companies.

95-4.

15 ‰, an increase of 447% to 477% in ten years, equivalent to 0 EPS.

61-0.

64 yuan.

In the third quarter, net profit attributable to listed companies was achieved in a single quarter.

7-1.

80,000 yuan, a 10-year growth of 1086% -1156%, equivalent to 0 EPS.

26-0.

28%; steady increase in profit: Although the Platts Price Index changed in the third quarter, the average price still reached US $ 102, which was basically the same as the second quarter.

Thanks to the strong performance of iron ore prices, the company’s magnetite business performance continued to remain high.

Of course, under the background that the average price of iron ore is maintained, the company’s continued growth in profit may be due to the increase in its iron ore shipments.

In addition, in the third quarter, the company’s copper second-phase supporting projects were successively supplemented and used. The unit product cost of copper products fell month-on-month and its copper mines began to reduce losses. It is also an important factor in improving profitability. In the fourth quarter, the price range fluctuated.After the volatility, the performance of mineral prices has changed recently. From the current situation, the overall price of minerals in the fourth quarter is in a dilemma of rising and falling.

Although 无锡桑拿网 the environmental protection extreme productivity is severe and severe, under the situation that the real estate investment performance is still greater and stronger, the current start of steel mills is still strong and the demand for iron ore is worry-free.

But only for this, the recent overseas mining shipments have gradually picked up, which has led to a steady rise in port inventory.

Under the background of strong supply and demand, in the fourth quarter, iron ore’s ability to capture and distribute profit in the industrial chain will be improved and weakened. The change in its absolute price will depend more on the guiding role of thread prices; Investment advice: The company has high-quality copper-iron associated ore resources and is cheapThe mining cost has become the guarantee for the excellent profitability of its magnetite.

Although the ore price will increase significantly again in the future, the subsequent iron ore price will still be supported under the strong demand, and the company’s magnetite profit is still worth looking forward to.

In addition, after the second phase of the copper mine project is gradually put into production, copper rod products are expected to turn losses into profits, and the company’s EPS is expected to be 0 in 2019-2021.

84 yuan, 0.

91 yuan and 0.

88 yuan, maintaining the “overweight” level.

Risk reminder: The second phase of copper ore replacement is on schedule; the price and sales of magnetite are lower than expected; the risk of exchange loss.