Livzon Group (000513): Achievements in line with expectations The profitability of APIs has improved significantly

Livzon Group (000513): Achievements in line with expectations The profitability of APIs has improved significantly

Event: The company released the 19-year semi-annual report. The revenue, net profit attributable to mothers and net profit attributable to non-mothers were 49.

3.9 billion yuan, 7.

3.8 billion and 6.

US $ 5.8 billion, respectively, + 8%, + 17%, and + 15% for one year, in line with our mid-term forecast of 15% deduction for non-profit growth.

The comments are as follows. The profits of 19Q2 have maintained rapid growth, and the revenue growth of 19 H2 APIs is expected to improve.

In 19Q2, 杭州桑拿 the company’s net profit attributable to mothers and net profit attributable to non-mothers increased by 6%, + 21% and + 15%, respectively.

We estimate that due to the sales of individual drug substance varieties, the company’s drug substance revenue will increase by about -8% in the time of 19Q2, which will affect the overall revenue growth rate, but we expect 19H2 to improve significantly.

At the same time, the profitability of the company’s APIs has greatly improved, and Q2’s profit growth has not been affected by API revenues, maintaining a high growth rate.

19H1 gastrointestinal and gonadotropin preparations performed excellently.

19H1 company’s digestive tract preparations revenue 9.

45 billion, + 51% a year, we estimate that ilaprazole enteric-coated tablets are about + 63%, which is the core driving variety; ilaprazole powder injections earn about 50 million.

We are optimistic that ilaprazole sodium powder injection will enter the national medical insurance directory through negotiations, driving the company’s performance to a higher level.

Dele, Leibe and Lizhu Sanlian have maintained a growth rate of about 30%, which fully demonstrates: 1. The company’s digestive products are excellent and the market is highly recognized; 2. Multiple products in the same department form brands and channelsSynergy.

19H1 gonadotropin income 8.

9.4 billion, previously + 19%, of which leuprorelin microspheres maintained a rapid growth of 27%; follicle stimulating hormone returned to double-digit growth of 11%.

The profitability of APIs improved significantly.

19H1 Revenue from APIs and Intermediates Business12.

1.9 billion a year.

64%, but gross margin is 30.

58%, an increase of 7 per year.

18 outstanding, bringing a significant increase in profitability.

We estimate that the initial improvement in the company’s gross profit margin is an improvement in technology.

The decline in Shenqi Fuzheng and rat nerve income narrowed.

19H1 Shenqi and rat nerve income were about -17% and -1%, respectively. Earlier 18A income declines were significantly narrowed.

In 19H1, the ratio of these two products to the revenue of preparations was 13.

85%, 16 of the earlier 18A.

39% continued to decline, and the impact of the two products on the company’s performance was getting smaller and smaller.

The growth rate of the company’s preparation income (western medicine + traditional Chinese medicine) also returned from 0% at 18A to 11% at 19H1.

R & D budgets have grown steadily and steadily, and microsphere and monoclonal antibody projects have continued to advance.

19H1 company research and development funding3.

$ 4.4 billion, + 5% per year; of which R & D costs are 2.

8.8 billion yuan a year + 18%.

The triptorelin microspheres in January / time have completed the phase I clinical pre-experiment, separated the related work of the phase I formal clinical trial, and the phase III scheme discussion work.

The IL-6R recombinant antibody source injection is undergoing phase I clinical trials; HER2 and PD-1 humanized monoclonal antibodies are ready for Ib trials.

Upgrade earnings forecast and maintain “Strongly Recommend-A” rating.

As the company ‘s drug substance business profitability has improved significantly and its revenue in 19H2 has improved, we have raised its profit forecast: we expect the company’s return to net profit growth at 15% / 12% / 12% in 2019-2021, and the corresponding EPS is 1.

33/1.

50/1.68 yuan (the original EPS was 1 after the capital increase).

25/1.

35/1.

43 yuan), the current city value corresponds to 19 years pe estimated about 20x.

We expect that ilaprazole powder injections will enter the medical insurance to drive subsequent volume growth in 19 years to drive performance growth; we are optimistic about the transformation and growth brought about by the new products launched by the monoclonal antibody + microsphere platform in the future, and maintain the “strong recommendation-A” rating.

Risk warning: product sales are not up to expectations, 杭州桑拿 research and development progress is not up to expectations, production and operation and product quality trends, risks of commercial bribery, and some products are transferred to the medical insurance catalog.

Sanqi Mutual Entertainment (002555) Company In-Depth Report: First-Class Breakthrough Beyond Legends & Miracles of Entertainment for the Middle-aged

Sanqi Mutual Entertainment (002555) Company In-Depth Report: First-Class Breakthrough Beyond Legends & Miracles of Entertainment for the Middle-aged

First, game users: middle-aged people with a scale of over 100 million have high gold mining power, legends and miracles are the main purchasers1, legends and miracles users: registered users of terminal games are ceilings, and game purchases are the main means for users to acquire legends, miraclesMost of the game players evolved from the end-game players of the early classics “Legend of Blood”, “Legend World” and “Miracle MU”.

Registered users of the early version of the terminal game can understand its user limit.
There are about 7 registered users in 2018.

90 million; “Legendary World” from 2003?
There were about 70 million registered users in 2018; the number of registered users in the first month of “Miracle MU” has reached 杭州桑拿网 1.

50 million.

2. Age composition: Targeting middle-aged groups, with a high ability to earn gold. Legendary and miracle-oriented middle-aged people generally have a stable income, and have a higher ability to earn gold compared to other age groups.

Taking the ARPPU of each game as an indicator, in 2018, the legendary and miracle month ARPPU supported by middle-aged players is about 600 yuan per person; the game month ARPPU for second-level players is about 200?
300 yuan / person; while the Tencent games for a wider range of users have about 100 ARPPU per month?
200 yuan / person.

Second, the ability to buy: Legend and miracle merge “reproducibility”, the number of “head purchase games” on March 7 increased steadily, how to buy on March 7: the purchase company and the purchase channel and price advantage increase 杭州桑拿 according to the application,Sanqi Mutual Entertainment mainly buys Quantum Company for Jiangsu Zhiming and Anhui Shangqu. The representative purchase games are “Slaying the Dragon and Dawn”, “Continental Land” and “Sword Passed to the World”; the main platforms for launch are Baidu information flow, huge amountEngine and Baidu Baiyi; the main media software is mobile phone Baidu, today’s headlines and Douyin; as the head customer of each media and platform, its purchase volume has a price advantage.

2. Buying capacity: from the App growth and sales expenses, the growth of the Panchi buying plate According to the growth of the App, from the average monthly advertising volume in the past year, 1349 articles were released in H2 in 18 years and 3163 in 19H1. Articles, rising 134% each year.

From the perspective of buying games, the buying volume is concentrated in the main self-developed mobile games, and the number of games that can be purchased increases. From the perspective of the self-developed MAU, 17M1?
The total MAU of 19M5 is gradually decreasing. It is expected that the total MAU will pick up in 19H2 due to a number of new self-developed mobile games. Under the circumstances of a serious increase in sales expenses and operating cash flow, monetary cash 19Q1 is still rising, showing its purchase volume.with potential.

3、单款买量游戏预测:基于半衰期的传奇&奇迹预测各类自研手游MAU 衰减近似于指数函数,以y=h*a^(t-b)(0 三、品类突破:《斗罗大陆”Achievement of game category breakthrough in novel IP, 19H2 net interest rate rises due to” delivery cycle “1, fiction IP category:” Failure Selection “and” Mortal Cultivation “failed,” Douloland “for the first time successfully achieved novel IP category””Douloland” has been in the top ten role-playing mobile games on iOS for 7 consecutive months since its launch. Compared to the earlier legendary mobile game “One Sword”, the success of “Douloland” may open the Sanqi Mutual Entertainment novelNew IP game mode.

In the novel IP game, Sanqi has researched “Selected Days” and “Mortal Cultivation”. Among them, “Selected Days” expanded the scale to attract a large number of users, but due to the low quality of the content, the user retention is very low,The MAU of 2 months was reduced to less than 50%, and the MAU of 8 months after the launch was less than 10%. Judging from the ranking of the best-selling list, “Mortal Cultivation” also failed.

2, 19 years of purchase & flow: Yidao handed down / Douro mainland is the basic disk, Elf Festival / Archangel’s sword is incremental According to App Growing, “One knife handed down” after the launch of the purchase amount is more stable, “Douro mainland”In the 5 months before the launch, there was not much difference between the purchase volume and “One Blade”, and the purchase volume increased significantly in the 6th and 7th months.

Judging from the amount of three self-developed mobile games “One Blade Passed Down”, “Dolo Continent” and “Elven Festival” in H1 in 19, “Doul Continent” and “One Passed” were launched at the end of 18 years, and the main users increasedBoth the volume and the purchase volume are at the beginning of 19 and are at the same purchase stage.

3. Net profit forecast based on the life cycle of the game: 19H2 is expected to pick up statistics. Sanqi mutual entertainment 8 head self-developed mobile games 18M1?
The monthly activities of 19M5 are weighted by their respective MAU percentages, and are multiplied by the net interest margin of each stage after the various games are launched.In the head self-developed game, the net profit margin will increase in 19Q2.

Fourth, investment advice From the perspective of product categories, the success of Dolo Continental will become the core purchase volume of Sanqi Mutual Entertainment. Instead of replacing legendary and miracle products, the category can be extended to novel IP (China has a rich networkNovel IP).

From the product cycle point of view, in terms of flow, Sanqi Interactive Entertainment ‘s just-launched “Elven Festival” has outstanding quality. It is expected to launch the “Angel Sword” mobile game twice in the second half of the year. In terms of net interest rate, the overall net interest rate in 19H2 is expected to rebound.

Sanqi Mutual Entertainment is expected to have a net profit of 19 in 2019.

3 billion, corresponding to the current sustainability of 15.

5 times.

Risk reminder: The Elves’ Festival is slower than expected, and the novel IP adaptation game is lower than expected

Weir shares (603501): Q3 results readjusted and part of Howwell will continue to embrace the wave of optics in the future

Weir shares (603501): Q3 results readjusted and part of Howwell will continue to embrace the wave of optics in the future
The company released the third quarter report of 2019, and the consolidated report was reorganized and adjusted to Beijing Haowei Data Company.Data from 重庆耍耍网 January to September 2019. Under this caliber, the company achieved a total of 94 revenues in the first three quarters of 2019.0.6 billion, net profit 3.79 trillion, net profit attributable to mother 1.350,000 yuan, including 37 in the third quarter of 2019.30,000 yuan, net profit 1.140,000 yuan, net profit attributable to mother is 59.33 million yuan. In general, the company’s CIS business has grown steadily and will continue to embrace the wave of optics in the future. We believe that in the first three quarters of 2019, due to the clearing of inventory by Weir AG’s distribution business and the merger of Beijing Hawe and Spike, certain profit items existed.Certain pressure, but Beijing Haowei, which is mainly engaged in CIS, still achieved steady growth in performance.Looking forward to the future, we believe that the rapid growth of CIS demand for smartphones and the continued wave of optics will continue to be the core performance drivers of Weir Shares: changing multi-camera penetration and continuous improvement drive the rapid growth of demand for smartphone CIS, which requires a high level of accountability.Compared with the general trend of improvement, the launch of new 48M products has brought significant improvements in ASP and profitability.The acquisition of Beijing Haowei, the third largest CIS manufacturer in the world by Weir shares, will continue to embrace the wave of optics and usher in growth. The profit forecast and rating of the combined Weil + Hawwell + Spyco combined statements are expected to be 0 for the company’s 2019-2021.70/2.80/3.66 yuan, corresponding PE is 158/39/30 times. Considering that comparable companies evaluate the company to grant 45xPE for 20 years, the reasonable value is 126 yuan / share. Maintain “Buy” rating. Risk reminder integration is less than expected risk; Sino-US trade war affects downstream demand risk; smartphone sales risk; three-shot penetration rate is less than expected risk; intensified improvement is less than expected risk; security automobile CIS development is less than expected risk; industry competition intensified risk; technology updateSubstitution risk; exchange rate risk.

Hisense Home Appliances (000921): Central air conditioning continued to grow against the trend and Hisense Hitachi consolidated

Hisense Home Appliances (000921): Central air conditioning continued to grow against the trend and Hisense Hitachi consolidated

The 3Q19 results were in line with our expectations. Hisense Appliance announced the 3Q19 results: revenue of 80.

6 ppm, with a ten-year average of 4.

5%; net profit attributable to mother 3.

89 ppm, a five-year increase of 5.

9%, the performance is in line with our expectations.

Corresponding 1Q-3Q19 income 270.

1 ‰, ten years ago 6.

2%; net profit attributable to mother 13.

50,000 yuan, an increase of 17 in ten years.

6%.

Financial analysis of development trends: 1) Gross profit margin 20.

5% each time +0.

5ppt remains stable.

2) During the period, the expense ratio should be increased 南宁桑拿 by at least 1.

2ppt, of which R & D expenses are at least + 15% to 2 ‰, accounting for 2% of revenue.

5%, which is a low level among household appliance companies.

Hisense Hitachi consolidated impact: 1) The company acquired Hisense Hitachi 0 for 2,500 million.

2% stake.

After the acquisition, the company will hold Hisense Hitachi 49.

2% of shares, starting from September 30 Hisense Hitachi consolidated statement scope.

2) The statement has not been readjusted. The balance sheet in the third quarter report has reflected the impact of consolidation. The income statement and cash flow statement have not been reflected.

Beginning in the fourth quarter, the income statement and cash flow statement will also reflect Hisense’s consolidated statement.

3) Consolidation has little effect on net profit.

Before the 佛山桑拿网 merger, Hisense Hitachi’s profit was reflected in the company’s investment income account, and after the merger, it was reflected as operating profit.

4) After the merger, the company ‘s monetary funds have increased significantly, significantly improving the liquidity of the company’s assets and its short-term debt repayment ability.

The company’s central air-conditioning business will also be reflected in the income statement.

Main business performance: 1) Central air-conditioning continued to grow strongly, mainly due to the rapid growth of engineering channels.

1Q19-3Q19 Hisense Hitachi’s revenue exceeded + 13%, and net profit increased by + 19%; 2) The household appliances business performed poorly since 3Q18, and the 1Q19-3Q19 household appliances business revenue period -3.

2% /-9.

9% / -4.

5%; gross profit ten years +7.

1% / flat / -2.

1%.

3) Sales invoices for domestic sales of air conditioners are the primary business scope of home appliances.

Demand for the air-conditioning market is growing, market competition is fierce, and Hisense’s market share is declining.

Earnings forecasts and estimates will not consider the impact of the consolidation of Hisense Hitachi on the financial statements, and maintain the 2019 / 20e EPS forecast of RMB1.

16 yuan / 1.

39 yuan.The stock maintains an Outperform rating and 16.

Target price of 25 yuan, corresponding to 14.

0 times 2019 P / E ratio and 11.

7 times 2020 price-earnings ratio, 41 compared with the same period last year.

7% upside.

H-shares maintain an Outperform rating and 11.

50 reached the target price, corresponding to 8.

9 times 2019 P / E ratio and 7.

4 times 2020 price-earnings ratio, 46 more recently included.

5% upside.

The current A-share contradiction corresponds to 9/2019/2020.

9 times / 8.

2 times price-earnings ratio.

The current H shares can continue to correspond to 2019/2020.

1x / 5.

1x price-earnings ratio.

Risks The risk of central air-conditioning being affected by the sales cycle of real estate; the risk of fluctuations in demand for the home appliance market.

Yili Shares (600887) Commentary on Major Issues: Share Repurchases Show Strong Long-Term Confidence

Yili Shares (600887) Commentary on Major Issues: Share Repurchases Show Strong Long-Term Confidence

Matters: The company announced that it intends to use its own funds to not exceed RMB 35.

00 yuan / share price to repurchase the company’s A shares, the number of repurchases is not less than 1.

5.2 billion shares (accounting for the company’s total share capital of 2.

50%) and no more than 3.

0.4 billion shares (accounting for the company’s total share capital of 5.

00%), the maximum amount of funds intended for repurchase does not exceed 106.

3.7 billion, the source of funds is own funds.

The repurchase period is no more than 12 months from the date of the board of directors’ strategic adoption of the repurchase program, and the repurchased shares will be used to implement equity incentives.

Comment: This repurchase breakthrough has shown the company’s long-term confidence.

The purpose of this share repurchase is for equity incentives. The number of repurchases accounts for 2 of the total share capital.

5%?
5.

0%, far more than the last equity incentive ratio of 0.

99% (of which the stock budget is 0.

74%, budget stock 0.

25%); meanwhile, the maximum buyback limit is 35.

0 yuan / share exceeds the company’s highest level in history, which shows the company’s long-term confidence, and is conducive to improving the corporate governance structure and the long-term incentive and restraint mechanism for the management team to hold shares.

In the last repurchase, the short-term profit may change, and the long-term growth trend remains unchanged. In July 2015, under the background of irrational market decline, the company repurchased shares to protect the interests of the company and shareholders. After the repurchase was implemented, the short-term companyThe quarterly profit growth rate fluctuated, and the profit intervals of 15Q2 / 15Q3 / 15Q4 were +12 respectively.

47% /-22.

93% / + 69.

64%, but steady growth in the medium and long term remains unchanged.

The incentive mechanism has always been excellent, which is conducive to the stability of the management team.

The company has an excellent incentive mechanism for the management team and core members, which has been extended, and the annual remuneration in 2018 reached 4,431.

470,000 yuan, ranking first in the industry, including 110 holdings of stock market value.

6.6 billion, accounting for 8.

0%, a high level among leading consumer companies; mergers, the company ‘s history in 2006/2014/2016 has repeatedly implemented distribution incentives and employee stock ownership plans, and the performance growth has reached the exercise conditions, the company adopted stocksThe incentive plan binds shareholders’ interests with the company and helps the company’s long-term development.

The leading strategy is differentiated, and Yili’s growth is more benign.

The 19-year leading strategy has diverged. The company plans to achieve revenue of 90 billion U.S. dollars, and its profits will remain flat. Rival Mengniu’s planned net profit will exceed the growth rate of low double-digit revenue. In terms of expenses, the company plans to maintain its expense efforts, and Mengniu will implement control fees to improve efficiency.On the whole, the overall leaders are taking possession 武汉夜生活网 first, but in different ways, Yili has increased its expansion and impacted the scale of 100 billion yuan, and Mengniu has improved its endogenous double-digit net profit growth.

According to Nielsen data, in January-February 19, Yili / Mengniu mentioned above +15 twice.

54% / 7.

12%, higher than the industry growth rate of 6.

56%, of which Jin Dian / An Muxi +26 twice.

0% / 30.

1%, the market share, Yili / Mengniu twice +3 respectively.

1/0.

2pct, mainly due to the increase in high-end white milk and room temperature yogurt, of which Jindian / Terunsu allocation of high-end white milk plus +3 respectively.

5 / -0.

1pct, overall, Yili’s growth is more benign.
Earnings forecast and investment rating: Maintain the company’s EPS forecast for 2019-2021.
12/1.

26/1.

43 yuan, the current expected PE is 25/23/20 times.

After 17 years, the company 重庆耍耍网 accelerated its revenue growth, and its profit margin dropped slightly. Although the growth path has changed, the goal of 100 billion yuan remains unchanged, and the trend of improving competitiveness remains unchanged.

Given the current growth path and clear future development, we believe that an estimated premium should be given, corresponding to 25 times 2020, and a target price of 31.

5 yuan to maintain the “strong push” level.

Risk Warning: Overseas M & A synergy is less than expected, milk prices fluctuate due to New Zealand earthquake and climate change, and industry competition is intensifying.

Parental style does not change

Parental style does not change

On Thursday, Morning News Education News published “Daddy, there are 10.3 generation gaps between us”, which called a rebellious teenager chatting with his parents QQ, telling his parents a lot of opinions, this article caused a strong response among readers.

Many parents of callers on the day reflected their deep separation from their children, saying that they were helpless in the face of this generation gap between themselves and their children.

  Yesterday, from 2 pm to 4 pm, the 18th “Parent Hotline” opened by Morning News and the Municipal Academy of Educational Sciences was opened. Geng Xiling, a senior psychological counseling teacher at the Provincial Experimental Middle School, was invited to discuss with his parents “how to bridge the generation gap and resolve parent-child conflicts”.
  Issue # 1: Peeping Crime[Current Distribution]: Is the son in love early?

How to wake him up?

  [Complainant]: Ms. Hu’s son reads the third grade and vaguely feels that he is hiding something from us.

After returning home, he likes to hide in the room and tinker with the computer, specifically identifying what he is doing, but it can be determined that he is not “checking information” as he said, and is likely to be chatting with people.

  A few days ago to help him organize the bookcase, he found a letter in a book, which he wrote to a girl.

The letter expressed his admiration for the girl and wrote it with sincerity.

  I wanted to find my son’s personality, but I was afraid that he might find that I had peeked at his letter.

  [Expert prescription]First of all, parents are advised to adjust their mentality, and believe that although the child has an admiration for that girl, it is purely a normal expression of adolescent emotional characteristics.

Children can handle the relationship between friendship and love, learning and emotions. Only on the basis of mutual understanding, trust, and equal dialogue can children open their hearts.

If you just want to give your child a lesson and teach him, no matter how good the entry point is, it will not have a good effect.

  Due to the physical development of children in middle school, there must be too many “hidden words” for both men and women.

In addition, increased awareness of independence has made them less dependent on their parents than when they were children.

Their thinking ability is increasing, social practice is expanding, and they have to experience the world by themselves.

They differ from their parents in age, hobbies, and social experience, which creates a lock-in mentality.

Among their peers, they can open up and communicate happily.

  Furthermore, the development of self-awareness has led adolescents to develop many unique ideas, which are often considered by parents as “naive” and “want to be wrong.”

To avoid smirking, children are forced to block their own thoughts and inner secrets.

  Parents have experienced adolescents, but they often encounter the psychological characteristics of adolescents, and they over-control their children, which has caused the children to want resistance from both parents. Therefore, they are “not speculative.”

  Sticking point two: using violence to control violence[Current Warehouse]: How to dilute the hostile relationship and let the son accept himself again?

  [Complainant]: Mr. Qin’s 17-year-old son was in his second year of high school. He watched him carrying a schoolbag daily to school, but the school said that he couldn’t see him every day, and offered a great responsibility, asking us to take him home.

  In order to find out what his son did, his mother tracked it several times and found that he had made some bad friends outside, and several people were soaking up in Internet cafes all day.

His mother persuaded many times, but his son always promised verbally, turned and went into the Internet cafe again.

  Once, he asked me for money and told me what it would cost. I knew he actually wanted the money to play the game. The fire hit him in a hurry, and the father and son scuffled into a ball.

  Since then, the father and son have become enemies.

He no longer cares about me, as long as I am at home, he will justify running away.

It’s been half a year, and honestly I feel very sad.

  [Expert prescription]: Parents are advised to investigate and analyze first: What is the reason for the child’s sudden obsession with Internet cafes?

Is it because the “ham” in learning can’t get over, or the “ham” in interpersonal relationship can’t get over.

  In fact, more understanding and tolerance, comfort the child’s bad behavior after patient education, encourage him to cheer up, and correct bad habits.

Children with poor behavior should be given more caressing and care, and should not be disgusted with their hearts. They must meet their psychological needs of being touched and embraced by their parents.

This can not only deepen parent-child relationship, but also make children obedient and understandable.

In addition, the child needs to be accepted and belong to his society, family, class and peers, otherwise, the child is likely to cause bad behavior in loneliness and boredom.

Freckle removal and long-term combat of hidden spots on the skin _1

Freckle lasting war skin hidden spots to scratch

Women want to have a rosy and smooth face, because it not only gives people a sense of beauty, but also makes their spirit happy and good for human health.

However, some people’s shells of women of different ages have all kinds of spots, and this phenomenon is becoming more and more common. Don’t think that you have peace of mind without spots. The spots you can’t see are actually hidden in the skin.Breakthrough.

How to deal with long spots at different ages.

  The first age group is 20 years old, 20-24 years old, easy to grow spots: freckles, lighter sun spots, pigmentation after dermatitis. Freckles often appear at the age of five or six. People with white skin are more likely to have freckles, which are mostly distributed on the noseAnd both ends of the nose, often showing yellow-brown spots ranging from rice grains to soybeans.

After puberty and summer sun, many spots will increase and the color will also deepen.

Some girls do not pay attention to sun protection, often exposed to the sun without protection, and prone to sunburn.

After the dermatitis, different depths of marks are left. The metabolism of the skin will gradually fade, lighten or even disappear.

  20-24 years old how to deal with long-spot skin care Key point 1: Deep cleansing Do not think that the trunk is free of worries. Your invisible spots are actually hidden in the skin’s entanglement, because your skin is often exposed to the sun.

If you want to remove the hidden troubles and freckle spots, you must thoroughly clean the skin, and use the correct cleaning methods to keep the troubles of the spots away from the skin.

  Skin Care Key 2: Adequate sun protection will cause all UV rays, so you must stick to sun protection regardless of the season.

Minimize the chance of ultraviolet rays entering the inner layer of the skin, prevent skin cells from transmitting information to melanocytes, thereby preventing sunburn formation.

  Skin care point 3: Whitening and moisturizing Whitening and moisturizing products allow you to maintain your existing skin tone, or restore tanned and sun-damaged skin, can help the skin suppress and regulate the production of melanin, and lighten the spots that have formed.

Salmon reduces risk of cardiovascular disease

_1

Salmon reduces risk of cardiovascular disease

The Institute of Nutrition and Food Safety of the Chinese Center for Disease Control and Prevention and the Norwegian Institute of Nutrition and Marine Food jointly announced at a press conference that they will conduct the first cardiovascular health research in China. The research content is mainly about a marine food represented by salmon.Impact on health.

  It is reported that the research sponsored by the Norwegian Science Foundation will last for 8 weeks. Since August 2007, the research has been mainly carried out in men aged 35-70 with mild cardiovascular disease symptoms.

  ”We believe this cardiovascular health study will enable people to learn more about the role of diet in cardiovascular health and provide consumers with useful information to help them make healthy dietary choices.”

Professor Chen Xiaoshu, Honorary Director of the Chinese Nutrition Association said.

  Mr. Christian Hildan, Norwegian Embassy in China, said: “The Norwegian Science Foundation and the Norwegian Institute of Nutrition and Marine Food are very pleased to cooperate with groundbreaking projects in this area.At the same time also received the support of the Norwegian Seafood Foreign Trade Agency.

“A large proportion of Atlantic salmon sold in mainland China comes from Norway.

  Many people believe that an increase in diet, especially animal foods in the diet, is a major cause of cardiovascular diseases such as hypertension.

The alleged “Survey on Nutrition and Health Status of Chinese Residents” shows that 18.

8% of adults have hypertension and are estimated to have about 1.

600 million Chinese have high blood pressure and the population is growing.

  ”A lot of nutritional research around the world shows that eating seafood is good for the cardiovascular system and it is important for us to document this evidence systematically.

“Jiang Jian, a professor of the Nutrition and Food Safety Association of the Chinese Center for Disease Control and Prevention, said that as an indicator of leading this project, I have a strong interest in studying the health effects of Omega-3 fatty acids, which are seafood products, on human health.
Omega-3 fatty acids like salmon can reduce the risk of cardiovascular disease.

  Chinese and Norwegian scientific research institutions have shut down and analysed the nutritional content of 30 kinds of domestic marine foods and Norwegian salmon.

These agencies will provide consumers with scientific data on the overall health impacts of multiple sea foods that are popular in the Chinese market.

The study involved the selection of national marine food resets in Beijing, Shanghai, Nanjing, Guangzhou and Dalian.

Elderly macular degeneration

Elderly macular degeneration

Lao Wang is 52 years old. His previous eyes have been very good. However, in the past two years, he felt that things were a bit fuzzy. He once participated in the medical examination. The doctor said that there was a slight cataract. Since it was slight, Pharaoh did not care until the left eye of these two days.Suddenly a fixed black shadow appeared, and when it was deformed, it went to the Ophthalmology Hospital of China Academy of Chinese Medical Sciences. The results showed that the left eye had hemorrhage, a new blood vessel, and the right eye had atrophy. The diagnosis was “aging macular degeneration.”

The doctor said that the disease is not easy to treat; if it progresses, it will lead to serious visual impairment.

Pharaoh is trying to figure out what is going on with this “aging macular degeneration”?

Is it really so serious?

  Age-related fundus disease Age-related macular degeneration is an age-related fundus disease that usually originates in the age of 50 years, with an onset of age and an increased incidence.

In the United States, 11% from 65 to 74 years old, and 28% from 75 to 85 years old, has become the leading cause of vision loss in the elderly in Europe and the United States.

Regional sampling shows that the disease is rehabilitated in people over the age of 50 every year.

23%-10.

59%, which led to the improvement of people’s living standards and the ageing of the population’s age structure, which is becoming one of the main blinding eye diseases in the elderly.

  The main clinical manifestations of age-related macular degeneration are simultaneous or sequential loss of vision in both eyes, visual distortion, and ultimately severe visual impairment.

The pathogenesis is still not very clear. It is generally considered to be related to age, heredity, smoking, environmental factors, high-fat diet, chronic photodamage, cardiovascular disease, etc., which cause pigment epithelial transmutation under the intraocular visual cells, making abnormal substancesAccumulation at the bottom of the retina, which in turn causes damage to the visual cells, eventually leading to severe vision loss.

Clinically divided into “atrophic” and “exudative”.

The direct occurrence of visual cell degeneration and degeneration, called atrophy, can lead to a chronic decline in vision, accounting for about 85% of the sick, new blood vessels, causing retinal hemorrhage, forming a trace of mechanized residual called exudative, onsetThe rate is less than 15%.

However, the development is faster and the vision loss is obvious.

Partially atrophic eyes can also undergo neovascularization and become exudative.

  Western medicine treatment of age-related macular degeneration The current Western medicine has no ideal treatment for age-related macular degeneration.

Anti-oxidants and zinc preparations are generally given or are not treated for atrophic lesions.

For exudative lesions, laser photocoagulation, photodynamic therapy, alone or in combination with intraocular injection of anti-vascular diffusion drugs to promote the recurrence of fundus neovascularization, has a certain therapeutic effect on some patients, but only becauseThe resulting “new blood vessels” work.

Can not eliminate the root of the disease, so the condition is easy to repeat, requires multiple treatments, and the cost of treatment is high, it is difficult for patients to accept.

The treatment of the surgery is still in the exploratory stage, requiring higher surgical skills and the patient is also exposed to the corresponding risks.

  TCM syndrome differentiation, kidney, phlegm, phlegm, qi and blood, virtual fire, etc. in the eyes of traditional Chinese medicine to attribute the age-related macular variability to “visual fainting”, “straight as the music” and other parts, the treatment is mainly based on the patient’s general condition andLocal dialectical treatment of the eye.

Chinese medicine believes that after entering the old age, the function of each organ gradually declines, the liver and kidney essence gradually loses, the blood and blood are weak, the fluid is dry, the eye is lost in maintenance, or the blood is weak and stagnant, and the blood cannot be kept in the pulse.In the road, or the virtual fire damages the veins, and sees the fundus bleeding, the vision is unclear.

Dialectical is generally from the spleen, kidney, phlegm, phlegm, qi and blood, virtual fire and so on.

For patients with “atrophic type”, drugs that use spleen, kidney, and qi and blood are often used.

For patients with “exudative” type, according to the condition of fundus hemorrhage, prescriptions for cooling blood to stop bleeding, promoting blood circulation to remove blood stasis, dissipating phlegm and stasis, etc., are also adopted.

After the above-mentioned syndrome differentiation treatment, a considerable part of patients have improved vision, fundus hemorrhage absorption, and even some patients who have been repeatedly treated with photodynamic therapy have improved their condition after TCM treatment, but the cost of Western medicine is much less.There is no direct trauma to the eyes.

  Age-related macular degeneration is the incidence of both eyes. In the treatment of unilateral eyes, it actually plays a role in healthy or relatively healthy eyes. This is one of the advantages of traditional Chinese medicine.

  Lao Wang’s condition feedback For Lao Wang, according to its constitution and condition, we have adopted the treatment method of cooling blood to stop bleeding and blood stasis. After about 1 month, the left eye fundus hemorrhage is obviously absorbed, and the visual acuity is improved compared with the onset.After 3 lines, the Chinese medicine was adjusted and replaced. After 2 years of follow-up, there was no repetition.

  Link: According to a study by the Hong Kong Polytechnic University, taking a small amount of scorpion daily helps reduce the risk of age-related macular degeneration.

Early morning is a good time to lose weight

Early morning is a good time to lose weight

Guide: For the busy working class, the most troublesome thing about exercising usually is that there is not much time.

In fact, I am busy for a day, I have to sleep well at night, and I have to arrange some time in the morning to lose weight.

Some small habits after getting up in the morning can keep you squatting, easy to do and no special training time.

Three steps to lose weight in the morning, become your way of life after getting used to, and create a perfect curve that is easy and natural.

  Wake up at 7:00 in the morning, get up and drink water to help detox girls. When the girl star finds her beautiful remedies, she will drink a large glass of water in the morning, which can eliminate edema!

The reason is that the night may eat too much alkali or drink too much water, did not discharge after a night of sleep, drink a large glass of water after getting up in the morning, leading to rapid urination.

  Even if you are in the process of losing weight, you should absorb at least 2000 cc of water every day to maintain normal functioning and eliminate waste.

  In addition, the current hot trace mineral water, containing calcium, magnesium and other minerals, has no emissions, for people who always eat food, but also can effectively supplement nutrition, is also a good choice.

  Exercise 7:30 AM slimming morning exercise, the effect is significant in doing morning exercises every day, not only can make people refreshed to start a day of work and study, but also to maintain a body shape, eliminate redundant misfortunes.

But to see the obvious effect, an important condition is “persistence.”

  The body is stretched and stretched: the body is lifted, like a stretch, but it must be increased.

If you are lying on a bed, you can use both hands to grasp the bed above the head (or the two sides of the body connected to the double-sided bed), and raise the legs with one leg in turn (or both legs).

  Slightly lift your legs and slow down when you fall back.

Do 20?
30 times.

Helps reduce excess aunt in the lower abdomen, strengthen abdominal muscle strength, and increase the elasticity of the abdominal muscles.

  Supine and hips: supine on the bed, knees, knees close together, the feet are slightly wider than the hips, the arms are straight (palm down) placed on the side of the body.

The legs are separated, the center of gravity is moved to the shoulders, supported by the shoulders, inhaled and lifted, and stopped.

  Exhale, slowly lower the chest and restore.

Repeat the exercise more than 20 times.

It is effective for reducing the waist, the hips and the excess meat, strengthening the waist, hip muscle strength, and strengthening the kidney.

  Morning exercises for facials If you don’t want to relax your skin and don’t want to repeat cosmetic surgery and medications, you don’t want to do a facial morning exercise every day.

  Wear a loose, unobstructed dress, gently apply dry skin to the skin with a skin care product, sit on the chair, lean against the back of the chair, and start inhaling with your nose, then exhale with your mouth.

  Method: Take a deep breath and then force the exhaled breath to the nose and wings.

Exhale should be like this: exhale through the right corner of the mouth, the left corner of the mouth is closed; then exhale through the left corner of the mouth, then the right corner of the mouth is closed.

  Slowly and deeply inhale, delaying your breathing by 3?
4 seconds.

After bulging your cheeks, force the inhaled air out of the closed lips.

  Shower 8:30 AM Morning bathing, light and refreshing Westerners like to come to a morning bath, it is not unreasonable, in addition to clear mind, clean pores, activate metabolic cycle, and then rub on the face care products or body tightSkin products, the effect is particularly good, if you have time, even a simple bath is even better!

  By taking a rise in body temperature during bathing, the body’s metabolic rate increases, as if it were a step, it can also consume some calories.

The water temperature is 38?
39 ° C is better, each time you make a 20?
30 minutes is enough.

Xiaobian’s message: It’s all in one day, in the morning, in the morning, to warm the sun, exercise and lose weight, not only can achieve good weight loss, but also allow you to have a fuller spirit.