Dragon Python Baili (002601): Price rises again after 22 days, titanium dioxide faucet embraces high boom cycle

Dragon Python Baili (002601): Price rises again after 22 days, titanium dioxide faucet embraces high boom cycle
Event: Only 22 days after the company raised the amount of titanium dioxide on February 13, the company announced again on March 7. From now on, the sales price of various types of titanium dioxide (including sulfate titanium dioxide and chloride titanium dioxide) is at the original price.On the basis, it is increased by RMB 500 / ton for domestic classified customers and USD 100 / ton for international classified customers. Leads in the titanium dioxide industry have gradually increased and stabilized.After the company acquired Longman Titanium in 2016, it has 54 sulfuric acid method production capacity and 6 chlorination method production capacity conversion, totaling 60 tons / year of titanium dioxide production capacity, ranking first in Asia, fourth in the world, and the only one in the country that has bothIndustry listed companies with sulfuric acid and chlorination capacity. The moat that runs through the entire industrial chain has significant competitive advantages.The company has resources upstream (the Longman Titanium and Ruierxin are successively acquired), the middle reaches 重庆耍耍网 have chlorination technology (the first phase is 6 tons / year with stable operation, and the second phase is 20 tons / year is about to be trial-produced), and the downstream has market and pricing rights(Exports account for over 50%, leading the industry to increase prices after the Spring Festival). The industry leader is configured to transition the moat of the entire industrial chain, and has a significant competitive advantage. The introduction of new production capacity of the chloride method helped the company to go global.Against the background of the global supply-side contraction and optimistic export performance, the company’s second phase 20-per-year capacity production plan for the chloride method will be trial-produced in the second quarter. Under the blessing of technology and experience accumulation in the first phase, it is expected that the successful commissioning will be highly deterministic.Will lead the mainstream development direction of China’s titanium dioxide, and help the company’s performance to a higher level. Continued high dividend returns to shareholders.Since the company went public in 2011, it has implemented cash dividends 10 times, with an average dividend rate of 82.3%.6 for every 10 shares in the first half of 2018.5 yuan, the dividend rate is 67%, and the dividend rate is 4.94%, continued high dividend returns to shareholders. Maintain “Buy” rating.It is expected that the company’s net profit attributable to its parent from 2019 to 2020 will be 35.57/41.610,000 yuan, corresponding to EPS 1.75/2.05 yuan, 9/8 times PE, maintain “Buy” rating. Risk reminder: the risk of falling titanium dioxide prices, the risk of new production capacity is less than expected.

Da Bei Nong (002385) Annual Report Comments: Industry downturn, poor performance, waiting for pig prices to increase

Da Bei Nong (002385) Annual Report Comments: Industry downturn, poor performance, waiting for pig prices to increase

Event: Dabeinong announced the 2018 annual report.

In 2018, the company achieved revenue of 193.

2 billion (+2.

99%); net profit attributable to mother 5.

07 billion (-59.

93%); 1 after deduction.

1.7 billion (-杭州桑拿88.

26%).

  Of which single quarter: company income 50.

84 billion (-5.

1%), net profit attributable to mother 0.

6.6 billion (-84.

4%), after deducting non-zero.

1.7 billion (-92%).

  The company expects the first quarter: expected 0 to 0.

40,000 yuan, a profit of 1 in the same period last year.

800 million.

  The feed business is under pressure.

In 2018, the overall downstream of feed was turbulent, the price of aquatic products was high and then low, the price of pigs was low and affected by non-pesticidal diseases, and the price of poultry rose from low due to shrinking stock.

In this environment, the feed sales volume of the entire industry has slightly shifted, and some varieties such as pig feed have been significantly decomposed. The company’s key products are pig feed front-end feed, which 成都桑拿网 interferes with the quantity and profit.

Highest sales 459.

75 inches (+3.

56%) of which pig feed was 374.

25 inches (+1.

38%), aquatic product 45.

44 baselines (+19.

34%), ruminant 30.

72 digits (+14.

41%), poultry feed 8.

51 benchmarks (-6.

12%).

Company feed income is 166.

700 million (+1.

66%), gross margin decreased by 3 units to 19.

45%, the gross profit margin of pig feed decreased by 3.

58 units.

  Pig farming expanded rapidly, and the downturn caused losses.

The company’s “pig raising business” has been implemented for 4 years, and Zhang Lizhong, the former head of the pig raising department, has continued to make rapid progress since taking over as president.However, the hog price gradually bottomed in 2018, and the average price was only 12.
.

7 yuan / kg; non-pesticidal outbreaks after August, further impact.

  In 2018, the company’s system totaled 1.68 million heads (113 holding subsidiaries).

130,000 heads, a year-on-year increase of 76%).

(Continued on the next page) However, it is estimated that due to the impact of diseases and other diseases, the productive biological assets will be changed from 1.

400 million to 0.

9.5 billion.

The company is expected to produce 230,000 sows at full capacity by the end of 2019; the target is to produce 5 to 6 million pigs by 2020.

Due to the increase in deposit costs during the rapid expansion process, we estimate that the cost of the company’s pig farming department is still relatively high at present.

6 billion.

  Seed business growth stagnates, waiting for policy changes.

The company’s seed business growth stagnated in 2018, with total sales of 1740.

650,000 kg (-31.

7%), of which the corn is stable, and the early growth of rice is significantly intensified due to double reform and fierce competition in the industry.

However, the company’s seed sector has a wealth of technology reserves, and its approval progress is leading. If there is a change in the subsequent genetic modification policy, it will bring huge opportunities for the company.

  Financial expenses have increased, and equity incentive expenses and investment income have significantly affected profits.

In 2018, the overall business of the company was not good, with a pressure gap. Accounts receivable increased by 28% every year without substantial increase in sales volume.

The credit environment tightened, and long-term and short-term borrowings increased by about 6.

500 million, resulting in financial expenses increased to 2.

5 billion (+ 57%).

The remaining non-recurring items affecting profits are mainly the provision of equity incentive expenses in the first quarter1.

200 million, and the rural credit interconnect in the third quarter6.

62% equity (before capital increase) price 3.

6.4 billion transfers, after-tax income increased by 2.

35 billion.

  Investment suggestion: In 2018, both pig feeds are under pressure and the company’s performance is not good.

However, the overall pig price is currently bullish, and the company is expected to encounter the upward trend of the pig industry in the later period, with the volume and profit increasing, and the feed business will also be supported.

In addition, the company’s seed business is generally sluggish at present, but there are opportunities for policy transformation in the future.

Overall, we believe that the company will seek to improve the situation in the future as the industry warms.

After adjustment, the company’s EPS is expected to be 0 from 2019 to 2021.

2, 0.

43 and 0.

49 yuan, corresponding to the closing price of PE 38 on April 23, 2019.

7 times, 18.

2 times and 16.

1x, maintaining the level of “prudent overweight”.

  Risk warning: animal disease, fluctuations in pig and poultry prices, changes in commodity prices, policy changes

Can newborns cut their nails?

Can newborns cut their nails?

Many parents love their newborn baby. When they see their little hands scratching purposelessly, they are worried that they will scratch their faces.

Some parents dare not recover nails for their newborns, so they put on a pair of gloves for their children.

Experts believe that wearing gloves may cause multiple injuries to newborns.

  Experts say that wearing gloves looks like it can protect the skin of newborn babies, but from the perspective of infant development, this directly restricts the child’s hands, restricts finger movements, and is not conducive to tactile development.

  Towel gloves or gloves made of other cotton wool, such as thread tips inside, can easily entangle children’s fingers and affect the local blood circulation of the fingers. If not found in time, it may cause neonatal finger necrosis and cause serious consequences.

  Tianjin Children’s Hospital often treats this type of child in neonatal surgery. Most babies are cut off by necrotic fingers because their parents find it too late, which causes lifelong pain for the child and the parent.

  Therefore, experts remind that from the perspective of finger development and safety of newborns, parents should not wear gloves to newborns.

To prevent newborns from scratching their faces, doctors recommend that if the newborn’s nails are long, parents can carefully correct them while he is asleep; be sure to hold the newborn’s small hand when cutting the nails to prevent the child from being shaken by fingersScissors hurt. Also, do not cut your nails too short to avoid damaging the nail bed.

Eating different foods can prevent different diseases

Eating different foods can prevent different diseases

Specific foods have a good therapeutic effect on specific diseases, which is the basis of our diet.

Let’s take a look at some foods that are most relevant to us.

  1. Milk: suffering from bronchitis. Recently, a statistical data from American scientists showed that 31 of the patients with chronic bronchitis who smoke.

7% never drink milk, while smokers who drink milk daily have less than 20% of people with bronchitis.

Why is this?

Scientists believe that milk contains a large amount of vitamin A, which can protect the trachea and bronchial walls and reduce their chance of inflammation.

  2. Pumpkin seeds: Prostatic hypertrophy is a major problem for men over 50 years of age.

Recently, American researchers have proposed a new method for recruiting enlarged prostates, which is to eat 50 grams of pumpkin seeds every day.

Regular consumption of pumpkin seeds can restore the second stage symptoms of prostate hypertrophy to the initial stage, and significantly improve the third stage disease.

Because the active ingredients in pumpkin seeds can eliminate swelling in the early stage of the prostate, and also prevent prostate cancer.

  3. Spinach: Preventing Retinal Degeneration The latest research from Harvard University in the United States shows that eating 2?
Spinach 4 times can significantly reduce the risk of degradation.

The key factor that protects eyesight from spinach is that it is rich in carotenoids. This compound is found in green leafy vegetables and prevents sunlight from damaging the retina.

Retinal degeneration is just the initial loss of vision in the elderly over 65 years old. Therefore, eating more spinach is likely to improve the vision of the elderly.

  4. Fish: Preventing diabetes Experts at the Dutch National Institutes of Public Health have found that fish contains a large amount of omega-3 fatty acids, which can enhance the body’s ability to break down sugars and utilize them to maintain normal glucose metabolism.

Pointing fish, eel, halibut, cuttlefish, tuna, red thistle, etc. are all great products for preventing diabetes.

  5, Tartary buckwheat: Hypertensive, high blood pressure, Sichuan’s specialty tartary buckwheat, known for its bitter taste and rich nutrition.

According to analysis, the food contains many trace elements necessary for human body, and the content of magnesium, zinc, chromium, selenium and other elements is particularly rich.

These elements are closely related to the function of the heart and brain blood vessels of the human body. Therefore, those who eat bitter buckwheat often have normal lipids and plasma in their blood.

  6. Chinese Cabbage: Eat anti-breast cancer scientists every day after comparing three meals recipes in various countries in the world. It is cited that the incidence of cancer in Chinese and Japanese women is lower than that in Western women because they eat more Chinese cabbage.
Chinese cabbage contains a compound, indole-3-methanol, which helps break down the estrogen related to titanium sulfide.

According to estimates, eating Chinese cabbage every day can make the body absorb this compound, which can achieve the purpose of preventing diabetes.

  7. Garlic: One and a half days to prevent bowel cancer. New Zealand scientists used experimental mice to study the anti-cancer mechanism and dosage of garlic. It was confirmed that the anti-cancer effect of garlic comes from the substitution of disulfide diene.It removes carcinogens and protects the body, making people suffer from cancer.

The diallyl disulfide contained in half a clove of garlic is sufficient to prevent cancer. Therefore, just sticking to eat half a clove of garlic every day can effectively prevent bowel cancer.

  8. Black tea: The “killer” of the flu. The flu involves a wide range of people and is harmful to the human body. It cannot be ignored.

Japanese scientists have discovered that the flu virus loses contagion as soon as it comes in contact with black tea.

Experts suggest that in the high season of flu, drinking black tea or sticking to mouthwash with black tea water may be an alternative and effective preventive measure.

  9, strawberries: the best fruit for insomnia Turkish medical experts believe that it is best to use natural things to treat insomnia, rather than rely on drugs.

Strawberry has the magical effect of healing insomnia. This effect is mainly due to its rich potassium and magnesium, potassium has a sedative function, magnesium can soothe the body, and the combination of the two can achieve the effect of sleep.

Select TV program type to see attitude

Select TV program type to see attitude

Which of the following popular script types are some of the most appealing to you?

  One.

With professional knowledge (such as legal or medical) B.

Hilarious comedy class C.

Romance class D.

Mystery Reasoning Choice A: You have high demands on others and yourself. Some people have a lot of psychological pressure when you get along with you, but in fact, you have a knife-shaped tofu heart. If others can admit their mistakes, even the biggest things will becomeTrivia.

  Option B: You are easy to be oppressed by the bully of the war, and always fall behind.

However, although the feeling of being used is not good, and you are back to life at that time, you can forget it after a while and it will not affect your trust in others.

  Choice C: What you are after is a passion. Even if you are already old, you are looking forward to another vigorous love.

  Choice D: Because of being ignorant of human affairs, try to avoid interpersonal conflicts.

If a conflict occurs, “pretending to be dead” is your trick. Attempting to divert the other party’s attention is your attitude towards the conflict.

Acupuncture side effects, improper use, damage to internal organs

Acupuncture side effects, improper use, damage to internal organs

Although acupuncture weight loss has not been recorded in ancient medicine, it has recently been clinically acupuncture to suppress appetite and achieve weight loss. It has basically been affirmed, especially for those who use weightless drugs or drugs to reduce weight. Traditional Chinese medicine acupunctureThe way to lose weight is actually a good weight loss method.
  针灸不当可能损伤内脏  据调查,目前许多生活美容院都存在着针灸减肥的项目,她们往往打着“快速减肥”“一针见效”的广告语来招揽顾客,但实际上,在生活美容院里It is completely illegal to carry out such acupuncture weight loss.
Because of improper acupuncture, it causes heart, lung, liver and other visceral injuries.
  In addition, after the silver needle is inserted into the acupuncture point of the human body, the capillaries may be broken. Therefore, if the silver needle is not fully autoclaved during repeated use, it is easy for patients to spread blood and hepatitis B diseases.
  针灸减肥不卫生感染传染病  在一些针灸减肥场所没有严格按照“一人一针一穴”的基本原则,用完后立即丢弃;也没有必要的消毒设备,如果使用非一次性的针灸针,那么每After passing through acupuncture points, the needle should be put up and soaked, and then autoclaved, so as to prevent the spread of infectious diseases through acupuncture needles.
Soaking only with disinfectant does not solve the problem.
In this case, the risk of contracting infectious diseases is quite large.
  Acupuncture to lose weight improperly fainting coma No effect is the most wasted money, delaying the time, the most terrible is “to tie things out.”
When acupuncture is used for weight loss, the needle of the abdomen cannot enter too deep, otherwise the organ may be injured.
Especially for young women with thin abdominal walls, more attention should be paid.
In addition, acupuncturists should also have the ability to handle abnormal phenomena such as fainting, stagnation, curved needles, and folding needles.
“Acupuncturists” who have not systematically studied anatomy, acupuncture and moxibustion, may have no understanding of the above situation. Their technical level is not only doubtful, but also fearful.
  Acupuncture weight loss method is suitable for young and middle-aged obese people aged 20 to 50. Here, Feihua Net Xiaobian also reminds everyone that acupuncture weight loss is not a panacea, so when taking acupuncture, pay attention to professional Chinese medicine acupuncture to lose weight.Institutions, in order to be protected, will avoid some of the side effects of acupuncture weight loss.

Survey finds that 80% of college students are trapped by love

Survey finds that 80% of college students are “trapped by love”

“My freshman feels ‘Li Liyuan Shang Cao’, my sophomore laughs at ‘Qing Qing He Bian Cao’, and my senior year sighs ‘Where there is no fragrant grass'”.
This kit is very popular among the students of Shencheng University.
However, while talking about love is prevalent in college, it is more confusing to students.
A few days ago, Shenyang University of Technology held a large-scale on-site mental health consultation activity. Director Qin Manli of the University Student Mental Health Service Center found that the psychological problems that currently plague university students are mainly emotional problems. Rough statistics show that about 80% of students are emotionally trapped.
  As society attaches importance to mental health issues, more and more college students dare to seek help from psychiatrists.
Director Qin Manli told reporters that more college students are now seeking help in the psychological counseling room. This not only shows that they have improved their understanding of psychological problems, but also shows that more students encounter psychological confusion.
  What is unexpected is that emotional problems are the most common problems encountered by college students among many psychological problems.
“Yesterday, four college students came for consultation, all of which were troubled by feelings.
Sun Yang, the instructor of the Mental Health Service Center of Shenyang University of Technology, told reporters that judging from the question of consultation, the majority of the emotional problems will not be dealt with. The common emotional problems encountered by college students are painful due to secret love.Emotional instability or emotional difficulties.
  In fact, even if college students have no problems in emotional confusion, employment pressure, etc., they will encounter other psychological confusions. The emergence of these problems is just a “future”.
Director Qin Manli’s analysis based on the emotional problems encountered by college students found that, on the surface, the students were confused because their feelings were not smooth, and actually exposed the weaknesses of the only child and family education.
According to Director Qin, many college students are baffled when they fall in love. They think they are excellent but they are not favored. This is more common among male students.
Girls are usually eager to fall in love because they have a narrow social circle and are too dependent on others. They do n’t know that such a relationship is vulnerable. Once they lose love, they will feel pain because they have no other friends and no dependants.