Category Archive : 夜生活

Irvine injured in the first leg of the 2015 NBA Finals and left the football jersey to vent his anger so heartbreaking_1

Irvine injured in the first leg of the 2015 NBA Finals and left the football jersey to vent his anger
In the first game of the finals, the Cleveland Cavaliers lost 100-108 to the Golden State Warriors by overtime on the road.Cavaliers starting point guard Kyrie Irving scored 23 points on 10 of 22 shots, plus 7 rebounds, 6 assists, 4 steals and 2 intervals of comprehensive data, but in overtime, Owen accidentally injuredField, which undoubtedly cast a shadow on the Cavaliers’ prospects in the finals.Irving Irving was forced to fall out after breaking out of the jersey to vent his depression. Irving should not have thought in advance that his first playoff trip in his career will always be linked to injuries, sprained right leg, left tibia tendonitis, doubleA leg injury prevented Irving from being able to play to his full strength in the playoffs.But even so, Irving averaged 18 in 12 playoff games.7 points, hitting a three-pointer as high as 48.1%.Although his insistence on fighting with injuries is a great encouragement to the Cavaliers, the bad thing is: Irving’s injuries cannot be cured.  Before the start of the finals, the Cavaliers had more than a week of rest, but Irving still did not think he could recover to 100% in the first game in an interview.But at least Le LeBron James said that even if it is only a 50% Irving, he is still a non-negligible presence on the court and can have an important impact.  For any player, the first stage of the finals will always inevitably produce tension, and Irving is naturally no exception.After the opening, Irving tried three consecutive shots, but all expanded the basket.But after a little adjustment, he gradually found a feeling on the offensive end.In the second half of the first quarter, Owen first hit a three-pointer, thus completing the first goal of his personal finals career.After that, he succeeded in steals and faced the retiring Warriors power forward Green, Irving’s constantly changing rhythm in the process of fast dribbling progress made Green unable to defend.In the end, Owen easily hit a layup from the basket.Since this goal was not serious, Irving is worthy of being one of the best NBA ball controllers and a basket finisher.  Since entering the NBA, Owen’s offensive talent has been revealed, but his defense has always been criticized.In the first half of the game, Owen had some impressive performances on the defensive end, such as a successful blockade of Curry and two steals.In addition, he scored 9 points on 4 of 9 shots, plus 4 rebounds and 3 assists.Although the data is not conspicuous, Irving has put efforts in all aspects of the game.  After adapting in the first half, Irving played a lot more relaxed in the second half, he showed his breakthrough skills many times, and also scored three points.But Owen’s most impressive performance in the second half came from the defensive end.With 31 seconds left at the end of the fourth quarter, the two sides tied the game.The Warriors arranged an offensive tactic one by one by suspending. Curry easily broke Owen with the ball. Seeing Curry would complete an easy layup, Owen who did not give up tried hard to chase and tried to cover Curry’s layup.His defense was named by Jeff Van Gundy as an incredible substitute.  However, in overtime, the Cavaliers’ offense suddenly stopped and stopped, and they were even more worried that Owen was injured again. During a dribble attempt to aim at Thompson’s defense, he accidentally twisted to the upper left andEnded halfway through overtime.From the scene, Owen limped on the way back to the locker room, and his expression caused great pain.  Before the finals began, Clay Thompson’s father, Old Thompson, once said that if Irving can stay healthy, plus James’s presence, this round of the finals should be able to enter the tiebreaker.But crossing Irving was injured again in the first game, which will inevitably have a great impact on the Cavaliers.(Rosen)

Preview of the first season of Kingdom in the second season, Netflix launches in March 2020

Preview of the first season of “Kingdom” in the second season, Netflix launches in March 2020
Sauna Night News December 24, the trailer for the second season of the Netflix series “Kingdom” starring Zhu Zhixun, Pei Douna, Liu Chenglong and others was first exposed.In the second season of “Kingdom”, the heroine played by Zhu Zhixun will return to the palace to find the root cause of the epidemic spreading throughout the country, exploring a series of conspiracy and secret truth stories.The show is directed by Jin Chengxun, director of “Going to the End” and “Tunnel”, and written by “Signal” screenwriter Jin Enxi. It will be available on Netflix in March 2020.It is reported that at the end of this season, the role played by Quan Zhixian will be surprised.In addition, Netflix has also decided to produce the third season of “Kingdom”.On November 28, Korean media reported that the role played by Quan Zhixian will be surprised at the end of the second season of “Kingdom” and lead to the plot of the third season.On November 29, Quan Zhixian’s brokerage company responded to the matter, saying that Quan Zhixian did participate in the filming of the second season of “Kingdom”, but did not determine whether to appear in the third season of “Kingdom”.Sauna Night Editor Xu Meilin proofreading Wu Xingfa

5100 parent company’s Tibetan hypertension decreased by 7 in 2019.4.5 billion

On the evening of March 31, the expansion of the Glacier Water brand 5100 parent company Tibet Expansion released a financial report showing that in 2019, Tibet expansion achieved customer contract revenue7.21 trillion, down 18% a year; operating profit 1.US $ 3.3 billion, a 61% decrease each year; profit attributable to company owners decreased by 7.4.5 billion US dollars, the annual data for 2018 is 3.1.8 billion.According to the annual report, in 2019, Tibet’s expansion has basically completed its strategic layout in Tibet’s aquaculture industry.In August 2019, China National Petroleum Corporation acquired 51% of the equity of Tibet Shanan Yala Xiangbu Industrial Co., Ltd. and became the controlling shareholder of Shanan Yala Xiangbu. In 2018, at the high level, Tibet Oilfield acquired Shannan9% equity of Yala Xiangbu.It is understood that Shanna Yala Xiangbu has started to produce “Ge Sang Quan” products in the second half of 2019, and has already begun to sell in the gas station channels of some Chinese provinces of PetroChina.As of the end of 2019, about 30,000 refueling stands have been selling packaged aquatic products from Tibet and related to the extension of Tibet.Tibet Democracy and PetroChina have planned to gradually cover the Gesangquan products to all CNPC gas station channels throughout China.It is estimated that in 2020, there will be about 50,000 gas stations in China that will sell packaged aquatic products related to the expansion of Tibet.In terms of sales volume, the total sales volume of Tibetan democracy products is 10.97, including 6.54 aquatic products sales and 4.42 beer product sales.The total sales volume of Tibetan plateau aquatic products decreased by 11% compared with 2018, and the sales volume of “5100 Glacier Water” and “Gesangquan” products decreased by 12% and 7% compared to 2018; beer product sales decreased compared to 201815%.The population of Tibet said that in the future, it will strengthen sales and logistics cooperation with key platforms such as JD.com and Tmall to speed up the development of the Group ‘s products in e-commerce sales channels, and combine the group ‘s service system in the national gas station channels to build more consumerService network for consumers and retail terminals.Sauna, Ye Wang Wang Ziyang Editor Zhu Fenglan proofreading Chen Diyan

[How to make milk chives cakes]_Home made milk chives cakes_How to make milk chives cakes_How to make milk chives cakes

[How to make milk chives cakes]_Home made milk chives cakes_How to make milk chives cakes_How to make milk chives cakes

Food is vital to our body, and it is closely related to our lives.

A good diet can extend your life.

On the contrary, a bad diet can take away our precious lives.

So we should learn to cook, Xiaobian will introduce milk and spring onion cakes for everyone.

1.

Chopped green onions and beat eggs into flour 2.

Pour a small amount of oil into a pot, gently shake the pot to make the oil fill the bottom of the pot. When the oil is 60% hot, turn off the small heat, use a small spoon to scoop the flour into the pot with a spoonThin the flour and cook quickly) 3.

2 While adding milk, stir into a thin paste, add a few drops of sesame oil, a moderate amount of salt, and a few peppers and stir a few times.

When one side is slightly yellow, use the chopsticks to turn the other side.

Both sides are cooked and they are almost cooked. Prepare a plate next to them, pick out the cooked ones, and continue to add new batter5.

The seductive milk chives flower cake, one bite, delicious and good-looking and nutritious. Maybe you have eaten a lot about the milk chives flower cake version, but you must not imagine what it will taste like.

To satisfy curiosity, you can really try it yourself.

[Eggplant water boiling function and effect]_Benefit_Set

銆愯寗瀛愭妸鐓按鍔熸晥涓庝綔鐢ㄣ€慱濂藉_鐩婂
What are you talking about? What are you talking about? What are you talking about? What are you talking about? What are you talking about?鎶婂叿链夐潪宁稿镄勫姛鏁堜綔鐢纴鐢ㄨ寗瀛愭妸镦按鍙互璧峰埌闈炲父濂界殑闄嶄綆琛€绯栥€侀槻鐧屾姉鐧屻€佹竻鍑夎В姣掔瓑浣滅敤锛岃繖鏄洜涓哄畠鍚湁涓板瘜鐨勫绉嶇被鍨嬬淮鐢熺礌鎴愬垎锛屼汉浠彲浠ュ鍔犱竴浜涘瀹冪殑浜嗚В銆備竴銆佽寗瀛愭妸鐨勫姛鏁堜笌浣滅敤鑼勫瓙钂傚彲鏄釜瀹濆摝锛屽彧鏄璇嗙殑浜轰笉澶氾紝澶у閮芥妸瀹冩墧鎺変簡锛屽緢鎯嬫儨銆傝寗钂傜倰鐫€鍚冿紝鐢樼敎杞锛屽毤璧锋潵鏈夐鑿囩殑鍙f劅锛屽緢涓嶉敊鐨勩€?I ‘m going to take a chain, and I ‘m going to drill down in the world, I ‘m going to go through any ring chain, I ‘m going to do it, I ‘m going to do it, I ‘m going to do it.愯繛鑼勮拏1璧峰悆锛屽彲浠ュ彇寰楁洿鍏ㄩ潰鐨勮惀鍏诲拰鑽敤鏁堟灉銆傝寗瀛愭€у懗姣旇緝瀵掞紝鑼勫瓙钂傛伆濂藉彲浠ュ钩琛″畠鐨勫瘨鎬с€?鑼勫瓙鐨勮惀鍏讳环鍊煎ぇ瀹堕兘寰堟竻妤氾紝鍏跺疄鑼勫瓙鍏ㄨ韩閮藉彲鍏ヨ嵂锛屽叾鏋滃疄銆佽寗钂傘€佽寗鎶娿€佹牴銆佽姳銆佸彾銆佸辜鑻楅兘鍏锋湁鐥涙秷鑲裤€佹竻鐑€佹椿琛€绛夊姛鑳姐€傝€岃寗钂傝倝璐ㄨ緝涓哄帤瀹烇紝鏄嵂鎬ф瘮杈冨ソ鐨勫叧閿儴浣嶃€傝寗瀛愯拏鍚绉嶇淮鐢熺礌锛屽彲鍑忎綆鑳嗗浐閱囷紝闄嶈鍘嬶紝鏈夋姉鐧屻€侀槻娌诲績鑴戣绠$柧鐥呯殑浣滅敤銆傝寗瀛愯拏杩樺彲浠ラ闃插彛鑵旀簝鐤°€傝寗瀛愯拏鐨勮嵂鐢ㄤ环鍊硷紝鍙ょ睄鏃╂湁璁拌浇锛氥€愬姛鑳戒富娌汇€戝噳琛€;瑙f瘨銆備富鑲犻涓嬭; 頥 堣 force; 牵 罛 萤?鐗欑棝銆備簩銆佽寗瀛愭妸鐓按鑳芥不鍜冲椊鍚楄寗瀛愭妸鐓按鑳芥鍜炽€傛柟娉曪細鍙?涓柊椴滈暱鏉$传鑼勫瓙浠庢牴閮ㄨ繛锛堟妸锛夎拏鍒囨柇锛屽厛鏀惧叆鍐扮鍐峰喕鍗婂ぉ锛堣鍐婚€忥級鍚庯紝鏀惧叆閿呬腑鐓按锛屾按寮€鐓?Could you tell me what to do and what to do? Just click on the button and sorrow?娆°€傝寗瀛愭妸鍎挎湁娓呯儹鐨勮嵂鐢ㄤ环鍊硷紝鍐昏繃浠ュ悗鍙堝鍔犱簡瀹冪殑瀵掓€э紝瀵逛簬鍥犱负鍐呯儹寮曡捣鐨勮偤鐑挸鍡斤紝鍙互璇存槸瀵圭棁涓嬭嵂銆傜墮鐥涳細锛堜竴锛夎寗瀛愯拏銆旂敤鏂欍€曡寗瀛愯拏50鍏嬨€旂敤娉曘€曡寗瀛愯拏娉℃蹈绫抽厭锛屼互妫夌悆铇稿榻垮瓟銆傛瘡鏃?娆°€傘€斿姛鏁堛€曟竻鐑潃铏紝姝㈢棝銆傘€斾富娌汇€曢緥榻跨墮鐥涘瀷銆傝瘉瑙佺墮浣撲笉鏂伃鍙椾镜铓€鍑虹幇铔€瀛旓紝楗鏃堕鐗╁祵濉炰簬榫嬫礊锛岃嫢鍙楀喎鐑吀鐢滃埡婵€锛屽彲寮曡捣鐤肩棝銆傞闃插彛鑵旀簝鐤°€傜敤鑼勫瓙鎶婂効鐓繃鐨勬按婕卞彛锛屽彲浠ラ闃蹭腑鑰佸勾浜哄父瑙佺殑鍙h厰婧冪枴銆?

[How to make salted egg melon soup]_Homemade method of salted egg melon soup_How to make salted egg melon soup_How to make salted egg melon soup

[How to make salted egg melon soup]_Homemade method of salted egg melon soup_How to make salted egg melon soup_How to make salted egg melon soup

For most cities, it is not difficult to find that roadside stalls abound.

Although this is convenient for many people, who can guarantee the hygiene of the meal?

Eating roadside stalls for a long time will inevitably lead to major diseases.

And for health or you can choose to eat at home.

Below, I will show you how to make salted protein melon soup.

1.

1. Add oil, salt, ginger, etc. to the meat slices for later use; 2.

2. After the salted egg is opened, the egg white is ready for use, and two or three pieces of egg yolk are added;

Boil water in the pan, and cook the meat in a cold water pan. After boiling, skim off the blood foam, then lay the egg yolk and cook together, turning to low heat.

4.

When cooking the soup, we process the white melon, wash it, cut it in half and discard it, then cut it into slices about 3CM thick; 5.

The soup is cooked for about 10 minutes until the meat pieces taste, then you can add white melon and cook for about 5-8 minutes; 6.

Add salty protein, and add a little salt if not salty!

Finally, sprinkle green onions!

After introducing all the steps of the salty protein melon soup, you must have basically mastered it.

So what you have to do next is to do it yourself. Only through continuous practice can you achieve real food.

[Barbecue vegetarian dishes have a certain dish _ vegetarian dishes and practices]

銆愮儳鐑ょ礌鑿滄湁鍝簺鑿滃搧_绱犺彍鐑х儰澶у叏鍙婂仛娉曘€?
This is the case for the lawsuits, the lawsuits, the lawsuits, the lawsuits, the lawsuits, the lawsuits, the lawsuits, the lawsuits, the lawsuits, the lawsuits, the lawsuits, the lawsuits, the lawsuits, the lawsuits, the lawsuits, the lawsuits, the lawsuits, the lawsuits, the lawsuits, the lawsuits, the lawsuits, the lawsuits, the lawsuits, and the lawsuits.How to do it? If you want to know how to do it, you will be able to find out how to do it. If you want to know how to do it, you will have to do it.瑰枬镣瑰暏閰掞紝杩欐槸闈炲父濂界殑浜彈锛屽湪骞虫椂鐑х儰鐨勬椂鍊欙紝浜轰滑涓€鑸兘鍠滄鐑よ倝鍚冿紝瀹為檯涓婏紝寰堝钄彍涔熷彲浠ュ仛鎴愮儳鐑ゆ潵鍚冿紝鏈€甯歌鐨勭儳鐑ょ礌鑿滄湁涓嬪垪杩欎簺銆傜礌鑿滅儳鐑ゅぇ鍏ㄥ強鍋氭硶锛氬甯哥礌鑿滃湴涓夐矞鏉愭枡銆愪富鏂欍€戝湡璞嗭紙2涓級闀胯寗瀛愶紙2 trickle-level  ad?涓級銆愯皟鏂欍€戝锛?What are you saying?鐡o級鐩愶紙閫傞噺锛夐叡娌癸紙20鍏嬶級绯栵紙5鍏嬶級娣€绮夛紙5g锛変害鑸掑爞鐏夯娌癸紙閫傞噺锛夎眴Rui i Rui 10g pot 氭 桶 1.鍑嗗濂芥墍鏈夌殑椋熸潗锛氳寗瀛愬垏鎴愭柟鍧楋紝闈掓鍒囨垚鍦嗘潯锛屽湡璞嗗垏鎴愭柟鍧椼€?.閿呴噷鍊掍竴鐐规补锛屽€掑叆鍦熻眴鐓庤嚦鍙樻垚娣遍粍鑹层€?.灏嗗湡璞嗗€掑嚭鏀惧井娉㈢倝楂樼伀鍙?闒 嗛 抓 銆?.What are the chains and the chains? Do you want to do it? Do you want to do it?.鍐嶅€掑叆鑼勫瓙锛岃〃鐨捣鐨卞彉杞€?.鍊掑叆鍦熻眴缈荤倰鍧囧寑鍐嶅姞鍏ラ叡娌癸紝绯栵紝鐩愬拰鐢ㄦ按娣€绮夊嬀鑺$剸鍑犲垎閽熴€?.鍔犲叆鐩愬拰璞嗙摚閰辩炕鐐掔剸鍑犲垎閽熴€?.鍔犲叆鍒囧ソ鐨勯潚妞掞紝鏈€鍚庢祰涓婄伀楹绘补鎴栭娌圭炕鐐掑潎鍖€鍗冲彲鍑洪攨銆傜礌鑿滄€诲姩鍛樻潗鏂欐湪鑰筹紝骞查鑿囷紝棣欏共锛岃眴鐨紝榛勮眴鑺斤紝鑳¤悵鍗滐紝灏忚彔鑿滐紝鑺硅彍锛岃睂璞嗚嫍锛岄洩閲岃暬锛岀洂灏戣锛岄浮绮惧皯璁革紝绯栭€傞噺锛岄娌归€傞噺鍋氭硶1銆佸皢榛勮眴鑺姐€佽儭钀濆崪銆佸皬鑿犺彍銆佽姽鑿溿€佽睂璞嗚嫍娲楀噣锛涢粍璞嗚娊鍘诲熬宸村皷锛岃儭钀濆崪鍓婄毊锛屽皬鑿犺彍鍘婚粍鍙朵繚鐣欐暣妫靛舰鐘讹紝鑺硅彍鍘绘鍘诲彾锛岃睂璞嗚嫍鍘昏€佹銆?銆佺敤娓╂按灏嗘湪鑰炽€侀鑿囨场鍙戯紱鍚屾椂灏嗛骞层€佽眴鐨礂鍑€澶囩敤銆?銆佸皢娉″彂濂界殑鏈ㄨ€炽€佸共棣欒弴浠ュ強棣欏共銆佽眴鐨紝鑳¤悵鍗滃垏涓濓紝鑺硅彍鍒囧悓绛夐暱搴︾The paperboard is not available, or it is simple or simple. It ‘s a sea and a sea. It ‘s just like a sorrow. It ‘s like a lot of people. It ‘s a good thing. It ‘s a good class.灏嗘湪鑰充笣鍊掑叆锛屽揩閫熺炕鐐掑悗锛屽姞鍏ラ€傞噺鐩愶紝鐐掔啛鍚庡€掑叆浜嬪厛鍑嗗濂界殑澶х泦銆?銆佺倰閿呯儹娌癸紝灏嗛鑿囦笣鍊掑叆锛屽揩閫熺炕鐐掑悗锛屽姞鍏ラ€傞噺鐩愶紝鐐掔啛鍚庡€掑叆瑁呮湪鑰崇殑澶х泦涓€?銆佷緷娆″皢棣欏共銆佽眴鐨€侀粍璞嗚娊銆佽儭钀濆崪銆佽姽鑿溿€佸皬鑿犺彍銆佽睂璞嗚嫍銆侀洩閲岃暬鍒嗗埆鐐掔啛锛屽€掑叆澶х泦銆傚湪鐐掕姽鑿滄椂瑕佸姞涓€浜涚硸锛岀倰闆噷钑绘椂锛岀洂涓嶈鍔犱簡锛屽姞涓€浜涚硸鍗冲彲銆?銆佸湪澶х泦涓姞鍏ラ浮绮句笌棣欐补锛屽皢鍏ㄦ湁鐨勬潗鏂欎笌璋冨懗鏂欐贩鍚堝潎鍖€鍗冲彲銆傜礌鑿滈殢鎰忕倰鏉愭枡鍘熸潗鏂欙細楦¤泲1鍙叞璞嗙害75鍏嬭挏鍙剁害75鍏嬮粦骞叉湪鑰?鏈靛仛娉曚竴銆佹妸鏈ㄨ€崇敤鐑按姘村彂锛岃挏鍙跺垏鎴愭锛岄浮铔嬫墦鏁o紝鍔犵洂1/4鑼跺寵鍜岃儭妞掔矇1/4鑼跺寵锛屾墦鍖€锛岀厧鎴愯杽楗硷紝鐒跺悗鍒囨垚鍧楀効锛涗簩銆佸叞璞嗗垏鍗婏紝鏀惧崐閿呮按锛屾斁娌?鑼跺寵銆佺洂1鑼跺寵锛屾妸姘寸儳娌革紝鍊掑叆鍏拌眴锛岀劘鐗囧埢锛屾崬璧凤紝鍐嶆妸姘寸叜娌革紱涓夈€佹斁鏈ㄨ€筹紝鐒按锛岀劘鍚庢崬璧锋护姘达紱鍥涖€侀攨缃倝涓婏紝涓ぇ鐏紝鏀惧皯璁告补娑︽鼎閿咃紝鍊掑叆鏈ㄨ€冲拰钂滃彾锛岀垎鐗囧埢锛涗簲銆佸€掑叆鍏拌眴锛岀偣鍏ョ簿鐩?/2鑼跺寵銆佺硸1/4鑼跺寵鍜岃儭妞掔矇1/4鑼跺寵锛岀炕鐐掑嚑涓嬶紱鍏€佸姞鍏ラ浮铔嬪潡鍎匡紝鍦ㄩ攨杈规穻鏂欓厭1姹ゅ寵锛屽揩閫熷厹鍑犱笅锛屽嚭閿呫€?

[How to make Sichuan snack camellia?

】 _How to do_How to do

[How to make Sichuan snack camellia?
】 _How to do_How to do

There are very fascinating scenery all over Sichuan, the key is that there are also a lot of food here.

Especially Sichuan snacks are now spread all over the country.

For example, although Camellia oleifera can be eaten in many areas, Sichuan Camellia has a special flavor.

However, if you want to eat Sichuan oil tea, you won’t be flying to Sichuan. In fact, you can make it at home.

So, how to make Sichuan snack camellia?

Sichuan camellia is a famous snack unique to Sichuan and Chongqing. It belongs to the Sichuan alternative. As a breakfast, it is not a thing like the northern camellia. It is spicy and very delicious.

The traditional rice paste needs to be ground first, ordinary rice can be used, and then mixed with water, and put in the water to cook into a thick and suitable rice slurry.

Ingredients Soy beans, mustard, flour, egg peanuts, gardenia rice vegetable oil, salt, yeast, baking powder, fritters leavening agent, chili oil, pepper noodles, monosodium glutamate method1, wash the soybeans the night before, soak them in water,The next morning, it is fried into crispy soybeans. The specific method is to drain the soybeans, pour them into the oil pan, and fry them until they are golden and crispy on the surface.

2. Wash the rice, add it to the soymilk maker, add an appropriate amount of water, about 750 grams (or 7-8 bowls of water into a rice bowl), so that it does not exceed three-quarters of the height of the soymilk maker.

For thicker rice milk, soak the rice for 2 hours.

3, add yeast, baking powder, fritters, salt, and mix well, dig a hole in the middle, break in the eggs, stir with chopsticks, pour in a little oil, and then slowly pour in an appropriate amount of warm water, use chopsticksAdjust the flour so that the chopsticks can be turned into a ball, and the state will be thin. Apply some oil to your hand and press down on the face. After flattening, apply vegetable oil and let it fry in about 15 minutes.

4. Pour an appropriate amount of vegetable oil into the pan, and poke the noodles into a small piece. After flattening, carefully pinch the two ends, pull and pull, simmer for a moment, throw them into the pan, and fry them on both sides.can.

5. Cut the shallot into fine onion flowers.

Cut Sichuan rutabaga or mustard into small pieces.

Take a bowl, put in a moderate amount of rice paste, put some salt, pepper noodles, monosodium glutamate, chili oil, kohlrabi or mustard chips, mash the crisps and sprinkle them on the mud, then add a layer of crispy soy beans and sprinkle a fewShallots are ready to eat.

Shanxi Fen Liquor (600809): Old Tree Sends New Sprout Fen Liquor before Departing

Shanxi Fen Liquor (600809): Old Tree Sends New Sprout Fen Liquor before Departing

Nirvana was born again after three years of reform.

(1) Famous liquor is always a good stock for consumer goods. The track is also a high-quality asset for local governments.

Shanxi Fenjiu Real Control is the provincial SASAC. The concentration of equity in all liquor-listed companies is second only to Guizhou Moutai, and there is great room for fenjiu reform.

(2) The top-down reforms that started in 2017 really touched the core contradictions. By optimizing the shareholding structure, achieving the first overall listing in the industry, 北京夜生活网 and measures such as mixed reform of marketing companies, Fenjiu’s development has entered a new stage.

攘 Outside first settle inside.

(1) Shanxi market capacity is about 15 billion. The company’s output / terminal sales market share is 46% / 44%. Compared with other sub-high-end liquors in their respective basic markets, Fenjiu has an absolute advantage.

(2) The key to the expansion of Fenjiu ‘s expansion lies in the fact that the Shanxi market outside the base market is positioned as an open and semi-open market. Through continuous consolidation and resource accumulation of the base market, it is provided by the high-end brand southward.Sufficient resource output.

From a tactical point of view, the company uses targeted product lines to lay out the Shanxi and Huanxi markets, moving toward “holding the pattern, sinking channels and sinking brands.”

Kaijiang Tuotu two major grasps-product two-wheel drive superimposed channels and intensive cultivation.

(1) Bingfen took advantage of Qingxiang’s momentum, and asked for directions to pave the way for blue and white.

Consumers’ emphasis on cost-effectiveness, the rise of the concept of Qingxiang production areas, and the channel thrust of Bfen itself are all driving factors for Bfen to achieve rapid growth.

With the gradual strengthening of the synergy between Fenjiu and China Resources, the sales scale of Bophin is expected to open up more imagination.

(2) The blue-and-white quantity-controlling and quite-price-tree brand.

Above, the blue-and-white 30 adopts the model of full price control + volume control, and the channel’s basic favorable price accumulates thrust. In addition, the company has positioned the three dimensions to increase brand power through brand slimming and publicity.

In 2019, the value of Fenjiu’s brand has been the fastest in the country.

Looking into the future, the company intends to further promote the continuous and rapid growth of Fenjiu blue and white series by separating the blue and white series.

(3) In terms of channels, the company perfected the channel construction by first adjusting the structure, then spreading the price difference, and finally expanding the channels. We believe that the perfection of the channel profit of the Fenjiu channel structure is the smooth promotion of the national strategy of Fenjiu and the brand of FenjiuThe revival is ready.

Profit forecast, estimation and rating: Benefiting from the rationalization of the governance mechanism and the restoration of the brand’s potential energy, the company’s revenue is expected to maintain steady growth, and the company’s net profit for 2019/20/21 is forecast to be 19.

88/25.

21/31.

10 billion yuan, EPS is 2.

28/2.

89/3.

56 yuan.

Using the FCFF estimation method, the pricing price of Shanxi Fen liquor is 88.

61 yuan.

Based on the comprehensive absolute / relative estimation method, we give the company a target price of 87 yuan, corresponding to 30 times PE in 20 years, and for the first time, give it a “buy” rating.

Risk warning: severe economic fluctuations, fierce competition outside the province, food safety issues, reform ideas

Great Wall Motors (601633): Great Wall Motors’ acquisition of GM’s Thai manufacturing plant’s internationalization strategy continues to advance the proposed buy

Great Wall Motors (601633): Great Wall Motors’ acquisition of GM’s Thai manufacturing plant’s internationalization strategy continues to advance the proposed “buy”
On February 17, the official announcement of Great Wall Motors is that Great Wall Motors will acquire General Motors ‘manufacturing plant in Rayong, Thailand. The transaction is planned to be completed by the end of 2020.The international layout of Great Wall Motor is another city. According to the company’s updated stock and budget incentive plan, the corresponding 南京夜网论坛 growth rates of the company’s sales assessment standards for 2020-2022 are + 5%, + 9%, and + 12% respectively; the corresponding growth rates for the net profit assessment standards are expected to be +11.7%, + 6.4% and + 10%.In the current market environment, the establishment of the company’s incentive plan assessment standards and the transformation of capacity expansion reflect the company’s confidence in expanding sales and increasing city share.We expect the company’s net profit in 2019, 2020 and 2021 to be 4.2 billion and 47 respectively.4 ppm and 52.800 million, YOY were -19%, +12.8% and +11.3%; EPS are 0.46 yuan, 0.52 yuan and 0.58 yuan, currently expected to correspond to A shares P / E of 18 in 2019, 2020 and 2021.9 times, 16.7x and 15x, H shares correspond to a P / E of 11.5 times, 10.2 times and 9.2 times, AH shares are recommended to “buy”. Great Wall Motors acquires GM ‘s Thai manufacturing plant, and its international layout is next: On February 17, Great Wall Motors and General Motors announced that Great Wall Motors would acquire General Motors ‘manufacturing plant in Rayong, Thailand, including Rayong ‘s automotive plant and powertrainfactory.The two parties plan to complete the transaction and final transfer by the end of 2020, and the agreement still needs the approval of the government and regulators.After the completion of the acquisition, Great Wall Motor is expected to develop its territory in the ASEAN region.In contrast, Great Wall Motors has reached an agreement with General Motors on January 17 to acquire the Indian Taligan plant, and is expected to complete the transaction by the second half of 2020. The Haval brand and Great Wall EV have now entered the Indian market and have already entered the Indian market in early February this yearDebuted at the Delhi International Auto Show.At this point, following the completion and commissioning of the company’s Russian vehicle plant in June 19, the company’s large-scale strategic layout in early 2020 will lose another two.On January 12, 2019, the company gradually expanded the export of complete vehicles6.50,000 vehicles, an increase of 38 in ten years.7%, accounting for 6.1%, with the promotion of internationalization, the company’s export volume is expected to continue to increase. Due to the illusion of the Spring Festival, the company’s January sales were YOY-28%: Great Wall Motor sold 80,000 vehicles in January, YOY-28%, and the gradual decline was mainly due to the advance of the Spring Festival holiday.This month’s pickup truck performance was dazzling, and the total sales of Great Wall pickup trucks in January was 1.340,000 vehicles, YOY + 17%, of which the Great Wall Gun sold in 19Q4 sold 5,551 vehicles per month, the market performance is better, and it has been able to contribute incrementally. In terms of SUV, the company focuses on adjusting pipeline inventory this month, and the Haval brand has a monthly sales of 5.90,000 vehicles, -32% year-on-year.Among them, M6 is sold for 1 month.40,000 units, YOY + 18%, sales growth in the case of a low base period last year; and Haval H6 and F7 sold 2 this month.60,000 and 10,000, YOY is -41% and -32%, respectively.In terms of cars, Euler sold 1,300 cars this month, a year-on-year increase of 66%.Affected by the epidemic, the company’s sales volume is expected to decline significantly in the first quarter, but we expect that some of the demand in the first quarter will be delayed until the second quarter is released, and the company’s sales growth rate in the second quarter will improve significantly. Profit expectations: According to the company’s updated equity incentive plan at the end of January, the company’s sales assessment standards for 2020-2022 are 1.11 million, 1.21 million, and 1.35 million vehicles, corresponding to a growth rate of + 5%, + 9%, and + 12%; netThe profit assessment standards are 47 ppm, 50 ppm and 55 ppm. According to our forecasts, the corresponding growth rates are +11.7%, + 6.4% and + 10%.In the current market environment, the establishment of the company’s incentive plan assessment standards and the transformation of capacity expansion reflect the company’s confidence in expanding sales and increasing city share.We expect the company’s net profit in 2019, 2020 and 2021 to be 4.2 billion and 47 respectively.4 ppm and 52.800 million, -19% year-on-year, +12.8% and +11.3%; EPS are 0.46 yuan, 0.52 yuan and 0.58 yuan, currently expected to correspond to A shares P / E of 18 in 2019, 2020 and 2021.9 times, 16.7x and 15x, H shares correspond to a P / E of 11.5 times, 10.2 times and 9.2 times, AH shares are recommended to “buy”.