[How to cook tail bone stew with pumpkin]_ Home bone stewed beans with pumpkin _ Homebone stew with beans and pumpkin _ How to make tail bone with stewed beans and pumpkin

[How to make tail bone stew with pumpkin]_Home bone stew with beans and pumpkin_Encyclopedia

In life, everyone can’t live without the word “eating”. This is the most basic need for our survival.

In order to meet this demand, many people are looking for a variety of foods, but they don’t know that health is gone.

But if you can make some “showy” food yourself, you will not only be able to eat happily, but you will also eat healthy.

So, let ‘s introduce the stew of pumpkin and beans with tailbone.


1 After the water has boiled again, cook for another minute to remove the bones. 2

2 Boil a pot of boiling water and pour the tail bone into 3.

12 After removing the tail bone, rinse it with water and rinse it for use.

21 Peel the pumpkin, scoop out the bursa with a spoon and cut into small pieces 5.

1 Wash the beans and remove the tendons.

2 Peel a small potato and cut into hob pieces 7.

Pour in an appropriate amount of oil in the pot and heat up to 60%. Pour all ingredients into the stir-fry 8.

Pour pork tail bones into a wok over high heat and stir-fry 9.

Pour two spoonfuls of cooking wine, one spoonful of old soy sauce, one spoonful of soy sauce and continue to stir fry a few times 10.

Pour in the beans and stir-fry until the color of the beans becomes dark and green.

After the color becomes darker, add boiling water to the ingredients and boil over medium-low heat and cook slowly (remember to cover the box) 12.

After simmering for about ten minutes, pour the potatoes and pumpkin into the pot, add a small spoonful of thirteen incense and an appropriate amount of salt, and stir fry a few times to continue the simmering of the young man13.

After the potatoes can be easily shredded with a shovel, it will be about eight minutes to open the fire and collect the juice14.

You’re done! The meat is already soft and rotten, and there is no wood wrapped in a savory pumpkin-flavored soup. Although the method of stewing pumpkin with tail bones and beans may seem a bit cumbersome, I believe you are already smart.

Once you have mastered the text, you have to do it yourself. I believe that your ability to do it is also very strong.

[Can aloe-emodin treat cancer?】 _Efficacy_Function

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[How to eat cumin seeds]_Fennel seeds_How to eat_How to eat

[How to eat cumin seeds]_Fennel seeds_How to eat_How to eat

Cumin has high mineral content and carotene, which can promote digestion, but many people don’t like the flavor of cumin. Cumin seeds can be put into boiled fish. Its special taste can also increase appetite of some people, but it also needs toWatch out for allergies.

First, how to eat cumin seeds Fennel contains minerals, carrots, volatile oils (mainly anisole, anisaldehyde, anisic acid), can warm the kidneys and dispel coldness, and the stomach, and most people take its leaves and seedsHerbal tea, spicy flavor, some people may not like it, you can add some honey to neutralize the taste.

Stop vomiting, relieve flatulence, appetite, and treat cystitis.

Increase the amount of tea brewed with seeds, which can increase the mother’s milk.

Breastfeeding mothers are great for pregnant fennel tea; it helps digestion and helps metabolism.

Spicy and unique aroma. A little honey or maple syrup is called better flavor. You can also add a small amount of cinnamon to suppress the taste.

Due to its unique and strong smell, if it is made into a compound herbal tea, the amount of fennel should be small, so that it can give the finishing touch.

Too much use will mask the aroma of other flowers.

Chewing a grain of fennel after a heavy meal can relieve your breath.

It is most suitable for cooking fish. Every time you use it for toasting and making dim sum, it is also very suitable for its pungent scent.

Second, fennel medication contraindications: 1, adverse reactions: allergies.

2. Those with Yin Deficiency and Fire Prosperity are forbidden to serve.

3. “Compendium of Materia Medica”: “If the stomach and kidneys are too hot, it is hot to abandon, it is hot to swell, and it is to swell various evidences. With the Yang Dao, the smooth and dreamy, you should use it as appropriate.

“4.” Compendium of Materia Medica “:” If the evidence of the small intestine, bladder and gastric dysfunction is caused by fever, it will also increase its disease.

“5.” Being Compatible with Materia Medica “:” Lungs, stomachs are replaced by heat and heat poisoning.

“6. As the consumption of fennel will produce alternate vision damage, it should not be used in large quantities for a short period of time. The daily limit should be 10 grams.

And hot and dry, more suitable for deficiency cold constitution food, the amount of each time should not be too much.

[Houttuynia cordata and dandelion soaking in water]_How to soak_How to soak in water

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[Do pregnant women eat goose eggs_Why do they eat goose eggs]

[Do pregnant women eat goose eggs_Why do they eat goose eggs]

Pregnant women are a group of people with special physiques. Because pregnant women have a new life in their bodies, and the resistance of this small life is relatively low, so in order for the children to grow up healthy, pregnant women have a diet and daily lifeIt is necessary to pay special attention, especially in diet, to eat more foods that are better for children’s development.

So, do pregnant women eat goose eggs?


Why do you eat goose eggs during pregnancy?

In the second or third month of pregnancy, pregnant women eat about 10 goose eggs a month, which can eliminate fetal poison.

After the fetus is born, it is not easy to get skin diseases, and the skin is better.

This is due to the credit of goose egg white, which has the effect of detoxifying and treating sores.


Pregnant women eating goose eggs are conducive to the development of human brain and nervous tissue. They are eggs, duck eggs or goose eggs, and their aunts are mainly in the yolk.

There are abundant phospholipids in the yolk of goose eggs, and about half of them are lecithin, because lecithin is beneficial to the development of human brain and nerve tissue.

Therefore, if pregnant women eat goose eggs, it is beneficial to the brain and nerve development of pregnant women and their fetuses.


Pregnant women eat goose eggs to prevent cold. In the winter season, pregnant women can’t help but be affected by cold.

Because goose eggs are sweet and warm, they can supplement the qi, so pregnant women in the cold season do not prevent eating goose eggs to prevent the cold from invading the body.

In this way, pregnant women are not susceptible to colds and other diseases due to cold, so as to avoid discomfort.


Pregnant women eating goose eggs can enhance memory. During pregnancy, pregnant women are prone to irritable moods and memory problems due to physical discomfort or environmental influences.

At this time, may wish to play a goose egg, put a little sugar and stir well, steamed and served in the morning, you can clear the brain and puzzle.

After eating for 5 consecutive days, you will find that your memory is greatly enhanced.


Pregnant women eat goose eggs to supplement the amino acids. Goose eggs contain various amino acids necessary for pregnant women, vitamins A, D, E, riboflavin and thiamine, as well as the minerals iron, phosphorus and calcium.

Other foods may also be rich in the above-mentioned nutrients, but the amino acids in goose eggs are complete proteins, and their minerals and vitamins are mostly contained in the yolk, which are easily absorbed by pregnant women.

These nutrients are absorbed, only to indicate that pregnant women are really supplemented with such nutrients.

Funds accelerate the differentiation of listing performance and test the people’s ability to choose bases

Funds accelerate the differentiation of listing performance and test the people’s ability to choose bases

Source: Southeast Commercial Daily reporter Cui Linglin Since the implementation of the New Deal for the approval of public fund products, the number of new fund approvals has increased significantly since late October.

The latest public fundraising application announcement form released by the Securities and Futures Commission shows that from November 4th to November 8th, a total of 75 funds were obtained by wholesale firms in a week.

  In fact, the reporter found that the new fund showed a “low-profile” blowout situation. Until November 19, a total of 842 new funds have been established this year, and the total issue size has exceeded 100 billion.After that, this happened a second time.

  In fact, the stock market rises, the fund’s earning effect appears, and new funds are issued intensively. There is an organic relationship between these phenomena. When the stock market rises, partial stock funds often get positive returns.

In this year’s market, some people have made 西湖阁体验网 a lot of money, but some people have lost more than three or five.

It can be seen that the essence of base selection.

  In the face of new fund issuance breaking trillions, more and more investors ask: how to choose a reliable fund.

  The explosion of funds frequently, the popularity of the base city said that since the launch of the new fund this year, the most important is the “public fund bosses in charge, active management ability is super strong” halo blessing the following city’s Ruiyuan’s first public offering product Ruiyuan growth valueThe fund subscribed for 70 billion yuan a day, a ratio of less than 10%, which completely ignited the enthusiasm of the people in purchasing the base.

  At the beginning of the capital market’s largest attraction “Science and Technology Innovation Board”, the science and technology theme fund appeared bright as soon as it appeared.

The first seven science and technology innovation theme funds have different investment focuses, but they have been snapped up without exception, attracting 120 billion funds to subscribe, and the average placement ratio is only 5.


For example, of the 120 billion subscription funds, only 7 billion were lucky enough to “get in the car”, and the popularity is self-evident.

  In October, new rules for fund approval were introduced, and equity funds were encouraged. With the further optimization of the product registration mechanism for public offering funds, the approval of new funds accelerated significantly.

Statistics show that as of November 19, a total of 842 new funds have been established this year, with a total issue size of 10,275.

7.3 billion, successfully surpassing the trillion mark.

This is the second annual fundraising of new funds in the history of the fund industry after 2015, which exceeded RMB 1 trillion.

  The reporter found that from 2006 to 2019, the fund industry issued an average of only 396 new funds per year, with an average initial size of 5881.

1.9 billion yuan.

  In keeping with the significant increase in scale, the reporter noticed that the size of a single fund is also remarkable.

Statistics show that of the more than 800 new funds issued during the year, 15 funds had an issue size of more than 10 billion yuan.

Among them, the largest issue of Minsheng and Bank of China Bonds 1-3 years of agricultural bonds, the issue scale reached 224.

0ppm; Bo Shi’s state-owned enterprise innovation-driven ETFs, and the investment scales of Castrol China Securities Central Enterprise Innovation-driven ETF funds were 167.

3.5 billion, 132.

50ppm; Huitianfu’s steady growth mixed initial fundraising just set up earlier this month also reached 130.

8.7 billion.

  Some people said that as of this week, the Shanghai index has increased by about 15% during the year. Benefiting from this, the public funds have delivered a good transcript as a whole, and the fund’s profit-making effect is obvious, especially for stock funds and hybrid funds.The returns are more than 20%, which makes more and more investors lament: “It is better to buy funds than stocks!

“In terms of performance, some people are happy and some are sad. Of course, there are still funds in the base market to seize the market conditions, and the net value has lagged behind the market, and even has negative returns.

Among them, the performance difference of the number partial stock fund is the largest, and the performance gap of the actively managed funds has even exceeded 120 digits.

  It is reported that among the newly issued funds this year, equity funds are the most eye-catching. There were more than 160 newly established stock funds during the year, with an issue share of nearly 200 billion. The total issue size and the average issue size of each issue were the highest since 2016new highs.

It is said that Wind information data show that as of November 18, this year, all the supplementary statistics of 4,901 equity funds (including index funds, stocks, partial stocks, mixed debts, flexible allocation funds) averageThe yield is over 25%, and the performance is not bad.

However, in the case of some funds receiving positive returns, the reporter found that still nearly 4% of the fund returns are still negative.

  Data show that since this year, the net value of the best-performing “Guangfa Shuangqing Upgrade” has doubled.

On November 20, there was another active partial equity fund-“Guangfa Healthcare” with a yield of more than 100%.

However, the worst performing Greenbury A and C funds each suffered as much as 21%.

The biggest performance gap between good and bad funds is over 120%.

  In fact, according to statistics, as of the end of November, there were still more than 200 funds in the active partial equity fund products that had been established for three years.

Among them, 44 funds have exceeded 30% since their establishment, and more than 15 funds have lost more than 40% since their establishment. Among fund products that have been established for more than 4 years, ICBC Internet Plus Stock Fund has exceeded 60% since its establishment.E Fund’s new normal flexible allocation, Changsheng state-owned enterprise reform, China Post Trend Select and other funds have been “slashed.”

  Yuan Qimiao, an international financial planner at the Bank of Ningbo, said in an interview with reporters that under the structured market conditions, the performance differentiation of public fund products was expected.For example, the newly established fund missed the surge in the first quarter because it was in the construction period; once again, in the structural market this year, technology, medicine and even the leading stocks in the pork sector have performed well, and the layout of the bank,Funds in the brokerage and other fields are obviously out of luck.

“In fact, a situation similar to this year also happened in 2015.

Data show that the annual growth rate of the 2015 performance champion E Fund reached 171.

78%, but there were also equity funds that shrank by nearly 20% that year, with a performance gap of up to 190%.

Jiangsu Guoxin (002608): Steady growth of synergistic and complementary performance of the two main businesses

Jiangsu Guoxin (002608): Steady growth of synergistic and complementary performance of the two main businesses

Event: The company disclosed its 2018 annual report and achieved total operating income of 221.

35 ppm, an increase of 9 in ten years.

56%; net profit attributable to shareholders of the parent company25.

56 ppm, an increase of 17 in ten years.


At the same time, the first quarter report of 2019 was disclosed, and the operating income was 45.

86 ppm, a decrease of 13 per year.

71%; net profit attributable to shareholders of the parent company11.

50,000 yuan, an increase of 148 in ten years.


Investment Highlights The company’s 2018 performance year +17.

3%, +22 in Q1 2019.

5% (excluding the impact of Li’an Life): 1) The company’s total operating income in 2018 +9.

6% to 221.

400 million, net profit attributable to mother +17.

3% to 25.

60,000 yuan, both of the two main industries are growing steadily.

The net profit of the trust / energy business is +14 per annum.

7% / + 20.

0% to 15.


40,000 yuan (among which the trust business contributes 54 to maximize consolidated profits.


2) In the first quarter of 2019, the growth of trust business realized that the fee and commission income increased by 30 each year.

5% to 2.

50,000 yuan, total investment income +344.

0% to 11.

80,000 yuan, which is recognized by the equity method of Li’an Life’s income (Jiangsu Trust became the largest shareholder of Li’an Life, adding 9. after the change in accounting standards.

Investment income of 190,000 yuan), the growth rate affects Jiangsu Guoxin’s net profit attributable to the parent in 2019Q1 is about 5.

60,000 yuan, excluding this effect, the company reported a profit of about 5 in the first quarter.

45 ppm, an increase of 22 in ten years.

Jiangsu Trust’s proactive management capabilities have been improved, and high-quality corporate equity investment is expected to contribute to profit increase: 1) Jiangsu Trust’s 2018 revenue increase +11.

5% to 11.

300 million, net profit attributable to mother +14.

7% to 15.

100 million yuan, contributing 59% of the group’s performance.
Complete capital increase and share expansion 49.
100 million US dollars, further strengthened capital strength to promote high performance.

2) The trust business structure was optimized, and the scale of active management trusts exceeded +25.

1% to 68.4 billion, the proportion rose to 16.


Since the second half of 2018, the regulatory margin has been loosened. The social financing data in 2019 exceeded expectations, and the size of newly issued collective trusts continued to increase (+9% / + 51% / + 11% in the same period of 1/2/3 March).

Optimistic about the market’s warming background, the company’s active transition and active management have brought about improvement in profitability.

3) Jiangsu Trust realized investment income growth of +28.

8% to 12.

80,000 yuan, is a broad-based equity investment business, has invested in Bank of Jiangsu (holdings).

04%), Lee On Life (holding 22 shares.

79%) and other high-quality enterprises, the investment benefits are significant, and it is expected to contribute to incremental profits in the future.

Energy + finance is driven by two wheels, and the combination of industry and finance plays a complementary role: 1) In terms of energy business, the growth of power generation has been gradually increased by +4 in 2018.

1% to 515.

0 billion kilowatt-hours, complete funding for every +24.

36% to 568.

0 nominal, maintaining a high growth rate.

2) New progress has been made in the 西安耍耍网 financial field. Jiangsu Trust has completed its capital increase and share expansion, increased its holding of the firm’s largest shareholder, and transferred Li’an Life to its largest shareholder. The financial layout was further comprehensive.

3) Energy + finance, as two core businesses, has a good structure of consolidated financial assets and a reasonable layout; it can replace energy business with stable operations, stable cash flow, and complement each other to realize the combination of production and finance and play a complementary effect.

Earnings forecast and investment rating: The active transformation of trust business management has been smooth, and the equity investment business has benefited significantly. With the recovery of the industry, profitability has improved, the energy business has continued 武汉夜生活网 to grow, and its operations have been stable.

In the future, the company will take advantage of the synergy of trust and energy as its dual main business. We expect the company’s net profit in 2019 and 2020 to be 33.

08, 38.

60 ppm, maintain “Buy” rating.

Risk warnings: 1) Trust recovery is worse than expected; 2) Trust and energy dual-main business integration is worse than expected.

Mingyang Intelligent (601615): Unique technological route challenges existing wind turbine layout

Mingyang Intelligent (601615): Unique technological route challenges existing wind turbine layout

Ping An’s view: The top three domestic fans, the order scale has grown rapidly.

The company’s main wind turbine sales and wind energy operations, according to statistics from the Wind Energy Association, the company’s domestic fan market share in 2018 of 12%.

41%, ranking third, and has consistently ranked among the top three in the industry for new installed capacity for many years.

In 2018, the company’s fans won a bid of 507.

30 million kilowatts, a year-on-year increase of 54%; from January to April 2019, the company’s new wind turbines won a bid of about 19.8 billion yuan, and the winning wind turbine capacity was about 441.

60,000 kilowatts, strong growth momentum.

With semi-direct drive technology, challenge the layout of onshore fans.

With the return of the wind power market to the Three Norths, the process of large-scale domestic wind turbines is gradually accelerating, mainstream wind turbine companies have launched new large megawatt plans, and the recent tender for wind turbines has also shown the scale of bronze large megawatt units.

The company’s large-capacity units above 3MW use semi-direct drive technology, combining the advantages of direct drive and doubly-fed technology.

In 2018, the company’s sales of 3MW units were 600MW (of which 129MW were offshore and 471MW were onshore), an increase of about 13 times longer, roughly increasing the company’s domestic share of 3MW-class wind turbine products.Advantage.

Under the trend of large-scale onshore wind turbines, relying on the outstanding advantages of semi-direct drive technology, the company is expected to challenge the existing onshore wind turbine competition and promote market share.

Take advantage of the sea breeze development trend and achieve the leading position of offshore wind turbines.

In 2018, China’s new offshore wind power installed capacity was 165.

50 kilowatts, an increase of 42 in ten years.

7%; by the end of 2018, the total scale of offshore wind power projects announced in China was under construction, approved for construction, and announced before approval.

3GW, sufficient reserves.

Guangdong is one of the most active provinces for developing offshore wind power in developing countries. The company is located in Guangdong, relying on advanced semi-direct drive technology, and has gained an opportunity in the offshore wind 上海夜网论坛 power market.

In 2018, the company won a total of 157 bids in domestic offshore wind power open bidding projects.

30,000 kilowatts, accounting for nearly half of the country’s market share of open bidding capacity.

At present, the company has more than 3 orders for offshore wind turbines.

3GW, and the price is locked at a high level, and future profit levels are expected to increase through cost reduction.

Investment suggestion: According to the order in hand, it is estimated that the external sales scale of the company’s wind turbines is expected to increase rapidly, especially the batch delivery of offshore wind turbines, which will drive rapid growth in revenue scale.

It is estimated that the scale of revenue for 2019-2020 is 106.

0, 161.

300 million, net profit attributed to mother 3.

8, 10.

30,000 yuan, EPS 0.

27, 0.

74 yuan, dynamic PE 39.

1, 14.

3x coverage for the first time, giving “Recommended” rating.

Risk reminders: industry policy adjustment risks; technical routes and product maturity risks; business management risks brought by rapid expansion of business scale.

North Navigation (600435) First Coverage Report: Capital Operation of Navigation Group’s Listed Platform Expected

North Navigation (600435) First Coverage Report: Capital Operation of Navigation Group’s Listed Platform Expected

Guide to this report: With the gradual elimination of the effects of the military reform, the company’s military business growth is expected to gradually pick up; at the same time, it has high-quality assets such as guidance and control institutes in vitro, and future capital operations can be expected.

Investment Highlights: Covering North Navigation for the first time, target price 9.

2 yuan, 9% space.

The company’s dual-use products are mainly based on “navigation control and ammunition information technology”. The influence of military reform is gradually eliminated, and the growth of military products business is gradually turning warm. At the same time, the company owns high-quality assets such as guidance and control institutes in vitro, and future capital operations are expected.

EPS is expected to be 0 in 2019-21.



05 yuan, with reference to a comparable company’s assessment, considering its in vitro possession of high-quality assets such as guidance and control institutes, we give 230 times PE in 2019 with a target price of 9.

2 yuan, cautious increase.

With high-quality assets such as guidance and control institutes in vitro, future capital operations can be expected.
1) The company is one of the listed companies of the Weapons Industry Group. The controlling shareholder is the Navigation Group. It owns high-quality assets such as guidance and control institutes in vitro.

2) The Guidance and Control Institute is an inertial navigation and guidance control of the Soviet ordnance industry, a professional technical research organization of intelligent ammunition, the main military land inertial navigation system, ammunition inertial navigation system and engineering development, guidance rocket, smart ammunition overall and control system component engineering.Research and development of new technology products such as chemical synthesis, satellite navigation, and simulation training devices, and related technologies have reached 杭州桑拿网 domestic leading levels.

3) We believe that through the institutional transformation of institutions, some new forms of capital operation have emerged, and securitization of military assets has accelerated, and the company’s capital operation can be expected in the future.

The military reform ended and the business structure of the merger was improved, and profitability was steadily improved.

1) The company’s military and civilian products cover guidance control, navigation control, detection control, environmental control, stability control, radio and satellite communications, electrical connectors, etc., which can expand the equipment required for national defense informationization, and will benefit from the end of military reformIncreased implementation rate of equipment costs.

2) The company’s tank container products have been delivered in batches. At the same time, it has taken the lead in entering the military container field among domestic enterprises in the same industry, which is expected to become a new growth point for the company.

Catalyst: Substantial progress has been made in the first batch of institutions.

Risk warning: The group’s capital operation is lower than expected; the growth of military products does not meet expectations.

Starnet Ruijie (002396): Performance was slightly better than expected. Operating indicators continued to be optimized.

Starnet Ruijie (002396): Performance was slightly better than expected. Operating indicators continued to be optimized.

The third quarter performance was slightly better than expected, and the operating indicators continued to be optimized. The company achieved revenue in the third quarter.

6.7 billion, down slightly by 3.

11%; net profit attributable to mother 3.

2.3 billion, an increase of 13 in ten years.

23%; realized non-net profit3.

1.5 billion, an increase of 18 in ten years.


Overall, the business in the third quarter slightly exceeded expectations.

Q3’s smart terminal products continued to increase in the financial industry, and sales of cloud desktop products continued to increase. We believe that the increase in the proportion of high-margin business oriented to financial customers has promoted the optimization of revenue structure, which is an expectation of the company’s performance exceeding expectations.

We expect company 19?
The 21-year EPS is 1.



85 yuan, with reference to the comparable company’s 19-year PE average value of 31x, giving the company an industry PE of 30 in 2019?
32x, corresponding to a target price of 36.



72 yuan, maintain “Buy” rating.

The optimization of revenue structure drove Q3’s net profit slightly higher than expected.

2.3 billion, an increase of 13 in ten years.

23%; realized non-net profit3.

1.5 billion, an annual increase of 18.


Quarterly ranking company Q3 single quarter revenue 26.

6.7 billion, down slightly by 3.


We believe that the optimization of revenue structure is the main factor for the company’s Q3 net profit to maintain its growth over the same period last year.

According to the company’s interim report, smart terminal products are heavily used in the banking industry, and cloud desktop business continues to grow.

At least, the proportion of module business with a reduced gross profit margin decreased. We believe that this trend will continue in Q3, the proportion of low gross profit margin business will decline, and the proportion of high gross profit margin business will increase to the company’s Q3 net profit growth faster than revenue growth.

The gross profit margin in the single quarter continued to increase month-on-month, and the operating expense ratio continued to decline in the first three quarters. The company’s operating indicators continued to be optimized in the first three quarters, and the Q3 single-quarter gross profit margin was 41.

38%, which has been improved from the previous quarter, mainly due to the optimization of the company’s revenue structure.

In terms of expense ratio, the company’s operating expense ratio (sales expense ratio + management expense ratio + research and development expense ratio), since the beginning of the year, the quarterly operating expense ratio continued to improve month-on-month, and Q3’s operating expenses decreased.

24%, down 6 from the previous month.

21 units.

Q3 operating net cash flow was 4.

6.9 billion.

CT has brought new network equipment benefits to IT, and it is self-controllable 青岛夜网 to try to create new growth poles. We believe that the transition to 5G will be accelerated by IT to CT, and the development of cloud computing has brought demand for network equipment.Continuous improvement.
The subsidiary Ruijie Networks continued to take root in the industry and won recognition from many customers, and the competition between products and solutions continued to improve.
Data center switches have been widely used in Internet companies such as Alibaba, Tencent, Toutiao and Meituan.

In addition, the company launched new and safe localized cloud desktop solutions using localized chips such as Loongson and Zhaoxin in order to further enhance its ability to meet customer needs.

Investment suggestions We are optimistic about the digital transformation of enterprises and the continuous increase in the demand for network equipment for the development of cloud computing. We will gradually and independently control the advancement of new growth poles.
We expect company 19?
The 21-year EPS is 1.



85 yuan, with reference to comparable company’s 19-year PE average of 31x, giving the company an industry PE of 30 in 2019?
32x, corresponding to a target price of 36.


72 yuan, maintain “Buy” rating.

Risk warning: the competition in the network equipment industry is intensified; the company’s new product market expansion is less than expected; the autonomous and controllable progress is less than expected.