Hengli Hydraulics (601100) 2019 Third Quarterly Report Review: Short-term fluctuations do not change next year’s growth trend, cash flow hits new high

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Hengli Hydraulics (601100) 2019 Third Quarterly Report Review: Short-term fluctuations do not change next year's growth trend, cash flow hits new high Company 2019 1? September revenue was 38. 3 ‰ / year + 21. 3%, net profit attributable to mother 8. 2 ppm / year +32. 1%. The third quarter revenue was 10. 4 ppm / year +4. 5%, net profit attributable to mother 2. 500 million-3 per year. 8%. Operating cash flow 11. 700 million / + yo215%. Are we raising company 2019? The net profit for mothers in 2020 is forecast to 13/16. 600 million, giving 47. 1 yuan target price (corresponding to 25 times PE in 2020), maintain "Buy" rating. The results of the third quarter report were slightly lower than expected, and the main cause…
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Suning Tesco (002024): Pragmatic, Strong and Timeless

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Suning Tesco (002024): Pragmatic, Strong and Timeless When investing in Suning, you must identify the true value of Suning.The market 杭州桑拿 may overestimate the capabilities of Suning's online and new retail businesses and underestimate the value of its offline businesses.We believe that the offline battlefield is Suning's absolute field, which is reflected in upstream relationships, customer retention, and expansion of national channels.The cultivation and adherence of Amazon and Wal-Mart to the long-term value has given today the layout of the global retail hegemony. The core value of Suning lies in the stability and expansion of the chain format, which will build a long-term moat for Suning.The layout of retail cloud over 3,000 franchise stores has further verified its offline strength. At the beginning, Zhuo Li, but the continuation chapter is…
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Fosun Pharma (600196) Company Review: Further Distribution of Innovative Medicines

桑拿
Fosun Pharma (600196) Company Review: Further Distribution of Innovative Medicines Event: On April 9, 2019, the company announced (1) that the holding subsidiary Fuhong Hanlin and / or the holding subsidiary invested no more than 1 billion euros to build a "Fuhong Hanlin Biomedical Industrialization Base (B) "The first phase of the first phase of the project. (2) Shanghai Fosun Pharmaceutical Industry Development Co., Ltd., a holding subsidiary, is authorized by ReNeuron Limited to use its technology and licenses in the region (ie, Mainland China, Hong Kong and Macau Special Administrative Region, Taiwan) and in the field (ie, after the treatment of strokeHarmful and retinal pigment degeneration) Exclusive clinical development, production and commercialization of neural stem cell line 杭州桑拿网 CTX products and human retinal progenitor cell line hRPC products. (3)…
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Public offering of low-grade rare earth explosive market may not act

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Public offering of low-grade rare earth explosive market may not act Securities Times reporter Ying Youjia's rare earth plate set off a rising tide, causing excitement. Fund company sources told reporters that these two days, the rare earth-related statutory conference calls almost constantly, fund managers have begun to study the rare earth sector. Judging from the public placement positions disclosed in the first quarterly report, the fund has replaced rare positions. In the face of sudden market conditions, adding positions is still waiting to become a problem that fund managers need to replace.   Fund data on the rare earth permanent magnet Wind data show that on May 21, the rare earth index soared 9. 77%, ranked first among 140 concept plates, and the rare earth permanent magnet index rose 8%,…
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BTG Hotel (600258) 2019 Interim Report Review: Affected by Macroeconomic Impact of Operational Data Down, New Stores Stable, Expected to Accelerate in Second Half

按摩
BTG Hotel (600258) 2019 Interim Report Review: Affected by Macroeconomic Impact of Operational Data Down, New Stores Stable Event: Company Announcement: Revenue for 2019H1 39.90 trillion, a year down 0.30%, of which Q1 / Q2 growth rate is 0.99% /-1.5%; net profit attributable to mother 3.68 ppm, a ten-year increase of 8.14%; net profit deducted from non-return to mother 3.3.6 billion, a six-year growth of 6.22%, of which, Q1 / Q2 growth rates were -3.04% / 8.31%; operating net cash flow 6.7.4 billion, a decrease of 12 per year.41%, EPS is 0.37 yuan / share. Opinion: Affected by the renovation and upgrade of direct-operated stores and the downturn of the industry, revenue has been reduced, related expenses have been reduced and investment income has increased, and Q2 results have turned…
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Hongfa (600885): Performance growth in line with expectations Optimistic about the development of high-voltage relay business

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Hongfa (600885): Performance growth in line with expectations Optimistic about the development of high-voltage relay business Investment highlights: Event: The company released its 2018 annual report, and the company achieved total operating income of 68 in 2018. 80 ppm, an increase of 14 in ten years. 28%; net profit attributable to mother 6. 99 ppm, a ten-year increase2. 02%. The performance growth rate was in line with Shen Wanwanyuan's expectations. The company plans to pay dividends for every 10 shares2. 9 yuan (including tax), the amount of dividends accounted for 30% of the net profit attributed to the mother. 91%.   Revenue has grown steadily, cost-side pressure has increased, and R & D expansion has continued to expand. The company sold relay products in 2018. 9.4 billion, an increase of 5…
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Suning Tesco (002024): Acquisition of Carrefour China’s 80% Equity Fast-Selling Category Goes Further

新闻
Suning Tesco (002024): Acquisition of Carrefour China's 80% Equity Fast-Selling Category Goes Further Incident Suning Tesco's wholly-owned subsidiary invested approximately $ 4.8 billion to acquire an 80% stake in Carrefour China. Investment points: Online channels have impacted offline supermarkets, and Carrefour 's market share has fallen: Suning International, a wholly-owned subsidiary of Suning, signed a share purchase agreement with Carrefour Group and plans to invest 4.8 billion yuan to buy 80% of Carrefour China.As of Q1, Carrefour China has launched 210 large-scale general supermarkets, 24 convenience stores, and the store area exceeds 4 million square meters.In the remote end, online channels have impacted offline supermarkets, and Carrefour 's market share in China has fallen. According to Kantar, Carrefour 's market share in China has increased from 3 in 2017.3% interest…
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Hesheng Silicon Industry (603260) Quarterly Review

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Hesheng Silicon Industry (603260) Quarterly Review Product prices continued to slump. Third-quarter results were under pressure again: Hesheng Silicon released the third quarter report for 2019, and the company achieved revenue of 65 in the first three quarters. 4.3 billion, down -22. 48%; net profit attributable to mother 8. 6.1 billion, down -61. 66%; net profit after deduction to mother 7. 5.1 billion, down -65. 6%; EPS is 0. 92 yuan / share. Affected by the sluggish downstream demand, the industrial silicon price in the flood season continued to fall, and the company's profit margins were reset. At the same time, due to the continuous release of production capacity, the price of organic silicon also dropped significantly. Specifically, the company's average industrial silicon price in the first three quarters was…
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Super big order: 20 big orders flow into over 100 million yuan rare earth concept stocks are popular

夜生活
Super big order: 20 big orders flow into over 100 million yuan rare earth concept stocks are popular [Super large order]20 large orders flowed into over 100 million yuan, and rare concept stocks were popular. Source: Securities Times, two cities with a net replacement of 25 large orders.US $ 5.9 billion, non-ferrous metal industry net inflows throughout the day9.700 million.A total of 20 stocks in the two cities had a net inflow of over 100 million yuan.  A shares ushered in the closing battle in May today. The three major indexes fluctuated within a narrow range throughout the day. Eventually, the collective closed slightly down.The market volume is still sluggish. The total turnover of the two cities is only 437.4 billion. The industry sector is mixed, and the new shares have…
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Hengli Co., Ltd. (600346): The cash flow of large refining and chemical projects has significantly improved and the interim report exceeded expectations

洗浴
Hengli Co., Ltd. (600346): The cash flow of large refining and chemical projects has significantly improved and the interim report exceeded expectations Event: The company released its 2019 Interim Report and achieved operating income of 423 in the first half of the year. 3.3 billion, +60 per year. 04%; net profit attributable to mother 40. 21 ppm, +113 a year. 62%. Among them, Q2 2019 single quarter realized operating income of 272. 80 ppm, +83 for ten years. 49%, +81. 23%; net profit attributable to mother 35. 1.5 billion, previously +351. 13%, + 595% MoM. EPS 0 in the first half. 57 yuan. Main points: 1. The large-scale refining and chemical project was put into operation, and the advantages of integration gradually emerged. The company's Changxing Island 2000 forecast /…
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