Category Archive : 新闻

Due to the speculative atmosphere, the green power AH premium bubble is huge

Due to the speculative atmosphere, the green power AH premium bubble is huge

Huge source of green power AH premium bubble: Beijing Commercial Daily Zhou Kejing terminated the closing on July 12, Green Power’s closing price in the Hong Kong stock market was 3.

91 manufacturing / 武汉夜网论坛 share, but previously in the A-share market was as high as 25.

15 yuan / share, such a huge AH premium caused very abnormal.

This column believes that due to the strong speculative atmosphere, the current estimate of Green Power A-share stocks is huge, and investors are advised to pay attention to the risks. If they are optimistic about this company, it will not prevent them from buying directly at the Hong Kong stock market.

  The AH stock spread does exist for a long time, but this column has always believed that long-term things may not be correct. Even if the AH spread has historical and objective reasons, it does not mean that newly listed A-share companies may not care about the enhancement of the corresponding Hong Kong stocks.And value fundamentals.

Take Green Power as an example. After the A-share listing, the daily limit has continued to rise from 4 on the first day.

74 yuan / share, all the way up to 27.

85 yuan / share, this kind of enthusiasm for investors is difficult to evaluate rationally.

  The same kind of stock has different pricing differences only in different markets. This column does not consider that Hong Kong investors lack vision and are more like A-share investors with too much fanaticism.

  Even AH shares need a certain premium to reflect the estimated advantages of the A-share market, but a premium of more than 6 times is a bit too outrageous.

If investors are really optimistic about green power, they can consider buying from the Hong Kong stock market. Only 3 is required.

91 manufacturing / share, and 25 in the A-share market.

15 yuan / share, of which higher cost performance can be imagined.

  So why would A-share investors prefer to buy 25.

15 yuan / share of A-share green power, unwilling to buy 3.

What about the green power of 91 manufacturing / shares of Hong Kong stocks?

That’s because A-share investors believe that green power stocks bought near 25 yuan can still be sold to others for 30 yuan, and 3.

9 Green power near manufacturing may still be 3 in the future.

9 builds without much hype expected.

This is actually speculative and does not belong to the scale of value investment.

  At present, investors who dare to participate in the hype of green-power A-share stocks are mainly based on short-term customers, and their purpose is obvious. They will flee for one or two trading days without long-term investment.

In fact, the reason why Green Power has been popular with investors has some special backgrounds.

Certainly, in the new IPO, the green power may not be considered high after opening the upswing.

In fact, the circulation disk is relatively small, and it mainly facilitates capital speculation.

In addition, the previous broader market continued to adjust, and the new shares have become a safe haven for many funds, and it has also become a major reason for the excessive motivation of green power.

  However, in the medium and long term, in the case of sub-new stocks such as Green Power, which have suffered from excessive speculation, the future value return trend will continue, and the only uncertainty is to gradually complete through multiple consecutive.

  This column has always said that the A-share market is already in the bottom area, and does not mean that all stocks are in the bottom area.

There is a kind of deformed estimation bubble of green power A shares. There is a serious need for regression and rational regression. Even if the stock index re-enters 5000 points, the expectations of green power may not perform better.

[Can you eat Dangshen Astragalus Porridge for a cold?

】 _Sense_Can you eat

[Can you eat Dangshen Astragalus Porridge for a cold?
】 _Sense_Can you eat

A cold is a disease that is most familiar to us humans, but a cold is now the least feared disease, because the human body has evolved to a degree, and now even if a cold does not take medicineWithout injections, you can still recover after a few days.

However, pay attention to your diet during a cold.

So, can you eat Dangshen Astragalus porridge with a cold?

Astragalus porridge recipe, the amount of astragalus is not much, with rice, very peaceful, belongs to the tonic, most people can eat a little in the wet season.

People with weak qi and weak body who insist on drinking astragalus porridge every day during the period of three volts can improve the Qi and strengthen the immunity.

Note that astragalus porridge is tonic, and the evidence is not suitable. Those with hyperactivity of yin deficiency and yang, and those with manifest evils, are not suitable.

The physically weak, insufficient gas, middle-aged and elderly people, the initial recovery of serious illness, after surgery, patients after radiotherapy and chemotherapy can eat more.

From a physical point of view, tan is best for people with qi deficiency and spleen wetness. This type of person is often fat and has weak muscles, especially the abdominal muscles.

It is not suitable for people with very dry skin.

In terms of physical condition, do not eat astragalus for colds and menstrual periods.

From the season, ordinary people should not eat astragalus in spring.

Why ca n’t I drink astragalus porridge for a cold?

Because astragalus is solid, it helps the body close the door and prevents foreign evils from invading.

But when the body already feels the external evil, it will become behind closed doors and keep the evil inside the body, there is no way to vent it.

In the same way, spring is the season for hair growth, and the human body needs to declare it, so eating astragalus is not suitable.

Before eating astragalus, you must touch your veins to see if there are floating veins, that is, whether there is any evil, to decide whether you can eat.

People who can’t take the pulse, don’t have to worry, just see if they have symptoms of a cold.

You can drink without symptoms of a cold.

People who really know their physical condition can go to the supermarket to buy a little amaranth or houttuynia cordata, eat a meal or two, and collect Chen Han.

You can drink astragalus porridge the next day.

The old does not go, the new does not come.

At this point the turbid gas has gone, which is conducive to the cultivation of righteousness.

Righteousness is enough, external evils cannot invade.

In autumn and winter, there is no need to be afraid of the cold.

[Can you drink milk tea during lactation]_Milk tea_Breastfeeding_Can you drink

[Can you drink milk tea during lactation]_Milk tea_Breastfeeding_Can you drink

Women have a long implantation period for breastfeeding after having a child. After the child is born, it does not mean liberation. It also means that nothing can be eaten during breastfeeding, especially tobacco and alcohol.In the lactation period, you can drink milk tea appropriately for appetizing, it is best to make it yourself. This kind of milk tea is relatively healthy, there are no flavors and additives, and it is safe milk tea.

Milk tea has a strong flavor and is very sweet. Many female friends like to drink it.

Can I drink milk tea during lactation?

Xiaobian answer for you.

Can I drink milk tea during lactation?
Drink milk tea with caution during lactation.

Reasons to drink milk tea carefully during lactation: Most pearl milk teas in the market are made with creamer, pigment, flavor and tap water. The main ingredient of creamer is hydrogenated vegetable oil, which is a trans fatty acid.Fatty acid foods will affect the health of the food and affect the growth and development; the entire process of making creamer does not use a drop of milk, it is added to the vegetable oil after mixing with water and various additives, mixing, mixing, emulsifying, Sterilize and dry to make something similar to milk, and throughout the production process, heavy metals such as nickel and chromium will remain on the ground, and these heavy metals are difficult to decompose and are not easy to be discharged from the body.

In addition, milk tea contains caffeine, which can enter the vitamins through breast milk. If the amount is large, it will also affect the health of vitamins.

The correct way to drink milk tea during breastfeeding: If the breastfeeding mother can’t resist the temptation of milk tea, you can drink it properly, but remember not to drink more. In addition, you must go to a milk tea shop at a certain distance to buy, how much you can eat more safely.

[Domestic oven toasting methods and making steps]_How to do_How to do

[Domestic oven toasting methods and making steps]_How to do_How to do

Now everyone likes to make some cakes and breads in the home oven, and it feels more secure for family members, and of course, they also like to enjoy the process of baking.

Many people just started to learn how to make Qifeng cake or bread when they just started baking, because these two kinds of food are the most basic preparation in baking. Now let ‘s talk about the home oven toasting methods and production steps.

Ingredients: Flour making steps: 1.

Honey, water, 150 grams of flour and 4 grams of yeast are mixed in a fresh-keeping box, stir well, put the fresh-keeping box in the opening, and place the fresh-keeping box in a cool place to ferment 8?
12 hours, this is very important. The texture and flavor of the bread depend on this continuous fermentation, and you must not be lazy.

Put the remaining 300 grams of flour, 12 grams of yeast, and 30 grams of salt into a container, and put the noodles fermented 12 hours ago in this container.

2.

The next step is to stir. The small three volts use an electric mixer. If there is no electric at home, it is simple. Stir with chopsticks. The electric mixer can be stirred for 3 minutes. The chopsticks need to be stirred for about 10 minutes.

Cover the container with a wet towel and wait for 20 minutes.

The next step is to knead the dough. The qualified degree is that you can gently pull the dough into a thin sheet that can transmit light. At this time, the dough will be slightly sticky.

3.

Now the oven is ready to play, pour hot water into a plate as shown in the picture, and place the plate in the bottom of the oven.

Hot water has two functions. One is to keep the oven warm, which can speed up the fermentation of the dough, and the other is to keep the oven moist and prevent the surface of the dough from drying out.

Add the dough to the baking sheet, pay attention to apply some oil to the baking sheet to prevent the dough from sticking to the baking sheet. Place the baking sheet in the oven for secondary fermentation.

4.

The fermentation lasts about two hours. When the dough has doubled in size, you can remove the baking sheet.

It’s time to start kneading the dough. It can’t be too hard, just knead for a minute. At this time, if you like, you can add some nuts, raisins and other snacks to the dough according to your taste.

5,

Use your palm to gently press the dough to flatten it into a dough.

Fold the biscuit in half, and then fold it in half.

Cover the dough with a wet towel and wait 10 minutes.

Use your knuckles to flatten the dough again this time, pressing the dough into a pie.

This time, the dough is squeezed into dough again by squeezing.

Next, gently place it on the dough and turn it until the dough can be easily turned in your hands.

6.

Place the dough on a baking sheet sprinkled with cornmeal.

Cover the dough with a dry towel and wait an hour.

This step is optional. If you like a hard crust on your bread, you can add 100 grams of starch to 200 grams of water, mix well, and spread it on the dough.

Use a knife to make a few 1 cm thick openings in the dough.

Standard bread is usually cut with a fork.

7.

If these openings are not cut, the outer shell of the bread during baking will prevent the bread from becoming larger and fluffy.

Finally, you can start baking. You still need to add a shallow dish with water in the bottom of the oven, bake on high heat, turn to 200 degrees, bake for one hour, remove the shallow dish with water, turn off the oven, and wait 30 minutes to completeAlready.

[Efficacy of orange peel soaking in water]_Orange peel soaking_Function_Benefits

銆 愭  瀮 樊 娉 咉 擉 擮 擷 擷 抸 报 銆 慱 哗 哿 镄 The field is indeed ruined _ 濂 BOR
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TD Optics (002632): Multi-product volume in line with expectations has entered the performance harvest period

TD Optics (002632): Multi-product volume in line with expectations has entered the performance harvest period
Event: The company released a report on 2018 results and achieved revenue12.09 million yuan, an increase of 49 in ten years.81%, net profit attributable to mother 2.400,000 yuan, an increase of 93 in ten years.8%, EPS is 0.38 yuan, ROE12.44%, it is planned to distribute a cash dividend of 3 per 10 shares.5 yuan (including tax). Comments: 1. The performance is in line with expectations, and the volume of multiple products has entered the period of performance 苏州夜网论坛 harvest. The rapid growth of performance is primarily due to the increase in market share of the company’s license plate film and semi-finished products such as license plates. Product added value. Synthetic glass micro-bead reflective materials have achieved rapid growth. At the same time, the company’s micro-prism reflective films and other high-margin products have significantly increased sales revenue.Gross profit level.Among them Q4 income 3.4.5 billion every year 26.14%, net profit attributable to mother 0.73 ‰, 78 per year.6%.The star product microprism film and aluminum-plastic film developed since listing have both been independently developed high-barrier new materials. The production scale has begun to take shape and gradually increased. The optical film has also been deployed through the acquisition of Warwick 北京夜网 New Materials. The company is moving towards becoming a domesticThe strategic goals of functional film material leaders are gradually moving forward. 2. As a leading domestic reflective material company, the rapid volume of aluminum plastic film has taken the lead. The company’s reflective materials include two series of reflective film and reflective cloth. The reflective film includes 16.8 million square meters of glass microbead film and 10 million square meters of microprism film. The reflective cloth includes 13.2 million square meters of production capacity and 5 million sets of reflective clothing.With an annual production capacity of 10 million square meters of microprism film, it will rapidly increase volume after it is put into production in the fourth quarter of 2016. It is the first in China and the fourth company in the world to break through microprism film technology. Its product performance is comparable to 3M and Avery Dennison, and it is expected to be on high-grade highways.And the downstream field of car body stickers accelerates the process of domestic substitution.The company’s current annual production capacity of aluminum plastic film is 15 million square meters. In 2018, sales are expected to double to 3 million square meters. The main downstream products are 3C products, which are being certified by downstream power battery manufacturers. 3. It is planned to invest in a PC / PMMA composite sheet production line to demetallize the back cover of mobile phones to promote rapid demand. PC / PMMA composite sheet can overcome the fragility of glass and ceramic materials, and the cost is only 30% of the glass cover; the advent of the 5G era and wireless charging, NFC and other fast mobile phone back cover demetalization promotion, PC / PMMA composite materialThe demand for sheet materials is strong, and it is expected that the penetration rate will reach 70% by 2020, becoming the most mainstream mobile phone backplane material. Domestic oppo and vivo are pushing to comply with mobile phone panels. It is expected that the demand for composite sheet materials will increase by 30% in the next three years.The company plans to invest 1.4.8 billion new optical PC / PMMA co-extruded film / sheet production line with an annual output of 10 million square meters at the Yongkang base. The project construction period is one year, and production will gradually start in January 2020. Full production will help increase tax-included income5 Ten thousand yuan, net profit after tax 1.2.1 billion. 4. Maintain the level of “Careful Recommendation-A”. We expect the company’s 19-20 net profit to be 3.3.1 billion / 4.170,000 yuan, the current corresponding PE is 15.9/12.7 times, maintaining the level of “Careful Recommendation-A”. Risk factors: intensified competition in optical films, and lower-than-expected certification of aluminum-plastic film power batteries.

Lixun Precision (002475): Third Quarter Report Exceeds Expectations 5G Hardware Market Spends Precision Manufacturing Leads

Lixun Precision (002475): Third Quarter Report Exceeds Expectations 5G Hardware Market Spends Precision Manufacturing Leads
Event: On the evening of October 21, Luxun Precision announced the third quarter report of 2019.The first three quarters of 2019 achieved operating income of 378.36 ppm, an increase of 70 in ten years.96%, net profit of return to mother 28.880,000 yuan, an increase of 74 in ten years.26%.Exceeding the semi-annual report for the first three quarters of 2019 forecast limit (expected to increase by 50%?60%).The third quarterly report continued the growth momentum of the half-yearly report and again exceeded expectations.At the same time, the company expects to gradually realize net profit attributable to its mother.48?42.20 ppm, an increase of 45% per year?55%. The main businesses of the three major industries of consumer electronics, communications and automotive have achieved high growth, driving performance to continue to exceed expectations: the company achieved operating income of 214 in the first half of 2019.410,000 yuan, an increase of 78 in ten years.29%, net profit attributable to mother 15.20,000 yuan, an increase of 81 in ten years.81%, the average income and profit in the first half exceeded market expectations.According to the 2019 third quarter report, Q3 achieved operating income of 163 in a single quarter.950,000 yuan, an increase of 62 in ten years.24%, realized net profit of return to mother 13.860,000 yuan, an annual increase of 66.74%, third-quarter revenue and profit continued to exceed expectations. As the company’s largest source of revenue, consumer electronics continues to increase its core product TWS headset market penetration.According to Counterpoint data, the number of TWS headphones expanded to 47 million units in 2018, and it is expected to reach 1.300 million units (previously + 177%) and is expected to reach 2 in 2020.400 million units (ten years + 85%).The company led the market in 2017 to achieve mass production of TWS headsets, and is Apple’s core supplier of Airpods.Airpods were launched in 2018 at 35 million units (75% market share), Q1 2019 was 12.5 million units (60% market share), and Q2 2019 was 14.3 million units (53% market share).It is expected that related products such as Google and Huawei are also expected to usher in continued sales growth. At the same time, various forces will promote the continuous upgrade of TWS headsets in terms of chips, wireless charging boxes and noise reduction functions, and increase the ASP of single products.Based on product and technology advantages, the company is expected to further expand its major customers and continue to benefit. In the third quarter, the company’s profitability continued to improve, and its cash flow performance was dazzling: in Q3 2019, the gross profit margin reached 22.07% (+ QoQ.58pct, +0 per year.12pct); net interest rate reached 8.98% (+ 1% from the previous quarter.58pct, +0 per year.47pct); ROE reaches 7.9% (+ 1% qoq.51pct, at least +1.99pct), in addition to the contribution of the increase in net interest rate, the company’s asset turnover rate has also improved significantly.In terms of cash flow, net cash flow from operating activities in the first three quarters of 2019 was 61.110,000 yuan, an increase of 194 in ten years.59%, the cash flow from operating activities in the third quarter was 19.23 trillion, an annual increase of 2929.01%. Investment advice: What do we expect the company to do in 2019?2021 operating income will be 537.7.5 billion (+50.0%), 752.8.5 billion (+40.0%) and 941.0.6 billion (+25.0%); net profit is 40.10,000 yuan (+47.0%), 55.6 billion (+39.0%) and 69.RMB 990,000 (+25.9%); corresponding EPS are 0.75 yuan, 1.05 yuan and 1.32 yuan; corresponding PE is 40 times, 29 times and 23 times.Considering that the company is a global leader in precision manufacturing, it is given 32 times PE in 2020, with a six-month target price of 34 yuan, and maintains a “Buy-A” investment rating. Risk warning: TWS headset 杭州桑拿 price cuts are higher than expected; major customers ‘expansion is lower than expected; new customers’ expansion is lower than expected

Yutong Bus (600066): Steady profitability and upward consolidation of pricing power

Yutong Bus (600066): Steady profitability and upward consolidation of pricing power

This report reads: The company’s Q3 revenue growth rate, profit growth rate and sales volume growth rate are basically the same, profitability is stable, disturbed by subsidy factors to reverse, pricing power additional highlights.

Investment Highlights: Maintain “Overweight” rating and maintain target price.

3杭州夜网7 yuan.

The company’s revenue and profit growth rate is comparable to the growth rate of sales volume, which reflects the company’s restructuring and subsidized by new energy vehicle subsidies, which has led to price changes and highlights the leading pricing power industry segmentation.

Company Q3 achieved revenue of 83.

5.7 billion (+13.

6%), net profit attributable to mother 6.

4.2 billion (+10.

44%), with performance in line with expectations.

The company sold 16,711 passenger cars in the third quarter, a year-on-year increase of 13.

2%.

Maintain prediction company 2019?
The EPS in 2021 is 1.

11/1.

19/1.

30 yuan with a target price of 19.

37 yuan corresponds to 16 times PE in 2020.

Profitability increased month-on-month, and is comparable each year. Supplementary factors have weakened the 杭州夜网 company’s profitability.

Q3’s gross margin / net margin was 24.

14% / 7.

78%, +2 from the previous quarter.

04% / + 2.

84%, eleven.

5% /-0.

17%.

According to our rough estimation, the average cost of the company’s Q3 bicycle is about 500,000 yuan, which is changed to +0.

20,000 yuan, net profit of bicycle 3.

840,000 yuan, at least 0 per year in 2018.

120,000 yuan, the decline is much smaller than the amount of compensation for the decline.

The transition baseline for 2019 (May 8 to August 7) is the average subsidy for national subsidies to decline 4.

1 million / car, after the transition period (after August 7), the national subsidy will be refunded an average of 2 million / car.

The company’s leading level is remarkable, and it has the right to speak the price.

In the first three quarters, the market share increased to 37%, and the market share in the past three years9.

31%, strong companies in the context of weak industries.

Since 2015, the passenger car industry has grown at a faster rate and sales have increased.

The company continues to consolidate the leading level through product competitiveness.
The company’s 5-meter market share in the first three quarters of 2019 was 29.

21% / 27.
22% / 28.

17% / 32.
53% / 36.

53%, towards the oligarch of passenger cars.

Catalyst: Sales volume announcement and earnings report.

Risk reminder: forecast of macroeconomic growth rate, forecast of passenger car industry sales growth rate.

Yunhai Metal (002182) Annual Report Comments: Promote Downstream Industry Layout with Baosteel Metal

Yunhai Metal (002182) Annual Report Comments: Promote Downstream Industry Layout with Baosteel Metal

Event: In 2018, the company 北京夜网 achieved operating income of 510,000 yuan, a year-on-year increase of 3.

54%; net profit attributable to shareholders of listed companies3.

29 ppm, an increase of 112 in ten years.

83%.

In the single quarter, the company achieved operating income in the fourth quarter.

900 million, down 12 a year.

9%, net profit attributable to parent company is 0.

820,000 yuan, an increase of 356 in ten years.

92%.

Investment points: The company’s production capacity has steadily increased, and the development of the midstream and downstream industries has accelerated. At present, the company has an annual production capacity of 18 inches of magnesium alloy, and the annual production capacity of original magnesium is 10 replacements, ranking first in the industry.

The company invested in the construction of a 1-channel microchannel flat tube project with an annual investment of 50 million yuan to build a light alloy precision die-casting production base, and continued to accelerate the development of the midstream and downstream industries.

Hand in hand with Baosteel Metal to advance the production layout of auto parts: Introduce Baosteel Metal, a strategic shareholder. After the share transfer is completed, Baosteel Metal holds 8% of the company’s total share capital.

Continuous R & D investment and production line upgrades: In 2018, the company’s total R & D investment amount was 1.

8.3 billion, an annual increase of 0.

24%, 24 patents added, selected as the establishment unit of military standards for the magnesium alloy industry.

Established an Indian subsidiary and the overseas market continued to expand: The company invested 80 million yuan in its own funds to establish a subsidiary in India to build an 苏州夜网论坛 annual output of 1 million die-casting parts and supporting magnesium alloy recovery projects. After the project reaches production, it is expected to achieve an annual netThe profit was 1,446.

260,000 yuan.

Profit forecast and investment advice: Considering that the company is operating well and the scale of operations is expanding year by year, we expect that EPS for 2019-2021 will be 0.

54, 0.

60, 0.

74 yuan, PE is 17.

15,15.

26, 12.

48 times, double the holding level.

Risk factors: The decline in the price of magnesium and aluminum has narrowed; the company’s additional projects cannot be put into production on time; and the downstream industry has insufficient demand.

Moutai, how does Gree’s sustainable adjustment of epidemic affect consumption?

Moutai, how does Gree’s sustainable adjustment of epidemic affect consumption?
What kind of concepts should be followed by policy-friendly technology stocks?Come to Sina University of Finance and listen to the opening column of the Trading Day Financial Morning Post.  Original title: Moutai, Gree adjustment, how does the epidemic affect consumption?| Market observation One or two quarters of consumption data will have an impact, but the situation will improve in the second half of the year. Investors should look for opportunities to layout after gradually adjusting.  The “ice-fire dual-sky” A-shares made too many investors blunt.  In the Ningde era (300750.SZ), Mindray Medical (300760).SZ) and other leading stocks, the recent A-share ChiNext continued to make great progress, although the leading stock Ningde era fell 3 on February 24.43%, but GEM continues to rise by 1.68% hit a new high.However, due to factors such as the new crown virus pneumonia epidemic (hereinafter referred to as the “outbreak”), most consumer stocks did not rise but fell, especially the two leading sectors of liquor and home appliances in 2019.From a fundamental point of view, how much has this outbreak affected consumer stocks?  February 24, Maotai, Guizhou (600519.SH) Down 2.31%, Gree Electric (000651.SZ) down 1.71%, other core asset consumer stocks have undergone significant adjustments, and the liquor and home appliance sectors have performed poorly. These sectors have more weak external disk performance that day.In this regard, preliminary sources 四川耍耍网 believe that the data in one or two quarters will have an impact, but the situation will improve in the second half of the year. After gradually adjusting, investors should look for opportunities to layout. Leading stocks will continue to benefit after the industry concentration is improved.  Xu Ming, a fund manager of the Guangfa Fund’s Value Investment Department (Jin Qilin analyst), told First Financial reporter that the SARS epidemic in 2003 was analogous to this new round of coronary pneumonia.The impact of SARS in 2003 was concentrated from mid-April to mid-June. After the resumption of the Spring Festival, it had a certain impact on industrial production.From the perspective of GDP, the impact of SARS on the economy was only one to two quarters, and the impact on industrial production was 2-3 months.If the epidemic can be controlled well, the impact on the macro economy is expected to be one to two quarters.  From the perspective of industry, the industries affected by SARS in 2003 were catering, tourism, hotels, aviation, airports, home appliances, automobiles, home improvement and building materials.Wang Mingxu believes that the new crown pneumonia epidemic will have an impact on the short-term performance of the economy, especially in industries related to consumption, but from a time period of one year or later, the impact is very small. The suppressed demand this year can be renewed in the future.Released.  ”It is expected that by the second half of this year, there is a high probability that consumption growth will return to its previous growth trajectory.Wang Mingxu said that in the long run, the epidemic has little impact on the fundamentals of the consumer sector, but note that some people ‘s lifestyles and consumption patterns have brought about some changes. For example, it may change consumers ‘long-term protection habits. Many households will invest in the future.Household protective equipment such as masks, disposable gloves and disinfectant are always available.  Talking about the boycott liquor industry, Wang Mingxu analyzed that after the outbreak, the terminal sales of liquor during the Spring Festival are not particularly ideal. Although the variation range has reduced the deviation, the wholesale market is closed at the same time during the Spring Festival, so how much impact needs to continueverification.He believes that the impact of the epidemic on medium-end liquor may exceed the size of high-end liquor, but the specific impact will still depend on the current inventory levels and price changes of different brands.For first-tier brands, the impact is not so great and it will also benefit from increased industry concentration.  ”The liquor boom cycle has lasted more than three years. At present, many liquor companies’ estimates are in a neutral and reasonable position, but if they are gradually adjusted under the influence of short-term changes in the epidemic, they can wait until the estimated level of attractiveness will be ushered in.Very rare long-term buying point, “said Wang Mingxu.  In the home appliance industry, Zeng Zen, an analyst at GF Securities, said that from the perspective of the demand for home appliances, passenger traffic has changed due to the epidemic, and offline consumption scenarios have almost stopped, but in the medium and long term, the epidemic may promote the upgrade of home appliance consumption., Bringing new possibilities to the home appliance industry: Considering the high contagiousness of the epidemic and closed homes and other treatment measures, it has significantly increased the time that consumers spend in the “family” scene, “health” and “quality life””It will become two new main lines of consumer electronics consumption stimulated by the epidemic, and it will subtly influence consumer choice and behavior from three aspects: category expansion, product upgrades, and consumption scenarios.After the epidemic entered the panic period, the retail sales of online health and kitchen small appliances grew rapidly.  Hua Ling Securities analyst Wang Ling said that the competition strategy of the second half of air-conditioning needs to look at the overall market integration. Compared with the previous round of destocking demand, the occurrence of market share has been concentrated in a slow and continuous increase. Under the previous sales, Greemei’sConsiderable revenue growth, subsequent competition strategies will still focus on single product drainage, and there will be no decline in the entire product line.Under the condition of controllable profits, the reshaping of the leader in the market is highly certain, and the incremental space brought by expansion and advancement guarantees the leader’s revenue growth.