Dawn Shares (002838) Third Quarterly Report Review: New Material Volume Is Immediately Optimistic for Enterprise Growth

Dawn Shares (002838) Third Quarterly Report Review: New Material Volume Is Immediately Optimistic for Enterprise Growth
Event: On October 30, 2019, the company announced the 2019 third quarter report: revenue 19 was achieved.9.4 billion, an increase of 148 every year.45%; net profit attributable to mothers1.27 ppm, a 44-year increase of 44.72%; Comments: 1. The company’s performance in the three quarters of 2019 will increase by 44 each year.72%, in line with our expectations. In the first three quarters of 2019, the company achieved operating income19.9.4 billion, a sharp increase of 148 previously.45%, net profit attributable to mother 1.27 ppm, a 44-year increase of 44.72%, which has exceeded last year’s highest performance; of which, in the third quarter of 2019, net profit attributable to mothers was zero.48 ppm, an increase of 0 per year.1.6 billion (+ 50%), an increase of 0 from the previous month.07 billion (+11.63%).The company’s third quarter report for 2019 and single-quarter revenue increased significantly, mainly due to the consolidation of Haier New Materials; the improvement in performance was mainly due to the contribution of Haier’s new materials consolidation (including the rebound in the gross margin of modified plastics) and the increase in TPV sales. 2, TPV volume continues to increase, import substitution, play a leading role At present, the company has TPV production capacity2.2 every year.As an ideal material to replace traditional thermosetting rubber materials, TPV has broad development prospects. The rise of domestic vehicles and the increase in the proportion of models 重庆耍耍网 using TPVs have steadily increased the penetration of TPVs in automobiles. It is estimated that by 2020, the total domestic car sales will be 32 million, corresponding to a total demand of 16 cars for TPV.However, the domestic TPV capacity is insufficient and mainly depends on imports.As the third largest TPV manufacturer in the world and the largest domestic manufacturer, Dawn will further expand the production and sales scale of TPV to form an import substitute.At the beginning of 2020, the company added another 1.1 electrostatic capacity, reaching 3.In terms of 3, further increase market share, give play to leading effects, and enhance profitability. 3. HNBR has been put into production smoothly and has begun to sell gradually; HPIBR used for TPIIR export to promote internal use basically depends on imports. The company 南京夜生活网 replaced the internal blank through the exchange of platform technology. The company put into production 1,000 tons of HNBR on March 26, 2019Trial production has been carried out. Currently, the equipment is operating stably and sales have gradually started.It is expected that the remaining 2000 tons of HNBR production capacity will be put into operation in 2020, and this product will contribute considerable performance. In addition, the company has also established an esterification platform to produce high-end TPUs. At present, the company already has TPU production capacity 1 production, bringing new points of performance growth; TPIIR is a substitute for thermosetting bromobutyl rubber. The application field is medical rubber plugs. The domestic demand is 35 billion, and the demand for raw materials is about 6.At present, the company’s new 2,000-ton TPIIR capacity is sufficient for production conditions. On October 22, 2019, Daun High Materials (Beijing) was registered and the export business started.The remaining 8,000 tons of TPIIR is expected to be put into production by the end of 2020, further improving profitability.Dawn is the first mass-produced TPIIR, and it is worth looking forward to replacing traditional rubber plug materials in the future. 4. The application for convertible bonds has been submitted to the total investment of the Daun Polymer New Material Project of the China Securities Regulatory Commission.600 million, including project investment 3.600 million (planned to use no more than 2 raised funds.US $ 600 million, with a total investment of US $ 100 million for repayment of loans and supplementary working capital (the proposed use of raised funds shall not exceed US $ 100 million). Among them, the implementation entity of Daun Polymer New Material Project is Qingdao Haier New Materials R & D Co., Ltd. (hereinafter referred to as “Haier New Materials”), a wholly-owned subsidiary of Daun Share Holding Co., Ltd. (hereinafter referred to as “haiAccept new materials “).Haier New Material’s existing plant was put into construction in 2001, and it is currently in full production. At the same time, the level of automation is not high, and warehouse turnover has reached expectations. The company plans to construct an annual output of 12 in Jiaozhou Economic and Technological Development Zone of Jiaozhou through the implementation of this project.The implementation of this project will further increase the company’s production capacity of modified plastics, meet the current capacity demand, and meet the company’s future business development needs. At present, the project environmental assessment report has been approved, and the application for convertible bonds has been submitted to the CSRC. 5. The convertible bond raising investment project optimizes the capital structure, reduces financial costs, and improves the company’s profitability. (1) The acquisition of Haier New Materials will increase the company’s financial expenses for the third quarter of 2019. The expansion of the company’s scale also requires supplementary liquidity. (2) Supply exceeds demand and expands the production capacity of modified plastics.Haier New Material’s existing production line is at full load. In addition, there are a large number of new products in high-efficiency engineering plastics and modified plastics, which need to replace new modern production lines. (3) Increase revenue and performance.The project construction period is 12 months.The company expects to achieve a maximum annual profit of 9,882 after the project is completed.190,000 yuan, the project’s financial internal rate of return is about 16.88% (after tax), the payback period is about 6.97 years (excluding construction period). 6, consolidated Qingdao Haier New Materials, opened a new layout of modified plastics in the field of home appliances. 2.5.8 billion shares acquired 80% of Qingdao Haier New Materials and have been consolidated since December 2018.Qingdao Haier New Materials is mainly engaged in engineering plastics, special plastics, plastic composite materials, chemical additives and other businesses. Its downstream customers are companies such as Haier Group. The company’s acquisition of the modified plastic supply system that entered Haier’s home appliance field is expected to form complementary productsTo form a new situation for coordinated development. 7. Investment rating and estimation: It is estimated that the net profit attributable to the mother in 2019/20/21 will be 1.87/2.44/3.30,000 yuan, PE is 31/23/19 times, given a “recommended” rating. 8. Risk warning: Downstream automotive market demand is falling, TPV expansion progress is not up to expectations, new capacity construction is not up to expectations, new capacity contributions are not up to expectations, raw material prices are changing, environmental protection policies are changing, and the economy is down substantially.

Changan Automobile (000625): Q4 or turning losses into independent improvement as the main driving force

Changan Automobile (000625): Q4 or turning losses into independent improvement as the main driving force
Q4 may turn around and become the main driving force for improvement. On January 31, the company announced the 19-year performance forecast, and it is expected to realize net profit attributable to mothers in -24?-29 billion US dollars, Q4 achieved net profit attributable to mother -2.4?2.6 ppm, 19 years of performance was slightly lower than expected due to compensation 佛山桑拿网 received from government subsidies.We believe that Changan Ford has not yet achieved a loss in the fourth quarter due to impairment and expense accrual, and Q4 investment income may continue to be negative.The company’s Q4 performance may turn a deficit. First of all, the performance of self-deduction is obviously improved, and sales and profits have increased.According to the company’s announcement, Q4 Company received a government grant of US $ 300 million, and we expect Q4 to make its own profit after deductions.Looking forward to 2020, Changan is autonomous and Changan Ford is in the predetermined model cycle. Sales and profits are expected to improve. EPS is expected to be -0 in 19-21.55, 0.71, 1.21 yuan, maintain “Buy” rating.  The new product CS75 Plus has outstanding competitiveness, and Q4 Changan’s independent sales have greatly increased in 2019. Changan’s independent overall sales have been 850,000 units, each time -7.8%; Changan Ford’s overall sales were 18.40,000 units, at least -51.3%; Changan Mazda sales 13.40,000 units, at least -19.7%; Changan Group’s overall sales were 1.76 million units, -15.2%.The overall sales of ride-hailing in 2019 decreased by about 10%. Since the company did not launch new products in the first half of the year, the company gradually expanded sales and underperformed the industry. Changan’s autonomy is slightly better than the industry.In the fourth quarter of 2019, Changan’s independent sales increased by + 32%, Changan Ford’s sales increased by -20%, and Changan Mazda’s sales exceeded flat.Since September, Changan has independently launched a number of new models such as CS75plus, Auchan X7, CS55 plus, and sales and bicycle profitability have improved significantly.  We think Changan’s independent sales growth rate is expected to exceed 20% in 2020.  Ford Ruiji, Lincoln adventurer launched, Changan Ford sales are looking down. According to the company’s official website, on December 19, Changan Ford’s heavy-duty new car SUV Ruijie (replacement of the Tiger Tiger) was officially launched.There are three versions of the new car, which can be replaced by 2.0T four-wheel drive, the manufacturer’s guide price range is 18.98?twenty one.880,000 yuan.We think this model is reasonably priced and slightly lower than the competitive model. Is it expected that the long-term average sales volume will reach 4000?5000 units.On December 27, Changan Lincoln’s first domestic model, Corsair, started pre-sale, and the model was preset at 24.8?350,000 yuan, about 30,000 yuan cheaper to import MKC, we expect monthly average sales of 2,000?About 3000 units.According to the data from Auto House, in 2020, Changan Ford introduced the introduction of new vehicles such as the Explorer, Lincoln Flying Home, and Voyager. We believe that the conversion to new models will promote the improvement of sales and profits of Changan Ford.  Reduce the reduction point, enter the new model cycle, and maintain the “buy” rating. In the short term, the company’s new energy subsidiary plans to mix and change, sell Changan PSA equity, reduce blood loss points, and bring about 3 billion fair value changes to the company.Initially, Changan has entered the new model cycle, and sales and performance have great flexibility.Taking into account that the government subsidy in 2019 is lower than expected, and excluding the non-recurring gain of 3 billion US dollars from the sale of PSA and new energy subsidiaries in 2020, we estimate that the net profit attributable to mothers in 19-21 is -26.6,34,580,000 yuan, corresponding to EPS-0.55, 0.71, 1.21 yuan.Comparable companies evaluate an average 四川耍耍网 of 19 times PE in 2020, considering the company’s performance change breakthrough, given the company 16 in 2020?17 times PE conversion, giving a 20-year target price of 11.36?12.07 yuan, maintain “Buy” rating.  Risk reminder: Domestic passenger car sales fall short of expectations, new model sales fall short of expectations, the epidemic affects car sales, and hybrid improvements are not up to expectations.

Biyin Lefen (002832): The second phase of the employee stock plan launched a discount guarantee to grant shared growth dividends

Biyin Lefen (002832): The second phase of the employee stock plan launched a discount guarantee to grant shared growth dividends

Today, the company announced the second phase of the employee stock ownership plan budget. It plans to raise no more than 1 trillion, giving executives and core personnel a total of 900 shares at the average repurchase price.

The scope of the plan’s incentives has been further expanded compared to the previous period, and the share price is 25% off the current price. In addition, the chairman guarantees that the plan will further increase employee motivation.

We believe that the long-term sustained growth of mid- to high-end brands is the same store growth strength based on strong product strength.

By cooperating with global high-quality fabric suppliers and designers at home and abroad, the company makes full use of strong product power and perfect VIP service capabilities, and the same store’s growth strength gradually integrates its peers in a weak urban environment. It is expected that this year will continue to maintain 15-20% of theSame-store growth; At the same time, combined with optimization of store area and location expansion and incremental contribution from new brands, it is expected that this year’s extension will contribute to double-digit growth, so that revenue and net profit will increase by nearly 30% and 40%, respectively.

The existing company has a market value of 8.7 billion, corresponding to 19PE21X, the launch of employee stock ownership plans and share repurchases, sharing growth dividends with employees, showing development confidence, and maintaining a “strong recommendation-A” level.

The company announced the second phase of the employee stock ownership plan and budget, showing strong development confidence.

The second phase of the employee stock ownership plan is to raise no more than US $ 100 million, with a lock-up period of 12 months and a duration of no more than 24 months.

1) The stock repurchased by the company holding a special account to repurchase the stock price is the average repurchase price of 36.

37 yuan (as of May 10), a 25% discount from the current price.

2) The number of people covered by the plan does not exceed 900, of which 6 are supervisors. The scope of this incentive plan is further expanded than that of the previous period of 600.

3) The chairman promises to guarantee that if the final amount that can be allocated to employees is lower than the amount of the subscription amount instead of the amount after the repeated points, the chairman will make up the difference.

International planning and development capabilities and comprehensive VIP services build a good endogenous growth strength, supplemented by a variety of industry-oriented layouts mainly based on direct sales, which have become the core of the company’s differentiated competition and drive performance performance peers.

1) Endogenous and sustained high growth: The company focuses on R & D and fabric innovation to form product differentiation advantages.

At the 深圳桑拿网 same time, with the use of multi-series layouts, under the support of high-quality products and comprehensive VIP services, and the upgrade of channels such as location adjustment / expanding area / for boutiques and large-scale experience stores, the three major brands of the same series increased in 18-19-191.The speed is stable at about 15% -20%.

It is expected that the same store will maintain double-digit levels this year.

2) Epitaxy expands steadily.

The average net opening in 18 years was 112 to 764, an increase of over 17%, including 80 major brands and 30 new brands.

It is estimated that the main brand’s net opening scale in 19 years will be about 80, with a total of over 800; new brands will increase by 30-40, and the total is expected to reach 80.

Tourism and vacation brands are officially launched and are expected to be launched in 2020.

The company launched a new travel and vacation brand CARNAVAL DE VENISE (Venice) in early 18th. This series meets the core needs of the four major users of functionality, shooting effects, family wear, and fashion.The series is reduced by 40%.

The channel is mainly distributed in shopping malls and high-end department stores. Depending on the advantages of internal channels, it will open stores independently. It is expected that the number of stores will reach 80 by the end of 19th. It is still mainly incubating single-store operations. It is expected that after two years of cultivation, it will enter in 2020.The main expansion period has become a new growth point for the company’s performance.

Profit forecast and investment advice: In the context of consumption upgrade, brand owners have created high-quality differentiated tones to become entry tickets to enter the high-end market.

At present, the company’s commodity-side development capabilities are expanded and the foundation of the high-end market is expanded.

The strength of same store growth is gradually developing in the weak city environment. It is expected that this year will continue to maintain 15-20% same store growth. At the same time, combined with the expansion and optimization of store area and location and the incremental contribution of new brands, it is expected that this year’s extension is expected to contribute to the growth of China Shuangshuang chanceTen years of revenue and net profit will achieve nearly 30% and 40% growth, respectively.

Increase the EPS for 2019-2021 to 2.

26, 2.

85 and 3.

55 yuan forecast.

The current market value is 8.7 billion, corresponding to 21X and 17X for 2019PE / 2020PE, respectively. The estimates are not high. The company merged differentiated brand tonality, refined channel operations, and efficient internal control. High growth is expected to continue.

The launch of the employee stock ownership plan and share repurchases, sharing growth dividends with employees, showing development confidence, and maintaining a “strong recommendation-A” rating.
Risk reminder: Due to the domestic macroeconomic impact, the risk of high-end demand growth rapidly decreasing; the risk of the incubation of tourism and holiday series not meeting expectations.

Changyuan Power (000966): Onshore wind power will be put into production successively, and the pre-work of Suizhou Thermal Power will start

Changyuan Power (000966): Onshore wind power will be put into production successively, and the pre-work of Suizhou Thermal Power will start
Onshore wind power projects have been put into production one after another, and it is expected to consolidate the operating results: as of the end of June 2019, the company has 9 grid-connected wind power projects.350,000 kilowatts, achieving a net profit of 20.9 million in the first half of 2019.Recently, the company issued an announcement that the company’s Jiyangshan wind power project (50,000 kilowatts) has realized all grid-connected power generation, and it is expected that the average annual power grid1.100 million kilowatt-hours; Zhonghua Mountain Phase II Wind Power Project (4.950,000 kilowatts) to achieve the first grid-connected power generation, and it is planned to achieve all grid-connected power generation in the first half of 2020, with an average annual grid-connected power of 0.900 million kilowatt hours.The company actively develops wind power projects with better profitability, which is expected to further consolidate the company’s operating performance. Suizhou Thermal Power started the preliminary work and opened up the space for thermal power growth: According to the announcement, the company signed the “Suizhou Thermal Power Project Development Agreement” with the People’s Government of Suizhou City, Hubei Province on December 30, 2019.According to the “Agreement”, the company plans to 北京夜网 carry out the development and construction of 2 × 660,000 kilowatts of gas-fired power projects in Suizhou City, Hubei Province. The company promises to give priority to Suizhou projects among similar projects developed, and the two parties agree to start construction before the end of 2020.The project was included in the list of supplementary large-scale coal power projects in the “Thirteenth Five-Year Plan” of Hubei Province’s Energy Development, and it is still in the preliminary preparation stage.Taking into account the tight balance of power supply and demand in Hubei Province, Suizhou currently does not have a large-scale power supply support point.The advancement of this project was approved by the Development and Reform Commission of Hubei Province in 2020 and put into production around 2022. It will help improve the 都市夜网 regional power grid structure and meet the demand for power load growth. Expect to use the hourly value.The company is currently operating 3.59 million kilowatts of thermal power units. After the Suizhou project is put into operation, it is expected to increase the installed capacity of thermal power by 37%, which will significantly increase the profitability of thermal power. The power supply and demand pattern has continued to improve, and coal prices have expanded or even declined. Fourth-quarter results are expected to exceed expectations: Benefiting from power supply-side reforms, Hubei’s power supply and demand pattern has improved significantly.Hubei Province has a better macroeconomic operating situation. In 2019, power consumption increased faster than expected, coupled with the decline in local hydropower output, thermal power units increased.According to the CEC data, in January-November 2019, Hubei’s entire society consumed 2017 billion kilowatt-hours of electricity, an increase of more than 7%.4%.Of which: the secondary, tertiary and residential electricity consumption were 1211 respectively.200 million kilowatt hours, 379.700 million kilowatt hours, 404.700 million kWh, an increase of 5 in ten years.6%, 10.8%, 9.6%.In terms of coal prices, coal prices in Hubei Province have been steadily declining, and the coal price index for 11 consecutive months has continued to increase negatively.From July to November 2019, the monthly thermal coal price index of Hubei Province fell by 8 respectively.0%, 7.9%, 6.3%, 7.3% and 10.5%.As of the end of November, the province’s coal coal inventory for thermal power plants was 531.5 Initially, the average daily coal consumption was 12 in the same period of the previous year.4Minimum exchange rate / day calculation, can meet 43 days of consumption, the historical high level of inventory.Coupled with the recent dry season of hydropower, the output of hydropower was seriously insufficient. In December, the decline in coal prices continued to expand and further expanded. The performance of thermal power in the fourth quarter is worth looking forward to. The Haoji Railway was put into production on schedule and is optimistic about the continuous improvement of the company’s thermal power profit: as of the end of June 2019, the company had a installed capacity of 370.50,000 kilowatts, of which 3.59 million kilowatts are thermal power and 9 are wind power.350,000 kilowatts, biomass 2.160,000 kilowatts, thermal power accounted for as high as 97%, there are elastic characteristics of high coal prices.Due to the lack of coal resources in Hubei Province, coal combustion mainly comes from long-distance transportation from other provinces, and fuel costs remain high.Considering that the national coal supply and demand indicators have improved significantly in 2019, the Haoji Railway was put into production at the end of 2019, which directly alleviated the dual problems of “high procurement costs and high transportation costs” in central China.The company is located in the Central China Electric Load Center, Changyuan Yifa is in the Electric Load Center in Wuhan, Jingmen Company is located in the power support point in the middle of Hubei Power Grid, and Hanchuan Yifa is an important large power point in Jiangbei., Proactively plan power. At the same time, by combing the construction progress of key power projects in Hubei Province, it can be trimmed, and large-scale power generation projects put into operation in 2019-2020 can be replaced, and the power supply and demand layout of Hubei Province is expected to improve significantly.Against the background of high power consumption growth, the stock of thermal power units is expected to achieve breakthrough utilization hours, and is optimistic about the company’s continuous improvement in thermal power profit. Investment suggestion: Buy-A investment rating, 6-month target price of 5.5 yuan.We expect the company’s revenue growth to be 10 in 2019-2021.0%, 0.4%, 1.6%, net profit is 5 respectively.900 million, 7.100 million, 7.9 trillion, corresponding to a P / E ratio of 8.8 times, 7.3 times and 6.5 times. Risk warning: coal prices continue to be high, the price of electricity is down, and the progress of power projects is less than expected.

China Micro Corporation (688012): Leading company in semiconductor equipment

China Micro Corporation (688012): Leading company in semiconductor equipment

Core Opinion: China Semiconductors: a leading semiconductor equipment 淡水桑拿网 company China Semiconductors is a leading semiconductor equipment company. Its main products include etching equipment, MOCVD equipment, etc. At present, the company’s plasma etching equipment has been widely used by international first-line customers from 65 nmTo 14 nanometers, 7 nanometers and 5 nanometers of integrated circuit processing and manufacturing and advanced packaging, the company’s MOCVD equipment has become the world’s top, domestically occupied gallium nitride-based LED MOCVD equipment.

Dividends on investment in semiconductor equipment brought by industrial transfer, localization is accelerating and it has risen to the national strategic pattern through the development of semiconductors. Domestic Yangtze River storage, Huali Micro, etc. have entered the investment cycle, driving the localization of upstream equipment.

Microelectronics etching equipment grasped the potential of domestic investment, and orders increased rapidly.

Mainland LED chip manufacturers have significantly expanded their production, driving demand for MOCVD, and China Microelectronics has integrated its domestic and cost advantages into half the world.

Etching and gas phase epitaxial growth technology are at the advanced level in the world. The main product for the development of micro-semiconductors has been raised since 2004. The main products include CCP etching equipment, ICP etching equipment and third-generation MOCVD equipment, etc.And MOCVD equipment technology is at the world advanced level.

The average value of the raised capital of the company is around the main business. The total investment of the project is US $ 1 billion. The estimated investment amount of the raised capital is US $ 1 billion. The investment includes high-end semiconductor equipment expansion and upgrading projects, technology research and development center construction and upgrading projects, and supplementary working capital.

The 19-21 results are expected to be 0.

38/0.

51/0.

68 yuan / share is expected to earn 21 in 2019-2021.

38/26.

69/34.

280,000 yuan, considering the number of shares after issue 5.

3.5 billion shares, the company is expected to earn 0 in 2019-2021.

38/0.

51/0.

68 yuan.

According to the estimation results of the comparable company assessment method, the company’s reasonable value range corresponds to 7-8 times in 19 years, and we believe that the company’s reasonable and reasonable value range is 27.

97-31.

97 yuan / share.

Risk prompts downstream investment risks; patent risks; technology upgrade risks; R & D capabilities replacing the risks of matching customer needs; overestimating risks.

AVIC Sunda (000043): Restructuring and transformation accelerate the pace of property leadership

AVIC Sunda (000043): Restructuring and transformation accelerate the pace of property leadership

The real estate business is gradually declining, and the property transition is clear: the nature of the current performance decline is: 1. Current investment income is reduced compared with the same period of last year; 2. Sun Company is bankrupted and liquidated, but at the same time we have also observed that the company’s current sales management expenses have decreased by nearly 40% To 3.

10,000 yuan.

Looking ahead, we expect that the scale of the company’s land business and settlement income will gradually occur in the future, but the growth of the company’s property management business will continue to rise in the 四川耍耍网 area of management, and the company’s property management revenue proportion and growth rate will continue to maintain.

  China Merchants Property Mergers Accelerate Frequently: The progress of the company’s mergers and acquisitions of China Merchants Property Reorganization during the year can be described as green lights, efficient and fast.

Starting from the company’s announcement at the end of April, the issue price was initially determined.

At the end of August, the company issued a plan of the board of directors, and the merger and acquisition plan involved capital29.

9 billion.

In the following nine months, the overall plan was immediately agreed to by the State-owned Assets Supervision and Administration Commission of the State Council. On the 19th, the CSRC decided to apply for replacement.

Finally, on October 22, the merger application was unconditionally approved by the China Securities Regulatory Commission Listed Company M & A and Reorganization Review Committee.

  Performance commitment is stable, and future growth is guaranteed: China Merchants Property’s net profit after deduction of non-performance during the performance commitment period 2019-2021 is not less than 1.

5.9 billion, 1.

8.9 billion, 2.

15 trillion; if the annual implementation is completed in 2020, the net profit after deduction of non-return will be no less than 1 in 2020-2022.

8.9 billion, 2.

1.5 billion, 2.

3.5 billion.

According to our calculations, according to the performance commitment plan for 19-21, the three-year performance growth rate is 12 respectively.

3%, 18.

9% and 13.

8%, such as the 20-22 year plan, assuming 19 years of performance to 1.
.

5.9 billion as the base, the three-year performance growth rate was 18.

9%, 13.

8% and 9.

3%.

The promised performance growth rate is fast and stable, which provides a good basis for the release of the performance of AVIC Sunda after the merger.

  Profit forecast and investment grade: We are long-term optimistic about the company’s business development capabilities and property operation capabilities.

EPS are expected to be 0 in 19-20.

32, 0.

38 yuan, maintain “Buy” rating.

Common fabric softener children are stupid!

Common fabric softener children are stupid!

According to statistics, most families now prefer to use fabric softeners. In recent years, health experts have found that fabric softeners contain a large number of chemicals that are toxic.

If used for a long time, it may seriously damage the central nervous system.

  According to reporters, according to data from the US Environmental Protection Agency (EPA) and the Chemical Safety Data Sheet (MSDS), fabric softeners contain a variety of dangerous chemical ingredients, including benzyl acetate, agarol, limonene, benzyl alcohol, and chloroform.
  Formaldehyde acetate may cause pancreatic cancer. Its gas can stimulate the eyes and respiratory tract, cause cough, and can be absorbed through the skin; benzyl alcohol can stimulate the upper respiratory tract, cause central nervous system disorders, and cause headaches, decreased blood pressure, and vomiting., Nausea and other symptoms.

  Limonene is a known carcinogen that irritates the eyes and skin. Agarol has an anesthetic effect and can cause central nervous system disorders and poor breathing. In animal tests, it can even cause test subjects to die. Chloroform is a poisonous nerve.The narcotic, carcinogenic substances have been listed on the hazardous waste list by the US Environmental Protection Agency.

  ”Natural Life” states that most typical chemical ingredients are dangerous when heated in a dryer.

Since the softener will remain in the clothes, these chemical components are slowly released, penetrate the skin or enter the air.

To make matters worse, fragrance is added to most fabric softeners to mask chemical odors.

  For children, the elderly and patients, long-term exposure to these chemicals is particularly dangerous and can even cause permanent damage.

Children may develop rashes, continuous crying, or diarrhea.

Some researchers have even pointed out that some cases of sudden infant death are caused by allergic reactions, and children’s clothes and bedding washed with fabric softener are likely to be one of the causes of allergies.

  If you want to make your clothes soft, try the following methods.

They are not harmful to the health, pollute the environment, and are more economical.

  1.

Pour 1/4 cup of baking soda into the washing machine to soften the laundry.

Or pour 1/4 cup of white vinegar into cocoa, or soften your clothes (but don’t use bleach at the same time).

  2.

Lay your clothes on a clothesline to eliminate static electricity.

  3.

Put a small piece of aluminum foil into the dryer with your clothes to avoid static electricity.

  4.

Install a water softener.

  5,

If you must use a fabric softener, you can choose a softener containing natural ingredients.

Tofu beauty method to make a tofu

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Tofu beauty method to make a tofu

Guide: We know that tofu can be eaten, but we know that tofu can also be beauty.

Using tofu beauty may be more effective than the expensive cosmetics you use.

MMs, do you want to be a Snow White, stroll under the clear sky, and let others envy your white porcelain-like clean skin through the seven-color sunlight.

Maybe your appearance is a snowdrop picked from the Tianshan Mountains, bringing a fresh blue whirlwind, which is amazing and sighing.

  What a beautiful person, I also want to become such a beautiful person, and in continuous efforts.

JMS knows how hard I look at the mask meals I often make.

In fact, the effect is still quite significant, at least few acne on the body, at least a lot less blackheads, at least a lot of delicate skin.

The thick color of tofu is indispensable.

  The tofu concept is white and tender, the food is delicious and delicious, a variety of trace elements, vitamins, proteins and amino acids, etc., make the skin white and elastic.

Not only that, tofu is rich in soy isoflavones, a substance called estrogen that can delay skin aging, so soybeans are sometimes called plant placenta.

There is also an element called lecithin, which can prevent oxidation and prevent the skin from turning yellow.

Without these, the skin becomes rough, loose, and wrinkles appear prematurely.

Therefore, tofu is not only an appetizing, healthy and delicious food, but also a beauty food.

What are you waiting for, let’s have a transformation from Tofu Shih Tzu to Snow White.

  Cut the tofu into small pieces and soak it in hot water. After the tofu becomes hot, mash the tofu into a paste, apply it to the face, massage gently, and wash it with water after 15-20 minutes.

The whitening effect of this mask is very obvious, it can also exfoliate gently, and the hydration effect is also good.

You can also try it, and once you try it, you will feel very, very amazing results.

If you don’t believe JM, you can try it with your own hand first, and only use it on the back of one hand, and don’t wipe on the other.

After using it, check both hands and the truth will be revealed.

  There is also a tofu yeast mask, which is also absolutely classic, and you will love it just once.

Because it’s hard to keep tofu obediently on the body and not run away blindly, you still need some skill when applying this mask.

It is recommended for beginners to use northern tofu first, that is, tofu that looks less watery, because it is relatively dry and easier to grasp.

You can also add some yeast powder to the tofu mask, because the yeast contains a substance called pair of basic propionic acid, which can improve the skin’s sun resistance and increase skin elasticity.

You can also add 1 drop of olive oil or half a spoon of honey.

Message from Editor: Tofu beauty method is welcomed by many MMs. Tofu has a high moisturizing and whitening effect. If you use it often, you can see that your skin becomes white and tender after one month.

Tofu mask can be said to be a cheap and good mask.

How to maintain proper psychological distance when men and women interact?

How to maintain proper psychological distance when men and women interact?

Too serious makes people dare not approach, fearful; but not too frivolous.

The sense of humor is pleasing, and “two hundred and five” deliberately make a fool of himself and thinks humor is the opposite.

How to maintain proper psychological distance when men and women interact?

Let’s take a look with Xiaobian!

  For psychological and physical reasons, when men and women are together, they will have a relaxed and pleasant feeling, which will make the opposite sex attract each other and form a good relationship.

However, there are still some things to pay special attention to when interacting with men and women.

  It’s common to socialize with men in social activities.

So, how to grasp the proportion in communication?

There is much to learn here.

The scale of the exchange between men and women must be well grasped.

  1.

Don’t be too intimate.

Excessive intimacy has never caused one to be too frivolous, to cause people’s resentment, and it is easy to cause serious misunderstandings. Even lovers who have established a relationship should not arbitrarily express their passion and premature intimacy.

  2.

Should not be too cold.

Because indifference will hurt the man’s self-esteem, and it will make people feel that you are arrogant and arrogant.

  3.

Don’t be overly restrained.

In the interaction with men, you should just talk and laugh, you need to shake hands, you need to shake hands, you need to shake hands side by side, and you are tired of life; on the contrary, being too casual is not good.You can only talk between the same sex, some jokes should not be played in the presence of the opposite sex, this should be paid attention to.

  4.

Don’t rap.

Officials show off that they are knowledgeable and wow, wow, keep talking, or arguing over arguments in argument, are not flattering; of course, do n’t be too silent, always keep quiet, or just “oh””Ah”, even if he smiles at this time, it is easy to make people disappointed.

  5,

Don’t be too serious.

Too serious makes people dare not approach, fearful; but not too frivolous.
The sense of humor is pleasing, and “two hundred and five” deliberately make a fool of himself and thinks humor is the opposite.

Seven Mistakes of Novice Yoga Practice

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Seven Mistakes of Novice Yoga Practice

Because the popular yoga practice methods and asanas have more harmful content than the stars in the sky, countless, it is difficult to come together. However, because of the injuries to the victims of yoga practice, how to prevent yoga practitioners from opening the wrong method andAsana work is also urgent.

Here is a simple and rough introduction to the wrong yoga practice methods and asanas.

  First, all excessive stretching, twisting and bending exercises are harmful.

Can only be done moderately.

  Second, all methods of bending the spine too backward are harmful.

This can damage the spine and accelerate the aging of the spine.

Yoga poses like wheel, ace pigeon, and scorpion pose bad health for the spine.

  Third, the posture that makes the cervical spine excessively stressed.

Such as plowing, headstand with head support, etc.

The cervical spine is relatively fragile, and excessive stress will inevitably lead to harm.

There is a danger of high truncation if inadvertently sustained.

  Fourth, women should not overstretch the thigh roots, muscles and ligaments around the perineum.

  Fifth, breathing and meditation classes.

The current implantation of yoga breathing and meditation techniques is harmful and wrong. It is better not to practice.

  Sixth, the close fits the category.

There are more wrong methods than right ones.

  Seven, clean law.

Except for a nasal wash with saline, the rest are not advisable.

The bowel cleansing method, line nasal washing, and cloth lavage are harmful to the human body.

Some tricks of nasal washing with fresh saline water are also not good. Moderate nasal suction and vomiting are sufficient.