Depth-Company-UFIDA (600588): Changes and Changes in Domestic Software Leaders in 20 Years

Depth * Company * UFIDA Network (600588): 20 years of domestic software leader changes

On a 20-year scale, UFIDA has maintained a high pace of industry growth, as a leading and model enterprise software, a fully existing replacement.

The industry has ushered in the historical opportunity of cloud and localization, and harvested another 6 for the company?
7 years of high growth opened the window.

Cloud services are at an inflection point, and the industrial and financial landscape is slowly opening.

Maintain BUY rating.

The main points of the support level are 20% CAGR in 20 years, and the software industry is a model.

The company is a domestic first-class enterprise that has grown with the growth of the Chinese software (especially enterprise software) industry. 2001?
In the past 20 years in 2018, it achieved a compound annual growth rate of more than 20% in revenue and a net profit CAGR of 14%.

In the field of ERP software, the company’s market share is about 1/3, ranking first; even depending on the income of the entire Chinese software industry, the company’s share has remained at 2?
5 ‰ level, and the growth rate remained highly consistent.

Therefore, the company is recognized as a recognized model enterprise in the software industry.

The double overlap of cloudization and localization facing the software industry.

Based on the characteristics of the model, the company’s investment logic is shaped by industry logic.

China’s software industry is in a period of overlapping historical opportunities: cloud and localization.

The former is a major trend in the global software industry, from the rise and verification abroad, to the domestic flowering and landing.

Singlely open the exclusive window for domestic enterprises-let alone basic software, and even in the high-end ERP field, 60% of the shares are replaced by overseas products, and the localization rate in chemical, life sciences and other fields is less than 10%.

The opening of the localization of Huawei’s industrial chain marks the opening of the ceiling.

The turning point of cloud transformation is fully realized, and the next round of high-growth 杭州夜网 growth is on the horizon.

Entering the phase of cloud revenue explosion by 2016: 2016?
In 2018, cloud service revenue increased by 34%, 250% and 108%, and 19H1 cloud revenue accounted for about 14% of the overall, which was at the inflection point of the curve.

According to the budget, with a CAGR of 20%, the company’s high-growth stage is expected to continue for another 6?
More than 7 years.

Estimated expected company 2019?
Net profit in 2020 is 8.

700 million, 11.

0 billion and 15.

100 million, corresponding to 0 EPS.

35 yuan, 0.

44 yuan and 0.

61 yuan (up 10% based on the high increase in cloud revenue).

Under the segment budget framework, there is still room for market value flexibility and we maintain a BUY rating.

Major risks facing rating industry decline; manufacturing boom surpasses expectations

Yunda shares (002120): 2018 net profit increased by 62.83% cost advantage is increasingly prominent

Yunda shares (002120): 2018 net profit increased by 62.83% cost advantage is increasingly prominent
The company released the 2018 performance report: the company achieved revenue of 138 in 2018.28 ppm, an increase of 38 in ten years.48%; operating profit 35.64 ppm, an increase of 63 in ten years.85%; total profit 34.9.4 billion, an annual increase of 62.83%; net profit attributable to mother 26.60 ppm, an increase of 67 in ten years.34%. The market share in 2018 increased by 2pcts to 13.77%, the average volume growth rate exceeds the industry average. According to the company’s monthly operating data statistics: In 2018, Yunda completed 69 express delivery volume.8.5 billion pieces, an increase of 48.74%, higher than 26 for the entire industry.6% market share from 11 in 2017.78% increased to 13.77%; Express single ticket income1.73 yuan, down 11 before.64%; Express delivery income 120 at the beginning of the year.5.2 billion, an annual increase of 31.43%, higher than 21 in the industry.81%. Costs are well controlled, and the net profit after deducting non-attribution is expected to increase by 35.7% of the companies sold Fengchao in 2018 and obtained a one-time after-tax income of about 4.400 million pixels increased thick net profit, and the income was entered in the table in 18Q3.Assuming that the non-recurring profit and loss of 2018Q1-3 is excluded from the previous net profit of the parent, the company’s net profit in 2018 increased by 35 compared with the net profit of non-homing in 2017.65%, slightly lower than the revenue growth rate of 38.48%, reflecting that the company still maintains continuous cost control advantages. 18Q4 volume increased by 1 compared with the previous month.47 pieces, the price drop was narrower than the previous month.79pcts 2018Q4 single season, Yunda achieved revenue of 45.800,000 yuan, an increase of 45.56%; Express delivery volume 22.2.2 billion pieces, an increase of 46.86%, single ticket income 1.80 yuan, down 8 per year.56%, net profit attributable to mother 6.7.9 billion yuan, an increase of 64.twenty four%.Looking at the trend, Yunda’s Q4 unit price decline was narrower than Q3.79 cases, and the business growth rate increased by 1.47pcts. Investment suggestion: leading in the industry in terms of volume and profit growth, cost control advantages are expected to continue to expand. The company’s express delivery volume growth rate is leading its peers, and the scale effect is expanding the network moat. At the same time, the company’s cost management level is excellent. Against the background of increasing industry price competition,The company’s profit growth rate remained high.We are optimistic about the company’s outstanding advantages in cost control. It is expected that the company’s express delivery volume growth rate will be 49% / 36% / 30% in 2018-2020 (actual value in 2018), and revenue growth rates will be 39% / 26% /25%, comprehensive cost expenses are expected, the company’s 2018-2020 net profit 佛山桑拿网 will be 26.68/25.62/29.26 trillion, annual change +67.9% /-4.0% / + 14.2%, corresponding EPS is 1.56/1.50/1.71 yuan.Corresponding to the current market price, PE is 23 respectively.31x, 24.27x, 21.26 times.Considering that excluding the impact of non-recurring gains and losses, the company’s net profit growth rate in 2019 is still only over 20%. Combined with the valuation of comparable companies, we believe that the company’s reasonable PE in 2019 is 25 times and the corresponding reasonable value is 37.5 yuan.Give “overweight” rating. Risk warning: price wars intensify; labor, transportation costs increase; industry growth is slower than expected

Jin Shiyuan (603369): Performance meets expectations Expected development battle in 2020

Jin Shiyuan (603369): Performance meets expectations Expected development battle in 2020

This report reads: The performance in 2019 is in line with expectations. In 2020, it will continue to focus on the systematization of core single products, dual driving of brands and channels, expand the new pattern of nationalization of accelerated development of brands outside the province, and strong growth momentum.

Investment Highlights: Maintain Overweight rating.

The brand + channel two-wheel drive successfully completed its goals in 2019, and the achievements of single product construction and structural upgrading were prominent. The structure was optimized in 2020, the pace of expanding the country continued, and the momentum of high growth continued.

Maintain EPS 1 for 2019-2021.

16.1.

45, 1.

86 yuan, with reference to the average assessment of the industry to give 28XPE in 2020, raise the target price to 40.

5 yuan (previous value was 37.

7 yuan).

The performance was in line with expectations and the goal was successfully achieved.

The company announced the 2019 annual results pre-announcement and expects to realize net profit attributable to mothers in 201913.

81?
14.

96 ‰, ten years + 20%?
30%, corresponding to a single quarter growth rate of -28% in 2019Q4?
66%; deduct non-net profit 13.

32?
14.

430,000 yuan a year + 20%?
30%, corresponding to the single quarter growth rate of -42% in 2019Q4?
67%.

The expected target has been completed in 2019, and the final net profit is expected to be close to the upper limit of the forecast value.

Based on strategic single products, optimize product structure and maintain high growth trend.

In 2019, the company’s revenue is expected to be + 30% ahead of schedule, corresponding to a quarterly growth 都市夜网 rate of about 29% in Q4. Among them, the growth rate of special A products exceeded 40%, which further increased the proportion.

In 2019, the company’s three major strategic brands accounted for more than 90%, and the effect of setting a large single product is prominent. It is expected that the price increase will be achieved in an orderly manner in 2020, the product matrix will be further systematically managed, and high-end potential energy will be promoted to maintain.Gold card bit.

To speed up the nationalization process, the brand + channel will be driven by two wheels.

In 2020, brand-first, channel-driven, closely linked to brand characteristics and consumption scenarios to strengthen channel construction, and gradually control the cancellation of cancellation of product promotion promotion, and introduce “price-control 都市夜网 profit sharing”.

The company’s total provincial share is expected to be 7%, and its development momentum is expected. Among them, key A-type markets are expected to achieve high growth of 65-70%. In 2020, intensive cultivation in the province and breakthroughs outside the province will work in concert to increase growth. It is worth looking forward to.
Risk factors: downside risks to the macro economy, increased industry competition, etc.

Shenneng Shares (600642) Semi-annual Report Comment: Both Power and Oil and Gas Are Good

Shenneng Shares (600642) Semi-annual Report Comment: Both Power and Oil and Gas Are Good

Investment highlights: The company released its semi-annual report for 2019, which reported operating income of 195.

8.2 billion, an annual increase of 8.

83%; Net profit attributable to shareholders of listed companies.

9.6 billion, an annual increase of 41.

96%.

Ping An’s view: Q2’s power generation decreased, and the overall performance in Shanghai expanded. Regional average: 1H19 Shanghai’s electricity consumption exceeded 0 and fell.

2%; the reduction in electricity demand and the increase in 杭州桑拿 external hydropower led to a decrease in the output of local units by 10.

3%.

Every 1H19 of the company’s power generation decreases.

7%, of which the decline in the second quarter of 19 was 7.

5%; in the first half of the year, the generating capacity of Shanghai-based units decreased by 4% year-on-year.

8%, a drop of less than half of the Shanghai average; even excluding the increase brought by some supplementary components, power generation can only fall by about 6.

9%, the same constant Shanghai average.

Revenues from the two major power and oil and gas sectors continued to increase gross margins: In the first half of the year, the company’s power and oil and gas main business revenues increased by 10.

1%, 23.

7%, gross profit margin increased by 2.

73, 0.

11 averages.

Taking into account the first 南京桑拿网 half of the year, the amount of online electricity fell 2.

At 0%, the on-grid tariff including tax is basically the same. The increase in the revenue of the power sector is mainly due to the increase in gas capacity tariff revenue and the 3% reduction in the on-grid tariff retained earnings.

Pingshan, Wu Zhong turned losses into profits, investment income steadily increased: due to the downward pressure on coal prices to improve the cost side pressure, the company in Anhui’s Pingshan Phase I achieved a net profit of 17.02 million yuan in the first half of the year, successfully turned losses into profit;Thermoelectricity has basically achieved breakeven.

Most of the other coal-fired power companies that have participated in the company also realized profit growth, which increased the company’s investment income.

Investment suggestion: Although the company contributed to the division of the Shanghai unit in the first half of the year, it still needs the average level in some areas.

Improving adjustments and the decline in the price of electricity and coal have helped to increase the profitability of the company’s two main businesses, electricity and oil and gas.

Based on the results of the fixed increase, adjust the company’s EPS forecast variable for the year 19/20/21 to zero.

48/0.

62/0.

67 yuan (previous value was 0.

51/0.

66/0.

72 yuan), corresponding to the closing price of PE on August 23 were 11 respectively.

9/9.

2/8.

5 times, maintaining the “recommended” level.

Risk reminders: 1) Use hours decrease.

As one of the pillars of the operation of the national economy, the power industry is subject to changes in the relationship between supply and demand over a longer range, which will affect the macroeconomic operating state, which will directly affect the utilization hours of power generation equipment.

2) Reduced on-grid electricity prices.

The policy of lowering the sales price of electricity by the downstream users may shift to the upstream generating side, resulting in a reduction in on-grid electricity prices; through the advancement of electricity reform, the scale of electricity marketization transactions is continuously expanding, which may lower the average on-grid electricity prices.3) Coal prices have risen.

Progress in the release of high-quality coal production capacity is lagging behind, and safety supervision and environmental protection and production restriction have further suppressed coal production and supply, making it difficult to effectively control the price of thermal coal

Foster (603806): Photovoltaic film volume and price rise, new materials business volume can be expected

Foster (603806): Photovoltaic film volume and price rise, new materials business volume can be expected
1.Event company announced the first three quarters of 2019 results announcement, the company achieved revenue of 45.910,000 yuan, an increase of 34 in ten years.60%; net profit attributable to mother 5.92 ppm, an increase of 70 in ten years.80%.Q3 company achieved revenue of 16.12 ppm, an increase of 31 in ten years.93%; net profit attributable to mother 1.0.94 million yuan, an increase of 58 in ten years.98%. 2.Our analysis and judgments Q3 photovoltaic film business is trending better, achieving both volume and price.The business climate of the photovoltaic industry in Q3 2019 declined slightly, but with the company’s capacity expansion and product structure optimization, the photovoltaic film business is trending better.The sales volume of the company’s photovoltaic film in Q3 20191.9.2 billion square meters, an increase of 30 every year.17%, an increase of 21 from the previous month.85%; average sales unit price 7.52 yuan / square meter, previously increased by 4.30%, an increase of 0 from the previous month.94%.Driven by the rising volume and price of photovoltaic film, the company’s photovoltaic film business in Q3 2019 achieved revenue of 14.42 trillion, an increase of 35 per year.89%, an increase of 23 from the previous month.02%, strong growth. Unit prices for backplane sales continued to fall.Affected by the increase in double-sided glass penetration and intensified competition in the backplane industry, the company’s backplane business was under pressure and achieved revenue in the third quarter of 20191.28 ppm, a decrease of 2 per year.30%, down 17 from the previous month.25%.Among them, backplane sales were 1230.350,000 square meters (-14 ring.59%), with an average selling price of 10.39 yuan / square meter08%), both volume and price fell. The gross profit is higher than the moisture content and the cost is well controlled.The company’s overall 北京桑拿洗浴保健 gross profit margin in Q3 2019 was 20.19%, an increase of 0 every year.A total of 41, down slightly from the previous month.The 40 averages are mainly affected by the backplane business.The company’s overall expense ratio for the first three quarters of 2019 was 6.91%, a decrease of 0 every year.33 points.Among them, R & D, sales, management, and financial expense ratios are 3 respectively.32%, 1.77%, 1.58%, 0.24%, respectively change -0.38pct, +0.06pct, -0.15pct, +0.14pct, good overall cost control. It is planned to issue convertible bonds to raise funds of no more than 1.1 billion US dollars to expand the field of high-end photovoltaic films and new materials.On June 28, 2019, the company’s application for convertible bonds was reviewed and approved by the issuance review committee of the Securities and Futures Commission. The funds raised for the issuance of convertible bonds does not exceed 1.1 billion, which is mainly used for “annual output 2″.”500 million square meters of white EVA film technology transformation project”, “Project with an annual output of 200 million square meters of POE packaging film (Phase 1)”, “annual output 2.The “1.6 billion square meter photosensitive dry film project” will help promote the company’s photovoltaic film product upgrades and the production capacity of electronic materials, and improve the company’s profitability. 3.Investment suggestion The company is a global leader in photovoltaic film, actively deploying new electronic materials and other businesses, gradually realizing the horizontal extension of the industrial chain, and opening up future performance growth.We expect the company’s operating income to be 65 in 2019-2021.2.8 billion, 78.5.3 billion, 96.2.7 billion, with an EPS of 1.51 yuan, 1.78 yuan, 2.07 yuan, corresponding to the current total PE is 27.2 times, 23.1x, 19.8 times, covering the company for the first time with a “recommended” rating. 4.Risk warnings 1) Risks that the demand for photovoltaic installations is less than expected; 2) Risks that raw material prices fluctuate; 3) Risks that the expansion of new product capacity may not meet expectations

Refrigerators used in summer to prevent refrigerator food poisoning

Refrigerators used in summer to prevent “refrigerator food poisoning”

In the summer, the number of patients with acute gastroenteritis in the hospital began to increase, especially the number of children with minor illnesses soared. Many children developed poisoning symptoms such as diarrhea, vomiting, and fever due to eating food taken directly from the refrigerator.
The doctor emphasized that in the summer, household refrigerators should be cleaned and organized once, food should be stored separately, and it is best to use fresh-keeping boxes made of PC, PE, PP and tempered glass.
  From June to August, there is a high incidence of “refrigerator food poisoning” every summer from June to August, which is a high incidence season of “refrigerator food poisoning” in children.
In summer, the external temperature is high, and the frequency of opening the refrigerator door increases again. The temperature inside the refrigerator cannot be maintained well, and the probability of bacterial reproduction increases. In summer, the frequency of children taking food from the refrigerator also greatly increases.
The temperature of the refrigerator freezer is generally between 0 ° C and 7 ° C. This temperature has a significant inhibitory effect on the proliferation of most bacteria, can delay the time of food deterioration, but will not kill the bacteria.
Among them, some bacteria that like the cold environment, such as E. coli, typhoid bacteria, and Staphylococcus aureus, are still active in the refrigerator. They continue to multiply and accelerate food deterioration.
In addition, raw food, even when placed in the refrigerator, will continue to metabolize, producing toxic metabolites.
  Some children’s snacks can be stored in the refrigerator without storing all the food. After buying, it is best to sort and treat them separately, and then put them in the refrigerator after packing and sealing.
  In addition, different foods have suitable storage temperatures, and foods of the same storage temperature should be put together.
She exemplified: meat, such as pork, beef, should be stored at -18 ℃, if refrigerated at -2 ℃ ~ 5 ℃, meat can be stored for up to a week; green vegetables should be kept at low temperature (not lower than0 ℃) Environment preservation. The optimal storage temperature for cabbage, celery, onion, carrot and so on is about 0 ℃; the optimal temperature for storing potatoes is 2 ℃ ~ 4 ℃, and the suitable storage temperature for cucumber, eggplant, and tomato is 7 ℃ ~Between 10 ° C, pumpkins are suitable for storage above 10 ° C. The optimal temperature for storing sweet potatoes is above 15 ° C. The storage temperature for bananas is about 13 ° C. The storage temperature for oranges is 4 ° C to 5 ° C;1 ℃ ~ 4 ℃; mango is 10 ℃ ~ 13 ℃; papaya is 7 ℃; litchi is 7 ℃ ~ 10 ℃, so bananas, mangoes, litchis, tomatoes, cucumbers, bread, etc. should not be stored in the refrigerator.
These are also snacks that children love to eat, and you can buy them fresh in small quantities each time. Do not put them in the refrigerator.
  Do not use PVC food preservation film. Food preservation requires three factors, temperature, humidity, and gas.
Putting food directly into the refrigerator guarantees temperature, but not humidity and gas.
Zeng Jing advised parents not to keep food in ordinary plastic bags. “Many plastic bags and plastic containers are not food-specific. For example, PVC food cling film is very harmful to the human body because of its ingredient ethylhexylamine (DEHA)It is easy to precipitate, and after entering the human body with food, it has carcinogenic effects and endangers human safety.
“It is best to use high-quality fresh-keeping boxes for refrigerator-packed food to avoid cross-contamination and reduce the possibility of infection.
When choosing a preservative box, pay attention to confirming the materials used in the preservative box. Select preservative boxes that are harmless to the human body such as PC, PE, PP, and tempered glass.
At the same time, it is recommended to choose transparent and translucent materials. You can easily confirm the contents of the box without opening the box when using it.

Take the cup with your desire

Take the cup with your desire

If you attend a banquet, when the waiter brings you juice and the cups on the tray have different amounts of juice, which one will you choose?

  1. Empty cup, ready to pour.

2, 1/2 cup.

3. Seven full.

4, full.

  Test result: Choice 1: You are a person with a strong desire for money, but you often figure out how much money you have, so you are a poor person who is very profitable.

  Choice 2: You are a very cautious person, so you are also cautious about handling money, so you are a person who does not have a strong desire for money.

  Choice 3: You are a person who can stay awake in everything. You have a strong self-control ability and do not easily conduct dangerous money transactions. Therefore, you are a strong desire for money and a good control.

  Choice 4: You are a very greedy person, and you want to have a panoramic view of everything. You are extremely greedy with money, and have strong desire.

Make father dependent

Make father dependent

I was watching TV, and my father said that his eyes were uncomfortable, so I asked him to take a look.

I whispered while wearing my clothes: “After all, I have a day off and I have contributed to you.

After speaking, he looked up and found that his father was lonely, and he was startled with a guilty gulp. He quickly stopped and followed him out.

  When he arrived at the hospital, the doctor was responsible for the examination: “How come now?

A lot of conjunctival stones have grown, how uncomfortable this is!

“I glanced over to see that there were small yellow and white dots of different sizes in the eyelids, which caused shock.

  The stones were to be picked with a needle, but my father looked at me with a little fear in his eyes.

So I followed into the treatment room.

Watching him lie down, I comforted softly: “It’s okay, this is not a big problem, just bear with it for a while, just fine.

“The nurse was working carefully. I held my father’s hand, and my father broke his tibia slightly from time to time, and endured the pain in silence.

I looked at my father and suddenly realized that he was really old. Although he was still very well dressed, he could not carry a camel, and spoke very mentally.

But the father lying on the bed at this moment depended on me like a child.

Think about it, when did my father start to depend on me?

  I watched TV and he stood by until it was a show that he was not interested in.

Give him the remote control, but always do n’t. Over time, I will be rude, pick my favorite channel to watch; I go online, he occasionally gives me snacks or favorite orange juice, and sometimes moves a stoolSitting next to me, he asked me to click on the news with interest; I went to work, not far from the unit, and my father would cook at home.

His cooking is so good that he will always be content to watch me eat up all the food; occasionally I go out to party and play. No matter how late I return, my father will wait for the door. I grew up, worked, and started to have my own appointment, so I annoyed my father to control me.

How many times have I taken my father for granted, and my father is now in front of me, as if I was in front of him when I was a kid.

Suddenly I felt infinite regret.

My father, who was once tall and mighty, has experienced many vicissitudes, but now he is old.

  I was thinking that my father had sat up and had finished picking.

I crouched down and helped my father put on shoes. I could see that he was happy.

On the way home, I was holding my father’s realm, just as I was a child many years ago, walking in the street with my tall father.

Looking at his father’s happy appearance, he secretly said to himself that he must think more about his feelings in the future so that he can rely on his daughter who has grown up.

Tips to make your baby love vegetables in spring

Tips to make your baby love vegetables in spring

In the spring, there are always fresh vegetables on the market, but the “green” foods made by mothers are not moved.

  My baby is two years old and prefers meat instead of vegetables.

  -Tongtong mom My baby refuses fruits and vegetables and only likes snacks and McDonald’s.

  -Xiaofen “My baby is five years old, and I have to cheat every time to eat vegetables, which is a headache.

-Come on, obedient mother. In this spring, our tricks make babies like to enjoy the gift of nature and absorb fresh nutrients.

  Many babies have an anorexia habit, and vegetables are many of them.

However, vegetables are rich in vitamins and nutrients, and many parents will be troubled because their baby does not like vegetables.

Here are 4 tricks for parents.

  1.

Make vegetables a healthy salad.

  Don’t make monotonous stir-fried vegetables. Mix other vegetables with ginger, soy sauce, rice vinegar, cooking wine and sesame oil to make a vegetable salad and change the taste. Baby may like it.

  2.

Decorate the gradient with green.

  Add some tomato slices or lettuce to some meat dishes such as roast beef, which not only embellish the thin slices, but also increase the flavor of roast beef. You can pretend to grab the few slices of lettuce with your baby.

  3.

Try new flavors.

  According to the analysis of nutritionists, many people do not like to eat vegetables because they are tired of the taste of vegetables they often eat and do not know how other vegetables taste.

The nutritionist introduced his experience: “As long as you try to eat some vegetables that you have never tasted, you may like the taste, or you may become addicted.

“So, go to the grocery market and choose those vegetables that you usually eat less, because the baby also likes new ideas.

  4.

Enrich vegetables.

  When you mention vegetables, do you have a monochromatic choice in your mind: broccoli, spinach . everything is green.

But in fact, vegetables are also colorful, with red, yellow, purple . Vegetables of each color can add new vitamins and minerals to the table.

In cooking, you can mix carrots, sliced lean meat and green peppers together and stir-fry. It can be served on the plate, which will cause the baby’s appetite.

The best scheduling for the elderly is not suitable for morning exercise.

The best scheduling for the elderly is not suitable for morning exercise.

The ancients liked to “smell the chicken and dance”, and today people love to get up early in the morning.

But health experts believe that morning is not the best time for exercise, especially for the elderly, not only the fitness effect is difficult to guarantee, but even harmful to health.

  First, the morning is when the liver has the lowest sugar content.

Older people exercise at this stage, and the sugar that is the energy of exercise will be mainly relied on the decomposition of supply.

As impurities continue to enter the bloodstream as an energy source, the concentration of free fatty acids is greatly increased because the body cannot effectively utilize the free fatty acids.

Older people with reduced myocardial activity, the toxicity caused by excess fatty acids, often lead to arrhythmia, and even cause cardiogenic shock, and then life-threatening.

  Second, clinical medical research found that the incidence of morbidity at 9 am is three times higher than at 1 pm, and hours after getting up in the morning is the peak of high blood pressure.

Morning exercise is very unfavorable for patients with coronary heart disease and hypertension, and patients with these diseases are mostly concentrated in the elderly.

  Third, due to the phenomenon of physical functioning in the elderly, the muscles, limbs and other sports organs are still in suspension for a short period of time in the morning, the heartbeat and breathing are slow, the body’s metabolic level shifts, and the sensitivity of the body reaction isThe help of the action is difficult to suddenly mention a higher level.

Exercise at this time is not a bad effect, but it is also easy to cause falls, bumps, sprains, etc., and hurt the body.

  Fourth, outdoor fitness needs to make full use of air temperature, airflow and other characteristics to treat diseases and enhance physical fitness.

In the early morning, the atmosphere is relatively static, and various exhaust gases are not easy to spread. It is a serious schedule of air pollution in one day, especially for elderly people with weakened immunity.

  Experts from the Guizhou Institute of Sports Science suggested that according to the human body clock rhythm, the best bid for the elderly exercise is around dusk in the afternoon.

At this time, a small number of people’s physical strength, response, adaptability, etc. are in an optimal state, the body’s sugar content increases to the highest peak, exercise does not produce energy metabolism disorders and overloading of organ functioning.