Antarctic e-commerce (002127) company review: layout offline attempts to build a Chinese version of COSTCO

Antarctic e-commerce (002127) company review: layout offline attempts to build a Chinese version of COSTCO

Event: Antarctic e-commerce announced on December 13, 2019, in order to optimize the company’s business layout, the company plans to invest in the company with the shareholding platform of the core team of the offline retail project and Mr. Zhang Yuxiang and Ms. Zhang Yun.

Among them, Antarctic e-commerce, partnership, Zhang 深圳桑拿网 Yuxiang, Zhang Yun contributed 40 million yuan, 30 million yuan, 20 million yuan, and 10 million yuan respectively, and the shareholding ratios were 40%, 30%, 20%, and 10%.

It focuses on cost-effective new domestic goods grocery stores and draws on the advantages of retail companies such as Costco.

  1) Goods: Since the company’s online channels have been committed to becoming a mass home lifestyle brand, the 19H1 authorized categories have covered 320 sub-categories, so for offline grocery stores, we believe that Antarctic e-commerce will also include large textiles.Household, electronics, small household appliances, food and other categories are expected to be dominated by Antarctic e-commerce’s relatively strong large textile products in the early stage.

  2) Price: We believe that the products are still mainly cost-effective, and the retail markup rate is not expected to be high.

Cooperate with high-quality supply chain, take offline retail monopoly as the channel, use the difference in sales income and consumer-end membership fees as the source of profit, and do not bear the risk of inventory.

  1) Inventory risk: We expect a model similar to the main brand of Hailan House, and the cooperation factory will bear the inventory risk.

  2) Store opening model: We expect that the joint venture company will mainly open stores directly in the early stage. Explore the store opening model. When the model matures, it may increase the joint venture or direct sales model.

  3) Store situation: We expect to focus on business districts (including shopping malls, pedestrian streets, etc.) with relatively high traffic, and the first store is expected to open in the second half of 2020.

  4) Profit model: We expect the company to adopt a membership model similar to COSTCO, with the difference in sales income and consumer-end membership fees as the source of profit.

Impact on the performance of listed companies 1) In the short term, the investment in the business start-up period is large, and the return period is prolonged, which will have a certain adverse impact on the indicators such as the profit margin and net profit of the consolidated caliber (it is expected to have little impact), but it willPlay a positive role in the company’s financial position and operating results.

  2) The company has strong trial and error capabilities.

Air Force companies have also discussed IP-licensed products, logistics parks, and other models, but will quickly shrink related businesses when they find it difficult to make a profit.

The company’s main business has maintained rapid growth, the quality of reports has continued to improve, and the overall expected growth has continued. It is recommended that the company’s GMV growth rate always maintain rapid growth. It is expected that the GMV growth rate will exceed 50% and can achieve the 30 billion target.It has been a big year to reduce holdings for 3 years after the backdoor listing. It is expected that the pressure to reduce holdings will be greatly reduced in 2020. In addition, since the company’s listing, information disclosure has become more transparent, time is interconnected, factoring business quality has gradually improved, and the impact of listed company performance has gradually weakened.The Antarctic e-commerce main business corresponds to only 19 times in 2020, and the company’s equity incentive target for 2019/2020/2021 is 40%, 30%, and 30% of the main business net profit growth target, which is currently estimated to be the highest, and continues to be recommended.

  Earnings forecast: We maintain our expected earnings forecast. We expect the company’s overall revenue for 2019-2021 to be 43.
.

9.8 billion, 54.

03 billion, 64.

93 ppm, with annual growth of 31.

16%, 22.

86%, 20.

18%; the company’s expected net profit attributable to the parent is 12, respectively.

06 billion, 15.

7.3 billion, 20.

47 ppm, an increase of 36 per year.

07%, 30.

38%, 30.

14%.

The company’s EPS for 19-21 is expected to be 0.

49/0.

64/0.

83 yuan corresponds to PE22.

00/16.

87/12.

97 times.

  Risk reminder: service fee rate drops, platform rules change, accounts receivable risk, and offline channel development is less than expected.

Taiji shares (002368): business transformation orderly advances ample orders to promote steady growth

Taiji shares (002368): business transformation orderly advances ample orders to promote steady growth

The third quarter of 2019 results are in line with our expectations of the third quarter of 2019 results announced by Taijidi shares: operating income increased by 32 per year.

3% to 15.

71 trillion; gross profit increased by 25 in ten years.

2% to 3.

82 ppm, gross margin decreased by ten in ten years.

4 excellent to 24.

3%, a month-on-month increase of 1.

6 single; net profit attributable to mother increases by 10.
.

6% to 54.7 million yuan, in line with our expectations.

  The development trend has deepened the advantages of the government affairs cloud field, and abundant orders have driven steady revenue growth.

The company’s revenue in the third quarter increased by 32 each year.

3%, the company’s business maintained steady growth.

Due to the company’s performance constraints, the pace of revenue recognition accelerated in the second half of the year.

The company’s contract value has maintained rapid growth, and we estimate that the contract value of businesses such as network security, autonomous controllability and the People’s Congress gold warehouse database increased by more than 50%.

Taiji continues to maintain its leading edge in the government cloud field, deeply cultivating the Beijing-Tianjin-Hebei region; at the same time, expanding the development potential of transportation, medical and other fields.

Tai Chi takes network security and self-control as the main development direction, and actively strengthens cooperation with system equipment vendors (such as Huawei, Shuguang, Inspur), consolidates its platform 合肥夜网 advantages, and becomes a core service provider.

We believe that the network security and autonomous and controllable industries are in a period of rapid development, and the company’s business is striving to gain momentum and achieve sustained and rapid expansion of its business.

  Business innovation continues, and smart applications are expected to flourish.

In terms of corporate cooperation, the company also continues to develop high-quality customers. On the independently developed TECO industrial Internet platform, it has continued to deepen cooperation with leading companies in various industries. This year, it established a joint innovation laboratory with Huawei to further focus on finance, manufacturing, energy, etc.To create a multi-level industrial ecology in the field, we believe that the company is expected to replicate the advantages of government affairs in the enterprise side and build a new growth engine.

  New business is developing rapidly, and cost control keeps pace.

In the third quarter, the company’s cost control showed initial results. The sales expenses were in line with the growth rate of operating income, and the sales expense ratio remained flat each year. The management expense ratio and research and development expense ratio fell slightly each year.

We believe that the company will continue to increase investment in new business development, including cloud, network security, database, etc .; the company issued convertible bonds in the third quarter and raised $ 1 billion for new business development.

We believe that the cloud, database, and network security markets have maintained rapid growth. The company’s continuous research and development breakthroughs will consolidate its technological leadership and achieve sustained and steady growth in orders.

We expect that new business with higher-level gross profit can be expanded and accelerated, and with orderly rate control (purchasing process reform, sales channel reform), the company’s profitability may show a steady improvement.

  Earnings forecasts and estimates remain unchanged from 2019/2020 earnings forecasts.

Currently leading trades at 36.

5 times price-earnings ratio.

Maintain Outperform industry rating and target price of 34.

00 yuan, corresponding to 39.

4 times the 2019 P / E ratio, compared with the recent inclusion of 7.

9% upside.

  The risk cloud business transformation was worse than expected.

Zhongsheng Pharmaceutical (002317): R & D pipeline steadily advances with Aier to strengthen ophthalmology

Zhongsheng Pharmaceutical (002317): R & D pipeline steadily advances with Aier to strengthen ophthalmology

Events: (1) The company recently released the 2019 third quarter report, reporting a series of total realized revenue6.

13 ppm, an increase of 11 in ten years.

66%; net profit attributable to mother 0.

6.6 billion, down 13 each year.

06%; net profit of non-return to mother is 0.

61, down 13 each year.

54%.

(2) The company recently signed a strategic cooperation framework agreement with Aier Ophthalmology. The two parties intend to carry out in-depth cooperation in the fields of ophthalmology medical care, ophthalmology investment, ophthalmic drug research and development, and ophthalmic drug promotion.

Comments: 1.

The optimization of the marketing system has led to an increase in selling expenses.

The company’s 2019Q3 operating income increased by 11.

66%, net profit after deducting non-attributed mothers fell by 13.

54%.

The decrease in net profit after deducting non-return to mothers was mainly due to the increase in sales expenses brought about by the optimization of the marketing system (+0.

5.5 billion, +27.

35%).

The report summarizes that the company has increased the development, coverage and promotion of core diversity in primary hospitals and pharmacy terminals.

This increases selling expenses in the short term, but will have a positive impact on the company’s performance in the long term.

In addition, the reporting group company increased the investment in various R & D pipeline projects, and the R & D expenses also increased.

2.

Deeply cooperate with Aier Ophthalmology to strengthen the advantages in the ophthalmology field. Ophthalmology is the company’s traditional advantage field. It has the fist products Fufang Xueshuantong capsule, Mingmu Dihuang capsule and six eye drops.

On 杭州夜生活网 this basis, the company has actively deployed research and development of innovative ophthalmic drugs in recent years, and has launched a number of projects such as ZSYM011, atropine sulfate eye drops.

The establishment of in-depth cooperation with Aier Ophthalmology this time is conducive to concentrating high-quality resources on both sides and helping to make ophthalmic drugs bigger and stronger.

① The clinical resources assisted the company’s new drug research and development company to deploy multiple projects in the ophthalmology field, of which ZSYM011 is a supplementary cooperation project with WuXi AppTec in the first half of this year, and the indication is diabetic retinal macular edema (DME).

In addition, the company also deployed atropine sulfate eye drops to delay the progression of myopia in children. 杭州评茶阁 It is used to treat cyclosporine eyes in adults with severe keratoconjunctivitis over 4 years of age and adolescents with dry eye disease who are not treated with artificial tears.Use milk.

This cooperation will help the company leverage the drug efficacy evaluation and clinical development experience of Aier Ophthalmology, and rely on Aier Ophthalmology’s medical resources to promote the collaborative development of innovative ophthalmic drugs.

② More than 300 outlets support volume of products. According to the reported cooperation framework agreement, Aier Ophthalmology has incorporated the company’s ophthalmic products into the basic drug catalog of its hospital.

Aier Ophthalmology has more than 300 ophthalmic medical outlets, with 5.74 million outpatient visits in 2018.

This cooperation will provide strong market support for the academic promotion of the company’s products and patient education.

规模,这将为公司既有产品打开巨大增量空间;缩小,在爱尔眼科300家网点和公司自身强大的眼科销售团队的双线推广下,眼科创新药获批后将实现迅速放量 ③眼科The current layout of the medical service subsidiary or selling company in the field of ophthalmology includes Allied Ophthalmology, Xuancheng Eye Hospital and so on.

Aier Ophthalmology intends to purchase 100% equity of Zhanjiang Orient Optical Center Co., Ltd. and 80% equity of Xuancheng Ophthalmic Hospital Co., Ltd. by issuing shares and paying cash.

The acquisition is conducive to the company’s more professional development, and the company will also enter and merge into Aier Ophthalmology, further facilitating the in-depth cooperation between the two parties.

3.

The research and development of innovative drugs has been progressing steadily, and the company’s future growth can be expected. Since the start of new drug research and development cooperation with WuXi AppTec in 2015, the company has successively launched 12 innovative drug research and development projects.

In addition to ophthalmology, we have also focused on liver disease, respiratory diseases, and tumors.

While the cooperation projects have been continuously enriched, research and development progress has also been steadily advanced.

① One of the key pipeline varieties developed by the company-Influenza A drug ZSP1273 ZSP1273 is the first clinically approved influenza A virus RNA polymerase inhibitor in China.

Its target of action is novel, and existing clinical data show that anti-influenza virus activity significantly breaks through similar foreign clinical studies, and is expected to become the best drug in the field of influenza A.The project was conducted by Academician Zhong Nanshan as PI, and Phase II clinical trials have been launched in August 2019.

② The company’s second key pipeline of the company’s research and development-the new non-alcoholic minority hepatitis (NASH) drug ZSP1601. The drug has a novel target and is the first NASH drug approved in China. It has now entered the phase II clinical stage.

The prevalence of non-alcoholic rare liver (NAFLD) in the average adult in the country is about 25%, of which about 10%?
20% is NASH, but there are currently no approved NASH treatments worldwide.

In addition to ZSP1601, the company also tracks the layout of leading foreign phase III clinical trial targets.

The company’s NASH drug research and development leads the country and is expected to gain a first-mover advantage in this huge target market.

Profit forecast and investment grade: The company continues to increase R & D investment, actively seeks model breakthroughs, and is driven by R & D innovation, and future growth is expected.

The company is expected to achieve revenue of 26 in 2019, 2020 and 2021.

01, 28.

02 and 31.

4.0 billion, net profit attributable to mothers is expected to reach 4.
.

73, 5.

24 and 5.

720,000 yuan, EPS is 0 yuan.

58, 0.

64 and 0.

70 yuan, the current expected corresponding estimate is 17.

77, 16.

04 and 14.

71 times, maintaining the “recommended” level.

Risk warning: risk of drug price reduction; risk of new drug development.

Collision (603808) Company Research: Inventory Accumulation Delays Q3 Results

Collision (603808) Company Research: Inventory Accumulation Delays Q3 Results

Income / net profit attributable to mothers / deductions were increased by 8 respectively.

57% / 2.

62% /-7.

9%.

From January to September, income increased by 8.

57% to 18.

8.5 billion, net profit attributable to mothers increased by 2.

63% to 2.

7.5 billion; of which Q3 revenue fell by 5.

5% to 6.

1.9 billion, net profit attributable to mothers also fell by 20% to 0.

850,000 yuan.

Gross profit margin decreased by 3.

21PCT to 66.

07%, mainly due to inventory processing; sales expense ratio increased by 0.

82PCT to 31%, the management expense rate was the same as the previous year, about 13.

44%; comprehensive economic net interest rate fell by 1.

63PCT to 16.

89%.

The main brand is operating steadily, and IRO’s growth in China is quite rapid.

Main brand revenue 7.

4 trillion, the same increase of 4.

22%, of which Q3 revenue was the same as last year, reaching 2.

At 6.4 billion, the same store of directly operated stores maintained unit growth.

The Q3 terminal store net increased by 11 to 307 (directly operated / joined 165/142).

EdHardy earned 3.

USD 1.5 billion, a year-on-year decrease of 17%, and Q3 terminal stores decreased by 1 to 173.

Laurel revenue increased by 4.

53% to 7.

99 ppm, Q3 added 7 to 47 new stores.

IRO China revenue increased by 181.

53% to 0.

6.2 billion, IRO overseas (excluding China) also increased 11% to 4.

2.5 billion.

VT revenue increased by 153% to 15.56 million yuan, and currently has 14 stores.

EdHardy’s dealer return policy has a short-term impact on changes in performance, and it has acquired IRO to advance its global layout.

At present, the company already has 7 sub-brands such as Colossi / EdHardy / Laurel / IRO / VIVIENNETAM / JPK / self-portrait, with similar positioning, complementary styles, and channel expansion can form a synergy effect.

The average value is reported. The EdHardy terminal is optimized. At the same time, the adjustment of the dealer’s return policy affects the inventory price loss and short-term profit level.The company’s acquisition of IRO’s global business represents important progress in the integration progress of Goris: 1) further integration of IRO’s overseas business and optimization of brand operations; 2) significant overseas expansion of the company’s other brands, which can be used in distribution networks, brand promotionSomething synergistic.

The overall operation is healthy.

The company’s inventory turnover days also fell by 4 days to 233 days; the accounts receivable turnover days also fell by 4 days to 48 days.

Asset impairment loss is 0.

3.4 billion, we judge that it was caused by the impairment of EdHardy inventory.

Q3’s single-quarter operating cash flow was unchanged from the 成都桑拿网 same period last year, about 0.

8.2 billion.

profit prediction.

The company’s endogenous extension, solid performance improvement, multi-brands began to work, high-quality brand echelon coupled with innovative group management mode, optimistic about subsequent growth.

Taking into account the short-term performance impact, adjust the net profit for 2019/2020/2021 to 4.

03/4.

85/5.

59 trillion, corresponding to EPS1.

21/1.

46/1.

68 yuan, corresponding to an estimated 13/11/9 times. Maintain “Buy” rating.

Risk warning: weak consumption due to macroeconomic downturn; weaker than expected franchise performance; low expansion of new brand store expansion.

Huaxia Happiness (600340) Quarterly Comment: Performance Meets Expected Cash Flow Pressure Attempts To Alleviate

Huaxia Happiness (600340) Quarterly Comment: Performance Meets Expected Cash Flow Pressure Attempts To Alleviate

The company released three quarterly reports, and achieved operating income of 643 in the first three quarters.

2 ‰, an increase of 42 per year.

48%, net profit attributable to mother was 97.

500 million, a ten-year growth rate of 23.

71%, rated ROE25.

19%, an increase of 6 per year.

19 PCTs, basically realized the benefits3.

18 yuan / share, an increase of 24 per year.

9%.

  Opinion: The company’s profit margin has increased but the turnover has accelerated. Some costs have been accrued in advance. The company’s revenue growth rate in the first three quarters has increased significantly from the second quarter, and the gross profit rate has fallen by 5 PCT to 40.

At 4%, the sales and management expense ratios decreased by 1, and 5 PCTs respectively, and the net interest rate fell by 2 PCTs to 22.

1%, in which the revenue growth was mainly due to the accelerated carry-over, the company increased ROE and extended 6.

19 PCT to 25.

19%.

  In the third quarter, the company’s accrued tax increase and tax increase affected net profit, and taxes and additional expenses in the first three quarters49.

600 million US dollars, an annual increase of 112%, greatly exceeding the rate of revenue growth, digesting some costs in advance.

  The budget for advance receipts decreased, but the performance was still maintained. At the end of the reporting period, the company’s book advance receipts were 1350.

20,000 yuan, the ten-year average of 11.

5%, advance payment / operating income is 2.

1, reported a level 1 in the chain.

52, but still guarantee the company’s achievements.

Due to the decrease in advance receipts, the company’s net operating cash for the first three quarters decreased by 395.

500 million, the net profit scale exceeded expectations increased more than 4 times.

Correspondingly, at the end of the reporting period, the company’s inventory on hand was 277.6 billion US dollars, an increase of 9% each year, providing sufficient resources for the subsequent push of goods.

  Affected by financing supervision, the short-term debt repayment temporarily pressured the company’s funds in hand at the end of the reporting period to 420.

30,000 yuan, the funds in hand / (short-term loans + long-term debt due within one year) is 0.

77. Short-term debt repayment capacity is under pressure, with short-term overlap at the end of the period and an expected increase of 350%. Funds in hand are slightly lower than those in the interim report, mainly due to the company’s accelerated construction in the third quarter.

Reported the company’s asset-liability ratio 84.

90%, a decrease of 3 from 19H1.

2 pct; asset and debt restructuring after excluding contract debt was 197%, an increase of 2 from the earlier 19H1.

4pct; from the perspective of the structure of interest-bearing debt, 69% of long-term debt, 31% of short-term borrowing and interest-bearing debt terminated within one year (19H1 is 28%), although the proportion of short-term debt has increased, but from the 西安耍耍网 structure of long-term debtFrom the point of view, the term structure is still reasonable.

In the third quarter, the company was significantly affected by the tightening of financing. After Ping An’s shareholding, the company’s financing advantage was increased, gradually expanding macro liquidity and gradually releasing, and the pressure on funds was eased.

  Investment advice: The company’s performance has achieved stable growth, basically in line with expectations, indicating that the remote replication has achieved continuous, but the industrial new city model has broken through the capital requirements. In the third quarter, due to the financing impact and market environment, the company’s cash recovery has been under pressure.To improve the financing end, we expect the company’s EPS to be 5 in 19-20.

16, 7.

05 青岛夜网 yuan / share, corresponding to the current sustainable PE of 5.

43, 3.

97 times, maintain “Buy” rating.

  Risk Warning: Funds Continue to Tighten, Sales Receipts Are Less Than Expected, House Prices Drop Sharply

Office workers often eat blueberries to relieve dry eyes

Office workers often eat blueberries to relieve dry eyes

In the modern information society, watching the computer and television for a long time and neglecting the eye hygiene has made more and more urban people’s eyes in a state of fatigue.

A health census found that 54% of urban white-collar workers said that they often felt blurred vision, decreased vision, dry eyes and itching.

There are many reasons for this, but excessive use of computers is the most common and direct cause of disease.

Computers commonly used in the office emit rays, and these rays are often uneven and constant, which can easily cause eye fatigue; the constantly changing content on the computer often attracts people’s eyeballs, significantly reducing the number of blinks, which also reduces eyesSelf-protection.

  Blueberry, an internationally popular eye protection recipe. To relieve eye pain and prevent various eye diseases for office workers, in fact, you can try to eat blueberries, and timely supplement the eye nutrition due to excessive use of the eye, which can greatly help dry and tired eyes.

In foreign countries, eating blueberries to protect eye health has become a very popular lifestyle.

  Blueberry is a potential blue replacement of high-grade anthocyanins. Its fruit is almost round, its pulp is delicate, and its sweetness and sourness are moderate.

In addition to sugar, acid and vitamin C, it also supplements anthocyanins, vitamin E, vitamin A, vitamin B1, arbutin, protein and other special ingredients rarely found in other fruits, as well as rich traces of iron, zinc, manganese, etc.element.

Among them, it contains high anthocyanins, which is very helpful for eye health.

Especially the Australian wild bantam blueberry, which grows in the air and has more pure water on the island of Dokdo. It is less polluted, full and clean, and is pure blue from peel to pulp. It is called “sapphire” by Native AmericansIts anthocyanin content is particularly high, which can help regenerate rhodopsin, which has great potential for eye health of office workers.

  Eye fatigue is dry. Try to eat blueberry anthocyanins in blueberries can help to regenerate rhodopsin on the retina.

The human eye can see objects due to the presence of rhodopsin on the retina. Rhodopsin decomposes opsin and retinal chromogenic substances under the stimulation of light, and produces neurotransmitters to the brain, thereby producing vision.

The anthocyanins in blueberries can effectively promote the activation and resynthesis of rhodopsin, thereby improving the visual acuity of the human eye, and also improving vision, which has a good health effect on penetrating computer eyes that are irradiated.

  As an antioxidant, anthocyanins in blueberries can resist the oxidative damage caused by free radicals to lens cells, help the eyeballs restore elasticity, relieve vision loss, and feel relaxed when using the eyes.

At the same time, regular consumption of blueberries can also help to strengthen the elasticity of the microvessels in the eyes, promote blood circulation, maintain normal eyeball pressure, prevent eyeball fatigue, and stay away from dryness and soreness.

  In addition, lutein, carotene, grape seeds, millet grass, marigold, vitamins, EPA and DHA are also good for the eyes. If you take blueberries while supplementing these nutrients, you can improve various eye problems for office workers.

Mental Quality Training Enters MBA Class

Mental Quality Training Enters MBA Class

With the continuous expansion of the MBA enrollment scale, the psychological status of MBA students has received increasing attention.

Psychological tests, expert analysis, interactive games, field expansion . The “psychological quality training” composed of these contents is appearing more and more on the schedules of various MBAs in this city.

  East China University of Science and Technology is out of the halo of the past. This city is the first university in the city to offer this course in the MBA.

Regarding the effect of the course, He Jing, who is about to receive an MBA degree from the school, said, “Change your mindset, change your way of thinking, and get out of the aura of the past.

This is my first class after I arrive in Shanghai.

He Jing told reporters that when he resigned and came to Shanghai to study for an MBA, he thought that “MBA is a magic bag, and he can change everything.” But he gave him a “ruthless blow”: he wanted to find a job while studyingSending it out, like two or three months, is like sinking in the sea; I associate with the seniors and find that their experiences are more brilliant than themselves, “If I go to compete for their position, I will definitely fail.

He said that at the time it felt like it had fallen into a trough, without direction and confidence.

  It’s more than just Jing who knows his strengths and weaknesses and is shrouded by a serious defeat defeat.

According to Huang Lujin, deputy dean of the School of Business and Economics of East China University of Science and Technology, most of the 35 students in the class of He MBA are in this class.

This state makes the hospital worry, how to tap the potential of each person, so that students correctly understand their strengths and weaknesses, has become the key to solving the problem.

  Therefore, psychological quality training came into being.

According to He Jing, as a required course, this course has a total of 20 hours and is divided into two stages.

In the first stage, students analyze each other’s problems and find ways to solve them; in the second stage, they ask the graduated excellent books to “present themselves” to help students clear direction and rebuild self-confidence.

The courses are of various forms, including indoor lectures, sports activities and outdoor development. The farthest trip to Suzhou is to use night climbing to train students’ stress resistance and team spirit.

  Psychology class is not embellished. Ye Bin is the director of the Psychological Counseling Center of East China Normal University and one of the main designers of the MBA psychological quality training course for East China University of Science and Technology.

According to him, psychological quality training is just a collective term, in fact, the focus of each school is different.

For example, the East China University of Science and Technology attaches great importance to communication skills and a positive attitude. Shanghai Jiaotong University focuses on cultivating self-awareness, while Donghua University focuses on stress relief.

However, he also reminded that MBA psychological quality training can not be swarmed.

Some schools now consider embellishment for such courses. There are only half a day to about two days of classes without any pertinence at all, and the effect can be imagined.

Men eat broccoli and coriander to prevent hair loss

Men eat broccoli and coriander to prevent hair loss

Middle-aged men are particularly afraid of losing their hair and feel that “Xieding” will affect their image.

In fact, lifestyle adjustments can help avoid or cause this annoyance.

  Nutrition research has proven that broccoli, celery, and coriander have anti-androgen effects. Therefore, while treating hair loss, eating more of these vegetables can help suppress androgen secretion.

Men with a family genetic history should also eat more of these vegetables before losing their hair.

  In addition, middle-aged men also need to eat less irritating foods, quit smoking, and maintain a comfortable and regular schedule. Spring and autumn are the peak periods of hair loss. It is normal to lose no more than 100 hairs per day.No need to be nervous.

Massage and health care method that makes your hands and feet hydrated

Massage and health care method that makes your hands and feet hydrated

Dry skin, peeling, rough, dull and other skin problems appear one by one.

I believe that everyone has already made defensive measures for their faces, but they have neglected the maintenance of their limbs.

  The sieving maintenance screen is suitable for exfoliating products with coarser granules. If the sieve has some small granules, it can be used as a skin care product, which has both exfoliating and moisturizing effects.

  The specific method is to clean the dialysis, and after applying the exfoliating product, wear special gloves for exfoliating.

Then follow the same direction, as if rubbing the entire length of the circle.

DIY massage method of cationic bismuth emulsion: Take the emulsion evenly with both hands and warm it up.

Then draw a small circle on the top from the bottom up with the strength of the fingertips, and finally insert it with the palm of your hand.

  The arm of the arm is suitable for fine-grained exfoliating products.

The specific method is: extrude some exfoliating products and place them on the upper and lower arms respectively.

In the arm area, draw a spiral from bottom to top; the outside of the arm is against the pores, rubbing the skin from bottom to top.

  The arm 搽 emulsion massage method puts out a little lotion, and the hands are warmed up first.

Then apply from the lower arm to the upper arm (including the inner and outer sides) from bottom to top.

The top arm is patted from bottom to top, and the outer arm is the same.

Next, hold the arm horizontally with your thumb and forefinger, pinch it, move it from bottom to top, and then cook it vertically.

For the upper arm of the meat, you can press the strength of the abdomen and pull it up hard (the pain is right).

  The calf’s maintenance calf is suitable for fine-grained exfoliating products.

The specific method is as follows: first apply some exfoliating products on the calves, and draw the spirals on the lower legs from the bottom to the upper part; the left and right sides of the calves are alternately alternated, and the parts of the fingers are rubbed up from the lower line.

  Take a proper amount of lotion from the massage method of the calf lotion. After rubbing the hands together to warm up, wrap the calf, first touch it from top to bottom, then stroke from bottom to top.

Finally, circle the calf with your tiger’s mouth (the thumb and forefinger should be tight), and start from the foot, and pull the meat and skin up.

  Elbow maintenance elbows are suitable for thicker exfoliating products.

The specific method is as follows: bend the right arm upwards, take an appropriate amount of exfoliating product with the left palm, rub the right elbow in the same direction by drawing a circle, then exchange the hands with each other, and finally wash with clean water.

  The massage method of the elbow and sputum emulsion puts the emulsion on the palm of your hand and warms it up. The left hand bends first, the right palm wraps the left elbow, and gently strokes around the circle.

  The best care is suitable for fine-grained exfoliating products.

The specific method is as follows: first extrude the exfoliating product, spirally from the bottom to the top, and place it behind the ear, and thoroughly clean it, then wash it with water or wipe it with a wet towel.

  Massage the lotion with a proper amount of lotion on the hand, first rub it in the palm to warm.

Head up, hands up from the bottom up, with a little force on the middle part of the finger, push the loose meat out.

Then right to the right, hands apply force on the fingertips, push the bottom from the bottom up, until the back of the ear.

Finally, the two hands are shown together, pushing the excess meat down to the chin and moving to the left and right ears.

There are 3 bad habits to be careful about coronary heart disease

There are 3 bad habits to be careful about coronary heart disease

Introduction: In life, many people will inadvertently develop various bad habits. Everyone knows that habits are harmful to health, but the following bad habits are most likely to lead to coronary heart disease.

Chinese medicine reminds that there are 3 bad habits, be careful about coronary heart disease!

  1, excessive drinking and heavy drinking can lead to extreme metabolic disorders, elevated blood lipids, leading to atherosclerosis, damage to the heart and liver.

  2, there are 3 in smoking cigarettes.

More than 1,000 kinds of harmful substances, the most harmful of which are: smoke tar, benzopyrene, nicotine, carbon monoxide, hydrogen cyanide and acrolein.

When these harmful substances enter the blood, the blood oxygen in the blood is suddenly reduced, resulting in edema of the mucosa of the arterial wall, excessive synthesis of submucosal fat, reduced release of prostaglandins, and atherosclerosis with the participation of platelets.

  3. Insufficient exercise A recent large-scale study in the United States has shown that lack of physical activity is one of the major causes of cardiovascular disease.

  Therefore, bad habits are not good for human health, or cause coronary heart disease.

There are 3 bad habits, be careful about coronary heart disease.

In order to be healthy, pay attention to bad habits.