Qin Liang said with a melancholy expression deliberately。

“Feel you are a bad guy now……”
There is something in Liu Xiaoyun’s words, and Qin Liang’s sentence,What she said“Bad”,In fact, it means something else,She believes Qin Liang must understand。
“Really?OK then,You say I’m a bad person, then I’m a bad person,I don’t mind,It’s boring to be a good person,I still feel like being a bad guy,Hehe。”
Qin Liang knew what Liu Xiaoyun was talking about in secret,So he just followed Liu Xiaoyun’s words directly,Tell Liu Xiaoyun secretly,The so-called bad guy in her mouth,Qin Liang will continue to be!
Liu Xiaoyun can’t continue this topic anymore,So I snorted loudly,It’s an expression of my heart“Not angry”。Click until!This topic will stop here for now。
“Brother-in-law,If you are a bad guy,That would be terrible!You are so good,If I want to catch you,It’s harder than climbing!”
Shen Ruoxue who doesn’t know what Liu Xiaoyun and Qin Liang are talking about,Naively interrupted。“puff……Why do you want to catch me?I have such an outstanding villain,Your Rose Legion has the chance to show off!A group of police will not be able to catch me,Then you and Xiaoyun came to catch me,I pretend to resist,Finally caught by you two,You can be famous again
Down,Hey Hey……”
Qin Liang opened his mouth。
“Less foolish people!It should be me and Xiaoyun who will be caught by then!”
Shen Ruoxue squatted and said……

Continue to walk for a full hour,Everyone finally arrived at the destination,The journey today took half more time than normal,And smashed along the way,Almost every sister of the Shen family fell several somersaults,Even Shen Ruoxue and Liu Xiaoyun were not spared。

“Oh my God,I’m exhausted!”
One place,Shen Ruoxue was the first to ignore it,Yelled and sat down on the grass。
“It’s the blame we didn’t expect beforehand,So the preparations were not done,Tired people,Sorry。”
Yang Zhi rushed to apologize for the first time。
“Oh, brother Yang Zhi,What does this have to do with us,We haven’t been to this island for a long time,Besides, the lush growth of grass is the law of nature,This is a natural thing,Why are you apologizing?,It really is。”
Shen Ruoxue was not embarrassed to speak,Liu Xiaoyun said it for her,This tacit understanding,The average person is really incomparable!Shen Ruoxue did not speak,Liu Xiaoyun knows what she actually wants to say。
Yang Zhi smiled embarrassedly,No more explanation,Because he can’t explain anything,The apology is only because the complainant is Shen Ruoxue,Nothing else,If Liu Xiaoyun complained like this,Yang Zhi won’t apologize。
Follow-up teams are also coming up,Qin Liang and others also appeared。
With the example of Shen Ruoxue,In a blink of an eye, the little girls sat down,Sat down,There are only swallows among the female soldiers,Du Xiaoyan,Zhou Meili and Luna still stand still,So in this way, you can see the real“Professional warrior”Here comes the difference between the sisters of the Shen family,Different is really different。
“Don’t do anything first,Let the girls rest together for a while。”
Saw Qin Liang coming,Yang Zhi hurriedly greeted Qin Liang again。
Qin Liang casually agreed,In fact, he is thinking about another very troublesome thing at the moment:In this environment,It is obviously impossible to expect the girls to find something to satisfy their hunger,Maybe I didn’t find something to satisfy my hunger,The girl will lose more than half of it!How terrible the consequences are!and so“eat”This matter,I’m afraid I can’t count on the girls……

Peng Changyi hung up,Today is Deputy Mayor Meng Ke taking office,Affirm that the government is redistributing labor,Will Jiang Fan……

Peng Changyi raised his head involuntarily,Looking up at the direction of the city,So my mind flew to the government conference room on the second floor,Jiang Fan is not old enough,I don’t know if I can settle Zhang Huai?
Peng Changyi is worried for his friend,What he didn’t expect is,The meeting went well,Why it went well,It’s because Jiang Fan did enough homework in advance。
He not only discussed with Fan Wenliang in advance about the re-division of the government,Even before the meeting,And invited Fan Wenliang,Said a few words。Don’t underestimate these words by Fan Wenliang,Although not much,Even if he sits for a few minutes without saying a word,Can play a big role。
Before the meeting,Jiang Fan came to Fan Wenliang’s office on the third floor,Fan Wenliang just came in,When I heard Jiang Fan invited him to attend a government work conference,Fan Wenliang said:“I don’t go,Just look at the arrangements for this work。”
Jiang Fan said that the new deputy mayor just arrived,And it was transferred from Jinan,You are currently the deputy secretary of the Jinan Municipal Party Committee,You attend,Shows the importance of government work。
Jiang Fan sees Fan Wenliang agrees,I proposed to come to the meeting room of the municipal party committee on the third floor。Fan Wenliang smiled,Said:“No need to,I’ll go down at four。”
This is also Fan Wenliang’s high profile,Although there have been precedents for participating in government work meetings before,But the premise is all held in the meeting room of the municipal party committee,Fan Wenliang will never go on,It seems,Respect for each other is also the way of officialdom in officialdom。
Fan Wenliang doesn’t talk much,Mainly affirmed the current government work,Also raised some hopes,Finally, I hope that members of the government team,Unite around Jiang Fan,Work together,Make Kangzhou’s work a big step forward。
Don’t read too much,It’s worthy of those present。He can come to the meeting,And spoke again,It means that Fan Wenliang nodded and agreed with everything Jiang Fan will do next.。
then,Jiang Fan did according to his wishes。Readjust the division of labor among team members。Take out the piece of education and cultural tourism that I originally pushed to Gao Tieyan,Meng Ke,From Zhang Huai, he took out the work of economic inclusion and investment promotion、project、land、Planning and finance, etc.,But to build the most oily city,And golf is now in progress,And the original finances、Taxation、communication、Reemployment、Departments previously in charge of justice and other departments are still left to Zhang Huai。
Zhang Huai is worried about taking the city construction from him,I didn’t expect to leave him。Gao Tieyan removed the farmer who was in charge of her,Group、Culture and Education、Sanitation belongs to her。
Jiang Fan is mainly responsible for presiding over the overall work of the municipal government。Competent city government office、City Government Research Office、Preparation work,Big contact、CPPCC、Democratic parties and the Federation of Industry and Commerce, etc.。

Beauty speaks。

“how about it?Give me back the money Lao Tzu spent on you,Let’s even clear up。”
Man answered loudly。
“So it was here to ask for an account……”
Qin Liang seems to understand a little bit。
“You used to be willing to give me flowers……”
The beauty seems to be lacking in confidence,The voice is not strong。
“That was before,Now I don’t want to,how?Don’t fucking talk nonsense with Lao Tzu,hurry up,Take me to withdraw money,Otherwise I come to your company every day to find you。”
The man’s tone is very arrogant,Qin Liang sounded a little upset。
“How can I pay you back if I have no money??Can you help me?I’m working,I will lose my job if you come to my company to make trouble。”
The beauty obviously begs to let it go in a low voice。
“I care if you lose your job?No money, right?No money to sell,Return me when it’s sold out!”
That man is obviously not a good thing,Scolded terribly。
Qin Liang frowned and turned his face away。
The beauty only saw that the person who entered the elevator just now was Qin Liang,She smiled awkwardly at Qin Liang,Say hello。
“grass,I want money from you,Actually stillTMDSmile at other men?You bastard,Stinky bitch。”
The beauty’s smile obviously angered the man,He yelled at him,Raise your hand on one side,I slapped the beauty directly on the face。

“I swear:I’m not angry with you from start to finish,Didn’t you just hit my ass a few times??What is this?I will definitely not do anything if someone hits me,It doesn’t matter if you hit me,After the big deal, I just find a chance to call back,Hehe,It’s not easy for me to find opportunities?”

Liu Xiaoyun replied deliberately nonchalantly。
“Then you can only mean something when you hit me,Can’t hurt me anymore……”
Shen Ruoxue continued to say childishly,How does her appearance and tone of speech look like a girl who is already twenty years old?!
“Row,I will pretend to be hitting hard by then,Actually you won’t feel any pain at all,Do not worry。”
。Nine Heavens God Emperor
Chapter three thousand and forty seven Why do I like to wear high heels
Liu Xiaoyun’s helpless answer。
Qin Liang said without tears,He was really not wanted by these two live treasures in front of Leide,He feels that his IQ can no longer keep up with the way of thinking of these two girls,Fighting can achieve this result,He saw it for the first time。
Shen Ruoxi smiled helplessly and sighed,She thinks everyone is being teased,The fight between two little girlfriends is typical“Beating is pro-swearing is love”,Instead, everyone thinks too much!
But this happy ending is also very good,At least let everyone relax,It seems that these two chicks are fighting,It didn’t affect the relationship between them at all,It’s still very good。
In a blink of an eye, Liu Xiaoyun coaxed the crying Shen Ruoxue,The tense atmosphere just now disappeared invisibly。

[How to pass the whipped cream]_Whipped cream_How to pass_How to pass

銆 愭 崭 訆 軟 軝 廝 箞 Gao 揆 慱 慱 迪 “ザ 娥 筥 訥 揿 庢 剱 _ 濡 涍 綍 揿 彂
“Dia” is a good way to get around, and it ‘s a good way to go back to the peak. It ‘s a show. It ‘s just a show. It ‘s just that you ‘ve just added it to the rudder. You ‘ll be able to make it.ぉ鐒跺姩鐗╁ザ娌广€備絾娣″ザ娌瑰ザ棣欏ぉ鐒舵祿閮侊紝鍙f劅婊戣€屼笉鑵伙紝杩欐牱鐨勬瀬鍝佷韩鍙楁槸妞嶈剛濂舵补涓嶅彲鏇夸唬鐨勩€備笅闈㈠氨鏉ヤ粙缁嶄竴涓嬫贰濂舵补鎬庝箞鎵撳彂銆?娣″ザ娌规病鏈夋鑴傚ザ娌归偅鏍风殑鍙鎬э紝鎵€浠ョ敤鎵撳彂娣″ザ娌瑰仛鐨勮泲绯曚笉鏄寮忕殑锛屽氨鏄畝鍗曞湴閾轰笂姘存灉鎴栨拻涓婂阀鍏嬪姏灞戞垨鏋滀粊銆傚幓闄ょ箒缂涳紝绠€鍗曠殑灏辨槸鏈€缇庣殑銆?1) What’s the matter?)灏嗘贰濂舵补鍊掑叆鎵撳彂鐩嗐€?)鎶婄泦鏀惧湪鍐板潡涓娿€?4)鍥犱负娣″ザ娌圭殑閲忕浉瀵圭泦鏉ヨ鏈変簺灏戯紝灏辫鎶婄泦鍊炬枩浜涖€?)鐢ㄦ墦铔嬪櫒涓€熸墦銆傝捣澶ф场鏃跺姞鍏ユū妗冮厭鍜?0g 銄 塭 塸 銆?)鎵撲竴浼氬効鍚庯紝娣″ザ娌圭殑浣撶Н寮€濮嬪澶с€傚姞鍏ュ墿浣欑殑20g绯栥€?) What’s wrong?)褰撳嚭鐜版竻鏅扮殑绾硅矾鏃跺氨蹇ソ浜嗐€傛鏃舵墦铔嬪櫒鍐嶈浆涓€熴€?) It’s a bit of a chain, a chain of bullets, a ring of bullets, a lot of bugs, a lot of troubles, a lot of troubles, a lot of troubles, and a lot of troubles:浼氬集鏇叉椂锛屽氨鎵撳ソ浜嗐€?

[How do scrambled eggs get fishy]_How to make_Method

鍦ㄥ埗浣滅倰楦¤泲鐨勬椂鍊欙紝鐩镐俊涓嶅皯浜洪兘鍙戠幇浜嗭紝楦¤泲浼氭湁涓€绉嶈叆鍛炽€傝繖寰堝彲鑳芥槸鍥犱负鐐掗浮铔嬬殑鏂规硶涓嶅鎵€瀵艰嚧鐨勶紝濡傛灉鍦ㄧ倰楦¤泲鐨勬椂鍊欙紝鑳藉鍔犲叆涓€浜涜挏鏈紝灏卞彲浠ュ緢濂界殑灏嗙倰楦¤泲鐨勮叆鍛崇粰鍘婚櫎浜嗐€傚綋鐒讹紝鐐掗浮铔嬬殑钀ュ吇浠峰€间篃鏄緢楂樼殑銆備笅闈紝灏变负澶у璇︾粏浠嬬粛涓€涓嬬倰楦¤泲鐨勭浉鍏崇煡璇嗭紒涓€銆佺倰楦¤泲鎬clear wine Tuan  Ink Nya bare hill wan fermium Fan faint Ai lasts ¤ clear wine Tuan  Ink Nya bare hill wan fermium Fan parent chisel Jieren Huan Jiyi shackles lead along Cui fermium Dan Han Ting ring fine Nau additional information Gou chain Cuo Ai forging chips Ren How to鍘绘帀鑵ュ懗鎴愪负涓昏闂锛岀幇鎻愪緵涓€涓畝鍗曟柟渚跨殑鏂规硶锛岃交杞绘澗鏉惧幓鎺夎叆鍛炽€傚湪鎶婇浮铔嬪悗锛屽湪铔嬫恫閲屽姞涓€浜涜挏鏈紝鐒跺悗鍐嶆悈鎷岃泲娑诧紝杩欐牱鐐掑嚭鏉ョ殑楦¤泲鏈夎偂娣℃贰鐨勮挏棣欙紝瀹屽叏娌℃湁浜嗚叆鍛炽€備簩銆佺倰楦¤泲鐨勮惀鍏讳Chain?.銆侀浮铔嬪惈鏈変赴瀵岀殑铔嬬櫧璐ㄣ€佽剛鑲€佺淮鐢熺礌鍜岄搧銆侀挋銆侀捑绛変汉浣撴墍闇€瑕佺殑鐭跨墿璐紝铔嬬櫧璐ㄤ负浼樿川铔嬬櫧锛屽鑲濊剰缁勭粐鎹熶激鏈変慨澶嶄綔鐢紱2。銆 东 瘜 钖 獶 HA 獜 剉 凉 傉 狂 狂 倆 倸 嵉 絉 夭 礌 姽 屽  绵 粵 粡 荤 貤 粺 鍜 岃 餃 更 雳 郳 鳳 鈳 整 鳳What is the best way to go?.TOWER Xing floating Yayufuyang  Chi Debate Fujio  Feitonghuaiuu Xilei B Xiahandugxi Yi Jingyueganya Shangkuangrenhu  cross Rou Woo В Xiashenaichen Chou Hanhuanqinqiang Feijulujian劀 势 璐  纏 鍏 鍏 黁 阒 黒 湶 揶 抆 抆 抆 銆?銆佽懕鏄俯閫氶槼姘旂殑鍏荤敓浣愭枡锛屼綔涓鸿皟鏂欏搧锛岃懕鐨勪富瑕佸姛鑳芥槸鍘婚櫎鑽ゃ€佽叆銆佽喕绛夋补鑵诲帤鍛冲強鑿滆偞涓殑寮傚懗锛屽苟浜х敓鐗规畩鐨勯鍛筹紝杩樻湁杈冨己鐨勬潃鑿屼綔鐢ㄣ€傚尰You are the one who wants to do it, and you will be able to connect it with you, if you want to go through it, if you want to do it, you will be able to use it if you do n’t know how to do it, if you do n’t know how to do it.湁涓€瀹氱殑鍋ヨ剳浣滅敤銆傚埄鐢ㄨ懕鎻愮偧鍑烘潵鐨勮懕绱犮€備笁銆佺倰楦¤泲鐨勫仛娉?銆佸皢楦¤泲鎵撳叆纰椾腑锛屽姞鐩愩€佹按娣€绮夛紝鐢ㄧ瀛愬厖鍒嗘悈鎵撳潎鍖€寰呯敤銆?銆佺倰閿呯疆浜庝腑鐏笂锛屾斁鐚补鐑х儹锛屽€掑叆鎼呭ソ鐨勯浮铔嬫恫锛岃泲鑶ㄨ儉鍚庣敤閿呴摬鐐掓暎锛岄摬鍑哄緟鐢ㄣ€?銆佺暀浣欐补鐑х儹锛屼笅瑗跨孩鏌跨吀鐐掞紝鏀剧硸锛屽啀鍊掑叆铔嬪悓鐐掞紝鍔犻€傞噺鐩愯皟鍜告贰锛岀倰鍖€鍚庡嚭閿呭嵆鎴愩€傞檮: 楦¤泲涓姞姘存穩绮夊彲浠ヤ娇楦¤泲鍙f劅鏇寸埥婊戙€?

[Durian Chicken]_Durian Chicken_How to do_How to do

姒磋幉鏄竴绉嶄笉鍙寰楃殑钀ュ吇浠峰€兼瀬楂樼殑姘存灉锛岄櫎浜嗗彲浠ョ敓鍚冧互澶栬繕鍙互鐢ㄦ潵鍋氳彍锛屾瘮濡傛Υ鑾茬叢楦$殑鍛抽亾灏遍潪甯稿ソ锛岃€屼笖鎿嶄綔姝ラ绠€鍗曪紝涓嶅埌涓€涓皬鏃跺What is the meaning of ammonia? How about it? How do you do it? How do you do it?涓€銆佹Υ鑾茬叢楦$殑鍋氭硶 1銆佹Υ鑾蹭竴鍙紝鍙互鍏堝悆閲岄潰鐨勬灉鑲夐儴鍒嗭紝璁ㄥ帉杩欎釜鍛抽death Feifanchixi Newspaper boil raw silk Rou  Han Yangjianrennie  fan Hwang Jih grating Fort Ti Chongchibenshen  Cha ょ Ju Zu Zhuo Υ Luancongjinggao  Xiabenhanhuan Lianbiancunxiang $ Ailuanbuqing Wei呴  銆?銆佸仛姹ょ殑鏃跺€欙紝涓€娆$敤鍗婂彧姒磋幉澹冲氨鍙互浜嗐€?銆佹妸閲岄潰鐨勭櫧鐡ょ敤鍒€鍒囦笅锛屾垚涓佺姸锛屽鐢ㄣ€?TOWER crafty Υ Luanchabentuan  Toso Juan Gehu ta Benanchongjuan Yuanqin defect Hengfuliaojian Renduanchouwang Universal Toso Toso TOWER TOWER Ta Ta  atlas  Die Aya by action. 5 銆 侀 粍 鑺?0G6 銆 丸 綋 褰?0g: What’s the difference? What’s the difference? What is the version of the sentence? What is the sentence? What is the difference? What’s the difference?The most important thing is that you are not sure how to do it. If you are not sure how to do it, you will be able to find out whether it ‘s a good idea or not.倰锛岀劧鍚庢妸鐐掑ソ鐨勯浮鍧楁斁鍏ユ梺杈圭殑鐓蹭腑锛岀叢瑕佹彁鍓嶆斁鍏ユ竻姘淬€佹Υ鑾插3銆佹Υ鑾茬苯銆侀粍鑺€佸綋褰掞紝寮€鐏叜涓娿€?銆佸紑濮嬬叢鐨勬椂鍊欎笉瑕佹斁鐩愶紝寰呭崐灏忔椂鍚庡嵆灏嗚捣閿呮椂锛屾斁鍏ラ€傞噺鐨勭洂锛屽啀绋嶅井鐐栦竴浼氬効锛屽氨鍙互鍠濅簡銆?浜屻€佸皬璐村+ 姒磋幉澹冲彲浠ヨˉ闃宠ˉ姘旓紝鎴戜滑杩欓噷鐢ㄧ殑鏄櫧鑹茬殑鐡ら儴锛屽鏋滄槸鑲跨槫Chinese, Chinese, English, Chinese, Chinese, Chinese, Chinese, Chinese, People, People, People, People, People, People, People, People, People, People, People, and People彟澶栧甫鍒虹殑纭3鐩存帴鐓按鐢ㄦ潵鐔忔礂鎮e锛屽浜庝竴浜涘父瑙佺殑鐨偆鐥呮瘮濡傝€佸勾鎬х槞鐥掔瓑锛屾湁寰堝ソ鐨勭枟鏁堛€傛Υ鑾插瓙琛ヨ偩濉簿锛涒€滆姫澶氬綊灏戝姏鏈€闆勨€濓紝鎵€浠ヨˉ姘旂殑榛勮姫鍜岃ˉ琛€鐨勫綋褰掓瘮渚嬩负2锛?锛涢浮鐨勮惀鍏讳汉灏界殕鐭ワ紝灏变笉璇﹁堪浜嗐€傛湰姹ゅ彲浠ュ仴鑴炬殩鑳冿紝鏈夋晥鐨勬敼鍠勭棝缁忋€佹埧浜嬫椂闃撮亾骞茬嚗銆佷究绉樸€佽偩铏氳叞閰革紝鍋ュ繕鐤插€︾瓑韬綋鐜拌薄銆傚潗鏈堝瓙鐨勫濂炽€佸摵涔崇殑濡囧コ銆侀潰鑹茶悗榛勭殑濂冲瓙銆佽韩浣撹櫄寮辩殑鑰佸勾浜恒€佹斁琛€鐤楁硶鍚庣殑鐥呬汉銆佽剳鍔涙秷鑰楀ぇ鐨勪汉銆佺粡甯歌椤剁潃澶уお闃冲湪澶栭潰璺戠殑閿€鍞憳銆佸姙鍏鐨勭櫧棰嗛兘鍙互鏃朵笉鏃剁殑鍠濅竴鍠濄€?

Central South Media (601098): Q4 single-quarter profit stabilizes and continues to maintain high dividends

Central South Media (601098): Q4 single-quarter profit stabilizes and continues to maintain high dividends

Event: The company announced the 2018 annual report and achieved revenue of 95 in 2018.

800 million, down 7 every year.

6%, achieving net profit of return to mother 12.

4 ‰, a decrease of 18 per year.


After breaking through non-recurring gains and losses, the company achieved net profit10.

9.9 billion, a 22% decline in one year.

Affected by factors such as the adjustment of the teaching aids policy in Hunan Province, 四川耍耍网 the company’s teaching aids business was under pressure, and the performance shifted to a certain extent. However, the impact has gradually been digested, and the company’s operations have returned to stable.

The impact of Jiao Fu has gradually been digested, and the single-quarter profit of 2018Q4 has stabilized.

In the early stage, due to the impact of the adjustment of Hunan’s teaching aid policy, the company’s teaching aid business was significantly affected, and its profit declined.

However, judging from the quarterly situation, Zhongnan Media’s Q1-Q3 2018 saw a single quarter of replacement of more than 20%, but the company achieved net profit attributable to its mother in the fourth quarter of 20183.

70,000 yuan, compared with the fourth quarter of 2017 3.

The level of $ 400 million has increased by about 10%;青岛夜网 once non-recurring gains and losses have ceased, net income attributable to mothers in the fourth quarter of 2018 also increased by 2.

70,000 yuan, higher than the same period in 2017 2.

600 million levels.

Judging from the report data, the pressure of the company’s profit reduction has been substantially relieved.

We believe that the change in profit of Zhongnan Media is mainly due to policy adjustments. Although this shock is a long-term impact, the probability is unlikely to increase, that is, after the previous period of different bases, the company’s profit will return to a stable growth channel.Corresponding evidence has been obtained from the financial data.

Financial service performance contribution is outstanding.

The company’s finance company realized operating income in 20184.

20,000 yuan to achieve net profit 3.

1 ‰, increasing by 22 each year.

4%, 51.

5%, becoming an important source of company performance.

Dividends are the last word.

According to the company announcement, the company will pay dividends for every 10 shares in 20186.

1 yuan, the dividend amount is 10.

9.5 billion, accounting for 88 of the company’s net profit attributable to its mother.

5% higher than in October 2017.

The level of 7.7 billion has been further increased.

A stable and growing level of dividends is the most important guarantee for investment. In the past three years, Zhongnan Media has converted dividends of more than 3 billion, making it one of the most “generous” companies in the media industry.

At the closing price on April 22, the company’s dividend was restructured4.

8%, there is still a strong value attribute.

Earnings forecasts and investment advice.

The company’s EPS for 2019-2021 is expected to be 0.

76 yuan, 0.

83 yuan, 0.

90 yuan, corresponding to PE is 17 times, 15 times, 14 times.

Based on 1) the company may usher in performance improvement in 2019; 2) the number of books in the company’s general books is more, becoming a 28th attribute, prompting the continued growth of the company’s general books performance; 3) the company may be able to provide a sustained and stable highDividends and maintain the “overweight” rating. Risk warning: the risk of rising raw paper prices, further tightening the policy.

Eurasian Group (600697) 2019 Third Quarterly Report Review: Industry Style Innovations That Meet Expectations Or Provide Space for Future Growth

Eurasian Group (600697) 2019 Third Quarterly Report Review: Industry Style Innovations That Meet Expectations Or Provide Space for Future Growth

The operating income for the first three quarters of 2019 increased by 9 each year.

78%, net profit attributable to mothers increases by 0 every year.

30% of companies 1-3Q2019 achieved 124 operating income.

52 ppm, an increase of 9 in ten years.

78%; net profit attributable to mothers1.

99 ppm, which translates to a fully diluted EPS of 1.

25 yuan, an annual increase of 0.

30%; net profit deduction for non-attributed mothers1.

98 ppm, a five-year increase of 5.

15%, performance is in line with expectations.

In terms of single quarter breakdown, operating income for the third quarter of 2019 was 38.

92 ppm, a ten-year increase4.

61%; net profit attributable to mother is 0.

71 ppm, which translates to a fully diluted EPS of 0.

45 yuan, an annual increase of 0.

20%; net profit deducted from non-return to mother 0.

69 ppm, an increase of ten years.


Comprehensive gross profit margin rose by 0.

29 averages, the expense ratio rose by 0 during the period.

The 37 companies with an average gross profit of 1-3Q2019 were 23.

35%, rising by 0 every year.

29 units.

Expenses for the company during the first three quarters of 201917.

11%, rising by 0 every year.

37 single ones, of which the sales / management / financial expense ratios are 4 respectively.

34% / 9.

80% / 2.

98% change -0 each year.



05 averages.

A company with format innovation or space report for future growth opened a new supermarket store in Jilin Province.

Compared with the first half of the year, the growth rate of the revenue end of the company’s various business types has shifted to varying degrees, which partially reflects the regional economic situation and the growth difficulties faced by traditional offline channels.

The company has launched the layout of innovative industrial forms in some of its main stores. Dating indoor zoos, Japanese-style hot springs and other innovative industrial forms have achieved channel drainage to cope with macro and meso-scale impacts.

Taking into account the company’s competitive advantages in regional market competition, we believe that the company has ample time and space for industry-type innovation exploration, and its exploration may provide space for future growth, and long-term investors do not hinder attention.

Maintain profit forecast and maintain “overweight” rating. We maintain the company’s fully diluted EPS 无锡夜网 for the year 19-21 of 1.


87 yuan forecast, the company’s own properties account for a relatively high, regional competitive advantage is solid, maintaining the “overweight” level.

Risk reminder: The regional economic growth is not up to expectations, and the operation of main stores in Europe and Asia is not up to expectations.