Sino-Singapore (002912) coverage report for the first time: 5G continued growth can be expected

Sino-Singapore (002912) coverage report for the first time: 5G continued growth can be expected

Sino-Singapore: Network visualization leader from “front-end” to “local”.

As one of the leading providers of network visualization infrastructure products in China, the company has focused on network visualization infrastructure products and their applications in the field of information security since its inception.

The main business is network visualization infrastructure products, big 杭州桑拿网 data operation products and network content security products.

Shenzhen Venture Capital is a major shareholder and Shenzhen SASAC has actual control.

Benefiting from 5G technology innovation and traffic explosion, network visualization ushers in major opportunities.

The Internet penetration rate is close to 60%, traffic consumption is growing rapidly, and 4G users continue to grow, bringing a lot of demand to the network visualization product market. According to statistics from CCID Consulting, it is estimated that the scale will reach 199 in 2018.

8.9 billion.

The future trends of the network visualization industry are: 1.

Information security threats and impacts strengthened, and content and traffic regulation became the norm; 2.

Internet traffic has increased sharply, and telecom operators’ “smart pipeline” operation has become inevitable; 3.

To tap the potential value of network traffic, “Big Data Management of Traffic” has become an innovative trend.

5G industrialization has achieved initial results, and the government and enterprise have joined forces to promote the steady development of the industry.

According to ITU speculation, 5G may be officially commercialized in 2020.

New technologies such as 5G NFV, SDN, network slicing, and cloud deployment will also bring new development potential for the information security industry and the upstream network visualization market in the information security industry.

The most complete product line, sales model and R & D advantages create high profitability.

From the perspective of products, the company has the most complete network visualization product line in terms of data source breadth and business application richness, and the integrity of the closed-loop architecture of the overall solution.

The cooperation of broadband network + mobile network products with big data operation platforms and network content security products ensures that the company is always in the leading position in the industry.

From the perspective of sales, the government is the company’s main customer, and the price is relatively insensitive, which is conducive to maintaining the company’s high gross profit.

The company adopts a sales model based on direct sales and supplemented by distribution to directly meet customer needs and provide customized solutions.

From the perspective of research and development, the company’s research and development helps maintain a high level, and 5G and other new product pre-research technologies are leading.

The above results in the company’s high profitability, the company’s gross profit margin and net profit are higher than their peers.

At the same time, the company realized advance payment in 20185.

5.6 billion, an increase of 117% over the same period, owning inventory 2.

2.8 billion, flat in 2017, and the continued growth of inventories and advance receipts indicates a high growth in the company’s orders.

With a target market value of 14.1 billion, it is given a “Buy” rating.

We predict that the company will achieve revenue in 2019-2021.

61, 12.

74, 16.

90 trillion, with a growth rate of 39.

1%, 32.

6%, 32.

6%, realized profit 2.

82, 3.

89, 5.

51 ppm, with a growth rate of 38.

0%, 37.

9%, 41.

6%.Considering the company’s high growth, the industry’s leading level and the network visualization traffic demand explosion and technological innovation brought by the 5G post-cycle, with reference to the valuation of comparable companies, the company is given 50 times PE in 2019, corresponding to a market size of USD 14.1 billion.

Risk warning: 5G business progress is less than expected; government and operator network visualization investment is less than expected; key assumptions may risk error.

Xinhuanet (603888): Optimistic about the growth potential of the company’s TO G business digital new format

Xinhuanet (603888): Optimistic about the growth potential of the company’s TO G business digital new format

The company is the backbone of the “national team” of the central media, giving the G business a clear advantage.

Xinhuanet is a comprehensive news information service portal site hosted by the state news agency Xinhua, and is one of the most influential online media in China.

Xinhuanet has constructed government websites such as China Government Website, China Civilization Website, China Xiong’an Official Website, and China Internet Joint Rumor Dispute Platform. It operates China’s largest government website integration and government WeChat account.

Because the company has the authority and credibility of central media, the company has obvious advantages in developing relevant businesses in various government departments, state-owned enterprises, and public institutions.

The company’s performance after deducting non-profit in 2018 increased by 20%, and the growth rate of new business was obvious.

In 2018, the company achieved operating income of 15.

69 ppm, a ten-year increase4.

50%; Net profit attributable to shareholders of the listed company.

$ 8.5 billion, an annual increase of 0.

40%; non-recurring net profit attributable to shareholders of listed companies was 200 million, an increase of 20.

56%.

The company plans to send a cash dividend of RMB 2 to all shareholders for every 10 shares.

48 yuan (including tax).

Online advertising business is an important basic business of the company.

The company’s online advertising revenue in 20186.

50,000 yuan, an increase of 9 before 2017.

01%.

Affected by macroeconomic indicators, industry customers’ continuous online and offline activity budgets, the company’s information service business income in 20183.杭州夜生活网

7.7 billion, a decrease of 17 from 2017.

85%.

However, the company’s new digital business has grown significantly.

The company’s mobile internet business revenue in 20182.

7.7 billion, an increase of 10 from 2017.

35%.

The company’s network technology service revenue in 20181.

5.9 billion, an increase of 31 over 2017.

97%.

Digital Content Business Revenue in 20181.

3.2 billion, an increase of 58 over 2017.

09%.

In 2019, the company will strengthen its mobile terminal business and accelerate the implementation of the convergence strategy.

Facing the new indicators, the company will strengthen its mobile terminal business, strengthen the content construction of the two micro-ends, accelerate the implementation of the multi-terminal integration platform strategy, improve the level of digital integrated marketing services, and promote the value conversion 武汉夜网论坛 of traffic and user resources.

Focus on digital content business, create high-quality cultural products, and explore multiple profit models.

Establish technology-driven business development to meet the needs of government and enterprise markets, and continue to promote the large-scale development of “Internet + vertical industry” projects.

We are optimistic about the growth potential of the company’s new digital business and the leading advantages of central media. We give a “recommendation” rating. We predict Xinhua’s revenue from 2019-2021 will be 18 respectively.

5.6 billion, 21.

3.8 billion, 24.

2.7 billion, an annual increase of 18.28%, 15.

18%, 13.

53%; net profit attributable to mothers is 3 respectively.

3.6 billion, 3.

8.2 billion, 4.

26 ppm, an increase of 17 in ten years.

75%, 13.

85%, 11.

42%; EPS for 2019-2021 are 0.

65 yuan, 0.

74 yuan, 0.

82 yuan.

The first coverage was given a “Recommended” rating.

Risk reminders: risk of failure to meet advertising standards; intensified market competition; technical risks.

Great Wall of China (000066) 2019 Interim Review: Autonomous and controllable multi-fold growth. Feiteng injection brings estimated flexibility

Great Wall of China (000066) 2019 Interim Review: Autonomous and controllable multi-fold growth. Feiteng injection brings estimated flexibility

Event: The company released the semi-annual report for 2019: the first half of the year realized revenue 43.

4 ‰, an annual increase of 4.

67%; realized net profit attributable to shareholders of the listed company is 1.

43 trillion, a decrease of 42 a year.

82%; the net profit attributable to shareholders of listed companies after deduction was 74.63 million yuan, equivalent to a significant improvement of -9.7 million yuan in the same period last year.

Revenue from independent security business sales and market contracts have achieved several-fold growth: the company’s revenue grew steadily in the first half of the year4.

67%, of which information security equipment and solutions have grown rapidly, a significant increase of 42.
.

41% to 9.

USD 7.5 billion was mainly due to the increase in demand brought by the independent and controllable continuous advancement, sales revenue of independent security business, and market contracts achieving several-fold growth.

The whole product based on the PK system has the largest share in a key upgrade and replacement project in the country. In the first half of the year, the company won orders in a number of key industries such as archives, the Internet, finance, and public security and created typical cases that can be promoted.

We are promoting the investment of independent safety machines in several provinces, and continue to build the foundation to further seize the local market and increase production capacity.

The company’s independent controllable integrated machine and server integration carrier-the subsidiary Great Wall Xinan 19H1 achieved revenue3.

53 billion, converted to 19.92 million yuan to 18H1 and 1.
.

2.7 billion has a multi-fold growth, achieving a net profit of 45.51 million yuan, a significant improvement in profitability.

In addition, the related transactions between the company’s 19H1 and Tianjin Feiteng amounted to 55.98 million yuan, and the 26.24 million yuan ranked in 18 had a two-way increase. The company’s independent and controllable progress was smooth.

Feiteng adopts the asset-based legal assessment. After the completion of the acquisition, it is expected to bring forecast flexibility to the company: On August 27, the company announced Tianjin Feiteng’s financial data and estimations: Tianjin Feiteng used the asset-based method to assess the net assets of Feiteng until the end of 18Is 6.

20,000 yuan, Tianjin Feiteng 100% 北京桑拿洗浴保健 equity evaluation value 6.

2.4 billion.

Tianjin Feiteng’s 16-18 years revenues were 1946, 36.65 million and 63.69 million yuan, with a three-year compound growth of 81%; realized net profits of -23,83, and 1.71 million yuan, respectively.

In the future, the company will continue its independent and controllable continuous advancement and Feiteng forecast to switch to the PS estimation method of semiconductors. The company completed Tianjin Feiteng 34.

The acquisition of 7% equity is expected to bring estimated flexibility to the company.

Investment suggestion: Maintain the company’s net profit forecast attributable to the parent company for 19-21 years to 11, respectively.

92, 11.

07 and 9.

7.8 billion.

We are optimistic that the company will grow into a long-term independent controllable industry leader 四川耍耍网 in the machine and Tianjin Feiteng’s injection of estimated flexibility brought by it, maintaining the “overweight” level.

Risk warning: M & A integration is less than expected, information security and autonomous controllable policies fall short of expectations, the company’s products cannot meet customer needs in a timely manner, and the overall market risk.

Cong Gong Education (002607) Commentary Report: Performance is in the upper range of the notice, volume and price go up + operating efficiency improves, releases profits

Cong Gong Education (002607) Commentary Report: Performance is in the upper range of the notice, volume and price go up + operating efficiency improves, releases profits

Event: The company released a performance report: 2018 achieved operating income62.

4 ‰, an increase of 54 in ten years.

7%, achieving net profit attributable to mother 11.

5 ppm, a 119-year increase.

7%.

Core point of view: The performance of the 18-year express report is in the upper range of the performance forecast, which is obviously more than the 18-year deduction of non-attribution net profit commitments9.

300 million.

The company’s performance forecast returns to the parent net profit range of 11.

0-11.

60,000 yuan, this performance report shows that it is close to the upper limit of the interval; meanwhile, the company’s 18-20 year performance commitment promises to deduct non-attributed net profit of 9.

3/13 / 160,000 yuan, 18 years of outstanding performance.

Brand word-of-mouth advantage is obvious, textbooks and unit price increases drive growth, and operating efficiency improves to release profits.

As of the first half of 2018, Zhonggong has 619 campuses and is the largest vocational training institution in the country’s offline campuses. Benefiting from the advantages of brand reputation, the company’s customer acquisition costs have decreased by 50% in the past three years, and the price of documents and customers has continued to increase;Benefiting from the improvement of the company’s management efficiency, the company’s 18-year return to its parent’s net profit was reset18.

4%, an increase of 5 per year.

5 points.

Vigorously develop dual teacher classrooms + online education, and take into account teaching equity to improve growth efficiency.

The company is currently actively purchasing equipment such as projection 北京夜网 and interactive smart tablets, which are key teaching equipment for dual-teacher classrooms. At the same time, it is actively deploying the field of online education. It currently has live broadcast + recording + OAO (online + offline teaching combination) and other onlineTeaching model, online business realized revenue scale from 58 million yuan in 2015 to 2 in 2017.

800 million, with nearly 3.5 million registered users online.

The company’s pursuit of excellence in dual teachers + online classrooms enhances teaching efficiency and increases growth efficiency with due consideration to teaching equity.

Earnings forecast and estimation: We estimate the company’s net profit attributable to its parent to be 11-20 in 18-20.

5/16.

6/21.

4 trillion, corresponding to EPS.

19/0.

27/0.

35 yuan / share, corresponding 北京桑拿洗浴保健 PE is 61/42/33 times. Considering that the company is an absolute leader in vocational education, brand & high R & D investment development barriers, high growth certainty, and maintain a highly recommended level.

Risk reminder: policy risks, registrations increase significantly

You must understand these thoughts of men

You must understand these thoughts of men

Men often spend their time thinking about women’s thoughts, but women spend more time on dressing up, shouldn’t they take a moment to understand men?

Therefore, today I will bring you to understand the psychological activities of men.

  A man’s breakup is sincere. A woman said that she broke up a hundred times. It may not be serious once.

  And women need to know that once a man breaks up, it is difficult to turn back. When reason is told that “we are really inappropriate”, everything is late, so men will not easily say break up.

  Wife and mother are not the same love “wife and mother fell into the water, who to save?

“This is an eternal problem.

But in the eyes of a man, he never thinks about it, and you should not compare yourself to his mother, because his love for you is different.

A woman should never want to take the place of his mother. Imagine if one day he was really not filial, would you love him?

I’m afraid you have no time to hide!

  Men don’t like women making too much noise and flirting, often making a lot of noise is unreasonable.

When men face such women, their first thought is to “escape.”

Life is not only love, but also affection, and the future. If the whole day is endlessly noisy, this day has passed?

  Men don’t like women who are too sticky. Men want to be taken care of, but if you follow him 24 hours a day, men will feel disgusted if you do n’t have private space.

Moreover, you should not only have him in your life, but also have your own personal space.

  Unwillingness to marry does not mean that you do not love you. Most men are afraid of marriage. When your love reaches a certain point, he also thought about getting married, but he is more afraid of losing freedom.

In addition, when he does not have the absolute ability to make you happy, he cannot marry you.

If you really want to marry him, you must make him fully understand that marriage will not become your shackles, and presumably men will let go of all their worries.

  Men cannot understand the romance that women demand. I believe that in this world, there are not many men who dare to admit that they are very romantic. In fact, therefore, men are not good at romance.

Men carry too many missions, too many responsibilities, and they have to support a lot of things.

  So romance has long been taken up by other things in their rankings.

Women like romance and desire romance, but at the same time, they must understand men. They don’t necessarily have a lot of time to be romantic with you. Do not use romance to determine whether a man loves you.

 4 ways to freckle easily in hot season_1

 4 ways to easily remove spots in hot seasons

How to spot in the hot summer?

What are the ways to remove spots?

This hot summer is coming, but when changing into cool summer clothes, this season is also the best time for freckle effect.

At this time, the sun is soft and the air is fresh, which can make the effect of freckle better.

But how to freckle?

The so-called spots are basically melanin on the skin.

Everyone has melanin in their bodies, so theoretically everyone can have spots.

The principle of freckle removal is to make melanin lighter. It’s that simple.

Here’s what you need to know about your spots!

  The easiest way to remove spots is to use sunscreen. Everyone often uses sunscreen, sunscreen lotion, suntan lotion, etc. When buying these products, you must first know what type of skin you are. The alternative method is to use test paper on your own.Press on the nose, and if there is bright oil on the test strip, it means that your skin is oily and you should add lotion.

If there is no oil on the test strip, the selected range penetrates, and you can choose emulsion, cream or oil.

If it’s a little oily and not that serious, you can choose a cream.

  The second kind is a blackening agent. Many people come back after traveling, and the whole person will turn black. At this time, you can use a 3% -5% hydrogen radical cream. After two weeks, you can restore the skin to its original appearance, but do not rely on itIt is a chemical drug that does not fundamentally solve the problem of the skin. It can only remove the pigment from the epidermis, but it cannot help the pigment in the dermis.

  The third type is systemic vitamin C infusion. Intravenous injection of 3-5 grams can make melanin from deep to shallow.

It usually takes 20-30 drops to work on melasma.

  The first is laser, photon rejuvenation.

At present, the most hype in the country should be considered photon skin rejuvenation. This combination of light hits the skin, can break up the pigment mass, and the body tissues absorb or excrete it.

Although this method is convenient, it should not be used repeatedly, because the summer sunshine is long, the climate is hot, and the skin needs time to repair. It is recommended to do it once a month.

At the same time, it is necessary to identify the instruments from the manufacturer. Only standard instruments can guarantee the effect after use.

Recommended: Old Chinese Medicine Freckle King link http: // www.

lzyysd.

com / products / detail / 12

Work experience in the eyes of interviewing examiners

Work experience in the eyes of interviewing examiners

Candidates’ explanations of their shortcomings are surprisingly similar: “I think my most obvious shortcoming is the lack of practical experience.”

Needless to say: Candidates are generally very smart. They did not say that their shortcomings are “playful”, “greedy for money”, “don’t like to work” and “love to change jobs.”It is intolerable for employers.

Relative lack of experience is common to all fresh graduates. Since we have to talk about our own shortcomings, we should say that this “not a shortcoming” is objective, pragmatic and resourceful.

  However, the question to be considered is whether the lack of practical experience of fresh graduates is indeed a disadvantage.

  The so-called shortcoming is whether there should be or not, or people with the same situation, most of the conditions accompanying others you do not have, this is the shortcoming.

Restrictions on the environment, conditions, experience, and body keep you from exceeding certain abilities, which is by no means a disadvantage.

You said, “My shortcoming is that it does not change 72 like Sun Wukong, not even 36 changes like Zhu Bajie”, haha, then it becomes a joke.

Because you should n’t have that ability, you do n’t have that ability, so why is your fault?

The same principle applies to fresh graduates.

Fresh graduates have been studying in school. Reading is the most important job of their time. Ordinary students, or students pointed out, should not have practical experience, and they should not have them. That is not a disadvantage, it can only be called”Features.”

Harsh people do things they can’t do, or require people to have unconditional or impossible skills, that’s unfair. It’s the same as requiring ordinary people to have the ability to jump one hundred and eighty thousand miles.It’s a bit ridiculous.

  Although fresh graduates have no practical experience, they have new theoretical knowledge.

Some people often contrast practical experience with theoretical knowledge, which is a wrong view.

Practical experience and theoretical knowledge are unified.

The predecessor’s, others’, more, and more universal practical experience is summarized, summarized, summarized, and refined, and then rises to theoretical knowledge, which is the essence of practical experience.

The more theoretical knowledge we have, the more practical experience we have gained from our predecessors and others.

Once the people who have mastered the theoretical knowledge have put it into practice, their progress will be “frog leap”. If those who have not mastered the theoretical knowledge have put it into practice, their progress will usually be slow.

We should look at the relationship between the theoretical knowledge possessed by young people and their incomplete practical experience from a development perspective.

Without practical experience, it may not be a disadvantage.

A piece of white paper can draw the latest and most beautiful pictures; what about another piece of paper full of experience?

The space it can shape is very limited.

Inexperienced young people are full of passion and desire for development. They are a fresh and active factor in the working crowd.

Some people who are very “experienced” are often also “smooth” people. The hardships of life have smoothed their edges and corners. Between reality and ideals, they pay more attention to reality, between the future and the eyes.They may be more immediate.

Are there people who have a wealth of experience and a strong desire for development and innovation?

Of course there are, but most of them are people who also have a wealth of theoretical knowledge.

Both have their advantages and disadvantages, and leaders should open their hearts and embrace them.

  Having said so much, it means three things: First, fresh graduate students and college students should not be regarded as shortcomings without practical experience; second, their investigation should mainly understand the level of theoretical knowledge they have mastered; third, our work, Requires both experienced and inexperienced people.

Seven eating habits help you get rid of cancer

Seven eating habits help you get rid of cancer

Many people are afraid and desperate for cancer, so everyone should prevent it in advance and usually balance their diet.

We often have some erroneous habits that lead to viruses that cannot be ruled out in time, so that cancer can be exploited. Let me explain in detail how to prevent the occurrence of cancer from diet.

  Japanese who love to drink four cups of green tea a day find that drinking only four or five cups of tea a day can reduce the risk of cancer by 40%.

Relevant experts have conducted 17 years of research on the anti-cancer effects of tea, and found that oolong tea, green tea, and black tea have good preventive effects on oral cancer, lung cancer, esophageal cancer, and liver cancer.

Among them, including Longjing, Biluochun, and Maofeng, the green tea has the most significant effect, and its anti-cancer component is 5 times that of other teas.

  Women who drink soy milk often have a significantly reduced risk of breast cancer.

This is because there is a substance similar to estrogen in soy milk called “soy isoflavones”, which can act as a fake, and is very similar to the mechanism of anticancer drugs.

It has a preventive effect on all estrogen-related cancers, diabetes, endometrial cancer.

  However, people who already have these cancers are advised not to drink soy milk to avoid irritating nucleic acids.

  Men who drink six glasses of water a day (240 grams per cup) will reduce their risk of bladder cancer in half, and women will reduce their risk of colon cancer by 45%.

This is because drinking water can increase the frequency of urination and defecation, and excrete harmful substances such as urea and uric acid that may stimulate the bladder mucosa and colon.

  However, people over the age of 40 are advised to check the colonoscopy every two to three years. If there are polyps, early detection can reduce their chance of becoming cancerous.

  Studies on eating onions and garlic have shown that people who eat more garlic have a 60% lower risk of stomach cancer.

Garlic can produce allicin only when it is crushed and fully combined with oxygen, and it is very unstable. It will soon lose its effect when exposed to heat.

Therefore, it is best to grind the garlic and eat it raw, or chop the garlic into a cold dish.

  A survey of 30 times in a mouthful of rice bowls has proved that people who eat food and eat jujube often have a higher chance of suffering from gastric cancer.

Chewing more can reduce the burden of food on the digestive tract and reduce the risk of suffering from the digestive tract.

  In addition, experiments at the University of Georgia have found that saliva has a strong “detoxifying” effect, causing the toxicity of aflatoxin, the culprit leading to liver cancer, to disappear completely within 30 seconds.

Therefore, based on chewing once a second, it is best to chew 30 times for a meal to have anti-cancer effect.

  Eat Less Sugar Soy’s favorite “food” is sugar.

When blood flows through the tumor, about 57% of the blood sugar is reduced by the ingested glucose, which becomes the nutritional ingredient that nourishes it.

According to the American Journal of Clinical Nutrition, as long as you drink two cups of sweet drinks a day, the risk of pancreatic cancer is 90% higher than that of people who do not drink.

Internationally, it is generally believed that the daily sugar intake per person should be within 50 grams.

  When eating meat, drink a glass of red wine to make wine. The grape skin contains a substance called resveratrol, which has a certain preventive effect on digestive tract cancer.

  In addition, the Cancer Research Association’s recommended consumption of red meat such as pork, beef, and mutton is about 500 grams per week. Eating too much will increase the risk of colon cancer.

University students need to practice internal skills

University students need to practice “internal skills”

Facing the severe employment situation of college graduates, the government, universities and all walks of life have made plans, but this is only an external force to solve the problem.
To truly solve the employment problem of college students, we must also start with the college students themselves.
Only when our own strength is enhanced can the efforts of all sectors of society be implemented and the employment situation be truly alleviated.
  As the main body of job hunting, college students are directly facing employment competition. Only with sufficient competitiveness can they be invincible in the severe employment situation.
For this reason, many college students actively explore various ways to prepare for employment while in school, which is certainly a good thing.
But if you just focus your preparations on the various exams, you will get half the results with half the effort.
In particular, in the face of the current severe employment situation, restricting the eyes to some tests that are not related to improving strength will only reduce their competitiveness and even withdraw from the competitive stage.
  To resolve the employment crisis, college students have a lot of experience to accumulate and many abilities to improve.
Compared to examinations, internships and apprenticeships are more realistic.
However, in order to prepare for the exams, many college students “squeeze out” the time that could have been used for internships. They just stamped a unit’s official seal during the holidays and wrote an internship report “perfunctory” the school.
From the school’s point of view, these students seem to be internships, but in fact, they have just taken a few more exams and have not gained much work experience.
  Lack of own ability is a common problem of most students who are eliminated in the employment competition.
In the current situation of the state’s active introduction of various measures to ensure the employment of college graduates, if the college students themselves have not been greatly improved, a large number of them still cannot avoid being eliminated.
Therefore, external support for employment of university students by the government and all sectors of the society is of course important, but improving the strength of university students is the fundamental solution to the problem, and is also the root of successfully solving the problem of large-scale employment.