Cree Electromechanical (603960) Semi-annual Report of 2019: Performance Achieves High Growth, New Products and New Areas Continue to Expand

Cree Electromechanical (603960) Semi-annual Report of 2019: Performance Achieves High Growth, New Products and New Areas Continue to Expand

Dynamic events The company released its semi-annual report for 2019 to achieve revenue3.

480,000 yuan, a year-on-year increase of +45.

33%; net profit attributable to mother is 45.95 million yuan, +62 year-on-year.


Matter Review The company’s 2019H1 results achieved high growth.

The company’s high-performance growth in H1 in 2019 is mainly due to the completion of acceptance of existing orders in the flexible automation equipment and industrial robot systems business, and the strong profitability of orders; Shanghai Zhongyuan benefited from the National Six switch and the unit price of products increased.

The flexible automation business will continue to grow steadily in the future, and new products and new areas will continue to develop.

In the first half of 2019, the company’s flexible automation equipment and industrial robot system business broke new orders1.

70 ppm, compared with the same period last year alone in the new decade.

The improvement of US $ 8.8 billion was mainly due to the delay in the company’s board of directors of major downstream customers from April to June, and the approval of the corresponding annual annual fixed asset budget and purchase plan of the customers was delayed to June, resulting in the company’s first half of 2019The new year bill is smaller than the previous one.

With the budget determination of capital expenditure of downstream customers in June, the company’s new orders began to pick up.

The company maintains its advantages in the field of automotive electronics automation and has grown steadily, especially in the field of new energy automotive electronics.

In the 南京夜网 field of new energy vehicle motor electrical control equipment, we have achieved continuous breakthroughs in research and development and orders, including: assembly and test of high-end complete sets of drive motor controllers for new energy vehicles, assembly and test production lines of 48VDCDC controllers, and intelligent complete sets of iBooster controllers., Energy recovery controller BRM production line, etc.

The company also achieved breakthroughs in driverless related products and equipment.

In the field of optical communication, we have successfully developed a flexible automated assembly and testing unit for optical fiber transceivers, which has been supplied to Finisar, a well-known manufacturer of optical communication devices worldwide.

Bosch and United Electronics will continue to focus on electrification and autonomous driving in the future. The investment in new products and new production lines will continue in the future. The company’s current automation equipment is still located in customers, and it is expected to benefit from the continued capital expenditure of customers.Increase and increase market share.

Investment Advice.

Maintain the company’s sales revenue for 2019/2020/2021 to 8.

47, 10.

59, 13.

1.9 billion yuan, net profit attributable to mother 1.

01, 1.

31, 1.

67 trillion, EPS is 0.

57, 0.

74, 0.

95 yuan, the corresponding PE is 48.

8, 37.

7, 29.

5 times, maintaining the company’s “overweight” rating.

Risk Warning: Small market value is estimated to be high, and downstream demand prospects.

Goodix Technology (603160): 2019 net profit growth of 203%-230% harvest technology leading dividend

Goodix Technology (603160): 2019 net profit growth of 203%-230% harvest technology leading dividend

Announcement of 2019 annual results pre-increasing: The net profit attributable to shareholders of listed companies for the year is 22.

4.9 billion to 24.

490,000 yuan, an estimate from the same period in 2018, is expected to increase by 203% to 230% for the whole year.

Q4 single quarter net profit 5.


3.7 billion, with a median of 6.

3.7 billion, a decrease of 8% from the previous month and an increase of 50%, in line with expectations.

Q3 single quarter profitability further improved, under-screen fingerprints are still the main driving force.

Q3 single-quarter revenue of 17.

USD 900 million, an increase of 83% year-on-year and an increase of 8% month-on-month; Q3 single-quarter net profit attributable to mothers6.

950,000 yuan, a year-on-year growth of 237% and a month-on-month growth of 15%.

2019Q1-Q3 gross profit margin maintained at 61% -62%, Q3 single quarter gross profit margin of 60.

8%, a slight drop from the previous month.

1 percentage point, 8 per year.

9ppts, mainly due to the increase in the amount of high-margin fingerprint calibration under the screen, the first half of the fingerprint chip accounted for the total revenue of 85.

75%, an increase of 8.


Under the effect of scale, the cost rate has continued to decline, and R & D investment has continued to increase.

Q3 sales expense ratio 7.

4%, a slight decrease; the management expense rate drops by 0 every year.

2ppt to 1.

9%; R & D investment 2.

600 million, an annual increase of 45%, R & D expense ratio of 14.

7%, to provide continuous research and development guarantee for the company’s product competitiveness.

Abundant current assets and healthy cash flow.

Net operating cash flow for the first three quarters of 17.

9 ppm, better matching with net profit; asset and liability restructuring24.

9%, maintaining low financial leverage, retaining the strength of expansion for the company’s long-term development; monetary funds 4.

300 million, trading financial assets 40.

300 million, investment cash flow is also mainly financial investment, the company has abundant liquid assets.

Huiding is the leader in ultra-thin screen fingerprints, and expects LCD fingerprint products to maintain a competitive advantage in 2020.

The demand for under-screen fingerprints has erupted since 18Q4. Since 2019, the flagship models released by Xiaomi, Huawei, and OPPO are equipped with optical fingerprint recognition functions, and the under-screen fingerprint penetration has increased by 20%.

In 2017, MWC and Genting Technology were one of the first companies to launch optical fingerprint solutions. Genting optical solutions show stable unlocking rate and unlocking speed in anti-light interference, low temperature environment, and difficult finger scenarios.The under-screen optical fingerprint solution with the highest commercial model and the largest incremental expansion, also has obvious competitive advantages under the ultra-thin screen solution. Every year in 2020, LCD fingerprint products will be welcomed.

The long-term growth potential of the platform-based layout of the Internet of Things.

In 2019, MWC and Genting Technology launched the “Sensor + MCU + Security + Connectivity” integrated 杭州桑拿网 platform in the field of Internet of Things, to develop the field of Internet of Things.

At present, touch and in-ear monitoring two-in-one products have been copied in OPPO and VIVO TWS headsets.

In 2019, Huiding topped 1.
Acquired the voice and audio application solution business affiliated with NXP for USD 6.5 billion, and it is expected that the market will be integrated with Genting ‘s own sensor layout.
Maintain profit forecast and maintain BUY rating.

Maintain 2019/2020/2021 operating income forecast of US $ 6.4 / 82 / 8.9 billion and maintain net profit attributable to mothers of 24/30 / 3.6 billion.

The current market value corresponds to 2020 PE 44X, and maintains a “Buy” rating.

Ways to reduce physical injuries such as low back pain

Ways to reduce physical injuries such as low back pain

Experts don’t advocate sedentary, but many times we can only sit and work.

A survey by the American Mobile Foundation shows that adults sit for an average of 8 hours a day.

So, in addition to maximizing walking time, how can you reduce physical injuries such as low back pain?

US experts say sitting is important.

  In order to reduce the pressure on joints, muscles, tendons and bones caused by poor sitting posture, keep hands, wrists, and forearms in a straight line, which is basically parallel to the ground; head and bones should be straight in a line, facing, and upper arms relaxed;Make your thighs parallel to the ground.

Choose a comfortable chair, let the middle and lower part of the cervical spine lean on the back of the chair, or add a cushion to the back of the chair to relieve the pressure on the cervical spine.

  In addition, to reduce repetitive movements, because the same posture (such as answering the phone) repeatedly causes muscle strain, you can try to change the way of action, such as changing hands to answer the phone; the screen position should be appropriate, the top of the screen should be flush with the sight orSlightly downward and placed perpendicular to the window to reduce the irritation of the eyes by the sun; often take care of, take away the trash on the table, and wipe the keyboard, mouse, screen, and the phone and desktop around the computer, otherwise they areThe place where bacteria are most likely to breed.

What is the chance of a woman’s pregnancy

What is the chance of a woman’s pregnancy

The hottest topic in recent years is nothing more than the full liberalization of the “two-child” policy. The one-child policy that has persisted for more than 30 years has finally begun to adjust the comprehensive two-child policy after the single-child policy.

Many older couples are planning a second child, but are older women really suitable for adults?

  How many times can a woman get pregnant?

  Since women have more than 400 eggs in their lifetime, women have more than 400 chances of conception in their lifetime.

However, due to women’s reproductive age and other factors, are there really so many chances of conception?

In fact, women’s chances of conception are far less than 400 times.

  For a normal woman, the average adult age is 23 to 29. If 12 eggs are laid in a year, then only 7 eggs will be discarded in the 7 years between 23 and 29 years.

Let’s take an example. If a female friend got married immediately at the age of 23 and had a baby, she would have the best chance of conception only 84 times.

  In our daily life, we can’t be ready at all times. Therefore, in these 7 years, nearly half of the eggs will pass in time, and accordingly, the best chance of conception will be greatly reduced accordingly.
The reality is that many women’s true marriage ages are mostly around 25-26 years old. Therefore, when planning to have children, every woman must cherish every chance of conception so as not to miss the golden age of conception.

  In addition, after the age of 29, women are more likely to have a miscarriage due to the decline of their physical functions than women aged 23 to 29.

So we suggest that women should have children born before the age of 30.

  From the above content, we can grind that if female compatriots want to grow a healthy baby, there is a restriction on the childbearing age, and older women have a great risk of childbearing.

Therefore, for the health of themselves and their future children, it is recommended that female compatriots plan their new life plans as soon as possible.

Elaborate on 16 possible babies’ moves

Elaborate on 16 possible babies’ moves

Mothers all want their babies to grow up healthy and happy. Below, I will give some examples of some parents’ confused practices in the process of babies.

  Confused move 1: Eat more eggs, the better. Some parents think that eggs are rich in the high protein that your baby needs most for growth and development, so you should not be afraid to eat as many eggs as possible for your baby.

  A wise move: Take babies 6 months ago as an example, their digestive system is not yet mature, albumin in eggs enters the blood directly through the intestinal wall, stimulates the body to produce antibodies, triggers eczema, allergic enteritis, and wheezing bronchiInflammation and other adverse reactions.

In addition, eating too much eggs will increase the burden on the digestive tract, make the body’s protein content too high, cause blood ammonia to rise, at the same time increase the kidney burden, and easily cause protein poisoning syndrome, abdominal distension, tightness and other discomfort.

  Nutrition experts believe that babies between 1 and 1 and a half years old are best to eat only egg yolks, not more than one per day; babies between 1 and a half to 2 years old eat 1 whole egg every other day, and can eat 1 whole day after 2 years oldegg.

  Confused move 2: Eat more fish pine nutrient is good. Some parents think that fish pine nutrient is rich in nutrition, and the taste is very suitable for the baby. You should eat more for the baby.

  Wise: Research has shown that the content of fluoride in fish pine is very high.

Baby if eat 10 every day?
20 grams of fish pine, will it absorb fluoride 8?
16 mm.

In addition, the amount of fluoride absorbed from drinking water and other foods may reach about 20 millimeters per day.

However, the safety value of fluorine inhaled by the human body every day is only 3 to 4, 5 mg.

If it exceeds this safe range, fluoride will accumulate in the body. Over time, it may cause fluorine poisoning, which seriously affects the growth and development of teeth and bones.

You can usually use fish pine as a condiment for your baby, but don’t give it to your baby in large quantities for a long time.

  Confusion 3: Eat more liver supplements with vitamin A. Some parents feel that animal livers are very nutritious and rich in vitamin A. The more you eat, the better.

  A wise move: Studies have shown that the liver is highly permeable, and most of the toxic substances in the blood enter the liver, so animal livers have several times more toxic substances than muscle.

In addition, the animal liver also contains special binding proteins, which have a high affinity for poisons. It can take away the poisons that have been bound to proteins in the blood, allowing them to be stored in liver cells for a long time, which has a great impact on health.
In fact, only a small amount of animal liver is enough to store a large amount of vitamin A in the liver.

In general, babies under the age of 1 need 1,300 international units of vitamin A per day.
5 years old needs 1500 international units per day, which is equivalent to about 12 to 15 grams when eating animal liver every day.

  Confusion 4: Chicken soup is more nutritious than chicken. Parents believe that when eating chicken for babies, drink more soup and eat less meat. Chicken soup has better nutrition than chicken.

  Wise: Nutritionists point out that this claim is not scientifically justified.

Although the chicken soup is very delicious, the protein in the chicken soup is only 10% of the chicken meat, and the trace and mineral content is not much.

However, although the nutrition in chicken soup is not as good as chicken, soup can stimulate gastric secretion, increase appetite, and help digestion.

Therefore, the most appropriate method is to eat soup with chicken.

  Confusion 5: The more vitamins and minerals are absorbed, the better. Some parents believe that the more vitamins and minerals the baby is better, the more vitamins A and D are added.

  A wise move: Although vitamins and minerals are very important for infants and young children, they should not be absorbed or replaced in excess by the baby, otherwise the baby’s body will have adverse effects, harm and vitamin A and D poisoning.

Vitamin C has many vitamins to the human body, but long-term intake of large amounts, the concentration of vitamin C in plasma has been in a saturated state, and young children are prone to produce oxalate urine.

There are many oral nutritional supplements specially formulated for children on the market, which contain a large amount of vitamins, traces, proteins and sugars, which have high nutritional value, but cannot be taken in large amounts for a long time, otherwise it will cause indigestion and bloating.Symptoms such as diarrhea have hindered the growth and development of children.

  Confusion 6: Breast milk is not as nutritious as milk powder. Parents feel that breast milk looks thin and not as thick as milk from milk powder, so give up breast milk replacement and replace it with milk.

  A wise move: Breast milk replacement has many benefits for babies. Breast milk contains antibodies against many diseases. It has been proven that babies replaced with breast milk are less ill; breast milk is mixed with milk and contains more comprehensive and adequate nutrients.Healthy; breast milk is easier for your baby to digest and absorb, and has the highest absorption rate.

For mothers, breast milk replacement is more convenient, saves money, does not require disinfection, and the temperature is appropriate; breast milk replacement mothers recover faster and are less susceptible to breast disease.

  Confusion 7: The pacifier is better than the nipple for newborns. Some parents think that it is better to feed the baby with a pacifier before the baby is used to sucking breast milk.

  A wise move: Eating milk with a pacifier is less labor-intensive than sucking breast milk.

But if the baby is used to the pacifier, it will refuse to suck the mother’s nipple, and the mother’s breast milk volume will decrease.

Therefore, before the baby is not used to sucking breast milk, do not feed the baby with a pacifier at random, let alone use a soother.

  Confused move 8: Fresh milk is better than formula milk. Some parents believe that using fresh milk instead of formula to reach babies under 2 years of age is wise: for the baby, milk other than breast milk, such as cow’s milk and goat milk, haveAcute defects, such as casein in cow’s milk protein, are too high, which is not conducive to baby’s digestion; high levels of protein, calcium, sodium, and potassium in cow’s milk are not compatible with the baby’s immature kidney ability.

Therefore, babies under the age of 2 are best to choose formula milk instead of fresh milk.
  Confusion 9: Supplementary food supplementation is more important than breast milk replacement. Some parents believe that starting from 4 months, supplementary food supplementation is more important for baby’s development. At this time, breast milk has no nutrition!

  Be wise: Give your baby fluid food for 4-6 months.

After 4-6 months, the baby needs to add some non-dairy foods, including liquid food such as fruit juice, vegetable juice, rice noodles, puree, vegetable puree and other paste-like foods, as well as soft rice, rotten noodles, small pieces of fruit, and vegetablesWait for solid food.
Food supplements and breast milk may be equally important at this time.

Adding can master the following principles: Gradually add one food to a variety of foods. Do not add 2-3 foods in 1-2 rotations to prevent your baby from indigestion or allergies to food. During the addition process, if indigestion or allergic symptoms occur, you shouldStop feeding this food, wait for it to return to normal, and start over with a small amount.

If you still have allergies, you should temporarily stop using them and consult with medical staff. When your baby is sick or the weather is hot, you should temporarily add new varieties to avoid indigestion.

  Confused move 10: Eating colostrum and protein powder can improve the baby’s immunity Some parents believe that: eating colostrum and protein powder can improve the baby’s immunity, and the baby is less likely to get sick.

  A wise move: It is inconclusive whether feeding colostrum and protein powder to babies can improve the immunity of infants and young children. It cannot be used instead of breast milk instead of babies.

Protein powder is too high in protein purity, and it is easy to increase the burden on liver and kidneys when eating. Parents should not give protein powder to their babies, let alone replace dairy products.

  Confusion 11: Soy products are vegetables Some parents think: Let your baby eat more vegetables, soy products are vegetables.

  A wise move: In fact, soy products are edible amaranth. The main ingredient is vegetable protein, and there are no vitamins and crude fibers caused by vegetables.

So usually don’t treat soy products as vegetables, you still need to eat some vegetables after eating soy products.

  Confusion 12: Children need to eat bananas for dry stools. Some parents think that if they have constipation, it is best to eat bananas. Hemp oil can help digestion.

  A wise move: Eating these doesn’t work. The most important thing is to develop good defecation habits for children, and the time to defecation should be fixed.

When the food digestion reaches the large intestine, the main function of the large intestine is to absorb water and move the food waste out of the body; if you can develop a daily defecation habit and timely discharge food waste out of the body, dry stool can be relieved.

The longer food residues remain in the large intestine, the more thoroughly the water is absorbed.

  Confusion 13: Snacks are harmful to health Some parents believe that snacks are harmful to health. Children eating these junk foods will affect growth and development.

  Wise: Snacks are not the same as junk food.

High-content and low-nutrition food is junk food.

For some nutritious snacks, experts suggest that children can be taken in appropriate amounts to supplement their nutritional components without affecting meals.

Especially for small children, it is best to give him snacks after dinner until they go to bed.

Children in elementary school can also use this method to enhance development.

  Confusion 14: Vegetables, fruits, peeling and eating are hygienic. Many parents think that the skin of vegetables and fruits is unhygienic and always want to remove the skin and eat.

  A wise move: I don’t know that when you remove the skin, you also remove a lot of nutrients.

In fact, the vegetable-skinned soup is very nutritious. Vegetable leaves are more nutritious than vegetable stems, and apple peel contains a lot of iron.

The correct approach should be: After cleaning the skin of vegetables and fruits, eat it together.

  Confusion 15: Milk + eggs are the best nutritious breakfast. Some parents believe that milk + eggs are the best nutritious breakfast. Just eating these two can supplement the nutrition.

  Be wise: A nutritious breakfast must include 4 parts: cereals, animal foods, milk, vegetables or fruits.

A breakfast consisting of three parts is of average quality, and a breakfast consisting of only one or two parts is of poor quality.

Cereals, such as steamed buns, noodles, porridge, etc., play an important role in a child’s height development.

Vegetables and fruits provide a morning supply of vitamins.

  Confused move 16: Give your child more calcium supplements. Some parents believe that if you want to grow taller, you must always add calcium.

  A wise move: If infants and young children are guaranteed the replacement of dairy products, then they will not lack calcium in their bodies, but vitamin D, which will continuously absorb calcium.

It is better to add some cod-liver oil to your child with calcium tablets, or do more outdoor activities and bask in the sun.

Shopping receipts and plastic drinking glasses may cause cancer

Shopping receipts and plastic drinking glasses may cause cancer

Many of the things that people use in their daily lives are actually potentially dangerous.

In this way, the United States “Rodale Health Network” invited radiology practitioner Cuomo summarized some common carcinogens that are easy to ignore.

  Drinking glass, shopping voucher.

Severe overdose of BPA may cause cancer.

It is found in most canned foods, canned beverage bottles, and in some shopping slips and plastic containers, including plastic water bottles labeled “7” on the bottom of the bottle.

It is recommended that everyone consume fresh food.

Use glass, ceramic or stainless steel containers.

After touching the shopping voucher, you should wash your hands and try not to touch them continuously, especially when your hands are sweaty or have oil.

  Face oil, cosmetics.

Preservatives have estrogen properties and may stimulate the growth of retinal cells.

It is best to avoid personal care products that contain preservatives in the ingredients list.

Care should also be taken when selecting processed meat products, health products, snacks and sweets.

  Dry cleaning clothes.

The process of dry cleaning laundry is actually very dirty.

The US Environmental Protection Agency has listed perchlorethylene, a chemical solvent used in dry cleaning, as a “probable carcinogen.”

Therefore, it is better to give up dry cleaning and replace wet washing.

Many clothes marked “only dry clean” are actually safe to wash with water.

  Mobile phone.

The international tumor research institute lists the radio frequency waves used by mobile phones as possible human carcinogens. It is indeed safe to use them less for safety reasons.

Minimize the number of times you make a phone call. If you make a call, we recommend using the speakerphone or wearing a headset.