People’s Daily Online (603000): Release of Three-year Plan for In-depth Integration Development (Outline): Content-based platform has a lot of room for value realization

People’s Daily Online (603000): Release of “Three-year Plan for In-depth Integration Development (Outline)”: Content-based platform has a lot of room for value realization

Key points for investment On the evening of July 25, the company released the “Three-year Plan for Deep Integration Development (Outline)”, which put forward the guiding ideology, development strategy, planning goals, and key tasks of the People’s Daily Online construction. 深圳桑拿网 We believe the following:The essence of the People’s Network “Party Network” highlights: On January 25, 2019, General Secretary Xi Jinping pointed to the Political Bureau of the Central Committee of the Communist Party of China to the People’s Daily for twelve collective studies on antiques in the “all-media era and media integration and development”.Accelerate the integration and development of media, so that mainstream media have strong communication, guidance, influence, and credibility “,” the competent authorities should gradually do a good job of regulatory responsibilities, strengthen the management of emerging media in accordance with the law “,” most party committees and governments must follow policies,In terms of funding and talents, we will increase support for media integration and development. ”

This “Planning” is the implementation of the general secretary’s speech on January 25th.

The rapid development of the mobile Internet has spawned a large number of new media platforms. While the information is obtained more quickly, it has led to the disadvantages of insufficient information review and supervision. In the era of information explosion, the mainstream media ‘s guiding role in official media has become prominent.

As a party media, the people’s network, its political value, dissemination value, brand value, platform value, capital value will be further highlighted.

Content-oriented, large platform value realization space: relying on policy sensitivity, talents and other advantages, the company’s constantly changing original capabilities in opinion review, in-depth investigation, authoritative interpretation, policy advice, will continue to consolidate its main key news websites in the future”Faucet” category to become the provider of the highest quality original content.

Content-based, multi-channel realization of platform value: ① Content risk control: One of the goals of this Plan is to continuously strengthen the choice of Internet content risk control “leading”.

The company intends to take a stake in People’s Zhongke (Shandong) Intelligent Technology Co., Ltd., which will closely integrate the artificial intelligence technology of the Institute of Automation of the Chinese Academy of Sciences and the content risk control capability of People’s Network, focusing on providing technology for content security management and information security management on the Internet spaceservice.

According to the news from People’s Daily on July 24, People’s Daily has released 67 “Internet Content Risk Controller (Elementary) Certificates” to the society. The company has conducted preliminary explorations on standard setting and personnel training. In the future, it will further leverage the advantages of the party media.The Internet community provides consulting services for content risk control.

② Content operators and Jufa: People’s Network connects horizontally with various entities such as governments, enterprises, social groups, academic institutions, etc., and initially connects politicians from around the world with the general public, social accounts (Weibo, WeChat public account, Douyin, etc.)Daily coverage of more than 2.

With 800 million person-times, the value of communication is outstanding.

The company’s future superior communication power can achieve scale of revenue and profit scale: including providing creative creators / creative institutions with creative guidance, level certification, promotion operations and market operation services; for content producers, distributors,Developers provide services such as content distribution and derivative copyright transactions, operation training, IP incubation, creative marketing, content e-commerce, and advertising agencies.

In Q1 2019, the company’s revenue maintained a steady growth, with cross-narrowing alternately: in Q1 2019, the company achieved operating income3.

1.3 billion (+17.

20%), net profit attributable to mother -2,336.

250,000 yuan (-5,787 in the same period last year.

The revenue growth was mainly due to the increase in revenue of its subsidiaries, People’s Video Culture Co., Ltd. and People’s Health Network Co., Ltd.

Investment suggestion: People’s Network, as the official media, plays an important role in propaganda and ideological work. We are optimistic about the company’s use of content to establish a network, through content risk control, operation and aggregation of multi-channel monetization space.

We maintain the company’s annual revenue from 2019 to 2021.

30, 0.

41 and 0.

The profit forecast of 55 yuan, the closing price corresponding to PE on July 26 is 57 in turn.

9x, 42.

2x, 31.

1x, maintain the company’s overweight-A recommendation.

Risk Warning: Content Expansion Is Less Than Expected, Policies Are Less Than Expected, Macro Economic Growth Downward Risk

Electric Soul Network (603258): Exclusive contract with Tencent Millimeter for My Knight game contract

Electric Soul Network (603258): Exclusive contract with Tencent Millimeter for “My Knight” game contract

Investment Highlights Event Electric Soul Network (603258.

SH) and Tencent Holdings (0700.

(Hong Kong), a three-year exclusive agency agreement, marked as a set of retro martial arts sandbox RPG games independently developed by the company called “My Knight”, the cooperation period is from the date of signing the agreement to the end of the licensed product commercial operationUntil three years.

  Opinion 1.

Electric Soul Network’s main business is the research and development and operation of online game products. The company is committed to independent research and development, operating high-quality online games, featuring competitive online game products, and through an efficient game development system and accurate game promotion programs., Has developed into an online game development, operator that integrates creative planning, art design, technology research and development, product development, game promotion, 南宁桑拿 operation maintenance, and overseas cooperation.

The affected end-game market is weak, and the growth of the main business is slowing down.

The company has been committed to finding new growth points. According to the 2018 annual report, total operating income was US $ 44.8 billion, an increase of 10% for ten consecutive years, and its net profit attributable to its mother was US $ 13 billion, which was 21%.


The exclusive agency agreement with Tencent Tier 1 for this game is beneficial to the company in two ways: (1) increase new momentum for revenue; (2) the proportion of mobile game revenue with a relatively high growth rate has expanded and improvedThe company’s long-term forecast center.

Relying on Tencent’s operational capabilities and platform advantages, it will help increase the company’s market share.


“My Knight” is a high-freedom open martial arts RPG game developed by the company.

In the open mode, the protagonist played by the player can freely explore in the open world, there are a variety of different plot versions and gameplay for players to choose.

It is a martial arts mobile game that gathers many of your familiar knights. The knights in the classic martial arts story are fully restored. Players can freely arm your knights to experience super cool knights fight. Each knight in the game has its own specialSkills and moves, gorgeous big tricks and special effects are dazzling, and combo skills are even more devastating. You can train your knights as you like and experience the fun of round battles. Each knight has a bond combination, and at the same time there are additionalAttribute promotion.

  Investment recommendation Electric Soul Network currently expects a corresponding PE (TTM) of 33 times, which is the high range of the A-share game sector.

We repeat the view that the game sector has entered a mature stage and maintain the judgment that the sector is mainly a trading opportunity.

We believe that the cooperation between “My Knight” game and Tencent will boost the company’s performance and expected scale, and investors are advised to pay attention.

  Risk reminds the sustainability of the game’s running water.

Northbound net inflow of A shares broke 1 trillion institutions is expected to re-enter 250 billion this year

Northbound net inflow of A shares broke 1 trillion institutions is expected to re-enter 250 billion this year

Original title: Northbound net inflow of A-shares exceeded 1 trillion. Institutions are expected to re-enter 250 billion surging news reporter Sun Mingwei. On the first trading day of 2020, A-shares are beginning to make a big splash. Northbound funds also resumed net inflows.Over 10 billion yuan.

  As of January 2, the net inflow of northbound funds was 101.

4.8 billion yuan.

Among them, Shanghai Stock Connect has a net inflow of 50.

4.5 billion yuan, SZSE net inflow of 51.

03 billion.

In history, since the opening of the Shanghai-Shenzhen-Hong Kong Stock Connect, net purchases in excess of US $ 10 billion in a single day have been made only 8 times, including this time on January 2.

  According to Wind data, as of the close of January 2, since the opening of the Shanghai-Shenzhen-Hong Kong Stock Connect, the net inflow of northbound funds has exceeded 1 trillion, reaching 103.6 billion US dollars.

  In the just past 2019, Northbound funds also set multiple records.

As of December 31, 2019, the maximum net purchase rate for Northbound funds was 3517.

US $ 4.3 billion, a record annual net inflow since connectivity, an increase of 575 over 四川耍耍网 2018.

2.5 billion.

The Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect hold A stock market value has reached 1.

43 trillion yuan, compared with 1 at the end of the third quarter.

16 trillion yuan increased by 269 billion yuan.

  Looking back on 2019, Northbound funds also experienced some ups and downs.

On January 31, 2019, the net inflow of northbound funds exceeded 700 billion yuan, and the net flow of more than 60 billion yuan for two consecutive months, setting a monthly net inflow record at the time.

  However, from March onwards, there was a short wave of withdrawal of northbound funds, with a net inflow of 7715.

80ppm dropped below 7000ppm.

  The time has come to June. The three major international popularity indexes have successively opened multiple A windows. Northbound funds have opened a second round of accelerated inflows. On September 12, the net inflow of northbound funds exceeded 800 billion yuan for the first time.

Only two months later, on November 26, northbound funds quickly exceeded 900 billion yuan.

  From the perspective of individual stocks, as of December 31, 2019, the largest capital stock held by Northbound Capital was Guizhou Maotai (600519), with a market value of 1210.

9.4 billion yuan, accounting for 20 shares in circulation.


  In addition, Ping An (601318), Midea Group (000333), Gree Electric (000651) and other three stocks also hold more than 50 billion yuan.

  In terms of net buying, Oriental Fortune Choice data shows that Gree Electric (208.

9.2 billion), Ping An Bank (144.

2.4 billion), China Merchants Bank (600036,112.

5.1 billion), Midea Group (105.

1.1 billion), Ping An of China (77.

1 billion), Vanke A (000002, 62.

5 billion), Wen’s shares (300498,51.

7.4 billion yuan), Conch Cement (600,585,48.

6.2 billion), Lixun Precision (002475, 35.

4 billion), BOE A (000725, 26.

7.2 billion) and other 10 stocks ranked the top of the net purchase amount of northbound funds.

  From the perspective of the proportion of shares in circulation and shares held by stocks, as of December 31, 2019, the highest shareholding ratio of Northbound funds was Huatest (300012), which reached 25.

75%, on average, Shanghai Airport (600009), Sofia (002572), Tiger Pharmaceuticals (300347) and other three shares also held more than 20%.  From the perspective of industry, technology and medicine are definitely the two main lines for Northbound funds to increase their holdings in 2019.

For example, Dashenlin (603233), Yixintang (002727), Tiger Pharmaceuticals (300347), etc. in the field of medicine; such as China Test (300012) in the field of technology stocks, Industrial Fortune (601138), and Aura New Network (300383)Wait for individual stocks.

  The net inflow of foreign A-shares has exceeded one trillion yuan, and at the same time, it is standing at a new starting point in 2020. Will Northbound funds continue to “buy, buy and buy” in the future?

  Guosheng Securities’ strategy team issued a point of view that for the A-share market, foreign countries are still significantly underweight, and unless there is an extreme change overseas, exchanges will continue to enter the market and increase A-share allocation.

Judging from the latest foreign shareholding, although it has experienced accelerated inflows in the past 2-3 years, the current foreign shareholding ratio is only about 3%, and it is still in the process of “water flows to a lower place”.

  The agency reviewed the history of A shares since 2002. The pricing system of A shares is mainly dominated by PE. The sentiment and expectations of PE represent the main position in A shares.

It is precisely because EPS in the pricing system is relatively low that A-shares often appear distorted far beyond the fundamentals.

  The institutionalized market will form the pricing range of EPS. Eventually, stock market volatility will decline, gradually return to value, and return to profit.

Guosheng Securities believes that this phenomenon is happening in foreign favored A-share advantage industries-food and beverage sector quietly.

Since 2017, a large amount of foreign capital has flowed into the food and beverage industry. Since 2017, the food and beverage sector has increased by more than 70%, EPS has increased by 72%, and PE has increased by only 6%. EPS has been the main reason for the growth of the food and beverage sector.

  Guotai Junan’s strategy team believes that the Chinese market has had an obvious “foreign investment effect” in the past two years.

From a medium and long-term perspective, the opening of China’s capital market has just begun, and overseas capital will still be in a continuous stage.

The stock market environment has improved significantly this year, and the net size of northbound funds has expanded. It is estimated that by 2020, net foreign inflows will be between 250 billion and 350 billion.

  China Merchants Securities believes that in 2020, the expansion of A-shares by MSCI and other international indexes will improve, and the passive incremental funds brought by it will decline accordingly.

However, considering that the current level of foreign capital holdings in A-shares is not high and is still in the stage of adding positions, referring to the process of South Korea’s division of MSCI, it is expected that overseas funds will still have a net inflow of 250 billion to 300 billion US dollars in 2020.

ZTE Corporation (000063) 2019 First Quarterly Report and Interim Report Commentary: Operators’ Business Exceeds Expectations, 5G Leaders Consolidate and Consolidate

ZTE Corporation (000063) 2019 First Quarterly Report and Interim Report Commentary: Operators’ Business Exceeds Expectations, 5G Leaders Consolidate and Consolidate

Core point of view In Q1 2019, the revenue / net profit attributable to the mother / net operating cash flow are 222 respectively.



60 ppm, at least -19.

34% / + 115.

95% / + 836.

19%; the proportion of R & D investment continues to increase, and 5G leaders continue to consolidate; the company expects to achieve a net profit of 12 in 2019H1?
$ 1.8 billion.

The overall gross profit margin has increased significantly, and operating cash flow has improved significantly. Judging from the steady recovery of the operator’s business, it exceeded expectations.

Maintain 2019/2020/2021 EPS forecasts as 0.



80 yuan, the current corresponding PE 29/16/15 times, maintain “Buy” rating.

  The gross profit margin increased significantly in Q1 2019, judging that the operator’s business revenue 北京夜网 share and gross profit margin both rose, exceeding expectations.

In the first quarter of 2019, the company’s overall revenue fell the most, mainly due to overseas consumer business being subject to US sanctions and increased segmentation; the overall gross profit margin increased to 39.

97% (+5 MoM.

72%, +11 in the past.

72 pcts), it was judged that the revenue share and gross profit margin of the operator’s network sub-services both rose, and the recovery progress exceeded expectations.

Assume that the gross profit margin of consumers / government and corporate affairs in the first quarter of 2019 is maintained at 12 in 2018H2.

53% / 29.

24%, the average quarterly revenue after maintaining sanctions for government and corporate affairs is about 2.3 billion, and the proportion of consumer business is 13?
18% (2018H2 is 16.

75%), it is estimated that the corresponding consumer business revenue is about 3 to 4.1 billion. In 2019Q1, the operator business revenue is 158?
16.9 billion (median 16.4 billion) with a gross profit margin of 46.


14% (median 43.

72%), which has exceeded the normal level in 2017Q1.

  Operating cash flow has improved significantly, and the forecasted expense ratio has room to fall.

2019Q1 The company’s legal affairs costs and personnel costs increased, and management costs12.

6.1 billion (+93.

09%); exchange losses and interest expenses increased, financial expenses 7.

7.7 billion (+317.

94%), the overall expense ratio is as high as 31.

06% (+13.

74pcts, ten years +18.

88pcts), dragging down corporate profits.

2019Q1 The operating cash flow improved substantially, and the financial expense ratio (3.
50%) decline can be expected.

Along with the company’s strategic focus on the main channel business, it has contracted and strengthened operational management and execution, the impact of the “embargo incident” has been gradually eliminated, and the management expense ratio (5.

68%) expected to return to normal levels, predicting that the company’s expense ratio will continue to decline in the future.

  The proportion of R & D budget has continued to increase, and the budget of 5G leaders has continued to consolidate.
After the “embargo incident”, the company’s strategy focused on the 5G main channel, and the proportion of restructuring R & D investment maintained at more than 10%, which increased to 12 in 2018.

75% (R & D investment of 10.9 billion), further increased to 13 in the first quarter of 2019.

93% (3.1 billion investment in research and development), continued to increase the implementation of research and development strategy resolutely.

2019 is a critical stage of 5G commercial deployment. The company has more than 3,000 5G related patents, and is one of the only vendors in the world with sufficient energy to provide end-to-end 5G solution.Exceeding the level in 2017 not only indicates the high customer stickiness and high-tech door logic of the business, but also means that the company’s 5G leader’s appearance is constantly consolidated.

  Risk factors: Terminal business recovery is less than expected, and 5G construction progress is less than expected.

  Investment suggestion: We are optimistic that the company’s global 5G leader region will continue to consolidate, and maintain EPS forecast of 0 for 2019/2020/2021.



80 yuan, the current expected corresponding PE is 29/16/15 times, maintain “Buy” rating.

Don’t feel bad when eating, South Korea’s YOLO tribe breaks Engel’s law

Don’t feel bad when eating, South Korea’s YOLO tribe breaks Engel’s law

Recently, 29-year-old Li just resigned to travel to Japan.

Lee stated that he was tired of excessive work and wanted to devote all his retirement benefits to his time.

  With this in mind, Lee’s route to Japan is all restaurants that he usually wants to go.

Even if you hold a salary close to the minimum hourly wage, you will not be lamented on it.

I can’t buy a house anyway, enjoyment is now number one.

Lee a little bit.

  Korean media Edaily said that Lee can be said to represent the recent trend of the Korean YOLO tribe (a group of people who live and act in time as a creed).

  South Korea ‘s Engel coefficient has risen abnormally Edaily said that South Korea ‘s national income has recently increased, and 杭州夜网 strangely, the Engel coefficient is on the rise.

Among them, the growth of the YOLO clan has attracted attention.

  The Engel coefficient is the proportion of the expansion of food expenditure to the growth of personal consumption expenditure.

The smaller the income of a household, the more the proportion of household income (or total expenditure) used to buy food is aligned. With the increase of household income, the household income (or total expenditure) is used to buy food.The proportion has fallen.

By extension, the poorer a country is, the percentage of the average income (or average expenditure) of each nation’s expenditure on food purchases will be converted into the wealth of the country, and this proportion will decline.

  However, this Engel’s law has recently been breached. Next year, South Korea ‘s per capita income will exceed $ 30,000. Under this background, the Engel coefficient has reached a new high in seven years.

  According to data from South Korea on the 8th, the Engel coefficient was 12 last year.

66 is 2009 (12.

56) since the highest value.

Air Force, Engel’s law has been reflected in South Korea, up to 43 in 1970.

53, 1990 and 2000 were 26.

84 and 15.

98, 2007 was cancelled12.


  Hong Jun-soo, a research member of the Korean YOLO Institute of Modern Economic Research, which has driven the Engel index up, said that the Engel coefficient in South Korea has fallen to a relatively low level, and it is difficult to drop significantly.

Economic development, the increase in dual-worker families, and the increased number of meals outside the home may all lead to an increase in the Engel coefficient.

  The report said that the popular dessert afternoon tea set centered on the young layer is an example.

According to data from the Ministry of Agriculture, Forestry and Food, the Ministry of Agriculture and Forestry, and the Korea Agricultural and Aquatic Food Distribution Corporation, the size of the confectionery market in South Korea last year reached 987 billion won.

  Relevant persons in the LG Economic Research Institute believe that it is difficult to save money and buy a house. Many YOLO people seek comfort through food. The appearance of star chefs and the high development of SNS have also made more and more people pursue small luxury in comfort.Go to high-end hotels for afternoon tea, desserts and more.

Original title: Do n’t feel bad when eating, South Korea ‘s YOLO tribe breaks Engel ‘s law

Real Madrid Technology (603181): Interim Report Meets Expectations The Small Variety Segment Continues High Growth

Real Madrid Technology (603181): Interim Report Meets Expectations The Small Variety Segment Continues High Growth
2019H1 net profit increased 44 in ten years.5%, the performance is in line with expectations Real Madrid Technology released the 2019 Interim Report on August 20, the company achieved revenue of 8.6.6 billion, an increase of 6 in ten years.6%; net profit 1.1.8 billion, an increase of 44 in ten years.5%, performance is in line with expectations.Press 2.According to the latest equity calculation of 8 billion shares, the corresponding EPS is 0.42 yuan.Among them, Q2 achieved revenue of 4.5.9 billion, an increase of 5 in five years.5%, net profit is 0.63 trillion, an increase of 35 in ten years.0%.We expect the company’s EPS for 2019-2021 to be 0.98/1.18/1.42 yuan, maintaining the “overweight” level. Steady growth in sales of small varieties led to improved performance, and a report on net growth in raw material prices helped the company’s sales of large varieties.91 for the first time, higher than the value added 9.2%, average price 0.86 million / ton, previously downgraded by 23.1%, corresponding to the realization of revenue 3.35 trillion, down 16 a year.1%; small variety plate sales 3.70 initially, an increase of 33 a year.2%, average price 1.430,000 yuan / ton, previously downgraded by 3.5%, corresponding to a realized revenue of 5.30 trillion, an increase of 28 in ten years.5%.In terms of subsidiaries, Lukean achieved a net profit of zero.5.5 billion yuan, an increase of 70 a year.6%.The company’s main raw material epoxy resin / propylene oxide average purchase price for 2019H1 dropped by 26% / 16% to 0 each year.66/0.900,000 yuan / ton, the comprehensive gross profit margin extended by 2.8 points to 22.3%.During the 2019H1 period, the company’s expense ratio decreased by 0 year on year.4pct to 8.0%, of which the financial expense ratio decreased by 0.5pct to 0.1%, mainly due to reduced borrowings and exchange rate changes. The recent staged rebound of the original price was affected by the typhoon, and the reorganization price in the early period has increased. According to Baichuan Information, the latest offer in East China is 1.88,000 yuan / ton, up 8 from the average price in the second quarter.9%, the latest price of epoxy resin (Liaoyang Petrochemical) is 0.780,000 yuan / ton, an increase of 3 from the average price in the second quarter.0%.Affected by the order pricing model, we expect a small distortion in the gross margin of the small variety sector in the third quarter. The release of investment projects’ capacity and 10 candidate new projects will help the company grow 7.7 kinds of special polyether, high-end synthetic ester projects will be fully put into production in December 2019, some of which have been put into production in the first half of the year, contributing to the company’s large and small variety output, 0.8 The initial polyetheramine is expected to be put into production by March 2020, and the company expects the project to achieve annual revenue of 12.800 million, net profit 0.9.4 billion.In addition the company invests 9.The $ 700 million 10 initial new material resin and special industrial surfactant project will stop 35% of the 2019H1 project progress and is expected to be put into production by December 2020. Maintain “Overweight” rating We maintain the company’s net profit forecast for 2019-2021 is 2 respectively.7/3.3/4.0 million, corresponding to 0 EPS.98/1.18/1.42 yuan, based on the estimated level of comparable companies (average 20 times PE in 2019).淡水桑拿网 Considering that the company is a leading domestic specialty surfactant, its comprehensive competitive advantage is obvious, but the company’s capital expenditure is relatively flat, and the periodical growth is slowing down. 18-20 times PE, corresponding to a target price of 17.64-19.60 yuan, maintaining the “overweight” level. Risk reminder: Downstream demand does not meet expected risks, and core technology is at risk of confidentiality.

Three high old people who love to play

“Three high” old people who love to play

“Every time I buy new toys for my son, our old lady, who is almost 70 years old, is playing hardest!
“” My dad is a bit old and has a fight with the young ‘digital master’. He hasn’t learned Pinyin well, so I have to force him to teach him to text.
Now I’m urging me to buy a new computer so that I can eliminate the current one for him.
Many old parents who love to taste new and entertaining have expressed their incomprehension.
The image of the old man seems to be conservative and stable. Why is there so many old children in life?
  Xi Zhonghuai, a psychiatrist at Beijing Anding Hospital, believes that the “three highs”, that is, a high level of mental health, a high level of material life, and a high level of mental life, are the prerequisites for the elderly to play well.
The old people’s mentality is positive and healthy, and one of the major manifestations is to maintain good social learning ability and have a strong interest in new information.
The convenience and richness of modern material life also make it more likely that older people will be freed from daily household chores, allowing them time and conditions to “play.”
In addition, a high level of education and a good family environment are also a major feature of the elderly who love to play.
“Of course, it has something to do with personal character and hobbies.
In the deeper aspect of the mind, Xi handsome said that the compensation for aging anxiety is also working.
With the weakening of physical functions, the change of social status, and the shrinking of the life circle, the elderly group generally has a feeling of powerlessness and disconnected from society. They are eager to participate in and enjoy modern life, realize their own value, and gain the respect and recognition of their needsStill strong.
Many people feel anxious, sad, and lament that they are “not in a good time.”
In order to achieve physical and mental balance, a compensation mechanism is created psychologically, showing a strong curiosity and curiosity, so as to keep pace with social development.
  ”It is important that the public’s incomprehension towards the elderly is a reflection of the negative image of the elderly that is common in modern society.
“West handsome pointed out.
Age discrimination is actually much more common than people think, but it is more concealed. It usually manifests as a prejudice against the image of the elderly, thinking that they are frail and sick and useless.
In fact, only 5% of the elderly over 65 years of age live in hospitals, and the proportion of elderly people who have lost their ability to take care of themselves has been declining in the past ten years.
And three-quarters of the elderly’s psychological abilities are lost due to social, political, and cultural aspects rather than medical aspects. Although their fluid intelligence such as perception, memory, and computing speed have declined, their skills, language skills, and judgment have been reduced.Crystal intelligence is far superior to young people.
Many psychologists have also proven that the self-assessment of the elderly is much more positive than the average person thinks.
“It’s not the old man who keeps the old, but our view of the old man.
In addition, this phenomenon also highlights the current situation of lonely life and lack of sufficient psychological needs of the elderly.
Western cultural individualism prevails, and the elderly can enjoy themselves. About 30% of toys on the market are designed and developed for the elderly.
The psychological satisfaction of the elderly in China comes more from interpersonal relationships. Now their children are less companioned. The richness of leisure life has not been valued. Naturally, they are interested in seeing new things.
Therefore, in addition to understanding and supporting the parent’s playful heart, children should also believe in their learning abilities, affirm their wisdom and experience, and provide them with more opportunities to “play fresh” and teach them to use and communicateExperience, so that their interpersonal and psychological needs are met.

Y-shaped abs

Y-shaped abs

Fashion trends, stars praise, “Y” abdominal muscles have become a new indicator of beautiful belly, beautiful belly will also become an indicator of whether a woman cherishes her body or even loves life.

“Y” shaped belly, derived from the perfect ratio of muscle and aunt.

Therefore, if you want to show “Y” in the abdomen, you must go through a long and hard exercise.

Mortality therapy?

Can only have dried up; Liposuction?

It can be very intolerable when exposed . Really, there are no shortcuts, practice it, you!

  ”Y” training points 1.

Slower movements cause the focus to focus on abdominal muscles and experience muscle contraction.


Perform abdominal muscle exercises 3-5 times a week, choose 2-3 actions each time, and do 15-20 times each.

Take 1 minute rest between movements.


Train for one and a half hours after a meal or eat after half an hour.


The diet is based on the principles of high protein, low feces and low carbohydrates. Only abdominal exercises can not have a charming belly. It must be accompanied by aerobic exercise.


Hang your legs and grab the horizontal bar on your head with both hands.

Lift the bilateral extensor upwards, inhale while squeezing and contracting the abdominal muscles, and then lower your legs to extend the abdominal muscles.

If you twist your body while your legs are raised, you can shift your focus to the abdominal obliques.


Pull the loader and turn the handle of the puller to the same height as the waist. Hold the handle of the puller with both hands and keep it straight on the body.

Keep your chest still, keep your arms straight, turn your waist, and turn the puller handle to the other side of your body.

Exhale when exerting force and inhale when reducing.


Lie on your back with your head up, and lie on your abs training board, holding your hands to secure your body.

Stretch your legs together and straighten, and slowly lift them to the front to leave the board.

Then lower it, but do not let your feet touch the ground.

Exhale when exerting force and inhale when reducing.

Cantilever legs and knees are straightened, hold the parallel bars with both hands to support the body, and hang the body in the air.

Put your legs together and bend your legs to close your abdomen.

Exhale when exerting force and inhale when reducing.

Pull the body to bend the abdomen with both hands. Hold the puller with the tip of the rope facing down, kneel on the mat, bend your elbows and keep it still, make the body bend down to the body in an arc.vertical.

Who’s healthier than kissing?

Who’s healthier than kissing?

In Zhou Xingchi’s “Journey to the West”, the deep kiss between Supreme Bao and Zixia Fairy was a classic to this day.

Nowadays, many countries are gathering kissing contests with different themes to convey different health concepts, so that couples can gain rare health enjoyment in a passionate kiss-.

hzh{display:none;}  意大利:水下接吻,提高肺活力  浪漫的意大利总是别出心裁,连亲吻大赛都别出心裁.

They will take part in the Italian resort of Reggio.

Couples spend longer underwater than stitching kisses.

Kissing underwater needs to hold your breath completely, which is the best way to increase the vital capacity of two people.

During the game, the human alveoli will transform deep breathing into alternative activities.

You and him will not prevent you from experimenting at home, and you will experience a different kind of kiss.

The record of this kiss contest is 1 minute and 51 seconds. Challenge it!

  Venice: 60,000 people kiss, physiology and SPA Water City Venice has always been a yearning for couples, and the kissing contest held here has attracted 60,000 people, and 30,000 couples embrace each other.

The organizer proposes that the energy of two people transferred to the other’s body will promote blood circulation and help the body detoxify.

At the same time, increase each other’s emotional pleasure.

Imagine the grand occasion of 60,000 people hugging and kissing. Do you also want to try this kind of natural SPA?

  Switzerland: kissing the marathon and promoting oral health!

  The Swiss Senior Metropolitan Antique Kiss Marathon is at least to break the 30-hour, 59-minute, 27-second kissing world record set by an American couple, and hopes to raise people’s awareness of oral hygiene.

Participants’ athletes must receive more rigorous oral health training before this, including how to adjust their diet, brush their teeth correctly, and use dental floss with different functions.

In this way, not only the interaction between the two people is increased, so that the love between couples is stronger, but it is also a very good promotion for oral health!

  Hong Kong: Kissing has skills, the more you kiss the healthier Every year, in the WTC more World Trade Center in Hong Kong, there will be an antique theme of “Kissing Healthier” kissing contest.

Couples from different countries will sit in unique love chairs, and in the public eye, use various techniques to kiss their other half.

Among them, “French wet kiss”, “Plato kiss”, “orange kiss” and other techniques appeared.

Thorough health experts commented on various kissing techniques on the spot, and pointed out that often changing the way to kiss, so that the head and facial muscles are fully exercised, and greatly improve the body’s immunity, so that two people who are immersed in love-love each other。

hzh{display:none;}  私家定制接吻大赛  其实,即使只有两个人,也可以定制属于自己的接吻大赛,不但提升接吻的新鲜感,更可以让健康上升得快些,更快些。  1.

Skill competition.

Unleash all your wisdom, imagine all the ways you can kiss each other, how to mobilize each other’s emotions and physical movements, each person comes up with 3 solutions, the most innovative one wins.


Time competition.

It’s also a kiss to hold your breath, to see who can stick to it for a while, this is a good way to take a spirometry!

Aerobics: Don’t let sports hurt your good mood

Aerobics: Don’t let sports hurt your good mood

Because aerobics is accompanied by strong rhythmic music, it uses a large number of joints with large amplitudes such as lower extremity running and jumping and shoulder breaking. Therefore, it is insufficient in training level, improper teaching and training arrangements, and poor physical and psychological conditionsIt is easy to damage.
The occurrence of sports injuries will have a negative impact on the health, learning, work, and psychology of athletes.
  The following is a brief introduction to the causes and prevention of sports injuries prone to aerobics.
  I. Sprains on step joints Causes: Insufficient preparations before exercise, poor stretch and elasticity of ankle ligaments; incorrect foot landing techniques; body out of balance when jumping and landing, and unequal venues.
  Symptoms: Local pain in the ankle, swelling quickly and gradually extending to the front of the ankle, local subcutaneous congestion; lameness.
  Preventive measures: 1.

Before exercise, be sure to prepare for activities, especially the ligaments around the ankle, to improve joint flexibility.

Strengthen the exercise of ligament muscles around the ankle, and perform lifting exercises and weight lifting exercises to improve the strength and flexibility of the joints.

In running and jumping exercises, emphasize the correct technique of landing on the feet.

When the body is in fatigue and bad state, avoid difficult exercises and reduce exercise load.
  Treatment: Immediately after the sprain, stop the exercise and press the thumb to stop bleeding to check whether the ligament is completely broken.
Within 12 hours, ice packs can be used for cold compresses and pressure bandaging to prevent capillary dilation from continuing to bleed and raise the affected limb.
After 24 hours, external application of wound medicine, physical therapy, acupuncture, massage, injection of pain points of the drug, and support band fixation can be selected according to the injury.
Perform ankle function exercises early, such as anti-resistance activities of the ankle joint, jogging on the sand, etc., to accelerate the functional recovery of the ankle joint.
  If the ligament is completely broken, it should be fixed first aid and sent to the hospital for further treatment.
  2. Causes of fatigue periostitis: A large number of running and jumping movements cause the body’s gravity and the reaction force on the ground to focus on the convex surface of the curved part of the bone (front of the tibia), causing stress damage to the periosteum.
  Symptoms: Pain: local pain after training, severe pain when walking or not exercising, most of the pain is hidden pain, involving pain.
  Swelling: Mild pitting edema in local soft tissue.
  Tenderness: tenderness on the medial side of the cavity, the posterior edge, or the lower end of the fibula; in severe cases, small nodules or masses can often be touched on the medial side of the tibia, and the pain is intense.
  Pain or support pain: Pain is noticeable when doing back support or support.
  Preventive measures: 1.

Be well prepared.

Properly grasp the running and jumping techniques, pay attention to the relaxation in the movement and the cushion of landing to reduce the impact of the ground on the calf.

Reasonably arrange exercise volume and improve training methods.
  4.Avoid running and jumping on hard ground for a long time.
To prevent cold, use various methods such as self-massage after exercise to eliminate the calf muscle fatigue in time.
  Treatment: Those with milder early symptoms do not need special treatment. They only use elastic bandages to wrap the calf, and adjust the training plan to reduce the amount of lower limb exercise or lower limb activity, and raise the affected limb at rest.
Those with severe symptoms should pay attention to rest, wrap the calf with an elastic bandage, raise the affected limb, and can also use Chinese medicine fumigation or external application, physical therapy, iodine ion introduction or microwave treatment, massage, etc. The massage method is to knead and shake the calfAll muscles are mainly used at the same time, and Yin Lingquan, Yanglingquan, Zusanli, Chengshan, and middle acupoints are massaged.
  3. Sacral strain: Caused by running and skipping a lot, long-term excessive burden on the knee joint, or accumulation of repeated micro-injuries. It can also be caused by a local impact and drag.
Especially when the knee joint is in the squatting position, due to the loosening of the ligaments, the tensile tension of the patella tendon and the patella ligament and the compressive force between the corresponding articular surfaces of the patella and femur are large.
If the squat position “jumps” or twists and turns when the force exceeds the physiological load of the tissue, it will affect local metabolism, cause cell degeneration and necrosis, and cause a series of pathological changes such as tendon fiber hemorrhage, degeneration, and hyperplasia.  Symptoms: Early or mild people experience knee pain and soft knees after heavy exercise.

Symptoms are relieved after the break; the progress of the complications is relieved, the pain gradually worsens, the symptoms are relieved after preparing for activities, and then worsened after the training.

In severe cases, it also hurts when walking and sitting.

There is oppression at the tip of the sacrum and the periphery of the sacrum.

The pain of knee joint extending to 110-150 degrees is obvious.

  Preventive measures: 1.
Reasonably arrange the amount of exercise, avoid excessive local load, and cancel the “single one” training method.

  2.Strengthen the lower limb muscle strength training, especially the quadriceps strength training.

  3.After each training, do a one-foot squat test, find the brakes early, and treat them in time.

  4.After training, you should wipe off your sweat, keep warm, prevent wind and cold, and use hot water bath and massage to eliminate local fatigue.

  Treatment: straight leg lifting method, patella twitch method, climbing step method, high-level static squat method, etc., can receive certain treatment effects.

In addition, you can also use physical therapy, external application of traditional Chinese medicine, acupuncture, external application of traditional Chinese medicine penetration or direct current introduction, massage and so on.

If long-term conservative treatment is not effective, patients with sacral cartilage with increased symptoms should be treated with surgery.

  Fourth, the cause of muscle strain: When completing various actions, due to the active and vigorous contraction (contraction) of the muscle, its force exceeds the capacity of the muscle itself, active or passive muscle strain can occur.

  Symptoms: Partial pain after muscle strain, tenderness, swelling, muscle tension, stiffness, stretching, dysfunction, and pain increase when the injured muscle actively contracts (contracts).

  Preventive measures: 1.
Be fully prepared.

  2.Strengthen the strengthening of muscle groups in vulnerable areas and strength training.

  3.For various exercises of passively pulling muscles, attention must be paid to step by step.

  Treatment: Early stage: cold compress, pressure bandaging, raising the wound.

Appropriate braking to prevent swelling, analgesia and reduce fatigue.

  Medium-term: For those with mild symptoms, 24 hours after the injury, external wound medicine, physical therapy, injection of pain points, massage, etc. can be used to accelerate regeneration and repair.

  Follow-up: Strengthen and restore muscle function. Massage, physiotherapy, and functional exercises are often used, and drug therapy (external dressing or fumigation) is appropriate.