Depth-Company-Adisseo (600299): Equity structure optimization plan nears completion of new proposal system exceeds expectations

Depth * Company * Adisseo (600299): The optimization plan of equity structure is close to completing the new proposal system exceeds expectations

Adisseo announces that it intends to purchase 15% equity of Bluestar Adisseo Nutrition Group Co., Ltd. from China Bluestar (Group) Co., Ltd. in cash. After the acquisition is completed, the listed company will hold the target company.100% equity.

At the same time, the company disclosed a new company executive compensation system, which will be closely linked to the company’s operations and the interests of small and medium shareholders.

  Key points of the support level The optimization plan of the equity structure has been advanced smoothly, while simplifying the governance structure and increasing the company’s performance.

The listed company will acquire 15% equity of the target company held by Bluestar Group, and ultimately achieve 100% control.

The forecast of the underlying equity is estimated at 36.

1.4 billion US dollars, equivalent to about 8 worth of listed companies.

63 yuan / share.

  The controlling shareholder of a listed company promises to keep it below 8 for 30 consecutive trading days within one year after the transaction.

63 yuan / share will be implemented steadily through increasing holdings.

In addition, the pricing mechanism for liquidity discounts in transaction pricing will help listed companies increase their returns.

According to the simulation calculation of Adisseo’s 2018 annual report, the net profit attributable to mothers in 2018 will be 9 after the transaction is completed.

26 trillion increased to 10.

89 million, the listed company’s budget revenue will be from 0.

35 yuan / share increased to zero.

41 yuan / share.

Therefore, we believe that the transaction from the “form” (equity structure) to “content” (performance) is beneficial to the listed company.

  The new remuneration system closely links executive compensation with company operations, and is conducive to protecting the rights and interests of small and medium shareholders.

The executive compensation stipulated in the new salary system includes basic salary, annual bonus, and medium-term (long-term) incentives.

In addition to assessing individual performance goals, annual bonuses also assess company performance goals, which may include safety performance, revenue, earnings before interest, tax, depreciation, amortization, free cash flow after tax, and / or return on capital.

Long-term incentives will mainly assess the ability to continuously create value for shareholders, which may include total shareholder returns, returns on existing assets, profitable growth, and the quality of the company’s earnings.

  In addition, the company also set a five-year (2019-2024) reward and punishment adjustment factor, which will help the assessment of leadership and the company’s market value more closely.

The introduction of this remuneration system bundles executives with the company’s operations and the rights and interests of small and medium shareholders. It not only unites the community of interests between executives and small and medium shareholders, 四川耍耍网 but also reflects the company’s confidence in future development.

  It is estimated that the company ranks second in the global methionine market share, and liquid methionine occupies the first place in the world.

In the future, the company’s production capacity will expand, and the profitability industry will be the best.

It is expected that the EPS for 2019-2020 will be 0.

43 yuan, 0.

51 yuan, corresponding PE is 24 times, 20 times.

Maintain BUY rating.

  The main risks faced by the rating are outbreaks of large-scale epidemics; emergencies such as environmental protection and safety; sudden increases in raw material prices or a key intermediate supply interruption; project construction is not up to expectations; abnormal exchange rates affect the company’s performance.

Subbot (603916): Industry concentration accelerates the company’s performance

Subbot (603916): Industry concentration accelerates the company’s performance
Report Summary: Event: The company issued an announcement stating that the company’s net profit attributable to its parent in the first half of 20191.33 ‰, an increase of -23% in ten years.310,000 yuan, an increase of 129% in ten years.  The increase in industry market share is the driving force behind the company’s continued growth.The concrete admixture industry has a market space of about 50 billion yuan, and it has maintained a steady and increasing trend overall. It is a market-conducting variety in fine chemicals.But at the same time, concrete is a market with a high degree of competition, with multiple markets scattered, CR4 is only 10%.According to statistics, there are currently more than 1,000 concrete admixture companies. Through the increasingly strict supervision of the water reducing agent industry, the environmental protection requirements are getting higher and higher, which will lead to the advantageous companies in the water reducing agent industry to continuously expand the market and increaseMarket concentration.The company’s non-net profit in the second quarter increased by 215% per year, which is precisely due to the increase in industry market share, which reflects the performance growth.  The regeneration and renewal of concrete admixture products is good for research and development leading.According to the level of water reduction rate, the water reducing agent can be divided into ordinary water reducing agent (first generation), high efficiency water reducing agent (second generation) and high efficiency water reducing agent (third generation).In the report summary, the company’s third-generation water reducer sales increased from 31 in the same period last year to 43 tons, and the volume of high-end products is obvious. It is expected that the company’s capacity expansion will continue to grow rapidly.  The company’s third-generation water reducer technology has obvious advantages.The company’s third-generation water reducing agent has a clear leading edge in the industry, and most of the company’s products use its own supporting polyether production line, which can replace the product demand and reasonably adjust the polyether formula. The product performance is continuously improved and technology-drivenProduct iterative upgrades, market space continues to improve.  Company profit forecast and investment grade: The company’s EPS for 19-21 is expected to be 0.91, 1.22 and 1.61 yuan, corresponding to PE of 13, 9 and 7 times, combined with the status quo and prospects of the industry and the company, maintaining the company’s highly recommended level.  Risk Warning: Downstream 天津夜网 Demand Is Less Than Expected

Which type of person is suitable for long-term Latin dance-

Which type of person is suitable for long-term Latin dance?

Which type of people should choose Latin as the fitness method, and which Latin dance is more suitable?

Follow Xiaobian to find out.

  Chinese classical dance pays attention to “heart, mind, qi”, with emphasis on rigid, crisp, tough and soft.

Ballet also pays attention to qi, but it is more about the control of the bones on the body.

The Latin dance is classified as a sports dance, indicating that it not only has artistic beauty, but also has the effect of strengthening the body.

Compared to other dances, for Asians who don’t pay much attention to muscle training, long-term practice of Latin dance will exercise most of the muscles of the body, which will have a more obvious fitness effect.

  What kind of person is suitable to choose social Latin dance as a fitness method?

  Social Latin dance does not require high physical ability, and is easy to learn. It can mainly dance in the ballroom or bar to relax the nervous nerves.

People who have long adhered to social Latin dance have some common characteristics: they are willing to spend money, like social activities, like curiosity but less perseverance, and separate from dancing and prefer to focus on their career.

Needless to say about money, long-term high spending in bars is not a small number. Most of them put their careers in a more important position and only treat Latin dance as a pastime.

If you don’t like to deal with strangers, you can’t persist for a long time, such men and women.

  What kind of person is suitable for long-term competitive Latin dance?

  Competitive Latin dance requires more technical skills and complementary physical abilities, which require longer learning and practice.

If you want to persist, you must have a strong interest so that you can continue to do so when you experience frustration.

Basically, there must be a relatively radial acceleration. This is not to say that too much time. Some people’s work will put a lot of pressure on their minds. They focus on their work all day. Such people are not suitable for competitive Latin.Dance as a long-term fitness method.

Of course, those who choose competitive Latin dance must have a certain research spirit and like to explore complex things. In order to learn the five Latin dances, they can persist and improve for a long time.

However, such people may inevitably make dancing affect their lives or careers, because if the leisure time spent on dancing can improve their professional level, they can also achieve certain results.

It may be the cause of stress in life. There are fewer men than women in some people.

  0 Which type of person is suitable for flamenco?

  Flamenco is a very expressive dance, and its enthusiasts can be considered a niche.

This colorful dance is suitable for people with clear love and hate, rich emotions but not melancholy, people who express their emotions directly, and do not like restrained people. Only such people can challenge flamenco’s crisp beat rhythm and provocationThe dance style, strong explosive power and graceful arm movements are performed vividly.

Of course, flamenco is also a kind of long-term focused practice to achieve better mastery.

Homemade chrysanthemum mask for whitening and removing acne marks


Homemade chrysanthemum mask for whitening and removing acne marks

Everyone knows the pathogenesis of acne (acne), which is caused by the strong secretion of androgens.

Seasonal changes should pay attention to skin cleansing and diet conditioning.

In particular, some friends’ skin cleanliness is not enough to easily cause acne.

Friends use warm water to clean the skin 3-4 times a day.

At the same time, drinking chrysanthemum tea is also a good choice. Chrysanthemum tea with honeysuckle can be used to clear heat and detoxify. You can also use chrysanthemum tea to cover the face, which also has a certain anti-inflammatory and bactericidal effect on acne.

Chrysanthemum whitening and acne-removing homemade mask material: chrysanthemum, a few, eggs one method: 1, now put chrysanthemums in a container and smash them, break the eggs, take only egg whites 3, stir the mashed chrysanthemums and egg whites evenly 4, Concentrate the moisture, wait for the egg whites to dry, cleanse the face, and apply emollients. The effect of chrysanthemum is very rich in essential oils and chrysanthemum pigments. These ingredients can effectively inhibit the production of melanin in the skin and still have the effect of softening epidermal cells.efficacy.
The mask can inhibit melanin, help whiten the skin and remove acne marks, and it also has the effect of removing wrinkles!

Why do men have to undergo circumcision?

There are some precautions for the foreskin

Why do men have to undergo circumcision?
There are some precautions for the foreskin

What to do foreskin surgery is a matter of concern for many men. In the development of society, many men have a deeper understanding of the dangers of excessive foreskin. The foreskin phimosis is very harmful. For both young and old, foreskin surgery can be performed.From a medical point of view, men do foreskin plastic surgery can improve the quality of sexual life, so why do men do circumcision surgery?

Let’s take a look at the experts with us!

Why do men have to undergo circumcision?

1, adult phimosis, penis still can not reveal the glans when erect.

2, incarcerated phimosis, is an emergency department of urology, can lead to penile necrosis.

3, because the foreskin is too long, resulting in local hygiene and poor deterioration, causing premature ejaculation.

4, because the foreskin is too long, causing local recurrent infections, and even caused adhesion between the foreskin and the glans.

5, the phimosis opening is too small, resulting in a small urine flow.

What are the precautions for the foreskin?

1, the wound cleansing circumcision must keep the wound dry and clean after surgery.

If you get the gauze when you urinate, you should go to the hospital to replace it.

Winter is more suitable for circumcision than summer, because it is very troublesome to take a bath after circumcision in summer.

2, after the operation, rest after a circumcision, the patient rests for a week or so, mainly to avoid causing local friction, irritation, resulting in penile erection, so that the wound is large and so on.

3, to avoid sexual stimulation in the foreskin foreskin to try to prevent sexual stimulation and sexual fantasies, to prevent penile erection.

Of course, the doctor will prescribe some rickshaws for the patient, but if you can’t control the sexual stimulation, it is still possible that the erection will cause the wound to rupture and delay the healing.

4, to avoid local friction men in the circumcision is expected to avoid friction, such as cycling and other sports have a greater impact on reset recovery.

About, the first week can basically return to normal life, but because the glans sensitivity is very high, there will be a short-term unnatural feeling, but it will disappear in about two weeks.

Track 2?
After 4 weeks, you can have a normal sex life.

5, urine pollution caused by patients when urinating, should try to avoid wet dressing, if the dressing is contaminated by urine, it should be replaced in time.

If it is a married man, it is necessary to pay attention to the need for the couple to separate after the operation and try to avoid sexual impulses.

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Analysis of pros and cons of men’s foreskin surgery

Skin care and anti-aging maintenance

Skin care anti-aging maintenance

Guide: Looking at the fashion circle, we were surprised by Kate Moss’s old face, but Anne Hathaway, who saw a big laugh, did not have the slightest expression pattern, and while fashion lady Olivia was demonstrating how to dress, we were also surprised to find herThe maintenance is super good.

Are there any maintenance tips hidden in these fashion circles that have gathered all kinds of fashion icons?

Come and unveil them one by one for you today.

  Kate Moss Kate Moss: Let the facial puffiness disappear When mentioning Kate Moss, we think of this immortal legend in the era of several “supermodels”, and it is already too old to faceAt the time when young and mature muscles meet, Kate pays great attention to maintenance.

  Speaking of combating sudden facial swelling, Kate admits that her method is very simple. Fill the wash basin with water, and then enlarge the ice cubes to remove the cucumber slices. This will not only make the facial skin quickly swell, but the cucumber slices will also have whitening and tightThe effect of skin tightens the swollen skin in a certain sense.

  Katy Perry Katy Perry: Make dark circles disappear without seeing the fruit sister with blue hair

  To quickly remove dark circles, Katy Perry used an upgraded version of tea bags to remove dark circles. After applying cold tea bags to the eyes for 5 minutes, then cross-legged and raised her hands to perform forward yoga exercises, which can help speed up blood circulation., Can eliminate dark circles again.

  Anne Hathaway Anne Hathaway: Make dry lines invisible. Anne Hathaway has a beautiful smile, but at the moment of laughing, she is not affected by the various “expression lines” brought by smiles.Harassment, Anne Hathaway, who pays special attention to skin care, consults a private beautician, and will usually do a few minutes of pre-makeup massage before putting on makeup. Not only can it awaken the skin, but it can also accelerate the blood circulation.Has a more natural skin glow.

  Anne Hathaway admits that during basic daytime maintenance, adding proper massage to moisturizing products will also double the skin’s moisturizing effect.

  Jessica Alba Jessica-Alba: make the skin firm and hydrated. Sexy hot mom has healthy wheat-colored skin after giving birth. At the same time, the skin has not deteriorated.

  Jessica admits that the secret to her skin becoming hydrated and firm is to use the lotion in place during the maintenance process. When a cotton pad covered with lotion is applied to the skin, it can not only quickly replenish water and drain off the dirtThe detoxification process of the east and west has initially played a role in promoting subsequent absorption.

  Olivia Palermo: Let Tears Gully No More Harassment Olivia Palermo, a lady in the Upper East Side known as the live-action version of “Gossip Girl”, has all kinds of gloryVulgar aesthetic strength, has a unique insight into the way of dressing, she also has private room care methods for skin care.

  However, Olivia ‘s beautiful face is affected by some “precocious” fine lines that affect her perfect skin. For the treatment of “tears” when smiling, Olivia thinks that the skin is in a contracted state for a long time, so it is tightThe skin will not circulate smoothly.

The use of eye cream containing ginseng, ginkgo, caffeine and minerals is better than “rubbed black coffee” to metabolize waste water, soothe and alleviate eye fatigue, and then combined with massage will make the “tear groove” no longer disturb.

  Kim Kardashian (Kim Kardashian) Kim Kardashian: To make the butt line more perfect, Hollywood has to count Kim Kardashian’s sexy buttocks, the most famous, although he laughed that the tilt is too large, so you need to try to raise the hips and shape the hipsThe maintenance of Kim Kardashian’s private hip buttocks that perfects the perfect shoulder curve is actually very simple, just walking!

  Kardashian admits that you can twist your chest with ease!

In the process of twisting your waist around your heart in peace, in fact, the chest has been exercised and plastic on the road, and you will definitely win confidence!

Xiaohan eats mutton to keep warm

Xiaohan eats mutton to keep warm

Osamu is the twenty-third solar term in the twenty-four solar terms, which coincides with “about three or nine”, marking the beginning of the coldest day of the year.

In the north, there are statements of “Original cold and cold, dripping into ice”, and in Jiangnan, there is also a statement of “Original cold and cold, turning into ice.”

  With the advent of severe cold, it is essential to keep warm and dispel the cold. In addition to ensuring sufficient energy supplement in the diet, it is recommended to eat some lamb and liver.

  The description of the role of mutton in “Compendium of Materia Medica”: “It can warm the kidneys and invigorate the deficiency, tonify the vital energy, appetizing and fitness, nourishing kidney qi, nourishing the gall and clearing the eyes, curing colds and deficient, five injuries and seven injuries”.

  From the perspective of modern nutrition, mutton belongs to animal meat, and it is recognized that protein, lipid, vitamin A, B vitamins and iron, zinc and other minerals.

The protein content of mutton is about 20%, its amino acid composition is close to the human body’s needs, and its nutritional value is high.

The content of protein in mutton is higher than that of pork, and the trace content is lower than that of pork.

Iron in mutton mainly exists in the form of heme, has a high bioavailability, and often eats sheep liver, which helps prevent the occurrence of iron deficiency anemia.

In addition to certain proteins and lipids in sheep liver, the content of vitamin A, B vitamins and iron is also very high. The content of vitamin A in 100 grams of sheep liver can reach more than 20,000 micrograms. You can often eat sheep liver.Prevent micronutrient deficiencies and increase resistance to disease.

  There are many ways to eat mutton, including fried, roasted, stewed, braised, fried, and soup.

More famous eating methods include scallion lamb, sesame mutton, braised lamb, braised lamb, fried roast lamb, hand-cooked lamb, lamb lamb, mutton soup, etc.

When mutton is stewed, it can be stewed with radishes, yam, chestnuts, and walnuts for more comprehensive nutrition.

When making mutton, seasonings such as onion and ginger are indispensable. You can remove the scent and increase the fresh flavor of mutton.

  Considering that there are too many people who are overweight and overweight in the existing residents, it is recommended to cook stewed or braised lamb more, and less fried or roasted.

The biggest advantage of stewed mutton is that it can eat meat and drink soup. On a cold morning, come with a bowl of mutton soup and a freshly cooked fire, which can fill the stomach and dispel the cold.

Lamb should pay attention to the selection of fresh meat, meat should be thorough, do not covet the taste of unfamiliar lamb, small salt content is relatively high, you should eat less.

Shish kebab is delicious and widely loved by people, but it will produce some harmful substances in the process of roasting. It should not be eaten often and eat more.

Although crispy lamb is delicious, it has higher energy and is best eaten less.

  Some people like to eat sheep brain and miscellaneous sheep. It is recommended to eat less.

Because sheep’s brain and sheep’s meat contain starch cholesterol, every 100 grams of sheep’s brain contains more than 2400 mg of plasma, and 100 grams of sheep’s meat contains about 300 millimeters of cholesterol, which is 2% of lean meat?
3 times.