Depth-Company-Bank of Shanghai (601229): Revenue growth has improved somewhat, keeping industry low

Depth * Corporate * Bank of Shanghai (601229): Revenue growth has improved somewhat, keeping industry low

From the performance report, the Bank of Shanghai’s revenue growth rate is small. It is expected that the interest margin will narrow in the fourth quarter. The company’s non-performing ratio will remain low.

Key points of the support level The growth rate of revenue is expected to narrow in the fourth quarter, and the Bank of Shanghai’s profit growth will improve, with revenue increasing by 13%.

5%, compared with the first three quarters (+19.

8%) content 6.

29 units; net profit added value in the previous ten years.

6%, compared with the first three quarters (+14.

6%) same small amplitude.

It is expected that the company’s scale growth rate in the fourth quarter has not increased significantly, and its total assets have exceeded the value added by 10.

3%, an increase of 2 from the previous month.

26%. We expect the growth rate of the company’s revenue growth rate to be mainly affected by the high base in the same period of last year and the pressure on the interest rate differential in the fourth quarter, which dragged down the performance of the growth of net interest income.

With the gradual advancement of the LPR reform, the company’s asset-side rate of return is under pressure, and it is expected that the Bank of Shanghai ‘s interest margin will narrow in the fourth quarter.

The negative average growth of capital has been steady, and the negative growth of companies with low-maintenance industries has maintained a steady growth in overall capital growth, of which the scale of loans has increased by 14 compared with the previous quarter.

3% / 1.

46%, the proportion of loans in total assets remained basically stable from the third quarter, an increase of 1 earlier.

With 52 assets, the asset-side structure was further optimized.

On the debt side, deposits increased by 13 in ten years.

8%, an increase of 0 from the previous month.

65%, the growth of deposits at the end of the year is facing some pressure.

In terms of asset 苏州夜网论坛 quality, the company’s NPL ratio is 1.

16%, a decrease of 1BP month-on-month, and the NPL ratio is at the industry level. In 2019H, loans / non-performing loans that are overdue for more than 90 days are 92%. NPL ratio is strict, and asset quality is generally stable.

At the end of the fourth quarter, the company’s provision coverage ratio was 337.

2%, an increase of 3 from the previous quarter.

79 levels, the ability to resist risk is further enhanced.

We estimate that the annual revenue of Bank of Shanghai in 2020/2021 will be 1 respectively.

63 yuan / 1.

81 yuan, corresponding to the previous net profit growth of 11 respectively.

6% / 11.

0%, which currently corresponds to a market surplus of 2020/20215.

67 times / 5.

10 times, the city’s net carbon dioxide is 0.

75 times / 0.

67 times, maintaining the overweight rating.

Major Risks Facing Ratings Economic Downturn Leads to Deteriorating Asset Quality

Smart Investment-Ping An Bank (000001)

Smart Investment-Ping An Bank (000001)
We participated in the retail bank open day event organized by Ping An Bank in Shenzhen last week.We believe that relying on Ping An Group’s comprehensive support and customer resource transformation advantages, the bank’s retail business has great development potential. The retail transformation has entered the second phase.Ping An Bank officially launched a retail transformation plan in the second half of 2016. The ultimate goal is to expand the retail customer base (approximately 40.5 million at the end of 2016) and increase the proportion of retail business in revenue (30 in 2016).6%).As of 2018, Ping An Bank had 83.9 million retail customers, and its retail business contributed 53% of its operating income.Since the fourth quarter of 2018, Ping An Bank has entered the second stage of its retail transformation. The main goal is to improve the profitability of the retail business. The main measure is to vigorously develop the private banking and wealth management business. Establish a “3 + 2 + 1” core system.Ping An Bank has established a unique retail business framework, which is mainly composed of three parts: three business modules, namely basic retail, consumer finance and private banking; two core capabilities, namely cost management and risk control; and an endogenous driverThat is artificial intelligence (AI).Basic retail brings growth in customer base and business volume, while consumer finance and private banking are the main drivers of profitability and AUM. Rank with “Benchmarking”.The market generally considers China Merchants Bank (600036 CH, unrated) to be the best retail bank in China.Therefore, we compare the retail business of the target bank from the following dimensions: 1) the contribution to operating income and profit, 2) the 苏州夜网论坛 structure and pricing of loans and deposits, 3) the ratio of non-performing loans, 4) the number of retail customers and aboveAUM per passenger, and 5) Cost-to-income ratio.The results show that Ping An Bank’s revenue and assets share in retail business are similar to those of China Merchants Bank, but it is inferior to China Merchants Bank in terms of operating efficiency, asset quality and profitability. Summary of Fourth Quarter 2018 Results.One of the highlights is the expansion of net interest margin, which increased 13 basis points in the fourth quarter in a single quarter, driving an increase in operating income by 15.8%.In the case of an increase of 41% during the impairment provision period, Ping An Bank’s long-term net profit has still increased by 7%, exceeding most of the joint-stock peers.In addition, Ping An Bank’s non-performing loan coverage for overdue loans over 90 days has also improved significantly, an increase of 22 substitutes to 103%; this indicator has continued to exceed 100% in the past few years, suppressing estimates.Tighter bad confirmations will help reduce regulatory risks and also help release Ping An’s future performance momentum.The main weakness is that the bank’s capital level is still weak.At the end of the fourth quarter of 2018, the core tier one capital adequacy ratio was only 8.54% (the regulatory red line is 7.5%).However, Ping An Bank successfully issued 26 billion yuan of convertible bonds in January this year, and after a full conversion, it can raise the capital yield by 110 basis points. Estimates and potential catalysts.Ping An Bank currently estimates it to be 0.85 times the forecast price-to-book ratio in 2019, while A-share listed banks average 0.87 times, China Merchants Bank-A is 1.34 times.If Ping An Bank’s retail transformation strategy can promote the improvement of financial performance, it will also bring upside for this expectation.At the same time, Ping An Bank will also be the main beneficiary of targeted reductions for small and medium-sized banks.

The color choice of the sheets is particular about

The color choice of the sheets is particular about

Orange sheets-Inducing appetite can help calcium absorption. For example, light orange sheets in the elderly’s room can induce appetite and lead to calcium absorption. Second, it stimulates people’s spirits and makes them happy.

Or choose blue, which can help reduce headaches, fever, and insomnia.

  Red Sheets-Insomnia, neurasthenia, and cardiovascular patients should avoid using bright and thick red sheets in the bedroom of newlyweds, which not only adds a festive atmosphere to the room, but also stimulates the nervous system, increases adrenaline secretion and enhances blood circulation.

But too much exposure to red can cause worry.

Therefore, patients with insomnia, neurasthenia, and cardiovascular disease should not use red sheets or decorate their homes to avoid aggravating the condition.

  Tender green sheets-soothing nervous and irritable people should use people who are emotionally unstable and irritable. Tender green sheets should be used in the room to calm down and relax the tension.

In general, the color of the bedspreads is mostly elegant.

  Golden yellow sheets-Depression and mania are contraindicated. Golden yellow is likely to cause emotional tension, so people who cause depression and mania should not use golden yellow.

  Blue sheets-computer, suitable for white-collar workers. If the owner of the room has high blood pressure or hypertension, it is best to put light blue sheets to help lower blood pressure and return to normal pulse.

In addition, blue is also suitable for white-collar workers with excessive brain.

  Purple Sheets-Careful use of purple in heart disease patients can maintain the balance of potassium in the body and have a soothing effect, but it has a depressing effect on the motor nerve and cardiac system, so patients with heart disease should use purple sheets carefully.

  Pink Sheets-Autism, the depressed person is suitable to let the angry person watch pink, and the emotion will calm down quickly, because pink can reduce the adrenal hormone secretion of the person, thus making the mood stabilize.

For those with autism or depression, they may choose pink sheets.

  In addition, in spring and summer, the temperature is relatively high. The color of the sheets should be fresh and elegant, and the size should be thinner. In the autumn and winter, the temperature drops and the weather is cold.Choose a thicker fabric in size.

How do thin people with small bones work out?

How do thin people with small bones work out?

I am a thin person with a small bone. I am 24 years old this year. I don’t dare to associate with a girl so thin.

How do thin people exercise, how to strengthen the body.

Thank you.

  Here is a fitness plan for you in this situation. Monday pull-up 3×12
RM heavy hammer sitting down 4×10 sitting position boating 4×8 standing posture leaning over rowing boat 3×12 standing posture barbell curling 3×12 sitting postureDumbbell curling 3×10 Wednesday barbell bench press 6×10 dumbbell bird 4×10 puller clip chest 4×8 butterfly clip chest 4×8 weight down 3×10 dumbbells bent arm extension 3×12 Friday barbell sitting position 4×10 dumbbell front flat 3×12 dumbbell side flat 3×12 dumbbells bent side flat 3×12 sit-ups 3×25 goats body 3×15 Saturday squat 4×12 legs lift 5×10 sitting legs flexion and extension4×12 prone leg curling 5×12 踵 6×12 thin people how to exercise diet plan: (reference) breakfast 8:00, yogurt or milk 250ml, vegetables and fruits, a cup of oatmeal or three whole wheatBread, 4 eggs (two whole eggs, two protein) plus 10:00, two slices of bread, orange juice, 12:00 lunch, 150g of staple food, 200g of red meat, 200g of vegetables, medium amount of fruit and 14:30.Protein two, banana one, milk 200ml training 16:00, dinner 18:00, staple food 100g, white meat 200g, vegetables 200g, fruit right amount: high protein, low,残Stay was adequate.

Vitamins, minerals, and plenty of water.

Bodybuilding Food: Coarse Grain Boiled Potato Corn Oatmeal, Apple Orange Peach Banana Juice, Various Vegetables, Beans Milk Yogurt Chicken Breast, Lean Beef, Fish, Eggs, Eggs, Junior Fitness The first thing is to master the correct exercise method and develop good dietary regulations.Be sure to step by step, there is an old saying in the fitness circle called 3 points to exercise 7 points diet, so pay attention to nutrition, sleep and exercise.

  14 tips for strengthening muscle mass: large weight, low frequency, multiple groups, long displacement, slow speed, high density, consistent movement, peak contraction, continuous tension, relaxation between groups, more muscle groups, eating after trainingProtein, rest for 48 hours, rather than leave.


Large weight, low number: In bodybuilding theory, RM is used to indicate the maximum number of repetitions that a certain load can continuously make.

For example, if the practitioner can only lift 5 times for one weight, the weight is 5RM.

Studies have shown that: 1-5RM load training can make muscles thicker, develop strength and speed; 6-10RM load training can make muscles thicker, strength speed increases, but endurance growth is not obvious; 10-15RM load training muscle fiber increaseThick and inconspicuous, but strength, speed, and endurance always grow; 30RM load training muscles increase in capillaries, durability, but strength, speed increase is not obvious.

It can be seen that the load weight of 5-10RM is suitable for bodybuilding training to increase muscle volume.


Multiple sets of numbers: When you think about getting exercise, you can do 2-3 groups. This is a waste of time and you can’t grow muscles at all.

It is necessary to take 60-90 minutes to concentrate on a certain part of the exercise, and each action is done in 8-10 groups in order to fully stimulate the muscles, and the longer the recovery time of the muscles is needed.

Until the muscles are saturated, the “saturation” needs to be self-perceived. The appropriate criteria are: acid, bloating, numbness, causation, fullness, expansion, and obvious thickness in the muscle shape.


Long displacement: Whether it is boating, bench press, referral, or curling, first put the dumbbells as low as possible to fully stretch the muscles and try to raise the height.

This article sometimes contradicts “continuous tension” and the solution is to quickly pass the “locked” state.

However, I do not deny the effect of half-weight exercise of heavy weight.


Slow speed: Lift slowly, slowly lower, and stimulate the muscles deeper.

In particular, when you put down the dumbbells, you must control the speed and do the concession exercises to fully stimulate the muscles.

Many people have seen the concession practice, lifting the dumbbells and completing the task, quickly put it down, wasting a good time to increase muscles.


High Density: “Density” refers to the rest time between alternates, resting only for 1 minute or for a period of time called high density.

To make the muscle mass increase rapidly, rest less and stimulate the muscles alternately.

“Multiple groups” are also based on “high density”.

When you exercise, you should concentrate on training like a war, and don’t think about anything else.


Consistent behavior: Muscle work is innervated, and concentration of attention can mobilize more muscle fibers to work.

When practicing certain movements, you should consciously align your thoughts and actions, that is, what muscles you want to work on.

For example, if you are practicing a vertical bend, you should look down at your own cheekbones with your eyes and see that the biceps of the abdomen are slowly contracting.


Peak contraction: This is a major rule that makes muscle lines very obvious.

It requires that when someone moves to the most stressful position of muscle contraction, keep the most stressful state of this contraction, do static exercises, and then slowly return to the beginning of the action.

My method is to feel the most stressful muscles, count 1-6, and then put it down.

Sustained tension: Keep the muscles in constant tension throughout the whole body, no matter whether it is at the beginning or the end of the movement, don’t let it relax (not in the “locked” state), always exhausted.

Relaxation between groups: Relax every time you do two moves.

This increases muscle blood flow and helps to eliminate waste deposited in the muscles, speed up muscle recovery, and quickly replenish nutrients.


More training of large muscle groups: more training chest, back, waist and hips, large muscles in the legs, can not only strengthen the body, but also promote the growth of muscles in other parts.

In order to practice the Bray, some people practice too much and do not practice other parts. Instead, the growth of the biceps is very slow.

It is recommended that you arrange large-scale compound exercises using large weights, such as heavy weight squat exercises, which promote the growth of muscles in all other parts.

This is extremely important. Sadly, at least 90% of people do not have enough attention to achieve the desired results.

Therefore, in the training program, you should arrange more than five classic compound actions: deadlift, squat, bench press, referral, and pull-up.


Eating protein after training: During the 30-90 minutes after training, the demand for protein reaches a peak, and the protein supplementation is best.

But don’t eat immediately after training, at least 20 minutes.

Rest for 48 hours: After a partial muscle training, take 48-72 hours to take a second training session.

If high-intensity strength training is performed, the interval between two training sessions of local muscles is not enough, especially for large muscle masses.

However, except for the abdominal muscles, except for other muscle groups, the abdominal muscles must be stimulated frequently. At least 4 times a week, about 15 minutes each time; choose the three most effective exercises for you, only 3 groups, each group 20-25 times, all exhausted; each group should be short, not more than 1 minute.


Ning light not to be fake: This is a secret that is not a secret.

Many beginners are particularly good at practicing weights and movements, not paying attention to whether the movement is deformed.

The effect of bodybuilding training is not only the weight and the number of movements, but also the degree to which the muscles are directly stressed and stimulated.

If the movement is deformed or not in place, the muscles to be trained are not or only partially stressed, and the training effect is not large or even biased.

In fact, in all the rules, the correctness of the action is always the first important.

Rather, use the correct action to lift a lighter weight, and do not use a non-standard action to lift a heavier weight.

Don’t compare with people, and don’t hang out the ridicule of the gym.

Regular consumption of yellow croaker can increase appetite

Regular consumption of yellow croaker can increase appetite

Marine fish contains essential nutrients for the brain. Common marine fish are belt fish, yellow croaker, abalone, squid, sardine, anchovies (flat fish), anchovies, tuna, salmon (salmon), etc.

According to Professor Ai Qinghui, School of Fisheries, Ocean University of China, the liver oil and body oil of marine fish contain a highly unsaturated viscosity not found on land animals and plants, including DHA, which is necessary for the brainNutrients.

It can be said that DHA is very important to improve people’s memory and thinking from high blood pressure, through infants and young children to adolescence, and even during the entire life activities of people.

  In addition, omega-3 fatty acids and taurine are higher in marine fish than in freshwater fish.

Studies have found that omega-3 fatty acids have a good effect on healing cerebral vascular stenosis and malignant migraine, and can also improve the body’s anti-inflammatory ability.

  Freshwater fish that can be used to treat cough with carp is mainly carp, grass carp, catfish, herring, catfish, flower catfish (fathead fish) and so on.

Professor Ai Qinghui introduced that freshwater fish contains protein, vitamin A, D and various minerals and other nutrients.

  Carp has the functions of strengthening the spleen and appetizing, diuretic and swelling, cough and asthma, relieving breasts and breasts, clearing heat and detoxifying.

Carp and winter melon, lightly boiled soup can cure nephritis edema.

Large carp leave scales and intestines mixed with cooked clothes to cure yellow ulcers.

Taken with live carp and trotters soup, it can cure maternal less milk.

Carp and Chuanbei powder can be used to treat cough and asthma.

  Grass carp meat is sweet and warm. It is steamed with fritters, eggs, and pepper for folk use.

Grass carp also has the functions of warming the stomach and calming the liver, and is suitable for warm-up fitness for the elderly.

  Suitable for fish Suitable for patients with chronic nephritis and edema caused by liver cirrhosis. One fresh catfish (about 250 grams) and 500 grams of winter melon or 150 grams of red beans can be used.

Cook into anchovy and winter melon soup, or anchovy and red bean soup (do not put salt). Eat soup and fish once a day to reduce edema.

Those who suffer from chronic bronchitis and long-term cough can’t heal, you can stew catfish with brown sugar, eat it regularly to nourish yin and lungs, and nourish qi and phlegm.

  Eating yellow croakers can increase appetite. Chinese medicine believes that taking fish has the effects of nourishing and strengthening, and appetizing, and nourishing skin.

Decoction of fresh band fish 4 with half a catty of papaya has a certain effect on postpartum milk volume, trauma bleeding and other symptoms.

Hepatitis patients take the upper layer of oil after cooking with fresh strip fish. Jiufu can improve symptoms.

There are many ways to cook takoyaki, including steaming, braising, crushing, and sweet and sour food.

However, it should be noted that it is not advisable to eat more at one time, especially those with allergic skin diseases such as dialysis eczema and urticaria should be cautious.

  Flat fish protein and many other nutrients have the effect of nourishing qi and nourishing blood, and softening muscles and bones.

It is effective for indigestion, spleen deficiency and diarrhea, anemia, and sore bones.

  Regular consumption of yellow croaker can increase appetite and prevent spleen and stomach disorders and urinary tract stones.

The protein content of fresh yellow croaker fish is as high as 18%, which is more than that of many other fishes, and has no broken spines. It is most suitable for the elderly, children and the chronically ill.

  Squid has detoxifying and detoxifying effects on the liver, so it helps the body fight fatigue.

Squid also regulates blood pressure and protects nerve fibers from activating cells. Regular squid consumption can delay the aging of the body.

  The American Medical Association has conducted a survey and found that people who eat 80 grams of salmon a week have a 50% lower risk of heart disease than people who do n’t eat omega-3 fatty acids, so many doctors recommend that people with diabetes eat salmon every weekJust eat a tape-sized piece.

  Cuttlefish is commonly known as cuttlefish, mullet, and mullet is not only delicious, nutritious, but also has hemostatic and analgesic effects.

There are many ways to eat cuttlefish, such as cold salad, stir-fried mullet shredded, mullet roll, roasted mullet soup, slippery fillet, etc., especially braised mullet meat with fresh garlic moss, which is extremely delicious.

  Abalone has the function of eyesight, so it is called “eyeball”.

Abalones are mostly used in fort soups, and can also be used for making famous dishes such as braised abalone and grilled abalone.

However, abalone contains too much sodium and people with high blood pressure should not eat too much.

Do not use too much sodium-containing seasonings, such as oyster sauce, soy sauce, salt, MSG, etc. when cooking.

Do more yoga to deepen your health and vitality

Do more yoga to deepen your health and vitality

Respiration can be divided into two types of chest breathing and abdominal breathing. The two breathing methods have different effects.

Chest breathing, also called upper lung breathing, is a kind of shallow breathing. This kind of breathing is easy to make people excited and even nervous. When people are emotionally stressed, they are prone to shortness of breath, and their chests are constantly undulating. Abdominal breathing is also calledDiaphragmatic breathing is a type of deep breathing. Some studies have shown that abdominal breathing can improve the ability to relax, stabilize the pulse and blood pressure, and there is a saying in the health regimen that “breathing to the umbilical cord is the same as life.”

Therefore, more abdominal breathing exercises can allow the body to obtain excess oxygen, which can effectively relieve stress and promote health.

  Doctors believe that most people breathe shallowly and can only inflate the middle and upper parts of the lungs, but the bottom of the lungs is completely inactive, so yoga exercises are particularly prominent for slow and deep abdominal breathing exercises.

During abdominal breathing, the abdomen bulges, and the diaphragm that is placed below the lungs is lowered, inflating the bottom of the lungs a lot. When exhaling, the stomach contracts inward, causing the diaphragm to rise, compressing the lungs, and extending the air insideThis breathing method using diaphragmatic membranes can give the lungs excess oxygen, making the cells full of vitality and making people full.

  The correct way of abdominal breathing is: proper or sit in a comfortable posture, lie down, relax the front naturally, take a deep breath with your nose to make the abdomen swell and belly bulge, the chest can not rest, when the breath is fullest, slowlyExhale through your nose, relax your belly, and shrink your navel at the same time, making the belly dent.

When you start to inhale, the whole body is forced. At this time, the lungs and abdomen will be filled with air and swell, but you can’t stop. You still have to try your best to continue inhaling, no matter if you inhale the air, just inhale and then inhale.

Then hold your breath for 4 seconds, at this time the body will feel nervous, and then use 8 seconds to slowly exhale the breath, the exhalation should be slow and long without interruption.

You can put your hands on the top when you start the exercise. When observing the abdomen bulge, don’t follow the undulation a little, you can catch the trick after a long time.

Practice better when you sleep.

9 big lies in the gym

9 big lies in the gym

Their phone calls from girlfriends, the experience of fitness coaches, celebrity news on tabloids, shopping ads on TV . they have two things in common: they are widely spread without scientific basis.

The WebMD website summarizes the 9 most common fake “fitness tips” by interviewing professional physicians and sports instructors.


Running on a treadmill is less harmful to weight than running on the road.

  The truth: Both put pressure on the knee joint and cause injury.

The best way is to use multiple forms of aerobic exercise, such as stairs or bicycles.


Sit-ups can help remove the abdomen.

  The truth: Sit-ups do exercise abdominal muscles, but they can’t do anything for your aunt.

Other than surgical resection, you can’t simply select an aunt and remove it.

Aunt Burn is a systematic engineering of the whole body.


Aerobic exercise can continue the metabolism level for several hours after exercise.

  Truth: Outside of exercise, the only person you burn 20 calories more per day than an unfit person?

Quite a MM bean.


Swimming is a great way to lose weight.

  The truth: Swimming can increase lung capacity, relax muscles, and eliminate tension, but unless you swim for a few hours a day, swimming alone will not reduce it.


Yoga can relieve all back pain.

  Truth: What if your back pain is caused by muscle fatigue?


Is this the back pain of the earliest person sitting in the office?


Yoga is for you.

But if it is a back pain caused by a spinal problem, such as a lumbar disc herniation, yoga will not only help, it will worsen the symptoms.


If you do not sweat, you will not have enough exercise.

  Truth: Sweating is just a way for the body to cool, and it doesn’t necessarily represent the burning rate.


As long as you feel good, you don’t count too much exercise.

  Truth: Symptoms of excessive exercise usually appear after a day or two.

No matter how good it feels, if you don’t exercise for a long period of time, you must do it gradually.


It is safer to exercise with the fitness equipment in the professional gym.

  The truth: This is the case when you properly adjust your fitness equipment to your height and weight.


If you don’t feel sore muscles, you’re not doing it right.
  Truth: It’s normal to feel a mild muscle soreness a day or two after exercise, but if you feel pain in the part of the exercise, the more likely answer is that you are already injured.