Due to advanced refining techniques, it is difficult for consumers to distinguish real cooking oil from fake. To avoid buying dirty cooking oils, consumers should note the following characteristics: Cooking oil is golden brown, dark yellow Real cooking oil is usually brighter in color. If it is rapeseed oil, it will have a slight greenish yellow color, peanut oil will have a slight orange or yellow orange color. Fake cooking oil is usually dark in color, not bright but slightly dull. The usual color is golden brown, dark yellow, slightly black. Edible oil with sediment Real cooking oil has high transparency, no signs of solidification. When shaking the oil can, the oil feels smoother and easier to spread. However, fake cooking oil contains many impurities, different chemicals, so it is at the bottom of the bottle or it is deposited, solidified, the lower it is, the thicker it becomes. If you shake it gently, you will see that the oil flows smoothly, not smoothly. Cooking oil has a strange taste Real cooking oil has a greasy, characteristic aroma. If it is a specially extracted cooking oil such as peanut oil, rapeseed oil, etc., you will see its own flavor. When tasted, there is no sour or bitter taste. Fake cooking oil does not taste greasy and fragrant like real cooking oil. When tasting, there may be strange tastes due to adulterated oils or chemicals. Oil has a strange smell If you don’t want to taste it, you can also test the smell with your sense of smell. You just need to pour a little oil on the palm of your hand and smell it. Counterfeit cooking oil will have a bad smell, acrid, burnt or rancid, unpleasant. Because they contain too many impurities and are not carefully filtered, when put into plastic bottles, they will quickly react to create a burning smell like burnt plastic. In addition to distinguishing cooking oil by observing and tasting, housewives can also distinguish real cooking oil from fake by the following: – Take a small amount of iodized water into the bowl of cooking oil, if the blue color appears, it means that the cooking oil has been mixed with impurities containing starch. – Heat cooking oil to 150 degrees Celsius and then let it cool. If the oil has deposits, the oil has been adulterated. The more oil settles, the more impurities it shows.

Today, let’s think of a temperamental beauty who is popular in Southeast Asia and a practitioner of fitness exercises—NguyenTran Huyen My. She was once called “the No. 1 beauty in Vietnam” by fans who love her. You may think it is a bit exaggerated, but when After you read her resume, you will feel that everything is worthy of the name! From Hanoi, Vietnam, she has outstanding temperament since she was a child. The height of 176cm makes her tall and temperament. She is sweet and graceful. She is a treasure girl in the eyes of fans.

She is the first place in the domestic beauty pageant in Vietnam. She was also shortlisted for the 2017 Miss Grande Universe TP10. She has excellent looks and talents. Since NguyenTran Huyen My has achieved certain achievements, her advertisements and film appointments have been continuous. Sometimes I will be invited to a talk show to talk about fashion and aesthetics. Behind the strong spotlight, it is actually NguyenTran Huyen My who has always paid in obscurity.

In fact, modeling work is not as glamorous as it seems on the surface. It requires effort and effort. Take NguyenTran Huyen My’s own experience. Maintaining the body is the basic quality of a good model, so she has stepped into this industry on her own. Since then, I have never eaten my favorite ice cream, chocolate, etc., and whether it is training or diet, NguyenTran Huyen My strives to be the best, low-calorie whole grains, nutritious oats, even foods that are difficult to swallow, as long as they are good for shaping the body. She is always willing to help.

This hard work and perseverance has created the success of NguyenTran Huyen My today. Every self-disciplined person has his own plan, ranging from a whole life to a small one-day arrangement. NguyenTran Huyen My makes his daily fitness plan specific to points. Seconds, fat loss training, strength training, balance improvement training, etc., she has maintained low body fat for a long time during the exercise, so you can see her clear vest line and tight peach buttocks.

Fitness shaping has never been an easy task. During exercise, we can maintain a high level of body metabolism, which can prevent fat accumulation, and at the same time improve the curve of muscles, make the body more graceful and beautiful, so share it today. Set of precise strength training exercises, I hope everyone can develop their ideal body.

The first exercise dumbbell squat to rotary press

How to practice dumbbell squat to rotary press:

Stand naturally on the mat, with your feet apart and shoulder-width apart, and hold the dumbbells in your hands. The specific weight depends on your personal situation. When you exhale, squat your legs and hips, and the dumbbells are flush with your shoulders. When inhaling, choose the right and upward legs, lift the dumbbells above your head with both hands, and stretch toward the sky; when you exhale, keep squatting down, and then inhale to the left and up, and hold for 12-20 breaths. ; Do 3 sets, 12-20 times in each set.The second action squat back stretch pose

How to do a squat back stretch pose:

Standing on the mat naturally, back extension is a more relaxed posture, flexible waist, abdomen and back, stretch arm muscles and joints; when exhaling, the hips bend back and down slightly, the back stretches diagonally forward, arms Swing toward the top of the head at the same time, and return to the back of the body when inhaling; insist on 20 uniform breaths, feel the stretch of the waist, abdomen, buttocks, and arm muscles; do 4 groups, each with 20.Dog-like flow in the third action

How to do a good down dog flow:

The plank is supported on the mat surface, the arms and toes are strongly supported. We are ready to carry out the downward dog-like variant flow to exercise the strength of the waist and abdomen; when exhaling, prop up the body with both hands backwards and upwards, and the buttocks will move toward the sky. Lift up, match the feet with the soles of the feet and step firmly to achieve the rhythm of the body; do 4 sets, 12 reps in each set.The fourth action hip bridge training

How to do a good hip bridge training:

Lie on your back on the cushion surface, feel the body deeply relax, start the stretch exercise of the hip bridge, adjust the breathing rate; rely on the cushion surface on your back and shoulders, keep your arms close to the ground, keep your knees bent, and push your hips upwards when you exhale , Fall slowly when inhaling; do 4 sets of 12-16 in each set. After each action is completed, we can take a 30S-60S rest, relax the muscles and joints, and adjust the physical state. You will feel comfortable and the whole person will become very light. The key to fitness and shaping is persistence and grasp. Now, get out of your own life path.

Suzuki Swift 2021 quietly arrives in Vietnam The car’s appearance has been tweaked with the grille now redesigned with a new honeycomb pattern, the black plastic bottom panel is removed. Besides, the shiny chrome bar running across the middle of the grille also brings something new to the New Swift 2021. The wheel design of New Swift 2021 has also been changed, with 2-tone polished alloy wheels. In addition, Swift’s rear door handle design is clad in the corner of the column. LED lights are equipped in the taillights and headlights. Swift 2021 is equipped with a 10-inch touch screen compatible with Apple CarPlay, Android Auto, integrated reversing camera and USB, AUX, Bluetooth connectivity. A new feature in the interior compartment with silver-plated decoration colors on a dominant black background helps the New Swift 2021 interior compartment. Besides, the clock cluster has a design with outstanding red and white colors, the information is arranged scientifically to help users easily observe. In addition, a push-button start, a sporty D-shaped steering wheel with nodding and a height-adjustable driver’s seat. With the advantage of a lightweight body, a compact 1.2L petrol engine, combined with a VVT variable valve actuator, Swift 2021 will still be as economical as previous versions.

Mr. Tran Van Hai from Lang Son said that for the past few years, his family has specialized in purchasing, preliminarily processing and refining all kinds of cake wrapping leaves. In the past, people only took bamboo to make their house, cook, make firewood, make cakes and leave the leaves behind. But in the past few years, fresh bamboo leaves have been picked up by many people, bought and sold to traders who export to Taiwan for 10,000 VND/kg fresh bamboo leaves and 40,000 VND/kg dried bamboo leaves. Eight degree bamboo leaves are purchased and exported to Taiwan Đài “Myself and my family never thought that bamboo leaves could be sold abroad. It was not until a contact to buy bamboo leaves for traditional cake packages in Taiwan made me know that bamboo leaves could be sold and exported to foreign countries. From there, my family went to get bamboo leaves to sell. When the collection is not enough, hire more workers and advertise online to buy bamboo leaves in other localities in any quantity, “said Mr. Hai. According to Mr. Hai, with fresh bamboo leaves, he buys them for 7,000-10,000 VND/kg. As for dried bamboo leaves, he buys them for 35,000-40,000 VND/kg. All must be octagonal bamboo leaves (also known as Buong). The weights of bamboo leaves are purchased to ensure the quality criteria, the leaves must be large, not torn, still green and absolutely not yellow. Each leaf is about 38-40cm long, 8cm wide or more. “Bamboo is very different from ordinary bamboo leaves. They are much larger in size. When bought, fresh bamboo leaves will be exposed to the sun for about 2 days. The leaves are then counted and clamped onto a bamboo stick. At this time, dry clean, bring bamboo leaves into the oven to dry and then sort and pack,” Hai said. The bamboo leaves that are completely cleaned by natural and chemical-free methods will be exported to Taiwan to be used as packaging materials for cakes, food packages, etc., and are loved by the people of this country due to its taste delicious and long lasting. “The type of cake that the Taiwanese side often wraps with bamboo leaves is like Vietnamese chung cake. However, because it is wrapped with bamboo leaves, the cake has a characteristic aroma. In addition, the type of cake wrapped from this leaf is very easy to peel, keeps for a long time and does not go stale as quickly as seaweed and banana leaves. From the end of April to October of the solar calendar every year is the autumn to buy eight degrees of bamboo leaves. Therefore, many personal facebook groups go to groups to sell and buy fresh and dried bamboo leaves in unlimited quantities. There, the atmosphere was jubilant because many bamboo growers in different places asked about the purchase price as well as the instructions for collecting and transporting fresh and dried bamboo leaves. For long-term business cooperation, all establishments that register to sell fresh and dried bamboo leaves Mr. Hai come to the place to collect and check. “I have to go down to the place to instruct the individual establishments that collect bamboo leaves to ensure that the leaves are not torn, beautiful green color and especially large. Come to the place to see the specific item once. Next time, they just do that, then I decide to buy, avoid wasting both parties’ time, “he said. Currently in Yen Bai, Bac Giang, Thanh Hoa, Soc Son – Hanoi… there are a lot of people growing bamboo and poplar trees. They only use the tree and leave the leaves empty. Therefore, he went to teach how to collect leaves and now they become agents, helping his establishment to buy fresh and dried bamboo leaves up to a few kilos/day in the locality.

A Colonia Pipeline fuel station. Photo: Getty Images The US Department of Transportation’s guidance notice emphasizes that this decision is in response to emergency conditions, stemming from the need for immediate transportation of fuel items, to relieve problems related to supply scarcity. Colonial Pipeline on May 9 also said that many of the company’s main operating pipelines are still closed, but some small lines connecting the supply station and distribution point have returned to normal operation. On May 7, Colonial Pipeline was hacked with ransomware, a type of code that locks systems by encrypting data and demands a ransom to restore access. The attack caused Colonia Pipeline to shut down the entire pipeline network. Colonial Pipeline transports gasoline, diesel, jet fuel and other refined products from the Gulf of Texas to the densely populated East Coast of the United States through an 8,850-kilometer pipeline, serving 50 million customers. In areas affected by supply disruptions, fuel demand increased by 4% on May 8, prices also increased by more than 4.2%. The attack caused concern among US consumers about the scarcity of gasoline supplies if the problem is not fixed in time.

The plant is also called apricot tea, apricot tea, tea tree oil, commonly found in many northeastern mountainous areas. The junior tree goes into the poetry with beautiful pictures “Border afternoon, when the peach blossom season blooms, when the base season grows trees”, “The old way of the mountain pass is white on the hill side”, … At first glance, the trees sink into the mountains and forests. Only when winter comes, will the flowers bloom simultaneously in the forest, covering the mountains and hills with a rustic and pure white color. The flowers are white, yellow, pistil, and fragrant. The flower is like a camellia flower but much larger, showing off its fragrance among the green foliage. It can be said that there are rare places that have large and perennial grassroots such as Binh Lieu border district (Quang Ninh). Coming here on these December, far away visitors can not help but be amazed between the vast forests of white flowers. The Department is a native plant here since the 1940s. Since 2014, Binh Lieu has implemented the project “Restoring and developing local trees in the period of 2014-2020”, the area of ​​local forest here is about 400ha. The life of the Dao, Tay, San Chi people here is close to the forest, the roots of the trees are used to treat stomach pain; roots and bark used to treat fractures, sprains; The dried shell is used as fuel, … The most valuable product from the base plant is the oil, which is pressed from the seeds and used as cooking oil. Oil contains omega 3,6,9 and many nutrients good for the body not inferior to olive oil, so it can enhance resistance, fight cancer, lose fat, … The harvested pods are then dried, pressed to break the seeds, roasted hot at high temperature and then pressed for oil. The refined base oil obtained without adding any ingredients, has a characteristic aroma and eye-catching color. The residue after pressing can also be used as fertilizer, cleaning shrimp ponds, … Realizing the economic value from oil, Binh Lieu people began to develop oil processing instead of just harvesting the fruits sold to Chinese traders. However, the number of production facilities is small, small-scale. Currently, oil output is from 2,000-3,000 liters / year, the selling price is quite high, about 400,000 VND / liter. This is a typical agricultural product of Binh Lieu, mainly retail in shops. One product in each commune, ward in Quang Ninh. In addition to the specialty of oil, camellia also becomes a unique tourism product of Binh Lieu. The white forest on the occasion of December attracts many tourists to this remote region. The headquarter is becoming the brand of this new and exciting destination. The beautiful images of the season of flowers in the border forest and mountains leave a beautiful impression on visitors. By 2020, the area of ​​local forest will increase to about 1,700 ha. At the same time, according to the proposal, investors from France will open a base oil factory here, opening up export opportunities to the European market for frontier base plants.

Colonial Pipeline America’s largest fuel pipeline system was attacked by network, has not yet assessed the damage. (Source: Freightwaves) To deal with the incident, the company had to close the entire network. Colonial Pipeline said the attack “suspended all pipeline operations and affected some of our IT systems”. Sources in cybersecurity revealed that the malware used in the Colonial Pipeline attack was ransomware – a type of malware designed to block systems with how to encrypt data and request a ransom payment to restore access. The Colonial transports gasoline, diesel, jet fuel and other refined products from the Gulf of Texas to the populous US East Coast via a 8,850 km pipeline, serving 50 million customers. Oil analyst Andy Lipow said that the impact of the attack on supply and fuel prices will depend on how long the pipeline is down. If the line stops working for a day or two, the impact will be minor. However, if the pipeline is forced to shut down for 5 or 6, shortages or price increases will occur, especially in the area stretching from Alabama to Washington DC. (According to AFP, Reuters)

Illustration. Beauty experts have discovered that losing weight with lemons is not the only use! Lemon juice is considered as a skin whitening tool for thousands of years. Lemon contains acids that help gently nourish the skin and naturally exfoliate (the cell layer that makes the skin darker). Note that lemon juice can be irritating to the skin. In particular, women with sensitive skin are prone to redness, itching or burning when using unrefined lemon juice. To avoid this, you can mix a little warm water with lemon juice. Then rub and massage on body for about 15 minutes and shower with water. Note: This method of skin care should be used at night, avoiding the skin exposed to the sun. Because for women with too sensitive skin, sun exposure can burn the skin or cause inflammation. If on the street, use sunscreen. Only do this from 2-3 times / week. Applying it regularly will irritate the skin, leaving it worn out and prone to sun exposure. Lemons are known to dry out the skin, so use a body moisturizer to hydrate the skin. Lemon juice cannot speed up your skin whitening. So do it continuously 3-4 times / week and persevere to see the effect. The fastest way to whiten facial skin at home from yogurt Yogurt is considered as the fastest natural skin whitening at home for women because it contains a large amount of nutrients, especially lactic acid as a natural bleach that improves dull skin that is very safe. Safe, non-irritating, suitable for all skin types. How to: Just gently rub yogurt on your face, leave for 3-5 minutes, then rinse with warm water. Do it 1 time / 1 day, you will see the brightness of the skin change from day to day. Or you can mix 1 teaspoon of yogurt with 1/2 teaspoon of honey and apply this mixture on your skin, wait 10-15 minutes, then rinse your face with water. Remember that it must be done every day, you will find this simple at-home whitening method to be effective after 3-4 weeks. Beer and lemon juice Beer contains a rich amount of vitamin B and has high antibacterial properties, especially when combined with the acidity in lemons, will help your skin turn white quickly, while preventing the risk of acne. fish effectively. This facial treatment you should only apply twice a week for the best results. Preparation: 3 teaspoons of beer with 1 teaspoon of lemon juice for this beauty treatment. Method is also very simple. After cleansing your skin with warm water, apply a mixture of beer and lemon juice to your face, to help your skin absorb nutrients better, you combine gentle massage. After 20 minutes, rinse with clean water to feel the smoothness right on the skin.

Besides outstanding features such as low energy and negligible starch content, Glucomannan in konjac noodles is highly hydrated, so when eaten, the noodles pass through the digestive system slowly, helping people eat. Long-term satiety and delays the need to recharge your body. Therefore, konjac noodles are ideal food for people who are in the process of losing weight, dieting or needing to adhere to a low-carb diet (people with diabetes, people who eat keto …). Besides the use of food processing, konjac starch can also be used to prepare health foods or support pharmaceuticals for people with obesity, dyslipidemia, diabetes. In terms of taste, konjac noodles are a new gourmet choice thanks to their chewy, chewy, hard-to-crumble and easy to combine with many different spices. With the tradition of eating konjac noodles for centuries, the people of the country of the rising sun have created many types of this noodle and consider konjac noodles as one of the secrets of health care. Now, this product is also gradually popular in Asia and increasingly popular in the US and some European countries. In the domestic market, konjac noodles were not easy to buy in the past due to the lack of a suitable manufacturer and wide distribution system. The high-end nature of the product along with the expensive price is also a big hindrance to many interested people. The konjac noodles can be mixed salad, stir-fried with meat, eaten with soup, or simply dipped in fish sauce and many other dishes. In the North, Excook Joint Stock Company has invested in a factory with a modern production line to produce konjac noodles branded Vina Konnyaku. With the production goal to export to Japan and the US market, Excook’s factory is invested in a large scale, methodically meeting high food hygiene and safety standards, and has been certified ISO 22000: 2018. and HACCP. Currently, Excook is planning to penetrate into the domestic market to bring clean, healthy konjac Vina Konnyaku to numerous consumers at affordable prices. In the long term, Excook plans to develop konjac plantations in the northern mountainous provinces, creating more jobs for farmers, in line with the policy of high-value agricultural development.

Here are tips to help you burn belly fat within a week: 1. Do aerobic exercise every day By burning more calories, your overall health improves. Therefore, start exercising vigorously with running, swimming, or aerobic exercise. Studies show that this is the most effective form of exercise to lose belly fat. Remember, frequency and duration are essential to achieving satisfactory results. If you want to burn fat fast, there’s no need to do cardio exercises. 2. Reduce refined carbs (sugars, starches) You should avoid consuming refined carbs for belly fat loss and good metabolic activity. You don’t have to follow a strict low-carb diet. However, you should consume unprocessed carbs. Skip white bread, white rice, and soda; Eat plenty of vegetables and whole grains. 3. Reduce salt intake Minimize your daily salt intake because too much salt is unhealthy and makes you feel bloated. When shopping, keep an eye out for the label because processed foods are often high in salt, sugar and unhealthy fats. 4. Eat fatty fish Artwork: Australiannewsreview Salmon, sardines or tuna are high-quality protein foods and contain omega-3 acids. By eating these fish 2-3 times per week, you can burn off visceral belly fat and reduce your risk of diseases like heart disease. 5. Protein-rich breakfast Start your day with some Greek yogurt, egg whites, or porridge. After eating enough protein in the morning, you will feel full until lunch without feeling hungry. Protein increases metabolic rate while preserving muscle mass during weight loss. You can also include protein such as eggs, fish, chicken, beans or milk at other meals. 6. Drink enough water Even if you don’t want to lose weight, getting enough water is important for general health. You should drink 4 to 5 liters of water per day and burn calories will be more effective. In addition, drinking right before meals will reduce cravings as well as calorie intake. Make sure to avoid any drinks that contain a lot of sugar and calories. Drinking warm water with lemon juice in the morning on an empty stomach will kickstart your metabolism and digestive system. 7. Consume soluble fiber Similar to protein, soluble fiber makes you feel full for several hours. Therefore, you reduce the amount of unnecessary calories in your meals. The soluble fibers absorb water and form a fat-reducing gel – good for those looking to lose weight. You can find this fiber in nuts and seeds. An Yen (According to the Jakartapost )

Mr. Tran Van Hai from Lang Son said that for the past few years, his family specializes in purchasing, preliminarily processing and refining all kinds of cake wrapping. In the past, people only used bamboo to build their house, cook, firewood, make cakes, and discarded leaves. But in recent years, fresh bamboo leaves have been collected and purchased by many people and then sold to traders exported to Taiwan for 10,000 VND / kg of fresh bamboo leaves and 40,000 VND / kg of dried bamboo leaves. Bamboo leaves are bought and exported to Taiwan “I myself and my family never thought that bamboo leaves could be sold abroad. It is not until a contact to buy bamboo leaves to return to a traditional Taiwanese cake package that we know that bamboo leaves can be sold and exported abroad. From there, my family went to get bamboo leaves to sell. When the collection is not enough, hire more workers and advertise on the internet to buy bamboo leaves in other localities with any quantity ”, shared Mr. Hai. According to Mr. Hai, with fresh bamboo leaves, he buys for 7,000-10,000 VND / kg. As for dried bamboo leaves, he buys 35,000-40,000 VND / kg. All must be bamboo leaves (also known as bong). The purchased scales of bamboo leaves meet the quality criteria, the leaves must be big, not torn, still green in color and absolutely not yellowed. Each leaf is about 38-40cm long and 8cm wide. “Bamboo is very different from ordinary bamboo leaves. They are much larger in size. When purchased, fresh bamboo leaves will be sun dried for about 2 sun. Then, the leaves are counted and then clamped to the cork. At that time, we will dry it cleanly, bring the bamboo leaves to the oven to dry them and then sort them into bags, ”Mr. Hai said. The bamboo leaves are completely cleaned by natural methods, without chemicals, will be exported to Taiwan for cake wrapping materials, food packages … and are loved by the people of this country due to the taste. delicious and for a long time. “The kind of cake that Taiwan or is wrapped in bamboo leaves is like Vietnamese banh chung. However, due to being wrapped in bamboo leaves, the cake has a characteristic aroma. In addition, the wrapped cake from this leaf is easy to peel, leaves for a long time and not as fast as seaweed and banana leaves ”. From the end of April to October of the solar calendar every year is the autumn season to buy bamboo leaves. Therefore, many personal Facebook pages go to groups to sell and purchase fresh and dried bamboo leaves with unlimited quantity. There, the atmosphere was ruffled by many bamboo growers in places asking for the purchase price as well as the specifications for the collection and transportation of the fresh and dried bamboo leaves. For long-term business cooperation, all establishments that register to sell fresh and dried bamboo leaves, Mr. Hai, come to collect and check them. “I have to go down to the site to instruct the facilities that the individual collects bamboo leaves to ensure the leaves are not torn, beautiful green and especially big. On-site to view specific items once. Next time, they just do that, then I decide to buy, to avoid wasting time on both sides, ”he said. At present, in Yen Bai, Bac Giang, Thanh Hoa, Soc Son – Hanoi … there are many people growing bamboo and rattan. They just use the tree and the leaves leave it. Therefore, he came to guide the collection of leaves and now they become agents, helping his establishment to buy fresh, dried bamboo leaves up to a few quintals / day in the locality.

On March 30, Hongyang Real Estate (01996.HK) held an online performance conference as scheduled. Board Chairman Zeng Huansha led Executive Director and President Yuan Chun, Executive Director and Vice President Lei Weibin, and Chief Financial Officer Shen Guangping To attend a meeting. However, compared with previous years, there are fewer familiar faces on the podium.

On the day of the performance meeting, Hongyang Real Estate was exposed to the news of layoffs of 30%: the resignation of senior executives in multiple business lines, causing shocks in multiple departments; multiple departments need to determine the optimization list and complete the process before March 31. And the main reason for the layoffs is that Hongyang has reduced costs and increased efficiency due to lack of profitability.

The “Daily Business News” reporter verified this with Hongyang Real Estate, and the other party denied the rumors of layoffs.

Hongyang Real Estate delivered a relatively dazzling performance in 2020: revenue increased by about 32.9% year-on-year, gross profit increased by about 18.2% year-on-year, net profit increased by 13.4% year-on-year, and net profit attributable to parent increased by 13.2% year-on-year. In addition, contracted sales increased by 32.8% year-on-year, continuing to hit a record high.

However, Hongyang Real Estate’s gross profit margin has dropped by about 2.7 percentage points from 2019, and its net profit margin has also dropped to 9.2% from 10.78% in 2019. The reporter’s inquiry found that the two project indicators of Hongyang Real Estate’s gross profit margin and net profit margin have fallen for 4 consecutive years.

Yuan Chun also said at the performance meeting that in the future, it will be more necessary to practice internal skills to improve the profitability of Hongyang Real Estate.

“Hundred Billion” plan stranded

But there are many hidden worries behind the seemingly dazzling performance.

In 2017, Zeng Huansha set a “three-year 100 billion” plan, but at the end of 2020, the sales rating was 86.5 billion yuan, which is still quite far from the “100 billion” target.

Among them, the Yangtze River Delta contributed 80% of Hongyang’s sales, and Jiangsu’s sales alone reached 45.9 billion yuan. From the perspective of city level and energy level, the sales of new first-tier and second-tier cities accounted for 82.5%, which also led to the year-on-year increase in the average sales price of Hongyang (an increase of 10% to 14,622 yuan/square meter).

Perhaps because the sales growth in 2020 is not as good as expected, the management did not take the initiative to mention the sales target for 2021. If calculated on the basis of Hongyang Real Estate’s sales of 140 billion yuan in 2021 and the industry’s average sale rate of 60%, Hongyang Real Estate’s sales may reach 84 billion yuan.

But the premise is that it is necessary to guarantee the contracted payment return rate of 88% and above. Once the return rate drops, the current sales value that can be carried forward will also decrease, and Hongyang Real Estate may face the embarrassment of a decline in sales.

With a compound growth rate of 30% in the past three years, Hongyang has still failed to enter the “100 billion” threshold. However, at the performance meeting, the management of Hongyang Real Estate seemed to have changed their views on scale development.

“Under the background of the return of profitability and scale in the real estate industry, profitability is the foundation for the survival of the company.” Yuan Chun said at the performance meeting that for the current Hongyang, scale is not the first. A certain scale is necessary, but in the face of the current industry structure, there is no profit, and no matter how big the company is, it does not make sense.

4 consecutive declines in gross profit margin and net profit margin

It is true that profit is the core meaning of an enterprise, and this is also the biggest problem facing Hongyang Real Estate.

A reporter from the “Daily Economic News” found that the gross profit margin of Hongyang Real Estate from 2017 to 2020 was 40.58%, 31.25%, 25.14%, and 22.36%, which had declined for 4 consecutive years; the net profit margin was 19.47%, 14.32%, and 10.78, respectively. %, 9.2%, have fallen to single digits in 2020, and are far lower than the average net interest rate of 14.29% of the 50 typical listed real estate companies in 2019.

An industry insider who did not want to be named told the “Daily Economic News” reporter that the core problem facing Hongyang is that it has expanded rapidly in the past three years and has taken a lot of high-cost land. On the one hand, it has expanded its leverage and made great strides in order to add new goods. Value sacrifices profits, leading to low core profits carried forward in the report.

Looking back, it can be seen that Hongyang Real Estate began to expand in 2018. At that time, the changes in the policy of limiting land prices and housing prices have already appeared. The speed of real estate sales has slowed down, coupled with the increase in financial costs, which further swallowed profits.

“After 2020, under the new “three red lines” financing regulations, real estate companies need to lower their leverage in a short period of time to avoid continued business deterioration. For Hongyang Real Estate, it is even more necessary to reduce the pressure because its debt scale and leverage have already been used. Close to the extreme.” The above-mentioned industry insider said.

Delay in business

Commercial is regarded by many real estate companies as a means to boost profits, and Hongyang has also vigorously proposed a “commercial round”, and Hongyang Real Estate, which was born in a commercial store, seems to have such genes.

But the reality is that Hongyang’s reliance on residential development business has never been reduced. The annual report shows that in 2020, the operating income of Hongyang Real Estate is 20.159 billion yuan, of which 19.616 billion yuan for real estate development, accounting for more than 97%.

In fact, as early as the 2019 performance meeting, the management of Hongyang also specifically mentioned the business plan. However, in the 2020 performance meeting, there has been almost no mention of the part of heavy-asset commercial real estate.

“The main reason for the fading out of business is the low quality of operation.” A person familiar with the matter told the “Daily Business News” to tell reporters that the reason for Hongyang’s business is inseparable from the linkage with housing to obtain land. The actual operation quality of Hongyang Plaza, Home Furnishing Expo Center and other businesses is not high.

“For a business to operate well, it must first have a strong brand and strong enough IP to have the capital to hook up. Hongyang wants to learn from Xincheng, Wanda and Red Star Macalline, but it has not been in place. On the one hand, it is because its own cash flow is not enough. Sufficient, and the financing cost is not low enough. On the one hand, the brand premium and product standardization are not enough to gain a foothold in cities with strong competitors.” The above-mentioned insiders bluntly said that it is already very difficult for ordinary enterprises to obtain land by business, and Hongyang does not dare to do so. Shen does not have much advantage in the face of powerful opponents in second- and third-tier cities.

Therefore, there is only one way for Hongyang Real Estate: sinking and deep ploughing. Hongyang is also aware of this problem. At the performance meeting, Zeng Huansha positioned its development strategy in 2021 as “to expand Jiangsu, cultivate the metropolitan area, and strengthen the central city”.

Focus on quality growth in the future

In-depth cultivation and thoroughness test the company’s refined management capabilities. This is the weakness of Hongyang, which relies on high turnover and high leverage.

Zhang Bo, Dean of 58 Anju Guest House Property Research Institute, told the reporter of “Daily Economic News” that the logic of scale is no longer feasible. Real estate companies must reduce their debts and adjust their balance sheets. They must change their thinking and refine operations. This is an inevitable choice.

But back to the manufacturing logic, the refined management of small real estate companies, that is, reducing costs and increasing efficiency is difficult to increase significantly in a short time. Because real estate is not a technology industry, and real estate companies don’t have much technology investment, they can only work hard on “cost reduction”.

“Hongyang announced the news of 30% layoffs on the day of the performance meeting. I don’t think it is surprising that reducing costs will inevitably lead to layoffs and cost control actions.” Zhang Bo said bluntly, relying on this “hard landing” method to reduce costs, trying to reduce costs. Increasing revenue is not long-term.

The reporter noted that since the end of last year, Hongyang executives have changed frequently. Executive President Zhang Liang, President Jiang Daqiang, and General Manager Han Cunlei of the Capital Management Center have left one after another.

In Zhang Bo’s view, Hongyang Real Estate should change its investment thinking. It should not only guard the second and third tier cities. The sinking may also force some goods-to-land ratios and profits. At the same time, it must also strengthen land acquisition and mergers and acquisitions. In addition to the main business, opportunistic investments must also be made to ensure profitability. In addition, focusing on one’s own waterway, making premiums and differentiation in products, these are the long-term solutions and are also the top priority of Hongyang.

Yuan Chun also said at the performance meeting, “Hongyang has entered the stage of the top 50 in the industry, and quality growth is more important in the future. Next, we will focus on core competitiveness and steady and quality growth.”

Daily economic news

Illustration.

Egg

Regular use of eggs can cause pain in the joints and also lead to inflammation. The yolks contain arachidonic acid, which produces inflammatory agents. Therefore, when suffering from joint pain should be careful to avoid the yolks in your daily breakfast.

Artificial and refined sugar

Increasing sugar levels in the body can increase the levels of AGEs, causing inflammation. Sugar stimulates the production of cytokines, one of the most serious inflammatory agents. Furthermore, sugar leads to weight gain and increased pressure in the joints.

Drinks containing coca

Coke is a beverage that contains a lot of carbonnates and sugar. If you regularly use these drinks, within a short period of time, your bone density will be significantly reduced, which means they will become brittle and fragile.

Explaining this, experts at Harvard Medical University, USA said that not only reduces the absorption of calcium, it is the phosphoric acid in coca that also accelerates the excretion of calcium from the body.

Milk Products

High levels of sugar in dairy products can enhance joint pain and possibly cause inflammation. According to one study, protein can also cause tissue swelling around joints. It also contains saturated fats that can increase pain.

Corn oil

One of the other foods that are bad for joints is corn oil. Corn oil contains omega-6 fatty acids that can produce inflammatory chemicals in the body.

Salt

Not only causing kidney disease, excess salt in the body also seriously harms the skeletal system such as weakening bones, being less flexible due to loss of bone density.

Evidence shows that, every day your body will excrete about 40 milligrams of calcium in the urine if in your diet about 2,300 milligrams of salt / day.

Another study carried out with menopausal women showed that for women with a high salt diet, the minerals in the bones were more likely to be excreted out than those who ate the bland diet. Therefore, learning to limit the participation of salt in meals as well as in the cooking process means that you are ensuring the “safety” of the skeleton.

Starches and grains

These foods can cause joint pain because they contain inflammatory agents that can increase pain in the joints.

Abdominal obesity is common in many men. It can have many causes, the most common being excess visceral fat – the amount of fat that surrounds the organs.

According to the CNN, At the end of September 2020, researchers in Canada and Iran have found that in men, belly fat makes men 12% more likely to die prematurely, each 10 cm increase respectively.

Oversized round 2 or beer belly also entails many dangerous diseases such as heart disease, diabetes, high blood pressure, sleep apnea … Below are the reasons that make men easily fat, oversized, difficult lose fat.

Aging and hormones

According to the Livestrong, Older women tend to accumulate fat in the hips and thighs, especially after childbirth. The female hormone estrogen promotes fat storage in the lower body. Fat in these storage areas can provide women with the energy they need when they are pregnant or breastfeeding.

Meanwhile, men easily gain fat in the abdomen. Reply Livescience, said Dr. Zhaoping Li, director of the Center for Human Nutrition at the University of California, Los Angeles, USA, said that in men, after the age of 40, the amount of testosterone drops drastically, the calories are more excess and stored as visceral fat.

When they run out of storage space in the abdomen, the fats are transferred to the liver, pancreas and muscles. This is also the time when men suffer from many diseases such as diabetes, liver, high blood pressure, excess cholesterol, heart disease …

The aging process also causes men to lose significant muscle mass. Muscles keep metabolism active, burn fat. From the age of 30 onwards, you lose about 0.45 kg of muscle weight each year. The decreased metabolism makes it easier for us to gain fat and put it on the stomach.

Abdominal fat, visceral fat is potentially harmful to the health of men. Photo: Getty Images.

Lack of healthy diet

Fatty nature is more calories you take in than you consume. Eating too much of any food can cause weight gain. However, some foods are blacklisted, but the top dishes list belly fat. They are soda, carbonated soft drinks, fruit juices, energy drinks … Instead of eating and drinking these products, you should choose alternatives such as water, herbal tea without sugar instead of soda.

In addition, refined grains in white bread, rice …, also cause belly fat than whole grains. A 2010 study by the American Journal of Clinical Nutrition found that refined grains were associated with belly fat gain, whereas whole grains were not. Good foods for you are brown rice, whole wheat bread. You should also eat with green vegetables, fruit (not just juices) to ensure a healthy and caloric diet.

Too much saturated fat can also make your bust appear smoother. They are found in whole, non-skim milk and meat. You should get unsaturated fats through foods such as nuts, chicken breasts, salmon, white fish …

Drink lots of alcohol

A study in Korea, published in Epidemiology and Health in 2010, proves that alcohol is the leading culprit causing belly fat.

Endocrinologist Michael Jensen at the Mayo Clinic also asserts the same thing. Because then, the liver will burn alcohol instead of the fat you load into the body. Beer and wine can contain up to 150 calories, each drink is loaded with many accompanying dishes, fried foods make the excess fat higher.

Research published in the European Journal of Clinical Nutrition shows that not only does the second breast increase rapidly, drinking alcohol also causes many parts of the body to store fat, not only visceral fat. Drinking too much alcohol can also reduce testosterone levels, affect metabolism, can not eliminate fat.

Alcohol has been shown to be associated with an oversized bust, and dangerous visceral fat accumulation. Photo: Freepik.

Lazy movement

Men who work in the office, less moving and moving often have a big belly. Most of them do less exercise every day due to busy schedules, lack of time … These habits cause the metabolic index (BMR) to drop.

Lazy exercise not only causes belly fat for men but also for women, this is also very easy to happen. However, we should not practice focusing solely on the abdomen. The truth is, even when doing abdominal exercises every day, you will not necessarily have a flat and toned bust. Focusing on exercising to a specific muscle area will only help you increase strength and muscle mass, instead of losing fat.

You should combine functional exercises, using all the muscles of the abdomen, back, and pelvis … These are areas of the body with many muscle bundles, helping to burn higher calories.

Research in the journal Medicine and Science in Sports and Exercise showed that if you keep high intensity during exercise will help reduce belly fat more effectively. Kate Patton, a nutritionist at Cleveland Clinic, USA, recommends that you take 250 minutes (medium intensity) or 125 minutes (high intensity) exercise per week.

Just crunching does not help us reduce the oversized 2. Photo: Getty Images.

Stress and lack of sleep

Cortisol is a steroid hormone produced to help the body manage and deal with stress. When men are exposed to extreme stress or danger, their bodies release more cortisol and affect their metabolism.

We also tend to eat something or eat more to reduce stress. Cortisol prevents excess calories from being metabolized and accumulates around the abdomen and other areas of the body.

Stress and poor sleep quality are the main causes of visceral fat gain. Many people put pressure on themselves when they are obsessed with their weight. Stress increases the amount of hormone cortisol, promotes fat adhesion to cells.

Research from the National Institutes of Health shows that 30% of people in this country sleep less than 6 hours / day. This causes the waistline to accumulate excess fat quickly. Lack of sleep also increases the appetite hormone ghrelin.

A study in the US of over 70,000 women in 16 years found that those who slept less than 5 hours / day had a 13 kg increase risk compared to the group who got enough sleep. The National Institutes of Health recommends adult groups to sleep 7-8 hours / day.

Genetic

In addition, according to Medical News TodaySome evidence also suggests that abdominal obesity and obesity are genetically related. Documents from the US Centers for Disease Control and Prevention show variations in certain genes that may contribute to obesity by increasing hunger and cravings.

Genes can also affect behavior, metabolism, the risk of developing obesity-related disease, indirectly accumulate fat for round 2, causing a beer belly.