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Hengdian Film and Television (603103) Interim Review: 2019 semi-annual report can be a great opportunity or next year

Hengdian Film and Television (603103) Interim Review: 2019 semi-annual report can be a great opportunity or next year

The company released its semi-annual report for 2019.

The company released its semi-annual report for 2019 and achieved operating income13.

86 ppm, a decrease of 5 per year.

41%; Realize net profit attributable to shareholders of listed companies.

73 trillion, down 23 a year.

76%; net profit attributable to shareholders of listed companies in place of non-recurring gains and losses1.

32 ppm, a decrease of 33 per year.

60%; the realization of basic profit income is 0.

27 yuan, expected average net asset income increased by 7.

61%.

Non-ticket revenue continues to grow every year, and the “4 + 1” strategy is significant.

In the first half of the year, the company realized non-ticket income3.

7.4 billion US dollars, an annual increase of 2.

47%, the proportion of non-ticket income continued to increase.

Although the number of moviegoers in the country in the first half of the year was only 8.

0.8 billion, a decrease of 10 compared with the same period last year.

At 3%, the company ‘s direct movie theater audiences were also affected, but the company continued to innovate its business model and dig deeper into the value of traffic, paid attention to differentiated operations and actively promoted the implementation of the “4 + 1” strategy, effectively increasing the ARPU value and exerting scale effects.

Merger, the company continued to develop marketable goods and strengthened the business guidance of cinema sales through joint multi-party resources, and continued to increase sales of the goods; the merged company consolidated and expanded the regional advertising resources and strengthened the supervision and guidance of advertising investment, And constantly expand screen advertising marketing.

We believe that through the company’s continued expansion of conventional cinemas with higher growth levels and service levels, the viewing volume and the size of advertising resources are intended to keep climbing, while cinema advertising is still relatively small compared to other traditional offline advertising scenarios.Under the initial prosperity, the average unit price of cinema advertising resources is still expected to increase steadily.

We believe that the company’s non-ticketing will continue to rely on a large amount of traffic from the company’s theater to support the company’s performance.

Affected by the poor performance of domestic film in the first half of the year and the nation’s screen expansion, the projection business continued to be under pressure.

In the first half of the year, the company achieved revenue from film projection business10.

12 ppm, 10-year average of 8.

04%.

In the first half of the year, the overall box office of the domestic film market was 311.

7 ‰, the ten-year average of 2.

7%, and the company’s box office revenue in the first half of the year was 12.

33 ppm, a reduction of 7 per year.

57%, of which the box office income of asset-linked theaters was 10.

51 ‰, a decrease of 7 per year.

97%, with a market share of 3.

66%.

The box office revenue of the company’s affiliated theaters has a larger decline than the overall box office in the country for two reasons. First, from the perspective of screen market share, the company’s screen area has increased by 14 in the past year.

85%, direct-operated screens increase by 14 each year.

15%, all slightly lower than the national screen over the past 15 years to grow faster than 15.

21%, and considering that this round of national screen expansion is mainly concentrated in the low-tier cities where the company is actively deployed, the company has also replaced its screen market share. Second, from the perspective of box office structure,Movie crowds relatively prefer domestic films, while domestic films made only 157 in the first half of the year.

54 ppm, a reduction of 16 per year.

94%, so the company was affected by the adjustment of the box office structure this year.We think that although the projection business as a whole may continue to be under pressure, but after the expansion of the national screen, the gradual decline of the single screen is gradually converging, and with the recovery of the domestic film box office next year, the company’s projection business is expected toThe turning point in the coming year.

Investment Advice.

Taking into account the first time the national movie box office broke through in the first half of the year, we slightly lower the company’s profit forecast from 0 to EPS in 2019-2021.

57, 0.

65 and 0.

78 yuan is reduced to 0.

46, 0.

58 and 0.

67 yuan, corresponding to 3北京男士会所1, 25 and 21 times the PE.

Our reasonable price range for 2019 is from 14.

25-17.

10 yuan down to 11.

50-16.

10 yuan, maintain “Neutral” rating.

risk warning.

Box office performance was less than expected, market competition intensified, and macroeconomic downside risks.

China Unicom (600050): Profitability continues to improve 5G cycle expected value revaluation

China Unicom (600050): Profitability continues to improve 5G cycle expected value revaluation

Performance summary: The company’s service revenue for the first quarter of 2019 was 668.

0.2 million yuan, up by 0 every year.

3%; realize net profit attributable to shareholders of listed companies.

25 ppm, an increase of 24 in ten years.

8%.

Short-term revenue pressure, and profitability continued to improve significantly.

In the first quarter of 2019, due to the rapid growth of innovative business, fixed-line main business revenue reached 269.

1.9 billion, an increase of 9 over the same period last year.

4%; Affected by the cancellation of mobile phone roaming charges and intensified market competition implemented in July 2018, the company’s mobile business revenue decreased by 5 compared with the same period last year.

2%, it is expected that under the same market environment in the second half of the year, and the company actively promotes basic business innovation and differentiated management measures, mobile business revenue is expected to pick up.

The company’s cost reduction and efficiency enhancement effects are significant. The company’s depreciation and amortization in the first quarter of 2019 decreased by 8 compared with the same period last year.

6%, mainly due to good control of capital expenditure in recent years; financial expenses decreased by 118 compared with the same period last year.

2%, mainly due to the substantial reduction in abundant cash flow and the extension of interest-bearing debt last year; network operation and support costs decreased slightly compared to the same period last year1.

1%, mainly due to effective management and control of related costs.

In the first quarter of 2019, the company’s EBITDA was 250.

870,000 yuan, an increase of 4 in ten years.

4%; net profit attributable to parent company is RMB 16.

2.5 billion, an increase of 24 over the same period last year.

8%.

The release of the new 5G logo ushered in a new cycle of value revaluation.

At the Global Industry Chain Partner Conference, the company officially released a brand new 5G 杭州桑拿 brand identity and 5G network deployment, and established a “5G Application Innovation Alliance” in cooperation with merged companies.

The “7 + 33 + n” 5G network deployment released by the company, that is, continuous coverage in 7 urban areas of Beijing, Shanghai, Guangzhou, Shenzhen, Nanjing, Hangzhou, Xiong’an, significant regional coverage in 33 cities, and n citiesCustomize the 5G network secondary network, build various industry application scenarios, provide various test scenarios, and promote 5G application incubation and industrial upgrading.

The company also plans to invest 6 billion to 8 billion US dollars in 5G construction in 2019, and organize 10 billion funds to incubate 5G projects, build 200 + 5G demonstration projects, establish 50 + 5G open laboratories, and incubate 100 + 5G Innovative application products, 杭州夜网 formulate 20 + 5G application standards.

The 5G era is approaching. Operators can take advantage of 5G network open capabilities, deepen vertical fields, provide business platform incubation, and not only serve 2C customers. It will bring more 2B customer cooperation and revenue increase.More adapted to the exploration of new business models, it is expected to usher in a revaluation of value.

Profit forecast and rating.

It is expected that EPS for 2019-2021 will be 0.

20 yuan, 0.

26 yuan, 0.

32 yuan, optimistic about the company’s continued increase in revenue, cost reduction and efficiency, and new performance in the 5G cycle, maintaining the “overweight” level.

Risk warning: the competition in the telecommunications market is intensifying, innovative businesses may be less than expected, and user development may be less than expected.

Ping An of China (601318): Both embedded value and profit growth surpass expectations. Repurchase provides sustainable support

Ping An of China (601318): Both embedded value and profit growth surpass expectations. Repurchase provides sustainable support

2018 results exceeded expectations. The company announced its 2018 results: net profit attributable to mothers increased by 21% per year.

The value of new business is growing by 7% annually, exceeding market expectations of 2%.

The embedded value increased by 21% over the beginning of the year and exceeded market expectations by 2%.

Development Trends The value of new businesses exceeded expectations, and the growth rate of embedded value exceeded expectations.

The value of new business increased by 7% per year, exceeding market expectations of 2%, exceeding CICC’s forecast of 1%, corresponding to a 23% increase in 4Q18.

The embedded value increased by 21%, exceeding market expectations by 2%, mainly benefiting from the adjustment of the market value of non-life insurance business (downward interest rates pushed up the value of bonds) and the revaluation of Lufax’s Series C financing value (US $ 7.2 billion).

The Group’s profit exceeded market expectations, mainly due to life insurance OPAT exceeding expectations.

The Group’s profit exceeded market expectations by 9% and exceeded CICC’s forecast of 4%, mainly due to: 1) Life insurance business operation deviation (estimated surrender rate subject) and significant release of risk margins, driving the strong growth of life insurance OPAT by 35%; 2) Impact of the revaluation of Lufax’s Series C financing (US $ 7.2 billion).

The growth of guaranteed new orders 杭州桑拿网 was slightly lower than expected.

The value of long-term protection-type new business increases by 4 per year.

4%, slightly lower than market expectations.

The core indicators of life insurance agents are leading the industry: total manpower increased by 2% annually, average monthly active manpower increased by 5%, and per capita income remained flat for ten years.

The underwriting profit of the property and casualty insurance business exceeded expectations.

Due to the intensified competition in the program rate of the 2H18 auto insurance industry, which eventually led to an increase in corporate tax rates, the profit of the property insurance business decreased by 8%, and the comprehensive cost ratio was 96%, which was stronger than market expectations.

The share repurchase program advanced beyond expectations.

The company announced the A-share repurchase plan: it plans to repurchase A shares for RMB 5-10 billion, with the price not exceeding 101.

24 yuan / share.

We believe that the repurchase reflects confidence in the company’s internal value, which is conducive to boosting H / A estimates, and conversion to A shares can provide certain support (especially when it exceeds 1x P / EV).

Earnings forecast raises the company’s 19 / 20e embedded value forecast1.

6% / 1.

7%.

Estimates and recommendations Currently Ping-A / H meets the corresponding 1.

1/1.

1x 19 years P / EV.

We maintain Ping An-A / H’s recommended / recommended ratings and target price of 89 RMB / 100 HKD unchanged, corresponding to 19 years 1.

4/1.

4x P / EV, a 29% / 21% growth potential compared to the previous one.

The risk market’s sustainable changes in interest; the long-term Treasury bond interest rate fell rapidly.

Garlic, a natural antibiotic since ancient times

Garlic, a natural antibiotic since ancient times

Don’t underestimate the small garlic. In the era without antibiotics, it played an important life-saving role.

In the past, salt and garlic were necessary when marching. Salt supplemented minerals, and garlic was used to kill bacteria and prevent diseases.

The medical value of garlic was recorded in the “Old Compendium of Materia Medica” of the ancient pharmacopoeia of the elderly.

Modern medicine has further confirmed that the allicin contained in garlic has a strong lethality to a variety of bacteria and viruses. In addition to food, it must be processed and produced as disinfectants, plant antibiotics, weight loss health products, etc.”.

  Because garlic has a significant bactericidal effect, it has better curative effects in the treatment of gastroenteritis and diarrhea.

Commonly used dietary therapy, for patients with mild diarrhea, two garlic can be used, roast the garlic head on fire, roast until the skin becomes dark, put in an appropriate amount of water to cook, take its juice; 150 grams of fresh purslane can also be used, 200 ml of decoction, add 25 grams of garlic, mashed like mud, separate it, stir, filter the juice, and inject twice, you can get the antidiarrheal effect.

You can also take raw garlic or decoction directly to treat diarrhea.

  In “Jang Jang Geum”, Chang Jang Geum used garlic to help the mother-in-law eliminate athlete’s athlete’s foot, and it can still be delayed today: 30 grams of ginger, 60 grams of garlic, 30 grams of tangerine peel, 60 grams of red beans, 250 grams of fresh anchovies.It can also be eaten; you can also use 2-3 raw garlic heads (peeled garlic cloves), 250 grams of dried eyebrow beans, 150 grams of fresh chicken feet, and cook together to eat soup, you can receive spleen and dampness, and beriberi.

Rubbing or smashing externally with garlic slices can treat tinea capitis.

  In addition to its anti-inflammatory and bactericidal effects, garlic also has various effects such as helping digestion, lowering blood pressure, lowering blood lipids, activating the body’s immune function, and anti-tumor effects. No wonder some people say: “Eat garlic and eat less medicine.

“But there are a few things to note when eating garlic: the germicidal substances contained in garlic will quickly lose their effect when heated, so garlic should be eaten raw; if you want to achieve the best health effects, it is best to mash garlic into mud.Instead of cutting into minced garlic with a knife.

  In addition, anyone with nitric acid who has ulcers or bleeding disorders should not consume garlic to prevent its irritation and adverse reactions.

Yin deficiency and fire prosperous or throat discomfort are also not suitable for consumption, especially for patients with eye diseases.

Because garlic is irritating, the topical application time should not be too long, otherwise it will cause skin redness, burning and blistering.

  However, garlic stimulates the taste. It is best to rinse your mouth after eating garlic, or drink a cup of coffee, milk or green tea, which can eliminate the effect of breath.

Grand view of traditional Chinese medicine tonic qi

Grand view of traditional Chinese medicine tonic “qi”

The “qi” of traditional Chinese medicine is the motive force of life activities, and it plays a role in promoting, defending, warming, and taking pictures of various organs of the human body.
It is often said that “qi deficiency” is more likely to occur in winter. The most obvious are colds, cold and cold.
In addition, a series of problems such as shortness of breath, chest tightness, indigestion, cough, stomach ptosis and even irregular menstruation are related to Qi deficiency.
  常用的补气中药材有:  人参  大补元气,有补益强身作用,可抗衰老,适用于久病体虚、心悸心慌、肢冷、气短、虚脱、心衰、神经衰弱等症,提高免疫功能,Promote the recovery of disease.
  Astragalus membranaceus replenishes qi and boosts yang, strengthens the spleen, strengthens the skin, and relieves swelling. It is suitable for spontaneous sweating, night sweats, edema, internal injuries, fatigue, spleen deficiency, diarrhea, prolapse of the anus and all the symptoms of Qi deficiency and blood deficiency.
However, those with high fever, thirst, constipation and other actual fever should not use it.
  American Ginseng supplements qi, nourishes yin, clears fire, and produces fluids, and is suitable for lung deficiency, cough, chronic cough, wheezing, hemoptysis, and aphonia.
Those who have fatigue, fatigue, and sweating after intense activity take it well.
  党参  能补中益气、生津养血,常用于气虚不足的乏力、气短、心悸、食少、便溏、气津两伤的口渴;气血两虚的面色萎黄、头晕等症,以及病Physical weakness and malnutrition.
  Prince Edward ginseng supplements the lungs, strengthens the spleen, and improves qi and vitality, and can be used for spleen deficiency, lack of food, burnout, and children’s thinness; lung deficiency, cough, spontaneous sweating, palpitations, insufficient fluid, thirst, and qi and yin deficiency.
  白术  补气健脾、、燥湿利水、止汗安胎,可用于脾气虚弱的食少、便溏、倦怠少气、自汗;水湿停滞的痰饮、水肿;妊娠脾虚气弱、胎气Uneasiness, foot swelling and other symptoms.

Characteristics of a healthy family

Characteristics of a healthy family

1: All family members accept that each other is equal in value.

  2: worthy of trust between each other.

Be honest and open.

  3: There is a consistent communication model.

  4: Family members support each other.

  5: Family members share shared responsibilities.

  6: The family got together and talked and laughed.

  7: Provide family traditions and rituals.

  8: Family members indirectly accept each other’s differences, and at the same time thank everyone for their uniqueness.

  9: Family members respect each other’s privacy.

  10: Various feelings are accepted and processed.

  11: Family members are encouraged to take risks.

And growing from mistakes

Fresh tofu with healthy beauty

Fresh tofu with healthy beauty

The concept of tofu is soft and tender, delicious and delicious, a variety of trace elements, vitamins, proteins and amino acids, etc., have a very important role in human growth and development, metabolism and immune function.

The protein and essential fatty acids contained in beans are important substances to maintain skin elasticity and keep the skin smooth and delicate. Without it, the skin will become rough, loose, and wrinkles will appear prematurely.

Therefore, tofu is not only an appetizing, spleen-inspiring delicacy, but also a beauty food.

Here are some methods of making tofu for your reference.

  Thai-style fried tofu ingredients: tofu, fried crispy peanuts, water, sugar, lime juice, red bell pepper.

  Practice: 1.

Cook sour and sweet sauce.

Add in sugar after boiling and simmer, cook over low heat to form sauce, add lime juice to serve.

  2.

Fry crispy peanuts with a knife until finely chopped.

  3.

Tofu is evenly mixed with fine salt, squeezed to remove moisture, cut into strips, put in boiling oil, fry until golden brown, remove and degrease.

  4.

Served with fried tofu, sprinkle with peanuts, and mix or dip in sweet and sour sauce.

  Crispy fried tofu ingredients: crabmeat tofu, edamame, seaweed, egg white, broth, bonito, Taibai powder, sesame oil, salt.

  Practice: 1.

Cut crab meat tofu into 0.

5 cm thick sheet.

  2.

The edamame is boiled in boiling water until cooked, soaked in cold water to remove the outer membrane; seaweed is cut into filaments with scissors for later use.

  3.

Put the oil in the pot evenly. Add tofu, edamame, broth and 1/3 teaspoon of finfish essence, stir and stir well. Stir in the white powder, pour egg white, and drizzle sesame oil. Sprinkle with Shanghai Tess.

  Green leaf tofu ingredients: 200 grams of tender lettuce leaves, 200 grams of tender tofu, sesame oil, spicy oil, and appropriate amount of salt.

  Practice: 1.

Rinse the washed lettuce leaves in boiling water, remove, drain, and chop.

  2.

Cut the tender tofu into small cubes, cook in boiling water and add to the dish. Mix with lettuce leaves, refined salt, sesame oil, and spicy oil and serve.

  Garden tofu ingredients: 400 grams of tofu, 20 grams of pine nuts, 10 grams of ham, ginger, shallots, peppercorn powder, and umami juice.

  Practice: 1.

Cut the tofu into thin slices and boil in water.

  2.

The crushed pine nuts, sliced ham and ginger, pepper powder and umami juice are evenly sandwiched between the two pieces of tofu, mixed with an appropriate amount of starch, and placed in a steamer.

Then take out the steamed tofu and put it in the oil pan which is heated to 60%, add the soup, and simmer for 6 minutes.

Common misunderstandings of dragging behind the hammer neck

Common misunderstandings of dragging behind the hammer neck

The main exercises for the upper back muscle group, such as the lower trapezius muscle, the rhomboid muscle, the large and small round muscles and the erector spinae, are the best moves to separate the upper back muscle group, making the side more beautiful and stylish.

  Common mistakes: bow your head and bow back during exercise, exercise is not good, and it can cause cervical spine injury or strain.

The concept of movement is fuzzy or the weight is relatively light. When the force is applied, the crossbar will be lowered too low by inertia. The stressed part will be transferred to the arms and shoulders. The active muscles will be reduced in force.
This error is common among women.

  Correction: Sit upright, with your upper body straight, raise your head, and lean forward slightly.

It is not advisable to include thoracic arches and waists during the action.

If the concept of movement is vague, ask the instructor to correct it during practice; if the weight is light, increase the load appropriately.

  Action essentials: sit upright with both knees fixed, hold the horizontal bar with both hands, the grip distance is wider than the shoulder.

The upper back muscles forcefully contract. Drag the horizontal bar vertically to the 3rd and 4th cervical vertebrae, slightly higher than the shoulders.

Then use the gluteal muscle group to control the bar slowly and slowly.

  Action points: Use the resistance of the gluteal muscles to make the shoulders rise upwards, fully relax at the shoulder joints and scapula outreach to both sides.

When dragging, the horizontal bar should be pulled to the neck to slightly higher than the shoulders until the left and right shoulder blades move closer to the spine, so that the entire side is in the “peak contraction” position, stop a bit, and then restore.

Drinking with leaders

Drinking with leaders

Tip 1 Although the wine table is “deep in emotion, suffocating; shallow, licking”, you must not hang this sentence on your mouth while drinking.

  Tip 2 Keep your eyes on your back, keep your hair down, and don’t make it big as soon as you get to the wine table.

  Tip 3 Leaders drink each other before it’s their respect.

  Tip 4 You can respect more than one person, and never respect more than one person, unless you are the leader.

  Tip 5: Respect others by yourself. If you do n’t touch the glass, how much you drink depends on the situation. Some of the other party’s alcohol consumption and attitude of the other party must not drink less than the other party. You must know that you are respectful.

  Tip 6: Respect others by yourself. If you clink a glass, I’ll finish it. You are free, Fang Xian generous.

Link: Burnout Elimination Mystery Career Planning Six-Step Tips 7 Your humble position, remember to add more wine to the leader, don’t blindly replace the wine for the leader, you have to replace it, and you must also find someone to lead,Pretend to be drinking because you want to drink, not to replace the leader.

A leader is overwhelming, and he can stop those who are ready to respect leader A by knocking sideways.

  Tip 8 Lift the glass (beer glass), the front glass with your right hand, and the bottom of your glass with your left hand. Remember that your glass is always lower than others.

If you are a leader and know something interesting, don’t put it too low, otherwise how do you call the person below?

  Tip 9 If there are no special characters present, it is best to touch the wine in a clockwise order, and not to be too thin.

  Tip 10: Toast, toast, talk.

  Tip 11 If you do n’t talk about business on the desktop, drink well, and the business is almost the same. Everyone knows in your heart, otherwise people will not open up to drink with you.

  Tip 12 Don’t pretend to be crooked, say the wrong thing, do the wrong thing, don’t argue, consciously punishing alcohol is the last word.

  Tip 13: If it ‘s pure, if you encounter insufficient wine, put the wine bottle in the middle of the table so that you can add it yourself. Do n’t be foolish and go to a pourer. What happens if the person next to you does not have wine?

  Tip 14 There must be a stuffy glass at the end, so don’t leave your glass empty.

Can’t run?
Tip 15 Don’t be guilty after drinking alcohol, don’t talk loudly, don’t get spit, don’t spit, fly chopsticks, don’t point fingers, drink soup snoring, don’t fart and burp, can’t hold the toilet, no one stops you.

  Tip 16 Don’t put “I can’t drink” on your mouth (if you drink), lest others call you hypocrisy, whether you believe it or not, people can really drink it.

Link: What can’t be said during the interview. Manager’s indispensable charm trick. 17 The leader drinks with you to give you a face, no matter how much the leader wants you to drink, do it yourself, remember, hands, cups should be low.

  Tip 18 Peanut Rice is a good thing for drinkers.

Keep a sober mind, and ask for warmth after drinking. A cup of yogurt, a cup of hot water, and a hot towel can easily cause you to care.

Fitness exercise VS bodybuilding

锘?

Fitness exercise VS bodybuilding

Generally, aerobic training and instrument training are combined, and the amount of exercise for aerobic training is generally more than that of equipment training.

The training of the equipment is based on medium-intensity training of 鈥渓ight weight, multiple sets and short intervals鈥?

Mainly anaerobic training, supplemented by appropriate aerobic training.

銆€銆€First, the concept of bodybuilding and fitness sports People’s understanding of bodybuilding and fitness is often ambiguous, and some people regard “big muscles” as synonymous with “bodybuilding”; some people think that fitness is a bodybuilding movement, andThe year is equal to the number.

In fact, bodybuilding and fitness are two different concepts, both of which are related and different.

銆€銆€(1) Fitness exercise: refers to the physical exercise that ordinary healthy people engage in to enhance physical fitness.

Mainly to develop and enhance the function of organs in the human body.

In particular, the cardiovascular system and respiratory function, as well as strength, endurance quality, etc., that is, the exercise of aerobic metabolism.

However, due to the age, gender and health of the participants, the various content used is different.

Such as jogging in the morning, as well as the elderly playing Tai Chi.

銆€銆€(2) Bodybuilding: (BODY-BUILDING) is a kind of freehand, dumbbell, barbell, kettlebell and other light or special equipment, using various movement methods and effective methods to exercise, increase physical strength, developed musclesIt is a branch of the weightlifting movement and an independent competition project to improve the body posture and the physical activity of cultivating sentiment.

Because its game is a healthy, powerful, beautiful game, it is called a bodybuilding competition.

銆€銆€(3) Fitness training: Through various forms of physical exercise, it can improve the function level of internal organs, especially the cardiovascular system, and finally achieve the purpose of enhancing physical fitness.

Generally, aerobic training and instrument training are combined, and the amount of exercise for aerobic training is generally more than that of equipment training.

The training of the equipment is based on medium-intensity training of 鈥渓ight weight, multiple sets and short intervals鈥?

“Light weight”: generally use 20% of the maximum weight – 30%, up to 40%.

The number of “multiple groups” is generally more than three groups, and no more than five groups.

鈥淢ultiple times鈥? no less than 15 times in each group.

“Short pause”: generally 30 — 40 seconds, no more than 60 seconds.

銆€銆€(4) Bodybuilding training: based on developed muscle blocks and shaping muscle lines.

Mainly anaerobic training, supplemented by appropriate aerobic training.
Anaerobic (instrument) training uses high-intensity training with “large weight, few groups, few times and proper spacing”.

It has two meanings: (1) fitness and bodybuilding.

The purpose is to develop a well-balanced body and improve your health.

銆€銆€(2) Competitive bodybuilding.

Through scientific training, reasonable nutrition and full and recovery, instead of developing the muscles of various parts of the body, the body is body-building and sculptural to win the game.

銆€銆€Second, the relationship between the two: From the two concepts, fitness is a low-level, wide-ranging nature, while bodybuilding is a high-level, improved nature, and specialized.

Fitness is a foundation for the development of bodybuilding and improves fitness.

The purpose of both is to enhance the people’s physique, a healthy body, a bodybuilding physique.

Therefore, undoubtedly men, women and children, both to facilitate the exercise, but also to do bodybuilding exercise, so that our body is healthy and fit.