Tens of billions of positions exposed, private equity boss Jiang Jinzhi aggressively bought these companies

Tens of billions of positions exposed, private equity boss Jiang Jinzhi aggressively bought these companies

Source: China Fund News China Fund News reporter Fang Peiyan According to the latest data from the US Securities and Exchange Commission (SEC), at the end of the second quarter, Jinglin Assets held a total of 25 US shares and a market capitalization of 15.

USD 1.1 billion (approximately RMB 11.2 billion), compared with the holding amount of 16 at the end of the quarter.

The $ 2.6 billion reduction is about 7%.

  Specifically, Jinglin’s first heavy stock is Alibaba, which holds 320 shares.

670,000 shares, the market value of positions is as high as 5.

USD 4.3 billion, accounting for about 36% of the entire portfolio.

In addition, the three industry sectors of education, medicine and technology are the most favored: 14 new and increased companies are mainly concentrated here.

  It is obvious that the stocks of Noah Wealth, Happy Times and other stocks that have plummeted since the third quarter, and Jinglin Assets have cleared / reduce their holdings in advance, often successfully avoiding the big drop.

  For future development, Jinglin Assets said that it will focus on strong cash flow companies and industries and leading companies that may lead the core driving force of the Chinese economy in the future, taking into account short-term performance and long-term potential.

  The first largest position is Alibaba’s ranking of the top ten holdings of the top 10 heavy stocks, which account for about 36%.

USD 4.7 billion, accounting for over 95% of the entire portfolio.

  Among them, the first heavy stock is still Alibaba, with 320 shares held.

670,000 shares, an increase of 7 compared with the end of the first quarter.

760,000 shares, ending the market value at the end of the second quarter5.

$ 4.3 billion, representing approximately 36% of the entire portfolio.

  The second, third, fourth and fifth largest heavy stocks respectively asked New Oriental, Facebook, Happy Times and Pinduoduo. They held market values ranging from US $ 51 million to US $ 300 million, and all suffered reductions in their holdings.

  The tenth largest warehouse stock is the newly entered Hutchison Pharmaceuticals, an innovative biopharmaceutical company in the commercialization stage. Jinglin bought 67 in the second quarter.

130,000 shares, holding a market value of 1476.

$ 80,000.

  Education, Medicine, and Technology Favored Although Jinglin reduced its holdings in New Oriental, it increased its holdings and joined other education companies.

This includes increasing the holdings for a better future, new enrollment with whom to learn, and Park Shin Education.

  In addition, the pharmaceutical and technology sectors are also favored by Jinglin.

Among the medical and health companies, Jinglin increased its holdings of Zaiding Pharmaceuticals, and newly entered Hutchison Pharmaceuticals, Abbott, and Neox.

  In the technology sector, in addition to increasing holdings of Alibaba, Momo, Qudian, Zendesk, etc., they have also entered Microsoft and servicenow.

  So far, at the end of the second quarter, Jinglin’s assets increased or 14 new companies entered.

  To escape from Noah, the era of happy gatherings ended. At the end of the second quarter, Jinglin cleared / reduce 9 companies.

Including Noah Fortune, Netease, Youxin Used Cars, Bilibili, Happy Times, etc.

  Among them, at the end of June, Jinglin Assets had cleared Noah Wealth.

In early July, Noah revealed that it was “mining” Chengxing International, involving an amount of US $ 3.4 billion.

Noah Wealth went down by 20 on the day.

43%, the market value has shrunk by about 5.

$ 500 million.

  The latest forecasts show that Noah Wealth is sustainable29.

$ 03.

For more than a month, the sustainability has dropped by more than 35%.

  In addition, Jinglin has not substantially reduced its shareholding era, from 8 million shares at the end of the first quarter to 850,000 shares to 112.

  Since the second quarter, the biggest decline in the Huanju era has exceeded 40%.
  Jinglin’s latest point of view: Focusing on two types of companies in the future According to the reporter’s understanding, Jinglin’s latest market point of view is that looking forward to the second half of the year, the macro and international political situation is still difficult to predict.The risk-free interest rate has fallen significantly.

Companies with operational certainty receive a clear estimated premium.

  For future development, Jinglin will focus on companies with strong cash flows and industries and leading companies that may lead the core driving force of the Chinese economy in the future, taking into account short-term performance and long-term potential.

The next step is to test the stock selection ability of investors more.

  In addition, in mid July, Jiang Jinzhi, the actual controller of Jinglin Assets, appeared at a customer exchange meeting and answered several key questions at that time: 1.
How did Jinglin’s performance come from?

  Jiang Jinzhi said that Jinglin’s performance mainly comes from their long-standing value investment philosophy and in-depth research on the fundamentals of the company as an industrial method; they have maintained high positions for a long time under reasonable and reasonable and underestimated, and they chose the bestCompany, they hold the best company for a long time.

  They firmly believe that the expected growth is highly correlated with the company’s performance and may not be completely consistent in the short term, but it must be highly relevant in the long term.

They saw that every time the outstanding blue chip stocks performed well, they performed very well. For example, in the second half of 2014, 17 and the first half of 19, the performance of their products was very good.

The two of them enjoyed the growth of outstanding blue-chip stocks, and they also enjoyed double dividends from these companies from estimated discounts to reasonable estimates.

  2.How did the strategy come about?

  Jiang Jinzhi said that firstly, they have long been in the international market and have experience in the international market. In Hong Kong and the United States, the outstanding stocks are estimated to be higher, and leading companies are estimated to be significantly higher than non-leading companies.

  The second is that this strategy has a theoretical basis. In the past, they have continued to follow investor experts. DCF pricing is the most important corporate pricing method they use.

From the perspective of DCF logic, the certainty of high-quality leading stocks should estimate the premium. They have seen this very early. This DCF model is the core basis for their evaluation of the company.

From the DCF theory deduction, they proposed the return of the blue chip with high performance. They used the DCF framework to repeatedly communicate with investors on the issue of deterministic premiums in 17 and 18 years. Investors who had participated in their past conference calls and road shows knew themThis view.

Practice has proved that this strategy is increasingly recognized by the market.

  They estimate that undervalued and reasonable circumstances, high positions hold long-term outstanding companies.

When they choose a position, they will repeatedly consider whether it is better to hold stocks or cash and government bonds, and they would rather bear the short-term changes.

Many people simply define risk as the volatility of stock prices, but the real risk is a permanent replacement of principal.

  3.What are you optimistic about?

Where is the main position?

  Jiang Jinzhi said that he is optimistic about China, especially the long-term growth of outstanding companies, and insists on holding it when it is reasonable and underestimated, which is why their performance has changed.

  Customers and channels familiar with them know that their main positions are in mid-cap blue chip stocks, and their holding periods are relatively relative.

  In Jiang Jinzhi’s view: From the perspective of the current composition of China’s GDP growth, the contribution of domestic consumption is about 80%, the investment contribution is about 20%, and the net export contribution is very low.

Therefore, domestic demand growth is the most definitive investment opportunity, and investment consumption can also avoid the risks of trade wars and investment.

  At the same time, consumption upgrade is a mega trend for more than ten years, because China is bound to become the world ‘s largest consumer market and the largest middle-class population. Therefore, as long as it is a first-class consumer product brand in China, it will be a company with huge revenue potential.

Coupled with their well-developed e-commerce channels and a good and cheap logistics system, there is still a possibility that China’s consumption growth space will be several times.

If you know that there are 1 billion people in China who have never flown a plane, more than 1 billion people have never gone abroad.

You will understand how long this snow slope is and how big the snowball can roll.

  In addition to consumer companies, they are also optimistic about other high-certainty companies with large racetracks. They pay close attention to investment opportunities in TMT, finance, and pharmaceutical industries.

At present, the leading liquor companies are estimated to have been restored to a reasonable estimate of similar international companies, and long-term holdings can still make money for future performance growth.

At the same time, they have maintained in-depth research on various industries. Their investment scope is not limited to a certain industry. They hold competitive enterprises in various industries.

  4.What is the turnover rate?

  The turnover rate of Jinglin Value Fund is lower than the industry average. The turnover rate in 2018 was only doubled, and the turnover rate as of July 17, 2019 was only 0.

38 times.

  They conduct historical analysis of the performance of domestic products. Every time the blue-chip stocks perform well, their performance is relatively good, such as the second half of 2014, 17 years, and the first half of 2019.

This is consistent with the logic of enjoying the double dividend of growth + estimated return mentioned above.

  If a fund relies on news or temporary, the turnover rate will not be low.

  Attachment: Details of positions held by Jinglin Assets at the end of 成都桑拿网 the second quarter of 2019:

Origen (002701): Factors initialized at the end of three years of clearing

Origen (002701): Factors initialized at the end of three years of clearing

Event: The company announced its annual report and quarterly report, and realized revenue of 81 in 2018.

$ 7.5 billion, an annual increase of 11.

35%, net profit attributable to mother 2.

2.5 billion, a decrease of 67 per year.


In the first quarter of 19, revenue was 20.

$ 5.1 billion, an annual increase of 2.

90%, net profit attributable to mother 2.

3.7 billion, an increase of 10 in ten years.

98% comments: 1. Increasing production capacity is gradually released, customer expansion is beginning to show results, and operating income is steadily increasing.

The production capacity of the new two-piece can factory in Xianning, Hubei has been released, business development has begun to bear fruit, and it has gained multiple new international brand customers.

At the beginning of 2018, sales of metal packaging business increased by 8 year-on-year.

53% to 99.

4.0 billion cans, revenue increased by 13 in ten years.

71%, the company’s caliber revenue increased by 11.


However, under the influence of rising prices of major raw materials, the gross profit margin of 18 dropped slightly.

80pct to 25.


In 1Q1, the operating situation was generally stable, and the increase in revenue increased by 2.

90%; gross profit margin improved by 0.

92pct to 26.


2. Impairment of equity investment affects profitability, the margin of expense ratio improves, and profitability strives for a rebound.

In 2018, the company made provision for impairment losses on COFCO Packaging’s equity investment5.

01 billion, resulting in a substantial drop in net profit attributable to mother 67.

98% to 2.

2.5 billion US dollars, but the one-time accrual of equity investment impairment reserves will not change the company’s main business operations and sound overall situation.

18 The highest selling expense ratio rose by 0 due to the increase in selling freight and promotional expenses.

59 points to 3.

80%, management expense ratio, financial expense ratio decreased by 0.

40pct, 1.

91pct, the marginal improvement is obvious.

19Q1费用率持续边际改善,销售\财务费用率分别降0.33pct\1.53pct, the management expense rate rose slightly to 0.

51 points.

3. The development of the industry has returned to benign. The company intends to introduce equity incentives and maintain the “strong recommendation-A” level. The once-imbalanced supply and demand relationship of the two-piece cans resumed adjustments in the context of 上海夜网论坛 supply-side reforms. The increase in beer canning rates stimulated the market demand for the two-piece cans. The production capacity of the Xianning plant climbed and released. The company’s two-piece cans business revenue and profits are expected to grow simultaneously.
After the acquisition of Boer Asia Pacific China’s packaging business, the company will gradually optimize the customer structure and revenue structure, reduce dependence on a single customer, reduce customer concentration risk, and at the same time give play to the two major metal packaging companies in raw material procurement, production and downstream customer sales.Synergy.

2,209 shares repurchased within 18 years.

The proposed equity incentive of 40,000 shares demonstrates the franchise’s confidence in the development of the company’s operating conditions.

Expected 2019?
The net profit attributable to mothers will be 9 in 2021.

200 million, 10.

900 million, 12.

1 trillion US dollars, an annual increase of 310%, 18%, 11%, currently corresponding to 19 years of PE per year is 13x, maintaining the “strong recommendation-A” rating.

Risk reminder: customer concentration risk, raw material price fluctuation risk

How should mobile phone dependence be relieved?

How should mobile phone dependence be relieved?

Mobile phones, as an advanced communication tool, are becoming more and more popular due to their convenience and speed. They have been transformed into a growing group of “mobile phone families”, a modern mental illness caused by excessive dependence on mobile phones-mobile phone dependenceThe disease also quietly appeared.

Miss Shi is a corporate propaganda of a cultural company. Due to the nature of her work and the need to extend contact with external parties, her mobile phone has become her inseparable “assistant”, and she uses her mobile phone far more frequently than others.

Due to her outstanding work performance, Ms. Shi was promoted to a management position to serve in the military administration.

The change in the nature of work has suddenly reduced the number of phone calls. Ms. Shi, who has always been very enthusiastic about her work, began to feel very worried, depressed, and depressed. From time to time, she took out the phone to see if there were missed calls, and she often called othersAs if her cell phone was ringing, even her temper became irritable, and she often got angry somehow.

过 Excessive pressure is the main reason what makes Miss Shi ‘s mood change so much?

Feng Bolin, president of the Chinese Social Psychological Association, believes that Miss Shi ‘s performance is typical of “mobile phone dependence.”

Feng Bolin explained that modern society is under heavy work pressure, interpersonal communication is gradually increasing, and information is updated and circulated quickly. These reasons have led mobile phones to become the focus of most people ‘s work and life. Mobile phones have in fact occupied a very important part of these people ‘s hearts.Once the mobile phone is out of power or the frequency of incoming calls suddenly decreases, mood swings such as worry, irritability, depression and other symptoms occur.

  Introverted personality is easier to obtain According to statistics from relevant departments, China is the country with the largest number of mobile phones in the world.

In spring?

Xun, especially the white-collar workers who are pursuing fashion, often replace mobile phones or have more than one mobile phone, which is the most concerned group of mobile phones.

Coupled with high work pressure and relatively distorted mobile phones, the incidence of this type of psychological discomfort among white-collar workers is also increasing.

In addition, some people with introverted personality and lack of self-confidence are the high-incidence people infected with “mobile phone dependence”.

These people often have a small social circle and few friends. They do not want to communicate with the outside world but are not proactive. They can only use mobile phones to resolve loneliness and prove their existence.

Still others show their working hours to others by answering the phone, thus proving their social nature and satisfying their vanity.

   Another manifestation of “mobile phone dependence” is the excessive use of mobile phones for communication, such as: where you can easily reach within a few steps, but you must use mobile phones to communicate; when you wait for someone, you always call your mobile phone alternatelyWhere the other person is, if they do n’t fight, they are anxious.

People with severe “mobile phone dependence” will experience numbness in their hands and feet, palpitations, dizziness, sweating, and gastrointestinal disorders.

  Adjusting life can alleviate Feng Bolin said that “mobile phone dependence” is a modern mental illness that changes the lifestyle changes of modern people. As long as you can face it, you can avoid or alleviate this symptom by adjusting your life in some way.

  People who rely on mobile phones because of the change in the nature of work are actually the interruption of communication desire caused by the sudden disappearance of some fixed communication objects.

Such people can rebuild their own social circle in life, take part in some social activities in their free time, and meet with a few regular friends regularly to resolve depression and make themselves adapt to the new environment and work as soon as possible.

If you are habitually dependent on mobile phones, you should actively talk to people in real life, read more books, read newspapers, gradually reduce the number of times you use mobile phones through self-discipline, and strive to focus your life on mobile phones.Transfer.

If objective conditions permit, it is best to participate in some beneficial physiological activities, such as: listening to music, going for a walk, outings, fitness, etc.

If you are overly dependent on your phone, you should see a psychiatrist to avoid affecting your normal life and work.

  Quiz: Are you worried about whether you have “mobile dependence” if you use your phone regularly?

Then do a little test!

If more than half of the following questions are answered in the affirmative, then you are likely to have “mobile phone dependence”, so you must be careful: 1.

Do you always keep your phone on your body and feel upset if you don’t take it?


When the ringtone does not ring every second, will you feel uncomfortable and take a subconscious look at the phone for missed calls?


Do you always have the illusion of “My mobile phone ringing”, and even often use someone else’s mobile phone ringing as if your own phone is ringing.


When answering a call, do you often feel that the radiation wave of the mobile phone is surrounded by your ear?


Do you often look for your phone subconsciously and take out your phone from time to time to see it?


Are you often afraid of the phone turning off automatically?


Do you keep your phone on at night?
When the mobile phone is often out of line and cannot receive the signal, will you feel worried and weak, and your temper will become irritable?


Are there symptoms of numbness in hands and feet, palpitations, dizziness, sweating, and gastrointestinal disorders?

10 traditional maintenance methods in the mother age


10 traditional maintenance methods in the mother age

Compared with our previous generation, mom was ranked when she was young, and girls now are really happy.

There are a variety of facial cleansers for washing your face, and special hair conditioners for hair care, as well as special products for exfoliation and acne.

But in the mother’s young age, the industry was still underdeveloped, and all these modern skin care products were not available yet. How did the girls who love beauty maintain it?

Therefore, it can be seen that some maintenance tips spread in the field are indeed effective.

Here are some traditional maintenance methods for black people!

  To remove blackheads, acne, and horny skin, use a towel and towel. After the shower, the stratum corneum is soft, and while the steam in the bathroom is not dispersed, and there is a little heat, you can use medical gauze, but the denser the woven fabric, the more denseThe better, slowly in areas with blackheads and need to exfoliate, gently massage in a circular motion, there will be blackheads and horny effects.

Using towels instead of hands for daily face washing will also have an exfoliating effect, but use with caution on dry and sensitive skin.

  Massage, keratin, and maintenance all rely on sugar to wet the face in advance, pick up the foam in the palm of the hand, and put in sugar (the particles should not be too large, otherwise it will scratch the skin), or the finely ground mung bean powderApply on blackheads and horny areas and massage slowly in circular motions.

The benefit is that it can achieve the effect of exfoliating, the sugar slowly melts, and it will also have a maintenance effect on the skin.

  Shrink the pores with a frozen towel to make a dry towel completely moisture-free, put it in a sealed zipper bag, and then put it in the refrigerator.

Before applying makeup in the morning, take out and apply moisture to shrink the pores. Towels must not have moisture. If there is moisture, it will form ice.

Scratches the skin.

  Tighten the skin, remove the edema tightly, and then set the drainage massage method: use the index finger and middle finger abdomen, gradually stop gently tapping from the sides of the nose, cheek to ears, about 5-10 seconds each; then put the left and right faces on both hands to extendStay in the ears for 5-10 seconds in both directions.

This is also where the traditional Chinese medicine called acupoints, vagina and acupuncture points can help eliminate excess meat.

Below the ear is the location of the lymph glands that control metabolism. The temperature of the palm helps the lymph to metabolize water and waste.

Sliding the fist of your hand over the retina, massage the occluded occlusal muscles to become smoother and longer, and can also lift and relax the skin as you grow older.

  In addition, you can also use a porcelain spoon to put on the skin to complete the massage. However, do not pull the skin while lying on the bed at night, put your head outside the bed, put your feet up on it, maintain this posture, and then rub the care products.

The advantage is that the skin on the face can resist gravity and achieve firmness, and the legs can also achieve edema removal.

  With your eyes looking upwards, use fat belly around the eyes, especially under the bags under the eyes and dark circles, and gently press to remove the bags under the eyes and dark circles.

  Repairing watermelons after sunburn is a treasure used to freeze the skin of watermelon peel. The effect of watermelon peel is similar to aloe vera, which can help calm the skin after sunburn.

  Oral care salt can also play a big role. Gently massage the gum with the salt, stay for about 5 minutes, and then rinse your mouth, which can help eliminate gum edema; rinsing your mouth with fresh saline can help eliminate sore throat.

  Weight loss notes Life details Control food intake Drink water before meals to help control food intake; lie flat and massage parts clockwise and counterclockwise to help eliminate bowel movements; get up in the morning and drink a large cup of light flour to help eliminate bowel movements; bottle up half a bottle of mineral waterMung beans / meter, arms flat, shake to both sides, help reduce worship meat.

  Moisturizing and beauty take ordinary honey for face, which can improve the moisturizing effect, or add half an egg yolk, apply the face evenly or apply cracked hands and feet, and the remaining half of the egg yolk can be blended with black sesame powder and applied to the hair ends to hydrateHair care.

Putting mineral water in a watering can is a homemade mineral water lotion. Use chicken feet + pig feet + soy beans + kelp to cook soup. It can supplement collagen and phytoestrogens. Use sugar-free yogurt and mung bean powder.Reconcile the mask into your face to gently metabolize keratin and moisturize and whiten.

  Accelerate the blood circulation of the body. Tap the body several times, clap your hands, slap the palms, 100 palms each; raise your feet + raise your head several times; massage your scalp with a round wooden hedgehog comb to accelerate hair growth.

Massaging the whole body can speed up blood circulation and relieve itchy skin. Before hairdressing, weave the hair into fragile hair, or use a clip to fix the tail around the straw. It opens in the morning to make beautiful curls.

Drink duck blood fan soup to lose weight and delicious

Drink duck blood fan soup to lose weight and delicious

People in Nanjing like to eat duck, and snacks are also related to duck.

It is said that the duck blood fan soup is a poor local who used a small bowl to fill the blood when killing ducks. The fans accidentally fell in and had to cook the fans and duck blood together.

  Unexpectedly, the soup was overflowing with fragrance, attracting countless passersby to stop.

The rich man heard about it and recruited him to cook for the rich man and his aunt.

Later generations got this cuisine.

  The authentic duck blood vermicelli soup is made from smooth vermicelli, fresh duck blood and thick old duck soup. When eating, it can also be paired with duck liver and duck intestines.

Peng Jing, director of the Nutrition Department of Yangzhou University’s School of Tourism and Cooking, introduced that the content of protein and protein in duck blood vermicelli soup is rich, but the trace content is very low.

If eaten with vegetables or fruits, nutrition will be more balanced.

What’s more worth mentioning is that duck blood fan soup also has the benefit of weight control.

Because the fans are in the production, the starch is converted into modified starch, which lowers the glycemic index.

Not only good for people with high blood sugar, but also help people lose weight.

  Peng Jing reminds readers that fans have a slow digestion rate, poor digestive function, and weaker stomachs, such as the elderly, people with stomach ulcers or duodenal ulcers should be moderate.

In addition, in order to avoid suffering from excessive hypertension, duck liver and duck intestines should be added less, especially the “three high” people.

Exfoliate properly to make skin completely white and smooth_1

Exfoliate properly to make skin completely white and smooth

The normal and healthy stratum corneum is separated and tidy, and it will be replaced naturally by metabolism every time, which can keep the skin hydrated and shiny well.

As you age, the natural exfoliation process slows down, and as a result, too much keratin forms a rough, dry epidermis.

If you do not exfoliate your skin in time, it will result in thick horny skin, skin care products will not absorb it, and it will easily cause acne. The skin will not be able to maintain a good state of renewal. Even if you use a lot of moisturizing products, your skin will become unresponsiveHow can it not slip completely white.


hzh {display: none; }  正确去角质12个QA  Q:先卸妆再去角质,还是先去角质再卸妆?  A: The correct step is to remove makeup before exfoliating.

If you exfoliate and then remove makeup and cleanse, the exfoliating products will be rubbed together with the facial makeup, which will easily stimulate the skin, make the skin red and itchy.

So it ‘s better to remove makeup, wash your face, and then exfoliate.

  Question: I heard that many people use salt to exfoliate. Is it really economical and easy to use?

  A: Exfoliating with salt is indeed economical and easy to use, because the granular nature of salt can play a role in exfoliating.

Add some pressing oil such as jojoba oil to the salt bar, so that the outer layer of the salt bar is covered with oil. This will not only increase the smoothness, but also the salt bar will not be dissolved by water.

In addition, there are roughly two types of salt sold on the market: refined salt and coarse salt. Fine salt is a better choice because coarse salt particles are larger and may cause skin damage after use.

  Q: Can mung bean powder really be used for washing and applying face, and it has exfoliating effect?

  Answer: Mung bean powder itself is hard particles. After grinding and adding a shell, it can indeed exfoliate, and because leguminous plants generally contain saponin, which has the degreasing effect of cleansing agents, it can also be used to wash your face.

Use the commercially available mung beans to grind them into powder and use them, but after grinding the mung beans, use a sieve to sieve off excessive abrasive particles to avoid scratching the skin.

In addition, this type of beans is most famous for soy beans, soy flour can even be used to wash dishes, is one of the few safe DIY.

  Q: Exfoliating is a deep cleansing. Can I omit my face wash and exfoliate directly?

  A: Washing your face is a basic cleaning step and cannot be omitted.

There is no way for pure granular exfoliation to wash the grease and dirt on it, so face washing and exfoliation are two different things. Basic cleaning is required every day, and deep cleaning can be done regularly.

The correct step is to wash your face before exfoliating.

However, it should be noted that the rubbing action is already done when washing the face, and it should be gentle when exfoliating, not too hard.

  Question: Hereditary arms and legs feel thick and thick. How do I exfoliate?

  A: Hereditary skin will have thick pores whether or not it has been exfoliated.

However, if you regularly exfoliate, your skin will become more delicate. For example, you can use physical exfoliating products such as scrubs or chemical exfoliating products such as fruit acid and salicylic acid.

It must be effective for a long time, otherwise the pores will still become thicker.

  Q: I don’t need to exfoliate after using fruit acid products. Is it true?

  A: There is nothing wrong with this statement.

Fruit acid is a chemical exfoliating ingredient. The use of fruit acid products has been an exfoliating action. If a physical scrub product is used again, the skin may become sensitive due to excessive exfoliation.

For these two exfoliating products, it is recommended to use them at intervals, as this will protect the skin.

  Q: Does rough skin need exfoliation?

  A: There are two reasons why the skin is rough to the touch: one is that if the skin itself is relatively dry, it feels rough to the touch; the other is for people with oily keratinous skin and acne skin.The skin feels rough.

Before exfoliating, understand that you are an inherent skin type.

If it is dry or sensitive skin, the skin itself is very dry, and then exfoliating to make the skin exfoliate more.

For oily keratinous skin, exfoliation is more necessary.

For acne-prone skin, making some simple keratin can metabolize acne on the surface of the skin, but there is no way to deeply remove or eradicate acne. You can only use acne-conditioning products to improve the rough skin.

  Q: Will the granular exfoliating scrubs have enlarged pores?

  A: This phenomenon is not easy to occur.

However, scrub products are not suitable for inflammatory acne skin and sensitive skin, because if the scrub breaks the acne, it will leave scars more easily. Sensitive skin will become more sensitive due to rubbing by particulate matter.Generally, granular exfoliating products should be used with care. Pay attention to the rubbing force. If you apply too much force, it will cause tiny scars on the skin, and it will easily cause allergies due to abrasion.

In addition, the size of the product particles is also related to the health of the skin. The size of the particles, the stronger the exfoliating effect, the easier the skin will be damaged.

Also, do not use body scrubs on both ends as this will make your face too irritating.

  Question: The exfoliating products are watery, gelatinous, powdery, granular, so the effect is good?

  A: It depends on your skin type.

There are two types of exfoliating products: chemical and physical. Water-based products are usually chemical, gels and granular products are physical, while powdery ones depend on ingredients. For example, papaya enzymes are chemical products.Adding kaolin is a physical product.

Generally oily or thick cuticle skin is more suitable for granular products, while medium dry or thin cuticle skin is more suitable for watery or milky products.

  Q: Why do I often exfoliate, or have I always had blackheads?

  A: Because the metabolic cycle of the skin is 28 days, the pores are also part of the skin. The metabolic method is to generate acne, so it is impossible to completely remove blackheads by exfoliating.

But the exfoliation does remove the acne exposed outside the pores, leaving the skin surface relatively clean for a while.

After the impact, the acne on the inner layer will continue to grow and metabolize, and the problem of blackheads will still occur after exposure to air.

  Q: The skin is rough after sun exposure. Do I need to exfoliate?

  A: Never.

Many people find that their skin becomes rougher and rougher after being exposed to sunlight. This is because the cells of the epidermis die due to UV rays.

At this time, if you exfoliate and rub the fruit acid lotion, your skin will be too irritated.

It is recommended to strengthen the moisturizing, calming work, apply moisturizing mask, aloe vera, etc. are all good choices.

  Q: Do I exfoliate and then use Mya Nose Stickers to make the effect of acne removal more obvious?

  A: After exfoliating and using acne to remove acne, be careful to turn into a red garlic nose!

Because using the wonderful nose patch itself has an interesting keratin effect. If you exfoliate the skin the same day, the skin will be irritated, and it is prone to peeling, itching, and redness.