Guotai Junan (601211) 2018 Annual Report Comments: Comprehensive Strength Leads Brokerage Business to Keep the Forefront

Guotai Junan (601211) 2018 Annual Report Comments: Comprehensive Strength Leads Brokerage Business to Keep the Forefront

Event description The company released its 2018 annual report and realized total operating income of RMB 227.

1.9 billion, down 4 each year.

56%; net profit attributable to shareholders of the Company is RMB67.

08 million yuan, down 32 every year.

11%; EPS0.

70 yuan / share, expected average ROE5.


The right side of the event comment highlights the advantages, and performance is incorporated into the industry.

The company realized operating income of 227.

190,000 yuan, -4 compared with the same period last year.

56% (industry down 14.

47%); net profit attributable to shareholders of the company.

08 million yuan, -32 compared with the same period last year.

11% (the industry dropped 41.

04%); the margin of change is smaller than the industry, and under the circumstances where the industry’s Matthew effect is prominent, the brokerage on the left has an obvious advantage.

The business structure is balanced, and it is in the forefront of overall stability.

Net profit margin was mainly affected by the market environment. Investment bank, brokerage, and self-employed business income decreased, while the credit impairment loss was accrued.

Brokerage, investment bank, asset management, self-employment, and credit account for 19%, 9%, 7%, 26%, and 26%, respectively. Credit business has become one of the main supports for revenue.

The income from agency trading business was the first, the balance of margin financing and securities lending was the second, the amount of equity underwriting was the third, the average monthly asset management scale was the second, the business structure was balanced, and it was among the top in the industry.

The customer base is strong and the brokerage business continues to lead.

Number of institutional customers 3.

50,000 households, an increase of 20.

06%, 12.7 million personal financial accounts, an increase of 14.

07%, market share of brokerage business 6.

14% (up 0.


The company is the first batch of public fund funds participants, with a scale of USD 934.1 billion in custody expansion business, which is the second largest in the industry.

The investment proposal estimates that the company’s EPS for 2019-2020 will be 0.

95\1.12\1.28. Net assets are 15.

50\15.18\15.61 corresponds to the company’s closing price of 19 on March 20.

70 yuan, PB for 2019-2020 is 1 respectively.

27\1.20\1.26. The market environment has improved. Leading securities companies continue to maintain their advantageous scale and give a “Buy” rating. There is a risk that the secondary market has severely 杭州桑拿网 declined; capital market reforms have fallen short of expectations.

China Torch High-tech (600872): Institutional transformation finally settles and is ready to launch a grand plan

China Torch High-tech (600872): Institutional transformation finally settles and is ready to launch a grand plan

Event: The company released its 2018 annual report.

18 years to achieve revenue 41.

700 million (+15.

4%), net profit attributable to mother 6.

100 million (+34.

0%), 杭州桑拿 deducting non-net profit 5.

700 million (+37.


4Q18 achieved revenue of 100,000 yuan (+13.

8%), net profit attributable to mother 1.

200 million (+23.

4%), deducting non-net profit 1.

2 billion (+19.


  Key points for investment: Seasoning Q4 is accumulating and the real estate business is stable.

By business: 18 years of condiment revenue 38.

1.7 billion (+10.

6%), combined with reports and grassroots research, 18Q4 delicious fresh growth rate of 9% -10%, the growth rate gradually due to the company’s accumulation of power for 19 years; soy sauce income 25.

900 million (+9.

1%), sales of 40.

2 positive (+7.

8%), ASP increased by 1.

2%. At present, the company’s main condiment revenue is still concentrated in high fresh soy sauce. In the future, the company will continue to expand and strengthen the soy sauce category and launch new consumer 都市夜网 upgrade products. At the same time, it will continue to expand oyster sauce, cooking wine, vinegar and other categories.It is expected to increase production capacity by 10%, which will help sales growth and increase production efficiency.

Real estate and services revenue 1.

2.7 billion (+155.

6%), the subsidiary Zhonghui Hechuang recognized sales revenue of 87.73 million yuan during the year, single Q4 confirmed revenue of 41.93 million yuan, converted net profit of 30.39 million yuan, the first half of 2019, the first phase of buildings 3-5, about 1.

8 National residential buildings will be opened to increase company performance.

  The system gradually came to an end.

The company announced on March 21 that the actual controller was changed. The actual controller was changed from the Management Committee of Zhongshan Torch High-tech Industrial Development Zone to Yao Zhenhua.

According to the current shareholding ratio, Zhongshan Runtian Investment Co., Ltd., a wholly-owned grandson of Shenzhen Yongshenghua Co., Ltd. under the Baoneng Group, takes 24.

92% of the shares became the largest shareholder of Zhongju Hi-tech. Zhongshan Torch Group Co., Ltd., a traditional wholly-owned enterprise owned by the Zhongshan Torch Development Zone Management Committee, holds 10 shares.

72% became the second largest shareholder.

From holding the card in 2014, to gaining 4 seats in the Board of Directors’ re-election in November 2018, and then changing to the actual controller in March 2019, after many years of system transformation, the boots finally landed, and the company officially realized the loosening of the state-owned enterprise system, thereby improving overall operating efficiency.
  Ready to launch an ambitious plan.

We believe that 19 years is the year of the integrated start. 1) The channels continue to expand. At the end of 2018, the number of dealers was 864, and it is expected that by the end of 2019, it will reach 1,000 (longer +15).

7%); the sales area has covered nearly 80% of prefecture-level cities; 2) the categories are further enriched, and the capacity of edible oil, oyster sauce, sauces, vinegar and other products continues to expand;The market development strategy of “steadily developing the southeast coast, focusing on upgrading the central and northern regions, accelerating the expansion of the southwest region, and gradually advancing the northwest market”; 4) In 19 years, the minority shareholders’ rights and interests have been repositioned, and the increase in profits is estimated to be 10% of the net profit of the mother.

The company released a five-year plan, that is, from 2019 to 2023, in accordance with the three-step development strategy, focusing on endogenous development, expanding the main condiment business, supplementing outreach development, carrying out mergers and acquisitions, both internally and externally.Achieve the double-hundred-year goal of an annual operating income of over 10 billion for the health food industry and an annual output of over 1 million tons.

We estimate that soy sauce accounts for more than 50% of the 10 billion target, chicken powder, oyster sauce, edible oil, etc. will reach over 1 billion, and some small categories will exceed 500 million.According to the five-year double-hundred target calculation, the company’s production and sales compound growth rate is about 13%, and the compound revenue growth rate is about 19% in 2019-2023.

  Profit forecast and investment grade: It is estimated that the company’s revenue in 19-21 will be 49/58/67 billion, + 17/18/16% for the whole year; the net profit attributable to the mother will be 7.



700 million, previously + 25/27/21%, PE was 38/30 / 25X respectively, maintaining “Buy” rating.

  Risk warning: capacity expansion, channel expansion is not up to expectations, raw material price fluctuation risk.

Northeast Pharmaceutical (000597) quarterly report comment: API performance changes exceeded expectations

Northeast Pharmaceutical (000597) quarterly report comment: API performance changes exceeded expectations

Event: The company released the first quarter report of 2019: Realized revenue 21.

3.4 billion, an annual increase of 7.

84%; net profit attributable to mother is 0.

5.8 billion, an increase of 10 in ten years.

13%; EPS per share is 0.

10 yuan.

Key points of investment: The decrease in the price of VC APIs affects the growth rate of income.

Company revenue increased by 7.

84%, the highest value, we think this is mainly related to the continuous price of Vc APIs since the beginning of 2018.

The company’s orders are divided into long and short orders. For 武汉夜网论坛 long orders of more than half a year, according to winddata, it was 72 in early 2018.

50 yuan / kg, down to 38 yuan in June 2018 and 33 at the end of December.

5 yuan, as of March 29, 2019, the price of VC is 30 yuan / kg, it can be said that regardless of long orders and short orders with the market, the price will improve in the first quarter of 2019.

In terms of preparations, we believe that Q1 2019 will maintain a steady growth momentum, with core products such as intestinal health, carbopregnancy and levocarnitine continued to maintain rapid growth momentum.

The gross profit margin continued to rise, and the selling expense ratio increased accordingly.

The consolidated gross profit margin for the first quarter of 2019 was 45.

35%, an increase of 4% per year and 4Q.

84 and 3.

97 cases may be related 杭州夜网论坛 to the further expansion of sales of preparations.

In terms of period expense ratio, sales expense ratio, management expense ratio and finance expense ratio were 28 respectively.

41%, 10.

05% and 1.

43%, an increase of 3 each year.

78, 0.

54 and (-0.

54), among which the increase in the sales expense ratio should be caused by the increase in the input of the preparation market, and the management expenses remained stable, indicating that the company controls the office expenses.

The Q1 2019 research expenses were 7.34 million, a 72% increase over the same period of the previous year, reflecting the company’s continued investment in research and development.

Maintain the “Recommended” level.

We maintain our previous forecast and expect the company’s EPS for 2019-2021 to be 0.

19 yuan, 0.

59 yuan and 0.

79 yuan, PE is 70 times and 23 times and 17 times respectively. Considering the rapid growth of the company’s performance in the next three years and the room for improvement, Fangda will maintain the “recommended” rating after reallocating the amortization expenses of equity incentives.

Risks indicate changes in the price of the drug substance; sales expenses increase rapidly; sales promotion fails to meet expectations;

Warm up your stomach first in winter?

These delicious recipes are good for the stomach

Warm up your stomach first in winter?
These delicious recipes are good for the stomach

In all seasons, winter is the coldest, and people are animals that avoid cold and warmth, so they always want to find a trace of warmth in winter.

For many women, the most unwilling season is winter, when their body is weak, their hands and feet will become colder and harder to warm up.

In fact, the simplest food can give everyone warmth, the following editors recommend some warm-up recipes for everyone.

  30g red dates stewed pork ribs, codonopsis, 8 red dates, 500g ribs, ginger, spring onion, salt, monosodium glutamate, pepper powder, cooking wine each amount.

Wash the codonopsis and cut into 3cm knots; wash the red dates and remove the kernels; wash the ribs and chop them into 4cm length segments; wash the ginger and shallots clean, cut the ginger with pine nuts, cut the shallots, cut the ribs, codonopsis, red datesPut ginger, shallots and cooking wine in the stew pot, add an appropriate amount of water, boil on the fire, and simmer over low heat, add salt, monosodium glutamate, and pepper.

Have the ability to warm the stomach and dispel cold, and feel warm after eating.

  Rose warm stomach tea rose 6 grams, Amomum villosum (milled), pepper 6 grains (milled), three medicines into a pot, brewed with boiling water for tea service.

This recipe has the effect of strengthening qi, strengthening stomach and relieving pain, and is suitable for chronic gastritis, gastrointestinal dysfunction accompanied by stomach pain addiction, chest and abdomen bloating and other symptoms.

  Lamb warm stomach porridge 200 grams of fresh lamb (boiled and finely chopped), add 10 grams of astragalus, 100 grams of glutinous rice, 10 jujubes (chopped), 5 grams of galangal, boil, add an appropriate amount after the porridge is cookedSalt, monosodium glutamate, pepper.

This porridge has spleen and stomach, regular clothes can warm Yang and nourish qi and strengthen the stomach, suitable for gastric ulcers, gastritis, chronic gastritis, etc., accompanied by chills and colds in the extremities.

  In fact, if one wants to warm up, the stomach is a key exchange. If the stomach is warmed up, the transformation will be transmitted to the whole body.

Like rose warm stomach tea, mutton warm stomach porridge and red date stewed pork ribs all have the function of warming the stomach. Gentle nourishing the stomach can help everyone to relieve stomach pain and warm up the body, and these foods are nourishing.

Those who are afraid of cold and those with poor stomach can try these recipes.

Physical training is important for badminton skills

Physical training is important for badminton skills

Badminton requires both sufficient endurance and good explosive power.

Professional players usually use barbells, dumbbells, weight squats, skipping ropes, and tennis rackets to exercise the strength of shoulders, elbows, wrists, knees, legs, and other parts during basic strength exercises. These parts have long been engaged in badmintonWhere people are most vulnerable to injuries.

According to the special quality exercises, mainly including footwork and multi-ball practice, in order to increase the amount of exercise, sand clothes and sand belts are often worn when practicing footwork.

  For athletes and athletes, physical exercises can be performed without equipment. For example, to strengthen the shoulders and elbows, push-ups can be used to align the joints. You can use the method of back and forth toe padding.Wrist training can be done by waving a water bottle.

  For amateurs, at least one or two regular hours of physical exercise are set aside for 30 to 40 minutes each.

During the practice, you can selectively practice according to your own weaknesses. For example, if the strength of the forearm and forearm is poor, you can practice wrist strength. You can practice with a forearm swing tennis racket, pull back racket or even a water bottle.

The strength of the arm is poor for shoulder training. The best way to practice shoulder strength is to practice parallel bars and use two-handed bars to lift up.

In addition, pay special attention to the dora ligament during practice.

  Rope skipping, especially double-jumping, is the most suitable body practice method for badminton events. Because skipping rope is a whole body exercise, you can practice both wrist strength and arm swing speed, which can enhance the coordination of the body.

  The one-week physical exercise program listed below is planned for young men at the age of 25 or even two years old.

  First, one or two long runs, 3000 meters to 5000 meters, time control within 20 to 30 minutes; second, one to two footwork exercises every 10 to 15 minutes; third, one or two rope skipping, single jump every 10It can be completed in three groups of about 5 minutes, each group is 5 minutes, and the double shake is 2 minutes.

Others may increase or decrease the above plan according to their actual situation.

Happy little recipes to combat workplace depression

Happy little recipes to combat workplace depression

Recipe 1, keep a friendly mind, a happy mind can make the nervous system’s excitement level at the best state, promote the secretion of some beneficial hormones, enzymes and plasma choline in the body, regulate blood flow, nerve cell excitement toOptimal state, improve the body’s ability to control disease.

In the spring-prone season, in addition to adjusting and maintaining good living habits, you may wish to write a “happy prescription.”

Get up in the morning and remember to say loudly in the mirror before going out: “I am beautiful, I am the best!

“Don’t forget to smile in the warm and excess sunlight when you go out.

  Remedy 2: Actively participate in sports. Participate in activities that are within your ability every day, such as brisk walking, jogging, walking, kicking, gymnastics, etc. Persist for 1-2 hours to resolve the haze.

If possible, I suggest you try surfing, and the experience of falling from the surfboard may be far more than the experience of standing the surfboard sliding smoothly along the waves to the land.

However, regardless of success or failure, as long as the surfboard is wasted into the sea water, all the troubles are lost, and this happiness often lasts for several days.proud.

  Recipe 3, happy food fights depression Sometimes, eating is also a joy!

Eat some “happy food” to make you happy.

Deepwater fish: Studies have shown that people living by the sea around the world are happier and healthier.

Because the sea is always refreshing, the main thing is that they often eat deep-sea fish.

A fatty acid in fish oil has antidepressant effects, can interrupt the neural replacement pathway, increase the secretion of serotonin, and alleviate psychological anxiety.

  Bananas: Bananas contain a substance called alkaloids that can boost your spirit and confidence.

And bananas are a super source of tryptophan and vitamin B6, which can help the brain make serotonin and reduce depression.

  Grapefruit: Not only does grapefruit have a strong fragrance, it can also purify complex thoughts and refreshing.

Even the high vitamin C content in grapefruit can maintain the concentration of red blood cells, make the body resistant, and also resist stress.

  Spinach: In addition to containing a lot of iron, spinach does need folic acid for human body.

If the body lacks folic acid, it can cause mental illness, including depression and dementia.

Studies have also found that people who cannot eliminate enough folate have difficulty falling asleep at all and are also prone to symptoms such as forgetfulness and worry.

  Cherries: There is a substance called anthocyanins in cherries that can reduce inflammation. Eating 20 cherries is more effective than aspirin.

Another report pointed out that people who have faced computer work for a long time will have headaches, muscle aches and other problems, and they can also improve their condition by eating cherries.

  Pumpkin: Pumpkins can create a good mood because they are vitamin B6 and iron. These two nutrients can help the blood sugar stored in the body to turn into glucose, which is the only fuel in the brain.

  Whole wheat bread: Eat complex carbohydrate foods, such as whole wheat bread, soda crackers, which contain trace minerals such as selenium to improve mood, and its effects are similar to antidepressants.

  Remedy 4, cautious use of sedative drugs is because insomnia is the culprit of depression, so many people take various sedative drugs in order to cure insomnia.

It is understood that more than 80% of insomniacs have too many drugs, most of which rely on sedative drugs.

However, insomnia is caused by five major factors such as psychology, disease, drugs, environment, and physical fitness. It can only be counterproductive to rely on sedative drugs.

Therefore, experts suggest that insomniacs should go to the hospital’s insomnia specialist clinic for targeted treatment by a doctor with professional knowledge, and never abuse sedative drugs.

  Recipe 5: Happy Notepad Even if you do n’t have the habit of keeping a diary every day, it does n’t matter. Just prepare a small book (preferably a cartoon), write down the happy mood of each day and the characters and places that make you happy. UnhappyTake the time to look at it, and keep the good times in your life. Don’t leave the unpleasant emotions to tomorrow.

  Recipe 6: After enjoying the hard work of music, use short breaks, reward yourself with your favorite music, and indulge in beautiful music melody. Even if it is only ten minutes, it can help you reduce fatigue., Bring you incredible wonderful feelings.

  Recipe 7. Do n’t make yourself a “Moonlight clan” when buying bright clothes, but you can dress yourself up with bright colors in bright spring, especially when you are unhappy, choose bright colors to change your clothes.mood.

Identify the lottery of cosmetics

Identify the lottery of cosmetics

The lot number of cosmetics is just like our ID card. We must recognize their identity so as not to let ourselves buy fake goods and spend unjust money.

Because now many women are slowly choosing to buy things from overseas or trustees, especially online shopping, we always have a doubtful mentality, for fear of fakes, now we will learn how to understand the identity of cosmeticsIdentification, let us shop clearly, rest assured that skin care.

  In fact, shopping is very simple. As long as we can clearly identify the authenticity and choose the right method, no cosmetics will escape our eyes.

  L’Oreal: For example: FB263 represents production on the 263th day of 2005.

F is the place of origin (France), the second letter is the year, A is 2004, B is 2005, and C is 2006, but there is no Z because Z and 2 are easy to mix.

  Biotherm: The batch number is usually the first C + 1 letter + 3 digits.

For example: CB234 represents the 234th day of production in 2005.

C: Place of origin (France), B: Year of production, representing 2005.

A-2004, B-2005, C-2006, D-2007, and so on, but without Z, Y directly pushed to A.

  Estee Lauder: The lot number is divided into three digits, for example: B34, the last digit “4” represents 2004, “3” represents March, and “B” represents the place of origin.

Among them, the second month representation is 10, 11, and 12 months, which are A, B, and C.

Estee Lauder is produced in the United Kingdom (B), the United States (A), Italy (I, generally lipstick, eye shadow), Canada (C, generally mascara).

  Clinique: The lot number is generally three digits, for example: K61, the letter represents the place of origin, the third digit represents the year, the second digit represents the month, and K61 indicates that it was produced in June 2001.

The month is expressed as: 1?
9, A, B, C for 12 months.

AC2 indicates production in December 2002.

AB3 indicates production in November 2003, and A34 indicates production in March 2004.

  Clarins: The batch number is a series of numbers, for example: 303129, the first number is the year, 3 is 2003, the second two are the months, 03 is March, and the following numbers are the container numbers entered.

  Lancome: For example: CB159.

The first C is the place of origin (France), the second B is 2005, and so on. A is 2004, C is 2006, D is 2007, and 159 is the number of production days.

  Dior: Lot numbers are usually four digits.

The first digit indicates the year, such as 4D01 for 2004 production, and 5D01 for 2005 production.

The second code indicates the month, A, B, C?
M means 1, 2, 3?
December (where the English letter “I” is similar to the Arabic numeral “1” and is easy to replace, so it is skipped), such as 3L01 means production in November 2003.


Arden: The batch number is generally three digits, the first digit indicates the year, and the last digit indicates the month (month is 1?
9, A, B, C represent 1?
September, October, November, and December) If 2D9, it means September 2002.

3DA, which means October 2003.

  THE BODY SHOP: The batch number is five digits, the first digit is the year (A represents 2005, B is 2006, and the second to fourth digits are the number of production days in the year (1?
366), the fifth place represents the place of production.

For example: A190A, the first batch of production in July 2005.

  Chanel: Its batch number has four digits, only the first two are related to the date of manufacture.

For example: 18xx means October 2001, 19xx means November 2001, and 20xx means December 2001.

The shelf life of CHANEL, whether it is a skincare product or a makeup product, is three years.

Diet therapy: how pregnant women cope with hypotension

Diet therapy: how pregnant women cope with hypotension

Normal adult blood pressure should be 90-140 mmHg (12-18).

7kPa), diastolic blood pressure between 60-90mmHg (8-12kPa), above this range may be hypertension or borderline hypertension, below this range may be hypotension.

  Pregnant mothers who are accustomed to sleeping on their back should be careful of “hypotension in the supine position”, which is a series of symptoms that cause a rapid drop in blood pressure in a particular supine position, and can even cause shock.

The clinical symptoms of pregnant mothers with mild symptoms quickly disappear, and the severe symptoms can continue until the body position is changed.

  If your blood pressure is really low, in addition to changing your sleeping position, you can adjust it through diet: 1.

Increase dietary nutrition, eat more foods that warm the spleen and kidney; eat more digestible protein foods, such as chicken, eggs, fish, cheese, milk, etc., eat less and eat more.


Eat less melon, watermelon, celery, hawthorn, bitter gourd, mung bean, garlic, kelp, onion, sunflower seeds and other foods that have a hypotensive effect.


Lotus seeds, longan, jujube, mulberry and other fruits have the power of nourishing the heart and nourishing blood, strengthening the spleen and brain, and can be eaten often.


Choose an appropriate high sodium, high cholesterol diet.

Sodium chloride (ready-to-eat salt) requires 12-15 grams daily.

Cholesterol-rich foods such as brain, liver, eggs, cream, fish eggs, and pork bones are eaten in moderation to increase blood pressure.

  If you have symptoms of low blood pressure before pregnancy, then you need to be aware that such low blood pressure may become severe after pregnancy, adversely affect pregnant women and abdominal obesity, mild syncope, etc.

It is recommended that you go to the local maternity hospital.

How to eat long fat tips to gain weight

How to eat long fat tips to gain weight

While many beautiful women are worried about how to lose weight, some people who are thinner are also studying how to gain weight.

Relative to weight loss, the time required for fattening is complementary, and diet is an undeniable step.

So, how can a thin person eat to gain weight?

. How to eat fat to know how to eat to gain weight 1, to ensure that enough changes for thin people to gain weight, the most fundamental point is to ensure that the transfer of “into greater than out.”

Because of the large demand and the strong metabolism, young people must first ensure the surplus supply.

For a man weighing 60 kg, about 2,400 kcal is needed daily, and for the purpose of weight gain, the conversion supply should be at least 50 kcal per kilogram per day.

Then a man weighing 60 kilograms must have at least 3,000 kcal per day to gain weight.

  Since the amount of traces absorbed by the body mainly comes from staple foods (such as rice, noodles) and trace amounts of protein, you should first eat three meals.

Eat more potatoes, thin people want to eat more, you must enrich the source of glucose, potato is a good choice.

For example, when cooking vegetables, put some potatoes, and through the addition of implanted additives, the replacement nutrition is also more abundant.

Remember, fattening can not be achieved by eating fat, sugar and other high-energy foods, not only easy to digest, but even fat is puffy, very unhealthy.

  2, to multi-channel intake of protein preferred some small amount of meat, such as lean beef, chicken, fish, etc. Second, eggs are a good choice, chicken protein a lot of protein and a small amount, after fitness 2?
3 An egg, a bag of milk, plus a daily diet, enough protein to add.

  3, meaningful additions in addition to normal three meals a day, thin people are best to add a meal between meals, you can make more to eat, to avoid the pressure on the body.

Mixed cereals, bread, yogurt and some raisins and jujubes are good choices for meals.

But be sure to pay attention to the amount of food, do not add too much, so as not to affect the next meal.

  4, eat less and eat a lot of friends who want to gain weight, desperately eat, the effect is not obvious, but often make the stomach uncomfortable, stomach bloating, stomach diarrhea, etc., I suggest that you do not eat too much, orUsually the amount, but if we have the conditions, we can eat a few more meals, in addition to breakfast, lunch, dinner, you can also add afternoon snacks, and one hour before going to bed.

  5, conditioning spleen and stomach function weight loss spleen and stomach function is mostly bad, not loss of appetite, is the function of digestion and absorption, so eat more things and the body is not long meat.

Therefore, people who want to gain weight must first replenish their spleen and stomach.

While thin people are gaining weight, we also need to do more physical exercise. First, we can start from exercising calves, typical jogging, cycling, etc. It is also very simple to exercise the abdomen. You can sit up and sit up. Don’t think thatOnly obese people can exercise muscles.