is swing trading profitable Before that, what is the nature of the enterprise itself is an issue that has been ignored by traditional microeconomic theory. In the traditional microeconomic theory, is the manufacturer's production process as a "black box", namely enterprise is abstracted into a from input to output a "black box" of the pursuit of profit maximization. The "property right of the new system" is the premise. The category of surplus value clearly reflects the antagonism between capital and labor, because it is the multiplication of variable capital and is possessed by the capitalist without compensation; And the category of profit, it seems, means that capital itself can create a new value. This reversal is the inevitable product of capitalist mode of production. First, because the constant capital + variable capital (c+v) consumed by the capitalist production is converted into cost price, thus concealing the essential difference between the invariant capital (c) and the variable capital (v); Second, because Labour costs into wages, show the labor remuneration, so surplus value into profit, has nothing to do with laborer labor, virtually the only product of the total capital; Finally, the surplus value into profit, on the premise of rate of surplus value into profit margins, namely by means of profit margins, only costs more than the forehead has translate into profits, further into the upfront costs in a certain cycle period more than the balance of its own price. In real life, industry companies is usually based on the established level of profitability, and then obtained the expected LiRunLiang on profit margins by prepaid cost, but it is not a subjective illusion, but objectively completely possible. The scientific argument and practice shows that this profit is actually the increment of variable cost. In short, profit is an intrinsic or an entity, while the rest is an external phenomenon or form. To avoid huge core technology in the form with the original electronic chemical materials business competition, the company also announced the proposed wholly owned subsidiary of zhejiang KaiSheng fluorine chemical 100% equity and zhejiang borui electronic science and technology of 100% equity as a target for public stock transfer, the listed price is RMB 940 million. And originally borui company and responsible for implementing the 2016 KaiSheng non-public stock high purity electronic gas project (phase 1, 2), and fluoride special gas project will be sold with borui company equity transfer at the same time, the company will the three offering investment project has been used and the rest of the fund-raising (through borui back after the company equity transfer and interest) added $1.09 billion permanent JuHua stock liquidity. This sharp reversal contrasts with the flattening of the previous yield curve. The form of shares is the share certificate. Different types of joint-stock enterprises, the specific form of their share certificates are different. Among them, only the limited company is used to express the company shares the form is the stock. Stock shall be recorded according to the amount of capital represented by the shares and shall be recorded by shareholders' share of capital contribution and shareholder rights for the public subscription and transfer of transactions. Holding a stock means owning a stake in a limited company, acquiring a shareholder's qualification, and exercising shareholder rights. Second, in the first half of this year, the bank's personal demand deposits and currency in circulation fell by more than 3 trillion yuan, and by the second half of this year, domestic bank deposit growth fell below 10%. In response to the year-end big test, the deposit rate has been raised accordingly. Some state-owned Banks have a one-year deposit rate of 1.75%, which is about 16.7% above the benchmark interest rate. Some state-owned Banks perform 1.5 percent of the benchmark interest rate.