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2023-06-30

U you

Buffett increased his position in Occidental Petroleum again! The shareholding ratio rises to 25%, what is the logic of buying under $60?

2022-07-13

Haha

Sorry, the original content has been removed

2022-05-27

Good

Interpretation of financial report | The stock price rose sharply after the financial report, maybe Ali himself did not expect it

2022-05-24

Oh, no

Market Overview | The selling wave is coming! Many star stocks plummeted, Snap plummeted 28%

Go to Tiger App to see more news

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you&nbsp;","listText":"U you&nbsp;","text":"U you","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/192809760370696","repostId":"1124255353","repostType":4,"repost":{"id":"1124255353","kind":"news","weMediaInfo":{"introduction":"格隆汇旗下公众号。分享和探讨港股、美国中概股以及少量估值确有吸引力之A股的投资线索、投资机会与投资心得.","home_visible":1,"media_name":"格隆汇投资学苑","id":"3","head_image":"https://static.tigerbbs.com/5d7d04eb4f16b0013ed2c39f71b84b6c"},"pubTimestamp":1688097130,"share":"https://ttm.financial/m/news/1124255353?lang=en_US&edition=fundamental","pubTime":"2023-06-30 11:52","market":"fut","language":"zh","title":"Buffett increased his position in Occidental Petroleum again! The shareholding ratio rises to 25%, what is the logic of buying under $60?","url":"https://stock-news.laohu8.com/highlight/detail?id=1124255353","media":"格隆汇投资学苑","summary":"不到一个月又再增持当地时间周三，“股神”巴菲特旗下的伯克希尔哈撒韦公司表示，已收购西方石油公司更多股份，对其的持有股份提高至25%以上。截至目前，伯克希尔哈撒韦公司持有西方石油公司2.241亿股股票，根据周三收盘价计算，该持仓价值约129亿美元，持股比例为25.1%。随后二季度，巴菲特将西方石油全部清仓，若以西方石油当季度股价平均值14.7美元，亏损约5.5亿美元。","content":"<p><html><head></head><body>Less than a month later, it increased its holdings again. On Wednesday local time, Berkshire Hathaway, a subsidiary of \"stock god\" Buffett, said it had acquired more shares of Occidental Petroleum and increased its stake in it to more than 25%.</p><p>Affected by this, Occidental Petroleum closed up 1.84% at $58.52 per share.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/470487d76d9e2b5856ba19affc496223\" tg-width=\"560\" tg-height=\"240\"/></p><p><strong>Preferred shares reduced to $9.2 billion</strong></p><p>A document from the regulatory agency shows that,<strong>Between June 26 and 28, Berkshire paid approximately $122.1 million to buy 2.14 million Occidental Petroleum shares, with an average purchase price of approximately $57.05 per share.<br/></strong></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/39e9f1f15655edac7cf7d109b9a3e9e6\" tg-width=\"959\" tg-height=\"714\"/></p><p>The last time Buffett bought Occidental Petroleum was on May 30 this year, when Berkshire also bought about 4.66 million shares of Occidental Company. This also means that Buffett chose to increase his holdings in less than a month.</p><p>As of now, Berkshire Hathaway holds 224.1 million shares of Occidental Petroleum, a position worth about $12.9 billion based on Wednesday's closing price, or a 25.1% stake. If you add the 83.86 million unexercised common stock warrants, Berkshire's shareholding ratio will be as high as 32.4%.</p><p><strong>The filing also shows that Occidental recently redeemed about $160 million of Berkshire's 8% Dividend preferred shares holdings, paying a 10% premium for it. Following the latest redemption, Berkshire now holds about $9.2 billion in Occidental preferred shares.</strong></p><p><strong>Buy under $60</strong></p><p><p style=\"text-align: left;\"><strong>Looking back on Buffett's history with Occidental Petroleum,</strong>In April 2019, with the support of Buffett's $10 billion funding, Occidental Petroleum successfully acquired Anadarko for $38 billion.</p><p><strong>Buffett also received $10 billion in Occidental Petroleum preferred shares, with a Dividend rate of 8%, and attached warrants for common stock, allowing him to buy 83.86 million shares at a price of $59.62.</strong></p><p>In the second half of 2019, the stock price of Occidental Petroleum fell sharply, and Buffett took the opportunity to increase his position. Buffett bought a total of 18.93 million shares of Occidental Petroleum from the secondary market (excluding preferred shares of US $10 billion), and the purchase cost was about 43.8 US dollars, costing about 830 million US dollars in total.</p><p>However, in the first quarter of 2020, when the new crown broke out, crude oil prices plummeted, and even negative oil prices occurred. Occidental Petroleum's stock price also followed suit, falling to US $8.38 per share at one point.</p><p>In the second quarter, Buffett liquidated all Occidental Petroleum's positions. If Occidental Petroleum's average stock price in the quarter was US $14.7, the loss would be approximately US $550 million.</p><p>Last year, the conflict between Russia and Ukraine broke out, triggering an imbalance between oil supply and demand, and international oil prices rose sharply. Brent crude oil futures once hit US $133.12/barrel, and WTI crude oil futures once hit US $130.5/barrel.</p><p>Occidental Petroleum's stock price also began to rise, hitting a high of $76.36 per share in August last year, and Buffett began to gradually buy Occidental Petroleum. Meanwhile, in August last year, Berkshire received regulatory approval to buy up to 50% of Occidental Petroleum shares.</p><p>However, at this year's shareholder meeting, Buffett said: \"We won't make any offer to control Occidental Petroleum, but we like the shares we own and are satisfied with our current shareholding. We may or may not buy more Occidental Petroleum shares in the future. We have a large number of warrants for Occidental Petroleum shares obtained in the original transaction, about $59 per share, and the warrants last for a long time. I am glad we have these.\"</p><p>At the same time, Buffett also said that he very much likes Occidental Petroleum's resources and industry status in the Permian Basin, likes the company's management very much, and is familiar with them.</p><p>Since the beginning of this year, central banks around the world have continued to conduct rate hike, and economic recession expectations have affected oil prices. Despite OPEC's announcement of production cuts, oil prices are still falling all the way, and Goldman Sachs, a major Wall Street bank, has also lowered its future oil price forecast three times. The latest WTI August crude oil futures were at $69.86/barrel, and Brent August crude oil futures were at $74.34/barrel.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dcf6eb4e3d60ea1e8767212de2602e8e\" tg-width=\"760\" tg-height=\"141\"/></p><p>Occidental Petroleum's share price began to fluctuate lower, falling 6.54% so far this year, which is generally consistent with the performance of the S&P 500 Energy Index.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fdf60386b663021f26ee4a067e0468ba\" tg-width=\"1832\" tg-height=\"867\"/></p><p>To sum up,<strong>For most of the past year, when the stock price of Occidental Petroleum fell below $60, Buffett would choose to buy, and the exercise price of the warrants held by Buffett did not exceed $60. This may be Buffett An anchor price for buying Occidental Petroleum.</strong></p><p></body></html></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Buffett increased his position in Occidental Petroleum again! The shareholding ratio rises to 25%, what is the logic of buying under $60?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBuffett increased his position in Occidental Petroleum again! The shareholding ratio rises to 25%, what is the logic of buying under $60?\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/3\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/5d7d04eb4f16b0013ed2c39f71b84b6c);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">格隆汇投资学苑 </p>\n<p class=\"h-time smaller\">2023-06-30 11:52</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Less than a month later, it increased its holdings again. On Wednesday local time, Berkshire Hathaway, a subsidiary of \"stock god\" Buffett, said it had acquired more shares of Occidental Petroleum and increased its stake in it to more than 25%.</p><p>Affected by this, Occidental Petroleum closed up 1.84% at $58.52 per share.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/470487d76d9e2b5856ba19affc496223\" tg-width=\"560\" tg-height=\"240\"/></p><p><strong>Preferred shares reduced to $9.2 billion</strong></p><p>A document from the regulatory agency shows that,<strong>Between June 26 and 28, Berkshire paid approximately $122.1 million to buy 2.14 million Occidental Petroleum shares, with an average purchase price of approximately $57.05 per share.<br/></strong></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/39e9f1f15655edac7cf7d109b9a3e9e6\" tg-width=\"959\" tg-height=\"714\"/></p><p>The last time Buffett bought Occidental Petroleum was on May 30 this year, when Berkshire also bought about 4.66 million shares of Occidental Company. This also means that Buffett chose to increase his holdings in less than a month.</p><p>As of now, Berkshire Hathaway holds 224.1 million shares of Occidental Petroleum, a position worth about $12.9 billion based on Wednesday's closing price, or a 25.1% stake. If you add the 83.86 million unexercised common stock warrants, Berkshire's shareholding ratio will be as high as 32.4%.</p><p><strong>The filing also shows that Occidental recently redeemed about $160 million of Berkshire's 8% Dividend preferred shares holdings, paying a 10% premium for it. Following the latest redemption, Berkshire now holds about $9.2 billion in Occidental preferred shares.</strong></p><p><strong>Buy under $60</strong></p><p><p style=\"text-align: left;\"><strong>Looking back on Buffett's history with Occidental Petroleum,</strong>In April 2019, with the support of Buffett's $10 billion funding, Occidental Petroleum successfully acquired Anadarko for $38 billion.</p><p><strong>Buffett also received $10 billion in Occidental Petroleum preferred shares, with a Dividend rate of 8%, and attached warrants for common stock, allowing him to buy 83.86 million shares at a price of $59.62.</strong></p><p>In the second half of 2019, the stock price of Occidental Petroleum fell sharply, and Buffett took the opportunity to increase his position. Buffett bought a total of 18.93 million shares of Occidental Petroleum from the secondary market (excluding preferred shares of US $10 billion), and the purchase cost was about 43.8 US dollars, costing about 830 million US dollars in total.</p><p>However, in the first quarter of 2020, when the new crown broke out, crude oil prices plummeted, and even negative oil prices occurred. Occidental Petroleum's stock price also followed suit, falling to US $8.38 per share at one point.</p><p>In the second quarter, Buffett liquidated all Occidental Petroleum's positions. If Occidental Petroleum's average stock price in the quarter was US $14.7, the loss would be approximately US $550 million.</p><p>Last year, the conflict between Russia and Ukraine broke out, triggering an imbalance between oil supply and demand, and international oil prices rose sharply. Brent crude oil futures once hit US $133.12/barrel, and WTI crude oil futures once hit US $130.5/barrel.</p><p>Occidental Petroleum's stock price also began to rise, hitting a high of $76.36 per share in August last year, and Buffett began to gradually buy Occidental Petroleum. Meanwhile, in August last year, Berkshire received regulatory approval to buy up to 50% of Occidental Petroleum shares.</p><p>However, at this year's shareholder meeting, Buffett said: \"We won't make any offer to control Occidental Petroleum, but we like the shares we own and are satisfied with our current shareholding. We may or may not buy more Occidental Petroleum shares in the future. We have a large number of warrants for Occidental Petroleum shares obtained in the original transaction, about $59 per share, and the warrants last for a long time. I am glad we have these.\"</p><p>At the same time, Buffett also said that he very much likes Occidental Petroleum's resources and industry status in the Permian Basin, likes the company's management very much, and is familiar with them.</p><p>Since the beginning of this year, central banks around the world have continued to conduct rate hike, and economic recession expectations have affected oil prices. Despite OPEC's announcement of production cuts, oil prices are still falling all the way, and Goldman Sachs, a major Wall Street bank, has also lowered its future oil price forecast three times. The latest WTI August crude oil futures were at $69.86/barrel, and Brent August crude oil futures were at $74.34/barrel.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dcf6eb4e3d60ea1e8767212de2602e8e\" tg-width=\"760\" tg-height=\"141\"/></p><p>Occidental Petroleum's share price began to fluctuate lower, falling 6.54% so far this year, which is generally consistent with the performance of the S&P 500 Energy Index.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fdf60386b663021f26ee4a067e0468ba\" tg-width=\"1832\" tg-height=\"867\"/></p><p>To sum up,<strong>For most of the past year, when the stock price of Occidental Petroleum fell below $60, Buffett would choose to buy, and the exercise price of the warrants held by Buffett did not exceed $60. This may be Buffett An anchor price for buying Occidental Petroleum.</strong></p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/f3ecc14db02762fcb82cdbb76e654301","relate_stocks":{"OXY":"西方石油"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1124255353","content_text":"不到一个月又再增持当地时间周三，“股神”巴菲特旗下的伯克希尔哈撒韦公司表示，已收购西方石油公司更多股份，对其的持有股份提高至25%以上。受此影响，西方石油收涨1.84%，报58.52美元/股。优先股减少至92亿美元监管机构的一份文件显示，6月26日-28日期间，伯克希尔支付了约1.221亿美元购买了214万股西方石油股票，平均买入价格为每股约57.05美元。巴菲特上一次买入西方石油还是在今年5月30日，当时，伯克希尔还购买了约466万股西方公司股票。这也意味着，巴菲特在不到一个月的时间内又选择了增持。截至目前，伯克希尔哈撒韦公司持有西方石油公司2.241亿股股票，根据周三收盘价计算，该持仓价值约129亿美元，持股比例为25.1%。如果再加上还未行权的8386万股的普通股认股权证，伯克希尔的持股比例将高达32.4%。文件还显示，西方石油公司最近赎回了伯克希尔哈撒韦公司持有的约1.6亿美元的股息率为8%的优先股，为此支付了10%的溢价。最新的赎回后，伯克希尔目前持有约92亿美元的西方石油优先股。60美元以下买入回顾巴菲特与西方石油的历程，2019年4月，在巴菲特100亿美元资金的支持下，西方石油成功以380亿美元收购阿纳达科。而巴菲特也获得了100亿美元的西方石油优先股，股息率为8%，并附加了普通股的认股权证，能以59.62美元的价格购买8386万股股票。2019年下半年，西方石油股价大幅下挫，巴菲特趁机加仓，巴菲特从二级市场买入西方石油总股数为1893万股（不包括100亿美元的优先股），买入成本价约43.8美元，共耗资约8.3亿美元。然而，2020年一季度，新冠爆发，原油价格暴跌，甚至出现负油价的情况，西方石油股价也跟随走低，一度跌至8.38美元/股。随后二季度，巴菲特将西方石油全部清仓，若以西方石油当季度股价平均值14.7美元，亏损约5.5亿美元。去年，俄乌冲突爆发，引发石油供需不平衡，国际油价大幅上涨，布伦特原油期货一度触及133.12美元/桶，WTI原油期货一度到达130.5美元/桶。西方石油股价也开始上涨，去年8月触及高点76.36美元/股，巴菲特开始逐步买入西方石油。同时，去年8月，伯克希尔获得监管部门的批准，可以购买最多达50%的西方石油股份。不过，在今年的股东大会上，巴菲特表示：“我们不会提出任何控制西方石油的要约，但我们喜欢所拥有的股票，对现在的持股量很满意。我们将来可能会、也可能不会，买入更多的西方石油股票。我们有在原始交易中获得的大量西方石油股票的认股权证，大约每股59美元，而且认股权证的持续时间很长，我很高兴我们有这些。”同时，巴菲特还表示，非常喜欢西方石油在二叠纪盆地的资源和行业地位，非常喜欢公司的管理层，对他们也很熟悉。今年以来，全球央行持续加息，经济衰退预期影响油价。尽管OPEC宣布减产，但油价仍然在一路下跌，华尔街大行高盛也3次下调未来油价预测值。最新的WTI 8月原油期货报69.86美元/桶，布伦特8月原油期货报74.34美元/桶。西方石油股价开始震荡走低，今年迄今累计下跌6.54%，与标准普尔500指数能源指数的表现大体一致。总结来看，在过去一年的大部分时间里，当西方石油股价跌至60美元以下时，巴菲特就会选择买入，而巴菲特持有的认股权证的行权价格也并未超过60美元，这可能就是巴菲特买入西方石油的一个锚定价格。","news_type":1,"symbols_score_info":{"OXY":1.1}},"isVote":1,"tweetType":1,"viewCount":554,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9078610262,"gmtCreate":1657676497956,"gmtModify":1676536044478,"author":{"id":"3569891093445397","authorId":"3569891093445397","name":"Kiankai","avatar":"https://community-static.tradeup.com/news/1b4103bb022b2adef8e12b33cba4c995","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569891093445397","authorIdStr":"3569891093445397"},"themes":[],"htmlText":"Haha","listText":"Haha","text":"Haha","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9078610262","repostId":"2250394354","repostType":4,"isVote":1,"tweetType":1,"viewCount":536,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9025859033,"gmtCreate":1653661176522,"gmtModify":1676535323008,"author":{"id":"3569891093445397","authorId":"3569891093445397","name":"Kiankai","avatar":"https://community-static.tradeup.com/news/1b4103bb022b2adef8e12b33cba4c995","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569891093445397","authorIdStr":"3569891093445397"},"themes":[],"htmlText":"Good&nbsp;","listText":"Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9025859033","repostId":"2238938866","repostType":4,"repost":{"id":"2238938866","kind":"highlight","pubTimestamp":1653618060,"share":"https://ttm.financial/m/news/2238938866?lang=en_US&edition=fundamental","pubTime":"2022-05-27 10:21","market":"us","language":"zh","title":"Interpretation of financial report | The stock price rose sharply after the financial report, maybe Ali himself did not expect it","url":"https://stock-news.laohu8.com/highlight/detail?id=2238938866","media":"真探AlphaSeeker","summary":"在不确定性弥漫、低预期的市场环境里，一份超预期财报可能带来意料之外的股价提振，尤其是对于一个股价已从高点跌去70%的巨头来说。5月26日，阿里巴巴发布截至2022年3月31日的2022财年四季度(即2","content":"<p><html><head></head><body>In a market environment with pervasive uncertainty and low expectations, an unexpected financial report may bring an unexpected stock price boost, especially for a giant whose stock price has fallen by 70% from its high point.</p><p>May 26th,<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>Release the financial report for the fourth quarter of fiscal year 2022 (i.e. Q1 2022) and the full year ending March 31, 2022. The financial report shows:</p><p><ul><li>Alibaba's total revenue for the quarter reached 204.052 billion yuan (unless specified, the units are all RMB), a year-on-year increase of 9%, exceeding analysts' expectations of 200.664 billion yuan;</p><p></li><li>Adjusted EBITA was 15.811 billion yuan, a year-on-year decrease of 30%, higher than market expectations of 15.3 billion yuan.</p><p></li></ul><img src=\"https://static.tigerbbs.com/7085fd5090a08302dc5d551cb5657b45\" tg-width=\"1070\" tg-height=\"674\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>After the financial report was released, Alibaba's management said in the earnings conference call,<b>Due to the resurgence of the epidemic in the Mainland since March, the domestic business has been significantly affected. Considering the risks and uncertainties brought by the epidemic that are uncontrollable and difficult to predict, no financial guidance for this year will be provided.</b></p><p>In the past, it was difficult for such financial performance and expectations to ignite investors' enthusiasm, but considering the pressure of the general environment and the frequent occurrence of thunderstorms in giant financial reports, Alibaba still brought some surprises to the market. As of the close of trading on May 26, Eastern Time, Alibaba's stock price rose nearly 15%.</p><p><b>The epidemic drags down GMV but users perform well</b></p><p>The China commercial segment is the basic business of Alibaba. In Q4 of fiscal year 22, the growth rate of this business was only 8%, which was lower than the 9% growth rate of total revenue.</p><p>Looking at the performance apart, some of the segmented businesses under China's commercial segment are under pressure on growth, but some of them have a good growth momentum.</p><p>In terms of Taobao and Tmall, its GMV remained stable in January and February, but fell back in March, mainly due to the disruption of supply chain and logistics caused by the impact of the epidemic, as well as reduced demand; Taote's order growth from January to March 2022 has also slowed down due to the epidemic.<b>Ali</b><b>Executive</b><b>In the earnings conference call, it was stated that GMV may drop by more than 10% in April, and as the epidemic situation in Shanghai eases, there will be improvement starting in May.</b></p><p>The growth is Taocaicai, direct sales and other businesses, and Chinese wholesale businesses. Among them, Taocaicai's GMV achieved month-on-month growth from January to March, mainly due to the increase in average order price; Direct sales and other businesses increased by 14% year-on-year, mainly due to<a href=\"https://laohu8.com/S/06808\">Sun Art Retail</a>Driven by the growth of Tmall Supermarket and Hema business; China's wholesale business grew by 30%, mainly due to the increase in value-added service revenue.</p><p>The management also pointed out in the earnings conference call that under the influence of the epidemic, users' consumption habits have changed significantly, the demand for fashion and consumer electronics products has decreased, while the demand for food, fast food and daily necessities has increased significantly, and emerging categories such as fitness and outdoor have grown rapidly.. At the same time, due to the obvious tendency of users to hoard goods, the unit price of Alibaba's \"near-field retail\" has been significantly increased.</p><p><img src=\"https://static.tigerbbs.com/19728b4bc58a5f7b6575904dde863032\" tg-width=\"1080\" tg-height=\"404\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>FY22 Q4 China Business Segment Revenue Source: Alibaba Financial Report</p><p>In terms of users, throughout fiscal year 2022, the performance of the Chinese commercial segment in attracting new users and maintaining user stickiness deserves attention.</p><p>The financial report shows that in the 12 months ended March 31, 2022, China's commercial business had a total of 903 million annual active consumers, with year-on-year and month-on-month net increases of 89 million and 21 million respectively. Alibaba attributes the robustness of user data to the fact that its APP matrix creates personalized and immersive interactive experiences for different consumption scenarios and formats, so as to attract and retain user groups with different backgrounds and shopping behaviors.</p><p>The user data of various segmented businesses also confirms this point. In terms of high-net-worth users, on the Taobao and Tmall platforms in fiscal year 2022, more than 124 million annual active consumers will spend more than 10,000 yuan per capita on Taobao and Tmall; Among the annual active consumers who spent more than 10,000 yuan in the previous fiscal year, 98% continued to be active this fiscal year. In the sinking market, Taote's annual active consumers exceed 300 million. In fiscal year 2022, the proportion of new annual active consumers from underdeveloped regions in the entire Chinese business segment will continue to exceed 70% of the total new number.</p><p>Alibaba's thinking for China's commercial segment mainly focuses on new businesses and consumer/merchant experience: continuous investment in new businesses such as Taocaicai and Taote, especially in the fulfillment network; Since Dai Shan took office this year, she has also adjusted the core strategy of Taobao and Tmall-including integrating Taobao and Tmall, improving the strategic position of Taobao live broadcast and shopping, improving consumer experience and the certainty of business operations.</p><p><b>Local life growth leads but losses remain</b></p><p>In the first three months of 2022, against the background of only single-digit growth in overall revenue, the local lifestyle business including Ele.me, AutoNavi, Fliggy and Taoxianda grew by 29% year-on-year, ahead of all other businesses.</p><p>Among them, the \"home business\" Ele.me has increased its average order amount in the second half of fiscal year 2022 because it focuses on user retention and operational efficiency improvements in key cities; At the same time, the order volume from non-meals (fresh food and medicines) also increased significantly due to the holiday marketing promotion. Benefiting from the increase in user transaction volume and loyalty of AutoNavi, the growth of \"to destination\" AutoNavi and Fliggy businesses is relatively significant.</p><p>In terms of profitability, the adjusted EBITA loss of the local life service segment narrowed this quarter, from 6.633 billion yuan to 5.483 billion yuan, but the loss rate was still as high as 52%, making it the segment with the most serious losses except innovative businesses..</p><p><img src=\"https://static.tigerbbs.com/3661f251e8b9c9605f2634ba225926b3\" tg-width=\"1080\" tg-height=\"276\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Financial performance of Alibaba's segments in Q4 of fiscal year 22, source: Alibaba Financial Report</p><p>In addition, due to the impact of COVID-19 pandemic in March, the orders of Fliggy and Ele.me declined, and the growth rate of AutoNavi's orders also slowed down.</p><p><b>International business is under pressure both inside and outside</b></p><p>In the first three months of 2022, the growth rate of Alibaba's international business segment will be 7%, and it is mainly the international retail business that will slow down the growth rate of this business.</p><p>The financial report shows that the growth rate of this business from January to March was only 4%, and the year-on-year growth rate slowed down on the one hand because Trendyol's revenue was negatively affected by the depreciation of the Turkish lira against the RMB exchange rate; In the European market, AliExpress orders are continuously affected by the revision of EU value-added tax regulations and the impact of the Russia-Ukraine conflict on the supply chain. During the earnings conference call, Alibaba's management also pointed out that the easing of the epidemic in Southeast Asia has allowed offline consumption to recover, and Lazada's business has been impacted in the region.</p><p>The international wholesale commerce business under the international commerce segment grew by 13% year-on-year in the first three months of 2022, which was higher than the overall growth rate of international commerce, mainly due to the increase in revenue from value-added services related to cross-border business, and the increase in the number of paid members from Alibaba.com.</p><p>However, due to the slowdown in China's export growth and the impact of the epidemic on the supply chain, the year-on-year growth rate of international wholesale commercial business has slowed down compared with previous quarters.</p><p><img src=\"https://static.tigerbbs.com/bb8a6c8ba5881508d799524a4794b2a0\" tg-width=\"1080\" tg-height=\"143\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>FY22 Q4 International Business Segment Revenue Source: Alibaba Financial Report</p><p><b>Cloud business growth slows down and achieves first annual profit</b></p><p>The cloud business has not escaped the impact of the pandemic.</p><p>From January to March, the growth rate of cloud business including Alibaba Cloud and DingTalk slowed down. In the three months ending March 31, 2022, the revenue of cloud business after offsetting the impact of cross-segment transactions was 18.971 billion yuan. A year-on-year increase of only 12%, lower than the 20% growth rate in the previous quarter; Excluding the impact of losing a single large customer (i.e. ByteDance's international business), the cloud business grew 15% year-over-year in the quarter after offsetting the impact of cross-segment transactions.</p><p><b>The customers of Alibaba's cloud business come from all walks of life, and whether its growth is strong or not is mainly related to the needs of the customers' industries.</b>For example, from January to March 2022, the growth of cloud business performance was mainly driven by the growth of telecommunications, financial services and retail industries, while the demand from customers in the Internet industry was weak, especially the revenue from customers in Internet vertical industries such as online education and entertainment declined, offsetting this growth.</p><p>Because of economies of scale, the cloud business achieved adjusted EBTIA profitability from January to March; At the same time, in fiscal year 2022, the cloud business also achieved its first annual profit in 13 years. In the previous fiscal year, the adjusted EBITA loss of the business was 2.251 billion yuan, and in fiscal year 2022, it made a profit of 1.146 billion yuan.</p><p><b>Cainiao's entertainment and innovation business revenue declined</b></p><p>The growth rate of Cainiao Network in the first three months of 2022 is 16%, second only to Local Life. The rapid growth of Cainiao mainly comes from the logistics fulfillment solutions and value-added services provided for Chinese retail commercial businesses such as Tmall, Taobao and Taote; In addition, the growth of external revenue is also the driving factor for Cainiao's growth. From January to March 2022, revenue from external merchants will increase by more than 30% year-on-year.</p><p>The big entertainment sector and \"innovation and others\" are the only sectors whose performance has declined in Alibaba.</p><p>According to the financial report, the revenue of \"digital media and entertainment\" in the first three months of 2022 will be 8.005 billion yuan, a year-on-year decrease of 1%. At the same time, due to the control of content and production investment, the adjusted EBITA loss of this business narrowed from 2.698 billion yuan in the same period last year to 1.966 billion yuan.</p><p>The revenue of the \"innovation and others\" business, including Tmall Genie and Dharma Academy, in the quarter was 384 million yuan, a year-on-year decrease of 35%, and the adjusted EBITA loss also expanded from 1.648 billion yuan in the same period last year to 2.452 billion yuan, equivalent to nearly 7 times the revenue.</p><p><img src=\"https://static.tigerbbs.com/b3ef87c59b971d3d17bd78b6c8d207e5\" tg-width=\"1080\" tg-height=\"59\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Q4 entertainment and innovation business revenue in fiscal year 22 Source: Alibaba Financial Report</p><p>At the beginning of 2022, a series of uncertain factors at home and abroad will follow one after another, impacting the performance of domestic Internet giants-the growth rate is generally slowing down and profits are under pressure.</p><p>Alibaba is one of them. In fact, Alibaba's performance has been under pressure since last year due to multiple internal and external factors. In order to cope with successive challenges, Alibaba has been adjusting its internal structure and development strategy. In December last year, Alibaba announced that it would re-divide its business logic according to domestic and foreign logic. Dai Shan and Jiang Fan took over Ali's domestic business and foreign business respectively.</p><p>In the conference call, Ali executives emphasized that the company will continue to reduce costs and increase efficiency in the coming year, including shutting down and transferring businesses with insignificant long-term value; According to the different nature of the business, formulate cost reduction and efficiency improvement goals, such as increasing gross profit of direct business, increasing efficiency of logistics business, and controlling marketing expenses.</p><p>Faced with an uncertain future, Ali can only look for certainty from himself.</p><p></body></html></p>","source":"lsy1630457571390","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Interpretation of financial report | The stock price rose sharply after the financial report, maybe Ali himself did not expect it</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nInterpretation of financial report | The stock price rose sharply after the financial report, maybe Ali himself did not expect it\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">真探AlphaSeeker</strong><span class=\"h-time small\">2022-05-27 10:21</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>In a market environment with pervasive uncertainty and low expectations, an unexpected financial report may bring an unexpected stock price boost, especially for a giant whose stock price has fallen by 70% from its high point.</p><p>May 26th,<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>Release the financial report for the fourth quarter of fiscal year 2022 (i.e. Q1 2022) and the full year ending March 31, 2022. The financial report shows:</p><p><ul><li>Alibaba's total revenue for the quarter reached 204.052 billion yuan (unless specified, the units are all RMB), a year-on-year increase of 9%, exceeding analysts' expectations of 200.664 billion yuan;</p><p></li><li>Adjusted EBITA was 15.811 billion yuan, a year-on-year decrease of 30%, higher than market expectations of 15.3 billion yuan.</p><p></li></ul><img src=\"https://static.tigerbbs.com/7085fd5090a08302dc5d551cb5657b45\" tg-width=\"1070\" tg-height=\"674\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>After the financial report was released, Alibaba's management said in the earnings conference call,<b>Due to the resurgence of the epidemic in the Mainland since March, the domestic business has been significantly affected. Considering the risks and uncertainties brought by the epidemic that are uncontrollable and difficult to predict, no financial guidance for this year will be provided.</b></p><p>In the past, it was difficult for such financial performance and expectations to ignite investors' enthusiasm, but considering the pressure of the general environment and the frequent occurrence of thunderstorms in giant financial reports, Alibaba still brought some surprises to the market. As of the close of trading on May 26, Eastern Time, Alibaba's stock price rose nearly 15%.</p><p><b>The epidemic drags down GMV but users perform well</b></p><p>The China commercial segment is the basic business of Alibaba. In Q4 of fiscal year 22, the growth rate of this business was only 8%, which was lower than the 9% growth rate of total revenue.</p><p>Looking at the performance apart, some of the segmented businesses under China's commercial segment are under pressure on growth, but some of them have a good growth momentum.</p><p>In terms of Taobao and Tmall, its GMV remained stable in January and February, but fell back in March, mainly due to the disruption of supply chain and logistics caused by the impact of the epidemic, as well as reduced demand; Taote's order growth from January to March 2022 has also slowed down due to the epidemic.<b>Ali</b><b>Executive</b><b>In the earnings conference call, it was stated that GMV may drop by more than 10% in April, and as the epidemic situation in Shanghai eases, there will be improvement starting in May.</b></p><p>The growth is Taocaicai, direct sales and other businesses, and Chinese wholesale businesses. Among them, Taocaicai's GMV achieved month-on-month growth from January to March, mainly due to the increase in average order price; Direct sales and other businesses increased by 14% year-on-year, mainly due to<a href=\"https://laohu8.com/S/06808\">Sun Art Retail</a>Driven by the growth of Tmall Supermarket and Hema business; China's wholesale business grew by 30%, mainly due to the increase in value-added service revenue.</p><p>The management also pointed out in the earnings conference call that under the influence of the epidemic, users' consumption habits have changed significantly, the demand for fashion and consumer electronics products has decreased, while the demand for food, fast food and daily necessities has increased significantly, and emerging categories such as fitness and outdoor have grown rapidly.. At the same time, due to the obvious tendency of users to hoard goods, the unit price of Alibaba's \"near-field retail\" has been significantly increased.</p><p><img src=\"https://static.tigerbbs.com/19728b4bc58a5f7b6575904dde863032\" tg-width=\"1080\" tg-height=\"404\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>FY22 Q4 China Business Segment Revenue Source: Alibaba Financial Report</p><p>In terms of users, throughout fiscal year 2022, the performance of the Chinese commercial segment in attracting new users and maintaining user stickiness deserves attention.</p><p>The financial report shows that in the 12 months ended March 31, 2022, China's commercial business had a total of 903 million annual active consumers, with year-on-year and month-on-month net increases of 89 million and 21 million respectively. Alibaba attributes the robustness of user data to the fact that its APP matrix creates personalized and immersive interactive experiences for different consumption scenarios and formats, so as to attract and retain user groups with different backgrounds and shopping behaviors.</p><p>The user data of various segmented businesses also confirms this point. In terms of high-net-worth users, on the Taobao and Tmall platforms in fiscal year 2022, more than 124 million annual active consumers will spend more than 10,000 yuan per capita on Taobao and Tmall; Among the annual active consumers who spent more than 10,000 yuan in the previous fiscal year, 98% continued to be active this fiscal year. In the sinking market, Taote's annual active consumers exceed 300 million. In fiscal year 2022, the proportion of new annual active consumers from underdeveloped regions in the entire Chinese business segment will continue to exceed 70% of the total new number.</p><p>Alibaba's thinking for China's commercial segment mainly focuses on new businesses and consumer/merchant experience: continuous investment in new businesses such as Taocaicai and Taote, especially in the fulfillment network; Since Dai Shan took office this year, she has also adjusted the core strategy of Taobao and Tmall-including integrating Taobao and Tmall, improving the strategic position of Taobao live broadcast and shopping, improving consumer experience and the certainty of business operations.</p><p><b>Local life growth leads but losses remain</b></p><p>In the first three months of 2022, against the background of only single-digit growth in overall revenue, the local lifestyle business including Ele.me, AutoNavi, Fliggy and Taoxianda grew by 29% year-on-year, ahead of all other businesses.</p><p>Among them, the \"home business\" Ele.me has increased its average order amount in the second half of fiscal year 2022 because it focuses on user retention and operational efficiency improvements in key cities; At the same time, the order volume from non-meals (fresh food and medicines) also increased significantly due to the holiday marketing promotion. Benefiting from the increase in user transaction volume and loyalty of AutoNavi, the growth of \"to destination\" AutoNavi and Fliggy businesses is relatively significant.</p><p>In terms of profitability, the adjusted EBITA loss of the local life service segment narrowed this quarter, from 6.633 billion yuan to 5.483 billion yuan, but the loss rate was still as high as 52%, making it the segment with the most serious losses except innovative businesses..</p><p><img src=\"https://static.tigerbbs.com/3661f251e8b9c9605f2634ba225926b3\" tg-width=\"1080\" tg-height=\"276\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Financial performance of Alibaba's segments in Q4 of fiscal year 22, source: Alibaba Financial Report</p><p>In addition, due to the impact of COVID-19 pandemic in March, the orders of Fliggy and Ele.me declined, and the growth rate of AutoNavi's orders also slowed down.</p><p><b>International business is under pressure both inside and outside</b></p><p>In the first three months of 2022, the growth rate of Alibaba's international business segment will be 7%, and it is mainly the international retail business that will slow down the growth rate of this business.</p><p>The financial report shows that the growth rate of this business from January to March was only 4%, and the year-on-year growth rate slowed down on the one hand because Trendyol's revenue was negatively affected by the depreciation of the Turkish lira against the RMB exchange rate; In the European market, AliExpress orders are continuously affected by the revision of EU value-added tax regulations and the impact of the Russia-Ukraine conflict on the supply chain. During the earnings conference call, Alibaba's management also pointed out that the easing of the epidemic in Southeast Asia has allowed offline consumption to recover, and Lazada's business has been impacted in the region.</p><p>The international wholesale commerce business under the international commerce segment grew by 13% year-on-year in the first three months of 2022, which was higher than the overall growth rate of international commerce, mainly due to the increase in revenue from value-added services related to cross-border business, and the increase in the number of paid members from Alibaba.com.</p><p>However, due to the slowdown in China's export growth and the impact of the epidemic on the supply chain, the year-on-year growth rate of international wholesale commercial business has slowed down compared with previous quarters.</p><p><img src=\"https://static.tigerbbs.com/bb8a6c8ba5881508d799524a4794b2a0\" tg-width=\"1080\" tg-height=\"143\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>FY22 Q4 International Business Segment Revenue Source: Alibaba Financial Report</p><p><b>Cloud business growth slows down and achieves first annual profit</b></p><p>The cloud business has not escaped the impact of the pandemic.</p><p>From January to March, the growth rate of cloud business including Alibaba Cloud and DingTalk slowed down. In the three months ending March 31, 2022, the revenue of cloud business after offsetting the impact of cross-segment transactions was 18.971 billion yuan. A year-on-year increase of only 12%, lower than the 20% growth rate in the previous quarter; Excluding the impact of losing a single large customer (i.e. ByteDance's international business), the cloud business grew 15% year-over-year in the quarter after offsetting the impact of cross-segment transactions.</p><p><b>The customers of Alibaba's cloud business come from all walks of life, and whether its growth is strong or not is mainly related to the needs of the customers' industries.</b>For example, from January to March 2022, the growth of cloud business performance was mainly driven by the growth of telecommunications, financial services and retail industries, while the demand from customers in the Internet industry was weak, especially the revenue from customers in Internet vertical industries such as online education and entertainment declined, offsetting this growth.</p><p>Because of economies of scale, the cloud business achieved adjusted EBTIA profitability from January to March; At the same time, in fiscal year 2022, the cloud business also achieved its first annual profit in 13 years. In the previous fiscal year, the adjusted EBITA loss of the business was 2.251 billion yuan, and in fiscal year 2022, it made a profit of 1.146 billion yuan.</p><p><b>Cainiao's entertainment and innovation business revenue declined</b></p><p>The growth rate of Cainiao Network in the first three months of 2022 is 16%, second only to Local Life. The rapid growth of Cainiao mainly comes from the logistics fulfillment solutions and value-added services provided for Chinese retail commercial businesses such as Tmall, Taobao and Taote; In addition, the growth of external revenue is also the driving factor for Cainiao's growth. From January to March 2022, revenue from external merchants will increase by more than 30% year-on-year.</p><p>The big entertainment sector and \"innovation and others\" are the only sectors whose performance has declined in Alibaba.</p><p>According to the financial report, the revenue of \"digital media and entertainment\" in the first three months of 2022 will be 8.005 billion yuan, a year-on-year decrease of 1%. At the same time, due to the control of content and production investment, the adjusted EBITA loss of this business narrowed from 2.698 billion yuan in the same period last year to 1.966 billion yuan.</p><p>The revenue of the \"innovation and others\" business, including Tmall Genie and Dharma Academy, in the quarter was 384 million yuan, a year-on-year decrease of 35%, and the adjusted EBITA loss also expanded from 1.648 billion yuan in the same period last year to 2.452 billion yuan, equivalent to nearly 7 times the revenue.</p><p><img src=\"https://static.tigerbbs.com/b3ef87c59b971d3d17bd78b6c8d207e5\" tg-width=\"1080\" tg-height=\"59\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Q4 entertainment and innovation business revenue in fiscal year 22 Source: Alibaba Financial Report</p><p>At the beginning of 2022, a series of uncertain factors at home and abroad will follow one after another, impacting the performance of domestic Internet giants-the growth rate is generally slowing down and profits are under pressure.</p><p>Alibaba is one of them. In fact, Alibaba's performance has been under pressure since last year due to multiple internal and external factors. In order to cope with successive challenges, Alibaba has been adjusting its internal structure and development strategy. In December last year, Alibaba announced that it would re-divide its business logic according to domestic and foreign logic. Dai Shan and Jiang Fan took over Ali's domestic business and foreign business respectively.</p><p>In the conference call, Ali executives emphasized that the company will continue to reduce costs and increase efficiency in the coming year, including shutting down and transferring businesses with insignificant long-term value; According to the different nature of the business, formulate cost reduction and efficiency improvement goals, such as increasing gross profit of direct business, increasing efficiency of logistics business, and controlling marketing expenses.</p><p>Faced with an uncertain future, Ali can only look for certainty from himself.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://mp.weixin.qq.com/s/LSFb61YZ8vhcog0zp354tw\">真探AlphaSeeker</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/995418fbbbc235e75883dec898dccaa8","relate_stocks":{"BK1591":"就地过年概念","BK4503":"景林资产持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4122":"互联网与直销零售","BK4575":"芯片概念","BK4502":"阿里概念","BK4558":"双十一","BK1521":"挪威政府全球养老基金持仓","BK4505":"高瓴资本持仓","BK1586":"云计算","BK4535":"淡马锡持仓","BK4504":"桥水持仓","BK4538":"云计算","BK4579":"人工智能","BK4548":"巴美列捷福持仓","BK1142":"互联网与直销零售","BK4565":"NFT概念","BABA":"阿里巴巴","BK1588":"回港中概股","09988":"阿里巴巴-W","BK4524":"宅经济概念","BK4554":"元宇宙及AR概念","BK1517":"云办公","BK4581":"高盛持仓","BK1502":"双十一","QNETCN":"纳斯达克中美互联网老虎指数","BK1575":"同股不同权","BK1584":"蚂蚁金服概念","BK4527":"明星科技股","BK1608":"元宇宙概念","BK1501":"阿里概念股","BK4531":"中概回港概念","BK4526":"热门中概股","BK4534":"瑞士信贷持仓"},"source_url":"https://mp.weixin.qq.com/s/LSFb61YZ8vhcog0zp354tw","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2238938866","content_text":"在不确定性弥漫、低预期的市场环境里，一份超预期财报可能带来意料之外的股价提振，尤其是对于一个股价已从高点跌去70%的巨头来说。5月26日，阿里巴巴发布截至2022年3月31日的2022财年四季度(即2022年Q1)及全年财报。财报显示：阿里巴巴该季度总营收达到2040.52亿元(若无说明，单位均为人民币)，同比增长9%，超出分析师预期的2006.64亿元；经调整EBITA为158.11亿元，同比下降30%，高于市场预期的153亿元。财报发布后，阿里巴巴管理层在业绩电话会上表示，因内地3月起疫情重燃，国内业务受到重大影响，考虑到无法控制且难以预测疫情带来的风险和不确定性，不会提供今年财务指引。放在以前，这样的财务表现和预期很难点燃投资者热情，但考虑到大环境压力大、巨头财报暴雷时有发生，阿里巴巴还是让市场收获了一些惊喜。截至美东时间5月26日收盘，阿里巴巴的股价大涨近15%。疫情拖累GMV 但用户表现亮眼中国商业分部是阿里巴巴的业务基本盘，22财年Q4，该业务增速仅8%，低于总营收9%的增速。把业绩拆开看，中国商业分部下的几个细分业务有的增长承压，但有的增长势头较好。淘宝天猫方面，其GMV在1月和2月保持平稳，但在3月有所回落，主要是因为疫情影响导致供应链及物流中断，以及需求减少；淘特在2022年1-3月的订单增长也因为疫情有所放缓。阿里高管在财报电话会中表示，四月份GMV可能会有超过10%的下降，随着上海疫情缓和，5月开始会有改善现象。保持增长的是淘菜菜、直营及其他业务、以及中国批发商业。其中，淘菜菜GMV在1-3月实现环比增长，主要受惠于平均订单价格有所提高；直营及其他业务同比增长14%，主要是受到高鑫零售、天猫超市以及盒马业务的增长所驱动；中国批发商业增长30%，主要来自增值服务收入的提升。管理层在财报电话会中还指出，疫情影响下，用户的消费习惯发生明显变化，时尚、消费电子类产品需求减少，而食品快餐、生活用品的需求显著上升，健身及户外等新兴品类快速增长。同时，由于用户的囤货倾向明显，使得阿里巴巴“近场零售”的客单价得到显著提升。22财年Q4中国商业分部营收图源：阿里巴巴财报用户方面，整个2022财年，中国商业分部在吸引新用户、维持用户粘性方面的表现值得关注。财报显示，截至2022年3月31日的12个月里，中国商业业务年活跃消费者共计9.03亿，同比和环比净增长分别为8900万和2100万。阿里巴巴将用户数据的稳健归因为其APP矩阵为不同的消费场景和业态创造个性化、沉浸式的互动体验，从而能够吸引和留存不同背景及购物行为的用户群体。各项细分业务的用户数据也印证了这一点。高净值用户方面，2022财年淘宝天猫平台中，有超过1.24亿年度活跃消费者在淘宝和天猫人均消费超过10000元；在上一个财年消费超过10000元的年度活跃消费者中，98%在本财年继续保持活跃。下沉市场中，淘特的年度活跃消费者超过3亿，2022财年，整个中国商业分部中来自欠发达地区的新增年度活跃消费者比例持续超过总新增数量的70%。阿里巴巴对中国商业分部的思路主要围绕新业务、以及消费者/商家的体验：对淘菜菜和淘特等新业务进行持续投入，特别是对履约网络的持续投入；今年戴珊上任以来，其对淘宝天猫核心战略也进行了调整——包括融合淘宝天猫、提高淘宝直播和逛逛的战略地位、提升消费者体验以及商家经营的确定性等。本地生活增速领先但亏损依旧2022年前三个月，在总体营收仅个位数增长的大背景下，包括饿了么、高德、飞猪和淘鲜达在内的本地生活业务同比增长29%，领先于其他所有业务。其中，“到家业务”饿了么因为聚焦重点城市的用户留存和运营效率提升，使得其在2022财年下半年的平均订单金额增加；同时也因来自非餐(生鲜及药物)的订单量受益于节假日市场推广而增长显著。而受益于高德的用户交易量、忠诚度的提高，“到目的地”的高德和飞猪业务的增长都较为显著。盈利能力上，本季度本地生活服务分部的经调整EBITA亏损有所收窄，从66.33亿元减少到54.83亿元，但亏损率依然高达52%，是除创新业务外亏损最严重的分部。22财年Q4阿里巴巴各分部财务表现，图源：阿里巴巴财报此外，因3月份新冠疫情的影响，飞猪、饿了么的订单量有所下降，高德的订单量增速也有所放缓。国际商业内外承压2022年前三个月，阿里巴巴的国际商业分部增速为7%，拉低该业务增速的主要是国际零售商业业务。财报显示，该业务在1-3月增速仅为4%，同比增长率放缓一方面是由于Trendyol的收入受土耳其里拉对人民币汇率贬值的负面影响；欧洲市场方面，速卖通的订单受欧盟增值税税规修改的持续影响及俄乌冲突对供应链的影响。财报电话会中，阿里巴巴的管理层还指出，东南亚疫情缓和让线下消费有所恢复，Lazada的业务在该地区受到冲击。国际商业分部下的国际批发商业业务在2022年前三个月同比增长13%，高于国际商业的整体增速，这主要得益于跨境业务相关增值服务收入的增长，以及来自Alibaba.com付费会员数量的增加。不过，因为中国出口增长放缓、以及疫情影响供应链，国际批发商业业务的同比增速相比前几个季度有所放缓。22财年Q4国际商业分部营收图源：阿里巴巴财报云业务增速放缓 首次实现年度盈利云业务也没有逃过疫情的影响。1月到3月，包括阿里云和钉钉在内的云业务增速放缓，截至2022年3月31日的三个月，云业务抵消跨分部交易的影响后收入为189.71亿元，同比增长仅12%，低于上一季度20%的增速；如果不考虑失去单一大客户的影响(即字节跳动的国际业务)，该季度云业务抵消跨分部交易的影响后同比增长15%。阿里巴巴云业务的客户来自各行各业，其增长强劲与否，主要与客户所在行业的需求相关。例如，在2022年1月至3月，云业务业绩增长主要受到电讯、金融服务和零售行业的增长所推动，而互联网行业客户需求疲软、特别是来自在线教育和文娱等互联网垂直行业客户的收入下滑，抵消了这部分增长。因为规模经济效益，云业务在1月到3月实现经调整EBTIA盈利；同时，2022财年，云业务也实现13年来首次年度盈利，上一财年该业务经调整EBITA亏损22.51亿元，2022财年则盈利11.46亿元。菜鸟振翅 大文娱和创新业务收入下滑菜鸟网络在2022年前三个月增速为16%，仅次于本地生活。菜鸟的快速增长主要来自于为天猫、淘宝和淘特等中国零售商业业务提供的物流履约解决方案，以及增值服务；此外，外部收入的增长同样是菜鸟增长的驱动因素，2022年1-3月，来自外部商家的收入同比增长超过30%。大文娱板块和“创新及其他”，则是阿里巴巴唯二业绩下降的板块。根据财报，“数字媒体及娱乐”在截至2022年前三个月收入为80.05亿元，同比下降1%。同时，由于对内容及制作投资的控制，该业务的经调整EBITA亏损由上年同期的26.98亿元收窄为19.66亿元。包括天猫精灵、达摩院在内的“创新及其他”业务在该季度的收入为3.84亿元，同比下滑35%，经调整EBITA亏损也从上年同期的16.48亿元扩大到24.52亿元，相当于收入的近7倍。22财年Q4文娱和创新业务营收图源：阿里巴巴财报2022开年，国内外一系列不确定因素接踵而至，冲击着国内互联网巨头们的业绩——增速普遍放缓、利润承压。阿里巴巴也是其中之一。事实上，阿里巴巴的业绩自去年以来已经因为内外多重因素而受到压力，为了应对接连的挑战，阿里巴巴在内部架构、发展战略上的调整一直在进行。去年12月，阿里巴巴宣布将业务逻辑重新按照国内和国外的逻辑进行划分，戴珊和蒋凡分别接管阿里的国内业务和国外业务。在电话会中，阿里高管强调，公司将在未来一年里继续降本增效，包括将长期价值不明显的业务关停、并转；根据业务不同性质来制定降本增效目标，比如直营业务提高毛利、物流业务要增效、并控制市场营销费用等。面对不确定的未来，阿里只能从自身寻找确定性。","news_type":1,"symbols_score_info":{"QNETCN":0.6,"09988":0.6,"BABA":0.9}},"isVote":1,"tweetType":1,"viewCount":701,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9026262073,"gmtCreate":1653387358392,"gmtModify":1676535272247,"author":{"id":"3569891093445397","authorId":"3569891093445397","name":"Kiankai","avatar":"https://community-static.tradeup.com/news/1b4103bb022b2adef8e12b33cba4c995","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569891093445397","authorIdStr":"3569891093445397"},"themes":[],"htmlText":"Oh, no","listText":"Oh, no","text":"Oh, no","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9026262073","repostId":"1146182169","repostType":4,"repost":{"id":"1146182169","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1653380941,"share":"https://ttm.financial/m/news/1146182169?lang=en_US&edition=fundamental","pubTime":"2022-05-24 16:29","market":"hk","language":"zh","title":"Market Overview | The selling wave is coming! Many star stocks plummeted, Snap plummeted 28%","url":"https://stock-news.laohu8.com/highlight/detail?id=1146182169","media":"老虎资讯综合","summary":"摘要：市场忧虑全球经济衰退，国际金融市场齐挫！恒生科技指数大跌，哔哩哔哩、美团等明星股跌幅居前；美国三大股指期货下跌，热门中概股、明星科技股走低；欧洲主要指数集体下跌，国际油价下跌。港股市场忧虑全球经","content":"<p><html><head></head><body><b>Abstract: The market is worried about the global economic recession, and the international financial market has fallen! The Hang Seng Technology Index fell sharply,<a href=\"https://laohu8.com/S/BILI\">Bilibili</a>, Meituan and other star stocks were among the top losers; The three major U.S. stock index futures fell, and popular Chinese concept stocks and star technology stocks fell; Major European indexes collectively fell, and international oil prices fell.</b><b>Hong Kong Stocks</b></p><p>The market is worried about the global economic recession, and the international financial market has plunged. The three major Hong Kong stock indexes maintained their downward trend throughout the day. The Hang Seng Index and the Hang Seng Technology Index finally closed down 1.75% and 3.48%, both of which narrowly held important index barriers. Today, the net inflow of southbound funds bucked the trend and was 2.286 billion Hong Kong dollars, and the market turnover was 113.6 billion Hong Kong dollars.</p><p>The Hang Seng Technology Index plummeted, and many star stocks fell. Among them, Ctrip Group fell 6.67%, Bilibili fell 5.59%, and Meituan fell nearly 5%.<a href=\"https://laohu8.com/S/JD\">JD.com</a>Fell more than 5%,<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>Fell more than 4%,<a href=\"https://laohu8.com/S/00700\">Tencent</a>, Xiaomi fell nearly 3%.</p><p>Gaming stocks were among the top losers,<a href=\"https://laohu8.com/S/01928\">Sands China Limited</a>Down 7.53%,<a href=\"https://laohu8.com/S/00027\">Galaxy Entertainment</a>Fell more than 5%,<a href=\"https://laohu8.com/S/02282\">MGM China</a>Down 4.68%.</p><p><a href=\"https://laohu8.com/S/XPEV\">XPeng vehicles</a>Down by 9.14%, XPeng Automobile released its first quarterly report, achieving revenue of 7.455 billion yuan during the quarter, a year-on-year increase of 152.6% and a month-on-month decrease of 12.9%; The net loss was 1.7 billion yuan, which was narrower than the loss of 787 million yuan in the same period last year, but expanded compared with the loss of 1.287 billion yuan in the fourth quarter of 2021.</p><p><a href=\"https://laohu8.com/S/688180\">Junshi Bio</a>H shares closed down 12.73%, A shares fell by the limit, and H shares opened 5.45% higher in early trading.<a href=\"https://laohu8.com/S/01877\">Junshi Bio</a>It was announced that the oral nucleoside anti-SARS-CoV-2 drug VV116 tablets jointly developed by the company's holding subsidiary \"Shanghai Juntuo\" Biomedicine and Suzhou \"Wangshan Wangshui\" Biomedicine were compared with PAXLOVID for mild and moderate The phase III registration clinical study of early treatment of novel coronavirus pneumonia reached the primary endpoint preset in the protocol. The company will communicate with the regulatory authorities to submit new drug marketing applications in the near future.</p><p><b>A Shares</b></p><p>The two cities fell unilaterally, with the Shanghai Composite Index falling below 3,100 points, and the Science and Technology Innovation 50 Index falling below the basis point again. As of the close, the Shanghai Composite Index fell 2.41% to 3070.93 points, the Shenzhen Component Index fell 3.34% to 11065.92 points, and the ChiNext Index fell 3.82% to 2318.07 points. 280 shares in the two cities rose, 4378 shares fell, and the trading volume increased, with a turnover of 990 billion.<b>Northbound funds sold 9.549 billion yuan unilaterally throughout the day, and the net sales hit a new high since March 15; Among them, the net sales of Shanghai Stock Connect were 4.738 billion yuan, and the net sales of Shenzhen Stock Connect were 4.811 billion yuan.</b></p><p>On the disk, the Internet e-commerce sector was among the top losers.<a href=\"https://laohu8.com/S/301001\">Kaichun shares</a>、<a href=\"https://laohu8.com/S/002280\">Contact and interact</a>、<a href=\"https://laohu8.com/S/301110\">Aoki Shares</a>Fell more than 9%,<a href=\"https://laohu8.com/S/300209\">Tianze Information</a>、<a href=\"https://laohu8.com/S/003010\">Wakahuchen</a>、<a href=\"https://laohu8.com/S/300464\">Xinghui Shares</a>Fell more than 7%,<a href=\"https://laohu8.com/S/002127\">Antarctic e-commerce</a>、<a href=\"https://laohu8.com/S/300792\">One Network One Creation</a>Wait for falling one after another.</p><p>The new crown drug sector suffered setbacks, and Junshi Biotech fell by the 20cm limit.<a href=\"https://laohu8.com/S/688136\">Sinovac</a>、<a href=\"https://laohu8.com/S/300584\">Haichen Pharmaceutical</a>、<a href=\"https://laohu8.com/S/600267\">Hisun Pharma</a>10cm lower limit,<a href=\"https://laohu8.com/S/688163\">Salem Bio</a>、<a href=\"https://laohu8.com/S/002317\">Zhongsheng Pharmaceutical</a>、<a href=\"https://laohu8.com/S/301263\">Taienkang</a>、<a href=\"https://laohu8.com/S/301201\">Chengda Pharmaceutical</a>Fell more than 9%.</p><p>The digital currency sector fluctuated lower, and C Zhongkejiang fell by the limit.<a href=\"https://laohu8.com/S/300546\">Xiongdi Technology</a>Down 9.57%,<a href=\"https://laohu8.com/S/300479\">Shensi Electronics</a>、<a href=\"https://laohu8.com/S/300541\">Advanced data communication</a>、<a href=\"https://laohu8.com/S/300205\">Tianyu information</a>、<a href=\"https://laohu8.com/S/002104\">Hengbao shares</a>Wait for it to fall by more than 8%,<a href=\"https://laohu8.com/S/300061\">Qitian Technology</a>、<a href=\"https://laohu8.com/S/300130\">New Capital</a>、<a href=\"https://laohu8.com/S/300465\">Gao Weida</a>Wait to follow the decline.</p><p>Concept stocks generally fell,<a href=\"https://laohu8.com/S/000815\">Meiliyun</a>、<a href=\"https://laohu8.com/S/300846\">Capital Online</a>Down the limit,<a href=\"https://laohu8.com/S/300603\">Leon Technology</a>、<a href=\"https://laohu8.com/S/003007\">Zhizhen Technology</a>Fell more than 9%,<a href=\"https://laohu8.com/S/301085\">Yakang shares</a>、<a href=\"https://laohu8.com/S/300250\">Chuling Information</a>、<a href=\"https://laohu8.com/S/300609\">Huina Technology</a>Fell more than 8%.</p><p>Education stocks are lower,<a href=\"https://laohu8.com/S/300282\">Sansheng Education</a>Down 8.61%,<a href=\"https://laohu8.com/S/600880\">Borui communication</a>、<a href=\"https://laohu8.com/S/300688\">Entrepreneurial dark horse</a>Fell more than 7%,<a href=\"https://laohu8.com/S/600661\">Only Education</a>、<a href=\"https://laohu8.com/S/003032\">Chanzhi Education</a>Fell more than 6%,<a href=\"https://laohu8.com/S/300010\">Bean God Education</a>、<a href=\"https://laohu8.com/S/XUE\">University Education</a>、<a href=\"https://laohu8.com/S/600636\">Guoxin culture</a>Fell one after another.</p><p>Auto stocks surged and fell back, but there were still<a href=\"https://laohu8.com/S/000572\">Haima Auotmobile</a>、<a href=\"https://laohu8.com/S/000957\">Zhongtong Bus</a>Daily limit,<a href=\"https://laohu8.com/S/600006\">Dongfeng Motor</a>Up 7.29%,<a href=\"https://laohu8.com/S/601238\">GAC Group</a>、<a href=\"https://laohu8.com/S/000625\">Changan Automobile</a>Up more than 2%.</p><p>Why did it fall sharply today? Some market analysts said that the cumulative increase in the previous period was too large, so there is an adjustment at present. Guosheng Securities pointed out that although the A-share market has performed strongly recently, it should also be noted that this round of rebound after the market bottomed out on April 27th is still in the category of oversold rebound in essence, and it is not advisable to be overly optimistic because of the recent strength. It is inevitable that the market will intensify differentiation in the second half of the second quarter. As the center of gravity of the market continues to move upward, the market is about to touch the pressure level near the 3200-point integer mark. If the short-term quantity can't be effectively enlarged, it may repeatedly fluctuate and consolidate near the short-term moving averages below in the form of time for space. The rebound from oversold to stabilization and reversal will not happen overnight.</p><p>In addition, it may also be affected by the negative sentiment of the United States announcing the launch of the \"Indo-Pacific Economic Framework.\" On May 23, local time, US President Biden announced the launch of the \"Indo-Pacific Economic Framework\" (IPEF) in Tokyo, Japan. The first batch of 13 participants include the United States, South Korea, Japan, India, Australia, New Zealand, Indonesia, Thailand, Malaysia, Philippines, Singapore, Vietnam and Brunei. According to the analysis, the United States replaces the Asia-Pacific region with Indo-Pacific, which is itself to dilute the mature Asia-Pacific economic cooperation network and cut the endogenous economic and trade cooperation network in the Asia-Pacific region with camp-based geopolitical thinking.</p><p><b>US stocks</b></p><p><b>Recently, European and American stock markets have been volatile as investors assess the central bank's monetary policy, the outlook for inflation and the continued impact of the epidemic on the global economy.</b></p><p>The three major U.S. stock index futures fell before the market opened. As of press time, Dow futures fell 0.78%; S&P 500 futures fell 1.26%; Nasdaq 100 futures fell 1.91%.<img src=\"https://static.tigerbbs.com/db13870232cf16861d1874b7863e320c\" tg-width=\"828\" tg-height=\"231\" referrerpolicy=\"no-referrer\"/>Popular Chinese concept stocks generally fell before the market, XPeng Automobile fell more than 4%, Bilibili, Nio, and JD.com fell more than 3%.<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>Fell more than 2%.</p><p>Star tech stocks fell premarket,<a href=\"https://laohu8.com/S/FB\">Meta Platforms</a>Fell more than 6%,<a href=\"https://laohu8.com/S/GOOG\">Google</a>Fell nearly 4%,<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>Fell more than 3%,<a href=\"https://laohu8.com/S/NFLX\">Netflix</a>、<a href=\"https://laohu8.com/S/AAPL\">Apple</a>Fell more than 2%.</p><p>Snap fell 28% before the market. The company warned that it would fail to meet revenue and adjusted earnings targets in the second quarter and planned to slow down hiring.</p><p>Sea fell more than 2% before the market, and ARKK was close to clearing Sea.</p><p><a href=\"https://laohu8.com/S/ZM\">Zoom</a>It rose more than 6% before the market, and Q1 revenue increased by 12% year-on-year to US $1.07 billion. The company raised its adjusted EPS performance outlook for fiscal year 2023.</p><p>Barclays, which rose nearly 2% before the market, will launch a share buyback plan to buy 25p each of the company's ordinary shares at a price of up to 1 billion pounds.</p><p><b>European stocks</b></p><p>Major European indexes fell collectively, with the European Stoxx 50 index falling 1.28%.<a href=\"https://laohu8.com/S/VUKE.UK\">UK FTSE 100</a>The index fell 0.75%, and the German DAX30 index fell 1.01%.<img src=\"https://static.tigerbbs.com/527c77f6030dd29427dbb1789a578437\" tg-width=\"826\" tg-height=\"358\" referrerpolicy=\"no-referrer\"/><b>crude oil</b></p><p>International oil prices fell, with U.S. oil reporting at $109.34/barrel, an intraday decrease of 0.87%; Brent oil is now trading at US $109.88 per barrel, an intraday decrease of 0.80%.</p><p>Concerns about an economic recession and weakening oil consumption outweighed expectations for tight global supplies and a rebound in Asian fuel demand. Some investors expect rising oil prices to curb global fuel consumption. In addition, the monkeypox virus has also increased market concerns. U.S. stock index futures generally fell on Tuesday, and Asian stock markets generally fell, which also dragged down oil price performance in the short term.</p><p><b>Gold</b></p><p>Spot gold rose 0.54% during the day to $1,857.71 an ounce.</p><p>International gold prices held firm as the US Dollar Index continued to hit a new low since April 26 at 101.786. Given that expectations of at least 50 basis points of each rate hike at the Fed's June and July meetings have been priced in, investors continue to unwind bets on further gains in the dollar in favor of dollar-denominated gold.</p><p></body></html></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Market Overview | The selling wave is coming! Many star stocks plummeted, Snap plummeted 28%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMarket Overview | The selling wave is coming! Many star stocks plummeted, Snap plummeted 28%\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2022-05-24 16:29</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body><b>Abstract: The market is worried about the global economic recession, and the international financial market has fallen! The Hang Seng Technology Index fell sharply,<a href=\"https://laohu8.com/S/BILI\">Bilibili</a>, Meituan and other star stocks were among the top losers; The three major U.S. stock index futures fell, and popular Chinese concept stocks and star technology stocks fell; Major European indexes collectively fell, and international oil prices fell.</b><b>Hong Kong Stocks</b></p><p>The market is worried about the global economic recession, and the international financial market has plunged. The three major Hong Kong stock indexes maintained their downward trend throughout the day. The Hang Seng Index and the Hang Seng Technology Index finally closed down 1.75% and 3.48%, both of which narrowly held important index barriers. Today, the net inflow of southbound funds bucked the trend and was 2.286 billion Hong Kong dollars, and the market turnover was 113.6 billion Hong Kong dollars.</p><p>The Hang Seng Technology Index plummeted, and many star stocks fell. Among them, Ctrip Group fell 6.67%, Bilibili fell 5.59%, and Meituan fell nearly 5%.<a href=\"https://laohu8.com/S/JD\">JD.com</a>Fell more than 5%,<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>Fell more than 4%,<a href=\"https://laohu8.com/S/00700\">Tencent</a>, Xiaomi fell nearly 3%.</p><p>Gaming stocks were among the top losers,<a href=\"https://laohu8.com/S/01928\">Sands China Limited</a>Down 7.53%,<a href=\"https://laohu8.com/S/00027\">Galaxy Entertainment</a>Fell more than 5%,<a href=\"https://laohu8.com/S/02282\">MGM China</a>Down 4.68%.</p><p><a href=\"https://laohu8.com/S/XPEV\">XPeng vehicles</a>Down by 9.14%, XPeng Automobile released its first quarterly report, achieving revenue of 7.455 billion yuan during the quarter, a year-on-year increase of 152.6% and a month-on-month decrease of 12.9%; The net loss was 1.7 billion yuan, which was narrower than the loss of 787 million yuan in the same period last year, but expanded compared with the loss of 1.287 billion yuan in the fourth quarter of 2021.</p><p><a href=\"https://laohu8.com/S/688180\">Junshi Bio</a>H shares closed down 12.73%, A shares fell by the limit, and H shares opened 5.45% higher in early trading.<a href=\"https://laohu8.com/S/01877\">Junshi Bio</a>It was announced that the oral nucleoside anti-SARS-CoV-2 drug VV116 tablets jointly developed by the company's holding subsidiary \"Shanghai Juntuo\" Biomedicine and Suzhou \"Wangshan Wangshui\" Biomedicine were compared with PAXLOVID for mild and moderate The phase III registration clinical study of early treatment of novel coronavirus pneumonia reached the primary endpoint preset in the protocol. The company will communicate with the regulatory authorities to submit new drug marketing applications in the near future.</p><p><b>A Shares</b></p><p>The two cities fell unilaterally, with the Shanghai Composite Index falling below 3,100 points, and the Science and Technology Innovation 50 Index falling below the basis point again. As of the close, the Shanghai Composite Index fell 2.41% to 3070.93 points, the Shenzhen Component Index fell 3.34% to 11065.92 points, and the ChiNext Index fell 3.82% to 2318.07 points. 280 shares in the two cities rose, 4378 shares fell, and the trading volume increased, with a turnover of 990 billion.<b>Northbound funds sold 9.549 billion yuan unilaterally throughout the day, and the net sales hit a new high since March 15; Among them, the net sales of Shanghai Stock Connect were 4.738 billion yuan, and the net sales of Shenzhen Stock Connect were 4.811 billion yuan.</b></p><p>On the disk, the Internet e-commerce sector was among the top losers.<a href=\"https://laohu8.com/S/301001\">Kaichun shares</a>、<a href=\"https://laohu8.com/S/002280\">Contact and interact</a>、<a href=\"https://laohu8.com/S/301110\">Aoki Shares</a>Fell more than 9%,<a href=\"https://laohu8.com/S/300209\">Tianze Information</a>、<a href=\"https://laohu8.com/S/003010\">Wakahuchen</a>、<a href=\"https://laohu8.com/S/300464\">Xinghui Shares</a>Fell more than 7%,<a href=\"https://laohu8.com/S/002127\">Antarctic e-commerce</a>、<a href=\"https://laohu8.com/S/300792\">One Network One Creation</a>Wait for falling one after another.</p><p>The new crown drug sector suffered setbacks, and Junshi Biotech fell by the 20cm limit.<a href=\"https://laohu8.com/S/688136\">Sinovac</a>、<a href=\"https://laohu8.com/S/300584\">Haichen Pharmaceutical</a>、<a href=\"https://laohu8.com/S/600267\">Hisun Pharma</a>10cm lower limit,<a href=\"https://laohu8.com/S/688163\">Salem Bio</a>、<a href=\"https://laohu8.com/S/002317\">Zhongsheng Pharmaceutical</a>、<a href=\"https://laohu8.com/S/301263\">Taienkang</a>、<a href=\"https://laohu8.com/S/301201\">Chengda Pharmaceutical</a>Fell more than 9%.</p><p>The digital currency sector fluctuated lower, and C Zhongkejiang fell by the limit.<a href=\"https://laohu8.com/S/300546\">Xiongdi Technology</a>Down 9.57%,<a href=\"https://laohu8.com/S/300479\">Shensi Electronics</a>、<a href=\"https://laohu8.com/S/300541\">Advanced data communication</a>、<a href=\"https://laohu8.com/S/300205\">Tianyu information</a>、<a href=\"https://laohu8.com/S/002104\">Hengbao shares</a>Wait for it to fall by more than 8%,<a href=\"https://laohu8.com/S/300061\">Qitian Technology</a>、<a href=\"https://laohu8.com/S/300130\">New Capital</a>、<a href=\"https://laohu8.com/S/300465\">Gao Weida</a>Wait to follow the decline.</p><p>Concept stocks generally fell,<a href=\"https://laohu8.com/S/000815\">Meiliyun</a>、<a href=\"https://laohu8.com/S/300846\">Capital Online</a>Down the limit,<a href=\"https://laohu8.com/S/300603\">Leon Technology</a>、<a href=\"https://laohu8.com/S/003007\">Zhizhen Technology</a>Fell more than 9%,<a href=\"https://laohu8.com/S/301085\">Yakang shares</a>、<a href=\"https://laohu8.com/S/300250\">Chuling Information</a>、<a href=\"https://laohu8.com/S/300609\">Huina Technology</a>Fell more than 8%.</p><p>Education stocks are lower,<a href=\"https://laohu8.com/S/300282\">Sansheng Education</a>Down 8.61%,<a href=\"https://laohu8.com/S/600880\">Borui communication</a>、<a href=\"https://laohu8.com/S/300688\">Entrepreneurial dark horse</a>Fell more than 7%,<a href=\"https://laohu8.com/S/600661\">Only Education</a>、<a href=\"https://laohu8.com/S/003032\">Chanzhi Education</a>Fell more than 6%,<a href=\"https://laohu8.com/S/300010\">Bean God Education</a>、<a href=\"https://laohu8.com/S/XUE\">University Education</a>、<a href=\"https://laohu8.com/S/600636\">Guoxin culture</a>Fell one after another.</p><p>Auto stocks surged and fell back, but there were still<a href=\"https://laohu8.com/S/000572\">Haima Auotmobile</a>、<a href=\"https://laohu8.com/S/000957\">Zhongtong Bus</a>Daily limit,<a href=\"https://laohu8.com/S/600006\">Dongfeng Motor</a>Up 7.29%,<a href=\"https://laohu8.com/S/601238\">GAC Group</a>、<a href=\"https://laohu8.com/S/000625\">Changan Automobile</a>Up more than 2%.</p><p>Why did it fall sharply today? Some market analysts said that the cumulative increase in the previous period was too large, so there is an adjustment at present. Guosheng Securities pointed out that although the A-share market has performed strongly recently, it should also be noted that this round of rebound after the market bottomed out on April 27th is still in the category of oversold rebound in essence, and it is not advisable to be overly optimistic because of the recent strength. It is inevitable that the market will intensify differentiation in the second half of the second quarter. As the center of gravity of the market continues to move upward, the market is about to touch the pressure level near the 3200-point integer mark. If the short-term quantity can't be effectively enlarged, it may repeatedly fluctuate and consolidate near the short-term moving averages below in the form of time for space. The rebound from oversold to stabilization and reversal will not happen overnight.</p><p>In addition, it may also be affected by the negative sentiment of the United States announcing the launch of the \"Indo-Pacific Economic Framework.\" On May 23, local time, US President Biden announced the launch of the \"Indo-Pacific Economic Framework\" (IPEF) in Tokyo, Japan. The first batch of 13 participants include the United States, South Korea, Japan, India, Australia, New Zealand, Indonesia, Thailand, Malaysia, Philippines, Singapore, Vietnam and Brunei. According to the analysis, the United States replaces the Asia-Pacific region with Indo-Pacific, which is itself to dilute the mature Asia-Pacific economic cooperation network and cut the endogenous economic and trade cooperation network in the Asia-Pacific region with camp-based geopolitical thinking.</p><p><b>US stocks</b></p><p><b>Recently, European and American stock markets have been volatile as investors assess the central bank's monetary policy, the outlook for inflation and the continued impact of the epidemic on the global economy.</b></p><p>The three major U.S. stock index futures fell before the market opened. As of press time, Dow futures fell 0.78%; S&P 500 futures fell 1.26%; Nasdaq 100 futures fell 1.91%.<img src=\"https://static.tigerbbs.com/db13870232cf16861d1874b7863e320c\" tg-width=\"828\" tg-height=\"231\" referrerpolicy=\"no-referrer\"/>Popular Chinese concept stocks generally fell before the market, XPeng Automobile fell more than 4%, Bilibili, Nio, and JD.com fell more than 3%.<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>Fell more than 2%.</p><p>Star tech stocks fell premarket,<a href=\"https://laohu8.com/S/FB\">Meta Platforms</a>Fell more than 6%,<a href=\"https://laohu8.com/S/GOOG\">Google</a>Fell nearly 4%,<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>Fell more than 3%,<a href=\"https://laohu8.com/S/NFLX\">Netflix</a>、<a href=\"https://laohu8.com/S/AAPL\">Apple</a>Fell more than 2%.</p><p>Snap fell 28% before the market. The company warned that it would fail to meet revenue and adjusted earnings targets in the second quarter and planned to slow down hiring.</p><p>Sea fell more than 2% before the market, and ARKK was close to clearing Sea.</p><p><a href=\"https://laohu8.com/S/ZM\">Zoom</a>It rose more than 6% before the market, and Q1 revenue increased by 12% year-on-year to US $1.07 billion. The company raised its adjusted EPS performance outlook for fiscal year 2023.</p><p>Barclays, which rose nearly 2% before the market, will launch a share buyback plan to buy 25p each of the company's ordinary shares at a price of up to 1 billion pounds.</p><p><b>European stocks</b></p><p>Major European indexes fell collectively, with the European Stoxx 50 index falling 1.28%.<a href=\"https://laohu8.com/S/VUKE.UK\">UK FTSE 100</a>The index fell 0.75%, and the German DAX30 index fell 1.01%.<img src=\"https://static.tigerbbs.com/527c77f6030dd29427dbb1789a578437\" tg-width=\"826\" tg-height=\"358\" referrerpolicy=\"no-referrer\"/><b>crude oil</b></p><p>International oil prices fell, with U.S. oil reporting at $109.34/barrel, an intraday decrease of 0.87%; Brent oil is now trading at US $109.88 per barrel, an intraday decrease of 0.80%.</p><p>Concerns about an economic recession and weakening oil consumption outweighed expectations for tight global supplies and a rebound in Asian fuel demand. Some investors expect rising oil prices to curb global fuel consumption. In addition, the monkeypox virus has also increased market concerns. U.S. stock index futures generally fell on Tuesday, and Asian stock markets generally fell, which also dragged down oil price performance in the short term.</p><p><b>Gold</b></p><p>Spot gold rose 0.54% during the day to $1,857.71 an ounce.</p><p>International gold prices held firm as the US Dollar Index continued to hit a new low since April 26 at 101.786. Given that expectations of at least 50 basis points of each rate hike at the Fed's June and July meetings have been priced in, investors continue to unwind bets on further gains in the dollar in favor of dollar-denominated gold.</p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/a5d11890cd6ccd454a56d86737fd3353","relate_stocks":{"NIO":"蔚来","ZM":"Zoom","HSI":"恒生指数","SNAP":"Snap Inc","FB":"ProShares S&P 500 Dynamic Buffer ETF","JD":"京东",".IXIC":"NASDAQ Composite","BILI":"哔哩哔哩","XPEV":"小鹏汽车","BABA":"阿里巴巴","GOOG":"谷歌",".SPX":"S&P 500 Index","TSLA":"特斯拉",".DJI":"道琼斯"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1146182169","content_text":"摘要：市场忧虑全球经济衰退，国际金融市场齐挫！恒生科技指数大跌，哔哩哔哩、美团等明星股跌幅居前；美国三大股指期货下跌，热门中概股、明星科技股走低；欧洲主要指数集体下跌，国际油价下跌。港股市场忧虑全球经济衰退，国际金融市场齐挫。港股三大指数全天维持跌势，恒指、恒生科技指数最终收跌1.75%及3.48%，二者均险守重要指数关口。今日南下资金逆势净流入22.86亿港元，大市成交额1136亿港元。恒生科技指数大跌，多只明星股下挫。其中，携程集团跌6.67%，哔哩哔哩跌5.59%，美团跌近5%，京东跌超5%，百度跌超4%，腾讯、小米跌近3%。博彩股跌幅居前，金沙中国有限公司跌7.53%，银河娱乐跌超5%，美高梅中国跌4.68%。小鹏汽车跌9.14%，小鹏汽车发布一季报，季内实现收入74.55亿元，同比增长152.6%，环比下降12.9%；净亏损17亿元，相比去年同期亏损7.87亿元有所收窄，但相比2021年四季度亏损12.87亿元扩大。君实生物H股收跌12.73%，A股跌停，早盘H股曾高开5.45%。君实生物发布公告，公司控股子公司“上海君拓”生物医药与苏州“旺山旺水”生物医药合作开发的产品口服核苷类抗SARS-CoV-2药物VV116片在一项对比PAXLOVID用于轻中度新型冠状病毒肺炎早期治疗的III期注册临床研究达到方案预设的主要终点。公司将于近期与监管部门沟通递交新药上市申请事宜。A股两市单边下跌，沪指跌破3100点，科创50指数再度跌至基点下方。截止收盘，沪指跌2.41%报3070.93点，深成指跌3.34%报11065.92点，创业板指跌3.82%报2318.07点。两市280股上涨，4378股下跌，成交量放大，成交额9900亿。北向资金全天单边净卖出95.49亿元，净卖出额创3月15日以来新高；其中沪股通净卖出47.38亿元，深股通净卖出48.11亿元。盘面上，互联网电商板块跌幅居前，凯淳股份、联络互动、青木股份跌超9%，天泽信息、若羽臣、星徽股份跌超7%，南极电商、壹网壹创等纷纷下跌。新冠药物板块受挫，君实生物20cm跌停，科兴制药、海辰药业、海正药业10cm跌停，赛伦生物、众生药业、泰恩康、诚达药业跌超9%。数字货币板块震荡走低，C中科江跌停，雄帝科技跌9.57%，神思电子、先进数通、天喻信息、恒宝股份等跌超8%，旗天科技、新国都、高伟达等跟跌。东数西算概念股普跌，美利云、首都在线跌停，立昂技术、直真科技跌超9%，亚康股份、初灵信息、汇纳科技跌超8%。教育股走低，三盛教育跌8.61%，博瑞传播、创业黑马跌超7%，昂立教育、传智教育跌超6%，豆神教育、学大教育、国新文化纷纷下跌。汽车股冲高回落，但仍有海马汽车、中通客车涨停，东风汽车涨7.29%，广汽集团、长安汽车涨超2%。为何今天大跌，有市场分析称，前期累积涨幅过大，所以当前出现了调整，国盛证券指出，近期A股市场虽表现强势，但也应注意到，大盘在4月27日触底后的此轮反弹，本质上依旧属于超跌反弹的范畴，不宜因近期走强而过度乐观，在二季度后半段市场加剧分化或在所难免。随着市场重心不断上移，大盘即将触及3200点整数关口附近的压力位，短期如量能无法有效放大，或将以时间换空间的方式，在下方多条短期均线附近反复震荡整理蓄势。而从超跌反弹到企稳反转并不会一蹴而就。另外，也有可能受到美国宣布启动“印太经济框架”的负面情绪影响。当地时间5月23日，美国总统拜登在日本东京宣布启动“印太经济框架”（IPEF）。首批13个参与方，包括美国、韩国、日本、印度、澳大利亚、新西兰、印度尼西亚、泰国、马来西亚、菲律宾、新加坡、越南、文莱。分析称，美国用印太来取代亚太，本身就是要稀释已经成熟的亚太经济合作网络，以阵营化的地缘政治思维切割亚太地区内生性的经贸合作网络。美股近期，由于投资者评估央行货币政策、通货膨胀的前景以及疫情持续对全球经济的影响，欧美股市一直在波动。美国三大股指期货盘前下跌，截至发稿，道指期货跌0.78%；标普500指数期货跌1.26%；纳斯达克100指数期货跌1.91%。热门中概股盘前普跌，小鹏汽车跌超4%，哔哩哔哩、蔚来、京东跌超3%，阿里巴巴跌超2%。明星科技股盘前走低，Meta Platforms跌超6%，谷歌跌近4%，特斯拉跌超3%，奈飞、苹果跌逾2%。Snap盘前大跌28%，公司警告称二季度将无法实现收入和调整后的收益目标，并计划放缓招聘。Sea盘前跌超2%，ARKK接近清仓Sea。Zoom盘前涨超6%，Q1营收同比增长12%至10.7亿美元，公司上调2023财年调整后EPS业绩展望。巴克莱盘前涨近2%，将启动股票回购计划，以最高10亿英镑的价格购买公司每股25便士的普通股。欧股欧洲主要指数集体下跌，欧洲斯托克50指数跌1.28%，英国富时100指数跌0.75%，德国DAX30指数跌1.01%。原油国际油价下跌，美油报109.34美元/桶，日内跌幅0.87%；布油现报109.88美元/桶，日内跌幅0.80%。经济衰退和石油消费减弱的担忧压过对全球供应紧张及亚洲燃料需求回升的预期，一些投资者预计油价上涨会抑制全球燃料的消费，再加上猴痘病毒也增加市场担忧情绪，美国股指期货周二普遍下跌，亚洲股市普遍下跌，也在短线拖累油价表现。黄金现货黄金日内涨0.54%，报1857.71美元/盎司。国际金价持坚，因美元指数续创4月26日以来新低至101.786。鉴于美联储在6月和7月会议上各加息至少50个基点的预期已经被消化，投资者继续解除对美元进一步上涨的押注，有利于以美元计价的黄金。","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,"GOOG":0.9,"NIO":0.9,"SNAP":0.9,"FB":0.9,"TSLA":0.9,"BABA":0.9,"BILI":0.9,"ZM":0.9,".SPX":0.9,"HSI":0.9,"JD":0.9,"XPEV":0.9}},"isVote":1,"tweetType":1,"viewCount":747,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9026262073,"gmtCreate":1653387358392,"gmtModify":1676535272247,"author":{"id":"3569891093445397","authorId":"3569891093445397","name":"Kiankai","avatar":"https://community-static.tradeup.com/news/1b4103bb022b2adef8e12b33cba4c995","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569891093445397","authorIdStr":"3569891093445397"},"themes":[],"htmlText":"Oh, no","listText":"Oh, no","text":"Oh, no","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9026262073","repostId":"1146182169","repostType":4,"isVote":1,"tweetType":1,"viewCount":747,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":192809760370696,"gmtCreate":1688102208589,"gmtModify":1688102212199,"author":{"id":"3569891093445397","authorId":"3569891093445397","name":"Kiankai","avatar":"https://community-static.tradeup.com/news/1b4103bb022b2adef8e12b33cba4c995","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569891093445397","authorIdStr":"3569891093445397"},"themes":[],"htmlText":"U you&nbsp;","listText":"U you&nbsp;","text":"U you","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/192809760370696","repostId":"1124255353","repostType":4,"repost":{"id":"1124255353","kind":"news","weMediaInfo":{"introduction":"格隆汇旗下公众号。分享和探讨港股、美国中概股以及少量估值确有吸引力之A股的投资线索、投资机会与投资心得.","home_visible":1,"media_name":"格隆汇投资学苑","id":"3","head_image":"https://static.tigerbbs.com/5d7d04eb4f16b0013ed2c39f71b84b6c"},"pubTimestamp":1688097130,"share":"https://ttm.financial/m/news/1124255353?lang=en_US&edition=fundamental","pubTime":"2023-06-30 11:52","market":"fut","language":"zh","title":"Buffett increased his position in Occidental Petroleum again! The shareholding ratio rises to 25%, what is the logic of buying under $60?","url":"https://stock-news.laohu8.com/highlight/detail?id=1124255353","media":"格隆汇投资学苑","summary":"不到一个月又再增持当地时间周三，“股神”巴菲特旗下的伯克希尔哈撒韦公司表示，已收购西方石油公司更多股份，对其的持有股份提高至25%以上。截至目前，伯克希尔哈撒韦公司持有西方石油公司2.241亿股股票，根据周三收盘价计算，该持仓价值约129亿美元，持股比例为25.1%。随后二季度，巴菲特将西方石油全部清仓，若以西方石油当季度股价平均值14.7美元，亏损约5.5亿美元。","content":"<p><html><head></head><body>Less than a month later, it increased its holdings again. On Wednesday local time, Berkshire Hathaway, a subsidiary of \"stock god\" Buffett, said it had acquired more shares of Occidental Petroleum and increased its stake in it to more than 25%.</p><p>Affected by this, Occidental Petroleum closed up 1.84% at $58.52 per share.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/470487d76d9e2b5856ba19affc496223\" tg-width=\"560\" tg-height=\"240\"/></p><p><strong>Preferred shares reduced to $9.2 billion</strong></p><p>A document from the regulatory agency shows that,<strong>Between June 26 and 28, Berkshire paid approximately $122.1 million to buy 2.14 million Occidental Petroleum shares, with an average purchase price of approximately $57.05 per share.<br/></strong></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/39e9f1f15655edac7cf7d109b9a3e9e6\" tg-width=\"959\" tg-height=\"714\"/></p><p>The last time Buffett bought Occidental Petroleum was on May 30 this year, when Berkshire also bought about 4.66 million shares of Occidental Company. This also means that Buffett chose to increase his holdings in less than a month.</p><p>As of now, Berkshire Hathaway holds 224.1 million shares of Occidental Petroleum, a position worth about $12.9 billion based on Wednesday's closing price, or a 25.1% stake. If you add the 83.86 million unexercised common stock warrants, Berkshire's shareholding ratio will be as high as 32.4%.</p><p><strong>The filing also shows that Occidental recently redeemed about $160 million of Berkshire's 8% Dividend preferred shares holdings, paying a 10% premium for it. Following the latest redemption, Berkshire now holds about $9.2 billion in Occidental preferred shares.</strong></p><p><strong>Buy under $60</strong></p><p><p style=\"text-align: left;\"><strong>Looking back on Buffett's history with Occidental Petroleum,</strong>In April 2019, with the support of Buffett's $10 billion funding, Occidental Petroleum successfully acquired Anadarko for $38 billion.</p><p><strong>Buffett also received $10 billion in Occidental Petroleum preferred shares, with a Dividend rate of 8%, and attached warrants for common stock, allowing him to buy 83.86 million shares at a price of $59.62.</strong></p><p>In the second half of 2019, the stock price of Occidental Petroleum fell sharply, and Buffett took the opportunity to increase his position. Buffett bought a total of 18.93 million shares of Occidental Petroleum from the secondary market (excluding preferred shares of US $10 billion), and the purchase cost was about 43.8 US dollars, costing about 830 million US dollars in total.</p><p>However, in the first quarter of 2020, when the new crown broke out, crude oil prices plummeted, and even negative oil prices occurred. Occidental Petroleum's stock price also followed suit, falling to US $8.38 per share at one point.</p><p>In the second quarter, Buffett liquidated all Occidental Petroleum's positions. If Occidental Petroleum's average stock price in the quarter was US $14.7, the loss would be approximately US $550 million.</p><p>Last year, the conflict between Russia and Ukraine broke out, triggering an imbalance between oil supply and demand, and international oil prices rose sharply. Brent crude oil futures once hit US $133.12/barrel, and WTI crude oil futures once hit US $130.5/barrel.</p><p>Occidental Petroleum's stock price also began to rise, hitting a high of $76.36 per share in August last year, and Buffett began to gradually buy Occidental Petroleum. Meanwhile, in August last year, Berkshire received regulatory approval to buy up to 50% of Occidental Petroleum shares.</p><p>However, at this year's shareholder meeting, Buffett said: \"We won't make any offer to control Occidental Petroleum, but we like the shares we own and are satisfied with our current shareholding. We may or may not buy more Occidental Petroleum shares in the future. We have a large number of warrants for Occidental Petroleum shares obtained in the original transaction, about $59 per share, and the warrants last for a long time. I am glad we have these.\"</p><p>At the same time, Buffett also said that he very much likes Occidental Petroleum's resources and industry status in the Permian Basin, likes the company's management very much, and is familiar with them.</p><p>Since the beginning of this year, central banks around the world have continued to conduct rate hike, and economic recession expectations have affected oil prices. Despite OPEC's announcement of production cuts, oil prices are still falling all the way, and Goldman Sachs, a major Wall Street bank, has also lowered its future oil price forecast three times. The latest WTI August crude oil futures were at $69.86/barrel, and Brent August crude oil futures were at $74.34/barrel.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dcf6eb4e3d60ea1e8767212de2602e8e\" tg-width=\"760\" tg-height=\"141\"/></p><p>Occidental Petroleum's share price began to fluctuate lower, falling 6.54% so far this year, which is generally consistent with the performance of the S&P 500 Energy Index.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fdf60386b663021f26ee4a067e0468ba\" tg-width=\"1832\" tg-height=\"867\"/></p><p>To sum up,<strong>For most of the past year, when the stock price of Occidental Petroleum fell below $60, Buffett would choose to buy, and the exercise price of the warrants held by Buffett did not exceed $60. This may be Buffett An anchor price for buying Occidental Petroleum.</strong></p><p></body></html></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Buffett increased his position in Occidental Petroleum again! The shareholding ratio rises to 25%, what is the logic of buying under $60?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBuffett increased his position in Occidental Petroleum again! The shareholding ratio rises to 25%, what is the logic of buying under $60?\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/3\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/5d7d04eb4f16b0013ed2c39f71b84b6c);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">格隆汇投资学苑 </p>\n<p class=\"h-time smaller\">2023-06-30 11:52</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Less than a month later, it increased its holdings again. On Wednesday local time, Berkshire Hathaway, a subsidiary of \"stock god\" Buffett, said it had acquired more shares of Occidental Petroleum and increased its stake in it to more than 25%.</p><p>Affected by this, Occidental Petroleum closed up 1.84% at $58.52 per share.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/470487d76d9e2b5856ba19affc496223\" tg-width=\"560\" tg-height=\"240\"/></p><p><strong>Preferred shares reduced to $9.2 billion</strong></p><p>A document from the regulatory agency shows that,<strong>Between June 26 and 28, Berkshire paid approximately $122.1 million to buy 2.14 million Occidental Petroleum shares, with an average purchase price of approximately $57.05 per share.<br/></strong></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/39e9f1f15655edac7cf7d109b9a3e9e6\" tg-width=\"959\" tg-height=\"714\"/></p><p>The last time Buffett bought Occidental Petroleum was on May 30 this year, when Berkshire also bought about 4.66 million shares of Occidental Company. This also means that Buffett chose to increase his holdings in less than a month.</p><p>As of now, Berkshire Hathaway holds 224.1 million shares of Occidental Petroleum, a position worth about $12.9 billion based on Wednesday's closing price, or a 25.1% stake. If you add the 83.86 million unexercised common stock warrants, Berkshire's shareholding ratio will be as high as 32.4%.</p><p><strong>The filing also shows that Occidental recently redeemed about $160 million of Berkshire's 8% Dividend preferred shares holdings, paying a 10% premium for it. Following the latest redemption, Berkshire now holds about $9.2 billion in Occidental preferred shares.</strong></p><p><strong>Buy under $60</strong></p><p><p style=\"text-align: left;\"><strong>Looking back on Buffett's history with Occidental Petroleum,</strong>In April 2019, with the support of Buffett's $10 billion funding, Occidental Petroleum successfully acquired Anadarko for $38 billion.</p><p><strong>Buffett also received $10 billion in Occidental Petroleum preferred shares, with a Dividend rate of 8%, and attached warrants for common stock, allowing him to buy 83.86 million shares at a price of $59.62.</strong></p><p>In the second half of 2019, the stock price of Occidental Petroleum fell sharply, and Buffett took the opportunity to increase his position. Buffett bought a total of 18.93 million shares of Occidental Petroleum from the secondary market (excluding preferred shares of US $10 billion), and the purchase cost was about 43.8 US dollars, costing about 830 million US dollars in total.</p><p>However, in the first quarter of 2020, when the new crown broke out, crude oil prices plummeted, and even negative oil prices occurred. Occidental Petroleum's stock price also followed suit, falling to US $8.38 per share at one point.</p><p>In the second quarter, Buffett liquidated all Occidental Petroleum's positions. If Occidental Petroleum's average stock price in the quarter was US $14.7, the loss would be approximately US $550 million.</p><p>Last year, the conflict between Russia and Ukraine broke out, triggering an imbalance between oil supply and demand, and international oil prices rose sharply. Brent crude oil futures once hit US $133.12/barrel, and WTI crude oil futures once hit US $130.5/barrel.</p><p>Occidental Petroleum's stock price also began to rise, hitting a high of $76.36 per share in August last year, and Buffett began to gradually buy Occidental Petroleum. Meanwhile, in August last year, Berkshire received regulatory approval to buy up to 50% of Occidental Petroleum shares.</p><p>However, at this year's shareholder meeting, Buffett said: \"We won't make any offer to control Occidental Petroleum, but we like the shares we own and are satisfied with our current shareholding. We may or may not buy more Occidental Petroleum shares in the future. We have a large number of warrants for Occidental Petroleum shares obtained in the original transaction, about $59 per share, and the warrants last for a long time. I am glad we have these.\"</p><p>At the same time, Buffett also said that he very much likes Occidental Petroleum's resources and industry status in the Permian Basin, likes the company's management very much, and is familiar with them.</p><p>Since the beginning of this year, central banks around the world have continued to conduct rate hike, and economic recession expectations have affected oil prices. Despite OPEC's announcement of production cuts, oil prices are still falling all the way, and Goldman Sachs, a major Wall Street bank, has also lowered its future oil price forecast three times. The latest WTI August crude oil futures were at $69.86/barrel, and Brent August crude oil futures were at $74.34/barrel.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dcf6eb4e3d60ea1e8767212de2602e8e\" tg-width=\"760\" tg-height=\"141\"/></p><p>Occidental Petroleum's share price began to fluctuate lower, falling 6.54% so far this year, which is generally consistent with the performance of the S&P 500 Energy Index.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fdf60386b663021f26ee4a067e0468ba\" tg-width=\"1832\" tg-height=\"867\"/></p><p>To sum up,<strong>For most of the past year, when the stock price of Occidental Petroleum fell below $60, Buffett would choose to buy, and the exercise price of the warrants held by Buffett did not exceed $60. This may be Buffett An anchor price for buying Occidental Petroleum.</strong></p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/f3ecc14db02762fcb82cdbb76e654301","relate_stocks":{"OXY":"西方石油"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1124255353","content_text":"不到一个月又再增持当地时间周三，“股神”巴菲特旗下的伯克希尔哈撒韦公司表示，已收购西方石油公司更多股份，对其的持有股份提高至25%以上。受此影响，西方石油收涨1.84%，报58.52美元/股。优先股减少至92亿美元监管机构的一份文件显示，6月26日-28日期间，伯克希尔支付了约1.221亿美元购买了214万股西方石油股票，平均买入价格为每股约57.05美元。巴菲特上一次买入西方石油还是在今年5月30日，当时，伯克希尔还购买了约466万股西方公司股票。这也意味着，巴菲特在不到一个月的时间内又选择了增持。截至目前，伯克希尔哈撒韦公司持有西方石油公司2.241亿股股票，根据周三收盘价计算，该持仓价值约129亿美元，持股比例为25.1%。如果再加上还未行权的8386万股的普通股认股权证，伯克希尔的持股比例将高达32.4%。文件还显示，西方石油公司最近赎回了伯克希尔哈撒韦公司持有的约1.6亿美元的股息率为8%的优先股，为此支付了10%的溢价。最新的赎回后，伯克希尔目前持有约92亿美元的西方石油优先股。60美元以下买入回顾巴菲特与西方石油的历程，2019年4月，在巴菲特100亿美元资金的支持下，西方石油成功以380亿美元收购阿纳达科。而巴菲特也获得了100亿美元的西方石油优先股，股息率为8%，并附加了普通股的认股权证，能以59.62美元的价格购买8386万股股票。2019年下半年，西方石油股价大幅下挫，巴菲特趁机加仓，巴菲特从二级市场买入西方石油总股数为1893万股（不包括100亿美元的优先股），买入成本价约43.8美元，共耗资约8.3亿美元。然而，2020年一季度，新冠爆发，原油价格暴跌，甚至出现负油价的情况，西方石油股价也跟随走低，一度跌至8.38美元/股。随后二季度，巴菲特将西方石油全部清仓，若以西方石油当季度股价平均值14.7美元，亏损约5.5亿美元。去年，俄乌冲突爆发，引发石油供需不平衡，国际油价大幅上涨，布伦特原油期货一度触及133.12美元/桶，WTI原油期货一度到达130.5美元/桶。西方石油股价也开始上涨，去年8月触及高点76.36美元/股，巴菲特开始逐步买入西方石油。同时，去年8月，伯克希尔获得监管部门的批准，可以购买最多达50%的西方石油股份。不过，在今年的股东大会上，巴菲特表示：“我们不会提出任何控制西方石油的要约，但我们喜欢所拥有的股票，对现在的持股量很满意。我们将来可能会、也可能不会，买入更多的西方石油股票。我们有在原始交易中获得的大量西方石油股票的认股权证，大约每股59美元，而且认股权证的持续时间很长，我很高兴我们有这些。”同时，巴菲特还表示，非常喜欢西方石油在二叠纪盆地的资源和行业地位，非常喜欢公司的管理层，对他们也很熟悉。今年以来，全球央行持续加息，经济衰退预期影响油价。尽管OPEC宣布减产，但油价仍然在一路下跌，华尔街大行高盛也3次下调未来油价预测值。最新的WTI 8月原油期货报69.86美元/桶，布伦特8月原油期货报74.34美元/桶。西方石油股价开始震荡走低，今年迄今累计下跌6.54%，与标准普尔500指数能源指数的表现大体一致。总结来看，在过去一年的大部分时间里，当西方石油股价跌至60美元以下时，巴菲特就会选择买入，而巴菲特持有的认股权证的行权价格也并未超过60美元，这可能就是巴菲特买入西方石油的一个锚定价格。","news_type":1,"symbols_score_info":{"OXY":1.1}},"isVote":1,"tweetType":1,"viewCount":554,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9078610262,"gmtCreate":1657676497956,"gmtModify":1676536044478,"author":{"id":"3569891093445397","authorId":"3569891093445397","name":"Kiankai","avatar":"https://community-static.tradeup.com/news/1b4103bb022b2adef8e12b33cba4c995","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569891093445397","authorIdStr":"3569891093445397"},"themes":[],"htmlText":"Haha","listText":"Haha","text":"Haha","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9078610262","repostId":"2250394354","repostType":4,"isVote":1,"tweetType":1,"viewCount":536,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9025859033,"gmtCreate":1653661176522,"gmtModify":1676535323008,"author":{"id":"3569891093445397","authorId":"3569891093445397","name":"Kiankai","avatar":"https://community-static.tradeup.com/news/1b4103bb022b2adef8e12b33cba4c995","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569891093445397","authorIdStr":"3569891093445397"},"themes":[],"htmlText":"Good&nbsp;","listText":"Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9025859033","repostId":"2238938866","repostType":4,"repost":{"id":"2238938866","kind":"highlight","pubTimestamp":1653618060,"share":"https://ttm.financial/m/news/2238938866?lang=en_US&edition=fundamental","pubTime":"2022-05-27 10:21","market":"us","language":"zh","title":"Interpretation of financial report | The stock price rose sharply after the financial report, maybe Ali himself did not expect it","url":"https://stock-news.laohu8.com/highlight/detail?id=2238938866","media":"真探AlphaSeeker","summary":"在不确定性弥漫、低预期的市场环境里，一份超预期财报可能带来意料之外的股价提振，尤其是对于一个股价已从高点跌去70%的巨头来说。5月26日，阿里巴巴发布截至2022年3月31日的2022财年四季度(即2","content":"<p><html><head></head><body>In a market environment with pervasive uncertainty and low expectations, an unexpected financial report may bring an unexpected stock price boost, especially for a giant whose stock price has fallen by 70% from its high point.</p><p>May 26th,<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>Release the financial report for the fourth quarter of fiscal year 2022 (i.e. Q1 2022) and the full year ending March 31, 2022. The financial report shows:</p><p><ul><li>Alibaba's total revenue for the quarter reached 204.052 billion yuan (unless specified, the units are all RMB), a year-on-year increase of 9%, exceeding analysts' expectations of 200.664 billion yuan;</p><p></li><li>Adjusted EBITA was 15.811 billion yuan, a year-on-year decrease of 30%, higher than market expectations of 15.3 billion yuan.</p><p></li></ul><img src=\"https://static.tigerbbs.com/7085fd5090a08302dc5d551cb5657b45\" tg-width=\"1070\" tg-height=\"674\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>After the financial report was released, Alibaba's management said in the earnings conference call,<b>Due to the resurgence of the epidemic in the Mainland since March, the domestic business has been significantly affected. Considering the risks and uncertainties brought by the epidemic that are uncontrollable and difficult to predict, no financial guidance for this year will be provided.</b></p><p>In the past, it was difficult for such financial performance and expectations to ignite investors' enthusiasm, but considering the pressure of the general environment and the frequent occurrence of thunderstorms in giant financial reports, Alibaba still brought some surprises to the market. As of the close of trading on May 26, Eastern Time, Alibaba's stock price rose nearly 15%.</p><p><b>The epidemic drags down GMV but users perform well</b></p><p>The China commercial segment is the basic business of Alibaba. In Q4 of fiscal year 22, the growth rate of this business was only 8%, which was lower than the 9% growth rate of total revenue.</p><p>Looking at the performance apart, some of the segmented businesses under China's commercial segment are under pressure on growth, but some of them have a good growth momentum.</p><p>In terms of Taobao and Tmall, its GMV remained stable in January and February, but fell back in March, mainly due to the disruption of supply chain and logistics caused by the impact of the epidemic, as well as reduced demand; Taote's order growth from January to March 2022 has also slowed down due to the epidemic.<b>Ali</b><b>Executive</b><b>In the earnings conference call, it was stated that GMV may drop by more than 10% in April, and as the epidemic situation in Shanghai eases, there will be improvement starting in May.</b></p><p>The growth is Taocaicai, direct sales and other businesses, and Chinese wholesale businesses. Among them, Taocaicai's GMV achieved month-on-month growth from January to March, mainly due to the increase in average order price; Direct sales and other businesses increased by 14% year-on-year, mainly due to<a href=\"https://laohu8.com/S/06808\">Sun Art Retail</a>Driven by the growth of Tmall Supermarket and Hema business; China's wholesale business grew by 30%, mainly due to the increase in value-added service revenue.</p><p>The management also pointed out in the earnings conference call that under the influence of the epidemic, users' consumption habits have changed significantly, the demand for fashion and consumer electronics products has decreased, while the demand for food, fast food and daily necessities has increased significantly, and emerging categories such as fitness and outdoor have grown rapidly.. At the same time, due to the obvious tendency of users to hoard goods, the unit price of Alibaba's \"near-field retail\" has been significantly increased.</p><p><img src=\"https://static.tigerbbs.com/19728b4bc58a5f7b6575904dde863032\" tg-width=\"1080\" tg-height=\"404\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>FY22 Q4 China Business Segment Revenue Source: Alibaba Financial Report</p><p>In terms of users, throughout fiscal year 2022, the performance of the Chinese commercial segment in attracting new users and maintaining user stickiness deserves attention.</p><p>The financial report shows that in the 12 months ended March 31, 2022, China's commercial business had a total of 903 million annual active consumers, with year-on-year and month-on-month net increases of 89 million and 21 million respectively. Alibaba attributes the robustness of user data to the fact that its APP matrix creates personalized and immersive interactive experiences for different consumption scenarios and formats, so as to attract and retain user groups with different backgrounds and shopping behaviors.</p><p>The user data of various segmented businesses also confirms this point. In terms of high-net-worth users, on the Taobao and Tmall platforms in fiscal year 2022, more than 124 million annual active consumers will spend more than 10,000 yuan per capita on Taobao and Tmall; Among the annual active consumers who spent more than 10,000 yuan in the previous fiscal year, 98% continued to be active this fiscal year. In the sinking market, Taote's annual active consumers exceed 300 million. In fiscal year 2022, the proportion of new annual active consumers from underdeveloped regions in the entire Chinese business segment will continue to exceed 70% of the total new number.</p><p>Alibaba's thinking for China's commercial segment mainly focuses on new businesses and consumer/merchant experience: continuous investment in new businesses such as Taocaicai and Taote, especially in the fulfillment network; Since Dai Shan took office this year, she has also adjusted the core strategy of Taobao and Tmall-including integrating Taobao and Tmall, improving the strategic position of Taobao live broadcast and shopping, improving consumer experience and the certainty of business operations.</p><p><b>Local life growth leads but losses remain</b></p><p>In the first three months of 2022, against the background of only single-digit growth in overall revenue, the local lifestyle business including Ele.me, AutoNavi, Fliggy and Taoxianda grew by 29% year-on-year, ahead of all other businesses.</p><p>Among them, the \"home business\" Ele.me has increased its average order amount in the second half of fiscal year 2022 because it focuses on user retention and operational efficiency improvements in key cities; At the same time, the order volume from non-meals (fresh food and medicines) also increased significantly due to the holiday marketing promotion. Benefiting from the increase in user transaction volume and loyalty of AutoNavi, the growth of \"to destination\" AutoNavi and Fliggy businesses is relatively significant.</p><p>In terms of profitability, the adjusted EBITA loss of the local life service segment narrowed this quarter, from 6.633 billion yuan to 5.483 billion yuan, but the loss rate was still as high as 52%, making it the segment with the most serious losses except innovative businesses..</p><p><img src=\"https://static.tigerbbs.com/3661f251e8b9c9605f2634ba225926b3\" tg-width=\"1080\" tg-height=\"276\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Financial performance of Alibaba's segments in Q4 of fiscal year 22, source: Alibaba Financial Report</p><p>In addition, due to the impact of COVID-19 pandemic in March, the orders of Fliggy and Ele.me declined, and the growth rate of AutoNavi's orders also slowed down.</p><p><b>International business is under pressure both inside and outside</b></p><p>In the first three months of 2022, the growth rate of Alibaba's international business segment will be 7%, and it is mainly the international retail business that will slow down the growth rate of this business.</p><p>The financial report shows that the growth rate of this business from January to March was only 4%, and the year-on-year growth rate slowed down on the one hand because Trendyol's revenue was negatively affected by the depreciation of the Turkish lira against the RMB exchange rate; In the European market, AliExpress orders are continuously affected by the revision of EU value-added tax regulations and the impact of the Russia-Ukraine conflict on the supply chain. During the earnings conference call, Alibaba's management also pointed out that the easing of the epidemic in Southeast Asia has allowed offline consumption to recover, and Lazada's business has been impacted in the region.</p><p>The international wholesale commerce business under the international commerce segment grew by 13% year-on-year in the first three months of 2022, which was higher than the overall growth rate of international commerce, mainly due to the increase in revenue from value-added services related to cross-border business, and the increase in the number of paid members from Alibaba.com.</p><p>However, due to the slowdown in China's export growth and the impact of the epidemic on the supply chain, the year-on-year growth rate of international wholesale commercial business has slowed down compared with previous quarters.</p><p><img src=\"https://static.tigerbbs.com/bb8a6c8ba5881508d799524a4794b2a0\" tg-width=\"1080\" tg-height=\"143\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>FY22 Q4 International Business Segment Revenue Source: Alibaba Financial Report</p><p><b>Cloud business growth slows down and achieves first annual profit</b></p><p>The cloud business has not escaped the impact of the pandemic.</p><p>From January to March, the growth rate of cloud business including Alibaba Cloud and DingTalk slowed down. In the three months ending March 31, 2022, the revenue of cloud business after offsetting the impact of cross-segment transactions was 18.971 billion yuan. A year-on-year increase of only 12%, lower than the 20% growth rate in the previous quarter; Excluding the impact of losing a single large customer (i.e. ByteDance's international business), the cloud business grew 15% year-over-year in the quarter after offsetting the impact of cross-segment transactions.</p><p><b>The customers of Alibaba's cloud business come from all walks of life, and whether its growth is strong or not is mainly related to the needs of the customers' industries.</b>For example, from January to March 2022, the growth of cloud business performance was mainly driven by the growth of telecommunications, financial services and retail industries, while the demand from customers in the Internet industry was weak, especially the revenue from customers in Internet vertical industries such as online education and entertainment declined, offsetting this growth.</p><p>Because of economies of scale, the cloud business achieved adjusted EBTIA profitability from January to March; At the same time, in fiscal year 2022, the cloud business also achieved its first annual profit in 13 years. In the previous fiscal year, the adjusted EBITA loss of the business was 2.251 billion yuan, and in fiscal year 2022, it made a profit of 1.146 billion yuan.</p><p><b>Cainiao's entertainment and innovation business revenue declined</b></p><p>The growth rate of Cainiao Network in the first three months of 2022 is 16%, second only to Local Life. The rapid growth of Cainiao mainly comes from the logistics fulfillment solutions and value-added services provided for Chinese retail commercial businesses such as Tmall, Taobao and Taote; In addition, the growth of external revenue is also the driving factor for Cainiao's growth. From January to March 2022, revenue from external merchants will increase by more than 30% year-on-year.</p><p>The big entertainment sector and \"innovation and others\" are the only sectors whose performance has declined in Alibaba.</p><p>According to the financial report, the revenue of \"digital media and entertainment\" in the first three months of 2022 will be 8.005 billion yuan, a year-on-year decrease of 1%. At the same time, due to the control of content and production investment, the adjusted EBITA loss of this business narrowed from 2.698 billion yuan in the same period last year to 1.966 billion yuan.</p><p>The revenue of the \"innovation and others\" business, including Tmall Genie and Dharma Academy, in the quarter was 384 million yuan, a year-on-year decrease of 35%, and the adjusted EBITA loss also expanded from 1.648 billion yuan in the same period last year to 2.452 billion yuan, equivalent to nearly 7 times the revenue.</p><p><img src=\"https://static.tigerbbs.com/b3ef87c59b971d3d17bd78b6c8d207e5\" tg-width=\"1080\" tg-height=\"59\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Q4 entertainment and innovation business revenue in fiscal year 22 Source: Alibaba Financial Report</p><p>At the beginning of 2022, a series of uncertain factors at home and abroad will follow one after another, impacting the performance of domestic Internet giants-the growth rate is generally slowing down and profits are under pressure.</p><p>Alibaba is one of them. In fact, Alibaba's performance has been under pressure since last year due to multiple internal and external factors. In order to cope with successive challenges, Alibaba has been adjusting its internal structure and development strategy. In December last year, Alibaba announced that it would re-divide its business logic according to domestic and foreign logic. Dai Shan and Jiang Fan took over Ali's domestic business and foreign business respectively.</p><p>In the conference call, Ali executives emphasized that the company will continue to reduce costs and increase efficiency in the coming year, including shutting down and transferring businesses with insignificant long-term value; According to the different nature of the business, formulate cost reduction and efficiency improvement goals, such as increasing gross profit of direct business, increasing efficiency of logistics business, and controlling marketing expenses.</p><p>Faced with an uncertain future, Ali can only look for certainty from himself.</p><p></body></html></p>","source":"lsy1630457571390","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Interpretation of financial report | The stock price rose sharply after the financial report, maybe Ali himself did not expect it</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nInterpretation of financial report | The stock price rose sharply after the financial report, maybe Ali himself did not expect it\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">真探AlphaSeeker</strong><span class=\"h-time small\">2022-05-27 10:21</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>In a market environment with pervasive uncertainty and low expectations, an unexpected financial report may bring an unexpected stock price boost, especially for a giant whose stock price has fallen by 70% from its high point.</p><p>May 26th,<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>Release the financial report for the fourth quarter of fiscal year 2022 (i.e. Q1 2022) and the full year ending March 31, 2022. The financial report shows:</p><p><ul><li>Alibaba's total revenue for the quarter reached 204.052 billion yuan (unless specified, the units are all RMB), a year-on-year increase of 9%, exceeding analysts' expectations of 200.664 billion yuan;</p><p></li><li>Adjusted EBITA was 15.811 billion yuan, a year-on-year decrease of 30%, higher than market expectations of 15.3 billion yuan.</p><p></li></ul><img src=\"https://static.tigerbbs.com/7085fd5090a08302dc5d551cb5657b45\" tg-width=\"1070\" tg-height=\"674\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>After the financial report was released, Alibaba's management said in the earnings conference call,<b>Due to the resurgence of the epidemic in the Mainland since March, the domestic business has been significantly affected. Considering the risks and uncertainties brought by the epidemic that are uncontrollable and difficult to predict, no financial guidance for this year will be provided.</b></p><p>In the past, it was difficult for such financial performance and expectations to ignite investors' enthusiasm, but considering the pressure of the general environment and the frequent occurrence of thunderstorms in giant financial reports, Alibaba still brought some surprises to the market. As of the close of trading on May 26, Eastern Time, Alibaba's stock price rose nearly 15%.</p><p><b>The epidemic drags down GMV but users perform well</b></p><p>The China commercial segment is the basic business of Alibaba. In Q4 of fiscal year 22, the growth rate of this business was only 8%, which was lower than the 9% growth rate of total revenue.</p><p>Looking at the performance apart, some of the segmented businesses under China's commercial segment are under pressure on growth, but some of them have a good growth momentum.</p><p>In terms of Taobao and Tmall, its GMV remained stable in January and February, but fell back in March, mainly due to the disruption of supply chain and logistics caused by the impact of the epidemic, as well as reduced demand; Taote's order growth from January to March 2022 has also slowed down due to the epidemic.<b>Ali</b><b>Executive</b><b>In the earnings conference call, it was stated that GMV may drop by more than 10% in April, and as the epidemic situation in Shanghai eases, there will be improvement starting in May.</b></p><p>The growth is Taocaicai, direct sales and other businesses, and Chinese wholesale businesses. Among them, Taocaicai's GMV achieved month-on-month growth from January to March, mainly due to the increase in average order price; Direct sales and other businesses increased by 14% year-on-year, mainly due to<a href=\"https://laohu8.com/S/06808\">Sun Art Retail</a>Driven by the growth of Tmall Supermarket and Hema business; China's wholesale business grew by 30%, mainly due to the increase in value-added service revenue.</p><p>The management also pointed out in the earnings conference call that under the influence of the epidemic, users' consumption habits have changed significantly, the demand for fashion and consumer electronics products has decreased, while the demand for food, fast food and daily necessities has increased significantly, and emerging categories such as fitness and outdoor have grown rapidly.. At the same time, due to the obvious tendency of users to hoard goods, the unit price of Alibaba's \"near-field retail\" has been significantly increased.</p><p><img src=\"https://static.tigerbbs.com/19728b4bc58a5f7b6575904dde863032\" tg-width=\"1080\" tg-height=\"404\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>FY22 Q4 China Business Segment Revenue Source: Alibaba Financial Report</p><p>In terms of users, throughout fiscal year 2022, the performance of the Chinese commercial segment in attracting new users and maintaining user stickiness deserves attention.</p><p>The financial report shows that in the 12 months ended March 31, 2022, China's commercial business had a total of 903 million annual active consumers, with year-on-year and month-on-month net increases of 89 million and 21 million respectively. Alibaba attributes the robustness of user data to the fact that its APP matrix creates personalized and immersive interactive experiences for different consumption scenarios and formats, so as to attract and retain user groups with different backgrounds and shopping behaviors.</p><p>The user data of various segmented businesses also confirms this point. In terms of high-net-worth users, on the Taobao and Tmall platforms in fiscal year 2022, more than 124 million annual active consumers will spend more than 10,000 yuan per capita on Taobao and Tmall; Among the annual active consumers who spent more than 10,000 yuan in the previous fiscal year, 98% continued to be active this fiscal year. In the sinking market, Taote's annual active consumers exceed 300 million. In fiscal year 2022, the proportion of new annual active consumers from underdeveloped regions in the entire Chinese business segment will continue to exceed 70% of the total new number.</p><p>Alibaba's thinking for China's commercial segment mainly focuses on new businesses and consumer/merchant experience: continuous investment in new businesses such as Taocaicai and Taote, especially in the fulfillment network; Since Dai Shan took office this year, she has also adjusted the core strategy of Taobao and Tmall-including integrating Taobao and Tmall, improving the strategic position of Taobao live broadcast and shopping, improving consumer experience and the certainty of business operations.</p><p><b>Local life growth leads but losses remain</b></p><p>In the first three months of 2022, against the background of only single-digit growth in overall revenue, the local lifestyle business including Ele.me, AutoNavi, Fliggy and Taoxianda grew by 29% year-on-year, ahead of all other businesses.</p><p>Among them, the \"home business\" Ele.me has increased its average order amount in the second half of fiscal year 2022 because it focuses on user retention and operational efficiency improvements in key cities; At the same time, the order volume from non-meals (fresh food and medicines) also increased significantly due to the holiday marketing promotion. Benefiting from the increase in user transaction volume and loyalty of AutoNavi, the growth of \"to destination\" AutoNavi and Fliggy businesses is relatively significant.</p><p>In terms of profitability, the adjusted EBITA loss of the local life service segment narrowed this quarter, from 6.633 billion yuan to 5.483 billion yuan, but the loss rate was still as high as 52%, making it the segment with the most serious losses except innovative businesses..</p><p><img src=\"https://static.tigerbbs.com/3661f251e8b9c9605f2634ba225926b3\" tg-width=\"1080\" tg-height=\"276\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Financial performance of Alibaba's segments in Q4 of fiscal year 22, source: Alibaba Financial Report</p><p>In addition, due to the impact of COVID-19 pandemic in March, the orders of Fliggy and Ele.me declined, and the growth rate of AutoNavi's orders also slowed down.</p><p><b>International business is under pressure both inside and outside</b></p><p>In the first three months of 2022, the growth rate of Alibaba's international business segment will be 7%, and it is mainly the international retail business that will slow down the growth rate of this business.</p><p>The financial report shows that the growth rate of this business from January to March was only 4%, and the year-on-year growth rate slowed down on the one hand because Trendyol's revenue was negatively affected by the depreciation of the Turkish lira against the RMB exchange rate; In the European market, AliExpress orders are continuously affected by the revision of EU value-added tax regulations and the impact of the Russia-Ukraine conflict on the supply chain. During the earnings conference call, Alibaba's management also pointed out that the easing of the epidemic in Southeast Asia has allowed offline consumption to recover, and Lazada's business has been impacted in the region.</p><p>The international wholesale commerce business under the international commerce segment grew by 13% year-on-year in the first three months of 2022, which was higher than the overall growth rate of international commerce, mainly due to the increase in revenue from value-added services related to cross-border business, and the increase in the number of paid members from Alibaba.com.</p><p>However, due to the slowdown in China's export growth and the impact of the epidemic on the supply chain, the year-on-year growth rate of international wholesale commercial business has slowed down compared with previous quarters.</p><p><img src=\"https://static.tigerbbs.com/bb8a6c8ba5881508d799524a4794b2a0\" tg-width=\"1080\" tg-height=\"143\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>FY22 Q4 International Business Segment Revenue Source: Alibaba Financial Report</p><p><b>Cloud business growth slows down and achieves first annual profit</b></p><p>The cloud business has not escaped the impact of the pandemic.</p><p>From January to March, the growth rate of cloud business including Alibaba Cloud and DingTalk slowed down. In the three months ending March 31, 2022, the revenue of cloud business after offsetting the impact of cross-segment transactions was 18.971 billion yuan. A year-on-year increase of only 12%, lower than the 20% growth rate in the previous quarter; Excluding the impact of losing a single large customer (i.e. ByteDance's international business), the cloud business grew 15% year-over-year in the quarter after offsetting the impact of cross-segment transactions.</p><p><b>The customers of Alibaba's cloud business come from all walks of life, and whether its growth is strong or not is mainly related to the needs of the customers' industries.</b>For example, from January to March 2022, the growth of cloud business performance was mainly driven by the growth of telecommunications, financial services and retail industries, while the demand from customers in the Internet industry was weak, especially the revenue from customers in Internet vertical industries such as online education and entertainment declined, offsetting this growth.</p><p>Because of economies of scale, the cloud business achieved adjusted EBTIA profitability from January to March; At the same time, in fiscal year 2022, the cloud business also achieved its first annual profit in 13 years. In the previous fiscal year, the adjusted EBITA loss of the business was 2.251 billion yuan, and in fiscal year 2022, it made a profit of 1.146 billion yuan.</p><p><b>Cainiao's entertainment and innovation business revenue declined</b></p><p>The growth rate of Cainiao Network in the first three months of 2022 is 16%, second only to Local Life. The rapid growth of Cainiao mainly comes from the logistics fulfillment solutions and value-added services provided for Chinese retail commercial businesses such as Tmall, Taobao and Taote; In addition, the growth of external revenue is also the driving factor for Cainiao's growth. From January to March 2022, revenue from external merchants will increase by more than 30% year-on-year.</p><p>The big entertainment sector and \"innovation and others\" are the only sectors whose performance has declined in Alibaba.</p><p>According to the financial report, the revenue of \"digital media and entertainment\" in the first three months of 2022 will be 8.005 billion yuan, a year-on-year decrease of 1%. At the same time, due to the control of content and production investment, the adjusted EBITA loss of this business narrowed from 2.698 billion yuan in the same period last year to 1.966 billion yuan.</p><p>The revenue of the \"innovation and others\" business, including Tmall Genie and Dharma Academy, in the quarter was 384 million yuan, a year-on-year decrease of 35%, and the adjusted EBITA loss also expanded from 1.648 billion yuan in the same period last year to 2.452 billion yuan, equivalent to nearly 7 times the revenue.</p><p><img src=\"https://static.tigerbbs.com/b3ef87c59b971d3d17bd78b6c8d207e5\" tg-width=\"1080\" tg-height=\"59\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Q4 entertainment and innovation business revenue in fiscal year 22 Source: Alibaba Financial Report</p><p>At the beginning of 2022, a series of uncertain factors at home and abroad will follow one after another, impacting the performance of domestic Internet giants-the growth rate is generally slowing down and profits are under pressure.</p><p>Alibaba is one of them. In fact, Alibaba's performance has been under pressure since last year due to multiple internal and external factors. In order to cope with successive challenges, Alibaba has been adjusting its internal structure and development strategy. In December last year, Alibaba announced that it would re-divide its business logic according to domestic and foreign logic. Dai Shan and Jiang Fan took over Ali's domestic business and foreign business respectively.</p><p>In the conference call, Ali executives emphasized that the company will continue to reduce costs and increase efficiency in the coming year, including shutting down and transferring businesses with insignificant long-term value; According to the different nature of the business, formulate cost reduction and efficiency improvement goals, such as increasing gross profit of direct business, increasing efficiency of logistics business, and controlling marketing expenses.</p><p>Faced with an uncertain future, Ali can only look for certainty from himself.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://mp.weixin.qq.com/s/LSFb61YZ8vhcog0zp354tw\">真探AlphaSeeker</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/995418fbbbc235e75883dec898dccaa8","relate_stocks":{"BK1591":"就地过年概念","BK4503":"景林资产持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4122":"互联网与直销零售","BK4575":"芯片概念","BK4502":"阿里概念","BK4558":"双十一","BK1521":"挪威政府全球养老基金持仓","BK4505":"高瓴资本持仓","BK1586":"云计算","BK4535":"淡马锡持仓","BK4504":"桥水持仓","BK4538":"云计算","BK4579":"人工智能","BK4548":"巴美列捷福持仓","BK1142":"互联网与直销零售","BK4565":"NFT概念","BABA":"阿里巴巴","BK1588":"回港中概股","09988":"阿里巴巴-W","BK4524":"宅经济概念","BK4554":"元宇宙及AR概念","BK1517":"云办公","BK4581":"高盛持仓","BK1502":"双十一","QNETCN":"纳斯达克中美互联网老虎指数","BK1575":"同股不同权","BK1584":"蚂蚁金服概念","BK4527":"明星科技股","BK1608":"元宇宙概念","BK1501":"阿里概念股","BK4531":"中概回港概念","BK4526":"热门中概股","BK4534":"瑞士信贷持仓"},"source_url":"https://mp.weixin.qq.com/s/LSFb61YZ8vhcog0zp354tw","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2238938866","content_text":"在不确定性弥漫、低预期的市场环境里，一份超预期财报可能带来意料之外的股价提振，尤其是对于一个股价已从高点跌去70%的巨头来说。5月26日，阿里巴巴发布截至2022年3月31日的2022财年四季度(即2022年Q1)及全年财报。财报显示：阿里巴巴该季度总营收达到2040.52亿元(若无说明，单位均为人民币)，同比增长9%，超出分析师预期的2006.64亿元；经调整EBITA为158.11亿元，同比下降30%，高于市场预期的153亿元。财报发布后，阿里巴巴管理层在业绩电话会上表示，因内地3月起疫情重燃，国内业务受到重大影响，考虑到无法控制且难以预测疫情带来的风险和不确定性，不会提供今年财务指引。放在以前，这样的财务表现和预期很难点燃投资者热情，但考虑到大环境压力大、巨头财报暴雷时有发生，阿里巴巴还是让市场收获了一些惊喜。截至美东时间5月26日收盘，阿里巴巴的股价大涨近15%。疫情拖累GMV 但用户表现亮眼中国商业分部是阿里巴巴的业务基本盘，22财年Q4，该业务增速仅8%，低于总营收9%的增速。把业绩拆开看，中国商业分部下的几个细分业务有的增长承压，但有的增长势头较好。淘宝天猫方面，其GMV在1月和2月保持平稳，但在3月有所回落，主要是因为疫情影响导致供应链及物流中断，以及需求减少；淘特在2022年1-3月的订单增长也因为疫情有所放缓。阿里高管在财报电话会中表示，四月份GMV可能会有超过10%的下降，随着上海疫情缓和，5月开始会有改善现象。保持增长的是淘菜菜、直营及其他业务、以及中国批发商业。其中，淘菜菜GMV在1-3月实现环比增长，主要受惠于平均订单价格有所提高；直营及其他业务同比增长14%，主要是受到高鑫零售、天猫超市以及盒马业务的增长所驱动；中国批发商业增长30%，主要来自增值服务收入的提升。管理层在财报电话会中还指出，疫情影响下，用户的消费习惯发生明显变化，时尚、消费电子类产品需求减少，而食品快餐、生活用品的需求显著上升，健身及户外等新兴品类快速增长。同时，由于用户的囤货倾向明显，使得阿里巴巴“近场零售”的客单价得到显著提升。22财年Q4中国商业分部营收图源：阿里巴巴财报用户方面，整个2022财年，中国商业分部在吸引新用户、维持用户粘性方面的表现值得关注。财报显示，截至2022年3月31日的12个月里，中国商业业务年活跃消费者共计9.03亿，同比和环比净增长分别为8900万和2100万。阿里巴巴将用户数据的稳健归因为其APP矩阵为不同的消费场景和业态创造个性化、沉浸式的互动体验，从而能够吸引和留存不同背景及购物行为的用户群体。各项细分业务的用户数据也印证了这一点。高净值用户方面，2022财年淘宝天猫平台中，有超过1.24亿年度活跃消费者在淘宝和天猫人均消费超过10000元；在上一个财年消费超过10000元的年度活跃消费者中，98%在本财年继续保持活跃。下沉市场中，淘特的年度活跃消费者超过3亿，2022财年，整个中国商业分部中来自欠发达地区的新增年度活跃消费者比例持续超过总新增数量的70%。阿里巴巴对中国商业分部的思路主要围绕新业务、以及消费者/商家的体验：对淘菜菜和淘特等新业务进行持续投入，特别是对履约网络的持续投入；今年戴珊上任以来，其对淘宝天猫核心战略也进行了调整——包括融合淘宝天猫、提高淘宝直播和逛逛的战略地位、提升消费者体验以及商家经营的确定性等。本地生活增速领先但亏损依旧2022年前三个月，在总体营收仅个位数增长的大背景下，包括饿了么、高德、飞猪和淘鲜达在内的本地生活业务同比增长29%，领先于其他所有业务。其中，“到家业务”饿了么因为聚焦重点城市的用户留存和运营效率提升，使得其在2022财年下半年的平均订单金额增加；同时也因来自非餐(生鲜及药物)的订单量受益于节假日市场推广而增长显著。而受益于高德的用户交易量、忠诚度的提高，“到目的地”的高德和飞猪业务的增长都较为显著。盈利能力上，本季度本地生活服务分部的经调整EBITA亏损有所收窄，从66.33亿元减少到54.83亿元，但亏损率依然高达52%，是除创新业务外亏损最严重的分部。22财年Q4阿里巴巴各分部财务表现，图源：阿里巴巴财报此外，因3月份新冠疫情的影响，飞猪、饿了么的订单量有所下降，高德的订单量增速也有所放缓。国际商业内外承压2022年前三个月，阿里巴巴的国际商业分部增速为7%，拉低该业务增速的主要是国际零售商业业务。财报显示，该业务在1-3月增速仅为4%，同比增长率放缓一方面是由于Trendyol的收入受土耳其里拉对人民币汇率贬值的负面影响；欧洲市场方面，速卖通的订单受欧盟增值税税规修改的持续影响及俄乌冲突对供应链的影响。财报电话会中，阿里巴巴的管理层还指出，东南亚疫情缓和让线下消费有所恢复，Lazada的业务在该地区受到冲击。国际商业分部下的国际批发商业业务在2022年前三个月同比增长13%，高于国际商业的整体增速，这主要得益于跨境业务相关增值服务收入的增长，以及来自Alibaba.com付费会员数量的增加。不过，因为中国出口增长放缓、以及疫情影响供应链，国际批发商业业务的同比增速相比前几个季度有所放缓。22财年Q4国际商业分部营收图源：阿里巴巴财报云业务增速放缓 首次实现年度盈利云业务也没有逃过疫情的影响。1月到3月，包括阿里云和钉钉在内的云业务增速放缓，截至2022年3月31日的三个月，云业务抵消跨分部交易的影响后收入为189.71亿元，同比增长仅12%，低于上一季度20%的增速；如果不考虑失去单一大客户的影响(即字节跳动的国际业务)，该季度云业务抵消跨分部交易的影响后同比增长15%。阿里巴巴云业务的客户来自各行各业，其增长强劲与否，主要与客户所在行业的需求相关。例如，在2022年1月至3月，云业务业绩增长主要受到电讯、金融服务和零售行业的增长所推动，而互联网行业客户需求疲软、特别是来自在线教育和文娱等互联网垂直行业客户的收入下滑，抵消了这部分增长。因为规模经济效益，云业务在1月到3月实现经调整EBTIA盈利；同时，2022财年，云业务也实现13年来首次年度盈利，上一财年该业务经调整EBITA亏损22.51亿元，2022财年则盈利11.46亿元。菜鸟振翅 大文娱和创新业务收入下滑菜鸟网络在2022年前三个月增速为16%，仅次于本地生活。菜鸟的快速增长主要来自于为天猫、淘宝和淘特等中国零售商业业务提供的物流履约解决方案，以及增值服务；此外，外部收入的增长同样是菜鸟增长的驱动因素，2022年1-3月，来自外部商家的收入同比增长超过30%。大文娱板块和“创新及其他”，则是阿里巴巴唯二业绩下降的板块。根据财报，“数字媒体及娱乐”在截至2022年前三个月收入为80.05亿元，同比下降1%。同时，由于对内容及制作投资的控制，该业务的经调整EBITA亏损由上年同期的26.98亿元收窄为19.66亿元。包括天猫精灵、达摩院在内的“创新及其他”业务在该季度的收入为3.84亿元，同比下滑35%，经调整EBITA亏损也从上年同期的16.48亿元扩大到24.52亿元，相当于收入的近7倍。22财年Q4文娱和创新业务营收图源：阿里巴巴财报2022开年，国内外一系列不确定因素接踵而至，冲击着国内互联网巨头们的业绩——增速普遍放缓、利润承压。阿里巴巴也是其中之一。事实上，阿里巴巴的业绩自去年以来已经因为内外多重因素而受到压力，为了应对接连的挑战，阿里巴巴在内部架构、发展战略上的调整一直在进行。去年12月，阿里巴巴宣布将业务逻辑重新按照国内和国外的逻辑进行划分，戴珊和蒋凡分别接管阿里的国内业务和国外业务。在电话会中，阿里高管强调，公司将在未来一年里继续降本增效，包括将长期价值不明显的业务关停、并转；根据业务不同性质来制定降本增效目标，比如直营业务提高毛利、物流业务要增效、并控制市场营销费用等。面对不确定的未来，阿里只能从自身寻找确定性。","news_type":1,"symbols_score_info":{"QNETCN":0.6,"09988":0.6,"BABA":0.9}},"isVote":1,"tweetType":1,"viewCount":701,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}