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风雪腊梅

风雪腊梅

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2021-06-29

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Tesla put CATL to the "C position"

2021-06-15

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2021-06-12

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Tiger Securities helped BOSS Zhipin land on Nasdaq, opening up 75% on the first day

2021-06-12

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Tiger Securities helped BOSS Zhipin land on Nasdaq, opening up 75% on the first day

2021-05-25

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Market Summary: Nanshui exploded to buy A shares, and the "bull market standard bearer" pulled up across the board

2021-05-25

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520 said to break up, why was Nio "abandoned"?

2021-05-25

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Goldman Sachs raises CSPC (01093. HK) target price to 13.5 yuan, buy rating

2021-05-25

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The first trial-produced car rolls off the assembly line, Nio ET7 is about to enter mass production!

2021-05-25

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Nio rose sharply by 5.02% during the session

2021-05-25

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The winning rate of one lot of New Hope Service is 50.01%, and the subscription of 10 lots is stable

2021-05-25

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2021-05-24

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2021-05-24

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Opening: In cooperation with Tesla, lidar company Luminar rose more than 8%

2021-05-24

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2021-05-23

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2021-05-23

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Musk and former U.S. Treasury Secretary support cryptocurrency, Bitcoin quickly rises

2021-05-21

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Nvidia Q1 financial report preview: Under production capacity constraints, what kind of report card will it submit

2021-05-21

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2021-05-21

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JD Logistics has closed its IPO: overbought by more than 700 times, frozen capital by more than 550 billion Hong Kong dollars

2021-05-21

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Huawei to expand smart car partnership with Changan Automobile to develop chips

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20:55","market":"us","language":"zh","title":"Tesla put CATL to the \"C position\"","url":"https://stock-news.laohu8.com/highlight/detail?id=2147863759","media":"华尔街见闻","summary":"宁德时代最近成为新能源界的C位担当，一是因为董事长曾毓群暴涨的身价，二是因为和特斯拉的一纸电池合约。\n6月28日，宁德时代发布公告称，公司已与特斯拉签订协议，将在2022年1月至2025年12月期间，","content":"<p><a href=\"https://laohu8.com/S/300750\">Ningde era</a>Recently, he has become a C-level leader in the new energy industry. First, because of the skyrocketing value of Chairman Zeng Yuqun, and second, because he and<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>A battery contract.</p><p>On June 28, CATL announced that the company had signed an agreement with Tesla to supply lithium-ion power battery products to Tesla from January 2022 to December 2025, that is, in the next four years. The specific purchase situation is determined by Tesla in the form of orders, and the final sales amount must be subject to the actual settlement of the purchase order issued by Tesla.</p><p>In the future, Tesla's Model 3, Model Y and other models will use battery packs from CATL.</p><p><img src=\"https://static.tigerbbs.com/a713164f29f737032b723520c810364e\" tg-width=\"600\" tg-height=\"427\" referrerpolicy=\"no-referrer\"></p><p>Affected by this news, on June 29, Contemporary Amperex Technology Co., Limited's stock price hit a new high. The intraday stock price once reached 519.60 yuan per share, and the total market value exceeded 1.2 trillion yuan. As of the close, Contemporary Amperex Technology Co., Limited's share price closed at 508.51 yuan per share, an increase of 2.96%. Become the first technology stock in A-shares to enter the trillion-dollar club.</p><p>It is worth mentioning that since last year, CATL's stock price has been like a rocket, with its total market value rising from 0.23 trillion yuan to 1.18 trillion yuan, an increase of more than 4 times.</p><p>June 29th,<a href=\"https://laohu8.com/S/601995\">CICC</a>According to the evaluation of this cooperation, CATL's agreement with Tesla is stronger than the previous cooperation. Considering that the company's downstream demand exceeded expectations, CATL's profit forecast was raised and the target price was raised by 9% to 600 yuan. CICC also raised CATL's 2021-2023 profit forecast by 10%, 25% and 8% to 11 billion yuan, 20 billion yuan and 26.7 billion yuan respectively.</p><p><a href=\"https://laohu8.com/S/601555\">Soochow Securities</a>Recently, a research report was released saying that it maintains CATL's buy rating with a target price of 607.5 yuan. The reasons for its rating include: the strategic cooperation agreement with car companies is bound to battery production capacity, which can solve the bottleneck of battery supply and ensure that production capacity is not limited.</p><p>In addition, CICC analyst Zeng Tao and others pointed out in the report that the agreement did not stipulate the Chinese market, which means that CATL will take the opportunity to cooperate with Tesla's global market supply to accelerate its products to go global. Boosted by global demand, CATL's long-term global market share is expected to reach more than 30%.</p><p>This is another handshake between the two leading companies. For CATL, which has already reached a high market value of trillions, the deep binding with Tesla, the largest customer, is not only related to the installed battery capacity brought by this customer, but also an important ticket to break through the overseas power battery market.</p><p><h2><b>Secondary</b><b>\"Hand in Hand\"</b></h2>It is reported that in 2018, when Musk signed the Tesla Shanghai factory landing agreement, he secretly met with Zeng Yuqun, chairman of CATL, but the two parties did not reach a substantive agreement.</p><p>At the \"2019 World Artificial Intelligence Conference\", the two met again and finalized their cooperation intention in more than 40 minutes.</p><p>In February 2020, a contract truly brought together two leading companies in new car manufacturing and power batteries. At that time, Contemporary Amperex Technology Co., Limited signed the \"Production Pricing Agreement (China)\" with Tesla, and planned to supply lithium-ion power battery products to Tesla from July 2020 to June 2022.</p><p>According to this contract, CATL supplies batteries for Tesla's Model 3 produced in Shanghai. At the beginning of 2021, after Tesla launches Model Y, the scope of cooperation between the two parties is also expected to be further expanded.</p><p>On June 25 this year, on the basis of this agreement, the two parties signed the above-mentioned cooperation framework agreement \"Production Pricing Agreement\". The agreement stipulates that CATL plans to supply lithium-ion power battery products to Tesla in the next four years. Some analysts believe that the difference between the two cooperation framework agreements lies in the removal of \"China\", which indicates that this supply agreement will cover the whole world.</p><p>The further deepening of cooperation between the two sides has actually long been predicted.</p><p>On June 3, Reuters quoted people familiar with the matter as saying that CATL plans to build a new large-scale power battery factory in Shanghai to provide half of Tesla's global batteries for electric vehicles and rooftop energy storage.</p><p>There are rumors that the annual production capacity of the Shanghai factory will reach 80GWh, while CATL's existing production capacity is 69.1 GWh and 77.5 GWh of production capacity is under construction.</p><p>In addition, the \"Oolong Incident\" that occurred recently in the Ningde era is also related to Tesla. Recently, someone who claimed to be an employee of Ningde Times broke the news that Ningde Times forced manager-level employees to buy Tesla Model 3. Some employees said that the company launched a discount to buy Tesla in order to clear the \"battery problem\" Tesla inventory.</p><p>Contemporary Amperex Technology Co., Limited stated that there were no quality problems and no mandatory purchases. \"Regarding employees' purchase of Tesla, the company encourages employees to buy electric vehicles at preferential prices in order to promote comprehensive electrification. There is no mandate, nor is it limited to Tesla, including most of the brands it supplies. It is said that this activity has lasted for three years. Year, last year was during National Day.\"</p><p><h2><b>\"Binding\" deepens</b></h2>Regardless of the oolong incident, the relationship between Tesla and CATL is being further tied.</p><p>Contemporary Amperex Technology Co., Limited's 2021 Q1 financial report shows that the company's sales to the top five customers accounted for 41.08% of the current receivables, and the company's main customers are large domestic and foreign car companies. The 2020 annual report shows that there is not much gap in sales between the company's third and fourth largest customers.</p><p><img src=\"https://static.tigerbbs.com/7b1d28e7bc0109ab77f6fbdfcfb26e8f\" tg-width=\"640\" tg-height=\"213\" referrerpolicy=\"no-referrer\"></p><p>According to Century Securities,<b>Calculated according to the installed caliber,</b><b>In 2020, Tesla was the third largest customer of CATL, and by the first quarter of 2021, Tesla became the largest customer.</b><img src=\"https://static.tigerbbs.com/71035fcd7b52b58275f0aaf4030589c9\" tg-width=\"640\" tg-height=\"232\" referrerpolicy=\"no-referrer\"></p><p>The binding between the two parties has deepened, not only because Tesla has become the largest customer. More importantly, Tesla is one of the important tickets for CATL to break through the overseas power battery market.</p><p>Previously, Jiang Li, deputy general manager and secretary of the board of directors of CATL, once said,<b>The cooperation between CATL and Tesla is not limited to China. The new contract may be the beginning of the power battery cooperation between the two parties going abroad.</b></p><p>Public data shows that CATL is already in the C position in terms of installed capacity of power batteries. In 2020, the effective catalog of new energy vehicles announced by the Ministry of Industry and Information Technology has more than 6,800 models, of which CATL has more than 3,400 models equipped with power batteries, accounting for the highest proportion among all power battery manufacturers.</p><p>CATL's advantages in global power battery competition are also further expanding.</p><p>According to the latest data from SNE Research, a Korean industry research organization, in the first quarter of 2021, global electric vehicle battery energy consumption was 47.8 GWh, a year-on-year increase of 127%. The substantial growth of CATL in the first quarter was the main driving force.</p><p>Data show that in the first quarter, CATL's battery installed capacity increased by 320.8% year-on-year to 15.1 GWh, and its market share expanded again from 25% in 2020 to 31.5%. Its largest competitors LG Chem and<a href=\"https://laohu8.com/S/PC\">Panasonic</a>Panasonic's market share dropped to 20.5% and 16.7% respectively, and Panasonic's market share dropped by nearly 10 percentage points within a year.</p><p>But the heights are too cold, and CATL still needs to face many competitors at home and abroad.</p><p>Overseas, companies such as LG Chem are eyeing up; At home,<a href=\"https://laohu8.com/S/002594\">BYD</a>Already poses a threat to the Ningde era. In March last year, BYD released a blade battery based on lithium iron phosphate material, and gradually opened it from self-use to third-party car companies.</p><p>Therefore, deepening the binding with Tesla at this time may have some benefits for CATL, both in terms of the installed capacity of power batteries and further enhancing the competitiveness of domestic and overseas markets.</p><p><h2><b>\"C-position\"</b><b>Challenge</b></h2>Although it is Tesla's battery contract that puts CATL to the C position this time, this trillion-dollar company has a very solid position in the field of new energy.</p><p>As the world's leading power battery supplier, CATL not only supplies new car representatives such as Tesla, but also cooperates with traditional car companies such as Mercedes-Benz and Honda. Three domestic new car manufacturers have also chosen CATL's power batteries.</p><p>Han<a href=\"https://laohu8.com/S/600617\">National New Energy</a>According to statistics from the analysis agency SNE, CATL has ranked first in the global power battery installed volume rankings for four consecutive years. Just in 2020, the global installed capacity of CATL's power batteries was 34GWh, with a market share of nearly a quarter.</p><p>With the popularity of the new energy sector, this behind-the-scenes giant has stepped forward since last year and gained capital attention. For example, clearance in 2020<a href=\"https://laohu8.com/S/NIO\">Nio</a>Later, Hillhouse Capital turned to CATL and subscribed for a fixed increase of 10 billion yuan.</p><p>Contemporary Amperex Technology Co., Limited, whose stock price has soared, has also attracted more investor attention. On May 21, Contemporary Amperex Technology Co., Limited also received a survey of 54 people from 33 institutional investors, including large Public Offering of Fund, foreign-funded institutions, and securities firm asset management. The topics that these institutional investors are concerned about are mainly the development of solid-state batteries, the company's three major strategic directions, and the layout of the photovoltaic field.</p><p>Contemporary Amperex Technology Co., Limited is not only recognized by the outside world, but its chairman Zeng Yuqun has also repeatedly ranked at the forefront of the Forbes rich list.</p><p>As of 11:30 a.m. on June 28, the real-time list of the Forbes Rich List showed that CATL Chairman Zeng Yuqun was worth US $44.7 billion (approximately 288.8 billion yuan), ranking 30th in the world. This is his first time in the top 30 of the list.</p><p>At the beginning of May, Zeng Yuqun successfully won the title of the richest man in Hong Kong. With a net worth of $34.5 billion, he shook the list of the richest man in Hong Kong, which has been dominated by the \"Lee family\" for more than 20 years. His personal wealth once surpassed that of Lee Shau Kee ($32.1 billion) and Li Ka-shing ($34.4 billion).</p><p>At that time, Zeng Yuqun's ranking on the global rich list rose to 42nd in the world, and now he has broken through into the top 30.</p><p>Within a year, CATL went out of the circle many times and attracted much attention in the primary and secondary markets. As the first A-share technology company with a market value of trillions, how long can CATL stand in the C position?</p>","source":"wallstreetcn_api","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>Tesla put CATL to the \"C position\"</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\">\nTesla put CATL to the \"C position\"\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">华尔街见闻</strong><span class=\"h-time small\">2021-06-29 20:55</span>\n</p>\n</h4>\n</header>\n<article>\n<p><a href=\"https://laohu8.com/S/300750\">Ningde era</a>Recently, he has become a C-level leader in the new energy industry. First, because of the skyrocketing value of Chairman Zeng Yuqun, and second, because he and<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>A battery contract.</p><p>On June 28, CATL announced that the company had signed an agreement with Tesla to supply lithium-ion power battery products to Tesla from January 2022 to December 2025, that is, in the next four years. The specific purchase situation is determined by Tesla in the form of orders, and the final sales amount must be subject to the actual settlement of the purchase order issued by Tesla.</p><p>In the future, Tesla's Model 3, Model Y and other models will use battery packs from CATL.</p><p><img src=\"https://static.tigerbbs.com/a713164f29f737032b723520c810364e\" tg-width=\"600\" tg-height=\"427\" referrerpolicy=\"no-referrer\"></p><p>Affected by this news, on June 29, Contemporary Amperex Technology Co., Limited's stock price hit a new high. The intraday stock price once reached 519.60 yuan per share, and the total market value exceeded 1.2 trillion yuan. As of the close, Contemporary Amperex Technology Co., Limited's share price closed at 508.51 yuan per share, an increase of 2.96%. Become the first technology stock in A-shares to enter the trillion-dollar club.</p><p>It is worth mentioning that since last year, CATL's stock price has been like a rocket, with its total market value rising from 0.23 trillion yuan to 1.18 trillion yuan, an increase of more than 4 times.</p><p>June 29th,<a href=\"https://laohu8.com/S/601995\">CICC</a>According to the evaluation of this cooperation, CATL's agreement with Tesla is stronger than the previous cooperation. Considering that the company's downstream demand exceeded expectations, CATL's profit forecast was raised and the target price was raised by 9% to 600 yuan. CICC also raised CATL's 2021-2023 profit forecast by 10%, 25% and 8% to 11 billion yuan, 20 billion yuan and 26.7 billion yuan respectively.</p><p><a href=\"https://laohu8.com/S/601555\">Soochow Securities</a>Recently, a research report was released saying that it maintains CATL's buy rating with a target price of 607.5 yuan. The reasons for its rating include: the strategic cooperation agreement with car companies is bound to battery production capacity, which can solve the bottleneck of battery supply and ensure that production capacity is not limited.</p><p>In addition, CICC analyst Zeng Tao and others pointed out in the report that the agreement did not stipulate the Chinese market, which means that CATL will take the opportunity to cooperate with Tesla's global market supply to accelerate its products to go global. Boosted by global demand, CATL's long-term global market share is expected to reach more than 30%.</p><p>This is another handshake between the two leading companies. For CATL, which has already reached a high market value of trillions, the deep binding with Tesla, the largest customer, is not only related to the installed battery capacity brought by this customer, but also an important ticket to break through the overseas power battery market.</p><p><h2><b>Secondary</b><b>\"Hand in Hand\"</b></h2>It is reported that in 2018, when Musk signed the Tesla Shanghai factory landing agreement, he secretly met with Zeng Yuqun, chairman of CATL, but the two parties did not reach a substantive agreement.</p><p>At the \"2019 World Artificial Intelligence Conference\", the two met again and finalized their cooperation intention in more than 40 minutes.</p><p>In February 2020, a contract truly brought together two leading companies in new car manufacturing and power batteries. At that time, Contemporary Amperex Technology Co., Limited signed the \"Production Pricing Agreement (China)\" with Tesla, and planned to supply lithium-ion power battery products to Tesla from July 2020 to June 2022.</p><p>According to this contract, CATL supplies batteries for Tesla's Model 3 produced in Shanghai. At the beginning of 2021, after Tesla launches Model Y, the scope of cooperation between the two parties is also expected to be further expanded.</p><p>On June 25 this year, on the basis of this agreement, the two parties signed the above-mentioned cooperation framework agreement \"Production Pricing Agreement\". The agreement stipulates that CATL plans to supply lithium-ion power battery products to Tesla in the next four years. Some analysts believe that the difference between the two cooperation framework agreements lies in the removal of \"China\", which indicates that this supply agreement will cover the whole world.</p><p>The further deepening of cooperation between the two sides has actually long been predicted.</p><p>On June 3, Reuters quoted people familiar with the matter as saying that CATL plans to build a new large-scale power battery factory in Shanghai to provide half of Tesla's global batteries for electric vehicles and rooftop energy storage.</p><p>There are rumors that the annual production capacity of the Shanghai factory will reach 80GWh, while CATL's existing production capacity is 69.1 GWh and 77.5 GWh of production capacity is under construction.</p><p>In addition, the \"Oolong Incident\" that occurred recently in the Ningde era is also related to Tesla. Recently, someone who claimed to be an employee of Ningde Times broke the news that Ningde Times forced manager-level employees to buy Tesla Model 3. Some employees said that the company launched a discount to buy Tesla in order to clear the \"battery problem\" Tesla inventory.</p><p>Contemporary Amperex Technology Co., Limited stated that there were no quality problems and no mandatory purchases. \"Regarding employees' purchase of Tesla, the company encourages employees to buy electric vehicles at preferential prices in order to promote comprehensive electrification. There is no mandate, nor is it limited to Tesla, including most of the brands it supplies. It is said that this activity has lasted for three years. Year, last year was during National Day.\"</p><p><h2><b>\"Binding\" deepens</b></h2>Regardless of the oolong incident, the relationship between Tesla and CATL is being further tied.</p><p>Contemporary Amperex Technology Co., Limited's 2021 Q1 financial report shows that the company's sales to the top five customers accounted for 41.08% of the current receivables, and the company's main customers are large domestic and foreign car companies. The 2020 annual report shows that there is not much gap in sales between the company's third and fourth largest customers.</p><p><img src=\"https://static.tigerbbs.com/7b1d28e7bc0109ab77f6fbdfcfb26e8f\" tg-width=\"640\" tg-height=\"213\" referrerpolicy=\"no-referrer\"></p><p>According to Century Securities,<b>Calculated according to the installed caliber,</b><b>In 2020, Tesla was the third largest customer of CATL, and by the first quarter of 2021, Tesla became the largest customer.</b><img src=\"https://static.tigerbbs.com/71035fcd7b52b58275f0aaf4030589c9\" tg-width=\"640\" tg-height=\"232\" referrerpolicy=\"no-referrer\"></p><p>The binding between the two parties has deepened, not only because Tesla has become the largest customer. More importantly, Tesla is one of the important tickets for CATL to break through the overseas power battery market.</p><p>Previously, Jiang Li, deputy general manager and secretary of the board of directors of CATL, once said,<b>The cooperation between CATL and Tesla is not limited to China. The new contract may be the beginning of the power battery cooperation between the two parties going abroad.</b></p><p>Public data shows that CATL is already in the C position in terms of installed capacity of power batteries. In 2020, the effective catalog of new energy vehicles announced by the Ministry of Industry and Information Technology has more than 6,800 models, of which CATL has more than 3,400 models equipped with power batteries, accounting for the highest proportion among all power battery manufacturers.</p><p>CATL's advantages in global power battery competition are also further expanding.</p><p>According to the latest data from SNE Research, a Korean industry research organization, in the first quarter of 2021, global electric vehicle battery energy consumption was 47.8 GWh, a year-on-year increase of 127%. The substantial growth of CATL in the first quarter was the main driving force.</p><p>Data show that in the first quarter, CATL's battery installed capacity increased by 320.8% year-on-year to 15.1 GWh, and its market share expanded again from 25% in 2020 to 31.5%. Its largest competitors LG Chem and<a href=\"https://laohu8.com/S/PC\">Panasonic</a>Panasonic's market share dropped to 20.5% and 16.7% respectively, and Panasonic's market share dropped by nearly 10 percentage points within a year.</p><p>But the heights are too cold, and CATL still needs to face many competitors at home and abroad.</p><p>Overseas, companies such as LG Chem are eyeing up; At home,<a href=\"https://laohu8.com/S/002594\">BYD</a>Already poses a threat to the Ningde era. In March last year, BYD released a blade battery based on lithium iron phosphate material, and gradually opened it from self-use to third-party car companies.</p><p>Therefore, deepening the binding with Tesla at this time may have some benefits for CATL, both in terms of the installed capacity of power batteries and further enhancing the competitiveness of domestic and overseas markets.</p><p><h2><b>\"C-position\"</b><b>Challenge</b></h2>Although it is Tesla's battery contract that puts CATL to the C position this time, this trillion-dollar company has a very solid position in the field of new energy.</p><p>As the world's leading power battery supplier, CATL not only supplies new car representatives such as Tesla, but also cooperates with traditional car companies such as Mercedes-Benz and Honda. Three domestic new car manufacturers have also chosen CATL's power batteries.</p><p>Han<a href=\"https://laohu8.com/S/600617\">National New Energy</a>According to statistics from the analysis agency SNE, CATL has ranked first in the global power battery installed volume rankings for four consecutive years. Just in 2020, the global installed capacity of CATL's power batteries was 34GWh, with a market share of nearly a quarter.</p><p>With the popularity of the new energy sector, this behind-the-scenes giant has stepped forward since last year and gained capital attention. For example, clearance in 2020<a href=\"https://laohu8.com/S/NIO\">Nio</a>Later, Hillhouse Capital turned to CATL and subscribed for a fixed increase of 10 billion yuan.</p><p>Contemporary Amperex Technology Co., Limited, whose stock price has soared, has also attracted more investor attention. On May 21, Contemporary Amperex Technology Co., Limited also received a survey of 54 people from 33 institutional investors, including large Public Offering of Fund, foreign-funded institutions, and securities firm asset management. The topics that these institutional investors are concerned about are mainly the development of solid-state batteries, the company's three major strategic directions, and the layout of the photovoltaic field.</p><p>Contemporary Amperex Technology Co., Limited is not only recognized by the outside world, but its chairman Zeng Yuqun has also repeatedly ranked at the forefront of the Forbes rich list.</p><p>As of 11:30 a.m. on June 28, the real-time list of the Forbes Rich List showed that CATL Chairman Zeng Yuqun was worth US $44.7 billion (approximately 288.8 billion yuan), ranking 30th in the world. This is his first time in the top 30 of the list.</p><p>At the beginning of May, Zeng Yuqun successfully won the title of the richest man in Hong Kong. With a net worth of $34.5 billion, he shook the list of the richest man in Hong Kong, which has been dominated by the \"Lee family\" for more than 20 years. His personal wealth once surpassed that of Lee Shau Kee ($32.1 billion) and Li Ka-shing ($34.4 billion).</p><p>At that time, Zeng Yuqun's ranking on the global rich list rose to 42nd in the world, and now he has broken through into the top 30.</p><p>Within a year, CATL went out of the circle many times and attracted much attention in the primary and secondary markets. As the first A-share technology company with a market value of trillions, how long can CATL stand in the C position?</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3634141\">华尔街见闻</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/983e0432c72ee1117f6c5b8a19ed6e25","relate_stocks":{"300750":"宁德时代","TSLA":"特斯拉"},"source_url":"https://wallstreetcn.com/articles/3634141","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2147863759","content_text":"宁德时代最近成为新能源界的C位担当，一是因为董事长曾毓群暴涨的身价，二是因为和特斯拉的一纸电池合约。\n6月28日，宁德时代发布公告称，公司已与特斯拉签订协议，将在2022年1月至2025年12月期间，也就是未来四年，向特斯拉供应锂离子动力电池产品。具体的采购情况特斯拉以订单方式确定，最终销售金额须以特斯拉发出的采购订单实际结算为准。\n未来，特斯拉旗下的Model 3、Model Y等车型将会使用来自宁德时代的电池组。\n\n受此消息影响，6月29日，宁德时代股价再创新高，盘中股价一度达到519.60元/股，总市值突破1.2万亿元。截至收盘，宁德时代股价报收508.51元/股，涨幅达2.96%。成为A股中第一家跨进万亿俱乐部的科技股。\n值得一提的是，自去年以来，宁德时代的股价如同坐上火箭，总市值由0.23万亿元上涨至1.18万亿元，涨幅超过4倍。\n6月29日，中金公司对此合作评价称，宁德时代此次与特斯拉的协议较之前合作力度更大，考虑到公司下游需求超预期，上调宁德时代的盈利预测，并将目标价调升9%至600元人民币。中金还上调了宁德时代2021-2023年的盈利预测10%、25%和8%，分别至110亿元、200亿元和267亿元。\n东吴证券近日发布研报称，维持宁德时代买入评级，目标价格为607.5元。其评级理由就包括：与车企的战略合作协议系绑定电池产能，能解决电池供应瓶颈，确保产能不受限。\n另外，中金分析师曾韬等在报告中指出，此次协议未约定中国市场，意味着宁德时代将以配合特斯拉全球市场供应为契机，推动产品加速走向全球。全球需求提振下，宁德时代远期全球市场份额有望达到30%以上。\n这是两家头部企业的再次握手。对于已经站上万亿市值高位的宁德时代而言，与第一大客户特斯拉的深度捆绑，不仅关乎该客户带来的电池装机量，更是一张突围海外动力电池市场的重要门票。\n二次“牵手”\n据悉，2018年，马斯克在签署特斯拉上海工厂落地协议时，曾秘密会见宁德时代董事长曾毓群，不过双方未达成实质性协议。\n在“2019世界人工智能大会”上，二人再度会面，用40多分钟敲定了合作意向。\n2020年2月，一份合约让新造车和动力电池的两家头部企业真正走到一起。彼时，宁德时代与特斯拉签订《Production Pricing Agreement (China)》，拟于2020年7月至2022年6月期间向特斯拉供应锂离子动力电池产品。\n据此合约，宁德时代为特斯拉在上海生产的Model 3供应电池。2021年初，特斯拉推出Model Y后，双方的合作范围也有望进一步扩大。\n今年6月25日，在该协议的基础上，双方又签订了上文提及的合作框架协议《Production Pricing Agreement》。协议约定宁德时代计划在未来四年向特斯拉供应锂离子动力电池产品。有分析认为，前后两份合作框架协议的区别在于去掉了“China”，预示着本次供货协议将覆盖全球。\n双方的合作进一步深入，其实早就有预示。\n6月3日，路透社援引知情人士消息称，宁德时代计划在上海新建一家大型动力电池厂，提供特斯拉在全球范围内一半用于电动汽车和屋顶储能的电池。\n有传言称，上海工厂年产能将达到80GWh，而宁德时代现有产能为69.1GWh，并有77.5GWh产能在建中。\n另外，宁德时代日前发生的“乌龙事件”也与特斯拉有关。近日，有自称是宁德时代员工的人员爆料，宁德时代强制经理级别员工购买特斯拉Model 3，有员工称公司推出购买特斯拉的优惠活动，是为了清掉“电池有问题”的特斯拉库存。\n宁德时代则表示，没有质量问题，也没有强制购买。“关于员工购买特斯拉是公司为推行全面电动化，以优惠价格鼓励员工购买电动车，没有强制，也不限于特斯拉，包括其大部分供货的品牌。称此活动已持续三年，去年是在国庆节期间。”\n“绑定”加深\n不论乌龙事件如何，特斯拉和宁德时代的关系都在进一步绑定。\n宁德时代2021年Q1财报显示，公司面向前五大客户的销售金额占当期应收比例为41.08%，公司主要客户为大型境内外车企。2020年年报显示，公司面对第三和第四大客户的销售额差距不大。\n\n而据世纪证券，按装机口径计算， 2020年特斯拉为宁德时代第三大客户，而到2021年第一季度，特斯拉一跃成为最大客户 。\n双方的绑定加深，不仅在于特斯拉跃升为最大客户。更关键的是特斯拉是宁德时代突围海外动力电池市场的重要门票之一。\n此前，宁德时代副总经理、董事会秘书蒋理曾表示，宁德时代与特斯拉的合作不局限于国内。新合约或许就是双方的动力电池合作走出国门的开始。\n公开数据表明，宁德时代在动力电池装机量上已经处于C位。2020年工信部公布的新能源车型有效目录共有6800多款车型，其中宁德时代配套动力电池的有3400多款，在全部动力电池厂商中占比最高。\n宁德时代在全球动力电池竞争中的优势也在进一步扩大。\n据韩国行业调研机构SNE Research最新数据，2021年第一季度，全球电动车电池能耗为47.8 GWh，同比增长127%，宁德时代一季度的大幅增长为主要推动力。\n数据显示，第一季度，宁德时代电池装机量同比增长320.8%至15.1 GWh，市占率从2020年全年的25%再度扩大至31.5%，而其最大竞争对手LG化学以及松下的市占率则分别下降至20.5%和16.7%，松下市占率一年内下降近10个百分点。\n但高处不胜寒，宁德时代仍然需要面对海内外不少竞争对手。\n在海外，有LG化学等企业虎视眈眈；在国内，比亚迪已经对宁德时代构成了威胁。去年3月，比亚迪发布了基于磷酸铁锂材料的刀片电池，并逐渐从自用开放给第三方车企。\n因而，此时与特斯拉加深绑定，对宁德时代而言，无论是对动力电池装机量，还是进一步提升海内外市场竞争力，或许都存在一些好处。\n“C位”挑战\n虽然本次是特斯拉的电池合约将宁德时代送上C位，但这家万亿市值的公司，在新能源领域的地位已经十分稳固。\n作为全球头部动力电池供应商，宁德时代不仅为特斯拉等新造车代表供货，还与奔驰、本田等传统车企合作。国内新造车三家企业也选择了宁德时代的动力电池。\n韩国新能源分析机构SNE统计称，宁德时代已连续四年在全球动力电池装车量排名中居于首位。就在2020年，宁德时代动力电池的全球装车量为34GWh，市场份额接近四分之一。\n随着新能源板块的火爆，这家幕后巨头从去年开始走向台前，获得资本关注。例如，在2020年清仓蔚来后，高瓴资本就转而重仓宁德时代，认购了100亿元的定增。\n股价飙升的宁德时代，也受到更多投资者的关注。5月21日，宁德时代还接待了33家机构投资者共54人的调研，其中包括大型公募基金、外资机构以及券商资管等。这些机构投资者们关心的话题，主要在固态电池发展、公司三大战略方向以及光伏领域的布局等方面。\n被外界认知的不止有宁德时代，其董事长曾毓群也屡次跻身福布斯富豪榜的前列。\n截至6月28日上午11点半，福布斯富豪榜的实时榜单显示，宁德时代董事长曾毓群身价达到447亿美元（约合2888亿元人民币），位列全球第30位。这是他首次进入榜单前30名。\n而就在5月初，曾毓群成功问鼎香港首富。他以345亿美元的身价，动摇了被“李氏家族”霸榜20余年的香港首富榜，个人财富一度超过李兆基（321亿美元）和李嘉诚（344亿美元）。\n彼时，曾毓群在全球富豪榜上的排名升至全球第42名，而今他已经突围进前30名。\n一年之内，宁德时代多次出圈，在一、二级市场备受关注。作为A股第一家万亿市值的科技公司，宁德时代在C位上又能矗立多久？","news_type":1,"symbols_score_info":{"300750":0.9,"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":2554,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":187301724,"gmtCreate":1623738198968,"gmtModify":1704210035732,"author":{"id":"3581155580868820","authorId":"3581155580868820","name":"风雪腊梅","avatar":"https://static.tigerbbs.com/6098bb5390cb75567a6e67bf6a793e29","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581155580868820","idStr":"3581155580868820"},"themes":[],"htmlText":"???","listText":"???","text":"???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/187301724","repostId":"1126523309","repostType":4,"isVote":1,"tweetType":1,"viewCount":2096,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":188415570,"gmtCreate":1623458608690,"gmtModify":1704204095328,"author":{"id":"3581155580868820","authorId":"3581155580868820","name":"风雪腊梅","avatar":"https://static.tigerbbs.com/6098bb5390cb75567a6e67bf6a793e29","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581155580868820","idStr":"3581155580868820"},"themes":[],"htmlText":"[666]&nbsp;[666]&nbsp;[666]&nbsp;","listText":"[666]&nbsp;[666]&nbsp;[666]&nbsp;","text":"[666] [666] [666]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/188415570","repostId":"1156959915","repostType":4,"repost":{"id":"1156959915","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":1623429803,"share":"https://ttm.financial/m/news/1156959915?lang=en_US&edition=fundamental","pubTime":"2021-06-12 00:43","market":"us","language":"zh","title":"Tiger Securities helped BOSS Zhipin land on Nasdaq, opening up 75% on the first day","url":"https://stock-news.laohu8.com/highlight/detail?id=1156959915","media":"老虎资讯综合","summary":"北京时间6月12日，BOSS直聘登陆纳斯达克，首日开涨75%。\n老虎证券作为互联网承销商，与高盛、摩根士丹利、UBS、华兴、海通等国际知名大行同列BOSS直聘招股书封面，展现出老虎证券作为头部互联网科","content":"<p>On June 12, Beijing time, BOSS Zhipin landed on Nasdaq, and opened up 75% on the first day.<img src=\"https://static.tigerbbs.com/57551fd25362c75885fbb928efe43f8a\"></p><p>As an Internet underwriter, Tiger Securities is listed on the cover of the BOSS direct recruitment prospectus with Goldman Sachs, Morgan Stanley, UBS, Huaxing, Haitong and other internationally renowned banks, showing Tiger Securities' influence as a leading Internet technology investment bank.<br></p><p><br></p><p>According to the latest prospectus information, BOSS Zhipin will publicly issue 48 million American Depositary Shares (ADS) at an issue price of US $19 per share, raising approximately US $912 million, and the total market value was US $7.599 billion at the opening.</p><p>This valuation has exceeded the sum of 51job, which has a public valuation of US $5 billion, and Zhaopin Recruitment, which can only have a valuation of US $1.7 billion in the private equity fund market due to delisting, making it the highest-valued Chinese recruitment platform.</p><p>Of course, being able to achieve such a high valuation shows to a certain extent that BOSS Zhipin also has its own financial performance and has been recognized by the capital market.</p><p><b>FINANCIAL</b></p><p>The recent financial performance of BOSS Zhipin can be summarized as follows: the revenue growth momentum is strong; Gross profit growth was strong and gross margin remained stable; Although the operating profit is low, it has turned losses into profits; Operating cash flow skyrocketed.</p><p>Specifically, BOSS Zhipin's revenue in 2020 reached US $298 million, a surge of 95.4% compared with US $152 million in 2019. In the first quarter of 2021, the company's revenue reached US $120 million, a year-on-year increase. As high as 178.9%.</p><p>The gross profit of BOSS direct recruitment will be US $261 million in 2020, an increase of 98.7% compared with US $131 million in 2019, and will reach US $104 million in the first quarter of 2021, a year-on-year increase of 178.4%. At the same time, in the first quarter of 2019, 2020 and 2021, the company's gross profit margins were 86.20%, 87.65% and 86.45% respectively, remaining almost unchanged.</p><p>In 2019, 2020, and the first quarter of 2021, BOSS Zhipin achieved operating profits of US $392,800, US $1.356 million, and US $350,000, and US $400,000 respectively, with operating profit margins of 0.3%, 0.5%, and 0.3% respectively. During the same period, the company's net losses were US $112 million, US $188 million and US $40.972 million respectively.</p><p>In 2019, 2020, and the first quarter of 2021, BOSS's direct operating cash flow was-16.1318 million US dollars, 60.676 million US dollars, and 25.235 million US dollars, respectively.</p><p>As of March 31, 2021, BOSS Zhipin held cash of US $626 million and liabilities of US $332 million. For the twelve months ended March 31, 2021, the Company had free cash flow of $102 million.</p><p><b>Study Analysis</b></p><p>BOSS Zhipin hopes to get the support of the US capital market to help them continue to expand in the Chinese market.</p><p>Judging from the company's financial performance, their revenue and gross profit margin have grown rapidly, and their operations have turned losses into profits. Free cash flow as of March 31, 2021 was impressive at over $101 million.</p><p>In China, providing online recruitment services for job seekers and employers has a huge market size and a promising prospect.</p><p>Goldman Sachs is the leading underwriter of this transaction. In the past twelve months, the company has led the underwriting of IPO stocks, with an average return rate of 42.9%, which is at the middle level in the comparison of the performance of all major underwriters in the same period.</p><p>The number one risk facing BOSS Direct Recruitment is that the company may face a series of competitive pressures, such as talent networks, or other mainstream international recruitment companies entering their markets, and once these become a reality, they will threaten their growth prospects, or force them to significantly increase marketing spending and suppress profitability.</p><p>China's various online businesses with high profit margins often end up attracting a large number of competitors, and the most important means of competition is a price war, which is obviously not good news for the future return of stocks.</p><p>From a valuation perspective, the price offered by BOSS Zhipin for U.S. IPO investors means that the company's enterprise value-to-revenue ratio is around 19.2. Although this figure is higher than the current overall level of software-as-a-service stocks, BOSS Zhipin's revenue growth momentum is even stronger, they have crossed the profitability threshold at the operational level and generated considerable free cash flow.</p><p>Therefore, although the IPO price of BOSS direct recruitment is not low, this stock is still worthy of attention for those investors who are interested in the growth prospects of China's online recruitment market.</p><p><img src=\"https://static.tigerbbs.com/361ada34c84eeaafbb2e860b6eb0db6f\"></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>Tiger Securities helped BOSS Zhipin land on Nasdaq, opening up 75% on the first day</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\">\nTiger Securities helped BOSS Zhipin land on Nasdaq, opening up 75% on the first day\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\">2021-06-12 00:43</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On June 12, Beijing time, BOSS Zhipin landed on Nasdaq, and opened up 75% on the first day.<img src=\"https://static.tigerbbs.com/57551fd25362c75885fbb928efe43f8a\"></p><p>As an Internet underwriter, Tiger Securities is listed on the cover of the BOSS direct recruitment prospectus with Goldman Sachs, Morgan Stanley, UBS, Huaxing, Haitong and other internationally renowned banks, showing Tiger Securities' influence as a leading Internet technology investment bank.<br></p><p><br></p><p>According to the latest prospectus information, BOSS Zhipin will publicly issue 48 million American Depositary Shares (ADS) at an issue price of US $19 per share, raising approximately US $912 million, and the total market value was US $7.599 billion at the opening.</p><p>This valuation has exceeded the sum of 51job, which has a public valuation of US $5 billion, and Zhaopin Recruitment, which can only have a valuation of US $1.7 billion in the private equity fund market due to delisting, making it the highest-valued Chinese recruitment platform.</p><p>Of course, being able to achieve such a high valuation shows to a certain extent that BOSS Zhipin also has its own financial performance and has been recognized by the capital market.</p><p><b>FINANCIAL</b></p><p>The recent financial performance of BOSS Zhipin can be summarized as follows: the revenue growth momentum is strong; Gross profit growth was strong and gross margin remained stable; Although the operating profit is low, it has turned losses into profits; Operating cash flow skyrocketed.</p><p>Specifically, BOSS Zhipin's revenue in 2020 reached US $298 million, a surge of 95.4% compared with US $152 million in 2019. In the first quarter of 2021, the company's revenue reached US $120 million, a year-on-year increase. As high as 178.9%.</p><p>The gross profit of BOSS direct recruitment will be US $261 million in 2020, an increase of 98.7% compared with US $131 million in 2019, and will reach US $104 million in the first quarter of 2021, a year-on-year increase of 178.4%. At the same time, in the first quarter of 2019, 2020 and 2021, the company's gross profit margins were 86.20%, 87.65% and 86.45% respectively, remaining almost unchanged.</p><p>In 2019, 2020, and the first quarter of 2021, BOSS Zhipin achieved operating profits of US $392,800, US $1.356 million, and US $350,000, and US $400,000 respectively, with operating profit margins of 0.3%, 0.5%, and 0.3% respectively. During the same period, the company's net losses were US $112 million, US $188 million and US $40.972 million respectively.</p><p>In 2019, 2020, and the first quarter of 2021, BOSS's direct operating cash flow was-16.1318 million US dollars, 60.676 million US dollars, and 25.235 million US dollars, respectively.</p><p>As of March 31, 2021, BOSS Zhipin held cash of US $626 million and liabilities of US $332 million. For the twelve months ended March 31, 2021, the Company had free cash flow of $102 million.</p><p><b>Study Analysis</b></p><p>BOSS Zhipin hopes to get the support of the US capital market to help them continue to expand in the Chinese market.</p><p>Judging from the company's financial performance, their revenue and gross profit margin have grown rapidly, and their operations have turned losses into profits. Free cash flow as of March 31, 2021 was impressive at over $101 million.</p><p>In China, providing online recruitment services for job seekers and employers has a huge market size and a promising prospect.</p><p>Goldman Sachs is the leading underwriter of this transaction. In the past twelve months, the company has led the underwriting of IPO stocks, with an average return rate of 42.9%, which is at the middle level in the comparison of the performance of all major underwriters in the same period.</p><p>The number one risk facing BOSS Direct Recruitment is that the company may face a series of competitive pressures, such as talent networks, or other mainstream international recruitment companies entering their markets, and once these become a reality, they will threaten their growth prospects, or force them to significantly increase marketing spending and suppress profitability.</p><p>China's various online businesses with high profit margins often end up attracting a large number of competitors, and the most important means of competition is a price war, which is obviously not good news for the future return of stocks.</p><p>From a valuation perspective, the price offered by BOSS Zhipin for U.S. IPO investors means that the company's enterprise value-to-revenue ratio is around 19.2. Although this figure is higher than the current overall level of software-as-a-service stocks, BOSS Zhipin's revenue growth momentum is even stronger, they have crossed the profitability threshold at the operational level and generated considerable free cash flow.</p><p>Therefore, although the IPO price of BOSS direct recruitment is not low, this stock is still worthy of attention for those investors who are interested in the growth prospects of China's online recruitment market.</p><p><img src=\"https://static.tigerbbs.com/361ada34c84eeaafbb2e860b6eb0db6f\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/3aee31599ee7010691cc73f0ff8ac182","relate_stocks":{"BZ":"BOSS直聘"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1156959915","content_text":"北京时间6月12日，BOSS直聘登陆纳斯达克，首日开涨75%。\n老虎证券作为互联网承销商，与高盛、摩根士丹利、UBS、华兴、海通等国际知名大行同列BOSS直聘招股书封面，展现出老虎证券作为头部互联网科技投行的影响力。\n\n根据最新招股书信息显示，BOSS直聘将公开发行4800万股美国存托股份（ADS），发行价定为每股19美元，募资约9.12亿美元，总市值开盘时是75.99亿美元。\n而这个估值已经超过公开估值50亿美元的前程无忧和由于退市只能在私募基金市场有估值17亿美元的智联招聘之和，成为估值最高的中国招聘平台。\n当然，能达到如此高额的估值，在一定程度上表明BOSS直聘也有着自己的在财务上的表现得到了资本市场的认可。\n财务表现\nBOSS直聘近期的财务表现大约可以做如下概括：营收增长势头强劲；毛利润增长强劲，毛利润率保持稳定；运营利润虽然低，但是已经实现了扭亏为盈；运营现金流猛增。\n具体而言，BOSS直聘2020年营收达到了2.98亿美元，较之2019年的1.52亿美元猛增95.4%之多，而2021年第一季度，公司营收就达到了1.20亿美元，同比增幅更高达178.9%。\nBOSS直聘毛利润2020年为2.61亿美元，较之2019年的1.31亿美元增长98.7%，而2021年第一季度达到1.04亿美元，同比增幅高达178.4%。与此同时，在2019年、2020年和2021年第一季度当中，公司毛利润率分别为86.20%、87.65%和86.45%，几乎保持不变。\n2019年、2020年和2021年第一季度，BOSS直聘分别实现运营利润39.28万美元、135.60万美元和35、40万美元，运营利润率分别为0.3%、0.5%和0.3%。同期内，公司净亏损分别为1.12亿美元、1.88亿美元和4097.20万美元。\n2019年、2020年和2021年第一季度，BOSS直聘运营现金流分别为-1613.18万美元、6067.60万美元和2523.50万美元。\n截至2021年3月31日，BOSS直聘持有现金6.26亿美元，负债3.32亿美元。截至2021年3月31日的十二个月内，公司自由现金流为1.02亿美元。\n研究分析\nBOSS直聘希望获得美国资本市场的支持，帮助他们在中国市场上继续扩张。\n从公司的财务表现看，他们营收和毛利润率增长迅猛，运营层面已经实现扭亏为盈。截至2021年3月31日的自由现金流超过1.01亿美元，令人印象深刻。\n在中国，为求职者和雇主提供线上招聘服务，市场体量是很巨大的，前景是很可观的。\n高盛是本次交易的领衔承销商，在过去十二个月时间内，该公司领衔承销的IPO股票，平均回报率为42.9%，在所有主要承销商同期业绩的比较当中位于中游水平。\nBOSS直聘面前的头号风险是，该公司可能会面对一系列竞争压力，比如人才网络，或者其他主流国际招聘公司进入他们所在的市场，而这些一旦成为现实，就将威胁到他们的增长前景，或者是迫使他们大幅提升营销支出，打压盈利能力。\n中国各种利润率较高的线上业务，往往最终都会吸引大量竞争者，而最主要的竞争手段就是大打价格战，而这对于股票未来的回报显然不是什么好消息。\n从估值角度看，BOSS直聘为美国IPO投资者开出的价格意味着公司企业价值营收比率为19.2左右，虽然这一数字高于软件即服务股票当前的总体水平，但是BOSS直聘的营收增长势头更为强劲，他们已经在运营层面越过盈利门槛，并且产生了可观的自由现金流。\n因此，虽然BOSS直聘IPO价格称不上低廉，但是对于那些有意于中国线上招聘市场成长前景的投资者而言，这一股票还是值得关注的。","news_type":1,"symbols_score_info":{"BZ":0.9}},"isVote":1,"tweetType":1,"viewCount":2715,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":188616027,"gmtCreate":1623431853569,"gmtModify":1704203685745,"author":{"id":"3581155580868820","authorId":"3581155580868820","name":"风雪腊梅","avatar":"https://static.tigerbbs.com/6098bb5390cb75567a6e67bf6a793e29","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581155580868820","idStr":"3581155580868820"},"themes":[],"htmlText":"[666]&nbsp;[666]&nbsp;[666]&nbsp;","listText":"[666]&nbsp;[666]&nbsp;[666]&nbsp;","text":"[666] [666] [666]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/188616027","repostId":"1156959915","repostType":4,"repost":{"id":"1156959915","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":1623429803,"share":"https://ttm.financial/m/news/1156959915?lang=en_US&edition=fundamental","pubTime":"2021-06-12 00:43","market":"us","language":"zh","title":"Tiger Securities helped BOSS Zhipin land on Nasdaq, opening up 75% on the first day","url":"https://stock-news.laohu8.com/highlight/detail?id=1156959915","media":"老虎资讯综合","summary":"北京时间6月12日，BOSS直聘登陆纳斯达克，首日开涨75%。\n老虎证券作为互联网承销商，与高盛、摩根士丹利、UBS、华兴、海通等国际知名大行同列BOSS直聘招股书封面，展现出老虎证券作为头部互联网科","content":"<p>On June 12, Beijing time, BOSS Zhipin landed on Nasdaq, and opened up 75% on the first day.<img src=\"https://static.tigerbbs.com/57551fd25362c75885fbb928efe43f8a\"></p><p>As an Internet underwriter, Tiger Securities is listed on the cover of the BOSS direct recruitment prospectus with Goldman Sachs, Morgan Stanley, UBS, Huaxing, Haitong and other internationally renowned banks, showing Tiger Securities' influence as a leading Internet technology investment bank.<br></p><p><br></p><p>According to the latest prospectus information, BOSS Zhipin will publicly issue 48 million American Depositary Shares (ADS) at an issue price of US $19 per share, raising approximately US $912 million, and the total market value was US $7.599 billion at the opening.</p><p>This valuation has exceeded the sum of 51job, which has a public valuation of US $5 billion, and Zhaopin Recruitment, which can only have a valuation of US $1.7 billion in the private equity fund market due to delisting, making it the highest-valued Chinese recruitment platform.</p><p>Of course, being able to achieve such a high valuation shows to a certain extent that BOSS Zhipin also has its own financial performance and has been recognized by the capital market.</p><p><b>FINANCIAL</b></p><p>The recent financial performance of BOSS Zhipin can be summarized as follows: the revenue growth momentum is strong; Gross profit growth was strong and gross margin remained stable; Although the operating profit is low, it has turned losses into profits; Operating cash flow skyrocketed.</p><p>Specifically, BOSS Zhipin's revenue in 2020 reached US $298 million, a surge of 95.4% compared with US $152 million in 2019. In the first quarter of 2021, the company's revenue reached US $120 million, a year-on-year increase. As high as 178.9%.</p><p>The gross profit of BOSS direct recruitment will be US $261 million in 2020, an increase of 98.7% compared with US $131 million in 2019, and will reach US $104 million in the first quarter of 2021, a year-on-year increase of 178.4%. At the same time, in the first quarter of 2019, 2020 and 2021, the company's gross profit margins were 86.20%, 87.65% and 86.45% respectively, remaining almost unchanged.</p><p>In 2019, 2020, and the first quarter of 2021, BOSS Zhipin achieved operating profits of US $392,800, US $1.356 million, and US $350,000, and US $400,000 respectively, with operating profit margins of 0.3%, 0.5%, and 0.3% respectively. During the same period, the company's net losses were US $112 million, US $188 million and US $40.972 million respectively.</p><p>In 2019, 2020, and the first quarter of 2021, BOSS's direct operating cash flow was-16.1318 million US dollars, 60.676 million US dollars, and 25.235 million US dollars, respectively.</p><p>As of March 31, 2021, BOSS Zhipin held cash of US $626 million and liabilities of US $332 million. For the twelve months ended March 31, 2021, the Company had free cash flow of $102 million.</p><p><b>Study Analysis</b></p><p>BOSS Zhipin hopes to get the support of the US capital market to help them continue to expand in the Chinese market.</p><p>Judging from the company's financial performance, their revenue and gross profit margin have grown rapidly, and their operations have turned losses into profits. Free cash flow as of March 31, 2021 was impressive at over $101 million.</p><p>In China, providing online recruitment services for job seekers and employers has a huge market size and a promising prospect.</p><p>Goldman Sachs is the leading underwriter of this transaction. In the past twelve months, the company has led the underwriting of IPO stocks, with an average return rate of 42.9%, which is at the middle level in the comparison of the performance of all major underwriters in the same period.</p><p>The number one risk facing BOSS Direct Recruitment is that the company may face a series of competitive pressures, such as talent networks, or other mainstream international recruitment companies entering their markets, and once these become a reality, they will threaten their growth prospects, or force them to significantly increase marketing spending and suppress profitability.</p><p>China's various online businesses with high profit margins often end up attracting a large number of competitors, and the most important means of competition is a price war, which is obviously not good news for the future return of stocks.</p><p>From a valuation perspective, the price offered by BOSS Zhipin for U.S. IPO investors means that the company's enterprise value-to-revenue ratio is around 19.2. Although this figure is higher than the current overall level of software-as-a-service stocks, BOSS Zhipin's revenue growth momentum is even stronger, they have crossed the profitability threshold at the operational level and generated considerable free cash flow.</p><p>Therefore, although the IPO price of BOSS direct recruitment is not low, this stock is still worthy of attention for those investors who are interested in the growth prospects of China's online recruitment market.</p><p><img src=\"https://static.tigerbbs.com/361ada34c84eeaafbb2e860b6eb0db6f\"></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>Tiger Securities helped BOSS Zhipin land on Nasdaq, opening up 75% on the first day</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\">\nTiger Securities helped BOSS Zhipin land on Nasdaq, opening up 75% on the first day\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\">2021-06-12 00:43</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On June 12, Beijing time, BOSS Zhipin landed on Nasdaq, and opened up 75% on the first day.<img src=\"https://static.tigerbbs.com/57551fd25362c75885fbb928efe43f8a\"></p><p>As an Internet underwriter, Tiger Securities is listed on the cover of the BOSS direct recruitment prospectus with Goldman Sachs, Morgan Stanley, UBS, Huaxing, Haitong and other internationally renowned banks, showing Tiger Securities' influence as a leading Internet technology investment bank.<br></p><p><br></p><p>According to the latest prospectus information, BOSS Zhipin will publicly issue 48 million American Depositary Shares (ADS) at an issue price of US $19 per share, raising approximately US $912 million, and the total market value was US $7.599 billion at the opening.</p><p>This valuation has exceeded the sum of 51job, which has a public valuation of US $5 billion, and Zhaopin Recruitment, which can only have a valuation of US $1.7 billion in the private equity fund market due to delisting, making it the highest-valued Chinese recruitment platform.</p><p>Of course, being able to achieve such a high valuation shows to a certain extent that BOSS Zhipin also has its own financial performance and has been recognized by the capital market.</p><p><b>FINANCIAL</b></p><p>The recent financial performance of BOSS Zhipin can be summarized as follows: the revenue growth momentum is strong; Gross profit growth was strong and gross margin remained stable; Although the operating profit is low, it has turned losses into profits; Operating cash flow skyrocketed.</p><p>Specifically, BOSS Zhipin's revenue in 2020 reached US $298 million, a surge of 95.4% compared with US $152 million in 2019. In the first quarter of 2021, the company's revenue reached US $120 million, a year-on-year increase. As high as 178.9%.</p><p>The gross profit of BOSS direct recruitment will be US $261 million in 2020, an increase of 98.7% compared with US $131 million in 2019, and will reach US $104 million in the first quarter of 2021, a year-on-year increase of 178.4%. At the same time, in the first quarter of 2019, 2020 and 2021, the company's gross profit margins were 86.20%, 87.65% and 86.45% respectively, remaining almost unchanged.</p><p>In 2019, 2020, and the first quarter of 2021, BOSS Zhipin achieved operating profits of US $392,800, US $1.356 million, and US $350,000, and US $400,000 respectively, with operating profit margins of 0.3%, 0.5%, and 0.3% respectively. During the same period, the company's net losses were US $112 million, US $188 million and US $40.972 million respectively.</p><p>In 2019, 2020, and the first quarter of 2021, BOSS's direct operating cash flow was-16.1318 million US dollars, 60.676 million US dollars, and 25.235 million US dollars, respectively.</p><p>As of March 31, 2021, BOSS Zhipin held cash of US $626 million and liabilities of US $332 million. For the twelve months ended March 31, 2021, the Company had free cash flow of $102 million.</p><p><b>Study Analysis</b></p><p>BOSS Zhipin hopes to get the support of the US capital market to help them continue to expand in the Chinese market.</p><p>Judging from the company's financial performance, their revenue and gross profit margin have grown rapidly, and their operations have turned losses into profits. Free cash flow as of March 31, 2021 was impressive at over $101 million.</p><p>In China, providing online recruitment services for job seekers and employers has a huge market size and a promising prospect.</p><p>Goldman Sachs is the leading underwriter of this transaction. In the past twelve months, the company has led the underwriting of IPO stocks, with an average return rate of 42.9%, which is at the middle level in the comparison of the performance of all major underwriters in the same period.</p><p>The number one risk facing BOSS Direct Recruitment is that the company may face a series of competitive pressures, such as talent networks, or other mainstream international recruitment companies entering their markets, and once these become a reality, they will threaten their growth prospects, or force them to significantly increase marketing spending and suppress profitability.</p><p>China's various online businesses with high profit margins often end up attracting a large number of competitors, and the most important means of competition is a price war, which is obviously not good news for the future return of stocks.</p><p>From a valuation perspective, the price offered by BOSS Zhipin for U.S. IPO investors means that the company's enterprise value-to-revenue ratio is around 19.2. Although this figure is higher than the current overall level of software-as-a-service stocks, BOSS Zhipin's revenue growth momentum is even stronger, they have crossed the profitability threshold at the operational level and generated considerable free cash flow.</p><p>Therefore, although the IPO price of BOSS direct recruitment is not low, this stock is still worthy of attention for those investors who are interested in the growth prospects of China's online recruitment market.</p><p><img src=\"https://static.tigerbbs.com/361ada34c84eeaafbb2e860b6eb0db6f\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/3aee31599ee7010691cc73f0ff8ac182","relate_stocks":{"BZ":"BOSS直聘"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1156959915","content_text":"北京时间6月12日，BOSS直聘登陆纳斯达克，首日开涨75%。\n老虎证券作为互联网承销商，与高盛、摩根士丹利、UBS、华兴、海通等国际知名大行同列BOSS直聘招股书封面，展现出老虎证券作为头部互联网科技投行的影响力。\n\n根据最新招股书信息显示，BOSS直聘将公开发行4800万股美国存托股份（ADS），发行价定为每股19美元，募资约9.12亿美元，总市值开盘时是75.99亿美元。\n而这个估值已经超过公开估值50亿美元的前程无忧和由于退市只能在私募基金市场有估值17亿美元的智联招聘之和，成为估值最高的中国招聘平台。\n当然，能达到如此高额的估值，在一定程度上表明BOSS直聘也有着自己的在财务上的表现得到了资本市场的认可。\n财务表现\nBOSS直聘近期的财务表现大约可以做如下概括：营收增长势头强劲；毛利润增长强劲，毛利润率保持稳定；运营利润虽然低，但是已经实现了扭亏为盈；运营现金流猛增。\n具体而言，BOSS直聘2020年营收达到了2.98亿美元，较之2019年的1.52亿美元猛增95.4%之多，而2021年第一季度，公司营收就达到了1.20亿美元，同比增幅更高达178.9%。\nBOSS直聘毛利润2020年为2.61亿美元，较之2019年的1.31亿美元增长98.7%，而2021年第一季度达到1.04亿美元，同比增幅高达178.4%。与此同时，在2019年、2020年和2021年第一季度当中，公司毛利润率分别为86.20%、87.65%和86.45%，几乎保持不变。\n2019年、2020年和2021年第一季度，BOSS直聘分别实现运营利润39.28万美元、135.60万美元和35、40万美元，运营利润率分别为0.3%、0.5%和0.3%。同期内，公司净亏损分别为1.12亿美元、1.88亿美元和4097.20万美元。\n2019年、2020年和2021年第一季度，BOSS直聘运营现金流分别为-1613.18万美元、6067.60万美元和2523.50万美元。\n截至2021年3月31日，BOSS直聘持有现金6.26亿美元，负债3.32亿美元。截至2021年3月31日的十二个月内，公司自由现金流为1.02亿美元。\n研究分析\nBOSS直聘希望获得美国资本市场的支持，帮助他们在中国市场上继续扩张。\n从公司的财务表现看，他们营收和毛利润率增长迅猛，运营层面已经实现扭亏为盈。截至2021年3月31日的自由现金流超过1.01亿美元，令人印象深刻。\n在中国，为求职者和雇主提供线上招聘服务，市场体量是很巨大的，前景是很可观的。\n高盛是本次交易的领衔承销商，在过去十二个月时间内，该公司领衔承销的IPO股票，平均回报率为42.9%，在所有主要承销商同期业绩的比较当中位于中游水平。\nBOSS直聘面前的头号风险是，该公司可能会面对一系列竞争压力，比如人才网络，或者其他主流国际招聘公司进入他们所在的市场，而这些一旦成为现实，就将威胁到他们的增长前景，或者是迫使他们大幅提升营销支出，打压盈利能力。\n中国各种利润率较高的线上业务，往往最终都会吸引大量竞争者，而最主要的竞争手段就是大打价格战，而这对于股票未来的回报显然不是什么好消息。\n从估值角度看，BOSS直聘为美国IPO投资者开出的价格意味着公司企业价值营收比率为19.2左右，虽然这一数字高于软件即服务股票当前的总体水平，但是BOSS直聘的营收增长势头更为强劲，他们已经在运营层面越过盈利门槛，并且产生了可观的自由现金流。\n因此，虽然BOSS直聘IPO价格称不上低廉，但是对于那些有意于中国线上招聘市场成长前景的投资者而言，这一股票还是值得关注的。","news_type":1,"symbols_score_info":{"BZ":0.9}},"isVote":1,"tweetType":1,"viewCount":2500,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":138236751,"gmtCreate":1621941645173,"gmtModify":1704364814915,"author":{"id":"3581155580868820","authorId":"3581155580868820","name":"风雪腊梅","avatar":"https://static.tigerbbs.com/6098bb5390cb75567a6e67bf6a793e29","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581155580868820","idStr":"3581155580868820"},"themes":[],"htmlText":"???","listText":"???","text":"???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/138236751","repostId":"1119328389","repostType":4,"repost":{"id":"1119328389","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":1621932532,"share":"https://ttm.financial/m/news/1119328389?lang=en_US&edition=fundamental","pubTime":"2021-05-25 16:48","market":"sh","language":"zh","title":"Market Summary: Nanshui exploded to buy A shares, and the \"bull market standard bearer\" pulled up across the board","url":"https://stock-news.laohu8.com/highlight/detail?id=1119328389","media":"老虎资讯综合","summary":"港股5月25日（周二），港股恒生指数高开高走，全天强势，收盘涨1.75%，报28910.86点；国企指数涨1.42%，红筹指数涨0.7%。港交所新任行政总裁欧冠升发表上市以来首次公开演讲，他表示“香港","content":"<p><b>Hong Kong Stocks</b></p><p>On May 25 (Tuesday), the Hong Kong stock Hang Seng Index opened higher and moved higher. It was strong throughout the day, closing up 1.75% at 28910.86 points; The state-owned enterprise index rose 1.42%, and the red chip index rose 0.7%.<b>Ou Guansheng, the new chief executive of HKEx, delivered his first public speech since his listing. He said, \"Hong Kong can act as a super gateway to the world's second largest economy, connecting China and the world.\"</b></p><p><img src=\"https://static.tigerbbs.com/831773de4dec7fbea153656bb244b194\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>Benefit from<a href=\"https://laohu8.com/S/03032\">Hang Seng Technology ETF</a>Listed, most technology stocks rose.<a href=\"https://laohu8.com/S/00700\">Tencent Holdings</a>It rose 4.18% and regained the HK $600 mark. Xiaomi Group rose 4.13% and will be re-included in the FTSE Russell Index. At the same time,<a href=\"https://laohu8.com/S/00268\">Kingdee International</a>Up 9.55%,<a href=\"https://laohu8.com/S/02013\">Weimob Group</a>It rose 5.23%, and Meituan rose 2.07%.</p><p>Chinese brokerage stocks rose,<a href=\"https://laohu8.com/S/601995\">CICC</a>Up 10.9%,<a href=\"https://laohu8.com/S/601066\">China Securities Investment</a>Up 9.74%,<a href=\"https://laohu8.com/S/600030\">CITIC Securities</a>Up 6.31%.</p><p>Domestic banks and domestic insurance stocks rose collectively.<a href=\"https://laohu8.com/S/600036\">China Merchants Bank</a>Up 6.33%,<a href=\"https://laohu8.com/S/601658\">Postal Savings Bank</a>Up 4.14%,<a href=\"https://laohu8.com/S/09668\">Bohai Bank</a>Up 3.63%;<a href=\"https://laohu8.com/S/601601\">China Pacific Insurance</a>Up 6.16%,<a href=\"https://laohu8.com/S/00966\">China Taiping</a>Up 2.96%,<a href=\"https://laohu8.com/S/LFC\">China Life Insurance</a>Up 2.75%.</p><p>Mainland education stocks rose,<a href=\"https://laohu8.com/S/09616\">Neusoft education</a>Up 13.82%,<a href=\"https://laohu8.com/S/01769\">Thinking music education</a>Up 4.58%,<a href=\"https://laohu8.com/S/01797\">New oriental online</a>Up 1.82%.<b>Today, Haidian Education Commission clarified that \"educational institutions are not allowed to start classes in summer\" is false news.</b></p><p>Blockchain concept stocks rebounded,<a href=\"https://laohu8.com/S/01611\">Huobi Technology</a>Up 11.19%,<a href=\"https://laohu8.com/S/01499\">Ouke Cloud Chain</a>Up 8.11%,<a href=\"https://laohu8.com/S/08005\">Yuxing Technology</a>Up 5.36%.</p><p><a href=\"https://laohu8.com/S/00388\">HKEX</a>Up 5.37%. Nicolas Aguzin, chief executive of the Hong Kong Stock Exchange, took up his new post yesterday with a contract period of three years. The Champions League promotion package includes a basic annual salary of HK $10 million, which is higher than that of former president Li Xiaojia.</p><p><a href=\"https://laohu8.com/S/01024\">Kuaishou</a>Down 11.46%. Kuaishou's revenue in the first quarter was 17.019 billion yuan, a year-on-year increase of 36.6%; The adjusted loss was 4.918 billion yuan. The average monthly active users of the Kuaishou app in the first quarter were 520 million, compared with 495 million at the end of 2020. The total e-commerce transaction volume in the first quarter was 118.56 billion yuan, a year-on-year increase of 219.8%.</p><p><img src=\"https://static.tigerbbs.com/7cc94d9e0f920b36572baec0f9902e9e\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><b>A Shares</b></p><p>Today, A-shares rose unilaterally throughout the day, and all three major indexes hit new highs in this round of rebound. The turnover of the two cities once again stood at one trillion after three months.<b>Northbound funds made a substantial net purchase of 21.723 billion yuan throughout the day, surpassing the 21.43 billion yuan created on November 26, 2019 and setting a new record high.</b>The brokerage sector once again ushered in an outbreak, and financial sectors such as banking and insurance also performed well, becoming the core force driving the stock index to rise.</p><p>As of the close, the Shanghai Composite Index rose 2.40% to close at 3581.34 points; The Shenzhen Component Index rose 2.34% to close at 14846.45 points; The ChiNext Index rose 2.79% to close at 3227.36 points. The Innovation and Technology 50 Index rose 2.95% to close at 1370.12 points. The FTSE China A50 Index rose 4.13% to close at 18233.27 points.</p><p><img src=\"https://static.tigerbbs.com/d47a5493a6e4924a35615dc2264d7776\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>Baotuan stocks exploded,<a href=\"https://laohu8.com/S/600519\">Kweichow Moutai</a>、<a href=\"https://laohu8.com/S/000858\">Wuliangye</a>、<a href=\"https://laohu8.com/S/000568\">Luzhou Old Cellar</a>Three high-end liquors led the gains in liquor stocks;<a href=\"https://laohu8.com/S/601066\">China Securities Investment</a>And<a href=\"https://laohu8.com/S/601995\">CICC</a>The daily limit of the two leading brokerages;<a href=\"https://laohu8.com/S/300059\">Oriental Fortune</a>、<a href=\"https://laohu8.com/S/600036\">China Merchants Bank</a>、<a href=\"https://laohu8.com/S/002475\">Luxshare Precision</a>Waiting for group stocks also rose sharply.</p><p>A few sectors such as electricity, oil, and Kuaishou concept fell slightly.<a href=\"https://laohu8.com/S/000651\">Gree Electric</a>Bucking the market trend, it fell 1.60% to 55.89 yuan, a new low for the year.</p><p><b>US stocks</b></p><p>The three major U.S. stock index futures rose collectively, with Nasdaq futures leading the gains.</p><p><img src=\"https://static.tigerbbs.com/545cab3d1bedce3ee2d3d57a3518fbdc\" tg-width=\"698\" tg-height=\"252\" referrerpolicy=\"no-referrer\"></p><p><a href=\"https://laohu8.com/S/BEKE\">Shells</a>The pre-market decline narrowed to 2.1% after the company clarified that \"being investigated by the State Administration for Market Regulation\" was false news.</p><p>Most Chinese concept education stocks rebounded before the market,<a href=\"https://laohu8.com/S/EDU\">New Oriental</a>Up more than 15%,<a href=\"https://laohu8.com/S/TAL\">TAL</a>Rose more than 11%,<a href=\"https://laohu8.com/S/GOTU\">High Road</a>Up nearly 10%. Today, the Education Commission of Haidian District, Beijing refuted the rumor that \"stopping training institutions from running schools in summer\" was false news.</p><p><b>European stock markets</b></p><p>Major European stock markets were higher across the board.<a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>Looking ahead, considering the substantial improvement in vaccinations in COVID-19 vaccine, upcoming fiscal support measures, and the large discount rate of European stock markets relative to U.S. stock markets (European stock markets can both enter a cyclical recovery and hedge against inflation risks), European stock markets should continue to be supported, the report said.</p><p><img src=\"https://static.tigerbbs.com/8142adccbdef3618ddfa98688b13796b\" tg-width=\"682\" tg-height=\"207\" referrerpolicy=\"no-referrer\"></p><p><b>Commodities</b></p><p>International oil prices fell. The outlook for bunker demand in parts of the world deteriorated. The U.S. State Department issued the highest travel warning on Monday, advising against traveling to Japan. Melbourne, Australia, has tightened restrictions on gatherings in response to a recent outbreak.</p><p>As of press time, the price of U.S. WTI crude oil futures was at US $65.56 per barrel, a decrease of 0.74%; Brent crude oil futures prices were at $67.96 a barrel, an increase of 0.60%.</p><p><img src=\"https://static.tigerbbs.com/da623d8f68c6dda38ef7e951fa93428a\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>Spot gold fell slightly, and the short-term gold price rose weakly, or there may be a risk of a correction.</p><p>As of press time, the price of gold futures in the New York market was at $1,881.30 per ounce, a decrease of 0.17%.</p><p><img src=\"https://static.tigerbbs.com/fe45fc488c11b88ddfbef5ded05c81ff\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></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 Summary: Nanshui exploded to buy A shares, and the \"bull market standard bearer\" pulled up across the board</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 Summary: Nanshui exploded to buy A shares, and the \"bull market standard bearer\" pulled up across the board\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\">2021-05-25 16:48</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><b>Hong Kong Stocks</b></p><p>On May 25 (Tuesday), the Hong Kong stock Hang Seng Index opened higher and moved higher. It was strong throughout the day, closing up 1.75% at 28910.86 points; The state-owned enterprise index rose 1.42%, and the red chip index rose 0.7%.<b>Ou Guansheng, the new chief executive of HKEx, delivered his first public speech since his listing. He said, \"Hong Kong can act as a super gateway to the world's second largest economy, connecting China and the world.\"</b></p><p><img src=\"https://static.tigerbbs.com/831773de4dec7fbea153656bb244b194\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>Benefit from<a href=\"https://laohu8.com/S/03032\">Hang Seng Technology ETF</a>Listed, most technology stocks rose.<a href=\"https://laohu8.com/S/00700\">Tencent Holdings</a>It rose 4.18% and regained the HK $600 mark. Xiaomi Group rose 4.13% and will be re-included in the FTSE Russell Index. At the same time,<a href=\"https://laohu8.com/S/00268\">Kingdee International</a>Up 9.55%,<a href=\"https://laohu8.com/S/02013\">Weimob Group</a>It rose 5.23%, and Meituan rose 2.07%.</p><p>Chinese brokerage stocks rose,<a href=\"https://laohu8.com/S/601995\">CICC</a>Up 10.9%,<a href=\"https://laohu8.com/S/601066\">China Securities Investment</a>Up 9.74%,<a href=\"https://laohu8.com/S/600030\">CITIC Securities</a>Up 6.31%.</p><p>Domestic banks and domestic insurance stocks rose collectively.<a href=\"https://laohu8.com/S/600036\">China Merchants Bank</a>Up 6.33%,<a href=\"https://laohu8.com/S/601658\">Postal Savings Bank</a>Up 4.14%,<a href=\"https://laohu8.com/S/09668\">Bohai Bank</a>Up 3.63%;<a href=\"https://laohu8.com/S/601601\">China Pacific Insurance</a>Up 6.16%,<a href=\"https://laohu8.com/S/00966\">China Taiping</a>Up 2.96%,<a href=\"https://laohu8.com/S/LFC\">China Life Insurance</a>Up 2.75%.</p><p>Mainland education stocks rose,<a href=\"https://laohu8.com/S/09616\">Neusoft education</a>Up 13.82%,<a href=\"https://laohu8.com/S/01769\">Thinking music education</a>Up 4.58%,<a href=\"https://laohu8.com/S/01797\">New oriental online</a>Up 1.82%.<b>Today, Haidian Education Commission clarified that \"educational institutions are not allowed to start classes in summer\" is false news.</b></p><p>Blockchain concept stocks rebounded,<a href=\"https://laohu8.com/S/01611\">Huobi Technology</a>Up 11.19%,<a href=\"https://laohu8.com/S/01499\">Ouke Cloud Chain</a>Up 8.11%,<a href=\"https://laohu8.com/S/08005\">Yuxing Technology</a>Up 5.36%.</p><p><a href=\"https://laohu8.com/S/00388\">HKEX</a>Up 5.37%. Nicolas Aguzin, chief executive of the Hong Kong Stock Exchange, took up his new post yesterday with a contract period of three years. The Champions League promotion package includes a basic annual salary of HK $10 million, which is higher than that of former president Li Xiaojia.</p><p><a href=\"https://laohu8.com/S/01024\">Kuaishou</a>Down 11.46%. Kuaishou's revenue in the first quarter was 17.019 billion yuan, a year-on-year increase of 36.6%; The adjusted loss was 4.918 billion yuan. The average monthly active users of the Kuaishou app in the first quarter were 520 million, compared with 495 million at the end of 2020. The total e-commerce transaction volume in the first quarter was 118.56 billion yuan, a year-on-year increase of 219.8%.</p><p><img src=\"https://static.tigerbbs.com/7cc94d9e0f920b36572baec0f9902e9e\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><b>A Shares</b></p><p>Today, A-shares rose unilaterally throughout the day, and all three major indexes hit new highs in this round of rebound. The turnover of the two cities once again stood at one trillion after three months.<b>Northbound funds made a substantial net purchase of 21.723 billion yuan throughout the day, surpassing the 21.43 billion yuan created on November 26, 2019 and setting a new record high.</b>The brokerage sector once again ushered in an outbreak, and financial sectors such as banking and insurance also performed well, becoming the core force driving the stock index to rise.</p><p>As of the close, the Shanghai Composite Index rose 2.40% to close at 3581.34 points; The Shenzhen Component Index rose 2.34% to close at 14846.45 points; The ChiNext Index rose 2.79% to close at 3227.36 points. The Innovation and Technology 50 Index rose 2.95% to close at 1370.12 points. The FTSE China A50 Index rose 4.13% to close at 18233.27 points.</p><p><img src=\"https://static.tigerbbs.com/d47a5493a6e4924a35615dc2264d7776\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>Baotuan stocks exploded,<a href=\"https://laohu8.com/S/600519\">Kweichow Moutai</a>、<a href=\"https://laohu8.com/S/000858\">Wuliangye</a>、<a href=\"https://laohu8.com/S/000568\">Luzhou Old Cellar</a>Three high-end liquors led the gains in liquor stocks;<a href=\"https://laohu8.com/S/601066\">China Securities Investment</a>And<a href=\"https://laohu8.com/S/601995\">CICC</a>The daily limit of the two leading brokerages;<a href=\"https://laohu8.com/S/300059\">Oriental Fortune</a>、<a href=\"https://laohu8.com/S/600036\">China Merchants Bank</a>、<a href=\"https://laohu8.com/S/002475\">Luxshare Precision</a>Waiting for group stocks also rose sharply.</p><p>A few sectors such as electricity, oil, and Kuaishou concept fell slightly.<a href=\"https://laohu8.com/S/000651\">Gree Electric</a>Bucking the market trend, it fell 1.60% to 55.89 yuan, a new low for the year.</p><p><b>US stocks</b></p><p>The three major U.S. stock index futures rose collectively, with Nasdaq futures leading the gains.</p><p><img src=\"https://static.tigerbbs.com/545cab3d1bedce3ee2d3d57a3518fbdc\" tg-width=\"698\" tg-height=\"252\" referrerpolicy=\"no-referrer\"></p><p><a href=\"https://laohu8.com/S/BEKE\">Shells</a>The pre-market decline narrowed to 2.1% after the company clarified that \"being investigated by the State Administration for Market Regulation\" was false news.</p><p>Most Chinese concept education stocks rebounded before the market,<a href=\"https://laohu8.com/S/EDU\">New Oriental</a>Up more than 15%,<a href=\"https://laohu8.com/S/TAL\">TAL</a>Rose more than 11%,<a href=\"https://laohu8.com/S/GOTU\">High Road</a>Up nearly 10%. Today, the Education Commission of Haidian District, Beijing refuted the rumor that \"stopping training institutions from running schools in summer\" was false news.</p><p><b>European stock markets</b></p><p>Major European stock markets were higher across the board.<a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>Looking ahead, considering the substantial improvement in vaccinations in COVID-19 vaccine, upcoming fiscal support measures, and the large discount rate of European stock markets relative to U.S. stock markets (European stock markets can both enter a cyclical recovery and hedge against inflation risks), European stock markets should continue to be supported, the report said.</p><p><img src=\"https://static.tigerbbs.com/8142adccbdef3618ddfa98688b13796b\" tg-width=\"682\" tg-height=\"207\" referrerpolicy=\"no-referrer\"></p><p><b>Commodities</b></p><p>International oil prices fell. The outlook for bunker demand in parts of the world deteriorated. The U.S. State Department issued the highest travel warning on Monday, advising against traveling to Japan. Melbourne, Australia, has tightened restrictions on gatherings in response to a recent outbreak.</p><p>As of press time, the price of U.S. WTI crude oil futures was at US $65.56 per barrel, a decrease of 0.74%; Brent crude oil futures prices were at $67.96 a barrel, an increase of 0.60%.</p><p><img src=\"https://static.tigerbbs.com/da623d8f68c6dda38ef7e951fa93428a\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>Spot gold fell slightly, and the short-term gold price rose weakly, or there may be a risk of a correction.</p><p>As of press time, the price of gold futures in the New York market was at $1,881.30 per ounce, a decrease of 0.17%.</p><p><img src=\"https://static.tigerbbs.com/fe45fc488c11b88ddfbef5ded05c81ff\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/a5d11890cd6ccd454a56d86737fd3353","relate_stocks":{"000001.SH":"上证指数","HSI":"恒生指数"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1119328389","content_text":"港股5月25日（周二），港股恒生指数高开高走，全天强势，收盘涨1.75%，报28910.86点；国企指数涨1.42%，红筹指数涨0.7%。港交所新任行政总裁欧冠升发表上市以来首次公开演讲，他表示“香港能够担当全球第二大经济体的超级门户，连接中国与世界。”受益于恒生科技ETF上市，科技股多数上涨。腾讯控股涨4.18%，收复600港元关口。小米集团涨4.13%，将重新被纳入富时罗素部分指数。同时，金蝶国际涨9.55%，微盟集团涨5.23%，美团涨2.07%。中资券商股上涨，中金公司涨10.9%，中信建投涨9.74%，中信证券涨6.31%。内银、内险股集体上涨。招商银行涨6.33%，邮储银行涨4.14%，渤海银行涨3.63%；中国太保涨6.16%，中国太平涨2.96%，中国人寿涨2.75%。内地教育股上涨，东软教育涨13.82%，思考乐教育涨4.58%，新东方在线涨1.82%。今日，海淀教委澄清“教育机构暑期不许开课”为假消息。区块链概念股反弹，火币科技涨11.19%，欧科云链涨8.11%，裕兴科技涨5.36%。香港交易所涨5.37%。港交所行政总裁欧冠升（Nicolas Aguzin）昨日起履新，合约期为3年。欧冠升报酬待遇包括基本年薪1000万港元，高于前任总裁李小加。快手跌11.46%。快手第一季度营收170.19亿元，同比增36.6%；经调整亏损49.18亿元。第一季度快手应用的平均月活跃用户为5.2亿，2020年底为4.95亿。一季度电商交易总额为1185.6亿元，同比增219.8%。A股今日A股全天单边上扬，三大指数均创出本轮反弹新高，两市成交额时隔3个月再度站上万亿。北向资金全天大幅净买入217.23亿元，超越2019年11月26日创造的214.3亿元，刷新历史新高。券商板块再度迎来爆发，银行、保险等金融板块同样表现不俗，成为带动股指上涨的核心力量。截至收盘，上证综指涨2.40%，收于3581.34点；深证成指涨2.34%，收于14846.45点；创业板指数涨2.79%，收于3227.36点。创科50指数涨2.95%，收于1370.12点。富时中国A50指数涨4.13%，收于18233.27点。抱团股爆发，贵州茅台、五粮液、泸州老窖三大高端白酒领涨白酒股；中信建投和中金公司两大头部券商涨停；东方财富、招商银行、立讯精密等抱团股也大幅上涨。电力、石油、快手概念等少数板块小幅下跌。格力电器逆市下跌1.60%，报55.89元，创年内新低。美股美股三大指数期货集体上涨，纳指期货涨幅居前。贝壳盘前跌幅收窄至2.1%，此前公司澄清“被市场监管总局立案调查”为假消息。中概教育股盘前多数反弹，新东方涨超15%，好未来涨超11%，高途涨近10%。今日北京海淀区教育委员会辟谣，称“叫停培训机构暑期办学”为假消息。欧洲股市欧洲主要股市全线走高。摩根大通报告称，展望未来，考虑到新冠疫苗接种大幅改善、即将出台的财政支持措施，以及欧洲股市相对于美国股市的估值大幅贴现率(欧洲股市既能进入周期性复苏，又能对冲通胀风险)，欧洲股市应会继续受到支撑。大宗商品国际油价下跌。世界部分地区的燃油需求前景恶化。美国国务院周一发布最高级旅行警告，建议不要前往日本。澳大利亚墨尔本收紧了集会限制，以应对最近爆发的疫情。截至发稿，美国WTI原油期货价格报65.56美元每桶，跌幅0.74%；布伦特原油期货价格报67.96美元每桶，涨幅0.60%。现货黄金小幅下跌，短线金价上涨乏力，或有回调的风险。截至发稿，纽约市场黄金期货价格报1881.30美元每盎司，跌幅0.17%。","news_type":1,"symbols_score_info":{"000001.SH":0.9,"HSI":0.9}},"isVote":1,"tweetType":1,"viewCount":2353,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":138230978,"gmtCreate":1621941177294,"gmtModify":1704364807277,"author":{"id":"3581155580868820","authorId":"3581155580868820","name":"风雪腊梅","avatar":"https://static.tigerbbs.com/6098bb5390cb75567a6e67bf6a793e29","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581155580868820","idStr":"3581155580868820"},"themes":[],"htmlText":"???","listText":"???","text":"???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/138230978","repostId":"2137158515","repostType":2,"repost":{"id":"2137158515","kind":"news","pubTimestamp":1621865791,"share":"https://ttm.financial/m/news/2137158515?lang=en_US&edition=fundamental","pubTime":"2021-05-24 22:16","market":"sh","language":"zh","title":"520 said to break up, why was Nio \"abandoned\"?","url":"https://stock-news.laohu8.com/highlight/detail?id=2137158515","media":"36氪","summary":"携手多年，蔚来与传统车企的两段“恋情”均无疾而终。\n5月20日，这一天因谐音被年轻人视作另一个情人节。长安汽车却在这一天发布了一则“分手”公告，其控股子公司“长安蔚来”正式更名为阿维塔科技。阿维塔科技","content":"<p>After many years of hand in hand, Nio's two \"romances\" with traditional car companies ended in vain.</p><p>May 20th, this day is regarded by young people as another Valentine's Day because of its homophony.<a href=\"https://laohu8.com/S/000625\">Changan Automobile</a>However, a \"breakup\" announcement was issued on this day, and its holding subsidiary \"Changan Nio\" officially changed its name to Avita Technology. Avita Technology will operate completely in the market, operate independently, and develop independently, and cooperate with Changan Automobile, Huawei,<a href=\"https://laohu8.com/S/300750\">Ningde era</a>Together to create<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>Electric Connected Vehicle Platform (CHN) to create a smart car product series.</p><p>With the establishment of Avita Technology, Nio's role in Changan's project to build a high-end new energy brand has become even more diluted. Tianyancha shows that Nio holds only 4.62% of the company's shares.</p><p>On the other hand, GAC and Nio also silently ended their relationship. On April 6, GAC Nio officially changed its name to Hechuang Technology. Tianyancha shows that Nio's shares were diluted to only 4.4589%. Li Bin, founder and chairman of Nio, withdrew from the legal representative of GAC Nio in January this year.</p><p>Nio's two relationships both started in 2017. In April and December of that year, Nio and Changan Automobile,<a href=\"https://laohu8.com/S/601238\">GAC Group</a>Signed a strategic cooperation agreement. \"Just like falling in love and getting married, you will observe many people at first, and finally you will choose the most suitable one.\" Zhu Huarong, chairman of Changan Automobile, once said at the signing ceremony.</p><p>It seems that the \"most suitable\" partner at the beginning is no longer suitable, but after joining hands with newcomers, the road to high-end new energy for Changan and GAC may still not be easy.</p><p><b>1</b></p><p><b>The story behind the breakup</b></p><p>According to Li Bin's earlier statement, the joint venture project between Nio and Changan is actually a kind of \"taking advantage of each\". Nio needs to rely on Changan's strength in R&D, manufacturing and supply chain, while Changan has expectations for Nio's three-power and intelligent technological advantages.</p><p>In August 2018, Changan Nio settled in Nanjing Jiangning Development Zone. After that, Changan Nio has made little substantial progress. For more than two years, Changan Nio's strategic planning, brand LOGO and products have not made progress.</p><p><img src=\"https://static.tigerbbs.com/b8d4a5af89da269277bcc7ed798c41ec\" tg-width=\"550\" tg-height=\"367\" referrerpolicy=\"no-referrer\">Source: Changan Nio official</p><p>Under this circumstance, Chang'an can't sit still. In June 2020, Changan Nio underwent industrial and commercial changes. Tan Benhong, executive vice president of Changan Automobile, succeeded Li Bin as chairman of Changan Nio. Through cash capital increase and other means, Changan's total stake in Changan Nio increased to 95.38%, while Nio only held 4.62%.</p><p>Regarding \"giving up\" Nio,<a href=\"https://laohu8.com/S/600030\">CITIC Securities</a>Wang Yuan, an automobile analyst, believes that Changan originally \"hoped to build its own mid-to-high-end brand with the help of Changan Nio's team\", but Changan Nio made slow progress. After adjusting the equity, \"Changan can firmly control Changan Nio in its own hands\", which is convenient to control the pace of brand planning.</p><p>But in fact, Nio has its own difficulties.</p><p>Shortly after Changan Nio settled in Nanjing, Nio entered the \"most difficult 2019\", and Li Bin was also ridiculed as \"the worst person in 2019\". In 2019, Nio encountered negative events such as spontaneous combustion of vehicles and squatting, and its performance was also \"terrible\". The financial report shows that Nio lost more than 11 billion yuan in 2019, with an average monthly sales volume of less than 2,000 vehicles. At that time, Nio \"seemed to have more than enough energy for joint venture projects\".</p><p>It was not until April 29 last year that Nio's Chinese headquarters settled in Hefei and successfully won a strategic investment of 7 billion yuan that the situation in Nio improved. \"But Nio, who got life-saving money, may be more concerned about saving himself.\"</p><p>Compared with Changan Nio, GAC Nio \"runs faster\".</p><p>On April 10, 2018, GAC Nio was officially established. A year later, GAC Nio released its new brand-\"HYCAN Hechuang\" and launched its first mass-produced model 007.</p><p><img src=\"https://static.tigerbbs.com/41421e69999953af1285c6b40308adef\" tg-width=\"550\" tg-height=\"366\" referrerpolicy=\"no-referrer\">Source:<a href=\"https://laohu8.com/S/02238\">GAC Group</a>official</p><p>According to the official introduction, GAC Nio 007 was born on the pure electric GEP2.0 platform of GAC New Energy Intelligent Ecological Factory, and also incorporates Nio's intelligent technology genes. Therefore, 007 is called \"Little Nio\" by the market, and GAC has set a sales target of \"15,000 vehicles in 2020\" for 007.</p><p>However, GAC Nio has not been recognized by consumers. According to data from the Passenger Car Association, GAC Nio sold only 659 vehicles in 2020, and the sales volume was bleak.</p><p>Xiao Ming, a sales consultant of GAC Nio, analyzed to Future Auto Daily (ID: auto-time) that as a brand jointly invested and independently operated by GAC and Nio, \"many consumers simply can't tell the difference between GAC Nio and Nio.\" 007 is very similar to GAC AION LX, Nio ES6 and other models in many aspects, and the problem of homogeneity is prominent.</p><p>In addition, GAC Nio has experienced many marketing accidents, which have greatly affected its brand image. This may have aggravated the \"disintegration\" between GAC and Nio.</p><p>At the end of 2020, GAC Nio officially<a href=\"https://laohu8.com/S/WB\">Weibo</a>Announced the acceptance of digital currency car purchases. Since Bitcoin is not legal tender in China, GAC Nio was quickly criticized by netizens and media. Two hours later, the official deleted this Weibo.</p><p><img src=\"https://static.tigerbbs.com/7ea7142fe3de9dcc9fcba4e31b6eafae\" tg-width=\"550\" tg-height=\"610\" referrerpolicy=\"no-referrer\">Source: Nio official</p><p>\"The [extraordinary] performance in marketing may be due to financial constraints,\" Xiao Ming said. Tianyancha shows that the registered capital of GAC Nio is 500 million yuan. GAC Nio has not received public financing for more than two years since its establishment. Its announcement shows that it did not receive strategic investment of 2.405 billion yuan from Zhujiang Investment Management and GAC Aian until January this year.</p><p>\"GAC Nio is short of money, but Nio may not have enough money and energy to run GAC Nio.\" Wang Yuan believes.</p><p>However, Qin Lihong, co-founder and president of Nio Automobile, once clarified that although it faces some financial challenges, the money invested in the joint venture company has not been affected. \"Their development (setbacks) (GAC Nio and Changan Nio) is not (simply because of) money.\"</p><p>\"Nio will always bless and help them (Changan Nio and GAC Nio), but they need to find their own way.\"</p><p><b>2</b></p><p><b>How to realize their respective \"high-end dreams\"?</b></p><p>After giving up Nio, Changan found new partners-Huawei and CATL.</p><p>According to Changan Automobile, Huawei will give full play to its ICT technology advantages and jointly build full value chain links such as R&D, channels, services, and ecology with Avita Technology to provide users with full-stack smart car solutions and achieve the intelligent level of electric vehicles. As a power battery provider and new energy solution service provider, CATL empowers Avita Technology with smart electric vehicle power battery technology to jointly create a safe and convenient energy ecosystem.</p><p><img src=\"https://static.tigerbbs.com/395d65636f06d67a7219b5c99a09baf7\" tg-width=\"550\" tg-height=\"303\" referrerpolicy=\"no-referrer\">Source: Huawei official</p><p>Joining hands with Huawei may be the best choice for Changan to accelerate its smart electric vehicle business. After all, several car companies currently joining hands with Huawei have \"tasted the sweetness\". Work with Huawei to create the Cyrus SF5<a href=\"https://laohu8.com/S/601127\">Xiaokang shares</a>Xiti'S stock price doubled, and BAIC, which jointly released the Polar Fox Alpha S with Huawei, also ushered in a continuous surge.</p><p>But on the other hand, if Changan wants to achieve success in the field of high-end new energy vehicles and grasp funds and technology in its own hands, Changan has to rely on itself. After all, Huawei has many automotive customers, and how to obtain differentiated advantages is a difficult problem.</p><p>\"I tried this model (of cooperation between car companies and Huawei) in UC before, and then I died miserably.\"<a href=\"https://laohu8.com/S/XPEV\">XPeng vehicles</a>He XPeng, the chairman of the board, said bluntly in an interview with the media. He believes that car companies rely on Huawei, just as mobile phone manufacturers hand over operating systems to outsiders. This kind of cooperation is very challenging. Only<a href=\"https://laohu8.com/S/AAPL\">Apple</a>Only by adopting the vertical integration mode of software and hardware integration can we control the core competitiveness in our own hands.</p><p>On May 24, Huawei issued another statement reiterating, \"So far, we have not invested in any car companies. We will not invest in any car companies in the future, let alone hold shares or participate in shares.\"</p><p>As if foreseeing that Huawei was so \"absolute\", after Changan Nio changed its name to Avita Technology, Changan Automobile's stock price fell by 6.30%, which was completely opposite to the previous skyrocketing stock prices of \"Huawei automobile concept stocks\" such as Xiaokang shares.</p><p>GAC Nio found a new partner-Zhujiang Investment Management in January this year.</p><p><img src=\"https://static.tigerbbs.com/af7ff90335425adbb55651f2f1a44354\" tg-width=\"550\" tg-height=\"366\" referrerpolicy=\"no-referrer\">Source: Hechuang Automobile</p><p>On January 6, GAC Group announced that it agreed to its joint venture company GAC Nio to implement a capital increase and share expansion plan by introducing strategic investors GAC Aian and Zhujiang Investment Management, and signed an agreement related to capital increase and share expansion, with a total capital increase of approximately 2.405 billion yuan.</p><p>According to the plan, GAC Nio hopes to deliver 250,000 vehicles in 2025, with a total output value of over 40 billion yuan. In terms of new cars, GAC Nio will launch A-class sedans and A-class SUVs this year based on GAC Aian models. The price of A-class sedans may be set at less than 200,000 yuan.</p><p>On April 6, GAC Nio officially changed its name to Hechuang Technology. Angelababy, CEO of Hechuang Automobile, believes that \"Zhujiang Investment Management Group has a layout in forward-looking technology fields such as artificial intelligence, big data application, blockchain, intelligent manufacturing, data supercomputing and processing, as well as new retailer super-format fields such as Heshenghui. Hechuang Automobile can take advantage of these advantages to participate in multiple car scenarios of consumers and provide a better service experience.\"</p><p>Despite the confidence of the top management, the embarrassing reality cannot be ignored. Competitive pressure from fellow brother GAC Aian still exists. How to clearly distinguish Hechuang's new cars from GAC Aian's products is an unavoidable problem.</p><p>(At the request of the interviewee, some characters in the article are pseudonyms)</p>","source":"sina_symbol","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>520 said to break up, why was Nio \"abandoned\"?</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\">\n520 said to break up, why was Nio \"abandoned\"?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">36氪</strong><span class=\"h-time small\">2021-05-24 22:16</span>\n</p>\n</h4>\n</header>\n<article>\n<p>After many years of hand in hand, Nio's two \"romances\" with traditional car companies ended in vain.</p><p>May 20th, this day is regarded by young people as another Valentine's Day because of its homophony.<a href=\"https://laohu8.com/S/000625\">Changan Automobile</a>However, a \"breakup\" announcement was issued on this day, and its holding subsidiary \"Changan Nio\" officially changed its name to Avita Technology. Avita Technology will operate completely in the market, operate independently, and develop independently, and cooperate with Changan Automobile, Huawei,<a href=\"https://laohu8.com/S/300750\">Ningde era</a>Together to create<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>Electric Connected Vehicle Platform (CHN) to create a smart car product series.</p><p>With the establishment of Avita Technology, Nio's role in Changan's project to build a high-end new energy brand has become even more diluted. Tianyancha shows that Nio holds only 4.62% of the company's shares.</p><p>On the other hand, GAC and Nio also silently ended their relationship. On April 6, GAC Nio officially changed its name to Hechuang Technology. Tianyancha shows that Nio's shares were diluted to only 4.4589%. Li Bin, founder and chairman of Nio, withdrew from the legal representative of GAC Nio in January this year.</p><p>Nio's two relationships both started in 2017. In April and December of that year, Nio and Changan Automobile,<a href=\"https://laohu8.com/S/601238\">GAC Group</a>Signed a strategic cooperation agreement. \"Just like falling in love and getting married, you will observe many people at first, and finally you will choose the most suitable one.\" Zhu Huarong, chairman of Changan Automobile, once said at the signing ceremony.</p><p>It seems that the \"most suitable\" partner at the beginning is no longer suitable, but after joining hands with newcomers, the road to high-end new energy for Changan and GAC may still not be easy.</p><p><b>1</b></p><p><b>The story behind the breakup</b></p><p>According to Li Bin's earlier statement, the joint venture project between Nio and Changan is actually a kind of \"taking advantage of each\". Nio needs to rely on Changan's strength in R&D, manufacturing and supply chain, while Changan has expectations for Nio's three-power and intelligent technological advantages.</p><p>In August 2018, Changan Nio settled in Nanjing Jiangning Development Zone. After that, Changan Nio has made little substantial progress. For more than two years, Changan Nio's strategic planning, brand LOGO and products have not made progress.</p><p><img src=\"https://static.tigerbbs.com/b8d4a5af89da269277bcc7ed798c41ec\" tg-width=\"550\" tg-height=\"367\" referrerpolicy=\"no-referrer\">Source: Changan Nio official</p><p>Under this circumstance, Chang'an can't sit still. In June 2020, Changan Nio underwent industrial and commercial changes. Tan Benhong, executive vice president of Changan Automobile, succeeded Li Bin as chairman of Changan Nio. Through cash capital increase and other means, Changan's total stake in Changan Nio increased to 95.38%, while Nio only held 4.62%.</p><p>Regarding \"giving up\" Nio,<a href=\"https://laohu8.com/S/600030\">CITIC Securities</a>Wang Yuan, an automobile analyst, believes that Changan originally \"hoped to build its own mid-to-high-end brand with the help of Changan Nio's team\", but Changan Nio made slow progress. After adjusting the equity, \"Changan can firmly control Changan Nio in its own hands\", which is convenient to control the pace of brand planning.</p><p>But in fact, Nio has its own difficulties.</p><p>Shortly after Changan Nio settled in Nanjing, Nio entered the \"most difficult 2019\", and Li Bin was also ridiculed as \"the worst person in 2019\". In 2019, Nio encountered negative events such as spontaneous combustion of vehicles and squatting, and its performance was also \"terrible\". The financial report shows that Nio lost more than 11 billion yuan in 2019, with an average monthly sales volume of less than 2,000 vehicles. At that time, Nio \"seemed to have more than enough energy for joint venture projects\".</p><p>It was not until April 29 last year that Nio's Chinese headquarters settled in Hefei and successfully won a strategic investment of 7 billion yuan that the situation in Nio improved. \"But Nio, who got life-saving money, may be more concerned about saving himself.\"</p><p>Compared with Changan Nio, GAC Nio \"runs faster\".</p><p>On April 10, 2018, GAC Nio was officially established. A year later, GAC Nio released its new brand-\"HYCAN Hechuang\" and launched its first mass-produced model 007.</p><p><img src=\"https://static.tigerbbs.com/41421e69999953af1285c6b40308adef\" tg-width=\"550\" tg-height=\"366\" referrerpolicy=\"no-referrer\">Source:<a href=\"https://laohu8.com/S/02238\">GAC Group</a>official</p><p>According to the official introduction, GAC Nio 007 was born on the pure electric GEP2.0 platform of GAC New Energy Intelligent Ecological Factory, and also incorporates Nio's intelligent technology genes. Therefore, 007 is called \"Little Nio\" by the market, and GAC has set a sales target of \"15,000 vehicles in 2020\" for 007.</p><p>However, GAC Nio has not been recognized by consumers. According to data from the Passenger Car Association, GAC Nio sold only 659 vehicles in 2020, and the sales volume was bleak.</p><p>Xiao Ming, a sales consultant of GAC Nio, analyzed to Future Auto Daily (ID: auto-time) that as a brand jointly invested and independently operated by GAC and Nio, \"many consumers simply can't tell the difference between GAC Nio and Nio.\" 007 is very similar to GAC AION LX, Nio ES6 and other models in many aspects, and the problem of homogeneity is prominent.</p><p>In addition, GAC Nio has experienced many marketing accidents, which have greatly affected its brand image. This may have aggravated the \"disintegration\" between GAC and Nio.</p><p>At the end of 2020, GAC Nio officially<a href=\"https://laohu8.com/S/WB\">Weibo</a>Announced the acceptance of digital currency car purchases. Since Bitcoin is not legal tender in China, GAC Nio was quickly criticized by netizens and media. Two hours later, the official deleted this Weibo.</p><p><img src=\"https://static.tigerbbs.com/7ea7142fe3de9dcc9fcba4e31b6eafae\" tg-width=\"550\" tg-height=\"610\" referrerpolicy=\"no-referrer\">Source: Nio official</p><p>\"The [extraordinary] performance in marketing may be due to financial constraints,\" Xiao Ming said. Tianyancha shows that the registered capital of GAC Nio is 500 million yuan. GAC Nio has not received public financing for more than two years since its establishment. Its announcement shows that it did not receive strategic investment of 2.405 billion yuan from Zhujiang Investment Management and GAC Aian until January this year.</p><p>\"GAC Nio is short of money, but Nio may not have enough money and energy to run GAC Nio.\" Wang Yuan believes.</p><p>However, Qin Lihong, co-founder and president of Nio Automobile, once clarified that although it faces some financial challenges, the money invested in the joint venture company has not been affected. \"Their development (setbacks) (GAC Nio and Changan Nio) is not (simply because of) money.\"</p><p>\"Nio will always bless and help them (Changan Nio and GAC Nio), but they need to find their own way.\"</p><p><b>2</b></p><p><b>How to realize their respective \"high-end dreams\"?</b></p><p>After giving up Nio, Changan found new partners-Huawei and CATL.</p><p>According to Changan Automobile, Huawei will give full play to its ICT technology advantages and jointly build full value chain links such as R&D, channels, services, and ecology with Avita Technology to provide users with full-stack smart car solutions and achieve the intelligent level of electric vehicles. As a power battery provider and new energy solution service provider, CATL empowers Avita Technology with smart electric vehicle power battery technology to jointly create a safe and convenient energy ecosystem.</p><p><img src=\"https://static.tigerbbs.com/395d65636f06d67a7219b5c99a09baf7\" tg-width=\"550\" tg-height=\"303\" referrerpolicy=\"no-referrer\">Source: Huawei official</p><p>Joining hands with Huawei may be the best choice for Changan to accelerate its smart electric vehicle business. After all, several car companies currently joining hands with Huawei have \"tasted the sweetness\". Work with Huawei to create the Cyrus SF5<a href=\"https://laohu8.com/S/601127\">Xiaokang shares</a>Xiti'S stock price doubled, and BAIC, which jointly released the Polar Fox Alpha S with Huawei, also ushered in a continuous surge.</p><p>But on the other hand, if Changan wants to achieve success in the field of high-end new energy vehicles and grasp funds and technology in its own hands, Changan has to rely on itself. After all, Huawei has many automotive customers, and how to obtain differentiated advantages is a difficult problem.</p><p>\"I tried this model (of cooperation between car companies and Huawei) in UC before, and then I died miserably.\"<a href=\"https://laohu8.com/S/XPEV\">XPeng vehicles</a>He XPeng, the chairman of the board, said bluntly in an interview with the media. He believes that car companies rely on Huawei, just as mobile phone manufacturers hand over operating systems to outsiders. This kind of cooperation is very challenging. Only<a href=\"https://laohu8.com/S/AAPL\">Apple</a>Only by adopting the vertical integration mode of software and hardware integration can we control the core competitiveness in our own hands.</p><p>On May 24, Huawei issued another statement reiterating, \"So far, we have not invested in any car companies. We will not invest in any car companies in the future, let alone hold shares or participate in shares.\"</p><p>As if foreseeing that Huawei was so \"absolute\", after Changan Nio changed its name to Avita Technology, Changan Automobile's stock price fell by 6.30%, which was completely opposite to the previous skyrocketing stock prices of \"Huawei automobile concept stocks\" such as Xiaokang shares.</p><p>GAC Nio found a new partner-Zhujiang Investment Management in January this year.</p><p><img src=\"https://static.tigerbbs.com/af7ff90335425adbb55651f2f1a44354\" tg-width=\"550\" tg-height=\"366\" referrerpolicy=\"no-referrer\">Source: Hechuang Automobile</p><p>On January 6, GAC Group announced that it agreed to its joint venture company GAC Nio to implement a capital increase and share expansion plan by introducing strategic investors GAC Aian and Zhujiang Investment Management, and signed an agreement related to capital increase and share expansion, with a total capital increase of approximately 2.405 billion yuan.</p><p>According to the plan, GAC Nio hopes to deliver 250,000 vehicles in 2025, with a total output value of over 40 billion yuan. In terms of new cars, GAC Nio will launch A-class sedans and A-class SUVs this year based on GAC Aian models. The price of A-class sedans may be set at less than 200,000 yuan.</p><p>On April 6, GAC Nio officially changed its name to Hechuang Technology. Angelababy, CEO of Hechuang Automobile, believes that \"Zhujiang Investment Management Group has a layout in forward-looking technology fields such as artificial intelligence, big data application, blockchain, intelligent manufacturing, data supercomputing and processing, as well as new retailer super-format fields such as Heshenghui. Hechuang Automobile can take advantage of these advantages to participate in multiple car scenarios of consumers and provide a better service experience.\"</p><p>Despite the confidence of the top management, the embarrassing reality cannot be ignored. Competitive pressure from fellow brother GAC Aian still exists. How to clearly distinguish Hechuang's new cars from GAC Aian's products is an unavoidable problem.</p><p>(At the request of the interviewee, some characters in the article are pseudonyms)</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://36kr.com/p/1238480617460099\">36氪</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/41421e69999953af1285c6b40308adef","relate_stocks":{"601238":"广汽集团","NIO":"蔚来","000625":"长安汽车"},"source_url":"https://36kr.com/p/1238480617460099","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2137158515","content_text":"携手多年，蔚来与传统车企的两段“恋情”均无疾而终。\n5月20日，这一天因谐音被年轻人视作另一个情人节。长安汽车却在这一天发布了一则“分手”公告，其控股子公司“长安蔚来”正式更名为阿维塔科技。阿维塔科技将完全市场化运作，独立经营，独立发展，与长安汽车、华为、宁德时代携手共创智能电动网联汽车平台（CHN），打造智能汽车产品系列。\n伴随着阿维塔科技的成立，长安打造高端新能源品牌的项目里，蔚来的角色更加淡化。天眼查显示，蔚来所持该公司股份仅剩4.62%。\n另一边，广汽和蔚来也默默结束了恋情。4月6日，广汽蔚来正式更名为合创科技。天眼查显示，蔚来股份被稀释到仅剩4.4589%，蔚来创始人、董事长李斌于今年1月退出广汽蔚来法定代表人。\n蔚来的两段恋情均开始于2017年，当年4月和12月，蔚来分别和长安汽车、广汽集团签署了战略合作协议。“就像谈恋爱结婚一样，最初会观察很多人，最后会选择最合适的那个。”签约仪式上，长安汽车董事长朱华荣曾这样说道。\n当初“最合适”的合作对象似乎已不再适宜，但携手新人后，长安和广汽的高端新能源之路或许仍不轻松。\n1\n分手背后的故事\n按照李斌早前的说法，蔚来与长安的合资项目其实是一种“各取所长”。蔚来需要借助长安在研发制造与供应链方面的实力，长安则对蔚来的三电、智能化技术优势抱有期望。\n2018年8月，长安蔚来落户于南京江宁开发区。在此之后，长安蔚来却鲜有实质性进展。两年多时间，长安蔚来的战略规划、品牌LOGO和产品并无进展。\n来源：长安蔚来官方\n在此情况下，长安有些坐不住了。2020年6月，长安蔚来发生工商变更。长安汽车执行副总裁谭本宏接替李斌成为长安蔚来的董事长。通过现金增资等方式，长安合计持有长安蔚来的股权增加至95.38%，蔚来仅持有4.62%。\n关于“放弃”蔚来，中信证券汽车分析师王媛认为，长安本来“希望借助长安蔚来的团队打造自己的中高端品牌”，但长安蔚来进展缓慢，调整股权后“长安可以将长安蔚来的控制权紧紧掌握在自己手中”，便于掌控品牌规划的节奏。\n但其实，蔚来有自己的苦衷。\n长安蔚来落户南京不久后，蔚来便步入“最艰难的2019年”，李斌也被调侃为“2019最惨的人”。2019年，蔚来遭遇了车辆自燃、趴窝等负面事件，业绩也“惨不忍睹”。财报显示，2019年蔚来亏损超过110亿元，月均销量不足2000辆。彼时的蔚来，“对合资项目似乎心有余而力不足”。\n直到去年4月29日，蔚来中国总部入驻合肥，并顺利拿下70亿元战略投资，蔚来的情况才有所好转。“但拿到救命钱的蔚来，更关注的可能是救自己。”\n相较于长安蔚来，广汽蔚来算“跑得比较快”。\n2018年4月10日，广汽蔚来正式成立。一年后，广汽蔚来便发布了旗下全新品牌——“HYCAN 合创”，并推出了首款量产车型007。\n来源：广汽集团官方\n据官方介绍，广汽蔚来007诞生于广汽新能源智能生态工厂纯电GEP2.0平台，同时融入了蔚来的智能化科技基因。因此，007被市场称为“小蔚来”，广汽为007制定了“2020年1.5万辆”的销量目标。\n然而，广汽蔚来并未获得消费者的认可。乘联会数据显示，广汽蔚来2020年销量仅659辆，销量惨淡。\n广汽蔚来销售顾问肖明向未来汽车日报（ID：auto-time）分析称，作为由广汽和蔚来共同投资且独立运营的品牌，“很多消费者根本分不清广汽蔚来和蔚来有什么区别”，007与广汽AION LX、蔚来ES6等车型在很多方面十分雷同，同质化问题突出。\n此外，广汽蔚来还发生过多次营销事故，品牌形象大受影响。这或许加剧了广汽与蔚来的“分崩离析”。\n2020年末，广汽蔚来在官方微博宣布接受数字货币购车。由于比特币在中国并非法定货币，广汽蔚来迅速遭到网友和媒体的批评，两个小时后，官方删除了此条微博。\n来源：蔚来官方\n“在营销方面的（出格）表现或许是因为受困于资金限制”，肖明称。天眼查显示，广汽蔚来的注册资金为5亿元人民币。广汽蔚来成立两年多未获得公开融资，其发布的公告显示，直到今年1月才获得珠江投管和广汽埃安的24.05亿元战略投资。\n“广汽蔚来缺钱，但蔚来可能没有充足的钱和精力去经营广汽蔚来。”王媛认为。\n不过，蔚来汽车联合创始人、总裁秦力洪曾澄清道，虽然在财务方面面临一些挑战，但是投向合资公司的钱并未受影响，“它们（广汽蔚来和长安蔚来）的发展（遇挫），也不是（单纯因为）钱的问题 ”。\n“蔚来永远祝福、帮助它们（长安蔚来和广汽蔚来），但是它们的路需要自己去找。”\n2\n各自的“高端梦”如何实现？\n放弃蔚来后，长安找到了新的伴侣——华为和宁德时代。\n据长安汽车介绍，华为将发挥其ICT技术优势，与阿维塔科技联合构建研发、渠道、服务、生态等全价值链环节，为用户提供全栈智能汽车解决方案，实现电动汽车智能化水平。宁德时代作为动力电池提供商和新能源解决方案服务商，以智能电动汽车动力电池技术赋能阿维塔科技，共创安全便捷的能源生态系统。\n来源：华为官方\n联手华为，或许是长安加速推进智能电动车业务最好的选择。毕竟，目前牵手华为的几家车企均“尝到了甜头”。与华为共同打造赛力斯 SF5 的小康股份喜提股价翻倍，与华为联合发布极狐阿尔法 S 的北汽也迎来连续大涨。\n但另一方面，要想在高端新能源车领域有所成就，将资金和技术抓在自己手中，长安还得靠自己。毕竟，华为的汽车客户众多，如何取得差异化优势，是个难题。\n“（车企与华为合作的）这种模式，以前我在UC尝试过，后来死得很惨。”小鹏汽车董事长何小鹏接受媒体采访时曾直言。他认为，车企依赖华为，就像手机制造商把操作系统交给外人来做，这种合作方式挑战很大。只有苹果采用的软硬件一体化的垂直整合模式，才能把核心竞争力掌握在自己手里。\n5月24日，华为再次发布声明重申道，“至今为止，我们并未投资任何车企。未来也不会投资任何车企，更不会控股、参股。”\n仿佛是预见到华为如此“绝然”，在长安蔚来更名为阿维塔科技后，长安汽车的股价下跌6.30%，与此前小康股份等“华为汽车概念股”股价疯涨截然相反。\n广汽蔚来则在今年1月找到了新的合作伙伴——珠江投管。\n来源：合创汽车\n1月6日，广汽集团发布公告称，同意其合营公司广汽蔚来通过引入战略投资者广汽埃安、珠江投管实施增资扩股方案并签署增资扩股相关的协议，共计增资约24.05亿元。\n根据规划，广汽蔚来希望能在2025年实现交付量25万辆，总产值超400亿元。在新车方面，广汽蔚来将基于广汽埃安的车型，在今年推出A级轿车和A级SUV，其中A级轿车的售价或将定为20万元以内。\n4月6日，广汽蔚来正式更名为合创科技。合创汽车CEO杨颖认为，“珠江投管集团在人工智能、大数据应用、区块链、智能制造、数据超算及处理等前瞻科技领域，以及合生汇等新零售商超业态领域均有布局。合创汽车可以借助这些优势参与消费者的多个用车场景，提供更完善的服务体验。”\n尽管高层信心满满，尴尬的现实仍无法忽视。来自同门兄弟广汽埃安的竞争压力依然存在。合创的新车如何与广汽埃安的产品清晰地彼此区分，是无法回避的一大难题。\n（应受访者要求，文中部分人物为化名）","news_type":1,"symbols_score_info":{"601238":0.9,"NIO":0.9,"000625":0.9}},"isVote":1,"tweetType":1,"viewCount":2753,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":138128803,"gmtCreate":1621918917702,"gmtModify":1704364447822,"author":{"id":"3581155580868820","authorId":"3581155580868820","name":"风雪腊梅","avatar":"https://static.tigerbbs.com/6098bb5390cb75567a6e67bf6a793e29","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581155580868820","idStr":"3581155580868820"},"themes":[],"htmlText":"???","listText":"???","text":"???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/138128803","repostId":"2138503001","repostType":2,"repost":{"id":"2138503001","kind":"news","pubTimestamp":1621907817,"share":"https://ttm.financial/m/news/2138503001?lang=en_US&edition=fundamental","pubTime":"2021-05-25 09:56","market":"us","language":"zh","title":"Goldman Sachs raises CSPC (01093. HK) target price to 13.5 yuan, buy rating","url":"https://stock-news.laohu8.com/highlight/detail?id=2138503001","media":"AAFN","summary":"高盛发表报告，将石药集团  2021至2023年各年净利润预测分别上调7.6%、4.2%、5.9%，以分类加总估值法计，将目标价由12.5元提高至13.5元，评级「买入」，包括创新药估值由1,110亿元下调至859亿元，以反映新药降价的影响，不过仿制药估值就由240亿元上调至520亿元，因随着更多新的非专利药通过带量采购获得市场份额，令相关业务增长前景将得到改善。而考虑到疫情期间价格上涨，原料药估值由140亿元上调至230亿元。","content":"<p><html><body><a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>Publish a report, will<a href=\"https://laohu8.com/S/01093\">CSPC Pharmaceutical</a>The net profit forecast for each year from 2021 to 2023 is raised by 7.6%, 4.2%, and 5.9% respectively. Based on the classified and aggregated valuation method, the target price is raised from 12.5 yuan to 13.5 yuan, and the rating is buy, including the valuation of innovative drugs from 111 billion yuan to 85.9 billion yuan to reflect the impact of new drug price cuts. However, the valuation of generic drugs is raised from 24 billion yuan to 52 billion yuan, because as more new generic drugs gain market share through volume procurement, the growth prospects of related businesses will improve. Considering the price increase during the epidemic, the valuation of APIs was raised from 14 billion yuan to 23 billion yuan. Goldman Sachs pointed out that CSPC's first quarter sales were 6.7 billion yuan, a year-on-year increase of 9.9%, slightly higher than expected, mainly due to the rapid growth of new products after price cuts and the strong oncology product portfolio. Even if the product price is reduced, the profit margin in the first quarter has expanded significantly, and the gross profit margin has expanded by 3.1 percentage points year-on-year to 77%. It is estimated that the annual research and development expenses will reach 3.4 billion yuan to support the accelerated clinical progress. (ha/da) ~ Aastock Financial News Website: www.aastocks.com</p><p></body></html></p>","source":"aastocks","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>Goldman Sachs raises CSPC (01093. HK) target price to 13.5 yuan, buy rating</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\">\nGoldman Sachs raises CSPC (01093. HK) target price to 13.5 yuan, buy rating\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">AAFN</strong><span class=\"h-time small\">2021-05-25 09:56</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><body><a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>Publish a report, will<a href=\"https://laohu8.com/S/01093\">CSPC Pharmaceutical</a>The net profit forecast for each year from 2021 to 2023 is raised by 7.6%, 4.2%, and 5.9% respectively. Based on the classified and aggregated valuation method, the target price is raised from 12.5 yuan to 13.5 yuan, and the rating is buy, including the valuation of innovative drugs from 111 billion yuan to 85.9 billion yuan to reflect the impact of new drug price cuts. However, the valuation of generic drugs is raised from 24 billion yuan to 52 billion yuan, because as more new generic drugs gain market share through volume procurement, the growth prospects of related businesses will improve. Considering the price increase during the epidemic, the valuation of APIs was raised from 14 billion yuan to 23 billion yuan. Goldman Sachs pointed out that CSPC's first quarter sales were 6.7 billion yuan, a year-on-year increase of 9.9%, slightly higher than expected, mainly due to the rapid growth of new products after price cuts and the strong oncology product portfolio. Even if the product price is reduced, the profit margin in the first quarter has expanded significantly, and the gross profit margin has expanded by 3.1 percentage points year-on-year to 77%. It is estimated that the annual research and development expenses will reach 3.4 billion yuan to support the accelerated clinical progress. (ha/da) ~ Aastock Financial News Website: www.aastocks.com</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"http://www.aastocks.com/apps/data/iphone/news/newscontent.aspx?newsid=NOW.1100825&style=5&chgstyle=1&categoryid=stock&width=320&market_id=hk&fontary=3&platform=iPhone&language=sc&isfirstreq=1&sourceid=aafn&datatype=0\">AAFN</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/4b6684517506a0b0f4c4c5a1c4889261","relate_stocks":{"01093":"石药集团"},"source_url":"http://www.aastocks.com/apps/data/iphone/news/newscontent.aspx?newsid=NOW.1100825&style=5&chgstyle=1&categoryid=stock&width=320&market_id=hk&fontary=3&platform=iPhone&language=sc&isfirstreq=1&sourceid=aafn&datatype=0","is_english":false,"share_image_url":"https://static.laohu8.com/51f6b9126f36f92bbf92982596066e5a","article_id":"2138503001","content_text":"高盛发表报告，将石药集团  2021至2023年各年净利润预测分别上调7.6%、4.2%、5.9%，以分类加总估值法计，将目标价由12.5元提高至13.5元，评级「买入」，包括创新药估值由1,110亿元下调至859亿元，以反映新药降价的影响，不过仿制药估值就由240亿元上调至520亿元，因随着更多新的非专利药通过带量采购获得市场份额，令相关业务增长前景将得到改善。而考虑到疫情期间价格上涨，原料药估值由140亿元上调至230亿元。高盛指，石药第一季销售额为67亿元人民币，按年同比增长9.9%，略高於预期，主要因为降价後新产品的销售增长较快，而且肿瘤产品组合强劲。即使产品降价，但第一季的利润率明显扩张，毛利率按年扩张3.1个百分点至77%，预计全年的研发费用将达到34亿元，以支持加快临床进度。(ha/da)~阿思达克财经新闻网址: www.aastocks.com","news_type":1,"symbols_score_info":{"01093":1}},"isVote":1,"tweetType":1,"viewCount":2401,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":131739657,"gmtCreate":1621894878679,"gmtModify":1704363837443,"author":{"id":"3581155580868820","authorId":"3581155580868820","name":"风雪腊梅","avatar":"https://static.tigerbbs.com/6098bb5390cb75567a6e67bf6a793e29","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581155580868820","idStr":"3581155580868820"},"themes":[],"htmlText":"???","listText":"???","text":"???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/131739657","repostId":"2136991934","repostType":2,"repost":{"id":"2136991934","kind":"news","pubTimestamp":1621366824,"share":"https://ttm.financial/m/news/2136991934?lang=en_US&edition=fundamental","pubTime":"2021-05-19 03:40","market":"us","language":"zh","title":"The first trial-produced car rolls off the assembly line, Nio ET7 is about to enter mass production!","url":"https://stock-news.laohu8.com/highlight/detail?id=2136991934","media":"金融界网","summary":"5月13日，蔚来ET7的首台验证样车已于蔚来合肥先进制造基地正式下线，进入生产调试阶段。通过验证样车的小批量生产，ET7生产线将开启进一步优化，稳步推进量产进程。首台验证样车的下线，也代表着蔚来ET7正处于井然有序的生产准备中，并已顺利开始生产线的试装测试阶段，相信明年一季度将如约开启交付。","content":"<p><html><body><article>May 13th,<a href=\"https://laohu8.com/S/NIO\">Nio</a>The first verification prototype of ET7 has officially rolled off the production line at the advanced manufacturing base in Hefei, Nio Province, and has entered the production and commissioning stage. This is another important node in ET7 vehicle manufacturing, marking the beginning of the engineering verification (Validation Build) stage.</p><p>The verification prototype vehicle, that is, the trial production vehicle, is an important part of the production preparation process before mass production, and is responsible for the debugging, matching and optimization tasks of vehicle performance and user driving experience. By verifying the small batch production of prototype vehicles, the ET7 production line will start further optimization and steadily advance the mass production process.</p><p><img src=\"https://fid-75186.picgzc.qpic.cn/20210519034217346d23583laqmodtpb\"/><img src=\"https://fid-75186.picgzc.qpic.cn/20210519034221339d235emrztp3pfz6\"/>As Nio's first sedan, at the just-concluded Shanghai International Auto Show, the Nio ET7 successfully completed its auto show debut and disclosed the actual car interior for the first time, which attracted great attention from domestic and foreign industries and consumers. On the Norwegian strategy just released by Nio recently, Nio announced that the ET7 will become the second model to be introduced into the Norwegian market after the new ES8.</p><p>As the first verification prototype rolls off the assembly line, we might as well review the highlights of the highly anticipated ET7 that are worth looking forward to.</p><p><strong>A new design concept in the era of autonomous driving, the unremitting pursuit of beauty and perfection</strong></p><p>\"Born for autonomous driving\" is the origin of ET7's thinking in product design-it can not only reflect the performance of autonomous driving, but also create a warm mobile living space. The interior of the ET7 real car, which was first unveiled at the auto show, vividly explains the mobile living space concept of \"second living room\" advocated by the EVE concept car, as well as the Nio design DNA running through it-pure, warm, futuristic and exquisite.</p><p><img src=\"https://fid-75186.picgzc.qpic.cn/20210519034223866d235c2e25u0aixt\"/>Pure means simplifying the complexity and removing all unnecessary details. Frameless doors and the standard dome-style glass roof of the whole series allow the spacious cabin to incorporate fuller, cleaner and pure natural light; NOMI, LCD instrument and floating central control large screen are still the visual focus of the entire cockpit. Besides, there are no complicated lines, and even the air-conditioning outlets are hidden. While doing subtraction, they provide drivers and passengers with full functional convenience.</p><p><img src=\"https://fid-75186.picgzc.qpic.cn/20210519034224400d2355bay3o6kerp\"/>The innovative application of renewable rattan Karuun, a natural material, highlights the \"warm\" side of ET7 design. As many as 14 Karuun places are used in the car, corresponding to three interior theme colors, snow melt white, golden sand rice, and alpine gray, which echo the colors of the earth, reproduce the harmonious coexistence between man and nature, and make the interior space more home-like. warmth.</p><p>Use cutting-edge design elements, such as carbon fiber inserts on the wheels, \"<a href=\"https://laohu8.com/S/JG\">Aurora</a>The \"green\" color and matte dark chrome kit highlights the \"futuristic feel\" of Nio design.</p><p>Exquisite, hidden in original details. For example, the echo of the details of the front and rear lighting modules, and the 7.1. 4 immersive sound system with 23 speakers-Nio has developed an electroplating process together with the speaker company, which can achieve any color matching. Pioneering<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>The fragrance system can identify the driver's fatigue degree in real time and automatically release the fragrance; When switching user accounts, you can also automatically switch fragrance selections.</p><p><strong>Extremely strong comprehensive performance occupation</strong><strong>Smart electric</strong><strong>Technical commanding heights</strong></p><p>\"Ready for Tomorrow\", this is Nio's product definition when it released ET7 on NIO Day 2020, interpreting \"welcoming the future\". The reason why Nio dares to boldly shout out this slogan this time is that the confidence behind it comes from Nio's latest autonomous driving technology NAD (NIO Autonomous Driving) equipped on ET7. It will gradually realize high-speed, urban, parking, A point-to-point autonomous driving experience in scenarios such as battery swapping. NAD comes standard with 19 safety and driving assistance functions, and it is the world's first to adopt the \"monthly payment\" model, with a monthly service fee of 680 yuan.</p><p>NAD is a full-stack autonomous driving technology fully self-developed by Nio from perception algorithms to map positioning, from control strategies to underlying systems. In order to meet the needs of NAD's driving capabilities and continuous iteration, Nio has pre-embedded two sets of perception and algorithm hardware for the entire ET7 series that far exceed the current level of the industry, the NIO Aquila super-sensing system and the NIO Adam supercomputing platform.</p><p>NIO Aquila has 33 high-performance sensors, including 11 8-megapixel cameras, 1 ultra-long-range high-precision lidar, 5 millimeter-wave radars, 12 ultrasonic sensors, 2 high-precision positioning units, and vehicle-road collaborative sensing and Enhanced driver perception can generate 8G of data per second. These 11 cameras can detect vehicles 680 meters away, pedestrians 220 meters away, and cones 260 meters away. The longest detection distance is<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>3x the FSD 1.2 megapixel camera. The lidar in the center of the roof is jointly developed by Innovusion, invested by Nio and Nio Capital. It has an ultra-wide viewing angle range of 120 degrees, an ultra-long detection range of up to 500 meters, and a focusing function to distinguish more details.</p><p><img src=\"https://fid-75186.picgzc.qpic.cn/20210519034224850d235zbp1828gk5s\"/>In order to match the huge amount of data generated by NIO Aquila, NIO Adam equipped with four NVIDIA Drive Orin chips came into being. The total computing power of up to 1016 TOPS is 7 times that of Tesla FSD (144TOPS). Two main control chips are responsible for NAD full-stack algorithm calculations, one is used for swarm intelligence and personality training calculations, and one is an independent and complete redundant backup chip. The entire NIO Adam's power supply, imaging and main control systems are all hot backup designs, which are safe and reliable. After the processing of 48 CPU cores and 256 matrix operation units, every pixel serves the accuracy and efficiency of the algorithm.</p><p><strong>New dual motor + 150kWh battery, you can have your cake and eat it too</strong></p><p>ET7 continues Nio's high-performance DNA. It is equipped with a front 180 kW permanent magnet motor and a rear 300 kW induction motor. It has a maximum power of 480 kW and a peak torque of 850 Nm. It can accelerate from zero to 100 kilometers in only 3.9 seconds and brake from 100 kilometers to zero. The distance is 33.5 meters. At the same time, the vehicle's ultra-low drag coefficient of 0.23 Cd, coupled with the second-generation electric drive platform using silicon carbide power modules, the overall energy efficiency level of ET7 has been greatly improved.</p><p><img src=\"https://fid-75186.picgzc.qpic.cn/20210519034225242d235aiaism8r4gs\"/>At the same time, Nio launched a new 150kWh battery pack based on mass-produced solid-state battery technology, achieving an ultra-high energy density of 360Wh/kg. Through the use of three major technological innovations: solid-liquid electrolyte, silicon-carbon anode, and ultra-high nickel positive electrode, while the energy density jumps, battery life is ensured, charging efficiency is improved, and ET7 can achieve a battery life of more than 1,000 kilometers under NEDC working conditions.</p><p><strong>Double five-star safety design creates flagship high-end standards</strong></p><p>ET7 is designed in accordance with China's C-NACP and European E-NCAP five-star safety standards. For the first time, the body is made of ultra-high-strength steel-aluminum mixed materials. It makes full use of the advantages of two different materials, avoids over-design of local details, and better balances the user's driving and riding experience.</p><p>The rollout of the first verification prototype vehicle also means that Nio ET7 is in orderly production preparations and has successfully started the trial assembly and testing stage of the production line. It is believed that delivery will start as scheduled in the first quarter of next year.</p><p></article></body></html></p>","source":"tencent","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>The first trial-produced car rolls off the assembly line, Nio ET7 is about to enter mass production!</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\">\nThe first trial-produced car rolls off the assembly line, Nio ET7 is about to enter mass production!\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">金融界网</strong><span class=\"h-time small\">2021-05-19 03:40</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><body><article>May 13th,<a href=\"https://laohu8.com/S/NIO\">Nio</a>The first verification prototype of ET7 has officially rolled off the production line at the advanced manufacturing base in Hefei, Nio Province, and has entered the production and commissioning stage. This is another important node in ET7 vehicle manufacturing, marking the beginning of the engineering verification (Validation Build) stage.</p><p>The verification prototype vehicle, that is, the trial production vehicle, is an important part of the production preparation process before mass production, and is responsible for the debugging, matching and optimization tasks of vehicle performance and user driving experience. By verifying the small batch production of prototype vehicles, the ET7 production line will start further optimization and steadily advance the mass production process.</p><p><img src=\"https://fid-75186.picgzc.qpic.cn/20210519034217346d23583laqmodtpb\"/><img src=\"https://fid-75186.picgzc.qpic.cn/20210519034221339d235emrztp3pfz6\"/>As Nio's first sedan, at the just-concluded Shanghai International Auto Show, the Nio ET7 successfully completed its auto show debut and disclosed the actual car interior for the first time, which attracted great attention from domestic and foreign industries and consumers. On the Norwegian strategy just released by Nio recently, Nio announced that the ET7 will become the second model to be introduced into the Norwegian market after the new ES8.</p><p>As the first verification prototype rolls off the assembly line, we might as well review the highlights of the highly anticipated ET7 that are worth looking forward to.</p><p><strong>A new design concept in the era of autonomous driving, the unremitting pursuit of beauty and perfection</strong></p><p>\"Born for autonomous driving\" is the origin of ET7's thinking in product design-it can not only reflect the performance of autonomous driving, but also create a warm mobile living space. The interior of the ET7 real car, which was first unveiled at the auto show, vividly explains the mobile living space concept of \"second living room\" advocated by the EVE concept car, as well as the Nio design DNA running through it-pure, warm, futuristic and exquisite.</p><p><img src=\"https://fid-75186.picgzc.qpic.cn/20210519034223866d235c2e25u0aixt\"/>Pure means simplifying the complexity and removing all unnecessary details. Frameless doors and the standard dome-style glass roof of the whole series allow the spacious cabin to incorporate fuller, cleaner and pure natural light; NOMI, LCD instrument and floating central control large screen are still the visual focus of the entire cockpit. Besides, there are no complicated lines, and even the air-conditioning outlets are hidden. While doing subtraction, they provide drivers and passengers with full functional convenience.</p><p><img src=\"https://fid-75186.picgzc.qpic.cn/20210519034224400d2355bay3o6kerp\"/>The innovative application of renewable rattan Karuun, a natural material, highlights the \"warm\" side of ET7 design. As many as 14 Karuun places are used in the car, corresponding to three interior theme colors, snow melt white, golden sand rice, and alpine gray, which echo the colors of the earth, reproduce the harmonious coexistence between man and nature, and make the interior space more home-like. warmth.</p><p>Use cutting-edge design elements, such as carbon fiber inserts on the wheels, \"<a href=\"https://laohu8.com/S/JG\">Aurora</a>The \"green\" color and matte dark chrome kit highlights the \"futuristic feel\" of Nio design.</p><p>Exquisite, hidden in original details. For example, the echo of the details of the front and rear lighting modules, and the 7.1. 4 immersive sound system with 23 speakers-Nio has developed an electroplating process together with the speaker company, which can achieve any color matching. Pioneering<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>The fragrance system can identify the driver's fatigue degree in real time and automatically release the fragrance; When switching user accounts, you can also automatically switch fragrance selections.</p><p><strong>Extremely strong comprehensive performance occupation</strong><strong>Smart electric</strong><strong>Technical commanding heights</strong></p><p>\"Ready for Tomorrow\", this is Nio's product definition when it released ET7 on NIO Day 2020, interpreting \"welcoming the future\". The reason why Nio dares to boldly shout out this slogan this time is that the confidence behind it comes from Nio's latest autonomous driving technology NAD (NIO Autonomous Driving) equipped on ET7. It will gradually realize high-speed, urban, parking, A point-to-point autonomous driving experience in scenarios such as battery swapping. NAD comes standard with 19 safety and driving assistance functions, and it is the world's first to adopt the \"monthly payment\" model, with a monthly service fee of 680 yuan.</p><p>NAD is a full-stack autonomous driving technology fully self-developed by Nio from perception algorithms to map positioning, from control strategies to underlying systems. In order to meet the needs of NAD's driving capabilities and continuous iteration, Nio has pre-embedded two sets of perception and algorithm hardware for the entire ET7 series that far exceed the current level of the industry, the NIO Aquila super-sensing system and the NIO Adam supercomputing platform.</p><p>NIO Aquila has 33 high-performance sensors, including 11 8-megapixel cameras, 1 ultra-long-range high-precision lidar, 5 millimeter-wave radars, 12 ultrasonic sensors, 2 high-precision positioning units, and vehicle-road collaborative sensing and Enhanced driver perception can generate 8G of data per second. These 11 cameras can detect vehicles 680 meters away, pedestrians 220 meters away, and cones 260 meters away. The longest detection distance is<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>3x the FSD 1.2 megapixel camera. The lidar in the center of the roof is jointly developed by Innovusion, invested by Nio and Nio Capital. It has an ultra-wide viewing angle range of 120 degrees, an ultra-long detection range of up to 500 meters, and a focusing function to distinguish more details.</p><p><img src=\"https://fid-75186.picgzc.qpic.cn/20210519034224850d235zbp1828gk5s\"/>In order to match the huge amount of data generated by NIO Aquila, NIO Adam equipped with four NVIDIA Drive Orin chips came into being. The total computing power of up to 1016 TOPS is 7 times that of Tesla FSD (144TOPS). Two main control chips are responsible for NAD full-stack algorithm calculations, one is used for swarm intelligence and personality training calculations, and one is an independent and complete redundant backup chip. The entire NIO Adam's power supply, imaging and main control systems are all hot backup designs, which are safe and reliable. After the processing of 48 CPU cores and 256 matrix operation units, every pixel serves the accuracy and efficiency of the algorithm.</p><p><strong>New dual motor + 150kWh battery, you can have your cake and eat it too</strong></p><p>ET7 continues Nio's high-performance DNA. It is equipped with a front 180 kW permanent magnet motor and a rear 300 kW induction motor. It has a maximum power of 480 kW and a peak torque of 850 Nm. It can accelerate from zero to 100 kilometers in only 3.9 seconds and brake from 100 kilometers to zero. The distance is 33.5 meters. At the same time, the vehicle's ultra-low drag coefficient of 0.23 Cd, coupled with the second-generation electric drive platform using silicon carbide power modules, the overall energy efficiency level of ET7 has been greatly improved.</p><p><img src=\"https://fid-75186.picgzc.qpic.cn/20210519034225242d235aiaism8r4gs\"/>At the same time, Nio launched a new 150kWh battery pack based on mass-produced solid-state battery technology, achieving an ultra-high energy density of 360Wh/kg. Through the use of three major technological innovations: solid-liquid electrolyte, silicon-carbon anode, and ultra-high nickel positive electrode, while the energy density jumps, battery life is ensured, charging efficiency is improved, and ET7 can achieve a battery life of more than 1,000 kilometers under NEDC working conditions.</p><p><strong>Double five-star safety design creates flagship high-end standards</strong></p><p>ET7 is designed in accordance with China's C-NACP and European E-NCAP five-star safety standards. For the first time, the body is made of ultra-high-strength steel-aluminum mixed materials. It makes full use of the advantages of two different materials, avoids over-design of local details, and better balances the user's driving and riding experience.</p><p>The rollout of the first verification prototype vehicle also means that Nio ET7 is in orderly production preparations and has successfully started the trial assembly and testing stage of the production line. It is believed that delivery will start as scheduled in the first quarter of next year.</p><p></article></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202105190342277881debd&s=b\">金融界网</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/3380231cb191ca9bea37a0c70765537d","relate_stocks":{"NIO":"蔚来"},"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202105190342277881debd&s=b","is_english":false,"share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","article_id":"2136991934","content_text":"5月13日，蔚来ET7的首台验证样车已于蔚来合肥先进制造基地正式下线，进入生产调试阶段。这是ET7整车制造的又一重要节点，标志着工程验证（Validation Build）阶段的开启。验证样车即试制车，是量产前生产准备过程中的重要一环，承担着整车性能和用户驾乘体验的调试、匹配及优化任务。通过验证样车的小批量生产，ET7生产线将开启进一步优化，稳步推进量产进程。作为蔚来首款轿车，此前刚刚闭幕的上海国际车展，蔚来ET7圆满完成了车展首秀并首度公开实车内饰，受到国内外行业与消费者的高度关注。近期蔚来刚刚发布的挪威战略上，蔚来宣布ET7将继全新ES8之后，成为第二款引入挪威市场销售的车型。随着首台验证样车的下线，不妨回顾一下，被寄予厚望的ET7都有哪些值得期待的高光亮点。自动驾驶时代的全新设计理念 对美和完美的不懈追求“为自动驾驶而生”是ET7在产品设计时的思考原点——既能体现自动驾驶的性能，又要营造温暖的移动生活空间。在车展上首度公开的ET7实车内饰，生动诠释了EVE概念车所倡导的“第二起居室”这一移动生活空间概念，以及贯穿其中的蔚来设计DNA—纯粹、有温度，未来感和精致。纯粹，代表着删繁就简，去掉一切不必要的细节。无框车门和全系标配的穹顶式玻璃车顶，让宽敞的车厢纳入更充分和干净纯粹的自然光；以NOMI、液晶仪表和悬浮式中控大屏依旧是整个座舱的视觉焦点，除此之外并无繁杂线条，甚至连空调出风口都被隐藏了起来，在做减法的同时，为驾乘者提供充分的功能便利。可再生藤木Karuun这一自然材质的创新运用，则着重体现了ET7设计中“有温度”的一面。车内使用了多达14处Karuun，对应三种内饰主题颜色，雪融白、金沙米、阿尔卑斯灰，与大地的色彩相呼应，再现人与自然的和谐相处，让车内空间更富有家居的温暖。对新锐设计元素加以运用，如轮毂上的碳纤维插片、源自挪威极夜的“极光绿”色彩、偏哑光深色的镀铬套件，彰显出蔚来设计的“未来感”。精致，蕴藏在独到的细节里。例如前后灯光模组细节上的呼应，以及拥有23个扬声器的7.1.4沉浸声系统——蔚来与扬声器公司一起研发了电镀的工艺，可实现任意配色。首创的智能香氛系统，可实时识别驾驶员疲劳程度，并自动释放香氛；当切换用户账户时，还能自动切换香氛选择。综合性能极强 占领智能电动的技术制高点“Ready for Tomorrow”，这是蔚来在NIO Day 2020发布ET7时的产品定义，释义“迎接未来”。而之所以蔚来这次敢于大胆喊出这句标语，其背后的信心源自于ET7所搭载的蔚来最新自动驾驶技术NAD（NIO Autonomous Driving），Ta将逐步实现高速、城区、泊车、换电等场景全程点到点的自动驾驶体验。NAD标配了19项安全与驾驶辅助功能，同时全球首创采用“按月付费”模式，每月服务费为680元。NAD是蔚来从感知算法到地图定位、从控制策略到底层系统全面自研的全栈自动驾驶技术。为了满足NAD的驾驶能力与持续迭代的需求，蔚来为ET7全系预埋了两套拥有远超行业当前水平的感知与算法硬件，NIO Aquila超感系统和NIO Adam超算平台。NIO Aquila拥有33个高性能传感器，包含11个800万像素摄像头、1个超远距高精度激光雷达、5个毫米波雷达、12个超声波传感器、2个高精度定位单元，以及车路协同感知和增强主驾感知， 每秒能够产生8G的数据。这11个摄像头可以检测到680米外的车辆，220米外的行人，以及260米外的锥桶。最远探测距离是特斯拉FSD 120万像素摄像头的3倍。而车顶中心的激光雷达，是由蔚来和蔚来资本投资的Innovusion合作共同开发，拥有120度的超广视角范围，最大500米的超远探测距离，并拥有聚焦功能，可分辨更多细节。为了匹配NIO Aquila产生的庞大数据量，配备了四颗NVIDIA Drive Orin芯片的NIO Adam应运而生，高达1016 TOPS的总算力是特斯拉FSD（144TOPS）的7倍。两颗主控芯片负责NAD全栈算法计算，一颗用于群体智能与个性训练计算，还有一颗独立完整的冗余备份芯片。整个NIO Adam的电源、影像和主控系统全部是热备份设计，安全可靠。经过48个CPU内核、256个矩阵运算单元的处理，让每一个像素都服务于算法的精准和高效。全新双电机+150kWh电池，鱼和熊掌可以兼得ET7延续了蔚来的高性能DNA，搭载前180千瓦永磁电机，后300千瓦感应电机，最大功率480千瓦，峰值扭矩850牛米，零到百公里加速仅3.9秒，百公里到零制动距离33.5米。同时，整车0.23Cd的超低风阻系数，再配合上应用了碳化硅功率模块的第二代电驱平台，ET7的整体能效水平得到了极大的提升。同时，蔚来推出基于量产固态电池技术的全新150kWh电池包，实现了360Wh/kg的超高能量密度。通过采用固液电解质、硅碳负极、超高镍正极三大技术创新，在能量密度跃升的同时，保证了电池寿命，提高了充电效率，让ET7获得NEDC工况超过1000公里的续航能力。双五星安全设计打造旗舰级高端标准ET7按照中国C-NACP和欧洲E-NCAP五星安全标准设计，首次采用超高强度钢铝混合材质打造的车身，充分应用两种不同材质的优势，避免局部细节的过度设计，以更好的平衡用户的驾驶与乘坐体验。首台验证样车的下线，也代表着蔚来ET7正处于井然有序的生产准备中，并已顺利开始生产线的试装测试阶段，相信明年一季度将如约开启交付。","news_type":1,"symbols_score_info":{"NIO":1}},"isVote":1,"tweetType":1,"viewCount":2735,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":131730649,"gmtCreate":1621894834881,"gmtModify":1704363835488,"author":{"id":"3581155580868820","authorId":"3581155580868820","name":"风雪腊梅","avatar":"https://static.tigerbbs.com/6098bb5390cb75567a6e67bf6a793e29","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581155580868820","idStr":"3581155580868820"},"themes":[],"htmlText":"???","listText":"???","text":"???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/131730649","repostId":"2138156307","repostType":2,"repost":{"id":"2138156307","kind":"news","pubTimestamp":1621873149,"share":"https://ttm.financial/m/news/2138156307?lang=en_US&edition=fundamental","pubTime":"2021-05-25 00:19","market":"us","language":"zh","title":"Nio rose sharply by 5.02% during the session","url":"https://stock-news.laohu8.com/highlight/detail?id=2138156307","media":"自选股智能写手","summary":"北京时间2021年05月25日00时19分，蔚来股票出现波动，股价大幅拉升5.02%。截至发稿，该股报35.77美元/股，成交量3500.91万股，换手率2.14%，振幅6.46%。蔚来股票所在的汽车制造行业中，整体涨幅为2.62%。该公司通过自己的销售网络销售车辆，包括蔚来中心，NIO Spaces及其移动应用程序。消息层面，截至00时19分，蔚来股票正面舆情新闻比例54.93%。","content":"<p><html><body><article>At 00:19 on May 25, 2021, Beijing time,<a href=\"https://laohu8.com/S/NIO\">Nio</a>(NIO.us) Stock Sees Volatility, Shares Are Significant<span>Pull up</span>5.02%。 As of press time, the stock was quoted at US $35.77 per share, with a turnover of 35.0091 million shares.<span>Turnover rate</span>2.14%, amplitude 6.46%.</p><p>Recent financial report data shows that the stock has achieved<span>Operating income</span>$1.232 billion,<span>Net profit</span>-$752 million,<span>EARNINGS PER</span>-$0.48,<span>GROSS PROFIT</span>240 million US dollars, P/E-37.19 times.</p><p>In terms of institutional ratings, among all 20 institutions participating in the rating, 65% of brokers gave buy recommendations, 30% gave hold recommendations, and 5% gave sell recommendations.</p><p>In the auto manufacturing sector, where Nio stock is located, the overall increase was 2.62%. Among its related stocks, Nio,<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>、<a href=\"https://laohu8.com/S/XPEV\">XPeng vehicles</a>The increase is relatively large. Workhorse Group Inc, Lordstown Motors Corp, and Fisker Inc are more active, with turnover rates of 2.56%, 2.52%, and 2.17% respectively. Related stocks with larger amplitudes include Canoo Inc, Lordstown Motors Corp, and Nio, with amplitudes of 8.26%, 8.04%, and 6.49% respectively.</p><p>About Nio: Nio Corporation operates in the Chinese premium electric vehicle market. The company designs and co-manufactures and sells<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>And connected premium electric vehicles, thereby driving innovation in next-generation technologies in connectivity, autonomous driving and artificial intelligence. Its models include the EP9 supercar, ES8, ES6 and EC6. The company sells vehicles through its own sales network, including Nio Center, NIO Spaces and its mobile app. Most of the revenue comes from the sale of vehicles.</p><p>At the news level, as of 00:19, the proportion of positive public opinion news on Nio stocks was 54.93%. \"<snpa>Continue to renew! JAC + Nio = the \"future\" of turning losses around? C position</snpa>\"Information is important information affecting Nio. The summary of this information is as follows: Nio Motors announced today that with<a href=\"https://laohu8.com/S/600418\">Jianghuai Motors</a>The Group continues to enter into manufacturing contracts. JAC will expand its annual production capacity to 240,000 vehicles. Nio has always insisted on \"customer first\", but as the new energy vehicle market is booming, the number of strong players entering the game is increasing day by day, and the competition has become more severe. Nio is still facing problems such as expanding net losses. How can it still ensure service quality and maintain high-end positioning after expanding production capacity and sales? When will we usher in the node of turning losses into profits? Click on the video to find out!</p><p>(The above content is completed by Money Call, an intelligent machine writer of self-selected stocks. It is only used as a reference for users to read the market, not as a basis for trading.)</p><p></article></body></html></p>","source":"tencent","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>Nio rose sharply by 5.02% during the session</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\">\nNio rose sharply by 5.02% during the session\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">自选股智能写手</strong><span class=\"h-time small\">2021-05-25 00:19</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><body><article>At 00:19 on May 25, 2021, Beijing time,<a href=\"https://laohu8.com/S/NIO\">Nio</a>(NIO.us) Stock Sees Volatility, Shares Are Significant<span>Pull up</span>5.02%。 As of press time, the stock was quoted at US $35.77 per share, with a turnover of 35.0091 million shares.<span>Turnover rate</span>2.14%, amplitude 6.46%.</p><p>Recent financial report data shows that the stock has achieved<span>Operating income</span>$1.232 billion,<span>Net profit</span>-$752 million,<span>EARNINGS PER</span>-$0.48,<span>GROSS PROFIT</span>240 million US dollars, P/E-37.19 times.</p><p>In terms of institutional ratings, among all 20 institutions participating in the rating, 65% of brokers gave buy recommendations, 30% gave hold recommendations, and 5% gave sell recommendations.</p><p>In the auto manufacturing sector, where Nio stock is located, the overall increase was 2.62%. Among its related stocks, Nio,<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>、<a href=\"https://laohu8.com/S/XPEV\">XPeng vehicles</a>The increase is relatively large. Workhorse Group Inc, Lordstown Motors Corp, and Fisker Inc are more active, with turnover rates of 2.56%, 2.52%, and 2.17% respectively. Related stocks with larger amplitudes include Canoo Inc, Lordstown Motors Corp, and Nio, with amplitudes of 8.26%, 8.04%, and 6.49% respectively.</p><p>About Nio: Nio Corporation operates in the Chinese premium electric vehicle market. The company designs and co-manufactures and sells<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>And connected premium electric vehicles, thereby driving innovation in next-generation technologies in connectivity, autonomous driving and artificial intelligence. Its models include the EP9 supercar, ES8, ES6 and EC6. The company sells vehicles through its own sales network, including Nio Center, NIO Spaces and its mobile app. Most of the revenue comes from the sale of vehicles.</p><p>At the news level, as of 00:19, the proportion of positive public opinion news on Nio stocks was 54.93%. \"<snpa>Continue to renew! JAC + Nio = the \"future\" of turning losses around? C position</snpa>\"Information is important information affecting Nio. The summary of this information is as follows: Nio Motors announced today that with<a href=\"https://laohu8.com/S/600418\">Jianghuai Motors</a>The Group continues to enter into manufacturing contracts. JAC will expand its annual production capacity to 240,000 vehicles. Nio has always insisted on \"customer first\", but as the new energy vehicle market is booming, the number of strong players entering the game is increasing day by day, and the competition has become more severe. Nio is still facing problems such as expanding net losses. How can it still ensure service quality and maintain high-end positioning after expanding production capacity and sales? When will we usher in the node of turning losses into profits? Click on the video to find out!</p><p>(The above content is completed by Money Call, an intelligent machine writer of self-selected stocks. It is only used as a reference for users to read the market, not as a basis for trading.)</p><p></article></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20210525001910774ffa41&s=b\">自选股智能写手</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/1e9aa56586a03fdd6464e21bfe99f7b5","relate_stocks":{"NIO":"蔚来"},"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20210525001910774ffa41&s=b","is_english":false,"share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","article_id":"2138156307","content_text":"北京时间2021年05月25日00时19分，蔚来（NIO.us）股票出现波动，股价大幅拉升5.02%。截至发稿，该股报35.77美元/股，成交量3500.91万股，换手率2.14%，振幅6.46%。最近的财报数据显示，该股实现营业收入12.32亿美元，净利润-7.52亿美元，每股收益-0.48美元，毛利2.40亿美元，市盈率-37.19倍。机构评级方面，在所有20家参与评级的机构中，65%的券商给予买入建议，30%的券商给予持有建议，5%的券商给予卖出建议。蔚来股票所在的汽车制造行业中，整体涨幅为2.62%。其相关个股中，蔚来、特斯拉、小鹏汽车涨幅较大，Workhorse Group Inc、Lordstown Motors Corp、Fisker Inc较为活跃，换手率分别为2.56%、2.52%、2.17%，振幅较大的相关个股有Canoo Inc、Lordstown Motors Corp、蔚来，振幅分别为8.26%、8.04%、6.49%。蔚来公司简介：蔚来公司在中国的高端电动汽车市场开展业务。 该公司设计并共同制造和销售智能和互联的优质电动汽车，从而推动下一代技术在连接性，自动驾驶和人工智能方面的创新。 它的模型包括EP9超级跑车，ES8，ES6和EC6。 该公司通过自己的销售网络销售车辆，包括蔚来中心，NIO Spaces及其移动应用程序。 大部分收入来自销售车辆。消息层面，截至00时19分，蔚来股票正面舆情新闻比例54.93%。《继续续约！江淮＋蔚来＝扭亏的“将来”？丨C位》资讯为影响蔚来的重要信息。该信息摘要如下：蔚来汽车今天公告称，与江淮汽车集团继续签订制造合同。江淮汽车将把年生产能力扩大到24万辆。蔚来一直坚持“用户至上”，但随着新能源汽车市场火爆，强有力的入局玩家日益增多，竞争变得更加严峻。蔚来仍然面临净亏损扩大等问题，如何在扩大产能销量后仍能保证服务质量并维护住高端定位？又何时才能够迎来扭亏为盈的节点？点击视频，一探究竟！（以上内容为自选股智能机器写手Money Call完成，仅作为用户看盘参考，不作为交易依据。）","news_type":1,"symbols_score_info":{"NIO":1}},"isVote":1,"tweetType":1,"viewCount":2471,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":131489741,"gmtCreate":1621873805683,"gmtModify":1704363732130,"author":{"id":"3581155580868820","authorId":"3581155580868820","name":"风雪腊梅","avatar":"https://static.tigerbbs.com/6098bb5390cb75567a6e67bf6a793e29","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581155580868820","idStr":"3581155580868820"},"themes":[],"htmlText":"???","listText":"???","text":"???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/131489741","repostId":"1184977128","repostType":2,"repost":{"id":"1184977128","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":1621820119,"share":"https://ttm.financial/m/news/1184977128?lang=en_US&edition=fundamental","pubTime":"2021-05-24 09:35","market":"hk","language":"zh","title":"The winning rate of one lot of New Hope Service is 50.01%, and the subscription of 10 lots is stable","url":"https://stock-news.laohu8.com/highlight/detail?id=1184977128","media":"老虎资讯综合","summary":"5月24日，$新希望服务$发布公告，发售价已按每股发售股份3.80港元厘定，预期股份将于2021年5月25日上午九时正开始在联交所买卖，股份将以每手1,000股股份为单位进行买卖。一手中签率50.01%，认购10手稳中一手。香港公开发售的发售股份最终数目为2000万股，相当于任何超额配股权获行使前根据全球发售初步可供认购发售股份总数的10.0%。截至本公告日期，超额配股权尚未获行使。","content":"<p>May 24th,<a href=\"https://laohu8.com/S/03658\">New Hope Services</a>It was announced that the Offer Price has been determined at HK $3.80 per Offer Share. It is expected that the Shares will start trading on the Stock Exchange at 9:00 a.m. on May 25, 2021, and the Shares will be traded in lots of 1,000 Shares each. Based on the offer price of HK $3.80 per offer share, the net proceeds from the global offering that the company will receive are estimated to be approximately HK $707 million.</p><p><img src=\"https://static.tigerbbs.com/f7f85e82f8f9efb4f937d407ae8b6733\" tg-width=\"1059\" tg-height=\"824\" referrerpolicy=\"no-referrer\"></p><p><b>Distribution result:</b></p><p>Group A has 1,000 shares per lot, and the admission fee is HK $4,747.37. The winning rate of one lot is 50.01%, and the subscription of 10 lots is stable.</p><p>The head of Group B is 1.5 million shares (1,500 lots), the funds required for the subscription are approximately HK $71,121,2042.85, and 1.5 million shares (1,500 lots) are allocated.</p><p><img src=\"https://static.tigerbbs.com/2c728eeb8ddfd6d91ae851b582887681\" tg-width=\"780\" tg-height=\"446\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/b773ec6c9871b372073c187926de0f76\" tg-width=\"769\" tg-height=\"685\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/817e46d9b3b39cba82e51b7bd54628ec\" tg-width=\"783\" tg-height=\"198\" referrerpolicy=\"no-referrer\"></p><p>A total of 14,792 valid applications were received under the Hong Kong Public Offering, involving a total of 95.073 million shares, equivalent to approximately 4.75 times the total number of 20 million shares offered in Hong Kong. As the Hong Kong Public Offering was less than 15 times oversubscribed, no Offer Shares were reallocated from the International Offering to the Hong Kong Public Offering. The final number of Offer Shares in the Hong Kong Public Offering is 20 million shares, representing 10.0% of the total number of Offer Shares initially available under the Global Offering before any over-allotment option is exercised.</p><p>The Offer Shares initially offered under the International Offering have been moderately oversubscribed, and the oversubscription in the International Offering represents 1.78 times the total number of Offer Shares initially available under the International Offering. The International Offering has a total of 130 placees. The final number of Offer Shares allocated to placees under the International Offering is 210 million.</p><p>Pursuant to the International Offering and pursuant to the cornerstone investment agreement entered into with the cornerstone investors, the number of Offer Shares subscribed by the cornerstone investors (namely Neptune Investment Holdings Limited (Neptune), Green Better Limited, Peak Reinsurance Limited, China Sichuan International Investment Limited, Keltic Investment (HK) Limited and Golden Star International Pty Limited has now been determined. And approximately 3.8%, 1.3%, 1.3%, 2.6%, 2.4% and 1.3% of the company's total issued share capital after the completion of the Global Offering.</p><p>In addition, the Company has granted an over-allotment option to the International Underwriters, which can be exercised by the Sole Global Coordinator at any time from the date of the International Underwriting Agreement until 30 days after the last day for submitting applications for the Hong Kong Public Offering, so as to require the Company to issue up to 30 million shares (accounting for 15% of the Offer Shares initially available under the Global Offering) at the price issued under the International Offering to make up for the over-allocation (if any) in the International Offering. As of the date of this announcement, the Over-allotment Option has not been exercised.</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>The winning rate of one lot of New Hope Service is 50.01%, and the subscription of 10 lots is stable</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\">\nThe winning rate of one lot of New Hope Service is 50.01%, and the subscription of 10 lots is stable\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\">2021-05-24 09:35</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>May 24th,<a href=\"https://laohu8.com/S/03658\">New Hope Services</a>It was announced that the Offer Price has been determined at HK $3.80 per Offer Share. It is expected that the Shares will start trading on the Stock Exchange at 9:00 a.m. on May 25, 2021, and the Shares will be traded in lots of 1,000 Shares each. Based on the offer price of HK $3.80 per offer share, the net proceeds from the global offering that the company will receive are estimated to be approximately HK $707 million.</p><p><img src=\"https://static.tigerbbs.com/f7f85e82f8f9efb4f937d407ae8b6733\" tg-width=\"1059\" tg-height=\"824\" referrerpolicy=\"no-referrer\"></p><p><b>Distribution result:</b></p><p>Group A has 1,000 shares per lot, and the admission fee is HK $4,747.37. The winning rate of one lot is 50.01%, and the subscription of 10 lots is stable.</p><p>The head of Group B is 1.5 million shares (1,500 lots), the funds required for the subscription are approximately HK $71,121,2042.85, and 1.5 million shares (1,500 lots) are allocated.</p><p><img src=\"https://static.tigerbbs.com/2c728eeb8ddfd6d91ae851b582887681\" tg-width=\"780\" tg-height=\"446\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/b773ec6c9871b372073c187926de0f76\" tg-width=\"769\" tg-height=\"685\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/817e46d9b3b39cba82e51b7bd54628ec\" tg-width=\"783\" tg-height=\"198\" referrerpolicy=\"no-referrer\"></p><p>A total of 14,792 valid applications were received under the Hong Kong Public Offering, involving a total of 95.073 million shares, equivalent to approximately 4.75 times the total number of 20 million shares offered in Hong Kong. As the Hong Kong Public Offering was less than 15 times oversubscribed, no Offer Shares were reallocated from the International Offering to the Hong Kong Public Offering. The final number of Offer Shares in the Hong Kong Public Offering is 20 million shares, representing 10.0% of the total number of Offer Shares initially available under the Global Offering before any over-allotment option is exercised.</p><p>The Offer Shares initially offered under the International Offering have been moderately oversubscribed, and the oversubscription in the International Offering represents 1.78 times the total number of Offer Shares initially available under the International Offering. The International Offering has a total of 130 placees. The final number of Offer Shares allocated to placees under the International Offering is 210 million.</p><p>Pursuant to the International Offering and pursuant to the cornerstone investment agreement entered into with the cornerstone investors, the number of Offer Shares subscribed by the cornerstone investors (namely Neptune Investment Holdings Limited (Neptune), Green Better Limited, Peak Reinsurance Limited, China Sichuan International Investment Limited, Keltic Investment (HK) Limited and Golden Star International Pty Limited has now been determined. And approximately 3.8%, 1.3%, 1.3%, 2.6%, 2.4% and 1.3% of the company's total issued share capital after the completion of the Global Offering.</p><p>In addition, the Company has granted an over-allotment option to the International Underwriters, which can be exercised by the Sole Global Coordinator at any time from the date of the International Underwriting Agreement until 30 days after the last day for submitting applications for the Hong Kong Public Offering, so as to require the Company to issue up to 30 million shares (accounting for 15% of the Offer Shares initially available under the Global Offering) at the price issued under the International Offering to make up for the over-allocation (if any) in the International Offering. As of the date of this announcement, the Over-allotment Option has not been exercised.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/6b69e234a63c2c0a69ccede7b0faaa18","relate_stocks":{"03658":"新希望服务"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1184977128","content_text":"5月24日，新希望服务发布公告，发售价已按每股发售股份3.80港元厘定，预期股份将于2021年5月25日上午九时正开始在联交所买卖，股份将以每手1,000股股份为单位进行买卖。按发售价每股发售股份3.80港元计算，公司将收取的全球发售所得款项净额估计约为7.07亿港元。分配结果：甲组每手1000股，入场费4747.37港元。一手中签率50.01%，认购10手稳中一手。乙组头为150万股（1500手），申购所需资金约71212042.85港元，获配150万股（1500）手。根据香港公开发售接获合共14,792份有效申请，涉及合共9507.3万股，相当于香港发售股份总数2000万股约4.75倍。由于香港公开发售的超额认购少于15倍，概无发售股份由国际发售重新分配至香港公开发售。香港公开发售的发售股份最终数目为2000万股，相当于任何超额配股权获行使前根据全球发售初步可供认购发售股份总数的10.0%。国际发售初步提呈发售的发售股份已获适度超额认购，及国际发售中的超额认购相当于国际发售项下初步可供认购的发售股份总数的1.78倍。国际发售共有130名承配人。国际发售项下分配予承配人的发售股份最终数目为2.1亿股。根据国际发售及依据与基石投资者订立的基石投资协议，基石投资者（即海王星投资控股有限公司（海王星）、Green Better Limited、鼎睿再保险有限公司、中国四川国际投资有限公司、Keltic Investment (HK) Limited及Golden Star International Pty Limited认购的发售股份数目现已厘定。海王星、Green Better、鼎睿再保险、四川国际投资、Keltic及Golden Star已分别认购3063万股、1021.3万股、1021万股、2039.4万股、1894.7万股及1021万股发售股份，假设超额配股权未获行使，分别相当于全球发售项下发售股份数目的约15.3%、5.1%、5.1%、10.2%、9.5%及5.1%；及全球发售完成后公司已发行股本总额的约3.8%、1.3%、1.3%、2.6%、2.4%及1.3%。此外，公司已向国际包销商授出超额配股权，可由独家全球协调人自国际包销协议日期起直至递交香港公开发售申请截止日期后30日内随时行使，以要求公司按国际发售项下发售价发行最多3000万股股份（占全球发售项下初步可供认购发售股份的15%），以补足国际发售中的超额分配（如有）。截至本公告日期，超额配股权尚未获行使。","news_type":1,"symbols_score_info":{"03658":0.9}},"isVote":1,"tweetType":1,"viewCount":2564,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":131417633,"gmtCreate":1621873542922,"gmtModify":1704363728419,"author":{"id":"3581155580868820","authorId":"3581155580868820","name":"风雪腊梅","avatar":"https://static.tigerbbs.com/6098bb5390cb75567a6e67bf6a793e29","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581155580868820","idStr":"3581155580868820"},"themes":[],"htmlText":"???","listText":"???","text":"???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/131417633","repostId":"1143539422","repostType":4,"isVote":1,"tweetType":1,"viewCount":714,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":131514700,"gmtCreate":1621867211500,"gmtModify":1704363593980,"author":{"id":"3581155580868820","authorId":"3581155580868820","name":"风雪腊梅","avatar":"https://static.tigerbbs.com/6098bb5390cb75567a6e67bf6a793e29","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581155580868820","idStr":"3581155580868820"},"themes":[],"htmlText":"???","listText":"???","text":"???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/131514700","repostId":"2137033137","repostType":4,"isVote":1,"tweetType":1,"viewCount":802,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":131260774,"gmtCreate":1621863453698,"gmtModify":1704363474736,"author":{"id":"3581155580868820","authorId":"3581155580868820","name":"风雪腊梅","avatar":"https://static.tigerbbs.com/6098bb5390cb75567a6e67bf6a793e29","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581155580868820","idStr":"3581155580868820"},"themes":[],"htmlText":"???","listText":"???","text":"???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/131260774","repostId":"1181999936","repostType":4,"repost":{"id":"1181999936","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":1621863122,"share":"https://ttm.financial/m/news/1181999936?lang=en_US&edition=fundamental","pubTime":"2021-05-24 21:32","market":"us","language":"zh","title":"Opening: In cooperation with Tesla, lidar company Luminar rose more than 8%","url":"https://stock-news.laohu8.com/highlight/detail?id=1181999936","media":"老虎资讯综合","summary":"5月24日，美股三大指数小幅高开，道指涨0.37%，纳指涨0.64%，标普500指数涨0.56%。中概教育股普遍低开，跟谁学跌逾7％，新东方教育跌逾5％，好未来跌4％。激光雷达公司Luminar涨超8","content":"<p>On May 24, the three major U.S. stock indexes opened slightly higher, with the Dow up 0.37%, the Nasdaq up 0.64%, and the S&P 500 up 0.56%.</p><p><img src=\"https://static.tigerbbs.com/71ce16c415605a558ef2e4679185e009\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>Chinese concept education stocks generally have an open low,<a href=\"https://laohu8.com/S/GSX\">Who to learn from</a>Fell more than 7%,<a href=\"https://laohu8.com/S/EDU\">New Oriental</a>Education fell more than 5%,<a href=\"https://laohu8.com/S/TAL\">TAL</a>Down 4%.</p><p>Lidar company Luminar rose more than 8%,<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>Entered into a contract with it for testing and development using laser sensor technology.</p><p><a href=\"https://laohu8.com/S/SPCE\">Virgin Galactic</a>With an increase of more than 20%, the Virgin Galactic spacecraft and rocket-powered aircraft VSS Unity successfully completed a space flight in New Mexico, USA on the 22nd.</p><p>Beyond Meat rose more than 6% after being upgraded by Bernstein.</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>Opening: In cooperation with Tesla, lidar company Luminar rose more than 8%</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; 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#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\">\nOpening: In cooperation with Tesla, lidar company Luminar rose more than 8%\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\">2021-05-24 21:32</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On May 24, the three major U.S. stock indexes opened slightly higher, with the Dow up 0.37%, the Nasdaq up 0.64%, and the S&P 500 up 0.56%.</p><p><img src=\"https://static.tigerbbs.com/71ce16c415605a558ef2e4679185e009\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>Chinese concept education stocks generally have an open low,<a href=\"https://laohu8.com/S/GSX\">Who to learn from</a>Fell more than 7%,<a href=\"https://laohu8.com/S/EDU\">New Oriental</a>Education fell more than 5%,<a href=\"https://laohu8.com/S/TAL\">TAL</a>Down 4%.</p><p>Lidar company Luminar rose more than 8%,<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>Entered into a contract with it for testing and development using laser sensor technology.</p><p><a href=\"https://laohu8.com/S/SPCE\">Virgin Galactic</a>With an increase of more than 20%, the Virgin Galactic spacecraft and rocket-powered aircraft VSS Unity successfully completed a space flight in New Mexico, USA on the 22nd.</p><p>Beyond Meat rose more than 6% after being upgraded by Bernstein.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ff6e3231d788a5a6d28cf7965385cc7f","relate_stocks":{"LAZR":"Luminar Technologies, Inc.",".DJI":"道琼斯",".SPX":"S&P 500 Index","TSLA":"特斯拉",".IXIC":"NASDAQ Composite"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1181999936","content_text":"5月24日，美股三大指数小幅高开，道指涨0.37%，纳指涨0.64%，标普500指数涨0.56%。中概教育股普遍低开，跟谁学跌逾7％，新东方教育跌逾5％，好未来跌4％。激光雷达公司Luminar涨超8%，特斯拉与其签订了一份使用激光传感器技术进行测试和开发的合同。维珍银河开涨超20%，维珍银河太空船、火箭动力飞机VSS Unity于22日在美国新墨西哥州成功完成太空飞行。Beyond Meat涨超6%，此前获伯恩斯坦上调评级。","news_type":1,"symbols_score_info":{"LAZR":0.9,"TSLA":0.9,".IXIC":0.9,".DJI":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":629,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":131260845,"gmtCreate":1621863423487,"gmtModify":1704363474251,"author":{"id":"3581155580868820","authorId":"3581155580868820","name":"风雪腊梅","avatar":"https://static.tigerbbs.com/6098bb5390cb75567a6e67bf6a793e29","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581155580868820","idStr":"3581155580868820"},"themes":[],"htmlText":"???","listText":"???","text":"???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/131260845","repostId":"1176526724","repostType":4,"isVote":1,"tweetType":1,"viewCount":697,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":133274928,"gmtCreate":1621761305564,"gmtModify":1704362178773,"author":{"id":"3581155580868820","authorId":"3581155580868820","name":"风雪腊梅","avatar":"https://static.tigerbbs.com/6098bb5390cb75567a6e67bf6a793e29","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581155580868820","idStr":"3581155580868820"},"themes":[],"htmlText":"???","listText":"???","text":"???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/133274928","repostId":"1169073200","repostType":4,"isVote":1,"tweetType":1,"viewCount":659,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":133366445,"gmtCreate":1621700581787,"gmtModify":1704361594857,"author":{"id":"3581155580868820","authorId":"3581155580868820","name":"风雪腊梅","avatar":"https://static.tigerbbs.com/6098bb5390cb75567a6e67bf6a793e29","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581155580868820","idStr":"3581155580868820"},"themes":[],"htmlText":"???","listText":"???","text":"???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/133366445","repostId":"1181267371","repostType":4,"repost":{"id":"1181267371","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":1621683714,"share":"https://ttm.financial/m/news/1181267371?lang=en_US&edition=fundamental","pubTime":"2021-05-22 19:41","market":"other","language":"zh","title":"Musk and former U.S. Treasury Secretary support cryptocurrency, Bitcoin quickly rises","url":"https://stock-news.laohu8.com/highlight/detail?id=1181267371","media":"老虎资讯综合","summary":"据外媒报道，有网友提问$特斯拉 $CEO埃隆·马斯克怎么看待那些因为加密货币而对其感到生气的人，马斯克回应称，真正的战斗是在法定货币和加密货币之间。总体而言，我支持后者。前美国财长萨默斯近日表示，数字货币类似于“数字黄金”，即使它们在经济中的重要性仍然有限。萨默斯认为，数字货币有机会成为一个新的形式，这种形式让人们安全地保有财富。他还认为，数字货币技术将继续存在，而且可能作为一种“数字黄金”而存在。","content":"<p>According to foreign media reports,<b>Some netizens asked questions<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>What does CEO Elon Musk think of those who are angry with cryptocurrencies? Musk responded that the real battle is between Fiat Money (Fiat Money) and cryptocurrencies. Overall, I support the latter.</b></p><p>Former U.S. Treasury Secretary Summers recently said that digital currencies are similar to \"digital gold\", even though their importance in the economy is still limited. Summers said that for those seeking assets \"independent of government control\", digital currencies have become an alternative to gold, which has been in this category for a long time before. Summers believes that digital currency has the opportunity to become a new form that allows people to keep their wealth safely. He also believes that digital currency technology will continue to exist, and it may exist as a kind of \"digital gold\".</p><p>Bitcoin rose by nearly US $1,000 in the short term, once hitting an intraday high of US $38,735 per coin, up more than 3% within the day.</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>Musk and former U.S. Treasury Secretary support cryptocurrency, Bitcoin quickly rises</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\">\nMusk and former U.S. Treasury Secretary support cryptocurrency, Bitcoin quickly rises\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\">2021-05-22 19:41</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>According to foreign media reports,<b>Some netizens asked questions<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>What does CEO Elon Musk think of those who are angry with cryptocurrencies? Musk responded that the real battle is between Fiat Money (Fiat Money) and cryptocurrencies. Overall, I support the latter.</b></p><p>Former U.S. Treasury Secretary Summers recently said that digital currencies are similar to \"digital gold\", even though their importance in the economy is still limited. Summers said that for those seeking assets \"independent of government control\", digital currencies have become an alternative to gold, which has been in this category for a long time before. Summers believes that digital currency has the opportunity to become a new form that allows people to keep their wealth safely. He also believes that digital currency technology will continue to exist, and it may exist as a kind of \"digital gold\".</p><p>Bitcoin rose by nearly US $1,000 in the short term, once hitting an intraday high of US $38,735 per coin, up more than 3% within the day.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/414360f2ef7b5c785cb936b4a9b53a44","relate_stocks":{"GBTC":"比特币ETF-Grayscale"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1181267371","content_text":"据外媒报道，有网友提问特斯拉CEO埃隆·马斯克怎么看待那些因为加密货币而对其感到生气的人，马斯克回应称，真正的战斗是在法定货币（Fiat Money，菲亚特货币）和加密货币之间。总体而言，我支持后者。前美国财长萨默斯近日表示，数字货币类似于“数字黄金”，即使它们在经济中的重要性仍然有限。萨默斯表示，对于那些寻求“独立于政府控制”的资产的人来说，数字货币成为了黄金的替代品，而在此前的很长时间里，黄金一直属于这一类资产。萨默斯认为，数字货币有机会成为一个新的形式，这种形式让人们安全地保有财富。他还认为，数字货币技术将继续存在，而且可能作为一种“数字黄金”而存在。比特币短线走高近1000美元，一度刷新日内高位至38735美元/枚，日内涨超3%。","news_type":1,"symbols_score_info":{"GBTC":0.9}},"isVote":1,"tweetType":1,"viewCount":716,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":139886805,"gmtCreate":1621606645007,"gmtModify":1704360484742,"author":{"id":"3581155580868820","authorId":"3581155580868820","name":"风雪腊梅","avatar":"https://static.tigerbbs.com/6098bb5390cb75567a6e67bf6a793e29","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581155580868820","idStr":"3581155580868820"},"themes":[],"htmlText":"???","listText":"???","text":"???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/139886805","repostId":"1129397425","repostType":2,"repost":{"id":"1129397425","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":1621422858,"share":"https://ttm.financial/m/news/1129397425?lang=en_US&edition=fundamental","pubTime":"2021-05-19 19:14","market":"us","language":"zh","title":"Nvidia Q1 financial report preview: Under production capacity constraints, what kind of report card will it submit","url":"https://stock-news.laohu8.com/highlight/detail?id=1129397425","media":"老虎资讯综合","summary":"5月19日消息，美国芯片设计公司英伟达将于下周三（5月26日）美股盘后，发布截至2021年5月2日的2022财年Q1财季财务报告。（注：前者为自然年时间，后者为财务年）上一季度，英伟达游戏和数据中心两","content":"<p>According to news on May 19, the American chip design company Nvidia will release its financial report for the Q1 fiscal quarter of 2022 ending May 2, 2021 after the U.S. stock market closes next Wednesday (May 26).<i>(Note: The former is the natural year, and the latter is the financial year)</i></p><p>Last quarter, Nvidia's gaming and data center businesses both set quarterly and full-fiscal-year revenue records. In this quarter, under the circumstances of limited production capacity and an explosion on the demand side, Nvidia will hand in a copy in the Q1 fiscal quarter of 2022. What kind of report card?</p><p><b>Fiscal Year 2021 Q4 Performance Review: Revenue and Net Profit Both Exceeded Market Expectations</b></p><p>In the previous quarter, Nvidia's revenue and net profit both exceeded market expectations. Wherein,</p><p><ul><li>Operating income was $5 billion, up 61% year-over-year, exceeding previous company guidance of $4.8 billion and Bloomberg consensus estimates.</li><li>GAAP net income was US $1.46 billion, a year-on-year increase of 53%, and the net income margin was 29%. GAAP diluted earnings per share were $2.31, compared to $2.12 in the same period last year.</li><li>Non-GAAP net profit was US $1.96 billion, a year-on-year increase of 67%, and the Non-GAAP net profit margin was 39%. Non-GAAP diluted earnings per share were $3.10, compared with $2.91 in the same period last year. The company's revenue guidance for Q1 fiscal 2022 is $5.3 billion, up 72% year-over-year.</li><li>The company's gross margin was 63%, down 180 basis points (1.8%) year-over-year.</li><li>It is worth mentioning that the company's gaming and data center businesses both set quarterly and full-fiscal year revenue records.</li></ul><img src=\"https://static.tigerbbs.com/1092407d07d200a07475ce5d10df72e9\" tg-width=\"752\" tg-height=\"472\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/ef3e263d2f2b699ca7488e079d294d74\" tg-width=\"751\" tg-height=\"420\" referrerpolicy=\"no-referrer\"></p><p><b>What key points to pay attention to in the Q1 fiscal quarter of fiscal year 2022</b></p><p><b>First, the chip shortage situation and when it will ease.</b></p><p>Before talking about the impact of \"core shortage\" on Nvidia, we can briefly analyze the reasons for the chip shortage. The most essential reason is the mismatch between production capacity and demand.</p><p>On the supply side, Intel's 7nm delay in launching last year forced more manufacturers to choose AMD CPUs, which in turn put production pressure on TSMC (AMD foundry). In addition, chip manufacturers including Samsung, SK Hynix and Micron have cut production capacity due to weak demand in personal computer and smartphone markets and falling memory chip prices in the past two years.</p><p>On the demand side, after COVID-19 pandemic, chip shipments were temporarily interrupted. At the same time, global demand for new mobile devices, personal computers, and data center upgrades has soared (demand for semiconductors has soared) with the rise of home trends such as telecommuting and online learning. Another very important reason is that the development of cloud services, 5G networks and artificial intelligence is driving a new round of \"super cycle\" of chip industry recovery.</p><p>In this way, the mismatch between the reduced production capacity and the rapid explosion of demand has jointly directed this wave of \"core shortage\" that has affected all walks of life around the world.</p><p><b>Although the market demand is strong, the constraints of chip shortages on Nvidia's performance growth are obvious.</b>The current chip shortage has actually led to a situation where \"supply determines demand\". In other words, the growth of the company's performance is entirely determined by the production capacity of chips.</p><p>Starting from this perspective, we can briefly analyze the situation of Nvidia. Nvidia's current main foundries are TSMC and Samsung.</p><p>Since the chip shortage will not improve, the chips available to Nvidia are completely limited by the production capacity of TSMC and Samsung. Therefore, the growth of TSMC and Samsung's production capacity can represent the growth of the supply side, while the growth of Nvidia's sales cost can basically represent the growth of the demand side.</p><p>Continuing to deduce according to this logic, it can be seen that Nvidia's chip shortage began at the end of July last year, and the imbalance between supply and demand will peak at the end of April this year, which is basically consistent with the company's previous warning and guidance.</p><p>JPMorgan Chase analyst Harlan Sur said that Nvidia's shipments are 10%-30% lower than the current demand level. It is expected that it will take 3-4 quarters for production capacity to meet market demand, and it will take an additional 1-2 quarters for channels to complete inventory replenishment. quarter.</p><p><img src=\"https://static.tigerbbs.com/955756081faa27b4d4d03de687484292\" tg-width=\"640\" tg-height=\"371\" referrerpolicy=\"no-referrer\"></p><p>As of March 3, Nvidia accounted for 3.37% of TSMC's chip production capacity, an increase of 10% from 3.04% at the beginning of the epidemic. But even so, it cannot meet the demand of the market, especially the demand for 5nm chips.</p><p>In fact, in order to meet the market demand for chips, TSMC, the world's largest foundry, is also expanding production capacity. Regarding the 5nm production capacity that Nvidia is most concerned about, TSMC has increased its production capacity to 105,000 chips per month in the first quarter of this year, and is expected to further increase to 120,000 in the second half of the year. The monthly production capacity in the previous quarter was 90,000 chips. After the expansion, Nvidia expects to occupy 3% of its 5nm production capacity and 21% of its 7nm production capacity in 2021.</p><p><img src=\"https://static.tigerbbs.com/5da8e6425217b370130a2aa7d7eebe04\" tg-width=\"640\" tg-height=\"228\" referrerpolicy=\"no-referrer\">Investors can pay attention to the impact of TSMC's production capacity increase on Nvidia's first-quarter performance, as well as the company's possible disclosure of guidance on the impact of chip shortages on the company's performance.</p><p><b>Secondly, it is the income from CMP series mining cards dedicated to mining.</b>Due to the rise of cryptocurrencies, the 30 series graphics cards are in short supply. In order to alleviate the shortage situation, the company has restricted the mining function of game graphics cards and released CMP series GPUs specifically for mining. The company expects CMP series CPUs Revenue will reach $150 million.</p><p>It should be noted that the price of Bitcoin has recently turned downward, driving the prices of cryptocurrencies such as Ethereum and CFX downward. Against the background of declining mining revenue, it remains to be seen by the market how the sales of CMP series GPUs will be. When the price of cryptocurrency soared before, First Shanghai had optimistically estimated that the CMP series GPUs would probably contribute an additional US $1 billion/year in revenue to Nvidia.</p><p><b>In addition, the automobile business is also a business that investors need to pay attention to.</b>The main logic is that with the birth of new brands such as Tesla, Nio, Ideal, and XPeng, cars are becoming another very important smart terminal after mobile phones.</p><p>Currently, Nvidia is mainly involved in the research and development of AI cockpit technology and autonomous driving. For example, Mercedes' second-generation 56-inch wide MBUX car uses Nvidia's AI cockpit technology; First Shanghai predicts that the smart cockpit project with Mercedes-Benz is expected to contribute billions of dollars in revenue. In addition, in terms of autonomous driving, electric vehicle companies such as Nio, Ideal, XPeng, and SAIC New Energy will cooperate with Nvidia to develop autonomous driving.</p><p>However, the current overall revenue of the automotive business is not large. In the previous quarter, the revenue of the automotive business was only US $145 million, accounting for less than 3% of the total revenue.</p><p><b>Finally, there is the progress of the acquisition of Arm.</b>The deal was first announced on September 14th last year, and now it has been more than eight months. Since the beginning of this year, the acquisition has been investigated by the European Union and the United Kingdom. In addition, large technology companies including Google, Microsoft and Qualcomm have also told U.S. antitrust regulators that Nvidia's acquisition of ARM will damage its business. Competition in vital industry sectors. However, as the acquiree, ARM CEO Simon Segars is not worried about this. When asked about the acquisition on March 30, local time, he said that he was looking forward to the merger with Nvidia.</p><p>The acquisition of Arm may be transformative for Nvidia, but the current geopolitics is not very friendly. Whether Nvidia can eliminate regulatory and industry companies' obstacles is unknown. Investors can pay attention to management's latest disclosures on the progress of the acquisition. Haitong International Securities said that we recognize the strategic benefits that the acquisition of Arm may bring to Nvidia, but this transaction may still be delayed or cancelled.</p><p><b>sum up</b></p><p>Overall, benefiting from the development of cloud computing, 5G and artificial intelligence, the semiconductor industry is ushering in a new round of super rebound cycle. In the short term, production capacity constraints are affecting many industries and are also the main factor restricting Nvidia's performance growth in the past year; The rise in cryptocurrencies has driven demand for CMP series graphics cards, and has also improved performance and profits. Recently, Bitcoin has turned downward, and the sales of its products remain to be seen. In the long run, according to the deduction of the model, the low imbalance between supply and demand reached its peak in April. It is expected that the balance between supply and demand will be achieved in 3-4 quarters, and it will take an additional 1-2 quarters for the channel side to complete inventory replenishment.</p><p><b>Fiscal 2022 Q1 Fiscal Quarter Performance Expectations</b></p><p>In April, Nvidia stated that due to the sales revenue of CMP products exceeding expectations (US $100 million more than expected), it expects revenue in the first quarter to be higher than the previously expected value of US $5.3 billion.</p><p>Bloomberg consensus forecast, Nvidia Q1 fiscal quarter 2022</p><p><ul><li>Revenue was US $5.41 billion, a year-on-year increase of 75.6%;</li><li>Adjusted net profit was US $2.08 billion, a year-on-year increase of 85.9%;</li><li>Adjusted earnings per share were $3.28, a year-over-year increase of 82.1%.</li></ul><img src=\"https://static.tigerbbs.com/65c0a44bf2afc9da13596671ade55f98\" tg-width=\"1617\" tg-height=\"697\" referrerpolicy=\"no-referrer\"></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>Nvidia Q1 financial report preview: Under production capacity constraints, what kind of report card will it submit</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\">\nNvidia Q1 financial report preview: Under production capacity constraints, what kind of report card will it submit\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\">2021-05-19 19:14</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>According to news on May 19, the American chip design company Nvidia will release its financial report for the Q1 fiscal quarter of 2022 ending May 2, 2021 after the U.S. stock market closes next Wednesday (May 26).<i>(Note: The former is the natural year, and the latter is the financial year)</i></p><p>Last quarter, Nvidia's gaming and data center businesses both set quarterly and full-fiscal-year revenue records. In this quarter, under the circumstances of limited production capacity and an explosion on the demand side, Nvidia will hand in a copy in the Q1 fiscal quarter of 2022. What kind of report card?</p><p><b>Fiscal Year 2021 Q4 Performance Review: Revenue and Net Profit Both Exceeded Market Expectations</b></p><p>In the previous quarter, Nvidia's revenue and net profit both exceeded market expectations. Wherein,</p><p><ul><li>Operating income was $5 billion, up 61% year-over-year, exceeding previous company guidance of $4.8 billion and Bloomberg consensus estimates.</li><li>GAAP net income was US $1.46 billion, a year-on-year increase of 53%, and the net income margin was 29%. GAAP diluted earnings per share were $2.31, compared to $2.12 in the same period last year.</li><li>Non-GAAP net profit was US $1.96 billion, a year-on-year increase of 67%, and the Non-GAAP net profit margin was 39%. Non-GAAP diluted earnings per share were $3.10, compared with $2.91 in the same period last year. The company's revenue guidance for Q1 fiscal 2022 is $5.3 billion, up 72% year-over-year.</li><li>The company's gross margin was 63%, down 180 basis points (1.8%) year-over-year.</li><li>It is worth mentioning that the company's gaming and data center businesses both set quarterly and full-fiscal year revenue records.</li></ul><img src=\"https://static.tigerbbs.com/1092407d07d200a07475ce5d10df72e9\" tg-width=\"752\" tg-height=\"472\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/ef3e263d2f2b699ca7488e079d294d74\" tg-width=\"751\" tg-height=\"420\" referrerpolicy=\"no-referrer\"></p><p><b>What key points to pay attention to in the Q1 fiscal quarter of fiscal year 2022</b></p><p><b>First, the chip shortage situation and when it will ease.</b></p><p>Before talking about the impact of \"core shortage\" on Nvidia, we can briefly analyze the reasons for the chip shortage. The most essential reason is the mismatch between production capacity and demand.</p><p>On the supply side, Intel's 7nm delay in launching last year forced more manufacturers to choose AMD CPUs, which in turn put production pressure on TSMC (AMD foundry). In addition, chip manufacturers including Samsung, SK Hynix and Micron have cut production capacity due to weak demand in personal computer and smartphone markets and falling memory chip prices in the past two years.</p><p>On the demand side, after COVID-19 pandemic, chip shipments were temporarily interrupted. At the same time, global demand for new mobile devices, personal computers, and data center upgrades has soared (demand for semiconductors has soared) with the rise of home trends such as telecommuting and online learning. Another very important reason is that the development of cloud services, 5G networks and artificial intelligence is driving a new round of \"super cycle\" of chip industry recovery.</p><p>In this way, the mismatch between the reduced production capacity and the rapid explosion of demand has jointly directed this wave of \"core shortage\" that has affected all walks of life around the world.</p><p><b>Although the market demand is strong, the constraints of chip shortages on Nvidia's performance growth are obvious.</b>The current chip shortage has actually led to a situation where \"supply determines demand\". In other words, the growth of the company's performance is entirely determined by the production capacity of chips.</p><p>Starting from this perspective, we can briefly analyze the situation of Nvidia. Nvidia's current main foundries are TSMC and Samsung.</p><p>Since the chip shortage will not improve, the chips available to Nvidia are completely limited by the production capacity of TSMC and Samsung. Therefore, the growth of TSMC and Samsung's production capacity can represent the growth of the supply side, while the growth of Nvidia's sales cost can basically represent the growth of the demand side.</p><p>Continuing to deduce according to this logic, it can be seen that Nvidia's chip shortage began at the end of July last year, and the imbalance between supply and demand will peak at the end of April this year, which is basically consistent with the company's previous warning and guidance.</p><p>JPMorgan Chase analyst Harlan Sur said that Nvidia's shipments are 10%-30% lower than the current demand level. It is expected that it will take 3-4 quarters for production capacity to meet market demand, and it will take an additional 1-2 quarters for channels to complete inventory replenishment. quarter.</p><p><img src=\"https://static.tigerbbs.com/955756081faa27b4d4d03de687484292\" tg-width=\"640\" tg-height=\"371\" referrerpolicy=\"no-referrer\"></p><p>As of March 3, Nvidia accounted for 3.37% of TSMC's chip production capacity, an increase of 10% from 3.04% at the beginning of the epidemic. But even so, it cannot meet the demand of the market, especially the demand for 5nm chips.</p><p>In fact, in order to meet the market demand for chips, TSMC, the world's largest foundry, is also expanding production capacity. Regarding the 5nm production capacity that Nvidia is most concerned about, TSMC has increased its production capacity to 105,000 chips per month in the first quarter of this year, and is expected to further increase to 120,000 in the second half of the year. The monthly production capacity in the previous quarter was 90,000 chips. After the expansion, Nvidia expects to occupy 3% of its 5nm production capacity and 21% of its 7nm production capacity in 2021.</p><p><img src=\"https://static.tigerbbs.com/5da8e6425217b370130a2aa7d7eebe04\" tg-width=\"640\" tg-height=\"228\" referrerpolicy=\"no-referrer\">Investors can pay attention to the impact of TSMC's production capacity increase on Nvidia's first-quarter performance, as well as the company's possible disclosure of guidance on the impact of chip shortages on the company's performance.</p><p><b>Secondly, it is the income from CMP series mining cards dedicated to mining.</b>Due to the rise of cryptocurrencies, the 30 series graphics cards are in short supply. In order to alleviate the shortage situation, the company has restricted the mining function of game graphics cards and released CMP series GPUs specifically for mining. The company expects CMP series CPUs Revenue will reach $150 million.</p><p>It should be noted that the price of Bitcoin has recently turned downward, driving the prices of cryptocurrencies such as Ethereum and CFX downward. Against the background of declining mining revenue, it remains to be seen by the market how the sales of CMP series GPUs will be. When the price of cryptocurrency soared before, First Shanghai had optimistically estimated that the CMP series GPUs would probably contribute an additional US $1 billion/year in revenue to Nvidia.</p><p><b>In addition, the automobile business is also a business that investors need to pay attention to.</b>The main logic is that with the birth of new brands such as Tesla, Nio, Ideal, and XPeng, cars are becoming another very important smart terminal after mobile phones.</p><p>Currently, Nvidia is mainly involved in the research and development of AI cockpit technology and autonomous driving. For example, Mercedes' second-generation 56-inch wide MBUX car uses Nvidia's AI cockpit technology; First Shanghai predicts that the smart cockpit project with Mercedes-Benz is expected to contribute billions of dollars in revenue. In addition, in terms of autonomous driving, electric vehicle companies such as Nio, Ideal, XPeng, and SAIC New Energy will cooperate with Nvidia to develop autonomous driving.</p><p>However, the current overall revenue of the automotive business is not large. In the previous quarter, the revenue of the automotive business was only US $145 million, accounting for less than 3% of the total revenue.</p><p><b>Finally, there is the progress of the acquisition of Arm.</b>The deal was first announced on September 14th last year, and now it has been more than eight months. Since the beginning of this year, the acquisition has been investigated by the European Union and the United Kingdom. In addition, large technology companies including Google, Microsoft and Qualcomm have also told U.S. antitrust regulators that Nvidia's acquisition of ARM will damage its business. Competition in vital industry sectors. However, as the acquiree, ARM CEO Simon Segars is not worried about this. When asked about the acquisition on March 30, local time, he said that he was looking forward to the merger with Nvidia.</p><p>The acquisition of Arm may be transformative for Nvidia, but the current geopolitics is not very friendly. Whether Nvidia can eliminate regulatory and industry companies' obstacles is unknown. Investors can pay attention to management's latest disclosures on the progress of the acquisition. Haitong International Securities said that we recognize the strategic benefits that the acquisition of Arm may bring to Nvidia, but this transaction may still be delayed or cancelled.</p><p><b>sum up</b></p><p>Overall, benefiting from the development of cloud computing, 5G and artificial intelligence, the semiconductor industry is ushering in a new round of super rebound cycle. In the short term, production capacity constraints are affecting many industries and are also the main factor restricting Nvidia's performance growth in the past year; The rise in cryptocurrencies has driven demand for CMP series graphics cards, and has also improved performance and profits. Recently, Bitcoin has turned downward, and the sales of its products remain to be seen. In the long run, according to the deduction of the model, the low imbalance between supply and demand reached its peak in April. It is expected that the balance between supply and demand will be achieved in 3-4 quarters, and it will take an additional 1-2 quarters for the channel side to complete inventory replenishment.</p><p><b>Fiscal 2022 Q1 Fiscal Quarter Performance Expectations</b></p><p>In April, Nvidia stated that due to the sales revenue of CMP products exceeding expectations (US $100 million more than expected), it expects revenue in the first quarter to be higher than the previously expected value of US $5.3 billion.</p><p>Bloomberg consensus forecast, Nvidia Q1 fiscal quarter 2022</p><p><ul><li>Revenue was US $5.41 billion, a year-on-year increase of 75.6%;</li><li>Adjusted net profit was US $2.08 billion, a year-on-year increase of 85.9%;</li><li>Adjusted earnings per share were $3.28, a year-over-year increase of 82.1%.</li></ul><img src=\"https://static.tigerbbs.com/65c0a44bf2afc9da13596671ade55f98\" tg-width=\"1617\" tg-height=\"697\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/3f1c866c487eb9e101f73a62d4495ce9","relate_stocks":{"NVDA":"英伟达"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129397425","content_text":"5月19日消息，美国芯片设计公司英伟达将于下周三（5月26日）美股盘后，发布截至2021年5月2日的2022财年Q1财季财务报告。（注：前者为自然年时间，后者为财务年）上一季度，英伟达游戏和数据中心两项业务均创下季度和全财年营收记录，这一季度，在产能受限和需求端大爆发的情况下，英伟达在2022年Q1财季会交一份怎样的成绩单？2021财年Q4业绩回顾：营收、净利润双双超出市场预期上一季度，英伟达营收、净利润双双超出市场预期。其中，营业收入为50亿美元，同比增长61%，超出此前48亿美元的公司指引和彭博一致预期。GAAP净利润14.6亿美元，同比增长53%，净利润率为29%。GAAP摊薄每股收益为2.31美元，去年同期为2.12美元。Non-GAAP净利润19.6亿美元，同比增长67%，Non-GAAP净利润率为39%。Non-GAAP摊薄每股收益为3.10美元，去年同期为2.91美元。公司对2022财年Q1的收入指引为53亿美元，同比增长72%。公司毛利率为63%，同比下降180个基点（1.8%）。值得一提的是，公司的游戏和数据中心两项业务均创下季度和全财年营收记录。2022财年Q1财季需要关注哪些要点首先，芯片短缺情况以及何时能缓解。在谈“缺芯”对英伟达的影响之前，可以简单分析一下芯片短缺原因，最本质的原因就是产能和需求的不匹配。在供给端，去年英特尔7nm推迟上市，迫使更多厂商选择AMD的CPU，继而给台积电（AMD代工商）施加了生产压力。另外，由于前两年，个人电脑和智能手机市场需求疲软，存储芯片价格下滑，三星、SK海力士以及美光在内的芯片制造商纷纷削减了产能。在需求端，新冠疫情之后，芯片发货暂时中断。与此同时，随着远程办公和在线学习等居家趋势的兴起，全球对于新移动设备、个人电脑以及数据中心升级的需求飙升（对半导体的需求飙升）。还有一个非常重要的原因是，云服务、5G网络以及人工智能的发展，正在推动新一轮芯片行业复苏的“超级周期”。如此，缩减后产能和快速爆发的需求之间的不匹配，共同导演了这场波及全球各行各业的“缺芯”浪潮。虽然市场需求旺盛，但芯片短缺对英伟达业绩增长的制约是显而易见的。当前的芯片短缺实际上导致了“供给决定需求”的局面，换言之，公司业绩的增长完全是由芯片的产能决定的。从这个角度入手，可以简单分析一下英伟达的情况。英伟达目前主要的代工厂是台积电和三星。由于芯片短缺不会改善，英伟达可以获得的芯片完全受台积电和三星的产能限制，因此台积电和三星产能的增长可以代表供给端增长情况，而英伟达销售成本的增长基本可以代表需求端的增长情况。按照这个逻辑继续推演，可以看到，英伟达的芯片短缺从去年7月底就开始了，而且供求失衡的情况将在今年4月底达到顶峰，基本与公司此前的预警和指导相一致。摩根大通分析师Harlan Sur表示，英伟达的出货量要比当前需求水平低10％-30％，预计3-4个季度后，产能才能满足市场需求，而渠道完成库存补充还额外需要1-2个季度。截至3月3日，英伟达在台积电芯片产能中占比为3.37%，较疫情开始时的3.04%提升了10%。但是即便如此，也不能满足市场的需求，特别是5nm芯片的需求。实际上，为了满足市场对芯片的需求，作为全球最大代工厂的台积电也在扩大产能。在英伟达最关心的5nm产能上，今年一季度台积电已将产能提升至月产10.5万个晶片，预计下半年进一步提升至12万，上一季度月度产能为9万片。扩产之后，英伟达方面预计2021年将占有3%的5nm产能和21%的7nm产能。投资者可以关注，台积电产能提升对英伟达一季度业绩的影响情况，以及公司可能披露的芯片短缺对公司业绩影响的指导。其次，是专门用于挖矿的CMP系列矿卡的收入。由于加密货币上涨，30系列系列显卡都处于供不应求的状态，为了为了缓解缺货情况，公司对游戏显卡的挖矿功能进行了限制，并专门为挖矿发布了CMP系列GPU，公司预计CMP系列CPU的收入将达到1.5亿美元。需要注意的是，比特币价格近期已掉头向下，带动以太坊、CFX等加密货币价格下行。在挖矿收益下行的背景下，CMP系列GPU销售情况如何，仍有待市场观察。在此前加密货币价格大涨之际，第一上海曾乐观估计，CMP系列GPU将有可能为英伟达贡献额外10亿美元/年的收入。此外，是汽车业务也是投资者需要关注的一项业务。主要逻辑在于，随着特斯拉、蔚来、理想、小鹏等新品牌的诞生，汽车正在成为继手机之后又一个非常重要的智能终端。目前，英伟达主要参与了AI驾驶舱技术和自动驾驶的研发。比如，梅赛德斯的第二代56英寸宽MBUX车机采用了英伟达的AI驾驶舱技术；第一上海预测，与梅赛德斯奔驰的智能座舱项目将有望贡献数十亿美元收入。此外，自动驾驶方面，蔚来、理想、小鹏、上汽新能源等电车企业均将与英伟达合作开发自动驾驶。不过，当前汽车业务整体营收不大，上一季度汽车业务的营收仅为1.45亿美元，占总营收的比例不到3%。最后，是收购Arm的进展。这项交易最早在去年9月14日宣布，如今时间已过去八个多月。今年以来，该项收购交易遭到欧盟和英国的调查，另外，谷歌、微软和高通在内的大型科技公司也曾向美国反垄断监管机构表示，英伟达收购ARM的交易将损害对其业务至关重要的行业领域的竞争。不过，作为被收购方，ARM的首席执行官Simon Segars对此并不担心。他当地时间3月30日在被问及收购问题时表示，期待和英伟达的合并。收购Arm对英伟达而言可能是变革性的，但当前地缘政治不太友好，英伟达能否排除监管以及业内公司的阻碍尚未可知，投资者可以关注管理层对收购进展的最新披露。海通国际证券表示，我们认识到收购Arm给英伟达可能带来的战略利益，但这笔交易仍有可能推迟或取消。总结总体而言，受益于云计算、5G和人工智能的发展，半导体产业正在迎来新一轮超级反弹周期。短期看，产能制约正在影响多个行业，也是制约英伟达近一年业绩增长的主要因素；加密货币上涨带动了对CMP系列显卡的需求，也提升了业绩和利润，在近期比特币已掉头向下，其产品的销售有待观察。长期看，按照模型的推演，4月低供需失衡达到顶峰，预计3-4个季度实现供需平衡，渠道端完成库存补充还额外需要1-2个季度。2022财年Q1财季业绩预期4月份，英伟达表示，由于CMP产品销售收入超预期（比预计多1亿美元），预计一季度营收将高于此前给出的53亿美元的预期值。彭博社一致预期，英伟达2022财年Q1财季营收为54.1亿美元，同比增长75.6%；调整后净利润20.8亿美元，同比增长85.9%；调整后每股收益3.28美元，同比增长82.1%。","news_type":1,"symbols_score_info":{"NVDA":0.9}},"isVote":1,"tweetType":1,"viewCount":559,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":139124927,"gmtCreate":1621602622869,"gmtModify":1704360375464,"author":{"id":"3581155580868820","authorId":"3581155580868820","name":"风雪腊梅","avatar":"https://static.tigerbbs.com/6098bb5390cb75567a6e67bf6a793e29","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581155580868820","idStr":"3581155580868820"},"themes":[],"htmlText":"???","listText":"???","text":"???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/139124927","repostId":"2137977224","repostType":2,"isVote":1,"tweetType":1,"viewCount":519,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":139911310,"gmtCreate":1621583562330,"gmtModify":1704360048519,"author":{"id":"3581155580868820","authorId":"3581155580868820","name":"风雪腊梅","avatar":"https://static.tigerbbs.com/6098bb5390cb75567a6e67bf6a793e29","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581155580868820","idStr":"3581155580868820"},"themes":[],"htmlText":"???","listText":"???","text":"???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/139911310","repostId":"1104392584","repostType":4,"repost":{"id":"1104392584","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":1621578280,"share":"https://ttm.financial/m/news/1104392584?lang=en_US&edition=fundamental","pubTime":"2021-05-21 14:24","market":"other","language":"zh","title":"JD Logistics has closed its IPO: overbought by more than 700 times, frozen capital by more than 550 billion Hong Kong dollars","url":"https://stock-news.laohu8.com/highlight/detail?id=1104392584","media":"老虎资讯综合","summary":"5月21日讯，京东物流已截止招股。市场消息透露，京东物流获超过100万人认购，超购逾700倍，冻资逾5500亿港元。5月21日周五，据彭博社，京东物流据悉将香港IPO发行价定为40.36港元/股，接近","content":"<p>On May 21st, JD Logistics has closed its IPO. According to market sources, JD Logistics has been subscribed by more than 1 million people, oversubscribed by more than 700 times, and frozen capital by more than 550 billion Hong Kong dollars.</p><p>On Friday, May 21, according to Bloomberg,<b>JD Logistics reportedly set the Hong Kong IPO issue price at HK $40.36 per share, which is close to the low end of the issuance guide price range (HK $39.36-43.36). In terms of the specific amount of financing, JD Logistics plans to raise US $3.2 billion through a Hong Kong IPO.</b></p><p>Earlier, JD Logistics said in an announcement on Monday that it was seeking to raise up to HK $26.4 billion (US $3.4 billion) through a Hong Kong IPO.<b>This means JD Logistics will be the city's second-largest IPO this year, behind Kuaishou's $6.2 billion listing deal in February.</b></p><p>The announcement also shows that JD Logistics will sell 609.2 million shares at a price of HK $39.36-43.36 per share, of which 18.275 million shares will be sold in Hong Kong. It will begin accepting investor subscriptions on Monday and will be listed for trading in Hong Kong on May 28.</p><p>According to previous media reports, JD Logistics has attracted seven cornerstone investors to participate in its IPO and agreed to subscribe for approximately US $1.5 billion in shares. They include SoftBank Vision Fund ($600 million), Temasek ($220 million), Blackstone Group ($150 million), Tiger Global ($200 million), China Chengtong Holding Group Ltd ($160 million), Matthews Asia ($100 million) and Oaktree Capital ($100 million). Bank of America Securities, Goldman Sachs Group and Haitong International Securities are the joint sponsors of this IPO.</p><p>According to the company's prospectus, JD Group began to build its own logistics in 2007, registered a logistics company in 2012, and formally established JD Logistics Group in April 2017. In February 2018, JD Logistics raised US $2.5 billion in financing. The company's service products mainly include warehouse distribution services, express delivery services, bulky services, cold chain services and cross-border services.</p><p>From 2018 to 2020, the revenue of JD Logistics has increased year by year, reaching 37.9 billion yuan, 49.8 billion yuan, and 73.4 billion yuan respectively. In 2019 and 2020, JD Logistics suffered losses of 2.2 billion yuan and 4 billion yuan respectively.</p><p>JD Logistics said it plans to use the IPO proceeds to upgrade and expand its logistics network, develop advanced technology and expand its customer base.</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>JD Logistics has closed its IPO: overbought by more than 700 times, frozen capital by more than 550 billion Hong Kong dollars</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\">\nJD Logistics has closed its IPO: overbought by more than 700 times, frozen capital by more than 550 billion Hong Kong dollars\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\">2021-05-21 14:24</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On May 21st, JD Logistics has closed its IPO. According to market sources, JD Logistics has been subscribed by more than 1 million people, oversubscribed by more than 700 times, and frozen capital by more than 550 billion Hong Kong dollars.</p><p>On Friday, May 21, according to Bloomberg,<b>JD Logistics reportedly set the Hong Kong IPO issue price at HK $40.36 per share, which is close to the low end of the issuance guide price range (HK $39.36-43.36). In terms of the specific amount of financing, JD Logistics plans to raise US $3.2 billion through a Hong Kong IPO.</b></p><p>Earlier, JD Logistics said in an announcement on Monday that it was seeking to raise up to HK $26.4 billion (US $3.4 billion) through a Hong Kong IPO.<b>This means JD Logistics will be the city's second-largest IPO this year, behind Kuaishou's $6.2 billion listing deal in February.</b></p><p>The announcement also shows that JD Logistics will sell 609.2 million shares at a price of HK $39.36-43.36 per share, of which 18.275 million shares will be sold in Hong Kong. It will begin accepting investor subscriptions on Monday and will be listed for trading in Hong Kong on May 28.</p><p>According to previous media reports, JD Logistics has attracted seven cornerstone investors to participate in its IPO and agreed to subscribe for approximately US $1.5 billion in shares. They include SoftBank Vision Fund ($600 million), Temasek ($220 million), Blackstone Group ($150 million), Tiger Global ($200 million), China Chengtong Holding Group Ltd ($160 million), Matthews Asia ($100 million) and Oaktree Capital ($100 million). Bank of America Securities, Goldman Sachs Group and Haitong International Securities are the joint sponsors of this IPO.</p><p>According to the company's prospectus, JD Group began to build its own logistics in 2007, registered a logistics company in 2012, and formally established JD Logistics Group in April 2017. In February 2018, JD Logistics raised US $2.5 billion in financing. The company's service products mainly include warehouse distribution services, express delivery services, bulky services, cold chain services and cross-border services.</p><p>From 2018 to 2020, the revenue of JD Logistics has increased year by year, reaching 37.9 billion yuan, 49.8 billion yuan, and 73.4 billion yuan respectively. In 2019 and 2020, JD Logistics suffered losses of 2.2 billion yuan and 4 billion yuan respectively.</p><p>JD Logistics said it plans to use the IPO proceeds to upgrade and expand its logistics network, develop advanced technology and expand its customer base.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/25e108e80ab0d5329f36d3b166f67111","relate_stocks":{},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1104392584","content_text":"5月21日讯，京东物流已截止招股。市场消息透露，京东物流获超过100万人认购，超购逾700倍，冻资逾5500亿港元。5月21日周五，据彭博社，京东物流据悉将香港IPO发行价定为40.36港元/股，接近发行指导价区间（39.36-43.36港元）低端。具体筹资金额方面，京东物流拟通过香港IPO筹资32亿美元。此前，京东物流曾在本周一的公告中表示，正寻求通过香港IPO筹集至多264亿港元（34亿美元）资金。这意味着京东物流将是该市今年第二大IPO，仅次于快手2月份的62亿美元上市交易。公告还显示，京东物流将以每股39.36-43.36港元的价格出售6.092亿股股票，其中香港发售1827.5万股，于周一开始接受投资者认购，5月28日在香港挂牌交易。此前媒体报道称，京东物流已吸引了七位基石投资者参与其IPO、同意认购约15亿美元的股票。它们包括软银愿景基金（6亿美元）、淡马锡（2.2亿美元）、黑石集团（1.5亿美元）、Tiger Global（ 2亿美元）、中国诚通控股集团有限公司（1.6亿美元）、Matthews Asia（1亿美元）和橡树资本（1亿美元）。 美银证券、高盛集团和海通国际证券是这宗IPO的联合保荐人。公司招股书显示，京东集团于2007年开始自建物流，2012年注册物流公司，2017年4月正式成立京东物流集团。2018年2月，京东物流进行25亿美元融资。公司的服务产品主要包括仓配服务、快递快运服务、大件服务、冷链服务及跨境服务。2018年—2020年，京东物流的收入逐年增长，分别为379亿元、498亿元、734亿元。2019年、2020年，京东物流分别为亏损了22亿元人民币、40亿元人民币。京东物流称，计划利用IPO所得来升级和扩展其物流网络，开发先进技术并扩展其客户群。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":484,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":139910129,"gmtCreate":1621583340861,"gmtModify":1704360044634,"author":{"id":"3581155580868820","authorId":"3581155580868820","name":"风雪腊梅","avatar":"https://static.tigerbbs.com/6098bb5390cb75567a6e67bf6a793e29","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581155580868820","idStr":"3581155580868820"},"themes":[],"htmlText":"???","listText":"???","text":"???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/139910129","repostId":"1158351998","repostType":4,"repost":{"id":"1158351998","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":1621574806,"share":"https://ttm.financial/m/news/1158351998?lang=en_US&edition=fundamental","pubTime":"2021-05-21 13:26","market":"hk","language":"zh","title":"Huawei to expand smart car partnership with Changan Automobile to develop chips","url":"https://stock-news.laohu8.com/highlight/detail?id=1158351998","media":"老虎资讯综合","summary":"5月21日，华为将扩大与汽车制造商长安汽车的智能汽车合作伙伴关系，以研发芯片。据四位知情人士透露，华为正在扩大与重庆长安汽车的智能汽车合作伙伴关系，包括汽车用半导体的设计和开发。两位消息人士称，两家公","content":"<p>On May 21, Huawei will expand its smart car partnership with automaker Changan Automobile to develop chips.</p><p>Huawei is expanding its smart car partnership with Chongqing Changan Automobile to include the design and development of semiconductors for automotive use, according to four people familiar with the matter. The two companies announced their smart car partnership plans in November last year and have been cooperating informally on chips for the past few months, two sources said. Another source said they could soon form a chip development joint venture.</p><p>In response, the relevant departments of Changan Automobile responded: Our main cooperation (with Huawei) is the development of new platforms and brand cooperation.</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>Huawei to expand smart car partnership with Changan Automobile to develop chips</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\">\nHuawei to expand smart car partnership with Changan Automobile to develop chips\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\">2021-05-21 13:26</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On May 21, Huawei will expand its smart car partnership with automaker Changan Automobile to develop chips.</p><p>Huawei is expanding its smart car partnership with Chongqing Changan Automobile to include the design and development of semiconductors for automotive use, according to four people familiar with the matter. The two companies announced their smart car partnership plans in November last year and have been cooperating informally on chips for the past few months, two sources said. Another source said they could soon form a chip development joint venture.</p><p>In response, the relevant departments of Changan Automobile responded: Our main cooperation (with Huawei) is the development of new platforms and brand cooperation.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/7f0607d088fd08637f4d6d330897aafb","relate_stocks":{},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158351998","content_text":"5月21日，华为将扩大与汽车制造商长安汽车的智能汽车合作伙伴关系，以研发芯片。据四位知情人士透露，华为正在扩大与重庆长安汽车的智能汽车合作伙伴关系，包括汽车用半导体的设计和开发。两位消息人士称，两家公司在去年11月公布了智能汽车合作计划，过去几个月一直在芯片方面非正式合作。另一位消息人士称，他们可能很快就会成立一家芯片开发合资企业。对此长安汽车有关部门回应：我们(和华为)主要合作的是全新平台的开发，以及品牌的合作。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":918,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":195184779,"gmtCreate":1621262816991,"gmtModify":1704354867873,"author":{"id":"3581155580868820","authorId":"3581155580868820","name":"风雪腊梅","avatar":"https://static.tigerbbs.com/6098bb5390cb75567a6e67bf6a793e29","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581155580868820","authorIdStr":"3581155580868820"},"themes":[],"htmlText":"???","listText":"???","text":"???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/195184779","repostId":"1122542619","repostType":4,"isVote":1,"tweetType":1,"viewCount":831,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":105139597,"gmtCreate":1620276367819,"gmtModify":1704341218069,"author":{"id":"3581155580868820","authorId":"3581155580868820","name":"风雪腊梅","avatar":"https://static.tigerbbs.com/6098bb5390cb75567a6e67bf6a793e29","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581155580868820","authorIdStr":"3581155580868820"},"themes":[],"htmlText":"???","listText":"???","text":"???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/105139597","repostId":"1169941737","repostType":4,"isVote":1,"tweetType":1,"viewCount":282,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":131417633,"gmtCreate":1621873542922,"gmtModify":1704363728419,"author":{"id":"3581155580868820","authorId":"3581155580868820","name":"风雪腊梅","avatar":"https://static.tigerbbs.com/6098bb5390cb75567a6e67bf6a793e29","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581155580868820","authorIdStr":"3581155580868820"},"themes":[],"htmlText":"???","listText":"???","text":"???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/131417633","repostId":"1143539422","repostType":4,"isVote":1,"tweetType":1,"viewCount":714,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":195119789,"gmtCreate":1621261752641,"gmtModify":1704354845157,"author":{"id":"3581155580868820","authorId":"3581155580868820","name":"风雪腊梅","avatar":"https://static.tigerbbs.com/6098bb5390cb75567a6e67bf6a793e29","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581155580868820","authorIdStr":"3581155580868820"},"themes":[],"htmlText":"???","listText":"???","text":"???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/195119789","repostId":"1126636094","repostType":4,"isVote":1,"tweetType":1,"viewCount":281,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":192268833,"gmtCreate":1621211836822,"gmtModify":1704353922144,"author":{"id":"3581155580868820","authorId":"3581155580868820","name":"风雪腊梅","avatar":"https://static.tigerbbs.com/6098bb5390cb75567a6e67bf6a793e29","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581155580868820","authorIdStr":"3581155580868820"},"themes":[],"htmlText":"???","listText":"???","text":"???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/192268833","repostId":"2135354984","repostType":4,"isVote":1,"tweetType":1,"viewCount":343,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":199947029,"gmtCreate":1620670830961,"gmtModify":1704346483792,"author":{"id":"3581155580868820","authorId":"3581155580868820","name":"风雪腊梅","avatar":"https://static.tigerbbs.com/6098bb5390cb75567a6e67bf6a793e29","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581155580868820","authorIdStr":"3581155580868820"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/199947029","repostId":"1136462987","repostType":4,"isVote":1,"tweetType":1,"viewCount":269,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"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me reply, thank you","text":"Help me reply, thank you","html":"Help me reply, thank 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thank you","text":"Help reply, thank you","html":"Help reply, thank you"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":133366445,"gmtCreate":1621700581787,"gmtModify":1704361594857,"author":{"id":"3581155580868820","authorId":"3581155580868820","name":"风雪腊梅","avatar":"https://static.tigerbbs.com/6098bb5390cb75567a6e67bf6a793e29","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581155580868820","authorIdStr":"3581155580868820"},"themes":[],"htmlText":"???","listText":"???","text":"???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/133366445","repostId":"1181267371","repostType":4,"repost":{"id":"1181267371","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":1621683714,"share":"https://ttm.financial/m/news/1181267371?lang=en_US&edition=fundamental","pubTime":"2021-05-22 19:41","market":"other","language":"zh","title":"Musk and former U.S. Treasury Secretary support cryptocurrency, Bitcoin quickly rises","url":"https://stock-news.laohu8.com/highlight/detail?id=1181267371","media":"老虎资讯综合","summary":"据外媒报道，有网友提问$特斯拉 $CEO埃隆·马斯克怎么看待那些因为加密货币而对其感到生气的人，马斯克回应称，真正的战斗是在法定货币和加密货币之间。总体而言，我支持后者。前美国财长萨默斯近日表示，数字货币类似于“数字黄金”，即使它们在经济中的重要性仍然有限。萨默斯认为，数字货币有机会成为一个新的形式，这种形式让人们安全地保有财富。他还认为，数字货币技术将继续存在，而且可能作为一种“数字黄金”而存在。","content":"<p>According to foreign media reports,<b>Some netizens asked questions<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>What does CEO Elon Musk think of those who are angry with cryptocurrencies? Musk responded that the real battle is between Fiat Money (Fiat Money) and cryptocurrencies. Overall, I support the latter.</b></p><p>Former U.S. Treasury Secretary Summers recently said that digital currencies are similar to \"digital gold\", even though their importance in the economy is still limited. Summers said that for those seeking assets \"independent of government control\", digital currencies have become an alternative to gold, which has been in this category for a long time before. Summers believes that digital currency has the opportunity to become a new form that allows people to keep their wealth safely. He also believes that digital currency technology will continue to exist, and it may exist as a kind of \"digital gold\".</p><p>Bitcoin rose by nearly US $1,000 in the short term, once hitting an intraday high of US $38,735 per coin, up more than 3% within the day.</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>Musk and former U.S. Treasury Secretary support cryptocurrency, Bitcoin quickly rises</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\">\nMusk and former U.S. Treasury Secretary support cryptocurrency, Bitcoin quickly rises\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\">2021-05-22 19:41</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>According to foreign media reports,<b>Some netizens asked questions<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>What does CEO Elon Musk think of those who are angry with cryptocurrencies? Musk responded that the real battle is between Fiat Money (Fiat Money) and cryptocurrencies. Overall, I support the latter.</b></p><p>Former U.S. Treasury Secretary Summers recently said that digital currencies are similar to \"digital gold\", even though their importance in the economy is still limited. Summers said that for those seeking assets \"independent of government control\", digital currencies have become an alternative to gold, which has been in this category for a long time before. Summers believes that digital currency has the opportunity to become a new form that allows people to keep their wealth safely. He also believes that digital currency technology will continue to exist, and it may exist as a kind of \"digital gold\".</p><p>Bitcoin rose by nearly US $1,000 in the short term, once hitting an intraday high of US $38,735 per coin, up more than 3% within the day.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/414360f2ef7b5c785cb936b4a9b53a44","relate_stocks":{"GBTC":"比特币ETF-Grayscale"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1181267371","content_text":"据外媒报道，有网友提问特斯拉CEO埃隆·马斯克怎么看待那些因为加密货币而对其感到生气的人，马斯克回应称，真正的战斗是在法定货币（Fiat Money，菲亚特货币）和加密货币之间。总体而言，我支持后者。前美国财长萨默斯近日表示，数字货币类似于“数字黄金”，即使它们在经济中的重要性仍然有限。萨默斯表示，对于那些寻求“独立于政府控制”的资产的人来说，数字货币成为了黄金的替代品，而在此前的很长时间里，黄金一直属于这一类资产。萨默斯认为，数字货币有机会成为一个新的形式，这种形式让人们安全地保有财富。他还认为，数字货币技术将继续存在，而且可能作为一种“数字黄金”而存在。比特币短线走高近1000美元，一度刷新日内高位至38735美元/枚，日内涨超3%。","news_type":1,"symbols_score_info":{"GBTC":0.9}},"isVote":1,"tweetType":1,"viewCount":716,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":191571486,"gmtCreate":1620894591645,"gmtModify":1704350032304,"author":{"id":"3581155580868820","authorId":"3581155580868820","name":"风雪腊梅","avatar":"https://static.tigerbbs.com/6098bb5390cb75567a6e67bf6a793e29","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581155580868820","authorIdStr":"3581155580868820"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/191571486","repostId":"1144844591","repostType":4,"repost":{"id":"1144844591","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":1620893784,"share":"https://ttm.financial/m/news/1144844591?lang=en_US&edition=fundamental","pubTime":"2021-05-13 16:16","market":"hk","language":"zh","title":"Market Overview: Cyclical stocks collectively fell! Technology stocks are rapidly \"entering winter\"","url":"https://stock-news.laohu8.com/highlight/detail?id=1144844591","media":"老虎资讯综合","summary":"港股\n港股三大指数全线大跌，热门行业板块重挫，大型科技股尾盘跌幅进一步扩大，恒生科技指数大跌3.33%报7599点，恒指跌1.81%报27718点，国指跌2.05%报10339点，三大指数均收在日内最","content":"<p><b>Hong Kong Stocks</b></p><p>The three major Hong Kong stock indexes fell sharply across the board, popular industry sectors fell sharply, and the decline of large technology stocks further expanded in late trading. The Hang Seng Technology Index fell 3.33% to 7,599 points, the Hang Seng Index fell 1.81% to 27,718 points, and the State Index fell 2.05% to 10,339 points. All three major indexes closed at their lowest points in the day.</p><p><img src=\"https://static.tigerbbs.com/fa963eb2ea303e8c98f1fda387a05d87\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>On the disk, Kuaishou, a large technology stock, fell 6.4%.<a href=\"https://laohu8.com/S/09999\">NetEase-S</a>Fell more than 4%,<a href=\"https://laohu8.com/S/00700\">Tencent</a>、<a href=\"https://laohu8.com/S/09988\">Alibaba-SW</a>Both fell by more than 3%, and both dragged down the Hang Seng Index by 150 points; The country is actively responding to rising commodities and rising expectations for the Federal Reserve's rate hike. Non-ferrous metal stocks such as steel, copper, and gold that were active in the early stage fell sharply across the board.<a href=\"https://laohu8.com/S/01029\">Iron goods</a>It fell more than 16%,<a href=\"https://laohu8.com/S/01258\">China Nonferrous Mining Industry</a>It fell 10% and hit a new high a few days ago.<a href=\"https://laohu8.com/S/00358\">Jiangxi Copper Co., Ltd</a>、<a href=\"https://laohu8.com/S/01053\">Chongqing Iron and Steel Co.,</a>Etc. all fell; Automobile stocks, coal stocks, photovoltaic stocks, blockchain concept stocks, etc. all fell.</p><p><b>A Shares</b></p><p>In the afternoon, cyclical sectors such as steel and non-ferrous metals expanded their declines and dragged down the index to weaken again. The Shanghai Composite Index closed down 0.96% to 3,429 points throughout the day, the Shenzhen Component Index fell 1.05% to 13,917 points, and the ChiNext Index fell 0.57% to 2,943 points.</p><p><img src=\"https://static.tigerbbs.com/d2613c84715956bab9025eca6281922d\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>Overall, most stocks in the two cities fell, market funds were mainly concentrated in the pharmaceutical sector, and Chinese medicine stocks rose the most.<a href=\"https://laohu8.com/S/002907\">Watson Pharmaceutical</a>Waiting for the daily limit of many stocks; The concept of medical beauty fell slightly in the afternoon, but the increase was still high.<a href=\"https://laohu8.com/S/002435\">Changjiang Health</a>Waiting for the daily limit of stocks; Concepts such as biological vaccines, anti-influenza, and new crown testing are active; The trend of pension concept stocks is divergent,<a href=\"https://laohu8.com/S/002285\">World Union Bank</a>Waiting for the daily limit of stocks. The steel sector led the heavy losses,<a href=\"https://laohu8.com/S/600307\">Jiugang Hongxing</a>And many other stocks fell by more than 9%; Non-ferrous metals, coal, automobiles and other sectors fell sharply.</p><p><b>US stocks</b></p><p>The three major U.S. stock index futures fell slightly. As of press time, Dow futures fell 0.5%; Nasdaq 100 futures fell 0.24%; S&P 500 futures fell 0.38%.</p><p><img src=\"https://static.tigerbbs.com/63331097fe8b61793e49958d36d990a4\" tg-width=\"1242\" tg-height=\"406\" referrerpolicy=\"no-referrer\"></p><p>The blockchain sector of the U.S. stock market fell sharply before the market, Marathon Patent fell more than 15%, Riot Blockchain fell more than 12%, micro strategy,<a href=\"https://laohu8.com/S/CAN\">Canaan Technology</a>It fell more than 8%, and Coinbase fell 5%.</p><p><a href=\"https://laohu8.com/S/TSLA\">Tesla</a>It fell more than 2% before the market. Yesterday Musk announced the suspension of the use of Bitcoin payments.</p><p><a href=\"https://laohu8.com/S/BILI\">Bilibili</a>It rose nearly 3% before the market. Bilibili will announce its first-quarter financial report before the U.S. stock market opens today.</p><p><b>European stocks</b></p><p>Most major European indexes fell. As of press time, the German DAX index fell 1.97%.<a href=\"https://laohu8.com/S/VUKE.UK\">UK FTSE 100</a>The index fell 2.13%, the French CAC40 index fell 1.77%, and the European Stoxx 50 index fell 2.06%.</p><p><img src=\"https://static.tigerbbs.com/67bf83205b4f7a7a37986bb09d5971d4\" tg-width=\"819\" tg-height=\"359\" referrerpolicy=\"no-referrer\"></p><p><b>crude oil</b></p><p>International oil prices continued to fall. As of press time, WTI crude oil was at US $64.79/barrel, down 1.95%; Brent oil is now trading at $68.03 a barrel, down 1.86%. The sharp rise in CPI in the United States in April triggered market panic. Oil prices are expected to close down during the day, and may enter a high volatile mode in the short term.</p><p><img src=\"https://static.tigerbbs.com/2c08a54d634a09b6b1eb06880ec14da7\" tg-width=\"822\" tg-height=\"833\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/47b08ea9745b6ba5f7d2e9268856ef5b\" tg-width=\"822\" tg-height=\"833\" referrerpolicy=\"no-referrer\"></p><p><b>Gold</b></p><p>International gold fell slightly, falling 0.36% on the day to $1,816.2 per ounce. After U.S. consumer prices rose more than expected in April, the 10-year U.S. Treasury yield hit a more than one-month high of 1.701%, limiting gains in gold prices.</p><p><img src=\"https://static.tigerbbs.com/6c8582c92e7d26a9620ff77a7a9affe6\" tg-width=\"822\" tg-height=\"833\" referrerpolicy=\"no-referrer\"></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: Cyclical stocks collectively fell! Technology stocks are rapidly \"entering winter\"</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: Cyclical stocks collectively fell! Technology stocks are rapidly \"entering winter\"\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\">2021-05-13 16:16</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><b>Hong Kong Stocks</b></p><p>The three major Hong Kong stock indexes fell sharply across the board, popular industry sectors fell sharply, and the decline of large technology stocks further expanded in late trading. The Hang Seng Technology Index fell 3.33% to 7,599 points, the Hang Seng Index fell 1.81% to 27,718 points, and the State Index fell 2.05% to 10,339 points. All three major indexes closed at their lowest points in the day.</p><p><img src=\"https://static.tigerbbs.com/fa963eb2ea303e8c98f1fda387a05d87\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>On the disk, Kuaishou, a large technology stock, fell 6.4%.<a href=\"https://laohu8.com/S/09999\">NetEase-S</a>Fell more than 4%,<a href=\"https://laohu8.com/S/00700\">Tencent</a>、<a href=\"https://laohu8.com/S/09988\">Alibaba-SW</a>Both fell by more than 3%, and both dragged down the Hang Seng Index by 150 points; The country is actively responding to rising commodities and rising expectations for the Federal Reserve's rate hike. Non-ferrous metal stocks such as steel, copper, and gold that were active in the early stage fell sharply across the board.<a href=\"https://laohu8.com/S/01029\">Iron goods</a>It fell more than 16%,<a href=\"https://laohu8.com/S/01258\">China Nonferrous Mining Industry</a>It fell 10% and hit a new high a few days ago.<a href=\"https://laohu8.com/S/00358\">Jiangxi Copper Co., Ltd</a>、<a href=\"https://laohu8.com/S/01053\">Chongqing Iron and Steel Co.,</a>Etc. all fell; Automobile stocks, coal stocks, photovoltaic stocks, blockchain concept stocks, etc. all fell.</p><p><b>A Shares</b></p><p>In the afternoon, cyclical sectors such as steel and non-ferrous metals expanded their declines and dragged down the index to weaken again. The Shanghai Composite Index closed down 0.96% to 3,429 points throughout the day, the Shenzhen Component Index fell 1.05% to 13,917 points, and the ChiNext Index fell 0.57% to 2,943 points.</p><p><img src=\"https://static.tigerbbs.com/d2613c84715956bab9025eca6281922d\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>Overall, most stocks in the two cities fell, market funds were mainly concentrated in the pharmaceutical sector, and Chinese medicine stocks rose the most.<a href=\"https://laohu8.com/S/002907\">Watson Pharmaceutical</a>Waiting for the daily limit of many stocks; The concept of medical beauty fell slightly in the afternoon, but the increase was still high.<a href=\"https://laohu8.com/S/002435\">Changjiang Health</a>Waiting for the daily limit of stocks; Concepts such as biological vaccines, anti-influenza, and new crown testing are active; The trend of pension concept stocks is divergent,<a href=\"https://laohu8.com/S/002285\">World Union Bank</a>Waiting for the daily limit of stocks. The steel sector led the heavy losses,<a href=\"https://laohu8.com/S/600307\">Jiugang Hongxing</a>And many other stocks fell by more than 9%; Non-ferrous metals, coal, automobiles and other sectors fell sharply.</p><p><b>US stocks</b></p><p>The three major U.S. stock index futures fell slightly. As of press time, Dow futures fell 0.5%; Nasdaq 100 futures fell 0.24%; S&P 500 futures fell 0.38%.</p><p><img src=\"https://static.tigerbbs.com/63331097fe8b61793e49958d36d990a4\" tg-width=\"1242\" tg-height=\"406\" referrerpolicy=\"no-referrer\"></p><p>The blockchain sector of the U.S. stock market fell sharply before the market, Marathon Patent fell more than 15%, Riot Blockchain fell more than 12%, micro strategy,<a href=\"https://laohu8.com/S/CAN\">Canaan Technology</a>It fell more than 8%, and Coinbase fell 5%.</p><p><a href=\"https://laohu8.com/S/TSLA\">Tesla</a>It fell more than 2% before the market. Yesterday Musk announced the suspension of the use of Bitcoin payments.</p><p><a href=\"https://laohu8.com/S/BILI\">Bilibili</a>It rose nearly 3% before the market. Bilibili will announce its first-quarter financial report before the U.S. stock market opens today.</p><p><b>European stocks</b></p><p>Most major European indexes fell. As of press time, the German DAX index fell 1.97%.<a href=\"https://laohu8.com/S/VUKE.UK\">UK FTSE 100</a>The index fell 2.13%, the French CAC40 index fell 1.77%, and the European Stoxx 50 index fell 2.06%.</p><p><img src=\"https://static.tigerbbs.com/67bf83205b4f7a7a37986bb09d5971d4\" tg-width=\"819\" tg-height=\"359\" referrerpolicy=\"no-referrer\"></p><p><b>crude oil</b></p><p>International oil prices continued to fall. As of press time, WTI crude oil was at US $64.79/barrel, down 1.95%; Brent oil is now trading at $68.03 a barrel, down 1.86%. The sharp rise in CPI in the United States in April triggered market panic. Oil prices are expected to close down during the day, and may enter a high volatile mode in the short term.</p><p><img src=\"https://static.tigerbbs.com/2c08a54d634a09b6b1eb06880ec14da7\" tg-width=\"822\" tg-height=\"833\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/47b08ea9745b6ba5f7d2e9268856ef5b\" tg-width=\"822\" tg-height=\"833\" referrerpolicy=\"no-referrer\"></p><p><b>Gold</b></p><p>International gold fell slightly, falling 0.36% on the day to $1,816.2 per ounce. After U.S. consumer prices rose more than expected in April, the 10-year U.S. Treasury yield hit a more than one-month high of 1.701%, limiting gains in gold prices.</p><p><img src=\"https://static.tigerbbs.com/6c8582c92e7d26a9620ff77a7a9affe6\" tg-width=\"822\" tg-height=\"833\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/a5d11890cd6ccd454a56d86737fd3353","relate_stocks":{"399001":"深证成指","399006":"创业板指","QNETCN":"纳斯达克中美互联网老虎指数","TTTN":"老虎中美互联网巨头ETF","03086":"华夏纳指","000001.SH":"上证指数","HSCEI":"国企指数",".IXIC":"NASDAQ Composite","HSTECH":"恒生科技指数",".DJI":"道琼斯","HSI":"恒生指数","HSCCI":"红筹指数",".SPX":"S&P 500 Index"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1144844591","content_text":"港股\n港股三大指数全线大跌，热门行业板块重挫，大型科技股尾盘跌幅进一步扩大，恒生科技指数大跌3.33%报7599点，恒指跌1.81%报27718点，国指跌2.05%报10339点，三大指数均收在日内最低点。\n\n盘面上，大型科技股快手大跌6.4%，网易-S跌超4%，腾讯、阿里巴巴-SW均跌超3%，两者拖累恒指下跌150点；国内积极应对大宗商品上涨及美联储加息预期升温，前期活跃的钢铁、铜、黄金等有色金属股全线大跌，铁货大跌超16%，中国有色矿业大跌10%，日前曾创新高，江西铜业股份、重庆钢铁股份等均下挫；汽车股、煤炭股、光伏股、区块链概念股等全线下跌。\nA股\n午后，钢铁、有色等周期板块扩大跌幅拖累指数再度走弱，沪指全天收跌0.96%报3429点，深成指跌1.05%报13917点，创业板指跌0.57%报2943点。\n\n整体看，两市个股多数下跌，市场资金主要聚集在医药板块，中药股涨幅最大，华森制药等多股涨停；医美概念午后稍有回落，但涨幅依旧靠前，长江健康等股涨停；生物疫苗、抗流感、新冠检测等概念活跃；养老概念股走势分化，世联行等股涨停。钢铁板块重挫居前，酒钢宏兴等多股跌幅在9%以上；有色、煤炭、汽车等板块大跌靠前。\n美股\n美国三大股指期货小幅下跌，截至发稿，道指期货跌0.5%；纳斯达克100指数期货跌0.24%；标普500指数期货跌0.38%。 \n\n美股区块链板块盘前大跌，Marathon Patent跌超15%，Riot Blockchain跌超12%，微策略、嘉楠科技跌超8%，Coinbase跌5%。\n特斯拉盘前跌超2%，昨日马斯克宣布暂停使用比特币支付。\n哔哩哔哩盘前涨近3%，B站将于今日美股盘前公布第一季度财报。\n欧股\n欧洲主要指数多数下跌，截止发稿，德国DAX指数跌1.97%，英国富时100指数跌2.13%，法国CAC40指数跌1.77%，欧洲斯托克50指数跌2.06%。\n\n原油\n国际油价持续下挫，截止发稿，WTI原油报64.79美元/桶，跌1.95%；布油现报68.03美元/桶，跌1.86%。美国4月CPI大涨引爆市场恐慌情绪，油价日内料收跌，短线可能进入高位震荡模式。\n\n黄金\n国际黄金小幅走低，日内跌0.36%，报1816.2美元/盎司。在美国4月消费者物价涨幅超过预期后，10年期美债收益率触及逾一个月高位1.701%，限制金价涨势。","news_type":1,"symbols_score_info":{"399001":0.9,"399006":0.9,"000001.SH":0.9,"QNETCN":0.9,"HSI":0.9,".DJI":0.9,"HSCCI":0.9,"TTTN":0.9,"03086":0.9,"HSCEI":0.9,"HSTECH":0.9,".IXIC":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":555,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":187301724,"gmtCreate":1623738198968,"gmtModify":1704210035732,"author":{"id":"3581155580868820","authorId":"3581155580868820","name":"风雪腊梅","avatar":"https://static.tigerbbs.com/6098bb5390cb75567a6e67bf6a793e29","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581155580868820","authorIdStr":"3581155580868820"},"themes":[],"htmlText":"???","listText":"???","text":"???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/187301724","repostId":"1126523309","repostType":4,"isVote":1,"tweetType":1,"viewCount":2096,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":194110300,"gmtCreate":1621347295200,"gmtModify":1704356201995,"author":{"id":"3581155580868820","authorId":"3581155580868820","name":"风雪腊梅","avatar":"https://static.tigerbbs.com/6098bb5390cb75567a6e67bf6a793e29","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581155580868820","authorIdStr":"3581155580868820"},"themes":[],"htmlText":"???","listText":"???","text":"???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/194110300","repostId":"1183341282","repostType":4,"repost":{"id":"1183341282","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":1621345715,"share":"https://ttm.financial/m/news/1183341282?lang=en_US&edition=fundamental","pubTime":"2021-05-18 21:48","market":"us","language":"zh","title":"IQiyi's early gain expanded to 11%, and the company's first-quarter revenue was 8 billion yuan","url":"https://stock-news.laohu8.com/highlight/detail?id=1183341282","media":"老虎资讯综合","summary":"5月18日，爱奇艺盘初涨幅扩大至11%，公司第一季度营收80亿元，订阅数净增360万。爱奇艺季报图解：营收80亿 会员规模季度增长360万爱奇艺今日公布财报，财报显示，爱奇艺2021年第一季度营收为8","content":"<p>May 18th,<a href=\"https://laohu8.com/S/IQ\">IQiyi</a>The increase expanded to 11% at the beginning of the session. The company's revenue in the first quarter was 8 billion yuan, and the number of subscriptions increased by 3.6 million.</p><p><img src=\"https://static.tigerbbs.com/aba07754c496fb73dfdd6ab5e1d1c8eb\" tg-width=\"1302\" tg-height=\"833\" referrerpolicy=\"no-referrer\"></p><p><b>Illustration of iQiyi's quarterly report: revenue of 8 billion, membership size increased by 3.6 million quarterly</b></p><p>IQiyi announced its financial report today. The financial report shows that iQiyi's revenue in the first quarter of 2021 will be 8 billion yuan (about 1.2 billion US dollars), achieving unexpected growth.</p><p>As of the end of the first quarter, the number of iQiyi subscription members reached 105.3 million. Affected by the positive financial report, iQiyi's current stock price has risen by more than 4% before the market.</p><p>\"We started off with a comprehensive and solid quarter performance.\" Dr. Gong Yu, founder, director and CEO of iQiyi, said: \"In the first quarter, our subscription members increased by 3.6 million, and our membership service revenue increased by 12% quarter-on-quarter, reaching the peak in the past year in absolute terms. The significant growth is largely due to the launch of rich dramas, variety shows and movies during the quarter.\"</p><p>\"In particular, the drama series\" Son-in-law \"has become another benchmark in terms of ratings and monetization efficiency, which also confirms our exclusive content strategy. On April 22nd, we celebrated the 11th anniversary of the company's establishment. Years of fierce competition have made us more confident to further strengthen our leadership position. We firmly believe that long video as a form of entertainment is irreplaceable, and we are fully prepared to meet future opportunities and challenges.\"</p><p>\"Total revenue in the first quarter exceeded our previous expectations, achieving healthy quarter-on-quarter and year-on-year growth.\" iQiyi Chief Financial Officer Wang Xiaodong said: \"During the quarter, we launched a number of popular content pieces, and at the same time, improved investment efficiency boosted the year-on-year decline in content costs for the third consecutive quarter. We will continue to implement the goal of improving return on investment and drive the development of different businesses including content, technology and marketing. This escorts iQiyi's sustainable long-term development.</p><p><b>IQiyi's Q1 revenue was 8 billion, a year-on-year increase of 4%</b></p><p><img src=\"https://static.tigerbbs.com/5cda524aafd93a3ba0a185b6f29bbf9f\" tg-width=\"882\" tg-height=\"443\" referrerpolicy=\"no-referrer\"></p><p>IQiyi's revenue in the first quarter of 2021 was approximately 8 billion yuan, an increase of 4% from 7.65 billion yuan in the same period last year, and an increase of 7% from 7.46 billion yuan in the previous quarter.</p><p>Gong Yu also issued an open letter to investors today, saying that the core value of iQiyi is the production and distribution of entertainment content. Entertainment content is the core rigid demand of human beings. iQiyi has taken a leading position in this field and will continue to expand its leading position in the future. The interest content that Sui Ke focuses on is an emerging market, and iQiyi will develop this business and make it play a supporting role in the company's core entertainment business.</p><p>\"Since content quality is the core and important foothold of our entire content ecosystem, we hope to achieve a high enough probability of explosion by continuously improving content quality. Establishing sufficient and effective internal studios is an important prerequisite for improving our content quality..\"</p><p>Gong Yu said that in 2018, iQiyi put forward the goal of establishing 50 internal studios in two years during the IPO roadshow. At present, iQiyi has exceeded this goal. According to public information, the number of studios has exceeded 60 at present. Most of these internal studios are online drama and variety studios, and a small number are movie and animation studios.</p><p>\"It is an important strategy for our content production to increase film and animation studios in the next two years, because through internal studios, we can gather outstanding production talents in the industry and obtain a large number of top IP and works.\"</p><p>Gong Yu pointed out that he believes that through experience accumulation and continuous efforts, the high-quality content exclusively broadcast by iQiyi will form a continuous and stable line of works.</p><p><b>IQiyi Q1 membership revenue was 4.3 billion, an increase of 12% month-on-month</b></p><p><img src=\"https://static.tigerbbs.com/0c5dae367f8bc4acc4f1e0e0edbfc708\" tg-width=\"892\" tg-height=\"469\" referrerpolicy=\"no-referrer\"></p><p>In the first quarter of 2021, iQiyi's membership service revenue was 4.3 billion yuan (approximately US $658.1 million), a quarter-on-quarter increase of 12%. During this quarter, iQiyi's membership scale achieved a net increase of 3.6 million, mainly due to the strong performance of top content, especially high-quality drama content, and the impact of holidays, which continued to drive up the number of members.</p><p>In the first quarter of 2021, iQiyi's advertising revenue achieved 1.9 billion yuan (about 292.5 million US dollars), a year-on-year increase of 25%. Thanks to the recovery of the macro economy, both brand advertising budgets and the number of brand advertisers have rebounded.</p><p>In addition to membership and advertising revenue, iQiyi's content distribution achieved revenue of 779.1 million yuan (about 118.9 million US dollars) this quarter, a year-on-year increase of 29%. This is because iQiyi released more content to other platforms this quarter.</p><p>In the first quarter of 2021, iQiyi's other revenue contributed 961.0 million yuan (approximately US $146.7 million) in revenue in the first quarter, an increase of 10% compared with the same period last year.</p><p><b>IQiyi's Q1 cost was 7.1 billion, down 10% from the same period last year</b></p><p>IQiyi's cost in the first quarter of 2021 was 7.1 billion yuan, a decrease of 10% from 7.9 billion yuan in the same period last year. This is mainly attributable to the decrease in content costs and bandwidth costs.</p><p>Among them, content costs in the first quarter were 5.4 billion yuan (approximately US $829.6 million), a decrease of 8% from the same period in 2020. The decline in content costs is mainly due to the decline in the cost of copyrighted content.</p><p><b>IQiyi Q1 gross profit 860 million gross profit margin 11%</b></p><p>IQiyi's gross profit in the first quarter of 2021 was 860 million yuan, with a gross profit margin of 11%, and a gross profit margin of-3% in the same period last year.</p><p><b>IQiyi Q1 expenses were 1.87 billion, a year-on-year decrease of 6%</b></p><p>IQiyi's expenses in the first quarter of 2021 were 1.87 billion yuan, a decrease of 6% from 1.989 billion yuan in the same period last year.</p><p>Among them, iQiyi's sales, general affairs and administrative expenses in the first quarter totaled 1.2 billion (approximately US $183.3 million), down 8% from the same period last year. IQiyi's R&D expenditure in the first quarter was 672.3 million yuan (approximately US $102.6 million).</p><p><b>IQiyi Q1 operating loss of 1 billion, operating profit margin of-13%</b></p><p><img src=\"https://static.tigerbbs.com/fd32579df25a17ea99fc71e68ea987ee\" tg-width=\"931\" tg-height=\"449\" referrerpolicy=\"no-referrer\"></p><p>IQiyi's operating loss in the first quarter of 2021 was 1 billion yuan (approximately US $154.8 million), compared with an operating loss of 2.2 billion yuan in the same period last year; The operating loss rate was 13%, compared with 29% in the same period last year. IQiyi's operating profit margin in the first quarter of 2021 was-13%. Since the third quarter of 2019, iQiyi's operating losses have continued to narrow.</p><p>As of March 31, 2021, the company had cash, cash equivalents, restricted-purpose cash and short-term investments totaling 13.3 billion yuan (approximately US $2 billion).</p><p>IQiyi looks forward to its performance in the second quarter of 2021: total revenue is expected to be between 7.21 billion yuan (about 1.1 billion US dollars) and 7.65 billion yuan (about 1.17 billion US dollars).</p><p>The following is a letter from iQiyi Gong Yu to investors:</p><p>Hello shareholders!</p><p>This is the first time to communicate with you in the form of a shareholder letter. I would like to share with you some of our current thoughts on industry competition and content production planning.</p><p>1. Industry situation and our competition barriers:</p><p>The online video industry has a history of development for more than ten years, and now there are three common views on video types in the industry.</p><p>The first is to divide videos into long videos and short videos, or long videos, medium videos and short videos according to video specifications (video length). The second is to divide videos into PPC (professional produced content), PUGC (professional user generated content), UGC (user generated content). PPC is produced by professionals such as writers, directors, photographers, actors, etc., and their works include movies, series, cartoons, and variety shows. PUGC is produced by KOL and MCN and has less professionalism than PPC, but can earn income through advertising or other monetization methods. UGC is content made by ordinary users, and most of it is not professional content.</p><p>The above two classification methods are relatively common views. At present, there is a third view in the industry, which believes that the content is ultimately for users to watch. Why not classify the purpose of users watching videos, their mentality when watching videos and their thinking about video content? According to this view, videos are classified into: delicious videos, entertainment videos and interest videos.</p><p>Delicious videos are similar to fast food. Users have a relaxed mentality when consuming. They simply kill time and are happy when watching them. They don't expect to benefit for a long time after watching them.</p><p>Entertainment videos are video content such as movies, dramas, animations, and variety shows. Excellent film and television works can open the mind to think, leave a deep impression and trigger continuous and deep thinking after watching them, and even affect one's values and life. Among the entertainment content, the film has been born for more than 120 years, and it is the most historical, artistic and influential work in the world so far. TV content such as drama series and variety shows is also literary and artistic works with a history of nearly a hundred years and public influence. While providing happiness to the audience, they have also changed people's living habits, society and even the world. In history, human beings have always needed to extend romantic, fictional or emotional literary and artistic works on the basis of reality. Entertainment content such as movies, dramas, variety shows and animations is the only image form to meet this rigid demand. We are convinced that on the basis of literature, painting, music and other arts with a longer history, entertainment video contents such as movies, dramas, animations, and variety shows will have a larger market space, especially for China, where the overall economy will develop steadily in the future and the society will be in a long-term consumption upgrading market.</p><p>Interest videos refer to videos that are basically realistic and meet people's various interests, including but not limited to: food, DIY, unpacking, travel, pets and so on. The producers of such videos include MCN and KOL, as well as ordinary users who love to generate electricity and a small number of professionally trained people. Interest content and its audience are more focused and long tail. In terms of popularity, each type of interest content is weaker than movies, dramas, animations and variety shows.</p><p>IQiyi mainly focuses on two video types, one is entertainment video and the other is interest video.</p><p>1) iQiyi APP focuses on entertainment videos. Our vision is to use technological innovation to make the distribution of entertainment content easier and the user experience better. At the same time, we also use technological innovation and the wisdom of outstanding artists to create more and better movies, dramas, animations and variety shows. While providing users with more happiness, it also affects users' lifestyle, so that people can conveniently watch more, better and more thoughtful literary and artistic works.</p><p>At present, the field of entertainment video has formed a very high entry threshold: its scale effect needs to be accumulated for a long time; The whole content industry is still in the very early stage of industrialization, and the understanding of the industry and the cognition of talents are crucial in this stage of talent scarcity. At the same time, as the largest video distribution platform in China, years of user data and technology accumulation have made us have the deepest understanding of users' needs for entertainment videos. Coupled with huge capital demand, in-depth understanding of industry rules, and accumulated relationships with directors, actors, screenwriters, photographers, recordings, art and other artists, iQiyi has established a solid leading position in China's entertainment video field. We are confident to lead the healthy development of the whole industry and provide users with more and better high-quality entertainment content. We are convinced that in the future, more and more Chinese users will pursue entertainment content with higher spiritual value and more artistic quality after fully enjoying the pleasure brought by delicious content. This is a process of upgrading cultural consumption.</p><p>2) The iQiyi Suike APP mainly focuses on interest videos, and the content of Suike will also be distributed on the iQiyi main platform. Interest content is characterized by very scattered topics, and the content and corresponding users are very long tail. User entry barriers are high, but user stickiness is stronger. The overall market of interest videos is not small, but it is not easy for a single media platform to gain a large market share. We believe that in the future, China's interest content media platforms will be decentralized, as will user demand and content supply. At present, this model is still in its infancy in China, and iQiyi has a good opportunity to use existing resources to explore this new market.</p><p>In short, the core value of iQiyi is the production and distribution of entertainment content. Entertainment content is the core rigid demand of human beings. iQiyi has taken a leading position in this field and will continue to expand its leading position in the future. The interest content that Sui Ke focuses on is an emerging market, and iQiyi will develop this business and make it play a supporting role in the company's core entertainment business.</p><p>II. Core issues and our planning countermeasures:</p><p>As we all know, after 10 years of development, the membership business has developed into the company's largest source of income. Although we are currently facing some challenges, which have led to slowdown in the growth of our membership business or fluctuations in the number of retained members, we still firmly believe that our membership business has great market potential. Two supporting data are: 1) As of the end of Q1 2021, the cumulative number of paid accounts on iQiyi has exceeded 490 million; 2) In 21Q1, the average number of members with membership rights on any day in a month was nearly 160 million, which shows that the user base who is willing to pay for high-quality content is extremely large. As for the slowdown in the growth of membership business, the industry generally believes that the squeeze of user time by short videos and other diverse entertainment methods is an important reason. We acknowledge the impact of this aspect, but we have observed that users' minds about watching various videos are gradually clearer.</p><p>At the same time, according to our data and analysis, we believe that the root cause of entertainment videos being squeezed by other forms is still the lack of high-quality content at present. Even now, when entertainment methods are extremely abundant, high-quality entertainment video content is still the core factor that plays a huge role in driving user traffic and duration. A recent case is that we launched the popular solo drama \"The Son-in-Law\" in February this year. During the hit period, the drama was played on more than 180 million devices. As of the end, the number of member accounts following the drama exceeded 64 million. Push the peak number of members this quarter to close to the level during the epidemic at the end of Q1 last year.</p><p>Continuously producing high-quality content is the core of improving the loyalty of users and members. We believe that the current lack of high-quality content is mainly caused by two factors: 1) The copyrighted content obtained from traditional channels is decreasing. On the one hand, copyrighted TV dramas decrease with the shrinking market share of traditional TV industry; On the other hand, affected by the epidemic, the number of cinema movies, especially Hollywood movies released in Chinese cinemas, which play a vital role in the recruitment and retention of members, has decreased sharply.</p><p>According to our analysis, the number of movies with a box office of over 100 million yuan launched in the SVOD mode in 2020 and January-April 2021 has dropped by about half compared with the same period in 2019, and the number of overseas movies, mainly Hollywood movies, has dropped by more than half. 2) At present, the quantity and quality of self-made content can't meet the needs. The breakthrough progress of self-made content requires us to find the best talents and partners in the industry, establish a strong content ecosystem, and make the best works, and the improvement of the ecosystem takes time to polish.</p><p>In view of how to solve the problem of \"lack of high-quality content\", I would like to talk about iQiyi's future plans and plans.</p><p>Since content quality is the core and important foothold of our entire content ecosystem, we hope to achieve a high enough probability of explosion by continuously improving content quality. Establishing sufficient and effective internal studios is an important prerequisite for improving our content quality. In 2018, we put forward the goal of establishing 50 internal studios in two years during the IPO roadshow. At present, we have exceeded this goal. Most of these internal studios are online drama and variety studios, and a small number are movie and animation studios. In the next two years, it is an important strategy for our content production to increase a large number of film and animation studios, because through internal studios, we can gather outstanding production talents in the industry and obtain a large number of top IP and works.</p><p>With the increasing number of internal studios, we will continue to adhere to the development of multi-content categories and deepen the vertical track. Since the success of our launch of Mist Theater last year, the format of short episodes and the quality of our content have been widely recognized by users and the market. It is believed that through experience accumulation and continuous efforts, the high-quality content exclusively broadcast by iQiyi will form a continuous and stable line of works.</p><p>The content production industry also faces various problems, such as long and uncontrollable content production cycle, low success rate of works, heavy simple and repetitive workload, lack of objective evaluation standards and high financial risks. In view of these difficulties and challenges, we believe that the way to break the situation lies in the industrialization of film and television.</p><p>Film and television industrialization includes the reconstruction of industry rules and intelligent production. Among them, intelligent production is the key point. This is because although China's film and television industry has been practicing industrialization for 20 or 30 years, it has not achieved qualitative changes. One of the important reasons is the lack of support from scientific and technological means. And intelligent production is the key factor to solve the problem. Thanks to the development and support of 5G, AI, blockchain, DRM, VR/AR, virtual shooting and other technologies, our intelligent production system is gradually improving.</p><p>The intelligent production we are planning and implementing includes: 1) a production business intelligence system for post-broadcast business indicator analysis and broadcast business indicator forecasting at various production stages before broadcast; 2) Intelligent integrated production system, with artificial intelligence as the core to integrate people, equipment and materials in the film and television production process and standardize management; 3) Intelligent production tool set, which uses artificial intelligence technology, computer graphics and other technologies to realize the production tool set in many aspects of film and television production from the early stage to the later stage, improving work efficiency and user experience. Through these systems and tools, we are enhancing the controllability of production schedule, content quality and financial risks, thus further reducing costs and improving efficiency. We believe that by using iQiyi's industry leadership position to change the unreasonable rules in the industry, and using intelligent production to help optimize such industry rules and improve production efficiency, the future content production will be more stable, sustained, efficient and explosive content frequently.</p><p>Throughout the more than ten years of continuous development of iQiyi, in terms of commercial operation, we are gradually establishing a win-win ecosystem and a business model of \"one fish eats more\"; In terms of content, we have been recognized by artists from all walks of life and users; In the field of technology, we continue to pioneer and innovate to improve users' audio-visual experience and efficiency. We believe that the valuable knowledge wealth accumulated by the company in the fierce competition in the video industry for many years will further strengthen our market leadership position. We always firmly believe that long video film and television entertainment is irreplaceable as an important form of entertainment. We hope to empower content production through continuous technological innovation, increase the probability of content hits, thereby giving birth to greater commercial value, expand a greater dream-making stage and imagination space for the next generation of entertainment, and look forward to bringing more to shareholders. More surprises.</p><p>Company Note: We will not read this letter on our conference call later today to allow more time to engage with investors during the Q&A session.</p><p>Appendix: Our Q1 Performance and Outlook</p><p>This quarter, thanks to the high-quality content launched, our overall revenue in the first quarter of the year exceeded the company's previous guidance, and both achieved year-on-year growth. At the same time, in recent quarters, with relatively stable revenue, our content costs have been effectively controlled, and our losses have continued to narrow. We have also continued our industry leadership position, ranking first in the industry in terms of daily active, monthly active and monthly usage hours according to QuestMobile data.</p><p>Membership:</p><p>The first is the membership business. As of March 31, the company's total number of subscribed members reached 105.3 million, with a net quarterly increase of approximately 3.6 million. Membership revenue increased 12% quarter-on-quarter to 4.31 billion yuan.</p><p>The growth in the number of members is mainly due to: 1) The strong performance of head content, especially high-quality drama content, continues to drive the increase in the number of members. For example, the top drama series \"The Son-in-Law\" has become a hit during the Spring Festival, achieving extremely high monetization efficiency with a relatively short number of episodes, and its average daily consumption history is top1, surpassing \"Story of Yanxi Palace\". At the same time, this quarter, many cinema movies such as \"The King of Bathing\", \"Violence Removal\" and \"Bomb Disposal Expert 2\" were launched, and online movies such as \"Fortune Diary\" and \"The Legend of Shaolin Temple\" also performed well. 2) During the Spring Festival, users spend more time consuming long videos, and the overall market traffic of the platform rose, and both mobile MAU and DAU rose month-on-month. 3) The company has launched a variety of innovative marketing initiatives for the holiday season, including \"incentive task system\" and optimization of member products and services, which have significantly improved user participation rate and member loyalty.</p><p>In addition to the increase in the number of members, the quarter-on-quarter growth in membership revenue this quarter also benefited from: 1) The increase in users' willingness to pay, mainly due to our high-quality content and the company's continuous exploration of business model innovation: including advanced on-demand and PVOD model. For example, the solo drama \"Son-in-law\" breaks the stereotype of costume dramas with its light comedy texture, attracting a large number of members to purchase advanced on-demand unlocking plots. The movie \"Fortune Diary\" has created a new high in the number of movie viewers and on-demand revenue under PVOD mode. 2) Membership price adjustments drove Q1 ARPU values to increase year-on-year and quarter-on-quarter.</p><p>At the same time, the company further expands the total addressable market through two aspects. A) In late February, the company launched a new Express Edition VIP membership package, which is aimed at low-line users and uses more targeted content and membership rights to promote the paid conversion of low-line vertical users. b) The company's overseas exploration also continues to advance steadily. In 2021Q1, the overall MAU increased by 77% compared with the previous quarter, and the number of new downloads ranked among the TOP5 in many countries and regions in Southeast Asia, especially in Thailand, Malaysia and other countries and regions. The international version of content is frequently exploded, which promotes the continuous improvement of brand awareness of iQiyi's international version.</p><p>Although we still expect the number of subscription members to fluctuate in the short term, thanks to the company's continuous cultivation of high-quality content and the continuous improvement of the company's original content ecology and self-made capabilities, we still have confidence in the medium and long-term development of the membership business. We are delighted to see that the content production level of domestic video websites is gradually moving closer to that of international counterparts. It has become the norm for users to pay for high-quality content. We have also noticed that some peers have followed us in adjusting membership prices, which also shows the long-term profitability of the industry.</p><p>advertising</p><p>The overall advertising market in China continued to recover this quarter. Our advertising services revenue grew 25% year-over-year. Under the premise that Q1 is the traditional off-season for advertising, it has achieved stable year-on-year and quarter-on-quarter growth. Similar to the Q4 trend in 2020, the growth is mainly due to the year-on-year increase in content marketing revenue driven by high-quality variety shows and big dramas in Q1 this year. The contribution of content marketing revenue accounted for about 64% of brand advertising revenue, the highest point in recent quarters, once again verifying advertisers' recognition of high-quality content on our platform.</p><p>In terms of brand advertising, in the context of macroeconomic recovery, thanks to the recovery of advertisers' budgets and the increase in the number of advertisers, brand advertising revenue continued to stabilize. The high-quality content in Q1 drove some top advertisers to increase their investment, and the ARPU of top customers increased. From an industry perspective, the two industries of food and beverage and cosmetics and bathroom supported the growth of Q1. In terms of performance advertising, the quarter-on-quarter increase in consumption this quarter was due to the traffic driven by holidays and the contribution of key industries such as online service apps, e-commerce, online film and television, and games.</p><p>Contents:</p><p>In terms of content, the number of head content and total broadcast volume of iQiyi dramas, variety shows, animations, children and other channels continued to lead the entire network in Q1. Third-party data shows that in Q1, the effective broadcast market share of iQiyi's dramas and variety shows is close to 40%, and the effective broadcast market share of animation (including children's animation) and movies exceeds 40% and 50% respectively. Both rank first in the market.</p><p>IQiyi continues to launch high-quality exclusive content to meet user needs, and continues to promote the serial development and stylized innovation of IP.</p><p>1) In terms of drama, iQiyi's exclusive costume drama \"The Son-in-Law\" this quarter has become a hit. It has made useful innovations in theme and content style, providing new ideas for the creation of future costume dramas. In addition, we have also launched a number of original dramas such as golden years, My Time, Your Time and Warm Holidays in terms of realistic themes.</p><p>2) In terms of variety shows, iQiyi continues to innovate original content in different variety tracks. Original works such as the new variety IP \"New Life in Drama\", \"Qipa Shuo 7\", \"Trend Partner 2\" and \"Sisters' Tea Party\" were broadcasted during the quarter.</p><p>3) In terms of original movies, the original movie \"Sweeping the Crime · Decisive Battle\" produced by iQiyi has been released in theaters, with a box office of more than 300 million yuan and high ratings from various platforms. Two movies produced by iQiyi started shooting in 2021Q1. Three films are in post-production and will be released this year. There are also 18 iQIYI Original Films under development.</p><p>In 2021Q2, our key dramas include \"Little Shede\", \"Li Ge Xing\", \"North Rut and South River\", \"Rebel\", \"Lion Reflection of Lai Cat\", etc. Among them, \"Little Shede\" and \"Li Ge Xing\" were broadcast in April and were loved by users. Our theater operation will also continue to advance. Love Theater is scheduled to start broadcasting on May 20th, and we will continue to launch new content of Mist Theater at the end of this year. In terms of animation and animation, there will be online contents such as \"Have to Betray the Earth\", \"Guardian of Ice and Snow\", and light animation \"Immortal Lord's Daddy Becomes a Son-in-Law 3\".</p><p>We expect that the content scheduling in the next few months will face some uncertainties. For this reason, we have laid out various content in advance, especially self-made dramas, to reduce the related impact.</p><p>Technologies:</p><p>We continue to empower the entertainment industry with technology and build an industrialized system for film and television production. Advances in technology applications worth highlighting this quarter include:</p><p>1. In terms of intelligent production: iQiyi's \"City of Virtual Reality\" XR cloud performance: The whole concert adopts the world's leading XR virtual production technology, surpassing similar foreign performances in terms of the diversity of virtual scenes and the number of online interactive users, expanding the new ceiling of live interactive experience programs and virtual performances for everyone.</p><p>2. In terms of products and functions, the iQiyi Express Edition for users in low-tier cities was officially released in January this year. It currently performs well in terms of user interaction, with indicators such as per capita duration and per capita playback VV exceeding the iQiyi main website App.</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>IQiyi's early gain expanded to 11%, and the company's first-quarter revenue was 8 billion yuan</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\">\nIQiyi's early gain expanded to 11%, and the company's first-quarter revenue was 8 billion yuan\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\">2021-05-18 21:48</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>May 18th,<a href=\"https://laohu8.com/S/IQ\">IQiyi</a>The increase expanded to 11% at the beginning of the session. The company's revenue in the first quarter was 8 billion yuan, and the number of subscriptions increased by 3.6 million.</p><p><img src=\"https://static.tigerbbs.com/aba07754c496fb73dfdd6ab5e1d1c8eb\" tg-width=\"1302\" tg-height=\"833\" referrerpolicy=\"no-referrer\"></p><p><b>Illustration of iQiyi's quarterly report: revenue of 8 billion, membership size increased by 3.6 million quarterly</b></p><p>IQiyi announced its financial report today. The financial report shows that iQiyi's revenue in the first quarter of 2021 will be 8 billion yuan (about 1.2 billion US dollars), achieving unexpected growth.</p><p>As of the end of the first quarter, the number of iQiyi subscription members reached 105.3 million. Affected by the positive financial report, iQiyi's current stock price has risen by more than 4% before the market.</p><p>\"We started off with a comprehensive and solid quarter performance.\" Dr. Gong Yu, founder, director and CEO of iQiyi, said: \"In the first quarter, our subscription members increased by 3.6 million, and our membership service revenue increased by 12% quarter-on-quarter, reaching the peak in the past year in absolute terms. The significant growth is largely due to the launch of rich dramas, variety shows and movies during the quarter.\"</p><p>\"In particular, the drama series\" Son-in-law \"has become another benchmark in terms of ratings and monetization efficiency, which also confirms our exclusive content strategy. On April 22nd, we celebrated the 11th anniversary of the company's establishment. Years of fierce competition have made us more confident to further strengthen our leadership position. We firmly believe that long video as a form of entertainment is irreplaceable, and we are fully prepared to meet future opportunities and challenges.\"</p><p>\"Total revenue in the first quarter exceeded our previous expectations, achieving healthy quarter-on-quarter and year-on-year growth.\" iQiyi Chief Financial Officer Wang Xiaodong said: \"During the quarter, we launched a number of popular content pieces, and at the same time, improved investment efficiency boosted the year-on-year decline in content costs for the third consecutive quarter. We will continue to implement the goal of improving return on investment and drive the development of different businesses including content, technology and marketing. This escorts iQiyi's sustainable long-term development.</p><p><b>IQiyi's Q1 revenue was 8 billion, a year-on-year increase of 4%</b></p><p><img src=\"https://static.tigerbbs.com/5cda524aafd93a3ba0a185b6f29bbf9f\" tg-width=\"882\" tg-height=\"443\" referrerpolicy=\"no-referrer\"></p><p>IQiyi's revenue in the first quarter of 2021 was approximately 8 billion yuan, an increase of 4% from 7.65 billion yuan in the same period last year, and an increase of 7% from 7.46 billion yuan in the previous quarter.</p><p>Gong Yu also issued an open letter to investors today, saying that the core value of iQiyi is the production and distribution of entertainment content. Entertainment content is the core rigid demand of human beings. iQiyi has taken a leading position in this field and will continue to expand its leading position in the future. The interest content that Sui Ke focuses on is an emerging market, and iQiyi will develop this business and make it play a supporting role in the company's core entertainment business.</p><p>\"Since content quality is the core and important foothold of our entire content ecosystem, we hope to achieve a high enough probability of explosion by continuously improving content quality. Establishing sufficient and effective internal studios is an important prerequisite for improving our content quality..\"</p><p>Gong Yu said that in 2018, iQiyi put forward the goal of establishing 50 internal studios in two years during the IPO roadshow. At present, iQiyi has exceeded this goal. According to public information, the number of studios has exceeded 60 at present. Most of these internal studios are online drama and variety studios, and a small number are movie and animation studios.</p><p>\"It is an important strategy for our content production to increase film and animation studios in the next two years, because through internal studios, we can gather outstanding production talents in the industry and obtain a large number of top IP and works.\"</p><p>Gong Yu pointed out that he believes that through experience accumulation and continuous efforts, the high-quality content exclusively broadcast by iQiyi will form a continuous and stable line of works.</p><p><b>IQiyi Q1 membership revenue was 4.3 billion, an increase of 12% month-on-month</b></p><p><img src=\"https://static.tigerbbs.com/0c5dae367f8bc4acc4f1e0e0edbfc708\" tg-width=\"892\" tg-height=\"469\" referrerpolicy=\"no-referrer\"></p><p>In the first quarter of 2021, iQiyi's membership service revenue was 4.3 billion yuan (approximately US $658.1 million), a quarter-on-quarter increase of 12%. During this quarter, iQiyi's membership scale achieved a net increase of 3.6 million, mainly due to the strong performance of top content, especially high-quality drama content, and the impact of holidays, which continued to drive up the number of members.</p><p>In the first quarter of 2021, iQiyi's advertising revenue achieved 1.9 billion yuan (about 292.5 million US dollars), a year-on-year increase of 25%. Thanks to the recovery of the macro economy, both brand advertising budgets and the number of brand advertisers have rebounded.</p><p>In addition to membership and advertising revenue, iQiyi's content distribution achieved revenue of 779.1 million yuan (about 118.9 million US dollars) this quarter, a year-on-year increase of 29%. This is because iQiyi released more content to other platforms this quarter.</p><p>In the first quarter of 2021, iQiyi's other revenue contributed 961.0 million yuan (approximately US $146.7 million) in revenue in the first quarter, an increase of 10% compared with the same period last year.</p><p><b>IQiyi's Q1 cost was 7.1 billion, down 10% from the same period last year</b></p><p>IQiyi's cost in the first quarter of 2021 was 7.1 billion yuan, a decrease of 10% from 7.9 billion yuan in the same period last year. This is mainly attributable to the decrease in content costs and bandwidth costs.</p><p>Among them, content costs in the first quarter were 5.4 billion yuan (approximately US $829.6 million), a decrease of 8% from the same period in 2020. The decline in content costs is mainly due to the decline in the cost of copyrighted content.</p><p><b>IQiyi Q1 gross profit 860 million gross profit margin 11%</b></p><p>IQiyi's gross profit in the first quarter of 2021 was 860 million yuan, with a gross profit margin of 11%, and a gross profit margin of-3% in the same period last year.</p><p><b>IQiyi Q1 expenses were 1.87 billion, a year-on-year decrease of 6%</b></p><p>IQiyi's expenses in the first quarter of 2021 were 1.87 billion yuan, a decrease of 6% from 1.989 billion yuan in the same period last year.</p><p>Among them, iQiyi's sales, general affairs and administrative expenses in the first quarter totaled 1.2 billion (approximately US $183.3 million), down 8% from the same period last year. IQiyi's R&D expenditure in the first quarter was 672.3 million yuan (approximately US $102.6 million).</p><p><b>IQiyi Q1 operating loss of 1 billion, operating profit margin of-13%</b></p><p><img src=\"https://static.tigerbbs.com/fd32579df25a17ea99fc71e68ea987ee\" tg-width=\"931\" tg-height=\"449\" referrerpolicy=\"no-referrer\"></p><p>IQiyi's operating loss in the first quarter of 2021 was 1 billion yuan (approximately US $154.8 million), compared with an operating loss of 2.2 billion yuan in the same period last year; The operating loss rate was 13%, compared with 29% in the same period last year. IQiyi's operating profit margin in the first quarter of 2021 was-13%. Since the third quarter of 2019, iQiyi's operating losses have continued to narrow.</p><p>As of March 31, 2021, the company had cash, cash equivalents, restricted-purpose cash and short-term investments totaling 13.3 billion yuan (approximately US $2 billion).</p><p>IQiyi looks forward to its performance in the second quarter of 2021: total revenue is expected to be between 7.21 billion yuan (about 1.1 billion US dollars) and 7.65 billion yuan (about 1.17 billion US dollars).</p><p>The following is a letter from iQiyi Gong Yu to investors:</p><p>Hello shareholders!</p><p>This is the first time to communicate with you in the form of a shareholder letter. I would like to share with you some of our current thoughts on industry competition and content production planning.</p><p>1. Industry situation and our competition barriers:</p><p>The online video industry has a history of development for more than ten years, and now there are three common views on video types in the industry.</p><p>The first is to divide videos into long videos and short videos, or long videos, medium videos and short videos according to video specifications (video length). The second is to divide videos into PPC (professional produced content), PUGC (professional user generated content), UGC (user generated content). PPC is produced by professionals such as writers, directors, photographers, actors, etc., and their works include movies, series, cartoons, and variety shows. PUGC is produced by KOL and MCN and has less professionalism than PPC, but can earn income through advertising or other monetization methods. UGC is content made by ordinary users, and most of it is not professional content.</p><p>The above two classification methods are relatively common views. At present, there is a third view in the industry, which believes that the content is ultimately for users to watch. Why not classify the purpose of users watching videos, their mentality when watching videos and their thinking about video content? According to this view, videos are classified into: delicious videos, entertainment videos and interest videos.</p><p>Delicious videos are similar to fast food. Users have a relaxed mentality when consuming. They simply kill time and are happy when watching them. They don't expect to benefit for a long time after watching them.</p><p>Entertainment videos are video content such as movies, dramas, animations, and variety shows. Excellent film and television works can open the mind to think, leave a deep impression and trigger continuous and deep thinking after watching them, and even affect one's values and life. Among the entertainment content, the film has been born for more than 120 years, and it is the most historical, artistic and influential work in the world so far. TV content such as drama series and variety shows is also literary and artistic works with a history of nearly a hundred years and public influence. While providing happiness to the audience, they have also changed people's living habits, society and even the world. In history, human beings have always needed to extend romantic, fictional or emotional literary and artistic works on the basis of reality. Entertainment content such as movies, dramas, variety shows and animations is the only image form to meet this rigid demand. We are convinced that on the basis of literature, painting, music and other arts with a longer history, entertainment video contents such as movies, dramas, animations, and variety shows will have a larger market space, especially for China, where the overall economy will develop steadily in the future and the society will be in a long-term consumption upgrading market.</p><p>Interest videos refer to videos that are basically realistic and meet people's various interests, including but not limited to: food, DIY, unpacking, travel, pets and so on. The producers of such videos include MCN and KOL, as well as ordinary users who love to generate electricity and a small number of professionally trained people. Interest content and its audience are more focused and long tail. In terms of popularity, each type of interest content is weaker than movies, dramas, animations and variety shows.</p><p>IQiyi mainly focuses on two video types, one is entertainment video and the other is interest video.</p><p>1) iQiyi APP focuses on entertainment videos. Our vision is to use technological innovation to make the distribution of entertainment content easier and the user experience better. At the same time, we also use technological innovation and the wisdom of outstanding artists to create more and better movies, dramas, animations and variety shows. While providing users with more happiness, it also affects users' lifestyle, so that people can conveniently watch more, better and more thoughtful literary and artistic works.</p><p>At present, the field of entertainment video has formed a very high entry threshold: its scale effect needs to be accumulated for a long time; The whole content industry is still in the very early stage of industrialization, and the understanding of the industry and the cognition of talents are crucial in this stage of talent scarcity. At the same time, as the largest video distribution platform in China, years of user data and technology accumulation have made us have the deepest understanding of users' needs for entertainment videos. Coupled with huge capital demand, in-depth understanding of industry rules, and accumulated relationships with directors, actors, screenwriters, photographers, recordings, art and other artists, iQiyi has established a solid leading position in China's entertainment video field. We are confident to lead the healthy development of the whole industry and provide users with more and better high-quality entertainment content. We are convinced that in the future, more and more Chinese users will pursue entertainment content with higher spiritual value and more artistic quality after fully enjoying the pleasure brought by delicious content. This is a process of upgrading cultural consumption.</p><p>2) The iQiyi Suike APP mainly focuses on interest videos, and the content of Suike will also be distributed on the iQiyi main platform. Interest content is characterized by very scattered topics, and the content and corresponding users are very long tail. User entry barriers are high, but user stickiness is stronger. The overall market of interest videos is not small, but it is not easy for a single media platform to gain a large market share. We believe that in the future, China's interest content media platforms will be decentralized, as will user demand and content supply. At present, this model is still in its infancy in China, and iQiyi has a good opportunity to use existing resources to explore this new market.</p><p>In short, the core value of iQiyi is the production and distribution of entertainment content. Entertainment content is the core rigid demand of human beings. iQiyi has taken a leading position in this field and will continue to expand its leading position in the future. The interest content that Sui Ke focuses on is an emerging market, and iQiyi will develop this business and make it play a supporting role in the company's core entertainment business.</p><p>II. Core issues and our planning countermeasures:</p><p>As we all know, after 10 years of development, the membership business has developed into the company's largest source of income. Although we are currently facing some challenges, which have led to slowdown in the growth of our membership business or fluctuations in the number of retained members, we still firmly believe that our membership business has great market potential. Two supporting data are: 1) As of the end of Q1 2021, the cumulative number of paid accounts on iQiyi has exceeded 490 million; 2) In 21Q1, the average number of members with membership rights on any day in a month was nearly 160 million, which shows that the user base who is willing to pay for high-quality content is extremely large. As for the slowdown in the growth of membership business, the industry generally believes that the squeeze of user time by short videos and other diverse entertainment methods is an important reason. We acknowledge the impact of this aspect, but we have observed that users' minds about watching various videos are gradually clearer.</p><p>At the same time, according to our data and analysis, we believe that the root cause of entertainment videos being squeezed by other forms is still the lack of high-quality content at present. Even now, when entertainment methods are extremely abundant, high-quality entertainment video content is still the core factor that plays a huge role in driving user traffic and duration. A recent case is that we launched the popular solo drama \"The Son-in-Law\" in February this year. During the hit period, the drama was played on more than 180 million devices. As of the end, the number of member accounts following the drama exceeded 64 million. Push the peak number of members this quarter to close to the level during the epidemic at the end of Q1 last year.</p><p>Continuously producing high-quality content is the core of improving the loyalty of users and members. We believe that the current lack of high-quality content is mainly caused by two factors: 1) The copyrighted content obtained from traditional channels is decreasing. On the one hand, copyrighted TV dramas decrease with the shrinking market share of traditional TV industry; On the other hand, affected by the epidemic, the number of cinema movies, especially Hollywood movies released in Chinese cinemas, which play a vital role in the recruitment and retention of members, has decreased sharply.</p><p>According to our analysis, the number of movies with a box office of over 100 million yuan launched in the SVOD mode in 2020 and January-April 2021 has dropped by about half compared with the same period in 2019, and the number of overseas movies, mainly Hollywood movies, has dropped by more than half. 2) At present, the quantity and quality of self-made content can't meet the needs. The breakthrough progress of self-made content requires us to find the best talents and partners in the industry, establish a strong content ecosystem, and make the best works, and the improvement of the ecosystem takes time to polish.</p><p>In view of how to solve the problem of \"lack of high-quality content\", I would like to talk about iQiyi's future plans and plans.</p><p>Since content quality is the core and important foothold of our entire content ecosystem, we hope to achieve a high enough probability of explosion by continuously improving content quality. Establishing sufficient and effective internal studios is an important prerequisite for improving our content quality. In 2018, we put forward the goal of establishing 50 internal studios in two years during the IPO roadshow. At present, we have exceeded this goal. Most of these internal studios are online drama and variety studios, and a small number are movie and animation studios. In the next two years, it is an important strategy for our content production to increase a large number of film and animation studios, because through internal studios, we can gather outstanding production talents in the industry and obtain a large number of top IP and works.</p><p>With the increasing number of internal studios, we will continue to adhere to the development of multi-content categories and deepen the vertical track. Since the success of our launch of Mist Theater last year, the format of short episodes and the quality of our content have been widely recognized by users and the market. It is believed that through experience accumulation and continuous efforts, the high-quality content exclusively broadcast by iQiyi will form a continuous and stable line of works.</p><p>The content production industry also faces various problems, such as long and uncontrollable content production cycle, low success rate of works, heavy simple and repetitive workload, lack of objective evaluation standards and high financial risks. In view of these difficulties and challenges, we believe that the way to break the situation lies in the industrialization of film and television.</p><p>Film and television industrialization includes the reconstruction of industry rules and intelligent production. Among them, intelligent production is the key point. This is because although China's film and television industry has been practicing industrialization for 20 or 30 years, it has not achieved qualitative changes. One of the important reasons is the lack of support from scientific and technological means. And intelligent production is the key factor to solve the problem. Thanks to the development and support of 5G, AI, blockchain, DRM, VR/AR, virtual shooting and other technologies, our intelligent production system is gradually improving.</p><p>The intelligent production we are planning and implementing includes: 1) a production business intelligence system for post-broadcast business indicator analysis and broadcast business indicator forecasting at various production stages before broadcast; 2) Intelligent integrated production system, with artificial intelligence as the core to integrate people, equipment and materials in the film and television production process and standardize management; 3) Intelligent production tool set, which uses artificial intelligence technology, computer graphics and other technologies to realize the production tool set in many aspects of film and television production from the early stage to the later stage, improving work efficiency and user experience. Through these systems and tools, we are enhancing the controllability of production schedule, content quality and financial risks, thus further reducing costs and improving efficiency. We believe that by using iQiyi's industry leadership position to change the unreasonable rules in the industry, and using intelligent production to help optimize such industry rules and improve production efficiency, the future content production will be more stable, sustained, efficient and explosive content frequently.</p><p>Throughout the more than ten years of continuous development of iQiyi, in terms of commercial operation, we are gradually establishing a win-win ecosystem and a business model of \"one fish eats more\"; In terms of content, we have been recognized by artists from all walks of life and users; In the field of technology, we continue to pioneer and innovate to improve users' audio-visual experience and efficiency. We believe that the valuable knowledge wealth accumulated by the company in the fierce competition in the video industry for many years will further strengthen our market leadership position. We always firmly believe that long video film and television entertainment is irreplaceable as an important form of entertainment. We hope to empower content production through continuous technological innovation, increase the probability of content hits, thereby giving birth to greater commercial value, expand a greater dream-making stage and imagination space for the next generation of entertainment, and look forward to bringing more to shareholders. More surprises.</p><p>Company Note: We will not read this letter on our conference call later today to allow more time to engage with investors during the Q&A session.</p><p>Appendix: Our Q1 Performance and Outlook</p><p>This quarter, thanks to the high-quality content launched, our overall revenue in the first quarter of the year exceeded the company's previous guidance, and both achieved year-on-year growth. At the same time, in recent quarters, with relatively stable revenue, our content costs have been effectively controlled, and our losses have continued to narrow. We have also continued our industry leadership position, ranking first in the industry in terms of daily active, monthly active and monthly usage hours according to QuestMobile data.</p><p>Membership:</p><p>The first is the membership business. As of March 31, the company's total number of subscribed members reached 105.3 million, with a net quarterly increase of approximately 3.6 million. Membership revenue increased 12% quarter-on-quarter to 4.31 billion yuan.</p><p>The growth in the number of members is mainly due to: 1) The strong performance of head content, especially high-quality drama content, continues to drive the increase in the number of members. For example, the top drama series \"The Son-in-Law\" has become a hit during the Spring Festival, achieving extremely high monetization efficiency with a relatively short number of episodes, and its average daily consumption history is top1, surpassing \"Story of Yanxi Palace\". At the same time, this quarter, many cinema movies such as \"The King of Bathing\", \"Violence Removal\" and \"Bomb Disposal Expert 2\" were launched, and online movies such as \"Fortune Diary\" and \"The Legend of Shaolin Temple\" also performed well. 2) During the Spring Festival, users spend more time consuming long videos, and the overall market traffic of the platform rose, and both mobile MAU and DAU rose month-on-month. 3) The company has launched a variety of innovative marketing initiatives for the holiday season, including \"incentive task system\" and optimization of member products and services, which have significantly improved user participation rate and member loyalty.</p><p>In addition to the increase in the number of members, the quarter-on-quarter growth in membership revenue this quarter also benefited from: 1) The increase in users' willingness to pay, mainly due to our high-quality content and the company's continuous exploration of business model innovation: including advanced on-demand and PVOD model. For example, the solo drama \"Son-in-law\" breaks the stereotype of costume dramas with its light comedy texture, attracting a large number of members to purchase advanced on-demand unlocking plots. The movie \"Fortune Diary\" has created a new high in the number of movie viewers and on-demand revenue under PVOD mode. 2) Membership price adjustments drove Q1 ARPU values to increase year-on-year and quarter-on-quarter.</p><p>At the same time, the company further expands the total addressable market through two aspects. A) In late February, the company launched a new Express Edition VIP membership package, which is aimed at low-line users and uses more targeted content and membership rights to promote the paid conversion of low-line vertical users. b) The company's overseas exploration also continues to advance steadily. In 2021Q1, the overall MAU increased by 77% compared with the previous quarter, and the number of new downloads ranked among the TOP5 in many countries and regions in Southeast Asia, especially in Thailand, Malaysia and other countries and regions. The international version of content is frequently exploded, which promotes the continuous improvement of brand awareness of iQiyi's international version.</p><p>Although we still expect the number of subscription members to fluctuate in the short term, thanks to the company's continuous cultivation of high-quality content and the continuous improvement of the company's original content ecology and self-made capabilities, we still have confidence in the medium and long-term development of the membership business. We are delighted to see that the content production level of domestic video websites is gradually moving closer to that of international counterparts. It has become the norm for users to pay for high-quality content. We have also noticed that some peers have followed us in adjusting membership prices, which also shows the long-term profitability of the industry.</p><p>advertising</p><p>The overall advertising market in China continued to recover this quarter. Our advertising services revenue grew 25% year-over-year. Under the premise that Q1 is the traditional off-season for advertising, it has achieved stable year-on-year and quarter-on-quarter growth. Similar to the Q4 trend in 2020, the growth is mainly due to the year-on-year increase in content marketing revenue driven by high-quality variety shows and big dramas in Q1 this year. The contribution of content marketing revenue accounted for about 64% of brand advertising revenue, the highest point in recent quarters, once again verifying advertisers' recognition of high-quality content on our platform.</p><p>In terms of brand advertising, in the context of macroeconomic recovery, thanks to the recovery of advertisers' budgets and the increase in the number of advertisers, brand advertising revenue continued to stabilize. The high-quality content in Q1 drove some top advertisers to increase their investment, and the ARPU of top customers increased. From an industry perspective, the two industries of food and beverage and cosmetics and bathroom supported the growth of Q1. In terms of performance advertising, the quarter-on-quarter increase in consumption this quarter was due to the traffic driven by holidays and the contribution of key industries such as online service apps, e-commerce, online film and television, and games.</p><p>Contents:</p><p>In terms of content, the number of head content and total broadcast volume of iQiyi dramas, variety shows, animations, children and other channels continued to lead the entire network in Q1. Third-party data shows that in Q1, the effective broadcast market share of iQiyi's dramas and variety shows is close to 40%, and the effective broadcast market share of animation (including children's animation) and movies exceeds 40% and 50% respectively. Both rank first in the market.</p><p>IQiyi continues to launch high-quality exclusive content to meet user needs, and continues to promote the serial development and stylized innovation of IP.</p><p>1) In terms of drama, iQiyi's exclusive costume drama \"The Son-in-Law\" this quarter has become a hit. It has made useful innovations in theme and content style, providing new ideas for the creation of future costume dramas. In addition, we have also launched a number of original dramas such as golden years, My Time, Your Time and Warm Holidays in terms of realistic themes.</p><p>2) In terms of variety shows, iQiyi continues to innovate original content in different variety tracks. Original works such as the new variety IP \"New Life in Drama\", \"Qipa Shuo 7\", \"Trend Partner 2\" and \"Sisters' Tea Party\" were broadcasted during the quarter.</p><p>3) In terms of original movies, the original movie \"Sweeping the Crime · Decisive Battle\" produced by iQiyi has been released in theaters, with a box office of more than 300 million yuan and high ratings from various platforms. Two movies produced by iQiyi started shooting in 2021Q1. Three films are in post-production and will be released this year. There are also 18 iQIYI Original Films under development.</p><p>In 2021Q2, our key dramas include \"Little Shede\", \"Li Ge Xing\", \"North Rut and South River\", \"Rebel\", \"Lion Reflection of Lai Cat\", etc. Among them, \"Little Shede\" and \"Li Ge Xing\" were broadcast in April and were loved by users. Our theater operation will also continue to advance. Love Theater is scheduled to start broadcasting on May 20th, and we will continue to launch new content of Mist Theater at the end of this year. In terms of animation and animation, there will be online contents such as \"Have to Betray the Earth\", \"Guardian of Ice and Snow\", and light animation \"Immortal Lord's Daddy Becomes a Son-in-Law 3\".</p><p>We expect that the content scheduling in the next few months will face some uncertainties. For this reason, we have laid out various content in advance, especially self-made dramas, to reduce the related impact.</p><p>Technologies:</p><p>We continue to empower the entertainment industry with technology and build an industrialized system for film and television production. Advances in technology applications worth highlighting this quarter include:</p><p>1. In terms of intelligent production: iQiyi's \"City of Virtual Reality\" XR cloud performance: The whole concert adopts the world's leading XR virtual production technology, surpassing similar foreign performances in terms of the diversity of virtual scenes and the number of online interactive users, expanding the new ceiling of live interactive experience programs and virtual performances for everyone.</p><p>2. In terms of products and functions, the iQiyi Express Edition for users in low-tier cities was officially released in January this year. It currently performs well in terms of user interaction, with indicators such as per capita duration and per capita playback VV exceeding the iQiyi main website App.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/1381fbe767d2d5a2d71590c11e4464d5","relate_stocks":{"IQ":"爱奇艺"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1183341282","content_text":"5月18日，爱奇艺盘初涨幅扩大至11%，公司第一季度营收80亿元，订阅数净增360万。爱奇艺季报图解：营收80亿 会员规模季度增长360万爱奇艺今日公布财报，财报显示，爱奇艺2021年第一季度营收为80亿元(约12亿美元)，实现超预期增长。截至一季度末，爱奇艺订阅会员规模达到1.053亿。受财报利好的影响，爱奇艺目前股价盘前上涨超过4%。“我们以全面、稳健的季度表现开局。”爱奇艺创始人，董事兼首席执行官龚宇博士表示：“第一季度我们的订阅会员增长了360万，会员服务收入环比增长12％，以绝对金额来看达到过去一年以来的峰值。显著的增长在很大程度上要归功于我们本季度内推出了类型丰富的剧集、综艺以及电影等内容。”“特别是剧集《赘婿》，在收视率和货币化效率方面都成为另一个标杆，这也印证了我们的独家内容策略。4月22日，我们庆祝公司成立11周年。多年来的激烈竞争让我们更有信心进一步加强领导地位。我们坚信，长视频作为一种娱乐形态是不可取代的，我们也已经做好充分准备应对未来的机遇和挑战。”“第一季度的总营收超出我们此前预期，环比和同比均实现了健康增长。”爱奇艺首席财务官王晓东表示：“在本季度，我们推出了多个广受欢迎的内容，同时投资效率提升助推内容成本连续三季度实现同比下降。我们将一如既往的贯彻以提升投资回报率为目标，驱动包括内容、技术和市场营销等不同业务发展。这为爱奇艺可持续的长期发展保驾护航。爱奇艺Q1营收80亿 同比增长4%爱奇艺2021年第一季度营收约80亿元，较上年同期的76.5亿元增长4%，较上一季度的74.6亿元增长7%。龚宇今日还发布致投资人公开信，称爱奇艺的核心价值是娱乐内容的制作和分发。娱乐内容是人类的核心刚性需求，爱奇艺在这个领域已具有领导地位，并将在未来继续扩大领先地位。而随刻聚焦的兴趣内容是一个新兴市场，爱奇艺将发展这一业务，并使其对公司的核心娱乐业务起到支撑作用。“由于内容质量是我们整个内容生态系统的核心和重要落脚点，我们希望通过不断提升内容质量达到足够高的爆款概率。而建立足够且具有战斗力的内部工作室是我们内容质量提升的重要前提。”龚宇说，2018年，爱奇艺在IPO路演时提出了2年建立50个内部工作室的目标，目前爱奇艺已经超额完成了这个目标。根据公开信息，目前工作室数量已经超过60个。这些内部工作室大部分是网剧和综艺工作室，少量是电影和动漫工作室。“未来2年大量增加电影、动漫工作室是我们内容制作的重要策略，因为通过内部工作室，可以聚集行业优秀的制作人才，获取大量头部的IP和作品。”龚宇指出，相信通过经验积累和持续努力，爱奇艺独家播出的优质内容将会形成持续、稳定的作品线。爱奇艺Q1会员收入43亿 环比增长12%爱奇艺2021年第一季度会员服务收入43亿元（约6.581亿美元），环比增长12%。这一个季度内，爱奇艺会员规模实现360万的净增长，主要归功于头部内容，尤其是优质剧集内容表现强劲叠加假期的影响，持续拉动会员数上涨。爱奇艺2021年第一季度广告营收实现收19亿元（约2.925亿美元），同比增长25%，得益于宏观经济的复苏，品牌广告预算和品牌广告主的数量都出现了反弹。在会员与广告收入之外，本季度爱奇艺的内容发行实现收入 7.791亿元（约1.189亿美元），同比增长29%，这是因为在本季度爱奇艺向其他平台发行了更多的内容。爱奇艺2021年第一季度其他营收第一季度贡献收入9.610亿元（约1.467亿美元），相比上年同期增长了10%。爱奇艺Q1成本71亿 较上年同期下降10%爱奇艺2021年第一季度成本为71亿元，较上年同期的79亿元下降10%。这主要归因于内容成本和带宽成本的下降。其中，第一季度内容成本为54亿元（约8.296亿美元），较2020年同期下降8%。内容成本下降主要源于版权内容成本的下降。爱奇艺Q1毛利8.6亿 毛利率11%爱奇艺2021年第一季毛利8.6亿元，毛利率11%，上年同期的毛利率为-3%。爱奇艺Q1费用18.7亿 同比下降6%爱奇艺2021年第一季度费用为18.7亿元，较上年同期的19.89亿元下降6%。其中，爱奇艺第一季度销售、总务与行政开支共计为12亿（约1.833亿美元），比上年同期下滑8%。爱奇艺第一季度研发开支为6.723亿元（约1.026亿美元）。爱奇艺Q1运营亏损10亿 运营利润率为-13%爱奇艺2021年第一季度运营亏损为10亿元（约1.548亿美元），上年同期运营亏损为22亿元；运营亏损率为13%，上年同期运营亏损率为29%。爱奇艺2021年第一季度运营利润率为-13%，自从2019年第三季度以来，爱奇艺的运营亏损在持续收窄。截至2021年3月31日，公司拥有现金、现金等价物，限制性用途现金和短期投资共计133亿元(约20亿美元)。爱奇艺展望了2021年第二季度的业绩：预计总收入介于72.1亿元（约 11亿美元）和76.5亿元（约11.7亿美元）之间。以下是爱奇艺龚宇致投资人信：各位股东好！这是第一次以股东信的形式与大家交流。我想和大家分享下我们目前对行业竞争和内容制作规划的一些思考。一、行业态势和我们的竞争壁垒：在线视频行业已经有十几年的发展历史，现在行业对视频类型有三种普遍的观点。第一种，按照视频规格（视频长度）把视频划分为：长视频和短视频，或长视频、中视频和短视频。第二种，按照内容创作者将视频划分为PPC（professional produced content）、PUGC（professional user generated content）、UGC（user generated content）。PPC由编剧、导演、摄影、演员等专业人士制作，作品包括电影、剧集、动画片和综艺节目等。PUGC由KOL和MCN制作，专业度低于PPC，但可以通过广告或其他变现方式获得收入。UGC是普通用户制作的内容，绝大部分不是专业内容。以上两种分类方法是比较普遍的观点。目前行业还有第三种观点，认为内容最终是为了用户观看，为何不用用户观看视频的目的，观看视频时的心态以及对视频内容的思考做分类呢？按照这种观点视频被分类为：可口视频、娱乐视频和兴趣视频。可口视频类似于快餐，用户消费时的心态轻松，只是简单地消磨时间，看的时候开心就好，并不期望看后长久受益。娱乐视频就是电影、剧集、动漫、综艺等视频内容。优秀的影视作品能令头脑开启思考，并在观看后留下深刻印象和引发持续深度思考，甚至会影响自己的价值观和一生。娱乐内容中，电影诞生了120多年，是迄今世界上最有历史、最有艺术水平，也是最具大众影响力的作品。剧集和综艺等电视内容也是具有近百年历史和大众影响力的文艺作品。他们在给观众提供快乐的同时，也曾改变了人们的生活习惯、改变了社会甚至世界。人类在历史上一直需要在现实基础上延展出浪漫、虚构或者具有情怀的文艺作品，电影、剧集、综艺、动漫等娱乐内容就是满足这种刚性需求的唯一影像形式。我们深信在文学、绘画、音乐等历史更加悠久的艺术基础之上，电影、剧集、动漫、综艺这些娱乐视频内容将具有更大的市场空间，特别是对于中国这种未来经济整体持续稳定发展、社会长期处于消费升级的市场。兴趣视频是指基本以写实为主，满足人们各种兴趣需要的视频，包括但不限于：美食、DIY、开箱、旅游、宠物等等。这类视频的生产者有MCN、KOL，也有为爱发电的普通用户和少量受过专业训练的人士。兴趣内容和它的观众更加分众和长尾。在大众性方面，每类兴趣内容相对于电影、剧集、动漫、综艺弱一些。爱奇艺主要专注于两个视频类型，一是娱乐视频，二是兴趣视频。1）爱奇艺APP专注于娱乐视频。我们的愿景是用科技创新让娱乐内容的分发更加简单、用户体验更好，同时也利用技术创新和优秀艺术家的智慧，创作更多、更优秀的电影、剧集、动漫和综艺节目。在为用户提供更多快乐的同时，也影响用户的生活方式，让人们可以便捷地观看更多、更好、更有思想性的文艺作品。目前娱乐视频这一领域已形成极高的准入门槛：其规模效应需要长期积累达成；整个内容产业仍处在工业化的非常早期, 对行业的理解和人才的认知在这个人才稀缺的阶段是至关重要的。而同时作为中国最大的视频分发平台, 多年的用户数据和技术积累使得我们对用户对娱乐视频的需求有着最深刻的理解。加上巨大的资金需求，对行业规则的深度理解, 与导演、演员、编剧、摄影、录音、美术等艺术家的关系积累，爱奇艺已在中国的娱乐视频领域确立了稳固的领导地位。我们有信心带领整个行业健康发展, 提供给用户更多更好的优质娱乐内容。我们深信未来越来越多的中国用户在充分享受可口内容带来的愉悦之后，一定会追求具有更高精神价值和更具艺术性的娱乐内容。这是一个文化消费升级的过程。2）爱奇艺随刻APP主要专注于兴趣视频，随刻的内容也会在爱奇艺主平台做分发。兴趣内容的特点是主题非常分散，内容和对应的用户都非常长尾。用户进入门槛高，但用户粘性更强。兴趣视频的总体市场不小，但单个媒体平台不容易获得很大的市场占有率。我们认为未来中国的兴趣内容媒体平台会是分散的，用户需求和内容供给也是分散的。目前这个模式在中国还处于初级阶段，爱奇艺在利用已有资源来开拓这一新市场上很有机会。总之，爱奇艺的核心价值是娱乐内容的制作和分发。娱乐内容是人类的核心刚性需求，爱奇艺在这个领域已具有领导地位，并将在未来继续扩大领先地位。而随刻聚焦的兴趣内容是一个新兴市场，爱奇艺将发展这一业务，并使其对公司的核心娱乐业务起到支撑作用。二、核心问题和我们的规划对策：众所周知，历经10年的发展，会员业务已经发展成为公司第一大收入来源。尽管目前我们面临一些挑战，导致会员业务增长放缓或者留存会员数出现波动，我们仍然坚信会员业务拥有巨大的市场潜力。两个可以佐证的数据是，1）截至2021年Q1末爱奇艺累计付费账号数已超过4.9亿；2）在21Q1，平均一个月里有任何一天会员权益的会员数为将近1.6亿，这表明具有为优质内容付费的意愿的用户群体是极其庞大的。而对于会员业务增长放缓，行业内普遍认为短视频及其他多样性娱乐方式对用户时长的挤压是重要原因。我们承认这方面的影响，但是我们观察到用户对于各种视频的观影心智逐渐清晰。同时根据我们的数据和分析，我们相信娱乐视频受其他形式挤压的根源仍然是目前自身的优质内容仍较为匮乏。即使在娱乐方式极大丰富的现在，优质的娱乐视频内容仍然是对用户流量和时长拉动起到巨大的作用核心因素。一个最近的案例是，我们在今年2月上线了爆款独播剧《赘婿》，热播期内该剧在超过1.8亿台设备上播放过，截至收官追剧会员账号数超过6400万，推动本季度的峰值会员数升至接近去年Q1末疫情期间水平。持续不断的产出高质量的内容是提升用户和会员忠诚度的核心。我们认为当前优质内容的匮乏主要是两方面因素导致：1）从传统渠道获取的版权内容正在减少。一方面，版权电视剧随着传统电视行业市场份额的萎缩相应减少；另一方面，受疫情影响，对会员拉新和留存起到至关作用的院线电影，特别是在中国电影院上映的好莱坞电影的数量急剧减少。根据我们的分析，2020年和2021年1-4月以SVOD模式上线的票房过亿的电影的数量相比2019年同期分别下降约一半，其中以好莱坞电影为主的海外电影数量分别下降超过一半。2）目前自制内容的数量和质量都还不能满足需要。自制内容的突破性进展需要我们找到行业最优秀的人才以及最优质的合作伙伴，建立强大的内容生态系统，去做最优秀的作品，而生态系统的完善需要时间来打磨。针对如何解决“优质内容匮乏”这一课题，我想谈一下爱奇艺未来的计划和规划。由于内容质量是我们整个内容生态系统的核心和重要落脚点，我们希望通过不断提升内容质量达到足够高的爆款概率。而建立足够且具有战斗力的内部工作室是我们内容质量提升的重要前提。2018年我们在IPO路演时提出了2年建立50个内部工作室的目标，目前我们已经超额完成了这个目标。这些内部工作室大部分是网剧和综艺工作室，少量是电影和动漫工作室。未来2年大量增加电影、动漫工作室是我们内容制作的重要策略，因为通过内部工作室，可以聚集行业优秀的制作人才，获取大量头部的IP和作品。随着内部工作室越来越多，我们将继续坚持多内容品类发展，深耕垂直赛道。自去年我们推出迷雾剧场大获成功以来，短剧集的形式和我们内容质量得到了用户和市场的广泛认可。相信通过经验积累和持续努力，爱奇艺独家播出的优质内容将会形成持续、稳定的作品线。在内容制作行业也面临种种问题，例如内容制作周期较长且不可控，作品成功率较低，简单重复性的工作量很大，缺乏客观评价标准以及财务风险较大等等。针对这些困难和挑战，我们认为破局之道在于影视工业化。影视工业化包括行业规则重构和智能制作。其中智能制作是重点。这是因为虽然中国影视行业实践工业化进程已经二三十年，但是并没有取得质的改变，其中一个重要原因是缺少科技手段的支持。而智能制作是解决问题的关键因素。得益于5G、AI、区块链、DRM、VR/AR、虚拟拍摄等技术的发展和支持，我们的智能制作系统正在逐步完善。我们规划中和正在实施的智能制作包括：1）制作商业智能系统，用于播出后商业指标分析以及播出前各个制作阶段的播出商业指标预测；2）智能集成制作系统，以人工智能为核心将影视制作流程中的人、设备、物料集成起来并规范管理；3）智能制作工具集，利用人工智能技术、计算机图形学等技术实现影视制作从前期到后期多方面的制作工具集，提升工作效率和用户体验。我们正在通过这些系统和工具增强制作进度、内容质量和财务风险的可控性，从而进一步降低成本、提高效率。我们相信用爱奇艺的行业领导地位改变行业中的不合理规则，用智能制作协助这种行业规则的优化以及提升制作效率，未来的内容制作工作将更加稳定、持续、高效率及爆款内容频出。纵观爱奇艺不断发展的十几年，在商业运营方面，我们正在逐步建立多赢的生态系统和“一鱼多吃”的商业模式；在内容方面，我们得到了各行各业的艺术家和广大用户的认可；在科技领域，我们不断开拓创新以提高用户视听体验和提升效率。我们相信公司在视频行业多年的激烈竞争中积累的宝贵知识财富将进一步巩固我们的市场领导地位。我们始终坚信长视频影视娱乐作为重要的娱乐形式具有不可替代性。我们希望通过持续不断的科技创新赋能内容制作，提高内容爆款概率，从而催生出更大的商业价值，为下一代娱乐拓展更大的造梦舞台和想象空间，也期待为各位股东带来更多惊喜。公司注：我们不会在今天晚些时候的电话会议上读这封信，以便留出更多时间在问答环节与投资者交流。附录：我们Q1的表现和展望本季度，得益于上线的优质内容，我们开年首个季度整体收入超出公司之前指引，同环比均取得增长。同时，近几个季度以来，在收入相对稳定的情况下，我们内容成本得到了有效的控制，亏损不断收窄。我们也延续了我们的行业领先地位，根据QuestMobile数据，我们的日活、月活和月度使用时长均行业排名第一。会员：首先是会员业务。截至3月31日，公司总订阅会员数达1.053亿，季度净新增约360万。会员收入环比增长12%至43.1亿元人民币。会员数的增长主要得益于：1）头部内容，尤其是优质剧集内容表现强劲，持续拉动会员数上涨。例如，头部剧集《赘婿》成为春节爆款，以较短的集数实现了极高的变现效率，日均消费历史top1，超越《延禧攻略》。同时，本季度上线了《沐浴之王》《除暴》《拆弹专家2》等多部院线电影，网络电影《发财日记》《少林寺之得宝传奇》等也表现良好。2）春节期间用户花费更多时间在长视频消费上，平台整体大盘流量上涨，移动端MAU和DAU均环比上涨。3）公司针对假日季推出了多种创新营销举措，包括“激励型任务体系”和会员产品及服务优化等，使用户参与率、会员忠诚度显著提升。除会员数的增长外，本季度会员收入环比增长还得益于：1）用户付费意愿的提升，主要得益于我们的优质内容以及公司在商业模式创新方面的持续探索：包括超前点播和PVOD模式。例如，独播剧《赘婿》凭借其轻喜剧质感打破古装剧刻板印象，吸引大量会员购买超前点播解锁剧情。电影《发财日记》创造了PVOD模式下观影人次和点播收入新高。2）会员价格调整拉动Q1 ARPU值同比和环比提升。同时公司通过两方面来进一步扩展total addressable market。a）2月下旬公司新推出了极速版VIP会员套餐，该套餐针对低线用户，用更有针对性的内容和会员权益促进低线垂类用户的付费转化。b）公司的海外探索也继续稳步推进，2021Q1整体MAU较上季度增长77%，新增下载量在东南亚多个国家和地区稳居TOP5，特别是在泰国、马来西亚等国家和地区长期保持第一。国际版内容爆款频出，推动爱奇艺国际版品牌认知度持续提升。尽管我们目前仍预期订阅会员数会在短期内存在波动，但得益于公司对优质内容的持续深耕，以及公司原创内容生态和自制能力的不断提升，我们对会员业务的中长期发展依然有信心。我们欣喜地看到，国内视频网站的内容制作水准逐渐向国际同行靠拢。而用户为优质内容付费已经成为常态。我们也注意到有同行跟随我们调整了会员价格，这也表明了行业的长期盈利能力。广告本季度中国整体广告市场继续恢复。我们的广告服务收入同比增长25%。在Q1是传统的广告淡季的前提下实现了稳定的同比、环比增长。和20年Q4趋势类似，增长主要归功于今年Q1优质综艺及大剧带动内容营销收入同环比提升。内容营销收入贡献占品牌广告收入的比例达64%左右，为最近几个季度的最高点，再一次验证了广告主对我们平台优质内容的认可。品牌广告方面，在宏观经济恢复的大背景下，得益于广告主预算的恢复以及广告主数量的增长，品牌广告收入继续企稳。Q1优质内容带动一些头部广告主加大了投放，头部客户ARPU提升。行业上看，食品饮料和化妆卫浴两个行业撑起了Q1的增长。效果广告方面，本季度消费环比上涨得益于节假日的流量带动以及重点行业如网服app、电商、网络影视、游戏的贡献。内容：内容方面，爱奇艺剧集、综艺、动漫、儿童等频道头部内容的数量及播出总量在Q1继续领先全网。第三方数据显示，Q1爱奇艺的剧集和综艺分别的正片有效播放量市场份额均接近40%，动漫（含儿童动画）和电影的正片有效播放量市场份额分别超过40%和50%，均为市场第一。爱奇艺持续推出高品质独播内容来满足用户需求，并持续推进IP的系列化开发和风格化创新。1）戏剧方面，爱奇艺本季度独播的古装大剧《赘婿》成为爆款，在题材和内容风格方面做了有益创新，为未来古装剧创作提供了新思路。此外，我们也在现实主义题材方面推出了《流金岁月》、《我的时代，你的时代》、《假日暖洋洋》等多部原创大剧。2）综艺方面，爱奇艺持续在不同综艺赛道进行原创内容创新。综艺新IP《戏剧新生活》、《奇葩说7》、《潮流合伙人2》、《姐妹们的茶话会》等原创作品在季度内热播。3）原创电影方面，由爱奇艺出品的原创电影《扫黑·决战》已于院线上映，票房超过三亿人民币，并获得各个平台的高评分。2021Q1爱奇艺出品的2部电影开机拍摄。3部电影处于后期制作之中，将于今年上映。还有18部爱奇艺出品电影（iQIYI Original Film）正在开发中。2021Q2，我们的重点戏剧内容包括《小舍得》、《骊歌行》、《北辙南辕》、《叛逆者》、《赖猫的狮子倒影》等。其中《小舍得》《骊歌行》已于4月播出，受到用户喜爱。我们的剧场化运营也将持续推进，恋恋剧场计划在5月20日开播，今年年底我们还将继续推出迷雾剧场新内容。动漫和动画方面，将上线《只好背叛地球了》、《冰雪守护者》，轻动画《仙尊奶爸当赘婿3》等内容。我们预计未来几个月的内容排播会面临一些不确定性，对此我们已提前布局了题材多样的内容，特别是自制大剧，以降低相关影响。技术:我们持续以技术赋能娱乐行业，建设影视制作工业化体系。本季度值得强调的技术应用方面的进展包括：1.在智能制作方面：爱奇艺“虚实之城”XR云演出：演唱会整场采用全球领先的XR虚拟制作技术，在虚拟场景的多样性和线上互动用户数等方面超越国外同类演出，为大家拓展了直播互动体验节目和虚拟演出节目新的天花板。2.产品和功能方面，今年1月针对低线城市用户的爱奇艺极速版正式发布，目前在用户互动方面表现良好，人均时长、人均播放VV等指标超过爱奇艺主站App。","news_type":1,"symbols_score_info":{"IQ":0.9}},"isVote":1,"tweetType":1,"viewCount":212,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":195348855,"gmtCreate":1621259616377,"gmtModify":1704354784603,"author":{"id":"3581155580868820","authorId":"3581155580868820","name":"风雪腊梅","avatar":"https://static.tigerbbs.com/6098bb5390cb75567a6e67bf6a793e29","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581155580868820","authorIdStr":"3581155580868820"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/195348855","repostId":"1171944467","repostType":4,"isVote":1,"tweetType":1,"viewCount":626,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":105305843,"gmtCreate":1620267382482,"gmtModify":1704341063688,"author":{"id":"3581155580868820","authorId":"3581155580868820","name":"风雪腊梅","avatar":"https://static.tigerbbs.com/6098bb5390cb75567a6e67bf6a793e29","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581155580868820","authorIdStr":"3581155580868820"},"themes":[],"htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/105305843","repostId":"1182837431","repostType":4,"repost":{"id":"1182837431","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":1620266687,"share":"https://ttm.financial/m/news/1182837431?lang=en_US&edition=fundamental","pubTime":"2021-05-06 10:04","market":"hk","language":"zh","title":"Xiaomi rose nearly 5% during the session, ranking second in the European smartphone market share in Q1","url":"https://stock-news.laohu8.com/highlight/detail?id=1182837431","media":"老虎资讯综合","summary":"5月6日，小米集团-W盘中拉升，现涨近5%，今早小米集团董事长兼CEO雷军在微博表示，今年第一季度欧洲智能手机市场份额，小米首次达到第二。国外数据调研机构Canaly发布报告显示：今年第一季度欧洲智能","content":"<p>May 6th,<a href=\"https://laohu8.com/S/01810\">Xiaomi Group-W</a>It rose during the session and is now up nearly 5%. This morning, Xiaomi Group Chairman and CEO Lei Jun was<a href=\"https://laohu8.com/S/WB\">Weibo</a>He said that in the first quarter of this year, Xiaomi reached the second place in the European smartphone market share for the first time.</p><p><img src=\"https://static.tigerbbs.com/0ceeab86777275f2c9dd91665e3b3e68\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>A report released by Canaly, a foreign data research organization, shows that in the first quarter of this year, Xiaomi rose to 23% in the European smartphone market share, surpassing Apple to rank second, rising to second place for the first time, second only to Samsung; Xiaomi's smartphone shipments in Western Europe grew rapidly in the first quarter, and its market share ranked third (17%); Spain's smartphone market share has ranked first for five consecutive quarters, accounting for 35%.</p><p>It is reported that Xiaomi mobile phones are not only popular in Europe, but also flourishing in India. According to data from market Research company Counterpoint Research, in the first quarter of 2021, Xiaomi maintained its number one sales position in the Indian smartphone market. Although its market share dropped from 31% last year to 26%, it still led Samsung's 20% market share.</p><p><img src=\"https://static.tigerbbs.com/179feb83fa8f6c7b81c691efce945af1\" tg-width=\"861\" tg-height=\"458\" referrerpolicy=\"no-referrer\"></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>Xiaomi rose nearly 5% during the session, ranking second in the European smartphone market share in Q1</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\">\nXiaomi rose nearly 5% during the session, ranking second in the European smartphone market share in Q1\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\">2021-05-06 10:04</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>May 6th,<a href=\"https://laohu8.com/S/01810\">Xiaomi Group-W</a>It rose during the session and is now up nearly 5%. This morning, Xiaomi Group Chairman and CEO Lei Jun was<a href=\"https://laohu8.com/S/WB\">Weibo</a>He said that in the first quarter of this year, Xiaomi reached the second place in the European smartphone market share for the first time.</p><p><img src=\"https://static.tigerbbs.com/0ceeab86777275f2c9dd91665e3b3e68\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>A report released by Canaly, a foreign data research organization, shows that in the first quarter of this year, Xiaomi rose to 23% in the European smartphone market share, surpassing Apple to rank second, rising to second place for the first time, second only to Samsung; Xiaomi's smartphone shipments in Western Europe grew rapidly in the first quarter, and its market share ranked third (17%); Spain's smartphone market share has ranked first for five consecutive quarters, accounting for 35%.</p><p>It is reported that Xiaomi mobile phones are not only popular in Europe, but also flourishing in India. According to data from market Research company Counterpoint Research, in the first quarter of 2021, Xiaomi maintained its number one sales position in the Indian smartphone market. Although its market share dropped from 31% last year to 26%, it still led Samsung's 20% market share.</p><p><img src=\"https://static.tigerbbs.com/179feb83fa8f6c7b81c691efce945af1\" tg-width=\"861\" tg-height=\"458\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/bb44f0df3fb7312ee913474e800cc495","relate_stocks":{"01810":"小米集团-W"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1182837431","content_text":"5月6日，小米集团-W盘中拉升，现涨近5%，今早小米集团董事长兼CEO雷军在微博表示，今年第一季度欧洲智能手机市场份额，小米首次达到第二。国外数据调研机构Canaly发布报告显示：今年第一季度欧洲智能手机市场份额，小米升至23%超越苹果位居第二位，为首次升至第二，仅次于三星；小米一季度西欧智能手机出货量增速迅猛，市场份额稳居第三(17%)；西班牙智能手机市场份额连续五个季度稳居第一，占比35%。据悉，小米手机不仅在欧洲受到热捧，在印度更是风生水起。市场研究公司Counterpoint Research的数据显示，2021年第一季度小米保持印度智能手机市场销量第一的身份，尽管市占率从去年31%下降到26%，但仍领先三星的20%市占率。","news_type":1,"symbols_score_info":{"01810":0.9}},"isVote":1,"tweetType":1,"viewCount":374,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":101437760,"gmtCreate":1619930002450,"gmtModify":1704336509441,"author":{"id":"3581155580868820","authorId":"3581155580868820","name":"风雪腊梅","avatar":"https://static.tigerbbs.com/6098bb5390cb75567a6e67bf6a793e29","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581155580868820","authorIdStr":"3581155580868820"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/101437760","repostId":"1120703707","repostType":4,"isVote":1,"tweetType":1,"viewCount":393,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159450616,"gmtCreate":1624977650835,"gmtModify":1703849366721,"author":{"id":"3581155580868820","authorId":"3581155580868820","name":"风雪腊梅","avatar":"https://static.tigerbbs.com/6098bb5390cb75567a6e67bf6a793e29","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581155580868820","authorIdStr":"3581155580868820"},"themes":[],"htmlText":"???","listText":"???","text":"???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/159450616","repostId":"2147863759","repostType":4,"repost":{"id":"2147863759","kind":"highlight","pubTimestamp":1624971302,"share":"https://ttm.financial/m/news/2147863759?lang=en_US&edition=fundamental","pubTime":"2021-06-29 20:55","market":"us","language":"zh","title":"Tesla put CATL to the \"C position\"","url":"https://stock-news.laohu8.com/highlight/detail?id=2147863759","media":"华尔街见闻","summary":"宁德时代最近成为新能源界的C位担当，一是因为董事长曾毓群暴涨的身价，二是因为和特斯拉的一纸电池合约。\n6月28日，宁德时代发布公告称，公司已与特斯拉签订协议，将在2022年1月至2025年12月期间，","content":"<p><a href=\"https://laohu8.com/S/300750\">Ningde era</a>Recently, he has become a C-level leader in the new energy industry. First, because of the skyrocketing value of Chairman Zeng Yuqun, and second, because he and<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>A battery contract.</p><p>On June 28, CATL announced that the company had signed an agreement with Tesla to supply lithium-ion power battery products to Tesla from January 2022 to December 2025, that is, in the next four years. The specific purchase situation is determined by Tesla in the form of orders, and the final sales amount must be subject to the actual settlement of the purchase order issued by Tesla.</p><p>In the future, Tesla's Model 3, Model Y and other models will use battery packs from CATL.</p><p><img src=\"https://static.tigerbbs.com/a713164f29f737032b723520c810364e\" tg-width=\"600\" tg-height=\"427\" referrerpolicy=\"no-referrer\"></p><p>Affected by this news, on June 29, Contemporary Amperex Technology Co., Limited's stock price hit a new high. The intraday stock price once reached 519.60 yuan per share, and the total market value exceeded 1.2 trillion yuan. As of the close, Contemporary Amperex Technology Co., Limited's share price closed at 508.51 yuan per share, an increase of 2.96%. Become the first technology stock in A-shares to enter the trillion-dollar club.</p><p>It is worth mentioning that since last year, CATL's stock price has been like a rocket, with its total market value rising from 0.23 trillion yuan to 1.18 trillion yuan, an increase of more than 4 times.</p><p>June 29th,<a href=\"https://laohu8.com/S/601995\">CICC</a>According to the evaluation of this cooperation, CATL's agreement with Tesla is stronger than the previous cooperation. Considering that the company's downstream demand exceeded expectations, CATL's profit forecast was raised and the target price was raised by 9% to 600 yuan. CICC also raised CATL's 2021-2023 profit forecast by 10%, 25% and 8% to 11 billion yuan, 20 billion yuan and 26.7 billion yuan respectively.</p><p><a href=\"https://laohu8.com/S/601555\">Soochow Securities</a>Recently, a research report was released saying that it maintains CATL's buy rating with a target price of 607.5 yuan. The reasons for its rating include: the strategic cooperation agreement with car companies is bound to battery production capacity, which can solve the bottleneck of battery supply and ensure that production capacity is not limited.</p><p>In addition, CICC analyst Zeng Tao and others pointed out in the report that the agreement did not stipulate the Chinese market, which means that CATL will take the opportunity to cooperate with Tesla's global market supply to accelerate its products to go global. Boosted by global demand, CATL's long-term global market share is expected to reach more than 30%.</p><p>This is another handshake between the two leading companies. For CATL, which has already reached a high market value of trillions, the deep binding with Tesla, the largest customer, is not only related to the installed battery capacity brought by this customer, but also an important ticket to break through the overseas power battery market.</p><p><h2><b>Secondary</b><b>\"Hand in Hand\"</b></h2>It is reported that in 2018, when Musk signed the Tesla Shanghai factory landing agreement, he secretly met with Zeng Yuqun, chairman of CATL, but the two parties did not reach a substantive agreement.</p><p>At the \"2019 World Artificial Intelligence Conference\", the two met again and finalized their cooperation intention in more than 40 minutes.</p><p>In February 2020, a contract truly brought together two leading companies in new car manufacturing and power batteries. At that time, Contemporary Amperex Technology Co., Limited signed the \"Production Pricing Agreement (China)\" with Tesla, and planned to supply lithium-ion power battery products to Tesla from July 2020 to June 2022.</p><p>According to this contract, CATL supplies batteries for Tesla's Model 3 produced in Shanghai. At the beginning of 2021, after Tesla launches Model Y, the scope of cooperation between the two parties is also expected to be further expanded.</p><p>On June 25 this year, on the basis of this agreement, the two parties signed the above-mentioned cooperation framework agreement \"Production Pricing Agreement\". The agreement stipulates that CATL plans to supply lithium-ion power battery products to Tesla in the next four years. Some analysts believe that the difference between the two cooperation framework agreements lies in the removal of \"China\", which indicates that this supply agreement will cover the whole world.</p><p>The further deepening of cooperation between the two sides has actually long been predicted.</p><p>On June 3, Reuters quoted people familiar with the matter as saying that CATL plans to build a new large-scale power battery factory in Shanghai to provide half of Tesla's global batteries for electric vehicles and rooftop energy storage.</p><p>There are rumors that the annual production capacity of the Shanghai factory will reach 80GWh, while CATL's existing production capacity is 69.1 GWh and 77.5 GWh of production capacity is under construction.</p><p>In addition, the \"Oolong Incident\" that occurred recently in the Ningde era is also related to Tesla. Recently, someone who claimed to be an employee of Ningde Times broke the news that Ningde Times forced manager-level employees to buy Tesla Model 3. Some employees said that the company launched a discount to buy Tesla in order to clear the \"battery problem\" Tesla inventory.</p><p>Contemporary Amperex Technology Co., Limited stated that there were no quality problems and no mandatory purchases. \"Regarding employees' purchase of Tesla, the company encourages employees to buy electric vehicles at preferential prices in order to promote comprehensive electrification. There is no mandate, nor is it limited to Tesla, including most of the brands it supplies. It is said that this activity has lasted for three years. Year, last year was during National Day.\"</p><p><h2><b>\"Binding\" deepens</b></h2>Regardless of the oolong incident, the relationship between Tesla and CATL is being further tied.</p><p>Contemporary Amperex Technology Co., Limited's 2021 Q1 financial report shows that the company's sales to the top five customers accounted for 41.08% of the current receivables, and the company's main customers are large domestic and foreign car companies. The 2020 annual report shows that there is not much gap in sales between the company's third and fourth largest customers.</p><p><img src=\"https://static.tigerbbs.com/7b1d28e7bc0109ab77f6fbdfcfb26e8f\" tg-width=\"640\" tg-height=\"213\" referrerpolicy=\"no-referrer\"></p><p>According to Century Securities,<b>Calculated according to the installed caliber,</b><b>In 2020, Tesla was the third largest customer of CATL, and by the first quarter of 2021, Tesla became the largest customer.</b><img src=\"https://static.tigerbbs.com/71035fcd7b52b58275f0aaf4030589c9\" tg-width=\"640\" tg-height=\"232\" referrerpolicy=\"no-referrer\"></p><p>The binding between the two parties has deepened, not only because Tesla has become the largest customer. More importantly, Tesla is one of the important tickets for CATL to break through the overseas power battery market.</p><p>Previously, Jiang Li, deputy general manager and secretary of the board of directors of CATL, once said,<b>The cooperation between CATL and Tesla is not limited to China. The new contract may be the beginning of the power battery cooperation between the two parties going abroad.</b></p><p>Public data shows that CATL is already in the C position in terms of installed capacity of power batteries. In 2020, the effective catalog of new energy vehicles announced by the Ministry of Industry and Information Technology has more than 6,800 models, of which CATL has more than 3,400 models equipped with power batteries, accounting for the highest proportion among all power battery manufacturers.</p><p>CATL's advantages in global power battery competition are also further expanding.</p><p>According to the latest data from SNE Research, a Korean industry research organization, in the first quarter of 2021, global electric vehicle battery energy consumption was 47.8 GWh, a year-on-year increase of 127%. The substantial growth of CATL in the first quarter was the main driving force.</p><p>Data show that in the first quarter, CATL's battery installed capacity increased by 320.8% year-on-year to 15.1 GWh, and its market share expanded again from 25% in 2020 to 31.5%. Its largest competitors LG Chem and<a href=\"https://laohu8.com/S/PC\">Panasonic</a>Panasonic's market share dropped to 20.5% and 16.7% respectively, and Panasonic's market share dropped by nearly 10 percentage points within a year.</p><p>But the heights are too cold, and CATL still needs to face many competitors at home and abroad.</p><p>Overseas, companies such as LG Chem are eyeing up; At home,<a href=\"https://laohu8.com/S/002594\">BYD</a>Already poses a threat to the Ningde era. In March last year, BYD released a blade battery based on lithium iron phosphate material, and gradually opened it from self-use to third-party car companies.</p><p>Therefore, deepening the binding with Tesla at this time may have some benefits for CATL, both in terms of the installed capacity of power batteries and further enhancing the competitiveness of domestic and overseas markets.</p><p><h2><b>\"C-position\"</b><b>Challenge</b></h2>Although it is Tesla's battery contract that puts CATL to the C position this time, this trillion-dollar company has a very solid position in the field of new energy.</p><p>As the world's leading power battery supplier, CATL not only supplies new car representatives such as Tesla, but also cooperates with traditional car companies such as Mercedes-Benz and Honda. Three domestic new car manufacturers have also chosen CATL's power batteries.</p><p>Han<a href=\"https://laohu8.com/S/600617\">National New Energy</a>According to statistics from the analysis agency SNE, CATL has ranked first in the global power battery installed volume rankings for four consecutive years. Just in 2020, the global installed capacity of CATL's power batteries was 34GWh, with a market share of nearly a quarter.</p><p>With the popularity of the new energy sector, this behind-the-scenes giant has stepped forward since last year and gained capital attention. For example, clearance in 2020<a href=\"https://laohu8.com/S/NIO\">Nio</a>Later, Hillhouse Capital turned to CATL and subscribed for a fixed increase of 10 billion yuan.</p><p>Contemporary Amperex Technology Co., Limited, whose stock price has soared, has also attracted more investor attention. On May 21, Contemporary Amperex Technology Co., Limited also received a survey of 54 people from 33 institutional investors, including large Public Offering of Fund, foreign-funded institutions, and securities firm asset management. The topics that these institutional investors are concerned about are mainly the development of solid-state batteries, the company's three major strategic directions, and the layout of the photovoltaic field.</p><p>Contemporary Amperex Technology Co., Limited is not only recognized by the outside world, but its chairman Zeng Yuqun has also repeatedly ranked at the forefront of the Forbes rich list.</p><p>As of 11:30 a.m. on June 28, the real-time list of the Forbes Rich List showed that CATL Chairman Zeng Yuqun was worth US $44.7 billion (approximately 288.8 billion yuan), ranking 30th in the world. This is his first time in the top 30 of the list.</p><p>At the beginning of May, Zeng Yuqun successfully won the title of the richest man in Hong Kong. With a net worth of $34.5 billion, he shook the list of the richest man in Hong Kong, which has been dominated by the \"Lee family\" for more than 20 years. His personal wealth once surpassed that of Lee Shau Kee ($32.1 billion) and Li Ka-shing ($34.4 billion).</p><p>At that time, Zeng Yuqun's ranking on the global rich list rose to 42nd in the world, and now he has broken through into the top 30.</p><p>Within a year, CATL went out of the circle many times and attracted much attention in the primary and secondary markets. As the first A-share technology company with a market value of trillions, how long can CATL stand in the C position?</p>","source":"wallstreetcn_api","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>Tesla put CATL to the \"C position\"</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\">\nTesla put CATL to the \"C position\"\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">华尔街见闻</strong><span class=\"h-time small\">2021-06-29 20:55</span>\n</p>\n</h4>\n</header>\n<article>\n<p><a href=\"https://laohu8.com/S/300750\">Ningde era</a>Recently, he has become a C-level leader in the new energy industry. First, because of the skyrocketing value of Chairman Zeng Yuqun, and second, because he and<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>A battery contract.</p><p>On June 28, CATL announced that the company had signed an agreement with Tesla to supply lithium-ion power battery products to Tesla from January 2022 to December 2025, that is, in the next four years. The specific purchase situation is determined by Tesla in the form of orders, and the final sales amount must be subject to the actual settlement of the purchase order issued by Tesla.</p><p>In the future, Tesla's Model 3, Model Y and other models will use battery packs from CATL.</p><p><img src=\"https://static.tigerbbs.com/a713164f29f737032b723520c810364e\" tg-width=\"600\" tg-height=\"427\" referrerpolicy=\"no-referrer\"></p><p>Affected by this news, on June 29, Contemporary Amperex Technology Co., Limited's stock price hit a new high. The intraday stock price once reached 519.60 yuan per share, and the total market value exceeded 1.2 trillion yuan. As of the close, Contemporary Amperex Technology Co., Limited's share price closed at 508.51 yuan per share, an increase of 2.96%. Become the first technology stock in A-shares to enter the trillion-dollar club.</p><p>It is worth mentioning that since last year, CATL's stock price has been like a rocket, with its total market value rising from 0.23 trillion yuan to 1.18 trillion yuan, an increase of more than 4 times.</p><p>June 29th,<a href=\"https://laohu8.com/S/601995\">CICC</a>According to the evaluation of this cooperation, CATL's agreement with Tesla is stronger than the previous cooperation. Considering that the company's downstream demand exceeded expectations, CATL's profit forecast was raised and the target price was raised by 9% to 600 yuan. CICC also raised CATL's 2021-2023 profit forecast by 10%, 25% and 8% to 11 billion yuan, 20 billion yuan and 26.7 billion yuan respectively.</p><p><a href=\"https://laohu8.com/S/601555\">Soochow Securities</a>Recently, a research report was released saying that it maintains CATL's buy rating with a target price of 607.5 yuan. The reasons for its rating include: the strategic cooperation agreement with car companies is bound to battery production capacity, which can solve the bottleneck of battery supply and ensure that production capacity is not limited.</p><p>In addition, CICC analyst Zeng Tao and others pointed out in the report that the agreement did not stipulate the Chinese market, which means that CATL will take the opportunity to cooperate with Tesla's global market supply to accelerate its products to go global. Boosted by global demand, CATL's long-term global market share is expected to reach more than 30%.</p><p>This is another handshake between the two leading companies. For CATL, which has already reached a high market value of trillions, the deep binding with Tesla, the largest customer, is not only related to the installed battery capacity brought by this customer, but also an important ticket to break through the overseas power battery market.</p><p><h2><b>Secondary</b><b>\"Hand in Hand\"</b></h2>It is reported that in 2018, when Musk signed the Tesla Shanghai factory landing agreement, he secretly met with Zeng Yuqun, chairman of CATL, but the two parties did not reach a substantive agreement.</p><p>At the \"2019 World Artificial Intelligence Conference\", the two met again and finalized their cooperation intention in more than 40 minutes.</p><p>In February 2020, a contract truly brought together two leading companies in new car manufacturing and power batteries. At that time, Contemporary Amperex Technology Co., Limited signed the \"Production Pricing Agreement (China)\" with Tesla, and planned to supply lithium-ion power battery products to Tesla from July 2020 to June 2022.</p><p>According to this contract, CATL supplies batteries for Tesla's Model 3 produced in Shanghai. At the beginning of 2021, after Tesla launches Model Y, the scope of cooperation between the two parties is also expected to be further expanded.</p><p>On June 25 this year, on the basis of this agreement, the two parties signed the above-mentioned cooperation framework agreement \"Production Pricing Agreement\". The agreement stipulates that CATL plans to supply lithium-ion power battery products to Tesla in the next four years. Some analysts believe that the difference between the two cooperation framework agreements lies in the removal of \"China\", which indicates that this supply agreement will cover the whole world.</p><p>The further deepening of cooperation between the two sides has actually long been predicted.</p><p>On June 3, Reuters quoted people familiar with the matter as saying that CATL plans to build a new large-scale power battery factory in Shanghai to provide half of Tesla's global batteries for electric vehicles and rooftop energy storage.</p><p>There are rumors that the annual production capacity of the Shanghai factory will reach 80GWh, while CATL's existing production capacity is 69.1 GWh and 77.5 GWh of production capacity is under construction.</p><p>In addition, the \"Oolong Incident\" that occurred recently in the Ningde era is also related to Tesla. Recently, someone who claimed to be an employee of Ningde Times broke the news that Ningde Times forced manager-level employees to buy Tesla Model 3. Some employees said that the company launched a discount to buy Tesla in order to clear the \"battery problem\" Tesla inventory.</p><p>Contemporary Amperex Technology Co., Limited stated that there were no quality problems and no mandatory purchases. \"Regarding employees' purchase of Tesla, the company encourages employees to buy electric vehicles at preferential prices in order to promote comprehensive electrification. There is no mandate, nor is it limited to Tesla, including most of the brands it supplies. It is said that this activity has lasted for three years. Year, last year was during National Day.\"</p><p><h2><b>\"Binding\" deepens</b></h2>Regardless of the oolong incident, the relationship between Tesla and CATL is being further tied.</p><p>Contemporary Amperex Technology Co., Limited's 2021 Q1 financial report shows that the company's sales to the top five customers accounted for 41.08% of the current receivables, and the company's main customers are large domestic and foreign car companies. The 2020 annual report shows that there is not much gap in sales between the company's third and fourth largest customers.</p><p><img src=\"https://static.tigerbbs.com/7b1d28e7bc0109ab77f6fbdfcfb26e8f\" tg-width=\"640\" tg-height=\"213\" referrerpolicy=\"no-referrer\"></p><p>According to Century Securities,<b>Calculated according to the installed caliber,</b><b>In 2020, Tesla was the third largest customer of CATL, and by the first quarter of 2021, Tesla became the largest customer.</b><img src=\"https://static.tigerbbs.com/71035fcd7b52b58275f0aaf4030589c9\" tg-width=\"640\" tg-height=\"232\" referrerpolicy=\"no-referrer\"></p><p>The binding between the two parties has deepened, not only because Tesla has become the largest customer. More importantly, Tesla is one of the important tickets for CATL to break through the overseas power battery market.</p><p>Previously, Jiang Li, deputy general manager and secretary of the board of directors of CATL, once said,<b>The cooperation between CATL and Tesla is not limited to China. The new contract may be the beginning of the power battery cooperation between the two parties going abroad.</b></p><p>Public data shows that CATL is already in the C position in terms of installed capacity of power batteries. In 2020, the effective catalog of new energy vehicles announced by the Ministry of Industry and Information Technology has more than 6,800 models, of which CATL has more than 3,400 models equipped with power batteries, accounting for the highest proportion among all power battery manufacturers.</p><p>CATL's advantages in global power battery competition are also further expanding.</p><p>According to the latest data from SNE Research, a Korean industry research organization, in the first quarter of 2021, global electric vehicle battery energy consumption was 47.8 GWh, a year-on-year increase of 127%. The substantial growth of CATL in the first quarter was the main driving force.</p><p>Data show that in the first quarter, CATL's battery installed capacity increased by 320.8% year-on-year to 15.1 GWh, and its market share expanded again from 25% in 2020 to 31.5%. Its largest competitors LG Chem and<a href=\"https://laohu8.com/S/PC\">Panasonic</a>Panasonic's market share dropped to 20.5% and 16.7% respectively, and Panasonic's market share dropped by nearly 10 percentage points within a year.</p><p>But the heights are too cold, and CATL still needs to face many competitors at home and abroad.</p><p>Overseas, companies such as LG Chem are eyeing up; At home,<a href=\"https://laohu8.com/S/002594\">BYD</a>Already poses a threat to the Ningde era. In March last year, BYD released a blade battery based on lithium iron phosphate material, and gradually opened it from self-use to third-party car companies.</p><p>Therefore, deepening the binding with Tesla at this time may have some benefits for CATL, both in terms of the installed capacity of power batteries and further enhancing the competitiveness of domestic and overseas markets.</p><p><h2><b>\"C-position\"</b><b>Challenge</b></h2>Although it is Tesla's battery contract that puts CATL to the C position this time, this trillion-dollar company has a very solid position in the field of new energy.</p><p>As the world's leading power battery supplier, CATL not only supplies new car representatives such as Tesla, but also cooperates with traditional car companies such as Mercedes-Benz and Honda. Three domestic new car manufacturers have also chosen CATL's power batteries.</p><p>Han<a href=\"https://laohu8.com/S/600617\">National New Energy</a>According to statistics from the analysis agency SNE, CATL has ranked first in the global power battery installed volume rankings for four consecutive years. Just in 2020, the global installed capacity of CATL's power batteries was 34GWh, with a market share of nearly a quarter.</p><p>With the popularity of the new energy sector, this behind-the-scenes giant has stepped forward since last year and gained capital attention. For example, clearance in 2020<a href=\"https://laohu8.com/S/NIO\">Nio</a>Later, Hillhouse Capital turned to CATL and subscribed for a fixed increase of 10 billion yuan.</p><p>Contemporary Amperex Technology Co., Limited, whose stock price has soared, has also attracted more investor attention. On May 21, Contemporary Amperex Technology Co., Limited also received a survey of 54 people from 33 institutional investors, including large Public Offering of Fund, foreign-funded institutions, and securities firm asset management. The topics that these institutional investors are concerned about are mainly the development of solid-state batteries, the company's three major strategic directions, and the layout of the photovoltaic field.</p><p>Contemporary Amperex Technology Co., Limited is not only recognized by the outside world, but its chairman Zeng Yuqun has also repeatedly ranked at the forefront of the Forbes rich list.</p><p>As of 11:30 a.m. on June 28, the real-time list of the Forbes Rich List showed that CATL Chairman Zeng Yuqun was worth US $44.7 billion (approximately 288.8 billion yuan), ranking 30th in the world. This is his first time in the top 30 of the list.</p><p>At the beginning of May, Zeng Yuqun successfully won the title of the richest man in Hong Kong. With a net worth of $34.5 billion, he shook the list of the richest man in Hong Kong, which has been dominated by the \"Lee family\" for more than 20 years. His personal wealth once surpassed that of Lee Shau Kee ($32.1 billion) and Li Ka-shing ($34.4 billion).</p><p>At that time, Zeng Yuqun's ranking on the global rich list rose to 42nd in the world, and now he has broken through into the top 30.</p><p>Within a year, CATL went out of the circle many times and attracted much attention in the primary and secondary markets. As the first A-share technology company with a market value of trillions, how long can CATL stand in the C position?</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3634141\">华尔街见闻</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/983e0432c72ee1117f6c5b8a19ed6e25","relate_stocks":{"300750":"宁德时代","TSLA":"特斯拉"},"source_url":"https://wallstreetcn.com/articles/3634141","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2147863759","content_text":"宁德时代最近成为新能源界的C位担当，一是因为董事长曾毓群暴涨的身价，二是因为和特斯拉的一纸电池合约。\n6月28日，宁德时代发布公告称，公司已与特斯拉签订协议，将在2022年1月至2025年12月期间，也就是未来四年，向特斯拉供应锂离子动力电池产品。具体的采购情况特斯拉以订单方式确定，最终销售金额须以特斯拉发出的采购订单实际结算为准。\n未来，特斯拉旗下的Model 3、Model Y等车型将会使用来自宁德时代的电池组。\n\n受此消息影响，6月29日，宁德时代股价再创新高，盘中股价一度达到519.60元/股，总市值突破1.2万亿元。截至收盘，宁德时代股价报收508.51元/股，涨幅达2.96%。成为A股中第一家跨进万亿俱乐部的科技股。\n值得一提的是，自去年以来，宁德时代的股价如同坐上火箭，总市值由0.23万亿元上涨至1.18万亿元，涨幅超过4倍。\n6月29日，中金公司对此合作评价称，宁德时代此次与特斯拉的协议较之前合作力度更大，考虑到公司下游需求超预期，上调宁德时代的盈利预测，并将目标价调升9%至600元人民币。中金还上调了宁德时代2021-2023年的盈利预测10%、25%和8%，分别至110亿元、200亿元和267亿元。\n东吴证券近日发布研报称，维持宁德时代买入评级，目标价格为607.5元。其评级理由就包括：与车企的战略合作协议系绑定电池产能，能解决电池供应瓶颈，确保产能不受限。\n另外，中金分析师曾韬等在报告中指出，此次协议未约定中国市场，意味着宁德时代将以配合特斯拉全球市场供应为契机，推动产品加速走向全球。全球需求提振下，宁德时代远期全球市场份额有望达到30%以上。\n这是两家头部企业的再次握手。对于已经站上万亿市值高位的宁德时代而言，与第一大客户特斯拉的深度捆绑，不仅关乎该客户带来的电池装机量，更是一张突围海外动力电池市场的重要门票。\n二次“牵手”\n据悉，2018年，马斯克在签署特斯拉上海工厂落地协议时，曾秘密会见宁德时代董事长曾毓群，不过双方未达成实质性协议。\n在“2019世界人工智能大会”上，二人再度会面，用40多分钟敲定了合作意向。\n2020年2月，一份合约让新造车和动力电池的两家头部企业真正走到一起。彼时，宁德时代与特斯拉签订《Production Pricing Agreement (China)》，拟于2020年7月至2022年6月期间向特斯拉供应锂离子动力电池产品。\n据此合约，宁德时代为特斯拉在上海生产的Model 3供应电池。2021年初，特斯拉推出Model Y后，双方的合作范围也有望进一步扩大。\n今年6月25日，在该协议的基础上，双方又签订了上文提及的合作框架协议《Production Pricing Agreement》。协议约定宁德时代计划在未来四年向特斯拉供应锂离子动力电池产品。有分析认为，前后两份合作框架协议的区别在于去掉了“China”，预示着本次供货协议将覆盖全球。\n双方的合作进一步深入，其实早就有预示。\n6月3日，路透社援引知情人士消息称，宁德时代计划在上海新建一家大型动力电池厂，提供特斯拉在全球范围内一半用于电动汽车和屋顶储能的电池。\n有传言称，上海工厂年产能将达到80GWh，而宁德时代现有产能为69.1GWh，并有77.5GWh产能在建中。\n另外，宁德时代日前发生的“乌龙事件”也与特斯拉有关。近日，有自称是宁德时代员工的人员爆料，宁德时代强制经理级别员工购买特斯拉Model 3，有员工称公司推出购买特斯拉的优惠活动，是为了清掉“电池有问题”的特斯拉库存。\n宁德时代则表示，没有质量问题，也没有强制购买。“关于员工购买特斯拉是公司为推行全面电动化，以优惠价格鼓励员工购买电动车，没有强制，也不限于特斯拉，包括其大部分供货的品牌。称此活动已持续三年，去年是在国庆节期间。”\n“绑定”加深\n不论乌龙事件如何，特斯拉和宁德时代的关系都在进一步绑定。\n宁德时代2021年Q1财报显示，公司面向前五大客户的销售金额占当期应收比例为41.08%，公司主要客户为大型境内外车企。2020年年报显示，公司面对第三和第四大客户的销售额差距不大。\n\n而据世纪证券，按装机口径计算， 2020年特斯拉为宁德时代第三大客户，而到2021年第一季度，特斯拉一跃成为最大客户 。\n双方的绑定加深，不仅在于特斯拉跃升为最大客户。更关键的是特斯拉是宁德时代突围海外动力电池市场的重要门票之一。\n此前，宁德时代副总经理、董事会秘书蒋理曾表示，宁德时代与特斯拉的合作不局限于国内。新合约或许就是双方的动力电池合作走出国门的开始。\n公开数据表明，宁德时代在动力电池装机量上已经处于C位。2020年工信部公布的新能源车型有效目录共有6800多款车型，其中宁德时代配套动力电池的有3400多款，在全部动力电池厂商中占比最高。\n宁德时代在全球动力电池竞争中的优势也在进一步扩大。\n据韩国行业调研机构SNE Research最新数据，2021年第一季度，全球电动车电池能耗为47.8 GWh，同比增长127%，宁德时代一季度的大幅增长为主要推动力。\n数据显示，第一季度，宁德时代电池装机量同比增长320.8%至15.1 GWh，市占率从2020年全年的25%再度扩大至31.5%，而其最大竞争对手LG化学以及松下的市占率则分别下降至20.5%和16.7%，松下市占率一年内下降近10个百分点。\n但高处不胜寒，宁德时代仍然需要面对海内外不少竞争对手。\n在海外，有LG化学等企业虎视眈眈；在国内，比亚迪已经对宁德时代构成了威胁。去年3月，比亚迪发布了基于磷酸铁锂材料的刀片电池，并逐渐从自用开放给第三方车企。\n因而，此时与特斯拉加深绑定，对宁德时代而言，无论是对动力电池装机量，还是进一步提升海内外市场竞争力，或许都存在一些好处。\n“C位”挑战\n虽然本次是特斯拉的电池合约将宁德时代送上C位，但这家万亿市值的公司，在新能源领域的地位已经十分稳固。\n作为全球头部动力电池供应商，宁德时代不仅为特斯拉等新造车代表供货，还与奔驰、本田等传统车企合作。国内新造车三家企业也选择了宁德时代的动力电池。\n韩国新能源分析机构SNE统计称，宁德时代已连续四年在全球动力电池装车量排名中居于首位。就在2020年，宁德时代动力电池的全球装车量为34GWh，市场份额接近四分之一。\n随着新能源板块的火爆，这家幕后巨头从去年开始走向台前，获得资本关注。例如，在2020年清仓蔚来后，高瓴资本就转而重仓宁德时代，认购了100亿元的定增。\n股价飙升的宁德时代，也受到更多投资者的关注。5月21日，宁德时代还接待了33家机构投资者共54人的调研，其中包括大型公募基金、外资机构以及券商资管等。这些机构投资者们关心的话题，主要在固态电池发展、公司三大战略方向以及光伏领域的布局等方面。\n被外界认知的不止有宁德时代，其董事长曾毓群也屡次跻身福布斯富豪榜的前列。\n截至6月28日上午11点半，福布斯富豪榜的实时榜单显示，宁德时代董事长曾毓群身价达到447亿美元（约合2888亿元人民币），位列全球第30位。这是他首次进入榜单前30名。\n而就在5月初，曾毓群成功问鼎香港首富。他以345亿美元的身价，动摇了被“李氏家族”霸榜20余年的香港首富榜，个人财富一度超过李兆基（321亿美元）和李嘉诚（344亿美元）。\n彼时，曾毓群在全球富豪榜上的排名升至全球第42名，而今他已经突围进前30名。\n一年之内，宁德时代多次出圈，在一、二级市场备受关注。作为A股第一家万亿市值的科技公司，宁德时代在C位上又能矗立多久？","news_type":1,"symbols_score_info":{"300750":0.9,"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":2554,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":188415570,"gmtCreate":1623458608690,"gmtModify":1704204095328,"author":{"id":"3581155580868820","authorId":"3581155580868820","name":"风雪腊梅","avatar":"https://static.tigerbbs.com/6098bb5390cb75567a6e67bf6a793e29","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581155580868820","authorIdStr":"3581155580868820"},"themes":[],"htmlText":"[666]&nbsp;[666]&nbsp;[666]&nbsp;","listText":"[666]&nbsp;[666]&nbsp;[666]&nbsp;","text":"[666] [666] [666]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/188415570","repostId":"1156959915","repostType":4,"repost":{"id":"1156959915","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":1623429803,"share":"https://ttm.financial/m/news/1156959915?lang=en_US&edition=fundamental","pubTime":"2021-06-12 00:43","market":"us","language":"zh","title":"Tiger Securities helped BOSS Zhipin land on Nasdaq, opening up 75% on the first day","url":"https://stock-news.laohu8.com/highlight/detail?id=1156959915","media":"老虎资讯综合","summary":"北京时间6月12日，BOSS直聘登陆纳斯达克，首日开涨75%。\n老虎证券作为互联网承销商，与高盛、摩根士丹利、UBS、华兴、海通等国际知名大行同列BOSS直聘招股书封面，展现出老虎证券作为头部互联网科","content":"<p>On June 12, Beijing time, BOSS Zhipin landed on Nasdaq, and opened up 75% on the first day.<img src=\"https://static.tigerbbs.com/57551fd25362c75885fbb928efe43f8a\"></p><p>As an Internet underwriter, Tiger Securities is listed on the cover of the BOSS direct recruitment prospectus with Goldman Sachs, Morgan Stanley, UBS, Huaxing, Haitong and other internationally renowned banks, showing Tiger Securities' influence as a leading Internet technology investment bank.<br></p><p><br></p><p>According to the latest prospectus information, BOSS Zhipin will publicly issue 48 million American Depositary Shares (ADS) at an issue price of US $19 per share, raising approximately US $912 million, and the total market value was US $7.599 billion at the opening.</p><p>This valuation has exceeded the sum of 51job, which has a public valuation of US $5 billion, and Zhaopin Recruitment, which can only have a valuation of US $1.7 billion in the private equity fund market due to delisting, making it the highest-valued Chinese recruitment platform.</p><p>Of course, being able to achieve such a high valuation shows to a certain extent that BOSS Zhipin also has its own financial performance and has been recognized by the capital market.</p><p><b>FINANCIAL</b></p><p>The recent financial performance of BOSS Zhipin can be summarized as follows: the revenue growth momentum is strong; Gross profit growth was strong and gross margin remained stable; Although the operating profit is low, it has turned losses into profits; Operating cash flow skyrocketed.</p><p>Specifically, BOSS Zhipin's revenue in 2020 reached US $298 million, a surge of 95.4% compared with US $152 million in 2019. In the first quarter of 2021, the company's revenue reached US $120 million, a year-on-year increase. As high as 178.9%.</p><p>The gross profit of BOSS direct recruitment will be US $261 million in 2020, an increase of 98.7% compared with US $131 million in 2019, and will reach US $104 million in the first quarter of 2021, a year-on-year increase of 178.4%. At the same time, in the first quarter of 2019, 2020 and 2021, the company's gross profit margins were 86.20%, 87.65% and 86.45% respectively, remaining almost unchanged.</p><p>In 2019, 2020, and the first quarter of 2021, BOSS Zhipin achieved operating profits of US $392,800, US $1.356 million, and US $350,000, and US $400,000 respectively, with operating profit margins of 0.3%, 0.5%, and 0.3% respectively. During the same period, the company's net losses were US $112 million, US $188 million and US $40.972 million respectively.</p><p>In 2019, 2020, and the first quarter of 2021, BOSS's direct operating cash flow was-16.1318 million US dollars, 60.676 million US dollars, and 25.235 million US dollars, respectively.</p><p>As of March 31, 2021, BOSS Zhipin held cash of US $626 million and liabilities of US $332 million. For the twelve months ended March 31, 2021, the Company had free cash flow of $102 million.</p><p><b>Study Analysis</b></p><p>BOSS Zhipin hopes to get the support of the US capital market to help them continue to expand in the Chinese market.</p><p>Judging from the company's financial performance, their revenue and gross profit margin have grown rapidly, and their operations have turned losses into profits. Free cash flow as of March 31, 2021 was impressive at over $101 million.</p><p>In China, providing online recruitment services for job seekers and employers has a huge market size and a promising prospect.</p><p>Goldman Sachs is the leading underwriter of this transaction. In the past twelve months, the company has led the underwriting of IPO stocks, with an average return rate of 42.9%, which is at the middle level in the comparison of the performance of all major underwriters in the same period.</p><p>The number one risk facing BOSS Direct Recruitment is that the company may face a series of competitive pressures, such as talent networks, or other mainstream international recruitment companies entering their markets, and once these become a reality, they will threaten their growth prospects, or force them to significantly increase marketing spending and suppress profitability.</p><p>China's various online businesses with high profit margins often end up attracting a large number of competitors, and the most important means of competition is a price war, which is obviously not good news for the future return of stocks.</p><p>From a valuation perspective, the price offered by BOSS Zhipin for U.S. IPO investors means that the company's enterprise value-to-revenue ratio is around 19.2. Although this figure is higher than the current overall level of software-as-a-service stocks, BOSS Zhipin's revenue growth momentum is even stronger, they have crossed the profitability threshold at the operational level and generated considerable free cash flow.</p><p>Therefore, although the IPO price of BOSS direct recruitment is not low, this stock is still worthy of attention for those investors who are interested in the growth prospects of China's online recruitment market.</p><p><img src=\"https://static.tigerbbs.com/361ada34c84eeaafbb2e860b6eb0db6f\"></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>Tiger Securities helped BOSS Zhipin land on Nasdaq, opening up 75% on the first day</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; 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}\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\">\nTiger Securities helped BOSS Zhipin land on Nasdaq, opening up 75% on the first day\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\">2021-06-12 00:43</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On June 12, Beijing time, BOSS Zhipin landed on Nasdaq, and opened up 75% on the first day.<img src=\"https://static.tigerbbs.com/57551fd25362c75885fbb928efe43f8a\"></p><p>As an Internet underwriter, Tiger Securities is listed on the cover of the BOSS direct recruitment prospectus with Goldman Sachs, Morgan Stanley, UBS, Huaxing, Haitong and other internationally renowned banks, showing Tiger Securities' influence as a leading Internet technology investment bank.<br></p><p><br></p><p>According to the latest prospectus information, BOSS Zhipin will publicly issue 48 million American Depositary Shares (ADS) at an issue price of US $19 per share, raising approximately US $912 million, and the total market value was US $7.599 billion at the opening.</p><p>This valuation has exceeded the sum of 51job, which has a public valuation of US $5 billion, and Zhaopin Recruitment, which can only have a valuation of US $1.7 billion in the private equity fund market due to delisting, making it the highest-valued Chinese recruitment platform.</p><p>Of course, being able to achieve such a high valuation shows to a certain extent that BOSS Zhipin also has its own financial performance and has been recognized by the capital market.</p><p><b>FINANCIAL</b></p><p>The recent financial performance of BOSS Zhipin can be summarized as follows: the revenue growth momentum is strong; Gross profit growth was strong and gross margin remained stable; Although the operating profit is low, it has turned losses into profits; Operating cash flow skyrocketed.</p><p>Specifically, BOSS Zhipin's revenue in 2020 reached US $298 million, a surge of 95.4% compared with US $152 million in 2019. In the first quarter of 2021, the company's revenue reached US $120 million, a year-on-year increase. As high as 178.9%.</p><p>The gross profit of BOSS direct recruitment will be US $261 million in 2020, an increase of 98.7% compared with US $131 million in 2019, and will reach US $104 million in the first quarter of 2021, a year-on-year increase of 178.4%. At the same time, in the first quarter of 2019, 2020 and 2021, the company's gross profit margins were 86.20%, 87.65% and 86.45% respectively, remaining almost unchanged.</p><p>In 2019, 2020, and the first quarter of 2021, BOSS Zhipin achieved operating profits of US $392,800, US $1.356 million, and US $350,000, and US $400,000 respectively, with operating profit margins of 0.3%, 0.5%, and 0.3% respectively. During the same period, the company's net losses were US $112 million, US $188 million and US $40.972 million respectively.</p><p>In 2019, 2020, and the first quarter of 2021, BOSS's direct operating cash flow was-16.1318 million US dollars, 60.676 million US dollars, and 25.235 million US dollars, respectively.</p><p>As of March 31, 2021, BOSS Zhipin held cash of US $626 million and liabilities of US $332 million. For the twelve months ended March 31, 2021, the Company had free cash flow of $102 million.</p><p><b>Study Analysis</b></p><p>BOSS Zhipin hopes to get the support of the US capital market to help them continue to expand in the Chinese market.</p><p>Judging from the company's financial performance, their revenue and gross profit margin have grown rapidly, and their operations have turned losses into profits. Free cash flow as of March 31, 2021 was impressive at over $101 million.</p><p>In China, providing online recruitment services for job seekers and employers has a huge market size and a promising prospect.</p><p>Goldman Sachs is the leading underwriter of this transaction. In the past twelve months, the company has led the underwriting of IPO stocks, with an average return rate of 42.9%, which is at the middle level in the comparison of the performance of all major underwriters in the same period.</p><p>The number one risk facing BOSS Direct Recruitment is that the company may face a series of competitive pressures, such as talent networks, or other mainstream international recruitment companies entering their markets, and once these become a reality, they will threaten their growth prospects, or force them to significantly increase marketing spending and suppress profitability.</p><p>China's various online businesses with high profit margins often end up attracting a large number of competitors, and the most important means of competition is a price war, which is obviously not good news for the future return of stocks.</p><p>From a valuation perspective, the price offered by BOSS Zhipin for U.S. IPO investors means that the company's enterprise value-to-revenue ratio is around 19.2. Although this figure is higher than the current overall level of software-as-a-service stocks, BOSS Zhipin's revenue growth momentum is even stronger, they have crossed the profitability threshold at the operational level and generated considerable free cash flow.</p><p>Therefore, although the IPO price of BOSS direct recruitment is not low, this stock is still worthy of attention for those investors who are interested in the growth prospects of China's online recruitment market.</p><p><img src=\"https://static.tigerbbs.com/361ada34c84eeaafbb2e860b6eb0db6f\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/3aee31599ee7010691cc73f0ff8ac182","relate_stocks":{"BZ":"BOSS直聘"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1156959915","content_text":"北京时间6月12日，BOSS直聘登陆纳斯达克，首日开涨75%。\n老虎证券作为互联网承销商，与高盛、摩根士丹利、UBS、华兴、海通等国际知名大行同列BOSS直聘招股书封面，展现出老虎证券作为头部互联网科技投行的影响力。\n\n根据最新招股书信息显示，BOSS直聘将公开发行4800万股美国存托股份（ADS），发行价定为每股19美元，募资约9.12亿美元，总市值开盘时是75.99亿美元。\n而这个估值已经超过公开估值50亿美元的前程无忧和由于退市只能在私募基金市场有估值17亿美元的智联招聘之和，成为估值最高的中国招聘平台。\n当然，能达到如此高额的估值，在一定程度上表明BOSS直聘也有着自己的在财务上的表现得到了资本市场的认可。\n财务表现\nBOSS直聘近期的财务表现大约可以做如下概括：营收增长势头强劲；毛利润增长强劲，毛利润率保持稳定；运营利润虽然低，但是已经实现了扭亏为盈；运营现金流猛增。\n具体而言，BOSS直聘2020年营收达到了2.98亿美元，较之2019年的1.52亿美元猛增95.4%之多，而2021年第一季度，公司营收就达到了1.20亿美元，同比增幅更高达178.9%。\nBOSS直聘毛利润2020年为2.61亿美元，较之2019年的1.31亿美元增长98.7%，而2021年第一季度达到1.04亿美元，同比增幅高达178.4%。与此同时，在2019年、2020年和2021年第一季度当中，公司毛利润率分别为86.20%、87.65%和86.45%，几乎保持不变。\n2019年、2020年和2021年第一季度，BOSS直聘分别实现运营利润39.28万美元、135.60万美元和35、40万美元，运营利润率分别为0.3%、0.5%和0.3%。同期内，公司净亏损分别为1.12亿美元、1.88亿美元和4097.20万美元。\n2019年、2020年和2021年第一季度，BOSS直聘运营现金流分别为-1613.18万美元、6067.60万美元和2523.50万美元。\n截至2021年3月31日，BOSS直聘持有现金6.26亿美元，负债3.32亿美元。截至2021年3月31日的十二个月内，公司自由现金流为1.02亿美元。\n研究分析\nBOSS直聘希望获得美国资本市场的支持，帮助他们在中国市场上继续扩张。\n从公司的财务表现看，他们营收和毛利润率增长迅猛，运营层面已经实现扭亏为盈。截至2021年3月31日的自由现金流超过1.01亿美元，令人印象深刻。\n在中国，为求职者和雇主提供线上招聘服务，市场体量是很巨大的，前景是很可观的。\n高盛是本次交易的领衔承销商，在过去十二个月时间内，该公司领衔承销的IPO股票，平均回报率为42.9%，在所有主要承销商同期业绩的比较当中位于中游水平。\nBOSS直聘面前的头号风险是，该公司可能会面对一系列竞争压力，比如人才网络，或者其他主流国际招聘公司进入他们所在的市场，而这些一旦成为现实，就将威胁到他们的增长前景，或者是迫使他们大幅提升营销支出，打压盈利能力。\n中国各种利润率较高的线上业务，往往最终都会吸引大量竞争者，而最主要的竞争手段就是大打价格战，而这对于股票未来的回报显然不是什么好消息。\n从估值角度看，BOSS直聘为美国IPO投资者开出的价格意味着公司企业价值营收比率为19.2左右，虽然这一数字高于软件即服务股票当前的总体水平，但是BOSS直聘的营收增长势头更为强劲，他们已经在运营层面越过盈利门槛，并且产生了可观的自由现金流。\n因此，虽然BOSS直聘IPO价格称不上低廉，但是对于那些有意于中国线上招聘市场成长前景的投资者而言，这一股票还是值得关注的。","news_type":1,"symbols_score_info":{"BZ":0.9}},"isVote":1,"tweetType":1,"viewCount":2715,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":131260845,"gmtCreate":1621863423487,"gmtModify":1704363474251,"author":{"id":"3581155580868820","authorId":"3581155580868820","name":"风雪腊梅","avatar":"https://static.tigerbbs.com/6098bb5390cb75567a6e67bf6a793e29","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581155580868820","authorIdStr":"3581155580868820"},"themes":[],"htmlText":"???","listText":"???","text":"???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/131260845","repostId":"1176526724","repostType":4,"isVote":1,"tweetType":1,"viewCount":697,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":139886805,"gmtCreate":1621606645007,"gmtModify":1704360484742,"author":{"id":"3581155580868820","authorId":"3581155580868820","name":"风雪腊梅","avatar":"https://static.tigerbbs.com/6098bb5390cb75567a6e67bf6a793e29","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581155580868820","authorIdStr":"3581155580868820"},"themes":[],"htmlText":"???","listText":"???","text":"???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/139886805","repostId":"1129397425","repostType":2,"repost":{"id":"1129397425","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":1621422858,"share":"https://ttm.financial/m/news/1129397425?lang=en_US&edition=fundamental","pubTime":"2021-05-19 19:14","market":"us","language":"zh","title":"Nvidia Q1 financial report preview: Under production capacity constraints, what kind of report card will it submit","url":"https://stock-news.laohu8.com/highlight/detail?id=1129397425","media":"老虎资讯综合","summary":"5月19日消息，美国芯片设计公司英伟达将于下周三（5月26日）美股盘后，发布截至2021年5月2日的2022财年Q1财季财务报告。（注：前者为自然年时间，后者为财务年）上一季度，英伟达游戏和数据中心两","content":"<p>According to news on May 19, the American chip design company Nvidia will release its financial report for the Q1 fiscal quarter of 2022 ending May 2, 2021 after the U.S. stock market closes next Wednesday (May 26).<i>(Note: The former is the natural year, and the latter is the financial year)</i></p><p>Last quarter, Nvidia's gaming and data center businesses both set quarterly and full-fiscal-year revenue records. In this quarter, under the circumstances of limited production capacity and an explosion on the demand side, Nvidia will hand in a copy in the Q1 fiscal quarter of 2022. What kind of report card?</p><p><b>Fiscal Year 2021 Q4 Performance Review: Revenue and Net Profit Both Exceeded Market Expectations</b></p><p>In the previous quarter, Nvidia's revenue and net profit both exceeded market expectations. Wherein,</p><p><ul><li>Operating income was $5 billion, up 61% year-over-year, exceeding previous company guidance of $4.8 billion and Bloomberg consensus estimates.</li><li>GAAP net income was US $1.46 billion, a year-on-year increase of 53%, and the net income margin was 29%. GAAP diluted earnings per share were $2.31, compared to $2.12 in the same period last year.</li><li>Non-GAAP net profit was US $1.96 billion, a year-on-year increase of 67%, and the Non-GAAP net profit margin was 39%. Non-GAAP diluted earnings per share were $3.10, compared with $2.91 in the same period last year. The company's revenue guidance for Q1 fiscal 2022 is $5.3 billion, up 72% year-over-year.</li><li>The company's gross margin was 63%, down 180 basis points (1.8%) year-over-year.</li><li>It is worth mentioning that the company's gaming and data center businesses both set quarterly and full-fiscal year revenue records.</li></ul><img src=\"https://static.tigerbbs.com/1092407d07d200a07475ce5d10df72e9\" tg-width=\"752\" tg-height=\"472\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/ef3e263d2f2b699ca7488e079d294d74\" tg-width=\"751\" tg-height=\"420\" referrerpolicy=\"no-referrer\"></p><p><b>What key points to pay attention to in the Q1 fiscal quarter of fiscal year 2022</b></p><p><b>First, the chip shortage situation and when it will ease.</b></p><p>Before talking about the impact of \"core shortage\" on Nvidia, we can briefly analyze the reasons for the chip shortage. The most essential reason is the mismatch between production capacity and demand.</p><p>On the supply side, Intel's 7nm delay in launching last year forced more manufacturers to choose AMD CPUs, which in turn put production pressure on TSMC (AMD foundry). In addition, chip manufacturers including Samsung, SK Hynix and Micron have cut production capacity due to weak demand in personal computer and smartphone markets and falling memory chip prices in the past two years.</p><p>On the demand side, after COVID-19 pandemic, chip shipments were temporarily interrupted. At the same time, global demand for new mobile devices, personal computers, and data center upgrades has soared (demand for semiconductors has soared) with the rise of home trends such as telecommuting and online learning. Another very important reason is that the development of cloud services, 5G networks and artificial intelligence is driving a new round of \"super cycle\" of chip industry recovery.</p><p>In this way, the mismatch between the reduced production capacity and the rapid explosion of demand has jointly directed this wave of \"core shortage\" that has affected all walks of life around the world.</p><p><b>Although the market demand is strong, the constraints of chip shortages on Nvidia's performance growth are obvious.</b>The current chip shortage has actually led to a situation where \"supply determines demand\". In other words, the growth of the company's performance is entirely determined by the production capacity of chips.</p><p>Starting from this perspective, we can briefly analyze the situation of Nvidia. Nvidia's current main foundries are TSMC and Samsung.</p><p>Since the chip shortage will not improve, the chips available to Nvidia are completely limited by the production capacity of TSMC and Samsung. Therefore, the growth of TSMC and Samsung's production capacity can represent the growth of the supply side, while the growth of Nvidia's sales cost can basically represent the growth of the demand side.</p><p>Continuing to deduce according to this logic, it can be seen that Nvidia's chip shortage began at the end of July last year, and the imbalance between supply and demand will peak at the end of April this year, which is basically consistent with the company's previous warning and guidance.</p><p>JPMorgan Chase analyst Harlan Sur said that Nvidia's shipments are 10%-30% lower than the current demand level. It is expected that it will take 3-4 quarters for production capacity to meet market demand, and it will take an additional 1-2 quarters for channels to complete inventory replenishment. quarter.</p><p><img src=\"https://static.tigerbbs.com/955756081faa27b4d4d03de687484292\" tg-width=\"640\" tg-height=\"371\" referrerpolicy=\"no-referrer\"></p><p>As of March 3, Nvidia accounted for 3.37% of TSMC's chip production capacity, an increase of 10% from 3.04% at the beginning of the epidemic. But even so, it cannot meet the demand of the market, especially the demand for 5nm chips.</p><p>In fact, in order to meet the market demand for chips, TSMC, the world's largest foundry, is also expanding production capacity. Regarding the 5nm production capacity that Nvidia is most concerned about, TSMC has increased its production capacity to 105,000 chips per month in the first quarter of this year, and is expected to further increase to 120,000 in the second half of the year. The monthly production capacity in the previous quarter was 90,000 chips. After the expansion, Nvidia expects to occupy 3% of its 5nm production capacity and 21% of its 7nm production capacity in 2021.</p><p><img src=\"https://static.tigerbbs.com/5da8e6425217b370130a2aa7d7eebe04\" tg-width=\"640\" tg-height=\"228\" referrerpolicy=\"no-referrer\">Investors can pay attention to the impact of TSMC's production capacity increase on Nvidia's first-quarter performance, as well as the company's possible disclosure of guidance on the impact of chip shortages on the company's performance.</p><p><b>Secondly, it is the income from CMP series mining cards dedicated to mining.</b>Due to the rise of cryptocurrencies, the 30 series graphics cards are in short supply. In order to alleviate the shortage situation, the company has restricted the mining function of game graphics cards and released CMP series GPUs specifically for mining. The company expects CMP series CPUs Revenue will reach $150 million.</p><p>It should be noted that the price of Bitcoin has recently turned downward, driving the prices of cryptocurrencies such as Ethereum and CFX downward. Against the background of declining mining revenue, it remains to be seen by the market how the sales of CMP series GPUs will be. When the price of cryptocurrency soared before, First Shanghai had optimistically estimated that the CMP series GPUs would probably contribute an additional US $1 billion/year in revenue to Nvidia.</p><p><b>In addition, the automobile business is also a business that investors need to pay attention to.</b>The main logic is that with the birth of new brands such as Tesla, Nio, Ideal, and XPeng, cars are becoming another very important smart terminal after mobile phones.</p><p>Currently, Nvidia is mainly involved in the research and development of AI cockpit technology and autonomous driving. For example, Mercedes' second-generation 56-inch wide MBUX car uses Nvidia's AI cockpit technology; First Shanghai predicts that the smart cockpit project with Mercedes-Benz is expected to contribute billions of dollars in revenue. In addition, in terms of autonomous driving, electric vehicle companies such as Nio, Ideal, XPeng, and SAIC New Energy will cooperate with Nvidia to develop autonomous driving.</p><p>However, the current overall revenue of the automotive business is not large. In the previous quarter, the revenue of the automotive business was only US $145 million, accounting for less than 3% of the total revenue.</p><p><b>Finally, there is the progress of the acquisition of Arm.</b>The deal was first announced on September 14th last year, and now it has been more than eight months. Since the beginning of this year, the acquisition has been investigated by the European Union and the United Kingdom. In addition, large technology companies including Google, Microsoft and Qualcomm have also told U.S. antitrust regulators that Nvidia's acquisition of ARM will damage its business. Competition in vital industry sectors. However, as the acquiree, ARM CEO Simon Segars is not worried about this. When asked about the acquisition on March 30, local time, he said that he was looking forward to the merger with Nvidia.</p><p>The acquisition of Arm may be transformative for Nvidia, but the current geopolitics is not very friendly. Whether Nvidia can eliminate regulatory and industry companies' obstacles is unknown. Investors can pay attention to management's latest disclosures on the progress of the acquisition. Haitong International Securities said that we recognize the strategic benefits that the acquisition of Arm may bring to Nvidia, but this transaction may still be delayed or cancelled.</p><p><b>sum up</b></p><p>Overall, benefiting from the development of cloud computing, 5G and artificial intelligence, the semiconductor industry is ushering in a new round of super rebound cycle. In the short term, production capacity constraints are affecting many industries and are also the main factor restricting Nvidia's performance growth in the past year; The rise in cryptocurrencies has driven demand for CMP series graphics cards, and has also improved performance and profits. Recently, Bitcoin has turned downward, and the sales of its products remain to be seen. In the long run, according to the deduction of the model, the low imbalance between supply and demand reached its peak in April. It is expected that the balance between supply and demand will be achieved in 3-4 quarters, and it will take an additional 1-2 quarters for the channel side to complete inventory replenishment.</p><p><b>Fiscal 2022 Q1 Fiscal Quarter Performance Expectations</b></p><p>In April, Nvidia stated that due to the sales revenue of CMP products exceeding expectations (US $100 million more than expected), it expects revenue in the first quarter to be higher than the previously expected value of US $5.3 billion.</p><p>Bloomberg consensus forecast, Nvidia Q1 fiscal quarter 2022</p><p><ul><li>Revenue was US $5.41 billion, a year-on-year increase of 75.6%;</li><li>Adjusted net profit was US $2.08 billion, a year-on-year increase of 85.9%;</li><li>Adjusted earnings per share were $3.28, a year-over-year increase of 82.1%.</li></ul><img src=\"https://static.tigerbbs.com/65c0a44bf2afc9da13596671ade55f98\" tg-width=\"1617\" tg-height=\"697\" referrerpolicy=\"no-referrer\"></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>Nvidia Q1 financial report preview: Under production capacity constraints, what kind of report card will it submit</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\">\nNvidia Q1 financial report preview: Under production capacity constraints, what kind of report card will it submit\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\">2021-05-19 19:14</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>According to news on May 19, the American chip design company Nvidia will release its financial report for the Q1 fiscal quarter of 2022 ending May 2, 2021 after the U.S. stock market closes next Wednesday (May 26).<i>(Note: The former is the natural year, and the latter is the financial year)</i></p><p>Last quarter, Nvidia's gaming and data center businesses both set quarterly and full-fiscal-year revenue records. In this quarter, under the circumstances of limited production capacity and an explosion on the demand side, Nvidia will hand in a copy in the Q1 fiscal quarter of 2022. What kind of report card?</p><p><b>Fiscal Year 2021 Q4 Performance Review: Revenue and Net Profit Both Exceeded Market Expectations</b></p><p>In the previous quarter, Nvidia's revenue and net profit both exceeded market expectations. Wherein,</p><p><ul><li>Operating income was $5 billion, up 61% year-over-year, exceeding previous company guidance of $4.8 billion and Bloomberg consensus estimates.</li><li>GAAP net income was US $1.46 billion, a year-on-year increase of 53%, and the net income margin was 29%. GAAP diluted earnings per share were $2.31, compared to $2.12 in the same period last year.</li><li>Non-GAAP net profit was US $1.96 billion, a year-on-year increase of 67%, and the Non-GAAP net profit margin was 39%. Non-GAAP diluted earnings per share were $3.10, compared with $2.91 in the same period last year. The company's revenue guidance for Q1 fiscal 2022 is $5.3 billion, up 72% year-over-year.</li><li>The company's gross margin was 63%, down 180 basis points (1.8%) year-over-year.</li><li>It is worth mentioning that the company's gaming and data center businesses both set quarterly and full-fiscal year revenue records.</li></ul><img src=\"https://static.tigerbbs.com/1092407d07d200a07475ce5d10df72e9\" tg-width=\"752\" tg-height=\"472\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/ef3e263d2f2b699ca7488e079d294d74\" tg-width=\"751\" tg-height=\"420\" referrerpolicy=\"no-referrer\"></p><p><b>What key points to pay attention to in the Q1 fiscal quarter of fiscal year 2022</b></p><p><b>First, the chip shortage situation and when it will ease.</b></p><p>Before talking about the impact of \"core shortage\" on Nvidia, we can briefly analyze the reasons for the chip shortage. The most essential reason is the mismatch between production capacity and demand.</p><p>On the supply side, Intel's 7nm delay in launching last year forced more manufacturers to choose AMD CPUs, which in turn put production pressure on TSMC (AMD foundry). In addition, chip manufacturers including Samsung, SK Hynix and Micron have cut production capacity due to weak demand in personal computer and smartphone markets and falling memory chip prices in the past two years.</p><p>On the demand side, after COVID-19 pandemic, chip shipments were temporarily interrupted. At the same time, global demand for new mobile devices, personal computers, and data center upgrades has soared (demand for semiconductors has soared) with the rise of home trends such as telecommuting and online learning. Another very important reason is that the development of cloud services, 5G networks and artificial intelligence is driving a new round of \"super cycle\" of chip industry recovery.</p><p>In this way, the mismatch between the reduced production capacity and the rapid explosion of demand has jointly directed this wave of \"core shortage\" that has affected all walks of life around the world.</p><p><b>Although the market demand is strong, the constraints of chip shortages on Nvidia's performance growth are obvious.</b>The current chip shortage has actually led to a situation where \"supply determines demand\". In other words, the growth of the company's performance is entirely determined by the production capacity of chips.</p><p>Starting from this perspective, we can briefly analyze the situation of Nvidia. Nvidia's current main foundries are TSMC and Samsung.</p><p>Since the chip shortage will not improve, the chips available to Nvidia are completely limited by the production capacity of TSMC and Samsung. Therefore, the growth of TSMC and Samsung's production capacity can represent the growth of the supply side, while the growth of Nvidia's sales cost can basically represent the growth of the demand side.</p><p>Continuing to deduce according to this logic, it can be seen that Nvidia's chip shortage began at the end of July last year, and the imbalance between supply and demand will peak at the end of April this year, which is basically consistent with the company's previous warning and guidance.</p><p>JPMorgan Chase analyst Harlan Sur said that Nvidia's shipments are 10%-30% lower than the current demand level. It is expected that it will take 3-4 quarters for production capacity to meet market demand, and it will take an additional 1-2 quarters for channels to complete inventory replenishment. quarter.</p><p><img src=\"https://static.tigerbbs.com/955756081faa27b4d4d03de687484292\" tg-width=\"640\" tg-height=\"371\" referrerpolicy=\"no-referrer\"></p><p>As of March 3, Nvidia accounted for 3.37% of TSMC's chip production capacity, an increase of 10% from 3.04% at the beginning of the epidemic. But even so, it cannot meet the demand of the market, especially the demand for 5nm chips.</p><p>In fact, in order to meet the market demand for chips, TSMC, the world's largest foundry, is also expanding production capacity. Regarding the 5nm production capacity that Nvidia is most concerned about, TSMC has increased its production capacity to 105,000 chips per month in the first quarter of this year, and is expected to further increase to 120,000 in the second half of the year. The monthly production capacity in the previous quarter was 90,000 chips. After the expansion, Nvidia expects to occupy 3% of its 5nm production capacity and 21% of its 7nm production capacity in 2021.</p><p><img src=\"https://static.tigerbbs.com/5da8e6425217b370130a2aa7d7eebe04\" tg-width=\"640\" tg-height=\"228\" referrerpolicy=\"no-referrer\">Investors can pay attention to the impact of TSMC's production capacity increase on Nvidia's first-quarter performance, as well as the company's possible disclosure of guidance on the impact of chip shortages on the company's performance.</p><p><b>Secondly, it is the income from CMP series mining cards dedicated to mining.</b>Due to the rise of cryptocurrencies, the 30 series graphics cards are in short supply. In order to alleviate the shortage situation, the company has restricted the mining function of game graphics cards and released CMP series GPUs specifically for mining. The company expects CMP series CPUs Revenue will reach $150 million.</p><p>It should be noted that the price of Bitcoin has recently turned downward, driving the prices of cryptocurrencies such as Ethereum and CFX downward. Against the background of declining mining revenue, it remains to be seen by the market how the sales of CMP series GPUs will be. When the price of cryptocurrency soared before, First Shanghai had optimistically estimated that the CMP series GPUs would probably contribute an additional US $1 billion/year in revenue to Nvidia.</p><p><b>In addition, the automobile business is also a business that investors need to pay attention to.</b>The main logic is that with the birth of new brands such as Tesla, Nio, Ideal, and XPeng, cars are becoming another very important smart terminal after mobile phones.</p><p>Currently, Nvidia is mainly involved in the research and development of AI cockpit technology and autonomous driving. For example, Mercedes' second-generation 56-inch wide MBUX car uses Nvidia's AI cockpit technology; First Shanghai predicts that the smart cockpit project with Mercedes-Benz is expected to contribute billions of dollars in revenue. In addition, in terms of autonomous driving, electric vehicle companies such as Nio, Ideal, XPeng, and SAIC New Energy will cooperate with Nvidia to develop autonomous driving.</p><p>However, the current overall revenue of the automotive business is not large. In the previous quarter, the revenue of the automotive business was only US $145 million, accounting for less than 3% of the total revenue.</p><p><b>Finally, there is the progress of the acquisition of Arm.</b>The deal was first announced on September 14th last year, and now it has been more than eight months. Since the beginning of this year, the acquisition has been investigated by the European Union and the United Kingdom. In addition, large technology companies including Google, Microsoft and Qualcomm have also told U.S. antitrust regulators that Nvidia's acquisition of ARM will damage its business. Competition in vital industry sectors. However, as the acquiree, ARM CEO Simon Segars is not worried about this. When asked about the acquisition on March 30, local time, he said that he was looking forward to the merger with Nvidia.</p><p>The acquisition of Arm may be transformative for Nvidia, but the current geopolitics is not very friendly. Whether Nvidia can eliminate regulatory and industry companies' obstacles is unknown. Investors can pay attention to management's latest disclosures on the progress of the acquisition. Haitong International Securities said that we recognize the strategic benefits that the acquisition of Arm may bring to Nvidia, but this transaction may still be delayed or cancelled.</p><p><b>sum up</b></p><p>Overall, benefiting from the development of cloud computing, 5G and artificial intelligence, the semiconductor industry is ushering in a new round of super rebound cycle. In the short term, production capacity constraints are affecting many industries and are also the main factor restricting Nvidia's performance growth in the past year; The rise in cryptocurrencies has driven demand for CMP series graphics cards, and has also improved performance and profits. Recently, Bitcoin has turned downward, and the sales of its products remain to be seen. In the long run, according to the deduction of the model, the low imbalance between supply and demand reached its peak in April. It is expected that the balance between supply and demand will be achieved in 3-4 quarters, and it will take an additional 1-2 quarters for the channel side to complete inventory replenishment.</p><p><b>Fiscal 2022 Q1 Fiscal Quarter Performance Expectations</b></p><p>In April, Nvidia stated that due to the sales revenue of CMP products exceeding expectations (US $100 million more than expected), it expects revenue in the first quarter to be higher than the previously expected value of US $5.3 billion.</p><p>Bloomberg consensus forecast, Nvidia Q1 fiscal quarter 2022</p><p><ul><li>Revenue was US $5.41 billion, a year-on-year increase of 75.6%;</li><li>Adjusted net profit was US $2.08 billion, a year-on-year increase of 85.9%;</li><li>Adjusted earnings per share were $3.28, a year-over-year increase of 82.1%.</li></ul><img src=\"https://static.tigerbbs.com/65c0a44bf2afc9da13596671ade55f98\" tg-width=\"1617\" tg-height=\"697\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/3f1c866c487eb9e101f73a62d4495ce9","relate_stocks":{"NVDA":"英伟达"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129397425","content_text":"5月19日消息，美国芯片设计公司英伟达将于下周三（5月26日）美股盘后，发布截至2021年5月2日的2022财年Q1财季财务报告。（注：前者为自然年时间，后者为财务年）上一季度，英伟达游戏和数据中心两项业务均创下季度和全财年营收记录，这一季度，在产能受限和需求端大爆发的情况下，英伟达在2022年Q1财季会交一份怎样的成绩单？2021财年Q4业绩回顾：营收、净利润双双超出市场预期上一季度，英伟达营收、净利润双双超出市场预期。其中，营业收入为50亿美元，同比增长61%，超出此前48亿美元的公司指引和彭博一致预期。GAAP净利润14.6亿美元，同比增长53%，净利润率为29%。GAAP摊薄每股收益为2.31美元，去年同期为2.12美元。Non-GAAP净利润19.6亿美元，同比增长67%，Non-GAAP净利润率为39%。Non-GAAP摊薄每股收益为3.10美元，去年同期为2.91美元。公司对2022财年Q1的收入指引为53亿美元，同比增长72%。公司毛利率为63%，同比下降180个基点（1.8%）。值得一提的是，公司的游戏和数据中心两项业务均创下季度和全财年营收记录。2022财年Q1财季需要关注哪些要点首先，芯片短缺情况以及何时能缓解。在谈“缺芯”对英伟达的影响之前，可以简单分析一下芯片短缺原因，最本质的原因就是产能和需求的不匹配。在供给端，去年英特尔7nm推迟上市，迫使更多厂商选择AMD的CPU，继而给台积电（AMD代工商）施加了生产压力。另外，由于前两年，个人电脑和智能手机市场需求疲软，存储芯片价格下滑，三星、SK海力士以及美光在内的芯片制造商纷纷削减了产能。在需求端，新冠疫情之后，芯片发货暂时中断。与此同时，随着远程办公和在线学习等居家趋势的兴起，全球对于新移动设备、个人电脑以及数据中心升级的需求飙升（对半导体的需求飙升）。还有一个非常重要的原因是，云服务、5G网络以及人工智能的发展，正在推动新一轮芯片行业复苏的“超级周期”。如此，缩减后产能和快速爆发的需求之间的不匹配，共同导演了这场波及全球各行各业的“缺芯”浪潮。虽然市场需求旺盛，但芯片短缺对英伟达业绩增长的制约是显而易见的。当前的芯片短缺实际上导致了“供给决定需求”的局面，换言之，公司业绩的增长完全是由芯片的产能决定的。从这个角度入手，可以简单分析一下英伟达的情况。英伟达目前主要的代工厂是台积电和三星。由于芯片短缺不会改善，英伟达可以获得的芯片完全受台积电和三星的产能限制，因此台积电和三星产能的增长可以代表供给端增长情况，而英伟达销售成本的增长基本可以代表需求端的增长情况。按照这个逻辑继续推演，可以看到，英伟达的芯片短缺从去年7月底就开始了，而且供求失衡的情况将在今年4月底达到顶峰，基本与公司此前的预警和指导相一致。摩根大通分析师Harlan Sur表示，英伟达的出货量要比当前需求水平低10％-30％，预计3-4个季度后，产能才能满足市场需求，而渠道完成库存补充还额外需要1-2个季度。截至3月3日，英伟达在台积电芯片产能中占比为3.37%，较疫情开始时的3.04%提升了10%。但是即便如此，也不能满足市场的需求，特别是5nm芯片的需求。实际上，为了满足市场对芯片的需求，作为全球最大代工厂的台积电也在扩大产能。在英伟达最关心的5nm产能上，今年一季度台积电已将产能提升至月产10.5万个晶片，预计下半年进一步提升至12万，上一季度月度产能为9万片。扩产之后，英伟达方面预计2021年将占有3%的5nm产能和21%的7nm产能。投资者可以关注，台积电产能提升对英伟达一季度业绩的影响情况，以及公司可能披露的芯片短缺对公司业绩影响的指导。其次，是专门用于挖矿的CMP系列矿卡的收入。由于加密货币上涨，30系列系列显卡都处于供不应求的状态，为了为了缓解缺货情况，公司对游戏显卡的挖矿功能进行了限制，并专门为挖矿发布了CMP系列GPU，公司预计CMP系列CPU的收入将达到1.5亿美元。需要注意的是，比特币价格近期已掉头向下，带动以太坊、CFX等加密货币价格下行。在挖矿收益下行的背景下，CMP系列GPU销售情况如何，仍有待市场观察。在此前加密货币价格大涨之际，第一上海曾乐观估计，CMP系列GPU将有可能为英伟达贡献额外10亿美元/年的收入。此外，是汽车业务也是投资者需要关注的一项业务。主要逻辑在于，随着特斯拉、蔚来、理想、小鹏等新品牌的诞生，汽车正在成为继手机之后又一个非常重要的智能终端。目前，英伟达主要参与了AI驾驶舱技术和自动驾驶的研发。比如，梅赛德斯的第二代56英寸宽MBUX车机采用了英伟达的AI驾驶舱技术；第一上海预测，与梅赛德斯奔驰的智能座舱项目将有望贡献数十亿美元收入。此外，自动驾驶方面，蔚来、理想、小鹏、上汽新能源等电车企业均将与英伟达合作开发自动驾驶。不过，当前汽车业务整体营收不大，上一季度汽车业务的营收仅为1.45亿美元，占总营收的比例不到3%。最后，是收购Arm的进展。这项交易最早在去年9月14日宣布，如今时间已过去八个多月。今年以来，该项收购交易遭到欧盟和英国的调查，另外，谷歌、微软和高通在内的大型科技公司也曾向美国反垄断监管机构表示，英伟达收购ARM的交易将损害对其业务至关重要的行业领域的竞争。不过，作为被收购方，ARM的首席执行官Simon Segars对此并不担心。他当地时间3月30日在被问及收购问题时表示，期待和英伟达的合并。收购Arm对英伟达而言可能是变革性的，但当前地缘政治不太友好，英伟达能否排除监管以及业内公司的阻碍尚未可知，投资者可以关注管理层对收购进展的最新披露。海通国际证券表示，我们认识到收购Arm给英伟达可能带来的战略利益，但这笔交易仍有可能推迟或取消。总结总体而言，受益于云计算、5G和人工智能的发展，半导体产业正在迎来新一轮超级反弹周期。短期看，产能制约正在影响多个行业，也是制约英伟达近一年业绩增长的主要因素；加密货币上涨带动了对CMP系列显卡的需求，也提升了业绩和利润，在近期比特币已掉头向下，其产品的销售有待观察。长期看，按照模型的推演，4月低供需失衡达到顶峰，预计3-4个季度实现供需平衡，渠道端完成库存补充还额外需要1-2个季度。2022财年Q1财季业绩预期4月份，英伟达表示，由于CMP产品销售收入超预期（比预计多1亿美元），预计一季度营收将高于此前给出的53亿美元的预期值。彭博社一致预期，英伟达2022财年Q1财季营收为54.1亿美元，同比增长75.6%；调整后净利润20.8亿美元，同比增长85.9%；调整后每股收益3.28美元，同比增长82.1%。","news_type":1,"symbols_score_info":{"NVDA":0.9}},"isVote":1,"tweetType":1,"viewCount":559,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}