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2024-03-18

$SOUN 20240322 8.0 PUT$

2023-01-06

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2022-12-31

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Top ten A-share events in 2022: "Ning Wang" becomes "Ning Zi", and the demon king goes out of the market 10 times

2022-12-18

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New energy vehicle stocks rose, Nikola rose more than 10%, Tesla fell

2022-12-05

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2022-12-01

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2022-11-30

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Goldman Sachs: It is expected that the probability of OPEC cutting crude oil production is very high, and oil prices will reach US $110 next year

2022-11-27

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2022-11-27

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2022-11-13

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2022-11-08

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Don't just focus on rate hike! Fed study finds real monetary tightening is much worse

2022-11-07

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2022-11-06

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Speak out for the first time after rate hike! Four senior Fed officials: More rate hike, the peak may exceed 5%

2022-11-02

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CVS Health Q3 revenue of $81.2 billion, adjusted EPS better than expected

2022-11-02

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Nio, which has stopped production again, is so fragile

2022-11-02

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Goldman Sachs CEO: Global markets will be more balanced in the next few quarters, and trading may recover next year

2022-11-01

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2022-10-29

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The third quarterly report of public offering reveals the trend of position adjustment, which layouts will warm up before the market

2022-10-28

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2022-10-27

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href=\"https://ttm.financial/OPT/SOUN 20240322 8.0 PUT\">$SOUN 20240322 8.0 PUT$ </a>&nbsp;","listText":"<a href=\"https://ttm.financial/OPT/SOUN 20240322 8.0 PUT\">$SOUN 20240322 8.0 PUT$ </a>&nbsp;","text":"$SOUN 20240322 8.0 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[微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9927620188","repostId":"2295318833","repostType":4,"repost":{"id":"2295318833","kind":"highlight","pubTimestamp":1672468178,"share":"https://ttm.financial/m/news/2295318833?lang=en_US&edition=fundamental","pubTime":"2022-12-31 14:29","market":"hk","language":"zh","title":"Top ten A-share events in 2022: \"Ning Wang\" becomes \"Ning Zi\", and the demon king goes out of the market 10 times","url":"https://stock-news.laohu8.com/highlight/detail?id=2295318833","media":"华尔街见闻","summary":"跌宕起伏，好戏不断！","content":"<p><html><head></head><body>Ups and downs, and the good show continues!</p><p>A-shares have just ended their trading day in 2022.</p><p>In the past year, under the attack of negative factors such as the Federal Reserve's rate hike, the Russia-Ukraine conflict, and the supply chain, A-shares bottomed out twice during the year, falling below 3,000 points four times. As of the close of trading on December 30, the Shanghai Composite Index has fallen by more than 15% this year, the Shenzhen Component Index has fallen by nearly 26%, and the ChiNext Index has fallen by more than 29%.</p><p>Except for the strong performance of the coal sector, most A-share sectors have been impacted to varying degrees. With the landing of the \"three arrows\", real estate has ushered in a strong rebound recently, but in the end it failed to reverse the decline during the year; The performance of the liquor industry, which achieved good financial results during the year, is not very optimistic. But what is comforting is that the Xinchuang industry related to national security and the hot Web3.0 have achieved good results in the capital market. Under the guidance of the \"valuation system with Chinese characteristics\", low-valued companies with Chinese prefixes have also ushered in a long-lost outbreak.</p><p>From a microscopic perspective,<a href=\"https://laohu8.com/S/600519\">Kweichow Moutai</a>Still the company with the highest value in the A-share market, the king of lithium batteries<a href=\"https://laohu8.com/S/300750\">Ningde era</a>The glory is no longer there, and the market value has fallen below one trillion during the year.<a href=\"https://laohu8.com/S/002432\">Jiu'an Medical</a>Then it became the largest monster stock of the year, with an increase of 13 times in 101 trading days. With the continuous optimization of domestic epidemic prevention and control policies,<a href=\"https://laohu8.com/S/301211\">Hendi Pharmaceutical</a>Waiting for antipyretic concept stocks to usher in a surge. Listed companies associated with \"Sheep Liao Ge Sheep\"<a href=\"https://laohu8.com/S/603444\">Gigabit</a>Because of the \"clearance dividend\", it has become the object of the whole network.</p><p>Two bottoms, two rallies</p><p>Under the combined action of multiple factors, A-shares have bottomed out twice this year.</p><p>The first bottom began at the beginning of the year. The Shanghai Composite Index fell from a high of 3,651.89 points in early January to 2,863.65 points on April 27, which took three and a half months. Other major indexes fell across the board, with the Shenzhen Component Index falling nearly 28% and the Growth Enterprise Market falling more than 35%.</p><p>The second dip occurred in the middle of the year. The Shanghai Composite Index started its decline on July 5th and fell to 2893 points on October 31st. Other major stock indexes fell across the board again.</p><p><img src=\"https://static.tigerbbs.com/f00ff4e1dee3d46ddac730828bf8fb7e\" tg-width=\"1024\" tg-height=\"465\" referrerpolicy=\"no-referrer\"/></p><p>Looking deeper into the reasons for the decline in A-shares, Wang Lei, investment director of Jurong Assets, told the Economic Observer that the Shanghai Composite Index experienced a stampede in mid-March, mainly due to the conflict between Russia and Ukraine and the US attack on the audit of Chinese concept stocks. The sharp decline at the end of April was due to the short-term collapse of economic data, and the sharp decline in early November was due to weak investor confidence; What the above-mentioned rounds of exploration have in common is that the impact of external factors leads to the scarcity of investor confidence.</p><p>Of course, after the bottom, A-shares ushered in two rounds of violent rises: from April 27th to July 5th, the Shanghai Composite Index rebounded by 17%, and the Growth Enterprise Market rebounded by 32%; In addition, since November, the Shanghai Composite Index has risen by 7% and the Shenzhen Component Index has risen by 6%.</p><p>Looking forward to 2023,<a href=\"https://laohu8.com/S/601211\">Guotai Junan</a>The latest report points out that the improvement of profit expectations such as the restraining policy shift and post-epidemic opening up, the rising certainty of the internal and external macro environment, and the return space implied by the policy bottom, economic bottom and valuation bottom will push 2023 to become the starting point of a new round of bull market..</p><p>\"Ning Wang\" becomes \"Ning Zi\"? Fall below trillion market capitalization</p><p>In the hottest years of the new energy track, CATL's stock price has soared from 40 yuan to a maximum of 692 yuan per share in 2021, and its market value once exceeded 1.6 trillion yuan.</p><p>But in 2022, the Ningde era failed at the beginning, and its first-quarter financial report fell into the curse of increasing revenue but not increasing profits. At that time, doubts flooded the entire market. On April 20, the stock price of Ningde Times suffered a heavy loss, closing down 7.55% on the same day to 407 yuan per share, with a total market value of 948.7 billion yuan.</p><p><img src=\"https://static.tigerbbs.com/f77a5aa2bafde36e5f23337738a8987e\" tg-width=\"865\" tg-height=\"568\" referrerpolicy=\"no-referrer\"/></p><p>In the following days, CATL's stock price experienced a rebound in June, and then continued its pullback/retracement again in September, currently hovering around 400 yuan.<b>The market value has evaporated by about 600 billion yuan from the peak, which can be called the stock with the most serious market value evaporation of A shares this year.</b></p><p>During this period, CATL handed over financial reports for the second and third quarters that exceeded expectations. Not only did it receive huge orders from BMW and Honda, but it was also preparing to build factories in North America. It can be said that there is constant good news. But this has not completely restored investors' confidence in it. As the \"sky-high price\" of lithium continues to compress the profit margin of batteries, former partners have rebelled one after another, the oversupply of power batteries has begun to emerge, and the competition in the industry is becoming fierce. The era of making money is over.</p><p>Driven by policies, Xinchuang rises in an all-round way</p><p>If there is any sector that is the hottest recently, Xinchuang must be on the list.</p><p>Looking back at the entire month of October, in just 16 trading days, the Wind Xinchuang Industrial Index rose by nearly 12% cumulatively, while the Shanghai Composite Index fell by 4% during the same period.</p><p>Against the background of the hot track, the stock prices of relevant leading companies have soared. Since October,<a href=\"https://laohu8.com/S/002528\">Infineon</a>A cumulative increase of 256%,<a href=\"https://laohu8.com/S/600602\">Yunsai Zhilian</a>With a cumulative rise of nearly 54%, Zhenshitong,<a href=\"https://laohu8.com/S/002315\">Focus Technology</a>, Jiuqi Software,<a href=\"https://laohu8.com/S/600476\">Xiangyou Technology</a>All rose by more than 40%,<a href=\"https://laohu8.com/S/688111\">Kingsoft Office</a>Up more than 31%.</p><p><img src=\"https://static.tigerbbs.com/69c577cad70894876e235c955aefdf29\" tg-width=\"828\" tg-height=\"690\" referrerpolicy=\"no-referrer\"/></p><p>\"Xinchuang\" refers to the information technology application innovation industry, which mainly covers four major sectors: basic hardware, basic software, application software and information security. It is the foundation of data security and network security and an important part of new infrastructure.</p><p><img src=\"https://static.tigerbbs.com/865986dd8258a2f3efc820494ca18a0d\" tg-width=\"865\" tg-height=\"549\" referrerpolicy=\"no-referrer\"/>Since 2006, when the State Council proposed to list core electronic devices, high-end general-purpose chips and basic software products as one of the 16 major scientific and technological projects, the Xinchuang industry has begun to take root. After 2019, the number of relevant policies showed explosive growth, and the development of Xinchuang industry officially ushered in the \"golden three years\".</p><p>The rise of the Xinchuang sector is also driven by policies.</p><p>At the end of September this year, the state issued Document No. 79 to comprehensively guide the development and progress of the state-owned information innovation industry, requiring 100% of central and state-owned enterprises to complete information innovation replacement by 2027, covering chips, basic software, operating systems, middleware and other fields.</p><p>Looking forward to the future, Kaiyuan Securities said,<b>The next five years will be a critical period for the development of \"Daxinchuang\", with broad room for development. In the short term, 2022 is the first year of industry innovation. Starting from 2023, the localization of eight key industries including finance, operators, and electric power is expected to accelerate. At the same time, relevant policy catalysis is expected to be gradually implemented, boosting market confidence.</b></p><p>Global energy is becoming increasingly tight, and \"coal super wind\" is sweeping A-shares</p><p>Coal is definitely the \"most beautiful boy\" among all A-share sectors this year. Taking Shenwan's first-level industry as an example, as of December 29 this year, the Shenwan Coal Industry Index has increased by 10.8% during the year, ranking first among 31 industries. Although the prosperity of the coal sector has declined since the fourth quarter, it is still the only sector that has risen in the first three quarters, and its performance is quite strong.</p><p><img src=\"https://static.tigerbbs.com/f6e2f14dd791d31ce302cc9328f57c5c\" tg-width=\"865\" tg-height=\"522\" referrerpolicy=\"no-referrer\"/></p><p>Among individual stocks,<a href=\"https://laohu8.com/S/600546\">Shanxi Coal International</a>The increase ranked first, with a cumulative increase of nearly 134% during the year;<a href=\"https://laohu8.com/S/000933\">Shenhuo shares</a>、<a href=\"https://laohu8.com/S/601225\">Shaanxi coal industry</a>It rose by more than 70%, Lu'an Environmental Energy, Yankuang Energy, Shanxi Coking Coal, etc. all rose by more than 50%.</p><p><img src=\"https://static.tigerbbs.com/e88a809aaef3b5f928d58e4f1d303cc2\" tg-width=\"780\" tg-height=\"809\" referrerpolicy=\"no-referrer\"/></p><p>It is generally believed that the fundamental reason for the strong performance of the coal sector in the past year lies in the supply imbalance in the context of the energy cycle.</p><p>Changes in the global energy landscape, geopolitical crises and other factors have exacerbated the supply risks in the global energy market, and the \"coal grabbing\" sentiment in the international market has increased accordingly. According to an IEA report, global coal usage will increase by 1.2% this year, with annual usage exceeding 8 billion tons for the first time, exceeding the historical record set in 2013.</p><p>At the same time, domestic coal production hit record highs, driven by demand. Data released by the National Energy Administration shows that the national coal output from January to November was 4.09 billion tons, a year-on-year increase of 9.7% and an increase of 360 million tons over the same period last year.</p><p>In 2021, there will be a \"coal flying dance\", and in 2022, there will be bursts of \"coal super wind\". Will there be \"coal opening three times\" in 2023?</p><p>In this regard,<a href=\"https://laohu8.com/S/600030\">CITIC Securities</a>According to the research report, the current supply of coking coal is tight and the inventory is at an absolute low level in history. With the acceleration of the construction of the subsequent 14th Five-Year Plan project and the marginal improvement of real estate demand, it is expected that the prosperity of the coking coal industry will pick up, which will make the coking coal sector Valuations are ushering in a recovery. At the same time, under the background of global basic energy shortage, thermal coal prices have stabilized at high levels, corporate profits have high certainty, and they have the attributes of high dividends and high Dividend, highlighting long-term investment value. It is expected that the investment logic of the sector in 2023 will mainly be on the demand side, and we are optimistic about the recovery of industry demand in the second half of the year.</p><p>Under the \"valuation system with Chinese characteristics\", the Chinese prefix exploded</p><p>According to Xinhua News Agency, China Securities Regulatory Commission Chairman Yi Huiman said on the 21st of 2022<a href=\"https://laohu8.com/S/000402\">Financial Street</a>At the annual meeting of the Forum<a href=\"https://laohu8.com/S/00170\">China Capital</a>Market construction and development made a speech, specifically pointing out that \"explore the establishment of a valuation system with Chinese characteristics to promote the better function of market resource allocation\".</p><p>Affected by the good news, in the week of November 21, the concept stocks with Chinese prefixes went up across the board when the market was pulling back, and continued to stage a daily limit tide. Judging from the performance in the past two months, the rise of Chinese prefix concept stocks is amazing. Among them, China National Heavy Duty Truck and China Pharmaceutical have risen by more than 40%, and Chinese films,<a href=\"https://laohu8.com/S/600050\">China Unicom</a>, Chinese software has risen by more than 30% cumulatively,<a href=\"https://laohu8.com/S/002116\">China Haicheng</a>、<a href=\"https://laohu8.com/S/600730\">China High-Tech</a>、<a href=\"https://laohu8.com/S/601601\">China Pacific Insurance</a>The cumulative increase has exceeded 20%.</p><p><img src=\"https://static.tigerbbs.com/f178324186b42df872b80e2d2608064d\" tg-width=\"508\" tg-height=\"547\" referrerpolicy=\"no-referrer\"/></p><p>In the traditional valuation system, central enterprises with controllable risks but relatively limited growth are often in a valuation depression, falling into the dilemma of \"better performance\" matching \"worse valuation\". However, under the concept of \"valuation system with Chinese characteristics\", many analysts believe that the intrinsic value of central enterprises may be re-recognized.</p><p><a href=\"https://laohu8.com/S/000776\">GF Securities</a>Dai Kang once stated in a research report that low valuation, high dividends, abundant cash flow, and stable profitability are all significant advantages of central enterprises. He also said that in the past era of globalization, the advantages of \"high profit margins\" and \"high leverage ratios\" supported the 20-year bull growth of US stocks FAANG. Under the current trend of \"anti-globalization\", \"safety\" takes precedence over \"efficiency\", and the \"high profit margin\" advantage of central enterprises also has a lot of room for improvement, which is expected to give birth to China's FAANG.</p><p>Demon King of the Year: 101 trading days, 13 times of interval increase</p><p>During the two A-share bottom out this year, various N-board \"demon stocks\" appeared, such as<a href=\"https://laohu8.com/S/002761\">Zhejiang Jiantou</a>、<a href=\"https://laohu8.com/S/000736\">CCCC Real Estate</a>、<a href=\"https://laohu8.com/S/000756\">Xinhua Pharmaceutical</a>、<a href=\"https://laohu8.com/S/000957\">Zhongtong Bus</a>... But when it comes to the \"king of demons\" in 2022, it must be Jiu'an Medical, the leader in new crown testing.</p><p>On November 7, Jiu'an Medical announced that its subsidiary's new crown antigen home self-test kit was authorized by the US FDA, which kicked off its stock price skyrocketing; Next, a number of large international orders made Jiu'an Medical come up with a shining first-quarter performance report: revenue increased by 66 times year-on-year, and net profit increased by 375 times year-on-year, further pushing the company's stock price to the closing peak of 89.45 yuan.</p><p>Specifically, from the opening on November 15, 2021 to the closing on April 14, 2022, in 101 trading days, Jiu'an Medical has gained 38 daily limit boards. The maximum number of consecutive daily limit days is 9 consecutive boards, and the cumulative increase in the range is as high as an astonishing 1333%.</p><p>From April 15th, this \"demon wind\" began to fade. After the completion of the large order, Jiu'an Medical's performance declined rapidly. In the second quarter, its revenue and net profit both fell by more than 90% month-on-month, and continued to decline by more than 10% month-on-month in the third quarter. Without the support of performance, the company's stock price has been falling all the way, and now it has a pullback/retracement of nearly 42% from a historical high.</p><p><img src=\"https://static.tigerbbs.com/621d1d6c633b5c6d42786300f6dba7dc\" tg-width=\"865\" tg-height=\"652\" referrerpolicy=\"no-referrer\"/></p><p>As far as the performance in the first three quarters of this year is concerned, Jiu'an Medical's revenue increased by 3,000% year-on-year, and its net profit increased by 32,000% year-on-year, far exceeding other concept stocks in terms of scale and speed. In addition, Jiu'an Medical received another large order from the United States in November, and its rapid growth performance is expected to continue in the fourth quarter.</p><p>However, it is worth noting that with the continuous optimization of COVID-19 pandemic prevention and control measures in China, the normalization of epidemic prevention and control policies in the European and American markets, and the rapid decline in demand for nucleic acid testing, can Jiu'an Medical's performance and stock price return to their peak?</p><p>6 billion in 45 days, Hendi Pharmaceuticals made money with ibuprofen</p><p>Recently, ibuprofen is hard to find, making Hendi Pharmaceutical, the second largest ibuprofen raw material drug company in China, once the darling of the capital market.</p><p>From November 24th to December 16th, in less than a month, the stock price of Hendi Pharmaceuticals soared from 23.65 yuan to 55.63 yuan, almost doubling.</p><p><img src=\"https://static.tigerbbs.com/61bb59abcab626549c6d3774767d7f3b\" tg-width=\"865\" tg-height=\"772\" referrerpolicy=\"no-referrer\"/></p><p>The stock price continues to rise, and the family of Liu Yiqian, the actual controller of Hendi Pharmaceuticals, has increased its book wealth by nearly 6 billion yuan in just 45 days, which is really a profit.</p><p>But in fact,<b>The performance of Hendi Pharmaceuticals over the past year has not been satisfactory.</b>Due to the continued decline in revenue from ibuprofen APIs, the company's net profit attributable to the parent company in 2021 will decrease by 28% year-on-year, while it will continue to decline by 21% in the first three quarters of this year.</p><p>At present, the upstream supply of raw materials for ibuprofen is sufficient, and raw material manufacturers also have sufficient production capacity. However, the competition in the industry is still fierce. I believe that the dividends of the new crown antipyretics will not last too long.</p><p>Smart capital markets have long realized this,<b>Hendy Pharmaceutical's share price quickly pulled back after peaking. Up to now, it has dropped by nearly 38% from its high point on the 16th. In addition, the share price of Xinhua Pharmaceutical, the largest ibuprofen raw material factory in China, has dropped by nearly 35% from its high point in mid-December.</b></p><p>The company behind \"A Sheep\": earned 1 billion and paid 1 billion in dividends</p><p>In 2022, this casual mini-game with simple gameplay but extremely high difficulty coefficient will become a mess, and Gigabit, a listed company behind it, will become the focus of market attention.</p><p><img src=\"https://static.tigerbbs.com/81c11e46e95378b8e1339f10fd72b425\" tg-width=\"581\" tg-height=\"467\" referrerpolicy=\"no-referrer\"/></p><p>According to public information, Gigabit was established in 2004 and is mainly engaged in the planning, research and development and operation of online games. Its representative works include \"Asking\", \"Moore Manor\", \"One Thought of Happiness\" and \"Obi Island\".</p><p>Gigabit holds a 20% stake in Beijing Jianyou Technology Co., Ltd., the developer of Sheep, but the profit of the game has little impact on the company's overall financial affairs. Therefore, although \"A Sheep\" has brought a lot of exposure to Gigabit, it still cannot drive its stock price up. On the contrary, its share price has fallen by more than 22% from its highs in early January.</p><p><img src=\"https://static.tigerbbs.com/f93eb4ce4bdd561f48b9a5a2da9fc99c\" tg-width=\"1024\" tg-height=\"775\" referrerpolicy=\"no-referrer\"/></p><p><b>What really makes Gigabit out of the circle is the extremely luxurious \"clearance dividend\".</b></p><p>On October 26, Gigabit released its third quarter financial report. The financial report shows that Gigabit's net profit in the first three quarters was 1.012 billion yuan, a year-on-year decrease of 16.07%. At the same time, a profit distribution plan was announced, that is, a cash dividend of 140 yuan (tax included) will be distributed for every 10 shares, with a total cash dividend of 1.006 billion yuan (tax included).</p><p>In other words,<b>Gigabit, whose net profit declined, split all three quarters of profits in one go. After the announcement of the large-scale dividend plan, Gigabit's stock price rose from 241.33 yuan/share that day to 335.35 yuan/share on November 17.</b></p><p>It is worth noting that Lu Hongyan, the actual controller and chairman of Gigabit, received about 303 million yuan in cash through this dividend, accounting for 30.1% of the total dividends. In addition, the top ten shareholders such as Gigabit Vice Chairman Chen Tuolin and Huang Zhihui can also receive dividends of approximately 155 million yuan.</p><p>What's even more shocking is that large cash dividends are not uncommon for Gigabit. As the \"Maotai in the game industry\", Gigabit once distributed 160 yuan in 10 yuan last year, with a total cash of 1.15 billion yuan.</p><p>Are A-shares about to usher in the Web3.0 era?</p><p>When the Internet industry as a whole is sluggish, the concept of Web3.0 is extremely popular.</p><p>On the one hand, it is reported that the post-00s generation is crazily pouring into Web3.0 and making it the first choice for careers. On the other hand, venture capital institutions are betting heavily on Web3. At that time, Stephen Chow wrote \"Looking for distinctive and outstanding Web3.0 talents in the dark\" The recruitment advertisement has added another fire to Web3.0. When this craze poured into A-shares, a Web3.0 track worth hundreds of billions was born.</p><p><img src=\"https://static.tigerbbs.com/5bab76da8c6f2483abafbc0cbfae6309\" tg-width=\"827\" tg-height=\"1454\" referrerpolicy=\"no-referrer\"/></p><p>Since November,<b>Web3.0 concept stocks continue to be active, and the limelight is unique.</b>Related concept stocks<a href=\"https://laohu8.com/S/002235\">Anne Shares</a>In the past two months, it has increased by nearly 83%.<a href=\"https://laohu8.com/S/002995\">World Online</a>A cumulative increase of 77%,<a href=\"https://laohu8.com/S/300051\">35 Internet</a>A cumulative increase of 65%,<a href=\"https://laohu8.com/S/300071\">Fushi Holdings</a>A cumulative increase of 45%,<a href=\"https://laohu8.com/S/300364\">Chinese Online</a>A cumulative increase of 42%.</p><p>According to the description of technology entrepreneur and investor Chris Dixon, Web3.0 is an Internet of builders and users. Jiangxia, a researcher at research institute Messari, described Web3.0 as \"readable + writable + owned\". Zhu Zhu, an analyst in the Internet media industry of Huaxin Securities, explained that in the era of Web3.0, users will enjoy real data autonomy and can really benefit from data circulation and transactions, so that their data is no longer a free resource of the Internet platform.</p><p>Europeans bought Chinese electric blankets and other \"eight-piece winter sets\" to lead flying industrial chain companies</p><p>In order to survive this winter of energy shortage, European consumers have turned their attention to China's \"heating artifact\".</p><p>Electric blankets, bare-legged artifacts, autumn clothes and autumn trousers, flannel pajamas, hot water bottles, hand warmers, heaters and turtleneck sweaters, the traditional Chinese \"eight-piece winter set\" have all been bought by Europeans. Surprisingly, heating concept stocks were also \"bought up\" by Chinese investors.<a href=\"https://laohu8.com/S/003023\">Rainbow Group</a>Is the biggest \"lucky one\" among them.</p><p>Rainbow Group's stock price rose sharply from 18.04 yuan on August 31 to 40.70 yuan at the close on October 14, and its market value also climbed from 1.884 billion yuan in early September to 4.290 billion yuan. Moreover, Rainbow Group achieved 8 daily limits in the 12 trading days since September 21st, and hit an all-time high on October 14th.</p><p><img src=\"https://static.tigerbbs.com/f68047153f35b980b47b8409ae41aab5\" tg-width=\"865\" tg-height=\"727\" referrerpolicy=\"no-referrer\"/></p><p>The amazing performance also attracted a letter of concern from Shenzhen Stock Exchange. On the evening of October 13, Rainbow Group responded to the letter of concern from the Shenzhen Stock Exchange, saying that in 2022, the company will receive some product export orders, and the overall quantity is small and the amount is low. As of the end of June, Rainbow Group had achieved overseas sales revenue of 210,000 yuan of household flexible heating products such as electric blankets, and the current order amount in hand is about 1.33 million yuan.</p><p>After Rainbow Group responded to the letter of concern, the company's stock price continued to fall, and so far it has spit out most of the gains.</p><p></body></html></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>Top ten A-share events in 2022: \"Ning Wang\" becomes \"Ning Zi\", and the demon king goes out of the market 10 times</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\">\nTop ten A-share events in 2022: \"Ning Wang\" becomes \"Ning Zi\", and the demon king goes out of the market 10 times\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\">2022-12-31 14:29</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Ups and downs, and the good show continues!</p><p>A-shares have just ended their trading day in 2022.</p><p>In the past year, under the attack of negative factors such as the Federal Reserve's rate hike, the Russia-Ukraine conflict, and the supply chain, A-shares bottomed out twice during the year, falling below 3,000 points four times. As of the close of trading on December 30, the Shanghai Composite Index has fallen by more than 15% this year, the Shenzhen Component Index has fallen by nearly 26%, and the ChiNext Index has fallen by more than 29%.</p><p>Except for the strong performance of the coal sector, most A-share sectors have been impacted to varying degrees. With the landing of the \"three arrows\", real estate has ushered in a strong rebound recently, but in the end it failed to reverse the decline during the year; The performance of the liquor industry, which achieved good financial results during the year, is not very optimistic. But what is comforting is that the Xinchuang industry related to national security and the hot Web3.0 have achieved good results in the capital market. Under the guidance of the \"valuation system with Chinese characteristics\", low-valued companies with Chinese prefixes have also ushered in a long-lost outbreak.</p><p>From a microscopic perspective,<a href=\"https://laohu8.com/S/600519\">Kweichow Moutai</a>Still the company with the highest value in the A-share market, the king of lithium batteries<a href=\"https://laohu8.com/S/300750\">Ningde era</a>The glory is no longer there, and the market value has fallen below one trillion during the year.<a href=\"https://laohu8.com/S/002432\">Jiu'an Medical</a>Then it became the largest monster stock of the year, with an increase of 13 times in 101 trading days. With the continuous optimization of domestic epidemic prevention and control policies,<a href=\"https://laohu8.com/S/301211\">Hendi Pharmaceutical</a>Waiting for antipyretic concept stocks to usher in a surge. Listed companies associated with \"Sheep Liao Ge Sheep\"<a href=\"https://laohu8.com/S/603444\">Gigabit</a>Because of the \"clearance dividend\", it has become the object of the whole network.</p><p>Two bottoms, two rallies</p><p>Under the combined action of multiple factors, A-shares have bottomed out twice this year.</p><p>The first bottom began at the beginning of the year. The Shanghai Composite Index fell from a high of 3,651.89 points in early January to 2,863.65 points on April 27, which took three and a half months. Other major indexes fell across the board, with the Shenzhen Component Index falling nearly 28% and the Growth Enterprise Market falling more than 35%.</p><p>The second dip occurred in the middle of the year. The Shanghai Composite Index started its decline on July 5th and fell to 2893 points on October 31st. Other major stock indexes fell across the board again.</p><p><img src=\"https://static.tigerbbs.com/f00ff4e1dee3d46ddac730828bf8fb7e\" tg-width=\"1024\" tg-height=\"465\" referrerpolicy=\"no-referrer\"/></p><p>Looking deeper into the reasons for the decline in A-shares, Wang Lei, investment director of Jurong Assets, told the Economic Observer that the Shanghai Composite Index experienced a stampede in mid-March, mainly due to the conflict between Russia and Ukraine and the US attack on the audit of Chinese concept stocks. The sharp decline at the end of April was due to the short-term collapse of economic data, and the sharp decline in early November was due to weak investor confidence; What the above-mentioned rounds of exploration have in common is that the impact of external factors leads to the scarcity of investor confidence.</p><p>Of course, after the bottom, A-shares ushered in two rounds of violent rises: from April 27th to July 5th, the Shanghai Composite Index rebounded by 17%, and the Growth Enterprise Market rebounded by 32%; In addition, since November, the Shanghai Composite Index has risen by 7% and the Shenzhen Component Index has risen by 6%.</p><p>Looking forward to 2023,<a href=\"https://laohu8.com/S/601211\">Guotai Junan</a>The latest report points out that the improvement of profit expectations such as the restraining policy shift and post-epidemic opening up, the rising certainty of the internal and external macro environment, and the return space implied by the policy bottom, economic bottom and valuation bottom will push 2023 to become the starting point of a new round of bull market..</p><p>\"Ning Wang\" becomes \"Ning Zi\"? Fall below trillion market capitalization</p><p>In the hottest years of the new energy track, CATL's stock price has soared from 40 yuan to a maximum of 692 yuan per share in 2021, and its market value once exceeded 1.6 trillion yuan.</p><p>But in 2022, the Ningde era failed at the beginning, and its first-quarter financial report fell into the curse of increasing revenue but not increasing profits. At that time, doubts flooded the entire market. On April 20, the stock price of Ningde Times suffered a heavy loss, closing down 7.55% on the same day to 407 yuan per share, with a total market value of 948.7 billion yuan.</p><p><img src=\"https://static.tigerbbs.com/f77a5aa2bafde36e5f23337738a8987e\" tg-width=\"865\" tg-height=\"568\" referrerpolicy=\"no-referrer\"/></p><p>In the following days, CATL's stock price experienced a rebound in June, and then continued its pullback/retracement again in September, currently hovering around 400 yuan.<b>The market value has evaporated by about 600 billion yuan from the peak, which can be called the stock with the most serious market value evaporation of A shares this year.</b></p><p>During this period, CATL handed over financial reports for the second and third quarters that exceeded expectations. Not only did it receive huge orders from BMW and Honda, but it was also preparing to build factories in North America. It can be said that there is constant good news. But this has not completely restored investors' confidence in it. As the \"sky-high price\" of lithium continues to compress the profit margin of batteries, former partners have rebelled one after another, the oversupply of power batteries has begun to emerge, and the competition in the industry is becoming fierce. The era of making money is over.</p><p>Driven by policies, Xinchuang rises in an all-round way</p><p>If there is any sector that is the hottest recently, Xinchuang must be on the list.</p><p>Looking back at the entire month of October, in just 16 trading days, the Wind Xinchuang Industrial Index rose by nearly 12% cumulatively, while the Shanghai Composite Index fell by 4% during the same period.</p><p>Against the background of the hot track, the stock prices of relevant leading companies have soared. Since October,<a href=\"https://laohu8.com/S/002528\">Infineon</a>A cumulative increase of 256%,<a href=\"https://laohu8.com/S/600602\">Yunsai Zhilian</a>With a cumulative rise of nearly 54%, Zhenshitong,<a href=\"https://laohu8.com/S/002315\">Focus Technology</a>, Jiuqi Software,<a href=\"https://laohu8.com/S/600476\">Xiangyou Technology</a>All rose by more than 40%,<a href=\"https://laohu8.com/S/688111\">Kingsoft Office</a>Up more than 31%.</p><p><img src=\"https://static.tigerbbs.com/69c577cad70894876e235c955aefdf29\" tg-width=\"828\" tg-height=\"690\" referrerpolicy=\"no-referrer\"/></p><p>\"Xinchuang\" refers to the information technology application innovation industry, which mainly covers four major sectors: basic hardware, basic software, application software and information security. It is the foundation of data security and network security and an important part of new infrastructure.</p><p><img src=\"https://static.tigerbbs.com/865986dd8258a2f3efc820494ca18a0d\" tg-width=\"865\" tg-height=\"549\" referrerpolicy=\"no-referrer\"/>Since 2006, when the State Council proposed to list core electronic devices, high-end general-purpose chips and basic software products as one of the 16 major scientific and technological projects, the Xinchuang industry has begun to take root. After 2019, the number of relevant policies showed explosive growth, and the development of Xinchuang industry officially ushered in the \"golden three years\".</p><p>The rise of the Xinchuang sector is also driven by policies.</p><p>At the end of September this year, the state issued Document No. 79 to comprehensively guide the development and progress of the state-owned information innovation industry, requiring 100% of central and state-owned enterprises to complete information innovation replacement by 2027, covering chips, basic software, operating systems, middleware and other fields.</p><p>Looking forward to the future, Kaiyuan Securities said,<b>The next five years will be a critical period for the development of \"Daxinchuang\", with broad room for development. In the short term, 2022 is the first year of industry innovation. Starting from 2023, the localization of eight key industries including finance, operators, and electric power is expected to accelerate. At the same time, relevant policy catalysis is expected to be gradually implemented, boosting market confidence.</b></p><p>Global energy is becoming increasingly tight, and \"coal super wind\" is sweeping A-shares</p><p>Coal is definitely the \"most beautiful boy\" among all A-share sectors this year. Taking Shenwan's first-level industry as an example, as of December 29 this year, the Shenwan Coal Industry Index has increased by 10.8% during the year, ranking first among 31 industries. Although the prosperity of the coal sector has declined since the fourth quarter, it is still the only sector that has risen in the first three quarters, and its performance is quite strong.</p><p><img src=\"https://static.tigerbbs.com/f6e2f14dd791d31ce302cc9328f57c5c\" tg-width=\"865\" tg-height=\"522\" referrerpolicy=\"no-referrer\"/></p><p>Among individual stocks,<a href=\"https://laohu8.com/S/600546\">Shanxi Coal International</a>The increase ranked first, with a cumulative increase of nearly 134% during the year;<a href=\"https://laohu8.com/S/000933\">Shenhuo shares</a>、<a href=\"https://laohu8.com/S/601225\">Shaanxi coal industry</a>It rose by more than 70%, Lu'an Environmental Energy, Yankuang Energy, Shanxi Coking Coal, etc. all rose by more than 50%.</p><p><img src=\"https://static.tigerbbs.com/e88a809aaef3b5f928d58e4f1d303cc2\" tg-width=\"780\" tg-height=\"809\" referrerpolicy=\"no-referrer\"/></p><p>It is generally believed that the fundamental reason for the strong performance of the coal sector in the past year lies in the supply imbalance in the context of the energy cycle.</p><p>Changes in the global energy landscape, geopolitical crises and other factors have exacerbated the supply risks in the global energy market, and the \"coal grabbing\" sentiment in the international market has increased accordingly. According to an IEA report, global coal usage will increase by 1.2% this year, with annual usage exceeding 8 billion tons for the first time, exceeding the historical record set in 2013.</p><p>At the same time, domestic coal production hit record highs, driven by demand. Data released by the National Energy Administration shows that the national coal output from January to November was 4.09 billion tons, a year-on-year increase of 9.7% and an increase of 360 million tons over the same period last year.</p><p>In 2021, there will be a \"coal flying dance\", and in 2022, there will be bursts of \"coal super wind\". Will there be \"coal opening three times\" in 2023?</p><p>In this regard,<a href=\"https://laohu8.com/S/600030\">CITIC Securities</a>According to the research report, the current supply of coking coal is tight and the inventory is at an absolute low level in history. With the acceleration of the construction of the subsequent 14th Five-Year Plan project and the marginal improvement of real estate demand, it is expected that the prosperity of the coking coal industry will pick up, which will make the coking coal sector Valuations are ushering in a recovery. At the same time, under the background of global basic energy shortage, thermal coal prices have stabilized at high levels, corporate profits have high certainty, and they have the attributes of high dividends and high Dividend, highlighting long-term investment value. It is expected that the investment logic of the sector in 2023 will mainly be on the demand side, and we are optimistic about the recovery of industry demand in the second half of the year.</p><p>Under the \"valuation system with Chinese characteristics\", the Chinese prefix exploded</p><p>According to Xinhua News Agency, China Securities Regulatory Commission Chairman Yi Huiman said on the 21st of 2022<a href=\"https://laohu8.com/S/000402\">Financial Street</a>At the annual meeting of the Forum<a href=\"https://laohu8.com/S/00170\">China Capital</a>Market construction and development made a speech, specifically pointing out that \"explore the establishment of a valuation system with Chinese characteristics to promote the better function of market resource allocation\".</p><p>Affected by the good news, in the week of November 21, the concept stocks with Chinese prefixes went up across the board when the market was pulling back, and continued to stage a daily limit tide. Judging from the performance in the past two months, the rise of Chinese prefix concept stocks is amazing. Among them, China National Heavy Duty Truck and China Pharmaceutical have risen by more than 40%, and Chinese films,<a href=\"https://laohu8.com/S/600050\">China Unicom</a>, Chinese software has risen by more than 30% cumulatively,<a href=\"https://laohu8.com/S/002116\">China Haicheng</a>、<a href=\"https://laohu8.com/S/600730\">China High-Tech</a>、<a href=\"https://laohu8.com/S/601601\">China Pacific Insurance</a>The cumulative increase has exceeded 20%.</p><p><img src=\"https://static.tigerbbs.com/f178324186b42df872b80e2d2608064d\" tg-width=\"508\" tg-height=\"547\" referrerpolicy=\"no-referrer\"/></p><p>In the traditional valuation system, central enterprises with controllable risks but relatively limited growth are often in a valuation depression, falling into the dilemma of \"better performance\" matching \"worse valuation\". However, under the concept of \"valuation system with Chinese characteristics\", many analysts believe that the intrinsic value of central enterprises may be re-recognized.</p><p><a href=\"https://laohu8.com/S/000776\">GF Securities</a>Dai Kang once stated in a research report that low valuation, high dividends, abundant cash flow, and stable profitability are all significant advantages of central enterprises. He also said that in the past era of globalization, the advantages of \"high profit margins\" and \"high leverage ratios\" supported the 20-year bull growth of US stocks FAANG. Under the current trend of \"anti-globalization\", \"safety\" takes precedence over \"efficiency\", and the \"high profit margin\" advantage of central enterprises also has a lot of room for improvement, which is expected to give birth to China's FAANG.</p><p>Demon King of the Year: 101 trading days, 13 times of interval increase</p><p>During the two A-share bottom out this year, various N-board \"demon stocks\" appeared, such as<a href=\"https://laohu8.com/S/002761\">Zhejiang Jiantou</a>、<a href=\"https://laohu8.com/S/000736\">CCCC Real Estate</a>、<a href=\"https://laohu8.com/S/000756\">Xinhua Pharmaceutical</a>、<a href=\"https://laohu8.com/S/000957\">Zhongtong Bus</a>... But when it comes to the \"king of demons\" in 2022, it must be Jiu'an Medical, the leader in new crown testing.</p><p>On November 7, Jiu'an Medical announced that its subsidiary's new crown antigen home self-test kit was authorized by the US FDA, which kicked off its stock price skyrocketing; Next, a number of large international orders made Jiu'an Medical come up with a shining first-quarter performance report: revenue increased by 66 times year-on-year, and net profit increased by 375 times year-on-year, further pushing the company's stock price to the closing peak of 89.45 yuan.</p><p>Specifically, from the opening on November 15, 2021 to the closing on April 14, 2022, in 101 trading days, Jiu'an Medical has gained 38 daily limit boards. The maximum number of consecutive daily limit days is 9 consecutive boards, and the cumulative increase in the range is as high as an astonishing 1333%.</p><p>From April 15th, this \"demon wind\" began to fade. After the completion of the large order, Jiu'an Medical's performance declined rapidly. In the second quarter, its revenue and net profit both fell by more than 90% month-on-month, and continued to decline by more than 10% month-on-month in the third quarter. Without the support of performance, the company's stock price has been falling all the way, and now it has a pullback/retracement of nearly 42% from a historical high.</p><p><img src=\"https://static.tigerbbs.com/621d1d6c633b5c6d42786300f6dba7dc\" tg-width=\"865\" tg-height=\"652\" referrerpolicy=\"no-referrer\"/></p><p>As far as the performance in the first three quarters of this year is concerned, Jiu'an Medical's revenue increased by 3,000% year-on-year, and its net profit increased by 32,000% year-on-year, far exceeding other concept stocks in terms of scale and speed. In addition, Jiu'an Medical received another large order from the United States in November, and its rapid growth performance is expected to continue in the fourth quarter.</p><p>However, it is worth noting that with the continuous optimization of COVID-19 pandemic prevention and control measures in China, the normalization of epidemic prevention and control policies in the European and American markets, and the rapid decline in demand for nucleic acid testing, can Jiu'an Medical's performance and stock price return to their peak?</p><p>6 billion in 45 days, Hendi Pharmaceuticals made money with ibuprofen</p><p>Recently, ibuprofen is hard to find, making Hendi Pharmaceutical, the second largest ibuprofen raw material drug company in China, once the darling of the capital market.</p><p>From November 24th to December 16th, in less than a month, the stock price of Hendi Pharmaceuticals soared from 23.65 yuan to 55.63 yuan, almost doubling.</p><p><img src=\"https://static.tigerbbs.com/61bb59abcab626549c6d3774767d7f3b\" tg-width=\"865\" tg-height=\"772\" referrerpolicy=\"no-referrer\"/></p><p>The stock price continues to rise, and the family of Liu Yiqian, the actual controller of Hendi Pharmaceuticals, has increased its book wealth by nearly 6 billion yuan in just 45 days, which is really a profit.</p><p>But in fact,<b>The performance of Hendi Pharmaceuticals over the past year has not been satisfactory.</b>Due to the continued decline in revenue from ibuprofen APIs, the company's net profit attributable to the parent company in 2021 will decrease by 28% year-on-year, while it will continue to decline by 21% in the first three quarters of this year.</p><p>At present, the upstream supply of raw materials for ibuprofen is sufficient, and raw material manufacturers also have sufficient production capacity. However, the competition in the industry is still fierce. I believe that the dividends of the new crown antipyretics will not last too long.</p><p>Smart capital markets have long realized this,<b>Hendy Pharmaceutical's share price quickly pulled back after peaking. Up to now, it has dropped by nearly 38% from its high point on the 16th. In addition, the share price of Xinhua Pharmaceutical, the largest ibuprofen raw material factory in China, has dropped by nearly 35% from its high point in mid-December.</b></p><p>The company behind \"A Sheep\": earned 1 billion and paid 1 billion in dividends</p><p>In 2022, this casual mini-game with simple gameplay but extremely high difficulty coefficient will become a mess, and Gigabit, a listed company behind it, will become the focus of market attention.</p><p><img src=\"https://static.tigerbbs.com/81c11e46e95378b8e1339f10fd72b425\" tg-width=\"581\" tg-height=\"467\" referrerpolicy=\"no-referrer\"/></p><p>According to public information, Gigabit was established in 2004 and is mainly engaged in the planning, research and development and operation of online games. Its representative works include \"Asking\", \"Moore Manor\", \"One Thought of Happiness\" and \"Obi Island\".</p><p>Gigabit holds a 20% stake in Beijing Jianyou Technology Co., Ltd., the developer of Sheep, but the profit of the game has little impact on the company's overall financial affairs. Therefore, although \"A Sheep\" has brought a lot of exposure to Gigabit, it still cannot drive its stock price up. On the contrary, its share price has fallen by more than 22% from its highs in early January.</p><p><img src=\"https://static.tigerbbs.com/f93eb4ce4bdd561f48b9a5a2da9fc99c\" tg-width=\"1024\" tg-height=\"775\" referrerpolicy=\"no-referrer\"/></p><p><b>What really makes Gigabit out of the circle is the extremely luxurious \"clearance dividend\".</b></p><p>On October 26, Gigabit released its third quarter financial report. The financial report shows that Gigabit's net profit in the first three quarters was 1.012 billion yuan, a year-on-year decrease of 16.07%. At the same time, a profit distribution plan was announced, that is, a cash dividend of 140 yuan (tax included) will be distributed for every 10 shares, with a total cash dividend of 1.006 billion yuan (tax included).</p><p>In other words,<b>Gigabit, whose net profit declined, split all three quarters of profits in one go. After the announcement of the large-scale dividend plan, Gigabit's stock price rose from 241.33 yuan/share that day to 335.35 yuan/share on November 17.</b></p><p>It is worth noting that Lu Hongyan, the actual controller and chairman of Gigabit, received about 303 million yuan in cash through this dividend, accounting for 30.1% of the total dividends. In addition, the top ten shareholders such as Gigabit Vice Chairman Chen Tuolin and Huang Zhihui can also receive dividends of approximately 155 million yuan.</p><p>What's even more shocking is that large cash dividends are not uncommon for Gigabit. As the \"Maotai in the game industry\", Gigabit once distributed 160 yuan in 10 yuan last year, with a total cash of 1.15 billion yuan.</p><p>Are A-shares about to usher in the Web3.0 era?</p><p>When the Internet industry as a whole is sluggish, the concept of Web3.0 is extremely popular.</p><p>On the one hand, it is reported that the post-00s generation is crazily pouring into Web3.0 and making it the first choice for careers. On the other hand, venture capital institutions are betting heavily on Web3. At that time, Stephen Chow wrote \"Looking for distinctive and outstanding Web3.0 talents in the dark\" The recruitment advertisement has added another fire to Web3.0. When this craze poured into A-shares, a Web3.0 track worth hundreds of billions was born.</p><p><img src=\"https://static.tigerbbs.com/5bab76da8c6f2483abafbc0cbfae6309\" tg-width=\"827\" tg-height=\"1454\" referrerpolicy=\"no-referrer\"/></p><p>Since November,<b>Web3.0 concept stocks continue to be active, and the limelight is unique.</b>Related concept stocks<a href=\"https://laohu8.com/S/002235\">Anne Shares</a>In the past two months, it has increased by nearly 83%.<a href=\"https://laohu8.com/S/002995\">World Online</a>A cumulative increase of 77%,<a href=\"https://laohu8.com/S/300051\">35 Internet</a>A cumulative increase of 65%,<a href=\"https://laohu8.com/S/300071\">Fushi Holdings</a>A cumulative increase of 45%,<a href=\"https://laohu8.com/S/300364\">Chinese Online</a>A cumulative increase of 42%.</p><p>According to the description of technology entrepreneur and investor Chris Dixon, Web3.0 is an Internet of builders and users. Jiangxia, a researcher at research institute Messari, described Web3.0 as \"readable + writable + owned\". Zhu Zhu, an analyst in the Internet media industry of Huaxin Securities, explained that in the era of Web3.0, users will enjoy real data autonomy and can really benefit from data circulation and transactions, so that their data is no longer a free resource of the Internet platform.</p><p>Europeans bought Chinese electric blankets and other \"eight-piece winter sets\" to lead flying industrial chain companies</p><p>In order to survive this winter of energy shortage, European consumers have turned their attention to China's \"heating artifact\".</p><p>Electric blankets, bare-legged artifacts, autumn clothes and autumn trousers, flannel pajamas, hot water bottles, hand warmers, heaters and turtleneck sweaters, the traditional Chinese \"eight-piece winter set\" have all been bought by Europeans. Surprisingly, heating concept stocks were also \"bought up\" by Chinese investors.<a href=\"https://laohu8.com/S/003023\">Rainbow Group</a>Is the biggest \"lucky one\" among them.</p><p>Rainbow Group's stock price rose sharply from 18.04 yuan on August 31 to 40.70 yuan at the close on October 14, and its market value also climbed from 1.884 billion yuan in early September to 4.290 billion yuan. Moreover, Rainbow Group achieved 8 daily limits in the 12 trading days since September 21st, and hit an all-time high on October 14th.</p><p><img src=\"https://static.tigerbbs.com/f68047153f35b980b47b8409ae41aab5\" tg-width=\"865\" tg-height=\"727\" referrerpolicy=\"no-referrer\"/></p><p>The amazing performance also attracted a letter of concern from Shenzhen Stock Exchange. On the evening of October 13, Rainbow Group responded to the letter of concern from the Shenzhen Stock Exchange, saying that in 2022, the company will receive some product export orders, and the overall quantity is small and the amount is low. As of the end of June, Rainbow Group had achieved overseas sales revenue of 210,000 yuan of household flexible heating products such as electric blankets, and the current order amount in hand is about 1.33 million yuan.</p><p>After Rainbow Group responded to the letter of concern, the company's stock price continued to fall, and so far it has spit out most of the gains.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3678760\">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/c3b4a781f9c48e25cb027cb85e338c75","relate_stocks":{},"source_url":"https://wallstreetcn.com/articles/3678760","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2295318833","content_text":"跌宕起伏，好戏不断！A股刚刚结束2022年的交易日。过去这一年，在美联储加息、俄乌冲突以及供应链等利空因素的夹击下，A股年内两度探底，四度跌破3000点。截止12月30日收盘，上证指数今年累计下跌超过15%，深成指跌幅接近26%，创业板指跌逾29%。除煤炭板块表现强势外，A股绝大多数板块均遭到不同程度的冲击。随着“三支箭”落地，房地产近期迎来了强势反弹，不过最终还是未能在年内扭转跌势；年内拿出不错财务成绩的白酒行业，表现也不太乐观。但值得安慰的是，事关国家安全的信创行业、火爆的Web3.0在资本市场取得了不俗的成绩，在“中国特色估值体系”的指引下，低估值的中字头公司也迎来了久违的爆发。从微观来看，贵州茅台仍是A股市值最高公司，锂电之王宁德时代风光不再，年内市值已跌破万亿，九安医疗则登上年度最大妖股宝座，101个交易日涨幅高达13倍。随着国内持续优化疫情防控政策，亨迪药业等退烧药概念股迎来一波大涨。《羊了个羊》关联上市公司吉比特因“清仓式分红”成为全网吃瓜对象。两次触底，两次反弹多因素共同作用下，A股今年出现两次探底回升。第一次探底始于年初，沪指从1月初的3651.89点高位下跌至4月27日的2863.65点，耗时3个半月，其他主要指数全线下跌，深成指累跌近28%，创业板累跌逾35%。第二次探底发生在年中，沪指从7月5日开启跌势，直至10月31日跌至2893点，其他主要股指再度全线下跌。深究A股下挫的原因，钜融资产投资总监王雷向经济观察报表示，沪指3月中出现踩踏行情，主因俄乌冲突叠加美方发难中概股审计事宜，4月末重跌则是因经济数据短期坍塌，11月初急挫则是投资者信心孱弱；上述几轮下探的共同点都在于外部因素冲击导致投资者信心稀缺。当然，探底之后A股则迎来了两轮暴力上涨：4月27日至7月5日，沪指累计反弹了17%，创业板累计反弹了32%；另外，11月以来，沪指累计上涨了7%，深成指累计上涨了6%。展望2023年，国泰君安最新报告指出，抑制性政策转向与疫后开放等盈利预期改善、内外宏观环境确定性上升以及政策底、经济底和估值底隐含的回报空间等将推动2023年成为新一轮牛市的起点。“宁王”变“宁子”？跌破万亿市值在新能源赛道最火爆的那几年，宁德时代股价从40元一路高歌猛进，到2021年涨至最高692元/股，市值一度突破1.6万亿元。但到了2022年，宁德时代开局即失利，一季度财报陷入了增收不增利的魔咒，彼时质疑声充斥着整个市场。4月20日，宁德时代股价遭遇重创，当日收跌7.55%，报407元/股，总市值9487亿元，这是自2021年5月登顶万亿后，宁德时代市值首次跌破万亿。在接下来的日子里，宁德时代股价经历了6月的回光返照，然后在9月份再次持续回撤，目前在400元附近徘徊，市值较峰值蒸发了约6000亿元左右，堪称A股今年市值蒸发最严重的股票。在其此期间，宁德时代交出了超预期的二三季度财报，不仅拿到了宝马、本田的超大订单，还准备在北美建厂，可谓好消息不断。但这并未能彻底挽回投资者对它的信心，随着 “天价”锂不断压缩电池利润空间，往日的合作伙伴接连反水，动力电池供应过剩初现端倪，行业竞争走向白热化，躺着赚钱的时代已经结束。政策驱动下，信创全面崛起如果说近期什么板块最火爆，信创一定榜上有名。回看整个十月份，仅仅16个交易日，万得信创产业指数累计涨幅接近12%，而同期沪指却跌了4%。在整个赛道火热的背景下，相关龙头股价一飞冲天。10月以来，英飞拓累涨256%，云赛智联累涨近54%，真视通、焦点科技、久其软件、湘邮科技均涨超40%，金山办公涨超31%。“信创”即信息技术应用创新产业，主要涵盖基础硬件、基础软件、应用软件、信息安全四大板块，是数据安全、网络安全的基础，也是新基建的重要组成部分。自2006年国务院将提出将核心电子器件、高端通用芯片及基础软件产品列为16个重大科技专项之一以来，信创产业开始生根发芽。2019年之后，相关政策数量呈现爆发式增长，信创产业的发展正式迎来“黄金三年”。本次信创板块的崛起，也正是由政策所驱动。今年9月底国家下发79号文，全面指导国资信创产业发展和进度，要求到2027年央企国企100%完成信创替代，替换范围涵盖芯片、基础软件、操作系统、中间件等领域。展望未来，开源证券表示，未来五年是“大信创”发展的关键时期，发展空间广阔。短期来看，2022年是行业信创的元年，从2023年开始，金融、运营商、电力等八大关键行业的国产化有望加速。同时，相关政策催化有望逐渐落地，提振市场信心。全球能源愈发紧俏，“煤超风”席卷A股煤炭绝对是今年A股所有板块中“最靓的仔”。以申万一级行业为例，今年截至12月29日，申万煤炭行业指数年内累计上涨10.8%，涨幅在31个行业中位居首位。虽然四季度以来，煤炭板块的景气度有所下行，但仍是前三季度唯一上涨的板块，表现相当强劲。个股中，山煤国际涨幅居首，年内累计上涨近134%；神火股份、陕西煤业涨超70%，潞安环能、兖矿能源、山西焦煤等均涨超50%。普遍认为，煤炭板块过去一年表现强势的根本原因在于能源大周期背景下的供给失衡。全球能源格局的转变、地缘政治危机等因素加剧全球能源市场的供给风险，国际市场“抢煤”情绪随之升温。据IEA报告显示，今年全球煤炭使用量将增长1.2%，年度使用量首次超过80亿吨，超过了2013年创下的历史记录。与此同时，国内煤炭产量在需求的推动下创下历史新高。国家能源局公布的数据显示，1-11月全国煤炭产量40.9亿吨，同比增长9.7%，比去年同期增加3.6亿吨。2021年上演“煤飞色舞”，2022年刮起阵阵“煤超风”，2023年是否会“煤开三度”?对此，中信证券在研报中表示，当前焦煤供给偏紧、且库存处于历史绝对低位，在后续十四五项目建设加快推进、地产需求边际改善的情形下，预计焦煤行业景气度将有所回暖，进而使焦煤板块估值迎来修复。同时全球基础能源不足的背景下，动力煤价格高位企稳、企业利润具有高确定性，兼具高分红、高股息属性，长期投资价值凸显。预计2023年板块投资逻辑主要在需求端，看好下半年行业需求的恢复。“中国特色估值体系”下，中字头爆发据新华社报道，证监会主席易会满21日在2022金融街论坛年会上对中国资本市场建设和发展作了讲话，特别指出“探索建立具有中国特色的估值体系，促进市场资源配置功能更好发挥”。受该利好消息影响，11月21日当周，中字头概念股在大盘回调之际全线上攻，连续上演涨停潮。从近两个月表现来看，中字头概念股涨势十分惊人，其中中国重汽、中国医药累计涨逾40%，中国电影、中国联通、中国软件累计涨逾30%，中国海诚、中国高科、中国太保累计涨逾20%。在传统的估值体系中，风险可控但成长性相对有限的央企往往身处估值洼地，陷入“更好业绩”匹配“更差估值”的窘境。但在“中国特色的估值体系”概念之下，不少分析师认为，央企的内在价值或将得到重新认识。广发证券戴康曾在研报中表示，低估值、高分红、现金流充沛、盈利稳定性等均为央企的显著优势。他还表示，在过去的全球化时代，“高利润率”和“高杠杆率”优势支撑美股FAANG的20年长牛。当前“逆全球化”大趋势下，“安全”优先于“效率”，央企的“高利润率”优势也有很大的提升空间，有望诞生出中国的FAANG。年度妖王：101个交易日，区间涨幅13倍在今年A股两次触底反弹的过程中，出现了各种N连板的“妖股”，比如浙江建投、中交地产、新华制药、中通客车……但当说起2022年的“妖中之王”时，非新冠检测龙头九安医疗莫属。11月7日，九安医疗公告称旗下子公司的新冠抗原家用自测试剂盒获美国FDA授权的公告，拉开了其股价暴涨的序幕；接下来，多份国际大单让九安医疗拿出了闪亮十足的一季度业绩报告：营收同比大增66倍，净利润同比增375倍，进一步把公司股价推上89.45元的收盘巅峰。具体来看，从2021年11月15日开盘到2022年4月14日收盘，101个交易日，九安医疗足足收获了38个涨停板，最大连续涨停天数为9连板，区间累计涨幅高达惊人的1333%。4月15日起，这股“妖风”便开始消退。在大单完成后，九安医疗业绩快速下滑，二季度营收、净利润均环比下滑超过90%，三季度继续环比下滑超过10%。没了业绩的支撑，公司股价一路走低，目前已从历史高位回撤近42%。就今年前三季表现而言，九安医疗营收同比增长3000%，净利润同比增长32000%，无论从规模上还是从速度上都远超其他概念股。另外，九安医疗11月再获美国大额订单，其高速增长的业绩有望在四季度持续。但值得注意的是，随着国内持续优化新冠疫情防控措施，欧美市场疫情防控政策趋向常态化，核酸检测需求快速回落的前景下，九安医疗的业绩与股价还能重回巅峰吗？45天60亿，亨迪药业靠布洛芬赚麻了近期布洛芬的一片难求，让国内第二大布洛芬原料药企业亨迪药业一度成为资本市场的宠儿。从11月24日至12月16日，不到一个月的时间，亨迪药业股价从23.65元飙升至55.63元，几乎翻了一番。股价持续走高，也让亨迪药业实控人刘益谦家族在短短45天内增加了近60亿元的账面财富，真可谓赚麻了。但事实上，亨迪药业上市一年多来的业绩表现并不理想。由于营收大头布洛芬类原料药收入持续下滑，公司2021年归母净利润同比减少28%，而今年前三季度继续下降21%。目前布洛芬上游原料供应充足，原料厂商也有足够的产能，而行业竞争依旧激烈，相信新冠退烧药的红利也不会持续太长时间。精明的资本市场也早已意识到这一点，亨迪药业股价触顶后迅速回调，截至目前已从16日的高点下跌近38%，此外，国内最大布洛芬原料厂新华制药股价已从12月中旬的高点下跌近35%。《羊了个羊》背后公司：赚了10个亿，分红10个亿2022年，这款玩法简单但难度系数极高的休闲小游戏火得一塌糊涂，也让其背后的一家上市公司吉比特成了市场关注的焦点。公开资料显示，吉比特成立于2004年，主要从事网络游戏的策划、研发及运营，代表作有《问道》《摩尔庄园》《一念逍遥》《奥比岛》。吉比特持有《羊了个羊》研发商北京简游科技有限公司20%的股权，但该游戏的盈利对公司整体财务影响程度不大。因此《羊了个羊》虽然为吉比特带来了不少的曝光度，但仍无法带动其股价上涨。相反，其股价已经从1月初的高点已经跌去了超过22%。真正令吉比特出圈的是豪到极致的“清仓式分红”。10月26日，吉比特发布了三季度财报。财报显示，吉比特前三季度净利润10.12亿元，同比减少16.07％。同时公布的还有利润分配预案，即每10股派发现金红利140元(含税)，合计派发现金红利10.06亿元（含税）。也就是说，净利润下滑的吉比特一口气将三个季度的利润全部分光了。大手笔分红预案公布后，吉比特股价一路从当日的241.33元/股走高至11月17日的335.35元/股。值得关注的是，吉比特实控人、董事长卢竑岩通过此次分红获得约3.03亿元的现金，占全部分红的30.1%。此外，吉比特副董事长陈拓琳、黄志辉等前十大股东也能获得约1.55亿元的分红。更令人惊掉下巴的是，大手笔的现金分红对于吉比特而言并不罕见。作为“游戏界的茅台”，吉比特曾在去年10派160元，共计派现11.50亿元。A股要迎来Web3.0时代？互联网行业整体不振之际，Web3.0概念却异常火爆。一边是报道称00后疯狂涌入Web3.0，并将其作为职业首选，另一边是风投机构纷纷重金押注Web3，彼时周星驰一则“在漆黑中找寻鲜明出众的Web3.0人才”的招聘广告，更是为Web3.0再添了一把火。而当这股热潮涌入A股时，一条价值千亿的Web3.0赛道横空出世。自11月开始，Web3.0概念股持续活跃，风头独步一时。相关概念股安妮股份两个月来累计涨近83%，天地在线累涨77%，三五互联累涨65%，福石控股累涨45%，中文在线累涨42%。根据科技创业者兼投资人Chris Dixon的描述，Web3.0是一个建设者和用户的互联网，研究机构Messari研究员江下则把Web3.0描述为“可读+可写+拥有”。华鑫证券互联网传媒行业分析师朱珠解释称，Web3.0时代，用户将享有真正的数据自主权，可以在数据流转和交易中真正获益，使自己的数据不再是互联网平台的免费资源。欧洲人买爆中国电热毯等“过冬八件套”，带飞产业链公司为了熬过这个能源短缺的冬天，欧洲消费者纷纷把目光投向了投向中国的“取暖神器”。电热毯、光腿神器、秋衣秋裤、法兰绒睡衣、热水袋、暖手宝、取暖器和高领毛衣，中国传统的 “过冬八件套”通通被欧洲人爆买。意外的是，取暖概念股也被中国股民“买爆”，彩虹集团就是其中最大的“幸运儿”。彩虹集团股价从8月31日的18.04元大涨至10月14日收盘的40.70元，市值也从9月初的18.84亿元攀升至了42.90亿元。而且彩虹集团在自9月21日之后的12个交易日中斩获8个涨停板，并在10月14日一举创下历史最高价。惊人表现也引来了深交所的关注函。10月13日晚间，彩虹集团回复深交所关注函称，2022年，公司获得一些产品出口订单，总体上数量少金额低。彩虹集团截至6月底，电热毯等家用柔性取暖产品实现海外销售收入21万元，目前在手订单金额约133万元。在彩虹集团回复关注函后，公司股价便持续走低，截至目前已吐出大部分涨幅。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":2500,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9928409076,"gmtCreate":1671332462495,"gmtModify":1676538525422,"author":{"id":"3568697814695599","authorId":"3568697814695599","name":"HCBICE","avatar":"https://static.tigerbbs.com/b4851c4a27e84de19dd126ece72f2e29","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3568697814695599","idStr":"3568697814695599"},"themes":[],"htmlText":"[财迷]&nbsp;[财迷]&nbsp;","listText":"[财迷]&nbsp;[财迷]&nbsp;","text":"[财迷] [财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9928409076","repostId":"1173145906","repostType":4,"repost":{"id":"1173145906","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":1671203311,"share":"https://ttm.financial/m/news/1173145906?lang=en_US&edition=fundamental","pubTime":"2022-12-16 23:08","market":"us","language":"zh","title":"New energy vehicle stocks rose, Nikola rose more than 10%, Tesla fell","url":"https://stock-news.laohu8.com/highlight/detail?id=1173145906","media":"老虎资讯综合","summary":"美股新能源车股走高，截至发稿，Nikola涨超10%，小鹏汽车涨超7%，理想汽车涨超4%，Lordstown Motors涨超3%。不过，特斯拉跌1.8%。","content":"<p><html><head></head><body>U.S. new energy vehicle stocks rose. As of press time, Nikola rose more than 10%.<a href=\"https://laohu8.com/S/XPEV\">XPeng vehicles</a>Rose more than 7%,<a href=\"https://laohu8.com/S/LI\">Li Auto</a>It rose more than 4%, and Lordstown Motors rose more than 3%. However,<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>It fell 1.8%.</p><p><img src=\"https://static.tigerbbs.com/75a07af55c74528115518f4a5c07df47\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/></p><p></body></html></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>New energy vehicle stocks rose, Nikola rose more than 10%, Tesla fell</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\">\nNew energy vehicle stocks rose, Nikola rose more than 10%, Tesla fell\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2022-12-16 23:08</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>U.S. new energy vehicle stocks rose. As of press time, Nikola rose more than 10%.<a href=\"https://laohu8.com/S/XPEV\">XPeng vehicles</a>Rose more than 7%,<a href=\"https://laohu8.com/S/LI\">Li Auto</a>It rose more than 4%, and Lordstown Motors rose more than 3%. However,<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>It fell 1.8%.</p><p><img src=\"https://static.tigerbbs.com/75a07af55c74528115518f4a5c07df47\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/></p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/9a3e252cf47633203f1bca58d691ff6f","relate_stocks":{"TSLA":"特斯拉","XPEV":"小鹏汽车","LI":"理想汽车"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173145906","content_text":"美股新能源车股走高，截至发稿，Nikola涨超10%，小鹏汽车涨超7%，理想汽车涨超4%，Lordstown Motors涨超3%。不过，特斯拉跌1.8%。","news_type":1,"symbols_score_info":{"NKLA":0.9,"RIDE":0.9,"TSLA":0.9,"XPEV":0.9,"LI":0.9}},"isVote":1,"tweetType":1,"viewCount":2813,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9967923928,"gmtCreate":1670251756164,"gmtModify":1676538329674,"author":{"id":"3568697814695599","authorId":"3568697814695599","name":"HCBICE","avatar":"https://static.tigerbbs.com/b4851c4a27e84de19dd126ece72f2e29","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3568697814695599","idStr":"3568697814695599"},"themes":[],"htmlText":"[财迷]&nbsp;","listText":"[财迷]&nbsp;","text":"[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9967923928","repostId":"1144881783","repostType":4,"isVote":1,"tweetType":1,"viewCount":2770,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9965062988,"gmtCreate":1669858547245,"gmtModify":1676538257856,"author":{"id":"3568697814695599","authorId":"3568697814695599","name":"HCBICE","avatar":"https://static.tigerbbs.com/b4851c4a27e84de19dd126ece72f2e29","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3568697814695599","idStr":"3568697814695599"},"themes":[],"htmlText":"[财迷]&nbsp;","listText":"[财迷]&nbsp;","text":"[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9965062988","repostId":"2288613792","repostType":4,"isVote":1,"tweetType":1,"viewCount":2041,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9962875867,"gmtCreate":1669765876660,"gmtModify":1676538237555,"author":{"id":"3568697814695599","authorId":"3568697814695599","name":"HCBICE","avatar":"https://static.tigerbbs.com/b4851c4a27e84de19dd126ece72f2e29","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3568697814695599","idStr":"3568697814695599"},"themes":[],"htmlText":"[财迷]&nbsp;","listText":"[财迷]&nbsp;","text":"[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9962875867","repostId":"2287507941","repostType":4,"repost":{"id":"2287507941","kind":"highlight","pubTimestamp":1669764127,"share":"https://ttm.financial/m/news/2287507941?lang=en_US&edition=fundamental","pubTime":"2022-11-30 07:22","market":"us","language":"zh","title":"Goldman Sachs: It is expected that the probability of OPEC cutting crude oil production is very high, and oil prices will reach US $110 next year","url":"https://stock-news.laohu8.com/highlight/detail?id=2287507941","media":"华尔街见闻","summary":"高盛预测，在通胀依然维持高位、经济衰退迹象越来越明显、多个原油进口国需求陡降以及欧盟寻求对俄罗斯原油制定价格上限之际，OPEC+极有可能采取进一步措施来阻止油价下跌并试图平衡市场供需。","content":"<p><html><head></head><body>Goldman Sachs predicts that as inflation remains high, signs of economic recession become increasingly obvious, demand from many crude oil importing countries plummets, and the European Union seeks to set a price cap on Russian crude oil, OPEC + is likely to take further measures to stop oil prices falling and try to balance market supply and demand. Tuesday, November 29th,<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>It is forecast that as inflation remains high, signs of economic recession become increasingly obvious, demand from many crude oil importing countries plummets, and the European Union seeks to set a price cap on Russian crude oil, OPEC + is likely to take further measures to stop oil prices falling and try to balance market supply and demand.</p><p>Jeff Currie, global head of commodities at Goldman Sachs, said on Tuesday that a variety of factors led the bank to cut its oil price forecast in recent months:</p><p>First, the dollar. What is the definition of inflation? Too much money chasing too little merchandise. The second factor is Russian crude oil. Russia is working hard to bring its own crude oil to the market before the price cap takes effect on December 5. Currie said he was \"very optimistic\" about the medium-term oil outlook in 2023 and that Goldman Sachs would \"stick to its ground\" with a forecast of $110 a barrel for Brent next year.</p><p>This means that compared with the current price of about 85 US dollars per barrel, there is still nearly 30% room for oil prices to rise next year.</p><p><img src=\"https://static.tigerbbs.com/53a2f18b009821da60eeea7f4ad30f8c\" tg-width=\"1024\" tg-height=\"674\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>However, Currie also acknowledged that there is \"a lot of uncertainty\" ahead.</p><p>Brent crude oil futures prices soared after the outbreak of geopolitical conflicts in Eastern Europe in February this year, and remained above $110 for a long time from March to June, and reached above $120 many times. Then the price began to gradually decline.</p><p>OPEC agreed in early October to cut production by 2 million barrels per day starting in November. At that time, this move drew strong dissatisfaction from the United States, which had asked OPEC to maintain or even increase production to ease U.S. inflation and help the global economy recover.</p><p>OPEC + recently hinted that it may implement deeper production cuts to stimulate a recovery in crude oil prices.</p><p>On Monday, media reports said Saudi Arabia and other oil producers were considering announcing new production cuts at the upcoming OPEC + meeting amid a slowdown in global crude oil demand.</p><p>Earlier on Monday, the consulting firm<a href=\"https://laohu8.com/S/600697\">Eurasia Group</a>According to a report, due to the recent sharp drop in international crude oil prices, OPEC + plans to \"seriously consider\" the possibility of introducing new production reduction measures at its next regular meeting in early December:</p><p>Given overall market conditions, OPEC will seriously consider new production cuts at its upcoming meeting, especially if crude oil prices fall well below current levels next week. Ultimately, the decision will depend on the trend of oil prices at the time of the OPEC + meeting and the extent of disruption EU sanctions will cause to the market. Last week, Saudi Arabia denied that OPEC + members would discuss the option of increasing production. Saudi Energy Minister Prince Abdulaziz bin Salman said that OPEC + was \"ready to intervene\" if it was needed to \"balance supply and demand\", further reducing supply.</p><p></body></html></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>Goldman Sachs: It is expected that the probability of OPEC cutting crude oil production is very high, and oil prices will reach US $110 next year</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: It is expected that the probability of OPEC cutting crude oil production is very high, and oil prices will reach US $110 next year\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\">2022-11-30 07:22</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Goldman Sachs predicts that as inflation remains high, signs of economic recession become increasingly obvious, demand from many crude oil importing countries plummets, and the European Union seeks to set a price cap on Russian crude oil, OPEC + is likely to take further measures to stop oil prices falling and try to balance market supply and demand. Tuesday, November 29th,<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>It is forecast that as inflation remains high, signs of economic recession become increasingly obvious, demand from many crude oil importing countries plummets, and the European Union seeks to set a price cap on Russian crude oil, OPEC + is likely to take further measures to stop oil prices falling and try to balance market supply and demand.</p><p>Jeff Currie, global head of commodities at Goldman Sachs, said on Tuesday that a variety of factors led the bank to cut its oil price forecast in recent months:</p><p>First, the dollar. What is the definition of inflation? Too much money chasing too little merchandise. The second factor is Russian crude oil. Russia is working hard to bring its own crude oil to the market before the price cap takes effect on December 5. Currie said he was \"very optimistic\" about the medium-term oil outlook in 2023 and that Goldman Sachs would \"stick to its ground\" with a forecast of $110 a barrel for Brent next year.</p><p>This means that compared with the current price of about 85 US dollars per barrel, there is still nearly 30% room for oil prices to rise next year.</p><p><img src=\"https://static.tigerbbs.com/53a2f18b009821da60eeea7f4ad30f8c\" tg-width=\"1024\" tg-height=\"674\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>However, Currie also acknowledged that there is \"a lot of uncertainty\" ahead.</p><p>Brent crude oil futures prices soared after the outbreak of geopolitical conflicts in Eastern Europe in February this year, and remained above $110 for a long time from March to June, and reached above $120 many times. Then the price began to gradually decline.</p><p>OPEC agreed in early October to cut production by 2 million barrels per day starting in November. At that time, this move drew strong dissatisfaction from the United States, which had asked OPEC to maintain or even increase production to ease U.S. inflation and help the global economy recover.</p><p>OPEC + recently hinted that it may implement deeper production cuts to stimulate a recovery in crude oil prices.</p><p>On Monday, media reports said Saudi Arabia and other oil producers were considering announcing new production cuts at the upcoming OPEC + meeting amid a slowdown in global crude oil demand.</p><p>Earlier on Monday, the consulting firm<a href=\"https://laohu8.com/S/600697\">Eurasia Group</a>According to a report, due to the recent sharp drop in international crude oil prices, OPEC + plans to \"seriously consider\" the possibility of introducing new production reduction measures at its next regular meeting in early December:</p><p>Given overall market conditions, OPEC will seriously consider new production cuts at its upcoming meeting, especially if crude oil prices fall well below current levels next week. Ultimately, the decision will depend on the trend of oil prices at the time of the OPEC + meeting and the extent of disruption EU sanctions will cause to the market. Last week, Saudi Arabia denied that OPEC + members would discuss the option of increasing production. Saudi Energy Minister Prince Abdulaziz bin Salman said that OPEC + was \"ready to intervene\" if it was needed to \"balance supply and demand\", further reducing supply.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3676212\">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/5a4a666a090d4f1214e1749db962100a","relate_stocks":{},"source_url":"https://wallstreetcn.com/articles/3676212","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2287507941","content_text":"高盛预测，在通胀依然维持高位、经济衰退迹象越来越明显、多个原油进口国需求陡降以及欧盟寻求对俄罗斯原油制定价格上限之际，OPEC+极有可能采取进一步措施来阻止油价下跌并试图平衡市场供需。11月29日周二，高盛预测，在通胀依然维持高位、经济衰退迹象越来越明显、多个原油进口国需求陡降以及欧盟寻求对俄罗斯原油制定价格上限之际，OPEC+极有可能采取进一步措施来阻止油价下跌并试图平衡市场供需。高盛全球大宗商品主管Jeff Currie周二表示，多种因素导致该行下调了近几个月的油价预测：首先是美元。通货膨胀的定义是什么？太多的钱追逐太少的商品。第二个因素俄罗斯原油，俄罗斯正在努力在12月5日的价格上限生效之前，把自己的原油推向市场。Currie表示，他对2023年的中期石油前景“非常乐观”，高盛将“坚持其立场”，对明年布伦特原油的预测为每桶110美元。这意味着，和当前大约85美元每桶的价格相比，明年油价还有近30%的上涨空间。然而，Currie也承认，未来存在“很多不确定性”。布伦特原油期货价格在今年2月份东欧地缘冲突爆发后飙涨，并在3月至6月长时间维持在110美元上方，并多次达到120美元上方。随后价格开始逐步走低。OPEC+在10月初同意，从11月开始，每天减产200万桶，当时这一举措招致美国的强烈不满，因为美国曾要求OPEC+维持产量甚至增产以缓解美国通胀，并帮助全球经济复苏。OPEC+最近暗示可能实施更大幅度的减产以刺激原油价格回升。周一，媒体报道称，在全球原油需求放缓的情况下，沙特和其他产油国考虑在即将召开的OPEC+会议上宣布新的减产措施。周一早些时候，咨询公司欧亚集团在一份报告中表示，因近期国际原油价格已出现大幅回落，OPEC+拟在12月初举行的下一次例会上“严肃地考虑”出台新减产措施的可能性：鉴于整体市场状况，OPEC+将在即将召开的会议上严肃地考虑新的减产措施，特别是如果原油价格在下周跌至远低于当前水平的情况下。最终，该决定将取决于OPEC+会议时油价的走势，以及欧盟制裁对市场造成的破坏程度。上周，沙特阿拉伯否认OPEC+成员国将讨论增产这一选项，沙特能源大臣阿卜杜勒阿齐兹·本·萨勒曼亲王表示，如果需要“平衡供需”，OPEC+“准备好进行干预”，进一步减少供应。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":3320,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9966672840,"gmtCreate":1669531080481,"gmtModify":1676538205514,"author":{"id":"3568697814695599","authorId":"3568697814695599","name":"HCBICE","avatar":"https://static.tigerbbs.com/b4851c4a27e84de19dd126ece72f2e29","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3568697814695599","idStr":"3568697814695599"},"themes":[],"htmlText":"[财迷]&nbsp;","listText":"[财迷]&nbsp;","text":"[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9966672840","repostId":"1108771392","repostType":4,"isVote":1,"tweetType":1,"viewCount":3453,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9966672304,"gmtCreate":1669531053308,"gmtModify":1676538205513,"author":{"id":"3568697814695599","authorId":"3568697814695599","name":"HCBICE","avatar":"https://static.tigerbbs.com/b4851c4a27e84de19dd126ece72f2e29","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3568697814695599","idStr":"3568697814695599"},"themes":[],"htmlText":"[财迷]&nbsp;","listText":"[财迷]&nbsp;","text":"[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9966672304","repostId":"1120274684","repostType":4,"isVote":1,"tweetType":1,"viewCount":3289,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9969920996,"gmtCreate":1668321519115,"gmtModify":1676538041384,"author":{"id":"3568697814695599","authorId":"3568697814695599","name":"HCBICE","avatar":"https://static.tigerbbs.com/b4851c4a27e84de19dd126ece72f2e29","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3568697814695599","idStr":"3568697814695599"},"themes":[],"htmlText":"[财迷]&nbsp;[财迷]&nbsp;","listText":"[财迷]&nbsp;[财迷]&nbsp;","text":"[财迷] [财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9969920996","repostId":"2283499039","repostType":4,"isVote":1,"tweetType":1,"viewCount":2631,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9987142457,"gmtCreate":1667863735579,"gmtModify":1676537974599,"author":{"id":"3568697814695599","authorId":"3568697814695599","name":"HCBICE","avatar":"https://static.tigerbbs.com/b4851c4a27e84de19dd126ece72f2e29","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3568697814695599","idStr":"3568697814695599"},"themes":[],"htmlText":"[财迷]&nbsp;","listText":"[财迷]&nbsp;","text":"[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9987142457","repostId":"2281936076","repostType":4,"repost":{"id":"2281936076","kind":"highlight","pubTimestamp":1667862480,"share":"https://ttm.financial/m/news/2281936076?lang=en_US&edition=fundamental","pubTime":"2022-11-08 07:08","market":"us","language":"zh","title":"Don't just focus on rate hike! Fed study finds real monetary tightening is much worse","url":"https://stock-news.laohu8.com/highlight/detail?id=2281936076","media":"华尔街见闻","summary":"旧金山联储研究发现，计入前瞻指引和缩表后，美联储紧缩的影响远超实际加息的水平，相当于截至今年9月，让政策利率升至5.25%以上。而9月联储加息后后的实际利率目标区间才不过3%到3.25%。","content":"<p><html><head></head><body>Abstract: San Francisco Fed research found that after taking into account forward-looking guidance and shrinking balance sheet, the impact of the Fed's tightening far exceeds the level of actual rate hike, which is equivalent to raising the policy rate to more than 5.25% as of September this year. The target range of real interest rates after the Fed's rate hike in September is only 3% to 3.25%. The Federal Reserve's own research shows that if you only focus on the rate hike that the outside world is most concerned about, you may underestimate the power of this round of tightening combination of the Federal Reserve.</p><p>On Monday, November 7, local time, the weekly economic research letter released by the San Francisco Fed pointed out that the Fed's monetary policy is not just to change the policy interest rate-the target level of the Federal Funds rate, but also to use forward-looking guidance and balance sheet policies.</p><p>The study found that after incorporating forward-looking guidance and reducing the balance sheet (shrinking balance sheet), recalculated measures related to Federal Funds rate show that,</p><p>\"Since the end of last year, the degree of monetary tightening by the Federal Reserve has far exceeded what Federal Funds rate would imply.\" The current financing tightening environment is similar to \"making the Federal Funds rate rise above 5.25% as of September this year\". The degree of tightening estimated by the above study significantly exceeds the actual rate hike level of the Federal Reserve. As of the end of September this year, after the Federal Reserve's third consecutive aggressive 75 basis points, Federal Funds rate's target range has only risen to 3% to 3.25%. Even at the high end of the range, it is more than 200 basis points different from the above-mentioned 5.25%.</p><p>The above study pointed out that although the Federal Reserve only raised its policy interest rate close to zero in March this year, the above interest rate indicators used in the study have rebounded to positive values in November last year, and have accelerated their rise since then. Public comments from Fed officials about the need to tighten currency had already pushed up the indicator months before the actual action started.</p><p>The Federal Reserve meeting just concluded last Wednesday decided to issue a fourth consecutive rate hike of 75 basis points, raising Federal Funds rate's target to 3.75% to 4%. The resolution statement released after the meeting hinted for the first time that the pace of rate hike may slow down, saying that the Federal Reserve Monetary Policy Committee FOMC will take into account the cumulative tightening of monetary policy and the lag of monetary policy in affecting the economy and inflation.</p><p>At the press conference after the meeting last Wednesday, Federal Reserve Chairman Jerome Powell said that it would slow down as soon as December this year, but at the same time pointed out that the peak of terminal interest rates, that is, interest rates, may be higher than the Fed's previous expectations, and believed that it was too early to discuss suspending rate hike. Compared with the speed of rate hike, it is more important how high interest rates rise and how long high interest rates last. In other words, the Fed's rate hike has entered a slower but higher and longer second phase.</p><p>From last Friday to the weekend, Fed officials spoke intensively, echoing Powell's statement, saying that there will be more rate hike, and the peak interest rate may exceed 5%. Although they believe that rate hike may be slowed down, they do not rule out the possibility of continued sharp rate hike next time.</p><p></body></html></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>Don't just focus on rate hike! Fed study finds real monetary tightening is much worse</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\">\nDon't just focus on rate hike! Fed study finds real monetary tightening is much worse\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\">2022-11-08 07:08</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Abstract: San Francisco Fed research found that after taking into account forward-looking guidance and shrinking balance sheet, the impact of the Fed's tightening far exceeds the level of actual rate hike, which is equivalent to raising the policy rate to more than 5.25% as of September this year. The target range of real interest rates after the Fed's rate hike in September is only 3% to 3.25%. The Federal Reserve's own research shows that if you only focus on the rate hike that the outside world is most concerned about, you may underestimate the power of this round of tightening combination of the Federal Reserve.</p><p>On Monday, November 7, local time, the weekly economic research letter released by the San Francisco Fed pointed out that the Fed's monetary policy is not just to change the policy interest rate-the target level of the Federal Funds rate, but also to use forward-looking guidance and balance sheet policies.</p><p>The study found that after incorporating forward-looking guidance and reducing the balance sheet (shrinking balance sheet), recalculated measures related to Federal Funds rate show that,</p><p>\"Since the end of last year, the degree of monetary tightening by the Federal Reserve has far exceeded what Federal Funds rate would imply.\" The current financing tightening environment is similar to \"making the Federal Funds rate rise above 5.25% as of September this year\". The degree of tightening estimated by the above study significantly exceeds the actual rate hike level of the Federal Reserve. As of the end of September this year, after the Federal Reserve's third consecutive aggressive 75 basis points, Federal Funds rate's target range has only risen to 3% to 3.25%. Even at the high end of the range, it is more than 200 basis points different from the above-mentioned 5.25%.</p><p>The above study pointed out that although the Federal Reserve only raised its policy interest rate close to zero in March this year, the above interest rate indicators used in the study have rebounded to positive values in November last year, and have accelerated their rise since then. Public comments from Fed officials about the need to tighten currency had already pushed up the indicator months before the actual action started.</p><p>The Federal Reserve meeting just concluded last Wednesday decided to issue a fourth consecutive rate hike of 75 basis points, raising Federal Funds rate's target to 3.75% to 4%. The resolution statement released after the meeting hinted for the first time that the pace of rate hike may slow down, saying that the Federal Reserve Monetary Policy Committee FOMC will take into account the cumulative tightening of monetary policy and the lag of monetary policy in affecting the economy and inflation.</p><p>At the press conference after the meeting last Wednesday, Federal Reserve Chairman Jerome Powell said that it would slow down as soon as December this year, but at the same time pointed out that the peak of terminal interest rates, that is, interest rates, may be higher than the Fed's previous expectations, and believed that it was too early to discuss suspending rate hike. Compared with the speed of rate hike, it is more important how high interest rates rise and how long high interest rates last. In other words, the Fed's rate hike has entered a slower but higher and longer second phase.</p><p>From last Friday to the weekend, Fed officials spoke intensively, echoing Powell's statement, saying that there will be more rate hike, and the peak interest rate may exceed 5%. Although they believe that rate hike may be slowed down, they do not rule out the possibility of continued sharp rate hike next time.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3674372\">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/533d5ca551861ebfc3236179953d6330","relate_stocks":{"161125":"标普500","513500":"标普500ETF","SDOW":"三倍做空道指30ETF-ProShares","QLD":"2倍做多纳斯达克100指数ETF-ProShares","OEX":"标普100","BK4581":"高盛持仓","DJX":"1/100道琼斯","BK4534":"瑞士信贷持仓","SDS":"两倍做空标普500 ETF-ProShares",".IXIC":"NASDAQ Composite","QID":"两倍做空纳斯达克指数ETF-ProShares",".SPX":"S&P 500 Index","OEF":"标普100指数ETF-iShares","SQQQ":"纳指三倍做空ETF","DXD":"两倍做空道琼30指数ETF-ProShares","UDOW":"三倍做多道指30ETF-ProShares","DDM":"2倍做多道指ETF-ProShares","TQQQ":"纳指三倍做多ETF","SPXU":"三倍做空标普500ETF-ProShares","BK4550":"红杉资本持仓","DOG":"道指ETF-ProShares做空","UPRO":"三倍做多标普500ETF-ProShares","PSQ":"做空纳斯达克100指数ETF-ProShares","SSO":"2倍做多标普500ETF-ProShares","BK4559":"巴菲特持仓","BK4504":"桥水持仓","IVV":"标普500ETF-iShares","SH":"做空标普500-Proshares","QQQ":"纳指100ETF",".DJI":"道琼斯","SPY":"标普500ETF"},"source_url":"https://wallstreetcn.com/articles/3674372","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2281936076","content_text":"摘要：旧金山联储研究发现，计入前瞻指引和缩表后，美联储紧缩的影响远超实际加息的水平，相当于截至今年9月，让政策利率升至5.25%以上。而9月联储加息后后的实际利率目标区间才不过3%到3.25%。美联储自己的研究显示，如果只盯着外界最为关注的加息，可能小看了美联储这轮紧缩组合拳的威力。当地时间11月7日周一，旧金山联储发布的每周经济研究信指出，美联储的货币政策绝不只是改变政策利率——联邦基金利率的目标水平，还包括运用前瞻指引和资产负债表的政策。该研究发现，在纳入前瞻指引和缩减资产负债表（缩表）后，重新测算的联邦基金利率相关衡量指标显示，“去年年末以来，美联储的货币紧缩程度已经远超仅限于联邦基金利率会暗示的水平”。当前的融资紧缩环境类似于，“截至今年9月让联邦基金利率升至5.25%以上”。上述研究估算的紧缩程度明显超过美联储的实际加息水平。截至今年9月末，美联储连续第三次激进75个基点后，联邦基金利率的目标区间也才升至3%到3.25%，即使是区间的高端，也和以上提到的5.25%以上相差超过200个基点。上述研究指出，虽然美联储今年3月才上调接近于零的政策利率，但该研究采用的以上利率指标已经在去年11月就回升到正值，并且此后加快攀升。在真正开始行动的几个月前，联储官员有关需要收紧货币的公开评论就已经推升了该指标。上周三刚结束的美联储会议决定，连续第四次加息75个基点，将联邦基金利率的目标升至3.75%到4%。会后公布的决议声明首次暗示加息步伐可能放缓，称联储货币政策委员会FOMC将考虑到货币政策的累积收紧，以及货币政策影响经济和通胀有滞后性。上周三会后的新闻发布会上，美联储主席鲍威尔称最快今年12月放慢速度，但同时指出终端利率、即利率的峰值可能高于联储之前预期，认为现在讨论暂停加息为时过早，相比加息速度，利率升得多高、高利率持续多久更为重要。换言之，美联储加息进入了更慢但更高、更久的第二阶段。上周五到周末，美联储官员密集发声，呼应鲍威尔表态，称会有更多加息，利率峰值可能超过5%，虽然认为可能放慢加息，但不排除下一次继续大幅加息的可能。","news_type":1,"symbols_score_info":{"161125":0.6,"513500":0.6,"MNQmain":0.6,"DJX":0.6,"SSO":0.6,".SPX":0.6,"SPXU":0.6,"DXD":0.6,"SDOW":0.6,"QLD":0.6,"TQQQ":0.6,"QID":0.6,"SPY":1,"DOG":0.6,"ESmain":0.6,"SDS":0.6,"IVV":0.6,"UDOW":0.6,"PSQ":0.6,"SH":0.6,".DJI":1,"NQmain":0.6,"DDM":0.6,".IXIC":1,"SQQQ":0.6,"QQQ":0.6,"OEX":0.6,"UPRO":0.6,"OEF":0.6}},"isVote":1,"tweetType":1,"viewCount":1120,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9987097869,"gmtCreate":1667777077252,"gmtModify":1676537960257,"author":{"id":"3568697814695599","authorId":"3568697814695599","name":"HCBICE","avatar":"https://static.tigerbbs.com/b4851c4a27e84de19dd126ece72f2e29","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3568697814695599","idStr":"3568697814695599"},"themes":[],"htmlText":"[开心]&nbsp;","listText":"[开心]&nbsp;","text":"[开心]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9987097869","repostId":"2281729691","repostType":4,"isVote":1,"tweetType":1,"viewCount":1102,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9984448638,"gmtCreate":1667719846324,"gmtModify":1676537955977,"author":{"id":"3568697814695599","authorId":"3568697814695599","name":"HCBICE","avatar":"https://static.tigerbbs.com/b4851c4a27e84de19dd126ece72f2e29","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3568697814695599","idStr":"3568697814695599"},"themes":[],"htmlText":"[财迷]&nbsp;","listText":"[财迷]&nbsp;","text":"[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9984448638","repostId":"1179800507","repostType":4,"repost":{"id":"1179800507","kind":"news","pubTimestamp":1667704167,"share":"https://ttm.financial/m/news/1179800507?lang=en_US&edition=fundamental","pubTime":"2022-11-06 11:09","market":"sh","language":"zh","title":"Speak out for the first time after rate hike! Four senior Fed officials: More rate hike, the peak may exceed 5%","url":"https://stock-news.laohu8.com/highlight/detail?id=1179800507","media":"华尔街见闻","summary":"加息步伐放缓，但利率峰值更高。在美联储11月升息后，美联储官员密集发声。官员们警告，必须继续加息才能遏制通胀，明年利率峰值有可能达到5%以上。里士满联储主席Thomas Barkin周五在接受采访时表","content":"<p><html><head></head><body>Rate hike is slowing, but interest rates are peaking higher. After the Federal Reserve raised interest rates in November, Fed officials spoke out intensively. Officials warned that rate hike must continue to curb inflation, with interest rates likely to peak above 5% next year.</p><p>Richmond Fed President Thomas Barkin said in an interview on Friday,<b>To bring inflation to target levels, the Fed needs to do everything necessary, which could push peak interest rates above 5%</b>：</p><p>I can totally imagine interest rates eventually exceeding 5%, but to me, this is not an established plan, but the result of our efforts to fight inflation. For his part, Minneapolis Fed President Neel Kashkari said the latest employment report showed \"very strong\" hiring, which could lead to \"higher\" interest rate peaks:</p><p>We have more work to do, hopefully, to cool the economy and bring demand and supply to a balance. In March and April this year, I predicted that interest rates would peak in September this year, and the final peak would be around 4.9%. Given the information available so far, I expect interest rates to rise even higher, and I don't have an answer as to how much higher. Chicago Fed President Charles Evans holds a similar view,<b>It expects the peak level of Fed interest rates to be \"slightly higher than\" the dot plot forecast in September.</b></p><p>Boston Fed President Susan Collins warned that it is too early to judge how high interest rates should be, and the possibility of another sharp rate hike cannot be ruled out:</p><p><b>As interest rates are currently at a restrictive level that may lead to a slowdown in economic growth, monetary policy is entering a new phase, and only a small interest rate adjustment may be required.</b>But the possibility of another big rate hike cannot be ruled out. The Federal Reserve issued its fourth consecutive 75 basis point rate hike this week, raising the federal benchmark interest rate to 3.75%-4%.</p><p>Federal Reserve Chairman Jerome Powell said at a subsequent press conference that the Federal Reserve will \"purposefully\" adjust interest rates to effective restrictions and will slow down the pace of rate hike as soon as December, but terminal interest rates may be higher than the Fed's expectations in September (4.6%).</p><p>As Powell did not give specific forecast data, the market is currently controversial about the peak interest rate of the Federal Reserve. Before the FOMC meeting, Wall Street's forecast for the peak interest rate of the Federal Reserve was around 5%. Investors are betting that the Fed will issue a 50 basis point rate hike in December and interest rates will peak at around 5.1% in mid-2023.</p><p>Jonathan Wright, a professor of economics at Johns Hopkins University, concluded that,<b>Considering that U.S. real interest rates are still close to zero or even negative, the Fed still has a long way to go to achieve the restrictive stance needed to control inflation.</b></p><p>After the FOMC meeting, Wall Street also adjusted the path of the Fed's interest rate hike to reflect the expectation of \"slower but higher\" interest rate hike.</p><p>Nomura now expects 50 basis points for the Fed's December rate hike (previously 75 basis points), 50 basis points for rate hike in February next year, 50 basis points for rate hike in March (previously 25 basis points), and 25 basis points for rate hike in May (previously not expected). Peak interest rates will be 25 basis points higher than previous forecasts,<b>It was raised to 5.50-5.75%.</b></p><p>In Nomura's view, the Fed's inflation battle is far from over, and there may be more sharp rate hike ahead. Powell's remarks at the press conference clearly pointed to hawkish positions.<b>The most important thing is that the Fed still intends to continue its rate hike, only at a slower pace.</b>Therefore, Nomura believes that this rate hike cycle will last longer and the peak interest rate will be at a higher level.</p><p>Lawrence Summers, former U.S. Treasury Secretary and President Emeritus of Harvard University, believes that given that the U.S. economy remains strong, the Federal Reserve may need to raise interest rates to 6% or higher to control inflation.</p><p></body></html></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>Speak out for the first time after rate hike! Four senior Fed officials: More rate hike, the peak may exceed 5%</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\">\nSpeak out for the first time after rate hike! Four senior Fed officials: More rate hike, the peak may exceed 5%\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\">2022-11-06 11:09</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Rate hike is slowing, but interest rates are peaking higher. After the Federal Reserve raised interest rates in November, Fed officials spoke out intensively. Officials warned that rate hike must continue to curb inflation, with interest rates likely to peak above 5% next year.</p><p>Richmond Fed President Thomas Barkin said in an interview on Friday,<b>To bring inflation to target levels, the Fed needs to do everything necessary, which could push peak interest rates above 5%</b>：</p><p>I can totally imagine interest rates eventually exceeding 5%, but to me, this is not an established plan, but the result of our efforts to fight inflation. For his part, Minneapolis Fed President Neel Kashkari said the latest employment report showed \"very strong\" hiring, which could lead to \"higher\" interest rate peaks:</p><p>We have more work to do, hopefully, to cool the economy and bring demand and supply to a balance. In March and April this year, I predicted that interest rates would peak in September this year, and the final peak would be around 4.9%. Given the information available so far, I expect interest rates to rise even higher, and I don't have an answer as to how much higher. Chicago Fed President Charles Evans holds a similar view,<b>It expects the peak level of Fed interest rates to be \"slightly higher than\" the dot plot forecast in September.</b></p><p>Boston Fed President Susan Collins warned that it is too early to judge how high interest rates should be, and the possibility of another sharp rate hike cannot be ruled out:</p><p><b>As interest rates are currently at a restrictive level that may lead to a slowdown in economic growth, monetary policy is entering a new phase, and only a small interest rate adjustment may be required.</b>But the possibility of another big rate hike cannot be ruled out. The Federal Reserve issued its fourth consecutive 75 basis point rate hike this week, raising the federal benchmark interest rate to 3.75%-4%.</p><p>Federal Reserve Chairman Jerome Powell said at a subsequent press conference that the Federal Reserve will \"purposefully\" adjust interest rates to effective restrictions and will slow down the pace of rate hike as soon as December, but terminal interest rates may be higher than the Fed's expectations in September (4.6%).</p><p>As Powell did not give specific forecast data, the market is currently controversial about the peak interest rate of the Federal Reserve. Before the FOMC meeting, Wall Street's forecast for the peak interest rate of the Federal Reserve was around 5%. Investors are betting that the Fed will issue a 50 basis point rate hike in December and interest rates will peak at around 5.1% in mid-2023.</p><p>Jonathan Wright, a professor of economics at Johns Hopkins University, concluded that,<b>Considering that U.S. real interest rates are still close to zero or even negative, the Fed still has a long way to go to achieve the restrictive stance needed to control inflation.</b></p><p>After the FOMC meeting, Wall Street also adjusted the path of the Fed's interest rate hike to reflect the expectation of \"slower but higher\" interest rate hike.</p><p>Nomura now expects 50 basis points for the Fed's December rate hike (previously 75 basis points), 50 basis points for rate hike in February next year, 50 basis points for rate hike in March (previously 25 basis points), and 25 basis points for rate hike in May (previously not expected). Peak interest rates will be 25 basis points higher than previous forecasts,<b>It was raised to 5.50-5.75%.</b></p><p>In Nomura's view, the Fed's inflation battle is far from over, and there may be more sharp rate hike ahead. Powell's remarks at the press conference clearly pointed to hawkish positions.<b>The most important thing is that the Fed still intends to continue its rate hike, only at a slower pace.</b>Therefore, Nomura believes that this rate hike cycle will last longer and the peak interest rate will be at a higher level.</p><p>Lawrence Summers, former U.S. Treasury Secretary and President Emeritus of Harvard University, believes that given that the U.S. economy remains strong, the Federal Reserve may need to raise interest rates to 6% or higher to control inflation.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3674217\">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/5c7529fdbb41cb6b3c19bcb2904f4970","relate_stocks":{".IXIC":"NASDAQ Composite","QQQ":"纳指100ETF","BK4550":"红杉资本持仓","TQQQ":"纳指三倍做多ETF",".DJI":"道琼斯","SDS":"两倍做空标普500 ETF-ProShares","BK4504":"桥水持仓","IVV":"标普500ETF-iShares",".SPX":"S&P 500 Index","QID":"两倍做空纳斯达克指数ETF-ProShares","SQQQ":"纳指三倍做空ETF","SPY":"标普500ETF","UDOW":"三倍做多道指30ETF-ProShares","DXD":"两倍做空道琼30指数ETF-ProShares","BK4581":"高盛持仓","SDOW":"三倍做空道指30ETF-ProShares","BK4559":"巴菲特持仓","PSQ":"做空纳斯达克100指数ETF-ProShares"},"source_url":"https://wallstreetcn.com/articles/3674217","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1179800507","content_text":"加息步伐放缓，但利率峰值更高。在美联储11月升息后，美联储官员密集发声。官员们警告，必须继续加息才能遏制通胀，明年利率峰值有可能达到5%以上。里士满联储主席Thomas Barkin周五在接受采访时表示，为了将通胀降至目标水平，美联储需要采取一切必要措施，这可能将利率峰值推高至5%以上：我完全可以想象利率最终会超过5％，但对我来说，这不是一个既定的计划，而是我们为抗通胀所做努力的结果。明尼阿波利斯联储行长Neel Kashkari则表示，最新的就业报告显示招聘情况“非常强劲”，这可能导致利率峰值“更高”：我们还有更多工作要做，希望能够给经济降温，使需求和供应达到平衡。今年3、4月时我预测利率会在今年9月见顶，最终峰值在4.9%左右。鉴于目前所掌握的信息，我预计利率会升到更高，至于会高多少，我也没有答案。芝加哥联储行长Charles Evans也持类似观点，其预计美联储利率峰值水平“将略高于” 9月的点阵图预测。波士顿联储主席Susan Collins则警告，现在判断利率应该达到多高还为时尚早，不能排除再进行一次大幅加息的可能性：由于利率目前处于可能导致经济增长减速的限制性水平，所以货币政策正在进入一个新的阶段，可能只需要进行较小幅度的利率调整。但不能排除再进行一次大幅加息的可能性。美联储本周连续第四次加息75个基点，将联邦基准利率上调至3.75％—4％。美联储主席鲍威尔在随后的记者会上表示，美联储将“有目的性地”调整利率至有效的限制性，最快将在12月放慢加息步伐，但是终端利率可能会高于9月时美联储的预期（4.6%）。由于鲍威尔没有给出具体预测数据，市场目前对美联储利率峰值存在争议。在FOMC会议前，华尔街对于美联储利率峰值的预测水平为5%左右。投资者押注美联储将在12月加息50个基点，利率则将在2023年年中达到5.1%左右的峰值。约翰霍普金斯大学经济学教授Jonathan Wright总结认为，考虑到美国实际利率依然接近于零，甚至仍为负值，美联储实现控制通胀所需的限制性立场还有很长的路要走。在FOMC会议后，华尔街也对美联储升息路径进行了调整，以反映“更慢但更高”的升息预期。野村现在预计美联储12月加息50个基点（此前为75个基点），明年2月加息50个基点，3月加息50个基点（此前为25个基点），5月加息25个基点（此前没有做出预期）。利率峰值将比之前的预测高出25个基点，上调至了5.50-5.75%。在野村看来，美联储的通胀斗争远未结束，可能还会有更多的大幅加息。鲍威尔在新闻发布会上的言论十分明确地指向鹰派立场，重中之重是美联储仍然打算继续加息，只是步伐有所放缓。因此，野村认为此轮加息周期将持续更长时间，利率峰值将处于更高水平。美国前财政部长、哈佛大学名誉校长Lawrence Summers则认为，鉴于美国经济依然强劲，美联储可能需要将利率提高至6%或更高，以控制通胀。","news_type":1,"symbols_score_info":{"MNQmain":0.9,"QQQ":0.9,"TQQQ":0.9,".SPX":0.9,"QID":0.9,".DJI":0.9,"SQQQ":0.9,"SDS":0.9,"UDOW":0.9,"SPY":0.9,"NQmain":0.9,"IVV":0.9,"PSQ":0.9,"DXD":0.9,"SDOW":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":1352,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9985677835,"gmtCreate":1667390676228,"gmtModify":1676537909910,"author":{"id":"3568697814695599","authorId":"3568697814695599","name":"HCBICE","avatar":"https://static.tigerbbs.com/b4851c4a27e84de19dd126ece72f2e29","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3568697814695599","idStr":"3568697814695599"},"themes":[],"htmlText":"[财迷]&nbsp;","listText":"[财迷]&nbsp;","text":"[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9985677835","repostId":"1118573646","repostType":4,"repost":{"id":"1118573646","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":1667385131,"share":"https://ttm.financial/m/news/1118573646?lang=en_US&edition=fundamental","pubTime":"2022-11-02 18:32","market":"us","language":"zh","title":"CVS Health Q3 revenue of $81.2 billion, adjusted EPS better than expected","url":"https://stock-news.laohu8.com/highlight/detail?id=1118573646","media":"老虎资讯综合","summary":"11月2日，CVS健康发布2022年第三季度业绩。财报显示，第三季度营收812亿美元，市场预期767.51亿美元，去年同期737.9亿美元；净亏损34.09亿美元，市场预期净利润22.76亿美元，去年","content":"<p><html><head></head><body>November 2,<a href=\"https://laohu8.com/S/CVS\">CVS Health</a>Release Third Quarter 2022 Results. The financial report shows that revenue in the third quarter was US $81.2 billion, market expectations were US $76.751 billion, and US $73.79 billion in the same period last year; The net loss was US $3.409 billion, the market expected a net profit of US $2.276 billion, and a net profit of US $1.598 billion in the same period last year; Loss per share was US $2.6, market expectations for earnings per share of US $1.71, and earnings per share of US $1.2 in the same period last year; Adjusted earnings per share were $2.09, compared with market expectations of $1.99.</p><p>Third-quarter results contained a pre-tax charge of $5.2 billion related to opioid-related claims.</p><p>Raised its 2022 adjusted EPS guidance range to $8.55-$8.65 from $8.4-$8.6.</p><p>Revised its 2022 GAAP guidance range for diluted earnings per share from $7.23-$7.43 to $3.12-$3.22.</p><p>Raised its operating cash flow guidance range for the full year 2022 from $12.5 billion-$13.5 billion to $13.5 billion.</p><p>After the financial report was released, CVS Health rose more than 5% before the market.</p><p><img src=\"https://static.tigerbbs.com/333f4f9a74e39fca7bbda879f43663c7\" tg-width=\"902\" tg-height=\"836\" referrerpolicy=\"no-referrer\"/></p><p></body></html></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>CVS Health Q3 revenue of $81.2 billion, adjusted EPS better than expected</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\">\nCVS Health Q3 revenue of $81.2 billion, adjusted EPS better than expected\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2022-11-02 18:32</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>November 2,<a href=\"https://laohu8.com/S/CVS\">CVS Health</a>Release Third Quarter 2022 Results. The financial report shows that revenue in the third quarter was US $81.2 billion, market expectations were US $76.751 billion, and US $73.79 billion in the same period last year; The net loss was US $3.409 billion, the market expected a net profit of US $2.276 billion, and a net profit of US $1.598 billion in the same period last year; Loss per share was US $2.6, market expectations for earnings per share of US $1.71, and earnings per share of US $1.2 in the same period last year; Adjusted earnings per share were $2.09, compared with market expectations of $1.99.</p><p>Third-quarter results contained a pre-tax charge of $5.2 billion related to opioid-related claims.</p><p>Raised its 2022 adjusted EPS guidance range to $8.55-$8.65 from $8.4-$8.6.</p><p>Revised its 2022 GAAP guidance range for diluted earnings per share from $7.23-$7.43 to $3.12-$3.22.</p><p>Raised its operating cash flow guidance range for the full year 2022 from $12.5 billion-$13.5 billion to $13.5 billion.</p><p>After the financial report was released, CVS Health rose more than 5% before the market.</p><p><img src=\"https://static.tigerbbs.com/333f4f9a74e39fca7bbda879f43663c7\" tg-width=\"902\" tg-height=\"836\" referrerpolicy=\"no-referrer\"/></p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/6a8642475395bb363eacb86148917e7b","relate_stocks":{"CVS":"西维斯健康"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1118573646","content_text":"11月2日，CVS健康发布2022年第三季度业绩。财报显示，第三季度营收812亿美元，市场预期767.51亿美元，去年同期737.9亿美元；净亏损34.09亿美元，市场预期净利润22.76亿美元，去年同期净利润15.98亿美元；每股亏损2.6美元，市场预期每股收益1.71美元，去年同期每股收益1.2美元；调整后每股盈利2.09美元，市场预期为1.99美元。第三季度业绩包含与阿片类药物相关索赔有关的52亿美元的税前费用。将2022年调整后每股收益指引范围从8.4-8.6美元上调至8.55-8.65美元。将2022年GAAP摊薄每股收益指引范围从7.23-7.43美元修订为3.12-3.22美元。将2022年全年的运营现金流指引范围从125亿-135亿美元上调至135亿-145亿美元。财报发布后，CVS健康盘前涨超5%。","news_type":1,"symbols_score_info":{"CVS":0.9}},"isVote":1,"tweetType":1,"viewCount":869,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9985677943,"gmtCreate":1667390648482,"gmtModify":1676537909902,"author":{"id":"3568697814695599","authorId":"3568697814695599","name":"HCBICE","avatar":"https://static.tigerbbs.com/b4851c4a27e84de19dd126ece72f2e29","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3568697814695599","idStr":"3568697814695599"},"themes":[],"htmlText":"[财迷]&nbsp;","listText":"[财迷]&nbsp;","text":"[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9985677943","repostId":"2280301361","repostType":4,"repost":{"id":"2280301361","kind":"highlight","pubTimestamp":1667387914,"share":"https://ttm.financial/m/news/2280301361?lang=en_US&edition=fundamental","pubTime":"2022-11-02 19:18","market":"us","language":"zh","title":"Nio, which has stopped production again, is so fragile","url":"https://stock-news.laohu8.com/highlight/detail?id=2280301361","media":"华尔街见闻","summary":"供应链之殤。","content":"<p><html><head></head><body><b>The tragedy of the supply chain.</b>Li Bin, who was born in his birth year, seems to have been having trouble. Production capacity and supply chain issues have been constraining from the beginning to the end of the year<a href=\"https://laohu8.com/S/NIO\">Nio</a>。</p><p>After experiencing the suspension of vehicle production in April, Wall Street News learned that affected by the epidemic,<a href=\"https://laohu8.com/S/NIO.SI\">Nio</a>Two factories in Hefei have recently suspended production one after another, resulting in a general slowdown in the delivery of their models.</p><p>In this regard,<a href=\"https://laohu8.com/S/NIO\">Nio</a>The side said on November 2 that the news was true.<a href=\"https://laohu8.com/S/NIO.SI\">Nio</a>The investor relations department also responded to investors that the epidemic has affected the supply chain, and the delivery cycle of new cars has indeed been significantly lengthened.</p><p>In particular, the suspension of operation of the F2 factory in Nio, which was officially put into production in September, has a great impact on Nio's overall delivery. At present, the factory mainly produces ET5, which is a model that Nio Chairman Li Bin has high hopes for. It was originally planned to deliver over 10,000 yuan per month in December.</p><p>Judging from the specific delivery data of Nio in September and October, the situation is not optimistic. Delivery data released by Nio on November 1 showed that it delivered 10,059 vehicles in October, a year-on-year increase of 174.3%, but a month-on-month decrease of 7.53% compared with 10,878 vehicles in September.</p><p>From 221 ET5 vehicles delivered in September, it only increased to 1,030 vehicles in October, which is far from the goal of delivering over 10,000 vehicles.</p><p>Li Bin made a bold statement in September, and in the next few months, Nio's delivery volume will break records every month. And after learning the lessons of the previous epidemic, the impact of the epidemic on the supply chain is relatively controllable. Unexpectedly, the slap in the face came so fast.</p><p>In fact, this isn't the first time Nio has discontinued production. In April, Nio announced in its official APP that it would suspend the suspension of vehicle production. The reason is that since mid-March, Nio's parts and components have been cut off due to the epidemic and have not been restored.</p><p>Nio mainly attributed these two shutdowns to the epidemic, but during the same period, other new forces or traditional car companies did not experience such a large-scale shutdown of vehicles.</p><p>Every epidemic will have an impact on Nio's delivery, reflecting that the supply chain management of this new car-making star company is very fragile.</p><p>In the Nio community, some consumers bluntly said that six cars cannot sell one car. It is conceivable how bad Nio's supply chain management is, and the epidemic cannot always be used as an excuse.</p><p>The decline in delivery data in October once again exposed Nio's problems.</p><p>Nio has always adopted a pure OEM model, and most parts are purchased from a single supplier. Coupled with Nio's high-end positioning, there are few raw material suppliers to choose from, and it is difficult to find qualified alternative suppliers. In August last year, Nio's deliveries plummeted due to supply problems with Bosch ESP chips.</p><p>Although since then, in terms of power batteries, although Li Bin has tried to increase secondary and tertiary supplies, and even self-made chips and batteries, to solve his shortcomings in the supply chain and increase production capacity. But none of this can solve the fragility of Nio's supply chain in the short term.<a href=\"https://laohu8.com/S/601788\">Everbright Securities</a>It is also pointed out that the supply chain is the key to Nio's production capacity ramp-up in the fourth quarter of this year.</p><p>Although Li Bin emphasized at the second quarter performance meeting that the key issues to be solved next include the supply chain, the current situation is not optimistic.</p><p>Li Bin also expressed in the Nio community on November 1 that he hoped that the production of complete vehicles and parts would return to normal in November and orders would be delivered as soon as possible.</p><p>In the medium and long term, if the supply chain problems remain unresolved, it will directly affect Nio's life and death. At present, the competition in the electric vehicle market is becoming increasingly fierce. New forces and traditional players are bringing their flagship products to the market, and Nio is at risk of falling behind at any time.</p><p>Compared with July, the delivery of Nio, XPeng and Ideal has obviously lagged behind. In the new force delivery list in October, GAC Aian ranked first with more than 30,000 deliveries, followed by Nezha, Huawei Wenjie and Jikrypton, with deliveries all exceeding 10,000. \"Wei Xiaoli\" has been left behind.</p><p>The market competition in the next two months was fierce. Even industry leaders<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>They all officially announced price cuts at the end of last month, trying to boost sales in the remaining two months of this year, which shows the fierce competition in the market. In<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>After that, brands such as Ford Electric Horse also followed suit in price cuts. The industry expects that new forces will not be allowed to increase promotional discounts to seek sales.</p><p>For new forces, the fourth quarter is an important stage in this year's delivery sprint. Whether it is digesting orders in hand or obtaining new orders through discounts, they need to work harder.</p><p>Nio, which has encountered production capacity problems again, is already burning. This new car-making force, which was on the verge of bankruptcy four years ago, relied on users to bring it into Nasdaq, and it was difficult to rely on the \"rice circle\" to save itself. It can only improve supply chain management and ensure delivery to win the favor of more consumers.</p><p></body></html></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>Nio, which has stopped production again, is so fragile</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, which has stopped production again, is so fragile\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\">2022-11-02 19:18</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body><b>The tragedy of the supply chain.</b>Li Bin, who was born in his birth year, seems to have been having trouble. Production capacity and supply chain issues have been constraining from the beginning to the end of the year<a href=\"https://laohu8.com/S/NIO\">Nio</a>。</p><p>After experiencing the suspension of vehicle production in April, Wall Street News learned that affected by the epidemic,<a href=\"https://laohu8.com/S/NIO.SI\">Nio</a>Two factories in Hefei have recently suspended production one after another, resulting in a general slowdown in the delivery of their models.</p><p>In this regard,<a href=\"https://laohu8.com/S/NIO\">Nio</a>The side said on November 2 that the news was true.<a href=\"https://laohu8.com/S/NIO.SI\">Nio</a>The investor relations department also responded to investors that the epidemic has affected the supply chain, and the delivery cycle of new cars has indeed been significantly lengthened.</p><p>In particular, the suspension of operation of the F2 factory in Nio, which was officially put into production in September, has a great impact on Nio's overall delivery. At present, the factory mainly produces ET5, which is a model that Nio Chairman Li Bin has high hopes for. It was originally planned to deliver over 10,000 yuan per month in December.</p><p>Judging from the specific delivery data of Nio in September and October, the situation is not optimistic. Delivery data released by Nio on November 1 showed that it delivered 10,059 vehicles in October, a year-on-year increase of 174.3%, but a month-on-month decrease of 7.53% compared with 10,878 vehicles in September.</p><p>From 221 ET5 vehicles delivered in September, it only increased to 1,030 vehicles in October, which is far from the goal of delivering over 10,000 vehicles.</p><p>Li Bin made a bold statement in September, and in the next few months, Nio's delivery volume will break records every month. And after learning the lessons of the previous epidemic, the impact of the epidemic on the supply chain is relatively controllable. Unexpectedly, the slap in the face came so fast.</p><p>In fact, this isn't the first time Nio has discontinued production. In April, Nio announced in its official APP that it would suspend the suspension of vehicle production. The reason is that since mid-March, Nio's parts and components have been cut off due to the epidemic and have not been restored.</p><p>Nio mainly attributed these two shutdowns to the epidemic, but during the same period, other new forces or traditional car companies did not experience such a large-scale shutdown of vehicles.</p><p>Every epidemic will have an impact on Nio's delivery, reflecting that the supply chain management of this new car-making star company is very fragile.</p><p>In the Nio community, some consumers bluntly said that six cars cannot sell one car. It is conceivable how bad Nio's supply chain management is, and the epidemic cannot always be used as an excuse.</p><p>The decline in delivery data in October once again exposed Nio's problems.</p><p>Nio has always adopted a pure OEM model, and most parts are purchased from a single supplier. Coupled with Nio's high-end positioning, there are few raw material suppliers to choose from, and it is difficult to find qualified alternative suppliers. In August last year, Nio's deliveries plummeted due to supply problems with Bosch ESP chips.</p><p>Although since then, in terms of power batteries, although Li Bin has tried to increase secondary and tertiary supplies, and even self-made chips and batteries, to solve his shortcomings in the supply chain and increase production capacity. But none of this can solve the fragility of Nio's supply chain in the short term.<a href=\"https://laohu8.com/S/601788\">Everbright Securities</a>It is also pointed out that the supply chain is the key to Nio's production capacity ramp-up in the fourth quarter of this year.</p><p>Although Li Bin emphasized at the second quarter performance meeting that the key issues to be solved next include the supply chain, the current situation is not optimistic.</p><p>Li Bin also expressed in the Nio community on November 1 that he hoped that the production of complete vehicles and parts would return to normal in November and orders would be delivered as soon as possible.</p><p>In the medium and long term, if the supply chain problems remain unresolved, it will directly affect Nio's life and death. At present, the competition in the electric vehicle market is becoming increasingly fierce. New forces and traditional players are bringing their flagship products to the market, and Nio is at risk of falling behind at any time.</p><p>Compared with July, the delivery of Nio, XPeng and Ideal has obviously lagged behind. In the new force delivery list in October, GAC Aian ranked first with more than 30,000 deliveries, followed by Nezha, Huawei Wenjie and Jikrypton, with deliveries all exceeding 10,000. \"Wei Xiaoli\" has been left behind.</p><p>The market competition in the next two months was fierce. Even industry leaders<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>They all officially announced price cuts at the end of last month, trying to boost sales in the remaining two months of this year, which shows the fierce competition in the market. In<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>After that, brands such as Ford Electric Horse also followed suit in price cuts. The industry expects that new forces will not be allowed to increase promotional discounts to seek sales.</p><p>For new forces, the fourth quarter is an important stage in this year's delivery sprint. Whether it is digesting orders in hand or obtaining new orders through discounts, they need to work harder.</p><p>Nio, which has encountered production capacity problems again, is already burning. This new car-making force, which was on the verge of bankruptcy four years ago, relied on users to bring it into Nasdaq, and it was difficult to rely on the \"rice circle\" to save itself. It can only improve supply chain management and ensure delivery to win the favor of more consumers.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3673930\">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/d48c6cc7f66b7ad8ad13a247c0ffba0f","relate_stocks":{"BK4526":"热门中概股","BK4534":"瑞士信贷持仓","BK4555":"新能源车","BK4505":"高瓴资本持仓","NIO":"蔚来","BK4504":"桥水持仓","LU0708995583.HKD":"TEMPLETON CHINA \"A\" (HKD) ACC","09866":"蔚来-SW","BK1119":"汽车制造商","BK4548":"巴美列捷福持仓","BK4574":"无人驾驶","NIO.SI":"蔚来","BK4509":"腾讯概念","BK1588":"回港中概股","EVS.SI":"MSCI China Electric Vehicles and Future Mobility ETF-NikkoAM","BK4532":"文艺复兴科技持仓","BK4581":"高盛持仓","LU0052750758.USD":"富兰克林中国基金A Acc","LU0320764599.SGD":"FTIF - Templeton China A Acc SGD","BK4531":"中概回港概念","BK4099":"汽车制造商"},"source_url":"https://wallstreetcn.com/articles/3673930","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2280301361","content_text":"供应链之殤。本命年的李斌似乎一直不太顺。产能和供应链的问题从年头到年尾，一直掣肘着蔚来。在经历了4月的整车停产后，华尔街见闻获悉，受到疫情影响，蔚来位于合肥的两座工厂近期相继停产，并导致旗下车型交付普遍放缓。对此，蔚来方面于11月2日表示，消息属实。蔚来投资者关系部门也回应投资者称，疫情影响到了供应链，新车的交付周期确实大幅拉长。尤其是蔚来9月才正式投产的F2工厂暂停运转，对蔚来整体交付影响很大。目前，该工厂主要生产的是ET5，这是蔚来董事长李斌寄予厚望的车型，原本计划要在12月月交付过万。从蔚来9、10月的具体交付数据看，情况并不乐观。蔚来11月1日公布的交付数据显示，其在10月交付汽车10059辆，同比增长174.3%，但相比9月时的10878辆，环比下滑7.53%。ET5从9月时交付221辆，仅提升至10月的1030辆，离交付过万的目标有很大的距离。李斌在9月放出豪言，接下来几个月，蔚来交付量每个月都会打破纪录。并且经过此前疫情的教训后，疫情对供应链的影响相对可控。没想到，打脸来得如此之快。事实上，这不是蔚来第一次停产了。4月份，蔚来就在其官方APP里宣布暂停整车停产，原因是从3月中旬起，蔚来的零部件受疫情影响开始断供，并一直未恢复。蔚来将这两次停产都主要归为疫情原因，但同期，其他各家新势力或传统车企，并没有出现如此大面积的整车停产。每次疫情都会对蔚来的交付造成影响，折射的是这家造车新势力明星公司的供应链管理，非常脆弱。在蔚来社区里，有消费者直言，6款车卖不过人家一款车，可以想见蔚来的供应链管理多糟糕，不能总是把疫情当借口。10月交付数据的下滑，将蔚来的问题再次暴露了出来。蔚来一直采用的是纯代工模式，并且零部件大部分采购自单一的供应商。加上蔚来定位高端，能够选择的原材料供应商很少，很难找到合格的替代供应商。去年8月，蔚来就因为博世ESP芯片供应问题，导致交付量暴跌。虽然此后在动力电池上，虽然李斌试图增加二供、三供，甚至是自造芯片、电池，来解决自身在供应链上的短板，增加产能。但这均不能解决蔚来短期内供应链的脆弱。光大证券也指出，供应链是蔚来今年四季度产能爬坡的关键。虽然李斌在二季度业绩会上曾强调，接下来要解决的重点问题就包括供应链这一项，但目前情况不容乐观。李斌11月1日也在蔚来社区里表示，希望11月整车和零部件生产能恢复正常，早日交付订单。中长期来看，供应链的问题如果一直未能解决，将直接影响蔚来的生死存亡。眼下电动车市场上竞争愈发激烈，新势力、传统玩家都在把自己拳头产品推向市场，蔚来随时有掉队的风险。相比7月，眼下蔚来和小鹏、理想的交付已经明显掉队。在10月新势力交付榜单里，广汽埃安以超3万辆的交付排在榜首，紧随其后的是哪吒、华为问界和极氪，交付量均过万，“蔚小理”已经被甩在了身后。而接下来的两个月市场竞争激烈。连行业龙头特斯拉都在上个月底官宣降价，试图在今年剩下的两个月里冲销量，可见市场里的竞争激烈程度。在特斯拉之后，福特电马等品牌也跟随降价，业内预期，接下来新势力们也不得加大促销优惠求销量。对于新势力来说，四季度是今年交付冲刺的重要阶段，无论是消化在手订单，还是通过优惠获取新订单，都需要加把劲。再次遇到产能问题的蔚来，已然火烧眉毛。这家四年前一度濒临破产，靠着用户抬进纳斯达克的造车新势力，很难再靠“饭圈”拯救自己了。它只能提升供应链管理、保障交付来赢得更多消费者青睐。","news_type":1,"symbols_score_info":{"09866":1,"EVS.SI":0.6,"NIO.SI":0.6,"NIO":1}},"isVote":1,"tweetType":1,"viewCount":1066,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9985677014,"gmtCreate":1667390637338,"gmtModify":1676537909894,"author":{"id":"3568697814695599","authorId":"3568697814695599","name":"HCBICE","avatar":"https://static.tigerbbs.com/b4851c4a27e84de19dd126ece72f2e29","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3568697814695599","idStr":"3568697814695599"},"themes":[],"htmlText":"[财迷]&nbsp;","listText":"[财迷]&nbsp;","text":"[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9985677014","repostId":"2280016933","repostType":4,"repost":{"id":"2280016933","kind":"news","pubTimestamp":1667388859,"share":"https://ttm.financial/m/news/2280016933?lang=en_US&edition=fundamental","pubTime":"2022-11-02 19:34","market":"us","language":"zh","title":"Goldman Sachs CEO: Global markets will be more balanced in the next few quarters, and trading may recover next year","url":"https://stock-news.laohu8.com/highlight/detail?id=2280016933","media":"智通财经","summary":"高盛首席执行官David Solomon表示，随着公司证券产品发行者和投资者逐渐适应更为严峻的环境，明年的交易活动可能会反弹。Solomon周三表示，资本市场“高度依赖信心”，市场参与者和资产配置者需","content":"<p><html><head></head><body><a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>CEO David Solomon said trading activity could rebound next year as issuers and investors of the company's securities products gradually adapt to a tougher environment. Solomon said Wednesday that capital markets are \"highly dependent on confidence\" and that market participants and asset allocators need time to adjust to the \"new reality\" of high interest rates, liquidity tightening and slowing growth. Solomon said that this situation may last \"two to four quarters, possibly six quarters.\"</p><p>\"We're in the middle of that, and I expect the next few quarters to be more balanced,\" Solomon said.Tightening policies by major central banks have hit financial markets hard so far this year, prompting investment banking clients to delay stock and bond sales, waiting for investors to show a more positive attitude.</p><p>\"As we enter 2023, we will begin to have a clear understanding of the trajectory of capital markets. Although issuers and investors have different valuations and costs of capital, they will'meet again ',\" he said.</p><p>UBS Chairman Colm Kelleher said at the same event that the revised valuation of P/E in the U.S. market has become more attractive, especially in consumer healthcare and certain commodities. \"If you look at the next nine months, you will see that the expected rate of return is actually quite attractive,\" he said.</p><p>Kelleher said that while central bankers are trying to find the right balance between interest rates and economic growth, they will keep inflation under control and there will be bright spots in investment. He pointed out that people are waiting for certainty about where the market is headed, rather than a \"capitulation trade\". \"We have record levels of cash in our global wealth management accounts,\" Kelleher said.</p><p></body></html></p>","source":"stock_zhitongcaijing","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 CEO: Global markets will be more balanced in the next few quarters, and trading may recover next year</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 CEO: Global markets will be more balanced in the next few quarters, and trading may recover next year\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">智通财经</strong><span class=\"h-time small\">2022-11-02 19:34</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body><a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>CEO David Solomon said trading activity could rebound next year as issuers and investors of the company's securities products gradually adapt to a tougher environment. Solomon said Wednesday that capital markets are \"highly dependent on confidence\" and that market participants and asset allocators need time to adjust to the \"new reality\" of high interest rates, liquidity tightening and slowing growth. Solomon said that this situation may last \"two to four quarters, possibly six quarters.\"</p><p>\"We're in the middle of that, and I expect the next few quarters to be more balanced,\" Solomon said.Tightening policies by major central banks have hit financial markets hard so far this year, prompting investment banking clients to delay stock and bond sales, waiting for investors to show a more positive attitude.</p><p>\"As we enter 2023, we will begin to have a clear understanding of the trajectory of capital markets. Although issuers and investors have different valuations and costs of capital, they will'meet again ',\" he said.</p><p>UBS Chairman Colm Kelleher said at the same event that the revised valuation of P/E in the U.S. market has become more attractive, especially in consumer healthcare and certain commodities. \"If you look at the next nine months, you will see that the expected rate of return is actually quite attractive,\" he said.</p><p>Kelleher said that while central bankers are trying to find the right balance between interest rates and economic growth, they will keep inflation under control and there will be bright spots in investment. He pointed out that people are waiting for certainty about where the market is headed, rather than a \"capitulation trade\". \"We have record levels of cash in our global wealth management accounts,\" Kelleher said.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"http://www.zhitongcaijing.com/content/detail/822088.html\">智通财经</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":{"GS":"高盛"},"source_url":"http://www.zhitongcaijing.com/content/detail/822088.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2280016933","content_text":"高盛首席执行官David Solomon表示，随着公司证券产品发行者和投资者逐渐适应更为严峻的环境，明年的交易活动可能会反弹。Solomon周三表示，资本市场“高度依赖信心”，市场参与者和资产配置者需要时间来适应高利率、流动性收紧和增长放缓的“新现实”。Solomon称，这种情况可能会持续“两到四个季度，也有可能是六个季度”。Solomon表示:“我们正处于这一过程中，我预计未来几个季度将更加平衡。”今年以来，各大央行的紧缩政策给金融市场带来了沉重打击，促使投资银行客户推迟了股票和债券的销售，等待投资者表现出更积极的态度。他表示：“随着我们进入2023年，我们将开始对资本市场的轨迹有一个清晰的理解。尽管发行者和投资者的估值和资本成本不同，但它们将‘再次相遇’。”瑞银董事长Colm Kelleher在同一场活动上称，美国市场市盈率修正后的估值变得更具吸引力，特别是在消费医疗保健和某些大宗商品领域。他称:“如果你看一下未来9个月的情况，你会发现预期回报率实际上相当诱人。”Kelleher表示，尽管央行官员们正努力在利率和经济增长之间找到合适的平衡点，但他们将控制住通胀，投资领域也会有亮点。他指出，人们在等待市场走向的确定性，而不是“投降交易”。Kelleher称：“我们的全球财富管理账户中有创纪录水平的现金。”","news_type":1,"symbols_score_info":{"GS":1}},"isVote":1,"tweetType":1,"viewCount":980,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9985036922,"gmtCreate":1667266457666,"gmtModify":1676537887775,"author":{"id":"3568697814695599","authorId":"3568697814695599","name":"HCBICE","avatar":"https://static.tigerbbs.com/b4851c4a27e84de19dd126ece72f2e29","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3568697814695599","idStr":"3568697814695599"},"themes":[],"htmlText":"[财迷]&nbsp;","listText":"[财迷]&nbsp;","text":"[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9985036922","repostId":"1111924597","repostType":4,"isVote":1,"tweetType":1,"viewCount":840,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9986706447,"gmtCreate":1667010246689,"gmtModify":1676537849298,"author":{"id":"3568697814695599","authorId":"3568697814695599","name":"HCBICE","avatar":"https://static.tigerbbs.com/b4851c4a27e84de19dd126ece72f2e29","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3568697814695599","idStr":"3568697814695599"},"themes":[],"htmlText":"[财迷]&nbsp;","listText":"[财迷]&nbsp;","text":"[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9986706447","repostId":"1164149013","repostType":4,"repost":{"id":"1164149013","kind":"news","pubTimestamp":1667006208,"share":"https://ttm.financial/m/news/1164149013?lang=en_US&edition=fundamental","pubTime":"2022-10-29 09:16","market":"hk","language":"zh","title":"The third quarterly report of public offering reveals the trend of position adjustment, which layouts will warm up before the market","url":"https://stock-news.laohu8.com/highlight/detail?id=1164149013","media":"第一财经","summary":"三季度基金经理们都买了啥？2022年公募基金三季报已基本披露完毕，多位明星基金经理的调仓布局情况和投资展望也浮出水面。对于A股震荡下跌的分化行情，基金经理做出了哪些调整？在市场迷茫之际，又有哪些板块具","content":"<p><div>What did fund managers buy in the third quarter? The third quarterly report of public funds in 2022 has been basically disclosed, and the position adjustment layout and investment prospects of many star fund managers have also surfaced. What adjustments have the fund manager made to the differentiated market of A-shares fluctuating and falling? When the market is confused, which sectors are attractive for investment? At the same time, after combing the data of multiple third-quarter reports, the reporter found that the management scale of many equity fund managers has shrunk significantly, perhaps due to the drag down of performance. For example, the management scale of China Europe Fund Gulen, E Fund Zhang Kun, and Invesco Great Wall Liu Yanchun all fell by more than 10 billion yuan at the end of the third quarter. Still...</p><p><a href=\"https://www.yicai.com/news/101577160.html\">Web link</a></div></p>","source":"dyvj","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 third quarterly report of public offering reveals the trend of position adjustment, which layouts will warm up before the market</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 third quarterly report of public offering reveals the trend of position adjustment, which layouts will warm up before the market\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">第一财经</strong><span class=\"h-time small\">2022-10-29 09:16</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div>What did fund managers buy in the third quarter? The third quarterly report of public funds in 2022 has been basically disclosed, and the position adjustment layout and investment prospects of many star fund managers have also surfaced. What adjustments have the fund manager made to the differentiated market of A-shares fluctuating and falling? When the market is confused, which sectors are attractive for investment? At the same time, after combing the data of multiple third-quarter reports, the reporter found that the management scale of many equity fund managers has shrunk significantly, perhaps due to the drag down of performance. For example, the management scale of China Europe Fund Gulen, E Fund Zhang Kun, and Invesco Great Wall Liu Yanchun all fell by more than 10 billion yuan at the end of the third quarter. Still...</p><p><a href=\"https://www.yicai.com/news/101577160.html\">Web link</a></div></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://www.yicai.com/news/101577160.html\">第一财经</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/41a3265725dba67c0660b26a189585aa","relate_stocks":{},"source_url":"https://www.yicai.com/news/101577160.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1164149013","content_text":"三季度基金经理们都买了啥？2022年公募基金三季报已基本披露完毕，多位明星基金经理的调仓布局情况和投资展望也浮出水面。对于A股震荡下跌的分化行情，基金经理做出了哪些调整？在市场迷茫之际，又有哪些板块具有投资吸引力？与此同时，记者梳理多份三季报数据后发现，或许受业绩拖累，多位权益类基金经理的管理规模大幅缩水。例如中欧基金葛兰、易方达基金张坤、景顺长城刘彦春的三季度末管理规模均下滑超过100亿元。不过，站在当前时点，有多位基金经理表示，A股市场虽然受各种负面因素冲击呈现反复寻底的态势，但市场经历大幅下跌后，提供了对长期投资者有吸引力的出价，当前环境下价值股的性价比较高。贵州茅台蝉联第一大重仓股数据显示，截至10月28日，公募基金2022年三季报披露已经基本落下帷幕，9月末市场前十大基金重仓股也随之揭晓。其中，贵州茅台仍以1769亿元的的基金持股总市值，为公募基金头号重仓股；宁德时代则以1097亿元紧随其后。从基金配置情况来看，三季度末将上述2只个股纳入重仓持股范畴的基金数量分别为2067只、1542只。与二季报数据不同的是，泸州老窖取代隆基绿能，成为公募基金第三大重仓股，迈瑞医疗、亿纬锂能分别被增持1264万股、2268万股，晋升十大基金重仓股行列。而药明康德在二季度被减持1.04亿股后，三季度继续被减持9742万股后，基金持仓排位从前十大落至第13位；东方财富则被减持5.89亿股，基金持仓从二季度的第八位降至三季度的第19位。从行业角度而言，白酒类个股依旧占据重要地位，在前十大重仓股中占比最高，获得四个席位。除了贵州茅台稳居首位、泸州老窖为第三位，五粮液、山西汾酒分列第四、第六位。不过，值得注意的是，上述四只白酒股在三季度被重仓基金合计减持1711万股。Wind资讯数据显示，与此前二季度末相比，三季度末持股数增加逾1亿股的基金重仓股共有36只，其中有色金属及银行板块是加仓的重点，分别被加仓10亿股、8亿股；被减持超过1亿股的个股数量为21只，其中，汽车行业个股遭遇明显减持，例如，长城汽车、吉利汽车、长安汽车分别被减持1.89亿股、1.32亿股、1.06亿股。整体而言，截至三季度末，以申万一级行业为基准，在公募基金重仓股中，电力设备、食品饮料、医药生物、电子、有色金属等五大行业的基金持股总市值最高，被重仓的个股数量分别为193只、73只、281只、98只。从前五十大重仓股来看，食品饮料、电力设备、医药生物等行业个股是重仓的主要标的。另一方面，三季度以来，陆股通资金最为青睐的三大行业是电力设备、医药生物、有色金属，分别净流入55.25亿元、50.3亿元、49.66亿元；主要净流出银行、建筑材料和家用电器，分别净流出218.61亿元、68.98亿元、50.34亿元。另据数据显示，截至2022年三季度末，北向资金持股市值占陆股通总持股比例最高的三个行业是食品饮料、电力设备及新能源、医药，分别为15.59%、14.32%、8.36%。医药板块仍具吸引力三季度，A股市场重回震荡走势，医药生物板块出现了较大调整，相关主题基金也“损失惨重”。作为业内知名的医药基金经理之一，中欧基金明星基金经理葛兰管理的产品净值明显受到不利影响。基金三季度调仓轨迹显示，葛兰在三季度对股票仓位进行了小幅减仓动作。例如，她管理的中欧医疗创新、中欧医疗健康三季度末的股票仓位环比分别调低了2.98和2.37个百分点，但仍保持85%以上的仓位。以规模最大的中欧医疗健康A为例，据该基金的前十大重仓股数据显示，葛兰在三季度分别加仓爱尔眼科32.07%、凯莱英39.69%、恒瑞医药97.52%，小幅减持了迈瑞医疗、通策医疗和片仔癀。另一位公募医药行业明星基金经理赵蓓也有同样举动。以其管理规模最大的工银瑞信前沿医疗A为例，她在三季度小幅下调了该产品的股票仓位至85.93%。其重仓股数据显示，赵蓓在三季度加仓了爱尔眼科100%、凯莱英37.31%，同时还增持了同仁堂30.68%、九洲药业13.7%。与此同时，在三季度重仓股中加大对医药等行业配置的还有多位明星基金经理。例如，易方达基金的张坤在其管理规模最大的易方达蓝筹精选中就加仓了药明生物100.74%；景顺长城基金的刘彦春则在景顺长城鼎益中加仓爱尔眼科29.92%。“三季度，受内外部环境影响，市场情绪较为脆弱，医药生物板块整体出现了较大调整。”葛兰在季报中表示，从基本面角度来看，尽管面临着疫情的扰动，但总体来看医药生物板块延续了二季度末的恢复趋势。在葛兰看来，宏观环境短期仍有不确定性，但行业面对相关不确定性扰动的准备也更加充分，预计四季度仍将是震荡恢复的趋势。长期来看，医药行业的增长逻辑没有发生根本性的变化。创新是行业成长最为重要的驱动力。“整体而言，我们依然看好医药生物板块的中长期投资机会，但短期市场波动难以避免”。葛兰如是说。赵蓓认为，今年以来医药行业也经历了港股和美股创新药板块的下跌引起投资者对一级市场投融资进而对创新药企研发投入和CXO行业订单的担忧，经历了地缘政治因素影响CXO企业海外订单的担忧，经历了疫情对消费行业景气度负面冲击的担忧，总体也呈现了巨大的波动性。在具体的投资方向上，赵蓓表示，会选择顺应产业发展方向的细分领域。“三季度我们在细分领域的布局上做了一些均衡，四季度会延续均衡的思路，依然布局在估值相对合理的中药、消费医疗、CXO、器械等方向。”新能源热度不减在经历前期的大幅反弹后，新能源行业在三季度跟随市场指数大幅回调。在今年第三季度，中证新能源指数下跌20.07%，大幅跑输上证指数9.06%，也跑输创业板综指4.28%。作为最为热门的行业之一，新能源在三季报的调仓换股中多有体现。例如，睿远基金的傅鹏博管理的睿远成长价值A季报数据显示，其在三季度对于跌幅较大的新能源和光伏板块，逆势增加了布局。数据显示，该基金对宁德时代、金博股份、通威股份等电池和光伏个股进行增持，增持幅度分别为302.71%、86.44%、13.46%。其中，宁德时代首次跃升进该基金前十大重仓股行列，成为其第二大重仓股。而中欧基金的周蔚文三季度降低了电子、医药的配置。他管理的中欧时代先锋A三季报数据显示，其对宁德时代、晶澳科技、隆基绿能进行了小幅减仓。而上述三只个股在二季度均被其加仓。建信基金的陶灿则把建信新能源A的股票仓位由92.39%下调至86.39%，维持中性仓位期间，其超配能源金属、海上风电、大储和锂电制造板块，增持中矿资源、TCL中环、中天科技、亨通光电。“展望四季度，海外加息所依据的数据能否出现拐点，国内疫情和经济冲击的边际变化是我们关注的焦点。”傅鹏博表示。对于新能源板块出现的技术迭代、竞争格局变化、公司核心壁垒的消长，傅鹏博表示会保持紧密跟踪，“今年传统能源的表现突出，这是短暂的‘复兴’还是较长时间的‘景气’，也会进行动态评估。”他表示。安信新能源主题A基金经理陈思表示，仍然对新能源行业的长期发展抱有信心，当前估值下不必再过度悲观。“站在长期的产业视角，电动车在全球仍处于加速渗透的阶段，中国企业在全球具备明显的竞争优势，很多优秀公司的估值已经进入值得重点布局的区间。”陈思表示，储能是新能源板块内景气度最高的细分领域。在能源转型和能源通胀的大背景下，中、美、欧三地同时面临可再生能源占比提升及能源价格居高不下的困境，储能是解决新能源发电不稳定的必要手段。但她也认为，储能行业内公司的竞争优势和竞争格局尚未清晰，需要仔细地筛选。对于光伏行业，陶灿表示，海外需求受益于能源紧张维持高景气，原材料成本压力尚未根本缓解，后续随着硅料产能释放，国内地面电站需求有望得到改善；风电行业招标量超预期，但装机需求疲软，海上风电地方政府出台的政策力度较大，发展趋势较为乐观。“以买房的心态来投资股票”三季度的市场持续震荡下跌，沪深300指数下跌15.16%，上证指数下跌11.01%，创业板指数下跌18.56%。香港市场同样下跌，恒生指数下跌21.21%，恒生中国企业指数下跌22.86%。市场表现不佳，相关基金产品的业绩自然也深受影响。或受业绩连累，多位知名基金经理的管理规模有所下滑。例如，葛兰在三季度末的管理规模为875.46亿元，较之二季度末缩水了142亿元。另外，易方达基金张坤、景顺长城刘彦春、兴证全球基金谢治宇均在三季度缩水超过100亿元。对于三季度行情表现，张坤表示，市场充斥着各种各样的担忧：各地疫情反复、地产销售的下滑、人民币汇率等等，似乎每个因素都会对企业的近期经营业绩产生影响。然而，对于中远期（比如三五年后）企业的经营情况，投资者似乎不太关心。在他看来，从现金流折现角度，企业的最大部分价值通常来自远期的永续部分。长期来看，国人的勤奋和智慧毋庸多言，只要走出疫情的阴霾，市场经济充分发挥作用，各行各业都会产生优秀企业家领导的优秀企业，助力中国经济的崛起。张坤直言，投资者如果以买房的心态来投资股票，包括细致的基本面分析（大量调研楼盘）、重仓买入（投入大量资金）、长期持有（不因为短期房价波动而进行交易），可能效果会好得多。“在理性的世界中，股票交易量是不会很高的，在实际世界中，股票投资者却经常对短暂且无关紧要的日常信息做出反应。但实际上，市场先生是来服务投资者的，而不是来指导投资者的。”张坤说。刘彦春同样认为，短期事件冲击带来的更多是投资机会。他表示，“近几年，短期因素对市场干扰较多。疫情反复，国际关系错综复杂，实体经济和股票市场都受到了较大影响。我们始终认为决定公司市值的是企业全生命周期可以为股东创造的价值。”","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":895,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9986186374,"gmtCreate":1666913704899,"gmtModify":1676537828473,"author":{"id":"3568697814695599","authorId":"3568697814695599","name":"HCBICE","avatar":"https://static.tigerbbs.com/b4851c4a27e84de19dd126ece72f2e29","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3568697814695599","idStr":"3568697814695599"},"themes":[],"htmlText":"[财迷]&nbsp;","listText":"[财迷]&nbsp;","text":"[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":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07:22","market":"us","language":"zh","title":"Goldman Sachs: It is expected that the probability of OPEC cutting crude oil production is very high, and oil prices will reach US $110 next year","url":"https://stock-news.laohu8.com/highlight/detail?id=2287507941","media":"华尔街见闻","summary":"高盛预测，在通胀依然维持高位、经济衰退迹象越来越明显、多个原油进口国需求陡降以及欧盟寻求对俄罗斯原油制定价格上限之际，OPEC+极有可能采取进一步措施来阻止油价下跌并试图平衡市场供需。","content":"<p><html><head></head><body>Goldman Sachs predicts that as inflation remains high, signs of economic recession become increasingly obvious, demand from many crude oil importing countries plummets, and the European Union seeks to set a price cap on Russian crude oil, OPEC + is likely to take further measures to stop oil prices falling and try to balance market supply and demand. Tuesday, November 29th,<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>It is forecast that as inflation remains high, signs of economic recession become increasingly obvious, demand from many crude oil importing countries plummets, and the European Union seeks to set a price cap on Russian crude oil, OPEC + is likely to take further measures to stop oil prices falling and try to balance market supply and demand.</p><p>Jeff Currie, global head of commodities at Goldman Sachs, said on Tuesday that a variety of factors led the bank to cut its oil price forecast in recent months:</p><p>First, the dollar. What is the definition of inflation? Too much money chasing too little merchandise. The second factor is Russian crude oil. Russia is working hard to bring its own crude oil to the market before the price cap takes effect on December 5. Currie said he was \"very optimistic\" about the medium-term oil outlook in 2023 and that Goldman Sachs would \"stick to its ground\" with a forecast of $110 a barrel for Brent next year.</p><p>This means that compared with the current price of about 85 US dollars per barrel, there is still nearly 30% room for oil prices to rise next year.</p><p><img src=\"https://static.tigerbbs.com/53a2f18b009821da60eeea7f4ad30f8c\" tg-width=\"1024\" tg-height=\"674\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>However, Currie also acknowledged that there is \"a lot of uncertainty\" ahead.</p><p>Brent crude oil futures prices soared after the outbreak of geopolitical conflicts in Eastern Europe in February this year, and remained above $110 for a long time from March to June, and reached above $120 many times. Then the price began to gradually decline.</p><p>OPEC agreed in early October to cut production by 2 million barrels per day starting in November. At that time, this move drew strong dissatisfaction from the United States, which had asked OPEC to maintain or even increase production to ease U.S. inflation and help the global economy recover.</p><p>OPEC + recently hinted that it may implement deeper production cuts to stimulate a recovery in crude oil prices.</p><p>On Monday, media reports said Saudi Arabia and other oil producers were considering announcing new production cuts at the upcoming OPEC + meeting amid a slowdown in global crude oil demand.</p><p>Earlier on Monday, the consulting firm<a href=\"https://laohu8.com/S/600697\">Eurasia Group</a>According to a report, due to the recent sharp drop in international crude oil prices, OPEC + plans to \"seriously consider\" the possibility of introducing new production reduction measures at its next regular meeting in early December:</p><p>Given overall market conditions, OPEC will seriously consider new production cuts at its upcoming meeting, especially if crude oil prices fall well below current levels next week. Ultimately, the decision will depend on the trend of oil prices at the time of the OPEC + meeting and the extent of disruption EU sanctions will cause to the market. Last week, Saudi Arabia denied that OPEC + members would discuss the option of increasing production. Saudi Energy Minister Prince Abdulaziz bin Salman said that OPEC + was \"ready to intervene\" if it was needed to \"balance supply and demand\", further reducing supply.</p><p></body></html></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>Goldman Sachs: It is expected that the probability of OPEC cutting crude oil production is very high, and oil prices will reach US $110 next year</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: It is expected that the probability of OPEC cutting crude oil production is very high, and oil prices will reach US $110 next year\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\">2022-11-30 07:22</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Goldman Sachs predicts that as inflation remains high, signs of economic recession become increasingly obvious, demand from many crude oil importing countries plummets, and the European Union seeks to set a price cap on Russian crude oil, OPEC + is likely to take further measures to stop oil prices falling and try to balance market supply and demand. Tuesday, November 29th,<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>It is forecast that as inflation remains high, signs of economic recession become increasingly obvious, demand from many crude oil importing countries plummets, and the European Union seeks to set a price cap on Russian crude oil, OPEC + is likely to take further measures to stop oil prices falling and try to balance market supply and demand.</p><p>Jeff Currie, global head of commodities at Goldman Sachs, said on Tuesday that a variety of factors led the bank to cut its oil price forecast in recent months:</p><p>First, the dollar. What is the definition of inflation? Too much money chasing too little merchandise. The second factor is Russian crude oil. Russia is working hard to bring its own crude oil to the market before the price cap takes effect on December 5. Currie said he was \"very optimistic\" about the medium-term oil outlook in 2023 and that Goldman Sachs would \"stick to its ground\" with a forecast of $110 a barrel for Brent next year.</p><p>This means that compared with the current price of about 85 US dollars per barrel, there is still nearly 30% room for oil prices to rise next year.</p><p><img src=\"https://static.tigerbbs.com/53a2f18b009821da60eeea7f4ad30f8c\" tg-width=\"1024\" tg-height=\"674\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>However, Currie also acknowledged that there is \"a lot of uncertainty\" ahead.</p><p>Brent crude oil futures prices soared after the outbreak of geopolitical conflicts in Eastern Europe in February this year, and remained above $110 for a long time from March to June, and reached above $120 many times. Then the price began to gradually decline.</p><p>OPEC agreed in early October to cut production by 2 million barrels per day starting in November. At that time, this move drew strong dissatisfaction from the United States, which had asked OPEC to maintain or even increase production to ease U.S. inflation and help the global economy recover.</p><p>OPEC + recently hinted that it may implement deeper production cuts to stimulate a recovery in crude oil prices.</p><p>On Monday, media reports said Saudi Arabia and other oil producers were considering announcing new production cuts at the upcoming OPEC + meeting amid a slowdown in global crude oil demand.</p><p>Earlier on Monday, the consulting firm<a href=\"https://laohu8.com/S/600697\">Eurasia Group</a>According to a report, due to the recent sharp drop in international crude oil prices, OPEC + plans to \"seriously consider\" the possibility of introducing new production reduction measures at its next regular meeting in early December:</p><p>Given overall market conditions, OPEC will seriously consider new production cuts at its upcoming meeting, especially if crude oil prices fall well below current levels next week. Ultimately, the decision will depend on the trend of oil prices at the time of the OPEC + meeting and the extent of disruption EU sanctions will cause to the market. Last week, Saudi Arabia denied that OPEC + members would discuss the option of increasing production. Saudi Energy Minister Prince Abdulaziz bin Salman said that OPEC + was \"ready to intervene\" if it was needed to \"balance supply and demand\", further reducing supply.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3676212\">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/5a4a666a090d4f1214e1749db962100a","relate_stocks":{},"source_url":"https://wallstreetcn.com/articles/3676212","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2287507941","content_text":"高盛预测，在通胀依然维持高位、经济衰退迹象越来越明显、多个原油进口国需求陡降以及欧盟寻求对俄罗斯原油制定价格上限之际，OPEC+极有可能采取进一步措施来阻止油价下跌并试图平衡市场供需。11月29日周二，高盛预测，在通胀依然维持高位、经济衰退迹象越来越明显、多个原油进口国需求陡降以及欧盟寻求对俄罗斯原油制定价格上限之际，OPEC+极有可能采取进一步措施来阻止油价下跌并试图平衡市场供需。高盛全球大宗商品主管Jeff Currie周二表示，多种因素导致该行下调了近几个月的油价预测：首先是美元。通货膨胀的定义是什么？太多的钱追逐太少的商品。第二个因素俄罗斯原油，俄罗斯正在努力在12月5日的价格上限生效之前，把自己的原油推向市场。Currie表示，他对2023年的中期石油前景“非常乐观”，高盛将“坚持其立场”，对明年布伦特原油的预测为每桶110美元。这意味着，和当前大约85美元每桶的价格相比，明年油价还有近30%的上涨空间。然而，Currie也承认，未来存在“很多不确定性”。布伦特原油期货价格在今年2月份东欧地缘冲突爆发后飙涨，并在3月至6月长时间维持在110美元上方，并多次达到120美元上方。随后价格开始逐步走低。OPEC+在10月初同意，从11月开始，每天减产200万桶，当时这一举措招致美国的强烈不满，因为美国曾要求OPEC+维持产量甚至增产以缓解美国通胀，并帮助全球经济复苏。OPEC+最近暗示可能实施更大幅度的减产以刺激原油价格回升。周一，媒体报道称，在全球原油需求放缓的情况下，沙特和其他产油国考虑在即将召开的OPEC+会议上宣布新的减产措施。周一早些时候，咨询公司欧亚集团在一份报告中表示，因近期国际原油价格已出现大幅回落，OPEC+拟在12月初举行的下一次例会上“严肃地考虑”出台新减产措施的可能性：鉴于整体市场状况，OPEC+将在即将召开的会议上严肃地考虑新的减产措施，特别是如果原油价格在下周跌至远低于当前水平的情况下。最终，该决定将取决于OPEC+会议时油价的走势，以及欧盟制裁对市场造成的破坏程度。上周，沙特阿拉伯否认OPEC+成员国将讨论增产这一选项，沙特能源大臣阿卜杜勒阿齐兹·本·萨勒曼亲王表示，如果需要“平衡供需”，OPEC+“准备好进行干预”，进一步减少供应。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":3320,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9966672840,"gmtCreate":1669531080481,"gmtModify":1676538205514,"author":{"id":"3568697814695599","authorId":"3568697814695599","name":"HCBICE","avatar":"https://static.tigerbbs.com/b4851c4a27e84de19dd126ece72f2e29","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3568697814695599","idStr":"3568697814695599"},"themes":[],"htmlText":"[财迷]&nbsp;","listText":"[财迷]&nbsp;","text":"[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9966672840","repostId":"1108771392","repostType":4,"isVote":1,"tweetType":1,"viewCount":3453,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9966672304,"gmtCreate":1669531053308,"gmtModify":1676538205513,"author":{"id":"3568697814695599","authorId":"3568697814695599","name":"HCBICE","avatar":"https://static.tigerbbs.com/b4851c4a27e84de19dd126ece72f2e29","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3568697814695599","idStr":"3568697814695599"},"themes":[],"htmlText":"[财迷]&nbsp;","listText":"[财迷]&nbsp;","text":"[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9966672304","repostId":"1120274684","repostType":4,"isVote":1,"tweetType":1,"viewCount":3289,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9986706447,"gmtCreate":1667010246689,"gmtModify":1676537849298,"author":{"id":"3568697814695599","authorId":"3568697814695599","name":"HCBICE","avatar":"https://static.tigerbbs.com/b4851c4a27e84de19dd126ece72f2e29","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3568697814695599","idStr":"3568697814695599"},"themes":[],"htmlText":"[财迷]&nbsp;","listText":"[财迷]&nbsp;","text":"[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9986706447","repostId":"1164149013","repostType":4,"repost":{"id":"1164149013","kind":"news","pubTimestamp":1667006208,"share":"https://ttm.financial/m/news/1164149013?lang=en_US&edition=fundamental","pubTime":"2022-10-29 09:16","market":"hk","language":"zh","title":"The third quarterly report of public offering reveals the trend of position adjustment, which layouts will warm up before the market","url":"https://stock-news.laohu8.com/highlight/detail?id=1164149013","media":"第一财经","summary":"三季度基金经理们都买了啥？2022年公募基金三季报已基本披露完毕，多位明星基金经理的调仓布局情况和投资展望也浮出水面。对于A股震荡下跌的分化行情，基金经理做出了哪些调整？在市场迷茫之际，又有哪些板块具","content":"<p><div>What did fund managers buy in the third quarter? The third quarterly report of public funds in 2022 has been basically disclosed, and the position adjustment layout and investment prospects of many star fund managers have also surfaced. What adjustments have the fund manager made to the differentiated market of A-shares fluctuating and falling? When the market is confused, which sectors are attractive for investment? At the same time, after combing the data of multiple third-quarter reports, the reporter found that the management scale of many equity fund managers has shrunk significantly, perhaps due to the drag down of performance. For example, the management scale of China Europe Fund Gulen, E Fund Zhang Kun, and Invesco Great Wall Liu Yanchun all fell by more than 10 billion yuan at the end of the third quarter. Still...</p><p><a href=\"https://www.yicai.com/news/101577160.html\">Web link</a></div></p>","source":"dyvj","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 third quarterly report of public offering reveals the trend of position adjustment, which layouts will warm up before the market</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 third quarterly report of public offering reveals the trend of position adjustment, which layouts will warm up before the market\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">第一财经</strong><span class=\"h-time small\">2022-10-29 09:16</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div>What did fund managers buy in the third quarter? The third quarterly report of public funds in 2022 has been basically disclosed, and the position adjustment layout and investment prospects of many star fund managers have also surfaced. What adjustments have the fund manager made to the differentiated market of A-shares fluctuating and falling? When the market is confused, which sectors are attractive for investment? At the same time, after combing the data of multiple third-quarter reports, the reporter found that the management scale of many equity fund managers has shrunk significantly, perhaps due to the drag down of performance. For example, the management scale of China Europe Fund Gulen, E Fund Zhang Kun, and Invesco Great Wall Liu Yanchun all fell by more than 10 billion yuan at the end of the third quarter. Still...</p><p><a href=\"https://www.yicai.com/news/101577160.html\">Web link</a></div></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://www.yicai.com/news/101577160.html\">第一财经</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/41a3265725dba67c0660b26a189585aa","relate_stocks":{},"source_url":"https://www.yicai.com/news/101577160.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1164149013","content_text":"三季度基金经理们都买了啥？2022年公募基金三季报已基本披露完毕，多位明星基金经理的调仓布局情况和投资展望也浮出水面。对于A股震荡下跌的分化行情，基金经理做出了哪些调整？在市场迷茫之际，又有哪些板块具有投资吸引力？与此同时，记者梳理多份三季报数据后发现，或许受业绩拖累，多位权益类基金经理的管理规模大幅缩水。例如中欧基金葛兰、易方达基金张坤、景顺长城刘彦春的三季度末管理规模均下滑超过100亿元。不过，站在当前时点，有多位基金经理表示，A股市场虽然受各种负面因素冲击呈现反复寻底的态势，但市场经历大幅下跌后，提供了对长期投资者有吸引力的出价，当前环境下价值股的性价比较高。贵州茅台蝉联第一大重仓股数据显示，截至10月28日，公募基金2022年三季报披露已经基本落下帷幕，9月末市场前十大基金重仓股也随之揭晓。其中，贵州茅台仍以1769亿元的的基金持股总市值，为公募基金头号重仓股；宁德时代则以1097亿元紧随其后。从基金配置情况来看，三季度末将上述2只个股纳入重仓持股范畴的基金数量分别为2067只、1542只。与二季报数据不同的是，泸州老窖取代隆基绿能，成为公募基金第三大重仓股，迈瑞医疗、亿纬锂能分别被增持1264万股、2268万股，晋升十大基金重仓股行列。而药明康德在二季度被减持1.04亿股后，三季度继续被减持9742万股后，基金持仓排位从前十大落至第13位；东方财富则被减持5.89亿股，基金持仓从二季度的第八位降至三季度的第19位。从行业角度而言，白酒类个股依旧占据重要地位，在前十大重仓股中占比最高，获得四个席位。除了贵州茅台稳居首位、泸州老窖为第三位，五粮液、山西汾酒分列第四、第六位。不过，值得注意的是，上述四只白酒股在三季度被重仓基金合计减持1711万股。Wind资讯数据显示，与此前二季度末相比，三季度末持股数增加逾1亿股的基金重仓股共有36只，其中有色金属及银行板块是加仓的重点，分别被加仓10亿股、8亿股；被减持超过1亿股的个股数量为21只，其中，汽车行业个股遭遇明显减持，例如，长城汽车、吉利汽车、长安汽车分别被减持1.89亿股、1.32亿股、1.06亿股。整体而言，截至三季度末，以申万一级行业为基准，在公募基金重仓股中，电力设备、食品饮料、医药生物、电子、有色金属等五大行业的基金持股总市值最高，被重仓的个股数量分别为193只、73只、281只、98只。从前五十大重仓股来看，食品饮料、电力设备、医药生物等行业个股是重仓的主要标的。另一方面，三季度以来，陆股通资金最为青睐的三大行业是电力设备、医药生物、有色金属，分别净流入55.25亿元、50.3亿元、49.66亿元；主要净流出银行、建筑材料和家用电器，分别净流出218.61亿元、68.98亿元、50.34亿元。另据数据显示，截至2022年三季度末，北向资金持股市值占陆股通总持股比例最高的三个行业是食品饮料、电力设备及新能源、医药，分别为15.59%、14.32%、8.36%。医药板块仍具吸引力三季度，A股市场重回震荡走势，医药生物板块出现了较大调整，相关主题基金也“损失惨重”。作为业内知名的医药基金经理之一，中欧基金明星基金经理葛兰管理的产品净值明显受到不利影响。基金三季度调仓轨迹显示，葛兰在三季度对股票仓位进行了小幅减仓动作。例如，她管理的中欧医疗创新、中欧医疗健康三季度末的股票仓位环比分别调低了2.98和2.37个百分点，但仍保持85%以上的仓位。以规模最大的中欧医疗健康A为例，据该基金的前十大重仓股数据显示，葛兰在三季度分别加仓爱尔眼科32.07%、凯莱英39.69%、恒瑞医药97.52%，小幅减持了迈瑞医疗、通策医疗和片仔癀。另一位公募医药行业明星基金经理赵蓓也有同样举动。以其管理规模最大的工银瑞信前沿医疗A为例，她在三季度小幅下调了该产品的股票仓位至85.93%。其重仓股数据显示，赵蓓在三季度加仓了爱尔眼科100%、凯莱英37.31%，同时还增持了同仁堂30.68%、九洲药业13.7%。与此同时，在三季度重仓股中加大对医药等行业配置的还有多位明星基金经理。例如，易方达基金的张坤在其管理规模最大的易方达蓝筹精选中就加仓了药明生物100.74%；景顺长城基金的刘彦春则在景顺长城鼎益中加仓爱尔眼科29.92%。“三季度，受内外部环境影响，市场情绪较为脆弱，医药生物板块整体出现了较大调整。”葛兰在季报中表示，从基本面角度来看，尽管面临着疫情的扰动，但总体来看医药生物板块延续了二季度末的恢复趋势。在葛兰看来，宏观环境短期仍有不确定性，但行业面对相关不确定性扰动的准备也更加充分，预计四季度仍将是震荡恢复的趋势。长期来看，医药行业的增长逻辑没有发生根本性的变化。创新是行业成长最为重要的驱动力。“整体而言，我们依然看好医药生物板块的中长期投资机会，但短期市场波动难以避免”。葛兰如是说。赵蓓认为，今年以来医药行业也经历了港股和美股创新药板块的下跌引起投资者对一级市场投融资进而对创新药企研发投入和CXO行业订单的担忧，经历了地缘政治因素影响CXO企业海外订单的担忧，经历了疫情对消费行业景气度负面冲击的担忧，总体也呈现了巨大的波动性。在具体的投资方向上，赵蓓表示，会选择顺应产业发展方向的细分领域。“三季度我们在细分领域的布局上做了一些均衡，四季度会延续均衡的思路，依然布局在估值相对合理的中药、消费医疗、CXO、器械等方向。”新能源热度不减在经历前期的大幅反弹后，新能源行业在三季度跟随市场指数大幅回调。在今年第三季度，中证新能源指数下跌20.07%，大幅跑输上证指数9.06%，也跑输创业板综指4.28%。作为最为热门的行业之一，新能源在三季报的调仓换股中多有体现。例如，睿远基金的傅鹏博管理的睿远成长价值A季报数据显示，其在三季度对于跌幅较大的新能源和光伏板块，逆势增加了布局。数据显示，该基金对宁德时代、金博股份、通威股份等电池和光伏个股进行增持，增持幅度分别为302.71%、86.44%、13.46%。其中，宁德时代首次跃升进该基金前十大重仓股行列，成为其第二大重仓股。而中欧基金的周蔚文三季度降低了电子、医药的配置。他管理的中欧时代先锋A三季报数据显示，其对宁德时代、晶澳科技、隆基绿能进行了小幅减仓。而上述三只个股在二季度均被其加仓。建信基金的陶灿则把建信新能源A的股票仓位由92.39%下调至86.39%，维持中性仓位期间，其超配能源金属、海上风电、大储和锂电制造板块，增持中矿资源、TCL中环、中天科技、亨通光电。“展望四季度，海外加息所依据的数据能否出现拐点，国内疫情和经济冲击的边际变化是我们关注的焦点。”傅鹏博表示。对于新能源板块出现的技术迭代、竞争格局变化、公司核心壁垒的消长，傅鹏博表示会保持紧密跟踪，“今年传统能源的表现突出，这是短暂的‘复兴’还是较长时间的‘景气’，也会进行动态评估。”他表示。安信新能源主题A基金经理陈思表示，仍然对新能源行业的长期发展抱有信心，当前估值下不必再过度悲观。“站在长期的产业视角，电动车在全球仍处于加速渗透的阶段，中国企业在全球具备明显的竞争优势，很多优秀公司的估值已经进入值得重点布局的区间。”陈思表示，储能是新能源板块内景气度最高的细分领域。在能源转型和能源通胀的大背景下，中、美、欧三地同时面临可再生能源占比提升及能源价格居高不下的困境，储能是解决新能源发电不稳定的必要手段。但她也认为，储能行业内公司的竞争优势和竞争格局尚未清晰，需要仔细地筛选。对于光伏行业，陶灿表示，海外需求受益于能源紧张维持高景气，原材料成本压力尚未根本缓解，后续随着硅料产能释放，国内地面电站需求有望得到改善；风电行业招标量超预期，但装机需求疲软，海上风电地方政府出台的政策力度较大，发展趋势较为乐观。“以买房的心态来投资股票”三季度的市场持续震荡下跌，沪深300指数下跌15.16%，上证指数下跌11.01%，创业板指数下跌18.56%。香港市场同样下跌，恒生指数下跌21.21%，恒生中国企业指数下跌22.86%。市场表现不佳，相关基金产品的业绩自然也深受影响。或受业绩连累，多位知名基金经理的管理规模有所下滑。例如，葛兰在三季度末的管理规模为875.46亿元，较之二季度末缩水了142亿元。另外，易方达基金张坤、景顺长城刘彦春、兴证全球基金谢治宇均在三季度缩水超过100亿元。对于三季度行情表现，张坤表示，市场充斥着各种各样的担忧：各地疫情反复、地产销售的下滑、人民币汇率等等，似乎每个因素都会对企业的近期经营业绩产生影响。然而，对于中远期（比如三五年后）企业的经营情况，投资者似乎不太关心。在他看来，从现金流折现角度，企业的最大部分价值通常来自远期的永续部分。长期来看，国人的勤奋和智慧毋庸多言，只要走出疫情的阴霾，市场经济充分发挥作用，各行各业都会产生优秀企业家领导的优秀企业，助力中国经济的崛起。张坤直言，投资者如果以买房的心态来投资股票，包括细致的基本面分析（大量调研楼盘）、重仓买入（投入大量资金）、长期持有（不因为短期房价波动而进行交易），可能效果会好得多。“在理性的世界中，股票交易量是不会很高的，在实际世界中，股票投资者却经常对短暂且无关紧要的日常信息做出反应。但实际上，市场先生是来服务投资者的，而不是来指导投资者的。”张坤说。刘彦春同样认为，短期事件冲击带来的更多是投资机会。他表示，“近几年，短期因素对市场干扰较多。疫情反复，国际关系错综复杂，实体经济和股票市场都受到了较大影响。我们始终认为决定公司市值的是企业全生命周期可以为股东创造的价值。”","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":895,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9986186374,"gmtCreate":1666913704899,"gmtModify":1676537828473,"author":{"id":"3568697814695599","authorId":"3568697814695599","name":"HCBICE","avatar":"https://static.tigerbbs.com/b4851c4a27e84de19dd126ece72f2e29","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3568697814695599","idStr":"3568697814695599"},"themes":[],"htmlText":"[财迷]&nbsp;","listText":"[财迷]&nbsp;","text":"[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9986186374","repostId":"2278017007","repostType":4,"isVote":1,"tweetType":1,"viewCount":1363,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9988451731,"gmtCreate":1666826339123,"gmtModify":1676537810873,"author":{"id":"3568697814695599","authorId":"3568697814695599","name":"HCBICE","avatar":"https://static.tigerbbs.com/b4851c4a27e84de19dd126ece72f2e29","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3568697814695599","idStr":"3568697814695599"},"themes":[],"htmlText":"[财迷]&nbsp;","listText":"[财迷]&nbsp;","text":"[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9988451731","repostId":"1184955376","repostType":4,"isVote":1,"tweetType":1,"viewCount":978,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9981895476,"gmtCreate":1666450286095,"gmtModify":1676537757429,"author":{"id":"3568697814695599","authorId":"3568697814695599","name":"HCBICE","avatar":"https://static.tigerbbs.com/b4851c4a27e84de19dd126ece72f2e29","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3568697814695599","idStr":"3568697814695599"},"themes":[],"htmlText":"[无语]&nbsp;","listText":"[无语]&nbsp;","text":"[无语]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9981895476","repostId":"1137093031","repostType":4,"repost":{"id":"1137093031","kind":"news","pubTimestamp":1666433451,"share":"https://ttm.financial/m/news/1137093031?lang=en_US&edition=fundamental","pubTime":"2022-10-22 18:10","market":"us","language":"zh","title":"Vaccine stocks have collectively soared, and the wave of overseas COVID-19 vaccine price increases is coming?","url":"https://stock-news.laohu8.com/highlight/detail?id=1137093031","media":"华尔街见闻","summary":"辉瑞预计其疫苗价格将涨至每剂110美元至130美元。","content":"<p><html><head></head><body>Author: Han Xuyang</p><p>As vaccines will be transferred from the U.S. federal government-managed system to the commercial market, overseas COVID-19 vaccine may usher in a wave of price increases.</p><p>On October 20, Pfizer revealed that it would increase the commercial selling price of its COVID-19 vaccine, and it is expected that the price of its vaccine will rise to US $110 to US $130 per dose.</p><p>Based on the median value of this commercial selling price of US $120, this is four times the purchase price of the US government (about US $30 per dose of vaccine), and the market expects its revenue to increase significantly. On Friday, Pfizer shares closed with a nearly 5% gain.</p><p><img src=\"https://static.tigerbbs.com/f1fd780d0a75086fc66d7729a9215f1a\" tg-width=\"840\" tg-height=\"470\" width=\"100%\" height=\"auto\"/></p><p><b>Starting in 2023, COVID-19 vaccine will transition from U.S. government procurement to a typical commercial sales model.</b>U.S. administration officials say companies such as Pfizer will eventually sell COVID-19 vaccine in commercial markets just like they sell other vaccines, drugs and tests.</p><p>Pfizer said COVID-19 vaccine could begin commercial rollout as early as early next year, but that will also depend on factors such as when the contract with the U.S. government expires and when existing vaccine supplies in the United States run out.</p><p>Earlier media reports said that due to the slowdown in the pace of booster revaccination in the United States and weak demand in COVID-19 vaccine, Wall Street expects a general increase in vaccine prices, which means that vaccine manufacturers need to raise prices to meet Wall Street's revenue expectations for 2023 and beyond.</p><p>According to analysts, if vaccine makers including Pfizer, BioNTech, Moderna and others hope to meet this revenue expectation,<b>May have to raise vaccine prices to at least three times current levels</b>。</p><p>At that time, there may be a wave of price increases in COVID-19 vaccine, and the market's sentiment for vaccine stocks is high. Yesterday's intraday US stock market,<b>In addition to Pfizer, the stock prices of Novavax, BioNTech, Moderna and other companies have risen sharply: as of the close of U.S. stocks, Moderna rose 8.4%, BioNTech rose more than 11%, and Novavax rose more than 12.5%.</b></p><p>Wall Street's performance expectations for vaccine manufacturers have also further improved. Yesterday, investment bank SVB Leerink raised its rating on Moderna from \"weaker than the market\" to \"flat with the market\" and raised its target price from $74 to $101. Analysts believe that if Moderna's vaccine pricing becomes more \"rational\" in 2023, it will greatly improve the company's chances of achieving its 2023 revenue guidance.</p><p>Angela Lukin, president of Pfizer U.S., said in an interview with the media that COVID-19 vaccine will not rely entirely on commercial revenue until the first quarter of 2023 at the earliest.</p><p>Lukin also expects that after starting commercial sales, most people will not have to pay out of pocket for the vaccine, as many health insurance plans cover the full cost of the annual flu shot.</p><p></body></html></p>","source":"live_wallstreetcn","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>Vaccine stocks have collectively soared, and the wave of overseas COVID-19 vaccine price increases is coming?</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\">\nVaccine stocks have collectively soared, and the wave of overseas COVID-19 vaccine price increases is coming?\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\">2022-10-22 18:10</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Author: Han Xuyang</p><p>As vaccines will be transferred from the U.S. federal government-managed system to the commercial market, overseas COVID-19 vaccine may usher in a wave of price increases.</p><p>On October 20, Pfizer revealed that it would increase the commercial selling price of its COVID-19 vaccine, and it is expected that the price of its vaccine will rise to US $110 to US $130 per dose.</p><p>Based on the median value of this commercial selling price of US $120, this is four times the purchase price of the US government (about US $30 per dose of vaccine), and the market expects its revenue to increase significantly. On Friday, Pfizer shares closed with a nearly 5% gain.</p><p><img src=\"https://static.tigerbbs.com/f1fd780d0a75086fc66d7729a9215f1a\" tg-width=\"840\" tg-height=\"470\" width=\"100%\" height=\"auto\"/></p><p><b>Starting in 2023, COVID-19 vaccine will transition from U.S. government procurement to a typical commercial sales model.</b>U.S. administration officials say companies such as Pfizer will eventually sell COVID-19 vaccine in commercial markets just like they sell other vaccines, drugs and tests.</p><p>Pfizer said COVID-19 vaccine could begin commercial rollout as early as early next year, but that will also depend on factors such as when the contract with the U.S. government expires and when existing vaccine supplies in the United States run out.</p><p>Earlier media reports said that due to the slowdown in the pace of booster revaccination in the United States and weak demand in COVID-19 vaccine, Wall Street expects a general increase in vaccine prices, which means that vaccine manufacturers need to raise prices to meet Wall Street's revenue expectations for 2023 and beyond.</p><p>According to analysts, if vaccine makers including Pfizer, BioNTech, Moderna and others hope to meet this revenue expectation,<b>May have to raise vaccine prices to at least three times current levels</b>。</p><p>At that time, there may be a wave of price increases in COVID-19 vaccine, and the market's sentiment for vaccine stocks is high. Yesterday's intraday US stock market,<b>In addition to Pfizer, the stock prices of Novavax, BioNTech, Moderna and other companies have risen sharply: as of the close of U.S. stocks, Moderna rose 8.4%, BioNTech rose more than 11%, and Novavax rose more than 12.5%.</b></p><p>Wall Street's performance expectations for vaccine manufacturers have also further improved. Yesterday, investment bank SVB Leerink raised its rating on Moderna from \"weaker than the market\" to \"flat with the market\" and raised its target price from $74 to $101. Analysts believe that if Moderna's vaccine pricing becomes more \"rational\" in 2023, it will greatly improve the company's chances of achieving its 2023 revenue guidance.</p><p>Angela Lukin, president of Pfizer U.S., said in an interview with the media that COVID-19 vaccine will not rely entirely on commercial revenue until the first quarter of 2023 at the earliest.</p><p>Lukin also expects that after starting commercial sales, most people will not have to pay out of pocket for the vaccine, as many health insurance plans cover the full cost of the annual flu shot.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3672996\">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/1d2a0f842b52974184983c9748f803fd","relate_stocks":{"PFE":"辉瑞"},"source_url":"https://wallstreetcn.com/articles/3672996","is_english":false,"share_image_url":"https://static.laohu8.com/cc96873d3d23ee6ac10685520df9c100","article_id":"1137093031","content_text":"作者：韩旭阳随着疫苗将从美国联邦政府管理的体系转入商业市场，海外新冠疫苗或将迎来一波涨价潮。10月20日，辉瑞公司透露，将提高其新冠疫苗的商业售价，预计其疫苗价格将涨至每剂110美元至130美元。按照这一商业售价的中间值120美元计算，这是美国政府采购价（每剂疫苗约为30美元）的4倍，市场预期其营收将会大幅增长。周五，辉瑞股价以近5%的涨幅收盘。从2023年开始，新冠疫苗将从美国政府采购过渡到典型的商业销售模式。美国政府官员表示，辉瑞等公司最终将像销售其他疫苗、药物和检测试剂一样，在商业市场销售新冠疫苗。辉瑞表示，新冠疫苗最早可能在明年年初就开始进行商业推广，不过这还将取决于与美国政府的合同何时到期，以及美国现有的疫苗供应何时耗尽等因素。此前有媒体报道称，由于美国国内加强针再接种步伐放缓、新冠疫苗需求疲软，华尔街预计疫苗价格会普遍上涨，这意味着疫苗制造商需要提高价格，以满足华尔街对其2023年及以后的收入预期。分析师称，包括辉瑞、BioNTech、Moderna等在内的疫苗制造商如果希望达到这一收入预期，可能不得不将疫苗价格至少提高到目前水平的三倍。届时或将迎来新冠疫苗的涨价潮，市场对疫苗股情绪高涨。昨日美股盘中，除了辉瑞外，Novavax、BioNtech、Moderna 等公司的股价纷纷大涨：截至美股收盘，Moderna 涨8.4%，BioNTech涨超11%，Novavax 涨超12.5%。华尔街对疫苗制造商的业绩预期也有进一步提升。昨日，投资银行 SVB Leerink 将其对 Moderna 的评级由“弱于大盘”上调至“与大盘持平”，并将目标价由74美元上调至101美元。分析认为，如果Moderna的疫苗定价在2023年变得更为“理性”，将大大提高该公司实现2023年营收指引的机会。辉瑞美国总裁 Angela Lukin 在接受媒体采访时表示，最早要到2023年第一季度，新冠疫苗才会完全依赖商业化营收。Lukin 还预计，在开始商业销售后，大多数人将不必自掏腰包购买疫苗，因为许多健康保险计划覆盖每年注射流感疫苗的全部费用。","news_type":1,"symbols_score_info":{"PFE":0.9}},"isVote":1,"tweetType":1,"viewCount":434,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9989581354,"gmtCreate":1666049341578,"gmtModify":1676537696034,"author":{"id":"3568697814695599","authorId":"3568697814695599","name":"HCBICE","avatar":"https://static.tigerbbs.com/b4851c4a27e84de19dd126ece72f2e29","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3568697814695599","idStr":"3568697814695599"},"themes":[],"htmlText":"[财迷]&nbsp;","listText":"[财迷]&nbsp;","text":"[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9989581354","repostId":"2276159193","repostType":4,"isVote":1,"tweetType":1,"viewCount":491,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9989370948,"gmtCreate":1665925989984,"gmtModify":1676537679974,"author":{"id":"3568697814695599","authorId":"3568697814695599","name":"HCBICE","avatar":"https://static.tigerbbs.com/b4851c4a27e84de19dd126ece72f2e29","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3568697814695599","idStr":"3568697814695599"},"themes":[],"htmlText":"[财迷]&nbsp;","listText":"[财迷]&nbsp;","text":"[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9989370948","repostId":"1100732021","repostType":4,"repost":{"id":"1100732021","kind":"news","pubTimestamp":1665906935,"share":"https://ttm.financial/m/news/1100732021?lang=en_US&edition=fundamental","pubTime":"2022-10-16 15:55","market":"other","language":"zh","title":"Kweichow Moutai: Net profit in the third quarter was 14.606 billion yuan, a year-on-year increase of 15.81%","url":"https://stock-news.laohu8.com/highlight/detail?id=1100732021","media":"华尔街见闻","summary":"10月16日，贵州茅台公告称，公司第三季度营收295.43亿元，同比增长15.61%；第三季度净利润146.06亿元，同比增长15.81%，归属于上市公司股东的净利润146.06亿元， 同比增长15.","content":"<p><html><head></head><body>On October 16, Kweichow Moutai announced that the company's revenue in the third quarter was 29.543 billion yuan, a year-on-year increase of 15.61%; The net profit in the third quarter was 14.606 billion yuan, a year-on-year increase of 15.81%, and the net profit attributable to shareholders of listed companies was 14.606 billion yuan, a year-on-year increase of 15.81%; The net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was 14.63 billion yuan, a year-on-year increase of 15.13%. The net profit was basically in line with the previously announced performance forecast. In addition, basic earnings per share were 11.63 yuan, a year-on-year increase of 15.81%.</p><p><img src=\"https://static.tigerbbs.com/aceb5cee7c7f73b2c89ac72f36e37fba\" tg-width=\"613\" tg-height=\"270\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p><img src=\"https://static.tigerbbs.com/35caeb35ccad93867daefcd36c07fab3\" tg-width=\"610\" tg-height=\"393\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>The company's total operating income in the first three quarters was 89.786 billion yuan, a year-on-year increase of 16.5%, of which the operating income was 87.160 billion yuan, a year-on-year increase of 16.8%, and the net profit was about 44.4 billion yuan, a year-on-year increase of 19.14%. The net profit basically was in line with the previously announced performance forecast.</p><p><img src=\"https://static.tigerbbs.com/79d15a7361b964306472ac340197422d\" tg-width=\"611\" tg-height=\"174\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p><img src=\"https://static.tigerbbs.com/afb156e1521d3bf5fe970331090bf14c\" tg-width=\"604\" tg-height=\"917\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p><img src=\"https://static.tigerbbs.com/d3b0bc44daf2dd22ec312cbc814b8dab\" tg-width=\"619\" tg-height=\"74\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>In terms of products, in the first three quarters of this year, Moutai and series of wines achieved operating income of 74.4 billion yuan and 12.54 billion yuan respectively; Direct sales channels and wholesale channels achieved operating income of 31.882 billion yuan and 55.059 billion yuan respectively. It is worth noting that in the first three quarters of this year, Kweichow Moutai achieved tax-free revenue of 8.462 billion yuan from alcohol through the \"i Moutai\" digital marketing platform, accounting for nearly 10% of its revenue.</p><p><img src=\"https://static.tigerbbs.com/66382abefd22bbcf3a7f38e47f876014\" tg-width=\"714\" tg-height=\"159\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p></body></html></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>Kweichow Moutai: Net profit in the third quarter was 14.606 billion yuan, a year-on-year increase of 15.81%</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\">\nKweichow Moutai: Net profit in the third quarter was 14.606 billion yuan, a year-on-year increase of 15.81%\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\">2022-10-16 15:55</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>On October 16, Kweichow Moutai announced that the company's revenue in the third quarter was 29.543 billion yuan, a year-on-year increase of 15.61%; The net profit in the third quarter was 14.606 billion yuan, a year-on-year increase of 15.81%, and the net profit attributable to shareholders of listed companies was 14.606 billion yuan, a year-on-year increase of 15.81%; The net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was 14.63 billion yuan, a year-on-year increase of 15.13%. The net profit was basically in line with the previously announced performance forecast. In addition, basic earnings per share were 11.63 yuan, a year-on-year increase of 15.81%.</p><p><img src=\"https://static.tigerbbs.com/aceb5cee7c7f73b2c89ac72f36e37fba\" tg-width=\"613\" tg-height=\"270\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p><img src=\"https://static.tigerbbs.com/35caeb35ccad93867daefcd36c07fab3\" tg-width=\"610\" tg-height=\"393\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>The company's total operating income in the first three quarters was 89.786 billion yuan, a year-on-year increase of 16.5%, of which the operating income was 87.160 billion yuan, a year-on-year increase of 16.8%, and the net profit was about 44.4 billion yuan, a year-on-year increase of 19.14%. The net profit basically was in line with the previously announced performance forecast.</p><p><img src=\"https://static.tigerbbs.com/79d15a7361b964306472ac340197422d\" tg-width=\"611\" tg-height=\"174\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p><img src=\"https://static.tigerbbs.com/afb156e1521d3bf5fe970331090bf14c\" tg-width=\"604\" tg-height=\"917\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p><img src=\"https://static.tigerbbs.com/d3b0bc44daf2dd22ec312cbc814b8dab\" tg-width=\"619\" tg-height=\"74\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>In terms of products, in the first three quarters of this year, Moutai and series of wines achieved operating income of 74.4 billion yuan and 12.54 billion yuan respectively; Direct sales channels and wholesale channels achieved operating income of 31.882 billion yuan and 55.059 billion yuan respectively. It is worth noting that in the first three quarters of this year, Kweichow Moutai achieved tax-free revenue of 8.462 billion yuan from alcohol through the \"i Moutai\" digital marketing platform, accounting for nearly 10% of its revenue.</p><p><img src=\"https://static.tigerbbs.com/66382abefd22bbcf3a7f38e47f876014\" tg-width=\"714\" tg-height=\"159\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3672452\">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/aba16b4f88c90908701f4ff26fee613c","relate_stocks":{"600519":"贵州茅台"},"source_url":"https://wallstreetcn.com/articles/3672452","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100732021","content_text":"10月16日，贵州茅台公告称，公司第三季度营收295.43亿元，同比增长15.61%；第三季度净利润146.06亿元，同比增长15.81%，归属于上市公司股东的净利润146.06亿元， 同比增长15.81%；归属于上市公司股东的扣除非经常性损益的净利润为146.3亿元，同比增长15.13%，净利润基本符合此前公布的业绩预告。此外，基本每股收益为11.63元，同比增长15.81%。公司前三季度营业总收入为897.86亿元，同比增长16.5%，其中，营业收入为871.60亿元，同比增长16.8%，净利润约444亿元，同比增长19.14%，净利润基本符合此前公布的业绩预告。分产品看，今年前三季度，茅台酒、系列酒分别实现营业收入744亿元、125.4亿元；直销渠道与批发渠道分别实现营业收入318.82亿元、550.59亿元。值得注意的是，今年前三季度，贵州茅台通过“i 茅台”数字营销平台实现酒类不含税收入84.62亿元，占其营收近10%。","news_type":1,"symbols_score_info":{"600519":0.9}},"isVote":1,"tweetType":1,"viewCount":441,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9980868436,"gmtCreate":1665705390525,"gmtModify":1676537651211,"author":{"id":"3568697814695599","authorId":"3568697814695599","name":"HCBICE","avatar":"https://static.tigerbbs.com/b4851c4a27e84de19dd126ece72f2e29","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3568697814695599","idStr":"3568697814695599"},"themes":[],"htmlText":"[财迷]&nbsp;","listText":"[财迷]&nbsp;","text":"[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9980868436","repostId":"2275967525","repostType":4,"repost":{"id":"2275967525","kind":"highlight","pubTimestamp":1665704257,"share":"https://ttm.financial/m/news/2275967525?lang=en_US&edition=fundamental","pubTime":"2022-10-14 07:37","market":"us","language":"zh","title":"The United States continues to have a high fever, is there an end in rate hike?","url":"https://stock-news.laohu8.com/highlight/detail?id=2275967525","media":"华尔街见闻","summary":"通胀不息，加息不止","content":"<p><html><head></head><body><h2>U.S. inflation has exceeded expectations again!</h2>Tonight, the United States dropped another \"depth charge\" on the market. Its CPI index in September increased by 8.2% year-on-year (higher than the expected 8.1%).</p><p>As soon as this news came out, the US market also \"moved by the wind\". Judging from the data performance after the news was announced:<a href=\"https://laohu8.com/S/USDindex.FOREX\">The US Dollar Index</a>DXY rose 80 points in the short term, with an intraday increase of 0.5%; U.S. and Burundi oil prices fell by US $0.7 in the short term to US $86.39/barrel and US $91.8/barrel; U.S. stock index futures continued to fall, with Nasdaq futures falling more than 3% and S&P 500 futures falling more than 2%.</p><p>--Similar to the previous U.S. inflation data that exceeded expectations, the US Dollar Index was boosted and rose, while commodities and stock markets were hit and fell. So why is the year-on-year growth rate of CPI in the United States already declining, and the market is still so panicked? This is because the year-on-year price will be affected by the base of prices in the same period last year, that is to say, at such high prices in the same period last year, this year has increased by 8.2%.</p><p><img src=\"https://static.tigerbbs.com/e4c043ee06a6972d9af49ae7adb78237\" tg-width=\"449\" tg-height=\"270\" referrerpolicy=\"no-referrer\"/></p><p>So, if it is of little significance to look at the year-on-year data, what data is more significant for reference at present?</p><p>The answer is \"month-on-month\"-because of the change of month-on-month growth rate, we can better observe the trend of American prices.</p><p>It can be seen that the month-on-month growth rate of U.S. CPI has been flat for two consecutive months from July to August due to the downward trend in international energy prices.<b>But there was another 0.2% increase in September, which may be an important reason for the current market panic!</b></p><p><img src=\"https://static.tigerbbs.com/58e7b1b741ae9aa0e085dbe823c342a6\" tg-width=\"453\" tg-height=\"279\" referrerpolicy=\"no-referrer\"/></p><p>But according to the author's understanding, the most frightening thing in this data is the change of the core CPI in the United States. Because we know that when the Federal Reserve makes decisions, it mainly adjusts the direction of monetary policy according to changes in core CPI. However, according to official data from the United States, the core CPI of the United States increased by 6.6% year-on-year at the end of September, the highest level since August 1982 (second only to the Great Stagflation period).</p><p>It can be seen that the core CPI in the United States has risen for two consecutive months. The year-on-year growth rate of the core CPI in September continued to rise sharply by 0.3 percentage points compared with August. Although the month-on-month growth rate declined, it still maintained an increase of 0.4%.</p><p><img src=\"https://static.tigerbbs.com/d388034a91b1f9a04b609d414de18fb1\" tg-width=\"427\" tg-height=\"256\" referrerpolicy=\"no-referrer\"/></p><p></body></html></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>The United States continues to have a high fever, is there an end in rate hike?</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 United States continues to have a high fever, is there an end in rate hike?\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\">2022-10-14 07:37</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body><h2>U.S. inflation has exceeded expectations again!</h2>Tonight, the United States dropped another \"depth charge\" on the market. Its CPI index in September increased by 8.2% year-on-year (higher than the expected 8.1%).</p><p>As soon as this news came out, the US market also \"moved by the wind\". Judging from the data performance after the news was announced:<a href=\"https://laohu8.com/S/USDindex.FOREX\">The US Dollar Index</a>DXY rose 80 points in the short term, with an intraday increase of 0.5%; U.S. and Burundi oil prices fell by US $0.7 in the short term to US $86.39/barrel and US $91.8/barrel; U.S. stock index futures continued to fall, with Nasdaq futures falling more than 3% and S&P 500 futures falling more than 2%.</p><p>--Similar to the previous U.S. inflation data that exceeded expectations, the US Dollar Index was boosted and rose, while commodities and stock markets were hit and fell. So why is the year-on-year growth rate of CPI in the United States already declining, and the market is still so panicked? This is because the year-on-year price will be affected by the base of prices in the same period last year, that is to say, at such high prices in the same period last year, this year has increased by 8.2%.</p><p><img src=\"https://static.tigerbbs.com/e4c043ee06a6972d9af49ae7adb78237\" tg-width=\"449\" tg-height=\"270\" referrerpolicy=\"no-referrer\"/></p><p>So, if it is of little significance to look at the year-on-year data, what data is more significant for reference at present?</p><p>The answer is \"month-on-month\"-because of the change of month-on-month growth rate, we can better observe the trend of American prices.</p><p>It can be seen that the month-on-month growth rate of U.S. CPI has been flat for two consecutive months from July to August due to the downward trend in international energy prices.<b>But there was another 0.2% increase in September, which may be an important reason for the current market panic!</b></p><p><img src=\"https://static.tigerbbs.com/58e7b1b741ae9aa0e085dbe823c342a6\" tg-width=\"453\" tg-height=\"279\" referrerpolicy=\"no-referrer\"/></p><p>But according to the author's understanding, the most frightening thing in this data is the change of the core CPI in the United States. Because we know that when the Federal Reserve makes decisions, it mainly adjusts the direction of monetary policy according to changes in core CPI. However, according to official data from the United States, the core CPI of the United States increased by 6.6% year-on-year at the end of September, the highest level since August 1982 (second only to the Great Stagflation period).</p><p>It can be seen that the core CPI in the United States has risen for two consecutive months. The year-on-year growth rate of the core CPI in September continued to rise sharply by 0.3 percentage points compared with August. Although the month-on-month growth rate declined, it still maintained an increase of 0.4%.</p><p><img src=\"https://static.tigerbbs.com/d388034a91b1f9a04b609d414de18fb1\" tg-width=\"427\" tg-height=\"256\" referrerpolicy=\"no-referrer\"/></p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/member/articles/3672324\">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/c9d16dd2484c9858b3e99e59d53bfbae","relate_stocks":{"SPY":"标普500ETF"},"source_url":"https://wallstreetcn.com/member/articles/3672324","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2275967525","content_text":"美国通胀又又又又超预期了！今夜，美国又给市场投下一枚“深水炸弹”，其9月的CPI指数同比增速增长了8.2%，（高于预期的8.1%）。此消息一出，美国市场也“闻风而动”，从消息公布后的数据表现来看：美元指数DXY短线上扬80点，日内涨幅达到0.5%；美、布两油短线走低0.7美元，报86.39美元/桶和91.8美元/桶；美股股指期货继续下挫，纳指期货跌超3%，标普500指数期货跌超2%。——与之前美国通胀数据超预期相似，美元指数受到提振上涨，商品及股市受到冲击下跌。那么为什么美国的CPI同比增速已经出现了回落的态势，市场还这么的恐慌呢？这是因为同比会受到去年同期物价的基数影响，也就是说在去年同期那么高的物价上，今年还大幅增长了8.2%。那么，如果看同比的数据意义不大的话，什么数据在目前更要参考意义呢？答案是“环比”——因为环比增速的变化，更能观测到美国物价的变动趋势。可以看到，美国CPI的环比增速在7-8月时，受国际能源价格下行影响，已经连续两个月持平了，但在9月又出现了0.2%的增长，这可能是导致目前市场恐慌的重要原因！但据笔者理解，本次数据中，最让人感觉恐惧的，是美国核心CPI的变化。因为我们知道美联储在做决策的时候，主要是根据核心CPI的变化来调整货币政策方向的。但据美国官方数据，9月末美国的核心CPI同比增长了6.6%，为1982年8月以来最高水平（仅次于大滞胀时期）。可以看到，美国的核心CPI已经连续两个月上升，9月的核心CPI同比增速更是较8月继续大幅上升了0.3个百分点，环比增速虽然有所下滑，但也维持着0.4%的增幅。","news_type":1,"symbols_score_info":{"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":567,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9980082239,"gmtCreate":1665617938721,"gmtModify":1676537635504,"author":{"id":"3568697814695599","authorId":"3568697814695599","name":"HCBICE","avatar":"https://static.tigerbbs.com/b4851c4a27e84de19dd126ece72f2e29","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3568697814695599","idStr":"3568697814695599"},"themes":[],"htmlText":"[财迷]&nbsp;","listText":"[财迷]&nbsp;","text":"[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9980082239","repostId":"1128556812","repostType":4,"repost":{"id":"1128556812","kind":"news","pubTimestamp":1665587862,"share":"https://ttm.financial/m/news/1128556812?lang=en_US&edition=fundamental","pubTime":"2022-10-12 23:17","market":"hk","language":"zh","title":"Unveiling the prosperous bubble of Michelle Ice City IPO","url":"https://stock-news.laohu8.com/highlight/detail?id=1128556812","media":"表外表里","summary":"新一版招股书，勾勒出的蜜雪冰城形象可谓是：too good to be true。众所周知，餐饮行业伴随着门店扩张，通常会导致用户分流，影响单店营收的情况，海底捞、凑凑、太二的扩张都是如此。但蜜雪冰城","content":"<p><html><head></head><body>The new version of the prospectus outlines the image of Michelle Ice City : too good to be true.</p><p>As we all know, the catering industry is accompanied by the expansion of stores, which usually leads to the diversion of users and affects the revenue of a single store. This is true for the expansion of Haidilao, Coucou, and Taier.</p><p><img src=\"https://static.tigerbbs.com/fac81a2dcd5a10d63c09b181a7edd381\" tg-width=\"1080\" tg-height=\"335\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>However, the performance of Michelle Ice City is contrary to \"common sense\". The store scale has expanded rapidly against the trend, but the purchase amount of a single store has increased instead of falling. As shown in the figure below, in 2021, the purchase amount will increase by as much as 32.3% year-on-year.</p><p><img src=\"https://static.tigerbbs.com/16bbe7e1443ad15d4190fcf0be81deb3\" tg-width=\"1080\" tg-height=\"345\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>In other words, the terminal demand of its stores is still growing substantially, and there is a huge demand for raw materials. And this also means that the efficiency of a single store continues to improve.</p><p>Performance feedback on the business side In terms of finance, it can be seen that Michelle Ice City's revenue continues to grow against the trend, with a growth rate of 121.2% in 2021; At the same time, profitability remained stable, with an average growth rate of 16%.</p><p><img src=\"https://static.tigerbbs.com/9a2d72b5504aaa1fdbdf12ff9b86804e\" tg-width=\"1080\" tg-height=\"339\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>There must be a demon in the abnormal place. After all, before the IPO, it is too common to release a few issues of highlight performance, make up a long-term story, mistake beta for alpha, and cut a wave of leeks.</p><p>So, what is the situation in Michelle Ice City? Can its high growth be sustained? This article will analyze from three perspectives: external environment, self-operation and competition.</p><p><b>Macro-structural benefits can be met but not sought</b></p><p>In fact, where Michelle Ice City goes against \"common sense\" is not only that the more it expands, the greater the demand for a single store. It can be seen that its rapid revenue growth is also contrary to the economic trend of declining per capita disposable income growth.</p><p><img src=\"https://static.tigerbbs.com/7b70cf35894ea1d56bbd1d5470607d6d\" tg-width=\"1080\" tg-height=\"658\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>You must know that in the face of sluggish consumption, Nayuki's tea is deeply mired in the predicament of poor revenue growth and continued to increase losses. As a result, measures such as cost reduction and efficiency increase, price reduction adjustment, and slowing down expansion have taken turns.</p><p>The \"king\" Starbucks' revenue contribution ratio in the Chinese market has also continued to decline, and discussions such as \"Starbucks lost the Chinese market\" have been pushed to the forefront.</p><p>The reason why there is such a contrast is not its nature, but its potential.</p><p>In fact, such abnormal performance has also appeared in the category of instant noodles, and more than once. In 2008, the financial crisis swept the world and the domestic economic situation deteriorated. However, the revenue of companies such as Uni-President and Master Kong continued to grow at a high rate.</p><p>In 2017, affected by factors such as supply-side structural reform and Sino-US trade war, when economic development was suppressed again, the revenue of the two companies bucked the trend and improved.</p><p>The same is true of this outbreak, with the growth rate rising sharply.</p><p><img src=\"https://static.tigerbbs.com/03e41a4a5cc9003ce30e1fbdef79202b\" tg-width=\"1080\" tg-height=\"374\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Master Kong said in his 2008 annual report:<i>Since the main products, instant noodles and beverages, are needed in daily life, the price elasticity of the products is low, and even in the stage of economic slowdown, it can maintain high profit stability.</i></p><p>From this perspective,<b>The eye-catching data of Michelle Ice City is actually not unrelated to the prosperity of the industry, and this external environment is limited by cycles.</b></p><p>According to the prospectus, in the past two years, Michelle Ice City has cancelled the distance protection mechanism, promoted preferential policies for new stores, opened up township franchises, etc., and expanded rapidly.</p><p>The underlying logic supporting its expansion lies in the economic downturn cycle caused by the epidemic and the downgrade of consumption.</p><p>Dismantling the per capita consumption expenditure, we can see that in 2020, the per capita consumption expenditure of urban residents will drop by 6.0%, and the per capita consumption expenditure of rural residents will drop by 0.1%.</p><p>A simple understanding is that in the basic market of Michelle Ice City-the second-and third-tier sinking markets, the trend affected by consumption downgrades is relatively small, and the market's consumption power is still there, which is suitable for further encryption.</p><p>For second-tier and above residents, borrowing the self-mockery of netizens: in 2019, I drank Starbucks, a cup of 30 +; In 2020, drink Luckin, 15 + a cup; In 2021, drinking KFC coffee, the membership price is 10 +; In 2022, drinking coffee brewed by Lawson and self-service vending machines will cost 6-8 yuan a cup.</p><p>In other words,<b>\"Money-saving economy\" in high-tier cities has become the mainstream. This means an opportunity for catering replacement categories.</b></p><p>For example, since the epidemic, chain fast food restaurants with lower customer unit prices have performed much better than dinner restaurants with high customer unit prices (under the same premise of expansion).</p><p><img src=\"https://static.tigerbbs.com/94897df1284577988510df009c036623\" tg-width=\"1080\" tg-height=\"507\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>The same is true for the tea drinking track. Michelle Ice City, which takes the low-price route, seizes the opportunity to expand rapidly in second-tier and above cities. As shown in the figure below, from August 2021 to October 2022, the proportion of second-tier and above stores in Michelle Ice City increased from 39.86% to 42.4%.</p><p><img src=\"https://static.tigerbbs.com/02fab0fbabc85c4f263f554e579416e7\" tg-width=\"1080\" tg-height=\"339\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Eating the dividends of consumption downgrades and the rapid expansion of store scale has driven Michelle Ice City's performance to a high level.</p><p>However, the above-mentioned experience of Master Kong revealed that,<b>The economic downturn itself is unsustainable.</b>When the economic situation improves, it can be seen that the revenue growth rate of Uni-President and Master Kong continues to slow down, and even experiences negative growth.</p><p>The reason is that after 2012, when the economy took off again, the rise of high-speed rail technology and the diversified iteration of convenience food had a serious impact on instant noodle consumption, and the cash cows of the two companies quickly lost weight.</p><p><img src=\"https://static.tigerbbs.com/e028487ad30e27a458c26a495b25756c\" tg-width=\"1080\" tg-height=\"689\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>From this point of view, Michelle Ice City, which has also benefited from the dividends of the economic downturn and is rising rapidly, will face changes in external conditions in the future, and whether high growth can be maintained needs to be questioned.</p><p>But now that it is listed, there is a high probability that it can maintain a glamorous outside. How to choose, it goes without saying.</p><p><b>Overdraft franchisees' pockets, bulging your own pockets?</b></p><p>Zhang Hongchao, founder of Michelle Ice City, once said: \"If a small business becomes big, then this business cannot be called small.\" And the core of supporting its business model is franchisees.</p><p>It can be seen that under the liberalization of the regional protection system in Michelle Ice City, the density of store franchises has increased to an alarming level. As shown in the figure below, in extreme cases, 8 stores were opened on an 800-meter road.</p><p><img src=\"https://static.tigerbbs.com/19b99275bc8cc44b541ae04074712700\" tg-width=\"1080\" tg-height=\"1937\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>But even if the store is \"as dense as a cow's hair\", as mentioned above, its terminal demand is still growing substantially, and the purchase amount of a single store continues to rise.</p><p>To this end, Michelle Ice City has made full use of its horsepower to expand production capacity to assist supply. As shown in the figure below, the capacity utilization rate of some products continues to be higher than 100%, and the production and sales rate is also at a high level and maintains stable operation.</p><p><img src=\"https://static.tigerbbs.com/32ede5c5158db94f00dce3ad6798d9eb\" tg-width=\"1080\" tg-height=\"338\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>According to the prospectus, from January to March 2022, Michelle Ice City earned 1.756 billion yuan in revenue from ingredients, accounting for 72.16% of its main business revenue.</p><p>From the data, Michelle Ice City is really selling incredibly well at the terminal. But is that really the case?</p><p>Some franchisees shared the disclosure that:<i>I joined Michelle Ice City a few years ago and invested more than 300,000 yuan, which was paid back in about half a year. But now, even in the well-performing northern market, it will take one and a half years to pay back the capital at the earliest, and some will take two years to pay back the capital.</i></p><p>The 2022 industry expert exchange meeting also mentioned:<i>At present, there are more than 20,000 stores, only about 10,000 franchisees, and more than 1,000 franchisees with more than 5 stores. Without the mechanism of distance protection, opening Michelle Ice City is not as profitable as imagined.</i></p><p>Looking at it this way,<b>The reason why Michelle Ice City has made a lot of money is probably related to the change in the operating strategy of franchisees.</b></p><p>This change in operation,<b>It is indeed obvious to boost the company's performance in the short term, but it is actually extremely unfavorable to the long-term development of the company.</b></p><p>For example, in 2020, Xianhezhuang Hotpot attracted franchisees to open nearly 800 stores in just one year through celebrity popularity and viral spread of short videos.</p><p>However, at the operational level, under the rapid expansion, there may already be four or five Xianhezhuang in some places, and Xianhezhuang will open more than a dozen or even more chain stores.</p><p>As a result, the enterprise makes a lot of money-it is understood that joining a Xianhezhuang requires an investment of 4 million.</p><p>However, the single-store profit of franchisees is extremely thin. According to the feedback from the store manager of Xianhezhuang in Fuzhou, the profit of the store is only 55%, which is not higher than that of many catering enterprises. But if the price increases, consumers will feel expensive, and keeping the status quo can only be a loss.</p><p>On the other hand, frequent service and food safety problems have also caused Xianhezhuang's reputation to fall again and again, resulting in a serious loss of customers.</p><p>With money repeatedly blocked, franchisees started a battle royale. The data shows that up to now, nearly half of the franchise stores in Xianhezhuang have been closed.</p><p>Now, Michelle Ice City is also showing signs of being \"backfired\".</p><p>Statistics from the Black Cat Complaint Platform show that there are as many as 4,193 complaints related to Michelle Ice City, which is much higher than the number of complaints from Chabaidao and Naixue: the former has 872 and the latter has 1,192.</p><p>In addition, in 2022, there will be many reports of fines due to food safety issues.</p><p><img src=\"https://static.tigerbbs.com/e1780f1755e4829e1ae8d39a4b4bd9e8\" tg-width=\"1080\" tg-height=\"455\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>As for the reason, there is a widely circulated franchisee sharing post on the Internet saying:<i>Anyone who makes money will not do such a thing. The unit price of Michelle is too low, but now the rent is expensive, the labor is expensive, and the take-out charge rate is high, so I can save a little from here.</i></p><p>In general, the beautiful financial data of Michelle Ice City is inseparable from the heavy burden of franchisees. However, this mode of operation is obviously contrary to the original intention of franchisees to join the business-to make money.</p><p>Further development, the pressure reaches a certain level, the profit is thin to a certain limit, and the backlash of contradictions will also increase sharply, which may be unsustainable in the long run.</p><p><b>How high is the capital expansion ceiling?</b></p><p>Seizing the environmental cycle and overdrawing the pockets of franchisees, Michelle Ice City dresses itself up beautifully, and its trump cards don't stop there.</p><p>The prospectus says:<i>The funds raised this time are invested in \"production and construction\" projects, which can meet the gradually escalating consumer demand, which will promote the continuous growth of the market size of ready-made tea drinks.</i></p><p>It means that it still has the story of continuing to expand and increasing the bargaining chips to knock on the door of the capital market. So, how certain is this piece?</p><p>According to the data, the terminal sales of Michelle Ice City brand stores in 2021 will be about 20 billion yuan, accounting for about 7.15% of the market size of the ready-made tea industry; The number of domestic stores by the end of 2021 will be about 20,000, accounting for about 5.13% of the total number of ready-made tea stores.</p><p>In other words, Michelle Ice City's current market share in the industry is indeed not high. However, back to individual enterprises, no one can grow indefinitely, and what determines the height of Michelle Ice's city share lies in its rising potential.</p><p>We use Henan, which has the largest number of stores and the highest density (excluding remote areas, there is no reference value), as the sample anchor.<b>It is estimated that the total number of stores nationwide is about 35,265.</b></p><p><img src=\"https://static.tigerbbs.com/56275835c50593322e3e8042bc49820f\" tg-width=\"1080\" tg-height=\"1726\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/><i>Remarks: 1. Michelle Ice City has a low positioning and is less affected by consumption power, so it mainly considers the influence of population factors; 2. Calculation method: store density = population/number of stores, the number of people covered by each store, the fewer the number of people covered, the larger the store space.</i></p><p>According to the prospectus, as of 2022Q1, the number of stores in Michelle Ice City has reached 22,276, accounting for nearly 60% of the expected total number of store openings. There is still a certain distance from the ceiling, and there is room for growth.</p><p>However, Michelle Ice City is not the only one who is keen to tell expansion stories. Starbucks released its 2025 China Strategic Vision at the Global Investor Exchange Conference last month, saying:<i>It plans to open 3,000 new stores by 2025, covering 300 cities in China.</i></p><p>And a number of tea brands are also carrying out their own expansion pace. What is more noteworthy is that they have set their sights on the basic market of Michelle Ice City-the sinking market.</p><p>For example, in order to sink and break the circle, Heytea launched a new brand \"Xixiaocha\". The product price is concentrated in the range of 8 yuan to 16 yuan, and it is in close combat with Michelle Ice City.</p><p>DT financial data shows that the number of stores opened by Heytea, Naixue, and Starbucks in third-tier cities and below has surpassed that of second-tier cities and is approaching first-tier cities.</p><p>In addition to the sinking of high-end brands, the expansion of brands with the same positioning is also fierce: the tea brand Tianlala has expanded 4,000 stores within 5 years, and the number of stores of Guming has exceeded 4,000 by the end of 2020. In order to open low-tier cities, Ruixing has adopted 0 yuan franchise fee to expand the store.</p><p><b>With such fierce competition, it will become more and more difficult to grab franchisees.</b></p><p>At present, in terms of franchise investment, the franchise fee of Michelle Ice City is relatively low. But there is a problem, that is, when signing a contract every three years, the franchisee is required to redecorate the store, which will bring additional costs of more than 100,000 yuan.</p><p><img src=\"https://static.tigerbbs.com/a3f5e1da5be3bd59d83bd8d08356709e\" tg-width=\"1080\" tg-height=\"404\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>This not only offsets the franchise investment advantage of Michelle Ice City, but also increases the burden on franchisees. Coupled with what was discussed above, it is becoming more and more difficult for Michelle Ice City to make money, and its attractive advantage may be further diluted.</p><p>For example, it was mentioned at the 2022 industry expert exchange meeting:<i>If the return on investment period of Michelle Ice City franchise stores is extended to about 2 years, perhaps in the second half of 2022 or 2023, those franchisees who find that their profits are not satisfactory and do not have enough funds to open a second store may choose to Close the store, resulting in a wave of store closures.</i></p><p>Jihai brand monitoring captured that Michelle Ice City, which has opened stores on a large scale in the past 90 days, has also had a serious store closure situation, with a total of 368 stores closed.</p><p>However, the prospectus of Michelle Ice City shows that its current overall store closure rate is controlled within 5%.</p><p><img src=\"https://static.tigerbbs.com/866a5fcb406f638f6315d944ace2f3ab\" tg-width=\"1080\" tg-height=\"616\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>To a certain extent, this reflects the \"good intentions\" of Michelle Ice City in choosing the current listing opportunity.</p><p>After sorting out the whole thing, the current Michelle Ice City can be said to be the most beautiful time. If it is not listed at this time, when will it wait?</p><p>However, relying on the external environment to catalyze and the franchisees to move forward with heavy loads, the beautified beauty is like a castle piled up on the beach. It looks exquisite, but it is actually fragile.</p><p>Considering the switching of economic cycles, the backlash of operations, and the impact of competition on the sustainability of high growth, it is worth investors' consideration: Will Snow King go public and reach its peak? Is now a good time to invest?</p><p></body></html></p>","source":"lsy1573719481907","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>Unveiling the prosperous bubble of Michelle Ice City IPO</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\">\nUnveiling the prosperous bubble of Michelle Ice City IPO\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">表外表里</strong><span class=\"h-time small\">2022-10-12 23:17</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>The new version of the prospectus outlines the image of Michelle Ice City : too good to be true.</p><p>As we all know, the catering industry is accompanied by the expansion of stores, which usually leads to the diversion of users and affects the revenue of a single store. This is true for the expansion of Haidilao, Coucou, and Taier.</p><p><img src=\"https://static.tigerbbs.com/fac81a2dcd5a10d63c09b181a7edd381\" tg-width=\"1080\" tg-height=\"335\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>However, the performance of Michelle Ice City is contrary to \"common sense\". The store scale has expanded rapidly against the trend, but the purchase amount of a single store has increased instead of falling. As shown in the figure below, in 2021, the purchase amount will increase by as much as 32.3% year-on-year.</p><p><img src=\"https://static.tigerbbs.com/16bbe7e1443ad15d4190fcf0be81deb3\" tg-width=\"1080\" tg-height=\"345\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>In other words, the terminal demand of its stores is still growing substantially, and there is a huge demand for raw materials. And this also means that the efficiency of a single store continues to improve.</p><p>Performance feedback on the business side In terms of finance, it can be seen that Michelle Ice City's revenue continues to grow against the trend, with a growth rate of 121.2% in 2021; At the same time, profitability remained stable, with an average growth rate of 16%.</p><p><img src=\"https://static.tigerbbs.com/9a2d72b5504aaa1fdbdf12ff9b86804e\" tg-width=\"1080\" tg-height=\"339\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>There must be a demon in the abnormal place. After all, before the IPO, it is too common to release a few issues of highlight performance, make up a long-term story, mistake beta for alpha, and cut a wave of leeks.</p><p>So, what is the situation in Michelle Ice City? Can its high growth be sustained? This article will analyze from three perspectives: external environment, self-operation and competition.</p><p><b>Macro-structural benefits can be met but not sought</b></p><p>In fact, where Michelle Ice City goes against \"common sense\" is not only that the more it expands, the greater the demand for a single store. It can be seen that its rapid revenue growth is also contrary to the economic trend of declining per capita disposable income growth.</p><p><img src=\"https://static.tigerbbs.com/7b70cf35894ea1d56bbd1d5470607d6d\" tg-width=\"1080\" tg-height=\"658\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>You must know that in the face of sluggish consumption, Nayuki's tea is deeply mired in the predicament of poor revenue growth and continued to increase losses. As a result, measures such as cost reduction and efficiency increase, price reduction adjustment, and slowing down expansion have taken turns.</p><p>The \"king\" Starbucks' revenue contribution ratio in the Chinese market has also continued to decline, and discussions such as \"Starbucks lost the Chinese market\" have been pushed to the forefront.</p><p>The reason why there is such a contrast is not its nature, but its potential.</p><p>In fact, such abnormal performance has also appeared in the category of instant noodles, and more than once. In 2008, the financial crisis swept the world and the domestic economic situation deteriorated. However, the revenue of companies such as Uni-President and Master Kong continued to grow at a high rate.</p><p>In 2017, affected by factors such as supply-side structural reform and Sino-US trade war, when economic development was suppressed again, the revenue of the two companies bucked the trend and improved.</p><p>The same is true of this outbreak, with the growth rate rising sharply.</p><p><img src=\"https://static.tigerbbs.com/03e41a4a5cc9003ce30e1fbdef79202b\" tg-width=\"1080\" tg-height=\"374\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Master Kong said in his 2008 annual report:<i>Since the main products, instant noodles and beverages, are needed in daily life, the price elasticity of the products is low, and even in the stage of economic slowdown, it can maintain high profit stability.</i></p><p>From this perspective,<b>The eye-catching data of Michelle Ice City is actually not unrelated to the prosperity of the industry, and this external environment is limited by cycles.</b></p><p>According to the prospectus, in the past two years, Michelle Ice City has cancelled the distance protection mechanism, promoted preferential policies for new stores, opened up township franchises, etc., and expanded rapidly.</p><p>The underlying logic supporting its expansion lies in the economic downturn cycle caused by the epidemic and the downgrade of consumption.</p><p>Dismantling the per capita consumption expenditure, we can see that in 2020, the per capita consumption expenditure of urban residents will drop by 6.0%, and the per capita consumption expenditure of rural residents will drop by 0.1%.</p><p>A simple understanding is that in the basic market of Michelle Ice City-the second-and third-tier sinking markets, the trend affected by consumption downgrades is relatively small, and the market's consumption power is still there, which is suitable for further encryption.</p><p>For second-tier and above residents, borrowing the self-mockery of netizens: in 2019, I drank Starbucks, a cup of 30 +; In 2020, drink Luckin, 15 + a cup; In 2021, drinking KFC coffee, the membership price is 10 +; In 2022, drinking coffee brewed by Lawson and self-service vending machines will cost 6-8 yuan a cup.</p><p>In other words,<b>\"Money-saving economy\" in high-tier cities has become the mainstream. This means an opportunity for catering replacement categories.</b></p><p>For example, since the epidemic, chain fast food restaurants with lower customer unit prices have performed much better than dinner restaurants with high customer unit prices (under the same premise of expansion).</p><p><img src=\"https://static.tigerbbs.com/94897df1284577988510df009c036623\" tg-width=\"1080\" tg-height=\"507\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>The same is true for the tea drinking track. Michelle Ice City, which takes the low-price route, seizes the opportunity to expand rapidly in second-tier and above cities. As shown in the figure below, from August 2021 to October 2022, the proportion of second-tier and above stores in Michelle Ice City increased from 39.86% to 42.4%.</p><p><img src=\"https://static.tigerbbs.com/02fab0fbabc85c4f263f554e579416e7\" tg-width=\"1080\" tg-height=\"339\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Eating the dividends of consumption downgrades and the rapid expansion of store scale has driven Michelle Ice City's performance to a high level.</p><p>However, the above-mentioned experience of Master Kong revealed that,<b>The economic downturn itself is unsustainable.</b>When the economic situation improves, it can be seen that the revenue growth rate of Uni-President and Master Kong continues to slow down, and even experiences negative growth.</p><p>The reason is that after 2012, when the economy took off again, the rise of high-speed rail technology and the diversified iteration of convenience food had a serious impact on instant noodle consumption, and the cash cows of the two companies quickly lost weight.</p><p><img src=\"https://static.tigerbbs.com/e028487ad30e27a458c26a495b25756c\" tg-width=\"1080\" tg-height=\"689\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>From this point of view, Michelle Ice City, which has also benefited from the dividends of the economic downturn and is rising rapidly, will face changes in external conditions in the future, and whether high growth can be maintained needs to be questioned.</p><p>But now that it is listed, there is a high probability that it can maintain a glamorous outside. How to choose, it goes without saying.</p><p><b>Overdraft franchisees' pockets, bulging your own pockets?</b></p><p>Zhang Hongchao, founder of Michelle Ice City, once said: \"If a small business becomes big, then this business cannot be called small.\" And the core of supporting its business model is franchisees.</p><p>It can be seen that under the liberalization of the regional protection system in Michelle Ice City, the density of store franchises has increased to an alarming level. As shown in the figure below, in extreme cases, 8 stores were opened on an 800-meter road.</p><p><img src=\"https://static.tigerbbs.com/19b99275bc8cc44b541ae04074712700\" tg-width=\"1080\" tg-height=\"1937\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>But even if the store is \"as dense as a cow's hair\", as mentioned above, its terminal demand is still growing substantially, and the purchase amount of a single store continues to rise.</p><p>To this end, Michelle Ice City has made full use of its horsepower to expand production capacity to assist supply. As shown in the figure below, the capacity utilization rate of some products continues to be higher than 100%, and the production and sales rate is also at a high level and maintains stable operation.</p><p><img src=\"https://static.tigerbbs.com/32ede5c5158db94f00dce3ad6798d9eb\" tg-width=\"1080\" tg-height=\"338\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>According to the prospectus, from January to March 2022, Michelle Ice City earned 1.756 billion yuan in revenue from ingredients, accounting for 72.16% of its main business revenue.</p><p>From the data, Michelle Ice City is really selling incredibly well at the terminal. But is that really the case?</p><p>Some franchisees shared the disclosure that:<i>I joined Michelle Ice City a few years ago and invested more than 300,000 yuan, which was paid back in about half a year. But now, even in the well-performing northern market, it will take one and a half years to pay back the capital at the earliest, and some will take two years to pay back the capital.</i></p><p>The 2022 industry expert exchange meeting also mentioned:<i>At present, there are more than 20,000 stores, only about 10,000 franchisees, and more than 1,000 franchisees with more than 5 stores. Without the mechanism of distance protection, opening Michelle Ice City is not as profitable as imagined.</i></p><p>Looking at it this way,<b>The reason why Michelle Ice City has made a lot of money is probably related to the change in the operating strategy of franchisees.</b></p><p>This change in operation,<b>It is indeed obvious to boost the company's performance in the short term, but it is actually extremely unfavorable to the long-term development of the company.</b></p><p>For example, in 2020, Xianhezhuang Hotpot attracted franchisees to open nearly 800 stores in just one year through celebrity popularity and viral spread of short videos.</p><p>However, at the operational level, under the rapid expansion, there may already be four or five Xianhezhuang in some places, and Xianhezhuang will open more than a dozen or even more chain stores.</p><p>As a result, the enterprise makes a lot of money-it is understood that joining a Xianhezhuang requires an investment of 4 million.</p><p>However, the single-store profit of franchisees is extremely thin. According to the feedback from the store manager of Xianhezhuang in Fuzhou, the profit of the store is only 55%, which is not higher than that of many catering enterprises. But if the price increases, consumers will feel expensive, and keeping the status quo can only be a loss.</p><p>On the other hand, frequent service and food safety problems have also caused Xianhezhuang's reputation to fall again and again, resulting in a serious loss of customers.</p><p>With money repeatedly blocked, franchisees started a battle royale. The data shows that up to now, nearly half of the franchise stores in Xianhezhuang have been closed.</p><p>Now, Michelle Ice City is also showing signs of being \"backfired\".</p><p>Statistics from the Black Cat Complaint Platform show that there are as many as 4,193 complaints related to Michelle Ice City, which is much higher than the number of complaints from Chabaidao and Naixue: the former has 872 and the latter has 1,192.</p><p>In addition, in 2022, there will be many reports of fines due to food safety issues.</p><p><img src=\"https://static.tigerbbs.com/e1780f1755e4829e1ae8d39a4b4bd9e8\" tg-width=\"1080\" tg-height=\"455\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>As for the reason, there is a widely circulated franchisee sharing post on the Internet saying:<i>Anyone who makes money will not do such a thing. The unit price of Michelle is too low, but now the rent is expensive, the labor is expensive, and the take-out charge rate is high, so I can save a little from here.</i></p><p>In general, the beautiful financial data of Michelle Ice City is inseparable from the heavy burden of franchisees. However, this mode of operation is obviously contrary to the original intention of franchisees to join the business-to make money.</p><p>Further development, the pressure reaches a certain level, the profit is thin to a certain limit, and the backlash of contradictions will also increase sharply, which may be unsustainable in the long run.</p><p><b>How high is the capital expansion ceiling?</b></p><p>Seizing the environmental cycle and overdrawing the pockets of franchisees, Michelle Ice City dresses itself up beautifully, and its trump cards don't stop there.</p><p>The prospectus says:<i>The funds raised this time are invested in \"production and construction\" projects, which can meet the gradually escalating consumer demand, which will promote the continuous growth of the market size of ready-made tea drinks.</i></p><p>It means that it still has the story of continuing to expand and increasing the bargaining chips to knock on the door of the capital market. So, how certain is this piece?</p><p>According to the data, the terminal sales of Michelle Ice City brand stores in 2021 will be about 20 billion yuan, accounting for about 7.15% of the market size of the ready-made tea industry; The number of domestic stores by the end of 2021 will be about 20,000, accounting for about 5.13% of the total number of ready-made tea stores.</p><p>In other words, Michelle Ice City's current market share in the industry is indeed not high. However, back to individual enterprises, no one can grow indefinitely, and what determines the height of Michelle Ice's city share lies in its rising potential.</p><p>We use Henan, which has the largest number of stores and the highest density (excluding remote areas, there is no reference value), as the sample anchor.<b>It is estimated that the total number of stores nationwide is about 35,265.</b></p><p><img src=\"https://static.tigerbbs.com/56275835c50593322e3e8042bc49820f\" tg-width=\"1080\" tg-height=\"1726\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/><i>Remarks: 1. Michelle Ice City has a low positioning and is less affected by consumption power, so it mainly considers the influence of population factors; 2. Calculation method: store density = population/number of stores, the number of people covered by each store, the fewer the number of people covered, the larger the store space.</i></p><p>According to the prospectus, as of 2022Q1, the number of stores in Michelle Ice City has reached 22,276, accounting for nearly 60% of the expected total number of store openings. There is still a certain distance from the ceiling, and there is room for growth.</p><p>However, Michelle Ice City is not the only one who is keen to tell expansion stories. Starbucks released its 2025 China Strategic Vision at the Global Investor Exchange Conference last month, saying:<i>It plans to open 3,000 new stores by 2025, covering 300 cities in China.</i></p><p>And a number of tea brands are also carrying out their own expansion pace. What is more noteworthy is that they have set their sights on the basic market of Michelle Ice City-the sinking market.</p><p>For example, in order to sink and break the circle, Heytea launched a new brand \"Xixiaocha\". The product price is concentrated in the range of 8 yuan to 16 yuan, and it is in close combat with Michelle Ice City.</p><p>DT financial data shows that the number of stores opened by Heytea, Naixue, and Starbucks in third-tier cities and below has surpassed that of second-tier cities and is approaching first-tier cities.</p><p>In addition to the sinking of high-end brands, the expansion of brands with the same positioning is also fierce: the tea brand Tianlala has expanded 4,000 stores within 5 years, and the number of stores of Guming has exceeded 4,000 by the end of 2020. In order to open low-tier cities, Ruixing has adopted 0 yuan franchise fee to expand the store.</p><p><b>With such fierce competition, it will become more and more difficult to grab franchisees.</b></p><p>At present, in terms of franchise investment, the franchise fee of Michelle Ice City is relatively low. But there is a problem, that is, when signing a contract every three years, the franchisee is required to redecorate the store, which will bring additional costs of more than 100,000 yuan.</p><p><img src=\"https://static.tigerbbs.com/a3f5e1da5be3bd59d83bd8d08356709e\" tg-width=\"1080\" tg-height=\"404\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>This not only offsets the franchise investment advantage of Michelle Ice City, but also increases the burden on franchisees. Coupled with what was discussed above, it is becoming more and more difficult for Michelle Ice City to make money, and its attractive advantage may be further diluted.</p><p>For example, it was mentioned at the 2022 industry expert exchange meeting:<i>If the return on investment period of Michelle Ice City franchise stores is extended to about 2 years, perhaps in the second half of 2022 or 2023, those franchisees who find that their profits are not satisfactory and do not have enough funds to open a second store may choose to Close the store, resulting in a wave of store closures.</i></p><p>Jihai brand monitoring captured that Michelle Ice City, which has opened stores on a large scale in the past 90 days, has also had a serious store closure situation, with a total of 368 stores closed.</p><p>However, the prospectus of Michelle Ice City shows that its current overall store closure rate is controlled within 5%.</p><p><img src=\"https://static.tigerbbs.com/866a5fcb406f638f6315d944ace2f3ab\" tg-width=\"1080\" tg-height=\"616\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>To a certain extent, this reflects the \"good intentions\" of Michelle Ice City in choosing the current listing opportunity.</p><p>After sorting out the whole thing, the current Michelle Ice City can be said to be the most beautiful time. If it is not listed at this time, when will it wait?</p><p>However, relying on the external environment to catalyze and the franchisees to move forward with heavy loads, the beautified beauty is like a castle piled up on the beach. It looks exquisite, but it is actually fragile.</p><p>Considering the switching of economic cycles, the backlash of operations, and the impact of competition on the sustainability of high growth, it is worth investors' consideration: Will Snow King go public and reach its peak? Is now a good time to invest?</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://mp.weixin.qq.com/s/eYE73RQeDvLgHhGRmw1r-A\">表外表里</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/701fc0343ad39adee17f7b03a2be6e5f","relate_stocks":{},"source_url":"https://mp.weixin.qq.com/s/eYE73RQeDvLgHhGRmw1r-A","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128556812","content_text":"新一版招股书，勾勒出的蜜雪冰城形象可谓是：too good to be true。众所周知，餐饮行业伴随着门店扩张，通常会导致用户分流，影响单店营收的情况，海底捞、凑凑、太二的扩张都是如此。但蜜雪冰城的表现却和“常识”相悖，门店规模逆势高速扩张，但单店进货金额不降反升。如下图，2021年，进货金额同比增长高达32.3%。也就是说，其门店终端需求仍在大幅增长，对原材料需求很大。而这也意味着单店的效率，在持续提升。业务端的表现反馈在财务上，可以看到蜜雪冰城的营收持续逆势增长，2021年增速高达121.2%；同时，盈利情况也保持稳定，增速平均有16%。反常之处必有妖。毕竟，IPO之前放几期高光业绩，编个长期的故事，错把beta当alpha，割一波韭菜的情况太常见了。那么，蜜雪冰城的情况究竟是怎样的？其高增长是否能持续呢？本文将从外部环境、自身运营以及竞争三个角度展开分析。宏观结构性利好，可遇不可求事实上，蜜雪冰城逆“常识”的地方，不只在越扩张单店需求越大。可以看到其营收高速增长，与人均可支配收入增速下滑的经济趋势，也是相反的。要知道，同样面对消费不景气，奈雪的茶深陷营收增速不济、亏损持续拉大的困境。以至于降本增效、降价调整以及放缓扩张等举措轮番上阵。“王者”星巴克，在中国市场的收入贡献比，也是持续下滑，“星巴克败走中国市场”等讨论被推上风口浪尖。而之所以反差如斯，非其性然也，势使然也。其实，这样的反常表现，在方便面品类上也曾出现过，且不只一次。2008年金融危机席卷全球，国内经济形势恶化，但统一、康师傅等企业的营收，却持续高增长。2017年受供给侧结构性改革、中美贸易战等因素影响，经济发展再次被压制时，两家的营收逆势好转。这次疫情爆发也是一样，增速大幅上升。康师傅在2008年的年报里表示：由于主要产品方便面及饮品是日常生活所需，产品价格弹性较低，即使在经济放缓的阶段，也能保持较高的盈利稳定性。由此来看，蜜雪冰城的亮眼数据，其实跟行业景气度因素不无关系，且这种外部环境是有周期限制的。据招股书，近两年蜜雪冰城取消距离保护机制，大推新开店优惠政策、开放乡镇加盟等，高速扩张。而支撑其扩张的底层逻辑，在于疫情导致的经济不景气周期，带来的消费降级。拆解人均消费支出的情况可以看到，2020年城镇居民人均消费支出下降6.0%，农村居民人均消费支出下降0.1%。简单理解就是，在蜜雪冰城的基本盘——二三线下沉市场上，受消费降级影响的趋势相对较小，市场的消费能力仍在，适合进一步加密。而对于二线及以上的居民来说，借用网友的自嘲：2019年喝的是星巴克，一杯30+；2020年，喝瑞幸，15+一杯；2021年，喝肯德基的咖啡，会员价10+；2022年，喝罗森、自助售卖机的冲泡咖啡，6-8块一杯。换言之，高线城市“省钱经济”成为主流。这对餐饮平替品类，意味着机会。比如，疫情以来，客单价较低的连锁快餐店相比高客单价的正餐店，业绩表现好得多（同样扩张的前提下）。茶饮赛道也是一样的道理。走低价路线的蜜雪冰城，抓住机遇在二线及以上城市迅速扩张。如下图，2021年8月-2022年10月，蜜雪冰城二线及以上门店数量占比，从39.86%上升到42.4%。大吃消费降级红利，门店规模高速扩张下，拉动蜜雪冰城的业绩冲高亮眼。但上述康师傅们的经历透露，经济度下行周期本身不可持续。而经济形势好转时，可以看到，统一和康师傅的营收增速持续放缓，甚至出现负增长。原因在于，2012年之后，在经济再次起飞下，高铁技术兴起以及方便食品多元化迭代等，对方便面消费造成了严重冲击，两家的现金牛迅速瘦了下去。如此来看，同样受益经济下行红利，快速崛起的蜜雪冰城，未来外部条件改变，高增长能否维持需要打个问号。但现在上市，则大概率可以维持光鲜外面。如何选择，不言而喻。透支加盟商荷包，鼓自己的腰包？蜜雪冰城创始人张红超曾说：“小本生意做大了，那么这个生意就不能称之为小。”而支撑其商业模式的核心是加盟商。可以看到，蜜雪冰城在放开区域保护制度下，门店加盟密度已增加到惊人的程度。如下图，极端情况下，一条800米的马路上开了8家门店。但即便门店“密如牛毛”，上述说过其终端需求仍在大幅增长，单店的进货金额持续上升。为此，蜜雪冰城拉足马力，扩充产能以辅助供给。如下图，部分产品的产能利用率持续高于100%，产销率也都在高位保持平稳运行。招股书显示，2022年1-3月，蜜雪冰城靠食材获得了17.56亿元收入，占主营业务收入的72.16%。数据上看起来，蜜雪冰城在终端卖得确实好得不可思议。但事实真的是这样吗？有加盟商分享披露称：前几年加盟蜜雪冰城，投入30多万元，大概半年就回本了。但现在就算是在表现好的北方市场，最快也要一年半回本，有的要两年才能回本。而2022年业内专家交流会上也提到：目前2万多家门店，加盟商只有1万左右，开了5家以上的加盟商超过1000个，在没有距离保护的机制下，开蜜雪冰城没有想象中那么赚钱。如此来看，蜜雪冰城之所以赚得盆满钵满，很大可能和对加盟商的运营策略转变有关。这种运营的改变，短期内对公司的业绩提振作用确实很明显，但实际上对企业长期发展极其不利。举例来说，2020年贤合庄火锅借着明星知名度、短视频的病毒式传播，短短一年内吸引加盟商开出近800家门店。然而落实到运营层面，急速扩张下，出现了一些地方可能已经有了四五家贤合庄，贤合庄也会再开十几家，甚至更多的连锁店。如此一来，企业方大赚特赚——据了解，加盟一家贤合庄需要投资400万。但加盟商的单店利润被压的极薄。据福州地区贤合庄店长反馈：门店利润只有55%，这样的利润并不比许多餐饮企业高。但是如果涨价了，消费者就会觉得贵，保持现状下去只能是亏本。另一方面，服务和食品安全问题频出，也让贤合庄的口碑一落再落，客户流失严重。钱途屡屡受阻下，加盟商开启大逃杀。数据显示，截止目前贤合庄的加盟店已关了近一半。而如今，蜜雪冰城也显露出被“反噬”的迹象。黑猫投诉平台统计显示，蜜雪冰城相关的投诉多达4193条，远高于茶百道、奈雪的投诉数量数量：前者为872条，后者为1192条。此外，2022年更是多次爆出因为食品安全问题，被罚款的情况。至于原因，网上有一个流传甚广的加盟商分享贴称：但凡有的赚，都不会做这种事。蜜雪单价太低，但是现在房租贵，人工贵，外卖收费率高，能从这边省出一点点来了。总的来说，蜜雪冰城财务数据的靓丽，和加盟商的负重前行脱不开关系。但如此运营方式，显然和加盟商加盟生意的初衷——赚钱相悖。再往后面发展，压力达到一定程度，利润薄到一定限度，矛盾反噬也会随之骤增，长期来看恐难以持续。资本扩张天花板有多高？抓住环境周期以及透支加盟商荷包，蜜雪冰城把自己打扮得漂漂亮亮的，而其底牌不止于此。招股书说道：本次募集资金投资“生产建设类”项目，其能够满足逐渐升级的消费需求，这将促使现制茶饮的市场规模持续增长。意思是说，其还有继续扩张故事，增加叩开资本市场大门的筹码。那么，这一块的确定性如何呢？数据来看，蜜雪冰城品牌门店2021年度终端销售额约为200亿元，约占现制茶饮行业市场规模的7.15%；境内门店2021年末数量约2万家，约占现制茶饮门店总数的5.13%。也就是说，蜜雪冰城当前在行业的市占率，确实不算高。不过回到企业个体，没有谁能无限增长，而决定蜜雪冰城市占率高度的，在于其上升潜力。我们以门店数最多、密度最大（排除偏远地区，没有参考价值）的河南地区为样本锚，测算出其全国开店总数空间约为35265间。备注：1、蜜雪冰城定位低，受消费能力的影响小，因此主要考虑人口因素的影响；2、测算方式：门店密度=人口/门店数，每个门店覆盖的人口数，覆盖的人数越少，开店空间越大。据招股书，截至2022Q1，蜜雪冰城的门店数量已有22276间，占开店预期总数近60%，离天花板还有一定距离，存在上升空间。不过，热衷于讲扩张故事的不只有蜜雪冰城。星巴克在上个月的全球投资者交流会上发布2025中国战略愿景表示：计划至2025年新开3000家门店，覆盖中国300个城市。而一众茶饮品牌，也都在进行着各自的扩张步调。更值得注意的是，它们将目光锁定在蜜雪冰城的基本盘——下沉市场。比如，喜茶为了下沉破圈，推出了新品牌“喜小茶”，产品价格集中在8元-16元区间，和蜜雪冰城近身搏斗。DT财经数据显示，喜茶、奈雪、星巴克在三线及以下城市的开店数量，已经超过了二线城市，正在接近一线城市。除了高端品牌下沉，同等定位品牌的扩张也很凶猛：茶饮品牌甜啦啦5年内拓店4000家，古茗截至2020年底门店数突破了4000家，瑞幸为了打开低线城市，采用0元加盟费拓店。如此竞争白热化加剧，抢夺加盟商将变得越来越难。目前来看，在加盟投入上，蜜雪冰城的加盟费相对低一点。但其有一个问题，就是每三年签一次合同时，规定加盟商要重新装修店铺，这会额外带来十几万的成本支出。这不仅把蜜雪冰城的加盟投入优势冲抵掉了，而且加重了加盟商的负担。再叠加上文论述过的，蜜雪冰城赚钱越来越难，吸引力优势或进一步被稀释。比如，2022年业内专家交流会上提到：如果蜜雪冰城加盟店的投资回报期拉长到2年左右，或许2022年下半年、2023年，那些发现盈利不尽如人意，也没有足够资金开第二家店的加盟商，可能会选择闭店，从而产生一波闭店潮。而极海品牌监测捕捉到，最近90天内大规模开店的蜜雪冰城，关店情况也很严重，一共关闭了368家门店。不过，蜜雪冰城招股书显示，其目前的整体闭店率控制在5%以内。这一定程度反衬出，蜜雪冰城选取当下上市时机的“用心良苦”。一整个梳理下来，当下的蜜雪冰城可以说是最美丽的时候，此时不上市，更待何时？但靠借力外部环境催化以及加盟商负重前行，美化出来的靓丽，犹如沙滩上堆出的城堡，看着精致，实则脆弱。而考虑到经济周期切换、运营方面的反噬以及竞争对高增长持续性的影响，值得投资人斟酌：雪王会不会上市即巅峰？现在又是不是投资的好时机？","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":426,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9917798200,"gmtCreate":1665582508300,"gmtModify":1676537631069,"author":{"id":"3568697814695599","authorId":"3568697814695599","name":"HCBICE","avatar":"https://static.tigerbbs.com/b4851c4a27e84de19dd126ece72f2e29","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3568697814695599","idStr":"3568697814695599"},"themes":[],"htmlText":"[财迷]&nbsp;","listText":"[财迷]&nbsp;","text":"[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9917798200","repostId":"2274656487","repostType":4,"isVote":1,"tweetType":1,"viewCount":532,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9914593369,"gmtCreate":16653012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14:33","market":"us","language":"zh","title":"Self-driving unicorn Mobileye goes public in the United States with a valuation of up to $30 billion","url":"https://stock-news.laohu8.com/highlight/detail?id=2273621018","media":"独角兽早知道","summary":"此前英特尔已公布Mobileye于今年秘密申请IPO。2014年，Mobileye成功在纽交所挂牌上市，是以色列有史以来在美国最大的IPO。2017年3月，Mobileye被英特尔以153亿美元所收购。退市之前，Mobileye市值已达到139.2亿美元。2020年，英特尔以9亿美元收购以色列出行公司Moovit，并入Mobileye中。财报显示，截至今年7月2日的六个月内，Mobileye营收达到8.54亿美元，同比增长21%，主要原因是上半年EyeQ芯片销售额增长18%；毛利润为4.05亿美元。此外，Mobileye还面临激烈的市场竞争。","content":"<p><html><head></head><body>At a time when the U.S. semiconductor industry as a whole is relatively sluggish, the stock price of chip stocks is not performing well, and the market valuation has been lowered from US $50 billion to US $30 billion, chip giants<a href=\"https://laohu8.com/S/INTC\">Intel</a>Its autonomous driving subsidiary<a href=\"https://laohu8.com/S/MBLY\">Mobileye</a>Officially launched IPO listing. According to news on October 1, Mobileye Global applied to the U.S. Securities and Exchange Commission (SEC) for an initial public offering of its Class A common stock, seeking listing on Nasdaq under the stock code \"MBLY\". Intel has previously announced that Mobileye has secretly applied for an IPO this year.</p><p>The prospectus shows that,<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>、<a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a>, Evercore ISI, Barclays, Citigroup,<a href=\"https://laohu8.com/S/BAC\">Bank of America</a>Securities is the underwriter of this IPO.</p><p>As the fully controlling party of Mobileye, American media generally believe that listing Mobileye on Nasdaq is part of Intel's broader strategy to reverse its core business. Intel CEO Pat Gelsinger previously said, \"Amnon (co-founder and CEO of Mobileye) and I believe that the IPO provides the best opportunity to consolidate Mobileye's innovation record and unlock value for shareholders.\"</p><p>It is reported that Mobileye was founded in 1999 and is headquartered in Israel. It is a global leader in computer vision development and machine learning data analysis, positioning and map technology applications to advanced driver assistance systems (ADAS) and autonomous driving solutions.</p><p>More than 20 years ago, Mobileye pioneered ADAS technology, mainly providing a series of ADAS solutions, eyes-off/hands-free autonomous driving solutions, and ADAS and autonomous driving full-stack solutions including AMaaS software. In 2014, Mobileye was successfully listed on the New York Stock Exchange, making it the largest IPO in Israel's history in the United States.</p><p>In March 2017, Mobileye was acquired by Intel for US $15.3 billion. Prior to the delisting, Mobileye's market capitalization had reached $13.92 billion. In 2020, Intel acquired Israeli travel company Moovit for US $900 million and merged it into Mobileye.</p><p>The financial report shows that in the six months ended July 2 this year, Mobileye's revenue reached US $854 million, a year-on-year increase of 21%, mainly due to the 18% increase in EyeQ chip sales in the first half of the year; Gross profit was $405 million. Operating loss was $36 million, and net loss for the period was $67 million, accounting for income taxes.</p><p>For the previous full year, from 2018 to 2021, Mobileye's total revenue was US $698 million, 879 million, 967 million, and US $1.386 billion respectively. Among them, revenue in 2021 will increase by 43% year-on-year, due to the increase in sales of EyeQ chips, with a net loss of US $75 million; The growth rate in 2020 is only 10%, mainly due to the decline in chip production caused by COVID-19 pandemic, with a net loss of US $196 million.</p><p>It is worth noting that more than 90% (94% in 2021) of Mobileye's revenue comes from the EyeQ SoC system integration chip solution. Another SuperVision pure vision ADAS solution was launched in the fourth quarter of 2021 and did not generate revenue in the first half of this year.</p><p>According to the prospectus, as of July 2, 2022, Mobileye solutions have been installed in approximately 800 models and more than 117 million vehicles, and more than 50 OEMs around the world have applied Mobileye ADAS solutions. From 2019 to 2021, EyeQ SoC shipments will be 17.5 million, 19.7 million, and 28.1 million pieces respectively, and shipments in the first half of 2022 will be approximately 15.9 million pieces. Mobileye expects its ADAS solutions to be deployed in more than 266 million vehicles by 2030.</p><p><img src=\"https://static.tigerbbs.com/85a162a2aeee4232b149dd1fdd7b2196\" tg-width=\"1080\" tg-height=\"1409\" referrerpolicy=\"no-referrer\"/>The prospectus mentioned that Mobileye believes that the implementation of self-driving cars still faces three major challenges: regulatory approval, high-precision map data, and cost reduction. In order to scale autonomous consumer vehicles, system costs need to be reduced to several thousand dollars.</p><p>In addition, Mobileye also faces fierce market competition.</p><p>Among them, automatic chip suppliers include<a href=\"https://laohu8.com/S/AMBA\">Ambarella</a>Ambarella, AMD, Arriver/<a href=\"https://laohu8.com/S/QCOM\">Qualcomm</a>, Huawei,<a href=\"https://laohu8.com/S/NVDA\">Nvidia</a>、<a href=\"https://laohu8.com/S/NXPI\">NXP</a>, Renesas Electronics,<a href=\"https://laohu8.com/S/TXN\">Texas Instruments</a>、<a href=\"https://laohu8.com/S/000716\">Black sesame</a>Smart, Horizon, etc; Autonomous driving software manufacturers include Argo AI, Aurora, General Cruise, Pony.ai, Waymo/Google in the United States and Europe,<a href=\"https://laohu8.com/S/YNDX\">Yandex</a>And Zoox, Chinese companies including<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>, Didi, Auto X, Deeproute.ai, Momenta and WeRide, among others; Consumer self-driving car manufacturers include<a href=\"https://laohu8.com/S/AAPL\">Apple</a>、<a href=\"https://laohu8.com/S/SNE\">Sony</a>And<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>Etc.</p><p>According to the prospectus, China is Mobileye's second largest revenue region after the United States. In 2021, Mobileye China's revenue will reach US $270 million, accounting for 19.4% of total revenue. Last week, Mobileye announced further expansion of business cooperation with Geely.</p><p>Earlier, Erez Dagan, vice president of Intel Corporation and executive vice president of products and strategy at Mobileye, said in an interview with the media that compared with Nvidia and Qualcomm's high-end solutions, its OEM and Tier 1 (Tier 1 supplier) customers are pursuing the most economical, safe and lowest power consumption products. With<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>There is a huge market demand for automobile chips, and Mobileye will provide popular market solutions and match and adapt to the mid-to-high-end market through additional functions.</p><p>Intel has said that it will use part of the funds from the Mobileye listing to build more semiconductor factories for Intel. Because it is carrying out the IDM 2.0 plan to conduct wafer Foundry (Foundry) for other chip design companies.</p><p>If Mobileye successfully lists this year, it will be the largest IPO in the United States in 2022. According to Refinitiv data, only 14 technology companies have gone public in the United States so far this year, the lowest since 2000.</p><p></body></html></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Self-driving unicorn Mobileye goes public in the United States with a valuation of up to $30 billion</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\">\nSelf-driving unicorn Mobileye goes public in the United States with a valuation of up to $30 billion\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1023683695\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/1147954ba5ed4a54ba9a061e9dd405e5);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">独角兽早知道 </p>\n<p class=\"h-time smaller\">2022-10-09 14:33</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>At a time when the U.S. semiconductor industry as a whole is relatively sluggish, the stock price of chip stocks is not performing well, and the market valuation has been lowered from US $50 billion to US $30 billion, chip giants<a href=\"https://laohu8.com/S/INTC\">Intel</a>Its autonomous driving subsidiary<a href=\"https://laohu8.com/S/MBLY\">Mobileye</a>Officially launched IPO listing. According to news on October 1, Mobileye Global applied to the U.S. Securities and Exchange Commission (SEC) for an initial public offering of its Class A common stock, seeking listing on Nasdaq under the stock code \"MBLY\". Intel has previously announced that Mobileye has secretly applied for an IPO this year.</p><p>The prospectus shows that,<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>、<a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a>, Evercore ISI, Barclays, Citigroup,<a href=\"https://laohu8.com/S/BAC\">Bank of America</a>Securities is the underwriter of this IPO.</p><p>As the fully controlling party of Mobileye, American media generally believe that listing Mobileye on Nasdaq is part of Intel's broader strategy to reverse its core business. Intel CEO Pat Gelsinger previously said, \"Amnon (co-founder and CEO of Mobileye) and I believe that the IPO provides the best opportunity to consolidate Mobileye's innovation record and unlock value for shareholders.\"</p><p>It is reported that Mobileye was founded in 1999 and is headquartered in Israel. It is a global leader in computer vision development and machine learning data analysis, positioning and map technology applications to advanced driver assistance systems (ADAS) and autonomous driving solutions.</p><p>More than 20 years ago, Mobileye pioneered ADAS technology, mainly providing a series of ADAS solutions, eyes-off/hands-free autonomous driving solutions, and ADAS and autonomous driving full-stack solutions including AMaaS software. In 2014, Mobileye was successfully listed on the New York Stock Exchange, making it the largest IPO in Israel's history in the United States.</p><p>In March 2017, Mobileye was acquired by Intel for US $15.3 billion. Prior to the delisting, Mobileye's market capitalization had reached $13.92 billion. In 2020, Intel acquired Israeli travel company Moovit for US $900 million and merged it into Mobileye.</p><p>The financial report shows that in the six months ended July 2 this year, Mobileye's revenue reached US $854 million, a year-on-year increase of 21%, mainly due to the 18% increase in EyeQ chip sales in the first half of the year; Gross profit was $405 million. Operating loss was $36 million, and net loss for the period was $67 million, accounting for income taxes.</p><p>For the previous full year, from 2018 to 2021, Mobileye's total revenue was US $698 million, 879 million, 967 million, and US $1.386 billion respectively. Among them, revenue in 2021 will increase by 43% year-on-year, due to the increase in sales of EyeQ chips, with a net loss of US $75 million; The growth rate in 2020 is only 10%, mainly due to the decline in chip production caused by COVID-19 pandemic, with a net loss of US $196 million.</p><p>It is worth noting that more than 90% (94% in 2021) of Mobileye's revenue comes from the EyeQ SoC system integration chip solution. Another SuperVision pure vision ADAS solution was launched in the fourth quarter of 2021 and did not generate revenue in the first half of this year.</p><p>According to the prospectus, as of July 2, 2022, Mobileye solutions have been installed in approximately 800 models and more than 117 million vehicles, and more than 50 OEMs around the world have applied Mobileye ADAS solutions. From 2019 to 2021, EyeQ SoC shipments will be 17.5 million, 19.7 million, and 28.1 million pieces respectively, and shipments in the first half of 2022 will be approximately 15.9 million pieces. Mobileye expects its ADAS solutions to be deployed in more than 266 million vehicles by 2030.</p><p><img src=\"https://static.tigerbbs.com/85a162a2aeee4232b149dd1fdd7b2196\" tg-width=\"1080\" tg-height=\"1409\" referrerpolicy=\"no-referrer\"/>The prospectus mentioned that Mobileye believes that the implementation of self-driving cars still faces three major challenges: regulatory approval, high-precision map data, and cost reduction. In order to scale autonomous consumer vehicles, system costs need to be reduced to several thousand dollars.</p><p>In addition, Mobileye also faces fierce market competition.</p><p>Among them, automatic chip suppliers include<a href=\"https://laohu8.com/S/AMBA\">Ambarella</a>Ambarella, AMD, Arriver/<a href=\"https://laohu8.com/S/QCOM\">Qualcomm</a>, Huawei,<a href=\"https://laohu8.com/S/NVDA\">Nvidia</a>、<a href=\"https://laohu8.com/S/NXPI\">NXP</a>, Renesas Electronics,<a href=\"https://laohu8.com/S/TXN\">Texas Instruments</a>、<a href=\"https://laohu8.com/S/000716\">Black sesame</a>Smart, Horizon, etc; Autonomous driving software manufacturers include Argo AI, Aurora, General Cruise, Pony.ai, Waymo/Google in the United States and Europe,<a href=\"https://laohu8.com/S/YNDX\">Yandex</a>And Zoox, Chinese companies including<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>, Didi, Auto X, Deeproute.ai, Momenta and WeRide, among others; Consumer self-driving car manufacturers include<a href=\"https://laohu8.com/S/AAPL\">Apple</a>、<a href=\"https://laohu8.com/S/SNE\">Sony</a>And<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>Etc.</p><p>According to the prospectus, China is Mobileye's second largest revenue region after the United States. In 2021, Mobileye China's revenue will reach US $270 million, accounting for 19.4% of total revenue. Last week, Mobileye announced further expansion of business cooperation with Geely.</p><p>Earlier, Erez Dagan, vice president of Intel Corporation and executive vice president of products and strategy at Mobileye, said in an interview with the media that compared with Nvidia and Qualcomm's high-end solutions, its OEM and Tier 1 (Tier 1 supplier) customers are pursuing the most economical, safe and lowest power consumption products. With<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>There is a huge market demand for automobile chips, and Mobileye will provide popular market solutions and match and adapt to the mid-to-high-end market through additional functions.</p><p>Intel has said that it will use part of the funds from the Mobileye listing to build more semiconductor factories for Intel. Because it is carrying out the IDM 2.0 plan to conduct wafer Foundry (Foundry) for other chip design companies.</p><p>If Mobileye successfully lists this year, it will be the largest IPO in the United States in 2022. According to Refinitiv data, only 14 technology companies have gone public in the United States so far this year, the lowest since 2000.</p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/03b737852f586e2640047e4e68a010a4","relate_stocks":{"BK4550":"红杉资本持仓","BK4579":"人工智能","BK4141":"半导体产品","BK4534":"瑞士信贷持仓","BK4535":"淡马锡持仓","INTC":"英特尔","BK4554":"元宇宙及AR概念","MBLY":"Mobileye Global Inc.","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4515":"5G概念","BK4529":"IDC概念","BK4512":"苹果概念","BK4527":"明星科技股","BK4575":"芯片概念","IPO":"Renaissance IPO ETF"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2273621018","content_text":"在美国半导体行业整体较为低迷，芯片股股价表现不佳，以及市场估值已经从500亿美元下调至300亿美元之际，芯片巨头英特尔旗下自动驾驶子公司Mobileye正式启动IPO上市。10月1日消息，Mobileye Global公司向美国证券交易委员会（SEC）申请首次公开发行其A类普通股，寻求到纳斯达克上市，股票代码为“MBLY”。此前英特尔已公布Mobileye于今年秘密申请IPO。招股书显示，高盛、摩根士丹利、Evercore ISI、巴克莱、花旗集团、美国银行证券为本次IPO承销商。作为Mobileye完全控股方，美国媒体普遍认为，将Mobileye在纳斯达克上市，是英特尔扭转其核心业务更广泛战略的一部分。英特尔CEO 帕特·基辛格（Pat Gelsinger）此前表示，“我和Amnon（Mobileye联合创始人兼CEO）认为，首次公开募股为巩固Mobileye的创新记录和为股东释放价值提供了最佳机会。”据悉，Mobileye成立于1999年，总部位于以色列，是计算机视觉发展和机器学习数据分析，定位和地图科技应用于高级驾驶辅助系统（ADAS）和自动驾驶解决方案的全球领导者。20多年前，Mobileye开创了ADAS技术，主要提供一系列ADAS解决方案、eyes-off/hands-free自动驾驶方案以及AMaaS软件在内的ADAS和自动驾驶全栈解决方案。2014年，Mobileye成功在纽交所挂牌上市，是以色列有史以来在美国最大的IPO。2017年3月，Mobileye被英特尔以153亿美元所收购。退市之前，Mobileye市值已达到139.2亿美元。2020年，英特尔以9亿美元收购以色列出行公司Moovit，并入Mobileye中。财报显示，截至今年7月2日的六个月内，Mobileye营收达到8.54亿美元，同比增长21%，主要原因是上半年EyeQ芯片销售额增长18%；毛利润为4.05亿美元。营业亏损为3600万美元，考虑到所得税，该期间的净亏损为6700万美元。更早之前的全年，2018年-2021年，Mobileye总营收分别为6.98亿、8.79亿、9.67亿、13.86亿美元。其中，2021年收入同比增长43%，原因是EyeQ芯片销量增加，净亏损为7500万美元；2020年增幅仅10%，主要原因是新冠疫情导致芯片产量下降，净亏损额达1.96亿美元。值得注意的是，Mobileye公司九成以上（2021年为94%）的营收来自EyeQ SoC系统集成芯片方案。而另一个SuperVision纯视觉ADAS方案于2021年第四季度推出，今年上半年没有产生收入。招股书显示，截至2022年7月2日，Mobileye解决方案已安装在大约800款车型、超过1.17亿个车辆中，全球50多家OEM厂商应用Mobileye ADAS解决方案。2019-2021年，EyeQ SoC出货量分别为1750万、1970万以及2810万片，2022年上半年出货量约为1590万片。Mobileye预计，到2030年，其ADAS解决方案将部署在超过2.66亿辆汽车中。招股书提及，Mobileye认为自动驾驶汽车落地实践还面临三大挑战：监管认可、高精地图数据以及降低成本。为了让自动驾驶消费车辆规模化，系统成本需要降低到几千美元。此外，Mobileye还面临激烈的市场竞争。其中，在自动芯片供应商中包括安霸（Ambarella）、AMD、Arriver/高通、华为、英伟达、恩智浦、瑞萨电子、德州仪器、黑芝麻智能、地平线等；自动驾驶软件厂商中包括美国和欧洲的Argo AI、Aurora、通用Cruise、Pony.ai、Waymo/Google、Yandex和Zoox，中国企业包括百度、滴滴、Auto X、Deeproute.ai、Momenta和文远知行等；消费级自动驾驶车厂商包括苹果、索尼和特斯拉等。招股书显示，中国是Mobileye仅次于美国的第二大营收区域。2021年，Mobileye中国区收入达2.7亿美元，占总营收比重的19.4%。上周Mobileye宣布与吉利进一步扩大业务合作。早前，英特尔公司副总裁、Mobileye产品及战略执行副总裁Erez Dagan接受媒体采访时表示，相比英伟达、高通高阶方案，其OEM和Tier 1（一级供应商）客户追求的是最经济、最安全和最低功耗的产品。随着智能汽车对芯片产生巨大市场需求，Mobileye将提供大众化市场解决方案，并且通过附加功能来匹配、适应中高端市场。英特尔曾表示，将利用此次Mobileye上市的部分资金，将为英特尔建立更多的半导体工厂。因为其正在开展IDM 2.0计划，为其他芯片设计公司进行晶圆代工（Foundry）。如果Mobileye今年成功挂牌，这将是2022年美国最大的一次IPO。Refinitiv数据显示，今年到目前为止仅有14家科技公司在美国上市，为2000年以来的最低记录。","news_type":1,"symbols_score_info":{"IPO":1,"INTC":1,"MBLY":1}},"isVote":1,"tweetType":1,"viewCount":374,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9914593960,"gmtCreate":1665301241150,"gmtModify":1676537585343,"author":{"id":"3568697814695599","authorId":"3568697814695599","name":"HCBICE","avatar":"https://static.tigerbbs.com/b4851c4a27e84de19dd126ece72f2e29","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3568697814695599","idStr":"3568697814695599"},"themes":[],"htmlText":"[财迷]&nbsp;","listText":"[财迷]&nbsp;","text":"[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9914593960","repostId":"1130433742","repostType":4,"repost":{"id":"1130433742","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":1665298148,"share":"https://ttm.financial/m/news/1130433742?lang=en_US&edition=fundamental","pubTime":"2022-10-09 14:49","market":"us","language":"zh","title":"The three departments collectively interviewed some photovoltaic companies and industry organizations: required not to engage in hoarding and other behaviors","url":"https://stock-news.laohu8.com/highlight/detail?id=1130433742","media":"老虎资讯综合","summary":"财联社10月9日电，工业和信息化部、市场监管总局、国家能源局三部门有关业务司局在组织开展光伏产业链供应链合作对接的基础上，近期集体约谈了部分多晶硅骨干企业及行业机构，引导相关单位加强自律自查和规范管理","content":"<p><html><head></head><body>Financial Associated Press, October 9th, the relevant business departments and bureaus of the Ministry of Industry and Information Technology, the State Administration for Market Regulation, and the National Energy Administration recently collectively interviewed some polysilicon backbones on the basis of organizing the cooperation and docking of the photovoltaic industry chain and supply chain. Enterprises and industry organizations guide relevant units to strengthen self-discipline, self-examination and standardized management. The three departments put forward work requirements for relevant units: first, they must focus on the overall situation and long-term interests, adhere to win-win cooperation between upstream and downstream, and promote high-quality development of the photovoltaic industry; Second, it is necessary to strengthen corporate self-discipline, carry out in-depth self-examination and self-correction, consciously standardize sales behavior, and refrain from hoarding, opportunity speculation and other price gouging behaviors; The third is to coordinate and promote the construction of existing photovoltaic projects, reasonably release existing production capacity, and appropriately accelerate the construction of compliance projects under construction. At the same time, it is necessary to study and judge in advance the subsequent large-scale commissioning of new production capacity to prevent risks. In the next step, relevant departments will further strengthen work coordination, strengthen supervision and management, and strengthen investigation and severe crackdown on illegal activities such as price gouging and monopolizing the manufacture and sale of fake and shoddy products in the industry.<img src=\"https://static.tigerbbs.com/c7856e2d5360420401d8e3695a58fbba\" tg-width=\"1155\" tg-height=\"714\" width=\"100%\" height=\"auto\"/></p><p></body></html></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The three departments collectively interviewed some photovoltaic companies and industry organizations: required not to engage in hoarding and other behaviors</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 three departments collectively interviewed some photovoltaic companies and industry organizations: required not to engage in hoarding and other behaviors\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2022-10-09 14:49</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Financial Associated Press, October 9th, the relevant business departments and bureaus of the Ministry of Industry and Information Technology, the State Administration for Market Regulation, and the National Energy Administration recently collectively interviewed some polysilicon backbones on the basis of organizing the cooperation and docking of the photovoltaic industry chain and supply chain. Enterprises and industry organizations guide relevant units to strengthen self-discipline, self-examination and standardized management. The three departments put forward work requirements for relevant units: first, they must focus on the overall situation and long-term interests, adhere to win-win cooperation between upstream and downstream, and promote high-quality development of the photovoltaic industry; Second, it is necessary to strengthen corporate self-discipline, carry out in-depth self-examination and self-correction, consciously standardize sales behavior, and refrain from hoarding, opportunity speculation and other price gouging behaviors; The third is to coordinate and promote the construction of existing photovoltaic projects, reasonably release existing production capacity, and appropriately accelerate the construction of compliance projects under construction. At the same time, it is necessary to study and judge in advance the subsequent large-scale commissioning of new production capacity to prevent risks. In the next step, relevant departments will further strengthen work coordination, strengthen supervision and management, and strengthen investigation and severe crackdown on illegal activities such as price gouging and monopolizing the manufacture and sale of fake and shoddy products in the industry.<img src=\"https://static.tigerbbs.com/c7856e2d5360420401d8e3695a58fbba\" tg-width=\"1155\" tg-height=\"714\" width=\"100%\" height=\"auto\"/></p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/fbfb47d15ad26fbfac1d13076ecbeedf","relate_stocks":{},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1130433742","content_text":"财联社10月9日电，工业和信息化部、市场监管总局、国家能源局三部门有关业务司局在组织开展光伏产业链供应链合作对接的基础上，近期集体约谈了部分多晶硅骨干企业及行业机构，引导相关单位加强自律自查和规范管理。三部门对相关单位提出工作要求：一是要着眼大局和长远利益，坚持上下游合作共赢，促进光伏产业高质量发展；二是要切实加强企业自律，深入开展自查自纠，自觉规范销售行为，不搞囤积居奇、借机炒作等哄抬价格行为；三是要统筹推进光伏存量项目建设，合理释放已建产能，适度加快在建合规项目建设步伐，同时对后续新建产能大规模投产要提前研判、防范风险。下一步，有关部门将进一步加强工作协同、强化监督管理，针对行业出现的哄抬价格、垄断制售假冒伪劣产品等违法行为加强查处、严厉打击。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":698,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9915717790,"gmtCreate":1665108983410,"gmtModify":1676537558869,"author":{"id":"3568697814695599","authorId":"3568697814695599","name":"HCBICE","avatar":"https://static.tigerbbs.com/b4851c4a27e84de19dd126ece72f2e29","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3568697814695599","idStr":"3568697814695599"},"themes":[],"htmlText":"[财迷]&nbsp;","listText":"[财迷]&nbsp;","text":"[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9915717790","repostId":"2273403333","repostType":4,"repost":{"id":"2273403333","kind":"news","pubTimestamp":1665104174,"share":"https://ttm.financial/m/news/2273403333?lang=en_US&edition=fundamental","pubTime":"2022-10-07 08:56","market":"us","language":"zh","title":"France cuts Apple's antitrust fine to $366 million by two-thirds","url":"https://stock-news.laohu8.com/highlight/detail?id=2273403333","media":"新浪科技","summary":"新浪科技讯 北京时间10月7日消息，由于存在反竞争行为，之前法国向苹果开出11亿欧元罚单，现在法国法院将罚金降至3.72亿欧元 。2020年法国反垄断机构向苹果开出巨额罚单，因为苹果的分销零售网络存在反竞争垄断行为。知情者称，上诉法官认同反垄断机构的部分指控，比如销售商在经济上依赖苹果公司，苹果滥用这种依赖关系，至于强制固定价格这一指控，法官并不支持。","content":"<p><html><head></head><body>Sina Technology News Beijing time on October 7 news, due to anti-competitive behavior, France previously<a href=\"https://laohu8.com/S/AAPL\">Apple</a>A fine of 1.1 billion euros was issued, and now the French court has reduced the fine to 372 million euros ($366 million).</p><p>In 2020, the French antitrust agency issued a huge fine to Apple because of anti-competitive monopolistic behavior in Apple's distribution and retail network.</p><p>Apple forces sellers to obey the price arrangement, and their pricing must be consistent with Apple stores or Apple online stores. According to the insider, the appellate judge agreed with some of the allegations made by the antitrust agency, such as the seller's economic dependence on Apple, and Apple abused this dependence. As for the allegation of forced fixed prices, the judge did not support it.</p><p>Also, the figure selected by the anti-monopoly agency when calculating the overall fine is relatively high, and the court lowered the rate.</p><p>Apple responded: \"While the court was undoubtedly right to overturn some of the French Competition Authority's decision, Apple believes it should be overturned all, so we will continue to appeal.\" Apple added that the regulators' conclusions relate to behaviors more than a decade ago that even the regulators themselves admit no longer exist.</p><p></body></html></p>","source":"sina_tech","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>France cuts Apple's antitrust fine to $366 million by two-thirds</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\">\nFrance cuts Apple's antitrust fine to $366 million by two-thirds\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">新浪科技</strong><span class=\"h-time small\">2022-10-07 08:56</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Sina Technology News Beijing time on October 7 news, due to anti-competitive behavior, France previously<a href=\"https://laohu8.com/S/AAPL\">Apple</a>A fine of 1.1 billion euros was issued, and now the French court has reduced the fine to 372 million euros ($366 million).</p><p>In 2020, the French antitrust agency issued a huge fine to Apple because of anti-competitive monopolistic behavior in Apple's distribution and retail network.</p><p>Apple forces sellers to obey the price arrangement, and their pricing must be consistent with Apple stores or Apple online stores. According to the insider, the appellate judge agreed with some of the allegations made by the antitrust agency, such as the seller's economic dependence on Apple, and Apple abused this dependence. As for the allegation of forced fixed prices, the judge did not support it.</p><p>Also, the figure selected by the anti-monopoly agency when calculating the overall fine is relatively high, and the court lowered the rate.</p><p>Apple responded: \"While the court was undoubtedly right to overturn some of the French Competition Authority's decision, Apple believes it should be overturned all, so we will continue to appeal.\" Apple added that the regulators' conclusions relate to behaviors more than a decade ago that even the regulators themselves admit no longer exist.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://tech.sina.cn/2022-10-07/detail-imqqsmrp1699392.d.html?vt=4\">新浪科技</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/785e1d8b0ba0e9ca532cc028042f1eec","relate_stocks":{"BK4505":"高瓴资本持仓","BK4515":"5G概念","BK4559":"巴菲特持仓","BK4550":"红杉资本持仓","BK4579":"人工智能","BK4507":"流媒体概念","BK4170":"电脑硬件、储存设备及电脑周边","AAPL":"苹果","BK4574":"无人驾驶","BK4573":"虚拟现实","BK4554":"元宇宙及AR概念","BK4532":"文艺复兴科技持仓","BK4581":"高盛持仓","BK4566":"资本集团","BK4512":"苹果概念","BK4501":"段永平概念","BK4553":"喜马拉雅资本持仓","BK4527":"明星科技股","BK4571":"数字音乐概念","BK4534":"瑞士信贷持仓","BK4576":"AR","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4575":"芯片概念"},"source_url":"https://tech.sina.cn/2022-10-07/detail-imqqsmrp1699392.d.html?vt=4","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2273403333","content_text":"新浪科技讯 北京时间10月7日消息，由于存在反竞争行为，之前法国向苹果开出11亿欧元罚单，现在法国法院将罚金降至3.72亿欧元（3.66亿美元）。2020年法国反垄断机构向苹果开出巨额罚单，因为苹果的分销零售网络存在反竞争垄断行为。苹果强制销售商服从价格安排，它们的定价必须与苹果专卖店或者苹果网店保持一致。知情者称，上诉法官认同反垄断机构的部分指控，比如销售商在经济上依赖苹果公司，苹果滥用这种依赖关系，至于强制固定价格这一指控，法官并不支持。还有，反垄断机构计算整体罚金时选取的数字比较高，法院降低了费率。苹果公司回应称：“虽然法院推翻了法国竞争管理局（French Competition Authority）的部分决定，这无疑是正确的，但苹果认为应该全部推翻，所以我们会继续上诉。”苹果还说监管机构给出的结论与十多年前的行为有关，这些行为连监管机构本身也承认现在已不再存在。","news_type":1,"symbols_score_info":{"AAPL":1}},"isVote":1,"tweetType":1,"viewCount":563,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9918282146,"gmtCreate":1664407601985,"gmtModify":1676537447240,"author":{"id":"3568697814695599","authorId":"3568697814695599","name":"HCBICE","avatar":"https://static.tigerbbs.com/b4851c4a27e84de19dd126ece72f2e29","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3568697814695599","idStr":"3568697814695599"},"themes":[],"htmlText":"[财迷]&nbsp;","listText":"[财迷]&nbsp;","text":"[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9918282146","repostId":"2270733865","repostType":4,"repost":{"id":"2270733865","kind":"news","pubTimestamp":1664406983,"share":"https://ttm.financial/m/news/2270733865?lang=en_US&edition=fundamental","pubTime":"2022-09-29 07:16","market":"us","language":"zh","title":"\"Controversy\" Moore's Law, Intel refutes Nvidia's \"end theory\"","url":"https://stock-news.laohu8.com/highlight/detail?id=2270733865","media":"第一财经","summary":"作为计算机行业的黄金定律，摩尔定律一直指导着芯片开发。但是随着芯片工艺升级速度的放缓，围绕在这一定律身上的争议也在不断扩大。　　9月28日凌晨，面对摩尔定律的“信任危机”，英特尔CEO帕特·基辛格表示，至少在未来十年里，摩尔定律“依然有效”。“摩尔定律结束了。”　　两大芯片巨头对于摩尔定律的分歧展现了当下芯片企业对于技术演进方向的不确定性。此外，摩尔定律质疑声中最大的“噪音”来自于技术与成本的平衡。","content":"<p><div>As the golden rule of the computer industry, Moore's Law has always guided chip development. However, as the speed of chip process upgrades slows down, the controversy surrounding this law is also expanding. In the early morning of September 28, facing the \"crisis of confidence\" in Moore's Law, Intel CEO Pat Gelsinger (Pat Gelsinger) said that Moore's Law \"will still be valid\" for at least the next ten years. However, a week ago, Nvidia founder and CEO Huang Renxun expressed a diametrically opposite view. Huang Renxun said in an interview that achieving twice the performance expectation at similar costs has been...</p><p><a href=\"https://finance.sina.com.cn/jjxw/2022-09-28/doc-imqmmtha9131682.shtml\">Web link</a></div></p>","source":"sina","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>\"Controversy\" Moore's Law, Intel refutes Nvidia's \"end theory\"</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\">\n\"Controversy\" Moore's Law, Intel refutes Nvidia's \"end theory\"\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">第一财经</strong><span class=\"h-time small\">2022-09-29 07:16</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div>As the golden rule of the computer industry, Moore's Law has always guided chip development. However, as the speed of chip process upgrades slows down, the controversy surrounding this law is also expanding. In the early morning of September 28, facing the \"crisis of confidence\" in Moore's Law, Intel CEO Pat Gelsinger (Pat Gelsinger) said that Moore's Law \"will still be valid\" for at least the next ten years. However, a week ago, Nvidia founder and CEO Huang Renxun expressed a diametrically opposite view. Huang Renxun said in an interview that achieving twice the performance expectation at similar costs has been...</p><p><a href=\"https://finance.sina.com.cn/jjxw/2022-09-28/doc-imqmmtha9131682.shtml\">Web link</a></div></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://finance.sina.com.cn/jjxw/2022-09-28/doc-imqmmtha9131682.shtml\">第一财经</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/3f1c866c487eb9e101f73a62d4495ce9","relate_stocks":{"BK4535":"淡马锡持仓","BK4515":"5G概念","BK4579":"人工智能","BK4549":"软银资本持仓","BK4550":"红杉资本持仓","BK4548":"巴美列捷福持仓","INTC":"英特尔","BK4551":"寇图资本持仓","BK4581":"高盛持仓","BK4532":"文艺复兴科技持仓","BK4554":"元宇宙及AR概念","BK4512":"苹果概念","BK4527":"明星科技股","BK4543":"AI","NVDA":"英伟达","BK4141":"半导体产品","BK4567":"ESG概念","BK4534":"瑞士信贷持仓","BK4503":"景林资产持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4529":"IDC概念","BK4575":"芯片概念"},"source_url":"https://finance.sina.com.cn/jjxw/2022-09-28/doc-imqmmtha9131682.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/b0d1b7e8843deea78cc308b15114de44","article_id":"2270733865","content_text":"作为计算机行业的黄金定律，摩尔定律一直指导着芯片开发。但是随着芯片工艺升级速度的放缓，围绕在这一定律身上的争议也在不断扩大。9月28日凌晨，面对摩尔定律的“信任危机”，英特尔CEO帕特·基辛格（Pat Gelsinger）表示，至少在未来十年里，摩尔定律“依然有效”。然而在一周前，英伟达创始人兼CEO黄仁勋却表达了截然相反的观点。黄仁勋在一场采访中表示，以类似成本实现两倍业绩预期对于芯片行业来说已成为过去。“摩尔定律结束了。”两大芯片巨头对于摩尔定律的分歧展现了当下芯片企业对于技术演进方向的不确定性。即便实现了晶体管堆积数量的增加，但是成本的飙升开始让越来越多的企业停下对先进制程的追逐，思考摩尔定律本身的合理性。英伟达VS英特尔：摩尔定律过时了吗？摩尔定律由英特尔联合创始人戈登·摩尔（Gordon Moore）在上世纪60年代提出，逐渐演变对芯片行业的技术预言：集成电路上可以容纳的晶体管数目在大约每经过18个月到24个月便会增加一倍。换言之，处理器的性能大约每两年翻一倍，计算成本呈指数型下降。从行业角度来看，业界一直遵循这一定律，并按前一代制程的0.7倍对新制程节点命名，这种线性升级正好带来晶体管集成密度翻番。因此，出现了90纳米、65纳米、45纳米、32纳米——每一代制程节点都能在给定面积上，容纳比前一代多一倍的晶体管。这种对先进制程的追逐也极大推动了计算产业的发展，从而孕育出了高速度的互联网、智能手机和现在的车联网、智能冰箱和自动调温器等。但随着技术的发展，随着工艺从微米级到纳米级，同样小的空间里集成越来越多的硅电路，产生的热量却越来越大，摩尔定律所推崇的“两年处理能力加倍”的实现开始变得乏力。在业内看来，不断逼近物理极限的晶体管加工早已让现有的光刻技术“不堪重负”，CPU晶体管和能量大幅上升导致应用性能只有小幅增长，Dennard（登纳德）缩放效应遇到了元件物理的瓶颈。此外，摩尔定律质疑声中最大的“噪音”来自于技术与成本的平衡。英伟达认为，随着芯片架构变得更加复杂，硅晶片变得更加昂贵。黄仁勋此前在接受包括第一财经在内的记者采访时表示，“今天12英寸的晶圆要贵得多，不是贵了一点点，是贵了非常非常多。技术越来越贵，所以我们必须使用更多办法，像RTX、DLSS、SCR、Tensor Cores这样的发明，使我们能够继续克服成本的增加。”以晶圆代工成本为例，根据美国乔治敦大学沃尔什外交学院安全与新兴技术中心（CSET）发布的研究数据显示，台积电一片采用3nm制程的12英寸晶圆，代工制造费用约为3万美元，约为5nm的1.75倍。在裸片（die）面积不变（即升级架构，不增加晶体管数量）、良率不变的情况下，未来苹果A17处理器如果采用3nm制程，成本将上涨到154美元/颗，成为iPhone第一大成本零部件，而5nm的A15处理器原来只是iPhone的第三大成本零部件。“成本的增加对于一些芯片企业来说确实带来了压力。”Counterpoint分析师Brady对第一财经记者表示，英伟达的部分产品从三星的8纳米转到台积电的4纳米时，成本多了一倍有余，芯片代工成本的上升让企业选择的技术路径也会发生改变。但在英特尔看来，摩尔定律不会因为无用而结束，也不会因为经济效益不足而受阻。目前，英特尔仍在积极尝试在单个芯片上塞入更多晶体管。基辛格在28日的讲话中提到，英特尔正在推进制造工艺的进步，例如采用新的光刻技术和RibbonFET架构，这能够让公司在每个芯片上继续塞进更多的晶体管，即使它们变得足够小，小到可以用埃（0.1纳米）单位来测量。“我们希望从今天的单个封装上容纳大约1000亿个晶体管开始，到这个十年结束时实现在单个封装中加入一万亿个晶体管。”基辛格表示，摩尔定律至少在未来的十年里依然有效。谁来拯救“摩尔定律”“摩尔定律并非自然规律，而是对集成电路性能发展的观测或预测。过去半个多世纪以来，半导体行业大致按照摩尔定律发展，单个芯片上集成的晶体管数量从几千个增加到十几亿个。”CIC灼识咨询合伙人赵晓马对记者表示，现在看来摩尔定律逐渐遭遇瓶颈。受制于芯片尺寸的物理极限、光刻技术、隧道效应、功耗和散热、供电能力等问题，从5nm到3nm再到2nm，其间隔都超过了2年时间。赵晓马认为，现在半导体行业更像是进入了后摩尔时代，需要拓展新的技术路线来延续摩尔定律。新集成、新材料、新架构逐渐成为颠覆创新的焦点。新集成包括Chiplet、先进封装等，Chiplet由于其高性能、低功耗、高面积使用率以及低成本受到广泛关注，在FPGA、GPU等高性能计算市场具备很高潜力。”以Chiplet为例，这一技术通常被翻译为“粒芯”或“小芯片”。单从字面意义上可以理解为更为“粒度更小的芯片”。它是一种在先进制程下提升芯片的集成度，从而在不改变制程的前提下提升算力，并保证芯片制造良品率的一种手段。举例来说，在一颗7nm工艺制程的芯片中，一些次要的模块可以用如22nm的较低的工艺制程做成Chiplet，再“拼装”至7nm芯片上，原理如同搭积木一样，这样可以减少对7nm工艺制程的依赖。Chiplet模式也是在摩尔定律趋缓下的半导体工艺发展方向之一。截至目前，包括英特尔、AMD在内的多家芯片巨头企业都曾表明或已经在产品中导入Chiplet设计。华为曾在2019年推出了基于Chiplet技术的7nm鲲鹏920处理器。AMD今年3月推出了基于台积电3D Chiplet封装技术的第三代服务器处理芯片。苹果则推出了采用台积电CoWos-S桥接工艺的M1 Ultra芯片。此外，赵晓马表示，先进封装技术也是英特尔、台积电等巨头的重点投入方向之一，从而缓解摩尔定律的消逝。“目前行业内主要有倒装封装、晶圆级封装、2.5D/3D封装以及SiP系统级封装等。新材料主要是以SiC、GaN、GaAs为主的第三代半导体材料，具有高频、高功率、耐高压高温等特性，在5G、光伏等领域广泛应用。而新架构是指突破冯诺依曼架构的新芯片架构，例如异构计算、RISC-V精简指令集架构等。英伟达重点投入新架构来推动加速计算，新推出的Hopper GPU架构使AI计算性能显著提升。”“摩尔定律带来的不是一场竞赛。”英特尔高级院士Mark Bohr此前曾在一场制造大会上表示，诚然有一天可能会达到物理极限，但像1990年，当晶圆上的晶体管大小达到用以印刷它们的光的波长（193纳米）时，物理学界明确指出不能再向前推进了，但计算型光刻技术和多重曝光跨越了那个挑战。在英特尔看来，摩尔定律已经“失效”了很多次，但每一次都能在关键技术上实现突破，得以延续。“现在这个时候，需要整个产业链一起配合，微缩工艺要提升，需要光刻机，需要把它提升到能更精细地刻画这些特征尺寸的层级。”英特尔中国研究院院长宋继强表示，摩尔定律的进展不是一家之力，但是如果大家都相信摩尔定律，它仍然能够以一定的节奏延续下去，仍然是会不断有新的技术涌现出来。即使在现在CMOS工艺下，也还是可以推进到2nm以下。Brady则对记者表示，从行业发展趋势来看，未来5年内摩尔定律仍然会持续。“但现在最大的问题在于需求部分的增长，未来市场是否仍然存在这么多小而快的产品需求，手机需求下降时，汽车、物联网设备能否成为新技术的出海口，这是最紧迫的问题，也是企业投入先进技术的最大动力。”","news_type":1,"symbols_score_info":{"INTC":1,"NVDA":1}},"isVote":1,"tweetType":1,"viewCount":594,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}