KeithHan personal page - To The Moon

KeithHan

KeithHan

No personal profile

277Follow

11Followers

0Topic

0Badge

2021-07-16

?

Microsoft rose more than 1%, continuing to hit record highs

2021-07-21

? ? ?

Sorry, the original content has been removed

2021-07-09

Just

It is rumored that the regulatory authorities have met with Xu Jiayin, Evergrande staff: It is not convenient to respond

2021-05-20

? ? ?

Sorry, the original content has been removed

2021-04-26

? ? ? ?

Copper prices surge to highest level in a decade, nonferrous metals sector moves higher

2021-02-16

$BNGO 20210219 10.0 PUT(BNGO)$ premiun safe

2021-06-28

? ? ? ?

Is it going to be eliminated by the times? The world's most powerful company suffered a huge loss of US $22.4 billion

2021-05-09

? ? ? ?

Sorry, the original content has been removed

2021-04-23

? ? ? ? ? ?

The two K12 giants have released financial reports successively. Who has a "good future"?

2021-04-01

? ? ? ? ? ? ? ?

Uxin soared by more than 40%, and the company signed investment letters of intent with two well-known funds

Go to Tiger App to see more news

{"i18n":{"language":"en_US"},"userPageInfo":{"id":"3573373078542650","uuid":"3573373078542650","gmtCreate":1610279065802,"gmtModify":1611366061327,"name":"KeithHan","pinyin":"keithhan","introduction":"","introductionEn":"","signature":"","avatar":"https://static.tigerbbs.com/499148728d0c775136a5099e0d8769c0","hat":null,"hatId":null,"hatName":null,"vip":1,"status":2,"fanSize":11,"headSize":277,"tweetSize":0,"questionSize":0,"limitLevel":999,"accountStatus":4,"level":{"id":3,"name":"书生虎","nameTw":"書生虎","represent":"努力向上","factor":"发布10条非转发主帖,其中5条获得他人回复或点赞","iconColor":"3C9E83","bgColor":"A2F1D9"},"themeCounts":0,"badgeCounts":0,"badges":[],"moderator":false,"superModerator":false,"manageSymbols":null,"badgeLevel":null,"boolIsFan":false,"boolIsHead":false,"favoriteSize":0,"symbols":null,"coverImage":null,"realNameVerified":"success","userBadges":[{"badgeId":"1026c425416b44e0aac28c11a0848493-3","templateUuid":"1026c425416b44e0aac28c11a0848493","name":" Tiger Idol","description":"Join the tiger community for 1500 days","bigImgUrl":"https://static.tigerbbs.com/8b40ae7da5bf081a1c84df14bf9e6367","smallImgUrl":"https://static.tigerbbs.com/f160eceddd7c284a8e1136557615cfad","grayImgUrl":"https://static.tigerbbs.com/11792805c468334a9b31c39f95a41c6a","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2025.02.19","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001},{"badgeId":"44212b71d0be4ec88898348dbe882e03-3","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"President Tiger","description":"The transaction amount of the securities account reaches $1,000,000","bigImgUrl":"https://static.tigerbbs.com/fbeac6bb240db7da8b972e5183d050ba","smallImgUrl":"https://static.tigerbbs.com/436cdf80292b99f0a992e78750ac4e3a","grayImgUrl":"https://static.tigerbbs.com/506a259a7b456f037592c3b23c779599","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.08.25","exceedPercentage":"93.90%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1101},{"badgeId":"972123088c9646f7b6091ae0662215be-3","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Legendary Trader","description":"Total number of securities or futures transactions reached 300","bigImgUrl":"https://static.tigerbbs.com/656db16598a0b8f21429e10d6c1cb033","smallImgUrl":"https://static.tigerbbs.com/03f10910d4dd9234f9b5702a3342193a","grayImgUrl":"https://static.tigerbbs.com/0c767e35268feb729d50d3fa9a386c5a","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.01.11","exceedPercentage":"93.08%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100},{"badgeId":"7a9f168ff73447fe856ed6c938b61789-1","templateUuid":"7a9f168ff73447fe856ed6c938b61789","name":"Knowledgeable Investor","description":"Traded more than 10 stocks","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1102},{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a transaction","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100}],"userBadgeCount":5,"currentWearingBadge":null,"individualDisplayBadges":null,"crmLevel":11,"crmLevelSwitch":0,"location":null,"starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":0,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"baikeInfo":{},"tab":"hot","tweets":[{"id":176889236,"gmtCreate":1626876092725,"gmtModify":1703479756905,"author":{"id":"3573373078542650","authorId":"3573373078542650","name":"KeithHan","avatar":"https://static.tigerbbs.com/499148728d0c775136a5099e0d8769c0","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573373078542650","idStr":"3573373078542650"},"themes":[],"htmlText":"? ? ?&nbsp;","listText":"? ? ?&nbsp;","text":"? ? ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/176889236","repostId":"1139863092","repostType":4,"isVote":1,"tweetType":1,"viewCount":3571,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":170529561,"gmtCreate":1626443248853,"gmtModify":1703760276719,"author":{"id":"3573373078542650","authorId":"3573373078542650","name":"KeithHan","avatar":"https://static.tigerbbs.com/499148728d0c775136a5099e0d8769c0","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573373078542650","idStr":"3573373078542650"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/170529561","repostId":"1169255658","repostType":4,"repost":{"id":"1169255658","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":1626443031,"share":"https://ttm.financial/m/news/1169255658?lang=en_US&edition=fundamental","pubTime":"2021-07-16 21:43","market":"us","language":"zh","title":"Microsoft rose more than 1%, continuing to hit record highs","url":"https://stock-news.laohu8.com/highlight/detail?id=1169255658","media":"老虎资讯综合","summary":"周五盘初，微软涨超1%，高见284.1美元，续刷历史新高。瑞穗上调微软目标价至310美元，维持“买入”评级。\n\n瑞穗分析师Gregg Moskowitz发布研报，将微软目标价从285美元上调至310美","content":"<p>At the beginning of Friday's session,<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>It rose more than 1%, reaching a high of $284.1, continuing to hit a record high. Mizuho raised Microsoft's target price to $310 and maintained a \"buy\" rating.</p><p><img src=\"https://static.tigerbbs.com/79aaa3b02481436918ab8585b35435c1\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>Mizuho analyst Gregg Moskowitz released a research report, raising Microsoft's target price from $285 to $310 and maintaining a \"buy\" rating. Moskowitz said the economic recovery continues to consolidate and recent software channel checks have been \"generally very healthy.\" The analyst said companies that are going digital are still leading the way, but he noted that many legacy and on-premise technologies \"continue to normalize\". Additionally, the cybersecurity industry \"had a particularly strong quarter,\" the survey showed.</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>Microsoft rose more than 1%, continuing to hit record highs</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\">\nMicrosoft rose more than 1%, continuing to hit record highs\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-07-16 21:43</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>At the beginning of Friday's session,<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>It rose more than 1%, reaching a high of $284.1, continuing to hit a record high. Mizuho raised Microsoft's target price to $310 and maintained a \"buy\" rating.</p><p><img src=\"https://static.tigerbbs.com/79aaa3b02481436918ab8585b35435c1\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>Mizuho analyst Gregg Moskowitz released a research report, raising Microsoft's target price from $285 to $310 and maintaining a \"buy\" rating. Moskowitz said the economic recovery continues to consolidate and recent software channel checks have been \"generally very healthy.\" The analyst said companies that are going digital are still leading the way, but he noted that many legacy and on-premise technologies \"continue to normalize\". Additionally, the cybersecurity industry \"had a particularly strong quarter,\" the survey showed.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/783e4a9d3f00e88db6623c5917a7c472","relate_stocks":{"MSFT":"微软"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169255658","content_text":"周五盘初，微软涨超1%，高见284.1美元，续刷历史新高。瑞穗上调微软目标价至310美元，维持“买入”评级。\n\n瑞穗分析师Gregg Moskowitz发布研报，将微软目标价从285美元上调至310美元，并维持“买入”评级。Moskowitz表示，经济复苏继续巩固，最近的软件渠道检查“总体上非常健康”。这位分析师表示，实现数字化的公司仍处于领先地位，但他指出，许多传统技术和本地部署(on-premise)技术“继续正常化”。此外，调查显示，网络安全行业“本季度特别强劲”。","news_type":1,"symbols_score_info":{"MSFT":0.9}},"isVote":1,"tweetType":1,"viewCount":3308,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":141343215,"gmtCreate":1625840168237,"gmtModify":1703749648260,"author":{"id":"3573373078542650","authorId":"3573373078542650","name":"KeithHan","avatar":"https://static.tigerbbs.com/499148728d0c775136a5099e0d8769c0","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573373078542650","idStr":"3573373078542650"},"themes":[],"htmlText":"Just&nbsp;","listText":"Just&nbsp;","text":"Just","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/141343215","repostId":"2150372686","repostType":4,"repost":{"id":"2150372686","kind":"news","pubTimestamp":1625835004,"share":"https://ttm.financial/m/news/2150372686?lang=en_US&edition=fundamental","pubTime":"2021-07-09 20:50","market":"hk","language":"zh","title":"It is rumored that the regulatory authorities have met with Xu Jiayin, Evergrande staff: It is not convenient to respond","url":"https://stock-news.laohu8.com/highlight/detail?id=2150372686","media":"银柿财经","summary":"7月9日，有媒体报道《监管当局约见许家印，要求恒大尽快化解债务问题》。","content":"<p>On July 9, some media reported that \"the regulatory authorities met with Xu Jiayin and asked Evergrande to resolve the debt problem as soon as possible.\" The report pointed out that \"the Financial Stability and Development Committee of the State Council of China and<a href=\"https://laohu8.com/S/03333\">China Evergrande</a>During the meeting, the Chairman of the Board of Directors Hui Ka-yin asked him to resolve his debt difficulties quickly to avoid financial risks. \"</p><p>At the same time, according to a person familiar with the matter, about a month before this meeting with the Financial Stability Committee, regulatory agencies such as the People's Bank of China had interviewed Evergrande and urged it to speed up the sale of assets, reduce debts and repay debts in a timely manner.</p><p>A reporter from Yinshi Finance called the relevant person in charge of China Evergrande about the authenticity of the report. The staff member said: \"I don't know where the source of the news is? It's not convenient to respond.\"</p><p><img src=\"https://static.tigerbbs.com/7bd9c5f6f455ab3d41aa3e821ab0cd24\" tg-width=\"840\" tg-height=\"470\"></p>","source":"lsy1610344500291","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>It is rumored that the regulatory authorities have met with Xu Jiayin, Evergrande staff: It is not convenient to respond</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\">\nIt is rumored that the regulatory authorities have met with Xu Jiayin, Evergrande staff: It is not convenient to respond\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">银柿财经</strong><span class=\"h-time small\">2021-07-09 20:50</span>\n</p>\n</h4>\n</header>\n<article>\n<p>On July 9, some media reported that \"the regulatory authorities met with Xu Jiayin and asked Evergrande to resolve the debt problem as soon as possible.\" The report pointed out that \"the Financial Stability and Development Committee of the State Council of China and<a href=\"https://laohu8.com/S/03333\">China Evergrande</a>During the meeting, the Chairman of the Board of Directors Hui Ka-yin asked him to resolve his debt difficulties quickly to avoid financial risks. \"</p><p>At the same time, according to a person familiar with the matter, about a month before this meeting with the Financial Stability Committee, regulatory agencies such as the People's Bank of China had interviewed Evergrande and urged it to speed up the sale of assets, reduce debts and repay debts in a timely manner.</p><p>A reporter from Yinshi Finance called the relevant person in charge of China Evergrande about the authenticity of the report. The staff member said: \"I don't know where the source of the news is? It's not convenient to respond.\"</p><p><img src=\"https://static.tigerbbs.com/7bd9c5f6f455ab3d41aa3e821ab0cd24\" tg-width=\"840\" tg-height=\"470\"></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2021070920454979d0dc51&s=b\">银柿财经</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/11035f651c5c16f8f951521b8717a989","relate_stocks":{"03333":"中国恒大"},"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2021070920454979d0dc51&s=b","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2150372686","content_text":"7月9日，有媒体报道《监管当局约见许家印，要求恒大尽快化解债务问题》，该报道指出，“中国国务院金融稳定发展委员会与中国恒大董事局主席许家印会面时，要求其快化解债务困境，以免引发金融风险。“\n同时据一位知情人士称，在此次与金稳委会面前大约一个月，人行等监管机构曾约谈恒大，督促其加快出售资产、削减债务并及时偿还债务。\n银柿财经记者就该报道的真实性致电中国恒大相关负责人，该工作人员表示：“不知道消息的信源是哪里？不方便回应。”","news_type":1,"symbols_score_info":{"03333":0.9}},"isVote":1,"tweetType":1,"viewCount":3748,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":157849269,"gmtCreate":1625578917751,"gmtModify":1703744194982,"author":{"id":"3573373078542650","authorId":"3573373078542650","name":"KeithHan","avatar":"https://static.tigerbbs.com/499148728d0c775136a5099e0d8769c0","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573373078542650","idStr":"3573373078542650"},"themes":[],"htmlText":"?&nbsp;","listText":"?&nbsp;","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/157849269","repostId":"1146964848","repostType":4,"repost":{"id":"1146964848","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":1625572391,"share":"https://ttm.financial/m/news/1146964848?lang=en_US&edition=fundamental","pubTime":"2021-07-06 19:53","market":"us","language":"zh","title":"Q2 bank stock financial report preview: Can the two major benefits drive the stock price to take advantage of the momentum?","url":"https://stock-news.laohu8.com/highlight/detail?id=1146964848","media":"老虎资讯综合","summary":"7月6日消息，美股新一轮财报季即将拉开帷幕，打头阵的依然是投资者熟悉的银行股。在经济复苏和加息时间表提前两大利好之风推动下，银行股业绩能乘势而起吗？\n（其中，高盛、摩根大通、富国银行将于7月13日美股","content":"<p>According to news on July 6, a new round of earnings season for U.S. stocks is about to kick off, and bank stocks familiar to investors are still taking the lead. Driven by the two favorable winds of economic recovery and the advance of the rate hike timetable, can the performance of bank stocks take advantage of the momentum?</p><p><b><i>(Among them, Goldman Sachs, JPMorgan Chase, and Wells Fargo will release financial reports before the U.S. stock market opens on July 13, Citi will release financial reports before the U.S. stock market opens on July 14, and Morgan Stanley will release financial reports before the U.S. stock market opens on July 15.)</i></b></p><p><b>First Quarter Results Review</b></p><p><b>Overall, the performance of large bank stocks in the first quarter was relatively bright and exceeded market expectations. The main reasons lie in two aspects. First, the income from trading and investment banks has increased greatly.</b>This except<a href=\"https://laohu8.com/S/WFC\">Wells Fargo</a>In addition, the other four bank stocks are more obvious.<b>Second, the release of credit loss provisions has boosted profits,</b>Typical such as<a href=\"https://laohu8.com/S/C\">Citigroup</a>And<a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>And<a href=\"https://laohu8.com/S/WFC\">Wells Fargo</a>。</p><p><b>The best performance in the first quarter is undoubtedly<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>，</b>The main reason is that the investment banking and trading income we mentioned earlier has increased greatly. Among them, investment banking revenue was US $3.771 billion, a year-on-year increase of 73%; Global transaction revenue was US $7.58 billion, a year-on-year increase of 47%. Among them, stock sales and transactions increased by 68% year-on-year to US $3.69 billion; Fixed income, foreign exchange and commodities (FICC) revenue increased 31% year-on-year to US $3.89 billion.</p><p>although<a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a>The growth rate is not as good as Goldman Sachs, but its performance growth is also very explosive. Like Goldman Sachs, its performance growth is mainly driven by investment banking and stock trading revenue. First-quarter results showed that Morgan Stanley's revenue was US $15.72 billion, a year-on-year increase of 65%. The revenue growth mainly comes from three parts, of which investment banking business revenue was US $2.613 billion, a year-on-year increase of 128.41%; Stock trading revenue was US $1.502 billion, a year-on-year increase of 347.02%, and wealth management business revenue was US $6 billion, a year-on-year increase of 46.34%.</p><p>In contrast, the revenue growth rate of JPMorgan Chase and Wells Fargo can only be said to be quite satisfactory. Although Citigroup's revenue declined year-on-year, it also exceeded market expectations. The obvious feature of the three banks is that the performance of net profits shocked the market.<b>The main reason is the release of the credit loss provision mentioned earlier.</b></p><p>The first quarterly report shows that the revenue of JPMorgan Chase and Wells Fargo in the first quarter was US $33.1 billion and US $18.1 billion respectively, a year-on-year increase of 14% and 2% respectively, while the net profits of the two companies were US $14.3 billion and US $4.7 billion respectively, a year-on-year increase of nearly 400% and 626%. Looking at Citibank, Citigroup's revenue in the first quarter fell 7% year-on-year to US $19.3 billion, but its net profit increased by 216% year-on-year to US $7.9 billion.</p><p>The main reason for the surge in net profit of JPMorgan Chase is the release of credit loss provisions<b>$5.2 billion,</b>It accounted for 36% of net income for the quarter, while the provision for credit losses increased by $6.8 billion in the same period last year. If the boost to the company's quarterly profit from the release of loan loss provisions is deducted, the company's quarterly earnings per share will be less than $3, miss the market expectation.</p><p>Wells Fargo released about $1.6 billion in credit loss provisions, or 34% of current profits, and added about $3.1 billion in credit loss provisions in the same period last year.</p><p>It's a similar story for Citi. The decline in Citi's revenue in the first quarter was due to varying degrees of decline in global consumer banking, institutional client business and corporate and three other divisions. Among them, the most eye-catching businesses are investment banking and stock trading revenue, both of which set records. Among them, investment banking business revenue soared 46% to US $1.97 billion, and stock trading revenue increased 26% year-on-year to US $1.48 billion. It is also the fastest growing business within Citi year-on-year.</p><p>The'secret weapon 'for the overall decline in revenue, but the substantial increase in net profit is also the provision for credit losses. The financial report shows that in the first quarter, Citi's provision for credit losses released US $3.85 billion, accounting for 49% of the current profit. In the same period last year, new credit losses were added. The provision for losses was approximately US $4.9 billion.</p><p><b>What factors deserve attention in the second quarter</b></p><p><b>1. Can the high growth of investment banking and trading income continue?</b></p><p>As analyzed earlier, one of the reasons for the surge in bank performance in the first quarter was the surge in investment banking and trading income. Will this factor fall back in the second quarter?</p><p>First, let's look at the investment banking business. Market analysts believe that the market swept the US stock market in the first quarter<b>SPAC</b>Inspur is the main factor boosting the investment banking business. Considering the recent changes in the regulatory environment, this strong performance will be difficult to continue in the second quarter.</p><p>Secondly, trading income. Recently, JPMorgan Chase CEO Jamie Dimon and Morgan Stanley CEO James Gorman said that trading revenue will eventually slow down after experiencing extremely strong growth.</p><p><b>2. The inflation data is off the charts. Will the Fed's accelerated tightening of liquidity drive a substantial increase in the performance of bank stocks?</b></p><p>Among bank stocks, JPMorgan Chase, Wells Fargo and Citigroup account for a certain proportion of interest-related revenue, so they are relatively sensitive to interest rates. In the first quarter, the interest income of all three banks decreased. Among them, JPMorgan Chase's interest income fell 11% year-on-year to US $13 billion, accounting for 39% of total revenue; Wells Fargo's interest income fell 22% year-on-year to $8.8 billion, accounting for 49% of total revenue. Citigroup's interest-related revenue in the first quarter was US $7.52 billion, accounting for 40% of total revenue. The main reason for the decline in income is that the Federal Reserve has maintained monetary easing and interest rates have remained at low levels for a long time.</p><p>As the economy gradually recovers, inflation data continues to rise. Rising inflation has triggered rate hike expectations, and widening interest rate spreads will improve bank profitability. As inflation continues to rise, the degree of monetary policy easing will gradually converge, and the ten-year Treasury Bond interest rate will increase. At present, the PPI in January has turned from negative to positive year-on-year, the ten-year Treasury Bond interest rate continues to rise, the rate hike is expected to increase, and the possibility of subsequent expansion of bank interest rate spreads is increasing. It is expected that bank profitability will increase in 2021.</p><p><b>3. Is there still room for release of credit loss provisions?</b></p><p>Another question that needs to be concerned about in the second quarter is whether there is room for bank credit loss provisions to be released? Let's take Citigroup as an example for your reference. Citigroup significantly increased its credit loss provision in the first and second quarters of 2020. Among them, it increased by US $4.9 billion in the first quarter and US $5.6 billion in the second quarter, for a total increase of US $10.5 billion. In the third quarter, it basically returned to normal and added US $300 million in credit loss provision.</p><p>Since the fourth quarter, with the economic recovery, banks have returned to optimism about the repayment ability of enterprises, and released credit loss provisions for two consecutive quarters (the released credit loss provisions can be understood as a direct increase in bank net profits). Among them, about 1.5 billion were released in the first quarter, about 3.9 billion US dollars were released in the second quarter, and about 5.4 billion US dollars were released for two consecutive quarters. There is still some room for release compared with the previous increase of 10.5 billion US dollars.</p><p>Looking at it from another angle, Citi's credit loss reserve was $21.6 billion at the end of the first quarter, accounting for 3.29% of total loans, and $20.4 billion at the end of the previous year, accounting for 2.84% of total loans. It can also be speculated that Citi's credit loss provision still has room for adjustment, but considering that the repayment ability of enterprises may be affected after the epidemic, this ratio may not be able to return to before the epidemic in the short term.</p><p><b>What needs to be noted is that credit loss provision is just a financial game, and its short-term boost to profits does not represent an improvement in bank profitability.</b></p><p>In addition to the impact of fundamentals,<b>Bank stocks recently passed the minimum risk level test set by the Federal Reserve, and the Federal Reserve's temporary restrictions on their Dividend payments and stock repurchases also expired on June 30.</b>It is not ruled out that this positive and financial performance are superimposed, which will bring a wave of market prices to bank stocks.</p><p>In the long run, the core investment logic of bank stocks is still macroeconomics. Optimistic as the Federal Reserve, it is expected that the U.S. economy will grow by 7% this year. The Federal Reserve's Beige Book survey report in early June pointed out that from early April to late May, the U.S. national economy expanded at a moderate rate, with the growth rate slightly higher than the previous reporting period. Employment population growth has been relatively steady, with food services, hospitality and retail seeing the strongest job growth as the spread of Novel Coronavirus continues to slow. Data show that consumer confidence in the United States rose to the highest level since the outbreak of novel coronavirus pneumonia more than a year ago in June. This raised expectations for strong economic growth in the second quarter.</p><p>However, the latest article written by Caijing magazine pointed out that the current economic recovery momentum in the United States is very strong, but a considerable part of the momentum comes from radical fiscal and monetary policies. The improvement of the epidemic has brought about a strong rebound in consumption, but there is still a significant gap from the level before the epidemic. The sustainability of U.S. consumption growth will be tested as the pull of fiscal stimulus and the restart of business finally subsides, and the prospect of rate hike becomes clearer.</p><p><a href=\"https://laohu8.com/S/03329\">BOCOM International</a>Chief economist Hong Hao said in an interview with China Business News recently,<b>The United States is undergoing the double test of inflation and economic shifting gears.</b>From the perspective of funds, even though the Federal Reserve is still maintaining a loose policy, it is tightening on the margin.<b>Whether Treasury Bond yields go up or down, it indicates a risky event in the second half of the year.</b>Going up may mean that inflation is not well controlled, and going down may mean that the economy has shifted gears much worse than everyone expected.</p><p><b>What does Bloomberg think of the performance of bank stocks in the second quarter?</b></p><p><ul><li><b>Goldman Sachs:</b>In the second quarter, Goldman Sachs' revenue was US $12.044 billion, adjusted net profit was US $3.342 billion, and adjusted earnings per share were US $9.49.</li><li><b>Morgan Stanley:</b>In the second quarter, Morgan Stanley's revenue was US $14.056 billion, adjusted net profit was US $3.061 billion, and adjusted earnings per share were US $1.64.</li><li><b>JPMorgan Chase:</b>In the second quarter, JPMorgan Chase's revenue was US $30.014 billion, adjusted net profit was US $9.330 billion, and adjusted earnings per share were US $3.03.</li><li><b>Wells Fargo:</b>In the second quarter, Wells Fargo's revenue was US $17.807 billion, adjusted net profit was US $3.847 billion, and adjusted earnings per share were US $0.93.</li><li><b>Citi:</b>Bloomberg unanimously expects that Citigroup's revenue in the second quarter will be US $17.568 billion, adjusted net profit will be US $4.197 billion, and adjusted earnings per share will be US $2.01.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8ea8ff3198bf54d8306edaaafd4de597\" tg-width=\"1918\" tg-height=\"702\" referrerpolicy=\"no-referrer\"><span>Goldman Sachs</span></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/da08201c088bfc76f2e125cb40688f99\" tg-width=\"1918\" tg-height=\"702\" referrerpolicy=\"no-referrer\"><span>Morgan Stanley</span></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d75855beae9bd8dc28a09d9c146c6c79\" tg-width=\"1918\" tg-height=\"702\" referrerpolicy=\"no-referrer\"><span>JPMorgan Chase</span></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a42ae14bb976481d57ddde2b7adabb61\" tg-width=\"1918\" tg-height=\"702\" referrerpolicy=\"no-referrer\"><span>Wells Fargo</span></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/62f32d60cd04a0250b7605cda9ec35c2\" tg-width=\"1918\" tg-height=\"702\" referrerpolicy=\"no-referrer\"><span>Citigroup</span></p><p><b>Attachment: Details of bank stock performance in the first quarter</b></p><p><ul><li><b>Goldman Sachs:</b>Goldman Sachs' net revenue in the first quarter was US $17.7 billion, a record high, an increase of 102% compared with US $8.74 billion in the same period last year, much higher than the market estimate of US $12.55 billion. In the first quarter, the net profit of ordinary shareholders of Goldman Sachs reached US $6.711 billion, with earnings per share of US $18.60, a year-on-year increase of 498%.</li><li><b>Morgan Stanley:</b>Morgan Stanley's net income in the first quarter was US $15.72 billion, a year-on-year increase of 65%, higher than Bloomberg's forecast of US $13.954 billion; Net profit was US $4.12 billion, a sharp increase of 142.6% year-on-year, exceeding Bloomberg's expectation of US $4.04 billion; Earnings per share were $2.19, exceeding market expectations of $1.68 and $1.01 in the same period last year.</li><li><b>JPMorgan Chase:</b>JPMorgan Chase's revenue in the first quarter of 2021 was US $33.12 billion, a year-on-year increase of 14%, and it is expected to be US $30.52 billion; Net profit was US $14.3 billion, a year-on-year increase of 399% and a month-on-month increase of 18%; Earnings per share were US $4.5, compared with market expectations for a profit of US $3.06, and US $0.78 in the same period last year.<b>If the boost to the company's quarterly profit from the release of loan loss provisions is deducted, the company's quarterly earnings per share will be less than $3, miss the market expectation.</b></li><li><b>Wells Fargo</b>: Wells Fargo's revenue in the first quarter of 2021 was US $18.063 billion, compared with US $17.717 billion in the same period last year, and market expectations were US $17.524 billion; Net profit was US $4.742 billion, compared with US $653 million in the same period last year, far exceeding Bloomberg's expectation of US $2.943 billion; Diluted earnings per share is 1 cent, which already includes reserves and securities business losses established by-$0.73/share affected by market and economic conditions, and also includes the impact of-$0.06/share redemption of Class K preferred shares.</li><li><b>Citi:</b>Citi's revenue in the first quarter was US $19.3 billion, a year-on-year decrease of 7%, but better than market expectations of US $18.8 billion; Net profit in the first quarter was US $7.9 billion, compared with US $2.5 billion in the same period last year; Earnings per share were $3.62, a year-on-year increase of 242%, and better than analysts' expectations of $2.60.</li></ul></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>Q2 bank stock financial report preview: Can the two major benefits drive the stock price to take advantage of the momentum?</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\">\nQ2 bank stock financial report preview: Can the two major benefits drive the stock price to take advantage of the momentum?\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-07-06 19:53</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>According to news on July 6, a new round of earnings season for U.S. stocks is about to kick off, and bank stocks familiar to investors are still taking the lead. Driven by the two favorable winds of economic recovery and the advance of the rate hike timetable, can the performance of bank stocks take advantage of the momentum?</p><p><b><i>(Among them, Goldman Sachs, JPMorgan Chase, and Wells Fargo will release financial reports before the U.S. stock market opens on July 13, Citi will release financial reports before the U.S. stock market opens on July 14, and Morgan Stanley will release financial reports before the U.S. stock market opens on July 15.)</i></b></p><p><b>First Quarter Results Review</b></p><p><b>Overall, the performance of large bank stocks in the first quarter was relatively bright and exceeded market expectations. The main reasons lie in two aspects. First, the income from trading and investment banks has increased greatly.</b>This except<a href=\"https://laohu8.com/S/WFC\">Wells Fargo</a>In addition, the other four bank stocks are more obvious.<b>Second, the release of credit loss provisions has boosted profits,</b>Typical such as<a href=\"https://laohu8.com/S/C\">Citigroup</a>And<a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>And<a href=\"https://laohu8.com/S/WFC\">Wells Fargo</a>。</p><p><b>The best performance in the first quarter is undoubtedly<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>，</b>The main reason is that the investment banking and trading income we mentioned earlier has increased greatly. Among them, investment banking revenue was US $3.771 billion, a year-on-year increase of 73%; Global transaction revenue was US $7.58 billion, a year-on-year increase of 47%. Among them, stock sales and transactions increased by 68% year-on-year to US $3.69 billion; Fixed income, foreign exchange and commodities (FICC) revenue increased 31% year-on-year to US $3.89 billion.</p><p>although<a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a>The growth rate is not as good as Goldman Sachs, but its performance growth is also very explosive. Like Goldman Sachs, its performance growth is mainly driven by investment banking and stock trading revenue. First-quarter results showed that Morgan Stanley's revenue was US $15.72 billion, a year-on-year increase of 65%. The revenue growth mainly comes from three parts, of which investment banking business revenue was US $2.613 billion, a year-on-year increase of 128.41%; Stock trading revenue was US $1.502 billion, a year-on-year increase of 347.02%, and wealth management business revenue was US $6 billion, a year-on-year increase of 46.34%.</p><p>In contrast, the revenue growth rate of JPMorgan Chase and Wells Fargo can only be said to be quite satisfactory. Although Citigroup's revenue declined year-on-year, it also exceeded market expectations. The obvious feature of the three banks is that the performance of net profits shocked the market.<b>The main reason is the release of the credit loss provision mentioned earlier.</b></p><p>The first quarterly report shows that the revenue of JPMorgan Chase and Wells Fargo in the first quarter was US $33.1 billion and US $18.1 billion respectively, a year-on-year increase of 14% and 2% respectively, while the net profits of the two companies were US $14.3 billion and US $4.7 billion respectively, a year-on-year increase of nearly 400% and 626%. Looking at Citibank, Citigroup's revenue in the first quarter fell 7% year-on-year to US $19.3 billion, but its net profit increased by 216% year-on-year to US $7.9 billion.</p><p>The main reason for the surge in net profit of JPMorgan Chase is the release of credit loss provisions<b>$5.2 billion,</b>It accounted for 36% of net income for the quarter, while the provision for credit losses increased by $6.8 billion in the same period last year. If the boost to the company's quarterly profit from the release of loan loss provisions is deducted, the company's quarterly earnings per share will be less than $3, miss the market expectation.</p><p>Wells Fargo released about $1.6 billion in credit loss provisions, or 34% of current profits, and added about $3.1 billion in credit loss provisions in the same period last year.</p><p>It's a similar story for Citi. The decline in Citi's revenue in the first quarter was due to varying degrees of decline in global consumer banking, institutional client business and corporate and three other divisions. Among them, the most eye-catching businesses are investment banking and stock trading revenue, both of which set records. Among them, investment banking business revenue soared 46% to US $1.97 billion, and stock trading revenue increased 26% year-on-year to US $1.48 billion. It is also the fastest growing business within Citi year-on-year.</p><p>The'secret weapon 'for the overall decline in revenue, but the substantial increase in net profit is also the provision for credit losses. The financial report shows that in the first quarter, Citi's provision for credit losses released US $3.85 billion, accounting for 49% of the current profit. In the same period last year, new credit losses were added. The provision for losses was approximately US $4.9 billion.</p><p><b>What factors deserve attention in the second quarter</b></p><p><b>1. Can the high growth of investment banking and trading income continue?</b></p><p>As analyzed earlier, one of the reasons for the surge in bank performance in the first quarter was the surge in investment banking and trading income. Will this factor fall back in the second quarter?</p><p>First, let's look at the investment banking business. Market analysts believe that the market swept the US stock market in the first quarter<b>SPAC</b>Inspur is the main factor boosting the investment banking business. Considering the recent changes in the regulatory environment, this strong performance will be difficult to continue in the second quarter.</p><p>Secondly, trading income. Recently, JPMorgan Chase CEO Jamie Dimon and Morgan Stanley CEO James Gorman said that trading revenue will eventually slow down after experiencing extremely strong growth.</p><p><b>2. The inflation data is off the charts. Will the Fed's accelerated tightening of liquidity drive a substantial increase in the performance of bank stocks?</b></p><p>Among bank stocks, JPMorgan Chase, Wells Fargo and Citigroup account for a certain proportion of interest-related revenue, so they are relatively sensitive to interest rates. In the first quarter, the interest income of all three banks decreased. Among them, JPMorgan Chase's interest income fell 11% year-on-year to US $13 billion, accounting for 39% of total revenue; Wells Fargo's interest income fell 22% year-on-year to $8.8 billion, accounting for 49% of total revenue. Citigroup's interest-related revenue in the first quarter was US $7.52 billion, accounting for 40% of total revenue. The main reason for the decline in income is that the Federal Reserve has maintained monetary easing and interest rates have remained at low levels for a long time.</p><p>As the economy gradually recovers, inflation data continues to rise. Rising inflation has triggered rate hike expectations, and widening interest rate spreads will improve bank profitability. As inflation continues to rise, the degree of monetary policy easing will gradually converge, and the ten-year Treasury Bond interest rate will increase. At present, the PPI in January has turned from negative to positive year-on-year, the ten-year Treasury Bond interest rate continues to rise, the rate hike is expected to increase, and the possibility of subsequent expansion of bank interest rate spreads is increasing. It is expected that bank profitability will increase in 2021.</p><p><b>3. Is there still room for release of credit loss provisions?</b></p><p>Another question that needs to be concerned about in the second quarter is whether there is room for bank credit loss provisions to be released? Let's take Citigroup as an example for your reference. Citigroup significantly increased its credit loss provision in the first and second quarters of 2020. Among them, it increased by US $4.9 billion in the first quarter and US $5.6 billion in the second quarter, for a total increase of US $10.5 billion. In the third quarter, it basically returned to normal and added US $300 million in credit loss provision.</p><p>Since the fourth quarter, with the economic recovery, banks have returned to optimism about the repayment ability of enterprises, and released credit loss provisions for two consecutive quarters (the released credit loss provisions can be understood as a direct increase in bank net profits). Among them, about 1.5 billion were released in the first quarter, about 3.9 billion US dollars were released in the second quarter, and about 5.4 billion US dollars were released for two consecutive quarters. There is still some room for release compared with the previous increase of 10.5 billion US dollars.</p><p>Looking at it from another angle, Citi's credit loss reserve was $21.6 billion at the end of the first quarter, accounting for 3.29% of total loans, and $20.4 billion at the end of the previous year, accounting for 2.84% of total loans. It can also be speculated that Citi's credit loss provision still has room for adjustment, but considering that the repayment ability of enterprises may be affected after the epidemic, this ratio may not be able to return to before the epidemic in the short term.</p><p><b>What needs to be noted is that credit loss provision is just a financial game, and its short-term boost to profits does not represent an improvement in bank profitability.</b></p><p>In addition to the impact of fundamentals,<b>Bank stocks recently passed the minimum risk level test set by the Federal Reserve, and the Federal Reserve's temporary restrictions on their Dividend payments and stock repurchases also expired on June 30.</b>It is not ruled out that this positive and financial performance are superimposed, which will bring a wave of market prices to bank stocks.</p><p>In the long run, the core investment logic of bank stocks is still macroeconomics. Optimistic as the Federal Reserve, it is expected that the U.S. economy will grow by 7% this year. The Federal Reserve's Beige Book survey report in early June pointed out that from early April to late May, the U.S. national economy expanded at a moderate rate, with the growth rate slightly higher than the previous reporting period. Employment population growth has been relatively steady, with food services, hospitality and retail seeing the strongest job growth as the spread of Novel Coronavirus continues to slow. Data show that consumer confidence in the United States rose to the highest level since the outbreak of novel coronavirus pneumonia more than a year ago in June. This raised expectations for strong economic growth in the second quarter.</p><p>However, the latest article written by Caijing magazine pointed out that the current economic recovery momentum in the United States is very strong, but a considerable part of the momentum comes from radical fiscal and monetary policies. The improvement of the epidemic has brought about a strong rebound in consumption, but there is still a significant gap from the level before the epidemic. The sustainability of U.S. consumption growth will be tested as the pull of fiscal stimulus and the restart of business finally subsides, and the prospect of rate hike becomes clearer.</p><p><a href=\"https://laohu8.com/S/03329\">BOCOM International</a>Chief economist Hong Hao said in an interview with China Business News recently,<b>The United States is undergoing the double test of inflation and economic shifting gears.</b>From the perspective of funds, even though the Federal Reserve is still maintaining a loose policy, it is tightening on the margin.<b>Whether Treasury Bond yields go up or down, it indicates a risky event in the second half of the year.</b>Going up may mean that inflation is not well controlled, and going down may mean that the economy has shifted gears much worse than everyone expected.</p><p><b>What does Bloomberg think of the performance of bank stocks in the second quarter?</b></p><p><ul><li><b>Goldman Sachs:</b>In the second quarter, Goldman Sachs' revenue was US $12.044 billion, adjusted net profit was US $3.342 billion, and adjusted earnings per share were US $9.49.</li><li><b>Morgan Stanley:</b>In the second quarter, Morgan Stanley's revenue was US $14.056 billion, adjusted net profit was US $3.061 billion, and adjusted earnings per share were US $1.64.</li><li><b>JPMorgan Chase:</b>In the second quarter, JPMorgan Chase's revenue was US $30.014 billion, adjusted net profit was US $9.330 billion, and adjusted earnings per share were US $3.03.</li><li><b>Wells Fargo:</b>In the second quarter, Wells Fargo's revenue was US $17.807 billion, adjusted net profit was US $3.847 billion, and adjusted earnings per share were US $0.93.</li><li><b>Citi:</b>Bloomberg unanimously expects that Citigroup's revenue in the second quarter will be US $17.568 billion, adjusted net profit will be US $4.197 billion, and adjusted earnings per share will be US $2.01.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8ea8ff3198bf54d8306edaaafd4de597\" tg-width=\"1918\" tg-height=\"702\" referrerpolicy=\"no-referrer\"><span>Goldman Sachs</span></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/da08201c088bfc76f2e125cb40688f99\" tg-width=\"1918\" tg-height=\"702\" referrerpolicy=\"no-referrer\"><span>Morgan Stanley</span></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d75855beae9bd8dc28a09d9c146c6c79\" tg-width=\"1918\" tg-height=\"702\" referrerpolicy=\"no-referrer\"><span>JPMorgan Chase</span></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a42ae14bb976481d57ddde2b7adabb61\" tg-width=\"1918\" tg-height=\"702\" referrerpolicy=\"no-referrer\"><span>Wells Fargo</span></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/62f32d60cd04a0250b7605cda9ec35c2\" tg-width=\"1918\" tg-height=\"702\" referrerpolicy=\"no-referrer\"><span>Citigroup</span></p><p><b>Attachment: Details of bank stock performance in the first quarter</b></p><p><ul><li><b>Goldman Sachs:</b>Goldman Sachs' net revenue in the first quarter was US $17.7 billion, a record high, an increase of 102% compared with US $8.74 billion in the same period last year, much higher than the market estimate of US $12.55 billion. In the first quarter, the net profit of ordinary shareholders of Goldman Sachs reached US $6.711 billion, with earnings per share of US $18.60, a year-on-year increase of 498%.</li><li><b>Morgan Stanley:</b>Morgan Stanley's net income in the first quarter was US $15.72 billion, a year-on-year increase of 65%, higher than Bloomberg's forecast of US $13.954 billion; Net profit was US $4.12 billion, a sharp increase of 142.6% year-on-year, exceeding Bloomberg's expectation of US $4.04 billion; Earnings per share were $2.19, exceeding market expectations of $1.68 and $1.01 in the same period last year.</li><li><b>JPMorgan Chase:</b>JPMorgan Chase's revenue in the first quarter of 2021 was US $33.12 billion, a year-on-year increase of 14%, and it is expected to be US $30.52 billion; Net profit was US $14.3 billion, a year-on-year increase of 399% and a month-on-month increase of 18%; Earnings per share were US $4.5, compared with market expectations for a profit of US $3.06, and US $0.78 in the same period last year.<b>If the boost to the company's quarterly profit from the release of loan loss provisions is deducted, the company's quarterly earnings per share will be less than $3, miss the market expectation.</b></li><li><b>Wells Fargo</b>: Wells Fargo's revenue in the first quarter of 2021 was US $18.063 billion, compared with US $17.717 billion in the same period last year, and market expectations were US $17.524 billion; Net profit was US $4.742 billion, compared with US $653 million in the same period last year, far exceeding Bloomberg's expectation of US $2.943 billion; Diluted earnings per share is 1 cent, which already includes reserves and securities business losses established by-$0.73/share affected by market and economic conditions, and also includes the impact of-$0.06/share redemption of Class K preferred shares.</li><li><b>Citi:</b>Citi's revenue in the first quarter was US $19.3 billion, a year-on-year decrease of 7%, but better than market expectations of US $18.8 billion; Net profit in the first quarter was US $7.9 billion, compared with US $2.5 billion in the same period last year; Earnings per share were $3.62, a year-on-year increase of 242%, and better than analysts' expectations of $2.60.</li></ul></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/69af882c29a3ff047224139fe1096d17","relate_stocks":{"GS":"高盛","MS":"摩根士丹利","C":"花旗","JPM":"摩根大通","WFC":"富国银行"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1146964848","content_text":"7月6日消息，美股新一轮财报季即将拉开帷幕，打头阵的依然是投资者熟悉的银行股。在经济复苏和加息时间表提前两大利好之风推动下，银行股业绩能乘势而起吗？\n（其中，高盛、摩根大通、富国银行将于7月13日美股盘前发布财报，花旗将于7月14日美股盘前发布财报，摩根士丹利将于7月15日美股盘前发布财报。）\n一季度业绩回顾\n总体来看，一季度大型银行股业绩表现均比较亮眼，且超出市场预期。主要原因在于两个方面，其一，交易和投行收入大增，这点除富国银行外，其他四家银行股都比较明显。其二，信贷损失拨备释放对利润的提振，典型的如花旗和摩根大通和富国银行 。\n一季度业绩表现最好的当属高盛，主要原因是前面我们提到过的投行和交易收入大增。其中，投行营收37.71亿美元，同比增长73%；全球交易收入75.8亿美元，同比增长47%。其中，股票销售和交易同比大增68%至36.9亿美元；而固收、外汇和大宗商品类（FICC）营收同比增长31%至38.9亿美元。\n虽然摩根士丹利增速不及高盛，但其业绩增长也呈很强的爆发性。与高盛相同的是，其业绩增长也主要由投行和股票交易收入驱动。一季度业绩显示，摩根士丹利营收157.2亿美元，同比增长65%。营收增长的主要来源于三部分，其中投行业务营收26.13亿美元，同比增长128.41%；股票交易收入15.02亿美元，同比增长347.02%，还有就是财富管理业务营收60亿美元，同比增加46.34%。\n相比之下，摩根大通和富国银行的营收增速只能说是中规中矩，虽然花旗营收同比出现下滑，但也超出了市场的预期。三家银行很明显的特征是，净利润的表现令市场大为震惊，主要原因，就是此前提到的信贷损失拨备的释放。\n一季报显示，摩根大通和富国银行一季度营收分别为331亿和181亿美元，同比分别增长14%和2%，而两家公司的净利润分别为143亿美元和47亿美元，同比分别大涨近400%和626%。再来看花旗银行，花旗一季度营收同比下滑7%至193亿美元，但净利润同比增长216%至79亿美元。\n摩根大通净利润大增的主要原因是信贷损失拨备释放了52亿美元，占当季度净利润的36%，而去年同期信贷损失拨备增加了68亿美元。如果扣除贷款损失准备金释放对公司季度利润的提振，公司季度每股盈利将低于3美元，不及市场预期。\n富国银行释放了约16亿美元的信贷损失准备，占当期利润的34%，去年同期新增约31亿美元的信贷损失准备。\n花旗的情况也类似。花旗一季度营收下滑的原因是全球消费者银行、机构客户业务和企业及其他三个部门均出现不同程度的下滑。其中，表现最亮眼的业务是投行和股票交易营收，二者均创记录。其中，投行业务收入猛增46%至19.7亿美元，股票交易收入同比增长26%至14.8亿美元。也是花旗内部同比增速最快的业务。\n营收整体下滑，净利润却实现大幅增长的‘秘密武器’也是信贷损失拨备，财报显示，一季度花旗信贷损失拨备释放了38.5亿美元，占当期利润的49%，去年同期新增信贷损失拨备约49亿美元。\n二季度哪些因素值得关注\n1、投行和交易收入高增长能否继续？\n如前分析，一季度银行业绩大增的一个原因是投行和交易收入的大增，这个因素在二季度会回落吗？\n首先来看下投行业务。市场分析认为，一季度席卷美股的SPAC浪潮是提振投行业务的主要因素，考虑到最近监管环境的变化，这部分强劲表现将很难在二季度延续。\n其次是交易收入。近日，摩根大通CEO杰米·戴蒙和摩根士丹利CEO詹姆斯·戈尔曼表示，交易收入在经历了极其强劲的增长后最终会放缓。\n2、通胀数据爆表，美联储加速收紧流动性会否带动银行股业绩大幅增长？\n银行股中，摩根大通、富国银行和花旗利息相关的营收占比达到一定规模，因此对利率也相对敏感。一季度，三家银行的利息收入都是减少的。其中，摩根大通利息收入同比下滑11%至130亿美元，占总营收的39%；富国银行利息收入同比下滑22%至88亿美元，占总营收的49%。花旗一季度利息相关的收入为75.2亿美元，占总营收的40%。收入下滑的主要原因是，美联储维持货币宽松，利率长期处于较低水平。\n随着经济逐渐恢复，通胀数据连续走高。通胀上行引发加息预期，息差扩大将会提升银行盈利能力。在通胀持续走高阶段，货币政策宽松程度将会逐渐收敛，同时十年期国债利率水平将会提高。目前1月PPI同比由负转正，十年期国债利率持续提升，加息预期有所提升，后续银行息差走扩的可能性正在增强，预计2021年银行盈利能力将会提升。\n3、信贷损失拨备是否还有释放空间？\n二季度需要关心的另一个问题是，银行信贷损失拨备是否还有释放空间？我们以花旗为例给大家做参考。花旗大幅调高信贷损失拨备是在2020年的一季度和二季度，其中，一季度增加了49亿美元，二季度增加56亿美元，共计增加105亿美元。三季度基本回归常态新增3亿美元的信贷损失拨备。\n从四季度开始，随着经济复苏，银行对企业还款能力重回乐观，连续两个季度释放信贷损失拨备（释放的信贷损失拨备可以理解为直接增加银行净利润），其中，一季度释放约15亿，二季度释放约39亿美元，连续两个季度释放约54亿美元，较此前新增的105亿美元仍有一定的释放空间。\n换一个角度看，花旗的信贷损失准备金在一季度末为 216亿美元，占贷款总额的 3.29%，上年末为 204亿美元，占贷款总额的 2.84%。也可以推测，花旗信贷损失拨备仍有调整空间，但考虑到疫情之后企业还款能力可能受到影响，短期内这一比例并不一定能恢复至疫情之前。\n需要看到的是，信贷损失拨备不过只是财务游戏，其短期对利润的提振并不能代表银行盈利能力的改观。\n除了基本面的影响，银行股近日通过了美联储设定的最低风险水平测试，美联储对其支付股息和回购股票的临时限制也在6月30日到期。不排除这一利好和财报业绩叠加，给银行股带来一波行情。\n长期看，银行股核心投资逻辑还是宏观经济。乐观如美联储，预计今年美国经济将增长7%。美联储6月初的褐皮书调查报告指出，从4月初到5月下旬，美国国民经济以温和的速度扩张，增速略高于前一个报告期。就业人口增幅相对稳定，随着新冠病毒传播继续放缓，食品服务业、酒店业和零售业的就业增长最为强劲。有数据显示，美国6月消费者信心上升至一年多前新冠肺炎疫情暴发以来的最高水平。这提高了人们对二季度经济强劲增长的预期。\n不过，《财经》杂志最新撰文指出，当前美国的经济复苏势头很强劲，但动力中相当一部分来自激进的财政货币政策。疫情改善带来一轮强烈消费反弹，但是距离疫情前的水平仍有明显差距。随着财政刺激和企业重新开工对消费的拉动最终消退，以及加息前景越来越明确化，美国消费增长的可持续性将会面临考验。\n交银国际首席经济学家洪灏近日在接受第一财经采访时表示，美国正在经受通胀和经济换挡的双重考验。从资金面看，美联储即便还在保持宽松的政策，但是边际来说是在收紧。无论国债收益率向上走还是向下走，都预示着下半年有一个风险事件。往上走可能意味着通胀没有控制好，往下走可能意味着经济换挡比大家预期要糟糕的多。\n彭博社怎么看二季度银行股业绩表现？\n\n高盛：二季度高盛营收120.44亿美元，调整后净利润33.42亿美元，调整后每股收益9.49美元。\n摩根士丹利：二季度摩根士丹利营收140.56亿美元，调整后净利润30.61亿美元，调整后每股收益1.64美元。\n摩根大通：二季度摩根大通营收300.14亿美元，调整后净利润93.30亿美元，调整后每股收益3.03美元。\n富国银行：二季度富国银行营收178.07亿美元，调整后净利润38.47亿美元，调整后每股收益0.93美元。\n花旗：彭博社一致预期，二季度花旗营收175.68亿美元，调整后净利润41.97亿美元，调整后每股收益2.01美元。\n\n高盛\n \n摩根士丹利\n摩根大通\n富国银行\n花旗\n附：一季度银行股业绩明细\n\n高盛：高盛第一季度净营收177亿美元，创历史新高，和去年同期的87.4亿美元相比，涨幅达102%，远高于市场预估的125.5亿美元。第一季度，高盛普通股股东净利润达到67.11亿美元，每股收益18.60美元，同比大增498%。\n摩根士丹利：摩根士丹利第一季度净收入157.2亿美元，同比增长65%，高于彭博社预期的139.54亿美元；净利润为41.2亿美元，同比狂增142.6%，超出彭博社预期的40.4亿美元；每股收益2.19美元，超出市场预期的1.68美元，上年同期1.01美元。\n摩根大通：摩根大通2021年第一季度营收331.2亿美元，同比增长14%，预期为305.2亿美元；净利润143亿美元，同比增长399%，环比增长18%；每股盈利4.5美元，市场预期盈利3.06美元，去年同期0.78美元。如果扣除贷款损失准备金释放对公司季度利润的提振，公司季度每股盈利将低于3美元，不及市场预期。\n富国银行：富国银行2021年一季度营收180.63亿美元，去年同期177.17亿美元，市场预期为175.24亿美元；净利润47.42亿美元，去年同期6.53亿美元，远超彭博社预期的29.43亿美元；稀释后每股收益为1美分，其中已经包含了-0.73美元/股受到市场和经济状况影响建立的准备金与证券业务亏损，此外还包括了-0.06美元/股赎回K类优先股的影响。\n花旗：花旗一季度营收193亿美元，同比下降7%，但好于市场预期的188亿美元；一季度净利润79亿美元，去年同期为25亿美元；每股收益3.62美元，同比大增242%，且好于分析师预期的2.60美元。","news_type":1,"symbols_score_info":{"JPM":0.9,"GS":0.9,"C":0.9,"WFC":0.9,"MS":0.9}},"isVote":1,"tweetType":1,"viewCount":2919,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":127743301,"gmtCreate":1624871175603,"gmtModify":1703846679674,"author":{"id":"3573373078542650","authorId":"3573373078542650","name":"KeithHan","avatar":"https://static.tigerbbs.com/499148728d0c775136a5099e0d8769c0","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573373078542650","idStr":"3573373078542650"},"themes":[],"htmlText":"? ? ? ?","listText":"? ? ? ?","text":"? ? ? ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/127743301","repostId":"2146881622","repostType":4,"repost":{"id":"2146881622","kind":"news","pubTimestamp":1624870410,"share":"https://ttm.financial/m/news/2146881622?lang=en_US&edition=fundamental","pubTime":"2021-06-28 16:53","market":"us","language":"zh","title":"Is it going to be eliminated by the times? The world's most powerful company suffered a huge loss of US $22.4 billion","url":"https://stock-news.laohu8.com/highlight/detail?id=2146881622","media":" 正解局","summary":"2005年，美国有3家石化企业跻身前十强；2020年，全部出局。正解局原创\n14年前左右，全球最牛的公司是埃克森美孚。\n这家石油公司，2006年营业收入高居全球第一，2007年市值又高居全球第一，风头","content":"<p>In 2005, three petrochemical companies in the United States ranked among the top ten; In 2020, all out. Original solution</p><p>About 14 years ago, the best company in the world was<a href=\"https://laohu8.com/S/XOM\">ExxonMobil</a>。</p><p>This oil company's operating income ranked first in the world in 2006, and its market value ranked first in the world in 2007. It was in the limelight for a while.</p><p>Today, ExxonMobil's market value has shrunk by half, and its operating income in 2020 will lose US $22.4 billion.</p><p>What has ExxonMobil done wrong in just over a decade?</p><p>Petrochemical companies, are life really hard?</p><p><img src=\"https://static.tigerbbs.com/1ffefa502a3b3b7343aa17156a17e8d6\" tg-width=\"660\" tg-height=\"176\" referrerpolicy=\"no-referrer\">ExxonMobil, from a well-known family.</p><p>Its predecessor was the famous Standard Oil Company founded by Rockefeller.</p><p>The largest crude oil producer in the United States monopolizes 95% of the refining capacity, 90% of the oil transportation capacity and 25% of the crude oil production in the United States.</p><p>The strength of monopoly is unprecedented in American history, and it is unprecedented.</p><p>Because it was too powerful, in 1911, the Standard Oil Empire was split into about 37 regional oil companies.</p><p>Among them, the largest one is Exxon (Standard Oil of New Jersey).</p><p>The general trend of the world is that if we unite for a long time, we will divide it, and if we divide for a long time, we will unite it.</p><p>In 1999, Exxon Oil (Standard Oil of New Jersey) and Mobil Oil merged to form ExxonMobil Corporation, which transformed itself into the world's largest oil company.</p><p>A Big Mac is a Big Mac. The second year after the merger, ExxonMobil was on the Fortune Global 500 list, ranking third.</p><p><img src=\"https://static.tigerbbs.com/de976cf6d27f46cb0cf233283bc0397d\" tg-width=\"435\" tg-height=\"539\" referrerpolicy=\"no-referrer\">Top Ten of the World's Fortune 500 List in 2000</p><p>Since then, ExxonMobil has been among the top five in the world 500 list all year round. In 2006, it ranked first in the world in one fell swoop.<img src=\"https://static.tigerbbs.com/a05d48e79c0f57ea523f43697f69fdfa\" tg-width=\"660\" tg-height=\"665\" referrerpolicy=\"no-referrer\">Top Ten of the World's Fortune 500 in 2006</p><p>2007 was also the highlight moment for ExxonMobil, with its market value ranking first in the world, reaching US $525 billion at its peak.</p><p>It is such an awesome company. The 2020 financial report shows that it has suffered a loss of US $22.44 billion. This is the first loss since the merger, and it may also be one of the companies with the largest losses in the world.</p><p>The latest market value is only US $273.9 billion, only half of its peak.</p><p><img src=\"https://static.tigerbbs.com/93e38d7e4eaef842e365b7effdf8da04\" tg-width=\"840\" tg-height=\"470\">Today, ExxonMobil's market value is only $272.4 billion, barely topping the list<a href=\"https://laohu8.com/S/AAPL\">Apple</a>1/10 of the market value of US $2.24 trillion.</p><p>In order to cope with the losses, ExxonMobil decided to lay off employees, suspend bonuses, and sell assets to save itself.</p><p>After announcing in 2020 that it would cut 14,000 jobs worldwide by 2022, ExxonMobil also plans to reduce the number of employees in its U.S. offices by 5% to 10% annually over the next three to five years.</p><p>According to ExxonMobil's employee composition, the U.S. office will lay off 1,000 to 3,000 people every year.</p><p>ExxonMobil has also taken measures such as suspending bonuses and stopping employee contribution matching to 401k savings plans.</p><p>In addition, ExxonMobil will sell shares in 15 oil fields to get some blood back.<img src=\"https://static.tigerbbs.com/896a25d58495644c16903bb72d3ef94d\" tg-width=\"554\" tg-height=\"370\" referrerpolicy=\"no-referrer\">ExxonMobil chemical plant in Baytown, Texas</p><p>Ordinary employees are at risk of losing their jobs, and times at the top are hard.</p><p>Previously, ExxonMobil changed a quarter of its board members due to climate and financial concerns.</p><p><img src=\"https://static.tigerbbs.com/c3e19a6be56cb21660acb2bd3624b49d\" tg-width=\"660\" tg-height=\"176\" referrerpolicy=\"no-referrer\"></p><p>ExxonMobil's loss is due to accidental factors.</p><p>You know, in 2019, they also earned a net profit of $14.34 billion.</p><p>The huge loss in 2020, this accidental factor is COVID-19 pandemic.</p><p>Affected by the epidemic, oil demand has declined, and international oil prices have also plummeted. For details, please read \"Sending 84 giant ships to buy oil at the bottom, China becomes the biggest winner of the\" oil war \"?\" This article.</p><p><img src=\"https://static.tigerbbs.com/e36c5ed02f7d9f7a3b6803cee6cead1d\" tg-width=\"660\" tg-height=\"385\" referrerpolicy=\"no-referrer\"></p><p>Crude oil price trend chart in recent years</p><p>The decline in sales volume and the decline in prices has naturally greatly affected ExxonMobil's revenue.</p><p>You see, as the epidemic is gradually brought under control, international oil prices begin to rise, and ExxonMobil's revenue begins to \"come back to life\" again.</p><p>The company's first fiscal quarter of fiscal year 2021 showed that the net profit attributable to ordinary shareholders was US $2.730 billion.</p><p>If we go back to 2019 before the epidemic, we will find that compared with 2018, ExxonMobil's net profit has also declined.</p><p>Connecting with its falling market value, ExxonMobil's recession is already a general trend.</p><p>Therefore, there must be internal factors behind ExxonMobil's recession.</p><p>First, the investment failed.</p><p>Energy companies like petrochemicals are engaged in the business of buying and selling energy.</p><p>If we want to develop well, we must rely on our ancestor Rockefeller to merge and expand production.</p><p>ExxonMobil has indeed inherited this very well. In the early days, the two companies merged and became the world's largest oil company in one fell swoop.</p><p>In the subsequent operations, ExxonMobil has continued to purchase high-quality upstream oil and gas assets, playing the wishful thinking of \"buying low and selling high\".</p><p>However, sometimes people are not as good as God.</p><p>In 2009, taking advantage of the international financial crisis, ExxonMobil spent US $41 billion to acquire the American XTO Energy Company, acquiring fracturing technology and precious natural gas fields.</p><p>I originally hoped to make a lot of money by relying on the sharp rise in natural gas. Who would have thought that it was copied on the top of the mountain.</p><p>As commodity prices fell in the following years, ExxonMobil's investment fell into the red and eventually withdrew most of its investment.</p><p>Between 2009 and 2019, Exxon spent $261 billion in capital expenditures, according to investment bank Evercore ISI.</p><p>Not only did oil and gas production not expand much, but it increased debt by $45 billion.</p><p><img src=\"https://static.tigerbbs.com/a59dc22a96ff6d5e35155840a6e88e07\" tg-width=\"554\" tg-height=\"738\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/1ee1f70017b5261ef909bca6227bfdfa\" tg-width=\"601\" tg-height=\"800\" referrerpolicy=\"no-referrer\"></p><p>ExxonMobil's investments vs. debt</p><p>Second, strategic mistakes.</p><p>ExxonMobil is very aggressive in investing in oil and gas resources, and conservative in new energy.</p><p>Like other U.S. oil companies, ExxonMobil also believes that oil and gas energy demand will not decrease in the short term, and it is foolish to switch to new energy sources.</p><p>ExxonMobil is indeed stubborn. On the one hand, it despises new energy, and on the other hand, it invests US $1 billion every year in the research of \"carbon capture and storage technology\".</p><p><img src=\"https://static.tigerbbs.com/7b9047c394c310e89c3534276bbb39c4\" tg-width=\"660\" tg-height=\"317\" referrerpolicy=\"no-referrer\"></p><p>Schematic diagram of \"Carbon capture and storage technology\"</p><p>This technology, simply put, collects carbon dioxide produced by industrial life activities and stores it in various ways to avoid its emission into the atmosphere.</p><p>ExxonMobil's small idea is that since the reason why it is not allowed to use oil is because it is afraid of carbon emissions, I simply capture and store the carbon so that oil can be used.</p><p>The ideal is full, but the reality is skinny.</p><p>This technology has been studied for forty or fifty years, and there has been little substantial progress.</p><p>ExxonMobil probably \"clicked on the wrong technology tree\".</p><p>The butt determines the head, which is really unacceptable.</p><p><img src=\"https://static.tigerbbs.com/e76a5235faa31191b4c32e86aa9e1632\" tg-width=\"660\" tg-height=\"176\" referrerpolicy=\"no-referrer\"></p><p>Does ExxonMobil's recession mean that petrochemical companies are having a hard time?</p><p>To be precise, American petrochemical companies are having a hard time.</p><p>Let's first look at the Fortune Global 500 in 2006. ExxonMobil ranked first in the world.</p><p>Another noteworthy situation is that among the top ten, Royal Dutch Shell,<a href=\"https://laohu8.com/S/BP\">British Oil</a>Company,<a href=\"https://laohu8.com/S/CVX\">Chevron</a>Company, United States<a href=\"https://laohu8.com/S/COP\">ConocoPhillips</a>The companies are all petrochemical companies.</p><p>In other words, among the ten largest companies in the world in 2006, petrochemical companies accounted for five.</p><p><img src=\"https://static.tigerbbs.com/a05d48e79c0f57ea523f43697f69fdfa\" tg-width=\"660\" tg-height=\"665\" referrerpolicy=\"no-referrer\"></p><p>Top Ten of the World's Fortune 500 in 2006</p><p>Looking at the 2020 list, among the top ten, petrochemical companies still occupy 5 seats.</p><p><img src=\"https://static.tigerbbs.com/1c6271323e9fc6dd54a697ead7c24fc9\" tg-width=\"593\" tg-height=\"735\" referrerpolicy=\"no-referrer\"></p><p>Top 10 of the 2020 Fortune Global 500 list</p><p>However, American companies have changed greatly.</p><p>In 2005, three petrochemical companies in the United States ranked among the top ten; In 2020, all out.</p><p>The collective decline of American petrochemical companies can be analyzed in another article.</p><p>The conservatism of American petrochemical companies may be one of the reasons.</p><p>Unlike sticking to the oil and gas field, European petrochemical companies have taken the lead.</p><p>BP announced that it will increase investment in low-emission businesses tenfold over the next 10 years to $5 billion per year, while shrinking oil and gas production by 40%.</p><p><a href=\"https://laohu8.com/S/SNP\">Sinopec</a>、<a href=\"https://laohu8.com/S/PTR\">PetroChina</a>Also transforming.</p><p>Recently,<a href=\"https://laohu8.com/S/600028\">Sinopec</a>A plan has been announced to deploy 5,000 charging and swapping stations, 1,000 hydrogenation stations or oil-hydrogen joint construction stations, and 7,000 distributed photovoltaic power stations by 2025.</p><p><img src=\"https://static.tigerbbs.com/b7dc7c42418bdd914f31fab0e6a0e600\" tg-width=\"500\" tg-height=\"326\" referrerpolicy=\"no-referrer\"></p><p>Sinopec gas station battery swap station</p><p><a href=\"https://laohu8.com/S/601857\">PetroChina</a>We are also exploring the \"oil + electricity\" transformation in many provinces and cities across the country, putting into operation comprehensive energy supply service stations, combining gas stations and charging piles into one, and providing services for new energy vehicle owners.</p><p>This strategic transformation of the blade inward requires courage and is also an important measure to hedge the risks of the traditional petrochemical industry.</p><p>Low-carbon emission reduction has become the general trend of the times, and the global energy system is undergoing profound changes.</p><p>Ignoring or even resisting this trend will eventually be abandoned by the times. Disclaimer: The content of this article only represents the views of the author of the submitted article, and does not represent the position of Muddy Waters. Please indicate the name of the contributor and attach the source of this article (Muddy Water).<b>Muddy Water reserves the right to investigate the corresponding responsibility for those who fail to reprint according to the specification</b></p>","source":"lsy1568269639741","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>Is it going to be eliminated by the times? The world's most powerful company suffered a huge loss of US $22.4 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\">\nIs it going to be eliminated by the times? The world's most powerful company suffered a huge loss of US $22.4 billion\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\"> 正解局</strong><span class=\"h-time small\">2021-06-28 16:53</span>\n</p>\n</h4>\n</header>\n<article>\n<p>In 2005, three petrochemical companies in the United States ranked among the top ten; In 2020, all out. Original solution</p><p>About 14 years ago, the best company in the world was<a href=\"https://laohu8.com/S/XOM\">ExxonMobil</a>。</p><p>This oil company's operating income ranked first in the world in 2006, and its market value ranked first in the world in 2007. It was in the limelight for a while.</p><p>Today, ExxonMobil's market value has shrunk by half, and its operating income in 2020 will lose US $22.4 billion.</p><p>What has ExxonMobil done wrong in just over a decade?</p><p>Petrochemical companies, are life really hard?</p><p><img src=\"https://static.tigerbbs.com/1ffefa502a3b3b7343aa17156a17e8d6\" tg-width=\"660\" tg-height=\"176\" referrerpolicy=\"no-referrer\">ExxonMobil, from a well-known family.</p><p>Its predecessor was the famous Standard Oil Company founded by Rockefeller.</p><p>The largest crude oil producer in the United States monopolizes 95% of the refining capacity, 90% of the oil transportation capacity and 25% of the crude oil production in the United States.</p><p>The strength of monopoly is unprecedented in American history, and it is unprecedented.</p><p>Because it was too powerful, in 1911, the Standard Oil Empire was split into about 37 regional oil companies.</p><p>Among them, the largest one is Exxon (Standard Oil of New Jersey).</p><p>The general trend of the world is that if we unite for a long time, we will divide it, and if we divide for a long time, we will unite it.</p><p>In 1999, Exxon Oil (Standard Oil of New Jersey) and Mobil Oil merged to form ExxonMobil Corporation, which transformed itself into the world's largest oil company.</p><p>A Big Mac is a Big Mac. The second year after the merger, ExxonMobil was on the Fortune Global 500 list, ranking third.</p><p><img src=\"https://static.tigerbbs.com/de976cf6d27f46cb0cf233283bc0397d\" tg-width=\"435\" tg-height=\"539\" referrerpolicy=\"no-referrer\">Top Ten of the World's Fortune 500 List in 2000</p><p>Since then, ExxonMobil has been among the top five in the world 500 list all year round. In 2006, it ranked first in the world in one fell swoop.<img src=\"https://static.tigerbbs.com/a05d48e79c0f57ea523f43697f69fdfa\" tg-width=\"660\" tg-height=\"665\" referrerpolicy=\"no-referrer\">Top Ten of the World's Fortune 500 in 2006</p><p>2007 was also the highlight moment for ExxonMobil, with its market value ranking first in the world, reaching US $525 billion at its peak.</p><p>It is such an awesome company. The 2020 financial report shows that it has suffered a loss of US $22.44 billion. This is the first loss since the merger, and it may also be one of the companies with the largest losses in the world.</p><p>The latest market value is only US $273.9 billion, only half of its peak.</p><p><img src=\"https://static.tigerbbs.com/93e38d7e4eaef842e365b7effdf8da04\" tg-width=\"840\" tg-height=\"470\">Today, ExxonMobil's market value is only $272.4 billion, barely topping the list<a href=\"https://laohu8.com/S/AAPL\">Apple</a>1/10 of the market value of US $2.24 trillion.</p><p>In order to cope with the losses, ExxonMobil decided to lay off employees, suspend bonuses, and sell assets to save itself.</p><p>After announcing in 2020 that it would cut 14,000 jobs worldwide by 2022, ExxonMobil also plans to reduce the number of employees in its U.S. offices by 5% to 10% annually over the next three to five years.</p><p>According to ExxonMobil's employee composition, the U.S. office will lay off 1,000 to 3,000 people every year.</p><p>ExxonMobil has also taken measures such as suspending bonuses and stopping employee contribution matching to 401k savings plans.</p><p>In addition, ExxonMobil will sell shares in 15 oil fields to get some blood back.<img src=\"https://static.tigerbbs.com/896a25d58495644c16903bb72d3ef94d\" tg-width=\"554\" tg-height=\"370\" referrerpolicy=\"no-referrer\">ExxonMobil chemical plant in Baytown, Texas</p><p>Ordinary employees are at risk of losing their jobs, and times at the top are hard.</p><p>Previously, ExxonMobil changed a quarter of its board members due to climate and financial concerns.</p><p><img src=\"https://static.tigerbbs.com/c3e19a6be56cb21660acb2bd3624b49d\" tg-width=\"660\" tg-height=\"176\" referrerpolicy=\"no-referrer\"></p><p>ExxonMobil's loss is due to accidental factors.</p><p>You know, in 2019, they also earned a net profit of $14.34 billion.</p><p>The huge loss in 2020, this accidental factor is COVID-19 pandemic.</p><p>Affected by the epidemic, oil demand has declined, and international oil prices have also plummeted. For details, please read \"Sending 84 giant ships to buy oil at the bottom, China becomes the biggest winner of the\" oil war \"?\" This article.</p><p><img src=\"https://static.tigerbbs.com/e36c5ed02f7d9f7a3b6803cee6cead1d\" tg-width=\"660\" tg-height=\"385\" referrerpolicy=\"no-referrer\"></p><p>Crude oil price trend chart in recent years</p><p>The decline in sales volume and the decline in prices has naturally greatly affected ExxonMobil's revenue.</p><p>You see, as the epidemic is gradually brought under control, international oil prices begin to rise, and ExxonMobil's revenue begins to \"come back to life\" again.</p><p>The company's first fiscal quarter of fiscal year 2021 showed that the net profit attributable to ordinary shareholders was US $2.730 billion.</p><p>If we go back to 2019 before the epidemic, we will find that compared with 2018, ExxonMobil's net profit has also declined.</p><p>Connecting with its falling market value, ExxonMobil's recession is already a general trend.</p><p>Therefore, there must be internal factors behind ExxonMobil's recession.</p><p>First, the investment failed.</p><p>Energy companies like petrochemicals are engaged in the business of buying and selling energy.</p><p>If we want to develop well, we must rely on our ancestor Rockefeller to merge and expand production.</p><p>ExxonMobil has indeed inherited this very well. In the early days, the two companies merged and became the world's largest oil company in one fell swoop.</p><p>In the subsequent operations, ExxonMobil has continued to purchase high-quality upstream oil and gas assets, playing the wishful thinking of \"buying low and selling high\".</p><p>However, sometimes people are not as good as God.</p><p>In 2009, taking advantage of the international financial crisis, ExxonMobil spent US $41 billion to acquire the American XTO Energy Company, acquiring fracturing technology and precious natural gas fields.</p><p>I originally hoped to make a lot of money by relying on the sharp rise in natural gas. Who would have thought that it was copied on the top of the mountain.</p><p>As commodity prices fell in the following years, ExxonMobil's investment fell into the red and eventually withdrew most of its investment.</p><p>Between 2009 and 2019, Exxon spent $261 billion in capital expenditures, according to investment bank Evercore ISI.</p><p>Not only did oil and gas production not expand much, but it increased debt by $45 billion.</p><p><img src=\"https://static.tigerbbs.com/a59dc22a96ff6d5e35155840a6e88e07\" tg-width=\"554\" tg-height=\"738\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/1ee1f70017b5261ef909bca6227bfdfa\" tg-width=\"601\" tg-height=\"800\" referrerpolicy=\"no-referrer\"></p><p>ExxonMobil's investments vs. debt</p><p>Second, strategic mistakes.</p><p>ExxonMobil is very aggressive in investing in oil and gas resources, and conservative in new energy.</p><p>Like other U.S. oil companies, ExxonMobil also believes that oil and gas energy demand will not decrease in the short term, and it is foolish to switch to new energy sources.</p><p>ExxonMobil is indeed stubborn. On the one hand, it despises new energy, and on the other hand, it invests US $1 billion every year in the research of \"carbon capture and storage technology\".</p><p><img src=\"https://static.tigerbbs.com/7b9047c394c310e89c3534276bbb39c4\" tg-width=\"660\" tg-height=\"317\" referrerpolicy=\"no-referrer\"></p><p>Schematic diagram of \"Carbon capture and storage technology\"</p><p>This technology, simply put, collects carbon dioxide produced by industrial life activities and stores it in various ways to avoid its emission into the atmosphere.</p><p>ExxonMobil's small idea is that since the reason why it is not allowed to use oil is because it is afraid of carbon emissions, I simply capture and store the carbon so that oil can be used.</p><p>The ideal is full, but the reality is skinny.</p><p>This technology has been studied for forty or fifty years, and there has been little substantial progress.</p><p>ExxonMobil probably \"clicked on the wrong technology tree\".</p><p>The butt determines the head, which is really unacceptable.</p><p><img src=\"https://static.tigerbbs.com/e76a5235faa31191b4c32e86aa9e1632\" tg-width=\"660\" tg-height=\"176\" referrerpolicy=\"no-referrer\"></p><p>Does ExxonMobil's recession mean that petrochemical companies are having a hard time?</p><p>To be precise, American petrochemical companies are having a hard time.</p><p>Let's first look at the Fortune Global 500 in 2006. ExxonMobil ranked first in the world.</p><p>Another noteworthy situation is that among the top ten, Royal Dutch Shell,<a href=\"https://laohu8.com/S/BP\">British Oil</a>Company,<a href=\"https://laohu8.com/S/CVX\">Chevron</a>Company, United States<a href=\"https://laohu8.com/S/COP\">ConocoPhillips</a>The companies are all petrochemical companies.</p><p>In other words, among the ten largest companies in the world in 2006, petrochemical companies accounted for five.</p><p><img src=\"https://static.tigerbbs.com/a05d48e79c0f57ea523f43697f69fdfa\" tg-width=\"660\" tg-height=\"665\" referrerpolicy=\"no-referrer\"></p><p>Top Ten of the World's Fortune 500 in 2006</p><p>Looking at the 2020 list, among the top ten, petrochemical companies still occupy 5 seats.</p><p><img src=\"https://static.tigerbbs.com/1c6271323e9fc6dd54a697ead7c24fc9\" tg-width=\"593\" tg-height=\"735\" referrerpolicy=\"no-referrer\"></p><p>Top 10 of the 2020 Fortune Global 500 list</p><p>However, American companies have changed greatly.</p><p>In 2005, three petrochemical companies in the United States ranked among the top ten; In 2020, all out.</p><p>The collective decline of American petrochemical companies can be analyzed in another article.</p><p>The conservatism of American petrochemical companies may be one of the reasons.</p><p>Unlike sticking to the oil and gas field, European petrochemical companies have taken the lead.</p><p>BP announced that it will increase investment in low-emission businesses tenfold over the next 10 years to $5 billion per year, while shrinking oil and gas production by 40%.</p><p><a href=\"https://laohu8.com/S/SNP\">Sinopec</a>、<a href=\"https://laohu8.com/S/PTR\">PetroChina</a>Also transforming.</p><p>Recently,<a href=\"https://laohu8.com/S/600028\">Sinopec</a>A plan has been announced to deploy 5,000 charging and swapping stations, 1,000 hydrogenation stations or oil-hydrogen joint construction stations, and 7,000 distributed photovoltaic power stations by 2025.</p><p><img src=\"https://static.tigerbbs.com/b7dc7c42418bdd914f31fab0e6a0e600\" tg-width=\"500\" tg-height=\"326\" referrerpolicy=\"no-referrer\"></p><p>Sinopec gas station battery swap station</p><p><a href=\"https://laohu8.com/S/601857\">PetroChina</a>We are also exploring the \"oil + electricity\" transformation in many provinces and cities across the country, putting into operation comprehensive energy supply service stations, combining gas stations and charging piles into one, and providing services for new energy vehicle owners.</p><p>This strategic transformation of the blade inward requires courage and is also an important measure to hedge the risks of the traditional petrochemical industry.</p><p>Low-carbon emission reduction has become the general trend of the times, and the global energy system is undergoing profound changes.</p><p>Ignoring or even resisting this trend will eventually be abandoned by the times. Disclaimer: The content of this article only represents the views of the author of the submitted article, and does not represent the position of Muddy Waters. Please indicate the name of the contributor and attach the source of this article (Muddy Water).<b>Muddy Water reserves the right to investigate the corresponding responsibility for those who fail to reprint according to the specification</b></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://mp.weixin.qq.com/s/7-k9ecgcKloqfvP1ovs-4w\"> 正解局</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/896a25d58495644c16903bb72d3ef94d","relate_stocks":{"XOM":"埃克森美孚"},"source_url":"https://mp.weixin.qq.com/s/7-k9ecgcKloqfvP1ovs-4w","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2146881622","content_text":"2005年，美国有3家石化企业跻身前十强；2020年，全部出局。正解局原创\n14年前左右，全球最牛的公司是埃克森美孚。\n这家石油公司，2006年营业收入高居全球第一，2007年市值又高居全球第一，风头一时无两。\n今天，埃克森美孚市值缩水一半，2020年营业收入更是亏损了224亿美元。\n短短十多年，埃克森美孚做错了什么？\n石化企业，日子真的不好过了吗？\n埃克森美孚，出身名门。\n其前身，便是洛克菲勒创办的大名鼎鼎的标准石油公司。\n这家美国最大的原油生产商，垄断了美国95%的炼油能力、90%的输油能力、25%的原油产量。\n垄断力度之大，在美国历史上，前无古人，亦后无来者。\n因为实在过于强大，1911年，标准石油帝国被拆分为约37家地区性石油公司。\n其中，最大的那一家，便是埃克森（新泽西标准石油）。\n天下大势，合久必分，分久必合。\n1999年，埃克森石油（新泽西标准石油）与美孚石油合并为埃克森美孚公司，摇身一变，又成为了世界第一大石油公司。\n巨无霸就是巨无霸。合并的第二年，埃克森美孚登上了财富世界500强榜单，位列第三名。\n2000年世界500强排行榜前十\n此后，埃克森美孚便常年在世界500榜单前5强。2006年，更是一举跃居世界第一。2006年世界500强排行榜前十\n2007年也是埃克森美孚的高光时刻，市值稳居全球第一，峰值时期曾达到5250亿美元。\n就是这么一家牛逼的公司，2020年的财报显示，亏损224.40亿美元，这是合并以来首次亏损，可能也是全球亏损最多的公司之一。\n最新的市值，也只有2739亿美元，仅为巅峰时期的一半。\n而到如今，埃克森美孚的市值仅为2724亿美元，勉强达到榜首苹果的2.24万亿美元市值的1/10。\n为了应对亏损，埃克森美孚决定裁员、暂停发奖金、卖资产以自救。\n自2020年宣布到2022年在全球裁员14000人之后，埃克森美孚还计划在未来三到五年内，将其美国办事处的员工人数每年减少5%至10%。\n按照埃克森美孚的员工构成，美国办事处每年要裁掉1000到3000人。\n埃克森美孚还采取暂停发放奖金、停止员工对401k储蓄计划的贡献匹配等措施。\n此外，埃克森美孚将出售15个油田的股份，回点血。位于得克萨斯州贝敦的埃克森美孚化工厂\n普通员工面临失业风险，高层的日子也不好过。\n此前，因气候和财务问题，埃克森美孚更换了四分之一的董事会成员。\n\n埃克森美孚亏损，有偶然因素。\n要知道，2019年，他们还赚了143.40亿美元的净利润。\n2020年巨亏，这个偶然因素就是新冠疫情。\n受疫情影响，石油需求下降，国际油价也大跌，具体可看正解局《派84艘巨轮抄底石油，中国成为“石油大战”最大赢家？》这篇文章。\n\n近几年的原油价格走势图\n销量下降，价格又降低，埃克森美孚的营收自然大受影响。\n你看，随着疫情逐步被控制，国际油价开始上升，埃克森美孚的营收，又开始“起死回生”。\n公司2021财年第一财季显示，归属于普通股东净利润为27.30亿美元。\n如果我们回到疫情之前的2019年，会发现，与2018年相比，埃克森美孚的净利润也是下降的。\n再联系其一路下跌的市值，埃克森美孚衰退，已是大势。\n因此，埃克森美孚的衰退背后，肯定有着内在因素。\n其一，投资失败。\n像石化这样的能源企业，做的就是买卖能源的生意。\n要想发展得好，就要靠祖师爷洛克菲勒兼并、扩产那一套。\n埃克森美孚确实很好地继承了这一点，早期便是两家合并，一举登顶全球最大石油企业。\n在此后的经营中，埃克森美孚不断购买优质上游油气资产，打的是“低买高卖”的如意算盘。\n然而，有时候人算不如天算。\n2009年，趁着国际金融危机，埃克森美孚豪掷410亿美元收购美国XTO能源公司，拿下压裂技术和珍贵的天然气田。\n本来期望靠天然气大涨，狠赚一把。谁承想，抄在了山顶。\n随着此后几年大宗商品价格的下跌，埃克森美孚投资陷入亏损，最终撤销了大部分投资。\n投资银行Evercore ISI的数据显示，2009年至2019年期间，埃克森美孚的资本支出为2610亿美元。\n不仅油气产量没扩大多少，反而增加了450亿美元的债务。\n\n埃克森美孚的投资与债务\n其二，战略失误。\n埃克森美孚在投资油气资源上，非常激进，在新能源上，又很保守。\n如其他美国石油企业一样，埃克森美孚也认为，短期内，油气能源需求不会减少，转向新能源是愚蠢。\n埃克森美孚确实比较顽固，一方面看不上新能源，另一方面每年投资10亿美元在“碳捕获与封存技术”研究上。\n\n“碳捕获与封存技术”示意图\n这项技术，简单来说，就是将工业生活活动所产生的二氧化碳收集起来，并用各种方法储存，以避免其排放到大气中。\n埃克森美孚的小心思是，既然不让用石油的原因是怕碳排放，那我索性把碳捕捉并封存起来，这样就可以让用石油了。\n理想很丰满，现实很骨感。\n这项技术研究了四五十年，也没什么实质性的进展。\n埃克森美孚大概是“点错了科技树”。\n屁股决定脑袋，实在要不得。\n\n埃克森美孚的衰退，是不是意味着石化企业，日子不好过了？\n准确地说，是美国石化企业，日子不好过了。\n还是先看2006年世界500强，埃克森美孚位居世界第一。\n另一个值得注意的情况是，前十强中，荷兰皇家壳牌石油公司、英国石油公司、雪佛龙公司、美国康菲石油公司都是石化企业。\n也就是说，2006年全球最大的十家公司，石化企业独占5家。\n\n2006年世界500强排行榜前十\n再看2020年榜单，前十强中，石化企业依然占据5席。\n\n2020年世界500强排行榜前十\n只是，美国企业变化比较大。\n2005年，美国有3家石化企业跻身前十强；2020年，全部出局。\n美国石化企业的集体性衰退，可以另写一篇文章分析。\n美国石化企业的保守，可能是原因之一。\n与固守油气领域不同，欧洲石化企业已先行一步。\n英国石油公司宣布，未来10年将把低排放业务的投资增加10倍，达到每年50亿美元，同时将油气产量缩减40%。\n中石化、中石油也在转型。\n最近，中国石化对外宣布了一项规划，到2025年将布局5000座充换电站，1000座加氢站或油氢合建站，以及7000座分布式光伏发电站点。\n\n中石化加油站内换电站\n中国石油也在全国多个省市探索“油＋电”转型，投运综合供能服务站，将加油站与充电桩合二为一，为新能源车主提供服务。\n这种刀刃向内的战略转型，需要勇气，也是对冲传统石化行业风险的重要举措。\n低碳减排已成时代大势，全球能源体系正发生深刻变化。\n无视乃至抵制这种趋势，终将为时代所抛弃。声明：本文内容仅代表该投稿文章作者观点，不代表浑水号立场。转载请注明投稿人姓名并附上本文出处（浑水号）。未按照规范转载者，浑水号保留追究相应责任的权利","news_type":1,"symbols_score_info":{"XOM":0.9}},"isVote":1,"tweetType":1,"viewCount":4183,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":129230303,"gmtCreate":1624373200102,"gmtModify":1703834841795,"author":{"id":"3573373078542650","authorId":"3573373078542650","name":"KeithHan","avatar":"https://static.tigerbbs.com/499148728d0c775136a5099e0d8769c0","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573373078542650","idStr":"3573373078542650"},"themes":[],"htmlText":"? ?&nbsp;","listText":"? ?&nbsp;","text":"? ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/129230303","repostId":"1142464181","repostType":4,"repost":{"id":"1142464181","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":1624372497,"share":"https://ttm.financial/m/news/1142464181?lang=en_US&edition=fundamental","pubTime":"2021-06-22 22:34","market":"us","language":"zh","title":"The daily fresh pricing range is 13-16 US dollars/ADS, and old shareholders continue to increase their weight","url":"https://stock-news.laohu8.com/highlight/detail?id=1142464181","media":"老虎资讯综合","summary":"北京时间6月22日晚间消息，每日优鲜更新F-1招股书，计划公开发行2100万股美国存托股票（ADS），定价区间为13-16美元/ADS。\n现有股东中金、腾讯、美国长线基金Davis等将持续加码，购买至","content":"<p>News on the evening of June 22, Beijing time,<a href=\"https://laohu8.com/S/MF\">Daily excellent fresh</a>Update the F-1 prospectus and plan to publicly issue 21 million American depositary shares (ADS) with a pricing range of US $13-16/ADS.</p><p>Existing shareholders CICC,<a href=\"https://laohu8.com/S/00700\">Tencent</a>, U.S. long-term fund Davis, etc. will continue to increase their weight and buy ADSs worth up to 90 million US dollars.</p><p>According to the prospectus, the net revenue of Daily Youxian from 2018 to 2020 is approximately 3.5467 billion yuan, 6.0014 billion yuan, and 6.1304 billion yuan respectively. For the three months ended March 31, 2020, Daily Youxian's net revenue was 1.6898 billion yuan, and for the three months ended March 31, 2021, the net revenue was 1.5302 billion yuan.</p><p>The prospectus also shows that Daily Youxian's gross profit was 304 million yuan in 2018, an increase of 71.3% to 520.9 million yuan in 2019, and an increase of 128.5% in 2020 to 1.1904 billion yuan. For the three months ended March 31, 2020, the gross profit of Daily Youxian was 510.8 million yuan, compared with 189 million yuan in the same period in 2021.</p><p>From 2018 to 2020, the daily net losses of Youxian were 2.2316 billion yuan, 2.9094 billion yuan, and 1.6492 billion yuan respectively. For the quarter ended March 31, 2020, the daily net loss of Youxian was 194.7 million yuan, and the loss in the same period in 2021 was 610.3 million yuan. In 2018, 2019 and 2020, the adjusted net losses (non-GAAP standards) of Daily Youxian were 2.2159 billion yuan, 2.777 billion yuan, and 1.5897 billion yuan, respectively. For the quarter ended March 31, 2020, the adjusted net loss of Daily Youxian was 175.8 million yuan, and the loss in the same period in 2021 was 598.4 million yuan.</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 daily fresh pricing range is 13-16 US dollars/ADS, and old shareholders continue to increase their weight</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 daily fresh pricing range is 13-16 US dollars/ADS, and old shareholders continue to increase their weight\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-06-22 22:34</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>News on the evening of June 22, Beijing time,<a href=\"https://laohu8.com/S/MF\">Daily excellent fresh</a>Update the F-1 prospectus and plan to publicly issue 21 million American depositary shares (ADS) with a pricing range of US $13-16/ADS.</p><p>Existing shareholders CICC,<a href=\"https://laohu8.com/S/00700\">Tencent</a>, U.S. long-term fund Davis, etc. will continue to increase their weight and buy ADSs worth up to 90 million US dollars.</p><p>According to the prospectus, the net revenue of Daily Youxian from 2018 to 2020 is approximately 3.5467 billion yuan, 6.0014 billion yuan, and 6.1304 billion yuan respectively. For the three months ended March 31, 2020, Daily Youxian's net revenue was 1.6898 billion yuan, and for the three months ended March 31, 2021, the net revenue was 1.5302 billion yuan.</p><p>The prospectus also shows that Daily Youxian's gross profit was 304 million yuan in 2018, an increase of 71.3% to 520.9 million yuan in 2019, and an increase of 128.5% in 2020 to 1.1904 billion yuan. For the three months ended March 31, 2020, the gross profit of Daily Youxian was 510.8 million yuan, compared with 189 million yuan in the same period in 2021.</p><p>From 2018 to 2020, the daily net losses of Youxian were 2.2316 billion yuan, 2.9094 billion yuan, and 1.6492 billion yuan respectively. For the quarter ended March 31, 2020, the daily net loss of Youxian was 194.7 million yuan, and the loss in the same period in 2021 was 610.3 million yuan. In 2018, 2019 and 2020, the adjusted net losses (non-GAAP standards) of Daily Youxian were 2.2159 billion yuan, 2.777 billion yuan, and 1.5897 billion yuan, respectively. For the quarter ended March 31, 2020, the adjusted net loss of Daily Youxian was 175.8 million yuan, and the loss in the same period in 2021 was 598.4 million yuan.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/1bc6d948584260429c150c1dd44a898f","relate_stocks":{},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1142464181","content_text":"北京时间6月22日晚间消息，每日优鲜更新F-1招股书，计划公开发行2100万股美国存托股票（ADS），定价区间为13-16美元/ADS。\n现有股东中金、腾讯、美国长线基金Davis等将持续加码，购买至多价值9000万美元的ADS。\n招股书显示，每日优鲜2018年-2020年的净营收分别约为35.467亿元， 60.014亿元，61.304亿元。截止2020年3月31日的三个月，每日优鲜的净营收为16.898亿元，截止2021年3月31日的三个月，净营收为15.302亿元。\n招股书还显示，每日优鲜的毛利润在2018年为3.04亿元，2019年增长71.3%了至5.209亿元，2020年再增长128.5%，达到11.904亿元。截止2020年3月31日的三个月，每日优鲜的毛利为5.108亿元，2021年的同期为1.89亿元。\n2018年至2020年，每日优鲜净亏损分别为22.316亿元，29.094亿元、16.492亿元。截止2020年3月31日的一个季度，每日优鲜净亏损1.947亿元，2021年同期亏损6.103亿元。2018年、2019年和2020年，每日优鲜的调整后净亏损（非GAAP标准）分别为22.159亿元、27.77亿元、15.897亿元。截止2020年3月31日的一个季度，每日优鲜调整后净亏损为1.758亿元，2021年同期亏损5.984亿元。","news_type":1,"symbols_score_info":{"MF":0.9}},"isVote":1,"tweetType":1,"viewCount":2477,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":130843291,"gmtCreate":1621525940013,"gmtModify":1704359163227,"author":{"id":"3573373078542650","authorId":"3573373078542650","name":"KeithHan","avatar":"https://static.tigerbbs.com/499148728d0c775136a5099e0d8769c0","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573373078542650","idStr":"3573373078542650"},"themes":[],"htmlText":"? ? ?&nbsp;","listText":"? ? ?&nbsp;","text":"? ? ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/130843291","repostId":"1188576028","repostType":4,"isVote":1,"tweetType":1,"viewCount":3972,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":190942789,"gmtCreate":1620575882641,"gmtModify":1704345112391,"author":{"id":"3573373078542650","authorId":"3573373078542650","name":"KeithHan","avatar":"https://static.tigerbbs.com/499148728d0c775136a5099e0d8769c0","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573373078542650","idStr":"3573373078542650"},"themes":[],"htmlText":"? ? ? ?&nbsp;","listText":"? ? ? ?&nbsp;","text":"? ? ? ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/190942789","repostId":"1164615477","repostType":4,"isVote":1,"tweetType":1,"viewCount":3453,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":104277450,"gmtCreate":1620396167170,"gmtModify":1704343105758,"author":{"id":"3573373078542650","authorId":"3573373078542650","name":"KeithHan","avatar":"https://static.tigerbbs.com/499148728d0c775136a5099e0d8769c0","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573373078542650","idStr":"3573373078542650"},"themes":[],"htmlText":"? ? ?&nbsp;","listText":"? ? ?&nbsp;","text":"? ? ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/104277450","repostId":"2133050027","repostType":4,"repost":{"id":"2133050027","kind":"news","pubTimestamp":1620395795,"share":"https://ttm.financial/m/news/2133050027?lang=en_US&edition=fundamental","pubTime":"2021-05-07 21:56","market":"us","language":"zh","title":"Here's What I Learned After Reading 23 Years of Bezos Shareholder Letters","url":"https://stock-news.laohu8.com/highlight/detail?id=2133050027","media":"36氪","summary":"编者按：一家企业的致股东的信往往能反映这个企业及领导者的价值观和理念。在所有致股东的信中，研究最多的是巴菲特致股东的信。除此之外，亚马逊作为一个伟大的互联网零售企业，其领导者贝索斯致股东的信也值得深入","content":"<p>Editor's note: A company's letter to shareholders can often reflect the values and ideas of the company and its leaders. Of all the letters to shareholders, the most studied is Buffett's letter to shareholders. In addition, as a great Internet retail enterprise, Amazon's letter from its leader Bezos to shareholders is also worthy of in-depth study. This article reviews Bezos's letters to shareholders over the past 23 years, condenses the essence of the letters, and shares them with you. This article is translated from Medium, written by Sumit Grrg, the original title is Read 23 Years Worth of Jeff Bezos' Amazon Shareholder Letters-Here's What I Learned, I hope it has inspired you.</p><p><img src=\"https://static.tigerbbs.com/02c1e7f37ab0059568a615de8884c1b1\" tg-width=\"550\" tg-height=\"380\" referrerpolicy=\"no-referrer\">Jeff Bezos speaks after receiving the 2019 International Astronautical Federation Award for Excellence in Industry in Washington, D.C., Oct. 22, 2019. Pictures : MANDEL NGAN/AFP/Getty Images</p><p>In the early 90s, few people had heard of the Internet. Jeff Bezos happens to be one of those who has heard the concept of the internet.</p><p>Bezos saw that the Internet was growing at a rate of 2,300% per year, and he decided to come up with a business idea to ride the wave. He made a list of products to sell online and quickly locked in on books.</p><p>Bezos originally named his online bookstore Cadabra. But only three months later, he changed his name to Amazon, named after the largest river on earth, and naturally the choice of the most people on earth. Although this company lives up to its name to this day, it has come a long way to get to where it is today. In the early days of his business, Bezos held more than 50 meetings to raise $1 million from investors. During these meetings, the most common question was, \"What is the Internet?\"</p><p>Today, Amazon has a market cap of nearly $1.7 trillion. Jeff Bezos, who was recently overtaken by Elon Musk, has topped the list of the world's richest people for three years in a row.</p><p>But for Bezos, the title of \"richest man in the world\" isn't that valuable because he prefers to be called an inventor or entrepreneur. He's right. The outgoing Amazon CEO is one of the best entrepreneurs in the world. Jeff Bezos has forever changed the way we shop, changing (and disrupting) multiple industries.</p><p>In the past few years, I have read every open letter Bezos has written to Amazon shareholders over the past 23 years. These letters not only provide us with a brief history of Amazon, but also give us an insight into the behind-the-scenes traders behind this huge Internet enterprise.</p><p>Here's a summary of the key takeaways from these letters.</p><p><b>1997: Pursuing long-term leadership, not short-term profitability</b></p><p>By selling books online, Amazon found a unique opportunity and began to provide customers with much more book choices than physical stores. \"And it is presented to customers in a useful, easy-to-search and easy-to-browse format in a bookstore that doesn't close 24 hours a day, 365 days a year.\"</p><p>Amazon went public in 1997, and soon after Bezos wrote his first letter to shareholders, which truly reflected his now famous Day-1 mentality-a principle widely adopted by the entrepreneurial world, that is, to always maintain the initial fanaticism and passion for the enterprise as in the first days.</p><p>\"The web was, and still is, the wait of the world.\"</p><p>Bezos aims at the long term, and his way of making decisions and weighing trade-offs is different from most other business leaders:</p><p>Constant attention to our customers.</p><p>Prioritize growth (scale), long-term market leadership, and long-term profitability over short-term profitability. Amazon is looking to solidify its market leadership amid numerous large entrants and stiff competition from the likes of book-selling giant Barnes & Noble.</p><p>Hiring and retaining talents, the salary structure focuses on stock options rather than cash, and using \"benefit-bound risk-sharing\" to make them think and act like masters.</p><p>Like a true dreamer, Bezos was prescient from the beginning: \"Today, e-commerce saves customers money and time. Tomorrow, through personalization, it will accelerate the whole process of discovery.\"</p><p><b>1998: 3 criteria to consider when hiring</b></p><p>Bezos said that setting a high bar when hiring is the most important factor in Amazon's success. During hiring meetings, he advised managers to consider the following three questions:</p><p>1. Would you appreciate this person? Someone you admire is someone you can learn from.</p><p>2. Will this person improve the average efficiency level of the team? The threshold has to be higher and higher.</p><p>3. To what extent is this person likely to become a superstar? Most people have unique skills that can enrich the work environment for everyone else.</p><p><b>1999: It's good enough today, but it can get better</b></p><p>\"The current online shopping experience is the worst. It's enough to attract 17 million users now, but it's going to get better.\" With long-term success and commercial dominance in mind, Bezos is determined to build a never-settling culture at Amazon.</p><p>After adding discounted music to its online retail offerings in 1998, Amazon took a series of major initiatives in 1999, including the introduction of zShops (now Marketplace), a trading platform that supports third-party sellers, and a \"one-click\" payment solution that revolutionized e-commerce checkout.</p><p><b>2000: A company that wants to be a heavyweight</b></p><p>Bezos's letter this year begins with one word: \"Ouch.\"</p><p>Although Amazon was one of the few dot-com companies to survive the burst of the dot-com bubble, its stock price plummeted from $116 at the peak of the dot-com bubble to $6.</p><p>To explain the turmoil caused by the stock market crash, Bezos borrowed the words of investor Benjamin Graham, who once said: \"In the short term, the stock market is a voting machine, and in the long term, it is a weighing machine.\"</p><p>And Amazon, as Bezos said in his letter to shareholders, is a \"company that wants to be weighed in.\"</p><p>In another letter, he added: \"We don't celebrate a 10% rise in stock prices like we celebrate an excellent customer experience. A 10% rise in stock prices can't improve our wisdom by 10%, and conversely, when stock prices fall, we won't be stupid by 10%. We want to be weighed, and we have been trying to build a heavier company.\"</p><p><b>2001: Eliminating errors at their root</b></p><p>Bezos introduced features such as Look Inside the Book, a free program that allows authors and publishers to promote their books. Bezos highlighted Amazon's efforts to forever improve the customer experience while encouraging merchants and small businesses to thrive in its ecosystem.</p><p>\"One of the most important things we do to improve convenience and experience for our customers happens to be a huge driver of variable cost productivity: eliminate errors and missteps at the root,\" Bezos added. Because when you implement an eradication program, you're not solving just one customer's problem, but you're solving it for every customer. \"Eliminating the root cause of mistakes saves us money and saves customers time,\" Bezos said.</p><p><b>2002: What's Good for Customers is Good for Shareholders</b></p><p>For example, Bezos insists on constantly lowering prices in order to beat competitors and win customers. Increased sales, in turn, drive profit growth in the long term, which is best for shareholders.</p><p><b>2003: Long-term investment, be the real master</b></p><p>\"I know a couple who rented out their house and the family who moved in nailed the Christmas tree to the hardwood floor instead of using a tree stand. I guess it was expedient, and admittedly these tenants are very bad, but no owner is so short-sighted. Owners and tenants are different. And long-term thinking is both a necessary condition and a result of the true master.</p><p>\"Similarly, a lot of investors are actually short-term tenants whose portfolios switch very quickly and are actually just renting stocks they hold temporarily,\" Bezos added, noting again that his business case is to remain optimistic about the long-term vision.</p><p>In 2003, at an executive retreat held at Bezos' home, the seeds of the cloud computing business Amazon Web Services (AWS) began to be planted. The business was originally invented to help Amazon solve its own problems, but it quickly became clear that every company wanted it. Today, AWS has dominated the public cloud market and become the company's largest source of profits. A few years later, when commenting on the success of AWS, Bezos talked about this business miracle in his mind: \"We haven't met competitors with similar views for seven years. As a pioneer, if you are lucky, you can probably get a two-year lead. But no one can get a seven-year lead, which is simply unbelievable.\"</p><p><b>2004: Cash is king</b></p><p>\"Cash flow best explains a company's long-term stock price. Amazon has a cash-generating operating cycle because it turns around quickly and collects money from customers before paying suppliers.\"</p><p>Free cash flow is what keeps Amazon going from strength to strength despite low margins, year after year. For ease of understanding, here's an excerpt from Vox that explains how \"meager profits\" compound over time:</p><p>\"Free cash flow is a bit like profit, except that it doesn't assume that Amazon has to pay everything in the same time frame as it sells it. And because of Amazon's payment cycle mechanism, companies often receive money for selling things long before they have to pay for them. For example,<a href=\"https://laohu8.com/S/WMT\">Walmart</a>It takes an average of three days to receive payment to suppliers, while Amazon pays suppliers an average of 18 days after receiving payment. \"</p><p><b>2005: Dare to make bold decisions</b></p><p>Bezos proposed two types of decisions that businesses must face frequently:</p><p>1. Mathematics-based decision-making: decisions that can be made with data, in which \"there is a correct answer or a wrong answer, a better answer or a worse answer, and mathematics will tell us which is which. These decisions still require us to make some assumptions and judgments, but the heaviest work is done by mathematics.\"</p><p>2. Judgment-based decision-making: \"Although data, analysis and mathematics all play a role, the main factor in these decisions is judgment. In this case, there is almost no historical data to guide us, and prospective trials are either impossible or impractical or no different from making a decision.\"</p><p>According to Bezos, \"Any institution that is unwilling to put up with controversy must limit its decision-making to the first type. But doing so will not only limit controversy, but also significantly limit innovation and long-term value creation.\" He advises companies to \"combine their strong culture of quantification and analysis with a willingness to make bold decisions.\"</p><p>It is precisely because of the theme of boldness that 2005 is also the year when Amazon Prime was born. It all started with the idea that a junior software engineer at Amazon came up with to offer customers a \"fast, free shipping buffet\". By 2018, Amazon will become the second largest paid membership program, second only to Netflix. And Amazon Prime is still one of Amazon's most valuable and brand-aware assets at present.</p><p><b>2006: Planting the seeds for new business</b></p><p>Bezos recommends carefully evaluating this checklist before investing in a new business:</p><p>Whether the new opportunity can generate the expected return on capital.</p><p>How large it can grow to.</p><p>Is the service in this market not yet in place?</p><p>Do you have the necessary ability to introduce strong customer-facing differentiation to the market?</p><p>Bezos used the above factors to explain why Amazon has refused to open physical stores so far.</p><p>He said: \"The potential scale of the physical store network is exciting. However, we don't know how to achieve low capital and high returns. Retail in the physical world is a cautious and ancient industry, and the service is already very perfect. We don't have any new ideas to build a physical store so that customers can feel better differentiated.\"</p><p>He added: \"When you see us entering new areas of business, it's because we believe that the above test has been passed.\"</p><p>It wasn't until 2015 that Amazon opened its first physical bookstore. It will then acquire<a href=\"https://laohu8.com/S/WFM\">Whole Foods</a>(Whole Foods), moved into grocery retail and opened an Amazon Go convenience store without cashiers.</p><p><b>2007: \"Missionaries\" make better products</b></p><p>On November 19, 2007, Amazon introduced the Kindle e-reader to the world, redefining the way we consume books.</p><p>Bezos said: \"We have set a long-term vision from the very beginning: no matter which language, as long as it is a published book, users can read it in 60 seconds. We start by setting ourselves obviously bold goals to improve physical books. This goal is not easily chosen. Anything that exists in roughly the same form and has been in conflict with change for 500 years can't be easily improved.\"</p><p>Bezos said that as an inventor, you are either a mercenary or a preacher. The mercenaries are thinking about how to sell things. Missionaries love their products, their customers, and try to provide excellent service. But paradoxically, he said, \"it's often the missionaries who make more money.\" A product like Kindle can only be built with a pure enthusiasm and true belief.</p><p>\"The Kindle is designed for long hours of reading. We hope that the Kindle and its later products will gradually extend the time we can concentrate on reading over a few years, buffering the recent tendency to read bits and pieces of information. I know my tone is like a preacher, and I can assure you that I speak from the heart. This is not my idea alone. There are a lot of people in our company who also have this idea. I'm very happy about that because the dedication of the missionaries can help us build better products. \"</p><p>But Bezos also quickly admitted that innovation won't wait for anyone. So, if you don't execute well enough and fast enough, others will seize the opportunity.</p><p><b>2008: Safeguarding the long-term interests of the company</b></p><p>Bezos wrote: \"Seek instant gratification, or make a promise that is out of reach, and it is likely that you will find that there is already a gang ahead of you.\" Conversely, long-term thinking:</p><p>Play into our existing capabilities.</p><p>Allow us to do something new that we couldn't think about before.</p><p>Failures and iterations needed to support the invention.</p><p>Free us to explore the unknown.</p><p>This year, Amazon bought Audible, which is now the leader in the audiobook market.</p><p><b>2009: Listen to customers and innovate for them</b></p><p>Bezos defines Amazon's basic policy as: \"Start with customers and go back. Listen to customers' opinions, but don't just listen to customers' opinions, but invent for them.\"</p><p>Although he didn't mention the now obvious and infamous rebuttal in his letter, \"If you can't beat them, buy them.\" Zappos, an early shoe e-commerce giant, is an example. After finding it difficult to catch up with the former, Amazon bought it directly.</p><p><b>2010: Inventing new methods</b></p><p>Invention is an essential tool for developing and improving every aspect of the customer experience. \"Although many of our systems are based on the latest achievements of computer science research, this is often not enough: our architects and engineers have to conduct further research in directions that have not been explored academically, and we face many problems that haven't been given solutions in textbooks, so we are happy to invent new solutions,\" Bezos wrote.</p><p>Corporate Milestone: In July 2010, Amazon announced that in the three years since the Kindle launched, e-books have outsold physical books.</p><p><b>2011: The most radical inventions are those that'allow others to pursue their dreams'</b></p><p>\"Even well-meaning gatekeepers can hinder innovation,\" Bezos said, emphasizing the self-serving nature of various Amazon platforms, including Amazon Web Services, Marketplace and Kindle Direct Publishing. \"When the platform is self-serving, even unlikely ideas will be tried, and many of them do work, and society is the beneficiary of this diversity.</p><p><b>2012: Prioritizing customers, not catching up with competitors</b></p><p>Bezos believes that one of the advantages of focusing on customer orientation is that \"it helps with some type of initiative. When we are at our best, we don't have to wait for external pressure. Before we are forced to do it, we are already pushed internally to improve our service, add benefits and functionality. We have lowered prices and added value for customers before we are forced. We invented it before we had to. \"</p><p>He added: \"What motivates these investments is customer orientation rather than a response to competition. We believe that this practice has won more trust from customers and driven rapid improvements in customer experience-importantly-even in those areas where we have become leaders.\"</p><p><b>2013: Separation payments</b></p><p>Amazon pays employees once a year for separation. Although, the title of this offer is \"Please don't accept this invitation\". \"Our goal is to encourage people to take time to think about what they really want. In the long run, if an employee barely stays in the company, it is not only bad for himself, but also bad for the company.\"</p><p>In 2013, Bezos acquired \"<a href=\"https://laohu8.com/S/WPO\">Washington Post</a>The Washington Post.</p><p><b>2014: When you find a fantastic business opportunity, act</b></p><p>Bezos believes that \"fantastic commercial products\" have at least four characteristics:</p><p>1. Customers love it.</p><p>2. It can grow to be very powerful.</p><p>3. It has a high rate of return.</p><p>4. It is possible to last for decades.</p><p>In 2014, Amazon launched Fire TV and launched the first Echo smart speaker for users to choose from.</p><p><b>2015: Big winners pay for numerous experiments</b></p><p>This year, Amazon launched its first and final smartphone, the Fire. The phone proved to be a huge failure, and Bezos talked about the importance of failure.</p><p>\"If there's a 10% chance of getting a 100x return, you should bet every time, which is usually right. But nine times out of ten, you'll still be wrong,\" Bezos wrote.</p><p>With entrepreneurial enthusiasm, he added: \"We want to be a big company that is also inventing machines. We want to combine the extraordinary customer service capabilities that scale gives, with the usual<a href=\"https://laohu8.com/S/V03.SI\">Startups</a>The combination of speed of action, flexibility and risk acceptance mentality. \"</p><p>Amazon also bought video game streaming site Twitch this year. And Echo smart speakers are rolling out just in time for the holiday season.</p><p><b>2016: Always Day 1</b></p><p>\"A'day two 'company is stagnant, followed by irrelevance, followed by a painful recession, and then death,\" Bezos said. What can be done to avoid stepping into day two? You can ask yourself these simple questions:</p><p>Will you keep your customers happy?</p><p>Are you a casualty of agents, or do they serve you? Are you the master of the process, or is the process your master?</p><p>Are world trends in your favor?</p><p>Are you only satisfied with the quality of the decision, or are you also focused on the speed of the decision?</p><p>Bezos details how to make high-quality, high-speed decisions:</p><p>1. What if you are wrong? Some decisions are irreversible and have to be made slowly and thoughtfully. But most decisions are reversible, and it is easy to make route corrections. It is important to determine which is which and not to use a \"one size fits all\" approach.</p><p>2. After you have mastered 70% of the information you want to get, you should be able to make most decisions. If you have to wait until you have mastered 90%, you are slow. If you are good at course correction, the cost of making mistakes will be less than making decisions slowly.</p><p>3. Dare to admonish and obey the overall situation. Bezos explained: \"If you are very sure of a specific direction, even if there is no consensus, it is helpful for you to raise it:\" I know everyone disagrees with this, but are you willing to bet me? Disagree but obey? \"At this point, no one is sure they know the answer, and at this time, you may get everyone's agreement very quickly.\"</p><p>4. \"Sometimes teams have different goals and fundamentally different perspectives. They are inconsistent, and no amount of discussion or meeting can solve this serious misalignment.,\" Bezos wrote. Therefore, it is best to detect the dislocation problem early and pay attention to it immediately.</p><p><b>2017: Yesterday's \"wow\" quickly became today's \"ordinary\"</b></p><p>No matter how much customer requirements and expectations continue to improve, Amazon can always catch up with it more or less. Why is it? According to Bezos, the reason lies in their high standards.</p><p>Bezos believes that setting high standards is taught, infectious, and domain-related, which means that you must learn high standards separately in each area of interest. To achieve high standards:</p><p>1. You have to know what is good.</p><p>2. Your expectations must be realistic, and you must know how difficult it is to achieve your goals or how much effort it takes.</p><p>According to Bezos, identification and scope are the two most important principles for high standards of delivery.</p><p>Leaders relentlessly set high standards that many people would even think are ridiculously high. -Amazon Leadership Principles</p><p>For example, PPT is nothing at all here at Amazon. Instead, their employees here have to write six pages of narrative structured memos and speak them out. According to Bezos,</p><p>Good memos are to be written over and over.</p><p>Also share it with colleagues who are being asked to improve their work.</p><p>Set aside a few days and then re-edit with new ideas.</p><p>Bezos said: \"Poor memos are often not because the authors don't realize what high standards are like, but because they have wrong expectations of scope: they mistakenly think that they can write a high-standard six-page memo in a day or two or even a few hours, but in fact it may take a week or more! They want to make a perfect handstand in just two weeks, but we didn't teach them well.\"</p><p>\"The point is that it just takes to teach them the scope to improve results-let them know that a good memo can take a week or more,\" he said.</p><p>In 2017, Amazon acquired Whole Foods.</p><p><b>2018: The road to success is by no means smooth sailing</b></p><p>Sometimes doing a business is like this. You know where to go, and you can get there efficiently. However, those extremely \"nonlinear\" discoveries may require you to take detours and rely on the guidance of intuition or curiosity. In order to find a way out, it is worthwhile to be a little confused and deviated.</p><p>\"Extra-large'nonlinear 'discoveries require detours.\"</p><p>In 2013, if you went to a customer and said to him, \"Do you want to have a black cylinder in the kitchen, about the size of Pringles, that you could chat with and ask questions while still helping you turn on the lights and play music?\" I guarantee they'll look at you weirdly and say, \"No thanks. No customer wants an Echo,\" Bezos explained.</p><p>\"It was definitely a detour that we took,\" he said.</p><p><b>2019: It's still day one</b></p><p>The letter from Bezos was written in April 2020, when the world was hit hard by the pandemic. Bezos explained Amazon's role in fighting the pandemic, as well as meeting growing demand, as consumers now rely more than ever on Amazon's services to deliver goods to their doors.</p><p>Bezos ended with a quote from Theodor Seuss Geisel, who said, \"When something bad happens, you have three choices: you can let it define you, let it destroy you, or let it make you stronger.\"</p><p>Bezos reiterated, \"Even in this situation, still maintain the day one mentality.\"</p>","source":"36k","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>Here's What I Learned After Reading 23 Years of Bezos Shareholder Letters</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\">\nHere's What I Learned After Reading 23 Years of Bezos Shareholder Letters\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">36氪</strong><span class=\"h-time small\">2021-05-07 21:56</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Editor's note: A company's letter to shareholders can often reflect the values and ideas of the company and its leaders. Of all the letters to shareholders, the most studied is Buffett's letter to shareholders. In addition, as a great Internet retail enterprise, Amazon's letter from its leader Bezos to shareholders is also worthy of in-depth study. This article reviews Bezos's letters to shareholders over the past 23 years, condenses the essence of the letters, and shares them with you. This article is translated from Medium, written by Sumit Grrg, the original title is Read 23 Years Worth of Jeff Bezos' Amazon Shareholder Letters-Here's What I Learned, I hope it has inspired you.</p><p><img src=\"https://static.tigerbbs.com/02c1e7f37ab0059568a615de8884c1b1\" tg-width=\"550\" tg-height=\"380\" referrerpolicy=\"no-referrer\">Jeff Bezos speaks after receiving the 2019 International Astronautical Federation Award for Excellence in Industry in Washington, D.C., Oct. 22, 2019. Pictures : MANDEL NGAN/AFP/Getty Images</p><p>In the early 90s, few people had heard of the Internet. Jeff Bezos happens to be one of those who has heard the concept of the internet.</p><p>Bezos saw that the Internet was growing at a rate of 2,300% per year, and he decided to come up with a business idea to ride the wave. He made a list of products to sell online and quickly locked in on books.</p><p>Bezos originally named his online bookstore Cadabra. But only three months later, he changed his name to Amazon, named after the largest river on earth, and naturally the choice of the most people on earth. Although this company lives up to its name to this day, it has come a long way to get to where it is today. In the early days of his business, Bezos held more than 50 meetings to raise $1 million from investors. During these meetings, the most common question was, \"What is the Internet?\"</p><p>Today, Amazon has a market cap of nearly $1.7 trillion. Jeff Bezos, who was recently overtaken by Elon Musk, has topped the list of the world's richest people for three years in a row.</p><p>But for Bezos, the title of \"richest man in the world\" isn't that valuable because he prefers to be called an inventor or entrepreneur. He's right. The outgoing Amazon CEO is one of the best entrepreneurs in the world. Jeff Bezos has forever changed the way we shop, changing (and disrupting) multiple industries.</p><p>In the past few years, I have read every open letter Bezos has written to Amazon shareholders over the past 23 years. These letters not only provide us with a brief history of Amazon, but also give us an insight into the behind-the-scenes traders behind this huge Internet enterprise.</p><p>Here's a summary of the key takeaways from these letters.</p><p><b>1997: Pursuing long-term leadership, not short-term profitability</b></p><p>By selling books online, Amazon found a unique opportunity and began to provide customers with much more book choices than physical stores. \"And it is presented to customers in a useful, easy-to-search and easy-to-browse format in a bookstore that doesn't close 24 hours a day, 365 days a year.\"</p><p>Amazon went public in 1997, and soon after Bezos wrote his first letter to shareholders, which truly reflected his now famous Day-1 mentality-a principle widely adopted by the entrepreneurial world, that is, to always maintain the initial fanaticism and passion for the enterprise as in the first days.</p><p>\"The web was, and still is, the wait of the world.\"</p><p>Bezos aims at the long term, and his way of making decisions and weighing trade-offs is different from most other business leaders:</p><p>Constant attention to our customers.</p><p>Prioritize growth (scale), long-term market leadership, and long-term profitability over short-term profitability. Amazon is looking to solidify its market leadership amid numerous large entrants and stiff competition from the likes of book-selling giant Barnes & Noble.</p><p>Hiring and retaining talents, the salary structure focuses on stock options rather than cash, and using \"benefit-bound risk-sharing\" to make them think and act like masters.</p><p>Like a true dreamer, Bezos was prescient from the beginning: \"Today, e-commerce saves customers money and time. Tomorrow, through personalization, it will accelerate the whole process of discovery.\"</p><p><b>1998: 3 criteria to consider when hiring</b></p><p>Bezos said that setting a high bar when hiring is the most important factor in Amazon's success. During hiring meetings, he advised managers to consider the following three questions:</p><p>1. Would you appreciate this person? Someone you admire is someone you can learn from.</p><p>2. Will this person improve the average efficiency level of the team? The threshold has to be higher and higher.</p><p>3. To what extent is this person likely to become a superstar? Most people have unique skills that can enrich the work environment for everyone else.</p><p><b>1999: It's good enough today, but it can get better</b></p><p>\"The current online shopping experience is the worst. It's enough to attract 17 million users now, but it's going to get better.\" With long-term success and commercial dominance in mind, Bezos is determined to build a never-settling culture at Amazon.</p><p>After adding discounted music to its online retail offerings in 1998, Amazon took a series of major initiatives in 1999, including the introduction of zShops (now Marketplace), a trading platform that supports third-party sellers, and a \"one-click\" payment solution that revolutionized e-commerce checkout.</p><p><b>2000: A company that wants to be a heavyweight</b></p><p>Bezos's letter this year begins with one word: \"Ouch.\"</p><p>Although Amazon was one of the few dot-com companies to survive the burst of the dot-com bubble, its stock price plummeted from $116 at the peak of the dot-com bubble to $6.</p><p>To explain the turmoil caused by the stock market crash, Bezos borrowed the words of investor Benjamin Graham, who once said: \"In the short term, the stock market is a voting machine, and in the long term, it is a weighing machine.\"</p><p>And Amazon, as Bezos said in his letter to shareholders, is a \"company that wants to be weighed in.\"</p><p>In another letter, he added: \"We don't celebrate a 10% rise in stock prices like we celebrate an excellent customer experience. A 10% rise in stock prices can't improve our wisdom by 10%, and conversely, when stock prices fall, we won't be stupid by 10%. We want to be weighed, and we have been trying to build a heavier company.\"</p><p><b>2001: Eliminating errors at their root</b></p><p>Bezos introduced features such as Look Inside the Book, a free program that allows authors and publishers to promote their books. Bezos highlighted Amazon's efforts to forever improve the customer experience while encouraging merchants and small businesses to thrive in its ecosystem.</p><p>\"One of the most important things we do to improve convenience and experience for our customers happens to be a huge driver of variable cost productivity: eliminate errors and missteps at the root,\" Bezos added. Because when you implement an eradication program, you're not solving just one customer's problem, but you're solving it for every customer. \"Eliminating the root cause of mistakes saves us money and saves customers time,\" Bezos said.</p><p><b>2002: What's Good for Customers is Good for Shareholders</b></p><p>For example, Bezos insists on constantly lowering prices in order to beat competitors and win customers. Increased sales, in turn, drive profit growth in the long term, which is best for shareholders.</p><p><b>2003: Long-term investment, be the real master</b></p><p>\"I know a couple who rented out their house and the family who moved in nailed the Christmas tree to the hardwood floor instead of using a tree stand. I guess it was expedient, and admittedly these tenants are very bad, but no owner is so short-sighted. Owners and tenants are different. And long-term thinking is both a necessary condition and a result of the true master.</p><p>\"Similarly, a lot of investors are actually short-term tenants whose portfolios switch very quickly and are actually just renting stocks they hold temporarily,\" Bezos added, noting again that his business case is to remain optimistic about the long-term vision.</p><p>In 2003, at an executive retreat held at Bezos' home, the seeds of the cloud computing business Amazon Web Services (AWS) began to be planted. The business was originally invented to help Amazon solve its own problems, but it quickly became clear that every company wanted it. Today, AWS has dominated the public cloud market and become the company's largest source of profits. A few years later, when commenting on the success of AWS, Bezos talked about this business miracle in his mind: \"We haven't met competitors with similar views for seven years. As a pioneer, if you are lucky, you can probably get a two-year lead. But no one can get a seven-year lead, which is simply unbelievable.\"</p><p><b>2004: Cash is king</b></p><p>\"Cash flow best explains a company's long-term stock price. Amazon has a cash-generating operating cycle because it turns around quickly and collects money from customers before paying suppliers.\"</p><p>Free cash flow is what keeps Amazon going from strength to strength despite low margins, year after year. For ease of understanding, here's an excerpt from Vox that explains how \"meager profits\" compound over time:</p><p>\"Free cash flow is a bit like profit, except that it doesn't assume that Amazon has to pay everything in the same time frame as it sells it. And because of Amazon's payment cycle mechanism, companies often receive money for selling things long before they have to pay for them. For example,<a href=\"https://laohu8.com/S/WMT\">Walmart</a>It takes an average of three days to receive payment to suppliers, while Amazon pays suppliers an average of 18 days after receiving payment. \"</p><p><b>2005: Dare to make bold decisions</b></p><p>Bezos proposed two types of decisions that businesses must face frequently:</p><p>1. Mathematics-based decision-making: decisions that can be made with data, in which \"there is a correct answer or a wrong answer, a better answer or a worse answer, and mathematics will tell us which is which. These decisions still require us to make some assumptions and judgments, but the heaviest work is done by mathematics.\"</p><p>2. Judgment-based decision-making: \"Although data, analysis and mathematics all play a role, the main factor in these decisions is judgment. In this case, there is almost no historical data to guide us, and prospective trials are either impossible or impractical or no different from making a decision.\"</p><p>According to Bezos, \"Any institution that is unwilling to put up with controversy must limit its decision-making to the first type. But doing so will not only limit controversy, but also significantly limit innovation and long-term value creation.\" He advises companies to \"combine their strong culture of quantification and analysis with a willingness to make bold decisions.\"</p><p>It is precisely because of the theme of boldness that 2005 is also the year when Amazon Prime was born. It all started with the idea that a junior software engineer at Amazon came up with to offer customers a \"fast, free shipping buffet\". By 2018, Amazon will become the second largest paid membership program, second only to Netflix. And Amazon Prime is still one of Amazon's most valuable and brand-aware assets at present.</p><p><b>2006: Planting the seeds for new business</b></p><p>Bezos recommends carefully evaluating this checklist before investing in a new business:</p><p>Whether the new opportunity can generate the expected return on capital.</p><p>How large it can grow to.</p><p>Is the service in this market not yet in place?</p><p>Do you have the necessary ability to introduce strong customer-facing differentiation to the market?</p><p>Bezos used the above factors to explain why Amazon has refused to open physical stores so far.</p><p>He said: \"The potential scale of the physical store network is exciting. However, we don't know how to achieve low capital and high returns. Retail in the physical world is a cautious and ancient industry, and the service is already very perfect. We don't have any new ideas to build a physical store so that customers can feel better differentiated.\"</p><p>He added: \"When you see us entering new areas of business, it's because we believe that the above test has been passed.\"</p><p>It wasn't until 2015 that Amazon opened its first physical bookstore. It will then acquire<a href=\"https://laohu8.com/S/WFM\">Whole Foods</a>(Whole Foods), moved into grocery retail and opened an Amazon Go convenience store without cashiers.</p><p><b>2007: \"Missionaries\" make better products</b></p><p>On November 19, 2007, Amazon introduced the Kindle e-reader to the world, redefining the way we consume books.</p><p>Bezos said: \"We have set a long-term vision from the very beginning: no matter which language, as long as it is a published book, users can read it in 60 seconds. We start by setting ourselves obviously bold goals to improve physical books. This goal is not easily chosen. Anything that exists in roughly the same form and has been in conflict with change for 500 years can't be easily improved.\"</p><p>Bezos said that as an inventor, you are either a mercenary or a preacher. The mercenaries are thinking about how to sell things. Missionaries love their products, their customers, and try to provide excellent service. But paradoxically, he said, \"it's often the missionaries who make more money.\" A product like Kindle can only be built with a pure enthusiasm and true belief.</p><p>\"The Kindle is designed for long hours of reading. We hope that the Kindle and its later products will gradually extend the time we can concentrate on reading over a few years, buffering the recent tendency to read bits and pieces of information. I know my tone is like a preacher, and I can assure you that I speak from the heart. This is not my idea alone. There are a lot of people in our company who also have this idea. I'm very happy about that because the dedication of the missionaries can help us build better products. \"</p><p>But Bezos also quickly admitted that innovation won't wait for anyone. So, if you don't execute well enough and fast enough, others will seize the opportunity.</p><p><b>2008: Safeguarding the long-term interests of the company</b></p><p>Bezos wrote: \"Seek instant gratification, or make a promise that is out of reach, and it is likely that you will find that there is already a gang ahead of you.\" Conversely, long-term thinking:</p><p>Play into our existing capabilities.</p><p>Allow us to do something new that we couldn't think about before.</p><p>Failures and iterations needed to support the invention.</p><p>Free us to explore the unknown.</p><p>This year, Amazon bought Audible, which is now the leader in the audiobook market.</p><p><b>2009: Listen to customers and innovate for them</b></p><p>Bezos defines Amazon's basic policy as: \"Start with customers and go back. Listen to customers' opinions, but don't just listen to customers' opinions, but invent for them.\"</p><p>Although he didn't mention the now obvious and infamous rebuttal in his letter, \"If you can't beat them, buy them.\" Zappos, an early shoe e-commerce giant, is an example. After finding it difficult to catch up with the former, Amazon bought it directly.</p><p><b>2010: Inventing new methods</b></p><p>Invention is an essential tool for developing and improving every aspect of the customer experience. \"Although many of our systems are based on the latest achievements of computer science research, this is often not enough: our architects and engineers have to conduct further research in directions that have not been explored academically, and we face many problems that haven't been given solutions in textbooks, so we are happy to invent new solutions,\" Bezos wrote.</p><p>Corporate Milestone: In July 2010, Amazon announced that in the three years since the Kindle launched, e-books have outsold physical books.</p><p><b>2011: The most radical inventions are those that'allow others to pursue their dreams'</b></p><p>\"Even well-meaning gatekeepers can hinder innovation,\" Bezos said, emphasizing the self-serving nature of various Amazon platforms, including Amazon Web Services, Marketplace and Kindle Direct Publishing. \"When the platform is self-serving, even unlikely ideas will be tried, and many of them do work, and society is the beneficiary of this diversity.</p><p><b>2012: Prioritizing customers, not catching up with competitors</b></p><p>Bezos believes that one of the advantages of focusing on customer orientation is that \"it helps with some type of initiative. When we are at our best, we don't have to wait for external pressure. Before we are forced to do it, we are already pushed internally to improve our service, add benefits and functionality. We have lowered prices and added value for customers before we are forced. We invented it before we had to. \"</p><p>He added: \"What motivates these investments is customer orientation rather than a response to competition. We believe that this practice has won more trust from customers and driven rapid improvements in customer experience-importantly-even in those areas where we have become leaders.\"</p><p><b>2013: Separation payments</b></p><p>Amazon pays employees once a year for separation. Although, the title of this offer is \"Please don't accept this invitation\". \"Our goal is to encourage people to take time to think about what they really want. In the long run, if an employee barely stays in the company, it is not only bad for himself, but also bad for the company.\"</p><p>In 2013, Bezos acquired \"<a href=\"https://laohu8.com/S/WPO\">Washington Post</a>The Washington Post.</p><p><b>2014: When you find a fantastic business opportunity, act</b></p><p>Bezos believes that \"fantastic commercial products\" have at least four characteristics:</p><p>1. Customers love it.</p><p>2. It can grow to be very powerful.</p><p>3. It has a high rate of return.</p><p>4. It is possible to last for decades.</p><p>In 2014, Amazon launched Fire TV and launched the first Echo smart speaker for users to choose from.</p><p><b>2015: Big winners pay for numerous experiments</b></p><p>This year, Amazon launched its first and final smartphone, the Fire. The phone proved to be a huge failure, and Bezos talked about the importance of failure.</p><p>\"If there's a 10% chance of getting a 100x return, you should bet every time, which is usually right. But nine times out of ten, you'll still be wrong,\" Bezos wrote.</p><p>With entrepreneurial enthusiasm, he added: \"We want to be a big company that is also inventing machines. We want to combine the extraordinary customer service capabilities that scale gives, with the usual<a href=\"https://laohu8.com/S/V03.SI\">Startups</a>The combination of speed of action, flexibility and risk acceptance mentality. \"</p><p>Amazon also bought video game streaming site Twitch this year. And Echo smart speakers are rolling out just in time for the holiday season.</p><p><b>2016: Always Day 1</b></p><p>\"A'day two 'company is stagnant, followed by irrelevance, followed by a painful recession, and then death,\" Bezos said. What can be done to avoid stepping into day two? You can ask yourself these simple questions:</p><p>Will you keep your customers happy?</p><p>Are you a casualty of agents, or do they serve you? Are you the master of the process, or is the process your master?</p><p>Are world trends in your favor?</p><p>Are you only satisfied with the quality of the decision, or are you also focused on the speed of the decision?</p><p>Bezos details how to make high-quality, high-speed decisions:</p><p>1. What if you are wrong? Some decisions are irreversible and have to be made slowly and thoughtfully. But most decisions are reversible, and it is easy to make route corrections. It is important to determine which is which and not to use a \"one size fits all\" approach.</p><p>2. After you have mastered 70% of the information you want to get, you should be able to make most decisions. If you have to wait until you have mastered 90%, you are slow. If you are good at course correction, the cost of making mistakes will be less than making decisions slowly.</p><p>3. Dare to admonish and obey the overall situation. Bezos explained: \"If you are very sure of a specific direction, even if there is no consensus, it is helpful for you to raise it:\" I know everyone disagrees with this, but are you willing to bet me? Disagree but obey? \"At this point, no one is sure they know the answer, and at this time, you may get everyone's agreement very quickly.\"</p><p>4. \"Sometimes teams have different goals and fundamentally different perspectives. They are inconsistent, and no amount of discussion or meeting can solve this serious misalignment.,\" Bezos wrote. Therefore, it is best to detect the dislocation problem early and pay attention to it immediately.</p><p><b>2017: Yesterday's \"wow\" quickly became today's \"ordinary\"</b></p><p>No matter how much customer requirements and expectations continue to improve, Amazon can always catch up with it more or less. Why is it? According to Bezos, the reason lies in their high standards.</p><p>Bezos believes that setting high standards is taught, infectious, and domain-related, which means that you must learn high standards separately in each area of interest. To achieve high standards:</p><p>1. You have to know what is good.</p><p>2. Your expectations must be realistic, and you must know how difficult it is to achieve your goals or how much effort it takes.</p><p>According to Bezos, identification and scope are the two most important principles for high standards of delivery.</p><p>Leaders relentlessly set high standards that many people would even think are ridiculously high. -Amazon Leadership Principles</p><p>For example, PPT is nothing at all here at Amazon. Instead, their employees here have to write six pages of narrative structured memos and speak them out. According to Bezos,</p><p>Good memos are to be written over and over.</p><p>Also share it with colleagues who are being asked to improve their work.</p><p>Set aside a few days and then re-edit with new ideas.</p><p>Bezos said: \"Poor memos are often not because the authors don't realize what high standards are like, but because they have wrong expectations of scope: they mistakenly think that they can write a high-standard six-page memo in a day or two or even a few hours, but in fact it may take a week or more! They want to make a perfect handstand in just two weeks, but we didn't teach them well.\"</p><p>\"The point is that it just takes to teach them the scope to improve results-let them know that a good memo can take a week or more,\" he said.</p><p>In 2017, Amazon acquired Whole Foods.</p><p><b>2018: The road to success is by no means smooth sailing</b></p><p>Sometimes doing a business is like this. You know where to go, and you can get there efficiently. However, those extremely \"nonlinear\" discoveries may require you to take detours and rely on the guidance of intuition or curiosity. In order to find a way out, it is worthwhile to be a little confused and deviated.</p><p>\"Extra-large'nonlinear 'discoveries require detours.\"</p><p>In 2013, if you went to a customer and said to him, \"Do you want to have a black cylinder in the kitchen, about the size of Pringles, that you could chat with and ask questions while still helping you turn on the lights and play music?\" I guarantee they'll look at you weirdly and say, \"No thanks. No customer wants an Echo,\" Bezos explained.</p><p>\"It was definitely a detour that we took,\" he said.</p><p><b>2019: It's still day one</b></p><p>The letter from Bezos was written in April 2020, when the world was hit hard by the pandemic. Bezos explained Amazon's role in fighting the pandemic, as well as meeting growing demand, as consumers now rely more than ever on Amazon's services to deliver goods to their doors.</p><p>Bezos ended with a quote from Theodor Seuss Geisel, who said, \"When something bad happens, you have three choices: you can let it define you, let it destroy you, or let it make you stronger.\"</p><p>Bezos reiterated, \"Even in this situation, still maintain the day one mentality.\"</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://tech.sina.cn/i/gj/2021-05-07/detail-ikmyaawc3966834.d.html?vt=4\">36氪</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/9666a5b83e36990bd4e534d3ea5b2003","relate_stocks":{"AMZN":"亚马逊","QNETCN":"纳斯达克中美互联网老虎指数"},"source_url":"https://tech.sina.cn/i/gj/2021-05-07/detail-ikmyaawc3966834.d.html?vt=4","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2133050027","content_text":"编者按：一家企业的致股东的信往往能反映这个企业及领导者的价值观和理念。在所有致股东的信中，研究最多的是巴菲特致股东的信。除此之外，亚马逊作为一个伟大的互联网零售企业，其领导者贝索斯致股东的信也值得深入研究。本文回顾了23年来贝索斯致股东的信，浓缩了信中的精华部分，与君分享。本文译自Medium，作者Sumit Grrg，原标题为\" Read 23 Years Worth of Jeff Bezos’ Amazon Shareholder Letters — Here’s What I Learned\"，希望对您有所启发。\n2019年10月22日，杰夫·贝索斯在华盛顿特区接受2019年国际宇航联合会卓越工业奖后发表讲话。图片:MANDEL NGAN/AFP/Getty Images\n在90年代初期，很少有人听说过互联网。杰夫·贝索斯(Jeff Bezos)恰好是听过互联网概念的人之一。\n贝索斯看到，互联网以每年2300%的速度增长，他决定要想出一个商业创意来驾驭这股浪潮。他列了一个网上销售产品的清单，很快就锁定了书籍。\n贝索斯最初将他的网上书店命名为Cadabra。但仅仅过了三个月，他就把名字改成了亚马逊（Amazon），以地球上最大的河流命名，自然也是地球上最多人的选择。虽然这家公司到今天也算名副其实，但它走了很长一段路才走到今天。在创业初期，贝索斯开了50多次会才从投资者那里筹集到100万美元，在这些会议中，最常见的问题是，“什么是互联网？”\n如今，亚马逊的市值接近1.7万亿美元。最近刚刚被埃隆·马斯克(Elon Musk)超越的杰夫·贝索斯，连续三年蝉联全球富豪榜榜首。\n但对于贝索斯来说，“世界首富”的头衔并没有那么有价值，因为他更喜欢被称为发明家或企业家。他是对的。这位即将卸任的亚马逊首席执行官是世界上最优秀的企业家之一。杰夫·贝索斯永远地改变了我们的购物方式，改变(并颠覆)了多个行业。\n在过去的几年里，我反复阅读了这23年来贝索斯的每一封致亚马逊股东公开信。这些信件除了为我们提供了亚马逊的简史之外，还让我们深入了解了这家庞大互联网企业背后的幕后操盘者。\n以下是这些信件中的关键要点总结。\n1997年：追求长期的领导力，而不是短期的获利能力\n通过在网上卖书，亚马逊发现了一个独特的机会，并开始为顾客提供比实体店多得多的图书选择，“而且是在一年365天一天24小时不打烊的书店里面，用一种有用的，易于搜索且易于浏览的格式呈现给顾客。”\n亚马逊于1997年上市，不久之后贝索斯就写了他的第一封致股东信，这封信真实地反映了他现在著名的第一天心态(Day-1心态)——这是一个被创业界广泛采用的原则，即要像一开始的日子那样，始终对企业保持最初的狂热和激情。\n“网络曾经是，现在仍然是，全世界的等待。”\n贝索斯的目标是长远，他在做决定和权衡取舍时的方式与其他大多数商业领袖不同：\n对客户的持续关注。\n优先考虑增长(规模)、长期市场领导地位和长期盈利能力，而不是短期盈利能力。亚马逊希望在众多大型进入者以及来自图书销售巨头Barnes & Noble等公司的激烈竞争中巩固其市场领导地位。\n雇佣并留住人才，薪酬结构偏重股票期权而不是现金，用“利益绑定风险共担”来让他们就必须像主人翁一样去思考与行动。\n就像一个真正的梦想家，贝索斯从一开始就有先见之明：“今天，电子商务为顾客节省了金钱和时间。明天，通过个性化，它将加速发现的整个过程。”\n1998：招聘时要考虑的3条标准\n贝索斯表示，在招聘时设置高门槛是亚马逊成功的最重要因素。在招聘会议上，他建议经理们考虑以下三个问题:\n1.  你会欣赏这个人吗？你敬佩的人是你可以向他学习的人。\n2.  这个人会提高团队的平均效率水平吗？门槛必须越来越高。\n3.  这个人在多大程度上有可能成为超级明星？大多数人都具备可以为其他所有人充实工作环境的独特的技能。\n1999年：今天已经足够好了，但它还可以变得更好\n“目前的网上购物体验是最糟糕的。现在它已经足够吸引1700万用户了，但它还会变得更好。”贝索斯着眼于长期的成功和商业统治地位，他决心在亚马逊建立一种永不安定的文化。\n在1998年将打折音乐加入其在线零售产品之后，亚马逊在1999年采取了一系列重大举措，其中包括引入支持第三方卖家的交易平台zShops（也就是现在的Marketplace），以及彻底改变了电子商务结帐方式的“一键式”付款解决方案。\n2000年：一家想要作为重量级的公司\n贝索斯今年的信以一个词开头：“哎呦。”\n尽管亚马逊是在互联网泡沫破灭后幸存下来的少数几家互联网公司之一，但其股价却从互联网泡沫顶峰时的116美元暴跌至6美元。\n为了解释股市崩盘带来的动荡，贝索斯借用了投资者本杰明·格雷厄姆(Benjamin Graham)的话，格雷厄姆曾说：“短期内，股市是一台投票机，从长远来看，它是一台称量机。”\n而亚马逊，正如贝索斯在给股东的信中所说，是一家“希望被称重的公司”。\n在另一封信中，他补充道：“我们不会像庆祝卓越的客户体验那样庆祝股价上涨10%。股价上涨10%不能让我们的智慧提高10％，反之，当股价下跌时，我们也不会愚蠢10%。我们想要被称重，我们一直在努力打造一个更重的公司。”\n2001年：从根源上消除错误\n贝索斯推出了“看书”(Look Inside the Book)等功能，这是一个免费程序，允许作者和出版商推广他们的书籍。贝索斯强调了亚马逊的努力，即永远改善客户体验，同时鼓励商家和小企业在其生态系统中蓬勃发展。\n贝索斯补充说：“我们为提高顾客的便利性和体验所做的最重要的事情之一，恰好也是可变成本生产率的巨大驱动力：从根本上消除错误和失误。”因为当你实施根除计划时，你解决的不只是一个客户的问题，而且也在为每一位客户解决问题。贝索斯说：“消除错误的根源可为我们节省金钱，并为客户节省客户时间。”\n2002年：对客户有利的，就是对股东有利的\n例如贝索斯坚持不断降低价格，以击败竞争对手，赢得顾客。从长远来看，销售额的增加反过来又会推动利润的增长，这对股东来说是最好的。\n2003年：长期投资，做真正的主人\n“我认识一对夫妇，他们把房子租了出去，搬进来的那一家人把圣诞树钉在了硬木地板上，而不是用树架。我想这是权宜之计，诚然，这些房客非常糟糕，但没有哪个业主会如此目光短浅。业主和租户是不同的。而长期思维既是真正主人的必要条件，也是其结果。\n贝索斯补充道：“同样，许多投资者实际上都是短期租户，他们的投资组合转换得非常之快，实际上只是租用他们暂时持有的股票。”贝索斯再次指出，他的商业理由是保持对长期愿景的乐观。\n2003年，在贝索斯家里举行的一次高管务虚会上，云计算业务Amazon Web Services（AWS）的种子开始种下。这项业务一开始是为了帮助亚马逊解决自己的问题而发明的，但情况很快变得很明显，每一家公司都想要它。现如今，AWS已经统治了公有云市场，成为该公司最大的利润来源。几年后，在点评AWS的成功时，贝索斯谈到了这个自己心目当中的商业奇迹：“整整七年我们都没有遇到有相似看法的竞争对手。作为先驱，如果幸运的话，你大概能获得两年的领先优势。但没有人能够获得长达7年的领先优势，这简直令人难以置信。”\n2004年：现金为王\n“现金流最能解释一家公司的长期股价。亚马逊有一个现金产生的运营周期，因为它周转迅速，在付款给供应商之前就能从客户那里收取款项。”\n自由现金流是亚马逊在低利润的情况下不断壮大的原因，年复一年。为了便于理解，以下是Vox的一段摘录，解释了“微利”是如何随着时间的推移而产生复利效应的：\n“自由现金流跟利润有点像，只是它不假定亚马逊必须在卖东西的同一时间范围内支付一切费用。而且由于亚马逊的付款周期的机制，公司往往在必须支付卖出的东西的费用之前很久就能收到卖出东西的钱。比方说，沃尔玛在向供应商付款后平均要用三天时间才能收到货款，而亚马逊在收到货款平均18天后才向供应商付款。”\n2005年：敢于做出大胆决定\n贝索斯提出了两种企业必须经常面对的决策：\n1.  基于数学的决策：可以用数据做出的决策，其中“有一个正确答案或错误答案，一个更好的答案或一个更坏的答案，数学会告诉我们哪个是哪个。这些决定仍然需要我们做出一些假设和判断，但最繁重的工作是由数学完成的。”\n2.  基于判断的决策：“虽然数据、分析和数学都起着作用，但这些决定的主要因素是判断。这种情况下几乎没有历史数据可以指导我们，而前瞻性的试验要么不可能，要么不切实际或者跟要做决定无异。”\n贝索斯认为，“任何不愿忍受争议的机构都必须把自己的决策限制在第一种类型。但这样做不仅会限制争议，还会显著限制创新和长期价值创造。”他建议企业“将其强大的量化和分析文化与大胆决策的意愿结合起来。”\n正是因为秉承了大胆这个主题，2005年也是Amazon Prime诞生之年。这一切都始于亚马逊的一名初级软件工程师提出的想法，为客户提供“快速、免费送货的自助餐”。到2018年时，亚马逊将成为第二大的付费会员计划，仅次于Netflix。而且Amazon Prime仍然是亚马逊目前最有价值，品牌知名度最高的资产之一。\n2006年：为新业务播下种子\n贝索斯建议，在对新业务进行投资之前，请先仔细评估一下这份检查清单：\n新的机会是否可以产生预期的资本回报。\n它可以发展到多大的规模。\n这个市场现在是不是服务还不到位。\n你是不是具备必要的能力把强大的面向客户的差异化引入到市场。\n贝索斯利用上述因素解释了为什么亚马逊到目前为止拒绝开设实体店。\n他说：“实体店网络的潜在规模令人兴奋。然而，我们不知道如何做到低资本和高回报。实体世界的零售是一个谨慎而古老的行业，服务已经非常完善，我们没有任何新想法来建立一个实体的商店，让客户感受到更好的差异化。”\n他补充道：“当你看到我们进入新的业务领域时，那是因为我们相信上述测试已经通过了。”\n直到2015年，亚马逊才开设自己的第一家实体书店。然后它将收购全食超市（Whole Foods），进军食品杂货零售领域，并开设没有收银员的Amazon Go便利店。\n2007年：“传教士”能制造出更好的产品\n2007年11月19日，亚马逊向世界推出了Kindle电子阅读器，重新定义了我们消费书籍的方式。\n贝索斯说：“我们从一开始就设定了长期愿景：无论哪种语言，只要是出版过的书，用户都能在60秒中读到。我们从给自己设定显然十分大胆的目标开始，去改进实体书。这个目标不是轻易选择出来的。任何以大致相同的形式存在，并且抵触改变已经有500年时间的事物，都不可能轻易就得到改善的。”\n贝索斯说，作为一个发明家，你要么是一个雇佣军，要么是一个传教士。雇佣军就想着怎么把东西卖掉。传教士却热爱自己的产品，自己的客户，并设法做出优质的服务。他说，但自相矛盾的是，“赚更多钱的往往是传教士。” 类似Kindle这样的产品唯有凭借着一股纯粹热情，自己真正相信，才能打造得出。\n“Kindle是专为长时间阅读而设计的。我们希望Kindle和其之后的产品能用几年的时间，逐渐地延长我们能专心阅读的时间，对最近盛行的阅读零碎信息的倾向有所缓冲。我知道我的语气像个传教士，我可以向您保证我是发自内心的。这并不是我一个人的想法，我们公司有一大帮人也有这想法。对此我很高兴，因为传教士的那种执着精神能帮助我们打造出更好的产品”\n不过贝索斯也很快承认，创新不会等待任何人。所以，如果你执行得不够好不够快的话，别人就会抓住机会。\n2008年：维护公司的长远利益\n贝索斯写道：“寻求即时的满足，或做出遥不可及的承诺，很可能你会发现已经有一帮人在前面了。”反过来，长期思维则：\n发挥我们现有的能力。\n允许我们做一些之前无法思考的新事情。\n支持发明所需的失败和迭代。\n解放我们去探索未知的空间。\n今年，亚马逊收购了Audible，后者现在是有声读物市场的领导者。\n2009年：倾听客户的心声，同时替他们去创新\n贝索斯对亚马逊的基本方针的定义是：“从客户开始，向后退。倾听顾客的意见，但不要只听顾客的意见，还要替他们去发明。”\n尽管他在信中并没有提到那句现在已显而易见，而且臭名昭著的反驳，“如果你没法打败它们，那就收购对方。”早期鞋类电商巨头Zappos就是例子。发现自己很难赶上前者之后，亚马逊直接就把它给收购了。\n2010年：发明新方法\n发明是发展和改善客户体验各个方面的基本工具。“虽然我们的许多系统都是基于计算机科学研究的最新成果，但这往往还不够：我们的构架师和工程师不得不在学术上还没探讨的方向进行进一步研究，我们面对很多问题在教科书上还没有给出解决方案，所以我们很高兴去发明新办法，”贝索斯写道。\n企业里程碑：2010年7月，亚马逊宣布，Kindle推出三年来，电子书的销量已经超过了实体书。\n2011年：最激进的发明是那些“能让别人追求自己梦想”的发明\n贝索斯说道：“就算是善意的看门人也会阻碍创新。”他强调了包括Amazon Web Services，Marketplace以及Kindle Direct Publishing在内的各种Amazon平台的自服务性。“当平台是自服务时，哪怕是不大可能的想法也会有人尝试，而且其中的很多想法确实是行得通的，而社会就是这种多样性的受益者。\n2012年：优先考虑客户，而不是追赶竞争对手\n贝索斯认为，聚焦于客户导向的优势之一是“这有助于某种类型的主动性。当我们处在最佳状态时，我们就不必等待外部施加压力。在我们被迫去做之前，内部就已经推动我们要改善服务，增加好处和功能了。我们在被迫之前就已经替客户降低价格和增加价值了。在不得不这样做之前我们就先发明了。”\n他补充道：“激励这些投资的是以顾客为导向而不是对竞争的反应。我们认为，这种做法赢得了客户更多的信任，并推动了客户体验的快速改善——重要的是——甚至在那些我们已经成为领导者的领域也是如此。”\n2013年：离职金\n亚马逊每年向员工支付一次离职费用。尽管，这个offer的标题是“请不要接受这个邀请”。“我们的目标是鼓励人们花点时间想想自己真正想要的是什么。从长期来看，如果员工勉强留在公司，不仅对他自己不好，对公司同样不利。”\n2013年，贝索斯以2.5亿美元现金从格雷厄姆家族手中收购了《华盛顿邮报》(The Washington Post)。\n2014年：当你找到一个梦幻的商机时，行动起来\n贝索斯认为，“梦幻般的商业产品”至少有四个特点：\n1.  客户喜欢它。\n2.  它可以发展到非常强大。\n3.  它的回报率很高。\n4.  有可能持续几十年。\n2014年，亚马逊推出了Fire TV，并推出了首款Echo智能音箱供用户选择。\n2015年：大赢家为众多实验买单\n今年，亚马逊推出了第一款也是最后一款智能手机Fire。这款手机被证明是一个巨大的失败，贝索斯谈到了失败的重要性。\n“如果有10%的机会获得100倍的回报，你应该每次都下注，这通常是对的。但十有八九你还是会错。”贝索斯写道。\n带着企业家的热情，他补充道：“我们希望成为一家同时也是发明机器的大公司。我们希望将规模所赋予的非凡客户服务能力，与通常创业公司才有的行动速度、灵活性和风险接受心态结合起来。”\n亚马逊今年还收购了视频游戏流媒体网站Twitch。而Echo智能音箱也正好赶在假日季之前全线铺开。\n2016：永远是第一天\n贝索斯说:“‘第二天’的公司是停滞的，会紧接着变得无关紧要，随后是痛苦的衰退，然后就是死亡。”怎么才能避免步入第二天？可以自问一下这几个简单的问题：\n你会让顾客满意吗？\n你是代理的牺牲品，还是它们为你服务？你是流程的主人，还是流程是你的主人？\n世界潮流对你有利吗？\n你只满足于决策的质量，还是也关注决策的速度？\n贝索斯详述了如何做出高质量、高速度的决策：\n1.如果你错了怎么办？有些决定是不可逆的，得慢慢地，深思熟虑地做决定。但是大多数的决策都是可逆的，是很容易做路线修正的。重要的是要确定哪个是哪个，而不要用“一刀切”的方法。\n2.在掌握了你希望获得的信息的70%之后，应该就可以做出大多数的决定了。如果你非要等到掌握了90％，那你就慢了。如果你擅长路线修正，那犯错的代价会比决策慢要小。\n3.敢于谏言，服从大局。贝索斯解释说：“如果你对特定方向十分确信，就算没有共识，你提出来也是有帮助的：“我知道大家都不同意这一点，但你们愿意跟我打赌吗？不同意但是服从？” 到了这个时候，没人敢肯定自己知道答案，这时候你可能很快就能得到大家的同意。”\n4.  “有时候团队有不同的目标和根本不同的观点。他们不一致，再多的讨论、再多的会议也无法解决这种严重的错位。,”贝索斯写道。因此，最好及早发现错位问题，并立即重视起来。\n2017：昨天的“哇”很快变成了今天的“平凡”\n不管客户要求和期望再怎么的不断提高，亚马逊总能多多少少赶在前头。为什么呢？按照贝索斯的说法，原因在于他们的高标准。\n贝索斯认为，设定高标准是可传授的，会感染的，而且是领域相关的，这意味着你必须在每个感兴趣的领域分别去学习高标准。要想达到高标准：\n1.  你必须知道什么是好的。\n2.  你的期望必须具有现实性，对实现目标的难度，或者需要付出多少努力要心中有数。\n根据贝索斯的说法，识别和范围是高标准交付的两个最重要的原则。\n领导者不懈制定高标准，甚至很多人会认为这些标准高得离谱。——亚马逊领导力原则\n比方说，PPT在亚马逊这里根本就不算什么。相反，他们这里的员工得写6页纸叙述性结构化的备忘录，还得讲出来。根据贝索斯的说法，\n好的备忘录要一遍又一遍地写。\n还要与被要求改进工作的同事分享。\n留出几天时间，然后以新的思路重新编辑。\n贝索斯说：“备忘录写得不好往往不是作者认识不到高标准是什么样的，而是对范围有着错误的期望：他们错误地认为一两天甚至几个小时就能写出高标准的六页纸备忘录，但其实这可能要花费一周或更长时间！他们想在短短两周内就做出完美倒立，而我们没有教好他们。”\n他说：“关键是，只需要把范围教给他们就可以改善结果了——让他们知道，一份好的备忘录可能需要一周或更长时间。”\n2017年，亚马逊收购了全食超市。\n2018年：通往成功的道路绝不是一帆风顺\n做企业有时候是这样的，你知道要去哪里，而且也可以很高效地去到那里。但是，那些特大的“非线性”的发现，却可能需要你走走弯路，要靠直觉或好奇心的引导，为了找到出路，有点乱有点跑偏也是值得的。\n“特大的‘非线性’发现需要走走弯路。”\n2013年，如果你去找一位顾客，对他说：“你想不想在厨房里放一个黑色圆筒，大小和品客薯片(Pringles)差不多，你可以一边跟它聊天，一边问问题，同时还能帮你打开灯，播放音乐？”我保证他们会奇怪地看着你然后说，“不，谢谢。”没有顾客想要Echo，”贝索斯解释说。\n“这绝对是我们走的弯路，”他说。\n2019年：现在仍是第一天\n贝索斯的这封信写于2020年4月，当时全球正遭受疫情的严重打击。贝索斯解释了亚马逊在抗击疫情以及满足日益增长的需求方面的作用，因为现在消费者比以往任何时候都更依赖亚马逊的服务，将商品送货上门。\n贝索斯以西奥多·苏斯·盖泽尔(Theodor Seuss Geisel)的一句话作为结尾，他说：“当不好的事情发生时，你有三种选择：你可以让它定义你，让它摧毁你，或者让它使你变得更强。”\n贝索斯重申，“即使在这种情况下，仍然要保持第一天心态。”","news_type":1,"symbols_score_info":{"AMZN":0.9,"QNETCN":0.9}},"isVote":1,"tweetType":1,"viewCount":3152,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":108065967,"gmtCreate":1619963009459,"gmtModify":1704336812873,"author":{"id":"3573373078542650","authorId":"3573373078542650","name":"KeithHan","avatar":"https://static.tigerbbs.com/499148728d0c775136a5099e0d8769c0","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573373078542650","idStr":"3573373078542650"},"themes":[],"htmlText":"? ? ? ? ? ?&nbsp;","listText":"? ? ? ? ? ?&nbsp;","text":"? ? ? ? ? ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/108065967","repostId":"1117138743","repostType":4,"repost":{"id":"1117138743","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":1619953637,"share":"https://ttm.financial/m/news/1117138743?lang=en_US&edition=fundamental","pubTime":"2021-05-02 19:07","market":"us","language":"zh","title":"JD Logistics has submitted a post-hearing information set to the Hong Kong Stock Exchange in relation to the proposed spin-off","url":"https://stock-news.laohu8.com/highlight/detail?id=1117138743","media":"老虎资讯综合","summary":"京东集团在港交所公告称，董事会欣然宣布，其接获京东物流通知，京东物流已就拟议分拆向香港联交所递交聆讯后资料集。","content":"<p><a href=\"https://laohu8.com/S/JD\">JD.com</a>The group announced on the Hong Kong Stock Exchange that the board of directors is pleased to announce that it has received a notice from JD Logistics that JD Logistics has submitted a post-hearing information set to the Hong Kong Stock Exchange on the proposed spin-off.</p><p><img src=\"https://static.tigerbbs.com/74128ba8dc013999c7633603bacff800\" tg-width=\"1080\" tg-height=\"1920\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>JD Logistics has submitted a post-hearing information set to the Hong Kong Stock Exchange in relation to the proposed spin-off</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJD Logistics has submitted a post-hearing information set to the Hong Kong Stock Exchange in relation to the proposed spin-off\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-05-02 19:07</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><a href=\"https://laohu8.com/S/JD\">JD.com</a>The group announced on the Hong Kong Stock Exchange that the board of directors is pleased to announce that it has received a notice from JD Logistics that JD Logistics has submitted a post-hearing information set to the Hong Kong Stock Exchange on the proposed spin-off.</p><p><img src=\"https://static.tigerbbs.com/74128ba8dc013999c7633603bacff800\" tg-width=\"1080\" tg-height=\"1920\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/25e108e80ab0d5329f36d3b166f67111","relate_stocks":{"JD":"京东","09618":"京东集团-SW","QNETCN":"纳斯达克中美互联网老虎指数"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1117138743","content_text":"京东集团在港交所公告称，董事会欣然宣布，其接获京东物流通知，京东物流已就拟议分拆向香港联交所递交聆讯后资料集。","news_type":1,"symbols_score_info":{"QNETCN":0.9,"09618":0.9,"JD":0.9}},"isVote":1,"tweetType":1,"viewCount":3093,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":374231092,"gmtCreate":1619447562416,"gmtModify":1704724076507,"author":{"id":"3573373078542650","authorId":"3573373078542650","name":"KeithHan","avatar":"https://static.tigerbbs.com/499148728d0c775136a5099e0d8769c0","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573373078542650","idStr":"3573373078542650"},"themes":[],"htmlText":"? ? ? ?&nbsp;","listText":"? ? ? ?&nbsp;","text":"? ? ? ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/374231092","repostId":"1112124246","repostType":4,"repost":{"id":"1112124246","kind":"news","pubTimestamp":1619446921,"share":"https://ttm.financial/m/news/1112124246?lang=en_US&edition=fundamental","pubTime":"2021-04-26 22:22","market":"fut","language":"zh","title":"Copper prices surge to highest level in a decade, nonferrous metals sector moves higher","url":"https://stock-news.laohu8.com/highlight/detail?id=1112124246","media":"智通财经","summary":"高盛将未来12个月铜目标价提高到1.1万美元/吨。","content":"<p>On April 26 (Monday), the non-ferrous metal sector rose during the session. As of press time,<a href=\"https://laohu8.com/S/FCX\">McMoRan copper-gold</a>Up more than 6%,<a href=\"https://laohu8.com/S/AA\">Alcoa</a>Up more than 5%,<a href=\"https://laohu8.com/S/TRQ\">Turquoise Hill Resources</a>It rose more than 4%, and Albemarle Company of the United States rose more than 3%.</p><p><img src=\"https://static.tigerbbs.com/4747a8a90284928bc8ab8f9768b760f4\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>Previously, global copper prices soared to the highest level in a decade, and Lun copper once rose to US $9,700/ton. Includes<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>Institutions and other institutions believe that considering the important role of copper in the green energy transition, the climate goals of various countries will make this round of copper price rebound the beginning of a longer-dimensional copper price rise.</p><p>Goldman Sachs raised its copper target price for the next 12 months to US $11,000/ton, an increase of US $500 from its 12-month copper target price reiterated two weeks ago, an increase of nearly 4.8%.</p>","source":"highlight_zhitongcaijin","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>Copper prices surge to highest level in a decade, nonferrous metals sector moves higher</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\">\nCopper prices surge to highest level in a decade, nonferrous metals sector moves higher\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\">2021-04-26 22:22</span>\n</p>\n</h4>\n</header>\n<article>\n<p>On April 26 (Monday), the non-ferrous metal sector rose during the session. As of press time,<a href=\"https://laohu8.com/S/FCX\">McMoRan copper-gold</a>Up more than 6%,<a href=\"https://laohu8.com/S/AA\">Alcoa</a>Up more than 5%,<a href=\"https://laohu8.com/S/TRQ\">Turquoise Hill Resources</a>It rose more than 4%, and Albemarle Company of the United States rose more than 3%.</p><p><img src=\"https://static.tigerbbs.com/4747a8a90284928bc8ab8f9768b760f4\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>Previously, global copper prices soared to the highest level in a decade, and Lun copper once rose to US $9,700/ton. Includes<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>Institutions and other institutions believe that considering the important role of copper in the green energy transition, the climate goals of various countries will make this round of copper price rebound the beginning of a longer-dimensional copper price rise.</p><p>Goldman Sachs raised its copper target price for the next 12 months to US $11,000/ton, an increase of US $500 from its 12-month copper target price reiterated two weeks ago, an increase of nearly 4.8%.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://www.zhitongcaijing.com/content/detail/458639.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/eeb9a4d452d8568bcc6a2558535ad160","relate_stocks":{"FCX":"麦克莫兰铜金","AA":"美国铝业"},"source_url":"https://www.zhitongcaijing.com/content/detail/458639.html","is_english":false,"share_image_url":"https://static.laohu8.com/6ca2dcdccfa2217fb20a0351f4efe814","article_id":"1112124246","content_text":"4月26日(周一)，有色金属板块盘中走高，截至发稿，麦克莫兰铜金涨超6%，美国铝业涨超5%，Turquoise Hill Resources涨超4%，美国雅宝公司涨超3%。此前全球铜价飙升至十年来的最高水平，伦铜一度升至9700美元/吨。包括高盛等机构认为，考虑到铜在绿色能源转型中的重要作用，各国的气候目标将使本轮铜价反弹成为更长维度铜价上涨的开始。高盛将未来12个月铜目标价提高到1.1万美元/吨，较两周前其重申的12个月铜目标价上调500美元，升幅将近4.8%。","news_type":1,"symbols_score_info":{"TRQ":0.9,"AA":0.9,"FCX":0.9}},"isVote":1,"tweetType":1,"viewCount":1606,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":372856465,"gmtCreate":1619193208057,"gmtModify":1704721142874,"author":{"id":"3573373078542650","authorId":"3573373078542650","name":"KeithHan","avatar":"https://static.tigerbbs.com/499148728d0c775136a5099e0d8769c0","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573373078542650","idStr":"3573373078542650"},"themes":[],"htmlText":"? ? ? ? ? ?&nbsp;","listText":"? ? ? ? ? ?&nbsp;","text":"? ? ? ? ? ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/372856465","repostId":"2129035903","repostType":4,"repost":{"id":"2129035903","kind":"news","weMediaInfo":{"introduction":"全球第五大财经门户网站Investing.com中国官方微信，提供全球各国海量金融资讯和实时行情数据，包括股票股指、外汇、期货、基金、债券、加密货币等。关注全球金融市场动态的投资者千万不可错过。","home_visible":1,"media_name":"英为财情Investing","id":"92","head_image":"https://static.tigerbbs.com/406e2b4996e14cd8a66a2a6864ef4313"},"pubTimestamp":1619191931,"share":"https://ttm.financial/m/news/2129035903?lang=en_US&edition=fundamental","pubTime":"2021-04-23 23:32","market":"us","language":"zh","title":"The two K12 giants have released financial reports successively. Who has a \"good future\"?","url":"https://stock-news.laohu8.com/highlight/detail?id=2129035903","media":"英为财情Investing","summary":"中国两大教育巨头近日前后脚公布了最新的财报数据，在经历了股价波动性较高的一季度以后，这两家公司的财报受到了投资者的密切关注。\n根据行情数据显示，和在美股上市的股票价格今年以来已经双双累计跌逾12%，这","content":"<p>China's two major education giants recently released their latest financial report data. After experiencing a first quarter with high stock price volatility, the financial reports of these two companies have received close attention from investors.</p><p>According to market data, the prices of stocks listed on the US stock market and the US stock market have both fallen by more than 12% this year, which is not only significantly weaker than the trend of the US stock market, but also not in line with the trend of vigorous economic recovery in the \"post-epidemic\" era.</p><p>The weakness of Zhonggai Education Stocks can be traced back to January this year. At that time, the website of the Central Commission for Discipline Inspection and the State Supervision Commission issued a document pointing out the various problems existing in online education. There are also media sources that after-school counseling institutions have been raided by relevant regulatory authorities. At that time<a href=\"https://laohu8.com/S/EDU\">New Oriental</a>Noncommittal on the news.</p><p>In the following months, online education was frequently named by relevant departments and official media, and the issue of how to regulate the education and training industry also triggered heated discussions in the society. Chen Baosheng, Minister of Education, recently said that this year, efforts should be made to rectify off-campus training institutions. On March 31, Lu Yugang, director of the Department of Basic Education of the Ministry of Education, said at the press conference of the State Council Information Office that this year, the Ministry of Education has listed the governance of training institutions as a key task and further strengthened the governance of off-campus training institutions. With the successive introduction of regulatory policies, 2021 is also regarded as a transformative year for the education and training industry.</p><p>Under the strict regulatory environment, Wall Street has also turned to,<a href=\"https://laohu8.com/S/C\">Citigroup</a>Of analysts will<a href=\"https://laohu8.com/S/TAL\">TAL</a>The target price was lowered by $20; And<a href=\"https://laohu8.com/S/JEF\">Jefferies</a>Analysts believe that the impact of regulation on leading companies will not be too great. However, the investment bank also said that in the current situation of a lot of news, investors chose to \"vote with their feet\" and sell stocks first, which is a common way for Wall Street investors to deal with negative news of international stocks.</p><p><b>1、</b>TAL</p><p>According to the latest data released by TAL, the company's revenue in the Q4 quarter of fiscal year 2021 was US $1.36 billion, a year-on-year increase of 59%, which was better than the company's guidance expected to be between US $1.175 and US $1.2 billion announced in Q3. The company achieved revenue of approximately 4.5 billion for the whole year. U.S. dollars, a year-on-year increase of 37.3%. However, its losses also enlarged. The net loss in the fourth quarter was US $169 million, an increase of 87.56% from the net loss of US $90 million in the same period last year, and the net loss for the whole year was US $116.0 million.</p><p>It should be noted that TAL's losses have increased, mainly due to the substantial increase in marketing expenses brought about by the online education war. Recently, the competition among major online education institutions has become increasingly fierce, the company's advertising investment has further surged, and the overall marketing expenses have soared sharply. Specifically, the company's Q4 sales expenses reached US $660 million, a year-on-year increase of 172%; The annual sales expenses were 1.68 billion yuan, a year-on-year increase of 37.4%.</p><p>Although it is backed by the strict regulatory environment, and the problem of a large number of advertisements before the winter vacation has attracted the attention of the regulatory authorities, the company's online courses in Q4 achieved revenue of approximately US $440 million, a year-on-year increase of 115%, accounting for 32% from 24% in the same period last year.%, the number of participants in long-term regular-priced courses increased by 71% year-on-year to 3.5 million, and the ASP of regular-priced courses increased by 9% year-on-year.</p><p>According to the market data of Investing.com, at the beginning of TAL's financial report, the market gave the stock a relatively positive reaction (up about 6% before the market), but then the stock price fell back and finally closed down 2.16%.</p><p>Market analysts believe that under the severe pressure of entering a higher school in China, the company still has huge opportunities in the extracurricular tutoring market. Although the competition is fierce, under the background of stricter supervision, the competition will become calmer, and its management of marketing expenses is also expected to improve. The company's market outlook is more rational in terms of online expansion. And its cash flow is still as high as $5.938 billion.</p><p>TAL expects that in Q1 of fiscal year 2022 (the three months ending May 31, 2021), its revenue will increase by 43%-45% year-on-year to between US $1.3022 billion and US $1.3205 billion.</p><p><b>2、</b>New Oriental</p><p>Earlier this week, New Oriental, TAL's number one competitor, also released its financial report. Data show that in the third quarter of fiscal year 2021, New Oriental's net income exceeded US $1.19 billion, a year-on-year increase of 29%. In addition, Q3.151 billion US dollars, a year-on-year increase of 9.9%. Profit per ADS was US $0.09, unchanged from US $0.09 in the same period last year, and the market expected US $0.06.</p><p>Like TAL, in the face of a fierce competitive environment, the company's business expansion has also led to an increase in costs. Data shows that in Q3 of fiscal year 2021, New Oriental continued to expand the coverage of the OMO system, investing US $59 million in existing cities and surrounding areas. Trial OMO online courses in 25 new satellite cities. (OMO strategy refers to the Online-Merge-Offline model, which aims to deeply integrate online and offline channels. It is considered a business model with greater market efficiency improvement after O2O.)</p><p>In the third quarter of fiscal year 2021, New Oriental's operating costs and expenses were US $1.089 billion, a year-on-year increase of 35.1%; Cost of revenue was US $529.5 million, a year-on-year increase of 35.3%; Sales and marketing expenses were US $156.1 million, a year-on-year increase of 32.0%; General and administrative expenses were US $393.4 million, a year-on-year increase of 36.1%. However, the increase in costs has also suppressed the company's profit margins.</p><p>However, New Oriental is still profitable, which also makes Wall Street investors more \"tolerant\" of it. On the day of the financial report, the company's stock price closed up more than 6.4%.</p><p>Analysts believe that with China's better control of the epidemic, offline education has also picked up, and the two educational methods can complement each other, which can help established educational institutions like New Oriental seize more markets and resources. However, it is undeniable that in the fierce competitive environment, the erosion of the stock's market share by other industry participants cannot be ignored.</p><p>New Oriental predicts that in Q4 of fiscal year 2021 (three months ending May 31, 2021), its revenue will increase by 38%-43% year-on-year to between US $1.1019 billion and US $1.1418 billion.</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 two K12 giants have released financial reports successively. Who has a \"good future\"?</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 two K12 giants have released financial reports successively. Who has a \"good future\"?\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/92\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/406e2b4996e14cd8a66a2a6864ef4313);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">英为财情Investing </p>\n<p class=\"h-time smaller\">2021-04-23 23:32</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>China's two major education giants recently released their latest financial report data. After experiencing a first quarter with high stock price volatility, the financial reports of these two companies have received close attention from investors.</p><p>According to market data, the prices of stocks listed on the US stock market and the US stock market have both fallen by more than 12% this year, which is not only significantly weaker than the trend of the US stock market, but also not in line with the trend of vigorous economic recovery in the \"post-epidemic\" era.</p><p>The weakness of Zhonggai Education Stocks can be traced back to January this year. At that time, the website of the Central Commission for Discipline Inspection and the State Supervision Commission issued a document pointing out the various problems existing in online education. There are also media sources that after-school counseling institutions have been raided by relevant regulatory authorities. At that time<a href=\"https://laohu8.com/S/EDU\">New Oriental</a>Noncommittal on the news.</p><p>In the following months, online education was frequently named by relevant departments and official media, and the issue of how to regulate the education and training industry also triggered heated discussions in the society. Chen Baosheng, Minister of Education, recently said that this year, efforts should be made to rectify off-campus training institutions. On March 31, Lu Yugang, director of the Department of Basic Education of the Ministry of Education, said at the press conference of the State Council Information Office that this year, the Ministry of Education has listed the governance of training institutions as a key task and further strengthened the governance of off-campus training institutions. With the successive introduction of regulatory policies, 2021 is also regarded as a transformative year for the education and training industry.</p><p>Under the strict regulatory environment, Wall Street has also turned to,<a href=\"https://laohu8.com/S/C\">Citigroup</a>Of analysts will<a href=\"https://laohu8.com/S/TAL\">TAL</a>The target price was lowered by $20; And<a href=\"https://laohu8.com/S/JEF\">Jefferies</a>Analysts believe that the impact of regulation on leading companies will not be too great. However, the investment bank also said that in the current situation of a lot of news, investors chose to \"vote with their feet\" and sell stocks first, which is a common way for Wall Street investors to deal with negative news of international stocks.</p><p><b>1、</b>TAL</p><p>According to the latest data released by TAL, the company's revenue in the Q4 quarter of fiscal year 2021 was US $1.36 billion, a year-on-year increase of 59%, which was better than the company's guidance expected to be between US $1.175 and US $1.2 billion announced in Q3. The company achieved revenue of approximately 4.5 billion for the whole year. U.S. dollars, a year-on-year increase of 37.3%. However, its losses also enlarged. The net loss in the fourth quarter was US $169 million, an increase of 87.56% from the net loss of US $90 million in the same period last year, and the net loss for the whole year was US $116.0 million.</p><p>It should be noted that TAL's losses have increased, mainly due to the substantial increase in marketing expenses brought about by the online education war. Recently, the competition among major online education institutions has become increasingly fierce, the company's advertising investment has further surged, and the overall marketing expenses have soared sharply. Specifically, the company's Q4 sales expenses reached US $660 million, a year-on-year increase of 172%; The annual sales expenses were 1.68 billion yuan, a year-on-year increase of 37.4%.</p><p>Although it is backed by the strict regulatory environment, and the problem of a large number of advertisements before the winter vacation has attracted the attention of the regulatory authorities, the company's online courses in Q4 achieved revenue of approximately US $440 million, a year-on-year increase of 115%, accounting for 32% from 24% in the same period last year.%, the number of participants in long-term regular-priced courses increased by 71% year-on-year to 3.5 million, and the ASP of regular-priced courses increased by 9% year-on-year.</p><p>According to the market data of Investing.com, at the beginning of TAL's financial report, the market gave the stock a relatively positive reaction (up about 6% before the market), but then the stock price fell back and finally closed down 2.16%.</p><p>Market analysts believe that under the severe pressure of entering a higher school in China, the company still has huge opportunities in the extracurricular tutoring market. Although the competition is fierce, under the background of stricter supervision, the competition will become calmer, and its management of marketing expenses is also expected to improve. The company's market outlook is more rational in terms of online expansion. And its cash flow is still as high as $5.938 billion.</p><p>TAL expects that in Q1 of fiscal year 2022 (the three months ending May 31, 2021), its revenue will increase by 43%-45% year-on-year to between US $1.3022 billion and US $1.3205 billion.</p><p><b>2、</b>New Oriental</p><p>Earlier this week, New Oriental, TAL's number one competitor, also released its financial report. Data show that in the third quarter of fiscal year 2021, New Oriental's net income exceeded US $1.19 billion, a year-on-year increase of 29%. In addition, Q3.151 billion US dollars, a year-on-year increase of 9.9%. Profit per ADS was US $0.09, unchanged from US $0.09 in the same period last year, and the market expected US $0.06.</p><p>Like TAL, in the face of a fierce competitive environment, the company's business expansion has also led to an increase in costs. Data shows that in Q3 of fiscal year 2021, New Oriental continued to expand the coverage of the OMO system, investing US $59 million in existing cities and surrounding areas. Trial OMO online courses in 25 new satellite cities. (OMO strategy refers to the Online-Merge-Offline model, which aims to deeply integrate online and offline channels. It is considered a business model with greater market efficiency improvement after O2O.)</p><p>In the third quarter of fiscal year 2021, New Oriental's operating costs and expenses were US $1.089 billion, a year-on-year increase of 35.1%; Cost of revenue was US $529.5 million, a year-on-year increase of 35.3%; Sales and marketing expenses were US $156.1 million, a year-on-year increase of 32.0%; General and administrative expenses were US $393.4 million, a year-on-year increase of 36.1%. However, the increase in costs has also suppressed the company's profit margins.</p><p>However, New Oriental is still profitable, which also makes Wall Street investors more \"tolerant\" of it. On the day of the financial report, the company's stock price closed up more than 6.4%.</p><p>Analysts believe that with China's better control of the epidemic, offline education has also picked up, and the two educational methods can complement each other, which can help established educational institutions like New Oriental seize more markets and resources. However, it is undeniable that in the fierce competitive environment, the erosion of the stock's market share by other industry participants cannot be ignored.</p><p>New Oriental predicts that in Q4 of fiscal year 2021 (three months ending May 31, 2021), its revenue will increase by 38%-43% year-on-year to between US $1.1019 billion and US $1.1418 billion.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/95a52bac654e212de5e6a737e01fc5ff","relate_stocks":{"TAL":"好未来","09901":"新东方-S","EDU":"新东方"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2129035903","content_text":"中国两大教育巨头近日前后脚公布了最新的财报数据，在经历了股价波动性较高的一季度以后，这两家公司的财报受到了投资者的密切关注。\n根据行情数据显示，和在美股上市的股票价格今年以来已经双双累计跌逾12%，这不仅大幅弱于美股大盘的走势，也并不符合“后疫情”时代经济蓬勃复苏的趋势。\n中概教育股的弱势，可以追溯到今年1月，彼时，中央纪委国家监委网站发文直指在线教育存在的种种问题。还有媒体消息称，课后辅导机构受到了相关监管部门的突击检查。而当时新东方对这一消息不置可否。\n接下来的几个月里，在线教育频频被有关部门和官媒点名，关于如何规范教培行业的问题也引发了社会热议。教育部部长陈宝生近期表示，今年要大力度治理整顿校外培训机构。3月31日，教育部基础教育司司长吕玉刚在国新办发布会上表示，今年教育部把培训机构治理工作列入重点工作任务，进一步加大校外培训机构治理力度。随着监管政策的陆续出台，2021年也被视作教培行业变革性的一年。\n严监管环境下，华尔街也纷纷转向，花旗的分析师将好未来的目标价下调了20美元；而杰富瑞的分析师则认为，监管对于龙头企业的影响不会太大。但是该投行也表示，在当前消息较多的情况下，投资者选择了“用脚投票”，先抛售股票，这是华尔街投资者对国际股票负面消息常见的处理方式。\n1、好未来\n好未来最新公布的数据显示，公司2021财年Q4季度营收为13.6亿美元，同比增长59%，优于公司Q3时公布的指引预期11.75-12亿美元之间，全年公司实现收入约45亿美元，同比增长37.3%。但是，其亏损也放大，第四季净亏损为1.69亿美元，较上年同期的净亏损0.90亿美元扩大87.56%，全年净亏损为1.160亿美元。\n需要注意的是，好未来的亏损加大，主要是因为线上教育大战所带来的营销费用大幅增长。近期，各大头部在线教育机构之间的竞争越发激烈，公司的广告投入也进一步激增，整体营销费用大幅飙升。具体而言，公司Q4销售费用达到6.6亿美元，同比大增172%；全年销售费用16.8亿元，同比大增37.4%。\n虽然背靠严监管环境，而且寒假前的广告大量投放问题，被监管部门关注，但是Q4公司在线课程实现收入约4.4亿美元，同比增长115%，占比从去年同期的24%大幅增至32%，长期正价课程的参培人数同比增长71%达到350万人，正价课程ASP同比增长9%。\n根据英为财情Investing.com的行情数据显示，在好未来公布财报之初，市场给予该股较为正面的反应(盘前涨约6%)，但是随后股价回落，最终收跌2.16%。\n市场分析师认为，在中国严峻的升学压力之下，公司在课外辅导市场仍然具备巨大机会，虽然竞争激烈，但是在监管趋严的背景下，竞争会更加趋于冷静，其在营销费用的管理方面也有望提升。公司后市在线上扩张方面更理性。而且其现金流仍然高达59.38亿美元。\n好未来预计，2022财年Q1(截至2021年5月31日止三个月)，其营收同比增长43%-45%，至13.022亿美元-13.205亿美元之间。\n2、新东方\n本周稍早前，好未来的头号竞争对手新东方也发布了财报。数据显示，2021财年第三季度，新东方净收入超11.9亿美元，同比增长29%，此外，Q31.51亿美元，同比增长9.9%。每ADS盈利0.09美元，和去年同期的0.09美元持平，市场预期0.06美元。\n和好未来一样，面对激烈的竞争环境，公司业务扩张也导致了成本的增加，数据显示，2021财年Q3，新东方继续扩大OMO系统的覆盖范围，投入5900万美元，在现有城市和周围的25个新的卫星城市中试用OMO在线课程。(OMO战略是指Online-Merge-Offline模式，旨在深度融合线上和线下渠道，被认为是继O2O之后市场效率更大提升的商业模式。)\n在2021财年第三季度，新东方运营成本和开支为10.890亿美元，同比增长35.1%；营收成本为5.295亿美元，同比增长35.3%；销售及营销开支为1.561亿美元，同比增长32.0%；总务及行政开支为3.934亿美元，同比增长36.1%。不过成本的增长也导致了公司的利润空间受到压制。\n不过，新东方仍然盈利，这也让华尔街的投资者对其更为“宽容”，在财报发布当日，公司股价收盘涨超6.4%。\n分析师认为，在中国较好地控制疫情的情况下，线下教育也已经回暖，两种教育方式就能得到相互补充，可以帮助新东方这样的老牌教育机构抢占更多市场和资源。但是不可否认的是，激烈的竞争环境中，其他行业参与者对该股市场份额的侵蚀也不容忽视。\n新东方预测，2021财年Q4(截至2021年5月31日止三个月)，其营收同比增长38%-43%，至11.019亿美元-11.418亿美元之间。","news_type":1,"symbols_score_info":{"TAL":0.9,"09901":0.9,"EDU":0.9}},"isVote":1,"tweetType":1,"viewCount":1482,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":347621340,"gmtCreate":1618494064980,"gmtModify":1704711702347,"author":{"id":"3573373078542650","authorId":"3573373078542650","name":"KeithHan","avatar":"https://static.tigerbbs.com/499148728d0c775136a5099e0d8769c0","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573373078542650","idStr":"3573373078542650"},"themes":[],"htmlText":"? ? ? ? ? ? ?&nbsp;","listText":"? ? ? ? ? ? ?&nbsp;","text":"? ? ? ? ? ? ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/347621340","repostId":"1128234792","repostType":4,"repost":{"id":"1128234792","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":1618492988,"share":"https://ttm.financial/m/news/1128234792?lang=en_US&edition=fundamental","pubTime":"2021-04-15 21:23","market":"us","language":"zh","title":"Delta Air Lines earned $4.15 billion in first quarter revenue, expects to return to profitability in third quarter","url":"https://stock-news.laohu8.com/highlight/detail?id=1128234792","media":"老虎资讯综合","summary":"达美航空：2021年一季度营收41.5亿美元，市场预期39.83亿美元，去年同期85.92亿美元。一季度净亏损11.77亿美元。一季度调整后每股亏损3.55美元，市场预期每股亏损3.17美元。达美航空","content":"<p><a href=\"https://laohu8.com/S/DAL\">Delta Air Lines</a>: Revenue in the first quarter of 2021 was US $4.15 billion, market expectations were US $3.983 billion, and US $8.592 billion in the same period last year.</p><p>The net loss in the first quarter was US $1.177 billion.</p><p>The adjusted loss per share in the first quarter was US $3.55, compared with market expectations for a loss of US $3.17 per share.</p><p>Delta Air Lines said: It achieved positive daily cash flow in March. It expects to return to profitability in the third quarter.</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>Delta Air Lines earned $4.15 billion in first quarter revenue, expects to return to profitability in third quarter</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\">\nDelta Air Lines earned $4.15 billion in first quarter revenue, expects to return to profitability in third quarter\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-04-15 21:23</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><a href=\"https://laohu8.com/S/DAL\">Delta Air Lines</a>: Revenue in the first quarter of 2021 was US $4.15 billion, market expectations were US $3.983 billion, and US $8.592 billion in the same period last year.</p><p>The net loss in the first quarter was US $1.177 billion.</p><p>The adjusted loss per share in the first quarter was US $3.55, compared with market expectations for a loss of US $3.17 per share.</p><p>Delta Air Lines said: It achieved positive daily cash flow in March. It expects to return to profitability in the third quarter.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/c98071a5fdaaf26b5df14c74e53fa1e9","relate_stocks":{"DAL":"达美航空"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128234792","content_text":"达美航空：2021年一季度营收41.5亿美元，市场预期39.83亿美元，去年同期85.92亿美元。一季度净亏损11.77亿美元。一季度调整后每股亏损3.55美元，市场预期每股亏损3.17美元。达美航空表示：3月实现每日现金流量为正数。预计将在第三季度恢复盈利。","news_type":1,"symbols_score_info":{"DAL":0.9}},"isVote":1,"tweetType":1,"viewCount":1021,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":347623563,"gmtCreate":1618494051552,"gmtModify":1704711701700,"author":{"id":"3573373078542650","authorId":"3573373078542650","name":"KeithHan","avatar":"https://static.tigerbbs.com/499148728d0c775136a5099e0d8769c0","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573373078542650","idStr":"3573373078542650"},"themes":[],"htmlText":"? ? ? ? ? ?&nbsp;","listText":"? ? ? ? ? ?&nbsp;","text":"? ? ? ? ? ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/347623563","repostId":"1121288783","repostType":4,"repost":{"id":"1121288783","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":1618493281,"share":"https://ttm.financial/m/news/1121288783?lang=en_US&edition=fundamental","pubTime":"2021-04-15 21:28","market":"us","language":"zh","title":"Opening: The Dow opened up more than 160 points, and blockchain and star technology stocks generally rose","url":"https://stock-news.laohu8.com/highlight/detail?id=1121288783","media":"老虎资讯综合","summary":"4月15日（周四），道指开涨超160点，纳指快速涨超1%。区块链、明星科技股普涨。中概股淘屏开盘涨超19%，公司与比特大陆签署了购买ANTMINER S19J PRO比特币挖矿机的协议。开心汽车涨超8","content":"<p>On April 15 (Thursday), the Dow opened up more than 160 points, and the Nasdaq quickly rose by more than 1%. Blockchain and star technology stocks generally rose.</p><p><img src=\"https://static.tigerbbs.com/698daa35c595b0f35adcefa5ac770d81\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>Chinese concept stocks<a href=\"https://laohu8.com/S/TAOP\">Taoping</a>The opening rose more than 19%, the company and<a href=\"https://laohu8.com/S/90027\">Bitmain</a>An agreement was signed for the purchase of the ANTMINER S19J PRO Bitcoin miner.</p><p><a href=\"https://laohu8.com/S/KXIN\">Happy Auto</a>Up more than 8%, the company announced that it was approved by Nasdaq to acquire overseas shopping cars.</p><p><a href=\"https://laohu8.com/S/COIN\">Coinbase</a>It opened up more than 4%, and closed up more than 31% on the first day of listing yesterday. During intraday trading, the market value once exceeded 100 billion US dollars; The company is said to have bought nearly 750,000 shares from ARK's three ETFs, with a scale of approximately US $250 million based on the closing price.</p><p>Star technology stocks generally rose,<a href=\"https://laohu8.com/S/NVDA\">Nvidia</a>Rose 4.6%, Paypal rose 2.7%,<a href=\"https://laohu8.com/S/AAPL\">Apple</a>、<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>Up 1.8%,<a href=\"https://laohu8.com/S/MA\">MasterCard</a>Up 1.6%.</p><p><a href=\"https://laohu8.com/S/GSK\">Glaxo SmithKline</a>It rose more than 4% after news that Elliott, a well-known US hedge fund, increased its holdings by billions of pounds<a href=\"https://laohu8.com/S/GSK.UK\">Glaxo SmithKline</a>Of shares.</p><p><a href=\"https://laohu8.com/S/DELL\">Dell</a>Up nearly 6%, Dell will divest<a href=\"https://laohu8.com/S/VMW\">Weirui</a>81% equity, forming two independent listed companies.</p><p>Most new energy vehicle sectors fell,<a href=\"https://laohu8.com/S/LI\">Li Auto</a>Fell more than 3%,<a href=\"https://laohu8.com/S/XPEV\">XPeng vehicles</a>Fell nearly 3%,<a href=\"https://laohu8.com/S/NIO\">Nio</a>Fell more than 2%,<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>It fell 0.6%.</p><p><a href=\"https://laohu8.com/S/QS\">Quantumscape</a>It fell nearly 10% and was previously bearish by SCORPION CAPITAL.</p><p><a href=\"https://laohu8.com/S/SPCE\">Virgin Galactic</a>Falling more than 7%, Virgin Group Chairman Richard Branson sold shares worth more than $150 million.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Opening: The Dow opened up more than 160 points, and blockchain and star technology stocks generally rose</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\">\nOpening: The Dow opened up more than 160 points, and blockchain and star technology stocks generally rose\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-04-15 21:28</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On April 15 (Thursday), the Dow opened up more than 160 points, and the Nasdaq quickly rose by more than 1%. Blockchain and star technology stocks generally rose.</p><p><img src=\"https://static.tigerbbs.com/698daa35c595b0f35adcefa5ac770d81\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>Chinese concept stocks<a href=\"https://laohu8.com/S/TAOP\">Taoping</a>The opening rose more than 19%, the company and<a href=\"https://laohu8.com/S/90027\">Bitmain</a>An agreement was signed for the purchase of the ANTMINER S19J PRO Bitcoin miner.</p><p><a href=\"https://laohu8.com/S/KXIN\">Happy Auto</a>Up more than 8%, the company announced that it was approved by Nasdaq to acquire overseas shopping cars.</p><p><a href=\"https://laohu8.com/S/COIN\">Coinbase</a>It opened up more than 4%, and closed up more than 31% on the first day of listing yesterday. During intraday trading, the market value once exceeded 100 billion US dollars; The company is said to have bought nearly 750,000 shares from ARK's three ETFs, with a scale of approximately US $250 million based on the closing price.</p><p>Star technology stocks generally rose,<a href=\"https://laohu8.com/S/NVDA\">Nvidia</a>Rose 4.6%, Paypal rose 2.7%,<a href=\"https://laohu8.com/S/AAPL\">Apple</a>、<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>Up 1.8%,<a href=\"https://laohu8.com/S/MA\">MasterCard</a>Up 1.6%.</p><p><a href=\"https://laohu8.com/S/GSK\">Glaxo SmithKline</a>It rose more than 4% after news that Elliott, a well-known US hedge fund, increased its holdings by billions of pounds<a href=\"https://laohu8.com/S/GSK.UK\">Glaxo SmithKline</a>Of shares.</p><p><a href=\"https://laohu8.com/S/DELL\">Dell</a>Up nearly 6%, Dell will divest<a href=\"https://laohu8.com/S/VMW\">Weirui</a>81% equity, forming two independent listed companies.</p><p>Most new energy vehicle sectors fell,<a href=\"https://laohu8.com/S/LI\">Li Auto</a>Fell more than 3%,<a href=\"https://laohu8.com/S/XPEV\">XPeng vehicles</a>Fell nearly 3%,<a href=\"https://laohu8.com/S/NIO\">Nio</a>Fell more than 2%,<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>It fell 0.6%.</p><p><a href=\"https://laohu8.com/S/QS\">Quantumscape</a>It fell nearly 10% and was previously bearish by SCORPION CAPITAL.</p><p><a href=\"https://laohu8.com/S/SPCE\">Virgin Galactic</a>Falling more than 7%, Virgin Group Chairman Richard Branson sold shares worth more than $150 million.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ff6e3231d788a5a6d28cf7965385cc7f","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1121288783","content_text":"4月15日（周四），道指开涨超160点，纳指快速涨超1%。区块链、明星科技股普涨。中概股淘屏开盘涨超19%，公司与比特大陆签署了购买ANTMINER S19J PRO比特币挖矿机的协议。开心汽车涨超8%，公司宣布获得纳斯达克批准收购海淘车。Coinbase开盘涨超4%，昨日上市首日收涨超31%，盘中交易时市值一度突破1000亿美元；公司据称获ARK旗下三支ETF买入近75万股，以收盘价计算规模约2.5亿美元。明星科技股普涨，英伟达涨4.6%，Paypal涨2.7%，苹果、亚马逊涨1.8%，万事达涨1.6%。葛兰素史克涨超4%，此前有消息称美知名对沖基金Elliott增持数十亿英镑葛兰素史克的股份。戴尔涨近6%，戴尔将剥离威睿81%的股权，组建两家独立的上市公司。新能源车板块多数下挫，理想汽车跌超3%，小鹏汽车跌近3%，蔚来跌超2%，百度跌0.6%。Quantumscape跌近10%，此前遭SCORPION CAPITAL看空。维珍银河跌超7%，维珍集团董事长理查德·布兰森出售了价值超过1.5亿美元的股份。","news_type":1,"symbols_score_info":{".DJI":0.9,".SPX":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":1301,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":345523535,"gmtCreate":1618324644327,"gmtModify":1704709216462,"author":{"id":"3573373078542650","authorId":"3573373078542650","name":"KeithHan","avatar":"https://static.tigerbbs.com/499148728d0c775136a5099e0d8769c0","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573373078542650","idStr":"3573373078542650"},"themes":[],"htmlText":"? ? ? ? ?&nbsp;","listText":"? ? ? ? ?&nbsp;","text":"? ? ? ? ?","images":[{"img":"https://static.tigerbbs.com/1829d46177eca3c2a30fea2ffb2841f4","width":"1080","height":"3093"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/345523535","isVote":1,"tweetType":1,"viewCount":1179,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":341873027,"gmtCreate":1617805316469,"gmtModify":1704703397497,"author":{"id":"3573373078542650","authorId":"3573373078542650","name":"KeithHan","avatar":"https://static.tigerbbs.com/499148728d0c775136a5099e0d8769c0","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573373078542650","idStr":"3573373078542650"},"themes":[],"htmlText":"? ? ? ? ?&nbsp;","listText":"? ? ? ? ?&nbsp;","text":"? ? ? ? ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/341873027","repostId":"1158255207","repostType":4,"repost":{"id":"1158255207","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":1617804748,"share":"https://ttm.financial/m/news/1158255207?lang=en_US&edition=fundamental","pubTime":"2021-04-07 22:12","market":"us","language":"zh","title":"The decline of China's new energy vehicle sector expanded, with Li Auto falling more than 9%","url":"https://stock-news.laohu8.com/highlight/detail?id=1158255207","media":"老虎资讯综合","summary":"4月7日，中概新能源车板块跌幅扩大，理想汽车跌超9%，小鹏汽车跌5%，小牛电动跌超3%，蔚来汽车跌2.6%。","content":"<p>On April 7, the decline of China's new energy vehicle sector expanded.<a href=\"https://laohu8.com/S/LI\">Li Auto</a>Fell more than 9%,<a href=\"https://laohu8.com/S/XPEV\">XPeng vehicles</a>Down 5%,<a href=\"https://laohu8.com/S/NIU\">Mavericks Electric</a>It fell more than 3%, and Nio Automobile fell 2.6%.</p><p><img src=\"https://static.tigerbbs.com/1a95c11088139142a4be33ee2dca2ed1\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The decline of China's new energy vehicle sector expanded, with Li Auto falling more than 9%</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 decline of China's new energy vehicle sector expanded, with Li Auto falling more than 9%\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-04-07 22:12</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On April 7, the decline of China's new energy vehicle sector expanded.<a href=\"https://laohu8.com/S/LI\">Li Auto</a>Fell more than 9%,<a href=\"https://laohu8.com/S/XPEV\">XPeng vehicles</a>Down 5%,<a href=\"https://laohu8.com/S/NIU\">Mavericks Electric</a>It fell more than 3%, and Nio Automobile fell 2.6%.</p><p><img src=\"https://static.tigerbbs.com/1a95c11088139142a4be33ee2dca2ed1\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/edb5904d62b10798f760277be625646d","relate_stocks":{"XPEV":"小鹏汽车","LI":"理想汽车","02015":"理想汽车-W","NIO":"蔚来"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158255207","content_text":"4月7日，中概新能源车板块跌幅扩大，理想汽车跌超9%，小鹏汽车跌5%，小牛电动跌超3%，蔚来汽车跌2.6%。","news_type":1,"symbols_score_info":{"XPEV":0.9,"LI":0.9,"NIO":0.9,"02015":0.9}},"isVote":1,"tweetType":1,"viewCount":1075,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":357492611,"gmtCreate":1617288267833,"gmtModify":1704698415061,"author":{"id":"3573373078542650","authorId":"3573373078542650","name":"KeithHan","avatar":"https://static.tigerbbs.com/499148728d0c775136a5099e0d8769c0","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573373078542650","idStr":"3573373078542650"},"themes":[],"htmlText":"? ? ? ? ? ? ? ?","listText":"? ? ? ? ? ? ? ?","text":"? ? ? ? ? ? ? ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/357492611","repostId":"1123979727","repostType":4,"repost":{"id":"1123979727","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":1617287972,"share":"https://ttm.financial/m/news/1123979727?lang=en_US&edition=fundamental","pubTime":"2021-04-01 22:39","market":"us","language":"zh","title":"Uxin soared by more than 40%, and the company signed investment letters of intent with two well-known funds","url":"https://stock-news.laohu8.com/highlight/detail?id=1123979727","media":"老虎资讯综合","summary":"4月1日，优信二手车盘中暴涨超40%，公司与两家知名的亚洲基金签订投资意向书。优信二手车宣布，公司已于4月1日与两家亚洲投资基金签订具约束力的投资意向书。据此，潜在投资者已同意与公司就认购高级可转换优","content":"<p>April 1st,<a href=\"https://laohu8.com/S/UXIN\">Youxin</a>Second-hand cars soared by more than 40% intraday, and the company signed investment letters of intent with two well-known Asian funds.</p><p><img src=\"https://static.tigerbbs.com/2167fabccf148c1d56d49b6c72965108\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><a href=\"https://laohu8.com/S/UXIN\">Youxin</a>Used Cars announced that the company has signed binding letters of intent with two Asian investment funds on April 1. Accordingly, potential investors have agreed to negotiate with the company on the subscription of senior convertible preferred shares and may enter into a definitive agreement. The total investment amount of the potential transaction may reach up to US $300 million.</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>Uxin soared by more than 40%, and the company signed investment letters of intent with two well-known funds</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\">\nUxin soared by more than 40%, and the company signed investment letters of intent with two well-known funds\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-04-01 22:39</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>April 1st,<a href=\"https://laohu8.com/S/UXIN\">Youxin</a>Second-hand cars soared by more than 40% intraday, and the company signed investment letters of intent with two well-known Asian funds.</p><p><img src=\"https://static.tigerbbs.com/2167fabccf148c1d56d49b6c72965108\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><a href=\"https://laohu8.com/S/UXIN\">Youxin</a>Used Cars announced that the company has signed binding letters of intent with two Asian investment funds on April 1. Accordingly, potential investors have agreed to negotiate with the company on the subscription of senior convertible preferred shares and may enter into a definitive agreement. The total investment amount of the potential transaction may reach up to US $300 million.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/7ade1733a461c9483048e104ccc2d044","relate_stocks":{"UXIN":"优信"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1123979727","content_text":"4月1日，优信二手车盘中暴涨超40%，公司与两家知名的亚洲基金签订投资意向书。优信二手车宣布，公司已于4月1日与两家亚洲投资基金签订具约束力的投资意向书。据此，潜在投资者已同意与公司就认购高级可转换优先股进行磋商并可能签订最终协议，潜在交易的总投资额最高或将达3亿美元。","news_type":1,"symbols_score_info":{"UXIN":0.9}},"isVote":1,"tweetType":1,"viewCount":1448,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":354919209,"gmtCreate":1617117649501,"gmtModify":1704696140596,"author":{"id":"3573373078542650","authorId":"3573373078542650","name":"KeithHan","avatar":"https://static.tigerbbs.com/499148728d0c775136a5099e0d8769c0","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573373078542650","idStr":"3573373078542650"},"themes":[],"htmlText":"Omg.....&nbsp;","listText":"Omg.....&nbsp;","text":"Omg.....","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/354919209","repostId":"2123421823","repostType":4,"isVote":1,"tweetType":1,"viewCount":1208,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":351273901,"gmtCreate":1616600125003,"gmtModify":1704796319561,"author":{"id":"3573373078542650","authorId":"3573373078542650","name":"KeithHan","avatar":"https://static.tigerbbs.com/499148728d0c775136a5099e0d8769c0","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573373078542650","idStr":"3573373078542650"},"themes":[],"htmlText":"Wow......&nbsp;","listText":"Wow......&nbsp;","text":"Wow......","images":[{"img":"https://static.tigerbbs.com/bb94ae31c5eb1ac9a58f84a545143b72","width":"1080","height":"2157"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/351273901","isVote":1,"tweetType":1,"viewCount":1687,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":350546432,"gmtCreate":1616239783126,"gmtModify":1704792413134,"author":{"id":"3573373078542650","authorId":"3573373078542650","name":"KeithHan","avatar":"https://static.tigerbbs.com/499148728d0c775136a5099e0d8769c0","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573373078542650","idStr":"3573373078542650"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SKLZ\">$Skillz Inc(SKLZ)$</a>&nbsp;help help","listText":"<a href=\"https://laohu8.com/S/SKLZ\">$Skillz Inc(SKLZ)$</a>&nbsp;help help","text":"$Skillz Inc(SKLZ)$ help help","images":[{"img":"https://static.tigerbbs.com/8c0864351e18058c78df31acfe041674","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/350546432","isVote":1,"tweetType":1,"viewCount":1102,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"hots":[{"id":170529561,"gmtCreate":1626443248853,"gmtModify":1703760276719,"author":{"id":"3573373078542650","authorId":"3573373078542650","name":"KeithHan","avatar":"https://static.tigerbbs.com/499148728d0c775136a5099e0d8769c0","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573373078542650","authorIdStr":"3573373078542650"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/170529561","repostId":"1169255658","repostType":4,"repost":{"id":"1169255658","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":1626443031,"share":"https://ttm.financial/m/news/1169255658?lang=en_US&edition=fundamental","pubTime":"2021-07-16 21:43","market":"us","language":"zh","title":"Microsoft rose more than 1%, continuing to hit record highs","url":"https://stock-news.laohu8.com/highlight/detail?id=1169255658","media":"老虎资讯综合","summary":"周五盘初，微软涨超1%，高见284.1美元，续刷历史新高。瑞穗上调微软目标价至310美元，维持“买入”评级。\n\n瑞穗分析师Gregg Moskowitz发布研报，将微软目标价从285美元上调至310美","content":"<p>At the beginning of Friday's session,<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>It rose more than 1%, reaching a high of $284.1, continuing to hit a record high. Mizuho raised Microsoft's target price to $310 and maintained a \"buy\" rating.</p><p><img src=\"https://static.tigerbbs.com/79aaa3b02481436918ab8585b35435c1\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>Mizuho analyst Gregg Moskowitz released a research report, raising Microsoft's target price from $285 to $310 and maintaining a \"buy\" rating. Moskowitz said the economic recovery continues to consolidate and recent software channel checks have been \"generally very healthy.\" The analyst said companies that are going digital are still leading the way, but he noted that many legacy and on-premise technologies \"continue to normalize\". Additionally, the cybersecurity industry \"had a particularly strong quarter,\" the survey showed.</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>Microsoft rose more than 1%, continuing to hit record highs</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\">\nMicrosoft rose more than 1%, continuing to hit record highs\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-07-16 21:43</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>At the beginning of Friday's session,<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>It rose more than 1%, reaching a high of $284.1, continuing to hit a record high. Mizuho raised Microsoft's target price to $310 and maintained a \"buy\" rating.</p><p><img src=\"https://static.tigerbbs.com/79aaa3b02481436918ab8585b35435c1\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>Mizuho analyst Gregg Moskowitz released a research report, raising Microsoft's target price from $285 to $310 and maintaining a \"buy\" rating. Moskowitz said the economic recovery continues to consolidate and recent software channel checks have been \"generally very healthy.\" The analyst said companies that are going digital are still leading the way, but he noted that many legacy and on-premise technologies \"continue to normalize\". Additionally, the cybersecurity industry \"had a particularly strong quarter,\" the survey showed.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/783e4a9d3f00e88db6623c5917a7c472","relate_stocks":{"MSFT":"微软"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169255658","content_text":"周五盘初，微软涨超1%，高见284.1美元，续刷历史新高。瑞穗上调微软目标价至310美元，维持“买入”评级。\n\n瑞穗分析师Gregg Moskowitz发布研报，将微软目标价从285美元上调至310美元，并维持“买入”评级。Moskowitz表示，经济复苏继续巩固，最近的软件渠道检查“总体上非常健康”。这位分析师表示，实现数字化的公司仍处于领先地位，但他指出，许多传统技术和本地部署(on-premise)技术“继续正常化”。此外，调查显示，网络安全行业“本季度特别强劲”。","news_type":1,"symbols_score_info":{"MSFT":0.9}},"isVote":1,"tweetType":1,"viewCount":3308,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":176889236,"gmtCreate":1626876092725,"gmtModify":1703479756905,"author":{"id":"3573373078542650","authorId":"3573373078542650","name":"KeithHan","avatar":"https://static.tigerbbs.com/499148728d0c775136a5099e0d8769c0","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573373078542650","authorIdStr":"3573373078542650"},"themes":[],"htmlText":"? ? ?&nbsp;","listText":"? ? ?&nbsp;","text":"? ? ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/176889236","repostId":"1139863092","repostType":4,"isVote":1,"tweetType":1,"viewCount":3571,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":141343215,"gmtCreate":1625840168237,"gmtModify":1703749648260,"author":{"id":"3573373078542650","authorId":"3573373078542650","name":"KeithHan","avatar":"https://static.tigerbbs.com/499148728d0c775136a5099e0d8769c0","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573373078542650","authorIdStr":"3573373078542650"},"themes":[],"htmlText":"Just&nbsp;","listText":"Just&nbsp;","text":"Just","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/141343215","repostId":"2150372686","repostType":4,"repost":{"id":"2150372686","kind":"news","pubTimestamp":1625835004,"share":"https://ttm.financial/m/news/2150372686?lang=en_US&edition=fundamental","pubTime":"2021-07-09 20:50","market":"hk","language":"zh","title":"It is rumored that the regulatory authorities have met with Xu Jiayin, Evergrande staff: It is not convenient to respond","url":"https://stock-news.laohu8.com/highlight/detail?id=2150372686","media":"银柿财经","summary":"7月9日，有媒体报道《监管当局约见许家印，要求恒大尽快化解债务问题》。","content":"<p>On July 9, some media reported that \"the regulatory authorities met with Xu Jiayin and asked Evergrande to resolve the debt problem as soon as possible.\" The report pointed out that \"the Financial Stability and Development Committee of the State Council of China and<a href=\"https://laohu8.com/S/03333\">China Evergrande</a>During the meeting, the Chairman of the Board of Directors Hui Ka-yin asked him to resolve his debt difficulties quickly to avoid financial risks. \"</p><p>At the same time, according to a person familiar with the matter, about a month before this meeting with the Financial Stability Committee, regulatory agencies such as the People's Bank of China had interviewed Evergrande and urged it to speed up the sale of assets, reduce debts and repay debts in a timely manner.</p><p>A reporter from Yinshi Finance called the relevant person in charge of China Evergrande about the authenticity of the report. The staff member said: \"I don't know where the source of the news is? It's not convenient to respond.\"</p><p><img src=\"https://static.tigerbbs.com/7bd9c5f6f455ab3d41aa3e821ab0cd24\" tg-width=\"840\" tg-height=\"470\"></p>","source":"lsy1610344500291","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>It is rumored that the regulatory authorities have met with Xu Jiayin, Evergrande staff: It is not convenient to respond</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\">\nIt is rumored that the regulatory authorities have met with Xu Jiayin, Evergrande staff: It is not convenient to respond\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">银柿财经</strong><span class=\"h-time small\">2021-07-09 20:50</span>\n</p>\n</h4>\n</header>\n<article>\n<p>On July 9, some media reported that \"the regulatory authorities met with Xu Jiayin and asked Evergrande to resolve the debt problem as soon as possible.\" The report pointed out that \"the Financial Stability and Development Committee of the State Council of China and<a href=\"https://laohu8.com/S/03333\">China Evergrande</a>During the meeting, the Chairman of the Board of Directors Hui Ka-yin asked him to resolve his debt difficulties quickly to avoid financial risks. \"</p><p>At the same time, according to a person familiar with the matter, about a month before this meeting with the Financial Stability Committee, regulatory agencies such as the People's Bank of China had interviewed Evergrande and urged it to speed up the sale of assets, reduce debts and repay debts in a timely manner.</p><p>A reporter from Yinshi Finance called the relevant person in charge of China Evergrande about the authenticity of the report. The staff member said: \"I don't know where the source of the news is? It's not convenient to respond.\"</p><p><img src=\"https://static.tigerbbs.com/7bd9c5f6f455ab3d41aa3e821ab0cd24\" tg-width=\"840\" tg-height=\"470\"></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2021070920454979d0dc51&s=b\">银柿财经</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/11035f651c5c16f8f951521b8717a989","relate_stocks":{"03333":"中国恒大"},"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2021070920454979d0dc51&s=b","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2150372686","content_text":"7月9日，有媒体报道《监管当局约见许家印，要求恒大尽快化解债务问题》，该报道指出，“中国国务院金融稳定发展委员会与中国恒大董事局主席许家印会面时，要求其快化解债务困境，以免引发金融风险。“\n同时据一位知情人士称，在此次与金稳委会面前大约一个月，人行等监管机构曾约谈恒大，督促其加快出售资产、削减债务并及时偿还债务。\n银柿财经记者就该报道的真实性致电中国恒大相关负责人，该工作人员表示：“不知道消息的信源是哪里？不方便回应。”","news_type":1,"symbols_score_info":{"03333":0.9}},"isVote":1,"tweetType":1,"viewCount":3748,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":130843291,"gmtCreate":1621525940013,"gmtModify":1704359163227,"author":{"id":"3573373078542650","authorId":"3573373078542650","name":"KeithHan","avatar":"https://static.tigerbbs.com/499148728d0c775136a5099e0d8769c0","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573373078542650","authorIdStr":"3573373078542650"},"themes":[],"htmlText":"? ? ?&nbsp;","listText":"? ? ?&nbsp;","text":"? ? ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/130843291","repostId":"1188576028","repostType":4,"isVote":1,"tweetType":1,"viewCount":3972,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":374231092,"gmtCreate":1619447562416,"gmtModify":1704724076507,"author":{"id":"3573373078542650","authorId":"3573373078542650","name":"KeithHan","avatar":"https://static.tigerbbs.com/499148728d0c775136a5099e0d8769c0","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573373078542650","authorIdStr":"3573373078542650"},"themes":[],"htmlText":"? ? ? ?&nbsp;","listText":"? ? ? ?&nbsp;","text":"? ? ? ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/374231092","repostId":"1112124246","repostType":4,"repost":{"id":"1112124246","kind":"news","pubTimestamp":1619446921,"share":"https://ttm.financial/m/news/1112124246?lang=en_US&edition=fundamental","pubTime":"2021-04-26 22:22","market":"fut","language":"zh","title":"Copper prices surge to highest level in a decade, nonferrous metals sector moves higher","url":"https://stock-news.laohu8.com/highlight/detail?id=1112124246","media":"智通财经","summary":"高盛将未来12个月铜目标价提高到1.1万美元/吨。","content":"<p>On April 26 (Monday), the non-ferrous metal sector rose during the session. As of press time,<a href=\"https://laohu8.com/S/FCX\">McMoRan copper-gold</a>Up more than 6%,<a href=\"https://laohu8.com/S/AA\">Alcoa</a>Up more than 5%,<a href=\"https://laohu8.com/S/TRQ\">Turquoise Hill Resources</a>It rose more than 4%, and Albemarle Company of the United States rose more than 3%.</p><p><img src=\"https://static.tigerbbs.com/4747a8a90284928bc8ab8f9768b760f4\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>Previously, global copper prices soared to the highest level in a decade, and Lun copper once rose to US $9,700/ton. Includes<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>Institutions and other institutions believe that considering the important role of copper in the green energy transition, the climate goals of various countries will make this round of copper price rebound the beginning of a longer-dimensional copper price rise.</p><p>Goldman Sachs raised its copper target price for the next 12 months to US $11,000/ton, an increase of US $500 from its 12-month copper target price reiterated two weeks ago, an increase of nearly 4.8%.</p>","source":"highlight_zhitongcaijin","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>Copper prices surge to highest level in a decade, nonferrous metals sector moves higher</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\">\nCopper prices surge to highest level in a decade, nonferrous metals sector moves higher\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\">2021-04-26 22:22</span>\n</p>\n</h4>\n</header>\n<article>\n<p>On April 26 (Monday), the non-ferrous metal sector rose during the session. As of press time,<a href=\"https://laohu8.com/S/FCX\">McMoRan copper-gold</a>Up more than 6%,<a href=\"https://laohu8.com/S/AA\">Alcoa</a>Up more than 5%,<a href=\"https://laohu8.com/S/TRQ\">Turquoise Hill Resources</a>It rose more than 4%, and Albemarle Company of the United States rose more than 3%.</p><p><img src=\"https://static.tigerbbs.com/4747a8a90284928bc8ab8f9768b760f4\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>Previously, global copper prices soared to the highest level in a decade, and Lun copper once rose to US $9,700/ton. Includes<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>Institutions and other institutions believe that considering the important role of copper in the green energy transition, the climate goals of various countries will make this round of copper price rebound the beginning of a longer-dimensional copper price rise.</p><p>Goldman Sachs raised its copper target price for the next 12 months to US $11,000/ton, an increase of US $500 from its 12-month copper target price reiterated two weeks ago, an increase of nearly 4.8%.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://www.zhitongcaijing.com/content/detail/458639.html\">智通财经</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/eeb9a4d452d8568bcc6a2558535ad160","relate_stocks":{"FCX":"麦克莫兰铜金","AA":"美国铝业"},"source_url":"https://www.zhitongcaijing.com/content/detail/458639.html","is_english":false,"share_image_url":"https://static.laohu8.com/6ca2dcdccfa2217fb20a0351f4efe814","article_id":"1112124246","content_text":"4月26日(周一)，有色金属板块盘中走高，截至发稿，麦克莫兰铜金涨超6%，美国铝业涨超5%，Turquoise Hill Resources涨超4%，美国雅宝公司涨超3%。此前全球铜价飙升至十年来的最高水平，伦铜一度升至9700美元/吨。包括高盛等机构认为，考虑到铜在绿色能源转型中的重要作用，各国的气候目标将使本轮铜价反弹成为更长维度铜价上涨的开始。高盛将未来12个月铜目标价提高到1.1万美元/吨，较两周前其重申的12个月铜目标价上调500美元，升幅将近4.8%。","news_type":1,"symbols_score_info":{"TRQ":0.9,"AA":0.9,"FCX":0.9}},"isVote":1,"tweetType":1,"viewCount":1606,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":382824952,"gmtCreate":1613433134276,"gmtModify":1704880382690,"author":{"id":"3573373078542650","authorId":"3573373078542650","name":"KeithHan","avatar":"https://static.tigerbbs.com/499148728d0c775136a5099e0d8769c0","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573373078542650","authorIdStr":"3573373078542650"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/BNGO\">$BNGO 20210219 10.0 PUT(BNGO)$</a>&nbsp;premiun safe","listText":"<a href=\"https://laohu8.com/S/BNGO\">$BNGO 20210219 10.0 PUT(BNGO)$</a>&nbsp;premiun safe","text":"$BNGO 20210219 10.0 PUT(BNGO)$ premiun safe","images":[{"img":"https://static.tigerbbs.com/93eba30719dcec32f96c0822d35958cf","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/382824952","isVote":1,"tweetType":1,"viewCount":817,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":127743301,"gmtCreate":1624871175603,"gmtModify":1703846679674,"author":{"id":"3573373078542650","authorId":"3573373078542650","name":"KeithHan","avatar":"https://static.tigerbbs.com/499148728d0c775136a5099e0d8769c0","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573373078542650","authorIdStr":"3573373078542650"},"themes":[],"htmlText":"? ? ? ?","listText":"? ? ? ?","text":"? ? ? ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/127743301","repostId":"2146881622","repostType":4,"repost":{"id":"2146881622","kind":"news","pubTimestamp":1624870410,"share":"https://ttm.financial/m/news/2146881622?lang=en_US&edition=fundamental","pubTime":"2021-06-28 16:53","market":"us","language":"zh","title":"Is it going to be eliminated by the times? The world's most powerful company suffered a huge loss of US $22.4 billion","url":"https://stock-news.laohu8.com/highlight/detail?id=2146881622","media":" 正解局","summary":"2005年，美国有3家石化企业跻身前十强；2020年，全部出局。正解局原创\n14年前左右，全球最牛的公司是埃克森美孚。\n这家石油公司，2006年营业收入高居全球第一，2007年市值又高居全球第一，风头","content":"<p>In 2005, three petrochemical companies in the United States ranked among the top ten; In 2020, all out. Original solution</p><p>About 14 years ago, the best company in the world was<a href=\"https://laohu8.com/S/XOM\">ExxonMobil</a>。</p><p>This oil company's operating income ranked first in the world in 2006, and its market value ranked first in the world in 2007. It was in the limelight for a while.</p><p>Today, ExxonMobil's market value has shrunk by half, and its operating income in 2020 will lose US $22.4 billion.</p><p>What has ExxonMobil done wrong in just over a decade?</p><p>Petrochemical companies, are life really hard?</p><p><img src=\"https://static.tigerbbs.com/1ffefa502a3b3b7343aa17156a17e8d6\" tg-width=\"660\" tg-height=\"176\" referrerpolicy=\"no-referrer\">ExxonMobil, from a well-known family.</p><p>Its predecessor was the famous Standard Oil Company founded by Rockefeller.</p><p>The largest crude oil producer in the United States monopolizes 95% of the refining capacity, 90% of the oil transportation capacity and 25% of the crude oil production in the United States.</p><p>The strength of monopoly is unprecedented in American history, and it is unprecedented.</p><p>Because it was too powerful, in 1911, the Standard Oil Empire was split into about 37 regional oil companies.</p><p>Among them, the largest one is Exxon (Standard Oil of New Jersey).</p><p>The general trend of the world is that if we unite for a long time, we will divide it, and if we divide for a long time, we will unite it.</p><p>In 1999, Exxon Oil (Standard Oil of New Jersey) and Mobil Oil merged to form ExxonMobil Corporation, which transformed itself into the world's largest oil company.</p><p>A Big Mac is a Big Mac. The second year after the merger, ExxonMobil was on the Fortune Global 500 list, ranking third.</p><p><img src=\"https://static.tigerbbs.com/de976cf6d27f46cb0cf233283bc0397d\" tg-width=\"435\" tg-height=\"539\" referrerpolicy=\"no-referrer\">Top Ten of the World's Fortune 500 List in 2000</p><p>Since then, ExxonMobil has been among the top five in the world 500 list all year round. In 2006, it ranked first in the world in one fell swoop.<img src=\"https://static.tigerbbs.com/a05d48e79c0f57ea523f43697f69fdfa\" tg-width=\"660\" tg-height=\"665\" referrerpolicy=\"no-referrer\">Top Ten of the World's Fortune 500 in 2006</p><p>2007 was also the highlight moment for ExxonMobil, with its market value ranking first in the world, reaching US $525 billion at its peak.</p><p>It is such an awesome company. The 2020 financial report shows that it has suffered a loss of US $22.44 billion. This is the first loss since the merger, and it may also be one of the companies with the largest losses in the world.</p><p>The latest market value is only US $273.9 billion, only half of its peak.</p><p><img src=\"https://static.tigerbbs.com/93e38d7e4eaef842e365b7effdf8da04\" tg-width=\"840\" tg-height=\"470\">Today, ExxonMobil's market value is only $272.4 billion, barely topping the list<a href=\"https://laohu8.com/S/AAPL\">Apple</a>1/10 of the market value of US $2.24 trillion.</p><p>In order to cope with the losses, ExxonMobil decided to lay off employees, suspend bonuses, and sell assets to save itself.</p><p>After announcing in 2020 that it would cut 14,000 jobs worldwide by 2022, ExxonMobil also plans to reduce the number of employees in its U.S. offices by 5% to 10% annually over the next three to five years.</p><p>According to ExxonMobil's employee composition, the U.S. office will lay off 1,000 to 3,000 people every year.</p><p>ExxonMobil has also taken measures such as suspending bonuses and stopping employee contribution matching to 401k savings plans.</p><p>In addition, ExxonMobil will sell shares in 15 oil fields to get some blood back.<img src=\"https://static.tigerbbs.com/896a25d58495644c16903bb72d3ef94d\" tg-width=\"554\" tg-height=\"370\" referrerpolicy=\"no-referrer\">ExxonMobil chemical plant in Baytown, Texas</p><p>Ordinary employees are at risk of losing their jobs, and times at the top are hard.</p><p>Previously, ExxonMobil changed a quarter of its board members due to climate and financial concerns.</p><p><img src=\"https://static.tigerbbs.com/c3e19a6be56cb21660acb2bd3624b49d\" tg-width=\"660\" tg-height=\"176\" referrerpolicy=\"no-referrer\"></p><p>ExxonMobil's loss is due to accidental factors.</p><p>You know, in 2019, they also earned a net profit of $14.34 billion.</p><p>The huge loss in 2020, this accidental factor is COVID-19 pandemic.</p><p>Affected by the epidemic, oil demand has declined, and international oil prices have also plummeted. For details, please read \"Sending 84 giant ships to buy oil at the bottom, China becomes the biggest winner of the\" oil war \"?\" This article.</p><p><img src=\"https://static.tigerbbs.com/e36c5ed02f7d9f7a3b6803cee6cead1d\" tg-width=\"660\" tg-height=\"385\" referrerpolicy=\"no-referrer\"></p><p>Crude oil price trend chart in recent years</p><p>The decline in sales volume and the decline in prices has naturally greatly affected ExxonMobil's revenue.</p><p>You see, as the epidemic is gradually brought under control, international oil prices begin to rise, and ExxonMobil's revenue begins to \"come back to life\" again.</p><p>The company's first fiscal quarter of fiscal year 2021 showed that the net profit attributable to ordinary shareholders was US $2.730 billion.</p><p>If we go back to 2019 before the epidemic, we will find that compared with 2018, ExxonMobil's net profit has also declined.</p><p>Connecting with its falling market value, ExxonMobil's recession is already a general trend.</p><p>Therefore, there must be internal factors behind ExxonMobil's recession.</p><p>First, the investment failed.</p><p>Energy companies like petrochemicals are engaged in the business of buying and selling energy.</p><p>If we want to develop well, we must rely on our ancestor Rockefeller to merge and expand production.</p><p>ExxonMobil has indeed inherited this very well. In the early days, the two companies merged and became the world's largest oil company in one fell swoop.</p><p>In the subsequent operations, ExxonMobil has continued to purchase high-quality upstream oil and gas assets, playing the wishful thinking of \"buying low and selling high\".</p><p>However, sometimes people are not as good as God.</p><p>In 2009, taking advantage of the international financial crisis, ExxonMobil spent US $41 billion to acquire the American XTO Energy Company, acquiring fracturing technology and precious natural gas fields.</p><p>I originally hoped to make a lot of money by relying on the sharp rise in natural gas. Who would have thought that it was copied on the top of the mountain.</p><p>As commodity prices fell in the following years, ExxonMobil's investment fell into the red and eventually withdrew most of its investment.</p><p>Between 2009 and 2019, Exxon spent $261 billion in capital expenditures, according to investment bank Evercore ISI.</p><p>Not only did oil and gas production not expand much, but it increased debt by $45 billion.</p><p><img src=\"https://static.tigerbbs.com/a59dc22a96ff6d5e35155840a6e88e07\" tg-width=\"554\" tg-height=\"738\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/1ee1f70017b5261ef909bca6227bfdfa\" tg-width=\"601\" tg-height=\"800\" referrerpolicy=\"no-referrer\"></p><p>ExxonMobil's investments vs. debt</p><p>Second, strategic mistakes.</p><p>ExxonMobil is very aggressive in investing in oil and gas resources, and conservative in new energy.</p><p>Like other U.S. oil companies, ExxonMobil also believes that oil and gas energy demand will not decrease in the short term, and it is foolish to switch to new energy sources.</p><p>ExxonMobil is indeed stubborn. On the one hand, it despises new energy, and on the other hand, it invests US $1 billion every year in the research of \"carbon capture and storage technology\".</p><p><img src=\"https://static.tigerbbs.com/7b9047c394c310e89c3534276bbb39c4\" tg-width=\"660\" tg-height=\"317\" referrerpolicy=\"no-referrer\"></p><p>Schematic diagram of \"Carbon capture and storage technology\"</p><p>This technology, simply put, collects carbon dioxide produced by industrial life activities and stores it in various ways to avoid its emission into the atmosphere.</p><p>ExxonMobil's small idea is that since the reason why it is not allowed to use oil is because it is afraid of carbon emissions, I simply capture and store the carbon so that oil can be used.</p><p>The ideal is full, but the reality is skinny.</p><p>This technology has been studied for forty or fifty years, and there has been little substantial progress.</p><p>ExxonMobil probably \"clicked on the wrong technology tree\".</p><p>The butt determines the head, which is really unacceptable.</p><p><img src=\"https://static.tigerbbs.com/e76a5235faa31191b4c32e86aa9e1632\" tg-width=\"660\" tg-height=\"176\" referrerpolicy=\"no-referrer\"></p><p>Does ExxonMobil's recession mean that petrochemical companies are having a hard time?</p><p>To be precise, American petrochemical companies are having a hard time.</p><p>Let's first look at the Fortune Global 500 in 2006. ExxonMobil ranked first in the world.</p><p>Another noteworthy situation is that among the top ten, Royal Dutch Shell,<a href=\"https://laohu8.com/S/BP\">British Oil</a>Company,<a href=\"https://laohu8.com/S/CVX\">Chevron</a>Company, United States<a href=\"https://laohu8.com/S/COP\">ConocoPhillips</a>The companies are all petrochemical companies.</p><p>In other words, among the ten largest companies in the world in 2006, petrochemical companies accounted for five.</p><p><img src=\"https://static.tigerbbs.com/a05d48e79c0f57ea523f43697f69fdfa\" tg-width=\"660\" tg-height=\"665\" referrerpolicy=\"no-referrer\"></p><p>Top Ten of the World's Fortune 500 in 2006</p><p>Looking at the 2020 list, among the top ten, petrochemical companies still occupy 5 seats.</p><p><img src=\"https://static.tigerbbs.com/1c6271323e9fc6dd54a697ead7c24fc9\" tg-width=\"593\" tg-height=\"735\" referrerpolicy=\"no-referrer\"></p><p>Top 10 of the 2020 Fortune Global 500 list</p><p>However, American companies have changed greatly.</p><p>In 2005, three petrochemical companies in the United States ranked among the top ten; In 2020, all out.</p><p>The collective decline of American petrochemical companies can be analyzed in another article.</p><p>The conservatism of American petrochemical companies may be one of the reasons.</p><p>Unlike sticking to the oil and gas field, European petrochemical companies have taken the lead.</p><p>BP announced that it will increase investment in low-emission businesses tenfold over the next 10 years to $5 billion per year, while shrinking oil and gas production by 40%.</p><p><a href=\"https://laohu8.com/S/SNP\">Sinopec</a>、<a href=\"https://laohu8.com/S/PTR\">PetroChina</a>Also transforming.</p><p>Recently,<a href=\"https://laohu8.com/S/600028\">Sinopec</a>A plan has been announced to deploy 5,000 charging and swapping stations, 1,000 hydrogenation stations or oil-hydrogen joint construction stations, and 7,000 distributed photovoltaic power stations by 2025.</p><p><img src=\"https://static.tigerbbs.com/b7dc7c42418bdd914f31fab0e6a0e600\" tg-width=\"500\" tg-height=\"326\" referrerpolicy=\"no-referrer\"></p><p>Sinopec gas station battery swap station</p><p><a href=\"https://laohu8.com/S/601857\">PetroChina</a>We are also exploring the \"oil + electricity\" transformation in many provinces and cities across the country, putting into operation comprehensive energy supply service stations, combining gas stations and charging piles into one, and providing services for new energy vehicle owners.</p><p>This strategic transformation of the blade inward requires courage and is also an important measure to hedge the risks of the traditional petrochemical industry.</p><p>Low-carbon emission reduction has become the general trend of the times, and the global energy system is undergoing profound changes.</p><p>Ignoring or even resisting this trend will eventually be abandoned by the times. Disclaimer: The content of this article only represents the views of the author of the submitted article, and does not represent the position of Muddy Waters. Please indicate the name of the contributor and attach the source of this article (Muddy Water).<b>Muddy Water reserves the right to investigate the corresponding responsibility for those who fail to reprint according to the specification</b></p>","source":"lsy1568269639741","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>Is it going to be eliminated by the times? The world's most powerful company suffered a huge loss of US $22.4 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\">\nIs it going to be eliminated by the times? The world's most powerful company suffered a huge loss of US $22.4 billion\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\"> 正解局</strong><span class=\"h-time small\">2021-06-28 16:53</span>\n</p>\n</h4>\n</header>\n<article>\n<p>In 2005, three petrochemical companies in the United States ranked among the top ten; In 2020, all out. Original solution</p><p>About 14 years ago, the best company in the world was<a href=\"https://laohu8.com/S/XOM\">ExxonMobil</a>。</p><p>This oil company's operating income ranked first in the world in 2006, and its market value ranked first in the world in 2007. It was in the limelight for a while.</p><p>Today, ExxonMobil's market value has shrunk by half, and its operating income in 2020 will lose US $22.4 billion.</p><p>What has ExxonMobil done wrong in just over a decade?</p><p>Petrochemical companies, are life really hard?</p><p><img src=\"https://static.tigerbbs.com/1ffefa502a3b3b7343aa17156a17e8d6\" tg-width=\"660\" tg-height=\"176\" referrerpolicy=\"no-referrer\">ExxonMobil, from a well-known family.</p><p>Its predecessor was the famous Standard Oil Company founded by Rockefeller.</p><p>The largest crude oil producer in the United States monopolizes 95% of the refining capacity, 90% of the oil transportation capacity and 25% of the crude oil production in the United States.</p><p>The strength of monopoly is unprecedented in American history, and it is unprecedented.</p><p>Because it was too powerful, in 1911, the Standard Oil Empire was split into about 37 regional oil companies.</p><p>Among them, the largest one is Exxon (Standard Oil of New Jersey).</p><p>The general trend of the world is that if we unite for a long time, we will divide it, and if we divide for a long time, we will unite it.</p><p>In 1999, Exxon Oil (Standard Oil of New Jersey) and Mobil Oil merged to form ExxonMobil Corporation, which transformed itself into the world's largest oil company.</p><p>A Big Mac is a Big Mac. The second year after the merger, ExxonMobil was on the Fortune Global 500 list, ranking third.</p><p><img src=\"https://static.tigerbbs.com/de976cf6d27f46cb0cf233283bc0397d\" tg-width=\"435\" tg-height=\"539\" referrerpolicy=\"no-referrer\">Top Ten of the World's Fortune 500 List in 2000</p><p>Since then, ExxonMobil has been among the top five in the world 500 list all year round. In 2006, it ranked first in the world in one fell swoop.<img src=\"https://static.tigerbbs.com/a05d48e79c0f57ea523f43697f69fdfa\" tg-width=\"660\" tg-height=\"665\" referrerpolicy=\"no-referrer\">Top Ten of the World's Fortune 500 in 2006</p><p>2007 was also the highlight moment for ExxonMobil, with its market value ranking first in the world, reaching US $525 billion at its peak.</p><p>It is such an awesome company. The 2020 financial report shows that it has suffered a loss of US $22.44 billion. This is the first loss since the merger, and it may also be one of the companies with the largest losses in the world.</p><p>The latest market value is only US $273.9 billion, only half of its peak.</p><p><img src=\"https://static.tigerbbs.com/93e38d7e4eaef842e365b7effdf8da04\" tg-width=\"840\" tg-height=\"470\">Today, ExxonMobil's market value is only $272.4 billion, barely topping the list<a href=\"https://laohu8.com/S/AAPL\">Apple</a>1/10 of the market value of US $2.24 trillion.</p><p>In order to cope with the losses, ExxonMobil decided to lay off employees, suspend bonuses, and sell assets to save itself.</p><p>After announcing in 2020 that it would cut 14,000 jobs worldwide by 2022, ExxonMobil also plans to reduce the number of employees in its U.S. offices by 5% to 10% annually over the next three to five years.</p><p>According to ExxonMobil's employee composition, the U.S. office will lay off 1,000 to 3,000 people every year.</p><p>ExxonMobil has also taken measures such as suspending bonuses and stopping employee contribution matching to 401k savings plans.</p><p>In addition, ExxonMobil will sell shares in 15 oil fields to get some blood back.<img src=\"https://static.tigerbbs.com/896a25d58495644c16903bb72d3ef94d\" tg-width=\"554\" tg-height=\"370\" referrerpolicy=\"no-referrer\">ExxonMobil chemical plant in Baytown, Texas</p><p>Ordinary employees are at risk of losing their jobs, and times at the top are hard.</p><p>Previously, ExxonMobil changed a quarter of its board members due to climate and financial concerns.</p><p><img src=\"https://static.tigerbbs.com/c3e19a6be56cb21660acb2bd3624b49d\" tg-width=\"660\" tg-height=\"176\" referrerpolicy=\"no-referrer\"></p><p>ExxonMobil's loss is due to accidental factors.</p><p>You know, in 2019, they also earned a net profit of $14.34 billion.</p><p>The huge loss in 2020, this accidental factor is COVID-19 pandemic.</p><p>Affected by the epidemic, oil demand has declined, and international oil prices have also plummeted. For details, please read \"Sending 84 giant ships to buy oil at the bottom, China becomes the biggest winner of the\" oil war \"?\" This article.</p><p><img src=\"https://static.tigerbbs.com/e36c5ed02f7d9f7a3b6803cee6cead1d\" tg-width=\"660\" tg-height=\"385\" referrerpolicy=\"no-referrer\"></p><p>Crude oil price trend chart in recent years</p><p>The decline in sales volume and the decline in prices has naturally greatly affected ExxonMobil's revenue.</p><p>You see, as the epidemic is gradually brought under control, international oil prices begin to rise, and ExxonMobil's revenue begins to \"come back to life\" again.</p><p>The company's first fiscal quarter of fiscal year 2021 showed that the net profit attributable to ordinary shareholders was US $2.730 billion.</p><p>If we go back to 2019 before the epidemic, we will find that compared with 2018, ExxonMobil's net profit has also declined.</p><p>Connecting with its falling market value, ExxonMobil's recession is already a general trend.</p><p>Therefore, there must be internal factors behind ExxonMobil's recession.</p><p>First, the investment failed.</p><p>Energy companies like petrochemicals are engaged in the business of buying and selling energy.</p><p>If we want to develop well, we must rely on our ancestor Rockefeller to merge and expand production.</p><p>ExxonMobil has indeed inherited this very well. In the early days, the two companies merged and became the world's largest oil company in one fell swoop.</p><p>In the subsequent operations, ExxonMobil has continued to purchase high-quality upstream oil and gas assets, playing the wishful thinking of \"buying low and selling high\".</p><p>However, sometimes people are not as good as God.</p><p>In 2009, taking advantage of the international financial crisis, ExxonMobil spent US $41 billion to acquire the American XTO Energy Company, acquiring fracturing technology and precious natural gas fields.</p><p>I originally hoped to make a lot of money by relying on the sharp rise in natural gas. Who would have thought that it was copied on the top of the mountain.</p><p>As commodity prices fell in the following years, ExxonMobil's investment fell into the red and eventually withdrew most of its investment.</p><p>Between 2009 and 2019, Exxon spent $261 billion in capital expenditures, according to investment bank Evercore ISI.</p><p>Not only did oil and gas production not expand much, but it increased debt by $45 billion.</p><p><img src=\"https://static.tigerbbs.com/a59dc22a96ff6d5e35155840a6e88e07\" tg-width=\"554\" tg-height=\"738\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/1ee1f70017b5261ef909bca6227bfdfa\" tg-width=\"601\" tg-height=\"800\" referrerpolicy=\"no-referrer\"></p><p>ExxonMobil's investments vs. debt</p><p>Second, strategic mistakes.</p><p>ExxonMobil is very aggressive in investing in oil and gas resources, and conservative in new energy.</p><p>Like other U.S. oil companies, ExxonMobil also believes that oil and gas energy demand will not decrease in the short term, and it is foolish to switch to new energy sources.</p><p>ExxonMobil is indeed stubborn. On the one hand, it despises new energy, and on the other hand, it invests US $1 billion every year in the research of \"carbon capture and storage technology\".</p><p><img src=\"https://static.tigerbbs.com/7b9047c394c310e89c3534276bbb39c4\" tg-width=\"660\" tg-height=\"317\" referrerpolicy=\"no-referrer\"></p><p>Schematic diagram of \"Carbon capture and storage technology\"</p><p>This technology, simply put, collects carbon dioxide produced by industrial life activities and stores it in various ways to avoid its emission into the atmosphere.</p><p>ExxonMobil's small idea is that since the reason why it is not allowed to use oil is because it is afraid of carbon emissions, I simply capture and store the carbon so that oil can be used.</p><p>The ideal is full, but the reality is skinny.</p><p>This technology has been studied for forty or fifty years, and there has been little substantial progress.</p><p>ExxonMobil probably \"clicked on the wrong technology tree\".</p><p>The butt determines the head, which is really unacceptable.</p><p><img src=\"https://static.tigerbbs.com/e76a5235faa31191b4c32e86aa9e1632\" tg-width=\"660\" tg-height=\"176\" referrerpolicy=\"no-referrer\"></p><p>Does ExxonMobil's recession mean that petrochemical companies are having a hard time?</p><p>To be precise, American petrochemical companies are having a hard time.</p><p>Let's first look at the Fortune Global 500 in 2006. ExxonMobil ranked first in the world.</p><p>Another noteworthy situation is that among the top ten, Royal Dutch Shell,<a href=\"https://laohu8.com/S/BP\">British Oil</a>Company,<a href=\"https://laohu8.com/S/CVX\">Chevron</a>Company, United States<a href=\"https://laohu8.com/S/COP\">ConocoPhillips</a>The companies are all petrochemical companies.</p><p>In other words, among the ten largest companies in the world in 2006, petrochemical companies accounted for five.</p><p><img src=\"https://static.tigerbbs.com/a05d48e79c0f57ea523f43697f69fdfa\" tg-width=\"660\" tg-height=\"665\" referrerpolicy=\"no-referrer\"></p><p>Top Ten of the World's Fortune 500 in 2006</p><p>Looking at the 2020 list, among the top ten, petrochemical companies still occupy 5 seats.</p><p><img src=\"https://static.tigerbbs.com/1c6271323e9fc6dd54a697ead7c24fc9\" tg-width=\"593\" tg-height=\"735\" referrerpolicy=\"no-referrer\"></p><p>Top 10 of the 2020 Fortune Global 500 list</p><p>However, American companies have changed greatly.</p><p>In 2005, three petrochemical companies in the United States ranked among the top ten; In 2020, all out.</p><p>The collective decline of American petrochemical companies can be analyzed in another article.</p><p>The conservatism of American petrochemical companies may be one of the reasons.</p><p>Unlike sticking to the oil and gas field, European petrochemical companies have taken the lead.</p><p>BP announced that it will increase investment in low-emission businesses tenfold over the next 10 years to $5 billion per year, while shrinking oil and gas production by 40%.</p><p><a href=\"https://laohu8.com/S/SNP\">Sinopec</a>、<a href=\"https://laohu8.com/S/PTR\">PetroChina</a>Also transforming.</p><p>Recently,<a href=\"https://laohu8.com/S/600028\">Sinopec</a>A plan has been announced to deploy 5,000 charging and swapping stations, 1,000 hydrogenation stations or oil-hydrogen joint construction stations, and 7,000 distributed photovoltaic power stations by 2025.</p><p><img src=\"https://static.tigerbbs.com/b7dc7c42418bdd914f31fab0e6a0e600\" tg-width=\"500\" tg-height=\"326\" referrerpolicy=\"no-referrer\"></p><p>Sinopec gas station battery swap station</p><p><a href=\"https://laohu8.com/S/601857\">PetroChina</a>We are also exploring the \"oil + electricity\" transformation in many provinces and cities across the country, putting into operation comprehensive energy supply service stations, combining gas stations and charging piles into one, and providing services for new energy vehicle owners.</p><p>This strategic transformation of the blade inward requires courage and is also an important measure to hedge the risks of the traditional petrochemical industry.</p><p>Low-carbon emission reduction has become the general trend of the times, and the global energy system is undergoing profound changes.</p><p>Ignoring or even resisting this trend will eventually be abandoned by the times. Disclaimer: The content of this article only represents the views of the author of the submitted article, and does not represent the position of Muddy Waters. Please indicate the name of the contributor and attach the source of this article (Muddy Water).<b>Muddy Water reserves the right to investigate the corresponding responsibility for those who fail to reprint according to the specification</b></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://mp.weixin.qq.com/s/7-k9ecgcKloqfvP1ovs-4w\"> 正解局</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/896a25d58495644c16903bb72d3ef94d","relate_stocks":{"XOM":"埃克森美孚"},"source_url":"https://mp.weixin.qq.com/s/7-k9ecgcKloqfvP1ovs-4w","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2146881622","content_text":"2005年，美国有3家石化企业跻身前十强；2020年，全部出局。正解局原创\n14年前左右，全球最牛的公司是埃克森美孚。\n这家石油公司，2006年营业收入高居全球第一，2007年市值又高居全球第一，风头一时无两。\n今天，埃克森美孚市值缩水一半，2020年营业收入更是亏损了224亿美元。\n短短十多年，埃克森美孚做错了什么？\n石化企业，日子真的不好过了吗？\n埃克森美孚，出身名门。\n其前身，便是洛克菲勒创办的大名鼎鼎的标准石油公司。\n这家美国最大的原油生产商，垄断了美国95%的炼油能力、90%的输油能力、25%的原油产量。\n垄断力度之大，在美国历史上，前无古人，亦后无来者。\n因为实在过于强大，1911年，标准石油帝国被拆分为约37家地区性石油公司。\n其中，最大的那一家，便是埃克森（新泽西标准石油）。\n天下大势，合久必分，分久必合。\n1999年，埃克森石油（新泽西标准石油）与美孚石油合并为埃克森美孚公司，摇身一变，又成为了世界第一大石油公司。\n巨无霸就是巨无霸。合并的第二年，埃克森美孚登上了财富世界500强榜单，位列第三名。\n2000年世界500强排行榜前十\n此后，埃克森美孚便常年在世界500榜单前5强。2006年，更是一举跃居世界第一。2006年世界500强排行榜前十\n2007年也是埃克森美孚的高光时刻，市值稳居全球第一，峰值时期曾达到5250亿美元。\n就是这么一家牛逼的公司，2020年的财报显示，亏损224.40亿美元，这是合并以来首次亏损，可能也是全球亏损最多的公司之一。\n最新的市值，也只有2739亿美元，仅为巅峰时期的一半。\n而到如今，埃克森美孚的市值仅为2724亿美元，勉强达到榜首苹果的2.24万亿美元市值的1/10。\n为了应对亏损，埃克森美孚决定裁员、暂停发奖金、卖资产以自救。\n自2020年宣布到2022年在全球裁员14000人之后，埃克森美孚还计划在未来三到五年内，将其美国办事处的员工人数每年减少5%至10%。\n按照埃克森美孚的员工构成，美国办事处每年要裁掉1000到3000人。\n埃克森美孚还采取暂停发放奖金、停止员工对401k储蓄计划的贡献匹配等措施。\n此外，埃克森美孚将出售15个油田的股份，回点血。位于得克萨斯州贝敦的埃克森美孚化工厂\n普通员工面临失业风险，高层的日子也不好过。\n此前，因气候和财务问题，埃克森美孚更换了四分之一的董事会成员。\n\n埃克森美孚亏损，有偶然因素。\n要知道，2019年，他们还赚了143.40亿美元的净利润。\n2020年巨亏，这个偶然因素就是新冠疫情。\n受疫情影响，石油需求下降，国际油价也大跌，具体可看正解局《派84艘巨轮抄底石油，中国成为“石油大战”最大赢家？》这篇文章。\n\n近几年的原油价格走势图\n销量下降，价格又降低，埃克森美孚的营收自然大受影响。\n你看，随着疫情逐步被控制，国际油价开始上升，埃克森美孚的营收，又开始“起死回生”。\n公司2021财年第一财季显示，归属于普通股东净利润为27.30亿美元。\n如果我们回到疫情之前的2019年，会发现，与2018年相比，埃克森美孚的净利润也是下降的。\n再联系其一路下跌的市值，埃克森美孚衰退，已是大势。\n因此，埃克森美孚的衰退背后，肯定有着内在因素。\n其一，投资失败。\n像石化这样的能源企业，做的就是买卖能源的生意。\n要想发展得好，就要靠祖师爷洛克菲勒兼并、扩产那一套。\n埃克森美孚确实很好地继承了这一点，早期便是两家合并，一举登顶全球最大石油企业。\n在此后的经营中，埃克森美孚不断购买优质上游油气资产，打的是“低买高卖”的如意算盘。\n然而，有时候人算不如天算。\n2009年，趁着国际金融危机，埃克森美孚豪掷410亿美元收购美国XTO能源公司，拿下压裂技术和珍贵的天然气田。\n本来期望靠天然气大涨，狠赚一把。谁承想，抄在了山顶。\n随着此后几年大宗商品价格的下跌，埃克森美孚投资陷入亏损，最终撤销了大部分投资。\n投资银行Evercore ISI的数据显示，2009年至2019年期间，埃克森美孚的资本支出为2610亿美元。\n不仅油气产量没扩大多少，反而增加了450亿美元的债务。\n\n埃克森美孚的投资与债务\n其二，战略失误。\n埃克森美孚在投资油气资源上，非常激进，在新能源上，又很保守。\n如其他美国石油企业一样，埃克森美孚也认为，短期内，油气能源需求不会减少，转向新能源是愚蠢。\n埃克森美孚确实比较顽固，一方面看不上新能源，另一方面每年投资10亿美元在“碳捕获与封存技术”研究上。\n\n“碳捕获与封存技术”示意图\n这项技术，简单来说，就是将工业生活活动所产生的二氧化碳收集起来，并用各种方法储存，以避免其排放到大气中。\n埃克森美孚的小心思是，既然不让用石油的原因是怕碳排放，那我索性把碳捕捉并封存起来，这样就可以让用石油了。\n理想很丰满，现实很骨感。\n这项技术研究了四五十年，也没什么实质性的进展。\n埃克森美孚大概是“点错了科技树”。\n屁股决定脑袋，实在要不得。\n\n埃克森美孚的衰退，是不是意味着石化企业，日子不好过了？\n准确地说，是美国石化企业，日子不好过了。\n还是先看2006年世界500强，埃克森美孚位居世界第一。\n另一个值得注意的情况是，前十强中，荷兰皇家壳牌石油公司、英国石油公司、雪佛龙公司、美国康菲石油公司都是石化企业。\n也就是说，2006年全球最大的十家公司，石化企业独占5家。\n\n2006年世界500强排行榜前十\n再看2020年榜单，前十强中，石化企业依然占据5席。\n\n2020年世界500强排行榜前十\n只是，美国企业变化比较大。\n2005年，美国有3家石化企业跻身前十强；2020年，全部出局。\n美国石化企业的集体性衰退，可以另写一篇文章分析。\n美国石化企业的保守，可能是原因之一。\n与固守油气领域不同，欧洲石化企业已先行一步。\n英国石油公司宣布，未来10年将把低排放业务的投资增加10倍，达到每年50亿美元，同时将油气产量缩减40%。\n中石化、中石油也在转型。\n最近，中国石化对外宣布了一项规划，到2025年将布局5000座充换电站，1000座加氢站或油氢合建站，以及7000座分布式光伏发电站点。\n\n中石化加油站内换电站\n中国石油也在全国多个省市探索“油＋电”转型，投运综合供能服务站，将加油站与充电桩合二为一，为新能源车主提供服务。\n这种刀刃向内的战略转型，需要勇气，也是对冲传统石化行业风险的重要举措。\n低碳减排已成时代大势，全球能源体系正发生深刻变化。\n无视乃至抵制这种趋势，终将为时代所抛弃。声明：本文内容仅代表该投稿文章作者观点，不代表浑水号立场。转载请注明投稿人姓名并附上本文出处（浑水号）。未按照规范转载者，浑水号保留追究相应责任的权利","news_type":1,"symbols_score_info":{"XOM":0.9}},"isVote":1,"tweetType":1,"viewCount":4183,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":190942789,"gmtCreate":1620575882641,"gmtModify":1704345112391,"author":{"id":"3573373078542650","authorId":"3573373078542650","name":"KeithHan","avatar":"https://static.tigerbbs.com/499148728d0c775136a5099e0d8769c0","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573373078542650","authorIdStr":"3573373078542650"},"themes":[],"htmlText":"? ? ? ?&nbsp;","listText":"? ? ? ?&nbsp;","text":"? ? ? ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/190942789","repostId":"1164615477","repostType":4,"isVote":1,"tweetType":1,"viewCount":3453,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":372856465,"gmtCreate":1619193208057,"gmtModify":1704721142874,"author":{"id":"3573373078542650","authorId":"3573373078542650","name":"KeithHan","avatar":"https://static.tigerbbs.com/499148728d0c775136a5099e0d8769c0","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573373078542650","authorIdStr":"3573373078542650"},"themes":[],"htmlText":"? ? ? ? ? ?&nbsp;","listText":"? ? ? ? ? ?&nbsp;","text":"? ? ? ? ? ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/372856465","repostId":"2129035903","repostType":4,"repost":{"id":"2129035903","kind":"news","weMediaInfo":{"introduction":"全球第五大财经门户网站Investing.com中国官方微信，提供全球各国海量金融资讯和实时行情数据，包括股票股指、外汇、期货、基金、债券、加密货币等。关注全球金融市场动态的投资者千万不可错过。","home_visible":1,"media_name":"英为财情Investing","id":"92","head_image":"https://static.tigerbbs.com/406e2b4996e14cd8a66a2a6864ef4313"},"pubTimestamp":1619191931,"share":"https://ttm.financial/m/news/2129035903?lang=en_US&edition=fundamental","pubTime":"2021-04-23 23:32","market":"us","language":"zh","title":"The two K12 giants have released financial reports successively. Who has a \"good future\"?","url":"https://stock-news.laohu8.com/highlight/detail?id=2129035903","media":"英为财情Investing","summary":"中国两大教育巨头近日前后脚公布了最新的财报数据，在经历了股价波动性较高的一季度以后，这两家公司的财报受到了投资者的密切关注。\n根据行情数据显示，和在美股上市的股票价格今年以来已经双双累计跌逾12%，这","content":"<p>China's two major education giants recently released their latest financial report data. After experiencing a first quarter with high stock price volatility, the financial reports of these two companies have received close attention from investors.</p><p>According to market data, the prices of stocks listed on the US stock market and the US stock market have both fallen by more than 12% this year, which is not only significantly weaker than the trend of the US stock market, but also not in line with the trend of vigorous economic recovery in the \"post-epidemic\" era.</p><p>The weakness of Zhonggai Education Stocks can be traced back to January this year. At that time, the website of the Central Commission for Discipline Inspection and the State Supervision Commission issued a document pointing out the various problems existing in online education. There are also media sources that after-school counseling institutions have been raided by relevant regulatory authorities. At that time<a href=\"https://laohu8.com/S/EDU\">New Oriental</a>Noncommittal on the news.</p><p>In the following months, online education was frequently named by relevant departments and official media, and the issue of how to regulate the education and training industry also triggered heated discussions in the society. Chen Baosheng, Minister of Education, recently said that this year, efforts should be made to rectify off-campus training institutions. On March 31, Lu Yugang, director of the Department of Basic Education of the Ministry of Education, said at the press conference of the State Council Information Office that this year, the Ministry of Education has listed the governance of training institutions as a key task and further strengthened the governance of off-campus training institutions. With the successive introduction of regulatory policies, 2021 is also regarded as a transformative year for the education and training industry.</p><p>Under the strict regulatory environment, Wall Street has also turned to,<a href=\"https://laohu8.com/S/C\">Citigroup</a>Of analysts will<a href=\"https://laohu8.com/S/TAL\">TAL</a>The target price was lowered by $20; And<a href=\"https://laohu8.com/S/JEF\">Jefferies</a>Analysts believe that the impact of regulation on leading companies will not be too great. However, the investment bank also said that in the current situation of a lot of news, investors chose to \"vote with their feet\" and sell stocks first, which is a common way for Wall Street investors to deal with negative news of international stocks.</p><p><b>1、</b>TAL</p><p>According to the latest data released by TAL, the company's revenue in the Q4 quarter of fiscal year 2021 was US $1.36 billion, a year-on-year increase of 59%, which was better than the company's guidance expected to be between US $1.175 and US $1.2 billion announced in Q3. The company achieved revenue of approximately 4.5 billion for the whole year. U.S. dollars, a year-on-year increase of 37.3%. However, its losses also enlarged. The net loss in the fourth quarter was US $169 million, an increase of 87.56% from the net loss of US $90 million in the same period last year, and the net loss for the whole year was US $116.0 million.</p><p>It should be noted that TAL's losses have increased, mainly due to the substantial increase in marketing expenses brought about by the online education war. Recently, the competition among major online education institutions has become increasingly fierce, the company's advertising investment has further surged, and the overall marketing expenses have soared sharply. Specifically, the company's Q4 sales expenses reached US $660 million, a year-on-year increase of 172%; The annual sales expenses were 1.68 billion yuan, a year-on-year increase of 37.4%.</p><p>Although it is backed by the strict regulatory environment, and the problem of a large number of advertisements before the winter vacation has attracted the attention of the regulatory authorities, the company's online courses in Q4 achieved revenue of approximately US $440 million, a year-on-year increase of 115%, accounting for 32% from 24% in the same period last year.%, the number of participants in long-term regular-priced courses increased by 71% year-on-year to 3.5 million, and the ASP of regular-priced courses increased by 9% year-on-year.</p><p>According to the market data of Investing.com, at the beginning of TAL's financial report, the market gave the stock a relatively positive reaction (up about 6% before the market), but then the stock price fell back and finally closed down 2.16%.</p><p>Market analysts believe that under the severe pressure of entering a higher school in China, the company still has huge opportunities in the extracurricular tutoring market. Although the competition is fierce, under the background of stricter supervision, the competition will become calmer, and its management of marketing expenses is also expected to improve. The company's market outlook is more rational in terms of online expansion. And its cash flow is still as high as $5.938 billion.</p><p>TAL expects that in Q1 of fiscal year 2022 (the three months ending May 31, 2021), its revenue will increase by 43%-45% year-on-year to between US $1.3022 billion and US $1.3205 billion.</p><p><b>2、</b>New Oriental</p><p>Earlier this week, New Oriental, TAL's number one competitor, also released its financial report. Data show that in the third quarter of fiscal year 2021, New Oriental's net income exceeded US $1.19 billion, a year-on-year increase of 29%. In addition, Q3.151 billion US dollars, a year-on-year increase of 9.9%. Profit per ADS was US $0.09, unchanged from US $0.09 in the same period last year, and the market expected US $0.06.</p><p>Like TAL, in the face of a fierce competitive environment, the company's business expansion has also led to an increase in costs. Data shows that in Q3 of fiscal year 2021, New Oriental continued to expand the coverage of the OMO system, investing US $59 million in existing cities and surrounding areas. Trial OMO online courses in 25 new satellite cities. (OMO strategy refers to the Online-Merge-Offline model, which aims to deeply integrate online and offline channels. It is considered a business model with greater market efficiency improvement after O2O.)</p><p>In the third quarter of fiscal year 2021, New Oriental's operating costs and expenses were US $1.089 billion, a year-on-year increase of 35.1%; Cost of revenue was US $529.5 million, a year-on-year increase of 35.3%; Sales and marketing expenses were US $156.1 million, a year-on-year increase of 32.0%; General and administrative expenses were US $393.4 million, a year-on-year increase of 36.1%. However, the increase in costs has also suppressed the company's profit margins.</p><p>However, New Oriental is still profitable, which also makes Wall Street investors more \"tolerant\" of it. On the day of the financial report, the company's stock price closed up more than 6.4%.</p><p>Analysts believe that with China's better control of the epidemic, offline education has also picked up, and the two educational methods can complement each other, which can help established educational institutions like New Oriental seize more markets and resources. However, it is undeniable that in the fierce competitive environment, the erosion of the stock's market share by other industry participants cannot be ignored.</p><p>New Oriental predicts that in Q4 of fiscal year 2021 (three months ending May 31, 2021), its revenue will increase by 38%-43% year-on-year to between US $1.1019 billion and US $1.1418 billion.</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 two K12 giants have released financial reports successively. Who has a \"good future\"?</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 two K12 giants have released financial reports successively. Who has a \"good future\"?\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/92\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/406e2b4996e14cd8a66a2a6864ef4313);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">英为财情Investing </p>\n<p class=\"h-time smaller\">2021-04-23 23:32</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>China's two major education giants recently released their latest financial report data. After experiencing a first quarter with high stock price volatility, the financial reports of these two companies have received close attention from investors.</p><p>According to market data, the prices of stocks listed on the US stock market and the US stock market have both fallen by more than 12% this year, which is not only significantly weaker than the trend of the US stock market, but also not in line with the trend of vigorous economic recovery in the \"post-epidemic\" era.</p><p>The weakness of Zhonggai Education Stocks can be traced back to January this year. At that time, the website of the Central Commission for Discipline Inspection and the State Supervision Commission issued a document pointing out the various problems existing in online education. There are also media sources that after-school counseling institutions have been raided by relevant regulatory authorities. At that time<a href=\"https://laohu8.com/S/EDU\">New Oriental</a>Noncommittal on the news.</p><p>In the following months, online education was frequently named by relevant departments and official media, and the issue of how to regulate the education and training industry also triggered heated discussions in the society. Chen Baosheng, Minister of Education, recently said that this year, efforts should be made to rectify off-campus training institutions. On March 31, Lu Yugang, director of the Department of Basic Education of the Ministry of Education, said at the press conference of the State Council Information Office that this year, the Ministry of Education has listed the governance of training institutions as a key task and further strengthened the governance of off-campus training institutions. With the successive introduction of regulatory policies, 2021 is also regarded as a transformative year for the education and training industry.</p><p>Under the strict regulatory environment, Wall Street has also turned to,<a href=\"https://laohu8.com/S/C\">Citigroup</a>Of analysts will<a href=\"https://laohu8.com/S/TAL\">TAL</a>The target price was lowered by $20; And<a href=\"https://laohu8.com/S/JEF\">Jefferies</a>Analysts believe that the impact of regulation on leading companies will not be too great. However, the investment bank also said that in the current situation of a lot of news, investors chose to \"vote with their feet\" and sell stocks first, which is a common way for Wall Street investors to deal with negative news of international stocks.</p><p><b>1、</b>TAL</p><p>According to the latest data released by TAL, the company's revenue in the Q4 quarter of fiscal year 2021 was US $1.36 billion, a year-on-year increase of 59%, which was better than the company's guidance expected to be between US $1.175 and US $1.2 billion announced in Q3. The company achieved revenue of approximately 4.5 billion for the whole year. U.S. dollars, a year-on-year increase of 37.3%. However, its losses also enlarged. The net loss in the fourth quarter was US $169 million, an increase of 87.56% from the net loss of US $90 million in the same period last year, and the net loss for the whole year was US $116.0 million.</p><p>It should be noted that TAL's losses have increased, mainly due to the substantial increase in marketing expenses brought about by the online education war. Recently, the competition among major online education institutions has become increasingly fierce, the company's advertising investment has further surged, and the overall marketing expenses have soared sharply. Specifically, the company's Q4 sales expenses reached US $660 million, a year-on-year increase of 172%; The annual sales expenses were 1.68 billion yuan, a year-on-year increase of 37.4%.</p><p>Although it is backed by the strict regulatory environment, and the problem of a large number of advertisements before the winter vacation has attracted the attention of the regulatory authorities, the company's online courses in Q4 achieved revenue of approximately US $440 million, a year-on-year increase of 115%, accounting for 32% from 24% in the same period last year.%, the number of participants in long-term regular-priced courses increased by 71% year-on-year to 3.5 million, and the ASP of regular-priced courses increased by 9% year-on-year.</p><p>According to the market data of Investing.com, at the beginning of TAL's financial report, the market gave the stock a relatively positive reaction (up about 6% before the market), but then the stock price fell back and finally closed down 2.16%.</p><p>Market analysts believe that under the severe pressure of entering a higher school in China, the company still has huge opportunities in the extracurricular tutoring market. Although the competition is fierce, under the background of stricter supervision, the competition will become calmer, and its management of marketing expenses is also expected to improve. The company's market outlook is more rational in terms of online expansion. And its cash flow is still as high as $5.938 billion.</p><p>TAL expects that in Q1 of fiscal year 2022 (the three months ending May 31, 2021), its revenue will increase by 43%-45% year-on-year to between US $1.3022 billion and US $1.3205 billion.</p><p><b>2、</b>New Oriental</p><p>Earlier this week, New Oriental, TAL's number one competitor, also released its financial report. Data show that in the third quarter of fiscal year 2021, New Oriental's net income exceeded US $1.19 billion, a year-on-year increase of 29%. In addition, Q3.151 billion US dollars, a year-on-year increase of 9.9%. Profit per ADS was US $0.09, unchanged from US $0.09 in the same period last year, and the market expected US $0.06.</p><p>Like TAL, in the face of a fierce competitive environment, the company's business expansion has also led to an increase in costs. Data shows that in Q3 of fiscal year 2021, New Oriental continued to expand the coverage of the OMO system, investing US $59 million in existing cities and surrounding areas. Trial OMO online courses in 25 new satellite cities. (OMO strategy refers to the Online-Merge-Offline model, which aims to deeply integrate online and offline channels. It is considered a business model with greater market efficiency improvement after O2O.)</p><p>In the third quarter of fiscal year 2021, New Oriental's operating costs and expenses were US $1.089 billion, a year-on-year increase of 35.1%; Cost of revenue was US $529.5 million, a year-on-year increase of 35.3%; Sales and marketing expenses were US $156.1 million, a year-on-year increase of 32.0%; General and administrative expenses were US $393.4 million, a year-on-year increase of 36.1%. However, the increase in costs has also suppressed the company's profit margins.</p><p>However, New Oriental is still profitable, which also makes Wall Street investors more \"tolerant\" of it. On the day of the financial report, the company's stock price closed up more than 6.4%.</p><p>Analysts believe that with China's better control of the epidemic, offline education has also picked up, and the two educational methods can complement each other, which can help established educational institutions like New Oriental seize more markets and resources. However, it is undeniable that in the fierce competitive environment, the erosion of the stock's market share by other industry participants cannot be ignored.</p><p>New Oriental predicts that in Q4 of fiscal year 2021 (three months ending May 31, 2021), its revenue will increase by 38%-43% year-on-year to between US $1.1019 billion and US $1.1418 billion.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/95a52bac654e212de5e6a737e01fc5ff","relate_stocks":{"TAL":"好未来","09901":"新东方-S","EDU":"新东方"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2129035903","content_text":"中国两大教育巨头近日前后脚公布了最新的财报数据，在经历了股价波动性较高的一季度以后，这两家公司的财报受到了投资者的密切关注。\n根据行情数据显示，和在美股上市的股票价格今年以来已经双双累计跌逾12%，这不仅大幅弱于美股大盘的走势，也并不符合“后疫情”时代经济蓬勃复苏的趋势。\n中概教育股的弱势，可以追溯到今年1月，彼时，中央纪委国家监委网站发文直指在线教育存在的种种问题。还有媒体消息称，课后辅导机构受到了相关监管部门的突击检查。而当时新东方对这一消息不置可否。\n接下来的几个月里，在线教育频频被有关部门和官媒点名，关于如何规范教培行业的问题也引发了社会热议。教育部部长陈宝生近期表示，今年要大力度治理整顿校外培训机构。3月31日，教育部基础教育司司长吕玉刚在国新办发布会上表示，今年教育部把培训机构治理工作列入重点工作任务，进一步加大校外培训机构治理力度。随着监管政策的陆续出台，2021年也被视作教培行业变革性的一年。\n严监管环境下，华尔街也纷纷转向，花旗的分析师将好未来的目标价下调了20美元；而杰富瑞的分析师则认为，监管对于龙头企业的影响不会太大。但是该投行也表示，在当前消息较多的情况下，投资者选择了“用脚投票”，先抛售股票，这是华尔街投资者对国际股票负面消息常见的处理方式。\n1、好未来\n好未来最新公布的数据显示，公司2021财年Q4季度营收为13.6亿美元，同比增长59%，优于公司Q3时公布的指引预期11.75-12亿美元之间，全年公司实现收入约45亿美元，同比增长37.3%。但是，其亏损也放大，第四季净亏损为1.69亿美元，较上年同期的净亏损0.90亿美元扩大87.56%，全年净亏损为1.160亿美元。\n需要注意的是，好未来的亏损加大，主要是因为线上教育大战所带来的营销费用大幅增长。近期，各大头部在线教育机构之间的竞争越发激烈，公司的广告投入也进一步激增，整体营销费用大幅飙升。具体而言，公司Q4销售费用达到6.6亿美元，同比大增172%；全年销售费用16.8亿元，同比大增37.4%。\n虽然背靠严监管环境，而且寒假前的广告大量投放问题，被监管部门关注，但是Q4公司在线课程实现收入约4.4亿美元，同比增长115%，占比从去年同期的24%大幅增至32%，长期正价课程的参培人数同比增长71%达到350万人，正价课程ASP同比增长9%。\n根据英为财情Investing.com的行情数据显示，在好未来公布财报之初，市场给予该股较为正面的反应(盘前涨约6%)，但是随后股价回落，最终收跌2.16%。\n市场分析师认为，在中国严峻的升学压力之下，公司在课外辅导市场仍然具备巨大机会，虽然竞争激烈，但是在监管趋严的背景下，竞争会更加趋于冷静，其在营销费用的管理方面也有望提升。公司后市在线上扩张方面更理性。而且其现金流仍然高达59.38亿美元。\n好未来预计，2022财年Q1(截至2021年5月31日止三个月)，其营收同比增长43%-45%，至13.022亿美元-13.205亿美元之间。\n2、新东方\n本周稍早前，好未来的头号竞争对手新东方也发布了财报。数据显示，2021财年第三季度，新东方净收入超11.9亿美元，同比增长29%，此外，Q31.51亿美元，同比增长9.9%。每ADS盈利0.09美元，和去年同期的0.09美元持平，市场预期0.06美元。\n和好未来一样，面对激烈的竞争环境，公司业务扩张也导致了成本的增加，数据显示，2021财年Q3，新东方继续扩大OMO系统的覆盖范围，投入5900万美元，在现有城市和周围的25个新的卫星城市中试用OMO在线课程。(OMO战略是指Online-Merge-Offline模式，旨在深度融合线上和线下渠道，被认为是继O2O之后市场效率更大提升的商业模式。)\n在2021财年第三季度，新东方运营成本和开支为10.890亿美元，同比增长35.1%；营收成本为5.295亿美元，同比增长35.3%；销售及营销开支为1.561亿美元，同比增长32.0%；总务及行政开支为3.934亿美元，同比增长36.1%。不过成本的增长也导致了公司的利润空间受到压制。\n不过，新东方仍然盈利，这也让华尔街的投资者对其更为“宽容”，在财报发布当日，公司股价收盘涨超6.4%。\n分析师认为，在中国较好地控制疫情的情况下，线下教育也已经回暖，两种教育方式就能得到相互补充，可以帮助新东方这样的老牌教育机构抢占更多市场和资源。但是不可否认的是，激烈的竞争环境中，其他行业参与者对该股市场份额的侵蚀也不容忽视。\n新东方预测，2021财年Q4(截至2021年5月31日止三个月)，其营收同比增长38%-43%，至11.019亿美元-11.418亿美元之间。","news_type":1,"symbols_score_info":{"TAL":0.9,"09901":0.9,"EDU":0.9}},"isVote":1,"tweetType":1,"viewCount":1482,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":357492611,"gmtCreate":1617288267833,"gmtModify":1704698415061,"author":{"id":"3573373078542650","authorId":"3573373078542650","name":"KeithHan","avatar":"https://static.tigerbbs.com/499148728d0c775136a5099e0d8769c0","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573373078542650","authorIdStr":"3573373078542650"},"themes":[],"htmlText":"? ? ? ? ? ? ? ?","listText":"? ? ? ? ? ? ? ?","text":"? ? ? ? ? ? ? ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/357492611","repostId":"1123979727","repostType":4,"repost":{"id":"1123979727","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":1617287972,"share":"https://ttm.financial/m/news/1123979727?lang=en_US&edition=fundamental","pubTime":"2021-04-01 22:39","market":"us","language":"zh","title":"Uxin soared by more than 40%, and the company signed investment letters of intent with two well-known funds","url":"https://stock-news.laohu8.com/highlight/detail?id=1123979727","media":"老虎资讯综合","summary":"4月1日，优信二手车盘中暴涨超40%，公司与两家知名的亚洲基金签订投资意向书。优信二手车宣布，公司已于4月1日与两家亚洲投资基金签订具约束力的投资意向书。据此，潜在投资者已同意与公司就认购高级可转换优","content":"<p>April 1st,<a href=\"https://laohu8.com/S/UXIN\">Youxin</a>Second-hand cars soared by more than 40% intraday, and the company signed investment letters of intent with two well-known Asian funds.</p><p><img src=\"https://static.tigerbbs.com/2167fabccf148c1d56d49b6c72965108\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><a href=\"https://laohu8.com/S/UXIN\">Youxin</a>Used Cars announced that the company has signed binding letters of intent with two Asian investment funds on April 1. Accordingly, potential investors have agreed to negotiate with the company on the subscription of senior convertible preferred shares and may enter into a definitive agreement. The total investment amount of the potential transaction may reach up to US $300 million.</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>Uxin soared by more than 40%, and the company signed investment letters of intent with two well-known funds</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\">\nUxin soared by more than 40%, and the company signed investment letters of intent with two well-known funds\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-04-01 22:39</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>April 1st,<a href=\"https://laohu8.com/S/UXIN\">Youxin</a>Second-hand cars soared by more than 40% intraday, and the company signed investment letters of intent with two well-known Asian funds.</p><p><img src=\"https://static.tigerbbs.com/2167fabccf148c1d56d49b6c72965108\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><a href=\"https://laohu8.com/S/UXIN\">Youxin</a>Used Cars announced that the company has signed binding letters of intent with two Asian investment funds on April 1. Accordingly, potential investors have agreed to negotiate with the company on the subscription of senior convertible preferred shares and may enter into a definitive agreement. The total investment amount of the potential transaction may reach up to US $300 million.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/7ade1733a461c9483048e104ccc2d044","relate_stocks":{"UXIN":"优信"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1123979727","content_text":"4月1日，优信二手车盘中暴涨超40%，公司与两家知名的亚洲基金签订投资意向书。优信二手车宣布，公司已于4月1日与两家亚洲投资基金签订具约束力的投资意向书。据此，潜在投资者已同意与公司就认购高级可转换优先股进行磋商并可能签订最终协议，潜在交易的总投资额最高或将达3亿美元。","news_type":1,"symbols_score_info":{"UXIN":0.9}},"isVote":1,"tweetType":1,"viewCount":1448,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}